Capitalists may have the same mentality as Nazis: that people must be enslaved

[Heyo]

Because she didn't pose that question to me, I didn't notice it.
If one intends directing a question to a particular poster,
tis best to alert that poster.

And when someone critiques an answer, 'tis best to read the question.

Her question....
"What date did capitalism start?"
My answer....
I don't know.

I do know, because I listened in history class.

It's impossible to comb thru all recorded & un-recorded
history to discover an exact year when the first instance
of privately owned means of production occurred.
However, I speculate that even before the extensive
trade (capitalism) of the bronze age, people engaged
in commerce & business.

As I already admitted, there was business and commerce and even something resembling capitalism, but historians put the start of the age of capitalism into the late 18th century, ending the age of mercantilism.

@clara17: Did my answer to your question help you? Or are you more convinced by the ramblings of my interlocutor?

 

[Estro Felino]

So the state will compensate you for the price of the land totally fair to THEM. Agree?

No.
The value is decided by the market.

 

[Estro Felino]

Your question lacks enuf info for
me to apply an accurate label.
I sense mischief.
Why hide the identity of your
dictator?

Hypothetical dictator.

 

[clara17]

Not all rich people dump toxins, but all rich people got their wealth through exploitation. Maybe they didn't do the exploitation themselves, but it is impossible to get rich by hard work - except the hard work of others.

How much is rich? 100k a year? 127k? Owing a home outright? 2 homes? 2.4 homes and 1 car? 1.5 cars? What do mean when you say rich?

 

[Estro Felino]

How much is rich? 100k a year? 127k? Owing a home outright? 2 homes? 2.4 homes and 1 car? 1.5 cars? What do mean when you say rich?

Have you ever read D. Ricardo's works?

 

[clara17]

Have you ever read D. Ricardo's works?

A little, I know he was a big advocate of central banking: aka, letting the banking corporations control/dictate the market vs compete in it. Does he give an answer on what makes one The Rich?

 

[clara17]

And when someone critiques an answer, 'tis best to read the question.

I do know, because I listened in history class.

As I already admitted, there was business and commerce and even something resembling capitalism, but historians put the start of the age of capitalism into the late 18th century, ending the age of mercantilism.

@clara17: Did my answer to your question help you? Or are you more convinced by the ramblings of my interlocutor?

I dont think so. I have a theory that capitalism began the first time someone picked a berry.

I have not heard of the age of capitalism. which historian claimed this?

 

[Estro Felino]

A little, I know he was a big advocate of central banking: aka, letting the banking corporations control/dictate the market vs compete in it.

National banks monitor the credit activity, which is something of public interest.

Btw....Ricardo explained how the Capitalist's profit maximization is inversely proportional to the wages value.

 

[Revoltingest]

And when someone critiques an answer, 'tis best to read the question.

Some answers stand alone,
& may be addressed.

I do know, because I listened in history class.

Well, if a teacher said so, then it
must be an incontrovertible fact!
Oh...wait....
In elementary school, a teacher told
me that God sees all & an do anything.
We know that's bunk.
(This was before the SCOTUS decision.)

As I already admitted, there was business and commerce and even something resembling capitalism, but historians put the start of the age of capitalism into the late 18th century, ending the age of mercantilism.

@clara17: Did my answer to your question help you? Or are you more convinced by the ramblings of my interlocutor?

Sounds like a doctrinaire view
of both history & capitalism.

 

[clara17]

National banks monitor the credit activity, which is something of public interest.

Btw....Ricardo explained how the Capitalist's profit maximization is inversely proportional to the wages value.

I was asking who the rich are, what makes one rich

 

[Revoltingest]

Hypothetical dictator.

Smells like a trap.
Whatever answer I'd give could be
criticized based upon unmentioned
info, or different weighting of the factors.

 

[Estro Felino]

Smells like a trap.
Whatever answer I'd give could be
criticized based upon unmentioned
info, or different weighting of the factors.

Are you saying you apply double standards on dictators?

 

[Revoltingest]

Are you saying you apply double standards on dictators?

I'm saying you can do better than suspicious
uninteresting tedious hypothetical questions.
You're competing with many for my time.
Be worthy.

 

[Estro Felino]

I'm saying you can do better than suspicious
uninteresting tedious hypothetical questions.
You're competing with many for my time.
Be worthy.

The more you engage in debate about capitalism with me, the more you strengthen my faith in socialism.
Thank you.

 

[Revoltingest]

The more you engage in debate about capitalism with me, the more you strengthen my faith in socialism.
Thank you.

 

[PureX]

Most of the middle income and poor I know meet that standard; got anything else?

You're mislabeling them, then. Also, you're likely misunderstanding what it means to "survive and thrive". It's not just an issue of money. It's an issue of possibility. Two people can have the same amount of money and still be in very different circumstances regarding what is possible for them to achieve. The rich don't just hoard their wealth, they hoard their access to opportunities, AND their privileged self-assurance.

 

[Kfox]

No.
The value is decided by the market.

But if it's yours, shouldn't you be allowed to sell it above market value if you wish?

 

[clara17]

You're mislabeling them, then. Also, you're likely misunderstanding what it means to "survive and thrive". It's not just an issue of money. It's an issue of possibility. Two people can have the same amount of money and still be in very different circumstances regarding what is possible for them to achieve. The rich don't just hoard their wealth, they hoard their access to opportunities, AND their privileged self-assurance.

if you become rich can we make the same generalizations about you?

 

[Kfox]

You're mislabeling them, then. Also, you're likely misunderstanding what it means to "survive and thrive". It's not just an issue of money. It's an issue of possibility.

No I'm not misunderstanding. I know poor people who have multiple pairs of shoes, clothes, have cell phones, computers, TV's etc. you don't need these things to survive and thrive.

The rich don't just hoard their wealth, they hoard their access to opportunities, AND their privileged self-assurance.

All of the rich people I know of have the vast majority of their wealth tied up in enterprises where it is controlled by other people; hardly hoarding. Who are some of these rich people you speak of who actually hoard wealth, and how are they doing this?

 

[Heyo]

How much is rich? 100k a year? 127k? Owing a home outright? 2 homes? 2.4 homes and 1 car? 1.5 cars? What do mean when you say rich?

There is no absolute value to rich, it is always in comparison to your neighbours. Owning a home and a car isn't rich in a developed nation. Owning two homes and two cars is well off.
Owning stocks that allow you to maintain two homes and two cars without having to work is when richness starts (in a developed nation, today). (And it is obvious that at that point you get your money from the work of others.)