Marc Faber says this is the end of capitalism.who will agree or argue that taxpayers?

[pedro76]

taxing taxpayers of the future to prop up failing banks so called to big to fail.When the big banks know they can take any risk since they can depend on gover to back them up they will play wildly with money as recently lost it.Taxpayers will be the ones to suffer while bankers fail but still get paid multi-millions or more.Printing money will debase it

 

[tybalt]

Capitalism is based on supply and demand if their are no good paying jobs their is no demand

 

[Perfectly Paranoid]

that a question? sounds like a description of our current state of affairs. When liberty dies, capitalism will die with it. Capitalism is liberty in the free market

 

[Josh]

No, it isn't the end of capitalism, that's silly.

Propping up banks is necessary. I agree though that they should not be allowed to be too big to fail and I think it's obscene that the banks weren't nationalized and the people who made this mess kicked out.

Printing money will not debase it, we're in a deflationary/recessionary scenario and printing money debases currency only when the economy is operating near full capacity. That's basic economics.