- UK Dark Wolf360
- |
- Noble Heroic Member
Posted by: Silent Midnight
Posted by: UK Dark Wolf360
Do you think that capitalism works well as an economic system?
Yes.
That may be a problem - you see, the sheer amount of debt defaults, bank crashes, financial crises and ever increasing deficit and debt mountains imply that capitalism just isn't working; like every other economic system that has been tried before it.
When we have a useless area of economics/banking called "derivatives" which is "worth" in excess of $700tn (far larger than the actual global economy) then we know that something has gone terribly wrong - if the derivatives market were to spectacularly crash, then, well, the global economy would be effed.