Capitalism vs. everything else

Discussion in 'The Okie Corral' started by RWBlue, Mar 24, 2010.

  1. RWBlue

    RWBlue Mr. CISSP, CISA CLM

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    I have caught an undertone on some other threads that some people don't believe in capitalism.

    If you don't believe in capitalism speak up and tell us how much better it would be with your preferred way.

    Tell me where your way has worked out better.
     
    Last edited: Mar 24, 2010
  2. certifiedfunds

    certifiedfunds Cosmopolitan Bias

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    This is an excellent idea, Blue.

    There are lots of communists and useful idiots around these days.

    Why mince words, fellas?
     

  3. Swiper

    Swiper

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  4. zeke66

    zeke66

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    I'm all for capitalism, but not the brand of capitalism that was prominent in the late 1800's and early 1900's. Back then, a very few controlled almost all the wealth, with the rank and file working 60 or 70 hours a week, just to eat.

    In a modern, heavily populated, much less agriculturally oriented, industrialized country, a strong middle class is the very glue that holds society together.

    With the loss of so many manufacturing jobs here in the U.S. in the last 20 years, the middle class is shrinking. That is not a good thing.

    I don't pretend to have all the answers, but capitalism, at least in SOME form is absolutely essential for the continued prosperity of a modern people.
     
  5. bob_fuller

    bob_fuller

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  6. timbob

    timbob

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    There is nothing wrong with Capitalism. There is, however, something extremely wrong with mindless consumerism. People need to achieve a little bit of self-control, remove themselves from the television for a bit and learn the difference between need and want.
     
  7. Z71bill

    Z71bill

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    Is capitalism better than --

    GOVERNMENT PLEASE SAVE ME :crying::crying::crying:



    :upeyes:
     
  8. Rabbi

    Rabbi The Bombdiggity Lifetime Member

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    There really is no such thing as Capitalism. What you have is all out anarchy and then everything else is some degree of socialism. We call our brand of socialism, capitalism.

    While you can complicate the issue far more than that, at the end of the day, that is what you are left with. All systems are socialism, the issue is to what degree. We also cant get passed the fact that socialism is the natural default of just about everyone, again, the issue is the degree.

    BTW, socialism is written into the constitution. For the sake of criminals (or the accused) and for the benefit of Lawyers. Imagine that.
     
    Last edited: Mar 25, 2010
  9. mitchshrader

    mitchshrader Deceased

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    the capitalist flavor of socialism seems to be less prone to tyranny than some other flavors.

    though not immune, it's far from the worst example. money in the service of social mobility creates a modicum of social equity as a consequence..
     
  10. hamster

    hamster NRA Life Member

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    I think people generally confuse their "isms"

    Personally, I'd consider myself a Libertarian, Voluntaryist, Free-marketeer or Anarcho-Capitalist. Any of those terms could describe me.

    Many people (especially those on the left) confuse Capitalsm with Corpratism. People think Capitalsm is the system in which big businesses run everything and crush the little guy. This couldn't be further from the truth.

    Corpratism is the situation like we have with the health bill. Where special interests take control of government, and through the use of regulation and legislation ensure they have a monopoly power. Don't be fooled, the insurance lobby was behind the healthcare bill. Now they wield the power of government forcing everyone into a health plan. This is NOT an example of Capitalism gone awry, rather it is Corporatism working exactly as it always does.

    People worry that under un-regulated Capitalism, Monopolies arise. I disagree. In fact, without the regulatory influence of government, monopolies cannot exist.
    Ex: The only reason I can only get cable service from one provider is because the Cable companies cronies in government enforce their monopoly for them at gunpoint.

    Imagine trying to enforce monopoly power in a world with no Licenses, Patents or other government enforced forms of protectionism.

    That would be a free market. True capitalism.
     
    Last edited: Mar 24, 2010
  11. NorthCarolinaLiberty

    NorthCarolinaLiberty MentalDefective

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    [​IMG]
     
  12. Rabbi

    Rabbi The Bombdiggity Lifetime Member

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    I like that. And you are right it does. It creates a much larger upper class and a more empowered middle class.

    As has been said, in capitalism everyone gets a chance at a disporoportionate share of the good life. In communism everyone gets an equal share of misery.
     
  13. NorthCarolinaLiberty

    NorthCarolinaLiberty MentalDefective

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  14. certifiedfunds

    certifiedfunds Cosmopolitan Bias

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    I think a free man has the right to spend his money as he sees fit.

    Some people succeed in such a way that needs are easily covered and they enjoy pursuing wants.

    No issue. Its their business.
     
  15. Rabbi

    Rabbi The Bombdiggity Lifetime Member

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    Mindless consumerism would be a self correcting problem (allowed to find it's efficient level) if the Government would, with a few exceptions, stay out of credit markets.

    People can only spend the money they have or the money someone will loan them. In an efficient market, people will not loan money they dont think they have a chance of getting back with interest.
     
  16. timbob

    timbob

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    True for some. Also, the practice of such ideology does not necessarily equal a healthy economy and could probably be proven six ways to Sunday regarding its' negative impact.
     
  17. timbob

    timbob

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    Bingo!
     
  18. Republic of Texas

    Republic of Texas

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    Were these workers rounded up at gunpoint and forced to labor on these jobs? Were'nt they able to quite those employers and search for work elsewhere?

    I was under the assumption that in Capitalism that the market corrects inefficiences. If the wage is too low the workers will not do the job and the employer is forced to raise wages to attract workers. If workers will do the job then the wage is not too low and the market is functioning efficiently.

    Unions artificially raise the price of a product or service by controlling the labor thereby forcing the manufacturer or business to pass the costs onto the consumer. When the product is too expensive the consumer can't afford it and ultimately the business is forced to close (unless they are nationalized by the government). What recent debacle does this remind you of?

    And guess what, it works the same way with taxes. Taxes artificially raise the price of a product or service and the business has to pass the costs onto the consumer thereby hurting both the consumer and the business.

    At least that's how Economics 101 was taught to me many years ago. I guess that's all old school now and doesn't have any relevance with the current Administration or the Democratic Party. :whistling:
     
  19. GVIFlyer

    GVIFlyer Senior Member

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    Yawn.

    The market is a self regulating entity. Any input that disturbs the market cycle will have an adverse output at a point or place place that cannot be predicted.

    Many here need to remember (or learn) that business and the Market form the private sector. All wealth and the money necessary to fund the public sector (government and government workers) comes from the private sector. The government and government workers only consume wealth - they do not generate the first penny for the public coffers.

    Remember also, that before the government can give you anything they must first take it away from someone else.
     
  20. farkill

    farkill

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    heavy reading, tagged for later