Unfettered Capitalism

[kaz]

In this country until about 1916.

Do robber barons qualify as crony capitalists?

robber baron | Definition, Significance, & Captains of Industry

"Among the earliest of the robber barons was John Jacob Astor, a fur magnate who amassed his fortune through the monopoly held by his American Fur Company over the trade in the central and western United States during the first 30 years of the 19th century.

"This monopoly was achieved in part by crushing rivals and systematically cheating Native Americans of fur pelts.

"When his competitors complained to the government, Astor’s agents resorted to violence. With his riches, Astor routinely paid off politicians to protect his business interests."

Crony capitalism is a form of socialism, not capitalism. Think about it, it's government controlling the means of production.

Capitalism just means economic freedom. Consumers, suppliers, employees, employers, all market participants make our own choices.

Crony capitalism isn't that, it's government control. Socialism

 

[kaz]

That's like saying if you hire someone to mow your lawn that he should get a share of the equity when you sell your house.

Unlike the person mowing your lawn, 99% of shareholders contribute nothing to the success of corporations unlike workers which contribute almost everything to reaching quarterly expectations. You think like a slave.

Funding the corporation isn't contributing to the company's success, Comrade? Wow, that's just stupid. You should take an economics class. It would blow your mind how stupid the shit you throw is

 

[kaz]

When they wanted to get a bill passed to build a new airport in Denver, they said it would cost $1.5 billion. It ended up costing over $5 billion.

Any private, for-profit contractors involved in that example?

Advantages and problems of privatisation - Economics Help

That chart is just more of your empty Marxist rhetoric

 

[Indeependent]

That's like saying if you hire someone to mow your lawn that he should get a share of the equity when you sell your house.

Unlike the person mowing your lawn, 99% of shareholders contribute nothing to the success of corporations unlike workers which contribute almost everything to reaching quarterly expectations. You think like a slave.

I get it you are complaining about the legal right of investors to reap the fruits of Institutional Trading.

 

[Indeependent]

When they wanted to get a bill passed to build a new airport in Denver, they said it would cost $1.5 billion. It ended up costing over $5 billion.

Any private, for-profit contractors involved in that example?

Advantages and problems of privatisation - Economics Help

If Nassau County and/or the Town Of Hempstead owned all business, everyone not related to a politician would be on welfare.

 

[georgephillip]

Then they whine when companies compensate their executives with stock.

Because greedy executives manipulate their pay with stock buy backs.

Stock Buybacks Were Once Illegal. Why Are They Legal Now?

 

[Indeependent]

Then they whine when companies compensate their executives with stock.

Because greedy executives manipulate their pay with stock buy backs.

Stock Buybacks Were Once Illegal. Why Are They Legal Now?

What's your solution?

 

[dudmuck]

In this country until about 1916.

Do robber barons qualify as crony capitalists?

robber baron | Definition, Significance, & Captains of Industry

"Among the earliest of the robber barons was John Jacob Astor, a fur magnate who amassed his fortune through the monopoly held by his American Fur Company over the trade in the central and western United States during the first 30 years of the 19th century.

"This monopoly was achieved in part by crushing rivals and systematically cheating Native Americans of fur pelts.

"When his competitors complained to the government, Astor’s agents resorted to violence. With his riches, Astor routinely paid off politicians to protect his business interests."

Crony capitalism is a form of socialism, not capitalism. Think about it, it's government controlling the means of production.

Capitalism just means economic freedom. Consumers, suppliers, employees, employers, all market participants make our own choices.

Crony capitalism isn't that, it's government control. Socialism

Socialism involves workers self management of the enterprise. If this isnt present, then its something other than socialism.

Crony capitalism is an economic system in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class.

 

[georgephillip]

As I said, it's a con. For example, know more than other people is a "market failure?" How could government possible make it possible for every person to know the same things?

Government could prosecute every instance of insider trading with the same zeal it applies to low-level, non-violent drug offenses.

Can you thinks of any examples of when individual consumers make correct, rational decisions for themselves but these choices are the wrong for society?

On Garrett Hardin’s Tragedy of the Commons

 

[kaz]

In this country until about 1916.

Do robber barons qualify as crony capitalists?

robber baron | Definition, Significance, & Captains of Industry

"Among the earliest of the robber barons was John Jacob Astor, a fur magnate who amassed his fortune through the monopoly held by his American Fur Company over the trade in the central and western United States during the first 30 years of the 19th century.

"This monopoly was achieved in part by crushing rivals and systematically cheating Native Americans of fur pelts.

"When his competitors complained to the government, Astor’s agents resorted to violence. With his riches, Astor routinely paid off politicians to protect his business interests."

Crony capitalism is a form of socialism, not capitalism. Think about it, it's government controlling the means of production.

Capitalism just means economic freedom. Consumers, suppliers, employees, employers, all market participants make our own choices.

Crony capitalism isn't that, it's government control. Socialism

Socialism involves workers self management of the enterprise. If this isnt present, then its something other than socialism.

Crony capitalism is an economic system in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class.

Now you're just making up your own definitions. Socialism is government control over the means of production.

Crony capitalism is socialism for the reason you said. Government is controlling business, central control.

Only government can centrally control production because only government can use guns to compel people to act against their own interest

 

[kaz]

As I said, it's a con. For example, know more than other people is a "market failure?" How could government possible make it possible for every person to know the same things?

