Designer capitalism

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Re: Designer capitalism

Post by FBM » Wed Mar 23, 2011 2:00 am

JOZeldenrust wrote:
FBM wrote: How much fatter can we get? How many more gadgets can we own? How can a growth-based economic system continue to grow on a finite planet with finite resources?
Value isn't a material property.
True, it's an abstract, but at some point material concerns form the foundation of economies, do they not? That is, what good does it do to hold the title of CEO or whatever if you live in a cardboard box down by the river?
As long as we develop new shit that we appreciate more then what we previously had, the total worth of our economy goes up.
Fair enough. We've gotten to where we are now by inventing new shit to replace the old shit. I don't see any reason to think we'll run out of inventiveness and trendiness.
It doesn't necessarily have anything to do with physical resources.
Yeah, service industries make up a large part of the global economy, and they have room to expand. But as the world's human population grows, so will the strain on the planet's finite resources, no? If nothing else, mere space for people to live. Here in Korea, it's common to see mountains being physically leveled to make room for a city to expand. This, if nothing else, poses a practical limit on growth. And then there's food and clothing, transportation, employment...

If we do manage to curb population growth - a very hot topic - and start recycling practically everything we use, we might be able to reach a steady-state population. But I don't see much evidence for that happening yet. Not impossible in theory, but a bugger to put into practice. We'd have to take away the basic human right to reproduce at will, like China has. That'll piss a lot of people off...
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Re: Designer capitalism

Post by redunderthebed » Wed Mar 23, 2011 2:21 am

Seth wrote:
Sisifo wrote:No. Suppy and demand are an economic law. Not a capitalist one. Demand without profit would be unattended in an entirely capitalist system.
Supply and demand are part and parcel of capitalism. And yes, demand without profit would be unattended, and rightfully so. Just because you want something does not obligate others to labor on your behalf to provide it to you without the compensation of profit for their labor.
The rest of the statements, such as "the destruction of civilization and the progenitor of death en masse", "the slothful proletariat, who deserve to starve" "who NEED to go hungry because that's the best way to instill some industry and accountability in them" denotes that more than a exchange of opinions, we would need an exchange of life experiences to understand each other.I believe you are too engaged emotionally to the topic of economic organisation to build any kind of educational debate.
Refusing to recognize the economic reality of collectivism is not the path to enlightenment.
I am glad that you are so attached to your beliefs though. On my part, I prefer to be more open to ideas from every side and see the world less burdened and angered by my opinions :td:
When you see oppression, death, destruction and tyranny resulting from Marxism and socialism as a universal, unavoidable consequence of the core principles of the ideology, it's perfectly justifiable to point out the fundamental flaws as a counterbalance to the propaganda that makes collectivism superficially attractive to the dependent classes. Collectivism, socialism and particularly Marxism depend upon the ability of the intellectual elite class to propagandize the proletarian class and stir them to action without actually telling them everything. That's why the Marxist dialectic focuses on the supposed inequities of "exploitation of the working class" without critically examining the role of capital investment and the necessary rewards for risk-taking through capital investment that make free markets function.

I note that nothing in US law prevents any group of workers from "owning the means of production," and indeed large segments of the population do exactly that, like family farmers, small business owners and others who labor long and hard to acquire the means of production precisely so that they can enjoy the fruits of their labor. Moreover, nothing prevents groups from "socializing" together to create a company that owns the means of production collectively, and such companies do exist in the US. They are in fact ubiquitous. They are called "corporations."

In a corporation, you see, they generally start out small, with a group of individuals getting together to pursue some grand idea for a product that will sell in the market. These people both invest their personal capital assets and their labor and they work together, usually putting in long hours at high risk of personal bankruptcy, to create a profitable business. Generally, start-up corporations are founded with the capital of the initial partners, who agree to operate the business collectively, although they may assign duties and roles depending on the particular strengths of each partner.

Over time, if the company is successful, they begin to hire employees. They may offer profit-sharing or stock options to create loyalty to the company through a direct financial interest in its success. As time passes, the original shareholders, who rightfully control and profit from that which they have created, hire employees, build factories and seek investment from others who see the potential for profit.

