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Free market capitalism has been a dismal failure? What other economic system in the history of mankind has created anywhere near as much broad based wealth and prosperity? You do understand that "free market" is simply another way of saying voluntary exchange, right? Voluntary exchange being only workable in the absence of coercion of course, what other way would you like to see exchange take place, involuntarily? What other mechanism would you like to see determining the dynamics of the economy other than a free market, central planning?Actually, capitalism can be a good system. But the free market type has been a dismal failure.
Had it's moments? I'd say that's more than a bit of an understatement given that it's created the wealthiest society in the history of mankind, why would we want to change that? So that we can be less wealthy and have less economic freedom?So, the American brand of capitalism has had its moments, but it has not served society for the general good. It appears to me that the nations blending socialist policies with capitalism are doing the best for their people.
What system would that be? History clearly demonstrates that no system yet tried has been as successful at fulfilling on such a broad scale human wants and needs as that which has been practiced in the United States.We need an economic system that responds to human needs much more efficiently, especially with resources.
So it's no longer your assertion that the United States has been so economically successful because of it's resources, it's because we didn't have a "tyrannical government"? Why did the Soviet Union have a tyrannical government, did it have anything to do with the necessity to tightly control economic activity?Also, USSR had a tyrannical government.
This is what lawyers call a "document dump", instead of addressing my point you attempt to throw a book at me, I could throw a whole library of books that I've read at you on the subject of economics, however that would not provide anything useful to the discussion nor would I expect you to read them. Try addressing the point yourself......About the organized theft issue, you need to read John Perkins book. It is really enlightening!
This "free market capitalism" stuff is intellectually dishonest.Free market capitalism has been a dismal failure? What other economic system in the history of mankind has created anywhere near as much broad based wealth and prosperity? You do understand that "free market" is simply another way of saying voluntary exchange, right? Voluntary exchange being only workable in the absence of coercion of course, what other way would you like to see exchange take place, involuntarily? What other mechanism would you like to see determining the dynamics of the economy other than a free market, central planning?Actually, capitalism can be a good system. But the free market type has been a dismal failure.
Had it's moments? I'd say that's more than a bit of an understatement given that it's created the wealthiest society in the history of mankind, why would we want to change that? So that we can be less wealthy and have less economic freedom?So, the American brand of capitalism has had its moments, but it has not served society for the general good. It appears to me that the nations blending socialist policies with capitalism are doing the best for their people.
What system would that be? History clearly demonstrates that no system yet tried has been as successful at fulfilling on such a broad scale human wants and needs as that which has been practiced in the United States.We need an economic system that responds to human needs much more efficiently, especially with resources.
Really, how so ?This "free market capitalism" stuff is intellectually dishonest.
No it's not "obviously" , free markets exist wherever and whenever exchange takes place in the absence of coercion (also known as voluntary exchange).First, there is no such thing as a "free" market - obviously -
You're missing the fact that this is not a singular nor a simple problem, the effectiveness and efficiency of "degrees of regulation" vary from one market segment to the next and from one region to the next, there is no silver bullet whereby one can declare that X amount of "regulation" is the most effective and the most efficient for an entire modern economy.so the question becomes what kinds and degrees of regulation can most effectively keep its potential excesses under control without damaging its dynamism too much.
Why is it "all about equilibrium"? What does "equilibrium" entail in your mind?As with most things, it's all about equilibrium. Obviously.
Voluntary exchange IS perfect it's plain as day once you understand what it entails.Second, if a good system is not perfect you work to improve it, you don't toss the baby out with the bathwater, especially when the worldwide benefits of the system are so blazingly clear.
At this point in the discussion I prefer to stick with the Socratic method, I'm sorry if that annoys you.Just be honest, folks. Just say what you want.
.
Actually, capitalism can be a good system. But the free market type has been a dismal failure. So, the American brand of capitalism has had its moments, but it has not served society for the general good. It appears to me that the nations blending socialist policies with capitalism are doing the best for their people.I see, so your thesis is that capitalism has nothing to do with the fact that the United States is the richest nation in history? The Soviet Union was VERY rich in resources, arguably richer in resources than the United States and with a much greater land area and a larger population how come the U.S.S.R produced no where near the wealth and prosperity that the United States did over the same period? Why did the U.S.S.R collapse economically while the United States continued to prosper?Capitalism was not the reason for American prosperity. It was a consequence of the rich resources here.
