Yes, socialism has far too many cheerleaders.
Every healthy society consists of three components: The family, the church and the marketplace.
Government is a parasite.
So instead of “capitalism”, “capitalist?”
True capitalism has never been tried.
We need to stop calling it capitalism. That was originally a pejorative term invented by Karl Marx. A better, and more accurate term is the free market.
One reason can be found in the numerous companies/corporations where the management style unfairly exploits employees in non-management tiers. Unrealistic goals. Overly compressed timelines for tasks. Unpaid overtime (think weekend work). Theft of credit for ideas and execution. Wage compression. Malicious office politics."Old boy networking."
The enemy of capitalism is the Peter Principle. Incompetents rise to the top like poisoned creme in the milk. Those of us without management skills, and know it, try to resist this effect, with varying degrees of success. The problem? Compensation all too often is linked with how many people work for you. This creates an untenable tension.
Consider what is happening in the job market right now. Perfectly capable recent college graduates are finding that there is a brick wall between them and their first real job. Many reasons for that problem: AI, massive layoffs, death spiral of legacy companies, political meddling (think unsustainable minimum wage), and more.
The root of Socialism is "kill out the old rascals, bring in the new rascals, with me at the top." It's not about equality. And you can forget about meritocracy. It's all about ME, ME, ME and the rest of you can go hang.
I'll go and gum my soup now.
Ugh. Terrible
Capitalism supports capital. It’s not that hard.
Or: The guy with the gold makes the rules.
Horse race? In the TOTALITARIAN CUP it’s Mohammed on the inside, Marx on the outside. At the wire it Mohammed by a head. They’re both a pile of horse crap. They stink too.
The principles of capitalism are like the physics of an economy.
Physics provides an understanding of the material world. You may not like the law of gravity, but at a minimum, you better recognize its existence. You can defy it (airplanes do that every day), but if you’re designing and flying airplanes, understanding and respecting the law of gravity (and the other laws of physics) is necessary if you don’t want to crash and burn.
Similarly, you may not like the law of supply and demand, but if you’re going to poke around in the world of economics, you better appreciate and take into account that law (and the other principles of the market) or things can crash and burn in that venue as well. Just ask the Venezueleans or the North Koreans.
So in that sense the bases of capitalism are just a recognition of economic reality, as opposed to the economic fantasies of socialism or communism. Those economic realities can be manipulated, perhaps for evil (as can the realities of the physical world), but they’re still hard realities.
“Capitalism” is just a label. Its meaning depends on the opinion of the person using the word. I Think of it more as personal freedom to conduct business and earn a living as one sees fit as long as they don’t violate the “natural law”, generally called out in things like the ten commandments or the two commandments called out by Jesus.
In order to grow, businesses need new capital. Relying on massive amounts of borrowed capital alone is simply not possible.
To facilitate the acquiring of capital, the corporation evolved.
To facilitate the existence and growth of corporations, governance was developed and continuously modified.
That process is capitalism
It’s not Capitalism, it’s Free Enterprise.
Don’t use your enemies’s language and definitions.
Was it not Marx himself who coined the term “capitalism”?
It was Karl Marx who defined and popularized the term. He used it to describe an economic system that was doomed to fail.
How the hell did this crazy nutball communist who talks about seizing the means of production when the Democratic primary for New York mayor? Our Democrats this stupid? Nowhere in the US Constitution is it legal to seize the means of production.
free enterprise is the result of the natural law of individual rights
capital is required to have a decent standard of living
should the capital be controlled by the govt or individuals?
by the govt is a totalitarian society
by individuals is a free society
I think Jesse Jackson said something like “Without capital, capitalism is just another ism.”
“Ev’rybody’s talking ‘bout
Bagism, Shagism, Dragism, Madism, Ragism, Tagism
This-ism, that-ism, is-m, is-m, is-m
All we are saying is give peace a chance
All we are saying is give peace a chance”
Free enterprise!