Does Capitalism need a tweak?

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Re: Does Capitalism need a tweak?

Post by mistermack » Tue Aug 03, 2010 11:57 am

FBM wrote:
mistermack wrote:Does Capitalism need a tweak?

It's been working well now for many years...
This is where you lost me.
Ok, replace "well" with "better than any other system on Earth".
I can't vouch for other planets.
We all use Capitlism mixed in with taxation and some social programs.
It's the best so far. Hence the 'tweak' in the title, not 'abandon'.
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Last edited by mistermack on Tue Aug 03, 2010 12:00 pm, edited 1 time in total.
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Re: Does Capitalism need a tweak?

Post by Meekychuppet » Tue Aug 03, 2010 11:59 am

I think the problem with the capitalism we have now is that, certainly in America, it is looking increasingly like a Plutocracy.
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Re: Does Capitalism need a tweak?

Post by mistermack » Thu Aug 05, 2010 2:55 pm

This is what I mean by capitalism needing a tweak. Forty billionaires giving half of their wealth to charity. They clearly accept that the gap between rich and poor has gone too far, and they should know :
http://rationalia.com/forum/viewtopic.php?f=22&t=15461
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Re: Does Capitalism need a tweak?

Post by PsychoSerenity » Thu Aug 05, 2010 3:05 pm

MarkS wrote:Trouble is, the rich make the law.
+1

I'd say more than a tweak, mistermack. More like a complete overhaul, to the extent that you couldn't call it capitalism any more. But it would probably have to be a global system for it to really work. And while the internet, and world-wide travel, has massively increased the rate at which different cultures can learn to get along, I don't think we're there yet.
[Disclaimer - if this is comes across like I think I know what I'm talking about, I want to make it clear that I don't. I'm just trying to get my thoughts down]

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Re: Does Capitalism need a tweak?

Post by Feck » Thu Aug 05, 2010 3:19 pm

Last time I worked I got paid £5 an hour I earned for my boss between £90 and £500 an hour depending on what I was doing !

Add onto that the layers and layers of share traders , futures traders , insurance traders and currency speculators all taking their 10% and producing ............ NOTHING Then HELL YEAH capitalism needs an overhaul ,not just a tweak .
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Re: Does Capitalism need a tweak?

Post by mistermack » Thu Aug 05, 2010 3:35 pm

It won't happen, because any country that attempts to take a little off the super-rich gets a flood of capital out of the country. In years gone by, you would have to ship it out in crates. Now it's done in seconds with a click of a mouse. That's what's changed.
The only way it could change is if the major economies agreed to make it change. After all, capital is useless if you can't spend it. So if the big countries refused to admit capital that didn't come with a "tax paid" certificate, it would be worthless.
Tax havens would then be a thing of the past.
Of course it won't happen, but wouldn't it be nice!
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Re: Does Capitalism need a tweak?

Post by RuleBritannia » Thu Aug 05, 2010 4:17 pm

In the 1400s people were asking - "Does Feudalism need a tweak?" Problem was, it was the wrong question.
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Re: Does Capitalism need a tweak?

Post by sandinista » Thu Aug 05, 2010 6:00 pm

capitalism doesn't really need a tweak. It is operating as it should be operating. It "works"...for the wealthy.
Psychoserenity wrote:
MarkS wrote:Trouble is, the rich make the law.
+1

I'd say more than a tweak, mistermack. More like a complete overhaul, to the extent that you couldn't call it capitalism any more. But it would probably have to be a global system for it to really work. And while the internet, and world-wide travel, has massively increased the rate at which different cultures can learn to get along, I don't think we're there yet.
Thats pretty much correct. Capitalism is not the end of history...as most capitalist would have you believe. It will be replaced, no doubt.
Meekychuppet wrote:I think the problem with the capitalism we have now is that, certainly in America, it is looking increasingly like a Plutocracy.
Not "looking", it is, well...more like a corporate oligarchy. Elections and such are pure shams. I think most thinking people know that now.

Some good posts here on this thread. :tup:
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Re: Does Capitalism need a tweak?

Post by AnInconvenientScotsman » Thu Aug 05, 2010 7:49 pm

Capitalism is shit, end of story. It's gotten to the point where workers are being denied their rights in the richest countries as well as the poorest.

For example, Primark, in the UK, have no accident logs, so any employee taking the company to tribunal has no proof of any accident caused by a health and safety breach. Such logs are legally mandatory in the UK, but despite it being widely known that Primark and other retail firms ignore this law, no action is taken by the courts or police. It's just one of many examples of breaches in worker's rights in the UK, especially after the unions were effectively disarmed by Blair. Capitalism is a total fuck-up.
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Re: Does Capitalism need a tweak?

Post by Trolldor » Thu Aug 05, 2010 8:16 pm

Capitalism is the worst possible way of managing finance... with the exception of all other ways.


Failure to regulate is not a symptom, or a necessary component of capitalism. It is the failure of the electorate to exercise a little critical literacy and the failure of the Government to exercise a little backbone.
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Re: Does Capitalism need a tweak?

