Unfettered Capitalism

[kaz]

They both hold up the state as the ultimate expression of society. ie both promote totalitarian government.

Fascism rose in opposition to class conflict and the international character of mainstream socialism. While fascists often invoke "national" socialism, they invariably oppose liberalism, communism, anarchism, and democratic socialism.

Democratic socialism is just mob rule. Voting doesn't justify armed robbery

 

[kaz]

In this country until about 1916.

Do robber barons qualify as crony capitalists?

robber baron | Definition, Significance, & Captains of Industry

"Among the earliest of the robber barons was John Jacob Astor, a fur magnate who amassed his fortune through the monopoly held by his American Fur Company over the trade in the central and western United States during the first 30 years of the 19th century.

"This monopoly was achieved in part by crushing rivals and systematically cheating Native Americans of fur pelts.

"When his competitors complained to the government, Astor’s agents resorted to violence. With his riches, Astor routinely paid off politicians to protect his business interests."

Crony capitalism is a form of socialism, not capitalism. Think about it, it's government controlling the means of production.

Capitalism just means economic freedom. Consumers, suppliers, employees, employers, all market participants make our own choices.

Crony capitalism isn't that, it's government control. Socialism

Socialism involves workers self management of the enterprise. If this isnt present, then its something other than socialism.

Crony capitalism is an economic system in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class.

Wages? What about employee compensation?

Yes, Democrats think that benefits are just freebies offered by companies. That as government increases the cost of those benefits there is no impact on employees. Companies measure total compensation as you said. Wages are just part of that calculation.

Government isn't just screwing companies with their endless expensive regulations, they are screwing everyone

 

[Toddsterpatriot]

Violence isn't a feature of capitalism. What you describe is crony capitalism.

Of all the stupidity you post, that one stands out.
Capitalism IS violence.
In the same way organized crime IS violence.

robber baron | Definition, Significance, & Captains of Industry

"It has been argued that these capitalist pioneers were the 'antecedents' of the organized crime that emerged in the United States during the Prohibition era (1920–33).

"The robber barons transformed the wealth of the American frontier into vast financial empires, amassing their fortunes by monopolizing essential industries.

"In turn, these monopolies were built upon the liberal use of tactics that are today the hallmark of organized crime: intimidation, violence, corruption, conspiracies, and fraud."

Capitalism IS violence.

Bill Gates and Jeff Bezos forcing people at gunpoint to hand over their money?

 

[kaz]

Violence isn't a feature of capitalism. What you describe is crony capitalism.

Of all the stupidity you post, that one stands out.
Capitalism IS violence.
In the same way organized crime IS violence.

robber baron | Definition, Significance, & Captains of Industry

"It has been argued that these capitalist pioneers were the 'antecedents' of the organized crime that emerged in the United States during the Prohibition era (1920–33).

"The robber barons transformed the wealth of the American frontier into vast financial empires, amassing their fortunes by monopolizing essential industries.

"In turn, these monopolies were built upon the liberal use of tactics that are today the hallmark of organized crime: intimidation, violence, corruption, conspiracies, and fraud."

Capitalism IS violence.

Bill Gates and Jeff Bezos forcing people at gunpoint to hand over their money?

Capitalism is free choice, and Georgie thinks free choice is "violence." He's swallowed the Communist Manifesto whole

 

[dblack]

They both hold up the state as the ultimate expression of society. ie both promote totalitarian government.

Fascism rose in opposition to class conflict and the international character of mainstream socialism. While fascists often invoke "national" socialism, they invariably oppose liberalism, communism, anarchism, and democratic socialism.

They both hold up the state as the ultimate expression of society. ie both promote totalitarian government.

 

[bripat9643]

When they wanted to get a bill passed to build a new airport in Denver, they said it would cost $1.5 billion. It ended up costing over $5 billion.

Any private, for-profit contractors involved in that example?

Advantages and problems of privatisation - Economics Help

The government was managing the project, moron. That's all that matters.

 

[bripat9643]

That's like saying if you hire someone to mow your lawn that he should get a share of the equity when you sell your house.

Unlike the person mowing your lawn, 99% of shareholders contribute nothing to the success of corporations unlike workers which contribute almost everything to reaching quarterly expectations. You think like a slave.

They contribute their cash, dumbass. The corporation wouldn't exist without their investment. The only thing workers contribute is brute labor.

 

[bripat9643]

In this country until about 1916.

Do robber barons qualify as crony capitalists?

robber baron | Definition, Significance, & Captains of Industry

"Among the earliest of the robber barons was John Jacob Astor, a fur magnate who amassed his fortune through the monopoly held by his American Fur Company over the trade in the central and western United States during the first 30 years of the 19th century.

"This monopoly was achieved in part by crushing rivals and systematically cheating Native Americans of fur pelts.

"When his competitors complained to the government, Astor’s agents resorted to violence. With his riches, Astor routinely paid off politicians to protect his business interests."

