Prove my thread is wrong as I've provided proof I'm right!!!

[healthmyths]

"Capitalism is an exceptional belief that the activities of the most vile scum, driven by the most base motives, will somehow be for the benefit of everyone"
(c) John Maynard Keynes
Today's younger people are being taught the above is the direction we should go.
Proof?
"surveys consistently show that young Americans hold more favorable views of
socialism than older generations and their support for capitalism has declined"

Capitalism Isn’t the Enemy — What Young Voters Really Want

Something is happening among America’s young people — highlighted vividly by the result in New York’s mayoral primary election — and we need to pay attention, because activists across the country are already plotting to replicate New...

www.aei.org

I know this will be hard for most "socialist leaning readers but that's another example of why they favor it!

Capitalism

• Ownership: Private individuals and businesses own the means of production.
• Driving Force: Profit motive, supply, and demand in free markets.
• Government Role: Minimal; focused on protecting property and enforcing contracts.
• Outcomes: High innovation, efficiency, wealth generation, but greater income disparity.

Socialism

• Ownership: Collective or state ownership of major industries.
• Driving Force: Public welfare, meeting societal needs (housing, healthcare, food).
• Government Role: Extensive control over production, distribution, and pricing.
• Outcomes: Greater equality, social safety nets, but potentially slower innovation and less economic freedom.

Now for the FACTS!!!

Question: Which economies are bigger capitalism or socialism?
Capitalism, characterized by private ownership and free markets, generally dominates the global economy, with capitalist and mixed economies
(blending capitalism with social programs) producing significantly higher GDP per capita compared to more centrally planned socialist systems,
though "pure" forms of either are rare, with countries like the US leaning capitalist and China using a unique "socialist market economy" with state control.
SOURCE: Capitalist vs. Socialist Economies: What's the Difference?.

Now for a fundamental and MAJOR difference between the two...
The "private ownership" owners MAKE decisions that can affect them directly i.e. making billions or losing billions!
But I've asked this question frequently of "socialist leaners"... who makes the final decision for example to hire or fire people?
A committee? All the non-executives? Who takes the responsibility for this but doesn't take any losses if decisions are harmful?
Consequently this is the result:
Businesses operating within a capitalist framework tend to be more profitable and efficient than those in socialist-oriented systems due
to incentives for innovation and risk-taking. However, "success" can be measured differently, with socialist models prioritizing social
welfare and stability over pure wealth generation.

Capitalism vs. Socialism: Key Differences Explained

Discover how capitalism and socialism differ in market dynamics, ownership, and economic equality, plus real-world examples of countries utilizing both systems.

www.investopedia.com

Again for you anti-capitalists... consider this simple example..
If in your present occupation you received a benefit of say $10 million for an innovation you came up that investors made millions.
What would you do?

 

[pknopp]

The actual practice of actual capitalism doesn't exist.

 

[rightwinger]

I have no problem with Capitalism as long as there is a government to keep them in check

 

[Eman623]

Prove my thread is wrong as I've provided proof I'm right!!!​

We can start at the very first line. Keynes never wrote and is not on record as ever having said that about Capitalism. It's an internet meme. And even if Keynes had said that, he would still be wrong. Capitalism isn't just the vile scum making decisions. It's EVERYONE making billions of economic decisions every day.

But the rest of your post is spot-on correct. Capitalist countries economies outperform planned economies 9 out of 10 times, and in the long term 10 out of 10. Over time, the compounding effect of these higher rates of growth causes planned economies to slip into poverty and hunger. This is why West Germany had double the GGDP per capita of West Germany at the time of reunification.

 

[August West]

Quasi-Socialist Costa Rica is the only country in that part of the world that people are trying to get into and not out of. I've been there several times and whining MAGA types are few. Are success and happiness measured by how much crap you can own and die with?

 

[DGS49]

It is a pity that the Soviet Union collapsed.

