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Capitalism = abundance. Socialism = scarcity.

Posted on 1/31/19 at 10:08 am
Posted by GumboPot
Member since Mar 2009
118819 posts
Posted on 1/31/19 at 10:08 am
Explain to me why I'm wrong.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 1/31/19 at 10:44 am to
Socialism = Scarcity of people who are alive for sure
Posted by Zach
Gizmonic Institute
Member since May 2005
112484 posts
Posted on 1/31/19 at 10:59 am to
The human motivation toward socialism is not to create abundance. It is the desire to control the lives of other people.
Posted by Y.A. Tittle
Member since Sep 2003
101436 posts
Posted on 1/31/19 at 11:03 am to
quote:

The human motivation toward socialism is not to create abundance. It is the desire to control the lives of other people.




And to get their hands on the abundance that was created.
Posted by beerJeep
Louisiana
Member since Nov 2016
35038 posts
Posted on 1/31/19 at 11:05 am to
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67096 posts
Posted on 1/31/19 at 11:05 am to
Capitalism relies on scarcity. Scarcity means higher prices. Those higher prices create the incentive to create more supply. Increased supply eliminates scarcity. Socialism doesn’t work for the same reason why anti-price gouging laws create problems: There is less incentive to create more supply. Why would someone go through great pain, cost, and effort to increase supply when they recieve the same compensation regardless of whether they do anything at all?
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67488 posts
Posted on 1/31/19 at 11:40 am to
You're not wrong.

Capitalism thrives and reproduces

Socialism dies on the vine
Posted by TheHarahanian
Actually not Harahan as of 6/2023
Member since May 2017
19523 posts
Posted on 1/31/19 at 11:44 am to

I noticed when looking at pictures from Venezuela that there are no fat poor people there.

Come to New Orleans sometime and look at the poor.
Posted by TheCurmudgeon
Not where I want to be
Member since Aug 2014
1481 posts
Posted on 1/31/19 at 11:53 am to
quote:

Capitalism relies on scarcity. Scarcity means higher prices. Those higher prices create the incentive to create more supply. Increased supply eliminates scarcity. Socialism doesn’t work for the same reason why anti-price gouging laws create problems: There is less incentive to create more supply. Why would someone go through great pain, cost, and effort to increase supply when they recieve the same compensation regardless of whether they do anything at all?


I see where you're coming from, but I'd rather sell 1000 people 1 widget each at $10 apiece to make $10,000 each year, instead of relying on 100 people to each buy $100 worth widgets every year.
Posted by Zach
Gizmonic Institute
Member since May 2005
112484 posts
Posted on 1/31/19 at 12:02 pm to
quote:

I noticed when looking at pictures from Venezuela that there are no fat poor people there.


One article I read said the average Venezuelan has lost 20 pounds in the last 5 years due to food shortages.
Posted by GumboPot
Member since Mar 2009
118819 posts
Posted on 1/31/19 at 12:44 pm to
What are the limitations to applying capitalism close to it's purest form to medical care?

We have seen where capitalism works really well in the medical industry when it comes to elective medical services like Lasix, butt and boob implants. The costs for Lasix and elective plastic surgery have come down.

Even in marginally elective medical areas like dentistry prices have stabilized or decreased.

But in areas were government is involved and medical care has been socialized to a certain extent prices have increased, wait times have not improved and choices have decreased.

Why is applying capitalism to un-elective medical care anathema to many people...at least 50% of the population?
Posted by Zach
Gizmonic Institute
Member since May 2005
112484 posts
Posted on 1/31/19 at 1:16 pm to
quote:

Why is applying capitalism to un-elective medical care anathema to many people...at least 50% of the population?


Because they consider health care a 'right.' They are very loose with the term 'rights.' We have food stamps because at some point having food became a 'right.'

Rights became all encompassing in the USSR. Their constitution contained a 'right to a job.' Sounds great. But it wasn't the job you wanted and the pay sucked. The same will happen when medical care is run by the govt.
Posted by AUin02
Member since Jan 2012
4281 posts
Posted on 1/31/19 at 1:18 pm to
Capitalism recognizes the reality of scarcity.

Socialism denies the reality of scarcity.

But covering your eyes doesn't mean it goes away. It just means you cease to understand what it's doing.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
67096 posts
Posted on 1/31/19 at 1:44 pm to
quote:

Why is applying capitalism to un-elective medical care anathema to many people...at least 50% of the population?


I think it comes down to choice. When doing an elective provedure, you have time to pick and choose what, when, and where. You can price shop and thus consumers are price elastic. When you’re shot, in a car accident, or your life is seriously in danger, there is no choice. You go to the nearest place so you’ll live. You’re not in a position to bargain. Consumers become price takers not price makers. Plus, since the service must be rendered prior to payment, it creates a real problem when it comes time for desperate people to pay. I’m not saying socialism is the best solution, but that is why it has been applied there rather than waiting on private charity to foot the bill.
Posted by GumboPot
Member since Mar 2009
118819 posts
Posted on 1/31/19 at 2:28 pm to
quote:

I think it comes down to choice. When doing an elective provedure, you have time to pick and choose what, when, and where. You can price shop and thus consumers are price elastic. When you’re shot, in a car accident, or your life is seriously in danger, there is no choice. You go to the nearest place so you’ll live. You’re not in a position to bargain. Consumers become price takers not price makers. Plus, since the service must be rendered prior to payment, it creates a real problem when it comes time for desperate people to pay. I’m not saying socialism is the best solution, but that is why it has been applied there rather than waiting on private charity to foot the bill.




I guess it's the same reason you pay $12.50 for a giant beer in the Superdome. You are captive.

But the situation is more dire when it comes to medical care. You are captive.

But that is the purpose of insurance. The allow yourself to be less captive. At least less captive to the costs.

There is certainly a balance when it comes to the issue of medial care. Too much government intervention will lead to higher costs, longer waits and less options.

Too much capitalism will lead to denied service if you can't pay...or will it?

Posted by Bjorn Cyborg
Member since Sep 2016
26776 posts
Posted on 1/31/19 at 2:34 pm to
Why have insurance companies allowed healthcare to get so expensive? They are the de facto consumer, and essentially a "buying group."
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