The Mudcat Café TM
Thread #114650   Message #2449117
Posted By: Bobert
24-Sep-08 - 02:54 PM
Thread Name: BS: The Bailout
Subject: RE: BS: The Bailout
Yo, Ake,

I guess in an acadmeic sense you are correct that cpaitalism cannot survive without growth because people would not invest if there would be not return on the investment and return in theory is growth... However in the real world, we don't have capitalism anyway... We have a bastardized hybrid of capitalism and socialism with a unhealthy dose of corruption sprinkled on top...

Either way, I would agree that growth is important but growth is no something that is confined exclusively to capitalism... One can have growth with communism and socialism...

As for the bailout, it looks as if Congress has survived the "my-way-or-the-highway" phase of the proposal and it also looks as if most of the ideas that Barrak Obama has been talkin' about are finding their way into the mix...

B~