Capitalism is good

Discussion in 'Markets & Economies' started by mmm....shiney!, Jul 21, 2015.

  1. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    It's okay. NTS' definition of bias is probably unrelated to suitability for independent dispute arbitration.
     
  2. radiobirdman

    radiobirdman Active Member Silver Stacker

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    Is the correct answer yes capitalism is good

    Socialism is evil

    And equality is another name for communism
     
  3. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Economic equality could be equated with communism.

    Political equality is equated with freedom.
     
  4. radiobirdman

    radiobirdman Active Member Silver Stacker

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    The aim of communism is social equality to be achieved by economic equality

    Political equality the right to vote and be treated equal by the law,
    not sure what freedom that equates to, you get fined if you don't vote and most laws are meant to oppress us or strip us financially of our hard earned
     
  5. Phil_Stacker

    Phil_Stacker New Member

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    I like the idea of a meritocracy, where people earn based on their abilities and how much they work.

    I like the idea of a socially supportive community, where education and health is free.

    I hate the idea of mediocracy (made up term), where people earn money for no reason, or for simply doing nothing wrong.
     
  6. radiobirdman

    radiobirdman Active Member Silver Stacker

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    Free health and education, no such thing someone is paying for them
     
  7. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    I think shiney meant that true political equality where everyone is treated equally by the law means that the laws are automatically restricted to defining and enforcing negative rights. In which case it gives you "freedom from..." <having your rights infringed by others>.
     
  8. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    Tweaked.
     
  9. Phil_Stacker

    Phil_Stacker New Member

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    Yeah... good points/clarifications. I don't like sports, but the fact they bring value to so many people justifies the sports player's pay.

    Education shouldn't be enforced. I know an Engineer, who has two Masters and then studied 3 years full time to be a teacher. That's when they found out you have no say in the curriculum or how it is taught what-so-ever, even when they can prove that the curriculum is wrong. Their class scored one of the highest in the nation for Naplan, but because they taught times tables by "rote" they were given an official warning. That was the last day they worked as a teacher. In short they were told they were there for crowd control and to provide the curriculum exactly as prescribed.

    I'm thinking of having a kid.... I'm thinking of home schooling....
     
  10. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    There is a homeschooling thread on this forum, there are also good resources on Redditt, I see Ron Paul has a homeschooling curriculum, check it out. And I think what you're considering is the most responsible act a parent can make in regards to their kids education. Don't ask me for advice on homeschooling though, I raised my kids in the traditional manner - and they probably didn't learn anything at school that was compulsory to learn. Complete waste of time.
     
  11. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    To the capitalist, workers are just as important as customers. Mind you they can be equally painful.
     
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  13. radiobirdman

    radiobirdman Active Member Silver Stacker

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    Would this have anything to do with record global debt? is the government going into debt to support our standard of living ok , most western country's have gone down that route,
    must be a good thing.
     
  14. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    I would doubt it.
     
  15. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    The picture of the free market is necessarily one of harmony and mutual benefit; the picture of State intervention is one of caste conflict, coercion, and exploitation. ~Murray Rothbard
     
  16. JulieW

    JulieW Well-Known Member Silver Stacker

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    A capitalist's view:

     
  17. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    I'd just say that Sinclair really means "this is the explosion of the steam cooker called capitalism in the presence of government mandated fiat currency and central banks.
     
  18. JulieW

    JulieW Well-Known Member Silver Stacker

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    And today:

     
  19. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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  20. bordsilver

    bordsilver Well-Known Member Silver Stacker

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    ^ lol - subtle, but good. :D
     

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