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LIVE AT NOON: Is Capitalism Worth Saving?
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With the economic collapse last year, many mainstream voices suddenly started to talk about alternatives to capitalism. The economy seems to be stabilizing a bit, but as we've discussed many times, people are still suffering and jobless. Yet Citigroup is getting more tax breaks, and Ben Bernanke is Time's Man of the Year.
Can capitalism be saved, and is it worth saving? We're thinking big this Wednesday with Nicole Gelinas of the Manhattan Institute and Max Fraad Wolff of the New School.
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in a word, no…
we’re back to subsidized, monopoly-based, robber-baron capitalism, if we actually ever left it. the f word comes to mind (fascism) although it is unpopular of late…capitalism without heart has always ended this way. i would like to see more discussion of alternatives, as beating the dead horse of capitalism seems rather fruitless.
By eyesopen on December 16th, 2009 at 1:36 pm
No.
By zion on December 16th, 2009 at 1:48 pm
if we had free markets, the banks would be insolvent (read bankrupt). truth be told, the US and EU are insolvent…
By eyesopen on December 16th, 2009 at 1:48 pm
I agree. Have you seen emptywheel’s new post, Healthcare on the Road to Neo-Feudalism?
And, as in droite de seigneur, which gave lords the right to take a woman’s virginity on her wedding night, we’re still getting royally screwed.
By knowbuddhau on December 16th, 2009 at 2:13 pm
I am always right about these things even if it is accidental…the peasants will over throw capatilism if it does not become mega regulated, it’s true.
By i4u2bi on December 16th, 2009 at 2:28 pm
Capitalism is absolutely not worth saving.
By Mason on December 16th, 2009 at 2:32 pm
Might not have FireDogLake without that there capitalism, though.
By macaquerman on December 16th, 2009 at 5:39 pm
Yes,…for the time being,…
By HL2Dapper on December 16th, 2009 at 7:29 pm
“they are the only people who can change that…”
The people can’t change anything in this country.
Not with campaign finance regime we have, Buckley vs Valeo, and the only watchdog news 90% of people get comes from advertising sponsored commercial media run by controlling shareholders and BODs of 8 corporations.
Totally agreed “that is not what we have” but Manhattan Institute doesn’t get why that is not what we have. Ignoring that campaign finance and Buckley vs Valeo led to “25 years of bi-partisan policy” that caused this mess. Why would any oligarch like to preserve market discipline?
By AlbyFlugzeug on December 17th, 2009 at 3:04 pm