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Crises Of Capitalism

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Interesting perspective of US home ownership. Promoted explicitly in 1930's and since because "Debt incumbent homeowners don't go on strike".

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Very interesting.

Though as ever the gripe is not with "capitalism" so much as with "corporatism" which is the current system we run.

In the end though we should have let the banks and the financiers go bankrupt. Pity the Govt didn't have the balls to do that.

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Guest absolutezero
]

Message to all the right-wing, Tory-voting, anti-union, anti-public sector nutters on here.

Watch that.

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All is panning out just as marx predicted it would...destroying itself ;);)

yes but marx can hardly talk, its not as if communistic nations dont destroy themselves.

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Very interesting.

Though as ever the gripe is not with "capitalism" so much as with "corporatism" which is the current system we run.

How do you stop capitalism developing into corporatism?

At a certain point, the people who have been lucky enough to accumulate the capital, will divert it's use to consolidating their position rather than accept the continued risk to their position that they face from competitors in a free market system. Eventually it collapses, and the whole process starts over again.

Edited by Britney's Piers

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Guest Steve Cook

Very interesting.

Though as ever the gripe is not with "capitalism" so much as with "corporatism" which is the current system we run.

In the end though we should have let the banks and the financiers go bankrupt. Pity the Govt didn't have the balls to do that.

There is no such thing as "Capitalism"

There is no such thing as "Socialism"

There is no such thing as the "Word of God"

There is no such thing as the "Divinity of Kings"

There is and only ever was, those who rule and the rest of us

Everything else is just bullsh*t used to justify the above.

"It's because God says so"

"It's because God made me the boss"

"It's all in the name of the workers"

"It's the free market wot done it"

Different arseholes, same bullsh*t

Same as it ever was

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So, with a capitalist crisis, a lot of people lose their jobs and are miserable. In an extreme case - e.g. 1930s US - some of them don't get enough food to eat, some small number possibly starve. This is bad for sure. Now, with a socialist crisis on the other hand, millions starve to death and millions others end up in concentration camps (or dead for complaining about it). I think I'll take the capitalist crisis thanks.

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Guest Steve Cook

So, with a capitalist crisis, a lot of people lose their jobs and are miserable. In an extreme case - e.g. 1930s US - some of them don't get enough food to eat, some small number possibly starve. This is bad for sure. Now, with a socialist crisis on the other hand, millions starve to death and millions others end up in concentration camps (or dead for complaining about it). I think I'll take the capitalist crisis thanks.

When capitalism is doing well, millions starve and live under conditions of virtual slavery in order that such a system can work. It's just that they tend to have darker skin than we do and live a long way away, so we don't have think about them.

In any event, as I was saying "capitalism" is just another label for the same old sh*t. There is no such thing as capitalism.

Edited by Steve Cook

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Crises Of Capitalism.

I would rate him the Tracey Emmins ( who thinks she is a artist and can`t believe how she gets away conning the proletariat )of Economics, the mind boggles at these people trying to make a name for themselves. :rolleyes:

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yes but marx can hardly talk, its not as if communistic nations dont destroy themselves.

Capitalism USA 1 v Communism USSR 0

Edited by Zngland

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Interesting perspective of US home ownership. Promoted explicitly in 1930's and since because "Debt incumbent homeowners don't go on strike".

Think student loans.

They don't have mortgages in their 20s any longer, but their loans have a similar effect until they do.

You will be a good little economic unit and keep feeding the banksters.

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Capitalism USA 1 v Communism USSR 0

It's amazing what you can do if you have a big war (WW2) and one side doesn't get bombed and ends up an industrial super and the other one get bombed into dust.

After the war everything is so unbalanced that the side turned to dust wont be able to compete with the side that wasn't bombed. Especially if the side that was turned to dust also owes the other side debts from the war.

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Guest UK Debt Slave

Interesting perspective of US home ownership. Promoted explicitly in 1930's and since because "Debt incumbent homeowners don't go on strike".

Surely, that is the whole point of debt based money.

Debt is a much cleaner and more efficient way to instill fear in the people than war...........and still hugely profitable for the banksters

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It's amazing what you can do if you have a big war (WW2) and one side doesn't get bombed and ends up an industrial super and the other one get bombed into dust.

After the war everything is so unbalanced that the side turned to dust wont be able to compete with the side that wasn't bombed. Especially if the side that was turned to dust also owes the other side debts from the war.

Germany and the UK were in a similar state after WWII. I think that Germany has done better than the USA since WWII while we have done worse.

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]

Now, that is my area. The speaker (a geographer) makes two crucial mistakes:

1st: The current crisis IS a market correction, despite and against governments interferences in the past (inflating the bubble with monetary policies too loose) and current attempts to stop it bursting (idem). Nobody ever said that market corrections are smooth, caring things. But at least they correct the market. Unlike in North Korea.

2nd: Marxist prediction of the end of capitalism is only for after capitalism develops the entire globe: "The bourgeoisie, by the rapid improvement of all instruments of production, by the immensely facilitated means of communication, draws all, even the most barbarian, nations into civilisation." ("Manifesto of the Communist Party, Chapter I. Bourgeois and Proletarians, http://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch01.htm#007)

( Absurdly rude and disgusting language Karl, even for the XIX century. :angry: ) Anyway, we still have to develop South-East Asia, Africa, and Central Asia. It will take a century for that.

I would appreciate if geographers could refrain from trying to lecture on Global Political Economy and/or Political Philosophy. Of course he/they/anybody can have an opinion, as any citizen/subject can, but not pose as a "specialist", when he is not.

Like Professor Blanchflower, a qualified teacher, posing as an Economist.

Proper qualifications people! For goodness sake!

.

Edited by Tired of Waiting

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There is no such thing as "Capitalism"

There is no such thing as "Socialism"

There is no such thing as the "Word of God"

There is no such thing as the "Divinity of Kings"

There is and only ever was, those who rule and the rest of us

Everything else is just bullsh*t used to justify the above.

"It's because God says so"

"It's because God made me the boss"

"It's all in the name of the workers"

"It's the free market wot done it"

Different arseholes, same bullsh*t

Same as it ever was

Confidence Crisis?

eCC(KK)lesia

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How does geography not include analysis of the structure of society?

What are your qualifications? I somewhat doubt they trump Harvey who is a highly regarded academic.

I don't think much of the supposed "errors" you identify in his analysis.

Now, that is my area. The speaker (a geographer) makes two crucial mistakes:

1st: The current crisis IS a market correction, despite and against governments interferences in the past (inflating the bubble with monetary policies too loose) and current attempts to stop it bursting (idem). Nobody ever said that market corrections are smooth, caring things. But at least they correct the market. Unlike in North Korea.

2nd: Marxist prediction of the end of capitalism is only for after capitalism develops the entire globe: "The bourgeoisie, by the rapid improvement of all instruments of production, by the immensely facilitated means of communication, draws all, even the most barbarian, nations into civilisation." ("Manifesto of the Communist Party, Chapter I. Bourgeois and Proletarians, http://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch01.htm#007)

( Absurdly rude and disgusting language Karl, even for the XIX century. :angry: ) Anyway, we still have to develop South-East Asia, Africa, and Central Asia. It will take a century for that.

I would appreciate if geographers could refrain from trying to lecture on Global Political Economy and/or Political Philosophy. Of course he/they/anybody can have an opinion, as any citizen/subject can, but not pose as a "specialist", when he is not.

Like Professor Blanchflower, a qualified teacher, posing as an Economist.

Proper qualifications people! For goodness sake!

.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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