'What Caused Capitalism?'

[midcan5]

Interesting article. By Jeremy Adelman | Foreign Affairs | 13th May 2015

Hopefully you can read this, I check them out through thebrowser.com.

What Caused Capitalism

Quotes only haphazardly related. lol But hopefully they will whet your appetite and help you see the complexity of economics in the modern world and lose the ideologies that often excuse the status quo.

"Most interactions with people that you trust, people that you love, or people that just need to cooperate with on an immediate basis, take the form of “From each according to their abilities, to each according to their needs.” It doesn’t matter if you’re working for the government, working for a corporation, or working in your family; if you need to fix the toilet because it’s leaking and you say “Hand me the wrench,” the other guy doesn’t say “What do I get for that?” It’s not an exchange; people act according to their abilities to chip in. Ironically communism is applied because it’s the only thing that works; it’s the most efficient way to allocate resources. Thus I like to say that you could argue that capitalism is just a bad way of organizing communism." David Graeber

Mod Edit:

• Copyright. Link Each "Copy & Paste" to It's Source. Only paste a small to medium section of the material.

http://www.nytimes.com/2012/10/14/opinion/sunday/the-self-destruction-of-the-1-percent.html

 

[guno]

Interesting article. By Jeremy Adelman | Foreign Affairs | 13th May 2015

Hopefully you can read this, I check them out through thebrowser.com.

What Caused Capitalism

Quotes only haphazardly related. lol But hopefully they will whet your appetite and help you see the complexity of economics in the modern world and lose the ideologies that often excuse the status quo.

"Most interactions with people that you trust, people that you love, or people that just need to cooperate with on an immediate basis, take the form of “From each according to their abilities, to each according to their needs.” It doesn’t matter if you’re working for the government, working for a corporation, or working in your family; if you need to fix the toilet because it’s leaking and you say “Hand me the wrench,” the other guy doesn’t say “What do I get for that?” It’s not an exchange; people act according to their abilities to chip in. Ironically communism is applied because it’s the only thing that works; it’s the most efficient way to allocate resources. Thus I like to say that you could argue that capitalism is just a bad way of organizing communism." David Graeber

Free Market Seductions: "The free market story is appealing. It references values like freedom, creativity, and beauty and counterposes itself against images of drudgery, dictatorship, and starvation. But the history of markets (and the firms that operate within them) is not a nature story.... Today, the dominant discourse governing discussion of markets, states, and companies is neoliberalism, and Mackey's [Whole Foods] free market business model and historical narrative fit neatly within this framework. In this vision, the economic sphere is "an autonomous, self-adjusting, and self-regulated system that [can] achieve a natural equilibrium spontaneously and produce increased wealth. "But the free market historical narrative lacks empirical weight. As economic historian Karl Polanyi argued decades ago, capitalist markets are a product of state engineering, not nature." p58 Nicole Aschoff, 'The New Prophets of Capital'

"Capitalism is the ownership and use of the concrete but dynamic elements in a society - what is commonly known as the means of production. A capitalist is someone who produces more capital through the production of the means he owns. This necessitates the periodic reinvestment of part of the capital earned into the repair, modernization and expansion of the means. Capitalism is therefore the ownership of an abstraction called capital, rendered concrete by its ownership of the means of production, which through actual production creates new capital.... However, capitalism as conceived today tends to revolve around something called the profit motive, even though profit is neither a cause of capitalism nor at the heart of the capitalist action. Profit is a useful result of the process, nothing more. As for the ownership of the means of production, this has been superseded by their management. And yet, to manage is to administer, which is a bureaucratic function. Alternately, there is a growing reliance upon the use of capital itself to produce new capital. But that is speculation, not production. Much of the development of the means of production is now rejected as unprofitable and, frankly, beneath the dignity of the modern manager, who would rather leave such labour and factory-intensive "dirty" work to Third World societies. Finally , the contemporary idea of capitalism grandly presents "service" as its new sophisticated manifestation. But the selling of one's own skills is not a capitalist art. And most of the jobs being created by the service industries are with the exception of the high-technology sector descendants of the pre-eighteenth-century commerce in trade and services." p360 'Voltaire's Bas_tards: The Dictatorship of Reason in the West' John Ralston Saul

