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

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

  1. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,146
    Thanks Received:
    6,896
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,993
    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
    Offline

    bripat9643 Diamond Member

    Joined:
    Apr 1, 2011
    Messages:
    67,871
    Thanks Received:
    8,088
    Trophy Points:
    2,030
    Ratings:
    +27,405
    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."
     
    • Thank You! Thank You! x 2
  3. bripat9643
    Offline

    bripat9643 Diamond Member

    Joined:
    Apr 1, 2011
    Messages:
    67,871
    Thanks Received:
    8,088
    Trophy Points:
    2,030
    Ratings:
    +27,405
    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
    Offline

    DSGE VIP Member

    Joined:
    Dec 24, 2011
    Messages:
    1,062
    Thanks Received:
    30
    Trophy Points:
    71
    Ratings:
    +30
    What do you think is exploitation here?
     
  5. Mr. H.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,117
    Thanks Received:
    9,265
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,395
    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
    Offline

    Quantum Windbag Gold Member

    Joined:
    May 9, 2010
    Messages:
    58,308
    Thanks Received:
    5,014
    Trophy Points:
    245
    Ratings:
    +5,221
    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.
     
    • Thank You! Thank You! x 1
  7. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Not sure any modern capitalist really does.
     
  8. expat_panama
    Offline

    expat_panama Silver Member

    Joined:
    Apr 12, 2011
    Messages:
    2,461
    Thanks Received:
    252
    Trophy Points:
    98
    Ratings:
    +253
    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?
     
    • Thank You! Thank You! x 1
  9. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,194
    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
    Offline

    samjones Member

    Joined:
    Dec 7, 2011
    Messages:
    585
    Thanks Received:
    22
    Trophy Points:
    16
    Ratings:
    +22
    "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.
     

Share This Page