free-market capitalism

Discussion in 'Economics & Trade' started by bricklayer, Jan 7, 2020.

  1. Reiver

    Reiver Well-Known Member

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    Your dissonance shines! That you didn't realise that you were relying on a Marxist term is quite delicious.
     
  2. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    IT'S ALL ABOUT "INCOME SHARES"

    And what, pray tell, is your solution? C'mon, let's have it. We return to barter as existed before humans invented "money"?

    Your remarks are about as poignant as those from the Rabid-Right on this forum. Just WHAT IS YOUR ALTERNATIVE to a free-market economy?

    The communism of yesteryear when all means of production were owned and run by a government? Lotta good that did - it's now dead!

    What remains is a middle-ground between the two. It is called a Social Democracy, of which here is the definition:
    How that system works is more important than any definition. And for a Social Democracy to function fairly there must be a coherent policy as regards the accumulation of Wealth (or Net Income). Whyzzat?

    Because any Social Democracy can be measured by means of its Income Disparity (or Inequality*), which is defined as:
    Which is why, today, Income Disparity at a national level is comparative in this manner shown here:
    [​IMG]

    Do you "get it"? Because it's simple:
    -Income Disparity is a seriously major-problem in the home of "Uncle Sam"!
    -European countries that have far higher upper-income taxation results in tax-revenues that provide services that ALL are able to use. Like National Health Care and very low cost Post-secondary Education.


    You don't think the above is necessary for societal fairness? Do explain why ...

    *Which is a word I dislike intensely as applied to the economic-conditions of a country. The non-equality of incomes is habitual in any market-economy where Supply&Demand determine the cost of inputs (namely job-salary levels.) Taxation is the Great Leveling Mechanism when that inequality becomes unacceptable due to excessively higher Upper-incomes. (The Income shares being shown in the infographic above.)
     
    Last edited: Mar 9, 2020
  3. Reiver

    Reiver Well-Known Member

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    Social democracy is a cheer, but ultimately it is about maintaining capitalism. Reducing inequality in order to maintain labour exploitation is, in those terms, rather insipid.
     

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