capitalism in the past and present and destroyed economics time after time, when the chicago school boys went into south america with their ideology of free market and capitalism, they skyrocketed the inflation in several countries there and destroyed their domestic industries because the free market preached by capitalism encourages countries to open their trade borders by eliminating tariffs and destroying any slightest hint of protectionism in these countries against international trading. What happened when the government in these countries listen to the chicago school boys was import goods start flooding the country destroying the abilities of domestic manufacturing industries to compete with the established industries that came from america and british.

At this point you should be able to get a hint how capitalism goes out the seek and destroy regulations be it international trading barriers or making governments privatizing government services. In America, the world in iraq has almost totally be outsourced to defence contractors from everything such as hostage integoration to the supply of shower / drinking water for the US infantry on the ground

another ill effect of the regulationism preached by capitalism was at its peak when the Global Financial crisis happened. Investment banks all over the world by trading heavily in derivatives made up of CDO (collatarized debt obligations) that in simple terms are ranked mortgage back debt derivatives, selling them to unsuspecting investors using money taken from the superannuation funds and the like. And while they are doing it, the investment banks would hedged against the risks of default themselves thus shielding them from the onslaught of the GFC. All of this was allowed to happen due to the wave after wave of support for deregulations in the financial market which thank goodness has been partially reversed by a recent bill from obama admistration to tighten up these regulations again.

Capitalism is a lot more than rich people being rich and unfair to poor people being poor and unwilling to work for it or whatever. It is scary and scarier than a horror movie if you start reading into it. However there are environments where even with the absence of regulations seem to work very well is the internatioinal foreign exchange forward wholesale market and works on the theory of interest rate parity etc The market works without a regulatory bodies and prices are actually being freely determined by market forces. However, outside of that, de regulation has caused massive problems all over the world and that would only be challenged by 1% of the population (or much less) who have managed to benefitted from the demises of so many third world economies in history and present

cute link

I do know what is and about economic hitmen , here's a better link showing the confession of the maker of the vid you posted himself when he was working as one. It's like a movie , you'd love it.

http://www.youtube.com/watch?v=yTbdnNgqfs8

What I think about it is that it is an extremely real and scary. And that you can see the actual things starting to happen now with things like

http://oilprice.com/Energy/Oil-Prices/Iraq...ion-Target.html

and within that include shell/petronas/halliburton etc . basically, if there was a winner to the war in iraq, it is definitely not the al qaeda being able to drag on the war for so long, it's not the american or coalition troops and fought on the ground but the capitalist machine that drove the war in the first place

I haven't been reading on my interest in these world economics lately so apologize that I couldn't provide deeper insight or opinion but might try to pick it up again once I graduate (funny thing is I don't even study economics etc )

This post has been edited by daccorn: Sep 4 2010, 10:48 PM