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Old 10-27-2009, 04:46 PM
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Originally Posted by OldManOnFire View Post
Capitalism...generally speaking...creates growth for business and people and subsequently for governments.

Along the process 'greed' enters the picture, greed at all segments and levels, requiring instant gratification, and a feeling of entitlement (including those who do not earn privileges as well as those with means who demand more).

Recent history tells us that 'capitalism' and the free market work well while in growth mode...BUT...when flat or in contraction, the economic poop hits the proverbial fan!

It is not logical to assume that the economy will 'always' grow. Therefore, it must be expected that occasionally there will be economic recessions, depressions, and complete monetary failures. As we move from a cash economy, to a debtor economy, and who knows what in the future, I suspect the intervals between recessions and depressions will be less.

If this country, it's people, and it's businesses, cannot tolerate the logical ups and 'downs' of capitalism, then something must change...
Oh, you can still support it and claim that it works all you have to do is blame everything on the government. That way you can negate in personal responsibility on the members of society, retain the "invisible hand", and put all the blame on the mystic boogey man.
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  #12 (permalink)  
Old 10-27-2009, 05:19 PM
geofree geofree is offline
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Oh, you can still support it and claim that it works all you have to do is blame everything on the government. That way you can negate in personal responsibility on the members of society, retain the "invisible hand", and put all the blame on the mystic boogey man.
Capitalism relies on government coercion… how else do you claim ownership over the primary means of production… the earth? How else do you claim ownership of “ideas” which have been released to the public domain? These unjust forms of property can only be maintained through government coercion. The fact is, capitalism begs for government intervention… so long as the capitalists are the beneficiaries of that coercion. Hypocrites.

The capitalists invented government intervention, and they are the ones who made the first call for its use!

"AFTER conquest and confiscation have been effected, and the State set up, its first concern is with the land.... In its capacity as ultimate landlord, the State distributes the land among its beneficiaries on its own terms." --Albert J. Nock, Our Enemy the State


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Old 10-28-2009, 01:42 AM
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Capitalism relies on government coercion… how else do you claim ownership over the primary means of production… the earth?
Quite the reverse! How the state can survive without confiscating that is violating property rights?

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Originally Posted by geofree View Post
How else do you claim ownership of “ideas” which have been released to the public domain? These unjust forms of property can only be maintained through government coercion. The fact is, capitalism begs for government intervention… so long as the capitalists are the beneficiaries of that coercion. Hypocrites.

The capitalists invented government intervention, and they are the ones who made the first call for its use!
Why a capitalist would be for a free market if by state intervention they can have a monopoly?

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"AFTER conquest and confiscation have been effected, and the State set up, its first concern is with the land.... In its capacity as ultimate landlord, the State distributes the land among its beneficiaries on its own terms." --Albert J. Nock, Our Enemy the State


Nock was diehard capitalist and fremarketer
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Old 10-28-2009, 10:04 AM
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I think it has a lot to do with out system of taxation… consider this:

I favor using economic rents as the basis of taxation and eliminating income and sales taxes (taxes on production and trade).
Isn't the process of taxation just a bunch of political BS? Now don't get me wrong because I believe all of us need to pay our share in order to maintain the governments we desire. But it's the method of taxation that sometimes seems silly. For example, we prefer capitalism (well at least a few of us prefer capitalism over socialism) which means in part that we should do everything possible to assure that our industries remain healthy and can compete globally. Yet we charge all sorts of business taxes, including expecting business to provide health care insurance, and vacations, and sick leave, and investment programs, etc., then we wonder why they don't pay higher wages, or cannot hire more people, or why they sometimes close the door?? Yet with things like cigarettes, or booze, or gasoline, or energy consumption, etc., in which it would be beneficial to society to 'reduce' the consumption of these things, they should be taxed to the maximum. In our society we are doing the opposite; place all the burden on business and little burden on our 100% unnecessary convenience habits. This is just one example in which taxation is not being used correctly in order to provide the best possible outcome...
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Old 10-28-2009, 10:24 AM
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Yep. The crisis we're seeing now is due to the fact that spending isn't covered by revenue.
And this has basically been going on since the end of WWII.

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I don't see anything wrong with that kind of greed, necessarily. It's what drives people to innovate, create, and ultimately, produce. I agree that greed can drive people to demand things from the government, when they've done nothing to deserve those things. It's fine for them to want that, but when the government actually bends to those individual's will, we have a problem.
I partially agree but I wish more people who appear helpless, who won't invest anything to improve their problems, who look to others to solve their problems, would be a little more energetic and creative and innovative to improve their situations without being a burden on anyone.

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The artificially low interest rates have encouraged people to spend, become indebted, and not save. The USA has lost a lot of its manufacturing ability due to high corporate taxes/regulations. I don't think we're really having out of control population growth. Immigration may have had some negative effects on the economy, but it isn't the root problem. And I agree about the ever-expanding government spending. The Fed's actions are really a result of that spending. They've had to create more money to cover out of control federal budget deficits.
It's not just interest rates that have been low. The government has not properly taxed gasoline consumption, or energy consumption, or water consumption, meaning for the past several decades, the American public HAS NOT paid their way! If we would have paid more taxes, we might have been more efficient on consumption, and, we would have had the money to maintain and develop a kick-a$$ infrastructure. Instead, we've allowed the infrastructure to crumble and have gone into debt.

So this past and current generation was basically subsidized by future generations. And this might be okay if we would have been successful and was handing off a fantastic society to our kids, but, we are instead handing off a big pile of crap which will unnecessarily burden them for decades...hecka of a job PEOPLE!!!!!!!!!!!

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You're right, I did make an assumption there. It doesn't seem like you really blame capitalism for this mess, but rather, think that the problem is that the American public (and government) hasn't been equipped to deal with the effects of capitalism. My assertion is that the business cycle is not inherent to capitalism, but rather, is the result of an overly-active central bank.
Oh...we've been equipped to do wonders, but all we did was take care of ourselves, at the expense of the infrastructure and environment, spending trillion$ today without the means to pay for it, expecting to be coddled instead of facing sacrifice due to our own mistakes, and failing to fully understand the global economy and it's potential effects on our little slice of utopia. I blame the PEOPLE...every one of us...for either knowingly allowing all of this to happen, or for being too stupid and lazy to care...
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Old 10-28-2009, 10:26 AM
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Oh, you can still support it and claim that it works all you have to do is blame everything on the government. That way you can negate in personal responsibility on the members of society, retain the "invisible hand", and put all the blame on the mystic boogey man.
And enough of this will cause the eventual downfall from the number one nation in the world to ??????
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