When I was growing up and somebody started talking about the joys of socialism, you could just say, "Look at the Soviet Union," and they were pretty much silenced. The USSR was a giant shit-hole. It was characterized by constant shortages, political corruption, political punishment, and wild displays of military might - all of which were phony. It was a place where, if you even threatened to leave, you could be shot and your family imprisoned. They CHEATED at international competitions all the time, and everyone could see it.

Now that's just a distant, almost forgotten memory, and people speak of socialism as though it were a viable economic system. They point to Western Europe as an example of how socialism can work, while those with three-digit IQ's know that they wouldn't work at all without the wealth that capitalism has provided.

Seriously, can anyone point to a country that has succeeded with socialism...REAL socialism, where there is no private property and the State owns all means of production?

 

[Oddball]

"Capitalism is an exceptional belief that the activities of the most vile scum, driven by the most base motives, will somehow be for the benefit of everyone"
(c) John Maynard Keynes
Today's younger people are being taught the above is the direction we should go.
Proof?
"surveys consistently show that young Americans hold more favorable views of
socialism than older generations and their support for capitalism has declined"

Capitalism Isn’t the Enemy — What Young Voters Really Want

Something is happening among America’s young people — highlighted vividly by the result in New York’s mayoral primary election — and we need to pay attention, because activists across the country are already plotting to replicate New...

www.aei.org

I know this will be hard for most "socialist leaning readers but that's another example of why they favor it!

Capitalism

• Ownership: Private individuals and businesses own the means of production.
• Driving Force: Profit motive, supply, and demand in free markets.
• Government Role: Minimal; focused on protecting property and enforcing contracts.
• Outcomes: High innovation, efficiency, wealth generation, but greater income disparity.

Socialism

• Ownership: Collective or state ownership of major industries.
• Driving Force: Public welfare, meeting societal needs (housing, healthcare, food).
• Government Role: Extensive control over production, distribution, and pricing.
• Outcomes: Greater equality, social safety nets, but potentially slower innovation and less economic freedom.

Now for the FACTS!!!

Question: Which economies are bigger capitalism or socialism?
Capitalism, characterized by private ownership and free markets, generally dominates the global economy, with capitalist and mixed economies
(blending capitalism with social programs) producing significantly higher GDP per capita compared to more centrally planned socialist systems,
though "pure" forms of either are rare, with countries like the US leaning capitalist and China using a unique "socialist market economy" with state control.
SOURCE: Capitalist vs. Socialist Economies: What's the Difference?.

Now for a fundamental and MAJOR difference between the two...
The "private ownership" owners MAKE decisions that can affect them directly i.e. making billions or losing billions!
But I've asked this question frequently of "socialist leaners"... who makes the final decision for example to hire or fire people?
A committee? All the non-executives? Who takes the responsibility for this but doesn't take any losses if decisions are harmful?
Consequently this is the result:
Businesses operating within a capitalist framework tend to be more profitable and efficient than those in socialist-oriented systems due
to incentives for innovation and risk-taking. However, "success" can be measured differently, with socialist models prioritizing social
welfare and stability over pure wealth generation.

Capitalism vs. Socialism: Key Differences Explained

Discover how capitalism and socialism differ in market dynamics, ownership, and economic equality, plus real-world examples of countries utilizing both systems.

www.investopedia.com

Again for you anti-capitalists... consider this simple example..
If in your present occupation you received a benefit of say $10 million for an innovation you came up that investors made millions.
What would you do?

Keynes was a Fabian socialist central planner, so of course he'd smear and defame real laissez-faire.

 

[Gabe Lackmann]

"Capitalism is an exceptional belief that the activities of the most vile scum, driven by the most base motives, will somehow be for the benefit of everyone"
(c) John Maynard Keynes
Today's younger people are being taught the above is the direction we should go.
Proof?
"surveys consistently show that young Americans hold more favorable views of
socialism than older generations and their support for capitalism has declined"

Capitalism Isn’t the Enemy — What Young Voters Really Want

Something is happening among America’s young people — highlighted vividly by the result in New York’s mayoral primary election — and we need to pay attention, because activists across the country are already plotting to replicate New...

www.aei.org

I know this will be hard for most "socialist leaning readers but that's another example of why they favor it!