"....If Marxism is the delusion that one can run society purely on altruism and collectivism, then libertarianism is the mirror-image delusion that one can run it purely on selfishness and individualism. Society in fact requires both individualism and collectivism, both selfishness and altruism, to function. Like Marxism, libertarianism offers the fraudulent intellectual security of a complete a priori account of the political good without the effort of empirical investigation. Like Marxism, it aspires, overtly or covertly, to reduce social life to economics. And like Marxism, it has its historical myths and a genius for making its followers feel like an elect unbound by the moral rules of their society." Robert Locke Marxism of the Right The American Conservative

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Abraham Lincoln (Marxist ?)

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." John Maynard Keynes / E. Austin G. Robinson, As quoted in Michael Albert, Moving Forward: Programme for a Parlicipatory Economy (Edinburgh: AK, 2000)

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today, as the 1 percent pulls away from everyone else and pursues an economic, political and social agenda that will increase that gap even further — ultimately destroying the open system that made America rich and allowed its 1 percent to thrive in the first place.

You can see America’s creeping Serrata [or the closure, see link below] in the growing social and, especially, educational chasm between those at the top and everyone else. At the bottom and in the middle, American society is fraying, and the children of these struggling families are lagging the rest of the world at school." http://www.nytimes.com/2012/10/14/opinion/sunday/the-self-destruction-of-the-1-percent.html

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today,

And Marx had it right, If anyone takes the time to actually read Marx people would see the history

 

[Delta4Embassy]

Have had money since long before the Bible was written, so I'd think capitalism is natural and inevitible. Producers of goods and services others need or want will trade them for monies or other goods and services. Something for something in other words. I can't imagine communism came before where producers give things away for free, so capitalism woulda been first.

Wasa great old loony tunes cartoon about a shoemaker and elves that explained it well

Merrie Melodies - Yankee Dood It B99.TV

MP4 version.



Flash version

 

[bripat9643]

Interesting article. By Jeremy Adelman | Foreign Affairs | 13th May 2015

Hopefully you can read this, I check them out through thebrowser.com.

What Caused Capitalism

Quotes only haphazardly related. lol But hopefully they will whet your appetite and help you see the complexity of economics in the modern world and lose the ideologies that often excuse the status quo.

"Most interactions with people that you trust, people that you love, or people that just need to cooperate with on an immediate basis, take the form of “From each according to their abilities, to each according to their needs.” It doesn’t matter if you’re working for the government, working for a corporation, or working in your family; if you need to fix the toilet because it’s leaking and you say “Hand me the wrench,” the other guy doesn’t say “What do I get for that?” It’s not an exchange; people act according to their abilities to chip in. Ironically communism is applied because it’s the only thing that works; it’s the most efficient way to allocate resources. Thus I like to say that you could argue that capitalism is just a bad way of organizing communism." David Graeber

Free Market Seductions: "The free market story is appealing. It references values like freedom, creativity, and beauty and counterposes itself against images of drudgery, dictatorship, and starvation. But the history of markets (and the firms that operate within them) is not a nature story.... Today, the dominant discourse governing discussion of markets, states, and companies is neoliberalism, and Mackey's [Whole Foods] free market business model and historical narrative fit neatly within this framework. In this vision, the economic sphere is "an autonomous, self-adjusting, and self-regulated system that [can] achieve a natural equilibrium spontaneously and produce increased wealth. "But the free market historical narrative lacks empirical weight. As economic historian Karl Polanyi argued decades ago, capitalist markets are a product of state engineering, not nature." p58 Nicole Aschoff, 'The New Prophets of Capital'

