Companies that are huge these days, be it Exxon and Monsanto to Bank of America and GE, they will not fail, and if they do it is at everybody's expense. The reason for the Bailouts was to get the banks going, but they didn't do it so quickly, which made a big ordeal with everybody.
Say GM failed. Would it really affect you? Most likely not. You already have a car, or ride a bike, and there are many car companies to choose from. Who could possibly care? Oil companies. With the money they make from the plastics and polymers they could give up refining it and still be pretty well off. The way our Economy works and the way our government works is like steak ice cream. Democracy? Good. Capitalism? Good. Both together? There's going to be a problem.
I'm sure many of you have seen the documentary, "Food inc.", or read the book, and were haunted by the fact that Monsanto virtually had a monopoly on agriculture. Not only that, but company representatives and lobbyists made their way into the president's cabinet. That power belongs to one company. GMOs however are not necessarily bad, they have fed hundreds of thousands, if not millions of people who wouldn't have been fed fed otherwise. But the main problem is companies using Government to pursue company interests.
Back to Oil. Oil is also in bed with the financial industry for obvious reasons, oil is the most profitable industry there is, and banking rules over their finance. If Oil were to fail, banks would fail. Green companies fail because banks don't give large loans to them, and consumer interest is pinned against them. If car companies make cars people will buy, Oil profits, and if oil profits, banking profits.
Reason why banks are the biggest issue? Mass extortion. J.P. Morgan was right when he said banking would be the industry to lead all industries, banks need no representative in the White House, they control the companies that have the reps. Banks will always come out on top, especially American banks.
Believe it or not, Goldman Sachs, Citigroup, J.P. Morgan, Bank of America, all of those companies are feared beyond belief by all governments, even the United States. If the banks were to seize all their assets for one month, the world will plunge into chaos. There will be no economies, all technology would be obsolete, and the world would be reduced to a dystopian nightmare. At least, that's what will happen in theory if money were to be considered a medium anymore, which is likely not to happen. Most likely, no country will have any currency left and we will have to barter, which is almost as bad for a lot of smaller villages and towns scattered everywhere. The world will scatter into big cities, and be pretty damn sad. Everyone. Most developed and developing countries depend on the US, both directly and indirectly. If the US were to fall, the world will.
Banks use this to their advantage. They are the kings of this pseudo-monarchy. It also has been proven that socialism fails, as well as communism and pretty much every economic system. Every government fails too. We have just persisted longer. You may think this is a conspiracy theory, but one last thing that kinda scared me is what is called,"Shadow banking". Sounds mysterious and sinister, which is an understatement. The annual estimated revenue for this industry is $180 Trillion, $60 Trillion in the US alone, $130 Trillion belonging to US companies, and $170 Trillion belonging to US companies AND foreign affiliates. The whole, "Shadow banking" thing is hard to explain, but it is just a series of unregulated transactions between banks to keep them together, like a conglomerate of banks ruling the world. Banks with this system, won't fail even if they tried, which is the idea. Since banks control companies, they control interest rates, their assets, blah blah blah, and the price of pretty much everything. Directly. You pay a lot for your shiny iPhone because banks adjusted prices to make it so. Same with Samsung LED TVs to a pack of gum.
Look into it. Find out what's REALLY going on.
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Answers & Comments
That pretty well nails it. As with kings and emperors and aristocracy in past centuries, once almost all wealth and the means of generating wealth are in the hands of the few the 'working class', be they peasants or hourly wage earners are left with nothing...no wealth, no political power, no influence and no real friends. Anyone who's ever played Monopoly knows how this works. Everyday a major corporation buys out a smaller corporation to increase market share. No 'new' production comes out of this, as production world wide is already at 100%. True, there are small 'startup companies', but even they rely on established corporations for materials, communications and finance. Moreover, once 'big enough' they get bought out.
The result over time is a new aristocracy based on capital, 'by proxy' political power and a vast propaganda campaign to convince the peons, coolies and peasants that this is the best of all possible worlds. Big Brother gives way to Big Business, and if you mention this they'll call you a 'liberal', a socialist or a commie. The Golden Rule at work...he who has the gold...rules!
We don't really have a free market, so long as our government allows corporations to have undue influence in their decisions. Our government has allowed corporate interests to decide how business is to be regulated, and in their favour. They use the government to crush any competition through regulatory means, while they run their own companies into the ground. Since there is no competition to take their place when they falter, we are left with companies that are propped up by the government.
To answer your title question. No, a economic system does not turn into a political system no matter how much time passes. Capitalism is part of every society on this planet. Its also been corrupted in nearly every society. In a true free market, prosperity reigns.
You should read, "The Creature From Jekylll Island."
Very interesting.
Holy wall of text Batman!
I'm not reading your wall of text but it certainly doesn't have to. Just don't vote for incumbents and we have a new government.
Regulated Capitalism leads to corporatism.
laissez faire is the only way.
It turns into an Oligarchy. Oligarchy is rule by the rich. Monarchy's are Oligarchy's.
Some capitalist republics could very well morph into authoritarian oligarchies, I grant you that.
The word you want is Oligarchy or Corporatocracy
that is one very long post.
but anyway, regulated capitalism is the way to go