How do you feel about capitalism?

[Deleted]

That is a very easy question with a very obvious answer.

The best thing to ever happen to mankind, capitalism has enabled prosperity and scientific advancement on a scale never seen before.

The fact that so many people seem unable to understand this is a sad testament to their intelligence and a proof of the innumeracy of the far left.

Yeah all those Marxist professors are less smart than some guy on the internet whose opinions are based on mainstream media, right-wing blogs and arbitary preference.

[Toogoodman]

Yeah all those Marxist professors are less smart than some guy on the internet whose opinions are based on mainstream media, right-wing blogs and arbitary preference.

As someone who majored in Economics, and now works in the financial industry, i would have to say a lot of the things my professors shoved down our throats were very wrong. Most of them pushed a far left Marxist agenda in class, but everything they taught us about that ideology has mostly been seen in my eyes a farce.

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It's called "economics," not "capitalism".

Actually that is bartering, economics is a field of study, capitalism and bartering are forms of exchanging goods and services

[Zoranon]

Yeah all those Marxist professors are less smart than some guy on the internet whose opinions are based on mainstream media, right-wing blogs and arbitary preference.

Right on cue a far leftist appears, how predictable. And someone who defends an ideology which has murdered over 100 million people is an idiot, no matter how many titles he might have, or whichever position he might hold.

[Zoranon]

So ... you're saying anyone who defends capitalism is an idiot?

Hm this question is a proof that you are functionally illiterate. Any other negative aspects of yourself you would care to show?

PS: What happened to that violent revolution you were promising after Trump was elected?


[Infracted]

[NED funded]

Yeah all those Marxist professors are less smart than some guy on the internet whose opinions are based on mainstream media, right-wing blogs and arbitary preference.

Lol Marxism is a fringe in the field of economics. Whatever was useful of it has being absorbed into the mainstream.

[Forogil]

Capitalism hasn't caused hundred of millions of deaths of humans. Those are the facts.

And don't come dragging with some wildly inaccurate debunked unsourced picture as "facts".

[Jibjub]

I am a fan of Distributism. But capitalism is LIGHT YEARS better than socialism.

[Deleted]

Needs more An.

[hrugner]

Capitalism is fine for day to day stuff, but top level decisions should be made with reason rather than based on a system that's little more than stimulus-response.

[GodlyBob]

So the saudis are socialists?

Socialist, capitalist, communist, ect. aren't clear-cut forms of a nation's economy. Different markets will use varying levels of these things and it's next to impossible to do without some type of market regulation. So yeah, pretty much every government is going to have some aspects of socialism, including the Saudis. To say they're "socialists" is a little strange considering how pervasive socialistic policies can be. It's kind of like how every person on the planet can say they're part black because, y'know, out of Africa. There's no such thing as a purely socialist economy in the same way there's no such thing as a purely capitalistic economy or a communistic one. Any government capable of participating in a global economy is going to have a mix of them all to some extent.

[TZucchini]

"What do you want to be when you grow up?"
"An honest, brave, compassionate human being."
"No…I mean, how do you want to sell your labor?"

[Deleted]

Capitalism hasn't caused hundred of millions of deaths of humans. Those are the facts.

.

Google "laissez-faire" and "famine". Or read a fucking book or something.

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As someone who majored in Economics, and now works in the financial industry, i would have to say a lot of the things my professors shoved down our throats were very wrong. Most of them pushed a far left Marxist agenda in class, but everything they taught us about that ideology has mostly been seen in my eyes a farce.

It doesn't really surprise me that someone who works in finance isn't a Marxist. It is a bit like a coal-miner saying they aren't impressed with the neoliberal agenda.

There are certainly problems with Marxism in academia, however those guys are still about a thousand times smarter than some of the morons in these thread who get their understanding of socialism from Fox News or the Daily Mail.

[Forogil]

Google "laissez-faire" and "famine". Or read a fucking book or something.

I have read a few, that that's why I'm stating that capitalism hasn't caused hundred of millions of deaths of humans.

