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Capitalism versus Socialism
Econjack

Posted on 09/08/2024 10:08:00 AM PDT by econjack

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To: RoosterRedux

Redistribution also seems to produce the feeling of entitlement that spills over in the person’s behavior.


21 posted on 09/08/2024 11:35:16 AM PDT by econjack
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To: PerConPat
Friedman's Free to Choose should be required reading for all students.
22 posted on 09/08/2024 11:36:31 AM PDT by econjack
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To: Jim W N

“A corporation free from gov’t interference is a free enterprise.

A corporation under gov’t control is “fascist”.”

Well what we have right now is the very real third option... We have Corporations in control of the Governments. Currently all of them but Russia including our own...


23 posted on 09/08/2024 11:39:58 AM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: econjack

First, stop with the idea there is “distribution of income”. There is no such thing in capitalism. Income is earned, not distributed. The only ones to whom income is distributed are layabouts or those truly disabled. The layabouts will vote for more handouts because they will never earn the things they desire.


24 posted on 09/08/2024 11:42:21 AM PDT by bk1000 (Banned from Breitbart)
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To: Openurmind

A corporation under gov’t control is “fascist”.”


Think I.G. Farben.


25 posted on 09/08/2024 11:44:05 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: econjack
Good point. Like Fani Willis.

It creates a sense of fake royalty.

26 posted on 09/08/2024 11:45:59 AM PDT by RoosterRedux (Thinking is difficult. And painful. That’s why many people avoid it.)
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To: econjack

Absolutely...


27 posted on 09/08/2024 11:50:48 AM PDT by PerConPat (The politician is an animal which can sit on a fence and yet keep both ears to the ground.- Mencken)
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To: econjack

🇺🇸Americanism vs. Communism

The GreatAwakening vs. The Great Reset


28 posted on 09/08/2024 12:16:58 PM PDT by ShawnShawntheLeprecaun
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To: econjack

Thank you for the reply.

I really do agree with you, then, that the term “Capitalism” is as unbridled as you describe. That is why I believe America rejects unbridled Capitalism in favor of legal restrictions on what you can do with your money. Any loan can be usurious and usury should be illegal. This, then, represents one restriction of what you can do with your money.

This is no different than constitutional restrictions on law, itself.


29 posted on 09/08/2024 12:44:07 PM PDT by Empire_of_Liberty
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To: dfwgator

But what we have now is government under corporate control...


30 posted on 09/08/2024 1:01:08 PM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: econjack
BTW, it's the lack of meaning and shame in getting a handout that is the fly in the ointment of Universal Guaranteed Income (that even Musk thinks is a good idea).

Work is the essence of life. Without it, there will be a great (human) depression even if people are (artificially) wealthy.

31 posted on 09/08/2024 1:35:40 PM PDT by RoosterRedux (Thinking is difficult. And painful. That’s why many people avoid it.)
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To: econjack
Capitalism versus Socialism

I see a flaw in that comparison?

Capitalism has to do with capital; Socialism has to do with governance.

Capitalism exists in all forms of government. The difference is who controls your capital and your money, you or the government?

America's Constitution protects you and your property and encourages citizens to accumulate more property. Americanism allows the citizens to control their capital, not the government.

32 posted on 09/08/2024 2:11:13 PM PDT by MosesKnows
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To: MosesKnows

Which is why I prefer “Free Enterprise”.


33 posted on 09/08/2024 2:18:32 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: MosesKnows

Yes. I think people should grasp that more clearly than they do.

It’s always a market economy of Supply and Demand. Even in a “perfect” communist state, they will produce only X amount of bread and have to distribute it to Y number of people. That’s a Supply and Demand equation right there.

“Capitalism” in one form or another is everywhere. If a railroad needs to be built, or a steel factory built, then capital resources need to be applied to that problem. China, Russia, USA — it’s true everywhere.

As you point out, the really key issue can be simply summed up: “Who controls your capital?” Is it the Individual? Or the Collective?

