The Case Against Capitalism

Probably just a disagreement in terms, but I think capitalism is alive and well. Market economics, on the other hand, died a long time ago. I think markets are a figment of someone's overwrought imagination.

 

Only lousy capitalists have a problem with it, anyway.

 

As your posts seem to show you have a problem with capitalism, by lousy do you mean lazy?

 

only lousy capitalists cannot grow an economy and should be taxed, a natural rate of taxation.

Henry Ford knew how to grow a local economy.

 

You've made that same post, and similar others numerous times before.

"Insanity: doing the same thing over and over again and expecting different results." - Albert Einstein

 

So you have no actual argument, just your biased opinion.

 

Henry Ford suggested growing wealth by the car of his products. His theory wouldn't contain the theory of money.
Now, capitalism must be asked for the far of power to help human's life by the owned money.

 

Market intervention =/= socialism. What died in 1929 is the school of classical economics.

 

what insanity? All y'all keep claiming, is that you don't have a clue or a Cause, and that is why you Only seem to have lousy arguments based on "fiat" bigotry, rather than the "commodity" of sound lines of reasoning.

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Yes, but it is more rational than all of the biased opinions of the right.

Lousy capitalists should be Taxed a natural rate of taxation, if they cannot grow our economy.

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"Spreading money around" means that money will usually be spent sooner rather than later, and stimulate demand.

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Yes, market intervention is socialism. True capitalism has no Government, only markets and market based transactions.

 

Capitalism is not well, it is sick when rungs of the economic ladder are removed from the bottom, and it reminds me of my favorite quote:

"This is a conservative part of the country, a lot of the mythology of free enterprise." (Michael Lomax)

When the government tells you that you can’t build a tiny house you could pay cash for or pay off in four years, because it is a watershed area south of Fulton County (blacks), but can build one that is 1100 or now 2000 square feet, to protect the capitalist from the Real Estate principle of regression (blacks and white trash), it is free enterprise that is dead not capitalism.

Irony is the NAACP’s lawsuit (saying zoning laws are discriminatory) that was dropped when Cotter Pin came up with the Community Reinvestment Act, and that being linked to the mortgage meltdown:

"WILLIS: A truck driver, Bernita saved up $14,000 to close on a six-bedroom house. Purchase price -- $180 grand. She thought she got a deal on her first loan, a two-year adjustable rate mortgage at 8.375 percent. Her monthly payments -- $1,200." http://transcripts.cnn.com/TRANSCRIPTS/0803/28/siu.01.html


The case against capitalism has to be linked to the loss of rungs in the ladder of free enterprise, rungs removed to protect bigger capitalist’s capital.

 

how could it die in 1929 when the Fed was created in 1913?? Did you know that 1913 is before 1929?

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how could classical economics die when the Fed was new in 1929??

 

"Automationism" for economy will begin in 2017, I have heard.

 

No, it's your irrational opinion based on envy. Productive people work to produce value and you want to steal from them without having to work for it. Lazy poor people hate capitalism because they are revealed for the lazy slobs they really are.

 

My only point was that I tend to disassociate capitalism from market economics. Our system has tried to conflate the two because everybody LOVES market economics. Capitalism = market economics = big fat lie.

 

Market economics? What do you mean by that? Capitalism is the system of exchange based upon the private ownership of the means of production. It's also often called the Free Market system, Laissez-Faire or Free Enterprise.

 

The Fed is a banker of last resort. Capitalism was "life-support" until it died in 1929.

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will robots complain about taxation to provide for the poor?

 

You can have Capitalism with Command Markets.

 

That's the way capitalism is taught, but that's not the way it has ever been. Capitalism naturally leads to ever increasing market share until the free market disappears entirely. And the largest parts of economies (utilities, other resources, medical care, etc.) do not lend themselves to competitive markets in the first place. There is simply no way to establish and maintain competitive markets except at street level. On the other hand, there are all sorts of ways to 'capitalize' in our economy.