"Capitalism is the ownership and use of the concrete but dynamic elements in a society - what is commonly known as the means of production. A capitalist is someone who produces more capital through the production of the means he owns. This necessitates the periodic reinvestment of part of the capital earned into the repair, modernization and expansion of the means. Capitalism is therefore the ownership of an abstraction called capital, rendered concrete by its ownership of the means of production, which through actual production creates new capital.... However, capitalism as conceived today tends to revolve around something called the profit motive, even though profit is neither a cause of capitalism nor at the heart of the capitalist action. Profit is a useful result of the process, nothing more. As for the ownership of the means of production, this has been superseded by their management. And yet, to manage is to administer, which is a bureaucratic function. Alternately, there is a growing reliance upon the use of capital itself to produce new capital. But that is speculation, not production. Much of the development of the means of production is now rejected as unprofitable and, frankly, beneath the dignity of the modern manager, who would rather leave such labour and factory-intensive "dirty" work to Third World societies. Finally , the contemporary idea of capitalism grandly presents "service" as its new sophisticated manifestation. But the selling of one's own skills is not a capitalist art. And most of the jobs being created by the service industries are with the exception of the high-technology sector descendants of the pre-eighteenth-century commerce in trade and services." p360 'Voltaire's Bas_tards: The Dictatorship of Reason in the West' John Ralston Saul

"....If Marxism is the delusion that one can run society purely on altruism and collectivism, then libertarianism is the mirror-image delusion that one can run it purely on selfishness and individualism. Society in fact requires both individualism and collectivism, both selfishness and altruism, to function. Like Marxism, libertarianism offers the fraudulent intellectual security of a complete a priori account of the political good without the effort of empirical investigation. Like Marxism, it aspires, overtly or covertly, to reduce social life to economics. And like Marxism, it has its historical myths and a genius for making its followers feel like an elect unbound by the moral rules of their society." Robert Locke Marxism of the Right The American Conservative

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Abraham Lincoln (Marxist ?)

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." John Maynard Keynes / E. Austin G. Robinson, As quoted in Michael Albert, Moving Forward: Programme for a Parlicipatory Economy (Edinburgh: AK, 2000)

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today, as the 1 percent pulls away from everyone else and pursues an economic, political and social agenda that will increase that gap even further — ultimately destroying the open system that made America rich and allowed its 1 percent to thrive in the first place.

You can see America’s creeping Serrata [or the closure, see link below] in the growing social and, especially, educational chasm between those at the top and everyone else. At the bottom and in the middle, American society is fraying, and the children of these struggling families are lagging the rest of the world at school." http://www.nytimes.com/2012/10/14/opinion/sunday/the-self-destruction-of-the-1-percent.html

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today,

And Marx had it right, If anyone takes the time to actually read Marx people would see the history

And another forum idiot self-identifies.

 

[bripat9643]

Interesting article. By Jeremy Adelman | Foreign Affairs | 13th May 2015

Hopefully you can read this, I check them out through thebrowser.com.

What Caused Capitalism

Quotes only haphazardly related. lol But hopefully they will whet your appetite and help you see the complexity of economics in the modern world and lose the ideologies that often excuse the status quo.

"Most interactions with people that you trust, people that you love, or people that just need to cooperate with on an immediate basis, take the form of “From each according to their abilities, to each according to their needs.” It doesn’t matter if you’re working for the government, working for a corporation, or working in your family; if you need to fix the toilet because it’s leaking and you say “Hand me the wrench,” the other guy doesn’t say “What do I get for that?” It’s not an exchange; people act according to their abilities to chip in. Ironically communism is applied because it’s the only thing that works; it’s the most efficient way to allocate resources. Thus I like to say that you could argue that capitalism is just a bad way of organizing communism." David Graeber

