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Laelth

(32,017 posts)
Thu Mar 6, 2014, 03:37 PM Mar 2014

Capitalism is NOT a dirty word.

In my world, a liberal is a capitalist who seeks to shield capitalism from its own excesses and who hopes to channel capitalism's productive energy into a system and society that creates wealth for all. Capitalism is certainly better than socialism--i.e. state ownership of all property.

Ultimately, capitalism works, and it works well, but it works better when liberal laws are in place to insure that all citizens benefit from it (and not just the wealthy few at the top).

It is serious error for liberals to disparage capitalism. Liberals are capitalists. We just want a sane, just, and humane capitalism.

-Laelth

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Capitalism is NOT a dirty word. (Original Post) Laelth Mar 2014 OP
Fuck that NoOneMan Mar 2014 #1
LOL. Laelth Mar 2014 #4
The argument was without merit NoOneMan Mar 2014 #11
It doesn't bother me. Laelth Mar 2014 #26
To an incredibly weak statement NoOneMan Mar 2014 #27
I agree completely with your OP JaneyVee Mar 2014 #152
That's it in a nut-shell. Thanks. n/t Laelth Mar 2014 #200
It's that "unregulated" capitalism that is the problem. kentuck Mar 2014 #233
FDR and LBJ proved that capitalism can, in fact, be regulated. Laelth Mar 2014 #345
All FDR and LBJ proved is that capitalism can be regulated TEMPORARILY, Raksha Mar 2014 #352
I don't disagree, per se. Laelth Mar 2014 #357
agreed. capitalism is about profit over resources Whisp Mar 2014 #276
I hear what you're saying Laelth, however, loudsue Mar 2014 #2
So trashing it publicly will get the slower students to re-think it and do what exactly? LionsTigersRedWings Mar 2014 #12
Change the way this country lets it run rampant over people, the environment, loudsue Mar 2014 #22
So you would like to see what to OP talks about, Capitalism with liberal laws in place to LionsTigersRedWings Mar 2014 #25
Yep n/t loudsue Mar 2014 #46
Won't work lark Mar 2014 #74
Have you considered it's the political apparatus and not the economic apparatus that's to blame? kristopher Mar 2014 #85
In the future everything not prohibited will be mandatory Fumesucker Mar 2014 #223
Mandatory voting is the best tool for ensuring a democracy that functions. kristopher Mar 2014 #225
I don't think it would make much if any difference in our propaganda drenched society Fumesucker Mar 2014 #235
That is, by FAR, the lesser of two evils. kristopher Mar 2014 #237
How do you know it will be "a small fine"? Fumesucker Mar 2014 #238
I'm sorry... kristopher Mar 2014 #239
You made a statement and now don't want to back it up? Fumesucker Mar 2014 #241
No, I don't want to back it up. kristopher Mar 2014 #242
I thought Australia was doing quite well with compulsory voting. Ed Suspicious Mar 2014 #252
Sorry to burst your bubble, but . . . . Tony Abbott hatrack Mar 2014 #322
OK, but what alternative do we propose? Laelth Mar 2014 #29
We ARE proposing something as an alternative. Where have you been? loudsue Mar 2014 #43
Indeed. I agree with all that you propose. Laelth Mar 2014 #81
I thought the original post might have been satire PATRICK Mar 2014 #278
Yep, 1950s talking points... Raksha Mar 2014 #353
Capitalism would work splendidly if only if weren't what it is. delrem Mar 2014 #173
Socialism hasn't actually been tried. Fantastic Anarchist Mar 2014 #84
I have read Bakunin, and I have heard that argument many times. Laelth Mar 2014 #114
What Republicans seem to forget... NancyDL Mar 2014 #130
Well, that's your head WELL above the parapet. sibelian Mar 2014 #3
I can withstand the barrage. Laelth Mar 2014 #13
The alternative is to take from the rich, and give to the poor .... oldhippie Mar 2014 #24
That's the definition of liberalism. Laelth Mar 2014 #35
See? You're trashing socialism. It's not black & white. That is why people need to re-think loudsue Mar 2014 #32
I am trashing socialism, yes. Laelth Mar 2014 #45
I agree with that 100%. So...capitalism doesn't need you to speak up for it... loudsue Mar 2014 #51
Capitalism in this country HAS gone bad. Laelth Mar 2014 #60
No it DOESN'T mean state ownership of all property, that's COMMUNISM. sibelian Mar 2014 #52
The U.K. is a capitalist society. Laelth Mar 2014 #64
Yes, OK fair enough, the beef isn't worth chewing. sibelian Mar 2014 #71
LOL. Cheers, my friend. Laelth Mar 2014 #87
Huh? tea and oranges Mar 2014 #180
Perhaps I erred in my wording. Laelth Mar 2014 #220
Sigh! tea and oranges Mar 2014 #243
"If only capitalism didn't produce capitalists...".... socialist_n_TN Mar 2014 #245
I don't know. Laelth Mar 2014 #256
Have You Not Noticed the Gov't of Australia's Gone Right Wing? tea and oranges Mar 2014 #259
Its not right wing as we know it. Notafraidtoo Mar 2014 #277
As in the economic decision to go full speed ahead tea and oranges Mar 2014 #284
Australian Liberalism? Fairgo Mar 2014 #307
Thanks for the tip. Laelth Mar 2014 #309
So you telling me that the Norther European SOCIAL DEMOCRACIES nadinbrzezinski Mar 2014 #109
They can call themselves socialist all they want. Laelth Mar 2014 #132
But they ARE social democracies nadinbrzezinski Mar 2014 #134
Here's what Truman had to say about this distinction. Laelth Mar 2014 #228
Need I remind you that was the height of the COLD WAR nadinbrzezinski Mar 2014 #230
You are conflating so many terms it is making my head hurt. blackspade Mar 2014 #249
Thank you for this clarification. Laelth Mar 2014 #255
I say yes, Capitalism is a dirty word. blackspade Mar 2014 #261
In fact, I don't disagree with you ... about the word. Laelth Mar 2014 #287
Not criticisizing you, but... OilemFirchen Mar 2014 #133
What we call it in my econ and int'l business courses laundry_queen Mar 2014 #148
I think your definition of socialism might be a LITTLE strict, there... sibelian Mar 2014 #34
I think a lot of people throw around the word "socialism" without knowing what it means. Laelth Mar 2014 #47
... sibelian Mar 2014 #68
You are talking about communism, not socialism. lark Mar 2014 #110
Liberal socialism (like they have in some European countries) is just liberalsim. Laelth Mar 2014 #117
Hi Laelth... ReRe Mar 2014 #150
The right calls everyone to the left of Hitler a socialist. Laelth Mar 2014 #288
The OP is just a Semantical Game LarryNM Mar 2014 #176
In part, yes. Laelth Mar 2014 #222
Is that in the context of ethics or in the context of efficiency? LanternWaste Mar 2014 #120
I admit that I am not terribly interested in efficiency. Laelth Mar 2014 #138
thanks, Laelth cali Mar 2014 #5
Thanks for the kind words, cali. Laelth Mar 2014 #37
Capitalism is an unjust means of dividing resources. That seems pretty "dirty" to me. MNBrewer Mar 2014 #6
This rests on your notions of "just". sibelian Mar 2014 #9
I would agree, and that lack of critical examination has gotten us to this paradise, called MNBrewer Mar 2014 #16
Perhaps capitalism is unjust. Laelth Mar 2014 #54
Capitalism can be two farmers trading an apple and an orange... TampaAnimusVortex Mar 2014 #82
No, that is just trade cprise Mar 2014 #96
Someone needs to go back to school TorchTheWitch Mar 2014 #248
Sharecropping (a concentration of wealth) has been a major feature of capitalism. cprise Mar 2014 #254
I can see why you failed at this in school TorchTheWitch Mar 2014 #272
Exactly... Trade IS capitalism... TampaAnimusVortex Mar 2014 #372
It works well for some. It has never worked well for all. Democracyinkind Mar 2014 #7
Until we have a viable alternative, I see no option but to make the best of it. Laelth Mar 2014 #56
I'm still betting on Socialism. nt Democracyinkind Mar 2014 #61
No, it's a dirty economic system. rug Mar 2014 #8
But what can those of us on the left offer that would be better? Laelth Mar 2014 #153
"the system under which we...have prospered" handmade34 Mar 2014 #194
Its core value of reducing everything, including humans, to a commodity can be explicitly rejected. rug Mar 2014 #218
Nah, we should go with communism LittleBlue Mar 2014 #10
When exploiting the earth and the people to fashion unnecessary comforts to be... NoOneMan Mar 2014 #20
I'll have Green Goddess, please. OilemFirchen Mar 2014 #50
See? That's just ignorant as hell. Like it is supposed to be some dogma that everyone can live by. loudsue Mar 2014 #36
Thank you. nt sibelian Mar 2014 #41
I disagree with your basic definition of socialism.... mike_c Mar 2014 #14
Unrestrained capitalism is evil, admittedly. Laelth Mar 2014 #163
worker control of the means of production was the norm before the industrial revolution.... mike_c Mar 2014 #174
+1 Starry Messenger Mar 2014 #234
I have no interest in going back to a medieval economy. Laelth Mar 2014 #289
that's not at all what I said, but you're also demonstrating quite a bit of misunderstanding... mike_c Mar 2014 #351
I have read Dickens. Laelth Mar 2014 #356
+1 n/t Catherina Mar 2014 #374
Good luck wih that. oldhippie Mar 2014 #15
LOL. Thanks. Laelth Mar 2014 #164
Well-regulated capitalism for me, thanks. Scuba Mar 2014 #17
Also known as "cocoon-capitalism" NoOneMan Mar 2014 #86
Thanks for the post, Scuba. Laelth Mar 2014 #347
Your definition of socialism is wrong, too. MNBrewer Mar 2014 #18
I got my definition from Marx and Engles, I think. Laelth Mar 2014 #166
They didn't coin the term at all. nt Fantastic Anarchist Mar 2014 #177
No, they certainlywould didn't coin the term fishwax Mar 2014 #189
SOmething like that, yeah. MNBrewer Mar 2014 #219
"Liberals are capitalists" FiveGoodMen Mar 2014 #19
LOL. Admittedly, I have not met every person who self-identifies as a liberal. Laelth Mar 2014 #167
I'm saying that you've chosen to define the word in your own terms FiveGoodMen Mar 2014 #168
I was wondering that myself, but I thought maybe I'd just missed the memo. Dark n Stormy Knight Mar 2014 #207
Liberalism and socialism are very different things. Laelth Mar 2014 #257
Truman said something bad about socialism so liberals are capitalists? FiveGoodMen Mar 2014 #260
Umm ... Laelth Mar 2014 #264
...at least in Truman's view. FiveGoodMen Mar 2014 #282
Capitalism relies on consumption. upaloopa Mar 2014 #21
It seems our disagreement, if any, is merely semantic. Laelth Mar 2014 #172
Yes I think we define things differently upaloopa Mar 2014 #181
Truman, of course, argued that Social Security is what PREVENTED socialism. Laelth Mar 2014 #262
Where does social security come in that statement? upaloopa Mar 2014 #283
Hmm ... Laelth Mar 2014 #286
Who is we? Starry Messenger Mar 2014 #23
The "we" in the OP refers to American liberals. Laelth Mar 2014 #175
I don't think you, or any one person, can speak for LWolf Mar 2014 #362
You are quite right, of course. I stand corrected. Laelth Mar 2014 #363
I want a system that benefits the 99%. LWolf Mar 2014 #369
Any economic model that commodifies everything is toxic villager Mar 2014 #28
I don't disagree with you. Laelth Mar 2014 #182
I'm more of a democratic socialist. Though one fellow writer describes it as "Left Libertarian" villager Mar 2014 #186
More to the point, there's more than one kind of capitalism... JHB Mar 2014 #30
CHRIST!!! Look at 1955!!! I had no bloody idea. sibelian Mar 2014 #38
That was only if you made over $1.5 Million per year IN 1955 dollars.... loudsue Mar 2014 #58
Um... sibelian Mar 2014 #72
Actually, that's if you made over $400K in 1955 dollars... JHB Mar 2014 #129
Lots of people have no bloody idea JHB Mar 2014 #170
Very interesting post, JHB. And you can see how they were able to successfully loudsue Mar 2014 #269
If we are to continue to have Capitalism, the Keynesian model is the best. PotatoChip Mar 2014 #89
What are liberal laws? I don't see the word 'regulation' in your post, is that what you mean? Avalux Mar 2014 #31
Excellent question. Thank you. Laelth Mar 2014 #187
Socialism is common ownership of the means of production. NuclearDem Mar 2014 #33
So under your system... MicaelS Mar 2014 #90
What's the problem with that? NoOneMan Mar 2014 #102
The problem is that it is a disincentive to grow the business... MicaelS Mar 2014 #143
Why is that a disincentive? NoOneMan Mar 2014 #146
Yes! Why do we have to keep batting down RW talking points here? Dark n Stormy Knight Mar 2014 #179
... handmade34 Mar 2014 #195
That attitude is the problem. NuclearDem Mar 2014 #204
We can't legislate altruism. n/t Laelth Mar 2014 #266
The point is that the use of public resources has to go towards benefiting the whole. NuclearDem Mar 2014 #113
You've pointed out a very obvious problem with "capitalism is evil" sibelian Mar 2014 #118
+1. n/t Laelth Mar 2014 #310
Property is Theft ~ Pierre-Joseph Proudhon Fantastic Anarchist Mar 2014 #97
+! n/t LarryNM Mar 2014 #169
I like your definition, and I can work with it. Laelth Mar 2014 #290
"There is a difference between "private property" and "personal property". Most important post ^ n/t Catherina Mar 2014 #375
'liberal' is what created the corrupted system we now live with. nt xchrom Mar 2014 #39
Exactly. Fantastic Anarchist Mar 2014 #95
Thank You. Like Howard Zinn said, (paraphrasing) Skeeter Barnes Mar 2014 #155
What can I say? I am sorry to hear that you feel that way. Laelth Mar 2014 #191
If only we still lived in a capitalist society. Alas we live in a plutocracy now. Rex Mar 2014 #40
I hear you, but the US is and always has been an oligarchy. Laelth Mar 2014 #193
an oligarchy that meets the needs of all the people." is perhaps the most fanciful statement ever TheKentuckian Mar 2014 #370
Perhaps. Laelth Mar 2014 #373
You think the oligarchs are the office holders? No wonder we have a failure to communicate. TheKentuckian Mar 2014 #378
Hmm ... Laelth Mar 2014 #379
Well, if the oligarchs are beyond election then I'm missing the "how" to get benign ones TheKentuckian Mar 2014 #380
Let me see if I can explain. Laelth Mar 2014 #381
That was well written and you know what? I substantially agree with you. TheKentuckian Mar 2014 #382
First... that took guts. 1awake Mar 2014 #42
First, let me say "thank you" for the kind words. Laelth Mar 2014 #198
bullshit. Capitalism does not work for the vast majority. bowens43 Mar 2014 #44
It does with proper controls. AtheistCrusader Mar 2014 #139
Some times I pray that armies of true Progressives would become business owners bluestate10 Mar 2014 #250
Safety nets and labor protections are good for business. AtheistCrusader Mar 2014 #271
I thought we had pretty much all agreed on a mixed approach by now? ForgoTheConsequence Mar 2014 #48
Not only agreed to it, but implemented it. OilemFirchen Mar 2014 #57
Glad you made an OP on this Pretzel_Warrior Mar 2014 #49
Sigh. This thread has been a major drain on my mental reserves. Laelth Mar 2014 #202
Yep! Glad you did too. Maybe I'll read through more later Pretzel_Warrior Mar 2014 #203
So Socialism IS a dirty word?! Oakenshield Mar 2014 #53
Not a dirty word; just a fantasy word... brooklynite Mar 2014 #59
Bullshit. Oakenshield Mar 2014 #63
...and all of those were built within a capitalist system... brooklynite Mar 2014 #93
Brilliant argument. Oakenshield Mar 2014 #108
I don't say that something that hasn't been tried should never be tried... brooklynite Mar 2014 #116
I really had no idea the northern European countries were small settlements nadinbrzezinski Mar 2014 #121
Capitalism has been outlawed in Scandinavia? brooklynite Mar 2014 #135
Scandinavia *IS* a social democracy nadinbrzezinski Mar 2014 #137
Social Democracy *IS NOT* SocialISM brooklynite Mar 2014 #144
Well I guess my poli sci instructor who used to be CIA nadinbrzezinski Mar 2014 #145
I would only be "afraid" if I thought the prospect was real... brooklynite Mar 2014 #156
Go join the real world nadinbrzezinski Mar 2014 #159
Oh and here from them pesky commies at Foreign Affairs Magazine nadinbrzezinski Mar 2014 #231
Nor do I. Laelth Mar 2014 #359
So you're afraid. Own up to it and move aside. Oakenshield Mar 2014 #126
That's the problem. They haven't existed at a national level. NuclearDem Mar 2014 #206
It's not a fantasy word, it's a political PHILOSOPHY, not a hard-wired SYSTEM. sibelian Mar 2014 #80
I don't think anyone equates "Public Sector" with "socialism" as an economic structure. brooklynite Mar 2014 #98
With the possible exception of the self identifed SOCIALIST politicians sibelian Mar 2014 #131
What the OP has described IS SOCIAL DEMOCRACY nadinbrzezinski Mar 2014 #101
I cannot disagree. nt Sarah Ibarruri Mar 2014 #136
Hi Laelth. I like your posts a lot. Sarah Ibarruri Mar 2014 #55
You may be interested in the philosophy of Mutualism. Fantastic Anarchist Mar 2014 #105
Cool! I'll check into these. It's looking to me as if capitalism can only lead in one direction Sarah Ibarruri Mar 2014 #112
Hello, Sarah. Laelth Mar 2014 #205
I am sorry that your thoughts are profane PowerToThePeople Mar 2014 #62
Also, theoretically, capitalism will always result in monopolies in the end laundry_queen Mar 2014 #157
That's quite true of unregulated capitalism. Laelth Mar 2014 #208
I disagree. laundry_queen Mar 2014 #253
Deregulated, unchecked capitalism is the real underlying danger. Initech Mar 2014 #65
Hear, hear! n/t Laelth Mar 2014 #209
Socialism isn't "state ownership of all property." Fantastic Anarchist Mar 2014 #66
Hear! Hear! [n/t] Maedhros Mar 2014 #185
Ethically, I agree with you about the nature of capitalism. Laelth Mar 2014 #215
Distribution of power. Benton D Struckcheon Mar 2014 #67
I can't disagree with that. n/t Laelth Mar 2014 #291
Good thread and post. Trashing capitalism is cool, particularly if you don't understand it... Demo_Chris Mar 2014 #69
So is trashing socialism nadinbrzezinski Mar 2014 #122
Yes, the irony of that statement was not lost on me, LOL. laundry_queen Mar 2014 #160
People have no idea nadinbrzezinski Mar 2014 #162
This message was self-deleted by its author Laelth Mar 2014 #293
This message was self-deleted by its author nadinbrzezinski Mar 2014 #295
I misunderstood you. My apologies. n/t Laelth Mar 2014 #297
I hope you realize nadinbrzezinski Mar 2014 #70
Ya beat me to it. n/t malthaussen Mar 2014 #92
Perhaps. But it's not socialism. Laelth Mar 2014 #292
I will be charitable and use the *other term* used by experts nadinbrzezinski Mar 2014 #301
I will concede that you are the expert on the meaning of words. Laelth Mar 2014 #306
Sorry but that is: DeSwiss Mar 2014 #73
LOL. Extraordinarily creative response. n/t Laelth Mar 2014 #294
I agree. In the public debate, we need to talk more about ETHICAL Capitalism, Common Sense Party Mar 2014 #75
Hear, hear! We need to win elections. Laelth Mar 2014 #296
Americans are brought up to put capitalism on a pedestal Maedhros Mar 2014 #76
I hear you on that. Laelth Mar 2014 #298
My suggestion is to transition away from capitalism, rather than accede to it. Maedhros Mar 2014 #308
There's no such thing as pure capitalism or pure socialism kristopher Mar 2014 #77
"to limit the accumulation and concentration of capital," is essential! Dark n Stormy Knight Mar 2014 #199
Seen as a spectrum, this makes sense. Laelth Mar 2014 #303
But, when it combines with government to run the country it becomes Fascism. Which is a dirty word. Tierra_y_Libertad Mar 2014 #78
BINGO! Rex Mar 2014 #83
Yes, that's my understanding of the word fascism, or, "corporatism" as Moussolini called it. Laelth Mar 2014 #304
UNREGULATED capitalism cannot be successful. elleng Mar 2014 #79
Agreed. Unregulated capitalism leads to Mexico and Somalia. Laelth Mar 2014 #361
Ditto, elleng Mar 2014 #368
Not buying that. Rider3 Mar 2014 #88
Good thing I gave it to you for free, then. Laelth Mar 2014 #305
You mean like these Liberals? Zorra Mar 2014 #91
Um ... no. Laelth Mar 2014 #267
I have always liked you Laelth - TBF Mar 2014 #94
Thank you for the kind words. Laelth Mar 2014 #311
It seems the banksters didn't get the message. Cleita Mar 2014 #99
Socialism, or regulation to achieve social goals. riqster Mar 2014 #119
If what you call socialism is what I call liberalism, then I agree. Laelth Mar 2014 #312
Also - TBF Mar 2014 #100
I think history has proven that we CAN regulate capitalism. Laelth Mar 2014 #313
Were they "advances" though? TBF Mar 2014 #324
Indeed. That is the question. Laelth Mar 2014 #328
Yes, that is spot on re purpose of liberalism. TBF Mar 2014 #344
Agree completely with the OP. riqster Mar 2014 #103
Yes, he does, and thanks. n/t Laelth Mar 2014 #314
NP riqster Mar 2014 #319
It is to me. johnp3907 Mar 2014 #104
To be honest, it is to most Americans I know. Laelth Mar 2014 #316
I'm a liberal and I say capitalism sucks. Vashta Nerada Mar 2014 #106
Fine, but it's not terribly useful to make that argument, is it? Laelth Mar 2014 #317
Capitalism is what's wrong with the country. Vashta Nerada Mar 2014 #346
Agree. lumberjack_jeff Mar 2014 #107
When capital controls government, we call that fascism. Laelth Mar 2014 #318
Problem is, capitalism is based on a fundamental flaw... malthaussen Mar 2014 #111
That is a very serious problem, I agree. Laelth Mar 2014 #320
I have always considered myself a liberal capitalist. closeupready Mar 2014 #115
Same here. Thanks for the response. n/t Laelth Mar 2014 #321
There is a couple of decent posts on DU regarding David Simon. fleabiscuit Mar 2014 #123
I'm with you L, I've got no problem with that economic system tech3149 Mar 2014 #124
Agreed. Unrestrained, laissez-faire capitalism bites. Laelth Mar 2014 #329
It's a dirty word when America decides it's policy is to promote it by murder. Spitfire of ATJ Mar 2014 #125
I can't argue with that. n/t Laelth Mar 2014 #330
True. Unchecked, capitalism leads to a situation ... NancyDL Mar 2014 #127
Hear, hear! Well said. Laelth Mar 2014 #331
Tell that to Exxon Valdez survivors. raven mad Mar 2014 #128
Accidents never happen in non-Capitalist systems? brooklynite Mar 2014 #147
+2000! raven mad Mar 2014 #190
The Exxon Valdez spill was an avoidable accident, neccessary equipment was left Bluenorthwest Mar 2014 #315
No, but it is unsustainable. nt redqueen Mar 2014 #140
Hard to say, but we're stuck with it for the moment, I think. Laelth Mar 2014 #332
Unfettered Capitalism is, though. liberalmuse Mar 2014 #141
You can tell that to the children of America that died for a few table scraps. Rex Mar 2014 #142
One of those kids could have been my dad. He went down into the Cleita Mar 2014 #236
If capitalism is so great why does it need to be regulated? fasttense Mar 2014 #149
.... handmade34 Mar 2014 #197
So the system you want needs no regulation? JoePhilly Mar 2014 #216
That's actually why state socialism has yet to succeed. joshcryer Mar 2014 #265
The system I want needs no regulation to prevent the rich from abusing the 99%. fasttense Mar 2014 #279
I think we're much better off today than most Americans during the Gilded Age. Laelth Mar 2014 #341
But capitalism caused the Gilded Age as much as it has caused the current crisis. fasttense Mar 2014 #371
capitalism is dirty, filthy, unfair heaven05 Mar 2014 #151
Laelth, a sane, just, and humane capitalism appears to be out of our reach. Enthusiast Mar 2014 #154
I don't disagree. Laelth Mar 2014 #339
check out Gar Alperovitz's "What then is to be done" about democratic ownership zazen Mar 2014 #158
Thanks for the link. Laelth Mar 2014 #211
But that idealized capitalism is a chimera, it has never existed......... marmar Mar 2014 #161
Because it's a contradiction in terms. nt delrem Mar 2014 #178
No, 'socialism' doesn't mean state ownership of all property. delrem Mar 2014 #165
I am open to discussing your definition of socialism as soon as you produce it. n/t Laelth Mar 2014 #224
Do your own work. nt delrem Mar 2014 #226
I'll let Harry S. Truman speak for me on this one. Laelth Mar 2014 #229
yes, I'm sure you feel righteous in your affirmations. delrem Mar 2014 #244
"Liberal" in the USA is not the same as globally. joshcryer Mar 2014 #171
Well,. there is that too nadinbrzezinski Mar 2014 #183
Capitalism fails without socialist reforms/checks fishwax Mar 2014 #184
Those programs have been called "socialist." Laelth Mar 2014 #227
nah, they were socialist fishwax Mar 2014 #247
Capitalism is based on profiting off of other people frwrfpos Mar 2014 #188
It is sad watching someone get socialism and communism mixed up. Rex Mar 2014 #192
That slur was particularly unkind. n/t Laelth Mar 2014 #210
No offense, but it is true. I see that mistake made all the time here in Texas by RWingers. Rex Mar 2014 #212
It's all good. Laelth Mar 2014 #325
I see that now and appreciate the elaboration, which makes (for me) your OP make a lot more sense. Rex Mar 2014 #326
If I were to re-write the OP now, I'd do a much better job. Laelth Mar 2014 #327
Seems like a good time to post this. Didn't see it posted in this thread yet. redqueen Mar 2014 #213
I've given your exact explanation almost to right wingers treestar Mar 2014 #196
I know. Their understanding of political theory is often limited. Laelth Mar 2014 #201
From what I read above, some on the left might lop off your head for daring ... JoePhilly Mar 2014 #214
Thanks for the moral support and for the kind words. n/t Laelth Mar 2014 #323
As with the judiciary, there are two systems... WhaTHellsgoingonhere Mar 2014 #217
Is what we currently have "capitalism"? Faryn Balyncd Mar 2014 #221
Killer-good post. Laelth Mar 2014 #333
Are you familiar with the work of Charles M. Kelly, Laelth? Faryn Balyncd Mar 2014 #348
Actually, no. I was not familiar with his work. Laelth Mar 2014 #358
I mostly agree with you. It the fetishizing of unfettered capitalism that creates economic chaos Bucky Mar 2014 #232
Capitalism may not be a dirty word but I'm not a liberal jimlup Mar 2014 #240
Your understanding of capitalism is flawed blackspade Mar 2014 #246
Agree with you on almost everything. NuclearDem Mar 2014 #258
I was trying to use modern terminology for 'socialism' blackspade Mar 2014 #263
I think you made up those definitions on the fly. lumberjack_jeff Mar 2014 #268
Wrong in what way? blackspade Mar 2014 #270
There's no need for "regulation" in a socialist economy. lumberjack_jeff Mar 2014 #280
You're confusing socialist and state capitalist. NuclearDem Mar 2014 #281
I don't like your definitions, for reasons expressed above, but yes. Laelth Mar 2014 #334
This has been a very stimulating conversation actually. blackspade Mar 2014 #349
Capitalism is a practice, not a belief system. Deep13 Mar 2014 #251
I hear you, and I am aware of Marx's use of the word. Laelth Mar 2014 #335
ownership means control and dominion. Deep13 Mar 2014 #355
Sheesh MFrohike Mar 2014 #273
Perhaps, but context is relevant here. Laelth Mar 2014 #338
Oh, I got the context MFrohike Mar 2014 #340
Feel free to hide the thread if you don't like it. Laelth Mar 2014 #342
Sigh MFrohike Mar 2014 #354
The problem is that any criticism of capitalism is considered communistic by people who love liberal_at_heart Mar 2014 #274
All talk about the success of capitalism is based on a small exceptional period TheKentuckian Mar 2014 #275
That's like saying slavery is not the problem, it just needs better regulation. grahamhgreen Mar 2014 #285
Most people don't even know the meaning RobertEarl Mar 2014 #299
It's often forgotten that Liberalism is a capitalist ideology. WatermelonRat Mar 2014 #300
Quite. Laelth Mar 2014 #343
No, it's a clean word for a dirty system. JackRiddler Mar 2014 #302
It promotes a zero sum mentality that is detrimental to human developement. idendoit Mar 2014 #336
Social democracy like they have in Western Europe is basically the best thing that's been tested... Hippo_Tron Mar 2014 #337
Speak for yourself! In my world, capitalism *IS* a dirty word. Raksha Mar 2014 #350
In my book, Sweden is not a socialist country. Laelth Mar 2014 #360
Sweden uses a capitalist economic model soflo80 Mar 2014 #364
Sadly, we do not have a well-regulated, fair free market economy arcane1 Mar 2014 #365
+1 to soflo80. n/t Laelth Mar 2014 #367
It's "The 'C' Word" AgingAmerican Mar 2014 #366
When our "capitalists" lose money, our government runs in to bail them out. That's not "capitalism" Romulox Mar 2014 #376
You'll get no argument from me on that. Laelth Mar 2014 #377
 

