The anti-capitalistic mentality

betterinvestmentthanshare said:
Maybe a revolution is on the way.

This new way of preparing the new participants into society is now being taught in our schools, well in SA anyway.

http://youtu.be/zDZFcDGpL4U


Very interesting times ahead indeed, its a game changer.
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A great example of why a free market in education is needed.
 
L.V. Mises said:
The capitalists, the enterprisers, and the farmers are instrumental in the conduct of economic affairs. They are at the helm and steer the ship. But they are not free to shape its course. They are not supreme, they are steersmen only, bound to obey unconditionally the captain's orders. The captain is the consumer.

Neither the capitalists nor the entrepreneurs nor the farmers determine what has to be produced. The consumers do that. The producers do not produce for their own consumption but for the market. They are intent on selling their products. If the consumers do not buy the goods offered to them, the businessman cannot recover the outlays made. He loses his money. If he fails to adjust his procedure to the wishes of the consumers he will very soon be removed from his eminent position at the helm. Other men who did better in satisfying the demand of the consumers replace him.

The real bosses, in the capitalist system of market economy, are the consumers. They, by their buying and by their abstention from buying;' decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality. Their attitudes result either in profit or in loss for the enterpriser. They make poor men rich and rich men poor. They are no easy bosses. They are full of whims and fancies, changeable and unpredictable. They do not care a whit for past merit. As soon as something is offered to them that they like better or that is cheaper, they desert their old purveyors. With them nothing counts more than their own satisfaction. They bother neither about the vested interests of capitalists nor about the fate of the workers who lose their jobs if as consumers they no longer buy what they used to buy.
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bordsilver said:
L.V. Mises, Bureaucracy, p.20-1 wrote:
The real bosses, in the capitalist system of market economy, are the consumers. They, by their buying and by their abstention from buying;' decide who should own the capital and run the plants. They determine what should be produced and in what quantity and quality.
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[youtube]http://www.youtube.com/watch?v=St6Lnho1-DM[/youtube]
 
The main problem with placing consumers in charge is that they are generally uninformed and prey to Bernaysian psychological marketing manipulation. If not for my lack of faith in the average consumer, I'd agree with you 100%.

Edit: Also, shareholders would have equal or greater power than consumers, and within this "power struggle", greed remains the primary motivation.
 
[youtube]http://www.youtube.com/watch?v=Y3ykR5x6ZdI[/youtube]

How the public is manipulated by corporations to want things they don't need ....
 
smk762 said:
The main problem with placing consumers in charge is that they are generally uninformed and prey to Bernaysian psychological marketing manipulation. If not for my lack of faith in the average consumer, I'd agree with you 100%.
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So you are saying that there should be some authority that makes decisions about purchases on our behalf? :/
 
mmm....shiney! said:
smk762 said:
The main problem with placing consumers in charge is that they are generally uninformed and prey to Bernaysian psychological marketing manipulation. If not for my lack of faith in the average consumer, I'd agree with you 100%.
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So you are saying that there should be some authority that makes decisions about purchases on our behalf? :/
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There already is. It is called social engineering.
 
mmm....shiney! said:
smk762 said:
The main problem with placing consumers in charge is that they are generally uninformed and prey to Bernaysian psychological marketing manipulation. If not for my lack of faith in the average consumer, I'd agree with you 100%.
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So you are saying that there should be some authority that makes decisions about purchases on our behalf? :/
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No. I'm saying people are stupid, easily led, and will inevitably, unknowingly, delegate their power to whoever whispers in their ear often enough.
 
The industrialists are the ones that make the products and the pollution it creates. They are also the same group that want the masses to take responsibility for it...
 
smk762 said:
mmm....shiney! said:
smk762 said:
The main problem with placing consumers in charge is that they are generally uninformed and prey to Bernaysian psychological marketing manipulation. If not for my lack of faith in the average consumer, I'd agree with you 100%.
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So you are saying that there should be some authority that makes decisions about purchases on our behalf? :/
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No. I'm saying people are stupid, easily led, and will inevitably, unknowingly, delegate their power to whoever whispers in their ear often enough.
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So what? You have a choice as a consumer, make your own decisions or let others make it for you.
 
systematic said:
The industrialists are the ones that make the products and the pollution it creates. They are also the same group that want the masses to take responsibility for it...
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That is a load of shite.
 
mmm....shiney! said:
systematic said:
The industrialists are the ones that make the products and the pollution it creates. They are also the same group that want the masses to take responsibility for it...
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That is a load of shite.
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That is what they want the public to believe so they can preserve their wealth especially when it comes to the idea of a carbon tax .... let the people pay ....

And by the way, the earth is not the centre of the universe and nor is it flat ... even though many i am sure thought it was a load of "shite" ...
 
systematic said:
The industrialists are the ones that make the products and the pollution it creates. They are also the same group that want the masses to take responsibility for it...
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I'm not exactly sure what point you are trying to make so I'll respond to two possible ones.

First, "pollution" is only an issue if it affects the property of others in which case this is simply a legal issue that is independent of capitalism. Yes, producers have economic incentives to inappropriately dispose of their unwanted property (ie waste) but so does every single individual so, again, this has nothing to do with capitalism.

Second, as per the post, producers only make products because customers want them (or in the expectation that they will be wanted). The customers are responsible for the presence of large numbers of cars, trucks, electricity, drugs, sugary beverages, etc in existence and which brands, product lines are in existence compared to others. The suppliers are responsible for offering goods at the prices they wish (or are able) to supply them. They simply offer X tonnes of nutritionless, tasteless tomatoes free of blemishes of a consistent size and appealing colour at $x/kg and either they sell compared to the organic, blemished, nutrient packed oddly shaped tomatoes at $y/kg or they do not. If they do not sell they won't be produced in any significant quantity. In the face of what else is available on the market the supplier can change the X tonnes and/or the $x/kg and that is the limit of their power. Suppliers offer a vast array of products that can possibly be made with the resources and technology available to them. Consumers dictate what should be offered and who should offer them.
 
I am not in Kansas. The Deepwater Horizon disaster should have shaken people out of their day dreaming but it seems not. China's production rate says it all about capitalism theory ...
 
systematic said:
The industrialists are the ones that make the products and the pollution it creates. They are also the same group that want the masses to take responsibility for it...
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.... they say, as they pull up in their concrete driveway in their car, walk into their house full of consumer items, turn their lights on, use their PC to log on to a forum that supports mining and smelting... .... :lol: :lol: :lol:
 
systematic said:
Apart from the environmental impact, how much do these companies pay in tax? SFA ....
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So what? What is taxing them more going to do for the environment?
 
wrcmad said:
systematic said:
Apart from the environmental impact, how much do these companies pay in tax? SFA ....
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So what? What is taxing them more going to do for the environment?
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It could go to clean up their act but why should they when the ignorant public is willing to pick up the tab ....
 
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