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Capitalism - Yay or Nay?

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I was going to ask something in a similar vein.

You can interview those people that came to the west searching for a better life, and they can spit out 10-15 horror stories on command about how they personally suffered due to the inefficiencies, power abuses, and otherwise criminal actions and results of their non-capitalistic society.

The majority of complaints posted so far about capitalism seem to come from indoctrinating textbooks, and/or political propaganda. Buzzwords, conflict avoidance words, theoretical bullshit by people either economically or mathematically ignorant, shit in movies, and made up problems are pretty much par for the complaints.

I haven't seen much if any true to life victimization by capitalism posted at all here. Genuine bad results free markets and free interactions between people.


Could anyone please share a story of how living in a mainly capitalistic system ruined their life?
...Pinochet?

Alternatively the millions of homeless? The people in the US who can't afford healthcare bills?
 
I was going to ask something in a similar vein.

You can interview those people that came to the west searching for a better life, and they can spit out 10-15 horror stories on command about how they personally suffered due to the inefficiencies, power abuses, and otherwise criminal actions and results of their non-capitalistic society.

The majority of complaints posted so far about capitalism seem to come from indoctrinating textbooks, and/or political propaganda. Buzzwords, conflict avoidance words, theoretical bullshit by people either economically or mathematically ignorant, shit in movies, and made up problems are pretty much par for the complaints.

I haven't seen much if any true to life victimization by capitalism posted at all here. Genuine bad results free markets and free interactions between people.


Could anyone please share a story of how living in a mainly capitalistic system ruined their life?


Here you go LA times just did a story on people who are too young to die but too poor to retire even after working 50 years.
http://graphics.latimes.com/retirement-nomads/
 
Umm I do live there. Did you read the article? the whole article is one person's story. You want a collection of them?http://www.metafilter.com/156772/Too-poor-to-retire-too-young-to-die

There is a whole thread. Count the number of people whose retirement plan is suicide since capitalism doesn't is a heartless system.

I'm trying to find out how the posters on this thread came to their understanding of capitalism, and whether it's from what they 'heard' or it comes from their true to life experience.

I'm not interested in stories of random people who can't see past 24 hours in their life, make terrible financial decisions, live at or past their means for 50 years, didn't bother saving a nickel or dime for every dollar they made, and didn't make the financial or social investments for their old age...

Just GAF'rs.
 
I'm trying to find out how the posters on this thread came to their understanding of capitalism, and whether it's from what they 'heard' or it comes from their true to life experience.

I'm not interested in stories of random people who can't see past 24 hours in their life, make terrible financial decisions, live at or past their means for 50 years, didn't bother saving a nickel or dime for every dollar they made, and didn't make the financial or social investments for their old age...

Just GAF'rs.

Eh, I'm in agreement that capitalism/market driven economies are the way to go but let's not pretend there aren't downsides/loosers to that approach ( through little fault of their own).

Every system has them. And whoever pretends their favourite ideology is flawless and doesn't has most likely not understood what he is talking about.
 
My master theses was about the eroding effects on pensions of the administrative cost in privately run obligatory affiliationa pensions institutions. The data shows that the profits of them are greater than the gains of the pension funds. So they harvest the majority of the profits while shouldering none of the risk and the pensions coming out of this system would need to be supplemented by state funds.
 
I'm trying to find out how the posters on this thread came to their understanding of capitalism, and whether it's from what they 'heard' or it comes from their true to life experience.

I'm not interested in stories of random people who can't see past 24 hours in their life, make terrible financial decisions, live at or past their means for 50 years, didn't bother saving a nickel or dime for every dollar they made, and didn't make the financial or social investments for their old age...

Just GAF'rs.

How did you come to your understanding of communism? Was it from what you've heard or has it come from true to life experience?

And I'm sure all the people who are well off are well off purely because they did those things you said. Not from being lucky and born into a well off family. Or being in the right place at the right time.

Also why can't I use Pinochet as an example? Everyone jumps to bring up Stalin or Mao whenever communism gets mentioned, why can't I bring up a capitalist dictator?
 
I would love for you to explain to me how these countries actually reached communism.
They didn't. Because it's impossible. What we had were countries trying to reach communism, absolutely failing and send millions to poverty and death.

You say that we can learn with the mistakes and do things differently, but it's really rare to see communism support groups trying to detatch their images from these failed states. We have a communist party here in Brazil. It's conferences are filled with banners with Lenin and Stalin faces. University professors treat Marx as a god and indocrinate students to communist values. They support North Korea actions, etc. Looking at that, I fail to see what these groups are learning, so I really, really hope that they continue to be treated as lunatics by the majority of the population and just stay with their ideas without any chance of implementing them again.

If you have a great communist party in your country, that shows how they have learned from past mistakes and how they can reach the impossible, maybe they can succeed by showing everyone how would that work and how it's better than what we hade today. Until then: Yay, capitalism.
 