Capitalism

• Ownership: Private individuals and businesses own the means of production.
• Driving Force: Profit motive, supply, and demand in free markets.
• Government Role: Minimal; focused on protecting property and enforcing contracts.
• Outcomes: High innovation, efficiency, wealth generation, but greater income disparity.

Socialism

• Ownership: Collective or state ownership of major industries.
• Driving Force: Public welfare, meeting societal needs (housing, healthcare, food).
• Government Role: Extensive control over production, distribution, and pricing.
• Outcomes: Greater equality, social safety nets, but potentially slower innovation and less economic freedom.

Now for the FACTS!!!

Question: Which economies are bigger capitalism or socialism?
Capitalism, characterized by private ownership and free markets, generally dominates the global economy, with capitalist and mixed economies
(blending capitalism with social programs) producing significantly higher GDP per capita compared to more centrally planned socialist systems,
though "pure" forms of either are rare, with countries like the US leaning capitalist and China using a unique "socialist market economy" with state control.
SOURCE: Capitalist vs. Socialist Economies: What's the Difference?.

Now for a fundamental and MAJOR difference between the two...
The "private ownership" owners MAKE decisions that can affect them directly i.e. making billions or losing billions!
But I've asked this question frequently of "socialist leaners"... who makes the final decision for example to hire or fire people?
A committee? All the non-executives? Who takes the responsibility for this but doesn't take any losses if decisions are harmful?
Consequently this is the result:
Businesses operating within a capitalist framework tend to be more profitable and efficient than those in socialist-oriented systems due
to incentives for innovation and risk-taking. However, "success" can be measured differently, with socialist models prioritizing social
welfare and stability over pure wealth generation.

Capitalism vs. Socialism: Key Differences Explained

Discover how capitalism and socialism differ in market dynamics, ownership, and economic equality, plus real-world examples of countries utilizing both systems.

www.investopedia.com

Again for you anti-capitalists... consider this simple example..
If in your present occupation you received a benefit of say $10 million for an innovation you came up that investors made millions.
What would you do?

Let's first dispel any idea that we have open and free markets. We do not. We have not for 150 years. Our markets are shaped by government rules, regulations, and institutions.
What we are left with is this odd mix of corporatism, socialism, and capitalism, with scant hints of mercantilism and barter.
I would wager that the current system is far closer to Socialism than any capitalist model.
Especially when viewed through the eyes of the Federal Reserve's manipulation in markets by way of the PPT, bond purchases, and bailouts.
I actually don't know WTF we have.

 

[Mac1958]

I have no problem with Capitalism as long as there is a government to keep them in check

That's where the ersatz "capitalists" go off the rails. They look at proper regulation as the bane of capitalism, when in fact it is a critical component of capitalism. If the 2008 Meltdown didn't teach them that, then nothing will.

Capitalism is the greatest force for wealth and prosperity the world has ever seen. But we've so badly misapplied it that more and more people are looking at a hopeless, shitty system like socialism as a better option. That's a damn shame.

 

[martybegan]

It is a pity that the Soviet Union collapsed.

When I was growing up and somebody started talking about the joys of socialism, you could just say, "Look at the Soviet Union," and they were pretty much silenced. The USSR was a giant shit-hole. It was characterized by constant shortages, political corruption, political punishment, and wild displays of military might - all of which were phony. It was a place where, if you even threatened to leave, you could be shot and your family imprisoned. They CHEATED at international competitions all the time, and everyone could see it.

Now that's just a distant, almost forgotten memory, and people speak of socialism as though it were a viable economic system. They point to Western Europe as an example of how socialism can work, while those with three-digit IQ's know that they wouldn't work at all without the wealth that capitalism has provided.

Seriously, can anyone point to a country that has succeeded with socialism...REAL socialism, where there is no private property and the State owns all means of production?

Western Europe is Bismarckian welfare Statism, not socialism.

