What Capitalism has Done for the Common Man.

Discussion in 'Politics' started by Publius1787, Aug 16, 2012.

  1. Publius1787
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    Publius1787 Gold Member

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    What Capitalism has Done for the Common Man

    A great video that shows the increase in human advancement. I credit capitalism!

    [ame=http://www.youtube.com/watch?v=jbkSRLYSojo]Hans Rosling's 200 Countries, 200 Years, 4 Minutes - The Joy of Stats - BBC Four - YouTube[/ame]
     
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  2. occupied
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    occupied Gold Member

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    If Capitalism has benefited the "common man" I can assure you it was unintentional.
     
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  3. Publius1787
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    Publius1787 Gold Member

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    I agree. That’s how capitalism works. Separate people pursuing their separate interests, dealing in a manner of which parties come to an agreement in order to exchange goods and services.
     
    Last edited: Aug 16, 2012
  4. Truthmatters
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    Truthmatters BANNED

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    I am capitalist.

    It needs fettering or it kills its self
     
  5. Publius1787
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    Publius1787 Gold Member

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    We need another Lochner v. New York

    [ame=http://www.youtube.com/watch?v=uNFZV0wE0ZM]David Bernstein on Rehabilitating Lochner and the Freedom to Contract - YouTube[/ame]
     
  6. healthmyths
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    healthmyths Gold Member Supporting Member

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    Of course it is UNINTENTIONAL!!!
    "Intentional" is where a handful of people thinking (central planning..) they know how many potatoes should be eaten in a year and therefore how many should be planted.
    FAILS because there is ALWAYS something unexpected!

    CENTRAL PLANNING for example ..
    1986 Congress passed EMTALA good intentions being anyone going to hospital for emergency treatment but not able to pay is covered IF the hospital takes Medicare!
    Sounds well intentioned.. right??

    Well guess what .. hospitals with the BLESSING of Medicare "pad and pass" on to Medicare these "uncompensated" costs... as a result today some hospitals send Medicare claims marked up 6,000% and Medicare Pays!
    Why because they know the hospital is "absorbing" uncompensated services!
    Good intentions but nevertheless grossly INEFFICIENT!
    As this practice snowballed, health care costs increased. Insurance companies pay the claims and to cover, increase premiums! Vicious cycle!
    All because of "good intentions".. central planning!!!
     
  7. SniperFire
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    SniperFire Senior Member

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    [​IMG]
     
  8. Publius1787
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    Publius1787 Gold Member

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    I dont't think "occupied" understands capitalism.
     
  9. healthmyths
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    healthmyths Gold Member Supporting Member

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    What you are reading from "occupied" and others of that ilk are examples of the educators bias against capitalism! This bias was taught in their colleges. The colleges have done as the MSM has done taken the "exceptions" i.e. the Madorffs, the Hollywood narrative, "Greed is good" and made that the rule !
    As a result educators/colleges and people like "occupied" see ALL business, all Capitalism, All bankers as the bad guys! They hate Walmart. They love unions and all because a handful of educators who NEVER ran a business teach students who become teachers!

    The test for the "Occupieds" of the world is ask a simple question..
    what is the net profit of the average health insurance company.
    They will immediately launch diatribes against high salaried execs. People being canceled or turned down. NOT ONE of them will understand the question much less know the answer!
     
  10. Publius1787
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    Publius1787 Gold Member

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    Oh, trust me I know. When I went to college they required that I have 3 "social justice" credits. They accepted my economics class from a previous school. I didn't understand why until I found out that their economics class's had nothing to do with the sciences and everything to do with the arts (I assume you know the difference between the two). Whereas I was crunching numbers and plotting graphs, learning about scarcity, opportunity cost, trade, inflation, unemployment, employment, cost curves, employment curves etc. , they wrote unscientific essays on poverty and inequality. Go figure.
     
    Last edited: Aug 16, 2012

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