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Thread: If Capitalism Is So Wonderful

  1. #1
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    If Capitalism Is So Wonderful

    How come we poor working slobs have to bail it out so damned many times?
    Bail-outs will always be needed to fix capitalism’s flaws
    Lest we needed another reminder, Thursday’s announcement that the Italian automaker Fiat had achieved the final performance target in its alliance with Chrysler underscored once more the remarkable success of the rescue of the American automobile industry.

    No capitalist (and I consider myself to be a full-throated one) likes the notion of government intervening in the private sector. But we must recognise the rare moments when deviations from this principle are not only to be tolerated, but welcomed.
    Bail-outs will always be needed to fix capitalism’s flaws | The A-List | Must-read views on today?s top news stories ? FT.com ? FT.com
    Brother, you can believe in stones as long as you do not hurl them at me. Wafa Sultan

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    War is sweet to those who have not tasted it, but the experienced man trembles exceedingly at heart on its approach. – Pindar

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    Quote Originally Posted by simone View Post
    It's becasue of capitalism's unregualted boom and bust cycle. If the regulations were heavier, and the unions had more power, the bust periods wouldn't be so severe.

    Capitalism is a great system, it's just allowed to run amuck and ruin is what results from laizze-faire.
    He Lived in the Perfect Midfield Time

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    You shouldn't have to, and bailouts aren't laissez-faire, they're fascism.

    capitalism's unregualted boom and bust cycle
    The boom and bust cycle is primarily driven by the federal reserve. First it creates a loose money environment and we get a boom. Then we get a bust.

    Increased regulation can not solve this problem, it can only channel the boom and bust cycle from one sector to another. And where it ends up once all the obvious choices are blocked off can be even worse than the original plan.
    He or she who supports a State organized in a military way – whether directly or indirectly – participates in sin. Each man takes part in the sin by contributing to the maintenance of the State by paying taxes.

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    Quote Originally Posted by Symbiote View Post
    You shouldn't have to, and bailouts aren't laissez-faire, they're fascism.



    The boom and bust cycle is primarily driven by the federal reserve. First it creates a loose money environment and we get a boom. Then we get a bust.

    Increased regulation can not solve this problem, it can only channel the boom and bust cycle from one sector to another. And where it ends up once all the obvious choices are blocked off can be even worse than the original plan.
    Uh, fascism and laizze-faire have more in common than you think, so I suggest that you rethink that one . . .

    Boom and bust is driven by fancial warring. The Fed has nothing to do with it. Study that last bust to understand that concept. And regulations tighten the standards and provide floors ans ceilings by which everybody can operate without unreasonable threats; like monopolies . . .
    He Lived in the Perfect Midfield Time

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    The Fed is a monopoly. If you claim to be against monopolies and support the existence of the Federal Reserve, you are a raging hypocrite. And if you claim to recognise the problems monopolies cause, why do you refuse to recognise the economic problems caused by the Fed's monopoly on control of the money supply?
    Last edited by Symbiote; 01-06-2012 at 10:22 PM.
    He or she who supports a State organized in a military way – whether directly or indirectly – participates in sin. Each man takes part in the sin by contributing to the maintenance of the State by paying taxes.

    ~ Gandhi

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    Quote Originally Posted by simone View Post
    The poor working slobs? Anyone who works and trades is a capitalist, and anyone who does so without admitting it is a hypocrite. When you say capitalism you mean rich people.

    Why is the principle of earning money to stay alive different from earning money to live?

    Your precious bailouts were a collective action done free from the 'constraints' of the market or morality.

    Give people the choice to bail out failing companies and see how much it's needed.
    Morals are a religious Myth.. - Xcaliber
    How is Evil Immoral? - Xcaliber
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    Quote Originally Posted by Freedom View Post
    The poor working slobs? Anyone who works and trades is a capitalist, and anyone who does so without admitting it is a hypocrite. When you say capitalism you mean rich people.

    Why is the principle of earning money to stay alive different from earning money to live?

    Your precious bailouts were a collective action done free from the 'constraints' of the market or morality.

    Give people the choice to bail out failing companies and see how much it's needed.
    Ehh, I don't think you're right about that. It's never been narrowed down to just the 1% on the issue of capitalism. As I said in my post, when capitalism runs amuck, as it has in 2008 and in 1929, an unregulated finacial system shows some pretty big holes and those Americans, who've had nothing to do with the bust: because they don't possess the capital to effect the boom as the 1% of corporation, banks etc, find themselves out on their a$$es, then capitalism, under a free market theory has a big problem with domestic policy.

    I think that's what simone is getting at, and to brush her post off as some sort bi*ching is disingenuous of you.
    He Lived in the Perfect Midfield Time

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    Quote Originally Posted by jet57 View Post
    Ehh, I don't think you're right about that. It's never been narrowed down to just the 1% on the issue of capitalism. As I said in my post, when capitalism runs amuck, as it has in 2008 and in 1929, an unregulated finacial system shows some pretty big holes and those Americans, who've had nothing to do with the bust: because they don't possess the capital to effect the boom as the 1% of corporation, banks etc, find themselves out on their a$$es, then capitalism, under a free market theory has a big problem with domestic policy.