NoOneMan

(4,795 posts)
11. The argument was without merit
Thu Mar 6, 2014, 03:45 PM
Mar 2014

It deserves no dignified response beyond "Fuck that".

I'm not particularly sorry if that bothers you. But afterall, I'm not the one wasting my time polishing a giant turd that manifests as a clear and present existential threat.

 

JaneyVee

(19,877 posts)
152. I agree completely with your OP
Thu Mar 6, 2014, 06:14 PM
Mar 2014

Capitalism isn't the enemy, unregulated capitalism is the enemy.

Laelth

(32,017 posts)
345. FDR and LBJ proved that capitalism can, in fact, be regulated.
Fri Mar 7, 2014, 08:18 PM
Mar 2014

We're certainly better off now than most Americans were during the Gilded Age, and the reforms of FDR and LBJ had a lot to do with that, I think.

-Laelth

Raksha

(7,167 posts)
352. All FDR and LBJ proved is that capitalism can be regulated TEMPORARILY,
Fri Mar 7, 2014, 10:07 PM
Mar 2014

provided the capitalists are sufficiently afraid of "the rabble" to allow themselves to be regulated. But they have to be in the shadow of the guillotine to allow it even temporarily, and that hasn't happened in a very long time.

Laelth

(32,017 posts)
357. I don't disagree, per se.
Sat Mar 8, 2014, 07:42 AM
Mar 2014

However, history has shown that liberal reforms, once enacted, are hard to get rid of. Conservatives have wanted to eliminate Social Security and Medicare, for example, since these programs were enacted. Despite 33 years of Reaganism, these programs are still with us (though their efficacy has been eroded over time as conservatives chipped away at the edges). Still, they haven't been able to get rid of them. It may take a new threat of the guillotine to enact any new liberal legislation that significantly modifies our current system, but what we have now is still way better than what we had in the Gilded Age. History shows not only that capitalism can be regulated and made more humane through liberal laws but that, once reformed, the people won't go back.

-Laelth

 

Whisp

(24,096 posts)
276. agreed. capitalism is about profit over resources
Fri Mar 7, 2014, 03:23 AM
Mar 2014

whether human or natural.

got to have that profit graph go up and up at any expense so some fat bastards can have 10 yachts. Fuck that is right.

loudsue

(14,087 posts)
2. I hear what you're saying Laelth, however,
Thu Mar 6, 2014, 03:41 PM
Mar 2014

the way capitalism is practiced in this country, it most certainly IS a dirty word, and to "trash" it, publicly, is the only way to get the slower students (republicans) to re-think it....or at least question its viability under the current culture. The entire meme has to change before the whole world goes to hell in a capitalist hand-basket.

12. So trashing it publicly will get the slower students to re-think it and do what exactly?
Thu Mar 6, 2014, 03:45 PM
Mar 2014

change the way capitalism works or to move on to a different system, which is something they probably won't do.

loudsue

(14,087 posts)
22. Change the way this country lets it run rampant over people, the environment,
Thu Mar 6, 2014, 03:50 PM
Mar 2014

and human decency. Yes. Maybe they will help us insist on changing the way it works....like FDR did for a short while.

25. So you would like to see what to OP talks about, Capitalism with liberal laws in place to
Thu Mar 6, 2014, 03:53 PM
Mar 2014

insure that all citizens benefit from it?

lark

(23,003 posts)
74. Won't work
Thu Mar 6, 2014, 04:43 PM
Mar 2014

America's tried that and guess what - the uber capitalists buy off the lawmakers to change the rules to ones that benefit them. A system like that in Europe is much more humane and sustainable for the average worker bee. Capitalism at it's root is all about more and more and more and more and more for the haves and screw anything that gets in the way of that like environmental and labor laws.

kristopher

(29,798 posts)
85. Have you considered it's the political apparatus and not the economic apparatus that's to blame?
Thu Mar 6, 2014, 04:53 PM
Mar 2014

I don't think people will be empowered until we have mandatory universal voting in a properly structured parliamentary system.
If you do that, the human values that are being ignored will instead be honored, implemented and enforced.

Fumesucker

(45,851 posts)
223. In the future everything not prohibited will be mandatory
Thu Mar 6, 2014, 08:16 PM
Mar 2014

Mandatory private insurance, mandatory voting..

Abstaining from voting in a corrupt system can be seen as a form of protest.

kristopher

(29,798 posts)
225. Mandatory voting is the best tool for ensuring a democracy that functions.
Thu Mar 6, 2014, 08:24 PM
Mar 2014

Or haven't you noticed that most efforts to inhibit democracy try to limit participation?

Fumesucker

(45,851 posts)
235. I don't think it would make much if any difference in our propaganda drenched society
Thu Mar 6, 2014, 08:49 PM
Mar 2014

I'm all for efforts to make voting easier but I think the idea of punishing a person for not participating in something they believe to be corrupt is odious.

kristopher

(29,798 posts)
237. That is, by FAR, the lesser of two evils.
Thu Mar 6, 2014, 08:54 PM
Mar 2014

If you'd rather make a protest by paying a small fine - great, have at it. I want the default setting to be : GO VOTE.

Fumesucker

(45,851 posts)
238. How do you know it will be "a small fine"?
Thu Mar 6, 2014, 08:59 PM
Mar 2014

Or even if it starts small how it will stay small?

Small fines in our system end up growing into prison terms somehow.

That's how the USA became the most incarceration prone society on the planet.

kristopher

(29,798 posts)
239. I'm sorry...
Thu Mar 6, 2014, 09:03 PM
Mar 2014

This is entering the realm of the absurd. If you don't like the idea, I can live with that. If you want to argue pointlessly, I'm not in.

Fumesucker

(45,851 posts)
241. You made a statement and now don't want to back it up?
Thu Mar 6, 2014, 09:12 PM
Mar 2014

Do you dispute that the US has the highest incarceration rate of any society?

Why would that propensity not inform a voting mandate?

kristopher

(29,798 posts)
242. No, I don't want to back it up.
Thu Mar 6, 2014, 09:14 PM
Mar 2014

The proposition is completely self evident. Your criticisms are ... not.

Laelth

(32,017 posts)
29. OK, but what alternative do we propose?
Thu Mar 6, 2014, 03:58 PM
Mar 2014

Socialism (a 19th century creation) has proven to be a failure at creating wealth and distributing it equitably amongst the populace. FDR was a liberal, i.e. a capitalist who wanted to insure that our society's wealth is equitably shared. Same goes for Truman and LBJ. Liberals are capitalists. That's the essence of my argument, and I think we look stupid when we attack capitalism, especially when we propose nothing as an alternative.

Certainly, capitalism as practiced by Republicans (who'd like to take us back to the Gilded Age) sux. Agreed. But liberal capitalism works quite well. In fact, it was liberal capitalism that made the United States the wealthiest nation on Earth. A return to liberalism (sane, just, and equitable capitalism) is what I seek. That's why I call myself a liberal.

-Laelth

loudsue

(14,087 posts)
43. We ARE proposing something as an alternative. Where have you been?
Thu Mar 6, 2014, 04:09 PM
Mar 2014

Everyone on this board, except for a very few, think capitalism would work splendidly, if we threw in some very strong regulations, and ENFORCED those regulations, and sprinkled it with a heavy dose of populist sharing (i.e., socialism).

You're trying to make it either/or. There has NEVER been a perfect economic system developed for a working world. Capitalism, HEAVILY REGULATED, and socialist/populist life-lines -- health care, housing, education, food (!) -- enough to live without fright, THAT is fine. But in today's America....that is NOT "capitalism". "Capitalism" devolves into oligarchy and corporatism.

Capitalism is brutal for millions upon millions of hungry and desperate and scared and unhealthy people. You have to see that.

Laelth

(32,017 posts)
81. Indeed. I agree with all that you propose.
Thu Mar 6, 2014, 04:49 PM
Mar 2014

But, I think you mis-understand the purpose of my post. I think it makes us look dumb, stupid, and naive to attack capitalism itself (as a thread I saw earlier today did). We are capitalists. We just want a just, humane, and sane capitalism that distributes the nation's wealth more fairly. In my mind, that's what it means to be a liberal.

It appears our disagreement is semantic, and it is, in part, but I think we lose ground when we attack capitalism. It's too easy to marginalize what we have to say when we attack capitalism. Well-regulated capitalism made the United States the wealthiest and most powerful nation on Earth. No wonder people roll their eyes when those of us on the left attack capitalism.

I would add that the United States is and always has been an oligarchy. We had better learn to live with that. At the same time, I will continue to fight to make ours a liberal oligarchy that takes good care of its people.

More here: http://laelth.blogspot.com/2011/01/turning-american-ship-of-state.html

-Laelth

PATRICK

(12,227 posts)
278. I thought the original post might have been satire
Fri Mar 7, 2014, 06:32 AM
Mar 2014

This is exactly the status quo dogma we heard before during the McCarthy erawhen anything socialist was smeared comfortably with the anti-Commie paint. Since this awesome statement stretches back over decades I tripped over the eighties when liberals became miffed when the tar rolled over them just as successfully. So maybe the post means we want some pre-Reagan renaissance of the way the party was before it folded its tent with many of the oligarchs living resentfully(and temporarily) under its regulatory auspices.

Oligarchs, like God, or rather Mammon, the Molloch god of some Americans are forever. Who knew these fellow apes were more untouchable than the divine, so necessary to submit to, so worthy of the term "necessary evil" that better had better adopt their virtues around them accordingly?

Now only the real nice nice super rich back the party. That handful should even been easier to list. But a liberal oligarchy? Liberals have been proudly and uselessly resisting the tar for decades. Most surviving Dem officials have been even more bent out of whack than ever in the flight from socialism, which arguably was still a matter of self-limitation in the FDR era. To accommodate both capitalism and the corporate rich, even the cabal that tried to overthrow FDR. It is hard to achieve such a sanguine philosophical attitude toward a black and white battle where a modest defense of moderate liberalism means worse than nothing in the face of both global catastrophes and those who continually profit from that- and the death of capitalism one way or the other.

In any event, all of the dogma are mere 1950-s talking points reduced to the pablum that we got in grade school. The war for words has been utterly lost now that the Corporate Pravda terms have degraded in reality to absurdities. No wonder more young people are actively seeking out Socialist
speakers than are rushing with wild enthusiasm to the new realistic, meek and sensible and still spit upon(by all sides) liberals.

delrem

(9,688 posts)
173. Capitalism would work splendidly if only if weren't what it is.
Thu Mar 6, 2014, 06:49 PM
Mar 2014

"If only"....
But capitalism is a system where those who have capital (essentially: material wealth in $ form) use it to buy ownership of the planet's natural resources, to buy the means of production and distribution, in order to further the acquisition of even more capital. In the process capitalism must utilize labor, at the *least* cost possible so as to guarantee the greatest profit possible.

As such it's hardly a system that a *country* should identify itself with! Insofar as capitalism is allowed to operate in a country, this ought to be very restricted, just as any other private ventures.

Several factors usually thought essential to a viable socially-responsible state, or country ("socialist" country) are: state ownership of all natural resources; universal health/medical/pharmaceutical care; state guarantees of universal education; guarantee of a minimum standard of living; guarantees of freedom of association (in particular, guarantees of a right to form worker unions). None of these factors contradict limited and regulated capitalist enterprise.

Seems to me that Capitalism with a large 'C' is split amongst two dominant kinds: state capitalism a la China's model, and international corporate capitalism as promoted (far too often militarily) by the USA. Both are extremely blunt instruments - and sensible folk ought to beware of both.

Fantastic Anarchist

(7,309 posts)
84. Socialism hasn't actually been tried.
Thu Mar 6, 2014, 04:52 PM
Mar 2014

If you're referring to the state capitalists USSR and China, well, they had a class and state (just switched classes with the old order), and Labor did not control or manage the means of production, nor have control or manage the fruits of their labor. This was done by the state bureaucratic class.

No, socialism hasn't been implemented in either place, nor anywhere else for that matter. And by the way, socialism wasn't a 19th century creation. You can here the calls of social revolutions even prior to the Enrages of the French Revolution. Even prior when looking at the Levellers and the Diggers in the 1600s. Socialism has been a human condition since the time of our ancient ancestors, and in political form in conjunction with the rise of capitalism.

Such are our ideas as social revolutionaries, and we are therefore called anarchists. We do not protest this name, for we are indeed the enemies of any governmental power, since we know that such a power depraves those who wear its mantle equally with those who are forced to submit to it. Under its pernicious influence the former become ambitious and greedy despots, exploiters of society in favor of their personal or class interests, while the latter become slaves.

---

We have already expressed several times our deep aversion to the theory of Lassalle and Marx, which recommends to the workers, if not as a final ideal at least as the next immediate goal, the founding of a people’s state, which according to their interpretation will be nothing but “the proletariat elevated to the status of the governing class.”

---

Ultimately, from whatever point of view we look at this question, we come always to the same sad conclusion, the rule of the great masses of the people by a privileged minority. The Marxists say that this minority will consist of workers. Yes, possibly of former workers, who, as soon as they become the rulers of the representatives of the people, will cease to be workers and will look down at the plain working masses from the governing heights of the State; they will no longer represent the people, but only themselves and their claims to rulership over the people. Those who doubt this know very little about human nature.

---

There is a flagrant contradiction in this theory. If their state would be really of the people, why eliminate it? And if the State is needed to emancipate the workers, then the workers are not yet free, so why call it a People’s State? By our polemic against them we have brought them to the realization that freedom or anarchism, which means a free organization of the working masses from the bottom up, is the final objective of social development, and that every state, not excepting their People’s State, is a yoke, on the one hand giving rise to despotism and on the other to slavery. They say that such a yoke – dictatorship is a transitional step towards achieving full freedom for the people: anarchism or freedom is the aim, while state and dictatorship is the means, and so, in order to free the masses of people, they have first to be enslaved!

---

Upon this contradiction our polemic has come to a halt. They insist that only dictatorship (of course their own) can create freedom for the people. We reply that all dictatorship has no objective other than self-perpetuation, and that slavery is all it can generate and instill in the people who suffer it. Freedom can be created only by freedom, by a total rebellion of the people, and by a voluntary organization of the people from the bottom up.


~ Mikail Bakunin's State and Anarchy (written in 1873) which was remarkably prescient of the dangers of a Bolshevik style revolution (which proved Bakunin right).

Statism and Anarchy at Marxist.org

Laelth

(32,017 posts)
114. I have read Bakunin, and I have heard that argument many times.
Thu Mar 6, 2014, 05:15 PM
Mar 2014

That said, I don't find it persuasive, and here's why. The Republicans keep telling us that "the free market," as they define it, hasn't really been tried. Do you want to risk trying it? No. That way lies madness. The truth is that socialism has been tried, and it failed to produce a just distribution of wealth. I would also argue that "free-market capitalism" has been tried (during the Gilded Age in the United States, and during the mid-19th century in the U.K--i.e. the horrors of the most gut-wrenching Dickens novel), and it also failed to create a just distribution of wealth. Liberal capitalism (i.e. FDR, Truman, and LBJ) has also been tried, and it made the United States the wealthiest and most powerful nation on Earth.

