Rethinking capitalism in Davos?

The annual World Economic Forum has kicked off and the rich and powerful have come together in Davos, Switzerland. The Eurozone has been in the spotlight at the summit and yesterday German Chancellor Angela Merkel has asked the people at the summit to be patient with the Eurozone debt crisis. Many critics believe that the only real solution for the European Union is to create a central bank. Lauren Lyster, host of Capital Account, joins us for the latest from Davos.

Follow Liz on Twitter at http://twitter.com/LizWahl

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[sniper6081]

@giancarlo3000 Now you're speaking my language.

[giancarlo3000]

@sniper6081 Well, I have to admit those were pretty good and solid arguements, But still, the sudden abolition of govt would be even worse than what we have know. We have to make people less dependand on the current system in order to do so. Don't fight the government, don't be foolish... As Buckminster Fuller said "You do not fight an existing system, you build a new system that makes the other one obsolete".

[sniper6081]

@giancarlo3000 No, I think they'll need those tanks and helicopters to defend themselves from the government. That is the ultimate intent of the second amendment after all. You'd be pretty naive to think otherwise. Misallocation of resources; you can thank the Federal reserve's price fixing for that. Unequity; that goes to federal agencies favoring some corporations over with their regulations and selective enforcement. Non educated people; that goes the public education system.

[giancarlo3000]

@sniper6081 The objective of being allowed to have those weapons is self defense right? So, do you actually think that a militian has the right to use a helicopter or a tank to defend himself against a thief? I really don't think so. Look, I do agree that the govt is starting a chaos that will not be able to control, but I don't think that force should be used by particulars as they see it fit right now. We have too much misallocation of resources, unequity and non educated people.

[sniper6081]

@giancarlo3000 Just because the militias don't use the force they have doesn't mean the government has a monopoly on force. They just know how to control themselves. If anyone is causing disorder right now it's the government, with their war on drugs, and hindrance of trade, and their endless wars of aggression. Also what sense does, "They have the right to those arms, but not to use them," make? Wouldn't that make them useless. Why would the second amendment even exist?

[sniper6081]

@giancarlo3000 In case you didn't know, there are hundreds of private armies in this country already. In fact, the second largest armed force in this country is the South East Michigan militia, with the largest being the military. Those guys have tanks, helicopters, howitzers, you name it, and they're not the only ones. Missouri has one too, Texas has like, fifteen, and Oklahoma has five. That's not even all the militias and yet things seem fine so far.

[giancarlo3000]

@sniper6081 Nobody hates the elites for being smart and succesful. They're hated for creating systems that work only in favor ot themselves and impose them to those who aren't as smart, strong and succesful. I agree, it's not good to have the power concentrated in the govt, but is less chaotic than letting every individual to use force as they see it fit by having their own private armies, the force wouldn't be used by govt but it'd be used by the particulars instead, so dangerous.

[truevoice08]

Ignore these meetings of criminals. Giving them attention legitimizes what they do.

[ChillDudelD]

Gangsta Party In Davos! LOL

[sniper6081]

@giancarlo3000 The "elites" are nothing more than the class of citizen that are the smartest or most successful. Hating on them because they're elite is technically prejudice. Anyway, it doesn't matter who "controls" what if they don't have the force to back it up. Government is the only institution with that kind of force. Government can collude with others to help them gain actual control over things, but it's not just corporations, special interest groups, the people, they're all guilty.