 

Of course that's 100% stupid and liberal. Microsoft and Apple invented the PC, not IBM. Google invented the internet, not Microsoft and Apple, Facebook invented social media, not Google. Uber invented ride sharing, not the taxi industry, and 1000 other examples!! Amazon reinvented retail not Walmart!! IN MBA school it is taught that the giants soon fall so you got it 100% backwards.

 

wrong, capitalism is free markets, not command markets

 

That's the way it has always been. You probably don't know much about history, but a single firm gaining and holding onto a large market share almost never happens. Alcoa and the NY Stock exchange are about the only two examples I can even think of. Every other firm that ever gained a large market share immediately faced stiff new competition that ate into it's market share. No one stays on top forever in a free market because everyone else can come in and compete. Economist Tom DiLorenzo tears apart this notion of a "natural monopoly" in things like utilities here: https://mises.org/library/myth-natural-monopoly

 

yes, monopolies are naturally complacent so easily fall to new competition. Would you rather compete against a monopoly or against and industry with 5 competitors beating each others brains out to have the best product at the lowest price?

 

Well I'd rather the government just protect me against competition, if I'm the business owner. As a consumer I want a completely free market with cut-throat competition fighting for my money by lowering prices and introducing better products and services.

 

yes, its amazing that goofy libsocialists think those who are capitalist are pro business when really capitalism results in the slaughter of 10,000 businesses a month in the US alone. To be accurate, someone who is pro capitalism is really pro consumer. Its a simple point but one that a liberal will simple lack the IQ to understand.

 

Free enterprise is the bank putting $7821 in your joint account from four checks in rapid succession and calling it available balance, so your spouse spends the money, when they are from four different bank accounts, from four different people, and they all have the same handwriting that could be found with OCR software? The police man actually leaves saying no crime has been committed, you walk into your house defeated. He repeatedly said, they put money into your account, how is that a crime, while you keep saying but it’s not real? Then later the doorbell rings and he is back, “let me see those checks again.”

So the capitalist banking lazy fair pig then takes 100% of your innocent income from another account, then recalls your house payment and electric bill payment and doctor’s bill payment, to reimburse themselves, because lazy fair has no $200 rule, and Congress demands the monopoly money be made available before the checks clear.

So the Republican twits calls for instant background checks for nut jobs and none for checks, because monopoly money doesn’t threaten the banking system it only threatens stupid and the innocent spouse. Wait, it is stupid to get married and have a joint account, so correct that to “stupid and the stupid innocent spouse, in a country that hates marriage and peasants having enough to eat.”

The Consumer Financial Protection Bureau is like this security monitor:

https://youtu.be/6ZK01lEepc8

The bank made around $400,000 in income for the month they took 100% of mine, so if it happens to you and you think it is robbery to take 100% of your income you must pay a lawyer big bucks and hope you win. What would be justice under your Free Market system, Laissez-Faire or Free Enterprise?

There is a difference between capitalism and state capitalism, what we have here is a retarded mixture of state capitalism and Laissez-Faire, like when banks can on their own decide to adopt a $200 rule or not, and you always are left holding the Monopoly money, while the bank gets their real money because State capitalism supports the unsafe and unsound banking practices and blames you for marriage and not being psychic in a joint account.

State capitalism said during Raygun that I could not build an 850 square foot house on stilts in a watershed area, but because it was a watershed area I had to build 1100 square feet to keep the (*)(*)(*)(*)(*)(*)s out, more toilets are better for the watershed, and now you have to build twice as big so the bank gets more income.

Our idiot form of capitalism is environmental injustice.

I have never voted for a Democrat to be president, should I change? “The definition of insanity is doing the same thing over and over again, but expecting different results.”

“Let them eat cake,” Romanov family… Sanders people probably were told to eat cake after the bank took 100% of their income, too many times.