As such, I argue, capitalism is not the problem. Laissez-faire capitalism is a major problem, however, and a heavy dose of liberalism is required in order to produce a more just, sane, and equitable society.

Thanks for the response.

-Laelth

NancyDL

(140 posts)
130. What Republicans seem to forget...
Thu Mar 6, 2014, 05:39 PM
Mar 2014

... is that a free market does not and will not exist until protective mechanism for big industries are removed from our system of laws.

sibelian

(7,804 posts)
3. Well, that's your head WELL above the parapet.
Thu Mar 6, 2014, 03:41 PM
Mar 2014

I think there's a clear point there that's about to get smushed in the ensuing melee.

I'm gonna need a silo's worth of for this one...

Laelth

(32,017 posts)
13. I can withstand the barrage.
Thu Mar 6, 2014, 03:45 PM
Mar 2014

I am quite serious about this. We live in a capitalist society. It is stupid, and outright dangerous, for those of us on the left to attack capitalism. It's certainly better than any system yet devised. Socialism stinks (as it has so-far been practiced on Earth). Here, I note, the alleged Socialist parties in Western Europe are really just liberal. None of them supports state ownership of all property (i.e. Soviet real socialism).

We need to work within the system we have, and capitalism is it. With some liberal controls, capitalism works very well, and I am quite prepared to defend that position. It makes us look really stupid to attack capitalism as a system, especially when we have no alternative to offer.

-Laelth

 

oldhippie

(3,249 posts)
24. The alternative is to take from the rich, and give to the poor ....
Thu Mar 6, 2014, 03:53 PM
Mar 2014

whether it is done by force (Robin Hood), or via the force of govt (taxation), matters not. It is the result that counts. Equality.

Laelth

(32,017 posts)
35. That's the definition of liberalism.
Thu Mar 6, 2014, 04:00 PM
Mar 2014

And that's still capitalism. Until you advocate for state ownership of all property (i.e. Socialism), you're a liberal. And so am I.

-Laelth

loudsue

(14,087 posts)
32. See? You're trashing socialism. It's not black & white. That is why people need to re-think
Thu Mar 6, 2014, 03:58 PM
Mar 2014

it all. That is how the people get educated about issues. You just can't say "capitalism is good", and that is how everyone needs to march lock-step. It isn't good. It's dangerous. It needs to have elements of socialism, and BALANCE, and it has to be highly regulated. HIGHLY regulated. Or it doesn't work at all. In which case, No. It is NOT a "better system that any"... It is the death knell of society.

"liberal controls"...now THAT is going to be a phrase for the greeting card industry.

Laelth

(32,017 posts)
45. I am trashing socialism, yes.
Thu Mar 6, 2014, 04:11 PM
Mar 2014

But socialism doesn't need me to trash it. History has already done that.

Keep in mind that socialism means state ownership of all property. Liberalism, on the other hand, is capitalism with strict government controls to insure that society's wealth is equitably distributed. Ultimately, most of the people I know who call themselves socialist are really liberals, but the point I am making here is that capitalism is not inherently evil. Absent government control it's downright barbaric, but with government controls (of the kind enacted by FDR, Truman, and LBJ) liberal capitalism works better than any system yet devised to improve the living standards and wealth of the people.

-Laelth

loudsue

(14,087 posts)
51. I agree with that 100%. So...capitalism doesn't need you to speak up for it...
Thu Mar 6, 2014, 04:18 PM
Mar 2014

"Regulated capitalism with socialist safeguards" might be the way to take up for all the people.

Hey! I love government. I love labor unions. I love business. But when anything gets too entrenched, it goes to the bad. Capitalism in this country has gone to the bad.

So...I think we're in total agreement. I just don't think making a blanket statement that "capitalism is good" gets you where you want to go, in the world we live in today.

Laelth

(32,017 posts)
60. Capitalism in this country HAS gone bad.
Thu Mar 6, 2014, 04:29 PM
Mar 2014

Last edited Thu Mar 6, 2014, 07:59 PM - Edit history (1)

Laissez-faire capitalism is downright barbaric. Capitalism with government controls to insure a more just distribution of the nation's wealth, on the other hand, has proven to work quite well, and I point to FDR, Truman, and LBJ as support for that assertion. Liberal capitalism made the United States the richest and most powerful nation on Earth. Had it not been for Reagan and thirty+ years of drift back towards the laissez-faire capitalism of the Gilded Age, we wouldn't even be having this discussion.

Thanks for the response.

-Laelth

sibelian

(7,804 posts)
52. No it DOESN'T mean state ownership of all property, that's COMMUNISM.
Thu Mar 6, 2014, 04:18 PM
Mar 2014

Socialism just means state ownership of PROPERTY.

SOME OF IT.

The BBC is state funded. It's a corporation modeled on socialist ideals.

Socialism is as much a philosophy as it is a political system. Socialist is an adjective as well as a noun!

Saying socialism inescapably entails state ownership of all property is like saying "Space travel is a mode of transport pioneered by NASA's space shuttle"!

Laelth

(32,017 posts)
64. The U.K. is a capitalist society.
Thu Mar 6, 2014, 04:34 PM
Mar 2014

In fact, it was the U.K. that taught us capitalism. There's a semantic argument that we could have here, but I will decline, as I see that as pointless.

The point I am making here is that it makes us look really dumb to attack capitalism. We are capitalists (to the extent that we are members of a capitalist society), and history has shown that socialism (as it has so far been practiced on Earth) has failed in its goal of producing wealth and insuring its equitable distribution.

From a purely rhetorical perspective, I think we're better off embracing capitalism but then insisting on its strict regulation with the goal of creating a more just distribution of our national wealth. That, in my mind, is what it means to be a liberal.



-Laelth

sibelian

(7,804 posts)
71. Yes, OK fair enough, the beef isn't worth chewing.
Thu Mar 6, 2014, 04:38 PM
Mar 2014

It is semantics ( "RRRRRAAAAAAAAAAARGH SEMANTICS MATTERS" ) - shut up sibelian's internal political geek.

The point I am making here is that it makes us look really dumb to attack capitalism. We are capitalists (to the extent that we are members of a capitalist society), and history has shown that socialism (as it has so far been practiced on Earth) has failed in its goal of producing wealth and insuring its equitable distribution.

From a purely rhetorical perspective, I think we're better off embracing capitalism but then insisting on its strict regulation with the goal of creating a more just distribution of our national wealth. That, in my mind, is what it means to be a liberal.


OUI D'accord!

Vive le cash registers! They are in fact good things.

tea and oranges

(396 posts)
180. Huh?
Thu Mar 6, 2014, 06:52 PM
Mar 2014

I fail to understand exactly how it makes one look dumb to "attack" (certainly you mean criticize) capitalism.

Yes, we live under capitalism, a particularly virulent form of it at that.

Ergo we're dumb to critique it?

Please explain explicitly so this stupid-ass looking crazy woman who hates capitalism can get it!

Laelth

(32,017 posts)
220. Perhaps I erred in my wording.
Thu Mar 6, 2014, 08:06 PM
Mar 2014

By all means, the economic system we have at the moment is not fair, nor is it just, nor is it healthy for our nation. By all means, critique the injustice you see. Personally, I feel ethically compelled to speak out against injustice when I see it. I am not advising silence and acquiescence. Rather, I'm suggesting that capitalism, itself, is not the problem. Unregulated, laissez-faire capitalism is the problem, and that's the direction in which the Republicans are pushing our country. Regulated FDR and LBJ capitalism, on the other hand, made us the richest and most powerful nation on Earth. Capitalism, therefore, isn't bad unless it's unregulated (i.e. Somalia). It's unregulated capitalism foisted upon us by Republicans and a few complicit Democrats that is pushing us all back to the misery of the Gilded Age.

-Laelth

tea and oranges

(396 posts)
243. Sigh!
Thu Mar 6, 2014, 09:21 PM
Mar 2014

If only capitalism didn't produce capitalists, you know, those folks who control the means of production, the ones who always push for fewer regs, taxes, worker protections, more pollution.

I'd like to see a subsistence society(one that isn't based on profit) that didn't have boom & bust cycles. The bust cycles require the mass expulsion of workers, the booms are usually bubbles that burst creating the busts. Having lived through many of the above, allow me to say they ain't fun.

People must give up so much to have a job - their children to daycare, time to dream, be creative, listen to music, gardening, friendship. Why? To make capitalists wealthier.

Sorry Laelth, even a living wage doesn't make up for what we as a species lose to the great god of profit.

socialist_n_TN

(11,481 posts)
245. "If only capitalism didn't produce capitalists..."....
Thu Mar 6, 2014, 09:32 PM
Mar 2014

Ain't that IT in a nutshell? What's more BECAUSE they control the means of production they have the ability and the power, i.e., wealth TO MAKE CAPITALISM WHAT THEY WANT IT TO BE! And what we see IS what they want it to be.

Laelth

(32,017 posts)
256. I don't know.
Thu Mar 6, 2014, 11:52 PM
Mar 2014

It seems to me that French and Australian liberalism work pretty well for the people of those countries. What you propose has never been done, to my knowledge. Without a reasonable path to get there, which I don't see, I feel compelled to make the best of the capitalism we have, for better or for worse.

-Laelth

tea and oranges

(396 posts)
259. Have You Not Noticed the Gov't of Australia's Gone Right Wing?
Fri Mar 7, 2014, 12:35 AM
Mar 2014

Plus, the French are having a wee bit of trouble along the same lines.

What I proposed - a subsistence economy - wasn't what I would call "tried" - it was a way of life for people before the advent of city-states.

What would "making the best of the capitalism we have" look like? What does that mean? Finding the invisible hand, putting a stake through it, & burying it? Your plan doesn't seem any more realistic, frankly, than mine.

Notafraidtoo

(402 posts)
277. Its not right wing as we know it.
Fri Mar 7, 2014, 03:45 AM
Mar 2014

Sure on social issues they may look like moderate republicans in our country but on economic issues they make American democrats look like republicans on almost all but energy policy. Conservatives in Australia are Democratic Socialist light same with France.

tea and oranges

(396 posts)
284. As in the economic decision to go full speed ahead
Fri Mar 7, 2014, 12:55 PM
Mar 2014

w/ new coal mines & export stations, never mind the drought, fires, record heat, etc?

Hmmm, who does that policy aid & abet? Maybe the oligarchs? Just guessing here.

Fairgo

(1,571 posts)
307. Australian Liberalism?
Fri Mar 7, 2014, 05:43 PM
Mar 2014

Probably best not to use those terms to try and make your point. The liberal party is not who you think they are.

 

nadinbrzezinski

(154,021 posts)
109. So you telling me that the Norther European SOCIAL DEMOCRACIES
Thu Mar 6, 2014, 05:12 PM
Mar 2014

a form of socialism, are no longer Social Democracies? FYI the US under FDR was well on it's way to becoming a social democracy. IMHO it would have been best if that project was not derailed by the usual suspects in the name of CAPITALISM. The usual suspects are people like the Koch brothers. They like this fully unregulated system very much.

What you described in your OP is a form of socialism. That is all kinds of funny. We call it Social Democracy.

Laelth

(32,017 posts)
132. They can call themselves socialist all they want.
Thu Mar 6, 2014, 05:42 PM
Mar 2014

They're still just liberal. And there's nothing wrong with that. In fact, it's good that they're liberal. They have capitalist societies that are tightly controlled and that insure a more just distribution of their national wealth. What's wrong with that?

Nothing, but that's not socialism. Socialism, as defined by Engles and Marx, i.e. the people who created the word, means state ownership of all property. That system has been tried, and it failed to create either great wealth or just distribution of that wealth. Liberalism is, by far, a better system, and that's why I call myself a liberal. I want controlled capitalism that insures a more fair distribution of society's wealth. Ultimately, I doubt you disagree with me on that.

-Laelth

 

nadinbrzezinski

(154,021 posts)
134. But they ARE social democracies
Thu Mar 6, 2014, 05:49 PM
Mar 2014

by definition, and it is a form of socialism.

And the only thing I disagree with you is putting down a system that you are defining. Social democracies take both the good aspects of capitalism, private ownership of factories for example, and the good aspects of socialism, such as public ownership of roads, utilities, schools, ergo the commons. It goes much deeper than that, but this is a good start.

What you want is social democracy. This is exactly where we were going towards with FDR, and even Ike, and what a certain group of usual suspects organized to unravel. They have been so successful that people cannot see what they want for what they want. The red baiting has been extremely successful in the US.

That is all I am saying. It is ironic that while you bash a philosophy you do not understand, you are calling for a form of it. For the record, what Adam Smith proposed was not capitalism, if you ever bother to read the Wealth of Nations, but a form of social democracy. It included silly shit like living wages, which European Social Democracies have, for the most part, implemented. In my view they are closer to what Smith (and yes even Marx, they are the two bookends of classical liberalism) wrote about.

Laelth

(32,017 posts)
228. Here's what Truman had to say about this distinction.
Thu Mar 6, 2014, 08:30 PM
Mar 2014

American Democrats (FDR, Truman, LBJ) are liberals and capitalists, not socialists.

All of you, I am sure, have heard many cries about Government interference with business and about "creeping socialism." I should like to remind the gentlemen who make these complaints that if events had been allowed to continue as they were going prior to March 4, 1933, most of them would have no businesses left for the Government or for anyone else to interfere with — and almost surely we would have socialism in this country, real socialism.

- Harry Truman in Detroit (14 May 1950), as recorded in Good Old Harry.

http://en.wikiquote.org/wiki/Harry_S._Truman


-Laelth
 

nadinbrzezinski

(154,021 posts)
230. Need I remind you that was the height of the COLD WAR
Thu Mar 6, 2014, 08:34 PM
Mar 2014

and we had a certain Senator who was in the middle of a red scare and we had a Committee for un-American Activities? (HUAC)

No, what we were moving towards was social democracy. And we are starting, per some experts, to move towards it AGAIN

http://www.foreignaffairs.com/articles/140345/lane-kenworthy/americas-social-democratic-future

And trust me, Foreign Affairs, is not the cute and cuddly red magazine.

blackspade

(10,056 posts)
249. You are conflating so many terms it is making my head hurt.
Thu Mar 6, 2014, 10:23 PM
Mar 2014

Liberalism is a social philosophy not an economic system.
Now you can apply liberal social values to economics, in this case capitalism, and what you get is socialism, regulation and redistribution of wealth for the benefit of society as a whole.

You keep conflating socialism; regulated capitalism, with historic communism; state owned capitalism.

What Marx and Engels were advocating was worker directed and owned capitalism. In other words democracy in the workplace. That has not been tried on a national scale.

Laelth

(32,017 posts)
255. Thank you for this clarification.
Thu Mar 6, 2014, 11:49 PM
Mar 2014

Not that it's irrelevant, just that it's not entirely relevant. The question to which this thread is address is whether capitalism is or should be a dirty word. What say you to that?



-Laelth

blackspade

(10,056 posts)
261. I say yes, Capitalism is a dirty word.
Fri Mar 7, 2014, 12:48 AM
Mar 2014

It is the root of most of the worlds economic problems and inequity.
It is an exploitative system that favors the strong over the weak, the rich over the poor.
As you have noted it is the product of the Victorian era and is steeped in social Darwinist ideas that permeated most facets of late 19th century American and British bourgeois ideology.
It is time to move beyond capitalism to a worker democracy.
It would have to start as a mixed socialist economy but the end goal should be to leave capitalism behind, just like feudalism and slave economies.

Laelth

(32,017 posts)
287. In fact, I don't disagree with you ... about the word.
Fri Mar 7, 2014, 03:11 PM
Mar 2014

As much as I might like those of us on the left to look sane and reasonable and not attack the very system that has made us the richest and most powerful nation on Earth--yes, as dumb as I think it is to attack capitalism, if I'm honest, I have to note that capitalism is already a dirty word. Try it. Just call your boss, or some rich person, a "capitalist" and watch their reactions. They'll be offended, and that's because capitalism is already a dirty word, despite the fact that we live in a capitalist society. LOL. Marx had tremendous influence, even if most people now say they don't agree with him for X, Y, and Z reasons.

Thanks for the response.

-Laelth

OilemFirchen

(7,143 posts)
133. Not criticisizing you, but...
Thu Mar 6, 2014, 05:47 PM
Mar 2014

you're mixing economic theory with political theory. Liberalism, while it may call for a more equitable financial system, is not a form of capitalism. What you're describing, I think, is Welfare Capitalism as is practiced in Nordic countries. It's what liberals should (and generally do) aim for.

laundry_queen

(8,646 posts)
148. What we call it in my econ and int'l business courses
Thu Mar 6, 2014, 06:09 PM
Mar 2014

is a mixed economy - (capitalism and socialism mixed). The political system in that part of the world is often a social democracy (according to my poli sci electives). You are right - 2 different things.

sibelian

(7,804 posts)
34. I think your definition of socialism might be a LITTLE strict, there...
Thu Mar 6, 2014, 04:00 PM
Mar 2014

Some governments have managed to make SOME profits, you know...

... but I see where you're coming from. I suspect the values you support are probably also mine.

I think there may be opportunities to make more common ownership of some means of production more viable now that we have the internet, microfinance and things like that. A lot of the problems with socialism and communism as they have been practised come down to lack of economic flexibility.

Having said that, I also feel that some means of production must necessarily remain capitalistic, as one cannot in fact remove money, as it is really no more than the physical crystallisation of an inherent human concept i.e. value. The value of work isn't something that you can successfully argue with people about. The attribution of value is in general a primarily emotional process, and there isn't any way of making it NOT that.

To me the main problem lies in establishing what we are all happy to agree are shared human experiences for which we are all responsible and have the right to benefit from, and should be run by elected representatives (important point) and which productive process should always remain private.

Laelth

(32,017 posts)
47. I think a lot of people throw around the word "socialism" without knowing what it means.
Thu Mar 6, 2014, 04:13 PM
Mar 2014

To the extent that what they really mean is "liberalism" (like the Socialist Party in France, for example), well then sure, I support socialism (so long as we're really talking about liberalism). Nobody I know is, at this point, arguing for state ownership of all property, and that's the definition of socialism.

Otherwise, I agree with nearly everything you posted. Thanks for the response.

-Laelth

sibelian

(7,804 posts)
68. ...
Thu Mar 6, 2014, 04:35 PM
Mar 2014

I was about to post another mini-rant about the definition of socialism but I'm not going to. What you call "liberalism" is clearly what I call "socialism".

lark

(23,003 posts)
110. You are talking about communism, not socialism.
Thu Mar 6, 2014, 05:13 PM
Mar 2014

The Soviet is not real socialism. Liberal socialism, like in Europe, is a much better system than cut throat capitalism, which is where it will always end. Where Europe goes bad is when the capitalist try to undo the socialist laws because they aren't in their favor.

Laelth

(32,017 posts)
117. Liberal socialism (like they have in some European countries) is just liberalsim.
Thu Mar 6, 2014, 05:21 PM
Mar 2014

But that's beside the point. My point is that capitalism is not inherently bad. Unregulated capitalism is very bad, agreed, but regulated capitalism that seeks to insure the well-being of all the citizens of a nation works very well, as shown by the long-lasting and beneficial effects of the policies of FDR, Truman, and LBJ.

I think it makes us look stupid and naive to attack capitalism. As a liberal, I embrace capitalism. I just want it to be highly regulated in order to insure that its benefits are more fairly distributed across all segments of our society.

-Laelth

ReRe

(10,597 posts)
150. Hi Laelth...
Thu Mar 6, 2014, 06:13 PM
Mar 2014

Capitalism would be great if it was regulated and operated the way it should be. But it's not and it isn't.

If we define "Socialism" like the right does, in the strictest sense, then no, we don't want that kind of socialism. That "ism" is as bad as capital"ism". It's an ism. That kind of social"ism" is an economic system, just like capital"ism" is an economic system.

Bernie Sanders doesn't hate Capitalism, but he calls himself a socialist. A socialist, in that he wants to hold capitalism to account for it's wrongdoing, for it's avarice and greed. I call him a Social Democrat. I think that's what I am, though I vote Democratic ticket.

I think the "isms" is what we get all in a twist about. Capitalism is all we know. But I certainly am not going to defend it, as it is not good for all. It's broke. Look at this country. If capitalism was so good, why do we go through these severe downturns so often? And it looks like this one is transforming all jobs into "cheap labor." Unless the cost of living comes down with the wages, we can't raise families in this way. More and more, Capitalism is turning us into a third world nation. I can't blithely go along with it.

Laelth

(32,017 posts)
288. The right calls everyone to the left of Hitler a socialist.
Fri Mar 7, 2014, 03:31 PM
Mar 2014

I don't like their definition, and I refuse to use it in the sense they mean it. Here's how Truman distinguished between the two:

All of you, I am sure, have heard many cries about Government interference with business and about "creeping socialism." I should like to remind the gentlemen who make these complaints that if events had been allowed to continue as they were going prior to March 4, 1933, most of them would have no businesses left for the Government or for anyone else to interfere with — and almost surely we would have socialism in this country, real socialism.

- Harry Truman in Detroit (14 May 1950), as recorded in Good Old Harry.

http://en.wikiquote.org/wiki/Harry_S._Truman


If Truman is right, then FDR liberalism is not socialism. In fact, Truman suggests in this passage that it was FDR liberalism that prevented socialism from coming to the United States.

As for Senator Sanders, I know that he calls himself a socialist (adopting the right's frame), but I think he's a liberal. I have never seen him argue for state ownership of all property, nor have I seen him argue for complete worker control over the means of production. His words and actions strike me as those of a solid FDR, Truman, LBJ liberal.



-Laelth

Laelth

(32,017 posts)
222. In part, yes.
Thu Mar 6, 2014, 08:13 PM
Mar 2014

A thread appeared on DU earlier today suggesting that we should "make capitalism a dirty word." This thread is a response to that one. Personally, I think it makes us look stupid and naive to act as if capitalism were a dirty word (and that's because most of us are capitalists--whether we like the word or not). Liberalism, I and others have argued, is a political philosophy that seeks to protect capitalism from its own excesses (and prevent a bloody revolution). If that's the case, liberals are capitalists, or, at the very least, defenders of the capitalist system, and why shouldn't we be? FDR and LBJ liberalism made us the wealthiest and most powerful nation on Earth, and, prior to the Reagan revolution, the nation with the highest standard of living on Earth. If that's liberal capitalism at work, I'll take it.

