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What Capitalism Isn't

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posted on Jul, 22 2010 @ 12:03 PM
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[Snip]

Capitalism does not involve a private central bank setting interest rates.

Capitalism does not involve a private central bank adjusting the money supply.

Capitalism does not involve a system of fiat currency that requires legal tender laws to make people use it.

Capitalism does not involve protection for lenders, such as commercial bank bailouts.

Capitalism does not involve protections for investors, such as FDIC deposit insurance or investment firm bailouts.

Capitalism does not involve a government responsible for spending 40% of the nations GDP.

Capitalism does not involve massive amounts of regulations on business.

Capitalism does not involve government subsidies to certain industries.

Capitalism does not involve government contracts with corporations.

Capitalism does not involve using tax payer dollars to clean up private corporate disasters.

Capitalism does not involve government buying up the majority of resource rich land, then leasing that land out to favored corporations, such as major oil producers and mining corporations.

Capitalism does not involve restrictions on private property owners being able to harvest resources from the land they own.

Capitalism does not involve tax payer backed mortgage firms.

Capitalism does not involve a massive military industrial complex that makes all of its profits from tax dollars, unwillingly taken from the public.

Capitalism does not involve government seizing private property through eminent domain and then handing that land to private developers.

Capitalism does not involve government creating jobs.

Capitalism does not involve taxes on money (real money, such as gold and silver).

Capitalism does not involve corporate lobbying for government contracts, kickbacks, tax breaks, subsidies, favorable regulations, regulations that hinder competition, regulations that hinder startups from competing, or any other government involvement in industry.

Capitalism does not involve forcible redistribution of wealth.

Capitalism does not involve a heavy progressive income tax on people's labor.

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What does capitalism involve?

Protection of private property rights, where a person can use their property as they see fit.

Protection of private property rights, where a person gets to keep what they produce (money).

Protection of private contracts, where people are free to negotiate voluntary contracts with each other and have the courts uphold those contracts.

Free markets, where people can voluntarily exchange goods and services with each other as they see fit.

Protection of money's value, where those who counterfeit and artificially inflate the money supply are charged with a crime, rather than be rewarded with profits.

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“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”
-Benito Mussolini, author of The Doctrine of Fascism, Italian Fascist Dictator (Duce) 1943 – 1945

"The theory of Communism may be summed up in one sentence: Abolish all private property. "
-Karl Marx, author of the Communist Manifesto



[edit on 22-7-2010 by mnemeth1]

[edit on 7/24/2010 by defcon5]




posted on Jul, 22 2010 @ 12:15 PM
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Spoken like a true Austrian



posted on Jul, 22 2010 @ 12:34 PM
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Capitalism is about making bank, by any means necessary.
Acquisition of tangible and non tangible assets of all forms, is the driving force, and practically nothing can stand in it's way, once the economy depends on it.
That includes reacquiring the assets of those that have been employed by the same system, again, by any means necessary.
Just try to remove yourself from the system and see how far you get.
A viscous cycle.



posted on Jul, 22 2010 @ 12:35 PM
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reply to post by reticledc
 





posted on Jul, 22 2010 @ 01:01 PM
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Excellent post!

People who deride capitalism do not understand it. They confuse capitalism with our current crony-ism system. They complain that capitalism is killing the world but forget that we don't even have a capitalist system.

Star and flag for you!



posted on Jul, 22 2010 @ 02:34 PM
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reply to post by spaznational
 


No one understand capitalism because they were all educated in public schools by communists.



posted on Jul, 22 2010 @ 02:41 PM
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Good stuff.

We are far removed from capitalism and we need to stop listening to communists like Michael Moore.



posted on Jul, 22 2010 @ 02:41 PM
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Originally posted by mnemeth1
No one understand capitalism because they were all educated in public schools by communists.


We misinform them about Capitalism, making it look like something bad, so that they stay away from it so that there is less competition up here.



posted on Jul, 22 2010 @ 02:56 PM
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reply to post by mnemeth1
 


Mnemeth,

For so much time you have argued with me protecting our current system of Capitalism. I argue for a more compassionate model that allows people the freedom to organize the best way they can to create wealth, without interference by government. However, in this post you just vindicate yourself in my eyes. I expect in future posts you clarify those who speak of Capitalism in a negative light, by inserting after each post, that our current system is not Capitalism, it is Corporatism.

The same is true about many arguing for Socialism. Some believe socialism takes from others to give to someone else. In my mind it does not have to be that way; however, that is the way most governments have designed it.