Look to Cuba and Venezuela for modern examples of the failure of socialism.

 

[martybegan]

That's where the ersatz "capitalists" go off the rails. They look at proper regulation as the bane of capitalism, when in fact it is a critical component of capitalism. If the 2008 Meltdown didn't teach them that, then nothing will.

Capitalism is the greatest force for wealth and prosperity the world has ever seen. But we've so badly misapplied it that more and more people are looking at a hopeless, shitty system like socialism as a better option. That's a damn shame.

Regulation is needed, what is not needed are shadow ban attempts that parade around as regulation.

Regulations should not be designed by those who despise what is being regulated.

 

[Oddball]

Regulation is needed, what is not needed are shadow ban attempts that parade around as regulation.

Regulations should not be designed by those who despise what is being regulated.

Nor should they be designed to kneecap competitors.

 

[Toddsterpatriot]

"Capitalism is an exceptional belief that the activities of the most vile scum, driven by the most base motives, will somehow be for the benefit of everyone"
(c) John Maynard Keynes
Today's younger people are being taught the above is the direction we should go.
Proof?
"surveys consistently show that young Americans hold more favorable views of
socialism than older generations and their support for capitalism has declined"

Capitalism Isn’t the Enemy — What Young Voters Really Want

Something is happening among America’s young people — highlighted vividly by the result in New York’s mayoral primary election — and we need to pay attention, because activists across the country are already plotting to replicate New...

www.aei.org

I know this will be hard for most "socialist leaning readers but that's another example of why they favor it!

Capitalism

• Ownership: Private individuals and businesses own the means of production.
• Driving Force: Profit motive, supply, and demand in free markets.
• Government Role: Minimal; focused on protecting property and enforcing contracts.
• Outcomes: High innovation, efficiency, wealth generation, but greater income disparity.

Socialism

• Ownership: Collective or state ownership of major industries.
• Driving Force: Public welfare, meeting societal needs (housing, healthcare, food).
• Government Role: Extensive control over production, distribution, and pricing.
• Outcomes: Greater equality, social safety nets, but potentially slower innovation and less economic freedom.

Now for the FACTS!!!

Question: Which economies are bigger capitalism or socialism?
Capitalism, characterized by private ownership and free markets, generally dominates the global economy, with capitalist and mixed economies
(blending capitalism with social programs) producing significantly higher GDP per capita compared to more centrally planned socialist systems,
though "pure" forms of either are rare, with countries like the US leaning capitalist and China using a unique "socialist market economy" with state control.
SOURCE: Capitalist vs. Socialist Economies: What's the Difference?.

Now for a fundamental and MAJOR difference between the two...
The "private ownership" owners MAKE decisions that can affect them directly i.e. making billions or losing billions!
But I've asked this question frequently of "socialist leaners"... who makes the final decision for example to hire or fire people?
A committee? All the non-executives? Who takes the responsibility for this but doesn't take any losses if decisions are harmful?
Consequently this is the result:
Businesses operating within a capitalist framework tend to be more profitable and efficient than those in socialist-oriented systems due
to incentives for innovation and risk-taking. However, "success" can be measured differently, with socialist models prioritizing social
welfare and stability over pure wealth generation.

Capitalism vs. Socialism: Key Differences Explained

Discover how capitalism and socialism differ in market dynamics, ownership, and economic equality, plus real-world examples of countries utilizing both systems.

www.investopedia.com

Again for you anti-capitalists... consider this simple example..
If in your present occupation you received a benefit of say $10 million for an innovation you came up that investors made millions.
What would you do?

"Capitalism is an exceptional belief that the activities of the most vile scum, driven by the most base motives, will somehow be for the benefit of everyone"

Producing goods and services that others freely want to buy isn't vile.
Even if it makes stupid commies sad.

