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'After all capitalism promised ..'. Nope, capitalism does not promise anything. It is not a political system as the same as communism. Capitalism is an econom

'After all capitalism promised ..'. Nope, capitalism does not promise anything. It is not a political system as the same as communism. Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. https://en.wikipedia.org/wiki/Capitalism https://en.wikipedia.org/wiki/Capitalism

woodandsteel 8y ago
The promoters of capitalism do most definitely promise that. And what is your position on the issue?
- geezerjay 8y ago
  > The promoters of capitalism do most definitely promise that. No, they don't. That's just a poorly made up strawman. At best what capitalism proponents defend is that it provides a system where products and services are provides efficiently to the public due to a combination of free enterprise, private ownership of the means of production, and competition.
  - woodandsteel 8y ago
    And a large part of their argument is that this all works vastly better than socialism.
yellowbuilding 8y ago
>Capitalism is not a political system That’s why they say! And that claim is the target of it’s most long-lived detractors. The subtitle of Karl Marx’s Capital is, of course A Crtitique Of Political Economy. The girth of Marx’s contributions to politics and economics were in showing how the two are inseparable. Of course, you’re invited to disagree, but you’ve got your work cut out for you.
watwut 8y ago
Capitalism is definitely not like communism. However, people who push for it are promising things and argue by what we all gain by having capitalism. Not just that, they use past economic successes of capitalism and past economic failures as argument why we should keep things as capitalist as possible. They also argue by some moral values and so did communist proponents. Capitalism has political component and is dependent on laws and its enforcement. It is also ideology. None of it makes it bad thing inherently, the past economic successes of capitalism are real, through we really should learn from cases where it cause trouble, so that we keep our capitalism not going to excess.

woodandsteel 8y ago

The promoters of capitalism do most definitely promise that. And what is your position on the issue?

geezerjay 8y ago
> The promoters of capitalism do most definitely promise that. No, they don't. That's just a poorly made up strawman. At best what capitalism proponents defend is that it provides a system where products and services are provides efficiently to the public due to a combination of free enterprise, private ownership of the means of production, and competition.
- woodandsteel 8y ago
  And a large part of their argument is that this all works vastly better than socialism.

yellowbuilding 8y ago

>Capitalism is not a political system That’s why they say! And that claim is the target of it’s most long-lived detractors. The subtitle of Karl Marx’s Capital is, of course A Crtitique Of Political Economy. The girth of Marx’s contributions to politics and economics were in showing how the two are inseparable. Of course, you’re invited to disagree, but you’ve got your work cut out for you.

watwut 8y ago

Capitalism is definitely not like communism. However, people who push for it are promising things and argue by what we all gain by having capitalism. Not just that, they use past economic successes of capitalism and past economic failures as argument why we should keep things as capitalist as possible. They also argue by some moral values and so did communist proponents. Capitalism has political component and is dependent on laws and its enforcement. It is also ideology. None of it makes it bad thing inherently, the past economic successes of capitalism are real, through we really should learn from cases where it cause trouble, so that we keep our capitalism not going to excess.