-Laelth

 

LanternWaste

(37,748 posts)
120. Is that in the context of ethics or in the context of efficiency?
Thu Mar 6, 2014, 05:25 PM
Mar 2014

" It's certainly better than any system yet devised..."
Is that in the context of ethics or in the context of efficiency?


"especially when we have no alternative to offer..."
I think there are many alternatives. Four provided in this thread alone. That you yourself may reject them does not in fact, deny their existence. And that one may fail in one region due to variances of geopolitics, cultures, and historical forces does not directly imply that it would fail under other circumstances. To think as such is the logical fallacy called post-hoc-ergo-prompter-hoc.


But, like religion, I offer little in conversations dealing with wholly imaginary constructs which we allow to control and dictate our lives, our decisions, our families and our futures-- pretending to ourselves that one imaginary construct is "better" than another, and calling others stupid because they may or may not like your imaginary preference...

Laelth

(32,017 posts)
138. I admit that I am not terribly interested in efficiency.
Thu Mar 6, 2014, 05:53 PM
Mar 2014

I am, for better or for worse, and ethically-driven creature. That said, the "alternatives" you note in this thread all sound like liberalism to me. None of them proposes to do away with capitalism. None of them proposes state ownership of all property (socialism). None of them proposes all property owned by a noble class (feudalism). They're nothing new (these proposals). They're all liberalism (i.e. highly regulated capitalism that seeks to insure that a society's wealth is justly distributed to all members of said society).

No, my point in this thread is that we look stupid and naive when we attack capitalism, itself. Most people I know who call themselves socialists, for example, are really liberals. They don't want state ownership of all property and state control of every aspect of a person's life, i.e. socialism. Rather, what most alleged "socialists" want is liberalism, i.e. highly-regulated capitalism.

I suspect you are one of those people. Cheers!



-Laelth

 

cali

(114,904 posts)
5. thanks, Laelth
Thu Mar 6, 2014, 03:42 PM
Mar 2014

I prefer a mixed socialist/capitalist system, but I appreciate that it takes guts to post this and that it's thoughtfully stated.

sibelian

(7,804 posts)
9. This rests on your notions of "just".
Thu Mar 6, 2014, 03:44 PM
Mar 2014

For any system of shared human values, this term needs to be carefully agreed on.

Which is probably the main problem.

MNBrewer

(8,462 posts)
16. I would agree, and that lack of critical examination has gotten us to this paradise, called
Thu Mar 6, 2014, 03:45 PM
Mar 2014

a Capitalistic Free-Market Utopia....

Laelth

(32,017 posts)
54. Perhaps capitalism is unjust.
Thu Mar 6, 2014, 04:22 PM
Mar 2014

I don't mean to be trite, but I recall a maternal figure in my life reminding me that "life isn't fair." That said, there can be no doubt that liberalism creates greater economic justice than what one would find in an unregulated capitalist society (i.e. Somalia). If we have to have a capitalist system (and we do--there is simply no viable alternative), then why not have a liberal capitalist society that works to insure a minimum of injustice by more equitably distributing the wealth that capitalism creates?



-Laelth

TampaAnimusVortex

(785 posts)
82. Capitalism can be two farmers trading an apple and an orange...
Thu Mar 6, 2014, 04:49 PM
Mar 2014

They can both benefit. I think what your attacking is corporatism.

cprise

(8,445 posts)
96. No, that is just trade
Thu Mar 6, 2014, 05:01 PM
Mar 2014

Capitalism is the amassing of wealth in the hands of the few so they can motivate the masses to work for them.

TorchTheWitch

(11,065 posts)
248. Someone needs to go back to school
Thu Mar 6, 2014, 10:12 PM
Mar 2014

Capitalism is an economic system that provides ownership of private trade. Those two farmers trading apples and oranges are engaging in capitalism... they both own their trade goods, control how those goods are made, the property where those goods are made, decide how much their goods are worth, and decide how much the labor of the people that helped to create those goods is worth.

It is the most flexible of all the economic systems we've so far had in the world as depending on the laws that control the capitalist economy it can be anywhere from extremely liberal to extremely conservative. Even bartering is nothing but a simplistic unregulated form of capitalism and is not immune from conservativism... what if one has nothing with which to barter? How can they live? What happens if the farmer's crops fail and he has no capital? Let's not forget that the word capitalism uses the root word "capital" meaning you need some kind of capital in order to participate whether that's your labor or your goods. I social capitalism is the most fair as through socialistic laws that regulate the capitalist economy and fair taxes from everyone's earnings the government can then help out those that are in need whether it was the farmer's crops failing or an individual's inability to earn any income.

Corporatism is just a new word for fascism - the marriage of business and government to benefit only themselves. Which like it or not is what we got. Without a socialistic change for the better it will only get worse, and there can be no socialistic change for the better without a change in how our politicians are elected and operate. Private money must be removed from that system in order to divorce the business/government marriage. The money always resides with who has the power whether that's the government, the government along with a small group of individually wealthy or the people as a whole. The people can only have the power to control the system when they come together to do what is necessary to remove the power from the few and put it into the hands of the people and where the people are truly educated and informed through a strong educational system coupled with a strong truly independent media.

Socialism is the ideal capitalistic economic system in which the government uses socialistic laws to regulate the capitalism to the benefit of everyone. It is the most fair as it equalizes everyone to the extent that no one is poor and starving and no one is obscenely wealthy while also affording the ability to rise higher economically through one's own talents, skills, intelligence and hard work.

EVERY other type of economic system has failed, and by their very constructs ensured that it they are unfair and produces a society where there is the few supremely wealthy whether private individuals and their minions or government officials and their minions while the largest percentage of people are poor or on the brink and with no real way to elevate themselves out of that state. And that's pretty much where we are... when something like 75% of the people are one paycheck away from disaster the system is already a failure and will not get better without the average people coming together with one mind to change the system to a more socialistic one that is the most beneficial particularly for the people. The R vs. D perpetual battle is a distraction purposely constructed by those in power in order to keep the people from coming together or overthrowing a system that works for THEM whether they're R's or D's.

cprise

(8,445 posts)
254. Sharecropping (a concentration of wealth) has been a major feature of capitalism.
Thu Mar 6, 2014, 11:16 PM
Mar 2014

All your definition of capitalism means is "something that is neither feudalism nor fascism".

TorchTheWitch

(11,065 posts)
272. I can see why you failed at this in school
Fri Mar 7, 2014, 01:40 AM
Mar 2014

or never learned it.

Sharecropping was a major component to feudalism where the lord - the owner of the lands - hired families to farm parcels of his land... a staple of English feudalism where England's economy was agriculturally based. Sharecropping didn't even last in the US as the system went from feudalistic to capitalistic. Sharecropping was only ever a major staple of any economic system where agriculture was far and away the economy's most prominent feature. With the advent of slave populations in the US in the southern colonies which was the only place in the US where agriculture was the largest feature of the economy sharecropping was done away with.

Sharecropping is a HISTORICAL economic feature which came from feudalism and could only survive as a staple of capitalism in those places where agriculture was the main staple of the economy. What on earth does sharecropping - only a very small part of capitalism and most prominent in feudalism - have to do with capitalism in general or how it applies in the world or this country once it died with the advent of slave labor and when only the southern colonies had agriculture as it's main economic staple? What the hell does sharecropping have to do with capitalism in the last couple of centuries?

Eeeee gad. This silliness isn't even worth responding to.


TampaAnimusVortex

(785 posts)
372. Exactly... Trade IS capitalism...
Sun Mar 9, 2014, 10:10 AM
Mar 2014
http://www.merriam-webster.com/dictionary/capitalism

Full Definition of CAPITALISM
: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

-------------------------------

Private ownership of capital goods and distribution determined by competition in a free market...

Two farmers trading fruit certainly qualifies as the most basic example of this.

They own the fruit and they are distributing the goods freely in a competitive manner, as they could have kept the fruit themselves instead of sharing it... or they could have traded it with other people for other things.

I'm not sure why this is so complicated...

Democracyinkind

(4,015 posts)
7. It works well for some. It has never worked well for all.
Thu Mar 6, 2014, 03:43 PM
Mar 2014

Granted, that is a very demanding criterion, but probably the essential problem.

Laelth

(32,017 posts)
56. Until we have a viable alternative, I see no option but to make the best of it.
Thu Mar 6, 2014, 04:24 PM
Mar 2014

And, I suggest, liberalism is the means by which we do exactly that--since liberalism seeks to more fairly and justly distribute the wealth created by a capitalist economy.



-Laelth

Laelth

(32,017 posts)
153. But what can those of us on the left offer that would be better?
Thu Mar 6, 2014, 06:14 PM
Mar 2014

And how could we eliminate and replace the capitalist system we have?

I agree that unregulated, laissez-faire capitalism sux, but liberalism (i.e. highly regulated capitalism of the kind advanced by FDR, Truman, and LBJ) made the United States the wealthiest and most powerful nation on Earth. Prior to the Reagan revolution, we also had the highest standard of living on Earth. That's liberal capitalism. What's wrong with that?

And don't we look really stupid and naive when we attack capitalism--the very system under which we live and have prospered (prior to Reagan, admittedly)?



-Laelth

handmade34

(22,755 posts)
194. "the system under which we...have prospered"
Thu Mar 6, 2014, 07:13 PM
Mar 2014

capitalism only created a prosperous corporate nation (and a few wealthy individuals) at the expense and exploitation of our vast natural resources and hard working labor force (including immigrants)...

average people only prospered once social policies were implemented

the game must change!

 

rug

(82,333 posts)
218. Its core value of reducing everything, including humans, to a commodity can be explicitly rejected.
Thu Mar 6, 2014, 08:03 PM
Mar 2014

As it stands now, when property rights are not paramount, human rights and human needs are, at best, given equal weight to property and corporate rights. Ideologically, property rights (the touchstone of the ant-tax, anti-spending, and anti-benefits blocs) should never take precedence.

That's a far cry from socialism but it's a good touchstone for a government in the meantime.

 

NoOneMan

(4,795 posts)
20. When exploiting the earth and the people to fashion unnecessary comforts to be...
Thu Mar 6, 2014, 03:49 PM
Mar 2014

divided disproportional to your chosen family of people, does it really matter what name you give to your hammer and sickle?

We're on a one way trip to hell and extinction. Driving there in a capitalistic or a communistic vehicle just an argument over how soon we should arrive and what percent of the population get the cash in before the shit house comes down.

loudsue

(14,087 posts)
36. See? That's just ignorant as hell. Like it is supposed to be some dogma that everyone can live by.
Thu Mar 6, 2014, 04:01 PM
Mar 2014

No. Communism doesn't work either, in its purest form. Nor does socialism. Nor capitalism. Quit trying to make it 100% ANYTHING. The world doesn't tolerate any kind of extremism, for people's lives to work properly and safely. Pure capitalism is extremism, pure and simple.

mike_c

(36,214 posts)
14. I disagree with your basic definition of socialism....
Thu Mar 6, 2014, 03:45 PM
Mar 2014
"Capitalism is certainly better than socialism--i.e. state ownership of all property."


Rather, socialism is worker ownership-- and control-- of the means of production. It is the exact opposite of "state ownership of all property," which is the essence of monarchy when the state is embodied by one person and of totalitarianism otherwise.

I'm a liberal who strongly disparages capitalism, especially unmanaged U.S. style capitalism. If that sort of capitalism is not a dirty word, then neither are greed and avarice, or exploitation, wage slavery, and oppression, because capitalism fosters all of them.

Laelth

(32,017 posts)
163. Unrestrained capitalism is evil, admittedly.
Thu Mar 6, 2014, 06:23 PM
Mar 2014

I won't argue with that. Marx and Engles, the people who coined the word, define socialism as state control of all property, but I'll accept your definition for the sake of discussion, here. My problem with "worker control of the means of production" is that we've never had that, and I don't know how to get there. Co-ops are cool. The few worker-owned companies we have are cool. But our system relies on capital, like it or not, and I can't really imagine how to get to a world where workers own all the means of production. I might be for it if I could see how it would work and how we could get there, but, as a liberal, I have no problem with a highly-regulated capitalism that works to insure that society's wealth is more justly distributed to all the people. That is what FDR, Truman, and LBJ gave us. They proved it could work. They created the wealthiest and most powerful nation on Earth through liberal capitalism, and I am reticent to second-guess them. Prior to the Reagan revolution, in fact, the U.S. had the highest standard of living of any nation on Earth. So, it's clear to me that liberalism works.

Worker ownership of all means of production, however, has never been tried, and there may be a good reason for that.

-Laelth

mike_c

(36,214 posts)
174. worker control of the means of production was the norm before the industrial revolution....
Thu Mar 6, 2014, 06:49 PM
Mar 2014

That's one reason that European feudalism was not such a bad deal for crafts-persons and trades-persons. Prior to the industrial revolution, cloth was made by weavers and felters who either owned or rented their looms, raised or bought their fiber, etc. Smiths owned their forges, hammers, and anvils. Papermakers their beaters and vats. Tailors their shops, and so on. Printers owned their presses, and cabinet makers their saws and planes.

The industrial revolution changed that because it displaced worker ownership of the means of production with workers who had no stake in production other than the sale of their time. Even their skills were ultimately less important than the hours of their lives, which capitalism drove down the worth of to the point of slavery and which became most worker's only absolute commodity. All of their labor goes to enrich the capitalist, who owns the means of production and therefore controls the outcome of their labor while skimming off all the profit from it for himself.

This was NOT the natural order of human society for most of human history, no matter how much it looks like it through the lens of modern life. Capitalism is, in fact, a relatively new means of exploiting and oppressing workers to steal the fruits of their labor.

Laelth

(32,017 posts)
289. I have no interest in going back to a medieval economy.
Fri Mar 7, 2014, 03:42 PM
Mar 2014

That sounds like utter misery to me. No, thank you.

In addition, I don't believe in any kind of utopian state. What we have now (advanced, post-modern capitalism) is quite natural, I would argue. If it weren't, we wouldn't be here.

Thanks for the response.

-Laelth

mike_c

(36,214 posts)
351. that's not at all what I said, but you're also demonstrating quite a bit of misunderstanding...
Fri Mar 7, 2014, 10:01 PM
Mar 2014

...about "medieval economy." You're probably thinking pre-industrial revolution life was all about papal wars, smallpox, and crushing the life out of serfs, right? Some parts were like that-- just as they are today. But the industrial revolution made most workers' lives far WORSE than they were previously, at least in the context of their work.

Laelth

(32,017 posts)
356. I have read Dickens.
Sat Mar 8, 2014, 07:31 AM
Mar 2014

I am aware that the industrial revolution created misery for many, many workers. I will note, however, that conditions weren't so hot on the farms, either. That's why people flocked to the cities and mines to get jobs. Still, I wouldn't want to go back to that economy or any one that we've witnessed in human history. I like the one we have now better (though I'd like to see more liberal controls on it to insure that our national wealth was more justly distributed).

Thanks for the response.

-Laelth

Laelth

(32,017 posts)
164. LOL. Thanks.
Thu Mar 6, 2014, 06:28 PM
Mar 2014

I should have known this post would create a shit-storm, but I couldn't fail to respond to a thread I saw earlier today suggesting that we should "make capitalism a dirty word." Since I see liberals as capitalists (but capitalists who insist upon some economic and social justice), I felt the need to speak out.

Admittedly, I may have erred.

-Laelth

 

NoOneMan

(4,795 posts)
86. Also known as "cocoon-capitalism"
Thu Mar 6, 2014, 04:55 PM
Mar 2014

But since the underlying mechanisms of capitalism route the wealth produced via production dis-proportionally to the few owners of the means of production (rather than the majority group that is the workers), it puts upward pressure upon disparity; a process that will always and forever result in the upper echelon having the capital and power to purchase and undermine the very government that regulates their activities. As disparity approaches infinity, ugly capitalism will emerge from the cocoon because the owners will throw off the shackles of regulation.

There is not "well-regulated" capitalsm. There is not "corrupt" capitalism. There is simply capitalism. It happens in stages. The throttling stage is as important to the owners (who prefer their prey time to fatten up) as the rape stage.

I'm so tired of people pointing to a tiny stage of a larger process and saying "lookie how wonderful it is". I'm sure a lot of people who shuffle off from shooting up heroin could recollect--if given a chance--a moment of pure euphoria. We aren't stupid enough now to forget the real world, objective manifestations of an economic system because it sometimes almost works for some people if everything is magically perfect and corruption is kept in place for a few years throughout a century of shit.

Laelth

(32,017 posts)
166. I got my definition from Marx and Engles, I think.
Thu Mar 6, 2014, 06:31 PM
Mar 2014

They're the ones who coined the word. Do you have a different definition to offer? If you do, I have this sneaking suspicion that it's going to sound like liberalism to me, unless, of course, you're talking about "worker ownership of the means of production," which has never been tried across an entire society and which I have no idea how to create.

If that's your definition, btw, I'd like to see a suggestion about how we could get there.

-Laelth

Laelth

(32,017 posts)
167. LOL. Admittedly, I have not met every person who self-identifies as a liberal.
Thu Mar 6, 2014, 06:33 PM
Mar 2014

That said, I'd love to critique your own, personal definition of a liberal. Spell it out for me, please.

-Laelth

FiveGoodMen

(20,018 posts)
168. I'm saying that you've chosen to define the word in your own terms
Thu Mar 6, 2014, 06:36 PM
Mar 2014

Words aren't much use unless they mean the same thing to all of us.

So: by what logic, or what authority, did you decide to equate 'liberal' with 'capitalist'?

Laelth

(32,017 posts)
257. Liberalism and socialism are very different things.
Thu Mar 6, 2014, 11:59 PM
Mar 2014

And liberalism is aligned with capitalism. How else shall we explain this quote from Truman:

All of you, I am sure, have heard many cries about Government interference with business and about "creeping socialism." I should like to remind the gentlemen who make these complaints that if events had been allowed to continue as they were going prior to March 4, 1933, most of them would have no businesses left for the Government or for anyone else to interfere with — and almost surely we would have socialism in this country, real socialism.

- Harry Truman in Detroit (14 May 1950), as recorded in Good Old Harry.

http://en.wikiquote.org/wiki/Harry_S._Truman


-Laelth

Laelth

(32,017 posts)
264. Umm ...
Fri Mar 7, 2014, 12:59 AM
Mar 2014

Truman didn't say anything bad about socialism in the quote above. What he suggests is that liberalism saved capitalism from socialism. Thus, I conclude, liberalism is aligned with (and protective of) capitalism, itself.



-Laelth

upaloopa

(11,417 posts)
21. Capitalism relies on consumption.
Thu Mar 6, 2014, 03:50 PM
Mar 2014

Over time capitalism destroys itself as we see in the world today. In the 1930's capitalism had to be restrained with infusion of socialism and world war. Capitalism piles wealth on one side of the scale. You cannot balance the scale because of the lack of wealth on the other side. Since the few capitalists have capital they are the winners in a zero sum game. Capitalism needs to be tempered by socialism. It's called stakeholder wealth maximization. Stakeholders in this case are not just the owners of capital.

Laelth

(32,017 posts)
172. It seems our disagreement, if any, is merely semantic.
Thu Mar 6, 2014, 06:45 PM
Mar 2014

I call restrained capitalism liberalism. I call socialism state ownership of all property. Socialism has been tried and it failed to produce either great wealth or a just distribution of said wealth. Liberalism, by contrast, made the United States the wealthiest and most powerful nation on Earth which, prior to the Reagan revolution, also had the highest standard of living of any nation on Earth. It's hard to argue with liberalism's track record.

What I'm arguing, here, is that it makes us look stupid and naive to attack capitalism, itself. It seems to me that everyone who has posted in this thread really wants highly-regulated capitalism, i.e. liberalism. I'd be willing to wager that nobody here has ever lived in a socialist country, nor would they want to. Socialism, whatever it is, is irrelevant in this context.

-Laelth

upaloopa

(11,417 posts)
181. Yes I think we define things differently
Thu Mar 6, 2014, 06:54 PM
Mar 2014

We have socialism in Social Security Medicare and Medical and the post office because capitalism cannot deliver needed services to those without the means to pay.
Like I said capitalism feeds on itself because over time less and less people can afford to pay. There needs to be a redistribution of wealth back to consumers and to me that is socialism.

Laelth

(32,017 posts)
262. Truman, of course, argued that Social Security is what PREVENTED socialism.
Fri Mar 7, 2014, 12:53 AM
Mar 2014

And that's what I'm suggesting as well.

All of you, I am sure, have heard many cries about Government interference with business and about "creeping socialism." I should like to remind the gentlemen who make these complaints that if events had been allowed to continue as they were going prior to March 4, 1933, most of them would have no businesses left for the Government or for anyone else to interfere with — and almost surely we would have socialism in this country, real socialism.

- Harry Truman in Detroit (14 May 1950), as recorded in Good Old Harry.

http://en.wikiquote.org/wiki/Harry_S._Truman


-Laelth

Laelth

(32,017 posts)
286. Hmm ...
Fri Mar 7, 2014, 03:00 PM
Mar 2014

Here's how I read it. Truman says that if things had kept going as they were prior to March 1933, i.e. prior to Roosevelt and the New Deal, then we would have had "real" socialism in the U.S. Truman suggests that the New Deal prevented "real" socialism from happening. Social Security, obviously, was part of the New Deal, so it makes sense to say that Social Security is not socialism. Rather, Social Security is what I would call liberalism, and it is liberalism, as I and other have suggested, that saved capitalism from itself and prevented a socialist revolution in the United States. That's what I think Truman said in the quote above.

-Laelth

Laelth

(32,017 posts)
175. The "we" in the OP refers to American liberals.
Thu Mar 6, 2014, 06:50 PM
Mar 2014

I never said that everyone who posted on DU was a liberal.



-Laelth

Laelth

(32,017 posts)
363. You are quite right, of course. I stand corrected.
Sat Mar 8, 2014, 11:55 AM
Mar 2014

But in order to make something useful out of this discussion, now that we've picked all our nits, what is it that you want?

I want a sane, just, and humane capitalism. Now it's your turn. Is that not what you want? If not, what is?



-Laelth



LWolf

(46,179 posts)
369. I want a system that benefits the 99%.
Sat Mar 8, 2014, 08:06 PM
Mar 2014

I see that as worker-owned means of production. Or non-profit corporations. Or government owned and operated, and guaranteed, essential services like health care, education, transportation, energy, and housing.

