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re: Why would anyone be against capitalism?
Posted on 6/30/18 at 2:28 pm to Antonio Moss
Posted on 6/30/18 at 2:28 pm to Antonio Moss
quote:
Um, no.
Um, yes.
capitalism. [kap-i-tl-iz-uh m] noun. an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.
Even in China, corporations are not state-owned because the Chinese see the importance of capitalism for their future. You're seeing 21st century capitalism through coke bottle glasses. Individual and small business capitalism is still prevalent in our society and a few others but corporate capitalism has taken over the world.
International capitalism occurs between corporations. There are no borders for them. The future is here.
1
Posted on 6/30/18 at 2:31 pm to Kentucker
Yeah, the Cato Institute clearly doesn't know what it's talking about.
Posted on 6/30/18 at 2:36 pm to Brazos
quote:
You get out what you put in. It doesn't get any fairer than that.
Because there is a percentage of the population that would rather rent seek than produce.
Posted on 6/30/18 at 2:43 pm to Antonio Moss
I'll have to assume that your post is referring to market places within nations since you didn't elaborate. Or even provide a link for context.
My point is that corporations have developed an international market place that is nearly exempt, and most likely will soon become completely exempt, from the limitations of political boundaries. The current "trade war" will give us an idea how far along we've come as a world ruled by corporations.
My point is that corporations have developed an international market place that is nearly exempt, and most likely will soon become completely exempt, from the limitations of political boundaries. The current "trade war" will give us an idea how far along we've come as a world ruled by corporations.
Posted on 6/30/18 at 2:50 pm to Kentucker
quote:
My point is that corporations have developed an international market place that is nearly exempt, and most likely will soon become completely exempt, from the limitations of political boundaries.
1) That simply isn't the case and 2) just because international trade takes place between oppressed societies doesn't mean the natural benefits of that trade are realized by those oppressed populations.
This is Africa in a nutshell. Nigeria is the second largest economy in Africa and engages in all kind of international trade. Yet, all of gains realized from that trade are swallowed by a totalitarian government that feasts off of being a rentier state.
No person with a basic understanding of economics would describe that as capitalism.
Posted on 6/30/18 at 3:21 pm to Brazos
Because lazy assholes that claim to bring in only $200-$300 a month want more free shite.
Their galaxy 8s on an obamaphone plan, hundreds of dollars in food stamps, and $30k cars...aren't enough.
Their galaxy 8s on an obamaphone plan, hundreds of dollars in food stamps, and $30k cars...aren't enough.
Posted on 6/30/18 at 3:23 pm to Brazos
quote:
You get out what you put in. It doesn't get any fairer than that.
People with no confidence don't want to face the unknowns, including failure. They want a guarantee.
Posted on 6/30/18 at 3:51 pm to Brazos
Capitalism without a moral society will lead to socialism as the antidote.
Think of socialism as a state enforced replacement for religion. It's the path we are on, and the path many other countries are following.
Think of socialism as a state enforced replacement for religion. It's the path we are on, and the path many other countries are following.
Posted on 6/30/18 at 4:28 pm to Antonio Moss
quote:
And in what system have the "winners" not used the system to protect themselves?
They will always protect themselves as best they can. I'm not arguing against capitalism.. it's a pro-government stance. Protections/regulations result in costs that get passed on to the consumer and with free elections the consumer can choose how much they are willing to pay by voting. The more an individuals vote matters the more free they will be.
Posted on 6/30/18 at 4:33 pm to Brazos
If you are a fricking noncompetitive loser you want to be taken care of. If you have no talent you want everyone to get the same results.
Posted on 6/30/18 at 4:57 pm to CivilTiger83
quote:
Capitalism without a moral society will lead to socialism as the antidote.
Posted on 6/30/18 at 5:03 pm to Brazos
Because there were educated in liberal departments of schools like LSU.
I know a kid that is a devoted socialist--so much so that he says no true socialist country exists today. He wants to nationalize all the big companies and make all companies employee owned.
He graduated with honors from LSU.
I know a kid that is a devoted socialist--so much so that he says no true socialist country exists today. He wants to nationalize all the big companies and make all companies employee owned.
He graduated with honors from LSU.
Posted on 6/30/18 at 5:06 pm to Brazos
quote:
You get out what you put in. It doesn't get any fairer than that.
There is an incredible amount of luck involved in capitalism also
Posted on 6/30/18 at 5:10 pm to Powerman
quote:
There is an incredible amount of luck involved in capitalism also
Only in an entrepreneurial or investment sense - acquiring skills for wage labor isn't rocket science, nor is it a matter of luck.
Posted on 6/30/18 at 5:34 pm to bmy
quote:
The more an individuals vote matters the more free they will be.
I disagree with that. Populations vote for less freedom all the time. It's the basic idea as to why we became a Republic instead of a Democracy.
Posted on 6/30/18 at 6:08 pm to HempHead
What do you think about the inevitable fact of automation/robotification of the workforce? It seems to me that it most definitely will lead to greater inequality.
Posted on 6/30/18 at 6:13 pm to rbWarEagle
quote:
What do you think about the inevitable fact of automation/robotification of the workforce? It seems to me that it most definitely will lead to greater inequality.
I believe that automation will eventually lead to Universal Basic Income which will lead to greater inequality but will, more importantly, will crush upward mobility and create a permanent underclass.
Posted on 6/30/18 at 6:22 pm to Antonio Moss
I agree, but I’m not sure I’m sold on the (lack of) potential for upward mobility. There will probably be creative pursuits that will still give way to it. Our society just happens to be cognitively stratified because of the way it developed. I’m not sure I’m ready to say we won’t be able to adapt when UBI comes.
ETA: lack of
ETA: lack of
This post was edited on 6/30/18 at 6:23 pm
Posted on 6/30/18 at 6:27 pm to HempHead
quote:
acquiring skills for wage labor isn't rocket science, nor is it a matter of luck.
Would you agree that some people are born smarter or more talented than others? I wanted nothing more than to play professional tennis when I was a kid but I realized early on that I just was not talented enough. No amount of hard work was going to change that fact.
Luck plays a huge part in one's success and lack thereof. It is just uncomfortable to admit that fact. It feels better to believe success is solely due to hard work and diligence.
Posted on 6/30/18 at 6:29 pm to jclem11
Our inherent biological limitations affect our potential ceilings as far as work goes, but everyone with an IQ above 90 is capable of productive, profitable work at this moment in time.
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