Is the capitalist system with its boom and bust collapsing, to be replaced by the socialist system...?

Question

Chineese style?

Some influencial writers, investors and economists, Soros etc., are saying we are about to see the worst depression in US, since1930.

Any one knows what Warren Buffet is saying?

Answer 1

Hopefully not. Forget those "influential" writers-they are just guessing like the rest of us. Consider that their writings are propaganda.Hence the influence part. If we all just keep on working, trying and not give up we will be fine. Panic and depression will just bring it on. If we vote Mccain we have a chance to pull our collective "fat" out of the fire.

Answer 2

The answer to your question is in a quotation of Dr. Singh on 'Society Business and Government', as below,

"Capitalist system, independent enterprise, private sector, free market system and the government control focused to ensure; honesty in business, preservation of labor rights, consumer and labor safety, quality control, measures against hoarding and price gouging, proper payment of taxes is the best system. This ensures the best management, competitive growth, innovation and success and survival of the fittest."

Hope this answers your question and helps.

Answer 3

The chinese don't think so.

Answer 4

maybe we need to take a lesson from canada.

Answer 5

Last I heard Warren he said "6 no trump".

BTW, the Chinese are running a capitalist economy, not a socialist one. That's why they're growing instead of sinking.

Answer 6

its not the system, the capitalist system on its own would function well but the gov't intervenes as it should and causes the capitalist system to be slightly flawed

Answer 7

Socialization of a capitalist system is what prompts the bust.