Capitalism is NOT Democratic: Democracy is NOT Capitalist

[Toddsterpatriot]

Why is that?

Because communism sucks.
Because communists are stupid.

 

[Toddsterpatriot]

How's pharma working out in Cuba?

 

[georgephillip]

When did the NAZIs ever adopt the free market?

"The Nazis believed in war as the primary engine of human progress, and argued that the purpose of a country's economy should be to enable that country to fight and win wars of expansion.[5]

"As such, almost immediately after coming to power, they embarked on a vast program of military rearmament, which quickly dwarfed civilian investment.[6]

"During the 1930s, Nazi Germany increased its military spending faster than any other state in peacetime,[7] and the military eventually came to represent the majority of the German economy in the 1940s.[8]

"This was funded mainly through deficit financing before the war, and the Nazis expected to cover their debt by plundering the wealth of conquered nations during and after the war.[9] Such plunder did occur, but its results fell far short of Nazi expectations."

Economy of Nazi Germany - Wikipedia

 

[Toddsterpatriot]

I think our Founders followed the Magna Carta more than Athenian Democracy. At least that's the view of Yanis Varoufakis. That has led to creditor control of government for thousands of years.



"In the West, we mistakenly believe that capitalism begets inevitably democracy.

"It doesn't. Allow me to point out an interesting paradox that is threatening our economies as we speak. I call it the twin peaks paradox.

"One peak is the mountain of debts that is - has been casting a long shadow over the United States, Europe, the whole world.

"But few people discern its twin, mountain of idle cash belonging to rich savers and the corporations, too terrified to invest it into the productive activities that can generate the incomes from which you can extinguish the mountain of debts."

Creditors have controlled every western government for thousands of years; perhaps that is about to change?

Just what we need, a Greek commie to lecture American capitalism about debt.

 

[bripat9643]

What "recession" are you confabulating?

Putting People Back to Work [ushistory.org]

"Unlike Herbert Hoover, who refused to offer direct assistance to individuals, Franklin Roosevelt knew that the nation's unemployed could last only so long.

"Like his banking legislation, aid would be immediate.

"Roosevelt adopted a strategy known as 'priming the pump.'

"To start a dry pump, a farmer often has to pour a little into the pump to generate a heavy flow. Likewise, Roosevelt believed the national government could jump start a dry economy by pouring in a little federal money."

Everything Roosevelt did only made the recession last longer. Like preventing employers from lowering wages. That keeps unemployment high. The "priming the pump" theory is Voo Doo. It has never worked.

 

[bripat9643]

"The Nazis believed in war as the primary engine of human progress, and argued that the purpose of a country's economy should be to enable that country to fight and win wars of expansion.[5]

"As such, almost immediately after coming to power, they embarked on a vast program of military rearmament, which quickly dwarfed civilian investment.[6]

"During the 1930s, Nazi Germany increased its military spending faster than any other state in peacetime,[7] and the military eventually came to represent the majority of the German economy in the 1940s.[8]

"This was funded mainly through deficit financing before the war, and the Nazis expected to cover their debt by plundering the wealth of conquered nations during and after the war.[9] Such plunder did occur, but its results fell far short of Nazi expectations."

Economy of Nazi Germany - Wikipedia

"military rearmaments" is not the free market. It's crony capitalism, moron.

The correct answer is "never."

 

[bripat9643]

Ad hominem arguments make you appear ignorant, lazy, and stupid.

Is Capitalism a Threat to Democracy?

"Today, as in the nineteen-thirties, strongmen are ascendant worldwide, purging civil servants, subverting the judiciary, and bullying the press.

"In a sweeping, angry new book, 'Can Democracy Survive Global Capitalism?' (Norton), the journalist, editor, and Brandeis professor Robert Kuttner champions Polanyi as a neglected prophet.

"Like Polanyi, he believes that free markets can be crueller than citizens will tolerate, inflicting a distress that he thinks is making us newly vulnerable to the fascist solution."

Your authority is a leftwing propagandists and a liar. Nothing is crueler than socialism or communism.

Case closed.

 

[Toddsterpatriot]

"Today, our worldview has a bias – that stockholders are to be paid as much as possible, while employees are to be paid as little as possible."

Owners get to control their stuff.
Whiners like you get to whine about it.

 

[Toddsterpatriot]

For example, we now know the WMD lies about Iraq were financed mostly by TX oil companies that wanted oil prices to increase by shutting down Iraqi oil for awhile.

Shutting down Iraqi production would increase prices but shutting down US production wouldn't?

LOL!!!

You're funny.

I thought you were a huge idiot......you're just pretending to be a huge idiot. Good job!

 

[Toddsterpatriot]

Prove it.
Turd.

LOL!

 

[Toddsterpatriot]

Where did you study Economics?
How many books on the subject have you written?
Are you arrogant or stupid enough to believe anyone will ever confuse your insights with those of Marx?

When you look at the success of marxism, it's right up there with your success.

Except your stupidity hasn't killed tens of millions.

