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Do you mean people trading with others on a voluntary, win-win basis, or do you mean what today is labeled capitalism but is characterized by coercive force and
by jes 11y ago
Do you mean people trading with others on a voluntary, win-win basis, or do you mean what today is labeled capitalism but is characterized by coercive force and cronyism?
- wnevets 11y agoI mean if efficiency leads to no one having jobs and thus cash to buy anything. That sounds like a broken system to me. >It works until you run out of consumers with cash, at which point it no longer works. edit: spelling
- juliangregorian 11y agoCapitalism always tends toward monopoly, there's only a difference in the minds of idealistic libertarians.
- merpnderp 11y agoOnly in the corporate welfare system we have today (see Chevrolet bailout). Without corporate welfare in the forms of subsidies, bailouts, and regulations, companies like Telsa would be destroying the major auto manufactures. What old major companies would still be around without un-capitlistic like interventions from the government?
- juliangregorian 11y agoNo, it was true for East India, it was true for Standard Oil, and it's still true today. Much of regulation was intended for the protection of consumers, not to cement incumbents, and the subversion of the same is evidence of capitalism's predatory nature.
- merpnderp 11y agoBusinesses continue their regulatory capture in the US. The line between corporations and government grows thinner every time a burdensome regulation is created that only companies with significant resources can follow. http://news.investors.com/ibd-editorials/060815-756320-dominos-grocery-stores-fight-regulatory-burden-of-menu-labels.htm?p=full http://news.investors.com/ibd-editorials/060815-756320-domin...
- juliangregorian 11y agoOf course they do. This is not unique in history or in the US. This is simply capitalism working as intended. What did you think Tesla would do after they finished "destroying the major auto manufacturers"?
- jes 11y agoDid you miss the use of the word "voluntary" in my comment? Absent force, a person is free to either accept or reject a given deal.
- juliangregorian 11y agoA deal implies ownership. Ownership requires force. Try again.
- dllthomas 11y agoDoes a deal actually imply ownership? Where is the ownership in a deal trading service for service?
- dragonwriter 11y ago> or do you mean what today is labeled capitalism but is characterized by coercive force and cronyism? That's what has always been labeled capitalism, starting with the socialist critiques of the dominant system (filled, as it was, with coercive force and cronyism) in the developed world in the mid-to-late 19th century who invented the term "capitalism" as a label for that system. Outside of incoherent, fantasies the neither exist in the real world or stand up to much examination even in theory -- fantasies constructed largely as a propaganda to defend that coercive, cronyistic system from its critics -- nothing else but coercive, cronyism-dominated systems has ever been referred to with the label "capitalism".