 

[Luckyone]

"Capitalism is an exceptional belief that the activities of the most vile scum, driven by the most base motives, will somehow be for the benefit of everyone"
(c) John Maynard Keynes
Today's younger people are being taught the above is the direction we should go.
Proof?
"surveys consistently show that young Americans hold more favorable views of
socialism than older generations and their support for capitalism has declined"

Capitalism Isn’t the Enemy — What Young Voters Really Want

Something is happening among America’s young people — highlighted vividly by the result in New York’s mayoral primary election — and we need to pay attention, because activists across the country are already plotting to replicate New...

www.aei.org

I know this will be hard for most "socialist leaning readers but that's another example of why they favor it!

Capitalism

• Ownership: Private individuals and businesses own the means of production.
• Driving Force: Profit motive, supply, and demand in free markets.
• Government Role: Minimal; focused on protecting property and enforcing contracts.
• Outcomes: High innovation, efficiency, wealth generation, but greater income disparity.

Socialism

• Ownership: Collective or state ownership of major industries.
• Driving Force: Public welfare, meeting societal needs (housing, healthcare, food).
• Government Role: Extensive control over production, distribution, and pricing.
• Outcomes: Greater equality, social safety nets, but potentially slower innovation and less economic freedom.

Now for the FACTS!!!

Question: Which economies are bigger capitalism or socialism?
Capitalism, characterized by private ownership and free markets, generally dominates the global economy, with capitalist and mixed economies
(blending capitalism with social programs) producing significantly higher GDP per capita compared to more centrally planned socialist systems,
though "pure" forms of either are rare, with countries like the US leaning capitalist and China using a unique "socialist market economy" with state control.
SOURCE: Capitalist vs. Socialist Economies: What's the Difference?.

Now for a fundamental and MAJOR difference between the two...
The "private ownership" owners MAKE decisions that can affect them directly i.e. making billions or losing billions!
But I've asked this question frequently of "socialist leaners"... who makes the final decision for example to hire or fire people?
A committee? All the non-executives? Who takes the responsibility for this but doesn't take any losses if decisions are harmful?
Consequently this is the result:
Businesses operating within a capitalist framework tend to be more profitable and efficient than those in socialist-oriented systems due
to incentives for innovation and risk-taking. However, "success" can be measured differently, with socialist models prioritizing social
welfare and stability over pure wealth generation.

Capitalism vs. Socialism: Key Differences Explained

Discover how capitalism and socialism differ in market dynamics, ownership, and economic equality, plus real-world examples of countries utilizing both systems.

www.investopedia.com

Again for you anti-capitalists... consider this simple example..
If in your present occupation you received a benefit of say $10 million for an innovation you came up that investors made millions.
What would you do?

Socialism isn't bad, the same way that Capitalism isn't bad. Everything in life has both good and bad attached to it. As such, controls that prevent the extremes is what is needed.

Even Lenin said it:

 

[Foxfyre]

"Capitalism is an exceptional belief that the activities of the most vile scum, driven by the most base motives, will somehow be for the benefit of everyone"
(c) John Maynard Keynes
Today's younger people are being taught the above is the direction we should go.
Proof?
"surveys consistently show that young Americans hold more favorable views of
socialism than older generations and their support for capitalism has declined"

Capitalism Isn’t the Enemy — What Young Voters Really Want

Something is happening among America’s young people — highlighted vividly by the result in New York’s mayoral primary election — and we need to pay attention, because activists across the country are already plotting to replicate New...

www.aei.org

I know this will be hard for most "socialist leaning readers but that's another example of why they favor it!

Capitalism

• Ownership: Private individuals and businesses own the means of production.
• Driving Force: Profit motive, supply, and demand in free markets.
• Government Role: Minimal; focused on protecting property and enforcing contracts.
• Outcomes: High innovation, efficiency, wealth generation, but greater income disparity.

Socialism

• Ownership: Collective or state ownership of major industries.
• Driving Force: Public welfare, meeting societal needs (housing, healthcare, food).
• Government Role: Extensive control over production, distribution, and pricing.
• Outcomes: Greater equality, social safety nets, but potentially slower innovation and less economic freedom.

