Is capitalism dead?
Over the last few weeks we have seen government around the world nationalising banks and other prominent businesses, bailing out whole sectors and generally becoming more and more involved in businesses and financial issues. There is a feeling that the capitalist movement is now under threat and many people believe that capitalism is now dead in some areas of the world. Is this true?
There's no doubt that the capitalist movement has been severely wounded over the last few months and would have collapsed had it not been for state funded ventures and state funded rescue packages. From the likes of Dubai, which was built on $80 billion worth of debt, to the UK banking arena, which has swallowed hundreds of billions of pounds taxpayer's money, there are prime examples of capitalism in disarray at each and every corner U-turn.
However, capitalism has been around for centuries and we remain a vital element of the worldwide economy and a multitude of local economies around the world. The animal which is capitalism may well be wounded but it will live to fight another day and it will be back. While this is more than a "setback" there are very few, if any, scenarios which could kill off capitalism forever.
Share this..
Related stories
How much influence do voters have in the UK?
As we move towards the next general election, many people in the UK are starting to wonder about the role of UK voters and what influence they actually have over the political parties and government of the day. The last 18 months has seen a significant decline in the UK economy, billions of pounds of taxpayer's money poured into the financial system, a refusal to hold a referendum on Europe, incre...
Read MoreShould we have a national consumer bank?
The UK government has effective control of Lloyds bank and Royal Bank of Scotland, by virtue of the massive share stakes taken using UK taxpayer funds, and there are some in the Labour Party and other areas of the population who feel it is time for a national consumer bank. However, against this background of renewed optimism and hope for a national consumer bank is the fact that the UK economy is...
Read MoreThe real cost of inflation
When inflation moved into negative territory earlier this year there were cries of joy from many areas of the UK population who had seen the cost of living rising year after year. However, there are two sides to the inflation story with negative inflation putting pressure on product and service prices and often instigating significant cost-cutting programmes. This can lead to reduced disposable in...
Read MoreTesco to offer Sainsbury’s Brand Match to customers
11/04/2016 Tesco has announced that it will offer customers who have valid Sainsbury’s Brand Match money-off vouchers a two month extension to the scheme which is due to end on 26th April. This will mean that any customers who still have the vouchers after they have expired in Sainsbury’s will be able to use them until 30th June in Tesco. Last week Sainsbury’s announced that it woul...
Read MoreECB set to consider new economic tools
The European Central Bank (ECB) has today confirmed that a number of new economic tools are under consideration to try and reverse the downward spiral of the European and global economies. However, it appears as though there is significant disagreement between the various EU partners as to the correct route which should be taken and how initiatives should be funded.
European base ra...