Then the Marxists show up and complain that they are being "exploited" because they came late to the table, risked nothing, and accepted a wage in return for their labor. Understandably and rightfully, the people who worked to build the company, who own the majority of the share of stock, and their investors, who invested and risked their money to help the business succeed and expand, tell the Marxists to go fuck themselves.

The problem with Marxists and socialists is that they think that they are entitled to walk in whenever they feel "exploited" and demand that the people who built the company from the ground up, who risked their personal fortunes, their houses and everything they owned, who worked day and night to build the company into a success, turn the "means of production" over to the employees the owner hire to do a day's work for a day's pay.

Fuck them. If they want to own the means of production, then they can fucking well BUILD IT THEMSELVES, from the ground up, using THEIR OWN capital investment and THEIR OWN labor to create whatever the fuck they want by way of "means of production." They have no right, and no moral expectation to be able to seize from someone else what that person worked to create, no matter how large or successful that corporation may have become over time. The asswipes in the autoworkers unions had absolutely NO RIGHT whatsoever to be granted an ownership share in GM under ANY circumstances, and particularly not over the interests of the secured bond holders whom Obama defrauded in one of the biggest Marxist government rip-offs in history.

If the labor unions want, they can go pool their own money and either BUY the assets of GM, or go build their own fucking auto plants and set them up any way they like. But they don't, they collude with the Marxist asswipe in the White House to steal GM from the people who risked their own money to keep it in business instead.

But for them to steal the money of the secured bond holders is reprehensible beyond all imagining. It's a violation of law and custom that defies reason, and it has egregiously damaged our economy because now people are not willing to invest their money in corporations as secured bond holders because they know the government can simply lawlessly step in and strip them of their property without so much as a by-your-leave. This cripples our corporations and our economy, and it's why both businesses and investors are sitting on their cash and not investing it.

The fact that every corporation on the face of the earth started out with some individuals pooling and risking their own money and their own labor to fund a good idea and build it into a wealth-generating juggernaut that employs the proletarian dependent class is lost on Marxists, who, in their individual greed and selfishness, think that all that wealth just created itself and therefore ought to be seized by the working class because not to do so is to exploit them.

Lunatics, every one.
Oh you brighten up my day.

You wouldn't know about marxism if it bit you on the arse.Since when did everyone have equal opportunity to build businesses they don't it's called a class system designed specifically to keep the poor poor and the rich rich and yes there is exceptions but they are rare i mean if everyone had equal opportunity the current system would collapse........not that its a bad thing or anything.
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Re: Designer capitalism

Post by JOZeldenrust » Wed Mar 23, 2011 3:10 am

FBM wrote:
JOZeldenrust wrote:
FBM wrote: How much fatter can we get? How many more gadgets can we own? How can a growth-based economic system continue to grow on a finite planet with finite resources?
Value isn't a material property.
True, it's an abstract, but at some point material concerns form the foundation of economies, do they not? That is, what good does it do to hold the title of CEO or whatever if you live in a cardboard box down by the river?
As long as we develop new shit that we appreciate more then what we previously had, the total worth of our economy goes up.
Fair enough. We've gotten to where we are now by inventing new shit to replace the old shit. I don't see any reason to think we'll run out of inventiveness and trendiness.
It doesn't necessarily have anything to do with physical resources.
Yeah, service industries make up a large part of the global economy, and they have room to expand. But as the world's human population grows, so will the strain on the planet's finite resources, no?

(SNIP)
That was my point. Because the value of individual products can increase without increase in consumed material resources, the economy can in principle grow without an increase in consumed material resources. That means that consumption per capita can increase without the total consumption of material resources increasing, allowing for a growing economy, even if neither available natural resources or the population increase.

