How do you feel about capitalism?

[DaSandman]

Are you against it, for it, or neutral? Do you feel that the corporations should have the control? Do you prefer fair trade or free trade?

[NED funded]

It's the best system we have.

[Calfredd]

It's the best system we have.

Capitalism? Or the capitalism/socialism mix that we have?

[belfpala]

I'm sure we'll discover everything there is to be known about capitalism on a gaming forum.

Greed is good. I'm doing fine, Jack, get your hands off of my stack.

What else is there to know?

[NED funded]

Capitalism? Or the capitalism/socialism mix that we have?

I really don't get the idea that all state intervention is necessarily socialism. The Saudis nationalized their oil and I'm sure a lot of pinkos here do not think that they are in some shape or form a socialist nation.

[Cæli]

neutral because it has good and bad

I'm no expert but it seems capitalism doesn't respect life, that seems linked to humans themselves, not capitalism, but capitalism doesn't do anything about it either, so there should be rules to respect that are above capitalism no matter what

is that the case currently ?

[belfpala]

I really don't get the idea that all state intervention is necessarily socialism. The Saudis nationalized their oil and I'm sure a lot of pinkos here do not think that they are in some shape or form a socialist nation.

Medicare, social security, etc.

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neutral because it has good and bad

I'm no expert but it seems capitalism doesn't respect life

Sure it does! If it works for subsistence wages in unsafe conditions and... kidding not kidding.

[Captain N]

Medicare, social security, etc.

You don't touch my Medicare to fund your Socialized Healthcare!

[Zmaniac17]

Are you against it, for it, or neutral? Do you feel that the corporations should have the control? Do you prefer fair trade or free trade?

Reality differs from the text book definitions. So it's tough to have a meaningful conversation about a text book term without giving it context and going into details. You won't find any example of pure capitalism in the real world. I think if you found something more specific to talk about, that would make it a little easier to solicit meaningful opinions. The same can be said for free trade and fair trade, neither of which are completely free or completely fair. Instead, you could discuss a specific free trade agreement such as NAFTA. Then it would be easier to answer the question.

[Cæli]

Medicare, social security, etc.

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Sure it does! If it works for subsistence wages in unsafe conditions and... kidding not kidding.

sure exploiting human labor and using non humans living either as objets or as non existing is respect : P
joke aside I elaborated

[Wyrt]

It's a good system but has some serious flaws. Particularly in areas where corporations can exploit people or the environment and we need government to help protect against that exploitation.

[Deleted]

OCED said growth will be 'weak' for the next fifty years, inequality will rise 40%. Capitalism is past its best. It will be abolished by something more dynamic.

[schwarzkopf]

In concert with socialist policies - it is awesome.

Capitalism sucks in two places:
1. Where it is a applied to non competitive items - i.e. those which one can't choose not to have, and those that one can't choose options for.
Such things as health care, road network, internet cabling etc are infrastructure and they can't be pure capitalist in nature by definition.
2. Where it is abused by gambling for profit with no actual production as a result, such things as futures, options etc need to be regulated or removed.


But yeah - if hypothetically a country had capitalism, then it would be a pretty good system.

[NED funded]

Medicare, social security, etc.

Meeeeh could be replaced with a better system.

Edit: Although I would say this falls under Ordolib, Socdem territory more than it does to socialism.

[Endus]

Any economic system has one fundamental purpose; to benefit the members of the society which make use of it. Some systems, like mercantile economics, are meant to be relatively predatory, but capitalism was intended to be a balancing factor, which benefited the consumer class, not the producer class (they would benefit secondarily, but if it came down to whose interests should be upheld in a conflict, it should side with the consumers).

That's not really the economic system in place anywhere, because it's hugely unrealistic; it expects that people will act in the best interest of society, not themselves. And that's just not how people work, en masse.

So instead, we've got this weird heavily-corporatized system that heavily privileges the owners, at the expense of everyone else. Wealth inequality is staggeringly high, in historical terms. Rather than have no poverty and a strong, fat, and happy middle class, we've got people struggling to make ends meet and the superwealthy.

It's why I personally favor market socialism. Market systems aren't unique to capitalism, and most of the benefits people point to, with capitalism, derive from market behaviour, not private ownership itself.

[matt4pack]

Our version of capitalism is seriously flawed to where you will eventually only have mega corporations, high unemployment, and wealth concentration. Stockholders always want more returns so this forces companies to enter into new industries they previously didn't compete in once their bread and butter market becomes saturated. Of course the big guys can just funnel money from other successful business operations to undercut the competition until they're gone and thus will usually win out over the little guys.

If we could some have common sense capitalism and not cronyism then things would be much better. If it were up to me every new business unit of a corporation would have to be treated as a separate entity and make it just as a start up does. No more funneling money from the monopolies you have to take over other industries. They would need their own HR and accounting departments and so on just like the little guys do. But corporations have paid off so many and others are just blind that this will never happen until eventually the system breaks down.

401K's were just a way to brain wash the general public into letting corporations get their way because now ordinary people's retirements are tied to the revenues of the mega corps continuing to increase.

[yetgdhfgh]

A necessary evil until we learn that paper and numbers on a computer screen dont mean shit!

When we live in a Star Trek esque universe where things can be summoned thanks to replicators then capitalism will be consigned to the dustbin but until then like i said a necessary evil!

[Osmeric]

Are you against it, for it, or neutral? Do you feel that the corporations should have the control? Do you prefer fair trade or free trade?

There is no alternative to a market system. It's the only workable way to solve the problem of economic calculation. Of course controls and government can be layered on top, but trying to abandon the market completely is disastrous.

[Low Hanging Fruit]

Capitalism was great but like most systems it has gotten top heavy and thus doomed to fall.

[Shoat]

Capitalism worked so far to develop the world up to this point. And while it is technically true, "the best system we have" is too nice a description, though, since it fucking sucks balls for the majority of the people.

Anyway, it was good enough, but I don't think it does any good anymore nowadays and it'll certainly be standing in the way of our future (unless all rich people suddenly turn into philanthropists).
Whenever the next industrial revolution (advancement in machines making a large amount of human laborers redundant) happens, I'd prefer seeing the world's resources spread out among those who currently have nothing and not just fall upwards like they would in our current society.