Unfettered Capitalism

[bripat9643]

That chart is just more of your empty Marxist rhetoric

Richard D. Wolff | Critics of Capitalism Must Include Its Definition

"The 20th century’s major experiments to establish socialism would have ended differently had organizers defined capitalism and socialism differently.

"Their policies might then have replaced not only private with social property and markets with central planning, but also exploitative with nonexploitative organizations of the surplus.

"As ground-level organizations, WSDEs(Worker Self-directed Enterprises) might have secured a democratic accountability of socialist governments and thereby the survival and development of socialist economies."

Whatever he called it, it would still be a failure where everyone starved and wallowed in poverty.

 

[bripat9643]

No one said the expenses incurred for approval were the total cost, moron.

Where did you get the idea the FDA raises the cost of each new prescription drug by $1 billion?

It imposes $1 billion in costs on the company that develops it.

 

[kaz]

This is how stupid Democrats are.

You don't want businesses to have to compete for your business. Too risky, they would take advantage of you.

So you want government to eliminate competition and force us all to have the same thing.

Talk about "unaccountable."

The funny part being you proved the point that people use terms they don't understand.

Occupied: I want ONE choice, I don't want some unaccountable choice ...

You mean the Sherman anti-Trust Act came into law due to commies? Who knew?
Talking of stupid....

Stupid is that you somehow got the Sherman anti-Trust act out of my post. That was stupid

 

[kaz]

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

Whatever distinguishes capitalism from slavery and feudalism, markets and free enterprise are not it. Capitalism divides humanity into owners and workers.
Just as slavery and feudalism divided humans into masters and slaves, lords and serfs.
While workers have more freedom than slaves and serfs, they are still presented with the "choice" of being exploited by an owner or starving.
There is an alternative.

OK, Friedrich Engels

 

[kaz]

Funding the corporation isn't contributing to the company's success, Comrade? Wow, that's just stupid. You should take an economics class. It would blow your mind how stupid the shit you throw is

If I buy a hundred shares of your Microsoft holdings, how much of my money goes to the corporation?

You seriously don't understand how stocks work. I'm not going to explain it to you. You're on the internet. Do some reading outside the Communist Manifesto.

But stocks are funding the corporation. Sad, government schools. Just sad

 

[Dr Grump]

This is how stupid Democrats are.

You don't want businesses to have to compete for your business. Too risky, they would take advantage of you.

So you want government to eliminate competition and force us all to have the same thing.

Talk about "unaccountable."

The funny part being you proved the point that people use terms they don't understand.

Occupied: I want ONE choice, I don't want some unaccountable choice ...

You mean the Sherman anti-Trust Act came into law due to commies? Who knew?
Talking of stupid....

Stupid is that you somehow got the Sherman anti-Trust act out of my post. That was stupid

Right..."You don't want businesses to have to compete for your business."..sounds like that well-known commie outfit Standard Oil...
Moron....

 

[Mac1958]

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.

And they brag about the economy. Arrogant ignorance.

 

[Dr Grump]

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.

And they brag about the economy. Arrogant ignorance.

Even weirder they think they know what socialism is

 

[Mac1958]

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.

And they brag about the economy. Arrogant ignorance.

Even weirder they think they know what socialism is

All they "know" is what is provided for them in their sub-reality.

They then just parrot it in the real world, not understanding how distorted and one-sided it is.

 

[kaz]

This is how stupid Democrats are.

You don't want businesses to have to compete for your business. Too risky, they would take advantage of you.

So you want government to eliminate competition and force us all to have the same thing.

Talk about "unaccountable."

The funny part being you proved the point that people use terms they don't understand.

Occupied: I want ONE choice, I don't want some unaccountable choice ...

You mean the Sherman anti-Trust Act came into law due to commies? Who knew?
Talking of stupid....

Stupid is that you somehow got the Sherman anti-Trust act out of my post. That was stupid

Right..."You don't want businesses to have to compete for your business."..sounds like that well-known commie outfit Standard Oil...
Moron....