Crony capitalism is a form of socialism, not capitalism. Think about it, it's government controlling the means of production.

Capitalism just means economic freedom. Consumers, suppliers, employees, employers, all market participants make our own choices.

Crony capitalism isn't that, it's government control. Socialism

Socialism involves workers self management of the enterprise. If this isnt present, then its something other than socialism.

Crony capitalism is an economic system in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class.

Both your claims are false

 

[Mac1958]

The socialists owe the ignorant GOP faux capitalists a huge Thank You card for so badly misapplying capitalism:

‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles

The trend is on track to exacerbate dramatic wealth and income gaps in the U.S., where divides are already wider than any other nation in the G-7.

www.politico.com

The result is a splintered economic picture characterized by high highs — the stock market has hit record levels — and incongruous low lows: Nearly 30 million Americans are receiving unemployment benefits, and the jobless rate stands at 8.4 percent. And that dichotomy, economists fear, could obscure the need for an additional economic stimulus that most say is sorely needed.

The trend is on track to exacerbate dramatic wealth and income gaps in the U.S., where divides are already wider than any other nation in the G-7, a group of major developed countries. Spiraling inequality can also contribute to political and financial instability, fuel social unrest and extend any economic recession.

 

[georgephillip]

How does socialism prevent resources from being "exhausted?" Leftwingers have been complaining about so-called "finite resources" for centuries, but somehow capitalism always manages to find a way to expand production.

You're conceding the obvious: capitalism always finds a way to socialize costs while privatizing profits:

Market failure - Wikipedia

"A good or service could also have significant externalities,[8][16] where gains or losses associated with the product, production or consumption of a product, differ from the private cost.

"These externalities can be innate to the methods of production or other conditions important to the market.[2]

"Traffic congestion is an example of market failure that incorporates both non-excludability and externality.

"Public roads are common resources that are available for the entire population's use (non-excludable), and act as a complement to cars (the more roads there are, the more useful cars become).

"Because there is very low cost but high benefit to individual drivers in using the roads, the roads become congested, decreasing their usefulness to society."

 

[Toddsterpatriot]

How does socialism prevent resources from being "exhausted?" Leftwingers have been complaining about so-called "finite resources" for centuries, but somehow capitalism always manages to find a way to expand production.

You're conceding the obvious: capitalism always finds a way to socialize costs while privatizing profits:

Market failure - Wikipedia

"A good or service could also have significant externalities,[8][16] where gains or losses associated with the product, production or consumption of a product, differ from the private cost.

"These externalities can be innate to the methods of production or other conditions important to the market.[2]

"Traffic congestion is an example of market failure that incorporates both non-excludability and externality.

"Public roads are common resources that are available for the entire population's use (non-excludable), and act as a complement to cars (the more roads there are, the more useful cars become).

"Because there is very low cost but high benefit to individual drivers in using the roads, the roads become congested, decreasing their usefulness to society."

"Traffic congestion is an example of market failure that incorporates both non-excludability and externality.

Congestion is never a problem under communism, eh comrade?

 

[bripat9643]

How does socialism prevent resources from being "exhausted?" Leftwingers have been complaining about so-called "finite resources" for centuries, but somehow capitalism always manages to find a way to expand production.

You're conceding the obvious: capitalism always finds a way to socialize costs while privatizing profits:

Market failure - Wikipedia

"A good or service could also have significant externalities,[8][16] where gains or losses associated with the product, production or consumption of a product, differ from the private cost.

"These externalities can be innate to the methods of production or other conditions important to the market.[2]

"Traffic congestion is an example of market failure that incorporates both non-excludability and externality.

"Public roads are common resources that are available for the entire population's use (non-excludable), and act as a complement to cars (the more roads there are, the more useful cars become).

"Because there is very low cost but high benefit to individual drivers in using the roads, the roads become congested, decreasing their usefulness to society."

"Traffic congestion is an example of market failure that incorporates both non-excludability and externality.

Congestion is never a problem under communism, eh comrade?

Traffic congestion is a "market failure" when the government designs and builds all the roads?

George is such hoot!

 

[bripat9643]

How does socialism prevent resources from being "exhausted?" Leftwingers have been complaining about so-called "finite resources" for centuries, but somehow capitalism always manages to find a way to expand production.

You're conceding the obvious: capitalism always finds a way to socialize costs while privatizing profits:

Market failure - Wikipedia

"A good or service could also have significant externalities,[8][16] where gains or losses associated with the product, production or consumption of a product, differ from the private cost.

"These externalities can be innate to the methods of production or other conditions important to the market.[2]

"Traffic congestion is an example of market failure that incorporates both non-excludability and externality.

"Public roads are common resources that are available for the entire population's use (non-excludable), and act as a complement to cars (the more roads there are, the more useful cars become).

"Because there is very low cost but high benefit to individual drivers in using the roads, the roads become congested, decreasing their usefulness to society."

"Traffic congestion" is a feature of government roads. You have never heard of toll roads, have you dumbass?

