Socialism is the answer

The world is currently facing a very hard time economically. First it was the property market depression, then the global credit crunch, and now we even hear Bill Clinton talking about the assets depression or something like that, but the truth is that things are messed up.

The world is currently facing a very hard time economically. First it was the property market depression, then the global credit crunch, and now we even hear Bill Clinton talking about the assets depression or something like that, but the truth is that things are messed up.

Since it is generally understood that we are living in a capitalist system as well as that in a modern capitalist state legislative action is confined to defining and enforcing the basic rules of the market, though the state may provide some public goods and infrastructure.

I'm no expert in these issues but I know that the current system is not only failing, but its costing the normal citizens, taxpayers, who by the way are not benefitting from the market gains.

The taxpayers are now expected to save the crumbling markets through stimulus packages and similar plans.

This is now making me ask if this is fair? The same poor people are now going to save the greedy capitalist from a monster that they themselves created.

We may justify it by calling it a mixed economy, or state capitalism or anything else, but the truth is that the capital system is failing and dismally so. So socialism is the future.

Makhiwesizwe Motha, Sunnyside

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