Forgive my spelling, new computor [recently] and spellcheck not working hints? no PC genieus
Capitalism, seems the only system that works
It needs growth in population profits productivity
Can we, surely we must, change it to produce a better world
Must we forever rush headlong in to a day no more growth is possible
Are producing a world that in the end serves only some humans? your thoughts pleas

No-one should be allowed to make more than 10% pure profit !

Belly,
I find labels such as "capitalism" unhelpful because they cover a very broad range of desirable and undesirable features. So if you think it's the only system that works, please list what you think are its defining features and we can discuss whether changing those would enhance, weaken or destroy its effectiveness (or even make it effective in ways it currently isn't).

>It needs growth in population profits productivity
Actually it doesn't. It works whether population is growing, steady or declining.
I'd argue it can work even when profits aren't growing.

Whether it requires growth in productivity is a moot point, because (as a trend) productivity has always been growing and always will grow. But theoretically I don't think it does, as there's always scope for competition. Even if there's no overall growth, some businesses can make profits at the expense of their competitor's profits.

>Can we, surely we must, change it to produce a better world
There are many things we should change to produce a better world. Most (possibly all) of them have economic implications, but I'd regard the changes as policy rather than systemic.

>Must we forever rush headlong in to a day no more growth is possible
Those who think growth could become impossible generally don't understand what growth actually is. Value can still grow when resource use is declining.

Or are you referring to an outcome when environmental catastrophe wipes out all the growth?

>Are producing a world that in the end serves only some humans?
No, but some are served a lot more than others. Again it's a matter of policy.

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individual,
>No-one should be allowed to make more than 10% pure profit !
Why should it be disallowed?
Who should disallow it?
How should it be disallowed?
10% of what?
What makes profit pure?

That indy is enforced socialism
Here is what I have in mind
Tax 20 percent for wage earners
22 percent for all else business Churches every one
No loopholes paid on every cent earned always
Hopefully more than one country would agree to start this off.
Tax havens considered a criminal activity
No trade with any country offering tax free zone, and the firm/person accepting it, seen to be an international crime
Extra Tax paid far out weights the lower rates
No trade no entry to our country for anyone not paying tax or involved in any avoidance
ps, new computer not able to run spell check properly yet please forgive

Aidan,
Who said profit is pure ? Pure profit means the profit that is after all expenses have been covered including wages.
We should have a set general wage amount & if those who want more can work extra as much as they like but as Belly says, no loopholes such as negative gearing or tax bracketing.
That would make us an enviable society within a very short time. the same tax on everything & not like 70% on fuel/cigarettes etc. Every article sold attracts 10% full stop. Inheritance included.

Dear Belly,

Our economy is controlled primarily by the market.
Capital goods are owned by and large by private
individuals and businesses, rather than by the
state. While the government does enforce regulations on
various industries - we do have a very effective
capitalist economy which remains one of the least
regulated economies in the modern capitalist world
letting the forces of the market drive our economy.

We're seen as being one of the most successful capitalist
nations in the world. I would really prefer this not to
change.