Why are we looking on helplessly as markets crash all over the world?

This is one perspective on the current global turmoil.

Oil prices at an all time low. China's economic turmoil.

We all knew that there was going to be another global meltdown following the one in 2008 as they never fixed the problems that caused the first one and have done little to regulate Wall street and the banks.

Is it coming soon? Will it be worse than the last one?

Is it time to rethink how we do capitalism and give up on this free market nonsense?

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Reality Internet Personality

Well with quite a few sanctions lifted against Iran, they intend to up production by 500,000 barrels, what that will do to the price of oil & the global economy is going to hurt & hurt hard.

I'll lay odds that many manufacturing firms lays off a lot yet maintain their big bonuses !!!

We all knew that there was going to be another global meltdown following the one in 2008 as they never fixed the problems that caused the first one and have done little to regulate Wall street and the banks.

Since the particular combination of regulations, requirements and loopholes provided the fuel for it, and those social engineering experiments have not been removed, you are correct, nothing has been done to fix it.

Is it coming soon? Will it be worse than the last one?

It will be different. Different market segments will be affected as we never recovered from the last one. Employment is still far below the levels before the crash. The gig economy is not going to allow a return to the levels before the crash. It seems as if many have given up ever having a good job. That is a change which will affect an entire generation.

China's economic turmoil.
...
Is it time to rethink how we do capitalism and give up on this free market nonsense?

It is almost comical to put these together. China is not a free market, it is a command economy. If it has issues, that argues forcefully that non-free markets are a failure.

So if free markets are a failure and non-free markets are a failure, then all markets are a failure! There are no fixes possible in such a case.

This is in fact correct. Any external input will cause some upset, it is only a matter of time before a loophole to that upset is discovered and exploited. A second input will then be required in another attempt to obtain the desired result. This process will continue forever.

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Are Ponzi schemes still a problem?

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The mind is a weird and mysterious place

As the last century has taught us:

Unfettered Capitalism is bad.

Intelligently Regulated Capitalism, with Strong Unions, is less bad.

Marxist Economies are worse than Capitalism.

Since The Left's Solution to Capitalism is, and has always been. an abject failure (Substituting one Corrupt Power for another Corrupt Power)...

Any 'New' solutions?

How about a social market economy? It's not new, though.

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So interesting.....

Look at 2008 the end of Bush. Rich getting poorer and the poor getting richer.
Look at 2010, Bush TARP program mostly ends, Obamacare enacted.
Look at 2010 on, all Obama, the poor get poorer and the rich get richer.

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So interesting.....

Look at 2008 the end of Bush. Rich getting poorer and the poor getting richer.
Look at 2010, Bush TARP program mostly ends, Obamacare enacted.
Look at 2010 on, all Obama, the poor get poorer and the rich get richer.

Well no one in their right mind actually thinks Obama was actually left wing.

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Reality Internet Personality

Well no, anybody paying attention sees clearly that he's a tyrannical dictator.

Says the poster who claimed there are no toll roads in Texas and the US has the best economy in the world even though UNESCO stated that the US ranks second highest among all measured countries, with 23.1 per cent of children living in poverty, just under Romania's 25.6 per cent.
Guy why don't you get data not just voice paranoid opinions?

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Guy on Jan 14th you stated

I can drive where ever I want without paying a toll.

and in this post you stated

Why don't you show me someplace you can't go because of a toll road and

I see a logical cotradiction, if you don't I really question your logical reasoning abilities.
The fact that I'm bit better off than the worst off does not excuse how the bottom 33% are living in 2nd world conditions in the richest country in the world. Both the wealth and income are here and less than 40% of the population receives their proportional share, which I define as their contribution to the effort.

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Well no one in their right mind actually thinks Obama was actually left wing.

So center politics is bad, but wing politics is good. Insightful.

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Well no one in their right mind actually thinks Obama was actually left wing.

So center politics is bad, but wing politics is good. Insightful.

I don't think he is a centrist either. He's on the same page as Reagan.

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Reality Internet Personality

1) Why don't you show me someplace you can't go because of a toll road and

2) Try living *anywhere* outside the U.S. and then tell me you're staying because it's better.

Canada.

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Reality Internet Personality

Poor in U.S. means free rent, free healthcare, free food, some state's free car, free cells phones for all in the house and that most people on so called welfare make approximately $60,000 in free stuff annually from our dwindling working class.

Poor in the U.S. I think not ask if any of our poor would like to move to another country after you inform them of what they can get for free.

I was smart and opened up a Roth IRA when young and working and now retired, I pay no taxes on my retirement withdrawals NO more free rides on my back anymore.

You want to see poor visit South America they have real poor people those are the ones I donate to through my church to help feed and build orphanages for their needy children and decent housing other than the boxes some live in.

True charity is not forced government confiscation of wealth. It comes from the heart.
Frank

welfare make approximately $60,000 in free stuff annually

Frank where did you pull that from?

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welfare make approximately $60,000 in free stuff annually

Frank where did you pull that from?

LOL! From government website data, right, Frank? Link us up! ;)

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Capitalize on this good fortune, one word can bring you round ... changes.

Now back to reality.

World facing ‘wave of epic debt defaults,’ says economist who predicted Lehman crash

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Reality Internet Personality

welfare make approximately $60,000 in free stuff annually

Frank where did you pull that from?

LOL! From government website data, right, Frank? Link us up! ;)

It seems Frank is going to keep it a secret where he got his unfounded assertion.

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Now back to reality.
World facing ‘wave of epic debt defaults,’ says economist who predicted Lehman crash

That's Russian news media.
And don't trust Nobel laureates in economics!

World Economic Forum.
http://www.weforum.org/events/world-economic-forum-annual-meeting-2016?utm_content=buffer07fc0&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer