Not sure Republicans understand difference between "capitalism" and "exploitation"

Discussion in 'Economy' started by rdean, Jan 9, 2012.

  1. rdean
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    rdean Guest

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    Not sure Republicans understand difference between "capitalism" and "exploitation".

    When I think of capitalism, I think of something being made and that something being sold, hopefully for a profit.

    Can what Romney does, indulging in predatory take over, firing people, selling the assets and making millions be called "capitalism"? I understand this Republican Party has a "make money no matter what the cost or who it screws" attitude. But can you still call that capitalism? If it's not capitalism, then what is it?
     
  2. bripat9643
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    bripat9643 Diamond Member

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    One is an economic system and the other is a meaningless term of propaganda.

    Thanks for proving you don't know the meaning of the word "capitalism."
     
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  3. bripat9643
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    bripat9643 Diamond Member

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    One is an economic system and the other is a meaningless term of propaganda.

    Thanks for proving you don't know the meaning of the word "capitalism."
     
  4. DSGE
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    DSGE VIP Member

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    What do you think is exploitation here?
     
  5. Mr. H.
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    Mr. H. Diamond Member

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    That's all you could ever hope to do- think of capitalism.

    Plenty of liberal Democrats have "indulged" themselves. Think Hollywood as an example.
    And Ted Turner. :lol:
    Michael Moore- double :lol:

    Republicans do the same thing as Democrats- but with class.

    We may screw with attitude, but Democrats screw just the same- they just disguise it so their sheep belive they're being done a favor.
     
  6. Quantum Windbag
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    Quantum Windbag Gold Member

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    Do you? Are you aware that a contract is a formalized agreement that allows two parties to exploit each other?

    That said, what Romney did at Bain was invest in failing companies and make a profit for the people who were paying him. Quite often that resulted in the companies he bought being dismantled, but that was not the only result. When it was feasible he would bring in new management and restructure the company, not only saving it, but actually creating more jobs for other people. My understanding is that his work at Bain resulted in a net increase in jobs, unlike Obama's work at the job he has now.
     
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  7. editec
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    editec Mr. Forgot-it-All

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    Not sure any modern capitalist really does.
     
  8. expat_panama
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    expat_panama Gold Member

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    What we do know is that while Marxists say that the so-called 'capitalists' are bad for workers, the workers themselves flee Marxist states to go live with those mean old capitalists.

    So who are we going to believe, Karl Marx or our own lying eyes?
     
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  9. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    Capitalism is an economic system whereby two parties agree to exchange something for something else, presumeably at some benefit to both. Exploitation is or should be a crime, and is not restricted to capitalism.
     
  10. samjones
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    samjones Member

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    "Free Market Capitalism", aka "The American Way" means that the means of production is owned by private individuals and can be bought and sold without impediment.

    2 parties aree to exhcange something for something else at some benefit to both in all economic systems.
     

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