My God government schools are apparently as bad in New Zealand as they are here. Sorry, guy. Try reading my post again. Read slower and try to sound it out if you have to. Or maybe you're right and you're a moron. Companies have to compete with other companies for your business. Government eliminates its competition. And you think people work harder when they aren't accountable. You're not a functioning adult

 

[kaz]

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.

And they brag about the economy. Arrogant ignorance.

Even weirder they think they know what socialism is

Socialism is government control over the economy. It's central economic planning. That is the opposite of capitalism, which is distributed economic planning. Capitalism is just economic freedom. In capitalism, consumers, suppliers, employees, employers make our own best decisions. Only government can centrally plan an economy because only government can use guns to force people to make choices against our best interest.

We understand it fine, comrade. You don't know what you're talking about

 

[georgephillip]

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.

Why do you make claims like this without providing any supporting evidence? Is this the earthquake you're referring to?

"The 2001 Gujarat earthquake, also known as the Bhuj earthquake, occurred on 26 January, India's 52nd Republic Day, at 08:46 am IST. The epicentre was about 9 km south-southwest of the village of Chobari in Bhachau Taluka of Kutch District of Gujarat, India.[5]"

2001 Gujarat earthquake - Wikipedia

 

[georgephillip]

If Nassau County and/or the Town Of Hempstead owned all business, everyone not related to a politician would be on welfare.

What if the workers of those communities you mentioned owned all the businesses and all businesses were operated democratically?
Episode 10 – Worker Self-Directed Enterprises and Socialism (w/ Dr. Richard Wolff)

Worker Self-Directed Enterprises: The Cure for Capitalism - Resilience

"It does not take a barricade-building socialist to recognize that our daily lives are not imbued with democratic notions and activities.

"We all know at the end of the day that our workplaces are dictatorships where a certain person, or group of persons, usually disconnected from the actual operation of the enterprise, run them with iron fists.

"If you step out of line, your punishment is the loss of your job, which pays the wage that provides for the means to live.

"There is a democracy deficit at work, and that deficit spreads to legislatures locally, nationally, and even internationally.

 

[kaz]

If Nassau County and/or the Town Of Hempstead owned all business, everyone not related to a politician would be on welfare.

What if the workers of those communities you mentioned owned all the businesses and all businesses were operated democratically?
Episode 10 – Worker Self-Directed Enterprises and Socialism (w/ Dr. Richard Wolff)

Worker Self-Directed Enterprises: The Cure for Capitalism - Resilience

"It does not take a barricade-building socialist to recognize that our daily lives are not imbued with democratic notions and activities.

"We all know at the end of the day that our workplaces are dictatorships where a certain person, or group of persons, usually disconnected from the actual operation of the enterprise, run them with iron fists.

"If you step out of line, your punishment is the loss of your job, which pays the wage that provides for the means to live.

"There is a democracy deficit at work, and that deficit spreads to legislatures locally, nationally, and even internationally.

Socialists aren't rational, you are greedy

 

[georgephillip]

What's your solution?

Repeal selected aspects of deregulation:

Stock Buybacks Were Once Illegal. Why Are They Legal Now?

"Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation.

"But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.

"The SEC's decision to make this shift came against the backdrop of President Ronald Reagan's era of deregulation and coincided with the rise of 'free market' economists preaching a new type of social responsibility for business: increasing profits."

 

[kaz]

What's your solution?

Repeal selected aspects of deregulation:

Stock Buybacks Were Once Illegal. Why Are They Legal Now?

"Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation.

"But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.

"The SEC's decision to make this shift came against the backdrop of President Ronald Reagan's era of deregulation and coincided with the rise of 'free market' economists preaching a new type of social responsibility for business: increasing profits."

Stock buybacks are very good for the market. It shows management has faith in the company moving forward.

The idea of it being "stock manipulation" is completely arbitrary. There are 50 other things management can do to signal the stock is in good shape, that's only one. The market tracks this stuff. Sure, companies can get away with a false signal once or twice, but after that it hurts the stock price. The market knows way more what it's doing than government politicians and bureaucrats. They have that covered

 

[Indeependent]

What's your solution?

