Capitalism is NOT Democratic: Democracy is NOT Capitalist

[georgephillip]

Profit!!!!

Speculation

Finance Is Not the Economy - Evonomics

"This distinction between funding 'real' versus 'financial' capital and real estate implies a 'functional differentiation of credit' (Bezemer 2014, 935), which was central to the work of Karl Marx, John Maynard Keynes, and Schumpeter.

"Since the 1980s, the economy has been in a long cycle in which increasing bank credit has inflated prices for real estate, stocks, and bonds, leading borrowers to hope that capital gains will continue.

"Speculation gains momentum — on credit, so that debts rise almost as rapidly as asset valuations."

 

[georgephillip]

I think it's clear that the US was built on slavery, a practice that we took from other countries at the time, it's our orginial sin.....but it was capitalism that helped end slavery. Slavery runs counter to the princpals of capitlalism

I would add white supremacy underwrote both capitalism and slavery in the US and much of the rest of the world, and that particular scourge is still very much with us.

One of the First Principles of Capitalism is to pay labor as little as possible, so it's hard to imagine any wage or salary that's less than zero.

 

[georgephillip]

There is no democracy in socialism...people own nothing and make no choices....the Govt does

Your definition of socialism is completely wrong, as I've pointed out several times.

Democratic socialism - Wikipedia.

"Democratic socialism is a political philosophy that supports political democracy within a socially owned economy,[1] with a particular emphasis on economic democracy, workplace democracy, and workers' self-management[2] within a market socialist economy, or an alternative form of decentralised planned socialist economy."

Government control is one among many options for a "socially owned economy."

 

[struth]

I would add white supremacy underwrote both capitalism and slavery in the US and much of the rest of the world, and that particular scourge is still very much with us.

One of the First Principles of Capitalism is to pay labor as little as possible, so it's hard to imagine any wage or salary that's less than zero.

slavery undermines Capitalism. Slavery is a form of socialism. Under socialism, like slavery, the the slaves own nothing. They can't own anything. It all belongs to the State, or Master. Socialism, is merely slavery on a State level.

As Adam Smith, wrote, slavery is completely innefficient...therefore not compatiable with Captialism. Under capitalism, the idea is to get the most gains, you don't get that with a work force that has no skin in the game....that's why slavery fell, and why all socialist nations end up failing.

 

[struth]

Your definition of socialism is completely wrong, as I've pointed out several times.

Democratic socialism - Wikipedia.

"Democratic socialism is a political philosophy that supports political democracy within a socially owned economy,[1] with a particular emphasis on economic democracy, workplace democracy, and workers' self-management[2] within a market socialist economy, or an alternative form of decentralised planned socialist economy."

Government control is one among many options for a "socially owned economy."

hahah yeah we saw that "democractic socialism" play out in Hugo's Venezula...you clowns try to re-brand yourself all the time to sell your slavery

 

[danielpalos]

slavery undermines Capitalism. Slavery is a form of socialism. Under socialism, like slavery, the the slaves own nothing. They can't own anything. It all belongs to the State, or Master. Socialism, is merely slavery on a State level.

As Adam Smith, wrote, slavery is completely innefficient...therefore not compatiable with Captialism. Under capitalism, the idea is to get the most gains, you don't get that with a work force that has no skin in the game....that's why slavery fell, and why all socialist nations end up failing.

Yet, right-wingers have no problem with wage-slavery (due to unequal protection of the laws) and the Rich have no economic basis to care.

 

[danielpalos]

hahah yeah we saw that "democractic socialism" play out in Hugo's Venezula...you clowns try to re-brand yourself all the time to sell your slavery

Sounds more like something sfalse would say.

 

[22lcidw]

I would add white supremacy underwrote both capitalism and slavery in the US and much of the rest of the world, and that particular scourge is still very much with us.

One of the First Principles of Capitalism is to pay labor as little as possible, so it's hard to imagine any wage or salary that's less than zero.

The way of the world is advancement. To learn. The United States was not founded on Capitalism. Nor Socialism or any other system. It was founded on Freedoms. Liberties! And with flaws. All of the crap you spew. Where are the other governments of the world who did this? Any area of the Western Hemisphere had the chance to be rich. And it was the English areas that conquered and became the standard bearer for the Hemisphere and eventually the world. The thinking of Spain and France and others who came here became secondary because they did not have the Magna Carta, the English Rule of Law which were primitive in rights for peasants. But they were rights compared to most others on this planet. The Constitution of the United States was based loosely on the British rights for peasants. But went much further and is intricate. Corrupted demons wanting power found ways around it and we are now in decline. The Constitution also deals with it snippets of time. Eras begin and end within the nation's length of existence. The Industrial Era is an example.

 

[struth]

Yet, right-wingers have no problem with wage-slavery (due to unequal protection of the laws) and the Rich have no economic basis to care.

can you define "wage-slavery" - and how is it impacted to "unequal protection of the law"

 

[struth]

Sounds more like something sfalse would say.

oh yeah....cause Venezula turned into a utopia after Hugo and "democractic-socialism" took hold....

 

[danielpalos]

can you define "wage-slavery" - and how is it impacted to "unequal protection of the law"

Requiring Good Cause to quit to collect unemployment compensation in an at-will employment State is a form of "wage-slavery" where capital is a requirement in a market economy.

 

[danielpalos]

oh yeah....cause Venezula turned into a utopia after Hugo and "democractic-socialism" took hold....

Special pleading is usually considered a fallacy. You need to explain which specific policies did that. Otherwise, we could claim the South was worse and it required a civil war to correct.

 

[georgephillip]

Extracting? How?

Still no answer? Maybe a Marxist (DURR) economist can help you?

 

[Toddsterpatriot]

"Why have economies polarized so sharply since the 1980s, and especially since the 2008 crisis? How did we get so indebted without real wage and living standards rising, while cities, states, and entire nations are falling into default?"

Finance Is Not the Economy - Evonomics

Answer the question.....extracting how?

 

[danielpalos]

Right-wingers keep proving they don't care about the Law, unless they can "screw over the Poor".

 

[Toddsterpatriot]

Speculation

Finance Is Not the Economy - Evonomics

"This distinction between funding 'real' versus 'financial' capital and real estate implies a 'functional differentiation of credit' (Bezemer 2014, 935), which was central to the work of Karl Marx, John Maynard Keynes, and Schumpeter.

"Since the 1980s, the economy has been in a long cycle in which increasing bank credit has inflated prices for real estate, stocks, and bonds, leading borrowers to hope that capital gains will continue.

"Speculation gains momentum — on credit, so that debts rise almost as rapidly as asset valuations."

You definitely shouldn't borrow or buy any real estate, stocks, and bonds.

 

[bripat9643]

"Why have economies polarized so sharply since the 1980s, and especially since the 2008 crisis? How did we get so indebted without real wage and living standards rising, while cities, states, and entire nations are falling into default?"

Finance Is Not the Economy - Evonomics

They aren't polarizing, dumbass. The USA becomes more socialist with every Democrat election.

 

[danielpalos]

They aren't polarizing, dumbass. The USA becomes more socialist with every Democrat election.

That is a good thing. But for the Rich, right-wingers are simply clueless and Causeless regarding economics.

 

[bripat9643]

Right-wingers keep proving they don't care about the Law, unless they can "screw over the Poor".

What do you mean "screw the poor?" You mean we arrest them for robbing people?

 

[bripat9643]

That is a good thing. But for the Rich, right-wingers are simply clueless and Causeless regarding economics.

How does the government becoming more socialist constitute polarizing the country?