Nay. It's a system that has sidelined billions of people around the world into poverty, benefiting the lucky few in the first world countries. Even then many of the first world countries are unable to control capitalism to benefit the people. leaving many in those countries poor.

Your narrative isn't going to like the charts at this link: http://ourworldindata.org/data/growth-and-distribution-of-prosperity/world-poverty/

The rate of extreme poverty worldwide falling from 90% to 10% over 200 years? Sure, correlations isn't necessarily causation. But it certainly casts an almost insurmountable amount of doubt on what you portray is such a simple narrative.
 
I was born in a Kibbutz, it's a commune, read up on that, it ain't perfect, it got some issues for sure, but it certainly didn't devolved into a hellish nothing, it provided comfortable life to people, without real poverty or the threat of poverty.

And again, I don't want to get to the semantic discussion of what is or isn't communism/socialism, but let me be clear about what I am saying -

I don't think capitalism is the endgame of human civilization, I do not believe this is the best possible system. I do believe that people who identified themselves as socialists or communists had some good idea that can be adopted in today's society.
Let me give you two examples -
I think that a model where the workers own (in part or in full) the company they work for and get to enjoy a respectable cut of the fruits of their labor is generally superior to the model where companies are owned by rich investors who reap most of the benefits.
I think that the fact that there are people in this world who generate a whole lot of money without doing any work is problematic, and something that should be addressed.

I don't want a soviet style system, I don't think it's desired, and the practical steps I would take to achieve the two goals I listed (and others) are not likely to lead to a dictatorship or a hellish anything (I'm taking about mostly changes to the tax code).

Now, it's fine to argue against that, but I'm not sure what you can learn from the Soviet experiment, historically, there is really very little similarities.


And most socialists/communists argue (even in this very thread) that Stalin's USSR does not follow under their notion of communism (it certainly wouldn't fall under Marx's definition - communism is the post-scarce Star Trek like end game - a stateless, , moneyless, free associating society which have more in common with anarchists' vision than the soviet union).
Still, the East India Company is a product of capitalism, it couldn't have existed without it and such entities did not existed before it (and they started to appear almost immediately after Capitalism was born).
Now again, I like to stress that I think it's intellectually dishonest to use that example to argue anything and everything Capitalist is bad, I was using it as a counter point to arguing that the USSR is proof that anything socialism/communism can't work.
Though if we are to get pedantic, if anything, my example carry a tad more weight (though still, not too much) as you have serious political actors (or quasi-serious, depending on your political leaning) who advocate radical free market solutions that could in theory lead to similar issue.
Though once again, I don't think that line of criticism is particularly fair.

This is incorrect. The East India Company was an outspring of a mercantilist society, not a capitalist one. Now you may view mercantilism as some sort of proto-capitalism, but it has very important distinctions. In a mercantilist society, the corporations and merchants have been granted a monopoly and subsidies by the governments, in addition to the regulations on importing and exporting that prevented competition. These companies may have technically been formed with private capital, but effectively they were an arm of the state.

Like with many things, a purely capitalist society would never work, especially in a country as large as the US. The same goes for socialism. This is why most of modern society works in a mix.

A pure free market society would work in a perfect society theory: everyone would have high morals, strong desire to innovate with hopes of better themselves and the world. Greed wouldn't triumph due to the existence of a supposed "invisible hand".

There is a problem with this statement.

In a hugely capitalist society, being greedy is practically characteristic of it. There is no "invisible hand". Let's take a look at one of the richest person to exist in history: John D. Rockefeller. Standard Oil wasn't regulated because one day this man had a moral revelation and realized that the monopoly was wrong. No, Standard Oil was regulated, and rightfully so. Socialists in an idea, sure.

To say that capitalism was a "mistake" and is purely bad is incredibly short-sighted. Many things we have in our world now we owe partly due to the market economy, and the need to innovate. Let's taking NeoGAF, a largely gaming form. Capitalism, in essence, is why we have the video games and consoles we do today!

With all this said, I reiterate that a perfect free market society would be disastrous. Same for socialism. The USA could absolutely use some new socialist ideas (hello Bernie Sanders), but to completely dismantle the market economy would be catastrophic.

If you look at the marketshare of Standard Oil before it was broken up, you'd see that this is fundamentally incorrect. Standard Oil was actually rapidly losing marketshare prior to being broken up because of new competitors entering the market(it had dropped from ~90% to ~60% in the decade prior to the breakup), and even during the brief period where Standard held a monopoly it really didn't harm the consumer, prices of oil and kerosene actually dropped during that period.

There are market sectors where natural monopolies can form that are very hard to compete with, but the idea that this is the default state and that it is inevitable has been shown to be incorrect in most cases.
 