    I think that's what simone is getting at, and to brush her post off as some sort bi*ching is disingenuous of you.
    Capitalism qua capitalism has never run amuck.
    Morals are a religious Myth.. - Xcaliber
    How is Evil Immoral? - Xcaliber
    I am right until you prove otherwise - Xcaliber

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    Quote Originally Posted by Freedom View Post
    Capitalism qua capitalism has never run amuck.
    Oh ye of so little knowledge.
    He Lived in the Perfect Midfield Time

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    Quote Originally Posted by jet57 View Post
    Oh ye of so little knowledge.
    You're deranged, and so is your socialist / communist agenda. In fact, why don't you take your Marxist / Leninist circus side show back to the USSR?
    “For the scientist who has lived by his faith in the power of reason, the story ends like a bad dream. He has scaled the mountains of ignorance; he is about to conquer the highest peak; as he pulls himself over the final rock, he is greeted by a band of theologians who have been sitting there for centuries.” - Robert Jastrow

  11. #11
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    Quote Originally Posted by Freedom View Post
    The poor working slobs? Anyone who works and trades is a capitalist, and anyone who does so without admitting it is a hypocrite. When you say capitalism you mean rich people.

    Why is the principle of earning money to stay alive different from earning money to live?

    Your precious bailouts were a collective action done free from the 'constraints' of the market or morality.

    Give people the choice to bail out failing companies and see how much it's needed.
    Capitalist: someone who does not labor for a living but lives of the profits of his money, his -- or her -- capital.

    A wealthy person who uses money to invest in trade and industry for profit in accordance with the principles of capitalism.

    An investor of capital in business, especially one having a major financial interest in an important enterprise.

    A person of great wealth.
    Brother, you can believe in stones as long as you do not hurl them at me. Wafa Sultan

    “War is an American way to teach geography,” British soldier

    War is sweet to those who have not tasted it, but the experienced man trembles exceedingly at heart on its approach. – Pindar

  12. #12
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    Quote Originally Posted by Easyrider View Post
    You're deranged, and so is your socialist / communist agenda. In fact, why don't you take your Marxist / Leninist circus side show back to the USSR?
    Why don't you take your socialist corporate welfare back to Germany in the 1930s?
    Brother, you can believe in stones as long as you do not hurl them at me. Wafa Sultan

    “War is an American way to teach geography,” British soldier

    War is sweet to those who have not tasted it, but the experienced man trembles exceedingly at heart on its approach. – Pindar

  13. #13
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    Quote Originally Posted by simone View Post
    Capitalist: someone who does not labor for a living but lives of the profits of his money, his -- or her -- capital.

    A wealthy person who uses money to invest in trade and industry for profit in accordance with the principles of capitalism.

    An investor of capital in business, especially one having a major financial interest in an important enterprise.

    A person of great wealth.
    Great is subjective, your time and effort is an investment.
    Morals are a religious Myth.. - Xcaliber
    How is Evil Immoral? - Xcaliber
    I am right until you prove otherwise - Xcaliber

  14. #14
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    Quote Originally Posted by Freedom View Post
    Great is subjective, your time and effort is an investment.
    Time and effort (by the capitalist) is not required for a capitalist to prosper.

    A key ingredient of Capitalism is that the Capital does the work, in part, or in whole.
    If the Capitalist has sufficient capital, ALL time and labor can be hired out.

    The 'idle rich' exist in all economies, and Capitalism is no exception.

    Here is a common situation, A grandparent who worked hard, made lots of money, and now his capitalist grandson, does nothing productive, invests no time or effort to prosper. He lets his money do the work.

    Charles Kendrick was a titan of San Francisco’s industrial era. Starting in 1927, he built the Schlage Lock Company into a world leader. His family sold the company in 1974 for $84 million, then a princely sum.

    Today his grandson, Robert Kendrick, enjoys the fruits of that great industrial fortune but is considerably less ambitious.


    I like the part about a neighbor throwing dog XXXX in his car. Guess we know what they think of him.

  15. #15
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    Quote Originally Posted by BeHereNow View Post

    Here is a common situation, A grandparent who worked hard, made lots of money, and now his capitalist grandson, does nothing productive, invests no time or effort to prosper. He lets his money do the work.

    Charles Kendrick was a titan of San Francisco’s industrial era. Starting in 1927, he built the Schlage Lock Company into a world leader. His family sold the company in 1974 for $84 million, then a princely sum.

    Today his grandson, Robert Kendrick, enjoys the fruits of that great industrial fortune but is considerably less ambitious.


    I like the part about a neighbor throwing dog XXXX in his car. Guess we know what they think of him.
    Here is a common situation in a so called welfare state.
    A couple that does particularly productive except reproduce , invests little time or effort to prosper and lets other peoples money do most of the work
    Mum of ten demands bigger home despite £30k-a-year benefits | The Sun |News

    Does that mean welfare is wrong? No? Maybe it means presenting an extreme example is the wrong example

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