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Re: Designer capitalism

Post by FBM » Wed Mar 23, 2011 3:48 pm

But can this continue indefinitely? The future is a damned long time.... :eddy:
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Re: Designer capitalism

Post by Seth » Wed Mar 23, 2011 4:44 pm

Tero wrote:Easter Island. Who will cut down the last tree and sell it to a neighbor in trade for food?
Stupidity is its own reward. That has nothing to do with capitalism. This is merely a hyperbolic red herring argument.
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Re: Designer capitalism

Post by Seth » Wed Mar 23, 2011 4:57 pm

FBM wrote:
JOZeldenrust wrote:
FBM wrote:
JOZeldenrust wrote:
Tero wrote:It does not work without growth in economy and population. Eventually it will consume all. A global Easter Island.
I agree that capitalist systems require economic growth, but why does it require growth of the population?
I'm thinking that means of production tend towards greater efficiency over time, so the same number of workers will produce increasing amounts of product over time, requiring increasing numbers of consumers. Or, it requires fewer workers to produce the same amount of product, requiring a greater variety of products to keep the workers busy. That said, I'm still not sure why a steady-state economic system would be so hard to design, except that such a system would make it harder for the rich to get richer except at the increasing expense of the worker, who would eventually revolt...history repeating itself, etc...
Why can't consumers just consume more per capita?
How much fatter can we get? How many more gadgets can we own? How can a growth-based economic system continue to grow on a finite planet with finite resources?
Entropy. Remember that most of the "growth based" economic trade is based on entropy, which is to say stuff wears out, gets broken, is consumed and needs to be replaced. Ford doesn't make it's fortune selling you one car you keep for life, they sell you several cars during your lifetime. Food is a consumable that has to be regrown every day. The same is true of virtual every other consumer good that exists. The "growth" is far more simply maintenance than it is unlimited expansion. Even in a mature economy where the demand for new products is reduced, people still need new clothes and paint for their house.

And the laws of supply and demand deal quite nicely with shortages of natural resources or particular goods while still allowing commerce and profit while a resource is still available and in demand. Diamonds are the quintessential example of this. DeBeers creates artificial shortages to drive up the price while advertising heavily to increase consumer demand. Thus a scarce resource is made more scarce, and more valuable as a luxury item, without depleting the resource. But eventually, if the resource is depleted, consumers simply turn their attention elsewhere and demand other goods.

To say that the earth is a "finite resource" is technically true, but effectively nonsense, because consumers simply adjust their desires and demand to reflect what's available to them in their particular market. In Libya the demand for weapons and ammunition is high right now, along with the demand for dates and water. iPods and computers, not so much.

Will the earth eventually run out of resources? Maybe, perhaps a billion years in the future. The question is are we going to cause mass extinction of humans and force everyone back to a hunter-gatherer existence in order to "protect" the earth from resource depletion, or are we going to exploit the resources we have and find a way to leave the earth and gain access to the limitless resources of the solar system, galaxy and universe. Are we going to live drab, meaningless existences in wattle-and-daub huts grubbing in the soil with a pointed stick like the inhabitants of Africa?

Not me. If you want to wear a hair shirt and grub for roots and berries in drab proletarian solidarity, knock yourself out. But I'm going to go right on living a comfortable life full of nice things in a capitalist society that provides me with what I need and want.
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Re: Designer capitalism

Post by Coito ergo sum » Wed Mar 23, 2011 4:59 pm

Sisifo wrote:
FBM wrote: How can people co-exist in society without producing, buying and selling goods? What's so unnatural or unhealthy about it?
That's not capitalism. That's trade. Capitalism is that the goal of economic profit runs the system by means of free (unregulated) market.
Not exactly. Capitalism is where the means of production of goods and services is held, for the most part, privately. The degree of regulation in the market can vary. The least regulated form would be "laissez-faire" capitalism. Capitalism doesn't have to be laissez faire though.
Sisifo wrote:
The most obvious flaw it's that if profit seek becomes the only market rule, then unprofitable activities will not be taken by anyone.
Profit is not the "only" market rule.
Sisifo wrote:
Those activities are like health system, education, transport and other human needs of the dispossessed.
Clearly, those things do exist in capitalist countries.
Sisifo wrote:
The second flaw it's that without said regulation, it can easily create social and environmental abuse.