Free Market Seductions: "The free market story is appealing. It references values like freedom, creativity, and beauty and counterposes itself against images of drudgery, dictatorship, and starvation. But the history of markets (and the firms that operate within them) is not a nature story.... Today, the dominant discourse governing discussion of markets, states, and companies is neoliberalism, and Mackey's [Whole Foods] free market business model and historical narrative fit neatly within this framework. In this vision, the economic sphere is "an autonomous, self-adjusting, and self-regulated system that [can] achieve a natural equilibrium spontaneously and produce increased wealth. "But the free market historical narrative lacks empirical weight. As economic historian Karl Polanyi argued decades ago, capitalist markets are a product of state engineering, not nature." p58 Nicole Aschoff, 'The New Prophets of Capital'

"Capitalism is the ownership and use of the concrete but dynamic elements in a society - what is commonly known as the means of production. A capitalist is someone who produces more capital through the production of the means he owns. This necessitates the periodic reinvestment of part of the capital earned into the repair, modernization and expansion of the means. Capitalism is therefore the ownership of an abstraction called capital, rendered concrete by its ownership of the means of production, which through actual production creates new capital.... However, capitalism as conceived today tends to revolve around something called the profit motive, even though profit is neither a cause of capitalism nor at the heart of the capitalist action. Profit is a useful result of the process, nothing more. As for the ownership of the means of production, this has been superseded by their management. And yet, to manage is to administer, which is a bureaucratic function. Alternately, there is a growing reliance upon the use of capital itself to produce new capital. But that is speculation, not production. Much of the development of the means of production is now rejected as unprofitable and, frankly, beneath the dignity of the modern manager, who would rather leave such labour and factory-intensive "dirty" work to Third World societies. Finally , the contemporary idea of capitalism grandly presents "service" as its new sophisticated manifestation. But the selling of one's own skills is not a capitalist art. And most of the jobs being created by the service industries are with the exception of the high-technology sector descendants of the pre-eighteenth-century commerce in trade and services." p360 'Voltaire's Bas_tards: The Dictatorship of Reason in the West' John Ralston Saul

"....If Marxism is the delusion that one can run society purely on altruism and collectivism, then libertarianism is the mirror-image delusion that one can run it purely on selfishness and individualism. Society in fact requires both individualism and collectivism, both selfishness and altruism, to function. Like Marxism, libertarianism offers the fraudulent intellectual security of a complete a priori account of the political good without the effort of empirical investigation. Like Marxism, it aspires, overtly or covertly, to reduce social life to economics. And like Marxism, it has its historical myths and a genius for making its followers feel like an elect unbound by the moral rules of their society." Robert Locke Marxism of the Right The American Conservative

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Abraham Lincoln (Marxist ?)

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." John Maynard Keynes / E. Austin G. Robinson, As quoted in Michael Albert, Moving Forward: Programme for a Parlicipatory Economy (Edinburgh: AK, 2000)

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today, as the 1 percent pulls away from everyone else and pursues an economic, political and social agenda that will increase that gap even further — ultimately destroying the open system that made America rich and allowed its 1 percent to thrive in the first place.

You can see America’s creeping Serrata [or the closure, see link below] in the growing social and, especially, educational chasm between those at the top and everyone else. At the bottom and in the middle, American society is fraying, and the children of these struggling families are lagging the rest of the world at school." http://www.nytimes.com/2012/10/14/opinion/sunday/the-self-destruction-of-the-1-percent.html

Marxist propaganda.

 

[guno]

Interesting article. By Jeremy Adelman | Foreign Affairs | 13th May 2015

Hopefully you can read this, I check them out through thebrowser.com.

What Caused Capitalism

Quotes only haphazardly related. lol But hopefully they will whet your appetite and help you see the complexity of economics in the modern world and lose the ideologies that often excuse the status quo.

