Originally posted by blarged
Hi this is my first thread regarding politics so excuse me if i lack some understanding.
Now i know there is a fair few advocates for socialism on ATS here, as well as capitalism. So i was hoping one of either (both stances would be preferable) would be able to answer a question i have. If anyone is wondering i don't really believe either system has the fix-it-all economic solution to our world. I am merely looking for the answers.
Believing that neither has all the answers is the most intelligent position in my opinion.
I have a flatmate who is a bit of a socialist veteran and has been researching it intensively for years. He has many, many books on it. He believes that Capitalism is a heavily flawed system and that it will soon fall.
I think this garbage system will fail because everything is screwed up... I also think 5 Billion people
shoveling all their money to 1,000 people is not a recipe for success. But I wouldn't blame that on
capitalism, or socialism, it is just that the world rewards corruption and wealth with extra benefits
that eventually compound into more and more corruption and consolidation of power AKA money.
He believes that it will fall because it has a need to constantly expand. I asked him why this would happen and he says that 'this is a world of finite people and finite resources and that this constant expansion will inevitably be its downfall. It will all fall when theres no more room to expand'
Well, I think capitalism is the natural war to opporate in the world. It is how you give and take
and it is symbolic of the work process (you give to receive, like you plant seeds and get food
in return) so I think it will always be the back bone of any system, but it is also very susceptible to
corruption because it is based upon competition. As we all know, many will try to win at all
costs, on such a large scale, it is hard to detect or effect large scale corrupt, manipulation and
criminality. This current system might fail when people get tired of the cheating, or when the
uber wealthy dicide to depopulate the Earth.
This confuses me greatly... I always figured that corporations and companies can only exist if there is a market for their products or services. Therefore I believe that they could only expand themselves if the market and demand for their products/services increased. And if the market does increase, then within the company; profits, wages and product value should increase also. If there is no increase in profits then there wouldnt be expansion right? And when profits begin to decline then so does the company.
The laws of supply and demand are complete BS in my opinion... They can explain somethings
but they do not explain everything and they complete fail explaining other things. It is the WORST
part of capitalism, people believe in it like it was a religion.
Inside the company you are mentioning above, you ASSUME that "wages and product value" are
actually of any concern to management. I think raising wages is probably not in the benefit of
many companies because that means management gets smaller bonuses. Raising wages is
only a good thing when you need to retain employees, or if you are not so concerned about profits.
In America, the top (imagine a company) of the citizenry are getting massively more wealthy,
while the bottom earns less and less. Meanwhile prices go up and up, which is why the top is
getting more and more wealthy. In theory prices should fall when the majority of people are living
on less, but here in America the opposite is true. Because the theory is a big pile of bull
So why is expansion a bad thing?
Well it's bad when it actually starts hurting the Earth or the people who inhabit it. If profit motive
makes people go hungry it is bad (for them) and good for the rich bastards who concocted the
Why and how is it always expanding even when profits go down?
Because many businesses will go to China and employ slave labor to maintain over all
profitability. But this undermines the host population which creates more contraction of
the bottom economic rungs. then businesses FORCE people to accept less and less and less
because there is no other option.
And what the hell is this expansion limit thats supposed to destroy capitalism worldwide forever? Exactly what happens within the economy when this limit is hit? Apparently this is the view of a lot of Socialists and 'Great Thinkers' have, so i figured somebody here could answer my question. Pro Capitalists are welcome to answer too. Thanks
That is crazy in my opinion, capitalism is a good force when it is not destroying people mindlessly.
I think naked capitalism should be employed in small endeavors and democratic control should be used on
large industries with life essentials.
edit on 4-3-2012 by mastahunta because: (no reason given)