Government could prosecute every instance of insider trading with the same zeal it applies to low-level, non-violent drug offenses.

Can you thinks of any examples of when individual consumers make correct, rational decisions for themselves but these choices are the wrong for society?

On Garrett Hardin’s Tragedy of the Commons

Insider trading is now a lot more serious than low level, non violent drug offenses. Unless you're a Democrat

 

[Toddsterpatriot]

Where does the marginal cost come in when you're recouping the $2 billion cost of development?

Depends on what percentage of that $2 billion came from NIH research, doesn't it?

If the company is spending over $2 billion, none came from the NIH research.
How much NIH research is funded by taxes on pharma companies?

 

[Toddsterpatriot]

Profit is the incentive for innovation and efficiency. Both missing in government.

Profit is pure greed and selfishness.

Global Capitalism: The Profit Motive Is The Root Of All Evil

"After some of its drugs were pulled off the market and calling it a ‘humanitarian mission,’ Pfizer tested an experimental antibiotic called Trovan on Nigerian children with meningitis without informing them or their families.

"11 children died, and others developed brain damage and serious arthritis.

"From the Washington Post:

"'The experiment came to light in December 2000, when The Washington Post published a lengthy examination of the trial. It found that Pfizer carried out the experiment on 200 children at a makeshift epidemic camp in the Nigerian town of Kano. The articles reported that Pfizer had no signed consent forms for the children and relied on a falsified ethics approval letter to defend the design of the experiment'".

Profit is pure greed and selfishness.

You're full of shit Ivan.

The world’s richest person (Bill Gates) has a personal wealth of $78.7 billion. This is higher than the (nominal) GDP of 130 countries, including Uruguay (population 3.4m), Ecuador (population 15.9m), Bulgaria (population 7.2m) and Croatia (population 4.3m).

His products are more in demand than those of the countries listed.

 

[Toddsterpatriot]

Owners get to decide, failures don't.

Shareholders are parasites, not owners.

Killing the Host- How Financial Parasites and Debt Destroy the Global Economy

Shareholders are parasites, not owners.

Who are the owners?

 

[Toddsterpatriot]

That's like saying if you hire someone to mow your lawn that he should get a share of the equity when you sell your house.

Unlike the person mowing your lawn, 99% of shareholders contribute nothing to the success of corporations unlike workers which contribute almost everything to reaching quarterly expectations. You think like a slave.

unlike workers which contribute almost everything to reaching quarterly expectations.

For which they receive compensation.

You think like a slave.

You think like a whiny failure.

 

[Toddsterpatriot]

That's like saying if you hire someone to mow your lawn that he should get a share of the equity when you sell your house.

Unlike the person mowing your lawn, 99% of shareholders contribute nothing to the success of corporations unlike workers which contribute almost everything to reaching quarterly expectations. You think like a slave.

Funding the corporation isn't contributing to the company's success, Comrade? Wow, that's just stupid. You should take an economics class. It would blow your mind how stupid the shit you throw is

You should take an economics class. It would blow your mind how stupid the shit you throw is

He took an economics class....taught by a Marxist.
He left knowing less than before.

 

[georgephillip]

Violence isn't a feature of capitalism. What you describe is crony capitalism.

Of all the stupidity you post, that one stands out.
Capitalism IS violence.
In the same way organized crime IS violence.

robber baron | Definition, Significance, & Captains of Industry

"It has been argued that these capitalist pioneers were the 'antecedents' of the organized crime that emerged in the United States during the Prohibition era (1920–33).

"The robber barons transformed the wealth of the American frontier into vast financial empires, amassing their fortunes by monopolizing essential industries.

"In turn, these monopolies were built upon the liberal use of tactics that are today the hallmark of organized crime: intimidation, violence, corruption, conspiracies, and fraud."

 

[Toddsterpatriot]

Then they whine when companies compensate their executives with stock.

Because greedy executives manipulate their pay with stock buy backs.

Stock Buybacks Were Once Illegal. Why Are They Legal Now?

Because returning money to shareholders is better than building giant, inefficient conglomerates.

 

[georgephillip]

They both hold up the state as the ultimate expression of society. ie both promote totalitarian government.

Fascism rose in opposition to class conflict and the international character of mainstream socialism. While fascists often invoke "national" socialism, they invariably oppose liberalism, communism, anarchism, and democratic socialism.

 

[Toddsterpatriot]

In this country until about 1916.

Do robber barons qualify as crony capitalists?

robber baron | Definition, Significance, & Captains of Industry

"Among the earliest of the robber barons was John Jacob Astor, a fur magnate who amassed his fortune through the monopoly held by his American Fur Company over the trade in the central and western United States during the first 30 years of the 19th century.

"This monopoly was achieved in part by crushing rivals and systematically cheating Native Americans of fur pelts.

"When his competitors complained to the government, Astor’s agents resorted to violence. With his riches, Astor routinely paid off politicians to protect his business interests."

Crony capitalism is a form of socialism, not capitalism. Think about it, it's government controlling the means of production.

Capitalism just means economic freedom. Consumers, suppliers, employees, employers, all market participants make our own choices.

Crony capitalism isn't that, it's government control. Socialism

Socialism involves workers self management of the enterprise. If this isnt present, then its something other than socialism.

Crony capitalism is an economic system in which businesses thrive not as a result of risk, but rather as a return on money amassed through a nexus between a business class and the political class.

Wages? What about employee compensation?