Why capitalism needs to be reset in 2020 | FT

[JamesBond007]

A book I seriously recommend is Ha Joon Chang's "Bad Samaritans", which explains that capitalism when combined with protectionism and significant State investment in research and infrastructure is what leads to long-term prosperity and innovation, not crude neoliberalism. The 'Bad Samaritans' being the (often downright hypocritical) promoters of neoliberalism.

Neoliberalism proved itself to be a failure during the 2008 economic crisis that is when the elites finally understood that mode of Capitalism is not immune from wild booms and busts anymore than previous modes.

[The Lawspeaker]

do you really believe that?

the idea that you must rely on the state to provide you progress is just...sad.

Or just as factual that there is sunshine and rain. The market alone is short-sighted and doesn't innovate.

[Zuh]

Is my opinion worth Lawspeaker? Well here it is I think many things need to be consider considering the fact we have been taught incorrectly all time one of the things the average adult person doesn't realise is that society teaches you from birth to be an employee and not an employer .

A college degree is worthless when it comes to see your real skills I've met many entrepreneurs and guess what? Majority of them were college dropouts I myself had been running an online store and finally got out myself from slavery no more 9-5 jobs i can finally say im glad to be alive!

[The Lawspeaker]

Is my opinion worth Lawspeaker? Well here it is I think many things need to be consider considering the fact we have been taught incorrectly all time one of the things the average adult person doesn't realise is that society teaches you from birth to be an employee and not an employer .

A college degree is worthless when it comes to see your real skills I've met many entrepreneurs and guess what? Majority of them were college dropouts I myself had been running an online store and finally got myself from slavery no more 9-5 jobs i can finally say im glad to be alive!

Everyone can be an employee and a super banker-- until they need the taxpayer to bail them out. As we have seen in 2008. I am an old fucker, 36, but I used to think like you do that most people could start their own business but the disgusting greed shown by these people both before 2008 and after 2008 (when they hang on the taxpayer's tits like pigs to a troth), made me understand that most are incapable of it. Like you, I would have liked to see more private ownership but I don't think that most people are capable businessmen at all since they only care about profits in the here and now. But I also agree with you that most degrees are utterly worthless.

[Zuh]

Everyone can be an employee and a super banker-- until they need the taxpayer to bail them out. As we have seen in 2008. I am an old fucker, 36, but I used to think like you do that most people could start their own business but the disgusting greed shown by these people both before 2008 and after 2008 (when they hang on the taxpayer's tits like pigs to a troth), made me understand that most are incapable of it. Like you, I would have liked to see more private ownership but I don't think that most people are capable businessmen at all since they only care about profits in the here and now. But I also agree with you that most degrees are utterly worthless.

Well like Benjamin's Franklin once said there's two things you will never get away with Taxes and Death.

[The Lawspeaker]

Well like Benjamin's Franklin once said there's two things you will never get away with Taxes and Death.

That seems to be the case, yes. Then I'd rather see that money go to good infrastructure and people who really need the financial assistance (the poor, the handicapped etc.) of the State than to some wa..err sorry banker who screwed over his customers for a couple of billion and then had to be bailed out for the same.

[catgeorge]

If knowledge was the mantra instead of finance (semitic) we would have colonized five planets by now.