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| jamiemartin721 |
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Quote Johnny Eagles at 14 Aug 2015 11.54am
Quote Stirlingsays at 14 Aug 2015 11.42am
Quote Johnny Eagles at 14 Aug 2015 10.53am
Oh please. We're all against war, poverty and injustice. That is not an anti-capitalist position. Monopoly, oligopoly, corruption, price-fixing, cartels, graft, kleptocracy, these are a bigger cause of the stuff you mention than capitalism. That and, say, trade barriers erected by the likes of, er, the European Union which likes to protect its comfortable left-wing middle class from genuine competition.
The very fact that state regulation of the banking sector was heavily relaxed led to a disaster that still threatens the world even now. Capitalism without regulation 'eats itself'.....That is recognised by many economists. Pure self interest ends up drawing up the very ladder that supports itself. The state doesn't need to run the economy as such.....But it definitely needs to assert the rules by which it can operate......And punish actions that endanger it. What worked out well in 2008? The pre-2008 'heavily relaxed' financial regulation is not a good example of a free market. Governments were in the financial crisis up to their eyeballs. Who encouraged home-ownership among people who couldn't afford mortgages? Who guaranteed deposits up to a hundred grand? Out of the "heads we win, tails you lose" bets made by big banks, who fulfilled the "tails you lose" bit? "Pure self-interest" can either support the market economy (cf. Adam Smith) or it can work against it (eg, price-fixing and monopolies). Capitalism, defined as "people interacting in a market economy" does not "eat itself". It's greed, corruption and graft that eats up all the good stuff. The alternative, a planned economy, tends to encourage those things to the detriment of everyone. Actually I think you hit the nail on the head with the last paragraph, systems that rely on individual good judgement, personal ethics and individual morality are doomed to failure and exploitation. Abuses of capitalism don't occur because of capitalism (similarly for socialism) but because of the convenience by which you can justify those abuses, or disguise them. I've always believed that the best system lies somewhere between capitalism and socialism, where in the production of profit and wealth is curtailed by the necessity and benefit of all parties involved (ie that in return for cheaper child labour in the third world, those same companies should be spending a fix share of the profit generated on providing those same children with a western education - I've long be a fan of the approach of the John Lewis partnership towards its employees). Rather than maybe spending most of it on advertising, marketing, branding and sponsorship.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| jamiemartin721 |
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Quote Hoof Hearted at 14 Aug 2015 11.10am
Quote Johnny Eagles at 14 Aug 2015 10.53am
Quote jamiemartin721 at 14 Aug 2015 10.13am
Quote Johnny Eagles at 14 Aug 2015 10.03am
If you include people acting within a market economy then you could include most of the socialist countries. I'm not sure its true on a global scale either that people in sweatshops etc are empowered by stitching trainers or Disney toys, esp when they are children who instead of being schooled are producing goods. Nor those empowered by an inability to afford HIV medication, or those dying of preventable disease, unclean drinking water or suffering from malnutirion. When you step outside the first world, capitalism isn't empowering people so much as enslaving them. The generation of wealth for its own sake, is a problem. Captialism needs regulation and control so that it serves the interests of everyone involved, otherwise it creates unrest, dissatisfaction, insurrection and tyranny. Oh please. We're all against war, poverty and injustice. That is not an anti-capitalist position. Monopoly, oligopoly, corruption, price-fixing, cartels, graft, kleptocracy, these are a bigger cause of the stuff you mention than capitalism. That and, say, trade barriers erected by the likes of, er, the European Union which likes to protect its comfortable left-wing middle class from genuine competition. What does "capitalism needs regulation and control" mean? You need the state for all kinds of stuff but it shouldn't be running the economy. And where it does so - and this was matt_himself's point - it tends to impoverish rather than empower people.
Why would you be sure? My politics run very anti-authoritarian. Or is it the normal assumption that any one who isn't right wing, must be a hardline authoritarian communist / Stalinist. I'm more interested in Kropotkin, Goldman, Thoreau and Chomsky; Anarchism and the freedom, well being and opportunities of each individual citizen.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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| nickgusset |
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What did labour over spend on?
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| jamiemartin721 |
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Quote johnfirewall at 14 Aug 2015 2.05pm
Quote nickgusset at 14 Aug 2015 1.48pm
Quote leggedstruggle at 14 Aug 2015 1.46pm
Quote nickgusset at 14 Aug 2015 11.19am
Quote Hoof Hearted at 14 Aug 2015 11.10am
Quote Johnny Eagles at 14 Aug 2015 10.53am
Quote jamiemartin721 at 14 Aug 2015 10.13am
Quote Johnny Eagles at 14 Aug 2015 10.03am
If you include people acting within a market economy then you could include most of the socialist countries. I'm not sure its true on a global scale either that people in sweatshops etc are empowered by stitching trainers or Disney toys, esp when they are children who instead of being schooled are producing goods. Nor those empowered by an inability to afford HIV medication, or those dying of preventable disease, unclean drinking water or suffering from malnutirion. When you step outside the first world, capitalism isn't empowering people so much as enslaving them. The generation of wealth for its own sake, is a problem. Captialism needs regulation and control so that it serves the interests of everyone involved, otherwise it creates unrest, dissatisfaction, insurrection and tyranny. Oh please. We're all against war, poverty and injustice. That is not an anti-capitalist position. Monopoly, oligopoly, corruption, price-fixing, cartels, graft, kleptocracy, these are a bigger cause of the stuff you mention than capitalism. That and, say, trade barriers erected by the likes of, er, the European Union which likes to protect its comfortable left-wing middle class from genuine competition. What does "capitalism needs regulation and control" mean? You need the state for all kinds of stuff but it shouldn't be running the economy. And where it does so - and this was matt_himself's point - it tends to impoverish rather than empower people.
1. Oh Corbyn will be a disaster, Well go back to the 70's. - is there any evidence for this or is it lazy conjecture. 2. Oh you're a lefty? You must want to live in North Korea as you agree with totalitarianism. Have you got any evidence that socialist economies work. Can you point to any non-capitalist socialist country that has not been an authoritarian dictatorship? Has Corbyn said he wants a socialist state? No. What he has said is that he wants those that caused the financial crash to pay for it, not people living on the breadline. He's on the deluded side who say that overspending wasn't the problem, as opposed to the more reasonable Labour supporters who are willing to balance the books. He's talking about renationalising everything. Maybe he could start with the Royal Mail, paying 50% more at the current price than it was sold for. Blame whoever you want for our debt but that sort of idealism will make things a lot worse. Overspending was definitely an issue after they bailed out a number of national banks. Prior to the credit crunch and crisis the debt wasn't an issue. I largely think that blaming different groups, misses the point, that we're here now due to a combination of reasons, and the question really is about resolution of the problem, and how to best affect the balance between between fiscal necessity and state responsibility.
"One Nation Under God, has turned into One Nation Under the Influence of One Drug" |
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