Now for the FACTS!!!

Question: Which economies are bigger capitalism or socialism?
Capitalism, characterized by private ownership and free markets, generally dominates the global economy, with capitalist and mixed economies
(blending capitalism with social programs) producing significantly higher GDP per capita compared to more centrally planned socialist systems,
though "pure" forms of either are rare, with countries like the US leaning capitalist and China using a unique "socialist market economy" with state control.
SOURCE: Capitalist vs. Socialist Economies: What's the Difference?.

Now for a fundamental and MAJOR difference between the two...
The "private ownership" owners MAKE decisions that can affect them directly i.e. making billions or losing billions!
But I've asked this question frequently of "socialist leaners"... who makes the final decision for example to hire or fire people?
A committee? All the non-executives? Who takes the responsibility for this but doesn't take any losses if decisions are harmful?
Consequently this is the result:
Businesses operating within a capitalist framework tend to be more profitable and efficient than those in socialist-oriented systems due
to incentives for innovation and risk-taking. However, "success" can be measured differently, with socialist models prioritizing social
welfare and stability over pure wealth generation.

Capitalism vs. Socialism: Key Differences Explained

Discover how capitalism and socialism differ in market dynamics, ownership, and economic equality, plus real-world examples of countries utilizing both systems.

www.investopedia.com

Again for you anti-capitalists... consider this simple example..
If in your present occupation you received a benefit of say $10 million for an innovation you came up that investors made millions.
What would you do?

Having studied Keynesian economics and concluding free market capitalism to be much the superior theory for maximum prosperity for the people, I can still believe with confidence that Keynes never made the statement that starts off the OP. It doesn't sound like him at all.

Those using that or similar misattributed quote, assuming it wasn't a made up one as is often found on the internet, can be forgiven, however, as Keynes is probably one of the more misquoted and misunderstood of the more influential economists.

Otherwise I don't have much, if any, problem with your OP being the real deal.

The very best simple definition of capitalism is via Adam Smith's famous quote:

"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self-interest."​

It is because people need to feed themselves and/or their families that produces most of the food available to populations on this planet. Without a profit motive, few, if any, would be in the business of cutting and selling meat, making beer, dinner wines, etc. available to others, baking more bread than needed for one's own use. Not to mention having to find seed to grow your own wheat, rice, rye or whatever, grind it into flour, master the art of making sour dough starter, have a source for natural sweetener to bake a loaf of bread for your family.

Most of us appreciate those 'greedy' capitalists who make their living selling one or more of those products so we don't have to invent every wheel to provide our own nutrition or for our family.

No government is large enough or smart enough to anticipate every single component that goes into supporting a population in the most beneficial ways.

 

[martybegan]

Socialism isn't bad, the same way that Capitalism isn't bad. Everything in life has both good and bad attached to it. As such, controls that prevent the extremes is what is needed.

Even Lenin said it:

View attachment 1198197

Socialism is bad because it concentrates too much power in too few people.

Marxism's fatal flaw is it requires perfect people, and those simply don't exist.

 

[citygator]

"Capitalism is an exceptional belief that the activities of the most vile scum, driven by the most base motives, will somehow be for the benefit of everyone"
(c) John Maynard Keynes
Today's younger people are being taught the above is the direction we should go.
Proof?
"surveys consistently show that young Americans hold more favorable views of
socialism than older generations and their support for capitalism has declined"

Capitalism Isn’t the Enemy — What Young Voters Really Want

Something is happening among America’s young people — highlighted vividly by the result in New York’s mayoral primary election — and we need to pay attention, because activists across the country are already plotting to replicate New...

www.aei.org

I know this will be hard for most "socialist leaning readers but that's another example of why they favor it!

Capitalism

• Ownership: Private individuals and businesses own the means of production.
• Driving Force: Profit motive, supply, and demand in free markets.
• Government Role: Minimal; focused on protecting property and enforcing contracts.
• Outcomes: High innovation, efficiency, wealth generation, but greater income disparity.

