Capitalism is NOT Democratic: Democracy is NOT Capitalist

[Flopper]

I don't get this comment. I hear it a lot, and I guess people think it comes off as wise or moderate. But it's kind of meaningless. Immortality has never been "successfully implemented" either. Does that mean should stop trying to live longer? The question is whether we should aim for Capitalism or Socialism? Which do you want more of? Which do you want less of?


That's another phrase that's become popular with socialists in recent years: "unfettered capitalism". What is that supposed to mean? Do you mean unrestricted trade? Or do you mean lawlessness? They're different. Capitalism can't exist in a state of lawlessness.

Unfettered capitalism is capitalism with no restraints, no tariffs, no laws that would restrain business, no taxes on business, no protection for workers and no protection for consumers. Essentially businesses in an environment of unfettered capitalisms is free to pursue it's overriding goal, maximizing profits without interference. It is theatrical and can not exist in an organized society. All capitalism today is regulated. If done property, society get's the best all world, high productivity, and a civil society.

 

[georgephillip]

Moron, is the only response to your attention seeking

 

[georgephillip]

The difference is that in reality a capitalistic economy creates far more wealth than any other model or theory. You are in effect bitching about the fact that the benefits of capitalism far outweigh the alternatives.

For whom?

Capitalism tells you that you are entitled to as great a share of the world's resources as your money can buy regardless of the cost that inflicts on others.

For example, Americans are four percent of the global population who profit immensely from warfare waged in their names on the opposite side of the planet. Those crimes result in the killing, maiming, and displacement of millions of innocent civilians in places like Syria, Afghanistan, Iraq (and Africa).

Capitalism has always been a deadly business, and today it threatens human civilization with extinction if it isn't exterminated first.

Within the US all the wealth creation you correctly attribute to capitalism is undone by the miserable job it does of distributing the wealth among all Americans.

 

[bripat9643]

For whom?

Capitalism tells you that you are entitled to as great a share of the world's resources as your money can buy regardless of the cost that inflicts on others.

For example, Americans are four percent of the global population who profit immensely from warfare waged in their names on the opposite side of the planet. Those crimes result in the killing, maiming, and displacement of millions of innocent civilians in places like Syria, Afghanistan, Iraq (and Africa).

Capitalism has always been a deadly business, and today it threatens human civilization with extinction if it isn't exterminated first.

Within the US all the wealth creation you correctly attribute to capitalism is undone by the miserable job it does of distributing the wealth among all Americans.

How did Americans benefit from Afghanistan, Iraq or Vietnam?

 

[bripat9643]

https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners.

"Capitalism is not democratic, democracy not capitalist.

"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.

"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."

Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.

This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.

The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.

Democracy is rule by the dumbest 51% of the people. What makes you believe majority vote is a good way to design a car? It obviously isn't. There is no technical innovation that resulted from a majority vote. Economic democracy is the dumbest idea ever concieved.

 

[Toddsterpatriot]

Capitalism tells you that you are entitled to as great a share of the world's resources as your money can buy regardless of the cost that inflicts on others.

Capitalism says they don't have to sell to me.

 

[tahuyaman]

Capitalism is NOT Democratic​

It’s not Democratic, but it is democratic.

 

[georgephillip]

Add to that Panama, Grenada, Nicaragua, Vietnam, etc.

The burden of the white man just gets heavier and heavier:

"The prevalence of overt racism, notably John Fiske's conception of 'Anglo-Saxon' racial superiority and Josiah Strong's call to 'civilize and Christianize,' – were manifestations of a growing Social Darwinism and racism in some schools of American political thought."

https://en.wikipedia.org/wiki/American_imperialism#1800s%E2%80%931900s:_New_Imperialism_and_%22The_White_Man's_Burden%22

 

[georgephillip]

Good point, in that it seem to me that the main violence comes from the police, not just shooting innocents, but the illegal War on Drugs, asset forfeiture, mandated sentencing, etc.

I think the monopoly of violence in the US is definitely more concerned with street crime as opposed to white-collar oligarchic misbehavior even though the latter is far more destructive to society.

Organized (White Collar?) Crime Defining the concept: The term “white collar crime” coined by Sutherland (1939) Significant because it moved the field. - ppt download

 

[georgephillip]

The leaders we elect control the monopoly of violence. Do you have a point?

The leaders we currently elect serve US corporate oligarchs, not the majority.

Do you have a solution?

 

[themirrorthief]

The Business Roundtable, MiBiz and the free-market lie

Why Free Market Ideology is a Double Lie - Evonomics

socialism and communism always fail when big brother takes your paycheck and re distributes it its only a matter of time you spend your time at work drinking and sitting on your ass cause working hard will get you NOWHERE

 

[themirrorthief]

The leaders we currently elect serve US corporate oligarchs, not the majority.

Do you have a solution?

THE WEALTHY always control everything that is never going to change money is power communism just increases the poor and POWERLESS

 

[themirrorthief]

The leaders we currently elect serve US corporate oligarchs, not the majority.

Do you have a solution?

MOVE TO SOMALIA

 

[georgephillip]

Giving government even more control over our money would be a terrible mistake.

If government began making loans to consumers/small businesses at this rate of interest, how terrible would that be?

Why the Fed Lowered Interest Rates Again (Published 2019)

 

[bripat9643]

The burden of the white man just gets heavier and heavier:

"The prevalence of overt racism, notably John Fiske's conception of 'Anglo-Saxon' racial superiority and Josiah Strong's call to 'civilize and Christianize,' – were manifestations of a growing Social Darwinism and racism in some schools of American political thought."

https://en.wikipedia.org/wiki/American_imperialism#1800s%E2%80%931900s:_New_Imperialism_and_%22The_White_Man's_Burden%22

Social Darwinism is an idea promoted by progressives like Woodrow Wilson and Margret Sanger. birth control was part of Sanger's plan to keep blacks from reproducing.

 

[bripat9643]

The leaders we currently elect serve US corporate oligarchs, not the majority.

Do you have a solution?

My solution for you is to send you to a reeducation camp.

 

[jc456]

Name a place socialism works?

also, what’s your issue with capitalism?

 

[Toddsterpatriot]

If government began making loans to consumers/small businesses at this rate of interest, how terrible would that be?

Why the Fed Lowered Interest Rates Again (Published 2019)

If government began making loans to consumers/small businesses at this rate of interest, how terrible would that be?

That's the rate at which banks lend reserves to each other.
Over night loans, how many consumers/small businesses need those?

 

[georgephillip]

The Coming Democratization Of Currency

Friedman felt that money had to be government-issued and its supply managed by a central bank.

www.forbes.com

Friedman also believed one person-one vote distorted markets, and he vastly preferred the latter:

The End of Friedmanomics

"All of which makes a contemporary reading of Friedman’s Cape Town lectures a harrowing experience.

"His first speech was an unremitting diatribe against political democracy—an explicit rejection of, in Friedman’s words, 'one person, one vote,' delivered to a nation in which more than half of the population was disenfranchised by race.

"Voting, Friedman declared, was inescapably corrupt, a distorted “market” in which “special interests” inevitably dictated the course of public life. Most voters were 'ill-informed.'"

 

[georgephillip]

"Oligarchs” is the left's "deep state" - a vaguely defined boogeyman to scare the children.

Oligarchs are private tyrants who corrupt government and virtually everything else they touch in spite of what their far-right libertarian apologists promote:

Inside the Koch Brothers' Toxic Empire