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Since capitalism features voluntary peaceful economic transactions it is hard to imagine it as exploitive.
All economic systems feature volunatry peaceful economic transactions. Capitalism is not about economic transactions. It's about who owns the companies.
It wasn't long ago that democrats gained the majority in both houses of congress half way into Bush's 2nd term. This was before the economic collapse and what was the first issue democrats tackled? The economy? Fannie Mae? Democrats went after steroid use in Baseball. Barney Frank was the House banking chairperson when Fannie went under. What did he tell Americans when Fannie was in desperate trouble? "Fannie is doing fine". What do we make of such a lie? Was he stupid or did he intend for the economy to collapse just before the presidential election. Frank Raines is one of Obama's economic advisors. When he was CEO of Fannie Mae it is alleged that he cooked the books to show a fake profit tied to his bonus and walked away with 90 Million dollars for three years work. The point is that the economy collapsed while democrats were trying to indict a Hall-Of -Fame Baseball player for steroid use. Either democrats intended for Fannie to go under or they are fools you can't even trust to run a local post office because they would steal all the stamps.
Definition of Capitalism
"Capitalism" is conventionally defined along economic terms such as the following:
An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
Source: Dictionary.com
This is an example of a definition by non-essentials. An essential definition of capitalism is a political definition:
Capitalism is a social system based on the principle of individual rights.
Source: Capitalism.org
Definition of Capitalism
"Capitalism" is conventionally defined along economic terms such as the following:
An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
Source: Dictionary.com
This is an example of a definition by non-essentials. An essential definition of capitalism is a political definition:
Capitalism is a social system based on the principle of individual rights.
Source: Capitalism.org
Whatever. Capitalism is freedom from liberal government. We've had more of it than anyone on earth and we're the richest in human history.
Its not coincidence but liberals lack the ability to understand how freedom works so like children they propose government magic despite the deadly record of such.
That "we" doesn't include a lot of folks that like private ownership....the word "capitalism" it is what we use to describe private ownership of the machinations of the economy - the "means of production"...
Why does the country do best under Democrats.
My heart goes out to you. Business activity always has to consider political changes and them that ignore that fact do so at their own peril. They're like the poor slobs that think military action can ignore political realities....trying to get through to a guy that insists that economics and politics are separate issues.
A lot of evidence available to support that comment. Maybe we could go further to say policy effects economic cycles a lot more than political party. Witness Nixon's "we're all Keynesians" vs. Clinton's "era of big government is over"....The economy moves in long cycles that are not controlled by the contemporaneous government in power let alone the president in power...
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?
Definition of Capitalism
"Capitalism" is conventionally defined along economic terms such as the following:
An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.
Source: Dictionary.com
This is an example of a definition by non-essentials. An essential definition of capitalism is a political definition:
Capitalism is a social system based on the principle of individual rights.
Source: Capitalism.org
Whatever. Capitalism is freedom from liberal government. We've had more of it than anyone on earth and we're the richest in human history.
Its not coincidence but liberals lack the ability to understand how freedom works so like children they propose government magic despite the deadly record of such.
Why does the country do best under Democrats. Since Eisenhower, all five times the budget was balanced was under Democratic Presidents. Why did the deficit explode under Reagan, Bush and especially Bush Jr.? There are a lot of questions like that.
A lot of evidence available to support that comment. Maybe we could go further to say policy effects economic cycles a lot more than political party. Witness Nixon's "we're all Keynesians" vs. Clinton's "era of big government is over"....The economy moves in long cycles that are not controlled by the contemporaneous government in power let alone the president in power...
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?
Who's to say the buyers of those assets can't make better use of them and employ more people? Clearly if a business is worth buying just to break it up and sell it, its not doing well. The buyer of such a business allows the owners to avoid bankruptcy and redeploys the capital assets of the business to owners who might better be able to use them.
Exactly....Clinton was president so liberals will blindly credit him for what happened. Real thanks probably goes to Monica, Hillary care, and Newt.
You really are hung up on your erroneous definition of economic systems, aren't you. FYI, an economic system is an organized way in which a state or nation allocates its resources and apportions goods and services in the national community, or, in simpler terms, the system of production and distribution and consumption. It does not matter if the trades are voluntary or involuntary, it is still an economic system.
Private ownership used to imply capitalism. But now liberal socialists have realized that they are far too dumb to own and manage businesses. Instead they leave ownership in private hands and seek to control businesses somewhat with taxes and regulation. With continued hard work conservatives will teach liberals they they are also far too dumb to control businesses with taxes and regulations.
That "we" doesn't include a lot of folks that like private ownership.
Different groups have different levels of sensitivity about names. The really touchy ones constantly change names
Others (including me) avoid the term because it's not accurate in differentiating between state and privately run economies. Lot's of people very much involved in private enterprise that don't have much capital. How can a 'captialist' not have 'capital'?
You really are hung up on your erroneous definition of economic systems, aren't you. FYI, an economic system is an organized way in which a state or nation allocates its resources and apportions goods and services in the national community, or, in simpler terms, the system of production and distribution and consumption. It does not matter if the trades are voluntary or involuntary, it is still an economic system.
Actually, you seem to be the one with the axe to grind. You seem to insist that we all accept your definition of Socialism as "something really bad that everybody should hate."
So, to answer your question, "No, not really". An involuntary participant in an economic system isn't really a participant at all, but merely a resource being exploited (Karl Marx-like) and it no dfferent than a tractor or a rail line.
If a thief breaks into my house and steals my TV and sells it to a fence who flips in onto some guy, I don't really see me as a part of that system. I was robbed. If it is truly your contention that slaves, prisoners forced to work and crime victims are all part of a valid economic model then I have to disagree.
