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Old 10-13-2011, 01:33 PM
Murphy Murphy is offline
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I'm surprised most people aren't realizing that unregulated capitalism and a market economy based on consumption is inherently unsustainable given limited resources.
The economy's purpose is to produce and for the population to consume ad infinitum, with those seeking a profit continually seeking further profit ad inifinitum -- this will reach a breaking point when there is nothing left to consume or the planet is rendered uninhabitable due to continued catastrophic pollutants and so on.
Marx pointed out that an economy based on endless production and consumption such as that is clearly not going to work out and anyone who understands that things on this planet are obviously limited in such a way as to make eternal growth an impossible ideal at best. The best capitalism can hope for is to continue to live on parasitically through some form or other of keynesian gov't intervention or the whole house of cards will come down on the heads of the financiers who created the money that clearly does not relate to anything such as material or labor.