In both cases, you have to establish a regulation. In the first one, taxes and fiscal policies. In the second one, other laws (child labour, working hours, minimum wage...).
Capitalism does not assume that there is no taxation or fiscal policy, or that children are allowed to work, or that there are no working hours or minimum wage laws. Clearly, Capitalism can involve some combination of those laws and more. The US has always been a capitalist country, but laws regulating commerce at the state and the federal level have always existed.
Sisifo wrote:
The only point would be how much of those norms to put. Too few, and you are truly capitalist. Too many, and you are socialist.
I don't think this is right. This assumes that "true" capitalism is anarchy, and socialism is "too much" regulation. Neither of those statements is true. Capitalism is the economic system where the means of production is held, for the most part, privately, and socialism is where the means of production is held, for the most part, by the State.
Sisifo wrote:
I think evident that capitalism is the best system for economic maximisation, but it sucks at social welfare. And socialism rules for social welfare, but sucks at finding economic efficiency... To be in the middle or swing among the systems with healthy regular policy changes is the way to find a good balance.

But now I will let Seth and .Morticia. to tear each other to pieces.
I'm not sure about the "social welfare" thing. When the US, for most of its history, had the highest standard of living in the world (until just a few years ago, this was still true - although it is generally no longer considered to have the highest standard of living, it's still high up there). Since the US has always been considered the leading "capitalist" country, one would think - if what you say is true - that the welfare of Americans would have traditionally been worse than that of the rest of the world, particularly the non-capitalist world. Clearly, that is not the case. It just isn't. In fact, although correlation does not equal causation (necessarily), there is a correlation between the ranking of the US as a "free market economy" dropping and the standard of living in the country also dropping. One might legitimately wonder if there is a connection.

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Re: Designer capitalism

Post by Seth » Wed Mar 23, 2011 5:00 pm

FBM wrote:
JOZeldenrust wrote:
FBM wrote: How much fatter can we get? How many more gadgets can we own? How can a growth-based economic system continue to grow on a finite planet with finite resources?
Value isn't a material property.
True, it's an abstract, but at some point material concerns form the foundation of economies, do they not? That is, what good does it do to hold the title of CEO or whatever if you live in a cardboard box down by the river?
As long as we develop new shit that we appreciate more then what we previously had, the total worth of our economy goes up.
Fair enough. We've gotten to where we are now by inventing new shit to replace the old shit. I don't see any reason to think we'll run out of inventiveness and trendiness.
It doesn't necessarily have anything to do with physical resources.
Yeah, service industries make up a large part of the global economy, and they have room to expand. But as the world's human population grows, so will the strain on the planet's finite resources, no? If nothing else, mere space for people to live. Here in Korea, it's common to see mountains being physically leveled to make room for a city to expand. This, if nothing else, poses a practical limit on growth. And then there's food and clothing, transportation, employment...

If we do manage to curb population growth - a very hot topic - and start recycling practically everything we use, we might be able to reach a steady-state population. But I don't see much evidence for that happening yet. Not impossible in theory, but a bugger to put into practice. We'd have to take away the basic human right to reproduce at will, like China has. That'll piss a lot of people off...
And it'll never, ever happen. People will eventually kill any bureaucrat or politician who tries it, because human nature and natural selection won't allow it. Human existence is just like any other animal, and we'll go in a boom/bust cycle just like many other species. Population will build to a tipping point, and then either a natural disaster will overtake us, like disease, or we will kill each other off, the population will be reduced, and the cycle will begin again. Get used to it.
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Re: Designer capitalism

Post by FBM » Wed Mar 23, 2011 5:08 pm

Dude. I was talking about population control, not regression to the Bronze Age. What we've been doing isn't sustainable indefinitely. We do need to change our economic fundamentals to acknowledge the finite nature of the planet, but that doesn't entail wiping out the technological developments we've already made. We just need to wear rubbers and stop thinking like the Babble says wrt "Go forth and multiply".
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Re: Designer capitalism

Post by JOZeldenrust » Wed Mar 23, 2011 5:11 pm

FBM wrote:But can this continue indefinitely? The future is a damned long time.... :eddy:
It can in principle. However, for the moment, our economy still has a considerable material component, and though its worth relative to the total economy is slowly decreasing, the absolute size of the material component of the economy is still growing. It will reach equilibrium at some point, but whether that point will be reached before the catastrofic collapse of society, I have no idea.

