Capitalism is NOT Democratic: Democracy is NOT Capitalist

[Toddsterpatriot]

Capitalism divides society into two unequal cohorts: owners and employees.

Intelligence divides society into two unequal cohorts: smart people and morons.

 

[bripat9643]

Human labor made America.
Capitalism exploits labor by privatizing profit and socializing cost.

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

 

[themirrorthief]

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.

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

 

[Toddsterpatriot]

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.

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?

 

[Nostra]

Capitalism divides society into two unequal cohorts: owners and employees.
Those who own the means of production determine what to produce, where to produce it, and how to distribute profits. Their stock market functions on the basis of one dollar one vote. Democracy operates on the version of one person one vote. Capitalism can function with authoritarian or representative government while democracy can not.

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

Move to Cuba

 

[georgephillip]

By kicking your dumb-fuck monarch the hell out of here and letting us govern ourselves. Greatest day in the history of the world.

Here's your "greatness", Cracker

"We should understand that July 4th, 1776, in many ways, represents a counterrevolution.

"That is to say that what helped to prompt July 4th, 1776, was the perception amongst European settlers on the North American mainland that London was moving rapidly towards abolition.

"This perception was prompted by Somerset’s case, a case decided in London in June 1772 which seemed to suggest that abolition, which not only was going to be ratified in London itself, was going to cross the Atlantic and basically sweep through the mainland, thereby jeopardizing numerous fortunes, not only based upon slavery, but the slave trade.

"That’s the short answer."

The Counter-Revolution of 1776: Origins of the United States of America | Zinn Education Project

 

[Tom Paine 1949]

Intelligence divides society into two unequal cohorts: smart people and morons.

If that is true, which cohort to you think you and bripat9643 belong to?

 

[LAUGHatLEFTISTS]

Here's your "greatness", Cracker

"We should understand that July 4th, 1776, in many ways, represents a counterrevolution.

"That is to say that what helped to prompt July 4th, 1776, was the perception amongst European settlers on the North American mainland that London was moving rapidly towards abolition.

"This perception was prompted by Somerset’s case, a case decided in London in June 1772 which seemed to suggest that abolition, which not only was going to be ratified in London itself, was going to cross the Atlantic and basically sweep through the mainland, thereby jeopardizing numerous fortunes, not only based upon slavery, but the slave trade.

"That’s the short answer."

The Counter-Revolution of 1776: Origins of the United States of America | Zinn Education Project

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

 

[Tom Paine 1949]

Do you really believe someone working multiple jobs to keep a roof over their family's head and has to purchase that refrigerator or pay for car repairs by putting the charges on their credit card has the capacity to save for inevitable "unexpected" expenses?

The State of the American Debt Slaves, Q1 2020: How Are Consumers Positioned Going into the Crisis?

The richest ten percent of Americans are strangling the majority of Americans with eternal debt.

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.

 

[Tom Paine 1949]

Here's your "greatness", Cracker

"We should understand that July 4th, 1776, in many ways, represents a counterrevolution.

"That is to say that what helped to prompt July 4th, 1776, was the perception amongst European settlers on the North American mainland that London was moving rapidly towards abolition.

"This perception was prompted by Somerset’s case, a case decided in London in June 1772 which seemed to suggest that abolition, which not only was going to be ratified in London itself, was going to cross the Atlantic and basically sweep through the mainland, thereby jeopardizing numerous fortunes, not only based upon slavery, but the slave trade.

"That’s the short answer."

The Counter-Revolution of 1776: Origins of the United States of America | Zinn Education Project

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. This was an argument presented by the “1619 Project” as well, and refuted by numerous excellent historians of various political persuasions, including real socialists.

 

[Uncensored2008]

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.

Oh look, the retard Marxist is once again demonstrating his deep ignorance.

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.

 

[Uncensored2008]

Finance capitalism is transforming US democracy into an oligarchy, something neither Trump nor Biden has any problem with.

You don't know what "capitalism" is.

You're a fucking retard.

 

[Uncensored2008]

Capitalism is NOT Democratic: Democracy is NOT Capitalist​

And Communism is not succesful.

Capitalism is NOT Democratic: Democracy is NOT Capitalist​

And fish are NOT planets.

Retard George has spoken.

 

[Toddsterpatriot]

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.

Maybe you can help out your buddy commie-George?
Where does the economy borrow from?

 

[Uncensored2008]

I also have a problem with finance capitalism turning the US into an oligarchy, but I see Trump as a corrupt crony-capitalist who found a way to cut out the venal politicians like Biden. They and their families both serve oligarchy.

Because the Oligarchs, Zuckerberg, Cook, Soros, et al are such free market advocats..



You fucking retard.

 

[Uncensored2008]

Human labor made America.
Capitalism exploits labor by privatizing profit and socializing cost.

Hey retard George, how did it go when you went into the desert and dug holes, then filled them in? Did your labor produce everything your retarded ass needs?



Dumbfuck.

 

[Uncensored2008]

If that is true, which cohort to you think you and bripat9643 belong to?

The opposite of you and Retard George.

 

[itfitzme]

Today the USA is neither capitalist or Democratic.....

"infecting the nation with new covid variants from the southern border."

Oh, is that the new b.s. you are trying to promote??

https://www.washingtonpost.com/politics/2021/07/28/no-real-problem-with-coronavirus-surge-is-not-border/

The surge in cases is from not wearing masks and not vaccinating.

But you have to do the math, not guess.

 

[Toddsterpatriot]

The surge in cases is from not wearing masks and not vaccinating.

How many of the illegals in the last year had no vaccines or masks?

 

[itfitzme]

The US isn't a Democracy, Dumbass.

It's a Democratic-Republic, if you want to get all technical about it. So, that would be a democracy where we elect representatives rather than just voting on each individual law, which would be ridiculous.

"Pedo Joe's "Infrastructure plan" will cost $833,333 per job created....if you believe all those jobs will actually happen.....SHOVEL READY!!!"

And, you are clueless about what economics is, at the most fundamental level. Economics is not about money. Money is a form of accounting, how we account for time spent doing something valuable.

In order to create a job, then someone must not be doing something or then a job couldn't be created. That person not working is called an opportunity loss. When someone starts working, then the are now producing. Production increases over what it otherwise would have been. How you account for that is entirely secondary.

You are basically mixing units, trying to compare apples to oranges. You are trying to claim that people working will cause output to go down.

On it's face, your claim complete b.s.