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Any meaningful and lasting freedom comes from public power instead of rule by a monarch or a collection of (slave owning) oligarchs.Any way of living...Capitalism, Socialism, Communism, Fascism and more are not part of Freedom which is from a Republic. Not Democracy. The Constitution say nothing about those different systems. It tells us we are a Republic. And we are not anymore. We are a Democracy as we are kept being told by the politicians.
So what?
Yes, owners want to maximize profits...that's not anything new or surprising.And every capitalist who becomes an owner falls prey to the same internal contradictions that have plagued capitalism since it replaced feudalism:
Internal contradictions of capital accumulation - Wikipedia
"Economic geographer David Harvey argues that the multi-stage process of capital accumulation reveals a number of internal contradictions:
- "Step 1 – The power of labor is broken down and wages fall. This is referred to as 'wage repression' or 'wage deflation' and is accomplished by outsourcing and offshoring production.[1]
- Step 2 – Corporate profits—especially in the financial sector—increase, roughly in proportion to the degree to which wages fall in some sectors of the economy.[1]
- Step 3 – In order to maintain the growth of profits catalyzed by wage deflation, it is necessary to sell or 'supply' the market with more goods."
Socialism is the Govt owning the means of production.Socialism advocates the collective ownership of the means of production. The government is one of several possible alternatives to our current "privatize profits/socialize costs economic paradigm.
Left-wing agitators fighting for the victims of corporate fraud deserve support at least as much as corporate criminals deserve jail time.t's nothing but a payoff to leftwing agitators.
Capitalism isn't democratic (in the one vote, one person sense). But that doesn't mean the two aren't compatible. It just means that capitalism denies government control of the economy.Is capitalism compatible with democracy?
Most of the people speaking out against socialism are referring to state socialism. The non-governmental solutions aren't the issue. If you want to create an "employee owned" company or start your own commune, have it it. As long as it's voluntary, as long as you're not using force to compel others to play along, I have no problem with it.The government is one of several possible alternatives to our current "privatize profits/socialize costs economic paradigm.
Without exclusive legal control of currency legal tender would become obsolete. Is that something you support?None.
Ahh....so you're equivocating on terminology. Shocker.Without exclusive legal control of currency legal tender would become obsolete.
Freedom is slavery?Any meaningful and lasting freedom comes from public power instead of rule by a monarch or a collection of (slave owning) oligarchs.
Trump's a crony capitalist equally willing to support Hillary Clinton or Qanon depending on short-term gain.
Anyone who isn't willing to recognize capitalism's many failures (like eternal war and endless debt, genocide, and chattel slavery) are likely apologists for a status quo that has long outlived its usefulness to productive members of society.
How does that justify paying billions from a legal settlement to leftwing agitators?Left-wing agitators fighting for the victims of corporate fraud deserve support at least as much as corporate criminals deserve jail time.
Bank of America: Corporate Rap Sheet | Corporate Research Project
"In 1985 Bank of America ended a ten-year battle with the California state controller by agreeing to pay $25.4 million to customers whose dormant accounts were not paid interest and were eventually wiped out by illegal service charges.
"A decade later, California’s attorney general sued Bank of America, accusing it of corruption in its role as bond trustee for the state by misappropriating funds, overcharging for services and destroying evidence of its misdeeds.
"Dozens of local governments joined the suit, which created potential liability for the bank of some $3 billion.
"As SF Weekly put it in a 5,000-word story in 1997, the lawsuits alleged “a truly astonishing pattern of utterly brazen thievery.” In 1998 Bank of America agreed to pay $187 million to settle the case."
Compared to a monarchy or an oligarchy, democracy protects individual rights far more effectively than either elitist option. In theory giving people the right to choose their rulers elevates freedom of speech more than any other form of government. Tyrants and aristocrats have seldom found any use for free speech.Regardless of whether democracy follows the will of the majority, it doesn't respect the will of all the people. Indeed, the entire purpose of democracy is to force the will of one faction of society (the majority) on everyone else.
"In theory," perhaps, but in reality it doesn't.Compared to a monarchy or an oligarchy, democracy protects individual rights far more effectively than either elitist option. In theory giving people the right to choose their rulers elevates freedom of speech more than any other form of government. Tyrants and aristocrats have seldom found any use for free speech.
Yes, in a world of tyrants and dictators and the corrupt, capitalism being the only force for good, is easily accused of being the culprit. Certainly in your eyes, the eyes of those who relish tyranny, capitalism is what the bad must fight against.Anyone who isn't willing to recognize capitalism's many failures (like eternal war and endless debt, genocide, and chattel slavery) are likely apologists for a status quo that has long outlived its usefulness to productive members of society.
Yeah. If you have it in your head that our choices are limited to monarchy, oligarchy or socialism - well, you live in a bleak world.Compared to a monarchy or an oligarchy, democracy protects individual rights far more effectively than either elitist option. In theory giving people the right to choose their rulers elevates freedom of speech more than any other form of government. Tyrants and aristocrats have seldom found any use for free speech.
It is why we have a mixed-market economy that is part capitalism and part socialism.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.
Stagnating wages?
That sounds systemic
Internal contradictions of capital accumulation - Wikipedia
"The internal contradictions of capital accumulation is an essential concept of crisis theory, which is associated with Marxist economic theory. While the same phenomenon is described in neoclassical economic theory, in that literature it is referred to as systemic risk."
Stagnating wages?
