No smilies, no avatars, no flashing gifs. Just discuss the issues of the day, from last night's telly via football to science or philosophy.
Started by uranrising on Mar 16, 2020 7:13:00 AM
End of Capitalism

Have we finally reached the endgame?

Is the current evolving crisis striking at the underlying principles?

Muse away.

CarlosFandango - 16 Mar 2020 07:43:57 (#1 of 874)

Muse are OK, I suppose. More than a bit up their own arse, though.

dottie30 - 16 Mar 2020 07:45:25 (#2 of 874)

Have we finally reached the endgame?

Not on your nelly.

Rich pickings at the moment for private equity and hedge funds.

Arjuna - 16 Mar 2020 07:52:20 (#3 of 874)

Great news!

what is next?

Arjuna - 16 Mar 2020 07:54:12 (#4 of 874)

I must uave mossed it on the news, did Corbyn storm into the stock exchange and tell them all to clear off?

TRaney - 16 Mar 2020 07:54:14 (#5 of 874)

Is this the new nuts and berries thread?

Arjuna - 16 Mar 2020 07:55:24 (#6 of 874)

I guess with the Coronavirus, even the end of capitalism is resigned to the end of the news alongside cats stuck in trees.

uranrising - 16 Mar 2020 07:58:36 (#7 of 874)

It's a pity that iconoclasts in economics always sound like lumbering nutcases.

TRaney - 13 Sep 2019 :-)

HerrWalrus - 16 Mar 2020 08:00:26 (#8 of 874)

House prices to plummet if the population is culled. Hope your property investments are ok Uran.

uranrising - 16 Mar 2020 08:03:16 (#9 of 874)

Thank goodness our socio-economic system isn't all about me, sir.

uranrising - 16 Mar 2020 08:07:07 (#10 of 874)

Now all that's left is to discuss whether or not the current evolving crisis is striking at the underlying principles of Capitalism?

Which seems to involve considering closely the moves being made around the world today and today and today.

Tomorrow will do.

dottie30 - 16 Mar 2020 08:14:34 (#11 of 874)

Now all that's left is to discuss whether or not the current evolving crisis is striking at the underlying principles of Capitalism?

It's not.

If the Depression didn't kill capitalism, a virus won't. Even China, a 'communist' country is already bouncing back.

SharkPatoo - 16 Mar 2020 08:18:32 (#12 of 874)

If Branson keeps asking for free money I suggest we eat the fucker.

Ginmonkey - 16 Mar 2020 08:31:04 (#13 of 874)

Why would capitalism collapse? We still need to buy and sell things.

There might be more temporary restrictions on the free market and changes in services.

Also is the collapse of capitalism desirable, do people fancy moving to a totally managed economy?

browserbutton - 16 Mar 2020 08:35:34 (#14 of 874)

The markets will prevail: Greed and Fear, Rees-Mogg, etc.

RosyLovelady - 16 Mar 2020 08:36:09 (#15 of 874)

The economy is already managed in favour of the ready-rich.

uranrising - 16 Mar 2020 08:37:44 (#16 of 874)

The question I asked isn't Will capitalism collapse?

dreams99 - 16 Mar 2020 08:40:52 (#17 of 874)

There's not going to be a collapse of capitalism, but there may be some fundamental reoorganisation of how society and government is structured, particularly in the US. The movement towards healthcare reform, already supported by a majority, will become unstoppable.

The people who will suffer, as ever, will be those already most disadvantaged. In the short term, there will be lots of company failures and redundancies, but also people whose work depends on going out to a location, including cleaners, restaurant workers, and those in retail, may all lose income or jobs. This will be tough, and governments will have to act to protect them.

Whole sectors will be devastated - airlines, travel companies, restaurants and hospitality, sporting venues and sports clubs. Even just 3 months of a lockdown will be too much for them.

But the question is what will we look like afterwards? Much the same, but poorer, with probably less confidence in our government - what a time to have the worst Prime Minister in history (and the worst President in the US) The rich will still have money (although the value of their equities will be hit) The poor will be worse off, and we'll have austerity again, for another decade.

kvelertak - 16 Mar 2020 08:44:08 (#18 of 874)

Capitalism will adjust just enough to survive, it's the perpetual revolution that eats its children, which explains why so many free marketeer policy wonks are former Trots. Spiked and the RCP also come to mind.

angelico - 16 Mar 2020 08:45:28 (#19 of 874)

Maybe we will see the decline of greed a little.

But probably only the decline of visible greed.

kvelertak - 16 Mar 2020 08:48:58 (#20 of 874)

I doubt it, we the masses are addicted to the spectacle. MSM and advertising cater for and pander to the appetite for this opiate, it's their business model.

Check Subscriptions
Home » UK News