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

Posted by admin
recession
water_skipper asked:


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3 automakers on the verge of bankruptcy I’ve heard more than one person comment that it’s all proof that capitalism is outdated or never worked very well.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?

Adam
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    • This entry was posted on Sunday, June 14th, 2009 at 10:26 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    No Responses to “How would you explain to someone that a recession or stock market crash is not the failure of capitalism?”

    1. Pogo Possum Says:
      June 16th, 2009 at 5:05 pm

      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.

    2. billaryrclinton Says:
      June 20th, 2009 at 1:48 am

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