Blacknessdefined’s Weblog

The Black Experience in America

Is Capitalism dying?

The Washington Post has an article out stating that capitalism is a casualty of this economic slowdown.  The End of American Capitalism.  People who view our country as the example of what to become are questioning our values, our system, and our beliefs.  Credit is the lifeblood of our capitalist society.   That is the problem.  We are not a cash based society.  We are a credit based society.  Capitalism works but when credit is the exchange currency, it becomes a house of cards or dominoes ready to fall at any time.

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October 10, 2008 - Posted by | Economics, Education

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