Problems with Capitalism

[Ultimatum]

I'm not familiar with the term, "corporatism".

I absolutely believe the term "corporatocracy" was the word OP was looking for, but I wasn't altogether assured so I couldn't make such an inference. Corporatism is, arguably, less common than that.

But the corporate form of ownership is very useful to capitalism & society.

Oh yes, but that's simply capitalism.

Monopolies are a separate issue, & can be dealt with, eg, breaking up Ma Bell & Std Oil.

Yes, which is why libcaps would fall prey to such an objection raised by the OP, but I was merely pointing out that we aren't all libcaps!

 

[Revoltingest]

I absolutely believe the term "corporatocracy" was the word OP was looking for, but I wasn't altogether assured so I couldn't make such an inference. Corporatism is, arguably, less common than that.



Oh yes, but that's simply capitalism.



Yes, which is why libcaps would fall prey to such an objection raised by the OP, but I was merely pointing out that we aren't all libcaps!

As a fire breathing libertarian capitalist, I'm OK with just enuf regulation to prevent monopolies, fraud, & environmental degradation.

 

[VioletVortex]

Have you seen Donald Trump lately? Yeah, he's getting paid as a puppet. Money corrupts people. Capitalism opens up doors to strange underground political leveraging, which in turn defeats the goal of politics in the first place.

Also, in a "free market" businesses take the role of government as far as economy goes, and they still will limit the freedoms of others due to their economic power.

 

[Valjean]

As a fire breathing libertarian capitalist, I'm OK with just enuf regulation to prevent monopolies, fraud, & environmental degradation.

This sounds reasonable -- almost socialist.

 

[Revoltingest]

This sounds reasonable -- almost socialist.

I'd never go so far as having government take over
the means of production (the definition of socialism).

 

[VioletVortex]

As a fire breathing libertarian capitalist, I'm OK with just enuf regulation to prevent monopolies, fraud, & environmental degradation.

I like that point of view.

 

[Revoltingest]

I like that point of view.

Good!

 

[Guy Threepwood]

I'm a free market capitalist, but it is my opinion that its major achilles heel is it's unholy union with corporatism. The free market isn't free when the power of the state is used to enforce recognition of corporations as artificial persons.

Do you have any (other?) problems with capitalism?

I think there is something to that, but I would say that 'corporatism' is yet another problem that stems from oppressing the free market. Corporations that would otherwise be limited in dominance by the free market, are propped up, favored, 'too big (a part of government) to fail' - today some corporations most valued by Wall Street like Tesla, are supported by nothing else but political relationships with the 'anti-wall-street' left. Animal Farm?!

 

[Worker]

I'm a free market capitalist, but it is my opinion that its major achilles heel is it's unholy union with corporatism. The free market isn't free when the power of the state is used to enforce recognition of corporations as artificial persons.

Do you have any (other?) problems with capitalism?

My money are less than 1200 € per month.

 

[tayla]

Do you have any (other?) problems with capitalism?

Ian Shapiro of Yale has a course (called Moral Foundations of Politics) on YouTube that discusses this at length.

 

[dfnj]

I'm a free market capitalist, but it is my opinion that its major achilles heel is it's unholy union with corporatism. The free market isn't free when the power of the state is used to enforce recognition of corporations as artificial persons.

Do you have any (other?) problems with capitalism?

Marx has well thought out criticisms:

But all the corporate propaganda tells us Marx is poo poo.

 

[Samantha Rinne]

I'm a free market capitalist, but it is my opinion that its major achilles heel is it's unholy union with corporatism. The free market isn't free when the power of the state is used to enforce recognition of corporations as artificial persons.

Do you have any (other?) problems with capitalism?

The problem with capitalism is that people don't understand what it is. And what it's not.

It's not big business. It's not fascism.
Fascism and Communism/Socialism —Ayn Rand Lexicon
It's not fundie churches either. It's capitalism.

Capitalism is few to no income taxes (oh wow, neither party does this? Cuz neither party is pro-capitalism). No big deep state. No corporate state. No big government.
It's a large middle class that actually is middle class, and it's the government getting their money by sales taxes on luxury items which people can no afford, with frequency depending on income. It's pro-industry but also pro-small business.

People voting to tax the "rich" (but rich always know loopholes, it's why they are rich, so that means middle class business owners isnot capitalism. Neither is big global corporations.

Marx was an idiot. Adam Smith's theory of supply and demand works. Communism always ALWAYS runs short on money and has to steal from the people working hard, who will (no surprise) give up in frustration, which causes the whole thing to collapse. In an Adam Smith economy, it doesn't matter if I slack because I starve. The government is not overreaching to the point of being costly.

 

[Lyndon]

Ayn Rand was a bigger idiot than Marx

 

[Revoltingest]

Ayn Rand was a bigger idiot than Marx

Name calling is always so convincing.

 

[Lyndon]

your side started it!!

 

[BSM1]

your side started it!!

Did not!

 

[Revoltingest]

your side started it!!

There's your problem....seeing sides instead of people.

 

[Lyndon]

Did not!

not true, it was started by Samantha calling Marx an idiot.

 

[slackercruster]

Capitalism aka greed is good within limits. But we can see how greed has destroyed things when there are no limits.

England lost America (Colonies) over greed and $$...The Stamp Tax.

England was lost by immigration over greed and $$ when they joined EU.

Brexit is failing over greed and $$. All they talk about is how much money they will lose.

CA was lost to Mexico over greed and $$ with cheap illegal labor.

Mexico can control the vote in CA...CA can control D.C.with lawsuits...Mexico can control D.C.
CA was lost.

Trump tried to stop the flow of asylum seekers once they found the formula for getting fast tracked into the USA when he threatened to close the border down. After he realized the loss of $$, he changed it from next week to next year.

Well, if we were ants or bees we could be good communists. But greedy, corrupt humans can't do it. I guess the best we can do is to build things up just to tear them down.

 

[Revoltingest]

Capitalism aka greed is good within limits. ap illegal labor.

To equate capitalism with greed is absurd.
Every economic system ever devised is rife with greed, so that is not a defining trait.
From dictionary.com.....
an economic system in which investment in and ownership of the means of production,
distribution,and exchange of wealth is made & maintained chiefly by private individuals
or corporations, especially as contrasted to cooperatively or state-owned means of wealth.


It's necessary to point this out because economic discussions on RF are often derailed
by posters who use personal definitions instead of standard ones. "Socialism" is especially
prone to misuse by both its fans & detractors.

===== Notice =====
This is one of those restricted threads.
If one identifies as a "capitalist", then one may post here.
If one does not, then one is prohibited by staff from posting here.

I'd like more tolerant rules, but I don't make'm.
I just endure'm.