23 Things They Don’t Tell You About Capitalism

[Coito ergo sum]

Figures that comes from "zcommunications."

Yea, wouldn't want to reference a web site whose contributors are almost all professors, lecturers and authors. No, wouldn't want that.

You wouldn't know it by the moronic nature of the material in the OP.

A shining validation of the credibility of Znet if you think it's moronic.

Come on, sandinista. Nobody can think the nonsense in those paragraphs you posted is a meaningful statement regarding capitalism. Really? What "they" don't want us to know about capitalism, followed by a monumental straw man? It's borderline retarded.

[.Morticia.]

You know what would be really helpful?

If governments all over the world stopped spending a huge proportion of the budget on guns and war.

We could do so if the leftists, Marxists, Communists, collectivists and other various forms of dependent-class redistributionists would all drop dead of their own accord.

Since they won't, and since they are largely responsible for fomenting violence in the world, and have been for a long, long time, it's necessary to keep armies and spend money on defense in order to put down radical socialist revolutionary dictators and wannabees. Sadly, lethal force seems to be about the only way to prevent them from completely destroying the planet's economy.

In the end, it's their fault though. They could just give up their pretensions of totalitarianism and start respecting the rights of other individuals, and they could stop depending on others to slave for their benefit and take responsibility for their own actions. But they won't.

So, we have to fight, because surrender to collectivism is not a civilized or rational option.

You have a tiny dick don't you?

[Santa_Claus]

The "secret" to Capitalism is:-

1) Cheap Labour
2) Cheap Resources / Energy
3) Cheap Capital

and by "cheap" below there true market value - if the game was played on a level playing field. Remove one and you have a Recession, remove two and you have a Depression. Remove 3 and you are............here.

[HomerJay]

Government's only legitimate role in the markets is as a policeman to reduce and prosecute instances of force and fraud that violate free market principles. Nothing more. It's really pretty simple.

mmm monopoly.

[Seth]

You know what would be really helpful?

If governments all over the world stopped spending a huge proportion of the budget on guns and war.

We could do so if the leftists, Marxists, Communists, collectivists and other various forms of dependent-class redistributionists would all drop dead of their own accord.

Since they won't, and since they are largely responsible for fomenting violence in the world, and have been for a long, long time, it's necessary to keep armies and spend money on defense in order to put down radical socialist revolutionary dictators and wannabees. Sadly, lethal force seems to be about the only way to prevent them from completely destroying the planet's economy.

In the end, it's their fault though. They could just give up their pretensions of totalitarianism and start respecting the rights of other individuals, and they could stop depending on others to slave for their benefit and take responsibility for their own actions. But they won't.

So, we have to fight, because surrender to collectivism is not a civilized or rational option.

You have a tiny dick don't you?

Bend over and spread 'em and find out....

[Seth]

The "secret" to Capitalism is:-

1) Cheap Labour
2) Cheap Resources / Energy
3) Cheap Capital

and by "cheap" below there true market value - if the game was played on a level playing field. Remove one and you have a Recession, remove two and you have a Depression. Remove 3 and you are............here.

Circular reasoning. Market value is set in part in reference to the availability and cost of labor, resources/energy, and capital. Capitalism, through free market functions, shifts to accommodate deficiencies in any of the three, thus restoring the balance.

Central planning cannot begin to predict the needs of a complex society with any accuracy, much less allocate resources properly to mitigate shortages in any of the areas you mention because no central planning bureaucrat can possibly account for all of the billions of individual transactions that take place every day that make the free market function so well and so robustly.

Central planning always reflects the interests and opinions of the planners, not necessarily the needs and desires of the economy. We saw how poorly central planning worked in the Soviet Union, where it failed miserably, all the more so for being combined with socialist "equality of outcome" egalitarian propaganda and ideology.

[.Morticia.]

I've learnt all I need to know from your posts .

[Santa_Claus]

The "secret" to Capitalism is:-

1) Cheap Labour
2) Cheap Resources / Energy
3) Cheap Capital

and by "cheap" below there true market value - if the game was played on a level playing field. Remove one and you have a Recession, remove two and you have a Depression. Remove 3 and you are............here.

