Yeah - Capitalism

originally posted by: Semicollegiate

Growth is not a requirement of capitalism. Replacement of capital goods is a cost of long term operation.

Growth is a requirement of capitalism because the capital used in businesses come from profit. In fact, both capital goods and replacement of the same are gained from profit.

Capitalism means that all action is voluntary, because each individual owns, and therefore controls, his/her body and property.

Capitalism requires laws, etc., especially to legitimize private property. None of these are received voluntarily.

The price system is the only way to determine, equally across all of society, what is scarce and what is abundant. Each individual can make appropriate decisions for his/her self based on that information.

It does not because credit can be created easily. That's why the global unregulated derivatives market has a notional value of over a quadrillion dollars, many times greater than the global economy itself.

The determinant of scarcity is energy return. That's even crude oil production has not been able to increase even with a tripling of oil prices and a doubling of capital expenditures.

Diminishing resources become motivation to seek alternatives, and the warning comes sooner through the price system.

That doesn't mean that alternatives are available. That's why the global economy is now forced to use U.S. shale oil, which has low energy returns.

originally posted by: xuenchen
a reply to: monkeyluv

Then how does Socialism survive given diminishing resources ?

[ Gulp ]

It cuts down on middle class conveniences and even some basic needs.

originally posted by: Semicollegiate
In a truly capitalist system there would be no top. There would be no reason for it. The government produces nothing.
The consumer decides who gets the business, buy purchasing, and therefore has control over the system. Consumerism is the most democratic way.

The top will always be controlled by plutocrats. The average person can not stay near the top, by definition of the top.

Actually, there would, as capitalism leads to concentration of wealth among fewer people. In fact, that's happening right now.

Also, the consumer ultimately doesn't decide, as the credit that he uses and the goods and services that he pays for using the same credit come from the same mega-corporations.

originally posted by: Semicollegiate

Capitalism is voluntary activity. It needs no more natural resources than any other system does.

Actually, it does. That's why the richest economies in the world also have some of the highest resource consumption rates per capita compared to the global average.

... and provides more using those resources and money than any other ism.

What it provides most of all is credit, which it can create readily. Much of credit consists of numbers in hard drives.

Fools and beneficiaries think that taking is the same as making.

That's actually the main activity of those who are at the top of capitalism. That's why the most powerful businesses in the global economy are financial corporations.

Actually the leaders constantly act to prevent Capitalism by restricting freedom of action and taxing real production. In the 1920's, the standard of living would have increased evenly through out society because of deflation. However, the FED kept prices high through inflation, in the name of price stabilization, and ultimately caused the Great Depression.

They actually do the opposite, as much of credit used by the government comes from the financial elite. That's also why the government readily bailed out Wall Street. Also, the Fed is not a government institution but a private consortium of commercial banks that works independently of the government.

The Great Depression is blamed on Capitalism. That lie is typical and necessary in the anti-Capitalistic ideology or "religion".

That should be the case. It is highly unlikely that those who oppose capitalism are to blame.

Deflation is not bad in itself. It means that the price of everything is decreasing. Most, if not all, of the 1800s and the Industrial Revolution in America happened in deflation.

Income also goes down, and unemployment and other effects of lower prices take place.

Yes, the younger generation has been propagandized into our proto-socialistic mush minded outlook for at least 100 years.

Current conditioning of the youth is based on the opposite: consumerism. That's one of the reasons why much of various economies are dependent on consumer spending.

That is how you did it.

Eventually the truth becomes known and then Capitalism will be the only way of economics.

Actually, this truth has been known for decades. The catch are the problems raised in my previous posts.

If wishes were horses, dreamers would ride like kings.

That has been the case given the American dream, which is now falling apart.

Capitalism is the natural way of creation of enterprises. Enterprise drive a healthy economy.

Just payment for work is at the center of economic theory. The deficiency of socialism is that it normalizes payment for a cetegory of workers, not recognizing the contribution of individual. This is the primary reason socialist systems have high discontent and so have failed.

The Vedic economy is capitalist economy, with strong moral guidance and operating under Vedic laws.

The Western capitalism is inherently immoral as its foundation is based on excessive taxation, inequality, and many degenerate practices like profiteering from intoxicating substances.

The Western capitalism is destroying the planet's ecosystem and will fail too.

originally posted by: GargIndia
Capitalism is the natural way of creation of enterprises. Enterprise drive a healthy economy.

Just payment for work is at the center of economic theory. The deficiency of socialism is that it normalizes payment for a cetegory of workers, not recognizing the contribution of individual. This is the primary reason socialist systems have high discontent and so have failed.

The Vedic economy is capitalist economy, with strong moral guidance and operating under Vedic laws.

The Western capitalism is inherently immoral as its foundation is based on excessive taxation, inequality, and many degenerate practices like profiteering from intoxicating substances.

The Western capitalism is destroying the planet's ecosystem and will fail too.

Capitalism is not natural because it requires private property (which is made possible through laws), and given increasing complexity, credit.

a reply to: Semicollegiate

You sound like a banker reading prepared statements to justify your bail out.

How you can say capitalism is a natural process is beyond me, have you been living in a cave over this financial crisis?

Greed plays a huge part in todays capitalist society, corporations and individuals require never ending profits and resources to make the system work. Not everyone can benefit from this system, it has never been proven that it is possible from its invention that capitalism works for the majority, it is only a theory at best and fable at worst.

originally posted by: NavyDoc

originally posted by: redeyeblue
a reply to: NavyDoc
Yes it seems contradictory but we all need to survive and live, I just happen to be good at what I do within a system which we all have to work in. It does not mean I agree with the system even though I profit from it, I would gladly give up most of what I have if it would end poverty or hunger in the world, I know this would never happen though so I play the game like everyone else. The entire monetary system needs shredding and reinvented in my opinion before we can help EVERYONE on this planet.

You can give everything you have beyond what you need to survive right now. Isn't saying "I'm waiting until everyone gets covered all at once" a bit of a copout?

No it is not.

Giving everything I have away would not solve anything. It needs a collective push from countries, corporations and individuals to make a difference. Pissing against the wind springs to mind.

You do not know me or what I do for others, you imply that I should somehow give my wealth away to cement my beliefs which is nonsense. If you are really a navy doc then I could easily be critical of you, and say you should do your job without salary if you really wish to help people, but again that is just being ridiculous in todays society.

The absolute is a World of abundance, so Capitalism can only desire to capitalize the weak B..aah B..aah many shades of sheep have you any wool yes MR n MRs Miss n he /she civil partnerships PC capital who lives in every lane and starts wars to maim and drive insane, to put in a sovereign bank,,,, the things they say are world bank so IMF its unbelievable........