Has capitalism failed?

[PrincessBurco]

Guys lets discuss..

[Shirib]

Not completely but its heading there.

[Shirib]

Bretton Woods is also failing. Id give it 10 years before it fails or its replaced.

Shirib told u first

[PrincessBurco]

I wouldn't be too surprised if it does considering everything thats happened in the last decade.

[GacanSareeye]

it will not fail as long as people live and eat. you have to understand capitalism is based on the idea of market driven economies and the desire of consumers paying the least and producers charging the most, but the underlying concept is the needs of the people matched by the suppliers of the market. it also depends on what you are comparing it to or how you measure capitalism if it is the greed and enormous growth and intrusion by Big business in recent days, plus the collapses/bankruptcies, then you are looking at a limited data to make a broad generalization (that someone dies today does not mean people will vanish). capitalism is tested, and it works. if you think people would simply grow their own food and not have other needs, then we will just have to take off our clothes and hone our spears, and move back about couple of centuries into the past