"What is the current state of global capitalism?"

not good for humans, to say the least.

"Companies that provide a service that people desire tend to grow larger over time. When they cease providing something that people desire or when someone else provides a superior service at a better price they diminish in size and often go out of business."

go out of business? give us a break, the ceo and the financial director fleece the company for all its worth and trash the whole thing oftentimes leaving thousands looking for work.

"This is the reason why state provided service is often inferior at a higher price to the taxpayers. Having a monopoly provides no incentive to perform."

what the hell does the above statement have to do with companies going out of business?

"Its a sad fact of human nature that even in one of the richest nations in the world(USA) 80% will retire with insufficient funds."

one of the byproducts of the current global economy.

"Why the majority of people spend everything they earn and why a few save most of what they earn is something that has been with us and is simply a human characteristic."

that is staight up calf ish.

"England in the 60s and early 70s tried an experiment whereby up to 99% of earned income was taxed. Productive individuals thus earned one penny on each dollar. How they responded was very predictable. They wisely concluded that it was not worth working very hard and many simply took more time off. Some took residence in other countries resulting in a brain drain."

hogwash.

"I guess I am of the opinion that no matter what one does the majority of people will spend every penny that you give them, its what most people do in an effort to improve their standard of living."

who's giving away money? are you?

"However if one raises taxes too high then the end result is lower tax revenues for redistribution due to productive individuals wisely concluding that its better to spend more time with ones family and friends than working for some strangers family,"

more irrelevant babble.

done