Tuesday, August 10th, 2010

How would you explain to someone that a recession or stock market crash is not the failure of capitalism?

How would you explain to someone that a recession or stock market crash is not the failure of capitalism? With the stock market crashing in the past couple of months, unemployment soaring, and the Big 3 automakers on the verge of bankruptcy I’ve heard more than one person comment that it’s all proof that capitalism is outdated or never worked very well. How would you explain to them that capitalism does work?

Yeah, but when did the economy officially transition from recession to royal fustercluck

Topics: Capitalism | Comments RSS

2 Comments on “How would you explain to someone that a recession or stock market crash is not the failure of capitalism?”

  1. Aug 11, 2010 - 4:50 am
    Pogo Possum

    why bother? they are stupid and don’t contribute to society so they don’t need to know and wouldn’t understand if you did try to explain.
    References :

  2. Aug 11, 2010 - 5:01 am
    billaryrclinton

    Yeah, but when did the economy officially transition from recession to royal fustercluck
    References :

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