"Most interactions with people that you trust, people that you love, or people that just need to cooperate with on an immediate basis, take the form of “From each according to their abilities, to each according to their needs.” It doesn’t matter if you’re working for the government, working for a corporation, or working in your family; if you need to fix the toilet because it’s leaking and you say “Hand me the wrench,” the other guy doesn’t say “What do I get for that?” It’s not an exchange; people act according to their abilities to chip in. Ironically communism is applied because it’s the only thing that works; it’s the most efficient way to allocate resources. Thus I like to say that you could argue that capitalism is just a bad way of organizing communism." David Graeber

Free Market Seductions: "The free market story is appealing. It references values like freedom, creativity, and beauty and counterposes itself against images of drudgery, dictatorship, and starvation. But the history of markets (and the firms that operate within them) is not a nature story.... Today, the dominant discourse governing discussion of markets, states, and companies is neoliberalism, and Mackey's [Whole Foods] free market business model and historical narrative fit neatly within this framework. In this vision, the economic sphere is "an autonomous, self-adjusting, and self-regulated system that [can] achieve a natural equilibrium spontaneously and produce increased wealth. "But the free market historical narrative lacks empirical weight. As economic historian Karl Polanyi argued decades ago, capitalist markets are a product of state engineering, not nature." p58 Nicole Aschoff, 'The New Prophets of Capital'

"Capitalism is the ownership and use of the concrete but dynamic elements in a society - what is commonly known as the means of production. A capitalist is someone who produces more capital through the production of the means he owns. This necessitates the periodic reinvestment of part of the capital earned into the repair, modernization and expansion of the means. Capitalism is therefore the ownership of an abstraction called capital, rendered concrete by its ownership of the means of production, which through actual production creates new capital.... However, capitalism as conceived today tends to revolve around something called the profit motive, even though profit is neither a cause of capitalism nor at the heart of the capitalist action. Profit is a useful result of the process, nothing more. As for the ownership of the means of production, this has been superseded by their management. And yet, to manage is to administer, which is a bureaucratic function. Alternately, there is a growing reliance upon the use of capital itself to produce new capital. But that is speculation, not production. Much of the development of the means of production is now rejected as unprofitable and, frankly, beneath the dignity of the modern manager, who would rather leave such labour and factory-intensive "dirty" work to Third World societies. Finally , the contemporary idea of capitalism grandly presents "service" as its new sophisticated manifestation. But the selling of one's own skills is not a capitalist art. And most of the jobs being created by the service industries are with the exception of the high-technology sector descendants of the pre-eighteenth-century commerce in trade and services." p360 'Voltaire's Bas_tards: The Dictatorship of Reason in the West' John Ralston Saul

"....If Marxism is the delusion that one can run society purely on altruism and collectivism, then libertarianism is the mirror-image delusion that one can run it purely on selfishness and individualism. Society in fact requires both individualism and collectivism, both selfishness and altruism, to function. Like Marxism, libertarianism offers the fraudulent intellectual security of a complete a priori account of the political good without the effort of empirical investigation. Like Marxism, it aspires, overtly or covertly, to reduce social life to economics. And like Marxism, it has its historical myths and a genius for making its followers feel like an elect unbound by the moral rules of their society." Robert Locke Marxism of the Right The American Conservative

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Abraham Lincoln (Marxist ?)

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." John Maynard Keynes / E. Austin G. Robinson, As quoted in Michael Albert, Moving Forward: Programme for a Parlicipatory Economy (Edinburgh: AK, 2000)

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today, as the 1 percent pulls away from everyone else and pursues an economic, political and social agenda that will increase that gap even further — ultimately destroying the open system that made America rich and allowed its 1 percent to thrive in the first place.

You can see America’s creeping Serrata [or the closure, see link below] in the growing social and, especially, educational chasm between those at the top and everyone else. At the bottom and in the middle, American society is fraying, and the children of these struggling families are lagging the rest of the world at school." http://www.nytimes.com/2012/10/14/opinion/sunday/the-self-destruction-of-the-1-percent.html

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today,

And Marx had it right, If anyone takes the time to actually read Marx people would see the history

And another forum idiot self-identifies.

^^^^

Another white southern inbreed

 

[guno]

Maybe this will help educate

 

[bripat9643]

Interesting article. By Jeremy Adelman | Foreign Affairs | 13th May 2015

Hopefully you can read this, I check them out through thebrowser.com.

