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Old 04-16-2011, 10:49 PM
 
Location: South Jordan, Utah
8,182 posts, read 9,214,487 times
Reputation: 3632

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This is a great example of how controlled our thinking is today. This article is about pure free market capitalism, yet most people think it is liberal or socialist economics and the government managed, crony corporatist economy is called (usually derogatorily) free market capitalism. Ugg.


" I can barely hide my amusement. I am engaging in an enterprise that is the essence of pure capitalism while surrounded by those to whom the very word "capitalism" is one of the greatest of obscenities. It is voluntary exchange; it is a relationship where everyone feels as if they have won. Isn't that the essence of the free market?"

Capitalism at the Farm Stand - Stefano R. Mugnaini - Mises Daily
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Old 04-17-2011, 05:00 AM
 
1,233 posts, read 1,218,578 times
Reputation: 452
Capitalism is not the problem.

Out of control market manipulation, corporate corruption, monopolistic business practices. and too big to fail are problems.

We need more competition, not less.

We need to close all large corporation tax and regulatory loopholes.
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Old 04-17-2011, 05:08 AM
 
Location: Virginia Beach
515 posts, read 368,415 times
Reputation: 139
Hilgi, you can go to Cuba
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Old 04-17-2011, 06:36 AM
 
Location: Las Vegas
5,864 posts, read 4,980,764 times
Reputation: 4207
Quote:
Originally Posted by oldtimer2 View Post
Capitalism is not the problem.

Out of control market manipulation, corporate corruption, monopolistic business practices. and too big to fail are problems.

We need more competition, not less.

We need to close all large corporation tax and regulatory loopholes.
This. Capitalism is actually the solution, not the problem. If we simplified the tax code and closed all loop holes and just had people whatever their bracket called for we could probably lower the overall tax rates. I'm not opposed to big business or rich people, I support them making as much money as they want/can, but what I don't support is them using that money to buy off politicians to destroy competition. I'm pretty sure libertarians and true conservatives can agree with me on the separation of business and state.
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Old 04-17-2011, 08:07 AM
 
3,728 posts, read 4,870,897 times
Reputation: 2294
Quote:
Originally Posted by Dragneel View Post
Hilgi, you can go to Cuba
Did you read the opening post? He (or she) is complaining about the misuse of the word "capitalism".
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Old 04-17-2011, 12:23 PM
 
2,514 posts, read 1,987,317 times
Reputation: 362
Quote:
Originally Posted by Frank_Carbonni View Post
Did you read the opening post? He (or she) is complaining about the misuse of the word "capitalism".
Did you read the article It was really good.
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Old 04-17-2011, 12:33 PM
 
46,961 posts, read 25,998,208 times
Reputation: 29448
Quote:
Originally Posted by newonecoming2 View Post
Did you read the article It was really good.
Meh - people call liberals smug? You could see the smirk on that guy's face thorugh every keystroke. Not that he's wrong. It's just that what works when 200 people with a common interest are involved doesn't necessarily scale to an economy involving 200 million.
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Old 04-17-2011, 12:48 PM
 
2,514 posts, read 1,987,317 times
Reputation: 362
Quote:
Originally Posted by Dane_in_LA View Post
Meh - people call liberals smug? You could see the smirk on that guy's face thorugh every keystroke. Not that he's wrong. It's just that what works when 200 people with a common interest are involved doesn't necessarily scale to an economy involving 200 million.
Micro vs macro yep it doesn't scale. But you can do it 1 million times over.
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Old 04-17-2011, 02:49 PM
 
Location: South Jordan, Utah
8,182 posts, read 9,214,487 times
Reputation: 3632
I noticed only a couple of you read the article, or my opening remark. The title is the only way to get a thread opened on CD.
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Old 04-17-2011, 02:57 PM
 
401 posts, read 473,792 times
Reputation: 164
I think the key word is voluntary. Not too much government involvement. Nice post.
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