Never under estimate he power of denial. As capitalism runs into
another impasse with all the attending conditions identified by Marx,
<snip>
MJ
Capitalism cannot possibly be "running into another impasse"
as capitalism is NOT the economic system you are continually
attempting to review.
As already noted, capitalism is an economic system devoid of
government intervention (read: private). The US has its own
variant of socialism -- most closely fascism (just as Hitler,
Mussolini, Lenin, etc.). Almost ALL other Nations of the World
similarly employ their OWN variant of socialism.
Frank
So you keep saying, a voice in the wilderness.
Murray Rothbard, should take some of his own advice, the unfolding of
events are all the evidence I need
This is a pointless exercise. You can only lead a horse to
water.....................
MJ
I find it curious that you provide nothing substantive ... you offer
no refutation of the words, concepts nor ideas presented ...
One would think you would DEFINE the terms you attempt to
use (when requested). Support your claims. Of course that
would expose your fraudulent efforts ....
So here we are discussing a single Bus accident along the
Government regulated road way while you INSIST it is merely
another example of how cars are unsafe at any speed.
The SAME holds true for the Socialist policy failure resulting
from Government intervening and FORCING businesses to
loan money where they otherwise would not ... guaranteeing
that their GSE would BUY those loans ... with the Government's
central bank creating the means out of thin air ... yet Frank
wants to INSIST that this is a failure of a system which, by
definition, is DEVOID of these Government interventions.
<sigh>
I don't blame him ... I would probably use the same approach
were it necessary to maintain my pleasing vision in the face of
reality.
Regard$,
--MJ
A state of skepticism and suspense may amuse a few inquisitive
minds. But the practice of superstition is so congenial to the
multitude that, if they are forcibly awakened, they still regret
the loss of their pleasing vision.
-- Edward Gibbon, _Decline and Fall of the Roman Empire_
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