Looks like that billion in salary didn't help against Norwich. 
When it comes to capitalism, I must say it isn't doing terribly well. It is however doing better than the other stuff we have tried. All the least failed countries in the world, have some form of capitalistic economy.
Countries that run a regulated market economy seem to about do as well as those that go all inn. In some cases better. What is lost in market dynamics may be gained in lower crime rates and higher risk willingness, due to a social safety net.
Over-regulating has historically lead to corruption. Under regulating has practically the same effect, as it leads to monopolies and cartels. These are private versions of corrupt sosialist governments. They remove the competitive aspect of capitalism. Without it, the machine stops working.
There is little doubt that there are people and corporations in the world that has enough economic power to avoid healthy competition. This cements present inequalities and slows down our collective development.
Even capitalism at it's best, is a horrible waste of resources. Parallel development costing massive amounts, is a cornerstone of the system. The resource waste is enormous.
So far it seem to be the only way us simple humans get anything done, without being forced.
Lets hope we evolve over time.
When it comes to capitalism, I must say it isn't doing terribly well. It is however doing better than the other stuff we have tried. All the least failed countries in the world, have some form of capitalistic economy.
Countries that run a regulated market economy seem to about do as well as those that go all inn. In some cases better. What is lost in market dynamics may be gained in lower crime rates and higher risk willingness, due to a social safety net.
Over-regulating has historically lead to corruption. Under regulating has practically the same effect, as it leads to monopolies and cartels. These are private versions of corrupt sosialist governments. They remove the competitive aspect of capitalism. Without it, the machine stops working.
There is little doubt that there are people and corporations in the world that has enough economic power to avoid healthy competition. This cements present inequalities and slows down our collective development.
Even capitalism at it's best, is a horrible waste of resources. Parallel development costing massive amounts, is a cornerstone of the system. The resource waste is enormous.
So far it seem to be the only way us simple humans get anything done, without being forced.
Lets hope we evolve over time.
