Is capitalism a sustainable economic system for human society?

  • Yes, Thanks to Technology

    It is only by technological progress that we will be able to sustain the world's quickly growing population and no economic system can create as much research and development as capitalism. Not only is growth sustainable thanks to technological development, but capitalism is an absolute necessity for the survival of the human race.

  • Capitalism is self correcting

    Capitalism is self correcting. It solves all the problems it creates and solves for every one of them. There's no reason to turn away from this system. The only reason I would think capitalism is bad is because it harms the environment, however it solves for the problems it creates. There's no better alternative.

  • capitalism is sustainable

    Three united states is the biggest reason no where has a country gained as much wealth. The cold war explains it all why did the Soviet union fail yet the united states still here? Here anyone can do what ever they want and have the silty to make their dreams come true nothing is guaranteed except you have the shot.

  • Yes

    Economic systems based on free and open markets and private enterprise have been shown, time and time again, to be far superior to systems with heavy state intervention in the economy.

    This is simply what history has shown. However, economic theory explains why this would be so. Time has a way of making classical economic theory look better.

  • Yes.

    We are always materialistic. We only get lazy when we don't get results for work (socialism). Capitalism gives us incentives to work and , therefore, increases productivity and demand. Some books:
    "Freedomnomics" John Lott
    "Debacle" Noriquist and Lott
    And anything by Friedman
    Capitalism works, and that's a fact. Even when looking into the other side, I just can't see how capitalism has failed.

  • In theory? Yes, in Practice? Not as it is now

    Right now we are living on a dying world. Capitalism has devolved our people into increasingly materialistic and selfish lazy people. In theory, as long as there are consumers it is sustainable, free and competitive. In reality, it leads to outsourcing for cheap labor, people being laid off, the Earth being exploited and destroyed without thought to future generations and recessions that affect multiple countries across the globe.

  • As Long as There Are Consumers

    Capitalism is a sustainable economic system and it has been for thousands of years. The key is to give consumers what they want and give them stuff to buy. As long as there are consumers with money, there will be capitalism on this planet. Capitalism encourages competition and keeps prices low, which benefits all consumers who try to discern the best deals in a free market economy.

  • Atencion putos, putas, putillos y putillas.

    Todos en este sitio web son unos putos de verga que no tienen vida social o unos vagos de verga que solo entran para obtener informacion para sus tareas o deberes lo cual no deberian entrar por lo que si entran van a repetir el año ya que no van a saber nada de este sitio web por lo que solo entra gente que odia a todo el mundo. Gracias.

  • The demise of "higher education" is the demise of capitalism.

    Once we turn our so called institutions of higher learning into businesses, as we did in the year 2001, and make "metrics" (that is a profitable return on tax dollars being spent) the bottom line and not solid scientific research/learning, we put aside the environment because cleaning up Earth does not turn a profit in the short run. It may make a healthier life for our children (not seen as profit), it may make more beautiful oceans or mountains or even turn around global climate change, but not one of those things is profitable, in the short run. And going that way makes clear capitalism's obsolescence. Instead, those endeavors all cost money without turning profit so as long as the tax payer demands to see a profit made with their taxes in our systems of higher education/our state/our federal government, we will "profit" ourselves into non existence. The fractional reserve system is not sustainable either, as it turns everyone except those who own banks, into slaves.

  • First, you must define "sustainable" before the question can be accurately answered.

    Sustainable for the short term, sure. For the long term, NO. It is a mathematical certainty it will fail AT SOME POINT.

    Capitalism DEPENDS on growth. That growth is always represented as a percentage. Anything that grows continuously that is represented as a percentage is experiencing exponential growth. In my entire life I have only heard of ONE depression (negative growth). Even recessions are growth. They are just SLOWED growth.

    As someone above mentioned, you cannot have infinite growth with a finite amount of resources. It is not mathematically possible. This is irrefutable, period.

    Once the resources on this rock are used up, they are gone. I do believe the problem is most people (American's especially) do not understand that natural resources are MINED, NOT manufactured. We don't manufacture copper, or gold, or silver, or iron. We MINE them. Once the supply is used up, its gone. We do not posses the technology to manufacture these things.

    Of course over the years, the left have been screaming various doomsday scenarios which have been labeled left wing loony theories, but I hate to say it, I believe they are right. Example: Peak Oil. Back in the 70s the experts were warning we would soon run out of oil. We still haven't. So most people just write those "loonies" off as being wrong, ignorant, or what-have-you. Well they are actually RIGHT. They just got the timing wrong. When will we run out of oil? I have no idea. Could be 10 years. Or 100 years. Or 1000 years, but eventually WE WILL RUN OUT. Again, we don't manufacture it, we drill for it. It is a mathematical certainty.

