Has capitalism failed?

Has capitalism failed?
Jul 13, 2009 23:12	#31
GUESTGUESTBILL	The misinformation and misunderstanding I have seen here is amazing. First, capitalism is a free economy, i.e., not subject to government control or regulation. The term "regulated capitalism" is already accurately defined by another single word, fascism, the nonsensical pseudo-concept of private ownership of property subject to government control of the use and disposition of said property (environmental laws anyone?). Second, those who blame capitalism for the economic ills that have befallen the United States of America do not understand that capitalism has not existed in this nation for over 100 years. There is a structure of government regulation comprising some 75,000 pages all subject ti political when for enforcement or relaxation depending on the political influence of parties involved (ask John McCain about Charles Keating). Another thing most people do not know or ignore is that little of the regulatory volume has any legitimate constitutional basis. IAW the Constitution, only Congress may enact law. No other body or individual, elected or appointed, has the legitimate authority to create law yet all these regulations and controls are enforced as if they are legitimate law. Another thing few people consciously recognize is the when you get to fundamental principles, there is no substantive difference between conservatives and liberals. The differences are a matter of degree with conservatives generally tolerant of less totalitarian tyranny than liberals who are collectivists who mask their true identifty by using various innocuous euphemisms to hide their true colors. Note that recently liberals have chosen to return to their "progressive" roots since liberalism is finally being too well recognized as camouflage for collectivism. The Founding Fathers defined a single purpose for government in the founding documents, specifically and singularly to protect the rights of the individual. Both liberal and conservatives want use of the power of government to impose their beliefs from drug prohibition to hate crimes which is nothing more than the criminalization of unpopular thought or words. I've also found that few people are aware that three long standing US institutions are defined in the Communist Manifest as tools for conversion of a society to Communism. These are (1) the Progressive Income Tax, (2) the Inheritance (death) tax and (3) a "free" education in a public school system. If you doubt me, look up the Communist Manifest and read it. Finally, as I noted above, most of America's economic woes have been the result of government intrusion and manipulation, NOT capitalism. Here is a link giving some facts regarding the Great Depression and the reasons for its prolonged duration: http://www.gmu.edu/departments/economics/wew/articles/09/GreatMythsOfTheGreatDepression.pdf

Jul 13, 2009 23:12

#31

GUESTGUESTBILL

The misinformation and misunderstanding I have seen here is amazing.

First, capitalism is a free economy, i.e., not subject to government control or regulation. The term "regulated capitalism" is already accurately defined by another single word, fascism, the nonsensical pseudo-concept of private ownership of property subject to government control of the use and disposition of said property (environmental laws anyone?).

Second, those who blame capitalism for the economic ills that have befallen the United States of America do not understand that capitalism has not existed in this nation for over 100 years. There is a structure of government regulation comprising some 75,000 pages all subject ti political when for enforcement or relaxation depending on the political influence of parties involved (ask John McCain about Charles Keating).

Another thing most people do not know or ignore is that little of the regulatory volume has any legitimate constitutional basis. IAW the Constitution, only Congress may enact law. No other body or individual, elected or appointed, has the legitimate authority to create law yet all these regulations and controls are enforced as if they are legitimate law.

Another thing few people consciously recognize is the when you get to fundamental principles, there is no substantive difference between conservatives and liberals. The differences are a matter of degree with conservatives generally tolerant of less totalitarian tyranny than liberals who are collectivists who mask their true identifty by using various innocuous euphemisms to hide their true colors. Note that recently liberals have chosen to return to their "progressive" roots since liberalism is finally being too well recognized as camouflage for collectivism.

The Founding Fathers defined a single purpose for government in the founding documents, specifically and singularly to protect the rights of the individual. Both liberal and conservatives want use of the power of government to impose their beliefs from drug prohibition to hate crimes which is nothing more than the criminalization of unpopular thought or words.

I've also found that few people are aware that three long standing US institutions are defined in the Communist Manifest as tools for conversion of a society to Communism. These are (1) the Progressive Income Tax, (2) the Inheritance (death) tax and (3) a "free" education in a public school system. If you doubt me, look up the Communist Manifest and read it.

Finally, as I noted above, most of America's economic woes have been the result of government intrusion and manipulation, NOT capitalism. Here is a link giving some facts regarding the Great Depression and the reasons for its prolonged duration: http://www.gmu.edu/departments/economics/wew/articles/09/GreatMythsOfTheGreatDepression.pdf

Jul 29, 2009 05:00

#32

GUEST1417

Quote:

Originally Posted by GUESTGUESTBILL

Capitalism is a free economy? You are outdated. The laissez-faire capitlaism has gone for almost eight decades.

Aug 19, 2009 23:10	#33
BOBERT Points: Join Date: Jan 1, 2009 Status: Offline	Yes, capitalism has failed, but so has communism and socialism. No system is infallible and no system is perfect. However, capitalism both exploits and supports human nature so it's the best of a poor lot.

Aug 22, 2009 19:07	#34
WUYUETIAN Points: Join Date: Jun 9, 2009 Status: Offline	I don't see any difference except that what capitalism takes for granted is what socialism critisizes and hides...That is we are in the 'food chains' in human society.

Aug 23, 2009 05:49	#35
BOBERT Points: Join Date: Jan 1, 2009 Status: Offline	Even in an egalitarian democracy some people will always be more equal than others. That's just the way a "food chain" must work.

Aug 24, 2009 21:38	#36
MARRIE Points: Join Date: Jan 7, 2008 Status: Offline	Yes, Bob. It's just like a pyramid that is used to describe a stable society. It works. The western democracy provides relevant equal chance to each element that compses the pyramid.

Sep 20, 2009 20:39	#37
BLACKRUSSIAN Points: Join Date: Sep 20, 2009 Status: Offline
	Last edited by BLACKRUSSIAN: Sep 20, 2009 20:40

Oct 3, 2009 20:20	#38
BOBERT Points: Join Date: Jan 1, 2009 Status: Offline	The American dream was always just that, a dream. American reality is about to begin.

Oct 7, 2009 08:01

#39

SETH
Points:
Join Date: Feb 22, 2008
Status: Offline

Everything in this world can be shown to be cyclical. The American spirit, in many areas, is still alive and well. However, government intrusion, progressive "entitlements", and a select "gimme, gimme" segment of American society makes it look like things are moving in a bad direction. I predict this trend towards socialism will be rejected by most Americans, and a drive back towards innovation and excellence will be seen over the next 5 years.

The American dream is not a static thing, and it has evolved over the past 200 years. However, as our current misguided and autocratic federal government tries to force the USA into European-style socialism, the more the people at the heart of America will rebel, rebuild, and emerge as strong as ever. The USA, despite criticisms for all quarters, is still a unique and positive force in the world.

People here are waking up to the differences between governing and being governed, government management of people's lives, and genuine leadership. I see a move back to genuine leadership, once the current egalitarian elitists are voted out of office. The USA lived through Hoover, Carter, and Clinton and we can live through Obama.

Oct 7, 2009 11:10

#40

RAKESHSEMWAL
Points:
Join Date: Oct 4, 2009
Status: Offline

SETH, Well said.

People talk of socialism, changes their positions with their convenience, 60years back socialism was having different definition for them. Today they define it differently. Tomorrow they will define it differently.

60years back socialism means, No free market, no property right, No FDI, No stock market, no media, no outsiders, No democracy, etc

And now today you know what the situation is?

I am not talking of country specific, there are plenty of so called socialist in my own country.

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