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If some want to stay poor......that is their right.
Let me be clear: capitalism is the best economic system known to man. However, it cannot exist independently (without "socialist" regulations). We already tried this experiment and it failed. Pure capitalism is also the greatest evil known to man.
Capitalism is the cure for uplifting countries and people out of poverty. It is also the cure for allowing wealthy countries and individuals to preserve their wealth through exploitation of the lower classes.
Nope, that would be the crony capitalists within government, making back room deals with the rich, to enrich and empower themselves.
Why do you think that Steve Jobs said our current laws and regs would prevent a start up company like Apple from being created? Our laws and regs are designed to protect the "too big to fail" corporations from any new, innovative entrepreneurs, who might build that better mouse trap and cut into the profits of the big guys.
Why do you think our financial laws are so complex and arbitrary that small banks are closing left and right? It's to reduce diversity and concentrate power into the hands of the big, wealthy, winners of political crony capitalism. TARP was not helping the little guy, it was their cronies in government saving the big financial companies.
When government comes to help,as the did with Dodd-Frank, are they destroying the little guy on purpose, or is it just ignorance and destructive incompetence?
A lot of the damage has occurred since the passage of Dodd-Frank, as seen in the third chart. The Mercatus study said that between July 2010 and the third quarter of 2013, the United States lost 650, or 9.5%, of its small banks. And the small banks' share of banking assets fell 18.6%, while their share of domestic deposits has slipped 9.8%.
Let me be clear: capitalism is the best economic system known to man. However, it cannot exist independently (without "socialist" regulations). We already tried this experiment and it failed. Pure capitalism is also the greatest evil known to man.
When did we try that experiment?
Capitalism is not unregulated anarchy.
Capitalism is freedom, but that freedom requires laws and regs to protect the individual from the lawless and the corrupt.
Government laws and regs creates the framework for just and honest commerce, to allow capitalism to thrive.
Let me be clear: capitalism is the best economic system known to man. However, it cannot exist independently (without "socialist" regulations). We already tried this experiment and it failed. Pure capitalism is also the greatest evil known to man.
Bingo, the key is to balance capitalism and socialism to create a healthy economy in a stable country.
The term 'crony capitalism' is inherently confusing, because crony capitalism is not really capitalism. A much better term is 'corporatism.'
The real heart of the matter is corruption ...PERIOD. Unfortunately, there is no system immune to the corrupt nature of many human beings. Compounding the problem is the well established certainty that those who seek positions of authority are also most likely to be corrupt ... or as the old axiom suggests, "power corrupts, and absolute power corrupts absolutely."
This is why "statist" solutions are doomed to failure right out of the gate, because statism only consolidates undue power and authority in the hands most likely to abuse the power. And if you carefully analyze most of the problems we face, there is one common denominator ... abuse of power and corruption.
The constitution of the United States attempts to mitigate this by the separation of powers, and limitations on central government power, reserving the majority of powers to the states and local government authorities, conceptually easier for the people to monitor and prevent from attaining too much power over them.
Small, limited government, vested only with the powers it must have to perform it's function, and no more than that, is the only solution, though not infallible, this is the closest one can likely get to a partial solution.
The way we are currently structured, and moving further in the wrong direction ... that being a progressively less powerful government structure from the federal level to the local town level needs to be reversed. The town or local authority should have more, not less authority than the levels of government higher up at the state and federal level ... making the levers of power closer to the people being governed, thereby making it easier to monitor and fix corruption as it surfaces.
As is almost always the case with leftist solutions, liberal statist ideology is nothing more than an attempt to put out fire with gasoline. It is the exact opposite of what is needed.
We need less government, less laws, and less regulation because the corrupt always seek such power, and they invariably use all three to facilitate their corrupt activities under the color of lawful authority.
Bingo, the key is to balance capitalism and socialism to create a healthy economy in a stable country.
There is no such thing as a balance between capitalism and socialism. By definition the two cannot exist at the same time.
What you want are the proper rules and regulations in place to ensure competition works in favor of the consumer. Furthermore there need to be rules and regulations in place to ensure one entity does not have more political power in terms of elections then another. End Lobbying and special interest influence in DC.
There is no such thing as a balance between capitalism and socialism. By definition the two cannot exist at the same time.
What you want are the proper rules and regulations in place to ensure competition works in favor of the consumer. Furthermore there need to be rules and regulations in place to ensure one entity does not have more political power in terms of elections then another. End Lobbying and special interest influence in DC.
They both exist now in this country, go to your nearest public library and you would be entering something that is socialist because it isn't privately owned, it is publicly owned.
They both exist now in this country, go to your nearest public library and you would be entering something that is socialist because it isn't privately owned, it is publicly owned.
Publicly owned is not the same as Socialism, but thanks for your propaganda effort.
Quote:
Originally Posted by ErikBEggs
Let me be clear: capitalism is the best economic system known to man.
Capitalism is not an Economic System.
Don't be embarrassed....that's a mistake made by many people who don't understand Economics.
Publicly owned is not the same as Socialism, but thanks for your propaganda effort.
Capitalism is not an Economic System.
Don't be embarrassed....that's a mistake made by many people who don't understand Economics.
You're not an internet troll, are you?
Correcting...
Mircea
Publicly owned is within the realm of socialism. Nice try, but you are wrong.
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