I was just thinking about the greece debt crisis and how the perception of problems (real or otherwise) is driving their borrowing rates up. As the economies of the world recover, capital will flow away from government bonds and back into the various markets / private investments definitely driving up our bond rates.
Obviously rates have tremendous power over any entity that borrows. So being able to set rates can be seen as being able to exert control and influence over the entity. Is capitalism the argument that monied interests/people should govern competing with the other forms of government say democracy or communism? We're fond of saying that capitalism results in the most efficient application of resources.
Is capitalism a valid government model however? Is capitalism and money essentially a shadow government? Look at all the money we dole out to other countries. Are we essentially ruling them through capitalism in that we have the largest economy and therefore money? Since china is a big creditor, does that mean it is overtaking America as the president of the capitalistic government? Why does china have influence while Japan with equally large bond holdings not hold the same role...
capitalism, another form of government?
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