Golden Age

Discussion in 'Mayberry Lounge' started by $uperman, Aug 20, 2015.

  1. $uperman

    $uperman Black Belt Platinum Member

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    Does capitalism create golden ages?

    Islamic Golden Age ( https://en.wikipedia.org/wiki/Islamic_Golden_Age )
    • " Proto-capitalist economies and free markets became active during the Islamic Golden Age where an early market economy and a form of merchant capitalism took root between the 8th
     
  2. Jack Reacheround

    Jack Reacheround Never Go Black

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    Are you asking if capitalism is the best economic system for the creation of wealth? Yes. Or course.
     
  3. $uperman

    $uperman Black Belt Platinum Member

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    Then why doesn't ever country try to have a free as possible economic system?

    And does the economic freedom of capitalism create Golden Ages?
     
  4. $uperman

    $uperman Black Belt Platinum Member

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    And if capitalism creates the most wealth. Why are left wing people against it? In a wealthy society the poor are also wealthier.
     
  5. IDL

    IDL Gold Belt

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    There is always a balance between prosperity, existing ruler ship maintaining power (probably the biggest factor), and not letting a nation fall apart.

    There are a lot of competing interests to juggle while maintaining stability.
     
  6. Kirin

    Kirin Death Operator Platinum Member

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    Quite simply, it is not sustainable, particularly with the advent of fractional reserve banking.

    What it does is encourage entrepreneurial endeavors, where a lot of the wealth is initially distributed amongst the workers who take part in building the infrastructure. After the majority of the infrastructure is in place (which can last decades), the industrialists then try to revert back to indentured servitude, which they accomplish via bribery, corruption, and importing labor or exporting jobs.

    What's becoming more and more common now is the creation and accumulation of capital without actually producing goods, e.g. insurance companies, banking companies, etc.
     

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