 

[georgephillip]

Almost none.

Taxpayers — not Big Pharma — have funded the research behind every new drug since 2010 | Other98

"Just how important is our publicly funded research to Big Pharma and Biotech?

"According to a new study by a small, partly industry-funded think tank called the Center for Integration of Science and Industry (CISI), it is existentially important.

"No NIH funds, no new drugs, no patents, no profits, no industry."

Big pharma is taking big money from U.S. taxpayers to find a coronavirus vaccine — and charge whatever they want for it

 

[bripat9643]

Almost none.

Taxpayers — not Big Pharma — have funded the research behind every new drug since 2010 | Other98

"Just how important is our publicly funded research to Big Pharma and Biotech?

"According to a new study by a small, partly industry-funded think tank called the Center for Integration of Science and Industry (CISI), it is existentially important.

"No NIH funds, no new drugs, no patents, no profits, no industry."

Big pharma is taking big money from U.S. taxpayers to find a coronavirus vaccine — and charge whatever they want for it

That's a total load of horseshit. Your cite is obviously just another leftwing propaganda organ.

 

[georgephillip]

Free rider problems are created by bad regulatory policy that makes it possible to ride for free. It's not a failure of markets, but a policy failure.

Free markets problems are created by bad regulatory policy?
Some members of a community fail to contribute their fair share to the costs of a shared resource sounds suspiciously like a free market failure.

 

[Andylusion]

How does socialism prevent resources from being "exhausted?" Leftwingers have been complaining about so-called "finite resources" for centuries, but somehow capitalism always manages to find a way to expand production.

You're conceding the obvious: capitalism always finds a way to socialize costs while privatizing profits:

Market failure - Wikipedia

"A good or service could also have significant externalities,[8][16] where gains or losses associated with the product, production or consumption of a product, differ from the private cost.

"These externalities can be innate to the methods of production or other conditions important to the market.[2]

"Traffic congestion is an example of market failure that incorporates both non-excludability and externality.

"Public roads are common resources that are available for the entire population's use (non-excludable), and act as a complement to cars (the more roads there are, the more useful cars become).

"Because there is very low cost but high benefit to individual drivers in using the roads, the roads become congested, decreasing their usefulness to society."

You're conceding the obvious: capitalism always finds a way to socialize costs while privatizing profits:

Do you not see the failure of your own claim?

Capitalism ALWAYS finds a way to socialize costs? Always? "ALWAYS"??

Really.... ALWAYS...... every single time.... Always?

Let's see... Where is Enron today? Oh they don't exist, and their CEO spent years in prison "ALWAYS"......?

Where is Indymac bank? Where is Countrywide Financial? Where Bear Stearns today? Where is Lehman Brothers?

If they all found a way to socialize the cost, where are there? They should be making Trillions of dollars.

And by the way, your dumb argument about Roads, is ridiculous. If you allowed companies to build their own roads wherever they wanted, they would be building them everywhere.

The government prevents companies from building private roads, and then you claim that companies are socializing the cost? You did that. Companies didn't do that. YOU DID. You demanded government control road building, and then want to cry that companies are using the roads?

Look at Gujarat Province in India. They had a massive Earthquake. The government decided to have regulation free zones. The companies could make whatever they wanted. Companies built the sea port, built the water utilities, built roads, built the rail tracks, and a highway to the other province. They built homes, and power systems, and sewers.

They built everything, and were happily willing to do it, when the government got out of the way, and let them build.

They didn't socialize the cost, because the big government supporters got out of the way.

And by the way, in socialists countries, that oppose capitalism... are you saying those companies don't use roads? Yes they do.

So what alternative to your claims, do you propose?

 

[dblack]

How does socialism prevent resources from being "exhausted?" Leftwingers have been complaining about so-called "finite resources" for centuries, but somehow capitalism always manages to find a way to expand production.

You're conceding the obvious: capitalism always finds a way to socialize costs while privatizing profits

If businesses can socialize costs, government is failing to do its job.

Again, your claim is backasswards. It's a policy failure, not a market failure. The government should prevent "socializing costs" - unless, I guess, it's a socialist government, in which case socializing costs is the point.

 

[dblack]

Free rider problems are created by bad regulatory policy that makes it possible to ride for free. It's not a failure of markets, but a policy failure.

Free markets problems are created by bad regulatory policy?

Nope. Here, try reading it again: "Free rider problems are created by bad regulatory policy that makes it possible to ride for free. It's not a failure of markets, but a policy failure."

Some members of a community fail to contribute their fair share to the costs of a shared resource sounds suspiciously like a free market failure.

A shared resource is the legitimate domain of government - the commons. The market is irrelevant. If "some members of a community fail to contribute their fair share to the costs of a shared resource" it's the government policy regarding the commons that is failing, not the market.

 

[dblack]

The socialists owe the ignorant GOP faux capitalists a huge Thank You card for so badly misapplying capitalism.

So badly applied it looks like socialism.