The Capitalist System Is Decaying Because Of Its Own Contradictions

Discussion in 'Economics & Trade' started by resisting arrest, Aug 20, 2011.

  1. AFM

    AFM Well-Known Member Past Donor

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    Because those who worship the state cannot blame the state. That would be "blasphemy".
     
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  2. Reiver

    Reiver Well-Known Member

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    This is naive on two levels. First, government is crucial for capitalism. Chang, for example, demonstrates the importance of interventionism for the creation of capitalist markets. Second, it shows an innocence of crisis theory. Take something as simple as cost-plus pricing. That is sufficient, given the impact of market power, to ensure threats of stagflation from business cycle movements.
     
  3. Longshot

    Longshot Well-Known Member

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    Can you tell me about a depression/panic/bust that was NOT caused by government intervention in the free market?
     
  4. Reiver

    Reiver Well-Known Member

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    Your question is nonsensical. Government is a natural part of capitalism. Your question should be "why don't depressions happen in free markets?". I'd chortle and reply with the obvious: 'free market economics assumes free markets can exist'.
     
  5. Starjet

    Starjet Well-Known Member Past Donor

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    As stated before, let us agree to disagree. By the way, my favorite fictional hero is an engineer, John Galt, who developed a power source that was cheap and reliable, and would put energy companies out of business. It was a power source that ran off of the static electricity in the air. He didn't have faith in any thing. He had knowledge and used it. You should read his speech in Ayn Rand's Atlas Shrugged concerning faith, God, and reason. But as in all things and always, your life, your choice.

    Best wishes and Good luck.

    It is best to end this discussion as it doesn't belong on this thread. My last response.
     
    Last edited: Nov 13, 2017
  6. Longshot

    Longshot Well-Known Member

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    Government is a natural part of all societies.

    And I knew you would not be able to tell us about a depression/panic/bust that wasn't brought about by government interference in the market.
     
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  7. Reiver

    Reiver Well-Known Member

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    You knew I couldn't answer a nonsensical question? Well done, very insightful!
     
  8. Longshot

    Longshot Well-Known Member

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    Do you understand what is meant by "government interference in the free market"? I'm sure you've heard the term before. Perhaps you've heard the term laissez-faire?
     
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  9. Reiver

    Reiver Well-Known Member

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    If government interference occurs there cannot be a free market. Bit obvious really

    Yep, pie in the sky stuff (often used by poor victims of American libertarian sites funded by big business)
     
  10. Longshot

    Longshot Well-Known Member

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    Good, so you understand the difference between a laissez-faire government and a government that interferes in the market.

    So can you point to any depression/panic/bust that wasn't caused by government interference in the market? (Typically the financial/credit market)
     
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  11. Starjet

    Starjet Well-Known Member Past Donor

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    Men need a government to protect their rights and settle their disputes, i.e., criminal law and civil law. These laws must be objective, not based on faith or Christian mores, but on reason, logic, and individual rights.

    The state is not evil. What is evil are those who steal from the productive to buy the votes of the envious. i.e., the democrats and republicans of today. What is evil is those who use the government's gun to interfere in market place in the name of Christian Altruism.

    And just for the record, Trump is one of the worst of them. He is no supporter of capitalism, (I doubt he even knows what the terms means), no supporter of individual rights, no supporter of a free press, no supporter of man's right to life, liberty, and the pursuit of happiness, including property rights. He is for all intent and purposes a neo-fascist lite who pays tribute to Ayn Rand only to pretend he's a capitalist hero. He's not. A free market means just that, a free market--no government regulation, no minimum wage, no limit on prices, no limit on wages, no laws against insider trading, no laws enacting tariffs, no laws about anything other than fraud and thievery.

    The only job of the state is to protect my right not to be defrauded, defamed, robbed, raped, assaulted, and murdered; and to protect my rights to property, free speech, freedom of thought, and freedom of action, with the only condition being I don't violate the rights of others.

    Radical Capitalist w/ Yaron Brook: Trump's Governing, Football and Tribalism


    Ayn Rand: “Lobbying” is the activity of attempting to influence legislation by privately influencing the legislators. It is the result and creation of a mixed economy—of government by pressure groups. Its methods range from mere social courtesies and cocktail-party or luncheon “friendships” to favors, threats, bribes, blackmail.--“The Pull Peddlers,”
    Capitalism: The Unknown Ideal, 168--http://aynrandlexicon.com/lexicon/lobbying.html

    Ayn Rand: "If physical force is to be barred from social relationships, men need an institution charged with the task of protecting their rights under an objective code of rules.

    This is the task of a government—of a proper government—its basic task, its only moral justification and the reason why men do need a government.

    A government is the means of placing the retaliatory use of physical force under objective control—i.e., under objectively defined laws.--http://aynrandlexicon.com/lexicon/government.html

    This what a government is created for--to protect those of us born with wings

    Born With Wings by Byran Larsen @
    http://cordair.com/artists/larsen/works/born-with-wings/index.html
    [​IMG]
     
    Last edited: Nov 13, 2017
  12. james M

    james M Banned

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    this is something that a kindergartener would agree with so why are you pointing it out as if its a great discovery? Let us know.
     
  13. james M

    james M Banned

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    sounds like you want the state to promote Christian ideals so that people won't be inclined to defraud defame rape etc?
     
  14. james M

    james M Banned

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    yes but it still does not cross the liberal's mind that their liberalism is responsible.
     
  15. james M

    james M Banned

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    so the wisdom of elites, and their Constitutional directives, should be our rulers? sounds very liberal?
     
  16. james M

    james M Banned

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    mostly they get into a voting booth to restrict their freedom and liberty by voting to expand liberal govt control and violence.
     
  17. james M

    james M Banned

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    Marx was an economic determinist. History he felt was about economics so economist is about politics and liberty. 1+1=2
     
  18. james M

    james M Banned

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    Christianity is the source of Western morality. Are you against morality? 2nd prevents establishment. Heritage never tried to establish so you are 100% mistaken.
     
  19. gamewell45

    gamewell45 Well-Known Member Past Donor

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    I wanted to make it easy for you to understand.
     
  20. AFM

    AFM Well-Known Member Past Donor

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    Galt had faith in his ability to develop an energy source. He is a fictional character but that characteristic is shared by all in the technical fields who help develop products which result in a higher standard of living which we all enjoy.
     
  21. AFM

    AFM Well-Known Member Past Donor

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    The government can do considerable damage. The latest is the EU immigration policy which is destroying Europe. Another tragic example is the US housing bubble & financial crisis which resulted from government housing policy, government monetary policy, and government banking regulations.

    Government should stick to their core responsibilities - national defense, national infrastructure, and enforcing the rule of law.

    BTW - Trump Derangement Syndrome is on full display in the quoted post above.
     
    Last edited: Nov 13, 2017
  22. AFM

    AFM Well-Known Member Past Donor

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    Yes - and this is on full display in this thread and many others on this forum.
     
  23. Starjet

    Starjet Well-Known Member Past Donor

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    Close, but no cigar.
     
  24. AFM

    AFM Well-Known Member Past Donor

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    Completely accurate. The elites running the EU governments care more about the immigrants and the false narrative that immigration is beneficial than they care about the citizens of their countries. The same is happening here in the US. That explains Brexit and Trump.
     
  25. Starjet

    Starjet Well-Known Member Past Donor

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    Jeez, now I have to put you on ignore just to shut you up. Sorry
    Best of Wishes and Good Luck
     

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