Open Thread

April 25th, 2009 10:37 AM

For general discussion and debate. Possible talking point: capitalism threatens life on the planet!

Capitalism is leading humanity and the planet to extinction. What we are experiencing is a global economic crisis of a systemic and structural nature, not another cyclic crisis. Those who think that with a taxpayer money injection and some regulatory measures this crisis will end are wrong. The financial system is in crisis because it trades bonds with six times the real value of the assets and services produced and rendered in the world, this is not a “system regulation failure”, but a integrating part of the capitalist system that speculates with all assets and values with a view to obtain the maximum profit possible.

This would be funny if it was only the sentiments of extremist totalitarian dictators in Latin America and not opinions shared by most Democrats as well as the current resident of the White House.