Capitalist Paradigm

[bripat9643]

The person posting under the name georgephillip has summarized the thinking of the U.S. Democrat party. THEY DO NOT UNDERSTAND THE FACT OF CREATION OF WEALTH.

Wealth is created constantly. If I go out in by back yard and pick up a stick, then carve it into a small figurine that I can sell at a craft show, I have CREATED wealth. I took a worthless piece of biodegradable scrap and converted it into an object worth $20. I didn't take it from someone else. If I buy $100 worth or raw materials and make it into a $200 piece of furniture, I have CREATED $100. This is why the money supply must have the capacity to keep expanding. The pie keeps getting bigger through creation of wealth, so if your piece of it happens to be a smaller portion of the overall pie ("income inequality"), that doesn't mean you are poorer, just that your piece (same size as before) represents a smaller percentage of the whole pie.

Certainly, ,capitalism has downsides, but focusing on the downsides should not be your philosophy of life. The history of immigration in this country is the story of countless people who came to this country penniless, having nothing but a willingness to work a little harder and smarter than those of us who were lucky enough to be born here. Why do you think Black people in Harlem resent the Korean grocers who dot their neighborhoods? Those people started with nothing and will eventually prevail, and their kids will be doctors and scientists and engineers! All through the opportunities created by capitalism.

People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded.

"People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded."
Do you believe the entrepreneurial path would exist in the absence of government workers?

Of course it would. What do you think an entrepreneur couldn't do without government?

 

[jasonnfree]

The person posting under the name georgephillip has summarized the thinking of the U.S. Democrat party. THEY DO NOT UNDERSTAND THE FACT OF CREATION OF WEALTH.

Wealth is created constantly. If I go out in by back yard and pick up a stick, then carve it into a small figurine that I can sell at a craft show, I have CREATED wealth. I took a worthless piece of biodegradable scrap and converted it into an object worth $20. I didn't take it from someone else. If I buy $100 worth or raw materials and make it into a $200 piece of furniture, I have CREATED $100. This is why the money supply must have the capacity to keep expanding. The pie keeps getting bigger through creation of wealth, so if your piece of it happens to be a smaller portion of the overall pie ("income inequality"), that doesn't mean you are poorer, just that your piece (same size as before) represents a smaller percentage of the whole pie.

Certainly, ,capitalism has downsides, but focusing on the downsides should not be your philosophy of life. The history of immigration in this country is the story of countless people who came to this country penniless, having nothing but a willingness to work a little harder and smarter than those of us who were lucky enough to be born here. Why do you think Black people in Harlem resent the Korean grocers who dot their neighborhoods? Those people started with nothing and will eventually prevail, and their kids will be doctors and scientists and engineers! All through the opportunities created by capitalism.

People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded.

I used to buy used metal,

There is enough food in the world to feed the entire world population."

you mean, like in China, there would be enough food for all if liberals would stop preventing the world from switchiing to capitalism. Every starving person on earth can curse liberals for the deadly hell they cause.

You mean like Mexico after Nafta, where taxpayer subsidized (free stuff) American agriculture products flooded Mexico and drove the little farmers out of business?

Dear, capitalism does not include taxpayer subsidies! Next? or admit as a typical liberal to lacking the IQ for the subject.

Well, Nafta was a victory for capitalism. Gotta stop this "dear" thing. People will talk.

 

[jasonnfree]

When I hear people talking about the evils of capitalism, unearned profits, and concerns of that type, I like to bring up a simple and easily understood example of basic capitalism: Flipping houses.

Consider:

You have an entrepreneur who wants to buy a house that "in distress." For one reason or another it has fallen into disrepair and the owner wants to get rid of it - quickly. The owner/seller is glad to get rid of the house, though maybe a little bit disappointed that it didn't get top dollar.

The entrepreneur then hires a number of contractors to repair and improve the house, using her own creativity and the advice of real estate professionals to make the additions and changes that will make it most desirable to prospective buyers. These contractors are happy to get the work and to get paid on time by a reliable client.

The entrepreneur then puts the house on the market, generally at a below market price so that it will sell quickly. The buyer is happy to acquire a house that is in perfect condition, with all or most of the features she was looking for.

Win. Win. Win.

The seller is happy, the contractors are happy, the buyer is happy, and the entrepreneur makes a profit so she is happy.

Nobody was taken advantage of. Nobody lost.

The entrepreneur didn't "do" anything. She didn't clean the house, make any repairs, install the new cabinets, or work on the new landscaping.

This is a paradigm of capitalism. The capitalist starts with an idea that will create value for some target person or group. She marshals the resources and the financing to make it happen. She buys the raw materials, hires the workers, and sells the goods to a customer who has decided that among all the possible suppliers, this one is the most advantageous. Nobody loses and the capitalist hopefully makes money. Maybe a lot of it.

