4 ms·

Progressive taxation and subsidies are completely within the realm of capitalism. It is regulation and government provision of services that push the system ou

Progressive taxation and subsidies are completely within the realm of capitalism. It is regulation and government provision of services that push the system outside the competition benefits of capitalism. The Chinese system is straight up Austrian economics capitalism. The prices weren’t regulated. The CT machine was a hand me down. The place operated with basically no management. It worked like a food court in Singapore.

oivey 4y ago
You said the government paid half the costs with even more for poorer people. When did Rothbard advocate for that?
- jcampbell1 4y ago
  The government isn’t interfering with the factors of production. The healthcare system has market based incentives. The Chinese system is no money means no western healthcare. Western healthcare didn’t really exist in China until the 90s. It grew from nothing organically through market forces. If the US switched to the Chinese system for healthcare, the socialist minded people would cry themselves to death.
  - ok_dad 4y ago
    > The government isn’t interfering with the factors of production. > The Chinese system Are you saying the Chinese government does not interfere with the factors of production in their country? I was under the impression China was a hybrid of a centrally-controlled economy, and if so that absolutely does mean they interfere! Please correct me if I am wrong, because I would love to learn how China does the free market better than the USA and how we can change the USA to be more like China in this aspect.
coliveira 4y ago
> The Chinese system is straight up Austrian economics capitalism. So why are we fighting the Chinese? Let them take over and bring this so famous Austrian economics now!
unity1001 4y ago
> Progressive taxation and subsidies are completely within the realm of capitalism They are not. They make social democracy. A transition system from capitalism to socialism. https://en.wikipedia.org/wiki/Social_democracy#Political_party https://en.wikipedia.org/wiki/Social_democracy#Political_par... It was literally developed by socialists (in late 19th century it meant the same with 'communist') and advocated in the First Socialist International at the end of 19th century. To top that, it was the president of the first socialist international who revealed the new system. Every single plan and method that you equate with 'capitalism' above, comes from that advocacy. In the cold war era when Western countries were also using social democracy, the cold war propaganda allowed people to get self-deceived into thinking that all of those were the fruits of capitalism. But Reagan & co knew what was what. They spent no time in discarding all those pesky socialist practices and bringing back good old fashioned capitalism. The dystopian hellhole that you are experiencing today is capitalism itself. Well, obviously there is still some ways to go until child labor, 14 hour workdays, total removal of labor protections, abolition of weekend vacation, social security etc are completed, but hey - they sure will get rid of those pesky socialist stuff in no time.

oivey 4y ago

You said the government paid half the costs with even more for poorer people. When did Rothbard advocate for that?

jcampbell1 4y ago
The government isn’t interfering with the factors of production. The healthcare system has market based incentives. The Chinese system is no money means no western healthcare. Western healthcare didn’t really exist in China until the 90s. It grew from nothing organically through market forces. If the US switched to the Chinese system for healthcare, the socialist minded people would cry themselves to death.
- ok_dad 4y ago
  > The government isn’t interfering with the factors of production. > The Chinese system Are you saying the Chinese government does not interfere with the factors of production in their country? I was under the impression China was a hybrid of a centrally-controlled economy, and if so that absolutely does mean they interfere! Please correct me if I am wrong, because I would love to learn how China does the free market better than the USA and how we can change the USA to be more like China in this aspect.

coliveira 4y ago

> The Chinese system is straight up Austrian economics capitalism. So why are we fighting the Chinese? Let them take over and bring this so famous Austrian economics now!

unity1001 4y ago

> Progressive taxation and subsidies are completely within the realm of capitalism They are not. They make social democracy. A transition system from capitalism to socialism. https://en.wikipedia.org/wiki/Social_democracy#Political_party https://en.wikipedia.org/wiki/Social_democracy#Political_par... It was literally developed by socialists (in late 19th century it meant the same with 'communist') and advocated in the First Socialist International at the end of 19th century. To top that, it was the president of the first socialist international who revealed the new system. Every single plan and method that you equate with 'capitalism' above, comes from that advocacy. In the cold war era when Western countries were also using social democracy, the cold war propaganda allowed people to get self-deceived into thinking that all of those were the fruits of capitalism. But Reagan & co knew what was what. They spent no time in discarding all those pesky socialist practices and bringing back good old fashioned capitalism. The dystopian hellhole that you are experiencing today is capitalism itself. Well, obviously there is still some ways to go until child labor, 14 hour workdays, total removal of labor protections, abolition of weekend vacation, social security etc are completed, but hey - they sure will get rid of those pesky socialist stuff in no time.