Or some combination of all of the above.

I get my electricity from a non-profit corporation that serves those of us living rurally. Their service and reliability is superior, their prices are significantly lower, and every 2 years I get a check...small to be sure, but a check refunding what I paid that they didn't use for regular day-to-day operations, upgrades, or repairs. Friends who live in town are stuck with the for-profit power company; they are envious.

What I really want to do is remove the profit motive for under-paying and over-charging people.

It has nothing to do with being liberal. As a matter of fact, economic liberals are those causing the problems.

 

villager

(26,001 posts)
28. Any economic model that commodifies everything is toxic
Thu Mar 6, 2014, 03:58 PM
Mar 2014

To human souls, spirits, and the planet they -- and everything else -- live on.

Laelth

(32,017 posts)
182. I don't disagree with you.
Thu Mar 6, 2014, 06:54 PM
Mar 2014

I have serious ethical problems with the fact that everything in a capitalist society is a commodity to be bought and sold. How to escape this model, however, eludes me.

My point was that until we devise a reasonable and reachable alternative, we're better off working within the system we have. Highly regulated capitalism, it seems to me, is the best we can do at the moment. That, actually, is why I call myself a liberal.

-Laelth

 

villager

(26,001 posts)
186. I'm more of a democratic socialist. Though one fellow writer describes it as "Left Libertarian"
Thu Mar 6, 2014, 07:02 PM
Mar 2014

I think most resources need to be held and dispensed communally -- energy, transportation, medicine, etc.

I think government -- i.e., the "collective" -- needs to be as transparent (and as localized) as possible.

I think people need to be as individually free as possible as well, including whatever moves them entrepreneurially. Of course, that freedom ends as soon as they'd bring harm to other individuals, or those collectively held resources, etc...

Those, at least, are the broad strokes...

As for capitalism, well, yes, since we're stuck with it in these moments before its inexorable collapse, we need to regulate the hell out of it....

JHB

(37,132 posts)
30. More to the point, there's more than one kind of capitalism...
Thu Mar 6, 2014, 03:58 PM
Mar 2014

Last edited Thu Mar 6, 2014, 05:41 PM - Edit history (1)

...and simply allowing conservatives to reduce it all to black-and-white works in their favor, not ours. We have to take the word back and make it clear that it's not their toy to play with.

The bumper sticker version is:
Conservatives have spent 30 years dismantling the economic system that defeated Communism so that they could send us back to the one that spawned it.


That's why I try to cook up images like the one below, so that people can wrap their minds around how much has really changed, how the version of capitalism in the past gets called "socialism" by RWers (and "centrists&quot .


Tax brackets for selected years (adjusted to 2013 dollars)
(image is incomplete -- not all percentages have been filled in -- but the adjusted income levels of the brackets are accurate)


(edited to clarify the chart is in terms of 2013 dollars)

sibelian

(7,804 posts)
38. CHRIST!!! Look at 1955!!! I had no bloody idea.
Thu Mar 6, 2014, 04:03 PM
Mar 2014

THAT'S where the "tax is bad" thing comes from...

Woah.

loudsue

(14,087 posts)
58. That was only if you made over $1.5 Million per year IN 1955 dollars....
Thu Mar 6, 2014, 04:27 PM
Mar 2014

And tax is what built this country, but not on the backs of those who couldn't afford it. "Tax" at those astronomical levels of income is best for the whole country.

Today it would be the equivalent of about $10 million of 1955 dollars. And, yes. If you make over $10 million a year, you should pay 90% of all that OVER $10 million back to the country that made it all possible. You keep your first 10 million, and pay a chunk of the rest of it back.

That's not just reasonable, it's FAIR.

JHB

(37,132 posts)
129. Actually, that's if you made over $400K in 1955 dollars...
Thu Mar 6, 2014, 05:39 PM
Mar 2014

Last edited Thu Mar 6, 2014, 06:16 PM - Edit history (1)

...The chart above is in 2013 dollars.


However, you'd be closer to right going back farther. Here's a similar chart (again, in 2013 dollars) for the full span of the income tax. The humungo ones in the 30s were on incomes above 5 million in 193x dollars:



Here's just from 1942 to 2013:

JHB

(37,132 posts)
170. Lots of people have no bloody idea
Thu Mar 6, 2014, 06:42 PM
Mar 2014

Back during the "should we raise taxes on incomes above $250,000" debates, I looked it up what the brackets used to be. I knew about the 91% top rate, but didn't know where the brackets broke down compared to today.

It turned out that in 1955 there were 24 tax brackets. After adjusting for inflation, 16 of them kicked in at incomes above $250K. Two bloody thirds of them! And 11 of those kicked in above a half million. The infamous top rate was on income above about $3.3 million in 2013 dollars (400K in 1955 dollars). (All these numbers are for a married couple filing jointly.) Digging further, it turned out that ALL progressivity in income taxes for very high incomes was wiped out under Reagan, and has never really come back. The changes by Clinton and Obama were tepid tweaks compared to what came before. Even the Roaring Twenties had more progressivity than we do now.

Part of the "taxes are bad" anger came from bracket creep: before 1984 they weren't indexed for inflation, so if your income rose at the rate of inflation you'd basically stay the same in theoretical spending power, but because your income was going up you'd move into higher brackets. So even if your income was holding even with inflation, taxes were biting deeper and effectively setting you back. By the 70s some people were being affected by taxes that had only affected people with twice their spending power 10 years earlier. That sort of thing ticked people off, and Republicans exploited that anger.

loudsue

(14,087 posts)
269. Very interesting post, JHB. And you can see how they were able to successfully
Fri Mar 7, 2014, 01:20 AM
Mar 2014

manipulate that, rather than bringing it up to date for inflation. I also remember that it used to be considered shameful to inherit your wealth, rather than earn it the "American way". Then the republicans started labeling the inheritance tax a "death tax". That higher tax, if I remember correctly, left the first few million untouched, did it not? So by eliminating the higher bracket inheritance taxes, they allowed for a million/zillion trust fund babies and extremely wealthy Paris Hilton types who created the "player" class.

My how things have changed.

PotatoChip

(3,186 posts)
89. If we are to continue to have Capitalism, the Keynesian model is the best.
Thu Mar 6, 2014, 04:57 PM
Mar 2014

Your chart clearly proves it. I would happily live with a Keynesian based form of Capitalism.

But the problem here is 1) getting the Neo Liberals who have infiltrated the halls of our government for the past 30+ years to go along with it, and 2) once accomplished, preventing them from undoing it as history has proven that they will do.

Avalux

(35,015 posts)
31. What are liberal laws? I don't see the word 'regulation' in your post, is that what you mean?
Thu Mar 6, 2014, 03:58 PM
Mar 2014

Capitalism at its core is the opposite of altruism; and there's nothing humane about it. The very nature of the system causes people to be selfish. But the bottom line is the bottom line - in a risk analysis of huge profits vs an acceptable amount of harm to people and/or the environment, profits win every time in a capitalistic system. Being liberal has nothing to do with it, and your insistence that it does misses the mark.

I am a liberal but I am not a capitalist, even though I must participate in such a system to survive. Perhaps someday we'll figure out a system based upon cooperation instead of competition, where money is not the motivating factor for getting up in the morning.




Laelth

(32,017 posts)
187. Excellent question. Thank you.
Thu Mar 6, 2014, 07:02 PM
Mar 2014

What follows are some examples of what I would call "liberal" laws. There were three, brief periods in the 20th Century in which "liberal" laws were enacted. The first is generally called the Progressive Era:

The first such period of reform occurred during what’s known as the Progressive Era, 1890-1920. Here is a partial list of that era’s liberal achievements: the 1887 Interstate Commerce Act and the 1890 Sherman Anti-Trust Act (neither of which was regularly enforced until progressives, Theodore Roosevelt and Woodrow Wilson, came to power); the Presidential primary system; establishment of the Federal regulatory system--including the Interstate Commerce Commission, the Federal Trade Commission, the Food and Drug Administration, and the Federal Reserve System; the 16th Amendment (1913), establishing the Federal Income Tax and progressive taxation; the 17th Amendment (1913), establishing the direct election of Senators; the 18th Amendment (1920), establishing prohibition—curbing the effects of alcohol abuse was a progressive goal; and the 19th Amendment (1920), establishing voting rights for women.


The second was a period of Democratic control of Congress from 1933-38 during the Great Depression. These are "liberal" laws from the FDR era:

Among other measures, Roosevelt managed to pass the WPA which employed two million Americans; the Glass-Stegall Act which limited risk-taking by banks; the Social Security Act; The National Labor Relations Act which legalized unionization and collective bargaining; and the Fair Labor Standards Act which established the minimum wage and limited child labor.


Had Roosevelt been able to enact his Second Bill of Rights, these would have also been "liberal" laws:

Roosevelt was unable to enact his Second Bill of Rights by which he sought to establish the right of every American to a home, a job, a good education, adequate recreation, adequate medical care, and economic security from the ravages of old age, sickness, accident, and unemployment.


Those "rights," however, were never established. The third period in which liberal laws were passed in the U.S. in the 20th Century occurred under LBJ:

Among Johnson’s liberal achievements are Medicare; Medicaid; Legal Aid; federal funding for education including creation of the National Endowment for the Humanities, the National Endowment for the Arts, and the Public Broadcasting Act; the Revenue Act of 1964; the Economic Opportunity Act; the Civil Rights Act of 1964; and the Voting Rights Act of 1965.


Those are some examples of how liberalism can restrain capitalism to create a more just society for all. My entire essay on that subject can be found here:

http://laelth.blogspot.com/2011/01/turning-american-ship-of-state.html

-Laelth

 

NuclearDem

(16,184 posts)
33. Socialism is common ownership of the means of production.
Thu Mar 6, 2014, 04:00 PM
Mar 2014

I.e. Anything a CEO owns in their capacity as CEO of a company. "All property" is entirely misleading. There's a difference between "private property" and "personal property." The former is what I just defined. The latter is what an individual or family owns not in a business capacity.

Capitalism is a dirty system that concentrates wealth in the hands of the few and demands little or no responsibility to the society at large if left unchecked. Ultimately, the end goal should be common ownership of private property, with tight regulation and control to check capitalism in the meantime. The only way that works is if capitalism is turned into a dirty word; it has to be called the selfish and destructive system that it is if we're going to wean us off of it.

MicaelS

(8,747 posts)
90. So under your system...
Thu Mar 6, 2014, 04:57 PM
Mar 2014

Let's say my family starts a small business, a restaurant, only family members as employees. We own the whole thing. So, as soon as we grow large enough that we need to start to hire people outside the family, the outsiders automatically become part owners of our family restaurant just by getting hired?

 

NoOneMan

(4,795 posts)
102. What's the problem with that?
Thu Mar 6, 2014, 05:04 PM
Mar 2014

Normally companies vest ownership over a certain number of years (and an employee only actually gets the ownership scheduled upon each anniversary). As long as everyone in your family continues to work during that period, the new workers ownership would remain largely inconsequential and reflective of their contribution.

MicaelS

(8,747 posts)
143. The problem is that it is a disincentive to grow the business...
Thu Mar 6, 2014, 06:03 PM
Mar 2014

Beyond a certain point. What if we don't want anyone outside the family to have ownership? That means the business will stay small. That means we will NOT hire anyone. No jobs created. That means we will not be paying higher taxes or higher Social Security.

 

NoOneMan

(4,795 posts)
146. Why is that a disincentive?
Thu Mar 6, 2014, 06:07 PM
Mar 2014

If you can't have everything of more, you don't want any more at all? That's disgusting.

If the growth of your company relies/depends upon the labor of people outside your family, why should they not own some part of the growth they were essential for creating? Why must you own ALL of such growth?

This is a mind-boggling argument drowning in selfishness. If anyone is in the position to grow their wealth by simply appropriately rewarding "others" for helping them do it, I would suggest they are stupid for not doing so. Of course, we live in a system where the norm is to achieve growth by exploiting labor, so any step toward egalitarianism is of course alien.

Your basic argument is that it is a disincentive to become *even wealthier* if you must reward others who are necessary to the process. Wow.

 

NuclearDem

(16,184 posts)
204. That attitude is the problem.
Thu Mar 6, 2014, 07:38 PM
Mar 2014

This only works if the people starting these businesses care more about the benefit of the community than their own interests.

 

NuclearDem

(16,184 posts)
113. The point is that the use of public resources has to go towards benefiting the whole.
Thu Mar 6, 2014, 05:15 PM
Mar 2014

Not the individual.

sibelian

(7,804 posts)
118. You've pointed out a very obvious problem with "capitalism is evil"
Thu Mar 6, 2014, 05:23 PM
Mar 2014

What about hairdressers and freelance photographers? Screw that, what about the WIND FARM MANUFACTURERS?

It's certain kinds of capitalism, certain implementations of it that cause the problems.

Saying capitalism is evil is every bit as stupid as saying MONEY is evil. It's just lefty point-scoring.

Fantastic Anarchist

(7,309 posts)
97. Property is Theft ~ Pierre-Joseph Proudhon
Thu Mar 6, 2014, 05:01 PM
Mar 2014

And he was referring to industrial property, i.e. the means of production. He also said "Property is Liberty!" which of course, he was referring to personal property and the fruits of one's labor.

Thank you for your post. The OP's premise on what "socialism" is is completely invalid.

Laelth

(32,017 posts)
290. I like your definition, and I can work with it.
Fri Mar 7, 2014, 03:56 PM
Mar 2014

As I liberal, I do not seek a world in which there is common ownership of the means of production (and no private ownership of the means of production). Frankly, a lot of people who call themselves socialists, including Bernie Sanders, I think, don't want that either.

I hope a lot of people read your post. There certainly is a lot of confusion about the meaning of certain terms.

-Laelth

Catherina

(35,568 posts)
375. "There is a difference between "private property" and "personal property". Most important post ^ n/t
Mon Mar 10, 2014, 09:36 AM
Mar 2014

xchrom

(108,903 posts)
39. 'liberal' is what created the corrupted system we now live with. nt
Thu Mar 6, 2014, 04:03 PM
Mar 2014

i have developed a near gag reflex for the word 'liberal' -- it simply doesn't mean what so many thinks it does.

Skeeter Barnes

(994 posts)
155. Thank You. Like Howard Zinn said, (paraphrasing)
Thu Mar 6, 2014, 06:16 PM
Mar 2014

The function of liberals is to prevent radical change, to funnel working class anger into the ballot box where it can be directed away from the 1%.

Laelth

(32,017 posts)
191. What can I say? I am sorry to hear that you feel that way.
Thu Mar 6, 2014, 07:09 PM
Mar 2014

The word "liberal" has been under siege at least since 1988 when George H. W. Bush made a campaign issue out of it and turned it into a dirty word with the aid of a complicit media. For my part, I refuse to run from the word. It is, in the end, an apt word to describe my politics. If you hate liberalism, you hate FDR, and Truman, and LBJ. If so, I am truly sorry to hear that.



-Laelth

 

Rex

(65,616 posts)
40. If only we still lived in a capitalist society. Alas we live in a plutocracy now.
Thu Mar 6, 2014, 04:04 PM
Mar 2014

When D.C. finally decided to do away with regulations and oversight - capitalism died on the vine and this horrid, undead zombie-like system took over called plutocracy. Now it feeds on the most vulnerable in society with absolutely no hindrance and is motived by creatures like the Koch liches.


WE LOVE US SOME WAR AND DEATH! GOOD FOR THE BOTTOM LINE!

Laelth

(32,017 posts)
193. I hear you, but the US is and always has been an oligarchy.
Thu Mar 6, 2014, 07:11 PM
Mar 2014

We had better get used to that idea, I think, and learn to turn our oligarchy into an oligarchy that meets the needs of all the people.

More on that subject here:

http://laelth.blogspot.com/2011/01/turning-american-ship-of-state.html

-Laelth

TheKentuckian

(24,949 posts)
370. an oligarchy that meets the needs of all the people." is perhaps the most fanciful statement ever
Sat Mar 8, 2014, 08:44 PM
Mar 2014

They wouldn't be oligarchs if they were looking out for everyone rather than themselves at everyone's expense.

Really when you say something that at odds with logic, history, the nature of power, and reality then it is difficult to think you are even being serious.

By definition, we have no power to "make the best" of anything under such a system. We'll get what what we are given by our masters as it suits their purposes or nothing at all, again as it suits the ruler's fancy.

Laelth

(32,017 posts)
373. Perhaps.
Mon Mar 10, 2014, 08:12 AM
Mar 2014

I will note, however, that the Republic of Venice managed to maintain a fairly benevolent oligarchy for nearly 1,000 years. There's a sense in which all republics are oligarchies. I would also note that "the people" have more political power in the United States, now, than at any time in our history.

More on that here: http://journals.democraticunderground.com/Laelth/36

Thanks for the response.

-Laelth

TheKentuckian

(24,949 posts)
378. You think the oligarchs are the office holders? No wonder we have a failure to communicate.
Tue Mar 11, 2014, 01:54 AM
Mar 2014

Those folks are just the interface that also acts as complaint department and illusion of control for the masses.

As far as the all time high in power over government for the people, I don't get the argument. Access to the vote? Popular election of the Senate? Doesn't begin to mitigate the entanglement of corporate capture or the ever growing security state, the people have little sway. The advancements in suffrage have at least been countered.

Laelth

(32,017 posts)
379. Hmm ...
Tue Mar 11, 2014, 06:16 AM
Mar 2014

I don't think I ever said that the oligarchs were the office holders. In fact, that's quite rare, as far as I know. FDR was an actual oligarch, and so was Shrub, but it's rare for the oligarchs, themselves, to hold office. Why would they want to? Being a politician is a crappy and low-paying job (for an oligarch). No, the oligarchs use their puppets in government to shape the law and, thereby, society.

That's what happened in Venice, and that's what happens in the U.S. Given that we're agreed on that, I'm not sure where you're going with the previous post. Care to expand?



-Laelth

TheKentuckian

(24,949 posts)
380. Well, if the oligarchs are beyond election then I'm missing the "how" to get benign ones
Wed Mar 12, 2014, 05:13 PM
Mar 2014

or how we'd "make the best of it".

I'm also not really sold on Venice comparison, maybe you can flesh that beyond a Wiki link?

Laelth

(32,017 posts)
381. Let me see if I can explain.
Thu Mar 13, 2014, 10:00 AM
Mar 2014

In an oligarchy, in order to get liberal reforms, you've got to convince the oligarchs that it's in their best interests to do so. That's our task, and that's how we make the best of it. I have an essay on the subject, if you're interested, here:

http://laelth.blogspot.com/2011/01/turning-american-ship-of-state.html

-Laelth

TheKentuckian

(24,949 posts)
382. That was well written and you know what? I substantially agree with you.
Fri Mar 14, 2014, 03:52 PM
Mar 2014

However, I think there is some disconnect in play between observation and assessment and the solutions point. I think this is because of rational concern about the risks of blowback from poking the bear, while having a more than a legitimate understanding that the bear must be poked (arguably hard enough to be taken out but that risks even more dangerous bears after a clusterfuck so it is to be avoided).

I get the impression that you essentially think the best thing to do is to wait for the dumbass bear to poke it's self and hope that rather than plowing us after the clusterfuck (that I guess you calculate will cause less upheaval even if more suffering) they do something more broadly beneficial to help them to not poke themselves so.

You also seem reluctant to connect that since only fear motivates these fucks, fear must be in the toolbox. There has to be a plausible threat to wealth and power for a better deal. What always turn out to be temporary deals that they start trying to claw back no later than day one.

What you describe in your excellent article is not benign, nor is it in any way responsive to the people but rather obstinate assholes that when pressed to existential danger will make moderate concessions until the heat is off and then redouble their previous efforts.

I don't see how talking up capitalism puts their balls in a vise or gives the people any advantage. These folks respond better for us to barbarians at their gates than to partners with suggestions.

You might be able to get a partner with suggestions in charge for a spell IF AND WHEN the barbarians are really at the gates and too many within are thinking that their new barbarian overlords might not be so bad but When there are no barbarians and everyone is singing the praises of the Lord's then the suggestions can be ignored, the only game in town can play by whatever rules it likes.

It is like you want to placate them but know that they cannot really be bargained with in any real sense. I do not believe the evidence supports that anything but the worse can be expected except by applying unrelenting pressure of a gun to the head of the goose that lays the golden eggs, with a grim determination to pull the trigger if concessions aren't made and possibly there has to be some threat that it will be pulled anyway so the folks in steerage wrestle the gun away themselves rather than to lose their cut.

I do find the last bit less than satisfying, as far as our increased power. I just don't see how the exchange of ideas, availability of data, or quick contact time with the complaints and propaganda department actually improves our hand on the levers of power. Well, other than catching them on some embarrassing bullshit that can't be sold in daylight and maintain the illusion of democracy but those setbacks tend toward the temporary and if it is important enough for them they will just do it (see bailout)

They are nothing if not persistent.

1awake

(1,494 posts)
42. First... that took guts.
Thu Mar 6, 2014, 04:07 PM
Mar 2014

Okay, I'm not sure I agree with you concerning the "Capitalism works, and it works well" part. I think that it just fails slower than all the others. I will say that a cross bread of socialism and capitalism would be what I prefer over either of the two separately. There are many reasons for this we can get into some other time (I believe neither can endure without elements of the other).

Lastly, not everyone is Liberals here. I would venture people here range across the entire spectrum depending on what the current topic is.

Laelth

(32,017 posts)
198. First, let me say "thank you" for the kind words.
Thu Mar 6, 2014, 07:25 PM
Mar 2014

Second, let me say that I never intended to suggest that all DU posters are liberals. I am sure they're not, in fact. However, since you are the second person to make a comment along those lines, I must assume that I was unclear in the OP, and for that I apologize.

Third, what you claim to desire (a blend of socialism and capitalism) is what I call liberalism--i.e. essentially capitalism but with strong government controls to insure that capitalism's wealth is equitably divided among all the citizenry. Nobody, to my knowledge, wants to live in a socialist country. In fact, there are none left on the planet to my knowledge, and that's probably because socialism doesn't work. On the other hand, nobody I know wants to live in an unregulated capitalist society (i.e. Somalia) either. Most of us want liberalism, I think, and that means regulated capitalism.

If that's the case, we sound pretty silly calling capitalism "evil" when, in fact, most of us want to live in a highly-regulated capitalist society.

