Capitalism is NOT Democratic: Democracy is NOT Capitalist

[georgephillip]

'd rater be "exploited" by capitalism than have a share of the communal meal.

MAGA yet?

 

[georgephillip]

if you have no money you arent free to do much of anything...like eat give me the cash and you can keep your communism

Tell the capitalist parasites

The GOP tax law showers benefits on the wealthy and large corporations while abandoning middle-class Americans and Main Street businesses

 

[westwall]

Capitalism is NOT Democratic: Democracy is NOT Capitalist​

And Communism is not succesful.

Not ever. Except for committing mass murder. They are the best ever at that.

 

[westwall]

You're still ignorant.

Great Bengal famine of 1770 - Wikipedia

"The Company provided little mitigation either through reduced taxation or by relief efforts.[7] Other factors adding to the pressure were: grain merchants ceased offering grain advances to peasants, but the market mechanism for exporting their grain to other regions remained in place; the Company purchased a large proportion of the rice for its army; and the Company's private servants and their Indian Gomasthas created local monopolies of grain."

Near 300 year old tales of corrupt assholes doesn't help you, idiot.

Venezuela, right now, is starving. Your socialist Mecca is witnessing the largest mass starvation in decades.

You truly are a moron.

 

[georgephillip]

our Socialist Utopia does that on steroids......the Political Elite, and the starving peasants

The revenge of the 'Oxy electorate' helped fuel Trump's election upset

 

[MisterBeale]

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.

You are incorrect.


The source of the problem has to do with government intervention, not the free market.

Adam Smith and many economists have already solved this problem, but powerful oligarchs have prevented the implementation of the solution.

" . . It was Adam Smith who first noted the efficiency and distributional properties of a land value tax in his book The Wealth of Nations.[11]


". . . Ground-rents are a still more proper subject of taxation than the rent of houses. A tax upon ground-rents would not raise the rents of houses. It would fall altogether upon the owner of the ground-rent, who acts always as a monopolist, and exacts the greatest rent which can be got for the use of his ground. More or less can be got for it according as the competitors happen to be richer or poorer, or can afford to gratify their fancy for a particular spot of ground at a greater or smaller expense. In every country the greatest number of rich competitors is in the capital, and it is there accordingly that the highest ground-rents are always to be found. As the wealth of those competitors would in no respect be increased by a tax upon ground-rents, they would not probably be disposed to pay more for the use of the ground. Whether the tax was to be advanced by the inhabitant, or by the owner of the ground, would be of little importance. The more the inhabitant was obliged to pay for the tax, the less he would incline to pay for the ground; so that the final payment of the tax would fall altogether upon the owner of the ground-rent. Both ground-rents and the ordinary rent of land are a species of revenue which the owner, in many cases, enjoys without any care or attention of his own. Though a part of this revenue should be taken from him in order to defray the expenses of the state, no discouragement will thereby be given to any sort of industry. The annual produce of the land and labour of the society, the real wealth and revenue of the great body of the people, might be the same after such a tax as before. Ground-rents and the ordinary rent of land are, therefore, perhaps, the species of revenue which can best bear to have a peculiar tax imposed upon them. [...] Nothing can be more reasonable than that a fund which owes its existence to the good government of the state should be taxed peculiarly, or should contribute something more than the greater part of other funds, towards the support of that government."
— Adam Smith, The Wealth of Nations, Book V, Chapter 2

Georgism - Wikipedia

en.wikipedia.org

 

[Toddsterpatriot]

Tired of winning?

How'd your bright idea of never buying any stock work out for you?

Are you the poorest genius?

The brightest broke whiner?

 

[Toddsterpatriot]

Nope, not me.

I'm happy I could explain your error to you.

 

[struth]

How many people demanded the outsourcing of millions of middle-class jobs to China? A very small very rich minority called the "owners of the means of production" made that call. By contrast, in Germany where many labor unions had blue-collar workers sitting on the board of directors of the corporations they worked for, far fewer "owners" made the decision to move production to slave-wage domains.

china is Germany’s biggest trading partner. try again

 

[OKTexas]

Yeah, because the next corporation has no incentive to pay anymore than the previous.

All corporations compete for qualified people, right now Target is offering full college tuition, books and fees trying attract employees. You need to put the kool-aid down.

.

