What is "Unfettered Capitalism"?

[The Rabbi]

Capitalism is a self regulating system. Charge too much, someone will undercut you. Deliver bad goods/services? People will stop buying. Cheat someone? Expect a big lawsuit.
The problems that people cite with "capitalism" usually are the result of lack of capitalism, i.e. gov't intrusion.
Capitalism has raised standards of living and brought people out of poverty. Why would anyone want to fetter that?

 

[ScienceRocks]

We see how self regulating it is by looking at China, India or 19th century America. Anyone that thinks it is self regulating knows nothing of what they're talking about.

Government and unions are needed for capitalism to be fair to the worker. One of the big reasons we did so good as a nation in the 40's into the 60's was because of this fact. Today? The rich have taken it all and moved operations to china.

 

[The Rabbi]

We see how self regulating it is by looking at China, India or 19th century America. Anyone that thinks it is self regulating knows nothing of what they're talking about.

Government and unions are needed for capitalism to be fair to the worker. One of the big reasons we did so good as a nation in the 40's into the 60's was because of this fact. Today? The rich have taken it all and moved operations to china.

China and India are communist/socialist countries, doofus.

 

[Moonglow]

We see how self regulating it is by looking at China, India or 19th century America. Anyone that thinks it is self regulating knows nothing of what they're talking about.

Government and unions are needed for capitalism to be fair to the worker. One of the big reasons we did so good as a nation in the 40's into the 60's was because of this fact. Today? The rich have taken it all and moved operations to china.

China and India are communist/socialist countries, doofus.

India is the largest democracy in the world...

 

[The Rabbi]

We see how self regulating it is by looking at China, India or 19th century America. Anyone that thinks it is self regulating knows nothing of what they're talking about.

Government and unions are needed for capitalism to be fair to the worker. One of the big reasons we did so good as a nation in the 40's into the 60's was because of this fact. Today? The rich have taken it all and moved operations to china.

China and India are communist/socialist countries, doofus.

India is the largest democracy in the world...

Democracy is not capitalism, doofus.

 

[amrchaos]

We see how self regulating it is by looking at China, India or 19th century America. Anyone that thinks it is self regulating knows nothing of what they're talking about.

Government and unions are needed for capitalism to be fair to the worker. One of the big reasons we did so good as a nation in the 40's into the 60's was because of this fact. Today? The rich have taken it all and moved operations to china.

China and India are communist/socialist countries, doofus.

yes, they are yet we still buy inferior and dangerous goods from China and both countries suck up industrial jobs like a mop from more capitalist nations.

If capitalism was self regulating, why are the communist/socialists countries being rewarded by it?

 

[ScienceRocks]

We enjoy clear skies and clean water because of regulations
Our workers have rights and get paid better then china, india or some other shit hole because of minimum wage and unions.
Our quality is higher because of standards
Our food, medication and other products are safe because of the fda, cdc, etc.
Anti-trust laws make sure huge corps don't crowd out the entire industry...

All this is needed to regulate capitalism..Anyone that says that capitalism is self regulating is without the slightest clue of what they're talking about. You think capitalism cared about its workers in China??? Or in 1890's America? People come after money in capitalism.

 

[NoTeaPartyPleez]

Now that Amazon is killing Walmart, I wonder how many of the Waltons are still happy with capitalism?

 

[RodISHI]

Capitalism is a self regulating system. Charge too much, someone will undercut you. Deliver bad goods/services? People will stop buying. Cheat someone? Expect a big lawsuit.
The problems that people cite with "capitalism" usually are the result of lack of capitalism, i.e. gov't intrusion.
Capitalism has raised standards of living and brought people out of poverty. Why would anyone want to fetter that?

Why not demand that our leaders "fetter that" when it comes to calling a disease causing agent equivalent with a naturally occurring substance. How can a product such as an altered toulene be considered a "natural" substance by FDA? If companies are allowed to buy and pay for politicians who is being 'fettered'? Wouldn't that be the consumer that is being fettered by legalized lies and fraud?