Does that make sense?



-Laelth

AtheistCrusader

(33,982 posts)
139. It does with proper controls.
Thu Mar 6, 2014, 05:58 PM
Mar 2014

For instance, compare the economy of Washington State, with it's highest Minimum Wage in the country ($9.32), to oh... the economy of Georgia or Wyoming where it's $5.15. And if you're a tipped worker, you can make even less in those states. Not so in Washington. The minimum wage in WA applies to everyone except underage workers in school, who can be paid 75% of the minimum wage. (Still higher than Georgia or Wyoming LOL)

WA's economy is kicking ass, and there's a reason for it. And that DOES benefit the vast majority.

http://www.usgovernmentspending.com/compare_state_spending_2014b40a

Compare state/federal welfare spending between those three states, GDP, population, and growth.

Capitalism isn't necessarily evil, UNREGULATED capitalism is fucking horrific. With proper controls, it can be amazing.
Germany and the US both have mixed-market economies, but Germany is kicking our asses, and that's mostly because of the controls put upon capitalism, that benefit labor. They have a capitalist economy, but it has social controls.

best of all worlds, really, implemented properly. Their health care system, also with social controls, is amazing compared to ours.

bluestate10

(10,942 posts)
250. Some times I pray that armies of true Progressives would become business owners
Thu Mar 6, 2014, 10:30 PM
Mar 2014

or Venture Capitalists. Only through that effort will the needle of income be turned back in favor of workers. But true Progressives, by and large, don't start businesses and the be honest, many despise business - they would rather protest the Koch brothers in the streets of our nation.

AtheistCrusader

(33,982 posts)
271. Safety nets and labor protections are good for business.
Fri Mar 7, 2014, 01:31 AM
Mar 2014

Hence, VW's puzzlement at US workers NOT wanting to unionize, or even looking at Costco's success, with higher wages, and good benefits.

You don't get or grow good workers without those things, and without good workers, your business is screwed.

I like to think that SOME companies are starting to see it. (Like IBM, surprise hiring when everyone was expecting 13k layoffs.)


A tool is only what you make of it. Capitalism and Socialism can be married in a highly productive hybrid arrangement.

ForgoTheConsequence

(4,846 posts)
48. I thought we had pretty much all agreed on a mixed approach by now?
Thu Mar 6, 2014, 04:15 PM
Mar 2014

The question is how much capitalism and how much socialism do you want? I don't mind capitalism in the social democratic sense.

OilemFirchen

(7,143 posts)
57. Not only agreed to it, but implemented it.
Thu Mar 6, 2014, 04:24 PM
Mar 2014

The entire western world runs on an economy which is a mix of capitalism and socialism. The mix needs to be re-jiggered, of course, but capitalism isn't the enemy - deregulation and monopolization are. I'd add to that the commoditization of currency, but that's another conversation.

Laelth

(32,017 posts)
202. Sigh. This thread has been a major drain on my mental reserves.
Thu Mar 6, 2014, 07:34 PM
Mar 2014

That said, I am glad I did it. Cheers!



-Laelth

Oakenshield

(614 posts)
53. So Socialism IS a dirty word?!
Thu Mar 6, 2014, 04:20 PM
Mar 2014

With all due respect, liberals like you are the reason why the Democratic party is plagued by centrist politics. Get out of the way, you're not helping.

Oakenshield

(614 posts)
63. Bullshit.
Thu Mar 6, 2014, 04:33 PM
Mar 2014

Social Security, universal healthcare and education....these aren't fantasies. They've helped millions. We could help millions more by building on these successes.

brooklynite

(93,873 posts)
93. ...and all of those were built within a capitalist system...
Thu Mar 6, 2014, 04:59 PM
Mar 2014

If you've got an example of a successful SOCIALIST (not Social Democratic) framework at a national level, please share.

Oakenshield

(614 posts)
108. Brilliant argument.
Thu Mar 6, 2014, 05:11 PM
Mar 2014

Because it's never been done, it should never be tried. Sensibilities like that are more befitting of a Republican.

brooklynite

(93,873 posts)
116. I don't say that something that hasn't been tried should never be tried...
Thu Mar 6, 2014, 05:17 PM
Mar 2014

...but before I advocate for a radical change, I'll want to know what it's likelihood for success is. Socialized medicine would be a radical change for which there is a reasonable basis of information to determine its potential success. Socialism beyond small settlements has no such track record.

 

nadinbrzezinski

(154,021 posts)
121. I really had no idea the northern European countries were small settlements
Thu Mar 6, 2014, 05:26 PM
Mar 2014

one learns new things here every day.

Thanks.

brooklynite

(93,873 posts)
144. Social Democracy *IS NOT* SocialISM
Thu Mar 6, 2014, 06:03 PM
Mar 2014

learn what that means. You can start with the Wiki.

http://en.wikipedia.org/wiki/Democratic_socialism

"Social democracy"
Not to be confused with Democratic socialism.

"Socialism"
Socialism is a social and economic system characterised by social ownership of the means of production and co-operative management of the economy,[1][2] as well as a political theory and movement that aims at the establishment of such a system. "Social ownership" may refer to cooperative enterprises, common ownership, state ownership, citizen ownership of equity, or any combination of these.


Personally, I nave no problem with Social Democracy. Neither, apparently, does Nokia.

 

nadinbrzezinski

(154,021 posts)
145. Well I guess my poli sci instructor who used to be CIA
Thu Mar 6, 2014, 06:05 PM
Mar 2014

and every other philosopher I have ever read, including European ones, is wrong.

But what my prof said applies here. "People in the US are so afraid of communism and socialism that they will not know it even if it bytes them in the ass." I am of course paraphrasing. He could be acerbic at times.

Stop being afraid... or not. Red Baiting is so 1950s you know.

brooklynite

(93,873 posts)
156. I would only be "afraid" if I thought the prospect was real...
Thu Mar 6, 2014, 06:17 PM
Mar 2014

...as opposed to an academic discussion on a political blog that rarely seems to result in anything other than pontificating.

And now, I'm going to turn OFF my computer and rejoin the real world.

 

nadinbrzezinski

(154,021 posts)
231. Oh and here from them pesky commies at Foreign Affairs Magazine
Thu Mar 6, 2014, 08:38 PM
Mar 2014

Last edited Thu Mar 6, 2014, 11:24 PM - Edit history (1)

NORDIC MODELS

Social democracy originated in the early twentieth century as a strategy to improve capitalism rather than replace it. Today, people generally associate it with European social democratic political parties and the policies they have put in place, especially those in the Nordic countries, such as Denmark and Sweden. Over the course of the next half century, the array of social programs offered by the federal government of the United States will increasingly come to resemble the ones offered by those countries.


http://www.foreignaffairs.com/articles/140345/lane-kenworthy/americas-social-democratic-future

You might want to skip the article though.

Oh and here is what Webster's has to say about it

social democracy noun
: a political movement that uses principles of democracy to change a capitalist country to a socialist one

: a country that uses both capitalist and socialist practices


Full Definition of SOCIAL DEMOCRACY

1
: a political movement advocating a gradual and peaceful transition from capitalism to socialism by democratic means
2
: a democratic welfare state that incorporates both capitalist and socialist practices
— social democrat noun
— social democratic adjective
See social democracy defined for English-language learners »
First Known Use of SOCIAL DEMOCRACY

1850

Oakenshield

(614 posts)
126. So you're afraid. Own up to it and move aside.
Thu Mar 6, 2014, 05:33 PM
Mar 2014

We will almost certainly stumble in the attempt of adopting a socialist system, but that's life when you're acting as a pioneer. I'd sooner have us stumble a dozen times in the pursuit of a more fair and just society than settling for this squalor of a economic system.

 

NuclearDem

(16,184 posts)
206. That's the problem. They haven't existed at a national level.
Thu Mar 6, 2014, 07:40 PM
Mar 2014

And our attitude towards ownership and wealth is a major factor.

sibelian

(7,804 posts)
80. It's not a fantasy word, it's a political PHILOSOPHY, not a hard-wired SYSTEM.
Thu Mar 6, 2014, 04:48 PM
Mar 2014

It's a catchall for the tendency to use state funds to provide services for the populace, not a hard-coded SYSTEM for ensuring that ALL services, or indeed products, are publically funded.

Public libraries are a fully functioning SOCIALIST IDEA.

It's obviously not a fantasy, socialist principles support the BBC and the National Health Service. These are "socialist" institutions in the same way that SETI is a "scientific" institution.

Saying socialism is a fantasy is exactly the same as saying science is a fantasy.

Now if you were talking about COMMUNISM, which is hard-coded political system based on the philosophy of socialism that DOES require state control of everything, you'd have a point.

Please tell me you did not need to be told all that.

brooklynite

(93,873 posts)
98. I don't think anyone equates "Public Sector" with "socialism" as an economic structure.
Thu Mar 6, 2014, 05:03 PM
Mar 2014

A library is "socialist" only if a capitalist alternative is not allowed.

sibelian

(7,804 posts)
131. With the possible exception of the self identifed SOCIALIST politicians
Thu Mar 6, 2014, 05:42 PM
Mar 2014

who established the existence of the NHS and the BBC in the first place, presumably!!!!!!!

:
 

nadinbrzezinski

(154,021 posts)
101. What the OP has described IS SOCIAL DEMOCRACY
Thu Mar 6, 2014, 05:04 PM
Mar 2014

which was pretty much working here in the 1950s, but still works very well, thank you very much.

The one living in fantasy...

Sarah Ibarruri

(21,043 posts)
55. Hi Laelth. I like your posts a lot.
Thu Mar 6, 2014, 04:23 PM
Mar 2014

I don't know what the answer is anymore. Can capitalism ever be controlled? Who knows. I'm leaning to thinking that perhaps the best form of government isn't capitalism but a combination of socialism and a controlled free market. I dunno.

Fantastic Anarchist

(7,309 posts)
105. You may be interested in the philosophy of Mutualism.
Thu Mar 6, 2014, 05:09 PM
Mar 2014

Developed separately by Josiah Warren and Pierre-Joseph Proudhon (unbeknownst to each other).

It's other name is free-market socialism (or free-market anti-capitalism). A central tenet is that free-markets are incompatible with capitalism. They can exist, however, if Labor collectively owned the means of production and managed their labor.

Mutualism - Wikipedia

Mutualist.org by Kevin Carson

Note: I don't consider myself a full-fledged Mutualist. I'm sort of a hybrid between Mutualist, collectivist, and communist. For what it's worth.

Sarah Ibarruri

(21,043 posts)
112. Cool! I'll check into these. It's looking to me as if capitalism can only lead in one direction
Thu Mar 6, 2014, 05:15 PM
Mar 2014

unless well controlled and overseen, and that direction is an oligarchy.

Laelth

(32,017 posts)
205. Hello, Sarah.
Thu Mar 6, 2014, 07:38 PM
Mar 2014

Thank you for the kind words. I am not sure that capitalism can ever be completely controlled, as it were, but it is the system we have, and we are now the most powerful nation on Earth. In addition, prior to the Reagan revolution, we had the highest standard of living of any nation on Earth. That tells me that restrained and highly-regulated capitalism (i.e. liberalism) can and does work. History supports this argument.



-Laelth

 

PowerToThePeople

(9,610 posts)
62. I am sorry that your thoughts are profane
Thu Mar 6, 2014, 04:32 PM
Mar 2014

Last edited Thu Mar 6, 2014, 07:14 PM - Edit history (1)

Capitalism - an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

http://www.merriam-webster.com/dictionary/capitalism


Any game where "winner takes all" is a game where most lose. If an Economy is managed this way, it means most are homeless and starving.

Capitalism fails for most people.

edit - an old post of mine in regards to my thoughts of liberals and capitalism.

liberal.
the term liberal is used a lot.

It is used to describe someone in support of

Women's rights
LGBT rights
Minority Rights
Fair Judicial system
Animal Rights
and many more.

I claim that as long as a person stands in support of Capitalism or any unfair economic system, they can not be a true liberal. They are a LINO. They are willing to allow personal choice and direction, but only within the confined cage of tyranny that is Capitalism. There is no true freedom in that system, only the illusion of freedom.

http://www.democraticunderground.com/?com=view_post&forum=1002&pid=3427568


laundry_queen

(8,646 posts)
157. Also, theoretically, capitalism will always result in monopolies in the end
Thu Mar 6, 2014, 06:18 PM
Mar 2014

we're starting to see a lot of that now with food, energy and media.

I'm a mixed economy kind of person. With the capitalism part in that 'mix' being heavily regulated.

Laelth

(32,017 posts)
208. That's quite true of unregulated capitalism.
Thu Mar 6, 2014, 07:46 PM
Mar 2014

That, in fact, is why we passed the Sherman Anti-Trust Act during the Progressive Era. That law is rarely enforced, and that's a shame. As a liberal, I want highly regulated capitalism for this very reason--to prevent the concentration of wealth.

-Laelth

laundry_queen

(8,646 posts)
253. I disagree.
Thu Mar 6, 2014, 10:57 PM
Mar 2014

I think it happens even with weakly regulated capitalism and is still a threat in regulated capitalism. If there are no monopolies and there is perfect competition, then there is no profit or growth for the companies within that competitive sphere. Competition destroys profit, and monopoly maximizes it. In our current system, there is no sane CEO that isn't going to trend towards monopoly because that is where the profit is. Plus, our markets are based on perpetual growth which is inherently unsustainable, but a company's only chance of survival is to continuously chase the growth of their profits. Without growth of profits, companies fail. Capitalism and the current financial market system are forcing companies into monopoly. The only other choice is forcing companies to stay smaller and encourage competition which, in the end, results in little growth or profit. That is why you are seeing the laws being ignored. Those who are in charge of making the laws and enforcing them benefit from this monopolized economy. Even with regulation, where we are now is always how it will end. That is why I'm in favor of a mixed economy - because regulation alone will not reign in the excesses of capitalism.

Initech

(99,915 posts)
65. Deregulated, unchecked capitalism is the real underlying danger.
Thu Mar 6, 2014, 04:34 PM
Mar 2014

Capitalism works when companies are regulated, audited throughly, and pass inspections. Unregulated capitalism is where we get white collar crime. It's where we get a completely one sided media, the health insurance industry, for profit prisons, and the Heritage Foundation. That's where capitalism doesn't work.

Fantastic Anarchist

(7,309 posts)
66. Socialism isn't "state ownership of all property."
Thu Mar 6, 2014, 04:34 PM
Mar 2014

Your premise is wrong.

Even the Marxist socialists quibble about this (and Marx himself deferred to other viewpoints regarding not having state control after his witnessing of the events of the Paris Commune).

So, yes, I agree that liberals are capitalists (that's why I'm not a liberal), I do disagree that capitalism isn't a dirty word. In fact, it's downright filthy. FDR, though good-hearted, wanted to save capitalism from itself with his New Deal, so he co-opted a lot of socialist rhetoric. But capitalism is a system of exploitation - no matter how many restrictions or regulations you thrust upon it. You will always have a parasitic capitalist accumulating the surplus value of others' Labor and deem it profit for himself.

That's disgusting.

Laelth

(32,017 posts)
215. Ethically, I agree with you about the nature of capitalism.
Thu Mar 6, 2014, 07:54 PM
Mar 2014

And I am aware that FDR was attacked from the left for preventing a socialist revolution in the United States with his liberalism. That said, capitalism is the system we have, and I see no way to escape it. Like FDR, I think we'd be better off trying to harness it and channel its energies into making this society more just (though never completely just). Besides, revolutions are bloody, nasty affairs. I don't look forward to being a part of one, and I hope my children don't live through one either.

More on these subjects here: http://laelth.blogspot.com/2011/01/turning-american-ship-of-state.html

-Laelth

Benton D Struckcheon

(2,347 posts)
67. Distribution of power.
Thu Mar 6, 2014, 04:35 PM
Mar 2014

That's what liberalism boils down to.
It's not who's got the power (gov't/private owners) but who's got too much of it. Right now, capitalists/corporations have too much. They need a lot more restraint on their power than what we have on them now.

 

Demo_Chris

(6,234 posts)
69. Good thread and post. Trashing capitalism is cool, particularly if you don't understand it...
Thu Mar 6, 2014, 04:35 PM
Mar 2014

Liberals are as guilty of this sort of group think as anyone else. I think that it's human nature, but it's always just a touch irritating to see or hear when you do understand and know better.

 

nadinbrzezinski

(154,021 posts)
122. So is trashing socialism
Thu Mar 6, 2014, 05:27 PM
Mar 2014

the OP posted the TEXTBOOK definition of social democracy, a form of socialism

laundry_queen

(8,646 posts)
160. Yes, the irony of that statement was not lost on me, LOL.
Thu Mar 6, 2014, 06:20 PM
Mar 2014

Truly, people need to understand the concepts before making sweeping statements.

Response to nadinbrzezinski (Reply #162)

Response to Laelth (Reply #293)

 

nadinbrzezinski

(154,021 posts)
70. I hope you realize
Thu Mar 6, 2014, 04:36 PM
Mar 2014

You just described what social scientists and economists, and political scientists call social democracy

Laelth

(32,017 posts)
292. Perhaps. But it's not socialism.
Fri Mar 7, 2014, 05:02 PM
Mar 2014

It's liberalism, as far as I am concerned.

My point is that capitalism is not inherently bad, so it makes us look silly to pretend like capitalism is a dirty word. Tightly controlled capitalism, i.e. liberalism, is what it appears most of us seek. Socialism (whether by that you mean state ownership of all property or communal ownership of the means of production) is not what I seek politically.

-Laelth

 

nadinbrzezinski

(154,021 posts)
301. I will be charitable and use the *other term* used by experts
Fri Mar 7, 2014, 05:22 PM
Mar 2014



Mixed economy.

None use liberalism to define what you described.

Words have meanings to them. When discussing economic systems we should be careful to be precise with the language.

Laelth

(32,017 posts)
306. I will concede that you are the expert on the meaning of words.
Fri Mar 7, 2014, 05:42 PM
Mar 2014

I concede this point because I consider it irrelevant. We lack, in English, an "Academie de la Langue Francaise" to permanently and finally define all words for us. English is a living, fluid language, and definitions change.

But I agree with you that definitions do, in fact, matter, and I am talking, specifically, about how we ought to define the words capitalism, socialism, and liberalism. My point is purely pragmatic. I am not trying to win a debate. I am defining liberalism (as did Truman) in a way that aligns liberalism with capitalism and places liberalism in opposition to socialism. I do so because I want liberals to win, and it's my sense that one can't win an election in the United States by attacking capitalism and making capitalism into a dirty word.

If you disagree with this strategy, so be it. I still think you want liberals to win elections, though.

Thanks for the lively discussion.

-Laelth

Common Sense Party

(14,139 posts)
75. I agree. In the public debate, we need to talk more about ETHICAL Capitalism,
Thu Mar 6, 2014, 04:45 PM
Mar 2014

about companies who CHOOSE to do right by their workers, by their customers, and by their communities...NOT because they are FORCED to do so by draconian regulations, but because it's the right thing to do. Those companies who voluntarily choose to behave well should be extolled and shouted from the rooftops.

Because in this hyper-connected instantaneous Twitterverse, people can vote with their pocketbooks and immediately STOP doing business with an UNETHICAL company and LET THE WORLD KNOW when and why they are doing it, and publicly SWITCH to do business with a DECENT company and tell the world why as well. In a consumer-driven economy, the consumer has more power than she realizes.

Of course we still need common sense regulations and penalties for those companies who refuse to do what is right.

Speaking as a former Republican and now more in-between-Independent, I'll just say that there is a HUGE chunk of this country that you will NEVER persuade to vote for you, or your party, or your ideals if a major part of your platform is, "Capitalism sucks, corporations are bad, and we gotta end it all...but, um, we really don't have a clear alternative system."

 

Maedhros

(10,007 posts)
76. Americans are brought up to put capitalism on a pedestal
Thu Mar 6, 2014, 04:45 PM
Mar 2014

and to view the alternatives as somehow less worthy.

It benefits us all to open our minds and question the conventional wisdom that says capitalism is the best economic system. It's only the best for those who have lots of capital, which excludes a majority of Americans.

Laelth

(32,017 posts)
298. I hear you on that.
Fri Mar 7, 2014, 05:17 PM
Mar 2014

However, I will also note that capitalism (for better or for worse) has conquered the world. Even those countries that were really and truly socialist have been moving toward capitalism at a rapid pace. There must be a reason for this. I do not believe that humanity is collectively insane. Capitalism isn't necessarily the "best" economic system, but that's irrelevant. At the moment, it's the only economic system. As such, I suggest we get used to it and try to bend it to serve the common good (as much as we can).

That said, I think it quite wise to keep one's mind open to other possibilities. I just don't see any at the moment. Perhaps you do.

I also mentioned in a post above that, contrary to my OP's thesis, capitalism already is a dirty word. Try it. Just call your boss, or some rich person, a "capitalist" and watch their reactions. They'll be offended, and that's because capitalism already carries a negative connotation, despite the fact that we live in a capitalist society. LOL. Marx had tremendous influence, even if most people now say they don't agree with him for X, Y, and Z reasons.

Thanks for the response.

-Laelth



 

Maedhros

(10,007 posts)
308. My suggestion is to transition away from capitalism, rather than accede to it.
Fri Mar 7, 2014, 05:49 PM
Mar 2014

When you say:

Even those countries that were really and truly socialist have been moving toward capitalism at a rapid pace.


I'm assuming you are referring to the Soviet Union and China. While these nations were ostensibly "socialist", they were also "totalitarian" to a degree that vastly overshadowed their socialist natures. In the first case the totalitarian state failed to a state of economic anarchy, a situation ripe for capitalist exploitation. In the other, the totalitarian state simply realized that capitalism gave them a more efficient means of filling their coffers.

I can't think of a democratic state that has made a dramatic transformation from socialism to capitalism.

kristopher

(29,798 posts)
77. There's no such thing as pure capitalism or pure socialism
Thu Mar 6, 2014, 04:46 PM
Mar 2014

Every system is a blend of those concepts. Using traditional points of reference, the US is on the far right, but nowhere near the end, of the scale.

Likewise no country is an example of pure socialism. All countries tend to cluster towards the middle half of the scale.

I don't care about capitalism, per se, as the economic system. What I want to move us towards is a functioning social democracy where the power of government is truly a representation of public values. To that end, it is necessary to limit the accumulation and concentration of capital.

