The giant of American Imperialism stands on the legs of capitalism, however the financial osteoporosis is likely to bring this giant to its knees sooner than the later.
Re: Is it true?
Even legs with osteoporosis can support a lot of weight if the bones are absolutely huge. Capitalism is too big to fall down.
Re: Is it true?
Bones with no Bone marrow would crush under the burden of "big brother's" responsibility, too big to fall, would fall like a house of cards when the domino effect starts, remember "capital" has no religion and businesses have no boundaries....
Re: Is it true?
I think your prognosis is probably flawed.
Osteoporosis is a degenerative disease, whereas the very nature of capitalism is regenerative, growth can not be sustained infinitely, as we do not have infinite resources, to curb that, a boom is bound to follow by a bust, with it regenerating again. In my opinion it is human nature and has been seen all through out history. (not a very accurate way of getting my point across either :P but I cba going too deep into it)
What goes up must come down...
I think your prognosis is probably flawed.
Osteoporosis is a degenerative disease, whereas the very nature of capitalism is regenerative, growth can not be sustained infinitely, as we do not have infinite resources, to curb that, a boom is bound to follow by a bust, with it regenerating again. In my opinion it is human nature and has been seen all through out history. (not a very accurate way of getting my point across either :P but I cba going too deep into it)
Good!
Re: Is it true?
the anology makes sense, but the way capitalism thrives is that it makes its weaknesses deflected onto some other healthy economy. so protecting other economies and cleaning the model of capitalistic economy is the call, here.
I think your prognosis is probably flawed.
Osteoporosis is a degenerative disease, whereas the very nature of capitalism is regenerative, growth can not be sustained infinitely, as we do not have infinite resources, to curb that, a boom is bound to follow by a bust, with it regenerating again. In my opinion it is human nature and has been seen all through out history. (not a very accurate way of getting my point across either :P but I cba going too deep into it)
Any statement that speaks about the specifics would always be flawed when judged again generalities; obverse side of this also holds ground because exceptions always prove the point.
With that said, rest of the lines in your post, in fact, proves my point. I didn’t speak about or by any mean predicting the imminent collapse of “capitalism” as a system, though the failure is inevitable yet not impending, there are more than many reasons for my belief that if the system doesn’t reinvigorate, eliminating the thriving factor of immense greed and acquisition , it is likely to fail world wide.
I agree that unchecked growth is unsustainable and that is why a boom is followed by a bust, yet paving a way for another boom, however a bust at US may result a boom at some place else.
Recent plunge of the banking sector is a cascading effect of unregulated sub prime mortgage practices, and we will be naive to believe that ripples will not spill over to credit card side of speculated money market. You may know that there are trillions of speculated dollars in credit card market, and you may also know that companies like VISA and MASTER CARD are not the supplier of the cash behind these speculated transactions, there are banks on behalf of which a businesses are offering commodities to the consumers, what if tomorrow it is reviled that 50% of this speculated money is unrecoverable, banks will quickly stop paying on behalf of busted consumers bringing down the whole enchilada of consumer based economy to its very foot print.
US economy is 100% consumer economy, capitalism will keep thriving as long as people have either real or even speculated buying power, however the systems runs on shoulders of financial institutions, most of which are feeling the heat and some failed to survive, FED is trying hard to bailout the big names leaving behind a big question, who will bail out the FED?
the anology makes sense, but the way capitalism thrives is that it makes its weaknesses deflected onto some other healthy economy. so protecting other economies and cleaning the model of capitalistic economy is the call, here.
I definitely agree, I didn't speak about capitalism in totality, only its conditions at US. My post was more about US imperialism , a phenomenon which is affiliated with a nation under certain geographical boundaries. Capitalism may reincarnate itself some place else, if fails at US, but it will not recreate same empire any where else.