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What's the alternative to capitalism?

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JNathanK
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27 Jan 2011, 2:07 am

b9 wrote:
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What's the alternative to capitalism?


lowercaseism


lol



Subotai
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27 Jan 2011, 2:12 am

ruveyn wrote:
Moog wrote:
Love.


Love does not grow corn and bring it to the stores.

ruveyn


Then explain hippie communes.



Vigilans
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27 Jan 2011, 2:14 am

Get a job you hippie! 8)



Dantac
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28 Jan 2011, 3:42 pm

Moog wrote:
Dantac wrote:
An interest-free banking system does not work because the very concept of banking is based upon interest.


I can conceive of a non profit bank.


There's a difference between non-profit and interest. Banks must charge interest in order to generate revenue. Without revenue they cant pay employees or their infrastructure.

Our current fiat money system depends on interest revenue being non-stop... it is what allows the economy to grow.



ruveyn
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28 Jan 2011, 7:19 pm

Dantac wrote:
Moog wrote:
Dantac wrote:
An interest-free banking system does not work because the very concept of banking is based upon interest.


I can conceive of a non profit bank.


There's a difference between non-profit and interest. Banks must charge interest in order to generate revenue. Without revenue they cant pay employees or their infrastructure.

Our current fiat money system depends on interest revenue being non-stop... it is what allows the economy to grow.



Not true. Velocity of a fixed money stock could also support growth. Just keep the pot boiling.

ruveyn