Capitalism is not corporatism

[sakinago]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

 

[Brain357]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

 

[Tehon]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

You defined capitalism but you didn't contrast it with corporatism.

How are we to know what you mean?

 

[sakinago]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

You defined capitalism but you didn't contrast it with corporatism.

How are we to know what you mean?

I gave a short example of it in the first paragraph. Basically when corporations are in bed/influencing the government, and vis versa. You’ll hear many denouncers of capitalism talk about how this is actually an oligarchy of corps created by capitalism. This is not at all free trade, it is the opposite. In capitalism there is no such thing as too big to fail. The big fail all the time. This should be especially true now a days, with how fast markets change. You either adapt, find a niche to serve, or wither and die by the wayside. Bad business practices will eventually bite you in the ass and usually be the cause of your demise. The easiest way to cover up your mistakes, or failure to compete is to get help from the government in some sort of way. Maybe through regulation, a tax, a bailout, outlawing, something along those lines.

Now, one could make the argument that cronyism is a result of capitalism. I disagree, as long as the government has its abilities restricted for the promotion of freedom. If government is properly limited in their ability, why would a corporation pay off a politician whose hands are tied? I also think it’s extremely hard for monopolies to form without the help of government. All it takes is the one person with the means to do it better and cheaper than the monopoly, and boom, now there is competition

 

[Tehon]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

You defined capitalism but you didn't contrast it with corporatism.

How are we to know what you mean?

I gave a short example of it in the first paragraph. Basically when corporations are in bed/influencing the government, and vis versa. You’ll hear many denouncers of capitalism talk about how this is actually an oligarchy of corps created by capitalism. This is not at all free trade, it is the opposite. In capitalism there is no such thing as too big to fail. The big fail all the time. This should be especially true now a days, with how fast markets change. You either adapt, find a niche to serve, or wither and die by the wayside. Bad business practices will eventually bite you in the ass and usually be the cause of your demise. The easiest way to cover up your mistakes, or failure to compete is to get help from the government in some sort of way. Maybe through regulation, a tax, a bailout, outlawing, something along those lines.

Now, one could make the argument that cronyism is a result of capitalism. I disagree, as long as the government has its abilities restricted for the promotion of freedom. If government is properly limited in their ability, why would a corporation pay off a politician whose hands are tied? I also think it’s extremely hard for monopolies to form without the help of government. All it takes is the one person with the means to do it better and cheaper than the monopoly, and boom, now there is competition

I never understood what law of capital accumulation prevented monopolies from forming in the absence of government. Do you know?

 

[The Original Tree]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Solyndra would be a better example.
Why the Solyndra mistake is still important to remember
Solyndra misled government to get $535M solar project loan: report

 

[Tehon]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Isn't capital accumulation the name of the game?

Why shouldn't the people beg their masters for jobs?

 

[Tax Man]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Solyndra would be a better example.
Why the Solyndra mistake is still important to remember
Solyndra misled government to get $535M solar project loan: report

Solyndra was to make revolutionary solar panels. Then the Chines came in with super cheap solar panels that did not produce as much power as the Solyndra panels and cost them the market.

 

[sakinago]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

You defined capitalism but you didn't contrast it with corporatism.

How are we to know what you mean?

I gave a short example of it in the first paragraph. Basically when corporations are in bed/influencing the government, and vis versa. You’ll hear many denouncers of capitalism talk about how this is actually an oligarchy of corps created by capitalism. This is not at all free trade, it is the opposite. In capitalism there is no such thing as too big to fail. The big fail all the time. This should be especially true now a days, with how fast markets change. You either adapt, find a niche to serve, or wither and die by the wayside. Bad business practices will eventually bite you in the ass and usually be the cause of your demise. The easiest way to cover up your mistakes, or failure to compete is to get help from the government in some sort of way. Maybe through regulation, a tax, a bailout, outlawing, something along those lines.

Now, one could make the argument that cronyism is a result of capitalism. I disagree, as long as the government has its abilities restricted for the promotion of freedom. If government is properly limited in their ability, why would a corporation pay off a politician whose hands are tied? I also think it’s extremely hard for monopolies to form without the help of government. All it takes is the one person with the means to do it better and cheaper than the monopoly, and boom, now there is competition

I never understood what law of capital accumulation prevented monopolies from forming in the absence of government. Do you know?

The fact that anyone could swoop in and create competition in whatever market is in discussion. Monopolies usually form when there are barriers of entries into a market. Most of the extremely difficult barriers to cross are usually put into place or exacerbated by government. If there’s a company like amazon, with their hands in all types of markets, no one is calling them a monopoly since they still have to compete, and they are very competitive in pricing and quality. As long as there is competition, which is very hard to get rid of without government, there isn’t going to be an unstoppable monopoly screwing everyone over, because there are other options to go with.

 

[sakinago]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Isn't capital accumulation the name of the game?

Why shouldn't the people beg their masters for jobs?

Capital accumulation is only one variable of the equation. You have to create a service or product. Then you have to sell it at a price people are willing to pay. If you have employees, you have to pay those employees a wage they are willing to work for. If just one of these things isn’t happening (along with many other variables), you’re not going to accumulate capital.