 

[konradv]

Capitalism is a self regulating system. Charge too much, someone will undercut you. Deliver bad goods/services? People will stop buying. Cheat someone? Expect a big lawsuit.The problems that people cite with "capitalism" usually are the result of lack of capitalism, i.e. gov't intrusion. Capitalism has raised standards of living and brought people out of poverty. Why would anyone want to fetter that?

What if there's no one else to buy or get services from because unfettered(unregulated) capitalism has driven out all the competition? There's also the matter of pollution and unsafe working conditions. Unfettered capitalism considers worrying about them to be unproductive and therefore ignores their effects.

 

[Neser Boha]

The capitalism might have worked (in an extremely 'impure' form) for a while, but it's not a sustainable system. There is no endless growth, there are no endless resources. We are killing the planet by over-consuming cheap nasty crap that ends up sooner or later as trash. We need to go back to quality over quantity and more local/production/consumption. Luxuries should really be luxuries and necessities necessities ... I see it already happening. Development is headed that way. Plus governmental intervention is extremely important - it's in fact the people/citizens - making sure that the water is drinkable and the air is breathable - that all of the necessities and resources are not destroyed in the blind race after profit as has been done and is being done by unscrupulous corporations.

Capitalism is soon going to give way to some other system. It has to, our survival on this planet actually depends on it.

 

[Iceweasel]

We see how self regulating it is by looking at China, India or 19th century America. Anyone that thinks it is self regulating knows nothing of what they're talking about.

Government and unions are needed for capitalism to be fair to the worker. One of the big reasons we did so good as a nation in the 40's into the 60's was because of this fact. Today? The rich have taken it all and moved operations to china.

China and India are communist/socialist countries, doofus.

yes, they are yet we still buy inferior and dangerous goods from China and both countries suck up industrial jobs like a mop from more capitalist nations.

If capitalism was self regulating, why are the communist/socialists countries being rewarded by it?

The capitalism they do practice is how they pay the bills. America votes with its' dollars. People don't want to pay for high priced union made goods if they have an option. That's a fact. Also over regulation is killing business. People think if you're in business you are wealthy and can afford to hand over more and more money to government.

 

[Iceweasel]

We enjoy clear skies and clean water because of regulations
Our workers have rights and get paid better then china, india or some other shit hole because of minimum wage and unions.
Our quality is higher because of standards
Our food, medication and other products are safe because of the fda, cdc, etc.
Anti-trust laws make sure huge corps don't crowd out the entire industry...

All this is needed to regulate capitalism..Anyone that says that capitalism is self regulating is without the slightest clue of what they're talking about. You think capitalism cared about its workers in China??? Or in 1890's America? People come after money in capitalism.

Nixon started the EPA. There's nothing uncapitalistic about it. We all enjoy a healthier environment. Customers live longer and spend more in a healthy market too.

 

[bripat9643]

We see how self regulating it is by looking at China, India or 19th century America. Anyone that thinks it is self regulating knows nothing of what they're talking about.

Government and unions are needed for capitalism to be fair to the worker. One of the big reasons we did so good as a nation in the 40's into the 60's was because of this fact. Today? The rich have taken it all and moved operations to china.

Yeah, because China and India don't have any government regulations.

Quit proving you're an ignorant boob, Matthew.

 

[RodISHI]

We see how self regulating it is by looking at China, India or 19th century America. Anyone that thinks it is self regulating knows nothing of what they're talking about.

Government and unions are needed for capitalism to be fair to the worker. One of the big reasons we did so good as a nation in the 40's into the 60's was because of this fact. Today? The rich have taken it all and moved operations to china.

China and India are communist/socialist countries, doofus.

India is the largest democracy in the world...

India is also a caste society ruled over by money and elitist who buy and pay for judges just like here in many cities.