Repeal selected aspects of deregulation:

Stock Buybacks Were Once Illegal. Why Are They Legal Now?

"Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation.

"But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.

"The SEC's decision to make this shift came against the backdrop of President Ronald Reagan's era of deregulation and coincided with the rise of 'free market' economists preaching a new type of social responsibility for business: increasing profits."

I agree that Trump is the anti-Reagan.
But Trump has an R next to his name and thus you hate him.
All entities since Reagan have dropped the ball concerning nationalistic concerns, but aren’t you all for Globalism and Open Borders?

 

[kaz]

What's your solution?

Repeal selected aspects of deregulation:

Stock Buybacks Were Once Illegal. Why Are They Legal Now?

"Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation.

"But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.

"The SEC's decision to make this shift came against the backdrop of President Ronald Reagan's era of deregulation and coincided with the rise of 'free market' economists preaching a new type of social responsibility for business: increasing profits."

I agree that Trump is the anti-Reagan.
But Trump has an R next to his name and thus you hate him.
All entities since Reagan have dropped the ball concerning nationalistic concerns, but aren’t you all for Globalism and Open Borders?

Leftists are certainly globalists and always have been, but the open borders thing is more recent. Traditional socialists were not for unlimited immigration because that would have diluted the plunder when they raid the treasury themselves. Even they knew that cradle to grave AND unlimited immigration would bankrupt them.

Bernie for example is a more traditional socialist who isn't for unfettered illegal immigration. The Democrat neocons who have taken over the Democrat party are really a new breed in both wanting to loot the treasury and dilute it with unlimited illegal immigration at the same time. But they clearly need voters now and are motivated by that.

The interesting thing will be since they will ultimately win is once they have redesigned and control the system to ensure they never lose another election if they will suddenly realize that they will bankrupt themselves and change back to traditional immigration or continue to dilute their plunder. They are ideologues, it could go either way

 

[Indeependent]

What's your solution?

Repeal selected aspects of deregulation:

Stock Buybacks Were Once Illegal. Why Are They Legal Now?

"Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation.

"But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse.

"The SEC's decision to make this shift came against the backdrop of President Ronald Reagan's era of deregulation and coincided with the rise of 'free market' economists preaching a new type of social responsibility for business: increasing profits."

I agree that Trump is the anti-Reagan.
But Trump has an R next to his name and thus you hate him.
All entities since Reagan have dropped the ball concerning nationalistic concerns, but aren’t you all for Globalism and Open Borders?

Leftists are certainly globalists and always have been, but the open borders thing is more recent. Traditional socialists were not for unlimited immigration because that would have diluted the plunder when they raid the treasury themselves. Even they knew that cradle to grave AND unlimited immigration would bankrupt them.

Bernie for example is a more traditional socialist who isn't for unfettered illegal immigration. The Democrat neocons who have taken over the Democrat party are really a new breed in both wanting to loot the treasury and dilute it with unlimited illegal immigration at the same time. But they clearly need voters now and are motivated by that.

The interesting thing will be since they will ultimately win is once they have redesigned and control the system to ensure they never lose another election if they will suddenly realize that they will bankrupt themselves and change back to traditional immigration or continue to dilute their plunder. They are ideologues, it could go either way

As an ex software developer I was screwed already under Reagan.
GW killed us once and for all.
I honestly see the only difference between the parties is that the Ds will give welfare and their morals are literally in the toilet.

 

[georgephillip]

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

Worker self-directed enterprises bring democracy to the place where most adults spend one-third of their productive years.

Democratizing the Workplace through “Worker Self-Directed Enterprises”

"Long-term capitalist development is the major force behind the change towards a significant (or prevalent) WSDE sector.

"The development has four key features:

"(a) its tendency towards deepening gaps between the rich and the poor,

"(b) its instability (business cycles),

"(c) its environmental unsustainability, and

"(d) the stark contradiction between capitalism and workplace democracy.

"The biggest obstacle to transition to economies with significant or prevailing WSDE sectors is political and ideological opposition; fears about undertaking transition to WSDE sectors are often expressed as disbelief in their feasibility."