You seem to think that Capitalism is the exclusive domain of the United States (hint: it isn't) everywhere around the globe where indigenous peoples got "raped" you'll find that they had a unscrupulous government that was part and parcel to said raping, that has nothing to do with capitalism since capitalism is based on voluntary exchange not organized theft.Capitalism has been raping the land here and abroad with little compensation to indigenous peoples for the land they occupied in the first place. And that includes insufficient compensation to the employees of these companies.
Finally you forgot to answer my question, to whit:
Nightfox said:What economic system(s) in your opinion has created more broad based prosperity than capitalism?
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We need an economic system that responds to human needs much more efficiently, especially with resources.
I was actually disagreeing with DonaldFG and the way anti-capitalists essentially use the term "free market" as a fact.Really, how so ?This "free market capitalism" stuff is intellectually dishonest.
No it's not "obviously" , free markets exist wherever and whenever exchange takes place in the absence of coercion (also known as voluntary exchange).First, there is no such thing as a "free" market - obviously -
You're missing the fact that this is not a singular nor a simple problem, the effectiveness and efficiency of "degrees of regulation" vary from one market segment to the next and from one region to the next, there is no silver bullet whereby one can declare that X amount of "regulation" is the most effective and the most efficient for an entire modern economy.so the question becomes what kinds and degrees of regulation can most effectively keep its potential excesses under control without damaging its dynamism too much.
Why is it "all about equilibrium"? What does "equilibrium" entail in your mind?As with most things, it's all about equilibrium. Obviously.
Voluntary exchange IS perfect it's plain as day once you understand what it entails.Second, if a good system is not perfect you work to improve it, you don't toss the baby out with the bathwater, especially when the worldwide benefits of the system are so blazingly clear.
At this point in the discussion I prefer to stick with the Socratic method, I'm sorry if that annoys you.Just be honest, folks. Just say what you want.
.
nobody cares about Bernie Sanders
This "free market capitalism" stuff is intellectually dishonest.Free market capitalism has been a dismal failure? What other economic system in the history of mankind has created anywhere near as much broad based wealth and prosperity? You do understand that "free market" is simply another way of saying voluntary exchange, right? Voluntary exchange being only workable in the absence of coercion of course, what other way would you like to see exchange take place, involuntarily? What other mechanism would you like to see determining the dynamics of the economy other than a free market, central planning?Actually, capitalism can be a good system. But the free market type has been a dismal failure.
Had it's moments? I'd say that's more than a bit of an understatement given that it's created the wealthiest society in the history of mankind, why would we want to change that? So that we can be less wealthy and have less economic freedom?So, the American brand of capitalism has had its moments, but it has not served society for the general good. It appears to me that the nations blending socialist policies with capitalism are doing the best for their people.
What system would that be? History clearly demonstrates that no system yet tried has been as successful at fulfilling on such a broad scale human wants and needs as that which has been practiced in the United States.We need an economic system that responds to human needs much more efficiently, especially with resources.
First, there is no such thing as a "free" market - obviously - so the question becomes what kinds and degrees of regulation can most effectively keep its potential excesses under control without damaging its dynamism too much. As with most things, it's all about equilibrium. Obviously.
Second, if a good system is not perfect you work to improve it, you don't toss the baby out with the bathwater, especially when the worldwide benefits of the system are so blazingly clear.
This is all a transparent excuse to completely end capitalism and replace it with Central Planning. Even Sanders himself is not proposing that.
Just be honest, folks. Just say what you want.
.
Outside of the phrase "dismal failure"?This "free market capitalism" stuff is intellectually dishonest.Free market capitalism has been a dismal failure? What other economic system in the history of mankind has created anywhere near as much broad based wealth and prosperity? You do understand that "free market" is simply another way of saying voluntary exchange, right? Voluntary exchange being only workable in the absence of coercion of course, what other way would you like to see exchange take place, involuntarily? What other mechanism would you like to see determining the dynamics of the economy other than a free market, central planning?Actually, capitalism can be a good system. But the free market type has been a dismal failure.