Your narrative isn't going to like the charts at this link: http://ourworldindata.org/data/growth-and-distribution-of-prosperity/world-poverty/

The rate of extreme poverty worldwide falling from 90% to 10% over 200 years? Sure, correlations isn't necessarily causation. But it certainly casts an almost insurmountable amount of doubt on what you portray is such a simple narrative.

Its amazing that it start with ''since the onset of the industrial revolution poverty is falling", while the first century or so of the industrial revolution was a major reason people lived in squalor and poverty. It is only thanks to the people who managed to fight against it, and outsourcing of the worst parts of it, that we can now say that the industrial revolution brought an increase in living standards and such. And i also find the focussing on income to be way too simplistic. Yes, people in cities earned more, but that has to be offset by things like higher rents and the effects on health due to working extremely long hours in factories that were absolutely disgusting.

And lets also not start about things like the Land Enclosure Acts, which were necessary to kick people of their lands to force them into the factorties, because people realized that a factory is a terrible life even compared to farming. And what the industrial revolution did in the colonies of the European countries.

So yes, its nice and all that over longer periods things might have become better, but its not at all stated that its thanks to capitalism and not in spite of it. And too bad if you were a laborer in an English city in say 1820, who im sure didnt give a rats ass that in 2016 you can buy an iphone.

Basically, the luddites were absolutely right in what they did, and capitalists and people supporting it should not forget the immense amount of tragedy they have caused and keep causing over the past few centuries.
 
You could choose to use capitalism only when it actually makes sense, as opposed to all the time.

Again with this. Who decides when it "makes sense"? Who should be entrusted with this power? You? The government?

People keep saying that socialism doesn't mean super powerful government, and that it instead means the vague idea of super powerful "the people". Nobody has ever demonstrated how this could possible actually work in the real world. Hence why nobody has ever made it to "true socialism". Ever stopped to consider that maybe it just isn't possible?
 
Again with this. Who decides when it "makes sense"? Who should be entrusted with this power? You? The government?

People keep saying that socialism doesn't mean super powerful government, and that it instead means the vague idea of super powerful "the people". Nobody has ever demonstrated how this could possible actually work in the real world. Hence why nobody has ever made it to "true socialism". Ever stopped to consider that maybe it just isn't possible?
Easy, corporations are not allowed to be owned by external shareholders, but only owned and controlled by the workers in the form of coops. Done. You now have both socialism and free markets.
 
Again with this. Who decides when it "makes sense"? Who should be entrusted with this power? You? The government?

People keep saying that socialism doesn't mean super powerful government, and that it instead means the vague idea of super powerful "the people". Nobody has ever demonstrated how this could possible actually work in the real world. Hence why nobody has ever made it to "true socialism". Ever stopped to consider that maybe it just isn't possible?

There's nothing vague about the concept of workers' councils, it's a very neatly defined system albeit one that socialists have their own critiques for. The Soviets just needed better checks and balances. There's also co-ops if you want market socialism.

Also, I have to reiterate what HarryHengst said: people like to point to the overall trajectory upward with capitalism but fail to realize that many of the benefits that the middle classes of the world have gained were because of socialists and unions fighting back against capitalist exploitation. And the poor and the lumpenproleriat? Just sweep those under the rug, pretend they don't exist.
 
Easy, corporations are not allowed to be owned by external shareholders, but only owned and controlled by the workers in the form of coops. Done. You now have both socialism and free markets.

The workers don't have the capital. Where does the money to run the business come from? This doesn't make a lick of sense.
 
The workers don't have the capital. Where does the money to run the business come from? This doesn't make a lick of sense.
They take the capital from the bosses in a revolution. It was only gained originally through violence and privatization of common property so it really should be commonly held.

Why couldn't we just cut out the bosses and owners entirely? They serve no purpose but to limit the availability of capital.
 
They take the capital from the bosses in a revolution. It was only gained originally through violence and privatization of common property so it really should be commonly held.

Why couldn't we just cut out the bosses and owners entirely? They serve no purpose but to limit the availability of capital.

Then who is in charge? Who is the brains of the operations? Who is going to innovate? Did anybody actually think this through? Sounds more like a theoretical perffect world situation which could never actually be feasible.
 
And most socialists/communists argue (even in this very thread) that Stalin's USSR does not follow under their notion of communism (it certainly wouldn't fall under Marx's definition - communism is the post-scarce Star Trek like end game - a stateless, , moneyless, free associating society which have more in common with anarchists' vision than the soviet union).
Two points. I'm not sure why Marx's definition matters in this day and age because he built his theories on the labor theory of value which is pretty clearly false. Sadly, Marx inherited this from Adam Smith, so maybe if Smith had gotten it right Marx would have come up with a more coherent theory.

Second, you seem to recognize that communism can't work in a world of scarcity, correct?

