Thursday, October 30, 2008

Has Capitalism Failed?

It is no secret that our country, the entire world for that matter, is experiencing economic turmoil. Is this turmoil brought about by the greed of capitalism? Take some time to read Dr. Ron Paul's thought on the subject.
As the government takes over more and more functions of the economy many see the rise of socialism as an antidote to this failure of “capitalism.” However, the fact remains that our economy has been increasingly running on debt, not capital. Capitalism does not exist without capital and debt is not, has never been and will never be a form of capital. Only now are we seeing the more dire implications of an economy without capital.
Capitalism without Capital

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