What Caused Capitalism

Quotes only haphazardly related. lol But hopefully they will whet your appetite and help you see the complexity of economics in the modern world and lose the ideologies that often excuse the status quo.

"Most interactions with people that you trust, people that you love, or people that just need to cooperate with on an immediate basis, take the form of “From each according to their abilities, to each according to their needs.” It doesn’t matter if you’re working for the government, working for a corporation, or working in your family; if you need to fix the toilet because it’s leaking and you say “Hand me the wrench,” the other guy doesn’t say “What do I get for that?” It’s not an exchange; people act according to their abilities to chip in. Ironically communism is applied because it’s the only thing that works; it’s the most efficient way to allocate resources. Thus I like to say that you could argue that capitalism is just a bad way of organizing communism." David Graeber

Free Market Seductions: "The free market story is appealing. It references values like freedom, creativity, and beauty and counterposes itself against images of drudgery, dictatorship, and starvation. But the history of markets (and the firms that operate within them) is not a nature story.... Today, the dominant discourse governing discussion of markets, states, and companies is neoliberalism, and Mackey's [Whole Foods] free market business model and historical narrative fit neatly within this framework. In this vision, the economic sphere is "an autonomous, self-adjusting, and self-regulated system that [can] achieve a natural equilibrium spontaneously and produce increased wealth. "But the free market historical narrative lacks empirical weight. As economic historian Karl Polanyi argued decades ago, capitalist markets are a product of state engineering, not nature." p58 Nicole Aschoff, 'The New Prophets of Capital'

"Capitalism is the ownership and use of the concrete but dynamic elements in a society - what is commonly known as the means of production. A capitalist is someone who produces more capital through the production of the means he owns. This necessitates the periodic reinvestment of part of the capital earned into the repair, modernization and expansion of the means. Capitalism is therefore the ownership of an abstraction called capital, rendered concrete by its ownership of the means of production, which through actual production creates new capital.... However, capitalism as conceived today tends to revolve around something called the profit motive, even though profit is neither a cause of capitalism nor at the heart of the capitalist action. Profit is a useful result of the process, nothing more. As for the ownership of the means of production, this has been superseded by their management. And yet, to manage is to administer, which is a bureaucratic function. Alternately, there is a growing reliance upon the use of capital itself to produce new capital. But that is speculation, not production. Much of the development of the means of production is now rejected as unprofitable and, frankly, beneath the dignity of the modern manager, who would rather leave such labour and factory-intensive "dirty" work to Third World societies. Finally , the contemporary idea of capitalism grandly presents "service" as its new sophisticated manifestation. But the selling of one's own skills is not a capitalist art. And most of the jobs being created by the service industries are with the exception of the high-technology sector descendants of the pre-eighteenth-century commerce in trade and services." p360 'Voltaire's Bas_tards: The Dictatorship of Reason in the West' John Ralston Saul

"....If Marxism is the delusion that one can run society purely on altruism and collectivism, then libertarianism is the mirror-image delusion that one can run it purely on selfishness and individualism. Society in fact requires both individualism and collectivism, both selfishness and altruism, to function. Like Marxism, libertarianism offers the fraudulent intellectual security of a complete a priori account of the political good without the effort of empirical investigation. Like Marxism, it aspires, overtly or covertly, to reduce social life to economics. And like Marxism, it has its historical myths and a genius for making its followers feel like an elect unbound by the moral rules of their society." Robert Locke Marxism of the Right The American Conservative

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Abraham Lincoln (Marxist ?)

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." John Maynard Keynes / E. Austin G. Robinson, As quoted in Michael Albert, Moving Forward: Programme for a Parlicipatory Economy (Edinburgh: AK, 2000)

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today, as the 1 percent pulls away from everyone else and pursues an economic, political and social agenda that will increase that gap even further — ultimately destroying the open system that made America rich and allowed its 1 percent to thrive in the first place.