There exists something named market socialism, which is *gasp* socialism but with markets!
They aren't free markets in that case though, but heavily government controlled markets.

Its amazing that it start with ''since the onset of the industrial revolution poverty is falling", while the first century or so of the industrial revolution was a major reason people lived in squalor and poverty. It is only thanks to the people who managed to fight against it, and outsourcing of the worst parts of it, that we can now say that the industrial revolution brought an increase in living standards and such.
You have a very warped view of how well off people were before the industrial revolution.
Easy, corporations are not allowed to be owned by external shareholders, but only owned and controlled by the workers in the form of coops. Done. You now have both socialism and free markets.
Again, that is not free markets. Government is telling people how they can use their assets, and to whom they can sell them to.
 
The workers don't have the capital. Where does the money to run the business come from? This doesn't make a lick of sense.

It is literally impossible that any other option than the ones we currently have can exist. We live in the best of all possible worlds and nothing else is possible. This is unfortunately exactly what capitalists believe.


They aren't free markets in that case though, but heavily government controlled markets.
This of course makes no sense. If the markets are exactly the same as they are now, but corporations do not exist, they suddenly arent free??


You have a very warped view of how well off people were before the industrial revolution.
No, i have not. However, I do realize the immense cost that capitalism and the industrial revolution placed on the peoples before us. You clearly want to ignore that.

Again, that is not free markets. Government is telling people how they can use their assets, and to whom they can sell them to.

But the current government also tells people how they can use their assets. Im not allowed to buy an atomic bomb on the free market. Companies werent allowed to deal with Cuba or Iran for the longest times. Companies are not allowed to form a monopoly or collude with other companies to lower wages. So are you saying that we do not have free markets? So capitalism can exists without free markets?
 
Then who is in charge? Who is the brains of the operations? Who is going to innovate? Did anybody actually think this through? Sounds more like a theoretical perffect world situation which could never actually be feasible.
The workers run it democratically. Very simple.
 
It is literally impossible that any other option than the ones we currently have can exist. We live in the best of all possible worlds and nothing else is possible. This is unfortunately exactly what capitalists believe.

No. Capitalists don't believe we're on the best system right now, because bad government intervention is currently causing distortions in every country to different extents. More government intervention would only cause more distortions, which is what you are advocating for.

The workers run it democratically. Very simple.
Again, this would be very inefficient. The company would not be run in a way where they are rewarded for creating value for consumers.
 
It is literally impossible that any other option than the ones we currently have can exist. We live in the best of all possible worlds and nothing else is possible. This is unfortunately exactly what capitalists believe.

Straw man. Everyone here seems pretty open to ideas. It's just that all these are retreads of failed ideas and/or situations that sounds completely unfeasible in the real world.

The workers run it democratically. Very simple.

If there's one thing that may be as bad as trusting the government to run businesses, it's trusting "the masses" to run businesses. And what Giant Panda said.
 
No. Capitalists don't believe we're on the best system right now, because bad government intervention is currently causing distortions in every country to different extents. More government intervention would only cause more distortions, which is what you are advocating for.

Again, this would be very inefficient. The company would not be run in a way where they are rewarded for creating value for consumers.
Why not?
 
No. Capitalists don't believe we're on the best system right now, because bad government intervention is currently causing distortions in every country to different extents. More government intervention would only cause more distortions, which is what you are advocating for.


Again, this would be very inefficient. The company would not be run in a way where they are rewarded for creating value for consumers.

We tried a lack of government interventions. It was the first century of the industrial revolution in Britain. It was terrible for everyone but the top 0,1% or so. The fact that you can work in better conditions is thanks to the people fighting against exactly the thing you want to reintroduce.

Straw man. Everyone here seems pretty open to ideas. It's just that all these are retreads of failed ideas and/or situations that sounds completely unfeasible in the real world.

If there's one thing that may be as bad as trusting the government to run businesses, it's trusting "the masses" to run businesses. And what Giant Panda said.

Its not letting "the masses" run businesses. You create worker councils were people are elected into certain positions but also democratically responsible for the decisions they make.

Again, look at how Mondragon runs things. Its a company with a turnover of 11 billion dollars and 75000 employees. If they can do it it is clearly possible.
 
Two points. I'm not sure why Marx's definition matters in this day and age because he built his theories on the labor theory of value which is pretty clearly false. Sadly, Marx inherited this from Adam Smith, so maybe if Smith had gotten it right Marx would have come up with a more coherent theory.

Second, you seem to recognize that communism can't work in a world of scarcity, correct?


They aren't free markets in that case though, but heavily government controlled markets.


You have a very warped view of how well off people were before the industrial revolution.

Again, that is not free markets. Government is telling people how they can use their assets, and to whom they can sell them to.