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Re: Designer capitalism

Post by Seth » Wed Mar 23, 2011 5:21 pm

redunderthebed wrote:
Seth wrote:
Sisifo wrote:No. Suppy and demand are an economic law. Not a capitalist one. Demand without profit would be unattended in an entirely capitalist system.
Supply and demand are part and parcel of capitalism. And yes, demand without profit would be unattended, and rightfully so. Just because you want something does not obligate others to labor on your behalf to provide it to you without the compensation of profit for their labor.
The rest of the statements, such as "the destruction of civilization and the progenitor of death en masse", "the slothful proletariat, who deserve to starve" "who NEED to go hungry because that's the best way to instill some industry and accountability in them" denotes that more than a exchange of opinions, we would need an exchange of life experiences to understand each other.I believe you are too engaged emotionally to the topic of economic organisation to build any kind of educational debate.
Refusing to recognize the economic reality of collectivism is not the path to enlightenment.
I am glad that you are so attached to your beliefs though. On my part, I prefer to be more open to ideas from every side and see the world less burdened and angered by my opinions :td:
When you see oppression, death, destruction and tyranny resulting from Marxism and socialism as a universal, unavoidable consequence of the core principles of the ideology, it's perfectly justifiable to point out the fundamental flaws as a counterbalance to the propaganda that makes collectivism superficially attractive to the dependent classes. Collectivism, socialism and particularly Marxism depend upon the ability of the intellectual elite class to propagandize the proletarian class and stir them to action without actually telling them everything. That's why the Marxist dialectic focuses on the supposed inequities of "exploitation of the working class" without critically examining the role of capital investment and the necessary rewards for risk-taking through capital investment that make free markets function.

I note that nothing in US law prevents any group of workers from "owning the means of production," and indeed large segments of the population do exactly that, like family farmers, small business owners and others who labor long and hard to acquire the means of production precisely so that they can enjoy the fruits of their labor. Moreover, nothing prevents groups from "socializing" together to create a company that owns the means of production collectively, and such companies do exist in the US. They are in fact ubiquitous. They are called "corporations."

In a corporation, you see, they generally start out small, with a group of individuals getting together to pursue some grand idea for a product that will sell in the market. These people both invest their personal capital assets and their labor and they work together, usually putting in long hours at high risk of personal bankruptcy, to create a profitable business. Generally, start-up corporations are founded with the capital of the initial partners, who agree to operate the business collectively, although they may assign duties and roles depending on the particular strengths of each partner.

Over time, if the company is successful, they begin to hire employees. They may offer profit-sharing or stock options to create loyalty to the company through a direct financial interest in its success. As time passes, the original shareholders, who rightfully control and profit from that which they have created, hire employees, build factories and seek investment from others who see the potential for profit.

Then the Marxists show up and complain that they are being "exploited" because they came late to the table, risked nothing, and accepted a wage in return for their labor. Understandably and rightfully, the people who worked to build the company, who own the majority of the share of stock, and their investors, who invested and risked their money to help the business succeed and expand, tell the Marxists to go fuck themselves.

The problem with Marxists and socialists is that they think that they are entitled to walk in whenever they feel "exploited" and demand that the people who built the company from the ground up, who risked their personal fortunes, their houses and everything they owned, who worked day and night to build the company into a success, turn the "means of production" over to the employees the owner hire to do a day's work for a day's pay.

Fuck them. If they want to own the means of production, then they can fucking well BUILD IT THEMSELVES, from the ground up, using THEIR OWN capital investment and THEIR OWN labor to create whatever the fuck they want by way of "means of production." They have no right, and no moral expectation to be able to seize from someone else what that person worked to create, no matter how large or successful that corporation may have become over time. The asswipes in the autoworkers unions had absolutely NO RIGHT whatsoever to be granted an ownership share in GM under ANY circumstances, and particularly not over the interests of the secured bond holders whom Obama defrauded in one of the biggest Marxist government rip-offs in history.

If the labor unions want, they can go pool their own money and either BUY the assets of GM, or go build their own fucking auto plants and set them up any way they like. But they don't, they collude with the Marxist asswipe in the White House to steal GM from the people who risked their own money to keep it in business instead.

But for them to steal the money of the secured bond holders is reprehensible beyond all imagining. It's a violation of law and custom that defies reason, and it has egregiously damaged our economy because now people are not willing to invest their money in corporations as secured bond holders because they know the government can simply lawlessly step in and strip them of their property without so much as a by-your-leave. This cripples our corporations and our economy, and it's why both businesses and investors are sitting on their cash and not investing it.