Capitalism is a self regulating system. Charge too much, someone will undercut you. Deliver bad goods/services? People will stop buying. Cheat someone? Expect a big lawsuit.The problems that people cite with "capitalism" usually are the result of lack of capitalism, i.e. gov't intrusion. Capitalism has raised standards of living and brought people out of poverty. Why would anyone want to fetter that?

What if there's no one else to buy or get services from because unfettered(unregulated) capitalism has driven out all the competition? There's also the matter of pollution and unsafe working conditions. Unfettered capitalism considers worrying about them to be unproductive and therefore ignores their effects.

They just ship in new slaves (such as they want to do now from the Middle East) or force people to migrate as they drive those out of their homelands. I have not seen any news reports on how the large corporations were driving people 15 years ago as this started in South America wiping out small farmers and forest.

The big corporate's just buy and pay for judges if a private won't sell out and that is a fact. We don't just have capitalism here. We have International bullies demanding protection as they kill off innocent and ignorant people and their children.

 

[Iceweasel]

Now that Amazon is killing Walmart, I wonder how many of the Waltons are still happy with capitalism?

All of them. Everyone I have been in is still busy. Cover your 'I don't shop at Walmart' bumper sticker some day and go check it out.

 

[bripat9643]

We enjoy clear skies and clean water because of regulations
Our workers have rights and get paid better then china, india or some other shit hole because of minimum wage and unions.
Our quality is higher because of standards
Our food, medication and other products are safe because of the fda, cdc, etc.
Anti-trust laws make sure huge corps don't crowd out the entire industry...

All this is needed to regulate capitalism..Anyone that says that capitalism is self regulating is without the slightest clue of what they're talking about. You think capitalism cared about its workers in China??? Or in 1890's America? People come after money in capitalism.

Nixon started the EPA. There's nothing uncapitalistic about it. We all enjoy a healthier environment. Customers live longer and spend more in a healthy market too.

Sorry, I have to disagree with that. There's nothing capitalist about the EPA.

 

[Iceweasel]

The capitalism might have worked (in an extremely 'impure' form) for a while, but it's not a sustainable system. There is no endless growth, there are no endless resources. We are killing the planet by over-consuming cheap nasty crap that ends up sooner or later as trash. We need to go back to quality over quantity and more local/production/consumption. Luxuries should really be luxuries and necessities necessities ... I see it already happening. Development is headed that way. Plus governmental intervention is extremely important - it's in fact the people/citizens - making sure that the water is drinkable and the air is breathable - that all of the necessities and resources are not destroyed in the blind race after profit as has been done and is being done by unscrupulous corporations.

Capitalism is soon going to give way to some other system. It has to, our survival on this planet actually depends on it.

Thanks for taking a break from your crack pipe and filling us in, Oh Seer of Future Days.

 

[Mac1958]

"Unfettered Capitalism" is just another partisan red herring. There's no such thing.

The challenge, obviously, is finding an agreeable point of equilibrium between too much regulation and not enough regulation.

Only partisans use that term. You'll never hear that phrase used by serious people.
.

 

[bripat9643]

Capitalism is a self regulating system. Charge too much, someone will undercut you. Deliver bad goods/services? People will stop buying. Cheat someone? Expect a big lawsuit.The problems that people cite with "capitalism" usually are the result of lack of capitalism, i.e. gov't intrusion. Capitalism has raised standards of living and brought people out of poverty. Why would anyone want to fetter that?

What if there's no one else to buy or get services from because unfettered(unregulated) capitalism has driven out all the competition? There's also the matter of pollution and unsafe working conditions. Unfettered capitalism considers worrying about them to be unproductive and therefore ignores their effects.

There has never been a monopoly in the history of capitalism that wasn't legally enforced. Unsafe working conditions have been resolved by lawsuits. The record shows that the creation of OSHA has zero affect on the reduction in workplace accidents and illnesses.

Pollution issues can be resolved through the tort process.