The only reason to be resentful is because YOU were too stupid or lazy to do the same thing.

What you describe, though, isn't some special thing that only happens with capitalism. Market response and labor-added value is a characteristic of most economic systems. Didn't you know that?

Do you actually know about the extremely dangerous downsides of capitalism? Have you ever studied economic systems in detail?

Oh really? How does it happen under socialism where there is no market? The mere mention of a "market response" presumes capitalism, so you have discredited your own response.

There are no "extremely dangerous downsides" of capitalism.

Have you ever studied economic systems in detail?

And you did, I suppose.

 

[EdwardBaiamonte]

Well, Nafta was a victory for capitalism. Gotta stop this "dear" thing. People will talk.

dear, if you oppose capitalism please say why or admit as typical liberal you lack the IQ for it.

 

[georgephillip]

The person posting under the name georgephillip has summarized the thinking of the U.S. Democrat party. THEY DO NOT UNDERSTAND THE FACT OF CREATION OF WEALTH.

Wealth is created constantly. If I go out in by back yard and pick up a stick, then carve it into a small figurine that I can sell at a craft show, I have CREATED wealth. I took a worthless piece of biodegradable scrap and converted it into an object worth $20. I didn't take it from someone else. If I buy $100 worth or raw materials and make it into a $200 piece of furniture, I have CREATED $100. This is why the money supply must have the capacity to keep expanding. The pie keeps getting bigger through creation of wealth, so if your piece of it happens to be a smaller portion of the overall pie ("income inequality"), that doesn't mean you are poorer, just that your piece (same size as before) represents a smaller percentage of the whole pie.

Certainly, ,capitalism has downsides, but focusing on the downsides should not be your philosophy of life. The history of immigration in this country is the story of countless people who came to this country penniless, having nothing but a willingness to work a little harder and smarter than those of us who were lucky enough to be born here. Why do you think Black people in Harlem resent the Korean grocers who dot their neighborhoods? Those people started with nothing and will eventually prevail, and their kids will be doctors and scientists and engineers! All through the opportunities created by capitalism.

People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded.

"People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded."
Do you believe the entrepreneurial path would exist in the absence of government workers?

Of course it would. What do you think an entrepreneur couldn't do without government?

Enforce contracts?

 

[bripat9643]

The person posting under the name georgephillip has summarized the thinking of the U.S. Democrat party. THEY DO NOT UNDERSTAND THE FACT OF CREATION OF WEALTH.

Wealth is created constantly. If I go out in by back yard and pick up a stick, then carve it into a small figurine that I can sell at a craft show, I have CREATED wealth. I took a worthless piece of biodegradable scrap and converted it into an object worth $20. I didn't take it from someone else. If I buy $100 worth or raw materials and make it into a $200 piece of furniture, I have CREATED $100. This is why the money supply must have the capacity to keep expanding. The pie keeps getting bigger through creation of wealth, so if your piece of it happens to be a smaller portion of the overall pie ("income inequality"), that doesn't mean you are poorer, just that your piece (same size as before) represents a smaller percentage of the whole pie.

Certainly, ,capitalism has downsides, but focusing on the downsides should not be your philosophy of life. The history of immigration in this country is the story of countless people who came to this country penniless, having nothing but a willingness to work a little harder and smarter than those of us who were lucky enough to be born here. Why do you think Black people in Harlem resent the Korean grocers who dot their neighborhoods? Those people started with nothing and will eventually prevail, and their kids will be doctors and scientists and engineers! All through the opportunities created by capitalism.

People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded.

"People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded."
Do you believe the entrepreneurial path would exist in the absence of government workers?

Of course it would. What do you think an entrepreneur couldn't do without government?

Enforce contracts?

Binding arbitration.

 

[georgephillip]

The person posting under the name georgephillip has summarized the thinking of the U.S. Democrat party. THEY DO NOT UNDERSTAND THE FACT OF CREATION OF WEALTH.

Wealth is created constantly. If I go out in by back yard and pick up a stick, then carve it into a small figurine that I can sell at a craft show, I have CREATED wealth. I took a worthless piece of biodegradable scrap and converted it into an object worth $20. I didn't take it from someone else. If I buy $100 worth or raw materials and make it into a $200 piece of furniture, I have CREATED $100. This is why the money supply must have the capacity to keep expanding. The pie keeps getting bigger through creation of wealth, so if your piece of it happens to be a smaller portion of the overall pie ("income inequality"), that doesn't mean you are poorer, just that your piece (same size as before) represents a smaller percentage of the whole pie.

