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What makes Capitalism great? Or bad for that matter?

David_Macleod
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capitalism relies on fear to operate effectively, communism relies on fear. Under both schemes, the masses are controlled by fear. All systems that rely on creating a climate of fear will eventually crumble over the weight of the masses in open revolt.

Josh
Joshua Bond
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AnonymousBystander said:Capitalism is more successful at extracting the value of poor people's labour than communism.  If that wasn't the case capitalism would have collapsed instead of communism.  This is what makes capitalism great.


greater than communism but in capitalism's unregulated form we see the return of the robber-barrons, the hijacking of the political process, and the infiltration of commissions/agencies/institutions that are supposed to protect the common good. Whilst the profit motive is not bad in itself, it tends towards viewing life in terms of abstract costs rather than humane values - and one ends up with tyranny, whichever "ism" is the route.

runaway-mindtrain
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"The resulting goal of socialism is communism"-- V.I. Lenin...and he should know...any form of government control of a country's economy leads to the distruction of the middle class...the reduction of regulation on small business by the current administration in the U.S has brought the lowest unemployment rate ever and the individual greater power... minority small businesses are up 600 percent...less government involvement means more power to the common man... socialism is a modern term for slavery...it sees the individual as lacking and thus the state must control aspects of their lives...which leads to tyranny... currently, in Venezuela, socialist tanks are running over citizens...if you hear someone say the government should have more power over your wallet... roundhouse kick them in the money maker... economic power to the people is the only way...as far as the constant reference to Nazis by socialists...Fashist economics died in 1945... Marxist economics are still being pushed... and has resulted in over 100 million deaths in those unfortunate countries...we will see how many more die...since world socialism is the goal of all leftist...but they will have to kill me to finalize it ...




cold_fusion said:

spot on! both Viddax and Lepp!
yes , humanity hasn't yet found don't have a silver bullet yet. And there in lies the folly, the belief-one remedy for all ills, along with one size fits all approach resulting in so much misery to so many humans across the globe!

People across the globe are different not saying not equal, but different. What's acceptable to some is extremely offending to others and that has great lot to do with the prevalent culture that's evolved with time. And to assume, mine is the only correct approach is absolutely naive.
4+5 = 9
so does 6+3 and  7+2 and so on...different approaches for same result.
Whatever -isms you're talking about,  let's not forget, the aim, supposedly is to ensure we humans, as a society live in safety, security,freedom and ensure prosperity for all( both at an individual level and as a society/nation/block etc) . All of the -isms say they aim  to get it.

The biggest lie perpetuated in the west is Socialism is Communism.

You fail when you believe you're the only right one and everyone else    is wrong. That is simply Bullying. And that is what the so called democratic west is doing in the places that somehow not heeding its diktat.

Well, all -isms have killed millions, not just communism,  the Nazis were neither a socialist bunch nor were they communists. The so called enlightened defenders of freedoms the back then imperial super powers of Britain and their Mainland allies, whilst fighting the nazis, in the name securing freedom in Europe, were crushing the so called terrorist rebels in Southern Asia and Africa whose crime was to stand up and ask/fight for freedom for themselves. So much for the holy cow that is democracy. Long story short, nothing is perfect, yes, the west with its relatively tamed capitalism for the best part of about half a century or more has succeeded in affording many of the objective the human society endeavours i.e relative individual freedoms, opportunity and yes prosperity.

And  now what's happening? anything taken  in extreme quantities becomes toxic, including clean pure water, the growth at all costs and ever increasing power of the corporations and by extension capitalism gone wild, is making the governments but a pawn in its game is eroding the ideals the western democracy set out to achieve.

One prime example- the pharma sector, should it only be a profit driven industry? of course yes, but to what level, Ok, i  get  it , that without profit, what's the incentive for a company to find new drugs and fund the research and the drug company is entitled to reap the reward for it's effort and get a fair return on its investments. In third world countries, those same companies charge  hundreds of times less(not just percentages,but times) for the same drug  they charge in the Western world. And the cost recovery  and fair return on investment argument goes out  the window,nothing to do with the cost, what comes to play is capitalistic principles. Are these principles God sent? and for whose benefit are they supposed to stand for?

And then, due to the falling ideals of the western democracy,resulting from the untamed/extreme adherence  to capitalism, people, especially the middle class are getting squeezed out and resulting in human misery. And as they say every crisis is an opportunity, we have people professing remedies whilst profiting and enriching themselves off people's misery and primal fears.

Human migration is one of the hottest topic these days. The so called ills it brings, the clashes  of cultures etc, the us vs them mentality and stoking of irrational fears is big driver in the manipulation of the masses. The so called nativists these days( whilst they do not hide their love for the Nazis) pelt so much misinformation and half truths whilst claiming to be speaking rational  truth. Any information to the contrary is dismissed as conspiracy theory or as Donald Trump likes to say,fake news. He who speaks the loudest not necessarily is speaking the truth.

So all in all, capitalism but within limits alongside socialism seems to work well, relatively speaking. Australia, much more egalitarian society compared the US. Good case in point. But again, the capitalism there too is crossing its limits and at the same time blaming it on the socialist aspect of its society for all the ills, is slowly but surely eroding the system of what has worked well, so far.

David_Macleod
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the problem is that capitalism could be the best solution if it came with a social conscious. Sadly most capitalists do not have one as all they are concerned with is bottom line profits nor do they have any social or real environmental guilt. A downward flow of financial redistribution would have to be enacted by legislation and taxation - with no loopholes for the super rich. Money that would be used for social works and the alleviation of poverty. These things are all incompatible in the current climate of corrupt politicians being owned and democracy being superseded by wealth power and greed of the capitalists. I see no way out of this without revolution which is made less likely as long as the system is allowed to function unchecked. There will be blood

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