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  3. Confused by (so called) "capitalism"

Confused by (so called) "capitalism"

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  • S Super Lloyd

    May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

    My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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    Marc Clifton
    wrote on last edited by
    #18

    The economic model and the political model and the labels they are given are irrelevant. In any system, you will find people that abuse it, and until we, as humanity, mature enough to stop being abusive, all of those systems will eventually degrade into corruption, regardless of how many checks and balances (laws, etc) are put into place, which merely leads to the second condition of a degraded model, that being over-complexity. Marc

    Unit Testing Succinctly

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    • S Super Lloyd

      May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

      My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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      Mladen Jankovic
      wrote on last edited by
      #19

      Your love for law seem rather strange and displaced judging by your inability to follow one simple rule of this board and then you dare to judge other's people opinions. :doh:

      GALex: C++ Advanced Library for Genetic Algorithms

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      • M Marc Clifton

        The economic model and the political model and the labels they are given are irrelevant. In any system, you will find people that abuse it, and until we, as humanity, mature enough to stop being abusive, all of those systems will eventually degrade into corruption, regardless of how many checks and balances (laws, etc) are put into place, which merely leads to the second condition of a degraded model, that being over-complexity. Marc

        Unit Testing Succinctly

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        S Houghtelin
        wrote on last edited by
        #20

        Sadly, I have to agree. I hardly think that most political systems are by intent, designed to hurt people or prevent people from being successful. It is the despots, the greedy and the selfish who ruin it for everyone else.

        It was broke, so I fixed it.

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        • S Super Lloyd

          May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

          My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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          RedDk
          wrote on last edited by
          #21

          You might enjoy Charles Dicken's endictment of the flow of time T0 through T10000 entitled "Great Expectations". I'll certainly take exception to the term "fallacy" too while I'm on point. Except for this satirically subjective slant on communism you provide in it's primitive clay state, not yet seen through the plastic bag in which you've exposed it in the box, it smells like clay, yes. Not capitalism, right. And THAT doesn't smell like clay. So here's the problem. I've got to click on this link. And I'm not going to do that. Because I think you're drunk. But I do think some bug has crawled up your yinyang and you're hopping mad about it. So, Pip, this is a morality play. The whole big life thing. Spoiler alert: the guy who asked you for the file is your father! ;)

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          • P PIEBALDconsult

            Super Lloyd wrote:

            capitalism has proved itself to be the only viable economic system

            Want to try that at home? Capitalism only works on the large scale. Communism only works on the small scale. As to taxes the rest of what you ask; I dunno. P.S. I just finished reading the first of those. I laughed a bit at " (Note the power of motivation centered on equity-building instead of the fear of loss of employment.) " (regarding ESOPs) It can still be a fear of loss of employment; perhaps even moreso because so much more can be lost. Loss of a low-paying job is a smaller loss than loss of a high-paying job. With so few ESOPs, can you really get a job at another? Will you need to relocate? I worked for an employee-owned company for a few years and everyone there seemed frantic about putting every last available penny into the company and worried about what would happen if they lost their jobs. It was ridiculous.

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            Lost User
            wrote on last edited by
            #22

            A great way to make money online is with blogging with john chow review check it out.

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            • M Marc Clifton

              The economic model and the political model and the labels they are given are irrelevant. In any system, you will find people that abuse it, and until we, as humanity, mature enough to stop being abusive, all of those systems will eventually degrade into corruption, regardless of how many checks and balances (laws, etc) are put into place, which merely leads to the second condition of a degraded model, that being over-complexity. Marc

              Unit Testing Succinctly

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              Super Lloyd
              wrote on last edited by
              #23

              I think I agree with the degradation... Follow by a painful readjustment phase... We can see it in effect in the US already from manufacturing and science super power in the beginning of the century to over indebted, aging infrastructure, weakened economy now... Thankfully we got global competition and awareness now to speed up things. I just hope a renewal will come without war and not too painfully...

              My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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              • S Super Lloyd

                May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

                My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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                Mark_Wallace
                wrote on last edited by
                #24

                The most successful system is the one where corruption has the least effect, because the one thing you will never get rid of is corruption. And note that it's not bad people who are corrupt, most of the time; it's normal people, behaving like humans. Communism and socialism try to minimise the effect by getting everyone to work toward a greater good (but the greater good will always be perverted by corruption, so it's tough to make it work). Capitalism tries to minimise the effect by taking a lot of what other systems would call corruption, and making them the norm (but no matter how "corrupt" you allow people to be, they will always push the envelope until the balloon bursts). The solution There ain't one. Corruption will eventually destroy any system, so the trick is to quit when it becomes obvious that the system is going to fail, and follow one of the other systems for a while.

