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LiamPK
10th April 2008, 20:22
Now as many are aware there is an on going economic crisis within most of the "first world" and this is having long reaching affects to the "third world", food shortages etc.
Now in the UK and US which are established economic states, banks are pleading for money to help the through these "harsh times", now banks which are administers of capitalism they accepted capitalism through their methods of buisness but when the going gets tough and the trade cycle heads towards recession the banks who represent the interests of the rich are given huge loans to fill the gap in their losses.
I fail to understand why these financial institutions are given billions upon billions while they retain profit, while the poor who seem to be the on going victims of this recession are battling inflation, seen in not just African nations but "first world" nations.

I suppose the answer to this question is "thats capitalism".

Q
11th April 2008, 03:15
Now as many are aware there is an on going economic crisis within most of the "first world" and this is having long reaching affects to the "third world", food shortages etc.
Now in the UK and US which are established economic states, banks are pleading for money to help the through these "harsh times", now banks which are administers of capitalism they accepted capitalism through their methods of buisness but when the going gets tough and the trade cycle heads towards recession the banks who represent the interests of the rich are given huge loans to fill the gap in their losses.
I fail to understand why these financial institutions are given billions upon billions while they retain profit, while the poor who seem to be the on going victims of this recession are battling inflation, seen in not just African nations but "first world" nations.
thats capitalism

RHIZOMES
11th April 2008, 08:49
Now as many are aware there is an on going economic crisis within most of the "first world" and this is having long reaching affects to the "third world", food shortages etc.
Now in the UK and US which are established economic states, banks are pleading for money to help the through these "harsh times", now banks which are administers of capitalism they accepted capitalism through their methods of buisness but when the going gets tough and the trade cycle heads towards recession the banks who represent the interests of the rich are given huge loans to fill the gap in their losses.
I fail to understand why these financial institutions are given billions upon billions while they retain profit, while the poor who seem to be the on going victims of this recession are battling inflation, seen in not just African nations but "first world" nations.

I suppose the answer to this question is "thats capitalism".

Thats capitalism. Capitalism has shown NUMEROUS TIMES that capitalism with morality injected in it does not work. Cures for diseases cost shitloads since otherwise the makers won't be able to make a living, depriving millions of poor people from life saving medicine. Price controls do nothing but create a lot of waste and minimum wage means a lot of people will go unemployed since the capitalist refuses to give that much money to the workers (Who should have all the profit made from their labour anyway). Numerous examples of capitalism just generally fucking humanity up.