Capitalism vs Socialism vs our free enterprise system. What is your choice?

[johnwk]

For distinctions between our system, as intended by our Founders, and “Capitalism”, see: PART TWO: Free Enterprise is Better than Capitalism The following descriptions of “Capitalism” and “Free Enterprise” are noted as follows:


Capitalism (crony capitalism) : A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital—including big corporations like in Corporatism, but also wealthy foreign and multinational corporations, and highly influential non-corporate institutions such as rich foundations, moneyed trusts, political parties, well-funded lobbies and special interest groups, affluent non-profit entities, wealthy families, moneyed foreign investors, and others with large amounts of capital. Under this system, the rich rule society, and they naturally influence government to maintain policies that benefit the rich more than others.


Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all individuals and entities and leaves initiative and enterprise to private individuals, groups, businesses and organizations that are all treated equally and with minimal legislation by the legal code.


Today we have capitalism being practiced in the United States instead of a free enterprise free market system. Obama engaged in capitalism under the guise of “green energy”, and 85 % of green energy capital supplied by the federal government went to Obama’s donors.


President Bush and the Republicans practiced capitalism when they passed the farm subsidy bill in 2008.


Under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.


Under Alexandria Ocasio-Cortez’s and Bernie Sanders’ form of capitalism, the distribution of capital from our federal treasury would continue and simply create different privileged classes, and preferential treatment would remain the order of the day.


But under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.



Fox News Channel personalities need to stop referring to our system as capitalism.



JWK


The Federal Reserve System of 1913 and the Sixteenth Amendment, also of 1913, have spread the evil tentacles of crony capitalism into almost every corner of our once free market, free enterprise system.

 

[Tehon]

For distinctions between our system, as intended by our Founders, and “Capitalism”, see: PART TWO: Free Enterprise is Better than Capitalism The following descriptions of “Capitalism” and “Free Enterprise” are noted as follows:


Capitalism (crony capitalism) : A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital—including big corporations like in Corporatism, but also wealthy foreign and multinational corporations, and highly influential non-corporate institutions such as rich foundations, moneyed trusts, political parties, well-funded lobbies and special interest groups, affluent non-profit entities, wealthy families, moneyed foreign investors, and others with large amounts of capital. Under this system, the rich rule society, and they naturally influence government to maintain policies that benefit the rich more than others.


Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all individuals and entities and leaves initiative and enterprise to private individuals, groups, businesses and organizations that are all treated equally and with minimal legislation by the legal code.


Today we have capitalism being practiced in the United States instead of a free enterprise free market system. Obama engaged in capitalism under the guise of “green energy”, and 85 % of green energy capital supplied by the federal government went to Obama’s donors.


President Bush and the Republicans practiced capitalism when they passed the farm subsidy bill in 2008.


Under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.


Under Alexandria Ocasio-Cortez’s and Bernie Sanders’ form of capitalism, the distribution of capital from our federal treasury would continue and simply create different privileged classes, and preferential treatment would remain the order of the day.


But under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.



Fox News Channel personalities need to stop referring to our system as capitalism.



JWK


The Federal Reserve System of 1913 and the Sixteenth Amendment, also of 1913, have spread the evil tentacles of crony capitalism into almost every corner of our once free market, free enterprise system.

Capitalism is a system of production.

Free enterprise relates to commercial trade.

They are not related.

 

[task0778]

Ok, first you need to realize that a free enterprise/free market system such as you describe does not exist and never has. Both are merely another name for a capitalistic economy; preferences, perks, and special benefits are not a function of capitalism, in fact every economic model and form of gov't shares those same characteristics to some degree. The difference is that capitalism is by far the most successful, and it creates far more wealth and prosperity than any other system. And any time more wealth is created, you're going to have more corruption, greed, and cronyism simply because there's more money to be had. Socialism, communism, you name it, they'll have the same negatives that capitalism does but it isn't as pronounced.

Capitalism is not "A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy", that is actually a problem of poor, ineffective gov't. Certainly market forces are encouraged, but proper and effective gov't does not allow those forces to go unrestrained. And if preferences, perks, and special benefits are allowed then it is our fault as citizens and voters to change the gov't by voting out those who made those things happen. Capitalism is all about choices, as a consumer and as a citizen/voter. If we make bad choices as an individual or as a society then blaming the economic system for creating so much wealth is not the answer.

