The Big Failing of "Capitalism That Thought It Was Rich Enough To Afford Some Communism" is happening.
Unfunded pension guarantees? Governments ordering banks to make loans they can't afford? The failure of government corporations like Fannie Mae and Freddie Mac due to being disconnected from the market? Massive nationalization of debt in response to the crisis?
Very little of this crisis is "capitalism" in any sense of the term. Government meddling is present in every aspect. Nay, _massive_ government meddling.
There are simply too many bad (really bad) things growing exponentially in our current times.
(Nobody wants to hear it, but it will come: we all will be poor within the next few years. That is, the small world-wide percentage of still-rich-ones will all go away...)
So, the whole planet will have a 'reboot', and since a reboot starts from 0, there will be an exponential growth of wealth for everybody!
The Big Failing of "Capitalism That Thought It Was Rich Enough To Afford Some Communism" is happening.
Unfunded pension guarantees? Governments ordering banks to make loans they can't afford? The failure of government corporations like Fannie Mae and Freddie Mac due to being disconnected from the market? Massive nationalization of debt in response to the crisis?
Very little of this crisis is "capitalism" in any sense of the term. Government meddling is present in every aspect. Nay, _massive_ government meddling.