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 Originally Posted by BorisTheSpider
Without getting too involved in the debate here, I think this sentence badly needs clarifying. What we (in basically the entire Western world) live in is not a capitalist system, it's a system in which various subsidies seek to manipulate the market, business which have failed are jacked up and kept as the walking dead on the proceeds of other peoples labour, our central banks openly manipulate the stock and bond markets, businesses can only conduct themselves in accordance with a long and onerous set of rules relating to remuneration, hiring and firing, almost any economic activity you might undertake is regulated to death and you have to ask permission (a "license") from the government to undertake otherwise lawful activities etc. etc.
Whatever we've got, and I hesitate to give it a name, but it's certainly not capitalism.
This is not even to touch on the corruption of our currencies/central banking systems. http://www.youtube.com/watch?v=jqvKjsIxT_8
I basically agree, except I think its a pipe dream to expect pure unfettered capitalism to ever come about. The best we can hope for is a government that doesn't blatantly intervene in the prices of goods and services. And in that regard, many countries vary wildly, but it's easy to see the positive effects of increasing market freedom in the real world examples of India and China, as well as in other southeast Asian nations for that matter.
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