Anti Capitalism

I suggest you avoid mirrors and selfies.

 

Aig never should have been bailed out , they wrote many of the credit default swaps that was the main impetus to the crash. I also know you have no Idea what I'm talking about. I kind of like that.

 

Wow that's a come back. You don't let anyone get it over on you, that's for sure.

 

I'm sure you are legion in your inner circles. Table for one?

 

ROFL!! At last you got something right. I would also point out, however, that several insurance companies also got wiped out when Hurricane Katrina happened. They just didn't have enough reserves to cover the huge, widespread losses.

The same thing happened to AIG. That's the problem with asset bubbles. They are difficult to recognize happening and it is even more difficult to forecast losses when they collapse. And the collapse of the housing market due to the failure of so many sub-prime mortgages was a lot like a hurricane!

 

The social network based on private charity is fine in a small community, in which everyone knows each other. In such cases, the fear of shaming usually makes people do the right thing, even if they don't want to. In a anonymous modern society, private charity is insufficient. That's where the government steps in, and it has worked remarkably well, unless you hate paying taxes.[/QUOTE]

As I have constantly been saying on this forum for years, this is why I think left and right should rally around decentralised democracy. None of this "the states have some power but have 30 million people anyway so what's the point". I'm talking serious local autonomy, not unlike the USA enjoyed from 1777 to 1787.

 

A superlative post, I am without words.

Thank you.

 

Disposed of???

Why don't you clarify that, Trotsky.

 

:throw away/out, get rid of, discard, jettison, scrap, junk;
informaldump, ditch, chuck, trash, deep-six
And I love the Trosky shot. Especially when I know and in fact can guarantee, that you have no knowledge of what it means.

 

What a bunch of crap, Strike! ok do you know what lock out means. Unions. Workers have no right joining together in a block to sit down with management and come up with a acceptable contract on both parties agreement. What are you afraid of. So who is worse, your blood sucking minimum wage paying business without benefits or the union. Without regulations your business would eat our children. You may not know this but there is no conscience in capitalism and most supply side economist say it shouldn't even be considered.
By the way your long diatribe is nonsense and I know of no one that even thinks that way. It's only in your mind buddy.

 

You have nearly 1800 posts, and 50 likes. A monkey pounding on a keyboard would have done better.

Your posts are not worth even seeing. On the death list you go.

 

Many of the private technology that's been developed was due to the government subsizing industry and guaranteeing return on their investments. This isn't the free market at work.

 

The government wanted to by x. The only place to get x was the private sector...Out side of the defense industry this is rare. Even rarer for it to actually work.

 

Lol...How utterly naive. I know 12-year olds who understand reality better than that.

 

So 12 year olds are your reality, why am I not surprised ?

 

I always wonder why anyone would care about the number of likes they have unless they are fishing for them. I';m glad you pointed that out because it's a complement.

 

Do you not see advancements in the military, agriculture, pharmaceutical or energy industries? These have all been heavily subsidized and protected by the state.

 

Miltary yes to a much lesser extent agriculture, and the latter had much more to do with keeping food prices reasonable, The energy energy has been blocked far more than it has been helped. Pharmaceuticals have had some small degree of help but largely inpointing them in a potentially promising direction and patent laws.

 

Capitalism refers to the basic right of individuals to own capital (property) and to profit from trading it or from selling whatever one may produce with it.

Labor is not capital, it's a commodity that employers buy with wages and salaries. The sale of labor is not an investment and does not entitle workers to own the products they produce or to profit from the sale of those products. We are only entitled to profit from selling what we produce with our own property.

Trade isn't capitalism but it is a property right. The way trade is supposed to work is that both parties in a transaction exchange what they have for what they want. Each party relinquishes ownership over what they give up and each party takes ownership over what they receive.

The problem with the U.S. economy today is that sellers retain ownership over what they sell after they've sold it, which limits the rights of consumers to reproduce it. You buy a DVD and the first thing you see is a message from the FBI warning you of the severe consequences of attempting to sell copies.

What makes free markets free is the absence of monopolism. What makes captive markets captive is the absence of any real competition or opportunity for small businesses. America has always been a captive market, ruled by manufacturing and publishing monopolies, and that's why it's never worked well for most people. The solution is not to destroy capitalism or to oppress it more than it already is but to liberate it by eliminating monopolism. We can start by repealing the copyright clause of the U.S. Constitution- article 1, section 8, clause 8.

 

One of the biggest kicks I get her, is having one of these haters call me, my country or my party a commie , which then automatically means they don't know what the **** they are talking about. I guaranty they have no idea what it means.

 

Interesting. Capitalism does have it's problems but there is nothing that can compete with it as long as it has the promise/potential of the chance to get ahead, something that the trickle down lie has taken away totally for the last 35 years. That since a little thing that Reagan sold us in 81. Which makes him one of the most destructive presidents in our history. Capitalism can not exist without that unwritten promise.. .
I find humor in the right saying that Business needs tax cuts and deregulation to save it, like it is in trouble. Business has never had it this good with massive profits , massive increase in profits and the highest percentage of gross that is profit. All of them being at historic highs. Why would we even consider tax cuts and deregulation when business is on gold street with the way it is now.
I have to wonder though about your statement about Monopolism , I don't support it by any means but it has been part of capitalism for as long as there has been capitalism,. I mean it is no different then now with the total distribution of wealth only going to the top.
Nice comment.

 

We are in some agreement here. Some industries particularly energy I feel would have made greater strides if a more free market was available. Unfortunately under our sytem of statist capitalism innovation has floundered. However true free markets have rarely existed for these industries that are foundations to our society.

 

We had a free market in energy until the great depression ditto farming, and almost everythng else.

 

Penalties to business is usually in the form of a fine. There is no process to put Ford in jail, however the indiviuals that decide the actions of Ford are protected under the entity of the corporation.

Consumer protections or regulations recognize a standard of quality, and are created as a result of the lack of justice and responsibility.

 

Corporations need regulation , without them they would eat our children for the bottom line. Capitalism has no conscience and most Economist on the right believe that it has to be that way. It really doesn't