Should we fix American capitalism?

Discussion in 'Economics & Trade' started by Kehau, Aug 27, 2014.

  1. Kehau

    Kehau New Member

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    I think we can't and should not fix capitalism. It is perfect. Yes, we have inequality, poverty, crime, big biz but they are inevitable. There will and msut always be rich and powerful and they will always rule others because it is human nature. God has created the world the way it is today: rich people should rule and others should follow. That's just a fact of life. It is the law of nature. We can't change that. We just need to live the life and accept the reality. Those people who want to fix capitalism are bloody commies and socialists.
    So what do you think?
     
  2. FreshAir

    FreshAir Well-Known Member Past Donor

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    not sure why republicans want to turn the USA into another Mexico, if they like Mexico so much, just go there
     
  3. freemarket

    freemarket New Member Past Donor

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    The problem is that the smart money is moving out of USD assets. Anyone that has any wealth is dumping the dollar and you know what they say about rolling down hill. There is a diminishing middle class which was the back bone of the economy. It cant be fixed since all the jobs are gone and will end in the dust pan with the other 200 fiat currencies.
     
  4. PabloHoney

    PabloHoney New Member

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    I think your argument is a very poor defense of capitalism. Even the best economists in the world will tell you capitalism is not perfect. How can a system where there will always be a segment of the population unemployed be perfect? There are reasons welfare states exists. Capitalism has not provided every one with the most basic needs always.

    Your whole logic of "Haters be damned!" and ignoring the problems that exist in the world is a good way of starting a revolution that gets capitalism overthrown if anything lol.
     
  5. Dingo

    Dingo New Member

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    Nothing like damning with faint praise. This amounts to one of the weakest defenses of capitalism I have seen. But then again maybe it makes it more honest. In addition, instead of red baiting why not address the inadequacies of some sort of communist-socialist solution. I'm neither a Marxist or an anti-Marxist. I take him as a serious political-economic analyst with all the inadequacies associated with being a human and a child of his times and culture. However I think he did raise an interesting question. Is poverty built into capitalism ie does it require a poor labor force at its base along with a large unemployed reserve population to drive profits? This Marxist declares it structurally necessary to capitalism. Whether you agree or not it raises some interesting questions.

    http://www.counterpunch.org/2014/08/26/keynes-is-dead-long-live-marx/

     
  6. Taxpayer

    Taxpayer Well-Known Member Past Donor

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    *shrug* I think it's silly to post a call to inaction.





     
  7. tkolter

    tkolter Well-Known Member

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    Yes but in the Proverbs and many places in the Bible in the NT the mighty and powerful, rich and leaders and those over the poor are to lead with mercy and to treat the poor honorably. If they work for you and your the employer their Master your commanded to treat them well I assume that means fair pay and other benefits. And following this leaders should take care of those under them assuring fair treatment of the least among those under them and see those working have decent lives and infirm provided for.

    Is that the case in the US a so called Judeo-Christian Nation?
     
  8. jakem617

    jakem617 Member

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    While I agree that there inequality isn't a big problem, and capitalism is one of the best, most fair, and only truly humane system, I disagree that "rich people should rule". The fact is, nobody should "rule" over other people. I am a firm believer in property rights, and the government should not be involved beyond the extent of determining property rights under the rule of law. I think that capitalism, unlike communism or socialism, has actually taken a significant amount of power AWAY from people on the top. However, even though we The People did an excellent job of usurping this power from the privileged and powerful, and have given it back to ourselves, I am afraid that too many people are all to willing to hand it back in exchange for the potential of temporary security. I don't mind big biz, but I have a big problem with them being in bed with politicians, especially on the federal level. Unfortunately, the people who hate inequality most, and are arguing for government to do something about it, are too ignorant to realize that many of the people in congress are members of the top 1%. The fact is, government WILL NEVER be able to artificially create a more equal society in which all people are better off than they would be under a capitalist system. They may create more equality, but the cost will be everybody being worse off, and the elite, the rich, the politicians, the bureaucrats, having a stranglehold on power that will be difficult to take back (especially if they have that power legally)...that's why the second amendment is so important, but I digressed.
     
  9. jakem617

    jakem617 Member

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    There's a big difference between employing somebody and treating them well, and simply dictating how other employers should treat their employees, without actually producing anything of tangible value (politicians). One of them is capitalistic, based on the ideals of freedom, liberty and property rights. The other is communistic, based on the ideals of power, tyranny and slavery.
     
  10. Sweetchuck

    Sweetchuck Member

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    Depends.

    If you're the CEO of Walmart, probably not.

    If you're an entrepreneur trying to emerge in the big box retail industry, absolutely.

    America is not or close to a pure capitalistic country, the market is far from free.
     
  11. Frederick_NL

    Frederick_NL Newly Registered

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    Hmmm... I don't agree with this. "God has created the world the way it is today: rich people should rule and others should follow. That's just a fact of life. It is the law of nature. We can't change that. We just need to live the life and accept the reality. "
    To me, that sounds like a quote from a High Catholic Statesman from the 18th Century.
    Poor people (Farmers, and workers, for example) stayed poor, Rich people (Nobility for example) stayed rich. You are right about the fact that there will always be people who want to "dominate" over others. it's up to those who live under their rule to decide wether they want to rebel against it or not. People who do, don't have to be Communists or Socialists.
    If we look at the french revolution, They fought for freedom, equality, and one other thing which I can't remember. But look at France now, is it Communist/Socialist? Nope. Has it ever been Communist? Nope.
    One more thing: Have a nice day.
    ~Frederick.
     

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