View Single Post
  #61  
Old 11-08-2011, 12:01 AM
casstony
Registered User

casstony is offline
 
Join Date: Feb 2006
Location: Warragul, Vic
Posts: 4,494
Quote:
Originally Posted by Waxing_Gibbous View Post
To those who propose a more 'socially equitable' system of economics:
Do you honestly think that the rioters would be any smarter, more resposible or more affluent under any other system?
Under a healthy capitalist system where excesses are allowed to clear via a normal business cycle we would not be facing anything like the current problems. These riots are but a glimpse of what I suspect will be a very bad decade ahead of us.

Short, sharp recessions don't include the necessary time factor for social discontent to grow to dangerous levels. In an effort to avoid recessions we're seeing the stage set for a serious depression and the conflicts that may spring from it.
Reply With Quote