MindWars
Diamond Member
- Oct 14, 2016
- 42,227
- 10,772
Capitalism in action.
YOU ARE SO FKN WRONG LMFAO
The definition:
We will start out with a few generalizations about the word capitalism, I’ll explain why it really is that simple and the tell you why people who think capitalism sucks are really just plain stupid.
What is capitalism?
/cap-i-tal-ism/
noun:
An economic and political system in which a country’s trade and industry are controlled by private owners for profit.
Wikipedia
Capitalism is an economic system based on the private ownership of capital goods and the means of production, with the creation of goods and services for profit.
Neither of these definitions tells us a whole lot about capitalism at its core so let’s dive a little deeper.
What is a capitalist?
cap-i-tal-ist
Noun:
A wealthy person (apparently you have to already be wealthy in order to capitalize on anything) who uses money to invest in a trade and industry for profit in accordance with the principles of capitalism. (We’re starting to see the skew already)
Wikipedia
Wikipedia actually redirected me to the definition of capitalism that I listed before where I quickly ended up on a page about Karl Marx’s critique of political economy and his views on the capitalist mode of production.
This is where I start to get frustrated
Lets look at one more definition (capitalize) before I get started explaining why we need to be careful of how we let people redefine words and the context in which we use them.
What does it mean to capitalize?
Google:
Cap-i-tal-ize
Verb:
1: Taking the chance to gain advantage from.
2: Provide (a company or industry) with capital. For this article I will ignore this definition as it relates to the funding of businesses and the capital (money) used to start and fund business ventures.
Let’s use a little common sense
If I am capitalizing on a situation, I am simply using that situation to my benefit. Where we pervert the game is in the governance and regulation of capital and industry. When we begin picking and choosing winners and losers.
Which is really part of why it bothers me when people vilify the word capitalist or capitalism. Furthermore, the system of capitalism has served to push forward technology and innovation and has free’d more people from the clutches of poverty than any other system before it.
If you think about it, the person who tells you that capitalism is bad is actually trying to capitalize on your intellectual ignorance and sway you into thinking that their definition is the one you should believe.
As if capitalizing on a low information audience is any different than a dishonest business capitalizing on an uninformed buyer.
This is not to say that people do not capitalize on the stupidity of others (it happens all the time), but since when doe...............
Why people who think capitalism sucks are just plain stupid
YOU ARE UNINFORMED!!!
Let’s use a little common sense
If I am capitalizing on a situation, I am simply using that situation to my benefit. Where we pervert the game is in the governance and regulation of capital and industry. When we begin picking and choosing winners and losers.
Which is really part of why it bothers me when people vilify the word capitalist or capitalism. Furthermore, the system of capitalism has served to push forward technology and innovation and has free’d more people from the clutches of poverty than any other system before it.
If you think about it, the person who tells you that capitalism is bad is actually trying to capitalize on your intellectual ignorance and sway you into thinking that their definition is the one you should believe.
As if capitalizing on a low information audience is any different than a dishonest business capitalizing on an uninformed buyer.
This is not to say that people do not capitalize on the st