    Now, there is one way of having almost nearly infinite growth in which capitalism could survive: We have to leave this planet eventually. Although we have a limited amount of resources on this 'rock', there is an endless supply out in space. So in order to grow beyond what is mathematically possible with the finite resources we have here, we MUST pursue space exploration. Do that, and capitalism can actually survive.

    BUT, even the universe will one day come to an end, and when it does, so will capitalism along with everything else, so the TRUE answer is NOTHING is sustainable, but I believe this goes beyond the scope of the intended question. :)

  • Quite Simple Stuff

    In a nutshell, any system in which the "telos" is the accumulation of wealth, whereby the fundamental use-values of a society are simply a by-product of said telos, is destined to fail. Aristotle essentially made this claim in his discussion of money. Politically and socially, capitalism is also intrinsically fascist since this system is fundamentally based upon the exploitation of resources (including humans), in order to produce exchange-value, which inevitably leads to wealth becoming accumulated increasingly in the hands of the very few at the expense of the majority. The nation-state and its democratic institutions are increasingly becoming obsolete in the face of neoliberal, global capitalism - a system that is not beholden to any state, its laws or institutions that maintain the fabric of a society. It is fallacious to maintain that technology will somehow offset the exhaustion of finite resources since these are interdependent factors.

    These are a few problems amongst many many more. All in all, a systemic change is needed in order for human civilization to survive. Just like any other model, capitalism is not ahistorical.

  • Perpetual growth on finite resources is an oxymoron

    Capitalism = production and then consumption by humans, leading to more production for further consumption, by more humans, etc. Production requires material resources, e.G., fossil fuels, uranium, corn, water. These materials are in limited supply on this planet. This is why US oil production has been in decline for decades, our aquifers are shrinking, etc. Soon, consumers will want more production than the earth can accommodate.

  • Not in its current state

    I do have hope for the future of capitalism but without a morally strong government willing to introduce the necessary regulations natural human greed will doom the economy and the environment. The current version of capitalism being practiced by most of the western world allows private corporations to have too much power over politicians and based on the state of the world today they have no qualms about abusing that power for personal gain. The separation of church and state is meant to ensure that politicians decisions are not influenced by personally held religious beliefs, likewise there should be a separation of money and state so that their decisions are based on what's best for the people they serve who re-elect them rather than the big money donors who fund them

  • We have limited resources.

    Capitalism assumes that there aren't a limited number of resources on our planet, when there are. If we view Capitalism outside of a vacuum, and through a realistic lens, we see the flaws in the machine. Capitalism relies on growth, and there can only be a certain amount of growth before there is decline. The only variation is when we reach this point of inevitable economic decline.

  • It is obviously not

    Any model that assumes infinite growth on one planet with finite resources is doomed.
    Why do we produce all these things we don't need? We should just focus on the what we really need and make that well, and do this without enslaving people (or other animals), just by building machines and robots (which is what we do now anyway). I would love to live in a world where I can focus on my happiness and that of the people around me instead of having to struggle to get the things I need to survive

  • It is obviously not

    Any model that assumes infinite growth on one planet with finite resources is doomed.
    Why do we produce all these things we don't need? We should just focus on the what we really need and make that well, and do this without enslaving people (or other animals), just by building machines and robots (which is what we do now anyway). I would love to live in a world where I can focus on my happiness and that of the people around me instead of having to struggle to get the things I need to survive

  • It is a system of greed with those luckily enough to reach the top have no conscience or time for the less fortunate

    For example, the current UK government taking away from the less fortunate and giving it to the wealthy few. This include a reduction in corporation taxes from 24% to 18%; government subsidises; a reduction in NIS; a reduction in inheritance taxes: forcing welfare benefit claimants to work for multimillion pounds companies for as little as £2.17 per hour in lieu of their £50.00 per week benefits just to name a few.

    The same capitalist government thinks that a two bedroom home is too big for a single person, a sick or disabled poor person who claim welfare benefits is a scrounger and should be treated as a fraud, etc.

  • Capitalism is just passing stage from feudalism. Social elements are increasing & the (capitalism is giving up) world is gradually moving to next stage.

    Eg. Nordic countries, China, Australia etc.
    Best example is Yugoslavia with the most advanced open socialist system. After external pressure to privatise & de balance the system, the separation brought less happiness & prosperity to majority of the population.
    Technological advancement helps more informed transparent societies to have better social inclusive systems.
    Informed smart people cannot tolerate income imbalance too long.

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