Cheap shot at FNC, this IS a capitalistic system so they are telling the truth. Maybe you should stop blaming them for the ills of our gov't and society and look elsewhere. I think we should start with the politicians in both parties and the media for not being honest and objective.

 

[Tehon]

Ok, first you need to realize that a free enterprise/free market system such as you describe does not exist and never has. Both are merely another name for a capitalistic economy; preferences, perks, and special benefits are not a function of capitalism, in fact every economic model and form of gov't shares those same characteristics to some degree. The difference is that capitalism is by far the most successful, and it creates far more wealth and prosperity than any other system. And any time more wealth is created, you're going to have more corruption, greed, and cronyism simply because there's more money to be had. Socialism, communism, you name it, they'll have the same negatives that capitalism does but it isn't as pronounced.

Capitalism is not "A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy", that is actually a problem of poor, ineffective gov't. Certainly market forces are encouraged, but proper and effective gov't does not allow those forces to go unrestrained. And if preferences, perks, and special benefits are allowed then it is our fault as citizens and voters to change the gov't by voting out those who made those things happen. Capitalism is all about choices, as a consumer and as a citizen/voter. If we make bad choices as an individual or as a society then blaming the economic system for creating so much wealth is not the answer.

Cheap shot at FNC, this IS a capitalistic system so they are telling the truth. Maybe you should stop blaming them for the ills of our gov't and society and look elsewhere. I think we should start with the politicians in both parties and the media for not being honest and objective.

I would start blaming the people for being utterly ignorant about the economic system they participate in every day.

 

[johnwk]

For distinctions between our system, as intended by our Founders, and “Capitalism”, see: PART TWO: Free Enterprise is Better than Capitalism The following descriptions of “Capitalism” and “Free Enterprise” are noted as follows:


Capitalism (crony capitalism) : A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital—including big corporations like in Corporatism, but also wealthy foreign and multinational corporations, and highly influential non-corporate institutions such as rich foundations, moneyed trusts, political parties, well-funded lobbies and special interest groups, affluent non-profit entities, wealthy families, moneyed foreign investors, and others with large amounts of capital. Under this system, the rich rule society, and they naturally influence government to maintain policies that benefit the rich more than others.


Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all individuals and entities and leaves initiative and enterprise to private individuals, groups, businesses and organizations that are all treated equally and with minimal legislation by the legal code.


Today we have capitalism being practiced in the United States instead of a free enterprise free market system. Obama engaged in capitalism under the guise of “green energy”, and 85 % of green energy capital supplied by the federal government went to Obama’s donors.


President Bush and the Republicans practiced capitalism when they passed the farm subsidy bill in 2008.


Under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.


Under Alexandria Ocasio-Cortez’s and Bernie Sanders’ form of capitalism, the distribution of capital from our federal treasury would continue and simply create different privileged classes, and preferential treatment would remain the order of the day.


But under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.



Fox News Channel personalities need to stop referring to our system as capitalism.



JWK


The Federal Reserve System of 1913 and the Sixteenth Amendment, also of 1913, have spread the evil tentacles of crony capitalism into almost every corner of our once free market, free enterprise system.

Capitalism is a system of production.

Free enterprise relates to commercial trade.

They are not related.

 

[johnwk]

And what would you call Obama's green energy thing where billions were transferred from our federal treasury to create "green energy'?


JWK


Alexandria Ocasio-Cortez claims to be an advocate of hard working people living in the Bronx. If that is so, why is she not advocating an end to the unconstitutional “Temporary Victory Tax” of 1943, which began federal confiscation of the bread which working people have earned by the sweat of their labor?

 

[Tehon]

And what would you call Obama's green energy thing where billions were transferred from our federal treasury to create "green energy'?


JWK


Alexandria Ocasio-Cortez claims to be an advocate of hard working people living in the Bronx. If that is so, why is she not advocating an end to the unconstitutional “Temporary Victory Tax” of 1943, which began federal confiscation of the bread which working people have earned by the sweat of their labor?

I would call it an energy policy.

 

[task0778]

And what would you call Obama's green energy thing where billions were transferred from our federal treasury to create "green energy'?


