Papageorgio
The Ultimate Winner
- May 18, 2010
- 61,482
- 18,684
Great Depressions only happen under laissez-fair capitalism, not socialism.Because we needed more socialism to bailout lazy, laissez-fair capitalism.Capitalism: an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
You'll have to explain why you feel it failed.
The banking system failed, capitalism worked (and works) just fine.
Sorry but you are wrong. Socialism is a failure where ever it has been. Socialism depends on no greed, man is inherently greedy. Socialism always has the elite.
What do you call the Scandinavian countries? They do quite well and some say they have a form of socialism.
They are not socialist countries, please read up on what socialism is, Socialism is the prohibition of an elite, Scandinavian countries have an elite class. The disqualifies them from being true socialists.