Post by sandinista » Thu Aug 05, 2010 8:20 pm

It's actually neither, its because corporations own the government which equals failure to regulate.
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Re: Does Capitalism need a tweak?

Post by Horwood Beer-Master » Thu Aug 05, 2010 10:31 pm

mistermack wrote:
Horwood Beer-Master wrote: Just curious, but why is capitalism "matching human nature" seen as an argument for keeping capitalism, rather than an argument for changing human nature. :dono:
I'm sure there's a joke in there somewhere, but I can't quite make it out.
So in case you're serious, how do you propose doing that? Gene manipulation?
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No joke at all.

There seems to be a ridiculously clichéd lazy assumption I frequently encounter in many topics of discussion relating to politics or economics that "you can't change human nature".

Bullshit.

A glance through history, or across the multitude of present day cultures shows that in many ways "human nature" is extremely subject to change and manipulation. Peoples basic values and motivations are very dependant on both cultural upbringing and immediate personal circumstance (included in which is a persons internal narrative). All of this should be blatantly obvious when you consider, for example, that those who carried out the atrocities in Auschwitz were just as much humans as those that resolved that such things should never happen again.

Which isn't to say that some elements of human nature aren't more 'innate' or 'fundamental' and less alterable to change. Different elements lie on different points of the spectrum between being so easily changed that they are pretty much entirely culturally dependant, to being so innate that they almost universally present nearly anywhere you look, and are very highly resistant indeed to showing significant cultural variation.

But even universal human motivations that are clearly strongly biologically hardwired with an obvious evolutionary origin, can clearly show massive culturally dependant variation in how strongly people are driven by them.
Take male sexual jealousy for example. No sane informed person denies it has a biological basis or on obvious evolutionary cause, and it's clearly a human universal (half the literature ever written would be very different without it), and yet despite this, a different cultural upbringing can have a staggering impact on not only the degree and manner to which a man acts on sexual jealousy but even to the degree he even feels it in the first place.
A man brought up in say an Islamic, or other "honour" culture, can quite easily be brought to (possibly murderous) rage by a mere unsubstantiated suspicion that his wife may be acting towards men in a way which might be interpretable as mildly flirtatious. Whereas a man brought up in secular western society may well be forgiving, or in some cases totally accepting (to the point of encouragement) of his wife or partner actually having sex with other men.
Is the difference between two such men biological? Clearly not. And nor is the difference merely in how the men chose to act, it's in how they actually feel. Sexual jealousy is clearly one of those "use it or lose it" things. If you allow yourself (or are encouraged by others) to succumb to jealous impulses, you will end-up feeling these impulses more and more strongly. If on the other hand you tell yourself (or are encouraged to) not let these impulses get to you, you'll increasingly find it's easier and easier to do so, potentially to the point where a jealous impulse simply no longer arises in you mind to begin with.

I strongly suspect that everything I've just said about male sexual jealousy is true to a varying degree of every other element of our "human nature", in other words to every other value or very other motivating drive/impulse we have.


So how does this feed back to the discussion? Since human nature is changeable, it stands to reason (and indeed is demonstrated through history) that society is also changeable, but because different elements of human nature vary in their malleability, with certain elements being extremely resistant to change, it also stands to reason that certain social/economic set-ups are more 'stable' than others, and these more stable forms of society exert to a varying degree a kind of 'gravitational' pull towards them.

Now people who parrot the "you can't change human nature" argument often argue that capitalism is some 'ultimate' kind of society towards which human impulses will always inevitably drag us, but I prefer to see it as just sitting a the bottom of one (particularly deep) gravity well. Deep - yes, but not a black hole. And like any body below the Tolman–Oppenheimer–Volkoff limit there must potentially be an achievable escape velocity. It must in theory be possible, by a change in our current human nature, to 'move' our society out of this gravity well and into the gravity well of a different kind of stable society driven by different values and motivations then our current one.

So yes I do propose we change human nature, and no I don't think it requires gene manipulation.

Which is not to say incidentally that I have any a priori objection to the idea of changing human nature by gene manipulation. It's an idea for which I can see both potential pitfalls and potential benefits. No reason the idea should be held off-limits. :dono:
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Re: Does Capitalism need a tweak?

Post by Horwood Beer-Master » Thu Aug 05, 2010 10:32 pm

I hadn't intended to waffle-on quite so much in that post. I hope the gist is still comprehensible.
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Re: Does Capitalism need a tweak?

Post by sandinista » Thu Aug 05, 2010 10:51 pm

:potd: I concur, the whole "human nature" argument is such shit. People just use it to justify oppression, capitalism, war, etc.
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Re: Does Capitalism need a tweak?

Post by Tero » Thu Aug 05, 2010 11:45 pm

Capitalism only works with growth. When population no longer grows, it sputters to a disaster with lots of unhappy people.

Then a bunch die.

Then we can have capitalism again! :ab:

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