Had it's moments? I'd say that's more than a bit of an understatement given that it's created the wealthiest society in the history of mankind, why would we want to change that? So that we can be less wealthy and have less economic freedom?So, the American brand of capitalism has had its moments, but it has not served society for the general good. It appears to me that the nations blending socialist policies with capitalism are doing the best for their people.
What system would that be? History clearly demonstrates that no system yet tried has been as successful at fulfilling on such a broad scale human wants and needs as that which has been practiced in the United States.We need an economic system that responds to human needs much more efficiently, especially with resources.
First, there is no such thing as a "free" market - obviously - so the question becomes what kinds and degrees of regulation can most effectively keep its potential excesses under control without damaging its dynamism too much. As with most things, it's all about equilibrium. Obviously.
Second, if a good system is not perfect you work to improve it, you don't toss the baby out with the bathwater, especially when the worldwide benefits of the system are so blazingly clear.
This is all a transparent excuse to completely end capitalism and replace it with Central Planning. Even Sanders himself is not proposing that.
Just be honest, folks. Just say what you want.
.
That's feeding into a fear and there is no evidence to support that position.
Outside of the phrase "dismal failure"?
OIC, you quoted my post so I made certain assumptions........I was actually disagreeing with DonaldFG and the way anti-capitalists essentially use the term "free market" as a fact.![]()
Define "most effectively" and "too much" .......But to answer your question about equilibrium, that's what I meant by the phrase so the question becomes what kinds and degrees of regulation can most effectively keep its potential excesses under control without damaging its dynamism too much.
Yes, until it doesn't and over and unequal regulation tosses a domestic sector into decline, I'm sure you are aware that our regulations are not written by angels who would never enact regulation favorable to certain market participants at the expense of others or regulations whose unintended negative consequences supersede the original objectives.And that point of equilibrium can certainly exist at different points along a spectrum depending on industry.
.
Actually, capitalism can be a good system. But the free market type has been a dismal failure. So, the American brand of capitalism has had its moments, but it has not served society for the general good. It appears to me that the nations blending socialist policies with capitalism are doing the best for their people.I see, so your thesis is that capitalism has nothing to do with the fact that the United States is the richest nation in history? The Soviet Union was VERY rich in resources, arguably richer in resources than the United States and with a much greater land area and a larger population how come the U.S.S.R produced no where near the wealth and prosperity that the United States did over the same period? Why did the U.S.S.R collapse economically while the United States continued to prosper?Capitalism was not the reason for American prosperity. It was a consequence of the rich resources here.
You seem to think that Capitalism is the exclusive domain of the United States (hint: it isn't) everywhere around the globe where indigenous peoples got "raped" you'll find that they had a unscrupulous government that was part and parcel to said raping, that has nothing to do with capitalism since capitalism is based on voluntary exchange not organized theft.Capitalism has been raping the land here and abroad with little compensation to indigenous peoples for the land they occupied in the first place. And that includes insufficient compensation to the employees of these companies.
Finally you forgot to answer my question, to whit:
Nightfox said:What economic system(s) in your opinion has created more broad based prosperity than capitalism?
![]()
We need an economic system that responds to human needs much more efficiently, especially with resources.
Then there ya go. My point stands.It has been a dismal failure.Outside of the phrase "dismal failure"?
.
I can't put a specific point on "effective regulation" and "too much" regulation. That's a decision a society has to make - How much economic dynamism is it willing to sacrifice in order to maintain proper balance? And yes, "proper" is the key word there.OIC, you quoted my post so I made certain assumptions........I was actually disagreeing with DonaldFG and the way anti-capitalists essentially use the term "free market" as a fact.![]()
Define "most effectively" and "too much" .......But to answer your question about equilibrium, that's what I meant by the phrase so the question becomes what kinds and degrees of regulation can most effectively keep its potential excesses under control without damaging its dynamism too much.
Yes, until it doesn't and over and unequal regulation tosses a domestic sector into decline, I'm sure you are aware that our regulations are not written by angels who would never enact regulation favorable to certain market participants at the expense of others or regulations whose unintended negative consequences supersede the original objectives.And that point of equilibrium can certainly exist at different points along a spectrum depending on industry.
.