Davos Annual Meeting 2010 - Rethinking Market Capitalism

[photonia2redrobin]

It's an old world with globalisation of corporates, which try to work around rules of ethics & old values such as equality & compassion & liberty, it was governed by stock market.

Shanghai truckie riots, US banning work unions, global trade extreme imbalances, inflation,deflation, crisis after crisis unresolved, we need new thinkers.

[photonia2redrobin]

It is the old world of greed but new world of coporatism. One has to accept the simple common sense that profits & coporates & capitalism are not campatible with equality & sharing. Coporates know no morals, it is not governed by it. A new world must also find solutions to extreme wealth gap, Shanghai has truckies riot, US has banned unions, inflation,deflation, the world needs a new set of thinkers.

[DJSardaukar]

These guys sound like the intellectual looters in Atlas Shrugged.

[no2globalism]

The arrogance of these people to even suggest that anyone has the right to IMPOSE a global regulatory system on a free, sovereign constitutional government and the people of the United States.

[massidiot1]

Not a single word about the individual!!! The only repeated words are GLOBAL, GLOBAL GLOBAL, WE need GLOBAL... NON my friend WE NEED SOCIAL ECONOMY - WE NEED SOCIAL ENTERPRISES, WE CERTAINLY DO NOT NEED TO give more power to the powerful !!! we need to educate individuals to not need a boss...

[adanieltorres]

Capitalism does not need more regulation; it needs steroids. Down the slippery slope, few people will produce enough for all other people. The only way to eliminate poverty is accepting that the few who produce will also have to provide for all others. Unconditional, daily cash distribution can eliminate poverty, reduce inequality, and reactivate the free, competitive markets. Make it illegal for anyone other than government to create money and the finance issue gets taken care of.

[truevoice08]

Why are these people talking about the future of capitalism. Capitalism died a long time ago with the policies of that fascist FDR or the New Deal.

[copperwaxwing]

Big Government..Big Problems..Toss 3/4 of the government...problem solved

[MarkoKraguljac]

I am really not sure where to look for a serious debate about what is happening. If shallow discussions like this one are near peak of our world, we are doomed. Empty talk and loss of time.

[jjrglobal]

@MarkoKraguljac

Agreed. If this is the best that Davos has to offer we are screwed. This crisis is not a failure of Capitalism, its a failure of Socialism coupled with an energy shock. Blaming this crisis on greed is equivalent to blaming the latest plane crash on gravity.

[MarkoKraguljac]

@jjrglobal

I like plane/gravity parallel and find it very appropriate. Thanks.

[Nbeam85]

Pretty Engrossing. I am surprised that most of these men are arguing for more regulation. One could make a strong argument that too much regulation and knee-jerk reactions by world governments (stimulus) are what have left us with the mess we have today. They want to make a distinction between capitalism at its core being solid and its "excesses" being the problem. I don't think you can divide the two. If you try to regulate the one you will end up regulating it all. Ben made the most sense...

[rollingcube]

all deficits have to be financed.