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<p>[QUOTE="JCB1983, post: 1491129, member: 23885"]I believe that an absolute of either system is flawed. It seems like there was a period in the 80's of leaning on complete capitalism which actually ended up hurting the economy.</p><p><br /></p><p>The problem that I see with modern day capitalism is our advancements in technology. Capitalism is a profit based system which relies on profits to function.</p><p><br /></p><p>In the world of profit maximization and computer technology we have cut down on the work force and we will continue to cut down on the workforce. With fewer workers and less money to be spent on goods, the sum of all goods is not being sold.</p><p><br /></p><p>It seems as though in the past we traded excessive goods to 3rd world countries in exchange for raw materials. That is not flying anymore. I guess what I'm getting at is that technology is leading to less and less jobs, and excessive amount of goods, and nowhere for them to go.</p><p><br /></p><p>I'm kind of hoping that someone will respond to this because what I just said might be dead wrong. Just brainstorming here.</p><p><br /></p><p>BTW I'm not trying to defend socialism here.[/QUOTE]</p><p><br /></p>
[QUOTE="JCB1983, post: 1491129, member: 23885"]I believe that an absolute of either system is flawed. It seems like there was a period in the 80's of leaning on complete capitalism which actually ended up hurting the economy. The problem that I see with modern day capitalism is our advancements in technology. Capitalism is a profit based system which relies on profits to function. In the world of profit maximization and computer technology we have cut down on the work force and we will continue to cut down on the workforce. With fewer workers and less money to be spent on goods, the sum of all goods is not being sold. It seems as though in the past we traded excessive goods to 3rd world countries in exchange for raw materials. That is not flying anymore. I guess what I'm getting at is that technology is leading to less and less jobs, and excessive amount of goods, and nowhere for them to go. I'm kind of hoping that someone will respond to this because what I just said might be dead wrong. Just brainstorming here. BTW I'm not trying to defend socialism here.[/QUOTE]
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