Capitalism, something better...? 16 replies

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GreatGrizzly

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#1 13 years ago

Western Capitalism was one of the two economic systems that existed during our time. Capitalism, or private ownership, as we know it, originated in the mid 19th century after the break up of feudalism (Netzloff 21). The western form of capitalism, that we are familiar with, contrary to popular belief is not purely capitalistic, but is instead called a “mixed economy” (Bullock 535). This mixed economies idea was what attribute to its lifespan, and what caused it to outlive its competitor economy. The basics of a purely capitalist society is: Private ownership. Greed is the motivator in this economy. All humans want more, and after they get what they wanted at the time, they will attempt to get more. In a capitalistic nation, these people are free to pursue anything they want in hopes of satisfying their greed. In the short term, this motivates one to work hard, and work long, to achieve this goal. However, in the long term, this whole process becomes self defeating. This becomes apparent when someone, through hard work, dedication, and luck, controls everything. To remain in a position of absolute power, this person will prevent others from controlling resources or getting into a position to do so, effectively halting the development of capitalism. The term used for such a scenario is called a Monopoly. This means that a person, organization or business is the sole provider of a product or service. The monopoly can set the prices of said service or product, because they know that consumers don't have an option of buying a competitors product and has to buy theirs. If this product is critical for the function of a nation, the monopoly over this product holds, theoretically, unlimited power over the state. This power is then used to stop anything that can compete through government laws. The first monopoly and what would have been the death of pure capitalism was the railroad monopoly of the 19th century. The railroads were then under control of one entity, and this meant that they were able to charge extremely high prices for use of the trains (Chalmers 120). This was significant because if it was allowed to stay a monopoly, the west would never have been explored or settled due to the inability for the average person to afford to use the trains, and America as we know it (along with its capitalistic economy) would not exist. The monopoly is the greatest downside to a pure capitalistic environment, and will ultimately lead to its downfall in the not-to-distant future. Even though progressing to its death, capitalism has the benefit of making progress quickly over the competing socialist economy. Its growth leads to newer and better inventions, which is then used to help the working class make better products faster. The speed of growth in a capitalistic economy tends to lead to new ways of doing things, which sometimes can be unconventional and sometimes can be a downright failure. The money made by the few rich using the capitalistic economy will likely be reused and reinvested into the economy in hopes of making even more money. However, once the ceiling has been reached and one person or group of people end up owning everything, capitalism's lifespan ends and corporate fascism develops (Roosevelt 305-315). The reason western capitalism lasted was because of government intervention during the late 19th century with the creation of Sherman Antitrust Act (ch. 647, 26 Stat. 209, 15 U.S.C. § 1–7). This was the government's way of fighting the grip a select few had on the railroad industry. The controllers of this industry repositioned themselves to be excluded from the law. The government loosened their definition of monopoly to combat this new threat. This process of trying to get around the rules continues on today, and it will continue on indefinitely. This is an exerpt from a research paper I am doing. This was put here to educate the citizens of gaming forums before I asked this question: Is there an economy that will not impode on its self? Do you think it is even possible to make a "perfect" economy?




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#2 13 years ago

anarchy. 'nuff said. communism/socialism will crumble unless put into place on a tiny community. anarchy is free-reign, where financial wealth has basically no influence over the people. the barter system is the main authority, and the basic answer to any economic situation.




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#3 13 years ago
Lord of Pluptent;4054788anarchy. 'nuff said. communism/socialism will crumble unless put into place on a tiny community. anarchy is free-reign, where financial wealth has basically no influence over the people. the barter system is the main authority, and the basic answer to any economic situation.

I'll trade not putting a bullet hole in your head for you giving me all your stuff. Or I just shoot you and take the stuff anyways.

Basically sums up anarchy in reality. Yes you can try to feed me some bullshit about how everyone will be all happy and help each other and live peacefully, but fact of the matter is people aren't like that, at least not in large groups. Anarchy only works at a small scale, at most maybe a medium sized city. And even then crime would still be pretty high.

Problem with straight capitalism is the same thing. People don't like to work together when it comes to long distance and large scale. Problem with Communism is it is forced and in my opinion forcing anything, even charity, is just plain wrong. So that is why I think protective Capitalism is the best way to go. You basically let people do what they want to do and you don't force people to do good things, but you prevent exploitation.




Jeff Advanced Member

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#4 13 years ago

anarchy cannot work with any form of life, unless they all share the same ideas and thoughts. I say any form of life, because there is a social heirarchy in place for animals that live in groups or packs. Humanity is just another species with this sort of social behavior.


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The Fat Controller

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#5 13 years ago

Libertarian Socialism or an Anarcho-Syndicalist system could have a chance of outlasting a Capitalistic system, if we're talking about degeneration into corporate-fascism. The sort of ideologies I'm talking about are ones which want decentralization of power.

Libertarian Socialism is a group of political philosophies that aim to create a society without political, economic or social hierarchies – a society in which all violent or coercive institutions would be dissolved, and in their place every person would have free, equal access to tools of information and production, or a society in which such coercive institutions and hierarchies were drastically reduced in scope.
This equality and freedom would be achieved through the abolition of authoritarian institutions and private property

Whether this would actually work in practice, however, is highly questionable.




N88TR

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10th February 2004

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#6 13 years ago

I think most if not all people say they want anarchy because there's too much structure or people trying to control them in the situations they encounter on a daily basis.




GreatGrizzly

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22nd February 2005

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#7 13 years ago

Im putting my money one a socialism capitalism mix. Monopolies is the only flaw in the system that doesnt fix itself over time. Therefore a strong government is needed to prevent monopolies (and I mean really prevent monopolies, all too often big business gets off easy in our nation). Something that makes me mad is when I talk about this whole concept with people around here, they all pretty much say capitalism = good, socialism = bad, period. They say how captitalism is perfect, and then attempt to call me a communist or some other ad hominem type attack, when I try to explain the flaws of the american system.




Nemmerle Advanced Member

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26th May 2003

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#8 13 years ago
Lord of Pluptent;4054788anarchy. 'nuff said. communism/socialism will crumble unless put into place on a tiny community. anarchy is free-reign, where financial wealth has basically no influence over the people. the barter system is the main authority, and the basic answer to any economic situation.

Capitalism is a result of anarchy.




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#9 13 years ago
GreatGrizzly;4056355Im putting my money one a socialism capitalism mix. Monopolies is the only flaw in the system that doesnt fix itself over time. Therefore a strong government is needed to prevent monopolies (and I mean really prevent monopolies, all too often big business gets off easy in our nation).

yeah like the trash company, at least where i live, we only have one, and they charge a fortune, and why not? of course people are gonna pay to have the garbage taken out.....




GreatGrizzly

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#10 13 years ago
Nemmerle;4056470Capitalism is a result of anarchy.

It is very true. Pure capitalism means no government, which is what anarchy is.




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