So the next time anyone argues for Capitalism, against Capitalism, for Socialism, or against Socialism...it is important to hear what they are wishing for themselves. Most on both sides simply want freedom and the right to be secure. There is no need to divide ourselves over an ideology or method that has been defined within a box of the status quo.

[edit on 22-7-2010 by ExPostFacto]



posted on Jul, 22 2010 @ 03:15 PM
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reply to post by ExPostFacto
 


compassion does not involve violence.



posted on Jul, 22 2010 @ 03:27 PM
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Excellent Post and thread.

Socialism hungry bungholes just need to look across the pond to see how it has made people slaves and dependent on the government to provide for them at every corner. And if the government just fails to do just that, just look at them turn on their own. Just look at our government that has people up in arms over food stamps, government welfare cards, government issued cell phones (WTH, I just saw this the other day), gov subsidized housing...

All I want is to be left alone and provide for myself & my own. I don't want to pay for the ponzi schemes as Social Sec & the scam coming in the form of the HCR.



posted on Jul, 22 2010 @ 03:33 PM
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Capitalism is the acquisition of capital, be that land, property industry and of course money. Capitalism no operates on a global scale, the once small capitalist now is a multi national capitalist who has established corporations. As we now know corporations are more powerful than sovereign states. Capitalism has now grown so large that as well as having acquired land, propert, industry and all the money Capitalism has been able to infiltrate government for the benefits of helping capitalists gain more capital.



posted on Jul, 22 2010 @ 03:33 PM
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dp]

[edit on 22-7-2010 by woodwardjnr]



posted on Jul, 22 2010 @ 03:53 PM
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reply to post by woodwardjnr
 


err... no.

I thought my post was pretty clear.

The term "capitalism" comes about from the use of "capital" (money) used to facilitate trade transactions and the use of "capital" (savings) and "capital" (goods) to engage in investment and production.

Markets came about from trade. People would trade things they had produced or collected for other things that other people had produced or collected.

For example a farmer might have traded corn with a hunter for deer meat.

Such trades are called barter, the trading of one resource for another.

Capitalism arose when people began to use a commodity to get around the double coincidence of wants.

The farmer would trade the corn for gold, and then trade the gold for the deer meat.

This way the hunter and the farmer could trade even if the hunter didn't want corn at the moment, since the hunter could always trade the gold for something else later.

Thus capitalism was born.

That little story is the nature and extent of capitalism.



[edit on 22-7-2010 by mnemeth1]



posted on Jul, 22 2010 @ 04:14 PM
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Originally posted by mnemeth1
reply to post by spaznational
 


No one understand capitalism because they were all educated in public schools by communists.


Is that you, McCarthy?

I didn't realize you were still around.



posted on Jul, 22 2010 @ 04:28 PM
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reply to post by drwizardphd
 


No, I'm the Safe Schools Czar.



posted on Jul, 22 2010 @ 04:30 PM
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Thank you OP.

Capitalism is a voluntary, consenting exchange of goods between two parties, for their own mutual benefit without the outside threat of force.

Everything else is just a fancy word for the Central Planning Board or Supreme Dictator.

There is no country in the world that practices capitalism. All economies are centrally planned and regulated. It's amazing to me that economic model that doesn't exist in practice is blamed for the ills of the world




Fundamentally, there are only two ways of coordinating the economic activities of millions. One is central direction involving the use of coercion – the technique of the army and of the modern totalitarian state. The other is voluntary cooperation of individuals – the technique of the marketplace. – Milton Friedman



capitalism is an economic system rationally planned by the combined, self-interested efforts of all who participate in it. The failure of socialism results from the fact that it represents not economic planning, but the destruction of economic planning, which exists only under capitalism and the price system.



The man who produces while others dispose of his product is a slave. – Ayn Rand



Depressions and mass unemployment are not caused by the free market but by government interference in the economy. – Ludwig von Mises



posted on Jul, 22 2010 @ 04:33 PM
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reply to post by METACOMET
 


Sir, lets not get carried away here.

Quoting Mises and Rand is a capital offense in 45 countries, including Amerika.

See what I did dar?



posted on Jul, 22 2010 @ 04:35 PM
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oh btw, capitalism doesn't involve Czars either.



posted on Jul, 22 2010 @ 04:48 PM
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reply to post by mnemeth1
 


I must retrack my statement I made commending you. Apparently you still support the current structure of Capitalism in this country. Until you realize even if you remove all social programs from our current system, you would not attain a true Capitalist marketplace--until then you are arguing for Corporatism. Support the corporations, say that instead of support Capitalism.



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