07-15-2015, 11:45 PM
(07-15-2015, 10:56 PM)ScottK Wrote: I very strongly disagree that the current system is capitalism. Some better descriptive words would be Cronyism, Corporatism, Fascism. There's very little innovation going on in the world because large corporations destroy innovation if it threatens their bottom line, and the regulators are captured and bought and paid for..
When the financial system crashes in the near term, I would expect that all the existing economic structures will go away since there won't be any money to support them as they all run on massive deficit spending. Non-centrally planned Capitalism will be the only thing left out of necessity, as nothing else can work. People who can figure out how to build a better mousetrap will be very important, and making sure those folks are incentivized for that innovation is very important.
Cronyism is basically a good mixture of democracy and capitalism. And, yes, that is what we have here in the Western world. Corporatism is exactly capitalism. Fascism is a much misunderstood term. It takes years of sincere seeking, for the average person, to find out what fascism really is. Once you've understood it, your eyes will have truly been opened. Needless to say, what we have here is not fascism.
Your system of boundless innovation, you probably won't want to accept it, but it's what they have in China. There is so much innovation there that there is complete disregard for the environment there.
I really do think that unlocking the way this world works, politically and economically, takes the willingness to seek after it as for gold. You don't really have to be a genius, but you do have to be open to the possibilities. The reality of it is fascinating if not mind-boggling. It also takes ninja google searches.
