Top 3 Common Myths of Capitalism

Discussion in 'Economy' started by clevergirl, Sep 10, 2011.

  1. clevergirl
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    clevergirl Gold Member

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    [ame=http://www.youtube.com/watch?v=KGPa5Ob-5Ps&feature=player_embedded]Top 3 Common Myths of Capitalism - YouTube[/ame]
     
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  2. Listening
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    Listening Gold Member

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    Great Video.

    One of the things that I deplore in today's world is how it is difficult to see where big business ends and government begins.

    My own company has a large vested interest in the government going in certain directions and we profit from it in many many ways.

    I would also say that the governments past (and present...unless things have changed) ownership of GM is a clear example of this.

    Why didn't they let it fail ? That is what capitalism is about. The weak get weeded out.
     
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  3. code1211
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    code1211 Senior Member

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    The government's involvement in the bail out was to save the UAW. Saving GM was only a by product of this.

    There are few things done by the Big 0 and his cronies that cannot be traced back to propping up some union somewhere.

    Even the most recent infomercial for the Jobs-O-Matic contained the promise to add teachers to the dues paying union membership rolls at the expense of other tax payers WITH NO STIMULATIVE EFFECTS FOR THE ECONOMY AT ALL.

    Perhaps the most corrupt and corrupting administration in history. Have any unionized guitar makers been raided? Do they buy their rose wood completely finished by foreign workers instead of Americans which is why the Gibson company has been shut down.

    What a farce these idiots are conducting.
     
  4. code1211
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    code1211 Senior Member

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    For thos who don't want to watch the video: The three myths stated:
    1. Capitalism is Pro-business.

    It's not. Capitalism forces competition and pits one business against another. Capitalism regulated by government is probusiness in that it helps to rig the system and chooses winners and losers absent market forces.

    2. Capitalism creates an unfair distribution of wealth.

    It doesn't. The simple and obvious truth is that some people are worth more than ohters; more talented, more energetic, smarter and so on. Capitalism is brutally fair in distributing wealth.

    3. Capitalism caused the recent recession.

    It didn't. the recent recession is the result of regulated lending policies that created incentives to lend to those who would not repay. Capitalists participated in the scheme and so contributed toward the disaster, but in terms of cause, the government caused it.
     
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  5. clevergirl
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    clevergirl Gold Member

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    Precisely! The government deals in crony capitalism- true capitalism is the engine of hope and dreams that are realized through sacrifice; hard work; and ambition.
     
  6. Truthmatters
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    Truthmatters BANNED

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    Where has unfettered caplitalism EVER produced what you claim in the real worlds history?
     
  7. clevergirl
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    clevergirl Gold Member

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    You know, part of what makes you a PITA, is that you don't quote the person you are responding to when you ask a question. If you are just making a statement it's OK to not quote- not when you ask a question! I will guess that you are asking me.

    In answer to your question. The first 200+ years of this nation...DOH!
     
  8. Truthmatters
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    Truthmatters BANNED

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    I guess NONE of you can provide the time in history when things worked like you unfettered capitalist claim.

    That is because it doenst exsist.
     
  9. Truthseeker420
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    Truthseeker420 Gold Member

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    Myth 1. Business hire on on tax policy
    Myth 2. Business hire on how much money they have in their pocket
    Myth 3. Business hire on the amount government regulation

    Summary: Reaganomics/Trickle Down GOP economics is a myth

    Truth is business hire on production needs.
     
    Last edited: Sep 10, 2011
  10. code1211
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    code1211 Senior Member

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    Who has endorsed "Unfettered Capitalism"?

    There is a continuum between complete government control and ungfettered Capitalism. The choice is not one extreme or the the other. The choice is how much strangulation can business tolerate before it ceases to grow?

    Obviously, where ever that point on the continuum might be, we have passed it. Businesses are not growing. Start ups aren't happening.

    The threat of interferance from the government and that reality of interferance from the government are now sufficient to stop everything.

    Reagan defined the policies of democrats like this: If it moves, regulate it. If it keeps moving, tax it. If it stops moving, subsidize it.

    As I understand it The Sham-Wow Jobs Plan is to tax those things that move and subsidize those things that don't. The Democrat party, it seems, has not had a new idea in more than thirty years.
     
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