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Thread: Five myths about capitalism

  1. #21
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    Quote Originally Posted by Chris View Post
    And I simply pointed out, what you choose to ignore, that it was capitalism that provided the funding for each of "education, welfare/productive asset transfer, health education and services, skills training and savings programs."

    What other economic system exists or is advocated but socialism? Mecantilism? Barter? Theft?
    I was speaking to the frequent condemnation of "wealth redistribution" and virtually any and all social programs as if they are responsible for the downfall of nations, rather than factors promoting the economic prosperity of nations.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
    Mahatma Gandhi

  2. #22
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    Quote Originally Posted by Chris View Post
    As I have shown, the same miserable conditions for coal miners existed under all economic systems. It cannot, therefore, be attributed to economic system. It is some other factor external to that, to politics, to how the powerful and the wealthy, in any system, collude to screw over the working man. That's deplorable, but not the fault of any economic system.


    No one has claimed that capiltaism is perfect or optimal.
    Suggesting that economic/political systems aren't dependent and influential on the other and that similar outcomes between systems can rule out each system's impact on those conditions is illogical.

    ok
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    Quote Originally Posted by Dr. Who View Post
    I was speaking to the frequent condemnation of "wealth redistribution" and virtually any and all social programs as if they are responsible for the downfall of nations, rather than factors promoting the economic prosperity of nations.
    And I repeat, the wealth that is redistributed has to come from somewhere. It doesn't grow on trees. It must be produced, generated, created before it's redistributed to your social programs. That is through capitalism.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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    Quote Originally Posted by Captain Obvious View Post
    Suggesting that economic/political systems aren't dependent and influential on the other and that similar outcomes between systems can rule out each system's impact on those conditions is illogical.

    ok

    Well, then, I'll leave it to you to explain how both capitalism and socialism lead to the misery of coal miners.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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    Quote Originally Posted by Chris View Post
    That is capitalism? How? It seems to me you're picking out bad things in this world and arbitrarily associating capitalism with it.
    Perhaps he is pointing out the problems with unfettered capitalism i.e. the lack of regulations that permit the irresponsible and even criminal behavior of some businesses in the pursuit of economic success for the few, at the expense of the many. I would not rely on the conscientious behavior of most capitalists particularly in view of their history before regulation.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



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    Quote Originally Posted by Dr. Who View Post
    Perhaps he is pointing out the problems with unfettered capitalism i.e. the lack of regulations that permit the irresponsible and even criminal behavior of some businesses in the pursuit of economic success for the few, at the expense of the many. I would not rely on the conscientious behavior of most capitalists particularly in view of their history before regulation.
    And yet the same conditions exist under socialism.

    "lack of regulations that permit the irresponsible and even criminal behavior" are not economics.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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    Quote Originally Posted by Chris View Post
    Well, then, I'll leave it to you to explain how both capitalism and socialism lead to the misery of coal miners.
    I did already, several times.

    Human nature. The systems humans operate in are merely tools to achieve the objective of a privileged few at the expense of the majority. Been that way since the dawn of time and isn't going to change any time soon.
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    Quote Originally Posted by Chris View Post
    And I repeat, the wealth that is redistributed has to come from somewhere. It doesn't grow on trees. It must be produced, generated, created before it's redistributed to your social programs. That is through capitalism.
    I didn't say it wasn't, but by itself and without any social conscience, significant poverty remains a fixture in society. Studies have proven that people who are extremely poor are generally incapable of improving their circumstances because they are nutritionally deprived, weak, sickly, and uneducated. Some of that wealth has to be redistributed for the sake of a healthy and stable society.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



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    Quote Originally Posted by Chris View Post
    And yet the same conditions exist under socialism.

    "lack of regulations that permit the irresponsible and even criminal behavior" are not economics.
    Economics does not exist in a social vacuum.
    In quoting my post, you affirm and agree that you have not been goaded, provoked, emotionally manipulated or otherwise coerced into responding.



    "The difference between what we do and what we are capable of doing would suffice to solve most of the world’s problems.”
    Mahatma Gandhi

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    Quote Originally Posted by Dr. Who View Post
    Economics does not exist in a social vacuum.
    Of course not. But lack of regulations that permit the irresponsible and even criminal behavior" usually fall under the category of law and politics.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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