 

[sakinago]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Solyndra would be a better example.
Why the Solyndra mistake is still important to remember
Solyndra misled government to get $535M solar project loan: report

Solyndra was to make revolutionary solar panels. Then the Chines came in with super cheap solar panels that did not produce as much power as the Solyndra panels and cost them the market.

Solyndra were con-men, who sold snake oil to the government. They were basically the fyre festival of government loans.

 

[Deplorable Yankee]

and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

 

[Tehon]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

You defined capitalism but you didn't contrast it with corporatism.

How are we to know what you mean?

I gave a short example of it in the first paragraph. Basically when corporations are in bed/influencing the government, and vis versa. You’ll hear many denouncers of capitalism talk about how this is actually an oligarchy of corps created by capitalism. This is not at all free trade, it is the opposite. In capitalism there is no such thing as too big to fail. The big fail all the time. This should be especially true now a days, with how fast markets change. You either adapt, find a niche to serve, or wither and die by the wayside. Bad business practices will eventually bite you in the ass and usually be the cause of your demise. The easiest way to cover up your mistakes, or failure to compete is to get help from the government in some sort of way. Maybe through regulation, a tax, a bailout, outlawing, something along those lines.

Now, one could make the argument that cronyism is a result of capitalism. I disagree, as long as the government has its abilities restricted for the promotion of freedom. If government is properly limited in their ability, why would a corporation pay off a politician whose hands are tied? I also think it’s extremely hard for monopolies to form without the help of government. All it takes is the one person with the means to do it better and cheaper than the monopoly, and boom, now there is competition

I never understood what law of capital accumulation prevented monopolies from forming in the absence of government. Do you know?

The fact that anyone could swoop in and create competition in whatever market is in discussion. Monopolies usually form when there are barriers of entries into a market. Most of the extremely difficult barriers to cross are usually put into place or exacerbated by government. If there’s a company like amazon, with their hands in all types of markets, no one is calling them a monopoly since they still have to compete, and they are very competitive in pricing and quality. As long as there is competition, which is very hard to get rid of without government, there isn’t going to be an unstoppable monopoly screwing everyone over, because there are other options to go with.

There is no law of capital accumulation that would prevent monopolies from forming. They are the natural result of competition. It's why right wingers like to say that there are winners and losers in the capitalist system. It's also the reason why the government instituted the first anti trust laws in the first place.

But I'm not going to argue the point as to whether capitalism is the same as corporatism. It probably isn't. I'm not going to argue it because it is irrelevant. Outside of comforting your own sensibilities in some way, it makes no difference. They both share a few things in common which leads to the same outcome. They are driven by capital and capital accumulation is the end goal.

 

[toomuchtime_]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

You are confused. There are no crony special interests at work in Wi; the purpose of the tax breaks is to bring manufacturing jobs to Wi, not to enrich any particular company.

 

[bripat9643]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Most of us don't. On the other hand, plenty of Dims do.

 

[Brain357]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

You are confused. There are no crony special interests at work in Wi; the purpose of the tax breaks is to bring manufacturing jobs to Wi, not to enrich any particular company.

You are confused. It is the government picking winners and losers. And politicians make bad deals with tax payer dollars. It is noted you are a crony.

 

[Brain357]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Most of us don't. On the other hand, plenty of Dims do.

I think you would be surprised how many do. Many sure argue for it on this forum.

 

[bripat9643]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Most of us don't. On the other hand, plenty of Dims do.

I think you would be surprised how many do. Many sure argue for it on this forum.

I know some do.

 

[Brain357]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Most of us don't. On the other hand, plenty of Dims do.

I think you would be surprised how many do. Many sure argue for it on this forum.

I know some do.

I hope they figure out how wrong it is soon. Just leads to more corruption.

 

[Tehon]

Capitalism is not the same as corporatism. This is a popular mischaracterization those who denounce capitalism tend to make. They usually talk about corps gaining power, too much power, getting into bed with slimy politicians, etc., and then conclude capitalism is evil. This is corporatism, or cronyism, and there is an element of that today in our country with certain industries. More than what should be acceptable. However, conflating the two is more than just throwing the baby out with the bath water, it’s throwing the wrong baby out of the crib instead of the bath.

Capitalism operates on a few simple but scalable principles. The scalable part is extremely important.
1. Capatilism is free trade between 2 parties. Meaning the 2 parties are the only 2 making the decision for themselves.

2. Wealth is not just money. We use money to help us quantify wealth, but it doesn’t define wealth. This also means that wealth can be created. Skills, education, ideas, creativity, art, ability, beauty, etc., are all some of the many forms of wealth. Once it’s understood that wealth is more than just money, and that it can created in a ridiculous amount of ways, you also come to the conclusion that wealth is not a zero sum game. Wealth being a zero sum game is the underlying operating system socialism is based on.

3. For one to build wealth, one needs to serve humanity, at a price that other people are willing to pay.

4. It creates competition, and competition drives further innovation.

I’m constantly amazed that people who claim to be capitalists fully support crony special tax incentives like Foxconn got in WI.

Most of us don't. On the other hand, plenty of Dims do.

I think you would be surprised how many do. Many sure argue for it on this forum.

I know some do.

I hope they figure out how wrong it is soon. Just leads to more corruption.

They lick the boots of their masters. The job creators.