Post
Topic
Board Economics
Re: America's new debt ceiling - $19,600,000,000,000
by
uki
on 02/11/2015, 00:20:12 UTC
Let me disagree on these last sentences.
Not sure which evil is worse, but the powers that run the current capitalist-based system (banksters) do not do it for charity. It is actually because of their greed that the fiat based Keynesian system will break so fast.

The current system is not capitalist, its a corporatocracy, where powers concentrated in a few hands (non competitive) due to printed money.

Capitalism is based on competition, not on printed money monopolies.
sure, agree. but for the same reason we don't have capitalism in pure form, we didn't/don't have socialism in pure one either. That is why the distribution of the money fails.