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Capitalism is NOT Democratic: Democracy is NOT Capitalist

Toddsterpatriot

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In the richest country in history 40 million people were poor, half of all workers lived paycheck to paycheck, and 12% of the population had experienced food insecurity at some point during the preceding year.

Fewer poor and hungry people under communism, eh?
 

beautress

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Human labor made America.
Capitalism exploits labor by privatizing profit and socializing cost.
Through the years I have seen laborers buy summer cabins in the mountains, and become wealthy by making wise investments, and being generous to their communities with both donations and spending time on fundraisers.

America worked well before Nancy Pelosi used her savvy to divide and threaten people better than her conniving selfishness to scream fore more power if she had to destroy this nation to get it. She has shamed her country with her tantrums and evil plots. We're sick of her crummy lies, threats, and pretentious secrecy and celebrating her evil plots with gold pen giveaways every time she succeeds in humiliating a rival with calumny her corrupt press obediently publish as truth which it is not. Her soul is uglier than the thought of Lady Macbeth of Shakespearean era.
 
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georgephillip

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America worked well before Nancy Pelosi used her savvy to divide and threaten people better than her conniving selfishness to scream fore more power if she had to destroy this nation to get it.
When was America working well for its middle class, before or after Pelosi went to DC (1987)?
1*t-nkqIgnT3JnwdEeRf-77Q.png

Nancy Pelosi to Leftist NYU Student: We’re Capitalists, Deal With It

"Hill presented Pelosi with a Harvard University poll showing millennials’ distaste for capitalism. Hill, who supported Vermont Senator Bernie Sanders in the Democratic primary and voted for Jill Stein in November, then asked the former Speaker of the House whether she saw an opportunity for the Democratic Party to move left.

"He suggested 'a more stark contrast to right-wing economics,' might be the best route for the Democrats to attract millennial voters, similar to how the Republican party moved to the ideological right after the 2008 presidential election to court large turnout among their base.

"'I have to say, we’re capitalists, that’s just the way it is,' Pelosi responded with a chuckle. 'However, we do think that capitalism is not necessarily meeting the needs with the income inequality that we have in our country.'"
 

progressive hunter

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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-Tax-Bill-July-1981-resize.jpg

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.
might be the reason we are not a democracy,,
 

whitehall

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The Founding Fathers listed the duty of the federal government in two sentences, "To provide for the common defense" "to promote the general welfare". Through the decades, self described experts (socialists?) in history and politics switched the sentences around to where it became "provide for the general welfare and promote the common defense". Democracy doesn't mean economic equality. Capitalism together with the basic freedoms guaranteed in the Bill of Rights allow anyone to pursue his/her dream of becoming rich. Playing word games with "democracy" and Capitalism" does nobody any good.
 

j-mac

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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-Tax-Bill-July-1981-resize.jpg

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.

This is a perfect example of why people should no longer send their kids to these institutions...They have become Socialist sympathizers...
 

j-mac

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We're a representative democracy not an oligarchy.
trump-pixel-head-im-really-really-rich-bitch-womens-t-shirt.jpg
Wrong again...We are a Representitive Republic....And, I don't buy for a second that you are rich at all...
 
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georgephillip

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Darn capitalists, with their crop failures and smallpox epidemics.......LOL!
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."
 

K9Buck

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Markets that adjust themselves to debt claims growing exponentially beyond an economy's ability to pay.
Thanks to out-of-control government that spends TRILLIONS that we don't have. That's not a fault of capitalism, that's a fault of big government, which you adore.
 

OKTexas

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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-Tax-Bill-July-1981-resize.jpg

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.


Actually capitalism is the purest form of democracy, if enough people take their dollars to another company, the first will cease to exist. So go get yourself a tissue and stop reading the crap put out by Marxist academics.

.
 

Toddsterpatriot

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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."

1627682830138.png
 

Toddsterpatriot

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Markets that adjust themselves to debt claims growing exponentially beyond an economy's ability to pay.
Financial bubbles in multiple asset classes.
Making real estate speculation and junk-bond takeovers exempt from income taxation.
48y6y6.jpg

MAGA!

Markets that adjust themselves to debt claims growing exponentially beyond an economy's ability to pay.

The economy can't pay its debt? How does an economy even borrow?
What does the economy borrow from......the economy?

Making real estate speculation and junk-bond takeovers exempt from income taxation.

Real estate isn't taxed? Real estate income isn't taxed?
How should a junk-bond takeover be taxed? Any specifics?
 

K9Buck

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If leftists understood economics, they wouldn't be leftists. Leftists claim to support freedom while endorsing massive government with never-ending regulations and taxes out the wazoo on average Americans.

In its pure form, capitalism involves a market where free people are FREE to engage in commerce together FREE of government interference. A garage sale or a flea market is very "free-market" and "capitalistic" in that there are buyers and sellers who FREELY choose to buy and sell. That is free-market capitalism in action and, yes, that freedom is what allowed Americans to become so prosperous. And the left is opposed to it? Amazing.
 

OKTexas

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The New Deal created the greatest middle class in history after capitalism collapsed the global economy in 1929. Central planning won both world wars in the 20th century. By early 2020 when the MAGA pandemic first began shutting down the world economy, 87 million US residents lacked adequate healthcare and 40% could not afford an unexpected $400 expense.

In the richest country in history 40 million people were poor, half of all workers lived paycheck to paycheck, and 12% of the population had experienced food insecurity at some point during the preceding year.

That's what capitalism does.
It consolidates wealth in fewer and fewer hands with each passing generation.
Only slaves call that freedom.


No that's what stupid people do. Anyone who refuses to save for future expenses is just plain stupid. And don't pretend such expenses are really unexpected, anyone with a brain knows things will happen. Do you really think the refrigerator or car will run for ever?

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