 

[bripat9643]

Tell the capitalist parasites

The GOP tax law showers benefits on the wealthy and large corporations while abandoning middle-class Americans and Main Street businesses

How are people who produce a product that you purchase voluntarily "parasites."

 

[Toddsterpatriot]

How are people who produce a product that you purchase voluntarily "parasites."

Because property is theft.....just ask him.

 

[georgephillip]

I’m glad you’re fixation on race runs your life. You deserve it.

I'm (almost) sorry your ignorance of US history blinds you to how America profits by projecting racism into foreign and domestic policy.

https://www.middleeasteye.net/news/...without-saying-it-supports-two-state-solution

 

[LAUGHatLEFTISTS]

H

I'm (almost) sorry your ignorance of US history blinds you to how America profits by projecting racism into foreign and domestic policy.

https://www.middleeasteye.net/news/...without-saying-it-supports-two-state-solution

Hahahahha another post relying on race. Enjoy your hate and misery. I know I do!

 

[georgephillip]

I’m glad to see somebody besides me reads Wolfstreet.com . It is one of the best places to educate oneself about our mad contemporary capitalism, written by a guy who really understands how the Federal Reserve system works.

The Fed seems more interested in bailing out creditors? There's a saying that goes "if you owe the bank one million dollars, the bank own you, but if you owe the bank 100 million dollars, you own the bank" Collectively, US debtors own the bank:
You are not a loan • Debt Collective

"The only sensible solution is a policy of generous cash payments coupled with wide-scale debt relief.

"Research shows that people spent 30 percent of their 2020 stimulus checks to service debt, which means the government’s cash transfers were, in the end, a rather roundabout way of bailing out creditors—an absurd and wasteful outcome, given the profitability of the financial sector and the damage it has done to society as a whole."

The Case for Wide-Scale Debt Relief

"You Are Not Aloan"

 

[CrusaderFrank]

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.

Capitalism is an economic system, democracy is a political system; see the problem?

“Information is not knowledge.
Knowledge is not wisdom.
Wisdom is not truth.
Truth is not beauty.
Beauty is not love.
Love is not music.
Music is THE BEST.” -- Frank Zappa​

 

[georgephillip]

On the other hand, I do NOT agree with argument that the U.S. Revolution was “a counterrevolution” inspired to any significant degree by a fear that Britain would abolish slavery.

Britain didn't get around to outlawing slavery until 1807, so American capitalism dodged a bullet there, but Haiti provided a new threat.

How did the slave trade end in Britain?

"On 23 August 1791 a massive revolt by enslaved Africans erupted on the island of Saint Domingue, now known as Haiti and the Dominican Republic.

"The uprising would play a crucial role in making Saint Domingue the first Caribbean island to declare its independence and only the second independent nation in the Western Hemisphere."

 

[bripat9643]

The Fed seems more interested in bailing out creditors? There's a saying that goes "if you owe the bank one million dollars, the bank own you, but if you owe the bank 100 million dollars, you own the bank" Collectively, US debtors own the bank:
You are not a loan • Debt Collective

"The only sensible solution is a policy of generous cash payments coupled with wide-scale debt relief.

"Research shows that people spent 30 percent of their 2020 stimulus checks to service debt, which means the government’s cash transfers were, in the end, a rather roundabout way of bailing out creditors—an absurd and wasteful outcome, given the profitability of the financial sector and the damage it has done to society as a whole."

The Case for Wide-Scale Debt Relief

"You Are Not Aloan"

The US government is the biggest debtor in the universe.

 

[georgephillip]

Hey retard, "Capitalism" is an economic system. Democracy is a form of government. You're again trying to compare cats and bulldozers, showing just how fucking stupid you are.

Capitalism is a criminal enterprise that transforms democracies into oligarchies. It's not hard to guess which political economy brain-dead rat shit like you prefer.

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

"How deeply seated are the incompatibilities of 'varieties of capitalism' with different varieties of democracy?

"To what extent has capitalism, in its different varieties, become a challenge for democracy and its normative standards?

"In our approach capitalism is the challenger, the independent variable, while democracy functions as the dependent variable.

"Yet, this independent variable is in a constant process of change, conditioned by political, social and economic influences."

 

[georgephillip]

You don't know what "capitalism" is.

You're a fucking retard.

Capitalism is a con.
It was born in slavery and genocide.
Only useless eaters like you a clueless.