"Capitalism is Dead," He Said - But That's Complete Hogwash

Most of the Communists in the world and literallyDuring our debate he put forth all the problems of
all of the socialist-leaning politicians, regardless ofthe global economic crisis and previous bubbles
what nation they come from have been statingthat burst in various industries, as his major points
that capitalism is dead. But how can this be? Allof contention. In each one of those points of
the first world nations no matter what economiccontention, I explained to him how government
policies they live under all use some form ofregulation and intervention in the free market
capitalism to create wealth, they are borrowingsystem was indeed the reason for the bubbles
what works.that built-up and/or collapsed. In other words,
This is because the profit motivation of capitalismcapitalism is self-correcting and as long as no
works and it becomes the most efficient form ofbureaucrat or know-it-all academic, or politician
creating abundance, and economies of scale. Ifgets in the way everything works out fine.
anything one could say that communism andOf course, academia is always right and if you
socialism is dead, because there has not been anydon't leave me just ask them, they will tell you;
pure socialist, or any pure communist nations thatindeed this gentleman attempted to before I
have survived and thrived in the last 300 years.crushed his nonsensical arguments into oblivion.
Not long ago, I got into a small philosophicalShow me a better nation! You see, for me I'd
debate, which turned into an interesting argumentrather live in the United States of America, the
about this very subject with a semi famous PhDgreatest nation ever created in the history of
academic (author, scholar, political somebody). Hemankind, a nation whose abundance and middle
stated; "Capitalism is Dead" but I didn't listen, Iclass were created by free markets and
know that is nonsense. Instead I said; "That'scapitalism. Deny it!
Complete Hogwash, and let me explain why!"