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Behind The Rhetoric Even Osbourne Knows 'capitalism' Has Failed...

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Hence why he's turned to socialist and de facto communist states to keep Thatcher's Britain's lights on.

China and who else? Russia?

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China and who else? Russia?

France, probably.

I dont see how capitalism has ever existed or been allowed to exist in private spheres. The planning permissions and other violations of property rights with regard to nuclear and power are so vast no free market can operate.

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Hence why he's turned to socialist and de facto communist states to keep Thatcher's Britain's lights on.

China and who else? Russia?

Common misunderstanding nowadays as far as Russia is concerned. Soviet Union was a socialist state, but Russia is no more than a criminal feudal state similar to itself of Ivan the Terrible time.

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France, probably.

I dont see how capitalism has ever existed or been allowed to exist in private spheres. The planning permissions and other violations of property rights with regard to nuclear and power are so vast no free market can operate.

Capitalism requires SOME laws and infrastructure to operate, aka it depends ona judicious government interference

So on that basis, same as with socialism, anytime you get are too a pure capitalist system it ends up self destructing

For what its worth I believe we need a mixed system (which is what we have) with no more than 50% socialism and no more than 75% capitalism

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France, probably.

I dont see how capitalism has ever existed or been allowed to exist in private spheres. The planning permissions and other violations of property rights with regard to nuclear and power are so vast no free market can operate.

Is our govt courting trade with France?

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How can capitalism have failed when we haven't had it in this country (or in the US) for a very, very ,very long time?

My first reaction to seeing the tread title. Perhaps Osbourne know corporatism has failed would be more accurate?

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My first reaction to seeing the tread title. Perhaps Osbourne know corporatism has failed would be more accurate?

Hence 'Capitalism' in inverted commas. Osbourne and co wouldn't know what proper capitalism was if it shat on their faces.

The fact is Thatcherism has failed to provide/fund the necessary energy infrastructure investment (which privatisation promised) for the UK. Crony capitalism has utterly utterly failed, and now we have to resort to Socialist France and the Chinese for our future energy security. However this won't stop Ozzy and DavCAM selling off what little is left to their corporate bum chums.

At least we're no longer the sick man of Europe.... but the world too.

As for Thatcher:

The ghost of Thatcher in the house of wonks

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Capitalism was about to apply its medicine, (the house price crash). But the elite made such stupid investments they've decided to suspend capitalism instead.

The rich don't lose money, they rig the system, even if it means forcing the poor to be canon fodder in WW1 trenches.

Edited by SleepyDog

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