The Capitalist System Is Decaying Because Of Its Own Contradictions

The capitalist system is decaying because monopolistic practices are permitted.
Witness Monsanto, soon to become Bayer - Monsanto.

The capitalist system is decaying because of an obscene concentration of wealth in the pockets of too few,
not seen for over 100 years.

 

Great post. Just want to add though, that this is capitalism at work. It was always meant to concentrate wealth in the pockets of too few and has been doing this practice flawlessly for quite some time.

Again, great post.

 

Didn't capitalism defeat communism/socialism in the Cold War?

I love how liberals can look at history and draw the most illogical conclusions.

 

I could be wrong, but I think you're talking about Crony Capitalism...

 

Well, you're not wrong because I see the so called "Free Market Capitalism" and other forms of Capitalism as inherently corrupt anyway. Capitalism is an imperialist tool, imho, so...........

 

Just sad whats killing the country isn't working folk or corporations it is excessive government, and that's true of the entire west right now. Freedom is better than bureaucracy especially economic control of the economy by bureaucrats.

 

Capitalism does need controls.
Those controls have been lessened by Bipartisan efforts since JFK.

 

Capitalism without controls would kill millions in the name of profits

 

Been reading the Bernie handouts? Denmark and Sweden are not quite socialist. They depend greatly on free enterprise to be able to fund their excessive social benefits. And they have both recently found out they can't continue being as generous with taxpayer money as in the past and have had to cut back on some of the largess. And they are both tiny countries with relatively homogeneous populations.

 

Socialism without controls HAS killed millions in the name of equality. Something like 100 million have died to impose communism on unwilling populations in the 20th century (Soviet Union, Cambodia, China's "great leap forward", etc.)

 

Fortunately for us, socialism starts with a social Contract like our federal and State Constitutions.

 

As we all can see, the distribution of wealth in capitalistic countries gets more and more uneven. It started good but the end will be far from being good.

 

societies start with a social contract, instituting laws to protect their citizens. socialism inflicts further regulation on an otherwise free population, laws investing the political structure with powers far beyond the protection of the people. take a good look at the constitutions and you will find that they primarily deal with defining and limiting the power of the state, not the power of the people.

 

The purpose of government is to do thinks free market capitalism can't. Otherwise the US would be a corporation. The invention of government REQUIRES socialism

 

That is certainly one theory. Wrong, though.

 

You have it backward. Socialism requires government to use its force to confiscate the earnings of the productive to deliver them to the slackers and non producers. Under capitalism, individuals can become rich and have power. Under socialism, the powerful become rich. Why do you suppose in socialist societies, the ministers of government and those favored by government become and stay rich no matter what the conditions of the citizenry? Somehow a nomenklatura like that in the Soviet Union will have access to the best stores, the finest vacation residences, the ability to buy Western clothes and goods and autos while the ordinary citizens suffer from long lines to buy their annual allocation of shoes or weekly bread.

Under a free market economy government is to be small, to not interfere in the lives of citizens other than to enforce the rules (e.g. to ensure contracts between parties are adhered to as the parties agree, to ensure individuals and businesses don't cheat or cause harm) and to perform its enumerated duties (like protect national sovereignty). Free people, left to their own devices, freely making billions of decisions as to what is in their best interest every day will produce the most prosperity and best livlihood for the most people.

As Dr. Walter Williams has said, in a free market economy, individuals prosper by pleasing their fellow man. By making something my fellow man desires at a price he is willing to pay, I will prosper. My fellow man wishes to freely give me his money in exchange for the product or service I offer. If the product or service I offer is satisfactory, my fellow man will return and give me his money again and send his friends and relatives to me for the same purpose. He gets what he wants, I get money and we are both satisfied.

Under socialism we may not be able to freely offer our products to our fellow man, and if we can and are successful, government confiscates the fruits of our labor, giving us no incentive to create new services or products. We are less well off, our fellow man is less well off as he cannot get from us that which pleases him. Economic activity stagnates, and we are all worse off except the government bureaucrat who serves himself first from the fruits of our labor then pretends to help others.

 

you are special pleading; bad management does what you claim. socialism does what a social Contract claims it does.

we have the best form of socialism in the world.

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yup; simply resorting to the (other) Peoples' tax monies is a form of socialism.

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You are mistaken. Socialism starts with a social Contract that defines Government.

 

unless of course the social contract specifies capitalism and private property. 1+1=2

 

Those are considered natural rights, secured in State Constitutions with recourse available via the socialism of the law.

capitalism is only an economic system; it requires the socialism of Government to bail it out. It is why the left should discover more Perfect Knowledge of how to merely use capitalism for all of its capital worth.

 

isn't it stupid to pretend the law is socialist when it is designed to support capitalism??

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so a govt that has laws to support capitalism is socialist? Why not think before you post??

 

not at all. you merely don't understand the concepts. how completely usual, for the right. the law is socialism. socialism is what bails out capitalism, everyday.

capitalism is only an economic system; it requires the socialism of Government to bail it out.

 

actually the law is the law, not socialism. Socialism is when the govt owns major industries. 1+1=2

 

and you said 1929 was best example not knowing that Fed was created in 1913. 1+1=2 and 1913 was before 1929. You like a typical liberal are stuck in kindergarten.

 

the law is a form of socialism. it is self evident, except to the right.

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dude, the Fed is a banker of last resort. Capitalism was on life support until 1929 when capitalism died and socialism has been carrying it ever since.

 

so law that supports capitalism is socialist? Slow????