And googling the above reminded me that it wasn't capitalism - but the corn laws that caused the Irish famine; they were later repealed - and the famines stopped in Ireland. Coincidence?

[TwistedSkull]

Capitalism is good for a countries economy but not for the majority of citizens. Hence why the only way capitalism works for every one is if its held in check by strong socialistic policies.

[Ghostpanther]

Pure Capitalism without some government social intervention is not good. If the social intervention can be done correctly, great system when you have the mix of the two.

[Vash The Stampede]

Pure Capitalism without some government social intervention is not good. If the social intervention can be done correctly, great system when you have the mix of the two.

Capitalism isn't a bad system when there's control over it. It's when there's little control over Capitalism where things go horribly wrong. Plus Capitalism doesn't belong everywhere. You don't want it in your mail, or in your roads, or healthcare, and etc.

Capitalism is all about competition, and so long as there's healthy competition then everything is fine. But this is the 21st century and companies will do things to circumvent capitalism. For example monopoly and Oligopoly. Microsoft is a monopoly, most ISPs and health insurances are an oligopoly. People aren't competing for your money and prices go up. Banking is an Oligopoly as well. If you look up most hated companies, you'll find that it's pretty much those companies that are topping the list.

Then you have price fixing. When companies figure out that fighting each other is going to lower prices, then they work with each other to raise them. If you buy computer ram, they're known to do this. Then there's lobbying, where companies spend millions to have laws work in their favor. How's that Net neutrality thing?

[Tijuana]

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?

Free market Capitalism is the single greatest fighter of poverty the world has ever known, in the rare instances it is allowed to actually happen.

[Revik]

As long as humans require a driving force to accomplish and/or progress it is the best system we have. Socialism and/or Communism just doesn't promote progress and is prone for stagnation.

It would be nice if we could get past the need for money but unfortunately humans are not ready for that yet.

[Vash The Stampede]

Free market Capitalism is the single greatest fighter of poverty the world has ever known, in the rare instances it is allowed to actually happen.

The industrial revolution was the greatest fighter of poverty. WW2 was the greatest knife to poverty, since it caused the abolition of monarchy. When humans began to make great strides in technology, so to we needed more technical people to create them. Those with wealth and power had to spend that money on those without it. Wealth distribution through technology was the greatest fighter of poverty.

Capitalism insures there are haves and have not's. But the idea is that there's so much wealth being produced that everyone has better living standards. Despite the wealthy doing everything they can to give themselves more by using tools like illegal immigrants and H1B visas. Detroit is a perfect example of this as the automobile industry just packed up their shit and left. Thus destroying the middle class.

As long as humans require a driving force to accomplish and/or progress it is the best system we have. Socialism and/or Communism just doesn't promote progress and is prone for stagnation.

Capitalism and socialism can work together, at least for a while. We live in a hybrid capitalism/socialism system already. At some point socialism is the only way to go in the future when things are 100% automated. It'll be a while before we reach a point where everything from driving to the cashier is replaced by machine, but that doesn't mean it won't be a gradual process. I really do think within 10 years we'll lose 50% of jobs to automation. At that point a more socialist approach is needed.

And socialism isn't even that good for a 100% automated society. I think we will end up with a new system that I call gamificationism. A society that promotes progress like a game does, by awarding people with a different kind of money. One where everyone wins, but if you want to be a bigger winner then you need to do something beneficial for society. The government will award everyone a kinda allowance and those who prove they work or do something beneficial for society will receive more. Making a difference between getting the default allowance that allows you to live relatively comfortably, to being able to own a home or something more extravagant. But at the same time countries will have a separate currency for trading. Who knows, it maybe universal between countries in agreement.

[Louisa Bannon]

Capitalism could be good, but I really don't know because we've never had that.

What we have is a protectionist plutocracy where the laws are created to benefit the 1% at the expense of the 99%.

Some bright spot will no doubt take offense at what I've asserted, but to that I simply ask: if I am wrong, then what is the purpose of Title 12 of the U.S. Federal Codes?