Political Forums  

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance


Thanks Tree54Thanks
Reply
 
LinkBack Thread Tools Display Modes
Old March 8th, 2018, 05:11 AM   #1
Senior Member
 
xMathFanx's Avatar
 
Join Date: Dec 2017
Location: USA
Posts: 955
Capitalism: Pros & Cons

Capitalism: Pros & Cons
xMathFanx is offline  
Old March 8th, 2018, 05:52 AM   #2
Talent on loan from god
 
Camelot's Avatar
 
Join Date: Jun 2013
Location: Ohio
Posts: 27,528
Capitalism is never in a constant state. Generally, it has worked well. But, there are times like the 20’s and today where disproportionate financial influence has been leveraged in and out of government that yields a very skewed result. We are currently experiencing such a period and this has led to a capitalistic system that is spiraling out of control and causing ever greater levels of civil unrest.
Thanks from Kode
Camelot is offline  
Old March 8th, 2018, 08:48 AM   #3
Senior Member
 
iolo's Avatar
 
Join Date: Nov 2012
Location: Rhondda
Posts: 2,016
Pros: it makes the rich richer. Cons: it is destroying humanity.
Thanks from Lyzza and right to left
iolo is offline  
Old March 8th, 2018, 08:52 AM   #4
Senior Member
 
justoneman's Avatar
 
Join Date: Jul 2015
Location: chicago
Posts: 4,225
Quote:
Originally Posted by iolo View Post
Pros: it makes the rich richer. Cons: it is destroying humanity.
Pros: it makes everybody richer.

Cons: it is being destroyed by Socialists.
Thanks from webguy4, Sabcat and Neil
justoneman is offline  
Old March 8th, 2018, 09:57 AM   #5
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 30,268
Quote:
Originally Posted by justoneman View Post
Pros: it makes everybody richer.

Cons: it is being destroyed by Socialists.
If it makes everybody richer, why are welfare rolls expanding and wealth inequality increasing?

https://www.cbsnews.com/news/census-...or-low-income/
Thanks from Lyzza and Clara007
RNG is offline  
Old March 8th, 2018, 10:02 AM   #6
Senior Member
 
justoneman's Avatar
 
Join Date: Jul 2015
Location: chicago
Posts: 4,225
Quote:
Originally Posted by RNG View Post
If it makes everybody richer, why are welfare rolls expanding and wealth inequality increasing?

https://www.cbsnews.com/news/census-...or-low-income/
Becase wealthy people gain more in an upturn than less wealthy. What are you expecting? A middle income person to have a $10,000 increase in a year and a millionaire to have also a $10,000 gain?
justoneman is offline  
Old March 8th, 2018, 10:04 AM   #7
RNG
Senior Member
 
RNG's Avatar
 
Join Date: Apr 2013
Location: Between everywhere
Posts: 30,268
Quote:
Originally Posted by justoneman View Post
Becase wealthy people gain more in an upturn than less wealthy. What are you expecting? A middle income person to have a $10,000 increase in a year and a millionaire to have also a $10,000 gain?
Why are you ignoring half of my post?
Thanks from Lyzza
RNG is offline  
Old March 8th, 2018, 10:14 AM   #8
Senior Member
 
justoneman's Avatar
 
Join Date: Jul 2015
Location: chicago
Posts: 4,225
Quote:
Originally Posted by RNG View Post
Why are you ignoring half of my post?
Do you really want me to address your article from 2011 and the Obama "new normal" period? It is an example of the Obama socialism that you put forth.
justoneman is offline  
Old March 8th, 2018, 10:16 AM   #9
#freetommy
 
Sabcat's Avatar
 
Join Date: Dec 2013
Location: Earth
Posts: 27,097
Quote:
Originally Posted by RNG View Post
If it makes everybody richer, why are welfare rolls expanding and wealth inequality increasing?

https://www.cbsnews.com/news/census-...or-low-income/
The people on "the welfare rolls" in the US are still in the top 10% economically world wide.

If capitalism sucked why are tens of thousands if not millions risking their lives to escape their shitty societies to come to america. People float on trash from Cuba to Florida on a regular basis.
Thanks from Jimmyb
Sabcat is online now  
Old March 8th, 2018, 10:16 AM   #10
Senior Member
 
Neil's Avatar
 
Join Date: Nov 2017
Location: Virginia
Posts: 579
Quote:
Originally Posted by xMathFanx View Post
Capitalism: Pros & Cons
First, define capitalism. Here's my definition/description/interpretation:

Capitalism is the collective interaction in society that at some point involves the exertion of effort by one party to produce a good or provide a service to another party in exchange for some other good or service, conveyed directly between the two parties, or indirectly through one or more other parties. It is established by the forming of a state and enabled by that state's government. It is a way of obtaining goods or services that doesn't involve theft (stealing, robbery, fraud, etc.), invasion (violence exerted by an outside entity that isn't a party that has entered into any form of agreement subject to the state, or any party that is part of the state, that is invaded), or the dependency on individuals to be fully self sufficient.

Trade is the direct interaction between two parties to exchange goods or services between each other, whether by barter or by use of a medium of exchange. It also refers to a field of expertise for goods or services.

Capitalism can basically exist in two forms, at the public/collective level; one is the free market system and the other is central planning (aka "state capitalism" or "command and control market").

A free market system allows anyone to offer any good or service for trade. It doesn't give anyone offering a good or service the right to force others to engage in trade with them. It also doesn't mean that a good or service can be used to commit a crime.

A central planning system involves the placing of limits, restrictions, bans, or mandates on trade. It is the form advocated by socialism & is essentially a form of enslavement by forcing individuals to buy or sell a good or service whether or not they're willing to do so. It entails the use of force & violence from the state against individuals in situations where there has been no victim.

Neither a free market system nor a central planning system gives anyone offering a good or service the right to arbitrarily or selectively refuse a good or service they are offering on the market.

This is just a draft & partial explanation, and I can expand and revise as needed. You guys are totally welcome to suggest your own ideas that delve into the details & expand on the concept, and what I'll do is respond by stating whether I agree or disagree with it & what I have to say about it, if I get a chance to do so.

Now for the pros & cons.

Pros: It makes humanity more economically efficient by allowing individuals to specialize in one or just a few trades, rather than everyone having to be experts in every field, which is very economically inefficient (being self sufficient has a strong tendency to lead to poverty).

Cons: It still makes us dependent on trusting each other; it leads to envy; crime, poverty, war, abject hunger, homelessness, pollution, and other such problems of society still exist; it cannot be avoided or eliminated without either living in total isolation on some remote location such as a tropical island or by implementing automation, robotics, and other advancements in technology - which has not yet been achieved.
Neil is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance

Tags
capitalism, cons, pros



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
Simmer Down on Islam Neo-Cons: Don't Lead Us Into Another War LongWinded Current Events 12 May 15th, 2015 02:08 PM
Tickle on the Cons., get a promotion pana8 Americas 5 October 19th, 2013 09:47 AM
US military recruits more ex-cons intangible child Warfare 2 April 29th, 2008 02:41 AM
Medical Marijuana: Pros and Cons intangible child Drugs, Alcohol, Tobacco 18 June 28th, 2007 09:07 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.