JWK


Alexandria Ocasio-Cortez claims to be an advocate of hard working people living in the Bronx. If that is so, why is she not advocating an end to the unconstitutional “Temporary Victory Tax” of 1943, which began federal confiscation of the bread which working people have earned by the sweat of their labor?

I would call it cronyism, not capitalism. Cronyism exists everywhere, in every economic system, gov't, and society you care to name. You should not equate the two.

 

[expat_panama]

...
Capitalism (crony capitalism) : A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital...

Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all...

Today we have capitalism being practiced in the United States instead of a free enterprise free market system...

Capitalism is a system of production. Free enterprise relates to commercial trade. They are not related.

...I would call it cronyism, not capitalism. Cronyism exists everywhere, in every economic system, gov't, and society you care to name. You should not equate the two.

So everyone here seems to have their own private definitions for capitalism, free market, and socialism and they all seem to go way off to the side of what most folks mean when they use the terms:

capitalism

an economic, political, and social system in which property, business, and industry are privately owned, directed towards making the greatest possible profits for successful organizations and people
​

free market

an economic system with only a small amount of government control, in which prices and earnings are decided by the level of demand for, and production of goods and services​

so·cial·ism

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.​

A lot of people like to make up word definitions as they talk so they can pretend their winning the argument --this is nothing new:

 

[Tehon]

...
Capitalism (crony capitalism) : A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital...

Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all...

Today we have capitalism being practiced in the United States instead of a free enterprise free market system...

Capitalism is a system of production. Free enterprise relates to commercial trade. They are not related.

...I would call it cronyism, not capitalism. Cronyism exists everywhere, in every economic system, gov't, and society you care to name. You should not equate the two.

So everyone here seems to have their own private definitions for capitalism, free market, and socialism and they all seem to go way off to the side of what most folks mean when they use the terms:

capitalism

an economic, political, and social system in which property, business, and industry are privately owned, directed towards making the greatest possible profits for successful organizations and people
​

free market

an economic system with only a small amount of government control, in which prices and earnings are decided by the level of demand for, and production of goods and services​

so·cial·ism

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.​

A lot of people like to make up word definitions as they talk so they can pretend their winning the argument --this is nothing new:

Which explains the debate. So? Who here among us is pretending to win?

 

[expat_panama]

...
Capitalism (crony capitalism) : A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital...

Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all...

Today we have capitalism being practiced in the United States instead of a free enterprise free market system...

Capitalism is a system of production. Free enterprise relates to commercial trade. They are not related.

...I would call it cronyism, not capitalism. Cronyism exists everywhere, in every economic system, gov't, and society you care to name. You should not equate the two.

So everyone here seems to have their own private definitions for capitalism, free market, and socialism and they all seem to go way off to the side of what most folks mean when they use the terms:

capitalism

an economic, political, and social system in which property, business, and industry are privately owned, directed towards making the greatest possible profits for successful organizations and people
​

free market

an economic system with only a small amount of government control, in which prices and earnings are decided by the level of demand for, and production of goods and services​

so·cial·ism

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.​

A lot of people like to make up word definitions as they talk so they can pretend their winning the argument --this is nothing new:

Which explains the debate. So? Who here among us is pretending to win?

Yeah ok, you're absolutely right and you win.

My first take on your post was to simply go and define "trying to win" any way I wanted, but even tho it'd mean everyone would be posting nonsense equally ---I'd be the only one here admitting it...

 

[Tehon]

...
Capitalism (crony capitalism) : A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital...

Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all...

Today we have capitalism being practiced in the United States instead of a free enterprise free market system...

Capitalism is a system of production. Free enterprise relates to commercial trade. They are not related.

...I would call it cronyism, not capitalism. Cronyism exists everywhere, in every economic system, gov't, and society you care to name. You should not equate the two.

So everyone here seems to have their own private definitions for capitalism, free market, and socialism and they all seem to go way off to the side of what most folks mean when they use the terms:

capitalism

an economic, political, and social system in which property, business, and industry are privately owned, directed towards making the greatest possible profits for successful organizations and people
​

free market

an economic system with only a small amount of government control, in which prices and earnings are decided by the level of demand for, and production of goods and services​

so·cial·ism

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.​

A lot of people like to make up word definitions as they talk so they can pretend their winning the argument --this is nothing new:

Which explains the debate. So? Who here among us is pretending to win?

