Capitalism?

Good Bad or none of the above??

I'm not talking about the nonexistant mythical Free Market Economy
just Capitalism in theory.

voiceofreason wrote:

Good Bad or none of the above??

I'm not talking about the nonexistant mythical Free Market Economy just Capitalism in theory.

I'm not really sure where you are trying to go with this, but I'll bite....

Capitalism, in its theory and intent's, is good. To have capitalism, there must be capitalists. If there are capitalists, then there is ownership of a product, good, service, property, etc. If there is ownership, then there are decisions being made by the capitalist, as opposed to some outside entity.

Some would say that there is a moral problem with capitalism, in that some people will inherently fail, make mistakes, fall hard, etc. The problem being that capitalism puts the burden, or the responsibility of ownership, on the individual, creating an opportunity to fail if a wrong choice is made. However, I don't agree that this is a problem, or anything other than a consequence for an action.

I have made poor decisions, and paid for them. I lost a home, that I SHOULD have sold three years ago. I have made good decisions as well, and greatly benefited from them. I had an extra vehicle once, a 94' Wrangler, damn I miss it, but anyway.... Out of the blue, I decided to pay it off a little quicker than the terms of the loan. Long story short, several months after I paid it off, we got slow at work, and I sold it, damn I miss it. I was able to sell it for exactly enough to make my other financial obligations.

Capitalism allows me to make my decisions, to plow my row, to do things my way, whether I fail or not. I'm not one to blame anyone for anything I have or haven't done. I also am not jealous if Joe Blow down the road is rollin in 20 billion dollars. I have no right to anything he has done, inherited, earned, etc.

Just my .02, as you were gentlemen......

Not really trying to go anywhere Will... I've given this considerable thought lately
and really am interested in reasons for supporting or opposing Capitalism...

Capitalism is the opposite of socialism, therefore capitalism is GOOD! "Capitalism is a social system based on the principle of individual rights."

http://www.capitalism.org/

Capitalism is simply following the natural order of humanity. Grow, manufacture, or otherwise add value to raw materials and profit by selling to or bartering with others for their products, all done of your own accord, at your own pace. The capital raised from these interactions can then be used to grow existing ventures or start others where there is a need or want. Everyone with any ambition can be successful and those without ambition? Well...root or die, hog. No need to keep them around if they aren't willing to help themselves.

To me capitalism means progress, in socialism there really is no incentive to improve or get better. I would love to see a system of true capitalism. I think true capitalism involves volunatarily taking care of the less than forunate. Not forced upon us by the goverment. Basically I think we could have pretty close to true capitalism if we had very small taxes and entitlement programs were gotten rid of, and all welfare was left to private organizations who would be better able to provide for those who are truely needing.

You're only poor in America if you're lazy or didn't stay in school.

voiceofreason wrote:

http://www.cbsnews.com/stories/2011/03/29/eveningnews/main20048532.shtml?tag=cbsnewsTwoColUpperPromoArea

I hope you are not ignorant enough to be suggesting there is more than the slimmest sliver of capitalism in the health care market.

voiceofreason wrote:

https://www.youtube.com/watch?v=DiKoFzS_lXs&feature=player_embedded

Wall Street is NOT an example of capitalism, is the utopia of crony-capitalism! Which ironically has been getting BILLIONS in bailout funds from the CURRENT regime. Wait, I bet you think Obama is a capitalist.

proutdoors wrote:

voiceofreason wrote:

https://www.youtube.com/watch?v=DiKoFzS_lXs&feature=player_embedded

Wall Street is NOT an example of capitalism, is the utopia of crony-capitalism! Which ironically has been getting BILLIONS in bailout funds from the CURRENT regime. Wait, I bet you think Obama is a capitalist.

Alright here is my rant and pleae don't hesitate in flaming me up, it's going to be a great weekend.

Capitalism at it's foundation is a good concept. As it applies to a Christian society like we all profess the U.S.of A to be it directly is an afront to a couple of the seven deadly sins. Greed, Pride, Envy and Gluttony. Right wrong or indifferent the goal of Capitalism is the accumulations of items. Be it Money, Goods, Land or whatever.

Time and time again we see how those that have very weak moral fiber have the propensity to value "things, wealth, and fame" more than what our Christian
standards would counsel.

The link above of the drug company that lost it's direct competitors for a short time and incresed their drug cost from $15.00 per dose to $1500.00 per dose is one example. In circumstances like this, especially if we all profess to follow the teachings of whatever you consider your Saviour, is the moral dilemna I have
with Capitalism.

Getting back to Bart's quote above. Bailouts?? Aren't all Corporations continually bailed out through tax incentives that most Taxpers are not privvy to?? Aren't most at the top of the food chain so independent that they have
no need for the bottom wrungs of the ladder??

I'll ask again as a Country that professes to believe in a "Higher Power" of whatever religion you follow, is a moderate approach to wealth unwise to expect??

voiceofreason wrote:

proutdoors wrote:

voiceofreason wrote:

https://www.youtube.com/watch?v=DiKoFzS_lXs&feature=player_embedded

Wall Street is NOT an example of capitalism, is the utopia of crony-capitalism! Which ironically has been getting BILLIONS in bailout funds from the CURRENT regime. Wait, I bet you think Obama is a capitalist.

Alright here is my rant and pleae don't hesitate in flaming me up, it's going to be a great weekend.

Capitalism at it's foundation is a good concept. As it applies to a Christian society like we all profess the U.S.of A to be it directly is an afront to a couple of the seven deadly sins. Greed, Pride, Envy and Gluttony. Right wrong or indifferent the goal of Capitalism is the accumulations of items. Be it Money, Goods, Land or whatever.

Time and time again we see how those that have very weak moral fiber have the propensity to value "things, wealth, and fame" more than what our Christian
standards would counsel.

The link above of the drug company that lost it's direct competitors for a short time and incresed their drug cost from $15.00 per dose to $1500.00 per dose is one example. In circumstances like this, especially if we all profess to follow the teachings of whatever you consider your Saviour, is the moral dilemna I have
with Capitalism.

Getting back to Bart's quote above. Bailouts?? Aren't all Corporations continually bailed out through tax incentives that most Taxpers are not privvy to?? Aren't most at the top of the food chain so independent that they have
no need for the bottom wrungs of the ladder??

I'll ask again as a Country that professes to believe in a "Higher Power" of whatever religion you follow, is a moderate approach to wealth unwise to expect??

So you've taken a vow of poverty?

Capitalism is NOT about accumulating great amounts of wealth, but rather it is about VALUE EXCHANGE.

Will is correct, placing people's vices/weaknesses on capitalism is nonsense are based on ignorance. This suggests people wouldn't have such vices if capitalism didn't exist. This is part of the socialism utopia that so many well intended pinheads fall for.