Certainly, ,capitalism has downsides, but focusing on the downsides should not be your philosophy of life. The history of immigration in this country is the story of countless people who came to this country penniless, having nothing but a willingness to work a little harder and smarter than those of us who were lucky enough to be born here. Why do you think Black people in Harlem resent the Korean grocers who dot their neighborhoods? Those people started with nothing and will eventually prevail, and their kids will be doctors and scientists and engineers! All through the opportunities created by capitalism.

People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded.

"People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded."
Do you believe the entrepreneurial path would exist in the absence of government workers?

Of course it would. What do you think an entrepreneur couldn't do without government?

Enforce contracts?

Binding arbitration.

Which brings us to control of the monopoly of violence.
Corporate or democratic?

 

[DGS49]

Go fuck yourself, George.

I have never said, and I would never say, that government workers are unnecessary. Many, if not most of them perform vital functions that allow the freedoms and prosperity that everyone else may enjoy (or not). We need policemen, firefighters, teachers, and even safety inspectors on construction sites.

But people who see their best future prospects in a government program or a government handout or a government job do not now, nor will they ever, generate any wealth or prosperity. In fact, they are a drain on the prosperity created by others - Capitalists.

Read (and think about) the Preamble to the U.S. Constitution. "We the people..." are forming a government that will make it possible for us to be free and pursue happiness. But the government itself doesn't generate any prosperity, it merely creates the environment where prosperity can be pursued.

 

[georgephillip]

Go fuck yourself, George.

I have never said, and I would never say, that government workers are unnecessary. Many, if not most of them perform vital functions that allow the freedoms and prosperity that everyone else may enjoy (or not). We need policemen, firefighters, teachers, and even safety inspectors on construction sites.

But people who see their best future prospects in a government program or a government handout or a government job do not now, nor will they ever, generate any wealth or prosperity. In fact, they are a drain on the prosperity created by others - Capitalists.

Read (and think about) the Preamble to the U.S. Constitution. "We the people..." are forming a government that will make it possible for us to be free and pursue happiness. But the government itself doesn't generate any prosperity, it merely creates the environment where prosperity can be pursued.

You claim:
"But people who see their best future prospects in a government program or a government handout or a government job do not now, nor will they ever, generate any wealth or prosperity. In fact, they are a drain on the prosperity created by others - Capitalists."
Yet private wealth depends on markets and market economies don't exist without government. Also, I think it's fair to say FDR's New Deal created a great deal of prosperity when Capitalists destroyed the US economy.

 

[EdwardBaiamonte]

FDR's New Deal created a great deal of prosperity when Capitalists destroyed the US economy.

total liberal stupidity. The New Deal was the Great Depression!! A depression is a bad thing, not a good thing! A liberal will make totally idiotic assertions with no knowledge of history whatsoever.

Liberalism is based in pure ignorance.

 

[georgephillip]

FDR's New Deal created a great deal of prosperity when Capitalists destroyed the US economy.

total liberal stupidity. The New Deal was the Great Depression!! A depression is a bad thing, not a good thing! A liberal will make totally idiotic assertions with no knowledge of history whatsoever.

Liberalism is based in pure ignorance.

Which came first, the Great Depression or New Deal?

 

[EdwardBaiamonte]

Which came first, the Great Depression or New Deal?

About same given that Hoover started liberal programs to end depression in 1929. Ever heard of Hoover Dam stimulus and Smoot Hawley ban on free trade??

See why we say pure ignorance??

 

[georgephillip]

Which came first, the Great Depression or New Deal?

About same given that Hoover started liberal programs to end depression in 1929. Ever heard of Hoover Dam stimulus and Smoot Hawley ban on free trade??

See why we say pure ignorance??

"Hoover Dam, once known as Boulder Dam, is a concrete arch-gravity dam in the Black Canyon of the Colorado River, on the border between the U.S. states of Arizona andNevada.

"It was constructed between 1931 and 1936 during the Great Depression and was dedicated on September 30, 1935, by President Franklin D. Roosevelt.

"Its construction was the result of a massive effort involving thousands of workers, and cost over one hundred lives.

"The dam was controversially named after President Herbert Hoover."
Hoover Dam - Wikipedia the free encyclopedia
Herbert CRASHED capitalism; FDR saved it for his rich relatives and friends.
Stop drinking the kool-aid.

 

[EdwardBaiamonte]

Herbert Hoover CRASHED capitalism; FDR saved it for his rich relatives and friends.

Dear, Hoover and FDR were liberals with the same programs. See why we are positive that liberalism is based inpure ignorance?

 

[bripat9643]

The person posting under the name georgephillip has summarized the thinking of the U.S. Democrat party. THEY DO NOT UNDERSTAND THE FACT OF CREATION OF WEALTH.

