In a recent talk with CNBC, Marc Faber, the author of “The Gloom, Boom & Doom Report, claimed that “a sustainable recovery will only when the corporate system will be cleaned of losses and capitalism risks collapsing if this does not happen.
If the central banks are printing all this money, and governments around the globe are artifically pumping up their economies, are we in for a big collapse? Marc Faber surely thinks so: “Unless the system is cleaned out of losses, “the way communism collapsed, capitalism will collapse.”
Marc Faber also sees the US going bust: “The US government for sure will go bust. That I guarantee you. Not tomorrow, but it will go bust,” he added.
Marc Faber is definitely not the only one discussing the potential failure of capitalism. Over the past few months the question has gained more and more momentum, with pro and contra supporters giving their opinion all over the web.
So are capitalism’s days numbered? Or is all this just a small hiccup? What do you think?