Dark n Stormy Knight

(9,760 posts)
199. "to limit the accumulation and concentration of capital," is essential!
Thu Mar 6, 2014, 07:27 PM
Mar 2014

The accumulation and concentration of capital is the accumulation and concentration of power. And we know what power does.

Laelth

(32,017 posts)
303. Seen as a spectrum, this makes sense.
Fri Mar 7, 2014, 05:27 PM
Mar 2014

And, perhaps that's a more useful way to look at this dynamic. I will say, however, that attacking capitalism in the United States is a bad strategy for getting elected. Democrats need to win, and I think it's a better strategy to argue that capitalism needs restraint in order to insure that its benefits are widely and more justly distributed, as opposed to simply saying that capitalism sux. That's a sure loser of an argument for U.S. politicians.



-Laelth

 

Rex

(65,616 posts)
83. BINGO!
Thu Mar 6, 2014, 04:50 PM
Mar 2014

It is also sad to see people get socialism and communism mixed up. I blame our western education.

Laelth

(32,017 posts)
304. Yes, that's my understanding of the word fascism, or, "corporatism" as Moussolini called it.
Fri Mar 7, 2014, 05:33 PM
Mar 2014

And, I agree. That's very bad.

Perhaps there was a larger point I am missing?



-Laelth

Laelth

(32,017 posts)
361. Agreed. Unregulated capitalism leads to Mexico and Somalia.
Sat Mar 8, 2014, 09:59 AM
Mar 2014

Over-regulated capitalism leads to the U.S.S.R. I prefer the liberal middle, myself.

Thanks for the post.



-Laelth

Zorra

(27,670 posts)
91. You mean like these Liberals?
Thu Mar 6, 2014, 04:59 PM
Mar 2014



Our strategy should be not only to confront empire, but to lay siege to it. To deprive it of oxygen. To shame it. To mock it. With our art, our music, our literature, our stubbornness, our joy, our brilliance, our sheer relentlessness – and our ability to tell our own stories. Stories that are different from the ones we’re being brainwashed to believe.

The corporate revolution will collapse if we refuse to buy what they are selling – their ideas, their version of history, their wars, their weapons, their notion of inevitability.

Remember this: We be many and they be few. They need us more than we need them.

Another world is not only possible, she is on her way. On a quiet day, I can hear her breathing.”
― Arundhati Roy, War Talk

TBF

(31,922 posts)
94. I have always liked you Laelth -
Thu Mar 6, 2014, 04:59 PM
Mar 2014

you were kind to me when I was a newbie here at DU.

I would respectfully ask that you read a little more about socialism.

Socialism is the working class owning the means of production. That could be through a central entity like a state or a cooperative venture.

Here's a little more if you're at all interested: http://www.marxists.org/archive/fromm/works/1961/man/ch06.htm

Solidarity.


Laelth

(32,017 posts)
311. Thank you for the kind words.
Fri Mar 7, 2014, 06:00 PM
Mar 2014

You'd be surprised, it appears, by how much I have read about socialism--i.e. a lot.

But I would invite you not to get bogged down in a futile attempt to discover the "true" definitions of words, here. Like you, I believe that words matter, but I am trying to shape the definitions of three key words, those being capitalism, liberalism, and socialism. My purpose is purely pragmatic. I am not trying to win a debate or discover the "true" meaning of these words. I am defining liberalism (as did Harry S. Truman) in a way that aligns liberalism with capitalism and places liberalism in opposition to socialism. I do so because I want liberals to win elections, and it's my sense that one can't win an election in the United States by attacking capitalism and acting as if capitalism were a dirty word.

If you disagree with this strategy, so be it. I still hope you want liberals to win elections, though.

Thanks for the response.

-Laelth

Cleita

(75,480 posts)
99. It seems the banksters didn't get the message.
Thu Mar 6, 2014, 05:03 PM
Mar 2014

Capitalism is one of many economic systems that can work under a democracy. If it's the only system under government then it becomes feudalism with a small monied upper class and the majority at subsistence level serfdom. For capitalism to work in a democracy, it needs to have a large middle class and to achieve that we need a strong system of socialism alongside it.

Laelth

(32,017 posts)
312. If what you call socialism is what I call liberalism, then I agree.
Fri Mar 7, 2014, 06:06 PM
Mar 2014

In my OP, I am trying to shape the definitions of three key words, those being capitalism, liberalism, and socialism. My purpose in doing so is purely pragmatic. I am not trying to win a debate or discover the "true" meaning of these words. I am defining liberalism (as did Harry S. Truman) in a way that aligns liberalism with capitalism and places liberalism in opposition to socialism. I do so because I want liberals to win elections, and it's my sense that one can't win an election in the United States by attacking capitalism and acting as if capitalism were a dirty word.

Thanks for the response.

-Laelth

TBF

(31,922 posts)
100. Also -
Thu Mar 6, 2014, 05:03 PM
Mar 2014

Have you done any reading on the idea of resource-based economies?

Here is more food for thought: http://www.thevenusproject.com/

I see capitalism destroying this world because it is an inherently unjust system that only rewards greed and profit above all else - and I think history has proven we can't regulate it. I don't think the authoritarian types of so-called "socialism" have worked very well (with some exceptions) but that doesn't mean capitalism is what we are left with. It just means we haven't found the right alternative (or how to get there).

Laelth

(32,017 posts)
313. I think history has proven that we CAN regulate capitalism.
Fri Mar 7, 2014, 06:07 PM
Mar 2014

How else would we explain the liberal advances of FDR, Truman, and LBJ?



-Laelth

TBF

(31,922 posts)
324. Were they "advances" though?
Fri Mar 7, 2014, 06:32 PM
Mar 2014

Perhaps temporary fixes. You definitely have a fair argument - there was less economic inequality between approx 1940-1980 than we've seen at any other time. Somehow capitalism always comes charging back with a vengeance though. All the gains we had for that short period of time are gone.

Laelth

(32,017 posts)
328. Indeed. That is the question.
Fri Mar 7, 2014, 07:09 PM
Mar 2014

Some socialists in the early 20th Century actually blamed Roosevelt for preventing a socialist revolution in the United States. They saw liberalism for what it does (it protects capitalism by making it more palatable). Personally, I think revolutions are usually bloody, nasty affairs that often give rise to totalitarian governments, so I see FDR's liberal achievements as advances, but many socialists think differently.



-Laelth

TBF

(31,922 posts)
344. Yes, that is spot on re purpose of liberalism.
Fri Mar 7, 2014, 08:16 PM
Mar 2014

So far the revolutions have led to dictatorships, with varied results on the other end. The only time we really saw a revolution followed by socialism of any other variety (a more democratic model) was the Paris Commune. Sadly they were so busy voting that they weren't guarding their area and the regime lasted about 2 months until they were taken over. So, it is certainly not easy and we would be forging a new path. I still think it is worth working towards but understand your position as well and appreciate the respectful exchange of ideas.

You asked about voting and I wanted to respond to that. I don't vote with the idea of advancing liberalism but rather with the idea of helping the most amount of people (as opposed to simply helping the 1%). In my mind a socialist ticket would be preferable but I vote for democrats because we have a two party system and they are going to do more to help a greater number of people in my judgment. So far no independent party has been able to make inroads in this system so this is what we have. Maybe not an ideal choice, but a best choice given reality.

riqster

(13,986 posts)
103. Agree completely with the OP.
Thu Mar 6, 2014, 05:07 PM
Mar 2014

"Conservatives " need to read Adam Smith. I mean, really read it. Because he says much the same thing.

Laelth

(32,017 posts)
316. To be honest, it is to most Americans I know.
Fri Mar 7, 2014, 06:12 PM
Mar 2014

As I said in a post above, as much as I might like those of us on the left to look sane and reasonable and not to attack the very system that has made us the richest and most powerful nation on Earth--yes, as dumb as I think it is to attack capitalism, if I'm honest, I have to note that capitalism is already a dirty word. Try it. Just call your boss, or some rich person, a "capitalist" and watch their reactions. They'll be offended, and that's because capitalism is a dirty word and has been for some time, despite the fact that we live in a capitalist society. LOL. Marx had tremendous influence, even if most people now say they don't agree with him for X, Y, and Z reasons.

Thanks for the response.

-Laelth

Laelth

(32,017 posts)
317. Fine, but it's not terribly useful to make that argument, is it?
Fri Mar 7, 2014, 06:16 PM
Mar 2014

Personally, I want liberals to win elections, and they can't do that in the United States if they act like capitalism is evil.

Do you disagree?



-Laelth

 

Vashta Nerada

(3,922 posts)
346. Capitalism is what's wrong with the country.
Fri Mar 7, 2014, 08:19 PM
Mar 2014

Capitalists buy politicians, elections, and laws.

Fuck capitalism.

 

lumberjack_jeff

(33,224 posts)
107. Agree.
Thu Mar 6, 2014, 05:11 PM
Mar 2014

Entrepreneurialism and invention are powered by capitalism.

The problem is that capital controls government and government therefore refuses to regulate it.

Laelth

(32,017 posts)
318. When capital controls government, we call that fascism.
Fri Mar 7, 2014, 06:18 PM
Mar 2014

And I fully agree that fascism sux. Thanks for the response.



-Laelth

malthaussen

(17,066 posts)
111. Problem is, capitalism is based on a fundamental flaw...
Thu Mar 6, 2014, 05:13 PM
Mar 2014

... that of maximizing growth while ignoring the impact on limited resources and the environment.

Capitalism qua capitalism is not a dirty word, but as currently practiced it is a dirty system. As others have pointed out. Regulation would be fine and dandy if said regulations were adequate and enforced. They are neither.

The reason some want to make capitalism a "dirty word" is pushback due to making words like "liberal" and "socialist" dirty words. These ideas have been distorted by those who would seek to perpetuate the kind of unbridled capitalism that you yourself agree is poisonous.

You are mistaken in your definition of socialism. It is not "all property is owned by the state." Many, if not most, of the countries in the EU practice Democratic Socialism, which provides for private property and corporate ownership of businesses. It does, however, provide for state-run ("owned," if you like) services such as telecommunications, transportation, education, power, water, etc. The unbridled capitalist insists that privatization of such services is a more efficient way to provide them. This turns out not to be the case, and that points to the inherent flaw in capitalism, which is that it is about making money for the capitalists, and not serving the population as a whole.

-- Mal

Laelth

(32,017 posts)
320. That is a very serious problem, I agree.
Fri Mar 7, 2014, 06:25 PM
Mar 2014

We lack a viable paradigm to deal with it, however, and I'm not sure the problem is so much inherent in capitalism as it is in explosive systems (as described by Baudrillard). Baudrillard argues that the inevitable shift from our explosive system to an implosive one will be cataclysmic.

Not so sure I am ready to switch gears, personally, though I concede that we are doing serious damage to the Earth and most living things on it under the current paradigm.

-Laelth

 

closeupready

(29,503 posts)
115. I have always considered myself a liberal capitalist.
Thu Mar 6, 2014, 05:15 PM
Mar 2014

And I would not want to live in a socialist state.

fleabiscuit

(4,542 posts)
123. There is a couple of decent posts on DU regarding David Simon.
Thu Mar 6, 2014, 05:31 PM
Mar 2014

IMHO, worth a quick site search and a watch.

A paraphrase of a couple of my favorite parts.

Festival of Dangerous Ideas 2013: David Simon

7:55 ...that notion that profit is the metric by which we are going to measure the health of our society is one of the fundamental mistakes of the last 30 years. It begins, I would date it in my country, to about 1980 exactly, and it has triumphed. And ultimately the farce of this argument that seemingly where capitalism stomped the hell out of Marxism by the end of the 20th century, and was predominate in all respects. The great irony of it is that the only thing that actually works is non ideological, is impure, has elements of both arguments, and never actually achieves any kind of partisan or philosophical perfection. It’s pragmatic, it includes the best aspects of socialistic thought and of free market capitalism, and it works, because we don’t let it work entirely….

11:50.…And ultimately we abandoned that. And we believed in the idea of trickle down, and the idea of the market economy, and the market knows best. To the point where now libertarianism in my country is actually being taken seriously as an intelligent mode of political thought. It’s astonishing to me. But it is, people are saying “I don’t need anything but my ability to earn a profit. I’m not connected to society. I don’t care how the road got built, I don’t care where the firefighter comes from. I don’t care who educates the kids others than my kids. I am me.” It’s the triumph of the self. I am me, hear me roar….

tech3149

(4,452 posts)
124. I'm with you L, I've got no problem with that economic system
Thu Mar 6, 2014, 05:31 PM
Mar 2014

My problem is that left unrestrained it is a self destructive system. We've probably (at least those of us over 50) have played Monopoly. The only winner in the game ends up owning everything. That is not sustainable and will eventually crash and burn.

I dropped out of the system back in 2002 but I still have to pay the price for other peoples decisions.
I might be able to grow my own food, don't have to support parasitic industries but I still need to buy fuel that is being gamed by speculators and that is killing me.

NancyDL

(140 posts)
127. True. Unchecked, capitalism leads to a situation ...
Thu Mar 6, 2014, 05:34 PM
Mar 2014

... where the few at the top control all the wealth and most of the power. They may call themselves winners, as they would do if they were playing Monopoly. Unfortunately, as the money rises to the top, those in the bottom half of the economy lose both their ability and their incentive to buy. The market dries up. What people on the Republican Right fail to remember is that capitalism, as a system, relies on the existence of a market. When the market dries up, the game is over.

 

Bluenorthwest

(45,319 posts)
315. The Exxon Valdez spill was an avoidable accident, neccessary equipment was left
Fri Mar 7, 2014, 06:11 PM
Mar 2014

broken and unrepaired including RAYCAS radar which would have alerted impending collision, the entire crew was overworked and fatigued, the captain was intoxicated and in treacherous waters.
Less profit driven management with any sense of responsibility in charge, that spill would likely have not happened.

Laelth

(32,017 posts)
332. Hard to say, but we're stuck with it for the moment, I think.
Fri Mar 7, 2014, 07:18 PM
Mar 2014

I am suggesting we make the best of it.

Thanks for the response.

-Laelth

liberalmuse

(18,670 posts)
141. Unfettered Capitalism is, though.
Thu Mar 6, 2014, 06:00 PM
Mar 2014

GREED. In a round about way, unfettered capitalism sends a message that human beings are only as valuable as their bank accounts or the stocks they've chose to invest in. I think this is so unbelievably wrong.

 

Rex

(65,616 posts)
142. You can tell that to the children of America that died for a few table scraps.
Thu Mar 6, 2014, 06:02 PM
Mar 2014

Way down in the mines. Or are you going to pretend there was no capitalism before the turn of the last century?

Cleita

(75,480 posts)
236. One of those kids could have been my dad. He went down into the
Thu Mar 6, 2014, 08:50 PM
Mar 2014

copper and silver mines at the age of 12 in 1908. He said he got paid $1 a day. He lived in a rooming house and said he bought a meal ticket for $1 a week good for 1 meal a day from a Chinese immigrant who ran his kitchen out of a chuck wagon and another $1 for his younger brother he was taking care of. It was their only meal a day. This was in Arizona territory before it became a state. WWI actually saved him. He learned a skill to be an electrician in the army and was able to work above ground then once he came home from the war.

 

fasttense

(17,301 posts)
149. If capitalism is so great why does it need to be regulated?
Thu Mar 6, 2014, 06:10 PM
Mar 2014

If capitalism is what brings such great and wonderful things why the need to restrict and fence it in with regulations and laws? It should be able to provide us with a smoothly functioning economy without all the booms and busts that capitalism always has. It should be able to provide a good job for anyone who wants one and decent retirement. Instead you get swings of severe unemployment and the raiding of retirement funds by capitalists.

We all really know the answer. Capitalism does not work. It is no better than feudalism or slavery. It grew out of those economic systems and has all the same flaws. A few people get most of the good while the majority get most of the bad. The solution is to put in to the hands of the workers the means of production. The Soviet Union put the means of production into the hands of the state. They thought it would work because then the citizens could vote out the bad politicians. The state became the capitalist. The state decided what to do with the product, the surplus and the profits, not the citizens or the workers.

Democratic Socialism as practiced in parts of Europe is not any better. What they do is weave social services in among a capitalist economy and attempt to regulate capitalism more than in the US. The few still get most of the good out of it, just look at the British Queen. The middle class gets some basic necessities from the state like health care but even those services are being whittled away by rich capitalist who buy off politicians.

The work place needs to be democratized. The worker needs to be able to control the product and profits. That has never been tried in any country.

joshcryer

(62,265 posts)
265. That's actually why state socialism has yet to succeed.
Fri Mar 7, 2014, 01:01 AM
Mar 2014

It's so fixated on being for the people that when some gaps happen and some nefarious shit happens it's swept under the rug. It's effectively capitalism with a state monopoly (think all businesses owned by the state). It's really no different from oligarchs owning and controlling anything in the end. There's a reason state leaders and their immediately friend circles and family members benefit the most from it. And it's not some genetic desire to be "socialists" it's because that's who they trust in their circles.

To put it simply, state socialism has no regulations to any reasonable extent because those at the top get away with whatever they want.

 

fasttense

(17,301 posts)
279. The system I want needs no regulation to prevent the rich from abusing the 99%.
Fri Mar 7, 2014, 09:20 AM
Mar 2014

The system I want puts power in the hands of the majority not the elite. It puts democracy into the work place as well as in our political system.

Right now a handful of obnoxiously wealthy greedy fools are turning the planet into an inhospitable toxic stew. If the majority of people had their say, this would NOT be happening. The elite are destroying our water, air and soil quality because they own most of the wealth. They buy up our political institutions and then pass laws to expand their wealth at the cost of all of us. If we continue to allow capitalist to own the means of production they will continue to repeal and subvert all the regulations and laws that hold them back from taking the wealth of the 99%. The majority's will is subverted because capitalism is all about concentrating vast wealth into the hands of the vastly wealthy (just like feudalism and slavery). In capitalism those with the capital rule both economical and politically.

I want to take the capitalist's power away and give it to the masses. Their power lies in the economic system of capitalism.

Laelth

(32,017 posts)
341. I think we're much better off today than most Americans during the Gilded Age.
Fri Mar 7, 2014, 08:04 PM
Mar 2014

Capitalism does create wealth, and liberal, restrained capitalism does a better job of distributing that wealth than any system I have yet seen or studied.

Your experience may be different. If so, I'd like to hear about it.

-Laelth

 

fasttense

(17,301 posts)
371. But capitalism caused the Gilded Age as much as it has caused the current crisis.
Sun Mar 9, 2014, 08:26 AM
Mar 2014

So capitalism causes some really bad economic dysfunction and some less bad dysfunction?

Did capitalism really make people better off or was it the hard work of the middle class who were able to get a decent education for a change? Is it capitalism that redistributed a minor portion of the wealth (and is now concentrating it again) or simply free enterprise? There is something inherently wrong with a system that must be restrained at its foundation.

Capitalism came out of feudalism and slavery. It's foundation is rooted in 2 very flawed economic systems. Why can't we evolve out of capitalism like we did with feudalism and slavery? We can do better.

We need more democracy, lots and lots of it. We need to bring it into our workplaces. We need to introduce democracy to our economic system. Give the worker the power and control we give to citizens. Give the worker control over the means of production.

Here is a good starting place to learn about cures for capitalism. http://www.democracyatwork.info/

 

heaven05

(18,124 posts)
151. capitalism is dirty, filthy, unfair
Thu Mar 6, 2014, 06:13 PM
Mar 2014

Last edited Fri Mar 7, 2014, 12:03 PM - Edit history (1)

and in conjunction with RW politics destroys families through foreclosures and starvation. Capitalists don't want a living wage for workers because their profits, which are obscene, would be somewhat less. Capitalism has allowed corporations to take over this country and definitely determines who runs this country. Capitalism is very dirty, filthy and disgusting as a system for the weaker and vulnerable in our society. A true american capitalist will NOT allow wealth to be spread around. The corporate capitalist wants hungry people begging for their minimum wage jobs, control over the masses is kept in a few hands that way. Your idealism is honorable, but not realistic, especially given the last 14 years of american capitalism at it's best in destroying families and communities. RWers will not allow "liberal" laws to help us 99%ers. They are paid by the people they are protecting, greedy corporate capitalist. Laelth you're usually on the mark, but this time, no.

Enthusiast

(50,983 posts)
154. Laelth, a sane, just, and humane capitalism appears to be out of our reach.
Thu Mar 6, 2014, 06:15 PM
Mar 2014

The big wealthy capitalists have taken over the election and legislative process undermining "our" democracy.

Laelth

(32,017 posts)
339. I don't disagree.
Fri Mar 7, 2014, 07:57 PM
Mar 2014

But let us not despair. Personally, I am not ready to give up. I suspect you're not, either.



-Laelth

zazen

(2,978 posts)
158. check out Gar Alperovitz's "What then is to be done" about democratic ownership
Thu Mar 6, 2014, 06:18 PM
Mar 2014

as an emerging potential alternative (in 50 years) to this seeming impasse.

http://www.garalperovitz.com/abc/

marmar

(76,985 posts)
161. But that idealized capitalism is a chimera, it has never existed.........
Thu Mar 6, 2014, 06:22 PM
Mar 2014

...... and it will never exist.


delrem

(9,688 posts)
165. No, 'socialism' doesn't mean state ownership of all property.
Thu Mar 6, 2014, 06:30 PM
Mar 2014

Your statement lacks the nuance, or elementary understanding of political/economic terms, needed as basis for a reasonable discussion. All you'll be left with is a "yah, so-called 'capitalism' would be great if only it weren't what it in fact is".

Laelth

(32,017 posts)
229. I'll let Harry S. Truman speak for me on this one.
Thu Mar 6, 2014, 08:31 PM
Mar 2014

American liberals are capitalists, not socialists.

All of you, I am sure, have heard many cries about Government interference with business and about "creeping socialism." I should like to remind the gentlemen who make these complaints that if events had been allowed to continue as they were going prior to March 4, 1933, most of them would have no businesses left for the Government or for anyone else to interfere with — and almost surely we would have socialism in this country, real socialism.

- Harry Truman in Detroit (14 May 1950), as recorded in Good Old Harry.

http://en.wikiquote.org/wiki/Harry_S._Truman


-Laelth

fishwax

(29,146 posts)
184. Capitalism fails without socialist reforms/checks
Thu Mar 6, 2014, 06:57 PM
Mar 2014

Minimum wage, child labor laws, collective bargaining, a progressive income tax--all attacked as socialism, and that list barely scratches the surface.

