Although I am not economic expert but Economics always remain my subject. When I look at world economies, almost all countries are in debt.The biggest capitalist economy is the biggest debt economy.\n\nI need comments from economic experts on this subject whether Capitalism has failed to solve economic problem of humanity and do we need new economic system?
121075
Since 17th century capitalism is the world s  best economical structure.\nLook at communism ,anarchism or socialism..all these beautiful ideologies r just utopic and destroyed real giants(-Russia).
617662
You use money to buy goods and meet your every day needs, but it's just paper. Why do you accept supposedly worthless paper?\n\nNo, understanding the economy  was always equally important. Time does not change that. Farmers in a agrarian economy ( 200 years back ) need to understand deman and supply so that they know what stuff they plant gives them maximum returns. That hasn't changed now has it?
115616
It sure as hell isn't the supply economics that is in place now. Just look at the deficet and debt to see any success if false success. We are at war and alot of people are out of work. Don't make any sense until you see the policys of George Bush.
339041
interesting answers.......i believe that capitalism runs by the dollar bill,there will always be the have and have nots of this kind of system,simple because one needs the other to survive,the biggest advantage is the random success that capitalism can produce,the biggest disadvanthge is the different classes of people that it produces in order for it to function,so i guess one just has to do the best they can.........
218119
On the other hand, having a little bit of national debt can be a good thing, because it allows the treasury to sell bonds on the debt, which is an important tool for monetary policy and allows the government to mitigate inflation.\n\nLots of debt is definitely a problem, though.  My theory on why people don't understand things like this (or act like they do) comes down to a combination of laziness, stupidity, and selfishness -- the unholy trinity of human failure.
403374
You bring up a good point.\n\nAs I began to educate myself concerning 20th century USA history, a compelling question leaped out at me, '..since all the wars evolved around stopping the spread of communism, WHY or HOW did communism threaten our way of life or our capitalist structure?"\n\nI mean seriously... our leaders felt so threatened by the spread of communism that they literally went to war REPEATEDLY and sacrificed American lives to stop it. Why? If communism is so bad and capitalism is so grand then what is the threat? Wouldn't the ppl themselves reject it?\n\nI honestly think the answer to that question is that when ppl truly do understand the fairness and equality of communism they tend to choose that over the class system of capitalism... that is what we feared. That is my opinion.\n\nBtw, your 80s data is a little off. We didn't have an encounter with Iran in the 80s. There was the Iran/Contra scandal in 1979 but that didn't result in military action. Gulf War 1, involving Iraq, was in 1989.
192245
The Great Depression of the late 20's and 30's was felt in all western industrialised nations. Nations that were mainly agrarian (based on agriculture) were little affected by it. Here, in Australia, (I'm guessing that you are in the USA) we had most of the workforce unemployed, businesses bankrupt, starvation and poverty rampant - as did all industrialised countries. Now that governments realise that it isn't all that important to balance the budget, they can start to spend, reduce tax or reduce interest rates (use methods to stimulate spending) if they see the economy heading down. These tools stimulate spending and give the economy a boost.heading that way.
281409
Show me the $$$MONEY$$$--it's the Amerrcan way of life.  Capitalism, privatizashun, an free enterprize.  If you don't like it, move to some commie country.
270702
You're absolutely right.  We can't afford protracted wars when we owe other countries trillions (espeically Japan, China and Germany).\n\nStagnation with inflation (called "stagflation") and high unemployment is the BEST and "softest" landing I can think of.  The economic future of the USA is risky at best and bleak at worst.
