Capitalism

Discussion in 'Economics & Trade' started by Reiver, Dec 1, 2012.

  1. danielpalos

    danielpalos Banned

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    A Power to Tax is a form of Socialism.

    A Power to Do anything must be a form of Social-ism achieved through a Social Contract, not capital market based activity.
     
  2. Stay_Focused

    Stay_Focused New Member

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    I don't believe that people who can go to colleges should be called "talents" and given a scholarships to give them a pay for their study. They took the tax-payers money. They don't deserve more.

    And the world is not fair. Rich kids don't have to worry about paying up tuition loans, just that rich kids don't have to worry a lot of other stuffs. College should not be the place to get even.
     
  3. danielpalos

    danielpalos Banned

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    What objection can there be to establishing a form of minimum wage through unemployment compensation that clears our poverty guidelines?

    It should be more market friendly and better able to engender full employment of resources in our capital based markets.
     
  4. Reiver

    Reiver Well-Known Member

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    Inequality of opportunity in tertiary education will certainly damage the overall economic outcome, with those inequities reducing the value added from a dollar invested
     
  5. danielpalos

    danielpalos Banned

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    Should our private sector be burdened with an unemployment rate above one percent. In my opinion, no private sector should be burdened with an inefficiency rate in the market for labor due to structural unemployment.

    Public sector intervention in human capital markets can supply us with better governance at lower cost.
     
  6. manifold

    manifold New Member

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    Your qualification is just vague enough that I'm not entirely sure it's more yes than no, or vice versa. I directed that question at Reiver because he seems to believe that socialism is an all or nothing proposition, whereas you seem to be more pragmatic and reasonable. For example I'd support public ownership and control of the oil and natural gas industry, but not the automobile industry, or the banking industry, or the food supply chain etc... I favor a capitalist foundation, with elements of socialism sprinkled in where necessary to offset the known ills of an unchecked profit incentive. But IMO, completely eliminating the profit incentive is proven folly.
     
  7. Reiver

    Reiver Well-Known Member

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    The profit incentive isn't eliminated in socialism. Its just not reliant on coercion to create economic rent
     
  8. manifold

    manifold New Member

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    Exactly. And that's why socialism fails. The ideal only works if everyone acted like Jesus.
     
  9. Reiver

    Reiver Well-Known Member

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    Another ignorant statement. Its a shame that such spamming is allowed on this forum. Its just tedious
     
  10. danielpalos

    danielpalos Banned

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    In my opinion, the physical layer of infrastructure is a natural public sector monopoly.
     
  11. Reiver

    Reiver Well-Known Member

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    A natural monopoly merely refers to the magnitude economies of scale such that more than one firm cannot make profit. Utterly ridiculous comments on this thread. Shame there isn't a pro-capitalist here with knowledge
     
  12. manifold

    manifold New Member

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    ^Ironic post is ironic.

    - - - Updated - - -

    I have no idea what that is supposed to mean.
     
  13. danielpalos

    danielpalos Banned

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    That is the point I am making by claiming that natural public sector monopolies are such, simply due to the scale economies involved and the "consumer base"; which no private sector can hope to match.

    In the case of the physical layer of infrastructure, such as potable and waste water management, it may be overly inconvenient to have multiple systems with competing "standards" as there currently is in the technology sector.

    - - - Updated - - -

    The physical layer of "conduits to markets" such as potable and waste water management systems, and energy transmission and transportation.
     
  14. dixon76710

    dixon76710 Well-Known Member

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    Anything other than your desire that it would be so under socialism, to eliminate any reliance upon coercion to create economic rent under socialism?
     
  15. danielpalos

    danielpalos Banned

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    Only if we are social enough and moral enough to be Angels on Earth who have no need for the Expense of Government.
     
  16. Reiver

    Reiver Well-Known Member

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    Desire? Its just a slice of obviousness. With worker ownership there cannot be economic rents through underpayment. At worst you have redistribution effects between workers (such as how trade unions can support wage norms), but that is a matter for the firm
     
  17. danielpalos

    danielpalos Banned

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    While it seems reasonable in principle, why does it not work very well in practice? It seems odd that such "peoples" markets could fail to self-correct.
     
  18. dixon76710

    dixon76710 Well-Known Member

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    Private sector monopolies are equally capeable
     
  19. danielpalos

    danielpalos Banned

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    Except for a consumer base to support such expenditures for the private sector.
     
  20. dixon76710

    dixon76710 Well-Known Member

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    Anything other than your desire that it "cannot be" so under socialism?
     
  21. Reiver

    Reiver Well-Known Member

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    You seem to struggle so much with logic. Its impossible to create the economic rent as the workers are also the owners. This is an awfully obvious point.
     
  22. dixon76710

    dixon76710 Well-Known Member

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    The consumer base would be identical under both a public or private monopoly
     
  23. danielpalos

    danielpalos Banned

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    How did you reach your conclusion with the parameters present in our objective and market based reality?
     
  24. dixon76710

    dixon76710 Well-Known Member

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    By maintaining a grasp on reality you long ago lost. The consumers are the same whether the water company is public or private.
     
  25. danielpalos

    danielpalos Banned

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    You may be missing the point about a consumer base as large as the United States and a purely private sector consumer base of any Firm.
     

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