The fact that every corporation on the face of the earth started out with some individuals pooling and risking their own money and their own labor to fund a good idea and build it into a wealth-generating juggernaut that employs the proletarian dependent class is lost on Marxists, who, in their individual greed and selfishness, think that all that wealth just created itself and therefore ought to be seized by the working class because not to do so is to exploit them.

Lunatics, every one.
Oh you brighten up my day.

You wouldn't know about marxism if it bit you on the arse.Since when did everyone have equal opportunity to build businesses they don't it's called a class system designed specifically to keep the poor poor and the rich rich and yes there is exceptions but they are rare i mean if everyone had equal opportunity the current system would collapse........not that its a bad thing or anything.
Evidently I know more about Marxism than you do.

The concept that Marxists cannot comprehend is that "equal opportunity" and "equality of outcome" are two entirely different things. Another thing that Marxists cannot comprehend is that nature imposes a class structure in capitalism. It's a class structure that divides people into capitalists who have the intelligence, drive and courage to take risks and forge economic success for themselves and the dependent class who are risk-averse and simply want to be taken care of.

The dependent class includes most of the working class laborers who sell their labor in return for a steady paycheck. The working class laborers are different from the pure dependent class because they are dependent in the sense that they require the presence of capitalists who are willing to risk their capital in order to create businesses that create jobs for the working class laborer to take.

The working class laborer sets the value of his day's labor through his education, skill, work ethic and ability to be of value to the business owner. Because he is risk-averse, the laborer accepts the contract for employment, and the wage that represents the value of his labor, in return for getting a steady paycheck whether or not the widget that he builds ever gets sold. He makes a choice to sacrifice economic prosperity for safety and predictability of income, whereas the business owner, and the capitalist who risks his capital to build the widget factory, risks everything, and is thus entitled to whatever profits can be generated after paying the workers and the costs of producing the widget.

But the working class laborer has EQUAL OPPORTUNITY to become a business owner or capitalist, if he has the knowledge, skill, drive and is willing to take the risks that justify the rewards of entrepreneurship. There are no LEGAL or SOCIAL impediments placed in his way, as there were in societies based on hereditary aristocracy like feudalism. Only the individual worker's personal limitations and willingness to accept risk impede his opportunity to achieve economic success. There is no legally-enforced class or caste system that prohibits persons of the working class from scraping some money together and starting their own business. Only their ability limits them.

And their ability is a combination of nature and nurture. The working class creates itself, it's not imposed on them by anyone, and any particular member of the working class is free at any time to better himself economically and socially. That doesn't mean he'll be ABLE to do so, or WILLING to do so, in which case he's better off being a laborer, where at least his skills and abilities are marketable and he can earn a living for himself and his family. If he's too lazy to be a member of the working class, and is a member of the truly dependent class, then he deserves his hunger and his poverty, because nobody owes him a living, he has to go out and earn it for himself.

THAT is equal opportunity. What you're referring to is the distorted and delusional Marxist version that is actually nothing more than an argument for equality of OUTCOME. That's the fundamental flaw in Marxism; the presumption that everyone is entitled by right to equality of economic outcome with everyone else. They aren't. You work, or you starve. It's just that simple. How hard you work will have a direct impact on your economic condition.

The natural destination of the particularly idiotic Marxist notion of mandatory equality of outcome is drab universal proletarian privation and misery, as demonstrated by the Soviet Union and Communist China.
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Re: Designer capitalism

Post by Seth » Wed Mar 23, 2011 5:22 pm

FBM wrote:Dude. I was talking about population control, not regression to the Bronze Age. What we've been doing isn't sustainable indefinitely. We do need to change our economic fundamentals to acknowledge the finite nature of the planet, but that doesn't entail wiping out the technological developments we've already made. We just need to wear rubbers and stop thinking like the Babble says wrt "Go forth and multiply".
Nature will take care of it. Until then, eat, drink and be merry, for tomorrow we die.

What, you wanted to live forever?
"Seth is Grandmaster Zen Troll who trains his victims to troll themselves every time they think of him" Robert_S

"All that is required for the triumph of evil is that good men do nothing." Edmund Burke

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Re: Designer capitalism

Post by Tero » Wed Mar 23, 2011 5:28 pm

What is wrong with the bronze age?

