Capitalism isn't an ideology -- it's an operating system

  • metta

    Posts: 44772

    Mar 06, 2018 10:28 PM GMT
    Capitalism isn't an ideology -- it's an operating system

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    Mar 07, 2018 12:51 AM GMT
    A more classic treatment... from 1770...

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    Mar 07, 2018 1:25 AM GMT
    The guy in the first video posits that China will Have a more successful economy than the US in the future because as a command/control driven market economy it can move quickly to respond to market needs without the limitations a democracy places on leaders. (I'm paraphrasing). The problem, as I see it, is that efficiency losses will occur. Inevitably China's leaders will trip up and interfere with the economy. A central government can easily order financial institutions to support stock prices but their is a cost and limitations on how that can work. China is competing on the basis of low wages and few environmental or health/safety regulations. That does not bode well in the long run.
  • Unity123

    Posts: 1922

    Mar 07, 2018 2:04 AM GMT
    Muskelprotz saidA more classic treatment... from 1770...



    ^ This.

    The USA was founded upon CERTAIN INALIENABLE RIGHTS, endowed by our creator, to each of us, as INDIVIDUALS.

    Capitalism is the only system that enables those rights to be expressed. You can’t redefine capitalism without violating those rights....and destroying The Wealth of Nations.