Your definition of socialism is extremely lacking. Governments aren't necessary to "implement" it or enforce it. Otherwise we wouldn't have anarchism as a political ideology. The point isn't, I think, to ban people from private property rights but to make it obsolete so that people wouldn't want to work for a wage. Whether or not that's viable is another question, but when you say things like "government bans this or that" from earlier in the thread well that's missing the point. Government bans a lot of things presently under capitalism; so clearly when people talk about socialism -- they're talking about something that you're not.

Free market socialism is also a thing. See: mutualists like Kevin Carson or Benjamin Tucker if you want to go back further.
 

Workers would vote to run the company in a way that was best for themselves. New machine released that saves a lot of money but makes some labor jobs obsolete? Workers vote against it, which hurts consumers. Workers vote themselves very high benefits, and since your system makes it hard for new competitors to enter the market, consumers are stuck paying higher prices. In your system, where would an entrepreneur even get the funding to create a new business?
 
Your definition of socialism is extremely lacking. Governments aren't necessary to "implement" it or enforce it. Otherwise we wouldn't have anarchism as a political ideology. The point isn't, I think, to ban people from private property rights but to make it obsolete so that people wouldn't want to work for a wage. Whether or not that's viable is another question, but when you say things like "government bans this or that" from earlier in the thread well that's missing the point. Government bans a lot of things presently under capitalism; so clearly when people talk about socialism -- they're talking about something that you're not.

Free market socialism is also a thing. See: mutualists like Kevin Carson or Benjamin Tucker if you want to go back further.

To keep capital being owned by workers or the government, the government would be banning private individuals from doing transactions that both parties considered mutually beneficial. Under a state of anarchy, the economic system would inevitably end up being capitalism with no corrections for market failures, aka anarcho-capitalism.
 
No. Capitalists don't believe we're on the best system right now, because bad government intervention is currently causing distortions in every country to different extents. More government intervention would only cause more distortions, which is what you are advocating for.

You seems to be coming from a mental place where a non-distorted world is where a few control the capital and run things as they see fit while any change from this is a negative distortion. First you talk about bad government intervention, but then your next sentence applies to all government intervention, suggesting you view any such intervention as bad. This is bizarre since even the earliest and most basic tenets of capitalist economics see some level of regulation as required. Regardless, while bad regulation certainly does cause additional harm that doesn't mean that it is always bad in supposedly capitalist society.

Giant Panda said:
Again, this would be very inefficient. The company would not be run in a way where they are rewarded for creating value for consumers.

Again, you're coming at this from a capitalist viewpoint that is purely about efficiency and reward and value. Why must all these be maximized? Why can't we say that some inefficiency is worthwhile in order to improve the general population? I'm not saying we should be wasteful, but I view the goal as being a society without need rather than one that is most efficient at producing goods and services.

Workers would vote to run the company in a way that was best for themselves. New machine released that saves a lot of money but makes some labor jobs obsolete? Workers vote against it, which hurts consumers. Workers vote themselves very high benefits, and since your system makes it hard for new competitors to enter the market, consumers are stuck paying higher prices. In your system, where would an entrepreneur even get the funding to create a new business?

And under capitalism companies are, in theory, run in a way that is best for the owners. Saving money is done because it benefits them. Things aren't done to help consumers unless it is thought that would benefit the company. All that changes here under your view is who the owners are.
 
The fatal flaw of capitalism is its built on the idea of infinite growth when the Earth is finite. At some point the physical limitations of the planet are going to destroy the idea of an endlessly growing free market. Automation removing most jobs from the workforce is going to break it first though.
 
To keep capital being owned by workers or the government, the government would be banning private individuals from doing transactions that both parties considered mutually beneficial. Under a state of anarchy, the economic system would inevitably end up being capitalism with no corrections for market failures, aka anarcho-capitalism.

I'm not going to argue against what you think anarchy is. I'm just saying that considering that socialists have been advocating for anarchy since the 19th century; clearly understanding socialism as just government banning things (even something as specific as private property rights) is lacking with respect to a large part of socialist thought.
 
You seems to be coming from a mental place where a non-distorted world is where a few control the capital and run things as they see fit while any change from this is a negative distortion. First you talk about bad government intervention, but then your next sentence applies to all government intervention, suggesting you view any such intervention as bad. This is bizarre since even the earliest and most basic tenets of market-based economics see so level of regulation as required. Regardless, while bad regulation certainly does cause additional harm that doesn't mean that it is always bad in supposedly capitalist society.
I didn't mean that all intervention is bad. There are very real market failures that need government intervention to correct. Pollution, a negative externality is an example. The government can create private property rights by issuing a certain number of pollution permits and letting the market trade for them.

But many government interventions aren't like that. Farm subsidies, all of the tax exemptions that subsidize inefficient behavior, barriers to international trade, etc.
Again, you're coming at this from a capitalist viewpoint that is purely about efficiency and reward and value. Why must all these be maximized? Why can't we say that some inefficiency is worthwhile in order to improve the general population? I'm not saying we should be wasteful, but I view the goal as being a society without need rather than one that is most efficient at producing goods and services.

