SM ,

What you’re seeing as shortcomings of Capitalism are actually what makes it an efficient and wonderful system. I haven’t picked up and Econ book for almost twenty years now but during those years I have looked at the world and examined it using the tools I learned as a student of Economics.

Economics is one Science that can be immediately applied to the world around you. It allows you to understand and predict the actions of Individuals, Corporations and Countries by using Economic modeling and principles which some, admittedly, are always changing just like any other Science.

Apparently you point of view has been narrowed by the loss of your job. I understand- I didn’t like losing mine either. But the example you cite describes the process of deconstruction. Read a bit about it. Out with the old in with the new. Capitalism is dynamic and all the changes are made without any guidance or planning except for regulation. Products, Services and processes that satisfy the needs and wants of the people will enjoy continued success. Others will wither and die leaving resources for new and better products. It all happens because people are given the opportunity to build a better life for themselves. The individual is guided by his/her own desires and is allowed to prosper depending upon the CHOICES they have made.

You probably think that recessions are bad. I don’t think so. Recessions are like pruning the deadwood from a fruit tree. These branches, which produce no benefit for the tree, only hamper the trees grow. I personally have seen several unsound businesses get a start because the economy was overheated and markets expanded very quickly. During the current recession, these businesses folded because of their unsound practices and poor management. Enron just came to mind.

Change, Growth, Success and Failure are all integral parts of a system which allow us to live in freedom and determine the destiny of our own lives.

Rob