Other than religion.

The Luddite in me wants to prune back technology.

Armed with oil and coal, our industry and competitiveness leads to overuse of resources.

Think of all the spare time we could have if we quit producing so much.

Communism as we knew it 1900s style did much the same.

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Re: Designer capitalism

Post by .Morticia. » Fri Mar 25, 2011 4:15 pm

FBM wrote:If you're against capitalism altogether, please explain what you think is wrong with it and why. How can people co-exist in society without producing, buying and selling goods? What's so unnatural or unhealthy about it? What's a superior alternative, and why?

Please be aware that I'm no fan of any 'ism'; I'm open-minded about workable alternatives.

For others, what's wrong with (what needs to be improved about) the version of capitalism - or whatever economic system there is - where you live?

Capitalism is not the same as trade, ie, producing, buying and selling.

Capitalism doesn't even rely on trade, Capitalism is about making a profit on what workers produce as well as destroying competition so you can exploit trade.

There was trade millenia before Capitalism, but people didn't invest their surplus in increasing manufacturing output, they invested it in farming, real estate or cultural activities.

The problem with Capitalism is that it doesn't provide for the needs of society and fosters empty materialistic life goals.

most marxists won't even prescribe a system for society ( the ones that do are politicians , grrrrr )

they know that society grows and develops and that when a time comes for change people will do it on a micro not a macro level.

IOW, people will create their own alternative. There will be no revolution.
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Re: Designer capitalism

Post by Coito ergo sum » Fri Mar 25, 2011 4:43 pm

.Morticia. wrote:
FBM wrote:If you're against capitalism altogether, please explain what you think is wrong with it and why. How can people co-exist in society without producing, buying and selling goods? What's so unnatural or unhealthy about it? What's a superior alternative, and why?

Please be aware that I'm no fan of any 'ism'; I'm open-minded about workable alternatives.

For others, what's wrong with (what needs to be improved about) the version of capitalism - or whatever economic system there is - where you live?

Capitalism is not the same as trade, ie, producing, buying and selling.

Capitalism doesn't even rely on trade, Capitalism is about making a profit on what workers produce as well as destroying competition so you can exploit trade.
Actually - capitalism is an economic system based on the private ownership of the means of production, distribution, and exchange, characterized by the freedom of capitalists to operate or manage their property for profit in competitive conditions. Capitalism does involve trade, insofar as trade is the act or process of buying, selling, or exchanging goods and services, at either wholesale or retail, within a country or between countries. It's hard to imagine capitalism not relying on trade.
.Morticia. wrote: There was trade millenia before Capitalism, but people didn't invest their surplus in increasing manufacturing output, they invested it in farming, real estate or cultural activities.
When a farmer farms land, makes money from it, and buys additional land, that's capitalism. When the means of production are not held privately, but by the State, then it's something else. Yes, there was trade millenia before capitalism - like, in feudalism in Europe and under serfdom in Russia - the farmer didn't own the land, or the product of the land. The farmer just worked it, and the landowner (Lord or Boyar) reaped the benefits, and essentially all land was held by the State - at the top was the King or Czar and he owned it all, subdividing it among Lords and other aristocrats who held State power. The means of production were not, as a result, privately owned.

.Morticia. wrote: The problem with Capitalism is that it doesn't provide for the needs of society and fosters empty materialistic life goals.
That does not appear to be factually true, in the real world. In countries that have capitalist economies, the needs of society have been met. In those that have not had capitalism, the needs of society appear not to be met as well. Recall the Soviet bread lines, and recall the Cuban rationing of rice and beans. How are the needs being met in these countries? How are the needs not being met in the United States, which has a capitalist economy and a hefty safety net?
.Morticia. wrote:
most marxists won't even prescribe a system for society ( the ones that do are politicians , grrrrr )
So then what good are they? If you aren't suggesting an alternative, then what ARE you suggesting?
.Morticia. wrote:
they know that society grows and develops and that when a time comes for change people will do it on a micro not a macro level.
Alright then. What do you expect it will change into?
.Morticia. wrote:
IOW, people will create their own alternative. There will be no revolution.
If someone asked you to tell them what Marxism was, what would you say?

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