Hi everyone. Now, I`m sure that by now most of you are pretty tired of hearing the world`s politicians blaming everyone they can think of for the financial crisis, but....bear with me. My argument is that capitalism (in it`s current form) is unsustainable in the long term because it requires perpetual economic growth to remain stable. I believe that even if the current crisis had not occured, there would eventually be a greater crisis: saturation.
We would reach the point where everyone in the world had five cars, ten televisions, six computers etc. A point where the consumer could not consume any faster and economic growth became impossible. I think we should just bite the bullet and go communist now. Sure, it might feel harder in the short term, but I think we would reap the benefits eventually. What do people think?
P.S.: The above opinion is one I held before the recent economic downturn. This post is not simply an attempt to provoke reactions for the fun of it.