You can see America’s creeping Serrata [or the closure, see link below] in the growing social and, especially, educational chasm between those at the top and everyone else. At the bottom and in the middle, American society is fraying, and the children of these struggling families are lagging the rest of the world at school." http://www.nytimes.com/2012/10/14/opinion/sunday/the-self-destruction-of-the-1-percent.html

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today,

And Marx had it right, If anyone takes the time to actually read Marx people would see the history

And another forum idiot self-identifies.

^^^^

Another white southern inbreed

I was born in Boston, you brainwashed moron.

 

[there4eyeM]

If anything 'caused' capitalism, it was that Europe finally emerged enough from the 'Middle Ages' to start producing surpluses and luxury goods.
The Italian bankers effectively 'invented' capitalism.
We are not talking about an ideology, here, just a mechanism of economics, a choice, one way of approaching things.

 

[bripat9643]

If anything 'caused' capitalism, it was that Europe finally emerged enough from the 'Middle Ages' to start producing surpluses and luxury goods.

In other words, capitalism caused capitalism. Thanks for demonstrating your capability for rational thought.

The Italian bankers effectively 'invented' capitalism. We are not talking about an ideology, here, just a mechanism of economics, a choice, one way of approaching things.

No they didn't invent capitalism. It arose first in England, so how do you give credit for capitalism to Italian bankers?

You're right: capitalism isn't an ideology. It's simply the result of understanding the laws of economics. Ideologies either endorse those policies or reject them. Liberalism does the later.

 

[there4eyeM]

England?


Link?

 

[guno]

Neoliberalism's failure

Since the 1980s it is a term used primarily by scholars and critics in reference to the resurgence of ideas associated with laissez-faire economic liberalism beginning in the 1970s and 1980s, whose advocates support extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to enhance the role of the private sector in the economy. Neoliberalism is famously associated with the economic policies introduced by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States. The transition of consensus towards neoliberal policies, and the acceptance of neoliberal economic theories in the 1970s is seen by some academics as the root of financialization with the Financial crisis of 2007–08 seen as one of the ultimate results

 

[bripat9643]

England?


Link?

Puhleeze. Haven't you ever read a history book? Where were the first factories built? Where was the steam engine invented? The railroad?

 

[there4eyeM]

Someone misunderstood my post. It was directed at people who understand what capitalism is and who have read history books.

 

[bripat9643]

Someone misunderstood my post. It was directed at people who understand what capitalism is and who have read history books.

ROFL! That doesn't include you, obviously.

So tell us, how did Italian bankers create capitalism?

 

[there4eyeM]

How many are you?

 

[bripat9643]

Neoliberalism's failure

Since the 1980s it is a term used primarily by scholars and critics in reference to the resurgence of ideas associated with laissez-faire economic liberalism beginning in the 1970s and 1980s, whose advocates support extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to enhance the role of the private sector in the economy. Neoliberalism is famously associated with the economic policies introduced by Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States. The transition of consensus towards neoliberal policies, and the acceptance of neoliberal economic theories in the 1970s is seen by some academics as the root of financialization with the Financial crisis of 2007–08 seen as one of the ultimate results

More propaganda. Government caused the financial crisis of 2007-2008.

 

[CrusaderFrank]

Communism fails 100% of the time irrespective of the scale or scope of the economy. The OP is delusional to believe that government coersion is equivalent to asking my brother to help me fix a leak.

Delusional.

 

[bripat9643]

How many are you?

Huh?

 

[guno]

Interesting article. By Jeremy Adelman | Foreign Affairs | 13th May 2015

Hopefully you can read this, I check them out through thebrowser.com.

What Caused Capitalism

Quotes only haphazardly related. lol But hopefully they will whet your appetite and help you see the complexity of economics in the modern world and lose the ideologies that often excuse the status quo.