                I wanna be a eunuchs developer! Pass me a bread knife!

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                • B BillWoodruff

                  if(Discussion.ContainsBitwise(DiscussionTypes.Political | Disucssion.Types.Ideological) { Discussion.Move(CP.Forums.SoapBox); return; }

                  Google CEO, Erich Schmidt: "I keep asking for a product called Serendipity. This product would have access to everything ever written or recorded, know everything the user ever worked on and saved to his or her personal hard drive, and know a whole lot about the user's tastes, friends and predilections." 2004, USA Today interview

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                  Mark_Wallace
                  wrote on last edited by
                  #25

                  Line 4 is wrong:

                  return Quickly;

                  I wanna be a eunuchs developer! Pass me a bread knife!

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                  • F Franc Morales

                    Isn't it a fallacy to claim that small government and anarchy are the same thing?

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                    Billy T
                    wrote on last edited by
                    #26

                    Franc Morales wrote:

                    Isn't it a fallacy to claim that small government and anarchy are the same thing?

                    According to Merriam-Webster online[^] anarchy is the extreme version of "small government": 1 a : absence of government b : a state of lawlessness or political disorder due to the absence of governmental authority c : a utopian society of individuals who enjoy complete freedom without government 2 a : absence or denial of any authority or established order b : absence of order : disorder

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                    • B Billy T

                      Franc Morales wrote:

                      Isn't it a fallacy to claim that small government and anarchy are the same thing?

                      According to Merriam-Webster online[^] anarchy is the extreme version of "small government": 1 a : absence of government b : a state of lawlessness or political disorder due to the absence of governmental authority c : a utopian society of individuals who enjoy complete freedom without government 2 a : absence or denial of any authority or established order b : absence of order : disorder

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                      Franc Morales
                      wrote on last edited by
                      #27

                      I'm afraid "absence" and "small" are not synonyms.

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                      • G GenJerDan

                        Capitalism is an economic system. Socialism is a political system. They are not mutually exclusive...in the short run. In the long run, not so much. Communism is the ultimate end-point of socialism, if people decide they want to keep the Socialist system going. It embodies both the economic and political. (Countries are too large to effectively leave the "means of production" in the hands of the workers. On a small scale, it should work just fine.) Yeah, this is a simplistic explanation. Lounge post, not Masters thesis.

                        YouTube and My Mu[sic], Films and Windows Programs, etc.

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                        Simon ORiordan from UK
                        wrote on last edited by
                        #28

                        Actually Capitalism is a political system. Traditionally the word has been used to refer to transactions based on the Right of Property. It can be (and has been) generalised into a structure of non-contradicting Rights, which guarantee freedoms of action to individuals. The closest approach to a Capitalist state was the (constitutional) USA.

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                        • S Super Lloyd

                          May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

                          My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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                          Lost User
                          wrote on last edited by
                          #29

                          The problem with capitalism is that it is dependent upon consumption. We've gone from just producing what we need to marketing which actually produces need. It is ultimately unsustainable and creates a slave labor class. For the developed world the slave labor is off shore and the slave owners are the governments that enslave their own people. It is a sick system but no less so than socialism, communism or whatever else we've tried.

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                          • S Super Lloyd

                            May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

                            My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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                            grralph1
                            wrote on last edited by
                            #30

                            Super Lloyd wrote:

                            Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous!

                            I think that I agree with you. Capitalism is so dynamic. That is why it is so successful. It will adapt and then re-adapt as required. It just needs some social and moral rules to control the greed ( and greed is good) and keep a fair go for all as attainable and at the same time look after us all. I enjoyed the CP sub heading on the link to your post: "The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries." There must be a midpoint where we can both share a bit more and profit hugely as well.

                            "Rock journalism is people who can't write interviewing people who can't talk for people who can't read." Frank Zappa 1980

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                            • M Maximilien

                              A lot of people confuse Libertarism[^] with capitalism. A lot of people confuse communism with socialism. When one is sooooo entrenched in his own definition of his way of life that he loose all sense of reality and more importantly judgement and rationality.

