Comment 73630

By Undustrial (registered) - website | Posted February 01, 2012 at 19:28:42 in reply to Comment 73612

I didn't write that to critique capitalism, simply to define it. Debt is a form of capital - a very important kind for modern monetary systems. The fact that public debt can't simply be removed from the equation is basic intro-to-macroeconomics, but it's all too often forgotten in these discussions.

As for capitalism, you're right, I don't care for it. But Communism (or at least the kind practicd in the countries you mentioned) clearly isn't a solution. It's like replacing a coke habit with heroine addiciton - cheaper, but more drab, and still utterly miserable. For your consideration (and A Smith's), I'll post the following link to a group of free-market anti-capitalists whom I rather enjoy.

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