Source link: http://archive.mises.org/18927/capitalism-has-failed/capitalism-has-failed/
Capitalism has failed
November 2, 2011 by Per Bylund
The Ludwig von Mises Institute
Tu Ne Cede Malis
Advancing the Scholarship of Liberty in the Tradition of the Austrian School
{ 10 comments… read them below or add one }
Technically, this could be explained by inflation.
Why not instead show a commodity/productivity index, for total human industrial power output or what not?
haha, pretty funny picture. While I agree with Keith’s comment, hopefully the pic can do some good in making people realize that a relatively minor multi-year glitch in the economy does not mean we should abandon the system that got us to the level we’re at [assuming the economic system that got us here is also the one that failed, which of course is highly dubious].
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Well, a good and funny pic, but can we really say that it is capitalism with the amount of socialistic inspired laws and regulations? The global economic system is rigged, top to bottom, for the benefit of the rich trident, Big Gov, Big Banks and Big Corp. Socialism is for the rich and their cronies and capitalism is for the poor and their dreams. Is it any wonder we have more of the first in the world and less of the latter in the world? The only way for socialism to survive, as an idea in less fortunate peoples minds, is to bribe and tax the rich trident and at same time hand out perks, deals and other market benefits but always with a leash around their neck so they know who is their master.
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