Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Was Perfect...............And Then Came The Utopians!
by
Impaler
on 15/11/2013, 05:30:35 UTC
I'm sick and tired of people talking about how great Capitalism is when you don't have a clue what it IS.

Capitalism is an economic system based on borrowing money from BANKS at INTEREST to finance investment activity, and more recently consumer spending.  THAT IS ALL

It is NOT Entrepreneurship
It is NOT Free-Markets
It is NOT Industrialism

Yes in America we have all four and people have mashed all of them together in their minds into a kind of Monolith which is above reproach.  But if you dice it out, you'll see that the benefits have all come from the latter Three causes, while Capitalism has essentially been a parasitic activity siphoning off some of the wealth production from the others.