Laelth

(32,017 posts)
227. Those programs have been called "socialist."
Thu Mar 6, 2014, 08:27 PM
Mar 2014

But they're not. They're liberal. The right throws out the term "socialist" for rhetorical effect, but it's all baloney. As Truman said:

All of you, I am sure, have heard many cries about Government interference with business and about "creeping socialism." I should like to remind the gentlemen who make these complaints that if events had been allowed to continue as they were going prior to March 4, 1933, most of them would have no businesses left for the Government or for anyone else to interfere with — and almost surely we would have socialism in this country, real socialism.

- Harry Truman in Detroit (14 May 1950), as recorded in Good Old Harry.

http://en.wikiquote.org/wiki/Harry_S._Truman


-Laelth

fishwax

(29,146 posts)
247. nah, they were socialist
Thu Mar 6, 2014, 10:04 PM
Mar 2014

The progressive income tax and public education, for instance--key planks in the Communist Manifesto (though communism and socialism aren't precisely the same thing).

 

frwrfpos

(517 posts)
188. Capitalism is based on profiting off of other people
Thu Mar 6, 2014, 07:03 PM
Mar 2014

Capitalism is a economically violent system that not only condones but actively encourages what I believe is the worst human trait, greed.

Capitalism is literally based upon ripping people off. Its an awful system. Socialism is by far preferable to Capitalism. and no, Socialism is not state ownership of all property. That would be communism.

 

Rex

(65,616 posts)
192. It is sad watching someone get socialism and communism mixed up.
Thu Mar 6, 2014, 07:10 PM
Mar 2014

Sad, because it is the same mistake I hear RWingers make all the time.

 

Rex

(65,616 posts)
212. No offense, but it is true. I see that mistake made all the time here in Texas by RWingers.
Thu Mar 6, 2014, 07:52 PM
Mar 2014

I don't for a minute think you are a RWinger...I like most of the things you post they seem real progressive.

Call it a pet peeve of mine or just ignore me.

Up to you.

Laelth

(32,017 posts)
325. It's all good.
Fri Mar 7, 2014, 06:34 PM
Mar 2014

As I said to a poster above, I am not terribly interested in the "true" definitions of these words: socialism, liberalism, and capitalism. My purpose is purely pragmatic. I am defining liberalism (as did Harry S. Truman) in a way that aligns liberalism with capitalism and places liberalism in opposition to socialism. I do so because I want liberals to win elections, and it's my sense that one can't win an election in the United States by attacking capitalism and acting as if capitalism were a dirty word.

Thanks for the discussion.

-Laelth

 

Rex

(65,616 posts)
326. I see that now and appreciate the elaboration, which makes (for me) your OP make a lot more sense.
Fri Mar 7, 2014, 06:42 PM
Mar 2014

I've never been one to rally against tools. I've never actually blamed capitalism for societies ills...same as I would never blame a gun for what someone might do with it. It is ALWAYS, ALWAYS the people that use the tools that are at fault. Good or bad.

So if you are pitting liberalism and socialism against each other...what do you think social safety nets are and what about the indirect way Americans help each other daily...without intention? We all have a social contract and it keeps us fed and our cars full of gas. What you describe is a 'social democracy' imo...which I am TOTALLY for! Call it a 'liberal democracy' if we are not using absolutes here...but I DO think you and I are on the same page on this.

Capitalism is only as good as the people that use it and abuse it. SOME people have turned the word into a very DIRTY notion. Yet I've always thought a well regulated economy is a productive one for all it's citizens!

Laelth

(32,017 posts)
327. If I were to re-write the OP now, I'd do a much better job.
Fri Mar 7, 2014, 07:03 PM
Mar 2014

I've been thinking about this topic for a full 24 hrs. and have gotten better at explaining my purpose and intent. LOL.

Cheers!

-Laelth

Laelth

(32,017 posts)
201. I know. Their understanding of political theory is often limited.
Thu Mar 6, 2014, 07:32 PM
Mar 2014

But I encourage you to keep fighting the good fight. Speaking for myself, I am not a socialist. I am a liberal, and that means I want to save capitalism from its own excesses. Right now, we're seeing a lot of excesses, and if we don't do something about it soon, we'll be headed for revolution.

Just as they're about to get their heads lopped off at the guillotine, I suspect the right-wingers you mention will come to realize that the "liberals" they disparaged really were trying to save them from their own reckless greed. At that point, it will be too late.

-Laelth

JoePhilly

(27,787 posts)
214. From what I read above, some on the left might lop off your head for daring ...
Thu Mar 6, 2014, 07:54 PM
Mar 2014

... to recite such blasphemy.

But generally, I agree with you ... much like there should be "well-regulated militias", there should be "well-regulated markets".

Good luck with these views here. I once got into a heated debate on DU about whether one should be able to own any private property at all.

 

WhaTHellsgoingonhere

(5,252 posts)
217. As with the judiciary, there are two systems...
Thu Mar 6, 2014, 08:03 PM
Mar 2014

...one for the rich and another for the rest of us.

There is nothing but reward for the rich; at worse, they'll lose some walking around money.

The rest of us can lose everything.

Faryn Balyncd

(5,125 posts)
221. Is what we currently have "capitalism"?
Thu Mar 6, 2014, 08:11 PM
Mar 2014

One aspect of capitalism is a financial return to those who save and invest capital.

The capitalists of this country increasingly are average Americans who through their pension funds and other vehicles provide the capital for American industry. Since 1950, the proportion of the stock market owned by institutional investors has risen from 7-8% of the market to about 67% in 2010. The true capitalists, those whose savings provide the capital for American industry are not those in corporate board rooms, but are increasingly the teachers whose retirement funds are invested via the California Teachers Retirement System, or your next door neighbor who invests her 401K, IRA, or SEP-IRA in Vanguard or Fidelity mutual funds.

Yet the fruits of our system are being diverted from these providers of capital to those in control.

While the historical return on stocks in the last century, adjusted for inflation, averaged slightly over 12%, since the turn of the millenium the return to investor/savers has been 1.17% adjusted for inflation. This includes the boom year of 2013. The annualized return from 2000 through 2012 (excluding 2013), adjusted for inflation, was a NEGATIVE 0.79%.

Where are the fruits of American business going, if not to the capitalists and the workers?

To those at the top. The ratio of CEO compensation to worker compensation, according to Bloomberg, is up 1000% since 1950, and 2/3 of this expansion has occurred since 2000 (during which time the average CEO/worker pay multiple has increased from 120:1 to 200:1).



It would seem that if we truly had a system of capitalism, that the capitalists --- the savers and investors who put up the funds without which American enterprises would not exist --- would be rewarded appropriately.

And in a system of democratic capitalism (or liberal capitalism), capitalists, workers, and customers would ALL benefit.

But is "capitalism" the most descriptive term for our current system in which worker and middle class wages are eroded, the capitalist savers investing via their Teacher Retirement Fund, or through mutual funds in their IRA or self-employed SEP-IRA receive less than 1% real return (and less than 1/10 the historical return during the century of TR, FDR, Eisenhower, Kennedy, LBJ, and Clinton), and whose CEO/worker pay ratio has risen 1000% since 1950?

Is this truly "capitalism"?

Or is some other term ("Mafia Capitalism", "Pirate Capitalism", "Mercantilism", "Neo-Feudalism", "One Per-Centism", "Thuggism", "CEOism", "Managerial Rape"......) perhaps more accurate?











Faryn Balyncd

(5,125 posts)
348. Are you familiar with the work of Charles M. Kelly, Laelth?
Fri Mar 7, 2014, 08:57 PM
Mar 2014



Mr. Kelly's discussion of what he terms "pseudo-capitalism" on this page:

http://democraticcapitalism.net/

is interesting.



As is his page on "How to Combat Republican Half Truths":

http://www.kellysite.net/halftru.htm



It would appear that what Kelly terms "democratic capitalism" has much in common with the liberal, sane capitalism you discuss in your OP. . . . Kelly (and NOT today's pseudo-capitalist, pseudo-conservative Republican Party) is also in line with the capitalism of Adam Smith, who:


- - - "railed against monopolies and the political influence that accompanies economic power",
- - - "worried about the encroachment of government on economic activity, but his concerns were directed at least as much toward parish councils, church wardens, big corporations, guilds and religious institutions as to the national government",
- - - "was sometimes tolerant of government intervention, especially when the object is to reduce poverty'',
- - - "supported universal government-financed education because he believed the division of labor destined people to perform monotonous, mind-numbing tasks that eroded their intelligence, not because education led to economic gain."



(Adam Smith's actual words supporting of regulation of monopolies, government intervention to reduce poverty, and the then unheard of universal government financed education are in the lower section of this post:
http://www.democraticunderground.com/10023707828



I think the Democratic Party would do our society a service by pointing out that the Gangster Capitalism of today's conservatives is an un-American perversion of capitalism. . . And that it was under the democratic capitalism of TR, FDR, Ike, JFK, and LBJ that America thrived.








Cheers.
















Bucky

(53,795 posts)
232. I mostly agree with you. It the fetishizing of unfettered capitalism that creates economic chaos
Thu Mar 6, 2014, 08:39 PM
Mar 2014

Capitalism is just a recognition that market forces exist in the natural economy. Even in the most purely communist economy, capitalism exists and thrives, if mostly under cover of the black market. One reason it's our country trying to foist a global economic empire on the 3rd world is that the American blend of capitalistic and socialistic forces was a particularly effective combo in the last half of the 20th Century.

Capitalism works because supply and demand works. Just like socialism works in America in ensuring that the problems created by capitalism get cleaned up and repaired before they fester.

blackspade

(10,056 posts)
246. Your understanding of capitalism is flawed
Thu Mar 6, 2014, 10:00 PM
Mar 2014

There are three general forms of capitalism: State capitalism (like the old USSR), regulated capitalism (socialism)' and private capitalism (free enterprise).

You appear to be advocating socialism which is capitalism regulated for the benefit of all people.
But capitalism is not fundamentally compatible with democracy because democracy stops at the door of the workplace. As liberals, we should all be working towards democracy, both at work and civic life.

That said, as an interim step I'm all for your socialist vision.

 

NuclearDem

(16,184 posts)
258. Agree with you on almost everything.
Fri Mar 7, 2014, 12:25 AM
Mar 2014

Just not this:

regulated capitalism (socialism)


Socialism and capitalism are by definition not the same thing. Socialism isn't just capitalism with regulations in place. That may be a mixed economy, but it's not socialism.

Socialism socializes the means of production; it makes the economy one of production for use. Capitalism makes an economy one of production for profit. Additionally the worker-employer relationship is vastly different; wage labor in capitalism, cooperative economics and economic democracy in socialism.

Again, mostly good post, but have to clarify that socialism isn't just regulated capitalism. It's a radically different system.

blackspade

(10,056 posts)
263. I was trying to use modern terminology for 'socialism'
Fri Mar 7, 2014, 12:56 AM
Mar 2014

I should have been more clear. But, yes you are correct.

Worker economic and civic democracy is socialism in it's classic Marxist sense.

 

lumberjack_jeff

(33,224 posts)
268. I think you made up those definitions on the fly.
Fri Mar 7, 2014, 01:03 AM
Mar 2014

At any rate, they're wrong. When the government owns the means of production (e.g. British Leyland), you have socialism. It's not "regulated" except in the sense that I regulate my own whims, desires, decisions and actions. If the regulator is the capitalist, you're not seeing regulation, you're seeing autonomy.

blackspade

(10,056 posts)
270. Wrong in what way?
Fri Mar 7, 2014, 01:24 AM
Mar 2014

Because you say so?
I'm basing my definitions on books by Richard Wolff.
How about you? Or is your gibberish just 'made up on the fly?'

 

lumberjack_jeff

(33,224 posts)
280. There's no need for "regulation" in a socialist economy.
Fri Mar 7, 2014, 11:28 AM
Mar 2014

Because the regulators are the ones making the business decisions.

The Wiki definition is as good as any;

Socialism is a social and economic system characterised by social ownership of the means of production and co-operative management of the economy,


This is a situation that carries its own set of risks. Why would a government enact strict environmental rules (for instance) when their own direct revenue is jeopardized by them? Would the Keystone pipeline be more or less likely to happen if the government owned the oil?
 

NuclearDem

(16,184 posts)
281. You're confusing socialist and state capitalist.
Fri Mar 7, 2014, 11:59 AM
Mar 2014

The problem you describe is one of state capitalism. China's a perfect example. What you've described as socialist (a system of production for use, i.e. Amtrak) is actually state capitalist (a system of production for profit, where the state controls the means of production instead of private entities, i.e. if Amtrak was used as a revenue stream for the US).

Laelth

(32,017 posts)
334. I don't like your definitions, for reasons expressed above, but yes.
Fri Mar 7, 2014, 07:32 PM
Mar 2014

I am advocating what you call socialism and what I call liberalism.



-Laelth

blackspade

(10,056 posts)
349. This has been a very stimulating conversation actually.
Fri Mar 7, 2014, 09:42 PM
Mar 2014

I think that definitions are the root of most of the contentions in this thread.

That said, I ultimate desire is that we move beyond the volatility and crisi that is inherent within the structure of capitalism. The only way to do that is to democratize the workplace so that the workers determine how the surplus of their labor is allocated. However, I am not so nieve that it will have to be a gradual change at first and that it will be fought tooth and nail by the money classes in this country.

Deep13

(39,154 posts)
251. Capitalism is a practice, not a belief system.
Thu Mar 6, 2014, 10:48 PM
Mar 2014

If you are not a major shareholder of a large corporation, you are not a capitalist. Capitalists own the means of production. The word "capitalism" actually is a pejorative term coined by Marx as a put-down for the industrialist class.

Liberals are what you say they are. They support the existing system, but hope to tweek it to curb its excesses. That's why I am not a liberal. It has too much in common with conservatism.

Laelth

(32,017 posts)
335. I hear you, and I am aware of Marx's use of the word.
Fri Mar 7, 2014, 07:39 PM
Mar 2014

You may note that anyone who has a pension fund or a 401K is now a capitalist. This feature of post-modern capitalism stretches the original definition a bit such that most Americans are, in fact, capitalists themselves. That said, I call myself a capitalist not because I have capital, but because I participate in and benefit from this system. I'm trying to own my own complicity and take responsibility for it (with the hope of improving it). I am encouraging others to do the same.

Hope that makes sense.

-Laelth

Deep13

(39,154 posts)
355. ownership means control and dominion.
Fri Mar 7, 2014, 11:23 PM
Mar 2014

Only major shareholders have control over the means of production and, there, are the only capitalists. Holders of 401k or other small retirement accounts do not constitute controlling the means of production, so we are all still just proletariat, even if on paper we may own some tiny fraction of a some corporations.

MFrohike

(1,980 posts)
273. Sheesh
Fri Mar 7, 2014, 01:42 AM
Mar 2014

That's a bumper-sticker level debate. You could at least make a token effort to define the terms. You could discuss whether the word capitalism even means anything these days, given that it's regularly used to label what used to be called commerce. You could discuss the American experience with socialism, which can be construed either narrowly or broadly. You could do all of those things and much more. It's sad that you choose to confine it to such an unthinking level.

I don't much care what conclusion you reach, but this type of argument is just boring. I'd expect to see this level of thinking on CNN, home of mediocrity, than on DU.

Laelth

(32,017 posts)
338. Perhaps, but context is relevant here.
Fri Mar 7, 2014, 07:52 PM
Mar 2014

You are probably unaware that this thread is a response to the following:

let's make capitalism a dirty word

My purpose was to suggest that "making capitalism a dirty word" is a bad strategy for liberals. As I said to a poster above, I am not terribly interested in the "true" definitions of these words: socialism, liberalism, and capitalism. My purpose is purely pragmatic. I am defining liberalism (as did Harry S. Truman) in a way that aligns liberalism with capitalism and places liberalism in opposition to socialism. I do so because I want liberals to win elections, and it's my sense that one can't win an election in the United States by attacking capitalism and acting as if capitalism were a dirty word.

-Laelth

MFrohike

(1,980 posts)
340. Oh, I got the context
Fri Mar 7, 2014, 08:02 PM
Mar 2014

The context isn't some other thread, but a bumper-sticker slogan for a campaign. You've attempted to define an undefined-as-of-yet political ideology by reference to an as-yet-undefined political/economic system. I get the point of what you're doing, I just think it's pointless given the forum. This is a message board, not a campaign. I think it'd be better to have an open discussion and get a better handle on one's own opinions through give and take rather than just chant empty slogans.

Laelth

(32,017 posts)
342. Feel free to hide the thread if you don't like it.
Fri Mar 7, 2014, 08:06 PM
Mar 2014

No need to take a dump on my work, is there?



-Laelth

MFrohike

(1,980 posts)
354. Sigh
Fri Mar 7, 2014, 10:19 PM
Mar 2014

I really do get too heavy-handed at times. That's my fault.

You started an argument over labels with no substance. I'd prefer to see an argument over the substance because label arguments are for TV and bumper stickers. Put simply, don't be mediocre like everyone else and argue over empty slogans. Be better.

liberal_at_heart

(12,081 posts)
274. The problem is that any criticism of capitalism is considered communistic by people who love
Fri Mar 7, 2014, 01:45 AM
Mar 2014

the current capitalistic system. Personally, I lean more towards the socialist side especially on social contracts like health care, education, unemployment, retirement, and infrastructure.

TheKentuckian

(24,949 posts)
275. All talk about the success of capitalism is based on a small exceptional period
Fri Mar 7, 2014, 03:18 AM
Mar 2014

We are supposed to ignore this, how quickly it was reversed, that we cannot replicate the time of low hanging fruit resource wise, that capitalism seems to abide by its own rules - works best when it has real competition, how difficult it is to regulate and how easily such regulation is undone, nor does it address capital capturing government at all which creates a situation similar to the state capitalism of the Soviet Union but perhaps a bit less gentle for the masses yet more hopeful with the bootstrap meritocracy legends and a lottery tickets chance of making it big on something.

Refusal to cop to problems until solutions are available has always been something I considered to be deeply flawed thinking. No one need be a structural engineer to grasp that the house is falling down.

You can't regulate the system into something at odds with its fundamental principles. We need to back of the near religious fixations with systems which are really just tools to distribute resources. Different aims require different tools and on our current track we will see (and do already) see capitalism become almost wholly inefficient at providing for the masses because of ever diminishing avenues to access money without having money as the need for labor shrinks.

We also have to consider that accessible resources are not infinite but think the only answer is a system that requires infinite growth.

No shame in calling out the problems so solutions can be sought by more and more as awareness increases. We are greater than the sum of our parts, which is something ill considered by the direction of the OP it seems to me.

 

RobertEarl

(13,685 posts)
299. Most people don't even know the meaning
Fri Mar 7, 2014, 05:21 PM
Mar 2014

No wonder this country is so screwed. We have people who willingly participate in the capitalist system and they don't even know what capital is or how it is they use capital.

There are these things called dictionaries. They tell us the definitions of words. Look up the word capital.

Until people can grasp what capital is, all this talk about capital and how bad it is and how awful capitalists are is just stupid ignorant rantings.

WatermelonRat

(340 posts)
300. It's often forgotten that Liberalism is a capitalist ideology.
Fri Mar 7, 2014, 05:21 PM
Mar 2014

I think the problem is that some people equate capitalism to unrestrained corporatism, which isn't necessarily the case. It's quite possible for a society to have a decent social safety net, workers unions, and environmental regulation while still being capitalist.

Hippo_Tron

(25,453 posts)
337. Social democracy like they have in Western Europe is basically the best thing that's been tested...
Fri Mar 7, 2014, 07:50 PM
Mar 2014

But it's not the be all end all. There's still poverty in those countries and much of their wealth comes at the expense of the third world.

Raksha

(7,167 posts)
350. Speak for yourself! In my world, capitalism *IS* a dirty word.
Fri Mar 7, 2014, 09:59 PM
Mar 2014

It's amazing how much more liberated I feel since I "came out" as a socialist, and how ashamed I am that I didn't do it decades earlier.

If liberals are capitalists as you say, then I was mistaken to ever call myself a "liberal." And YES, I am aware that it's one definition of classical liberalism.

BTW, I was unaware that socialism has to mean "state ownership of all property." If I'm not mistaken, people own their own homes and businesses in socialist countries like Sweden.

Laelth

(32,017 posts)
360. In my book, Sweden is not a socialist country.
Sat Mar 8, 2014, 08:31 AM
Mar 2014

In fact, there are no socialist countries left on Earth (although China remains closest to a socialist state). In this thread, you will see several definitions of socialism thrown around (state ownership of all property, worker ownership of the means of production, etc.), but countries like that no longer exist. Upthread, you can see someone refer to a nation like Sweden as a "social democracy." Fine, but it's still a capitalist country with a capitalist economy. It just has strict, liberal controls. People still own their own homes, and individuals still own stock in companies like SAAB. That makes them capitalist in nature, not socialist. They just happen to be liberal capitalist countries.



-Laelth

soflo80

(8 posts)
364. Sweden uses a capitalist economic model
Sat Mar 8, 2014, 12:25 PM
Mar 2014

Sweden does not use the socialist or communist economic model. In Sweden, you can start your own private business. In fact, their corporate tax rates are lower than in the United States. There is no forced worker controlled means of production or State-owned means of production for private businesses. The State does not go around seizing businesses and setting price controls below profit margins in places such in Venezuela, with the ruling Socialist Party.

The truth is that socialism and communism have repeatedly failed in history. They are unable to create wealth. They inhibit entrepreneurship. You can rail against the profit motive as much as you want but without a profit motive many people are not going to risk starting new businesses, create new products, or invent innovations.

The sooner left ditches the rally cries of "DOWN WITH CAPITALISM" the better. It's really alienating a lot of people who understand or witness the failures of socialism and communism. A well-regulated, fair free market economy creates the most wealth and prosperity for the majority of people.

Romulox

(25,960 posts)
376. When our "capitalists" lose money, our government runs in to bail them out. That's not "capitalism"
Mon Mar 10, 2014, 09:41 AM
Mar 2014

it's cronyism.

Laelth

(32,017 posts)
377. You'll get no argument from me on that.
Mon Mar 10, 2014, 09:45 AM
Mar 2014

What he have now is borderline fascism (unity of corporate and government power). That's not the kind of sane, just, and humane capitalism I seek ... to be sure.

-Laelth

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