Yeah ok, you're absolutely right and you win.

My first take on your post was to simply go and define "trying to win" any way I wanted, but even tho it'd mean everyone would be posting nonsense equally ---I'd be the only one here admitting it...

It's just a discussion. It's not war.

I don't see how your prepackaged definitions converge greatly from what I posited.

 

[johnwk]

Capitalism and free enterprise distinctions


Capitalism is best described as the investment of capital to realize a profit and sometimes achieve economic goals.

Free enterprise and free markets is best described as people being left free to pursue economic interests as each sees fit and left free to mutually agree in their contracts and associations.



Capitalists have money working for them, while those involved in free enterprise work for their money.



Capitalism gave us Obama’s green energy investment swindle, Fannie Mae and Freddie Mac, Enron, Bernard Madoff, our current student loan crisis and other capital investment schemes, while free enterprise gave us such things as the phone, the model T Ford, mass production, the mom and pop bakery, local plumber, carpenter, electrician and dentist.




JWK



Socialist democrats, like Alexandria Ocasio-Cortez and Bernie Sanders, running for office will promise food on the table, free public housing, health care for all, guaranteed income, free college tuition, and other niceties by taxing the so called rich; and if by chance they ever do get political power because of such promises made, their socialist iron-fisted dependency will enslave the very fools who elected them.

 

[task0778]

Capitalism and free enterprise distinctions


Capitalism is best described as the investment of capital to realize a profit and sometimes achieve economic goals.

Free enterprise and free markets is best described as people being left free to pursue economic interests as each sees fit and left free to mutually agree in their contracts and associations.



Capitalists have money working for them, while those involved in free enterprise work for their money.



Capitalism gave us Obama’s green energy investment swindle, Fannie Mae and Freddie Mac, Enron, Bernard Madoff, our current student loan crisis and other capital investment schemes, while free enterprise gave us such things as the phone, the model T Ford, mass production, the mom and pop bakery, local plumber, carpenter, electrician and dentist.




JWK



Socialist democrats, like Alexandria Ocasio-Cortez and Bernie Sanders, running for office will promise food on the table, free public housing, health care for all, guaranteed income, free college tuition, and other niceties by taxing the so called rich; and if by chance they ever do get political power because of such promises made, their socialist iron-fisted dependency will enslave the very fools who elected them.

You are somewhat mistaken, politics gave us Obama’s green energy investment swindle, Fannie Mae and Freddie Mac, Enron, Bernard Madoff, our current student loan crisis and other capital investment schemes. Things like the phone, the model T Ford, mass production, the mom and pop bakery, local plumber, carpenter, electrician and dentistry were made possible by free enterprise under the capitalistic system. Free enterprise is another way of saying capitalism. There is no distinguishing between the two.

 

[johnwk]

Capitalism and free enterprise distinctions


Capitalism is best described as the investment of capital to realize a profit and sometimes achieve economic goals.

Free enterprise and free markets is best described as people being left free to pursue economic interests as each sees fit and left free to mutually agree in their contracts and associations.



Capitalists have money working for them, while those involved in free enterprise work for their money.



Capitalism gave us Obama’s green energy investment swindle, Fannie Mae and Freddie Mac, Enron, Bernard Madoff, our current student loan crisis and other capital investment schemes, while free enterprise gave us such things as the phone, the model T Ford, mass production, the mom and pop bakery, local plumber, carpenter, electrician and dentist.




JWK



Socialist democrats, like Alexandria Ocasio-Cortez and Bernie Sanders, running for office will promise food on the table, free public housing, health care for all, guaranteed income, free college tuition, and other niceties by taxing the so called rich; and if by chance they ever do get political power because of such promises made, their socialist iron-fisted dependency will enslave the very fools who elected them.

You are somewhat mistaken, politics gave us Obama’s green energy investment swindle, Fannie Mae and Freddie Mac, Enron, Bernard Madoff, our current student loan crisis and other capital investment schemes. Things like the phone, the model T Ford, mass production, the mom and pop bakery, local plumber, carpenter, electrician and dentistry were made possible by free enterprise under the capitalistic system. Free enterprise is another way of saying capitalism. There is no distinguishing between the two.

