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Originally posted by neo96
The only economic system that has lifted millions out of poverty is capitalism giving each one the chance to become their own masters.
Versus communists where you will live a lifetime in poverty with only ever being a slave.
The choice is quite clear and those who rewrite that fact well they know that is true.
Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. ~ Abraham Lincoln
Originally posted by JanAmosComenius
I'll repeat it ones again: Current stage of capitalism is not some "socialistic deformation" but consequence of unlimited accumulation of capital in private hands.
Native American Money
The history of Native American money is a fascinating one. Many American Indians had quite sophisticated forms of trade and currency, whereas other tribes, such as the Inca in Peru, managed to develop a complex and advanced civilization without money. Native American money could involve something that has value in all cultures, such as the Aztec’s gold dust, or something that is valued in by a particular civilization, such as Mayan coffee beans.
One interesting feature of Native American money is how something which seems to have relatively little value beyond the context of Native American life and culture can in the end become quite valuable. For instance, many Indians in North America used wampum for Native American money. Wampum consists of clam shells and was initially used by coastal tribes, until the use of wampum spread throughout the continent and was store by the Iroquois, which was one of the most prosperous and powerful tribes.
Originally posted by Darkrunner
I've watched Bezmenov"s videos before and always found them fascinating. Especially when he talks about how the Soviet Union directly confronting the US in a war would be too costly in terms of money and manpower, and that it would be more cost effective to simply infiltrate the educational systems and media of your enemy.
And then I look around at all the left wing nutjobs in "academia" and the media, and I say to myself "We can't say we weren't warned."
an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies.
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.
A free market is a market where prices are determined by supply and demand. Free markets contrast with controlled markets in which prices, supply or demand is directly controlled. Various economic theories require specific properties of free markets, for example, a perfect market with perfect information and perfect competition. Regulation which does not affect these specific properties can be in place without disqualifying the market as free under supply and demand.
Although free-markets are commonly associated with capitalism today, free markets have been advocated by socialists and have been included in various proposals for market socialism where market allocation of capital is combined with self management in enterprises, and employee-owned cooperatives or publicly-owned enterprises operate in free markets.
Capitalism is generally considered to be a philosophy of economic systems that favors private ownership of the means of production, creation of goods or services for profit or income by individuals or corporations, competitive markets, voluntary exchange, wage labor, capital accumulation, and personal finance.
Originally posted by JanAmosComenius
Read Noreen Hertz: "The Silent Takeover: Global Capitalism and The Death of Democracy". This girl worked on it in Russia, she know about what she is talking.
Originally posted by Kali74
... Furthermore, why do we insist on calling things that they are not? How can Cuba be Communist when it is a dictatorship? How can the US be a representative democracy when it is Corporatist?
A cooperative ("coop"), co-operative ("co-op"), or coöperative ("coöp") is an autonomous association of persons who voluntarily cooperate for their mutual social, economic, and cultural benefit. Cooperatives include non-profit community organizations and businesses that are owned and managed by the people who use its services (a consumer cooperative) and/or by the people who work there (a worker cooperative)
Democratising Global Governance:
The Challenges of the World Social Forum
This paper sums up the debate that took place during the two round tables organized by UNESCO within the first World Social Forum in Porto Alegre (25/30 January 2001). It starts with a discussion of national processes, by examining democracy and then governance at the national level. It first states a case for a "joint" governance based on a combination of stakeholder theory, which is derived from corporate governance, and of UNESCO's priorities in the field of governance. As an example, the paper investigates how governance can deviate from democracy in the East Asian model. Subsequently, the global dimension of the debate on democracy and governance is examined, first by identification of the characteristics and agents of democracy in the global setting, and then by allusion to the difficulties of transposing governance to the global level.
The governments of Europe, the United States, and Japan are unlikely to negotiate a social-democratic pattern of globalization – unless their hands are forced by a popular movement or a catastrophe, such as another Great Depression or ecological disaster
Germany looks like a bright exception to the dispiriting rule among developed economies. True, its economy contracted more than those of most rich countries during the 2008-09 world recession (see chart 1). But the jobless rate rose by less than in all the others, peaking at 7.9%. And nobody talks about downgrading Germany’s AAA credit rating; it can borrow money for practically nothing.