Well, in a more efficient system, more needs can be meet. Progressive taxation and a safety net ensure that the distribution isn't too unequal.

And under capitalism companies are, in theory, run in a way that is best for the owners. Saving money is done because it benefits them. Things aren't done to help consumers unless it is thought that would benefit the company. All that changes here under your view is who the owners are.
Yes, but competition ensures that what is best for the company becomes what is best for consumers. Government has a role if competition is impossible, but currently it also is often the reason competition is harder/impossible.
 
Not having government intervention is one of the worst possible outcomes to have. Corporations and businesses have no moral compass beside the one that is imposed by the government. They don't (generally) give a shit about the abuse they cause to workers, the environmental damage or pollution or the damage they do indirectly people.

A companys main objective is to create revenue. It's profit is not based on being nice. So you have the government to put a stop to the lunacy.

No, you cannot pour shit in the water supply, no you cannot dump that shit there, no you cannot lower the minimum wage to 2 dollars and hire 10 times as many workers. There is a good reason why you have restrictions.


Look at IKEA- H&M- Statoil, Lego, Maersk- They are able to compete with the largest corporations in the world, because even though they are based in socialist countries and pay a very high tax, there are also benefits in terms of stability, high quality of workers, safety, little corruption and high stability and mobility.

You could fuck all that shit up by removing the restrictions and allow their production costs and their taxes to go down, but it would be a boomerang effect that would fuck up shit further down the chain. Plus it would make things miserable for the people being thrown under the bus.
Having happy workers with a high sense of loyalty with care and work for your company in a way you wouldn't for a normal, and treating your workers decently reduces their stress and increases their productivity.


"Unregulated capitalism" is a way to beat your horse to death to make it go faster. Regulated capitalism allows you to stop the shit from spinning out of control. If you've ever worked for a large international corporation, you know damn well that HR doesn't have your back when you're being abused by a boss, or someone is cutting your pay illegally or cheating you out of sick days or bullying you or some shit like that. HR always has the companys at heart first, and they will calculate and asses the least-damage scenario. It's completely plausible and normal to be fired or punished in a corporate sense by acting up or being difficult.

When you have a government that goes in and says- you cannot treat people like garbage, the people- have rights and they can go to a union and be protected from the bullshit.
I think it is a false equivalency to say that regulations like that- like paid maternity leave, paying a living wage, a certain amount of vacation, a months notice before being fired, fair workers rights, equal pay and so on, are all examples of government intervention that fucks up corporations.
Arguing that if you removed those restrictions you would be able to hire more people is a race to the bottom. you work in a field with no prospects, and you work full time and you cannot make rent or get through the month. Things that have nothing to do with being bad with finances, and everything to do with capitalism spinning out of control trying to appease companies and deregulate everything.

It will never be enough for a company. That's the grotesque part of it. A company never goes "thats enough profits". We good right here. It will always be about growing, expanding and more and more- either through assests, profits, goodwill (branding, awareness) or similar things that benefit the company.

America is the richest country on earth, but a lot of that wealth is not being re poured into the economy. it stays in the bank account of a few individuals. Overwhelmingly so.
 
I'm not going to argue against what you think anarchy is. I'm just saying that considering that socialists have been advocating for anarchy since the 19th century; clearly understanding socialism as just government banning things (even something as specific as private property rights) is lacking with respect to a large part of socialist thought.

Well, based on the definition of anarchism that I am familiar with, what I said makes perfect sense. My understanding of anarchism lines up with the Wikipedia definition of "Anarchism is a political philosophy that advocates self-governed societies with voluntary institutions. These are often described as stateless societies, but several authors have defined them more specifically as institutions based on non-hierarchical free associations."

When individuals are free to act however they wish, they will trade privately as both individuals benefit. Private individuals will begin to accumulate capital, and workers will no longer be the sole owner of the means of production unless a government steps in to stop the private trading. I believe the "anarchism" you believe can't exist because it is inherently contradictory.
 
Well, based on the definition of anarchism that I am familiar with, what I said makes perfect sense. My understanding of anarchism lines up with the Wikipedia definition of "Anarchism is a political philosophy that advocates self-governed societies with voluntary institutions. These are often described as stateless societies, but several authors have defined them more specifically as institutions based on non-hierarchical free associations."

When individuals are free to act however they wish, they will trade privately as both individuals benefit. Private individuals will begin to accumulate capital, and workers will no longer be the sole owner of the means of production unless a government steps in to stop the private trading. I believe the "anarchism" you believe can't exist because it is inherently contradictory.

Well the whole "non-hierarchical free association" part precludes capitalism. But sure. At least I understand where you're coming from.
 