Thank you for your opinion, but, capitalists have money working for them, while those involved in free enterprise work for their money.

JWK

Alexandria Ocasio-Cortez claims to be an advocate of hard working people living in the Bronx. If that is so, why is she not advocating an end to the unconstitutional “Temporary Victory Tax” of 1943, which began federal confiscation of the bread which working people have earned by the sweat of their labor?

 

[LordBrownTrout]

Ok, first you need to realize that a free enterprise/free market system such as you describe does not exist and never has. Both are merely another name for a capitalistic economy; preferences, perks, and special benefits are not a function of capitalism, in fact every economic model and form of gov't shares those same characteristics to some degree. The difference is that capitalism is by far the most successful, and it creates far more wealth and prosperity than any other system. And any time more wealth is created, you're going to have more corruption, greed, and cronyism simply because there's more money to be had. Socialism, communism, you name it, they'll have the same negatives that capitalism does but it isn't as pronounced.

Capitalism is not "A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy", that is actually a problem of poor, ineffective gov't. Certainly market forces are encouraged, but proper and effective gov't does not allow those forces to go unrestrained. And if preferences, perks, and special benefits are allowed then it is our fault as citizens and voters to change the gov't by voting out those who made those things happen. Capitalism is all about choices, as a consumer and as a citizen/voter. If we make bad choices as an individual or as a society then blaming the economic system for creating so much wealth is not the answer.

Cheap shot at FNC, this IS a capitalistic system so they are telling the truth. Maybe you should stop blaming them for the ills of our gov't and society and look elsewhere. I think we should start with the politicians in both parties and the media for not being honest and objective.

I would start blaming the people for being utterly ignorant about the economic system they participate in every day.

What would you blame them for?

 

[Bootney Lee Farnsworth]

Capitalism is a system of production.

Free enterprise relates to commercial trade.

They are not related.

Not related?

Merriam-Webster, Bankrate, and millions of others disagree with you.

Definition of CAPITALISM

" an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market"

Free enterprise Definition | Bankrate.com

"Free enterprise, also known as free market or capitalism, is an economic system driven by supply and demand. Private businesses and consumers control the marketplace with little to no interference from the government. In this type of system, the government does not have a central plan for the nation’s economy."

 

[Bootney Lee Farnsworth]

Capitalists have money working for them, while those involved in free enterprise work for their money.

That is what commies hate the most. They can't earn enough money to let that money earn for them, so they want the government to steal everyone else's money and make them poor too.

The sole virtue of Marxism/Communism/Socialism is ENVY!!!

.

 

[Claudette]

I'll take capitalism for a thousand.

 

[hazlnut]

For distinctions between our system, as intended by our Founders, and “Capitalism”, see: PART TWO: Free Enterprise is Better than Capitalism The following descriptions of “Capitalism” and “Free Enterprise” are noted as follows:


Capitalism (crony capitalism) : A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital—including big corporations like in Corporatism, but also wealthy foreign and multinational corporations, and highly influential non-corporate institutions such as rich foundations, moneyed trusts, political parties, well-funded lobbies and special interest groups, affluent non-profit entities, wealthy families, moneyed foreign investors, and others with large amounts of capital. Under this system, the rich rule society, and they naturally influence government to maintain policies that benefit the rich more than others.


Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all individuals and entities and leaves initiative and enterprise to private individuals, groups, businesses and organizations that are all treated equally and with minimal legislation by the legal code.


Today we have capitalism being practiced in the United States instead of a free enterprise free market system. Obama engaged in capitalism under the guise of “green energy”, and 85 % of green energy capital supplied by the federal government went to Obama’s donors.


President Bush and the Republicans practiced capitalism when they passed the farm subsidy bill in 2008.


Under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.


Under Alexandria Ocasio-Cortez’s and Bernie Sanders’ form of capitalism, the distribution of capital from our federal treasury would continue and simply create different privileged classes, and preferential treatment would remain the order of the day.


But under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.



Fox News Channel personalities need to stop referring to our system as capitalism.



JWK


The Federal Reserve System of 1913 and the Sixteenth Amendment, also of 1913, have spread the evil tentacles of crony capitalism into almost every corner of our once free market, free enterprise system.

We already have socialized institutions in the US— schools, police, military, recreation, conservation, power grids, libraries, entertainment...