Wealth is created constantly. If I go out in by back yard and pick up a stick, then carve it into a small figurine that I can sell at a craft show, I have CREATED wealth. I took a worthless piece of biodegradable scrap and converted it into an object worth $20. I didn't take it from someone else. If I buy $100 worth or raw materials and make it into a $200 piece of furniture, I have CREATED $100. This is why the money supply must have the capacity to keep expanding. The pie keeps getting bigger through creation of wealth, so if your piece of it happens to be a smaller portion of the overall pie ("income inequality"), that doesn't mean you are poorer, just that your piece (same size as before) represents a smaller percentage of the whole pie.

Certainly, ,capitalism has downsides, but focusing on the downsides should not be your philosophy of life. The history of immigration in this country is the story of countless people who came to this country penniless, having nothing but a willingness to work a little harder and smarter than those of us who were lucky enough to be born here. Why do you think Black people in Harlem resent the Korean grocers who dot their neighborhoods? Those people started with nothing and will eventually prevail, and their kids will be doctors and scientists and engineers! All through the opportunities created by capitalism.

People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded.

"People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded."
Do you believe the entrepreneurial path would exist in the absence of government workers?

Of course it would. What do you think an entrepreneur couldn't do without government?

Enforce contracts?

Binding arbitration.

Which brings us to control of the monopoly of violence.
Corporate or democratic?

Under a "private law society" there is no monopoly on force. That's the beauty of it.

 

[georgephillip]

"People who rely on government - government handouts, government schools, government programs - their highest aspiration is to eventually get a government job or work for some non-profit. And they will always be resentful of those to who tool the entrepreneurial path and succeeded."
Do you believe the entrepreneurial path would exist in the absence of government workers?

Of course it would. What do you think an entrepreneur couldn't do without government?

Enforce contracts?

Binding arbitration.

Which brings us to control of the monopoly of violence.
Corporate or democratic?

Under a "private law society" there is no monopoly on force. That's the beauty of it.

"Under a 'private law society' there is no monopoly on force. That's the beauty of it."
Private law society?
Do you mean corporate courts administering the right to use, threaten, or authorize physical force against citizens?
"The monopoly of the legitimate use of physical force, commonly but controversially known as monopoly on violence (German: Gewaltmonopol des Staates), is the defining conception of the state as first expounded by sociologist Max Weber in his essay Politics as a Vocation (1919).

"Weber claims that the state is any 'human community that successfully claims the monopoly of the legitimate use of physical force within a given territory';[1] thus, 'the modern state is a compulsory association which organizes domination.'[2]

"In other words, Weber describes the state as any organization that succeeds in holding the exclusive right to use, threaten, or authorize physical force against residents of its territory.

"Such a monopoly, according to Weber, must occur via a process of legitimation."
Monopoly on violence - Wikipedia the free encyclopedia

 

[EdwardBaiamonte]

"Hoover Dam, once known as Boulder Dam, is a......

liberal stimulus program that made the Great Depression worse much the way Stalin made the soviet economy worse.

 

[DGS49]

Anyone who even take time to type the words, "...New Deal created a great deal of prosperity..." is not worth responding to. Utter rubbish. Totally disproven.

 

[EdwardBaiamonte]

Anyone who even take time to type the words, "...New Deal created a great deal of prosperity..." is not worth responding to. Utter rubbish. Totally disproven.

well, you have to be very very patient with liberals. They don't know history at all. They have no idea the New Deal was the Great Depression. Its just like when they had no idea Stalin was killing 60 million people while they were spying for him and giving him the Atomic bomb.

 

[priceless]

The entrepreneur then puts the house on the market, generally at a below market price so that it will sell quickly. The buyer is happy to acquire a house that is in perfect condition, with all or most of the features she was looking for.

Win. Win. Win.

The seller is happy, the contractors are happy, the buyer is happy, and the entrepreneur makes a profit so she is happy.

Nobody was taken advantage of. Nobody lost.

The entrepreneur didn't "do" anything. She didn't clean the house, make any repairs, install the new cabinets, or work on the new landscaping.

This is exactly what has caused capitalism to go wrong. People have gotten used to the idea that they can get a place to live in perfect condition if they can just get the money to pay for it. So practically everyone looks for ways to get money with the least amount of effort possible and most people have abandoned the idea of building a domicile or performing other labor purely for the sake of consuming the fruits of their own labor.

Economic freedom was supposed to be a good system because it was assumed that basically everyone was a skilled laborer who could manage their own work and commerce. Thus, it was assumed that people would basically create their own wealth with their own hands and they would be able to trade products and services with others if and when they needed help with their own efforts and enterprises.

Calvin Coolidge is famed for saying that "the chief business of the American people is business. They are profoundly concerned with producing, buying, selling, investing and prospering in the world." What a sad time when prosperity had shifted from something people had faith in producing for themselves to being something they had to rely on buying, selling, and investing to achieve.