Well, in a more efficient system, more needs can be meet. Progressive taxation and a safety net ensure that the distribution isn't too unequal.

But inequality is pretty much baked into capitalism in the modern world. If everyone ran their own person business and therefore owned their own capital then sure, that could remove most inequality, but that's not reality nor is it really possible. To truly limit equality you'd need a combination of regulation and social visions where the end result would be a sort of bizarro market socialism anyway.

Giant Panda said:
Yes, but competition ensures that what is best for the company becomes what is best for consumers. Government has a role if competition is impossible, but currently it also is often the reason competition is harder/impossible.

That is the theory behind capitalism, yes. But real modern world capitalism on any real scale has a massive number of unavoidable distortions and inefficiencies compared to the ideal. People are not inherently 100% rational, perfect information is most certainly not true, there are costs, sometimes quite large, to entry and exit, and I could go on. Additionally, and noticeably missing from your statement, none of that talks about being best for the actual workers. The owners and consumers? Sure, but, again, we're not in a world where everyone can and will run their own personal business.
 
Well the whole "non-hierarchical free association" part precludes capitalism. But sure. At least I understand where you're coming from.
I don't see how that precludes capitalism. Workers working for people is a voluntary decision and is free association, and the worker retains the ultimate decision to quit working for this person at any time so I don't see that has hierarchical.

That is the theory behind capitalism, yes. But real modern world capitalism on any real scale has a massive number of unavoidable distortions and inefficiencies compared to the ideal. People are not inherently 100% rational, perfect information is most certainly not true, there are costs, sometimes quite large, to entry and exit, and I could go on. Additionally, and noticeably missing from your statement, none of that talks about being best for the actual workers. The owners and consumers? Sure, but, again, we're not in a world where everyone can and will run their own personal business.

First, yes perfect competition is impossible. But capitalism allows competition to get as close to perfect competition as possible, which makes it the most efficient. Also, workers are themselves consumers, so you have to be careful because if you help workers at the expense of consumers the workers might end up worse off on net.
 
I think what we have today isn't capitalism (this only pertains to the U.S. but may be applicable elsewhere). We have a form of Corporatism with a flavor of broken socialism. New regulations are less about protecting consumers and more about reducing overall competition and entrenching monopolies. Regulator capture has run it's course to the point where corporate profits don't shrink when economic indicators say they should. In addition we have sectors of our economy which have selective socialist elements, yet still have a "profit incentive". Medicare part D being the most egregious example of this, where the government is barred for "moral reason" of negotiating down drug prices... Essentially allowing Big Parma to extra billions from the tax-payers.

I think the reason a candidate who is OK with declaring his ideology stems from socialism is somewhat tenable (and thus sparking this debate) is due to the fact that the middle class in this country has seen their lives continue to degrade and no longer buy the trickle down economics, "just work really really hard", or that it's a merit based system. I myself believe in free-markets, but I don't believe this country has them anymore.
 
Since part of the hang-up here seems to be that it's "authoritarian" for socialist governments to ban private control of the means of production, I'd say it's just as "authoritarian" for private individuals to control the means of production when the only way for the masses to survive is to be subservient to them. And don't say "well you can start your own business!" because while that may be legally possible it's not feasible for the majority of people, and if everyone did that capitalism would fall apart immediately since capitalism requires an underclass to function. Capitalism literally cannot work if there are not workers being exploited by employers. Pretending that the employer-employee relationship is fair because employees can quit disregards the fact that they don't control capital and only have one thing to sell - their labor - or else they will starve to death. Meanwhile, while in theory workers could immediately bring an end to capitalism through one giant massive 100%-worldwide-solidarity-strike, in the real world employers can always find someone else to work for them or, if we continue down the path we're going down without any change, they can switch over to robots and just never need people to work for them at all again. This is why the only way the proletariat can make their lives better is through mass action, because by demonstrating that they are the ones who keep things running, they exercise the power that they do have over the capitalists. We just want them to have total power and overcome the parasite class completely.

The only difference in the authority here is who owns the means of production. In a proletarian democracy, the government - elected by the proletariat and working for the proletariat - makes sure that the proletariat remains in control of the means of production, while in a liberal democracy the government protects the property rights of the entrenched bourgeoisie. You can call it "authoritarian" but that doesn't make it bad; any sort of government action is by definition a form of authority. I'm not an anarchist and I do think a transitional socialist state would be necessary, so it doesn't bother me in the slightest that a government would ban private control of industry.
 
Again with this. Who decides when it "makes sense"? Who should be entrusted with this power? You? The government?

