How would you explain to someone that a recession or stock market crash is not the failure of capitalism?
October 31st, 2008 | by Michael |
water_skipper asked:
How would you explain to someone that a recession or stock market crash is not the failure of capitalism? With the stock market crashing in the past couple of months, unemployment soaring, and the Big 3 automakers on the verge of bankruptcy I’ve heard more than one person comment that it’s all proof that capitalism is outdated or never worked very well. How would you explain to them that capitalism does work?
DARREN
How would you explain to someone that a recession or stock market crash is not the failure of capitalism? With the stock market crashing in the past couple of months, unemployment soaring, and the Big 3 automakers on the verge of bankruptcy I’ve heard more than one person comment that it’s all proof that capitalism is outdated or never worked very well. How would you explain to them that capitalism does work?
DARREN
2 Responses to “How would you explain to someone that a recession or stock market crash is not the failure of capitalism?”
By Pogo Possum on Nov 2, 2008 | Reply
why bother? they are stupid and don’t contribute to society so they don’t need to know and wouldn’t understand if you did try to explain.
By billaryrclinton on Nov 5, 2008 | Reply
Yeah, but when did the economy officially transition from recession to royal fustercluck