Capitalism----Dirty word ?

Discussion in 'Economy' started by dilloduck, Dec 11, 2006.

  1. dilloduck
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    dilloduck Diamond Member

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    I remember growing up hearing the commies "insult" the US by slinging around the words "Capitalist pigs". Now Americans are doing it. The America that has existed for over 200 years was created by it and our comforts are the results of it yet there are those who continually refuse to accept it's intrinsic nature. What's the deal ? People hate what they can't control ? People don't like to compete? It's somehow "unfair" ? It converts people into materialists ?

    ( no--It's not a homework assignment ):teeth:
     
  2. BaronVonBigmeat
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    BaronVonBigmeat Senior Member

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    Some people who rail against "capitalism" are actually railing against the evils of mercantilism. Mercantilism is also known as state-capitalism or economic fascism. Basically you have certain politically-favored businesses or industries which are granted special treatment through government regulation. For example, sugar companies lobby to get a tariff on foreign sugar, thus soft drinks in the US are now made with corn syrup.

    The problem is, most people who are against state-capitalism are absolutely gushing with love for government, and wish to restrict or punish the capitalism part of the equation. But the problem is political, not economic. We need to get rid of government's role in regulating economics, so that favors cannot be auctioned off the the highest bidder. (Note: when I say "regulating economics", I do not mean property rights enforcement, contract enforcement, or prohibitions against fraud. Those are legitimate functions of government.)

    Of course, there are also those who simply hate economic freedoms which enable people to live in ways they don't like.
     
  3. Hobbit
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    Hobbit Senior Member

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    There, fixed it for ya. Gotta love those hanging brackets.

    Anyway, yeah, you're right. So many people seem to equate capitalism with mercantilism. One is smart, libertarian, and allows society to function at maximum efficiency. The other is dumb, authoritarian, and allows those in power to gain votes at a somewhat high efficiency.

    As for the sugar thing, I'd pay extra for soda sweetened with sugar. This corn syrup stuff just isn't good for ya, but not so much so that I'm giving up Code Red or switching to diet.
     
  4. rtwngAvngr
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    rtwngAvngr Guest

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    But on this board, anyone who wants to protect the nations citizenship laws, national sovereignty, or the most basic worker protection laws, is labelled a communist. One poster has even declared that laws agains child labor are "outdated". This is dangerously naive. There is no guarantee things will always be good, and businesses are not naturally as pure as the wind driven snow.

    The anything for a buck attitude that prevails these days is sickening and immoral.

    Divest from China!

    Protect Our Borders!

    Whites have Rights too!
     
  5. rtwngAvngr
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    rtwngAvngr Guest

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    Well, it looks like I flipped the baron. Any of you brainwash victims got something to say? You know who you are.
     
  6. dilloduck
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    dilloduck Diamond Member

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    Capitalism never did seem to fit with Christian teachings and expecting politicians to not provide thier supporters with some sort of "reward" is pretty far fetched. I'm not really sure if people were criticizing out morality or our politicians greed.
     
  7. Romeo
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    Capitalism is compatible with christianity. But the moral system (christianity) must be the superseding moral authority, providing a framework for conducting capitalism, not the other way around. Christianity condones knife usage, that doesn't mean you should go a killing spree.

    I noticed this guy, RiftWingAgitator, seems to be having a problem with board authorities, and opted to speak on his behalf in this matter. We seem to think similarly.
     
  8. dilloduck
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    dilloduck Diamond Member

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    Mybe I'm using the wrong word but isn't capitalism dependent on materialism and consumerism to succeed? Neither one of those is high on Jesus' list of moral "do's" .
     
  9. Romeo
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    Some materialism, yes. People need goods to survive. Christianity is not an ascetic religion. But again, this doesn't mean jesus would approve of selling crack to children to finance a premium sneaker and Hummer addiction. Materialism must be prioritized along with other things in life, and decisions made according to the moral framework. This is how moral systems work.

    Don't let the forces of extremist factionalism push you into these pernicious modes of all or nothing thinking.
     
  10. Hobbit
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    Hobbit Senior Member

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    Not necessarily. Capitalism relies on a form of materialism, but is completely compatible with altruism. The only thing needed for capitalism to work is for each individual to have a desire to make a profit. Some are materialistic and spend their profit on indulgences, while others are altruistic and use their profits to help people. Either way, the person has a vested interest in making a profit, and capitalism continues to thrive. While capitalism my have slightly varying effects on different societies, depending on the level of altruism (altruistic societies won't have PS3 shootings, but it will still have competing electronics stores), it still functions the same as ever.
     

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