People keep saying that socialism doesn't mean super powerful government, and that it instead means the vague idea of super powerful "the people". Nobody has ever demonstrated how this could possible actually work in the real world. Hence why nobody has ever made it to "true socialism". Ever stopped to consider that maybe it just isn't possible?
It's not an either/or situation. We can do these kinds of projects without killing capitalism or whatever people are so afraid of:
Local governments should be helping cooperative businesses flourish. Co-ops are worker-owned (and/or consumer-owned) businesses which, by their very nature, keep wealth, resources, and well-paying jobs contained within the communities they reside. There should be all sorts of funding available to them, and public education should be teaching these kinds of alternative economic concepts. The co-op model bypasses the all too common, inhumane traps of capitalism.

Here's a YouTube playlist about a grocery co-op aimed at helping the struggling community of Greensboro, NC called Renaissance Community Co-op.
Capitalism alone, when left to its own devices, often leaves entire communities stranded, jobless, and hungry. Community-based businesses aren't about killing capitalism, they're about rebuilding the neighborhoods which capitalism refuses to serve, places they've decided to avoid based on the amount of profit they can achieve.
 
Since part of the hang-up here seems to be that it's "authoritarian" for socialist governments to ban private control of the means of production, I'd say it's just as "authoritarian" for private individuals to control the means of production when the only way for the masses to survive is to be subservient to them. And don't say "well you can start your own business!" because while that may be legally possible it's not feasible for the majority of people, and if everyone did that capitalism would fall apart immediately since capitalism requires an underclass to function. Capitalism literally cannot work if there are not workers being exploited by employers. Pretending that the employer-employee relationship is fair because employees can quit disregards the fact that they don't control capital and only have one thing to sell - their labor - or else they will starve to death. Meanwhile, while in theory workers could immediately bring an end to capitalism through one giant massive 100%-worldwide-solidarity-strike, in the real world employers can always find someone else to work for them or, if we continue down the path we're going down without any change, they can switch over to robots and just never need people to work for them at all again. This is why the only way the proletariat can make their lives better is through mass action, because by demonstrating that they are the ones who keep things running, they exercise the power that they do have over the capitalists. We just want them to have total power and overcome the parasite class completely.

The only difference in the authority here is who owns the means of production. In a proletarian democracy, the government - elected by the proletariat and working for the proletariat - makes sure that the proletariat remains in control of the means of production, while in a liberal democracy the government protects the property rights of the entrenched bourgeoisie. You can call it "authoritarian" but that doesn't make it bad; any sort of government action is by definition a form of authority. I'm not an anarchist and I do think a transitional socialist state would be necessary, so it doesn't bother me in the slightest that a government would ban private control of industry.

It goes even beyond this. Private ownership of anything and corporations themselves are all legal fictions enforced by a government or other source of power. There is nothing natural about them and they can only remain either through coercive force of some sort or convincing people they should exist. This is true regardless of if you think their existence is a positive, negative, or mixed thing.
 
Nay, broadly.

Capitalism is a progressive system vastly better than what came before, but is unsustainable and ultimately harmful. While capitalism's existence has actually done a lot of good to connect our economies and allow greater social mobility for many people, this system still relies upon hierarchies that benefit people on top to the detriment of people on the bottom.

While capitalism offers many important lessons and models for economics and politics, a socialistic system is better-able to provide for the material needs of its people. In addition, the rising trend of non-state bodies dominating politics due to sheer greed reveals a dangerous and intrinsic flaw in capitalism.
 
Yay.

Capitalism with a touch of socialism works best. Capitalism provided it is properly regulated, which has not been the case for about two decades, can work pretty well.
 
Yes, but competition ensures that what is best for the company becomes what is best for consumers. Government has a role if competition is impossible, but currently it also is often the reason competition is harder/impossible.

Fun fact: Thatcher fucked up the UK's internet infrastructure in the name of competition

I don't see how that precludes capitalism. Workers working for people is a voluntary decision and is free association, and the worker retains the ultimate decision to quit working for this person at any time so I don't see that has hierarchical.

Yeah no, this is assuming it's feasible for everyone to A) quit their job and still be able to afford food, rent and bills and B) then be able to find another job.

And going back to this:

Well, for public companies that have shareholders, each individual shareholder only gets provided a small % of profit because they provide only a small % of capital. In companies with only one owner, they get a lot of profit because they provide more of the capital. They get paid because if they didn't, they would never have provided capital to the workers, and then the workers would be stuck making no or very little wages.

Second, you should really look up why rent functions the way it does. It is a basic and important fact of human nature. If landlords weren't given rent, they wouldn't let tenants use apartments. If landlords didn't make the money from rent, then the demand for housing would be lower and the apartment complexes might not be built in the first place.

So your basic stance here is they deserve to gain money because they had money in the first place. I mean sure that's might be slightly reductive, but that is the basic concept of what you're saying.

And lol at the idea that there wouldn't be any demand for housing. That's like saying there wouldn't be any demand for fucking water. People need housing to live dood, dunno if you missed that. And it's not like social housing doesn't exist.
 
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