People have incentive to work.
They can get an education, religious service, and job however and wherever they want.
They can get an education, religious service, and job however and wherever they want.
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Capitalism is right because...
- Thread starter robocop (actually)
- Start date
Yes, but they're open to finding work in a bigger system, instead of just their own castle or in slavery.
Also in feudalism they fight each other and in American slavery that turned into a war, so is it really as efficient?
I think capitalism encourages innovation better than other systems. Now innovation is not necessarily a good thing -- consider, for instance, an innovative product that brings about even more rapid deforestration. However, innovation can be a good thing. And since capitalism seems to excel at promoting innovation, I think it should be counted as a general strength of capitalism.
Capitalist ideals are very different from capitalist practice in that regard. Ideally, all are free to pursue prosperity. But if you believe that is how things work in actual practice, then you are quite naive. In practice, capitalism can actually hinder people from pursuing prosperity. For instance, it can be in the interests of powerful capitalists to keep wages low and workers impoverished in order to maximize profits.
Some forms of socialism also provide incentives to work. For instance, a guaranteed minimum income would provide incentives to work if the income was set at a point that covered basic needs but not luxuries.
The same can be said of most socialist or mixed socialist/capitalist systems.
How about this? If a poor country drops its taxes and military size they motivate people to come in and set up shop. They may be far from prosperity because they are a poor country, but as the country increases its wealth then they grow because of this decision. I don't like people dying in the streets though of course. Do you like this or not?
I am, as a liberal, quite pro-capitalism, because as has been stated by a couple of others (@Sunstone, @Thief, @Robocop,) it does encourage individual endeavour, creativity, entrepreneurialism and so on. " That is a good thing!
However, I do not think that unregulated capitalism -- or what we might call a kind of fundamentalist "free market" -- is necessarily good. I think that rules limiting just how far you can go act as both protection and (as Mr. Watts discovered in inventing the steam engine) a "governor" that tends to keep things under a bit of our own control.
Unfettered capitalism, as envisaged by some of the largest and richest contributors to the conservative "foundations" that seek to influence US politics, has led to things like Love Canal ("hey, we're here to make money, not clean up after ourselves!). And I don't think it's wise to forget that it is those unfettered capitalists that have outsourced all those US jobs to Asia, resulting in the rust belt that just elected Trump.
Or, possibly more importantly, that Trump has surrounded himself with more unfettered capitalist billionaires who played a role in the loss of American jobs. I can't, for the life of me, understand what made those same Americans elect him.
However, I do not think that unregulated capitalism -- or what we might call a kind of fundamentalist "free market" -- is necessarily good. I think that rules limiting just how far you can go act as both protection and (as Mr. Watts discovered in inventing the steam engine) a "governor" that tends to keep things under a bit of our own control.
Unfettered capitalism, as envisaged by some of the largest and richest contributors to the conservative "foundations" that seek to influence US politics, has led to things like Love Canal ("hey, we're here to make money, not clean up after ourselves!). And I don't think it's wise to forget that it is those unfettered capitalists that have outsourced all those US jobs to Asia, resulting in the rust belt that just elected Trump.
Or, possibly more importantly, that Trump has surrounded himself with more unfettered capitalist billionaires who played a role in the loss of American jobs. I can't, for the life of me, understand what made those same Americans elect him.
Yes but it's better than driving their economies into the ground!
[QUOT"Sartre"}Capitalism has only lead to surplus extraction from the third world.
"They talk about the failure of socialism but where is the success of capitalism in Africa, Asia and Latin America?" -Fidel Castro Ruz[/QUOTE]
Yes that is what I put in the "Capitalism is wrong thread."
Going to bed post all you want at these threads.
Thief
Rogue Theologian
you're not free?
Thief
Rogue Theologian
caught up in corruption......so I've heard.
Thief
Rogue Theologian
I understand that.....I happen to be a working stiff
who has on repeated occasion told the boss......
Take this job and shove it!
Thief
Rogue Theologian
if you are hinting to a balance of acquisition and the well being of the people.....ok
I would not approve of ANY system that runs over people and resources that a hand full of 'owners' get rich
capitalism without some regard to one's fellow man is not capitalism
Thief
Rogue Theologian
indeed.....
if your are free to succeed...you are free to fail
That's what's best about capitalism....& also what's worst about it.
Guy Threepwood
Mighty Pirate
Religious & economic freedom seem to work best yes.
Though I think calling either any kind of 'ism' is a bit of a misnomer. It's just what you get when you allow people to worship and prosper freely.
In both cases, the problems arise where politicians get involved, who by definition are not good at anything other than being politicians!
Guy Threepwood
Mighty Pirate
That reminds me, do you think Trump will lift the Haggis embargo?
I hope so.
We need the really good stinky stuff from Scotlandistan.