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Q.

''capitalism carries its own seeds of destruction"-MARX said, your comments.

Asked by venkatesaldevarajan, 21 Dec '08 06:27 am
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Answers (5)

1.

It is true that allowing major big auto makers to collapse will be biggest blunder and will surely cause a lot of direct and indirect unemployment in America in addition to far reaching repercussion and adverse impact on the economy of not only the America but also the rest of the world too.

As such Government of America is rightly providing bailout package to such companies and banks to maintain health of overall financial system. American government is slowly buying equity of the company or extending loan at lower rate and on long term basis.
In disguise one can say that America is nationalizing banks and companies suffering from liquidity crisis but not directly blaming privatization, globalization and extension of abnormal freedom to business giants.

Time has however now come to ascertain the importance of restriction and regulation of free market, nationalization of certain core sector in preference to leaving the same to whims of private entrepreneurs and take immediatel ...more
Answered by Danendra Jain, 21 Dec '08 06:39 am

 
  
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2.

But there is no real communism in the world either! If we observe the communist countries, they are now encouraging private industries and inviting International investments. It is one kind of RED CAPITALISM! You can seen cars of all International make in China now!
Answered by varadarajulu a, 27 Dec '08 11:21 am

 
  
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3.

Looking at modern India is a good example.

And one thing about capitalistic societies especially in heterogenous environments like India is that capitalism breeds extremes- in wealth & resources- so that allows some ppl to buy wifey an airplane, whereas others are left high & dry not even able to afford 2 square meals a day.

That leaves the locale very prone to terrorism. TErrorism, ethnic violence, communal strife- are characteristics only found in capitalist countries. Not a SINGLE Socialist country had those traits.

Capitalism is OK, as per how Adam Smith defined it- but it has 3000% more assumptions than Socialism. Marx's only pre-conceived assumption is that people can be made egalitarian. Capitalism on the other hands assumes:

1. Perfect information- every consumer is informed of every seller and every aspect of the product sold - and that sellers would give 100% factual info to consumers.
2. PERFECT COMPETITION- no seller has any more levereage than the ...more
Answered by A Moin, 21 Dec '08 04:36 pm

 
  
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4.

There is nothing like fixed capitalism nor a fixed marxism or for that matter any other isms, a theory to be found every day according to the need of the hour!
Answered by dinkar shetty, 21 Dec '08 06:54 am

 
  
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5.

Yes, that is what we see in our counry. Rich is becoming richer and richer. Tatas and Ambanis are buying lands upto Kanyakumari. A day will come when the land in the wole country will be owned by a few people like them.
Answered by sankaran subbiah, 21 Dec '08 06:40 am

 
  
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