And we know by know that Individuals will work hard if they are really earning capital. But the Collective? No one works very hard in a Collective — they figure other people are probably working hard ... so they don’t need to bother.

You get shortages whenever the Collective is in control.


34 posted on 09/08/2024 2:21:55 PM PDT by ClearCase_guy (My decisions about people are based almost entirely on skin color. I learned this from Democrats.)
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To: Openurmind

No, the federal gov’t is not run by enterprise free from gov’t interference.

You’re talking about gov’t illegally taking bribes from corporations for favors. That’s still gov’t interference in the marketplace.

And that is only a small fraction of the problem. The multi-trillion unconstitutional portion of the feds has become totalitarian and the the greatest threat to your life, liberties, and well being.


35 posted on 09/08/2024 2:27:39 PM PDT by Jim W N (MAGA by restoring the Gospel of the Grace of Christ (Jude 3) and our Free Constitutional Republic!)
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To: Leaning Right
Who in his right mind thinks such a system could work?

Committee members who can profit on the side by selling exceptions.

36 posted on 09/08/2024 2:30:10 PM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Jim W N

“You’re talking about gov’t illegally taking bribes from corporations for favors. That’s still gov’t interference in the marketplace.”

No, I am talking about strong arm governance using extortion tactics from corporations who control debt. They are lien holders over nation governments, assets, and collateral. And who threaten on a personal basis that if they do not go along with the agenda their family and pets will be simply disappeared. But if they go along they will receive a regular salary for being a loyal member employee and representative of the New World Order. It is now far far past just lobbying and kickbacks. That is an antiquated practice. We are now in territory where corporations literally own countries through mass debt and collateral. And as the owners and lien holders they dictate actions and policies through proxy.


37 posted on 09/08/2024 2:40:20 PM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: dfwgator
I completely agree about using "free enterprise" or "free markets."

FWIW, the term "capitalism" is generally attributed to Marx and Engels, though they didn't coin the term.

Marx used the term to describe the economic system that emerged from the industrial revolution, which he analyzed critically in works like Das Kapital.

Marx and Engels both used "capitalism" as a perjorative term to describe a system in which private owners control the means of production, and the creation of goods and services is driven by the pursuit of profit.

However, the word "capitalism" was in use prior to Marx. It was used in a less critical sense by Louis Blanc, a French socialist, in the 1840s, and Pierre-Joseph Proudhon, another early socialist thinker, used the term as well. These early references to "capitalism" described the system in a more neutral or descriptive way, referring to a society organized around capital and private ownership.

Marx’s use of the term, however, popularized it as a pejorative term for what he saw as an exploitative economic system based on class struggle between the bourgeoisie (capital owners) and the proletariat (workers).

38 posted on 09/08/2024 2:52:28 PM PDT by RoosterRedux (Thinking is difficult. And painful. That’s why many people avoid it.)
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To: MosesKnows
As an aside, Marx (1818–1883) was influenced by Hegel (1770–1831), and Hegel, in turn, was influenced by Johann Gottlieb Fichte (1762–1814).

Fichte, while not writing explicitly about capitalism (since the system hadn’t fully developed during his time), did critique individualism and self-seeking behavior, which are central to later criticisms of capitalism. His emphasis on the collective good over individual self-interest reflects concerns that align with critiques of capitalist systems.

One relevant quote from Fichte that can be interpreted as a condemnation of capitalism and self-seeking is: "Self-seeking has destroyed itself by its own complete development." This quote, from Addresses to the German Nation (1808), illustrates Fichte’s belief that selfishness, when fully realized, leads to its own downfall.

This reflects his concern that individualism and personal profit-seeking undermine the moral and social fabric of society.

39 posted on 09/08/2024 3:05:43 PM PDT by RoosterRedux (Thinking is difficult. And painful. That’s why many people avoid it.)
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To: Jim W N

Let me put it this way... One of these three... BlackRock, Vanguard, or StateStreet through the debt hierarchy own the controlling interest in the very bank you financed your home and car through.


40 posted on 09/08/2024 3:12:11 PM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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