607287
what? these responses are killing me. Love the question though. It takes balls to ask a question like that. \n\nCapitalism isn't evil or wrong on its face; it's the implementation of it that is the problem. The same can be said of any socio-economic construct. We humans have quite a knack for screwing things up and introducing corruption and greed to any system. \n\nCapitalism can be a great motivator, and is the reason our Country has been so successful for generations. But it's gone too far. Greed is the primary indicator of Capitalism these days. From Enron to Union labor to Political lobbying "scandals." We no longer live in a democracy. Our governmental system has been co-opted by Capitalism entirely. Think I'm wrong? Try to run for a National Political Office. I rest my case. That is, unless, dear reader, you are born of privilege, attended the right schools, and are a member of the right organizations (read skull and bones, etc.). In that case, you're a shoe-in for president. Even if you're not one of the chosen and you've worked your way up the ranks from City Council to U.S. Representative, you're doomed to live in Corporation X's pocket, or be damned. Example? Jim Trafficant. Look him up. He wouldn't play ball. "They" kicked him out of the game. game over.\n\nCapitalism won't last forever. My only fear is, what will replace it?\n\n[edit] whoa! ChinaJon!!! i think you just made a few great arguments why Capitalism is awful! It looks great on paper, Capital for growth, etc., but you said it yourself towards the end. Ipods. Why do you think they're made in China? It's not just that it's profitable. It's that it's MORE profitable. Capitalism creates a "race to the bottom." i.e. wherever the lowest front end costs are is where the economic development goes. Used to be Mexico, now China, then Indonesia, and so on. The Golden Age of Capitalism was the U.S. in the 1950's. It was mostly a closed market, and it worked. It was self sustaining because it didn't have to play on the global playing field and compete with much LOWER standards of living in other countries. Less profits, which became unacceptable to the Corporations. They looked for ways to maximize profits, and here we are. \n\nAmerica is not the shining example of prosperity it once was. We have no real middle class any more and it's only getting worse. The class gap is frightening. And we pass more tax cuts for the rich. GO CAPITALISM GO!\n\nmorons.
204175
Capitalism is an other word for greed. Communism is about sharing, neither work very well in its entirety. However some socialism in a mix with capitalism would work if you could get the capitalist to see that it would restore order to a chaotic society.
566830
Barter wouldn't work for long because certain goods or services would be in higher demand. The people with those goods or services would end up with all the power, exactly like the people who have the money have the power today. \n\nAlternately, providing the necessities (housing, food, education) in exchange for working is too close to socialism or communism. While this idea works very well on a small scale, it's easily corrupted when implemented on a larger scale. Many communist or socialist societies have ended up with a leader and small, elite population who live in luxury while the rest of the nation is living in squallor.\n\nFinally, in capitalist societies like we have today, working folks do get a certificate to buy what they need--- a dollar bill!  So simply removing the currency itself will not change the fact that some people have a lot while others have very little.
225871
I think you are talking about Economic System of Canada. Well Canada is neither Communism nor Capitalism. Canada is socialism economic. I want to suggest you research about three economic system at Wikipedia.
485450
Oh so much, not the least of which is the dangers capitalism poses to the future of our society. We need a world that works together, one that takes care of all and allows more people to better themselves so that any real survival of the fittest truly is survival of the fittest, not just those that are lucky, born into power or wealthy. \nI could go on all day, but just to sum up: we need democratic socialism.
603988
Given the situation, there's a high chance that America could fall into an economic depression. Looking at it now, it seems almost impossible to pay off the debt. I believe that America will collapse if it suffers from severe depression and attacked from numerous outside forces. But then again, America's suffered two depressions and it managed to survive, so we'll see.
157460
Hi!\nAmerica world's biggest economy today would continue to be big for many years. However, what may be particularly interesting that it may not remain there forever.\nLets look at the BRICs report, published by Goldman Sachs... http://www.gs.com/insight/research/reports/99.pdf\nI guess that kind of gives you an insight of the economies of the future; wherein China and India look promising. China, as a matter of fact is said to displace US in less than 50 years. \nA Giant like the US cannot become a part of a fleet of mice... So the way I look at it; US would continue to be a (mark the difference, "a" and not "the") dominating economy; but would have some good company of friends coming in from Asia!\nHope it makes sense to ya! :)\n\nEurope and Japan don't look very promising in long term... Their populations are aging fast which isn't a great sign for the next many decades.
214082
I don't think capitalism is the problem exactly. We could still have capitalism and provide the necessary social services for our countrymen/women if that's what we wanted.\n\nBasically, it's Protestant Work Ethic run amok. Everyone has the illusion that work makes you moral, so when someone can't find a work or is disabled, that can only be because they are a bad person and deserve what they get. Christians in the US have lost sight of the compassion they are supposed to espouse in favor of a work philosophy that lets them pat themselves on the back more easily. It's their reluctance to provide help to those they deem unworthy or immoral that has led to this predicament.\n\nReligion, not money, is the root of this evil.