I disagree. I don’t believe capitalism has failed or that socialism will work in our current society. It certainly never worked in the past. I like Star Trek socialism – but people in Star Trek are not the same as us. It’s an idealistic fictional story.
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And yet it’s a debt that we keep adding to. We borrow and borrow from the Fed with no way to pay that back except through more loans to pay other loans continuously. You can’t pay debt with debt. Unlimited Capitalism is extremely dangerous because of that very method we are currently using.