                              I'd rather be phishing!

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                              SergeiV
                              wrote on last edited by
                              #31

                              Hmmm... Just wondering: In China - what is there? Which system?

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                              • S Super Lloyd

                                May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

                                My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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                                jnlt
                                wrote on last edited by
                                #32

                                'is there a name for the political system favouring the rule of law '. Yes there is. This is a constitutional republic.

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                                • K KillBot Project

                                  Capitalism promotes innovation moreso than any other system, I don't think we would live in the world we live in today without it. It's a strong driving force.

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                                  9082365
                                  wrote on last edited by
                                  #33

                                  A rather spurious justification. There are very few that find the world we live in today to be anything other than Hell on Earth. A'driving force' is not a good thing in itself. Ask those in the path of a hurricane!

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                                  • S Super Lloyd

                                    May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

                                    My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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                                    moralesk70301
                                    wrote on last edited by
                                    #34

                                    Capitalism is a term some douche politician came up with. You are talking about Free Market Economics. Every economy is partially free market and partially socialism. You sited a progressive website. Progressive means they want to progress past the Constitution. The Constitution is in place to keep the people in power instead of someone like a king or a absolute ruler. The only people that is talking about anarchy is the big government people as an argument to the small government people. It's not true. They want to keep their power and control. If you think of this as a number line with Free Market on one side and Socialism on the other side. The small government people only want to slide it to the right to give the people back the power. No one wants a complete Free Market and no one wants anarchy.

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                                    • S Super Lloyd

                                      May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

                                      My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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                                      etkid84
                                      wrote on last edited by
                                      #35

                                      When government revenues subsidize business and when most industries are dominated by oligopolies and when some businesses (e.g. NFL are considered non-profit/not-for-profit) is there really capitalism? Or something else? That is the more important question. :suss:

                                      David

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                                      • S Simon ORiordan from UK

                                        Actually Capitalism is a political system. Traditionally the word has been used to refer to transactions based on the Right of Property. It can be (and has been) generalised into a structure of non-contradicting Rights, which guarantee freedoms of action to individuals. The closest approach to a Capitalist state was the (constitutional) USA.

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                                        RedDk
                                        wrote on last edited by
                                        #36

                                        And Joe, You're NOT drunk.

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                                        • S Super Lloyd

                                          May people say (to summarize) "capitalism has proved itself to be the only viable economic system" Let say I kind of agree with that statement. Then they go on saying we should abolish tax, promote small government, blah blah, .. here I loose the plot.. This "pro capitalist" people seems to think that capitalism is anarchy. Yet anarchy has never happened and it has never been validated by past success (guess what? tax in the US were higher in the 50s). In a word I think there is a very big fallacy running around people where people attribute past success of A (what I think is capitalism) to B (which is Anarchy, and has obviously no links with past success except for the renaming) and go on promote B (Anarchy) because it is supposedly successful like A (free enterprise, rule of law) this article made everything clear! :) http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^] Further this one elaborate nicely on common confusions.. http://www.nolanchart.com/article4246-socialism-and-capitalism.html[^] Anyhow while I wanted to rename my political affiliation as "socialist capitalist" I think I would have to change (to avoid confusion) into "free entrepreneur rules of law socialist" less ambiguous! Speaking of which is there a name for the political system favouring the rule of law (as opposed to the will of despot) and private property and free enterprise (as government ownership)???

                                          My programming get away... The Blog... DirectX for WinRT/C# since 2013! Taking over the world since 1371!

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                                          jschell
                                          wrote on last edited by
                                          #37

                                          Super Lloyd wrote:

                                          Yet anarchy has never happened

                                          I question the truth of that statement.

                                          Super Lloyd wrote:

                                          and it has never been validated by past success

                                          I also question that. Certainly without a specific definition of "success". For example one might hypothesize that say 60,000 years ago that either anarchy existed or it was far closer to that than to any other system. And one might further suggest that since humans are still around that at that time it was a 'success'.

                                          Super Lloyd wrote:

                                          this article made everything clear! :)
                                          http://progressiveliving.org/economics/capitalism_socialism_communism.htm[^]

                                          Of course some of it is nonsensical such as the following_..."Beginning with Reagan, and accelerating under the Bush administrations, the US has been lapsing back into the worst of its excesses."_

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