"Most interactions with people that you trust, people that you love, or people that just need to cooperate with on an immediate basis, take the form of “From each according to their abilities, to each according to their needs.” It doesn’t matter if you’re working for the government, working for a corporation, or working in your family; if you need to fix the toilet because it’s leaking and you say “Hand me the wrench,” the other guy doesn’t say “What do I get for that?” It’s not an exchange; people act according to their abilities to chip in. Ironically communism is applied because it’s the only thing that works; it’s the most efficient way to allocate resources. Thus I like to say that you could argue that capitalism is just a bad way of organizing communism." David Graeber

Free Market Seductions: "The free market story is appealing. It references values like freedom, creativity, and beauty and counterposes itself against images of drudgery, dictatorship, and starvation. But the history of markets (and the firms that operate within them) is not a nature story.... Today, the dominant discourse governing discussion of markets, states, and companies is neoliberalism, and Mackey's [Whole Foods] free market business model and historical narrative fit neatly within this framework. In this vision, the economic sphere is "an autonomous, self-adjusting, and self-regulated system that [can] achieve a natural equilibrium spontaneously and produce increased wealth. "But the free market historical narrative lacks empirical weight. As economic historian Karl Polanyi argued decades ago, capitalist markets are a product of state engineering, not nature." p58 Nicole Aschoff, 'The New Prophets of Capital'

"Capitalism is the ownership and use of the concrete but dynamic elements in a society - what is commonly known as the means of production. A capitalist is someone who produces more capital through the production of the means he owns. This necessitates the periodic reinvestment of part of the capital earned into the repair, modernization and expansion of the means. Capitalism is therefore the ownership of an abstraction called capital, rendered concrete by its ownership of the means of production, which through actual production creates new capital.... However, capitalism as conceived today tends to revolve around something called the profit motive, even though profit is neither a cause of capitalism nor at the heart of the capitalist action. Profit is a useful result of the process, nothing more. As for the ownership of the means of production, this has been superseded by their management. And yet, to manage is to administer, which is a bureaucratic function. Alternately, there is a growing reliance upon the use of capital itself to produce new capital. But that is speculation, not production. Much of the development of the means of production is now rejected as unprofitable and, frankly, beneath the dignity of the modern manager, who would rather leave such labour and factory-intensive "dirty" work to Third World societies. Finally , the contemporary idea of capitalism grandly presents "service" as its new sophisticated manifestation. But the selling of one's own skills is not a capitalist art. And most of the jobs being created by the service industries are with the exception of the high-technology sector descendants of the pre-eighteenth-century commerce in trade and services." p360 'Voltaire's Bas_tards: The Dictatorship of Reason in the West' John Ralston Saul

"....If Marxism is the delusion that one can run society purely on altruism and collectivism, then libertarianism is the mirror-image delusion that one can run it purely on selfishness and individualism. Society in fact requires both individualism and collectivism, both selfishness and altruism, to function. Like Marxism, libertarianism offers the fraudulent intellectual security of a complete a priori account of the political good without the effort of empirical investigation. Like Marxism, it aspires, overtly or covertly, to reduce social life to economics. And like Marxism, it has its historical myths and a genius for making its followers feel like an elect unbound by the moral rules of their society." Robert Locke Marxism of the Right The American Conservative

"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration." Abraham Lincoln (Marxist ?)

"Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." John Maynard Keynes / E. Austin G. Robinson, As quoted in Michael Albert, Moving Forward: Programme for a Parlicipatory Economy (Edinburgh: AK, 2000)

"That was the future predicted by Karl Marx, who wrote that capitalism contained the seeds of its own destruction. And it is the danger America faces today, as the 1 percent pulls away from everyone else and pursues an economic, political and social agenda that will increase that gap even further — ultimately destroying the open system that made America rich and allowed its 1 percent to thrive in the first place.

You can see America’s creeping Serrata [or the closure, see link below] in the growing social and, especially, educational chasm between those at the top and everyone else. At the bottom and in the middle, American society is fraying, and the children of these struggling families are lagging the rest of the world at school." http://www.nytimes.com/2012/10/14/opinion/sunday/the-self-destruction-of-the-1-percent.html

Marxist propaganda.

Another uneducated dolt who yells propaganda and who is incapable of debating