It used to be that capitalism was a mirroring image of natural competition and evolution.
That’s why they call it the free market.
You made a product that people needed and wanted – not necessarily in that order – and if your product was good, people would pay good money for it.
That was the “good money for good products” glory time, when Cadillac use to mean the best money can buy.
Then some brilliant ass hole came up with the idea that you can make more money if you make a lot of cheap “disposable” goods.
And that brought us in the “consumer capitalism” phase, where we started to loose “the best in the world” title but we made lots and lots of money.
Then some other brilliant genius came up with the idea that we don’t’ have to make the products in USA anymore we make the junk wherever the labor is cheapest and sell it over here at astronomical profits.
Ant that is when “Made in China” became a national logo.
But making junk in China was not profitable enough so we decided that making nothing over here and selling it for billions was even more profitable.
Thus, we had the dot com bubble and of course the first bubble burst that inevitable followed.
The dot com bubble was gone but the idea of selling nothing was too good to drop so here we go again, this time with the subprime – real estate bubble.
Of course that ended up with a big bang also, and we are still trying to clean up the mess it created.
The interesting thing is the way we are fixing the “irresponsible” actions of the financial community is by “irresponsible” actions of the government.
Here we go again in a bubbling situation.
The money bubble.
How long do you think this bubble will grow before it pops?
Because, I am sorry to say it, but any bubble that keeps on growing has to burst at a certain point.
OK, we are going to pay back our debt. The question is how?
We have to make again products that are better and cheaper than what the Chinese are making and sorry folks but the only thing we seem to be good at, is blowing bubbles.
Looking into my crystal bubble, the future doesn’t look vey bright at this point.
It is going to be a very interesting ride, to say the list.
What do you say?
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8 comments:
The irrisponsible actions of the government are beginning to look like just that. I see the way various governments are using tax payers money for bail out purposes, as clear misappropriation of funds. I personally see various ways that money could be better spent. It will be an interesting, but probably an uncomfortable time for quite a while yet.
History shows us very clearly that there has always been boom and bust
The main difference here is that we could, and should, have avoided the property bubble bursting - why wasn't something done ten or fifteen years ago when housing first became unaffordable for the average working person? Will anything be different next time around??
The answer my friend, is blowin in the wind...
There is no Other and yet we can't avoid that there is.
The definition of insanity is doing the same thing over and over and expecting a different result...
Bubble, Bubble, toil and trouble ...
Repeating mistakes and robbing US citizens to do it is doomed to failure. It may work on a "short term" basis ... but BUST will follow in a big way I'm sorry to say. You are quite right to be worried.
About the Post: Agreed! Perhaps we could start packaging pyramid schemes and sending them China's way. They demand Capitalism too you know, and we've got plenty of business schemes to go around. Anyhow, they don't understand how business works, but they understand manufacturing because they are Communist and we can slip all kinds of junk under their Socialist radar model before they catch on. Bugs Bunny tricks Elmer Fudd once again....lol
About my Post: I invite all to rationally criticize and debate The Secular Bible that I wrote.
I am curious and somewhat anxious to see what happens and when it happens.
@Talon-
The saying is by someone that thinks they are sane. Grain of salt?
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