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Are you serious? Capitalism is just as bad as anything else. The problem that capitalism perpetuates is the constant exploitation of the lower echelons. How is

Are you serious? Capitalism is just as bad as anything else. The problem that capitalism perpetuates is the constant exploitation of the lower echelons. How is that so much better? Also, where is this built-in institutional destruction that you speak of?

devinj 17y ago
You're looking at the wrong end. He's saying that companies compete with each other and try to undercut one another, which allows some smaller companies to solve the problems allowed by the larger companies. These smaller companies rely on a problem still, but a smaller one (to convince people to switch, and thus get income, it must be smaller). And you're talking about something totally different as far as I can tell, so it's not a very good critique of his point.
- greenlblue 17y ago
  You don't need capitalism to have what you just described. When people bundle economic and social principles together that's when capitalism turns into what I described because under the banner of capitalism politicians refuse any social policy that runs counter to free market principles. In fact half of capitol hill has made this their battle cry.
cema 17y ago
The problem that capitalism perpetuates is the constant exploitation of the lower echelons. "Under capitalism, people exploit people. Under socialism, it's the other way around!"
- greenlblue 17y ago
  "People under people, exploit capitalism" - that makes no sense dude.
  - MHordecki 17y ago
    He probably meant that "people exploit people" phrase should be put the other way around, concluding that there's no difference in this aspect between capitalism and socialism at all.
  - cema 17y ago
    Actually, thinking about it, it does! "People under people" is a metaphorical description of a business, and they "exploit capitalism", that is, use it to their advantage, selling products and living off the profit. But, of course, that is not what the joke I quoted means. What it means is that, like Churchill's alleged saying about democracy goes, "it's the worst system except for all others". So far, anyway.

devinj 17y ago

You're looking at the wrong end. He's saying that companies compete with each other and try to undercut one another, which allows some smaller companies to solve the problems allowed by the larger companies. These smaller companies rely on a problem still, but a smaller one (to convince people to switch, and thus get income, it must be smaller). And you're talking about something totally different as far as I can tell, so it's not a very good critique of his point.

greenlblue 17y ago
You don't need capitalism to have what you just described. When people bundle economic and social principles together that's when capitalism turns into what I described because under the banner of capitalism politicians refuse any social policy that runs counter to free market principles. In fact half of capitol hill has made this their battle cry.

cema 17y ago

The problem that capitalism perpetuates is the constant exploitation of the lower echelons. "Under capitalism, people exploit people. Under socialism, it's the other way around!"

greenlblue 17y ago
"People under people, exploit capitalism" - that makes no sense dude.
- MHordecki 17y ago
  He probably meant that "people exploit people" phrase should be put the other way around, concluding that there's no difference in this aspect between capitalism and socialism at all.
- cema 17y ago
  Actually, thinking about it, it does! "People under people" is a metaphorical description of a business, and they "exploit capitalism", that is, use it to their advantage, selling products and living off the profit. But, of course, that is not what the joke I quoted means. What it means is that, like Churchill's alleged saying about democracy goes, "it's the worst system except for all others". So far, anyway.