We haven't been a capitalist nation in over 100 years .

We have never been a capitalist nation. That's just a fancy word for oligarchy, always has been. What you thought that slavery ended with the south being defeated??

Geeez guy, all they did was take metal chains off the black people, and put green ones on everybody.

LOL, you actually fell for that trick??

I know one group that wants to put 'green ' shackles on us all.

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Originally Posted by tomder55

we haven't been a capitalist nation in over 100 years .

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Yes and Russia wasn't communist for 70 years. What nonsense! Of course you are a capitalist nation. It may be a little modified but it exists and is the basis of your economic system. Capitalism cannot be allowed to exist unfettered just as communism cannot be allowed to exist unfettered. Both systems impinge on the rights of individuals to a massive extent and exploit the least able to protect themselves.

I expect you will tell me next you are not a democracy and haven't been for over 200 years. It's OK, I believe you. The question is not what form of government and organisation we have but whether it is effective. Given the current crises we observe I would say the ratings are very low and a new theorm is needed

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Originally Posted by tomder55

we haven't been a capitalist nation in over 100 years .

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Almost 100 years. The exact date is December 23, 1913.

Just a bit more to go for that 100.

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Originally Posted by califdadof3

Almost 100 years. The exact date is December 23, 1913.

Just a bit more to go for that 100.

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Hi Dad,

Why that date?

Tut

Central banking system Tut the theory is that capitalism can only exst if it isn't regulated

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Originally Posted by TUT317

Hi Dad,

Why that date?

Tut

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That is the date the federal reserve kicked in. Since then its been a mess.

Its not the system, it's the people that work the system. Say what you will about whatever they call whatever government.

Tal apparently lots of people lost a lot of money in an unregulateed system so in that case the government probably did a good thing, took some of the cheat factor out