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Updated almost 15 years ago, 12/28/2009

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1,786
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464
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Eddie Ziv
  • Investor
  • Mableton, GA
464
Votes |
1,786
Posts

Is Capitalism on a self-destruction track?

Eddie Ziv
  • Investor
  • Mableton, GA
Posted

It seems to me that the old principle of fair exchange of products and services for money is all but gone. It became a feast of greed where the name of the game is "I am smarter than you and therefore, I can screw you out of your money faster then you can ever notice." (Yes, it a long name for a game, and yet it seems to be true)
Take the credit card companies' game which we often complain about in this forum, add to that the cell phone companies, the cable companies, the wall street wizards ("You could never understand what derivatives are"), the predator lenders, the greedy politicians.
It is all about grab it now because it will not be there tomorrow and that part may be right. They all behave as 2012 is not just another election day, but the earth's crust is about to collapse so lets enjoy it while it last. Last fall it seemed as if the skies are falling and about to take our beloved country with it. Well, it didn't but only because Washington managed to push the judgment day down the road.
I think that if we don't have a fundamental change in our behavior and approach to what called "free market" we will lose the core of our system.
Your thoughts...

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