On 5 May 2014 07:38, Telmo Menezes <[email protected]> wrote: > Yes, and this already happened. I would add that capitalism is not > catching up with anything because it doesn't even exist at the moment. The > money supply itself is not under the control of the market, so the system > is non-capitalist at its core. Bitcoin is an attempt at real capitalism, it > remains to be seen if it can survive. >
This is true, however real capitalism - free market capitalism - doesn't work because it doesn't pay the full (i.e. environmental) price of production. At least it hasn't to date, which means so far it's just been a bubble / ponzi scheme. A system that paid fair wages and the full costs of production, and had a free market and a government limited to providing infrastructure could be called successful capitalism (or it could equally be called successful communism) but we don't have it yet, and until we do we can't claim that we've *ever* had a system that works. Hence my earlier comments about (what we've been calling) capitalism heading towards the greatest death toll of all, unless we sort out the encironmental aspects p.d.q. -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