Socialism

• Ownership: Collective or state ownership of major industries.
• Driving Force: Public welfare, meeting societal needs (housing, healthcare, food).
• Government Role: Extensive control over production, distribution, and pricing.
• Outcomes: Greater equality, social safety nets, but potentially slower innovation and less economic freedom.

Now for the FACTS!!!

Question: Which economies are bigger capitalism or socialism?
Capitalism, characterized by private ownership and free markets, generally dominates the global economy, with capitalist and mixed economies
(blending capitalism with social programs) producing significantly higher GDP per capita compared to more centrally planned socialist systems,
though "pure" forms of either are rare, with countries like the US leaning capitalist and China using a unique "socialist market economy" with state control.
SOURCE: Capitalist vs. Socialist Economies: What's the Difference?.

Now for a fundamental and MAJOR difference between the two...
The "private ownership" owners MAKE decisions that can affect them directly i.e. making billions or losing billions!
But I've asked this question frequently of "socialist leaners"... who makes the final decision for example to hire or fire people?
A committee? All the non-executives? Who takes the responsibility for this but doesn't take any losses if decisions are harmful?
Consequently this is the result:
Businesses operating within a capitalist framework tend to be more profitable and efficient than those in socialist-oriented systems due
to incentives for innovation and risk-taking. However, "success" can be measured differently, with socialist models prioritizing social
welfare and stability over pure wealth generation.

Capitalism vs. Socialism: Key Differences Explained

Discover how capitalism and socialism differ in market dynamics, ownership, and economic equality, plus real-world examples of countries utilizing both systems.

www.investopedia.com

Again for you anti-capitalists... consider this simple example..
If in your present occupation you received a benefit of say $10 million for an innovation you came up that investors made millions.
What would you do?

Such a simple minded post. The alternative to unregulated capitalism isn’t socialism, it’s regulated capitalism to keep it from eating itself.

You guys are ridiculous.

 

[Toddsterpatriot]

That's where the ersatz "capitalists" go off the rails. They look at proper regulation as the bane of capitalism, when in fact it is a critical component of capitalism. If the 2008 Meltdown didn't teach them that, then nothing will.

Capitalism is the greatest force for wealth and prosperity the world has ever seen. But we've so badly misapplied it that more and more people are looking at a hopeless, shitty system like socialism as a better option. That's a damn shame.

That's where the ersatz "capitalists" go off the rails. They look at proper regulation as the bane of capitalism,

We went beyond proper regulation about 50 exits back.

If the 2008 Meltdown didn't teach them that, then nothing will.

Regulations forcing lenders to make home loans to poor credit risks was a really stupid idea.
Regulations forcing Fannie and Freddie to buy those home loans to poor credit risks was a really stupid idea.

 

[Admiral Rockwell Tory]

Prove my thread is wrong as I've provided proof I'm right!!!​

We can start at the very first line. Keynes never wrote and is not on record as ever having said that about Capitalism. It's an internet meme. And even if Keynes had said that, he would still be wrong. Capitalism isn't just the vile scum making decisions. It's EVERYONE making billions of economic decisions every day.

But the rest of your post is spot-on correct. Capitalist countries economies outperform planned economies 9 out of 10 times, and in the long term 10 out of 10. Over time, the compounding effect of these higher rates of growth causes planned economies to slip into poverty and hunger. This is why West Germany had double the GGDP per capita of West Germany at the time of reunification.

I think you meant East for the second one!

 

[rightwinger]

That's where the ersatz "capitalists" go off the rails. They look at proper regulation as the bane of capitalism, when in fact it is a critical component of capitalism. If the 2008 Meltdown didn't teach them that, then nothing will.

Capitalism is the greatest force for wealth and prosperity the world has ever seen. But we've so badly misapplied it that more and more people are looking at a hopeless, shitty system like socialism as a better option. That's a damn shame.

Capitalism is the most effective economy but a strong government is needed to maintain a balanced playfield
Without government oversight Capitalism becomes consumptive of other businesses and the workforce