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Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes
I presented to you Wolff's argument. And according to his argument, if capitalism is flawed then so too is socialism.
Your response is to quote me but argue something else. Something else that is false and makes little sense. For if capitalism overproduces then so too does socialism for it is based on the same model. The only economic model that doesn't overproduce is the traditional model prevalent prior to mercantilism.
Then you invent a strawman for what I have argued somewhere sometime else. I have not argued cooperative models, whatever those may be. I have from time to time pointed out that competition entails cooperation: In markets, just as in sports you must cooperate in order to compete in the game. Something wholly different than your strawman.
Since you have no argument with Wolff or me, I take it you agree with my argument.
Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler
"Don't piss down my back and tell me it's raining"----Fletcher in The Outlaw Josey Wales
nathanbforrest45 (07-23-2019)
"Capitalism" does not over produce. Manufacturers of various products may over produce but those companies soon go out of business, to be replaced by more efficient units. Furthermore, capitalism does not require "government" to survive, in fact its the exact opposite. Capitalism does require, what any society requires, a stable environment, free from interference by whim of the looters. Under a truly capitalist system monopolies can never develop for long because there will always be alternatives if its a truly free market. It is only under socialism and government ownership that competition, and therefore alternatives, is forbidden.
I cannot understand why any man would willingly sell himself into the bondage of the collective. As for me, like John Galt: I shall live for no man, and I shall ask for no man to live for me
Indeed, that is a major difference between capitalism and socialism that Dr. Who's Professor Wolff does not address. Under capitalism the capital and profits are owned and managed by private owners who make decisions best for their interests, while under socialism the capital and profits are owned and managed by the collective who for the history of mankind and always delegated authority to a few, the State.
Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler
Dr. Who (07-28-2019)