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No, the stock exchange is a consequence of public enterprising, not a precondition. By the way, King George I caused the first real stock bubble, when he sold the English national debt to the south sea company.Well, the industrial revolution helped more than what you call capitalism that was one mercantilism.
Capitalism pre-dates the industrial revolution by a couple of centuries; the IR took place under the capitalistic economic model.
??? Capitalism is a lot more than the stock exchange, which has very little to do with poverty. Where'd that comment of yours come from, it doesn't appear to be germane?
Capitalism is not necessarily a market economy, and in the 21st century it isn't. Both business consolidation and technological automation are dominant factors to eliminate markets through globalization. So capitalism is only an ideology, nothing else. And as an ideology, it is flawed like all others, including socialism. For example, in the 21st century, the migration of people is frozen aggressively, like the movements of serfs were frozen 200 years ago. Compare this to the freedom of people in the 19th century, before capitalism consolidated.
A competitive market is the hallmark of a capitalistic system, if you don't have the market then you don't have capitalism.
Prior to capitalism, most people never went farther than 20 miles from the place where they were born, unless forced to move. Took money and guts to go somewhere else. Still does.
Capitalism actually creates reverse mercantilism to saturate new markets, get lowered material cost and labor.No, the stock exchange is a consequence of public enterprising, not a precondition. By the way, King George I caused the first real stock bubble, when he sold the English national debt to the south sea company.Capitalism pre-dates the industrial revolution by a couple of centuries; the IR took place under the capitalistic economic model.
??? Capitalism is a lot more than the stock exchange, which has very little to do with poverty. Where'd that comment of yours come from, it doesn't appear to be germane?
Capitalism is not necessarily a market economy, and in the 21st century it isn't. Both business consolidation and technological automation are dominant factors to eliminate markets through globalization. So capitalism is only an ideology, nothing else. And as an ideology, it is flawed like all others, including socialism. For example, in the 21st century, the migration of people is frozen aggressively, like the movements of serfs were frozen 200 years ago. Compare this to the freedom of people in the 19th century, before capitalism consolidated.
A competitive market is the hallmark of a capitalistic system, if you don't have the market then you don't have capitalism.
Prior to capitalism, most people never went farther than 20 miles from the place where they were born, unless forced to move. Took money and guts to go somewhere else. Still does.
It is a cheap excuse to denounce capitalism when markets disappear, because it is capitalism itself as an ideology that makes markets disappear. And ironically, it was the lack of technology, that allowEd those distances that you are now quoting in the protection of markets and movement.
And capitalism has never improved a thing about poverty in America.
This is flat out wrong. Every advance you can name over the past 200 years is due to one thing: capitalism. From advances in health care, to education to transportation to agriculture to EVERYTHING you and I and everyone else today enjoys, they ALL owe their existence to capitalism. Yes we still have people living in poverty in this country, but their lives are 1000% better than people living in poverty anywhere else, especially those living in non-capitalistic countries. Look no further than Venezuela or North Korea as evidence of that.
This is true, but because somehow people have a religious belief in capitalism, the video in the OP invalidates itself like a religion invalidates itself in the hands of a ... .Capitalism actually creates reverse mercantilism to saturate new markets, get lowered materials and labor.No, the stock exchange is a consequence of public enterprising, not a precondition. By the way, King George I caused the first real stock bubble, when he sold the English national debt to the south sea company.
??? Capitalism is a lot more than the stock exchange, which has very little to do with poverty. Where'd that comment of yours come from, it doesn't appear to be germane?
Capitalism is not necessarily a market economy, and in the 21st century it isn't. Both business consolidation and technological automation are dominant factors to eliminate markets through globalization. So capitalism is only an ideology, nothing else. And as an ideology, it is flawed like all others, including socialism. For example, in the 21st century, the migration of people is frozen aggressively, like the movements of serfs were frozen 200 years ago. Compare this to the freedom of people in the 19th century, before capitalism consolidated.
A competitive market is the hallmark of a capitalistic system, if you don't have the market then you don't have capitalism.
Prior to capitalism, most people never went farther than 20 miles from the place where they were born, unless forced to move. Took money and guts to go somewhere else. Still does.
It is a cheap excuse to denounce capitalism when markets disappear, because it is capitalism itself as an ideology that makes markets disappear. And ironically, it was the lack of technology, that allowEd those distances that you are now quoting in the protection of markets and movement.