 

[Toddsterpatriot]

Do you imagine Wall Street would provide a more equal opportunity to the ownership of property than a properly functioning democracy?

democritize money - Google Search

"People also ask​

​

"What does it mean to democratize money?

"Democratizing money will therefore ensure equal opportunity to the ownership of property, and thus full participation in the democratic governance of society, as well as equal access to the banking system, which finances the creation of capital via the creation of money. ...

Democratizing Money - Levy Economics Institute of Bard College​

You didn't have an equal opportunity to own property?
You didn't have equal access to the banking system?

Why not? What stopped you?

 

[Toddsterpatriot]

How does shareholder money facilitate production of goods and services? Are shareholders assets or expenses? Why is shareholder income prioritized over employee income? What makes you think unearned income is more productive than earned income?
Stock Buybacks Are A Parasite On The US Economy

"Capital Income + Retained earnings = Revenue – (Employee income + Cost of materials)

"Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

In other words, the company could just as easily be optimized to maximize employee income. All it takes is a perspective shift.

"Kelly then talks about the fact that employees don’t even show up on the corporate balance sheet.

"That’s because employees are seen as an expense, not an asset..."

The Divine Right of Capital by Marjorie Kelly

How does shareholder money facilitate production of goods and services?

I buy goods and services with a portion of my stock sales.

You could do the same, if you had ever bought any stock......LOL

Kelly uses some simple algebra to show that this formula could just as easily be re-written as:

"Employee income + Retained earnings = Revenue – (Capital income + Cost of materials)

In other words, the company could just as easily be optimized to maximize employee income. All it takes is a perspective shift.

You should definitely do that.

"Kelly then talks about the fact that employees don’t even show up on the corporate balance sheet.

Where should they show up on a corporate balance sheet?

Balance Sheet: Explanation, Components, and Examples

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholder equity at a specific point in time.

www.investopedia.com

 

[Toddsterpatriot]

Cuba has a lower Covid mortality rate than this country.
Venezuela's economy is crippled by illegal US sanctions.
North Korea was bombed into the stone age trying to remove an American-supplied military dictator. Why are capitalists afraid to compete on anything resembling a level playing field?

Cuba has a lower Covid mortality rate than this country.

Commies never fudge the stats, eh?

Venezuela's economy is crippled by illegal US sanctions.

Capitalist countries are to blame when a socialist paradise fails? LOL!

North Korea was bombed into the stone age trying to remove an American-supplied military dictator.

And communism kept them in the stone age, nearly 70 years later.
When is that communist paradise gonna happen?

Why are capitalists afraid to compete on anything resembling a level playing field?

Like East Germany versus West Germany?

 

[Toddsterpatriot]

Everyone knows your opinion is worth less than Trump's.

Speculators Were Hung in the 17th Century. Ah, 'The Good Old Days'

You didn't buy stock or invest any money.....because you were afraid you'd be hung?

 

[Toddsterpatriot]

How many more times, Bitch?

Once would be nice, twat.

 

[Toddsterpatriot]

You know less about history than you do about economics.

Yup. Truman helped stop the commies.

 

[Toddsterpatriot]

Speculators destroy the economy:

Overthrow the Speculators

"Speculators at megabanks or investment firms such as Goldman Sachs are not, in a strict sense, capitalists.

"They do not make money from the means of production.

"Rather, they ignore or rewrite the law — ostensibly put in place to protect the vulnerable from the powerful — to steal from everyone, including their shareholders.

"They are parasites.

"They feed off the carcass of industrial capitalism.

"They produce nothing.

"They make nothing.

"They just manipulate money.

"Speculation in the 17th century was a crime.

"Speculators were hanged."

Speculators destroy the economy:

No speculators in the USSR. They must be doing great, eh comrade?

 

[Flopper]

https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners.

"Capitalism is not democratic, democracy not capitalist.

"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.

"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."

Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.

This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.

The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.

I assume you are writing about a democratic republic and regulated capitalism since pure democracy or pure capitalism do not actually exist. However regulated capitalism and a democratic republic such as we have in the US work fairly well together. What we mean by regulated capitalism is government regulations on capitalism which allows both socialism and democracy to exist. All the "isms" are idealized models that can only be partial implemented.

 

[BackAgain]

Fuck a Democracy.
Fuck our corporatocracy.
What this country needs is capitalism and to abide by the Constitution.

Although I may not have said it quite that way, I grok your meaning. And I agree.

it would be wonderful if we could nationally disabuse ourselves of the false belief that we are or should be a “democracy.”

I don’t necessarily know what you mean by “corporatocracy,” although I suppose I grasp it in a rough way. In any case, we never agreed to be ruled or managed by any corporations or combination of such elites.

We used to be a more capitalist society: and, to the extent we’ve strayed from that in favor of creeping Marxism, we could use a healthy injection of capitalism again.

And without qualification, we could help ourselves and the world in huge ways if we would commit ourselves to returning to our roots as a Constitutional Republic — and proceed accordingly.