Capitalism

tek-monkey

wanna see my snake?
I like capitalism because lazy people fail, unfortunately so do many people simply for being poor.

I honestly don't know. I hate the people who think they deserve a good life for doing nothing so couldn't sign up to any ideals like that, but at the same time I'm not sure capitalism is the best solution. Its simply the best solution we currently have. Until we can grade people on worth to society* and treat (pay?) them accordingly I think we'll have to go with it.

* This means doctors, nurses etc. paid a lot more than footballers, singers etc.
 

supernova

Well-Known Forumite
Interesting question.
What could the alternative to capitalism be? Would it automatically be socialism? Does that mean footballers and singers for example would need to be nationalised so that their pay can be controlled and there would be no need for supply and demand? We would have to become self-sufficient as a nation first I guess.
I've often thought about what society would look like if capitalism were abandoned.
I suppose there would be no need to pay people anything if things we need didn't cost anything...
Have we ever not had capitalism?
 

tek-monkey

wanna see my snake?
As long as resources are finite capitalism will exist to some extent.

<GEEK MODE>Even in Star Trek, in a universe where money is not particularily needed as far as I understand, that big eared freak in the bar smuggles stuff and goes on about bars of latinum. Even if your society does not need money, what about other societies you deal with?</GEEK MODE>
 

John Marwood

I ♥ cryptic crosswords
http://www.google.co.in/imgres?imgurl=http://www.mrnair.com/wp-contents/uploads/2009/04/image.jpeg&imgrefurl=http://www.mrnair.com/%3Fp%3D318&usg=__37OQIPpzT10tSKYbTOccnejpJ1s=&h=349&w=420&sz=39&hl=en&start=15&zoom=1&tbnid=7-sLXvb2_RvuWM:&tbnh=131&tbnw=158&prev=/images%3Fq%3Dsupply%2Bdemand%2Bcurve%26um%3D1%26hl%3Den%26sa%3DN%26biw%3D1115%26bih%3D578%26rlz%3D1W1ADSA_en%26tbs%3Disch:1&um=1&itbs=1&iact=rc&dur=374&ei=PTcnTfvRDoqIvgP88oDgBA&oei=MjcnTaipPMbPrQejx7jGCw&esq=2&page=2&ndsp=17&ved=1t:429,r:9,s:15&tx=79&ty=50

drugs,petrol,food,gadgets, its all the same..
 

shoes

Well-Known Forumite
tek-monkey said:
Lunar Scorpion said:
How does that work if people can't be bothered to, err, work? Its all fair and well sharing the means of production, and the food produced, but what if someone wont pull their own weight?
I managed to read about half of that document before I felt like throwing my computer out of the window, however it does state in there that if you do not share or provide goods/services etc. then you will not be shared with. Of course this would need to be administered which presumably would require some kind of central administration even if it's per county or whatever, which appears to go against the grain of this ideology.
 

Gramaisc

Forum O. G.
shoes said:
tek-monkey said:
Lunar Scorpion said:
How does that work if people can't be bothered to, err, work? Its all fair and well sharing the means of production, and the food produced, but what if someone wont pull their own weight?
I managed to read about half of that document before I felt like throwing my computer out of the window, however it does state in there that if you do not share or provide goods/services etc. then you will not be shared with. Of course this would need to be administered which presumably would require some kind of central administration even if it's per county or whatever, which appears to go against the grain of this ideology.
Apparently there is a Union of Anarchists....
 

henryscat

Well-Known Forumite
tek-monkey said:
As long as resources are finite capitalism will exist to some extent.
Not necessarily. Leaving distribution of finite resources to a free market economy is pretty flawed.
 

Withnail

Well-Known Forumite
Rather like the Churchill quote about Democracy, Capitalism is probably the worst economic system except for all the others. I personally don't think there is anything inherently wrong with it: people need things, people provide for that need and are paid for it. The very fact that money emerged in various places at various times attests to its usefulness.

Where it does fall down is where want is confused with need and want/need turns to greed. Greed is not good. It is good to better yourself, but the well off need to understand that it is in their own interests to live in a contented, educated, healthy society (yes, there is such a thing) and too unequal a distribution of wealth is damaging to everybody.

If the wealthy are unwilling to share the wealth, then some form of regulation will always be necessary.
 

Withnail

Well-Known Forumite
henryscat said:
Leaving distribution of finite resources to a free market economy is pretty flawed.
It is, indeed, all getting a bit out of hand.
John Marwood said:
And you can expect food inflation to rocket anytime soon for a number of reasons,many of them corrupt or part of the latest trading ( gambling ) racket
A key lesson of 2008 is that volatile global financial markets can result in food commodity price speculation that has dire consequences for the world's poorest. Or perhaps you'd like to 'trade' rainfall?

And whatever happened to the Tobin Tax? Barstard must've died.
 

Withnail

Well-Known Forumite
Hetairoi said:
As I see it it is globalisation that is the problem!
Do you eat bananas?

Globalisation isn't a problem per se but it does demand global solutions. If we could stop rushing to the bottom and take stock it might help - trouble is, those with the stock aren't willing to let anyone take it.
 

John Marwood

I ♥ cryptic crosswords
Withnail said:
henryscat said:
Leaving distribution of finite resources to a free market economy is pretty flawed.
It is, indeed, all getting a bit out of hand.
John Marwood said:
And you can expect food inflation to rocket anytime soon for a number of reasons,many of them corrupt or part of the latest trading ( gambling ) racket
A key lesson of 2008 is that volatile global financial markets can result in food commodity price speculation that has dire consequences for the world's poorest. Or perhaps you'd like to 'trade' rainfall?

And whatever happened to the Tobin Tax? Barstard must've died.
Buy Oxygen Sell Carbon Dioxide..
 
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