Circular reasoning. Market value is set in part in reference to the availability and cost of labor, resources/energy, and capital. Capitalism, through free market functions, shifts to accommodate deficiencies in any of the three, thus restoring the balance.

For Capitalism to succeed the game needs to be rigged. Labour needs to be coerced into accepting low wages and poor working conditions. Cheap Capital comes from the Banking system literally creating money (if the only Capital available was from profits or Wealth creation there would be a lot less available - and expensive). Cheap Resources comes from keeping other countries in poverty - otherwise it would be like buying from Microsoft.........there is a virtuous (?!) circle for all 3 - but remove 1 leg and the system falls over.

BTW I am by nature a Freemarketeer and firmly beleive that Capitalism is essential for a society to progress, but it's a tool of man to ne harnessed and controlled - should not be an object of worship as it will eat it's own young (you & me).

Communism cares - but doesn't work
Capitalism works - but doesn't care

[Svartalf]

You forget the first thing about capitalism (and economic science in general) Sandi : it relies on actors that are godlike in how perfectly they are informed and how rationally they apply that information...

in other words, capitalism works in computer economic simulations and games, but not in real life as lived by real human beings.

[Seth]

The "secret" to Capitalism is:-

1) Cheap Labour
2) Cheap Resources / Energy
3) Cheap Capital

and by "cheap" below there true market value - if the game was played on a level playing field. Remove one and you have a Recession, remove two and you have a Depression. Remove 3 and you are............here.

Circular reasoning. Market value is set in .part in reference to the availability and cost of labor, resources/energy, and capital. Capitalism, through free market functions, shifts to accommodate deficiencies in any of the three, thus restoring the balance.

For Capitalism to succeed the game needs to be rigged. Labour needs to be coerced into accepting low wages and poor working conditions.

Nonsense. Labor accepts as wages and benefits exactly what they think their labor is worth. If they undervalue themselves, the business owner is under no moral obligation to pay them more than they agree to be paid. Any business person who pays less and still gets employees to work for him is simply reflecting the true value of the labor involved. Marxism falsely maintains that the worker is "exploited" by not being paid the full value of his work, but that's a false claim because the value of one's labor is worth what some employer is willing to pay for it, no more. The more valuable the labor is (i.e. the more skilled the laborer) the more his work is worth, and the more the employer has to pay to obtain it in a free market.

The value of labor is set by free market forces and varies with the skill set required for the job and the market for laborers with that skill set. Nothing exploitative or coercive about it. A laborer wishing higher wages has only to make himself worth more on the market by improving his skill set.

Cheap Capital comes from the Banking system literally creating money (if the only Capital available was from profits or Wealth creation there would be a lot less available - and expensive).

Hogwash. "Creating money" creates one thing: inflation. The flow of capital is just another free market that flows towards innovation and profit and away from taxes and redistribution.

Cheap Resources comes from keeping other countries in poverty -

Poppycock and balderdash. The flow of resources from place to place and nation to nation improves the economic condition of everyone involved. It's called "trade." Free markets favor cheaper resources it's true, but it is governments, if anything, that keeps their own people oppressed in order to sell socialized resources to capitalist countries in order to enrich the ruling elite. China is a perfect example of this principle in action. China currently produces something like 95 percent of all rare-earth minerals, and sells them to the US and other countries for very high prices, but the money they receive doesn't flow to the miners or the local communities, it flows to the government and mostly the army. In a free market, those minerals would be owned by private individuals, and the resources would be sold to the highest bidder and the profits would flow to the workers and the mine owners, and would benefit the economy from being circulated.

otherwise it would be like buying from Microsoft.........there is a virtuous (?!) circle for all 3 - but remove 1 leg and the system falls over.

If what you say were true, Microsoft Windows would cost a million dollars a copy. But it doesn't. It's remarkably cheap given the amount of work involved. This is a function of the free market, where the sale price cannot be higher than the customers are willing to pay, and where competition (like Apple) keeps prices down.

BTW I am by nature a Freemarketeer and firmly beleive that Capitalism is essential for a society to progress, but it's a tool of man to ne harnessed and controlled - should not be an object of worship as it will eat it's own young (you & me).

True enough, and no capitalist of any intelligence has ever suggested totally unconstrained and unregulated capitalism is a useful economic model. But again, we must distinguish between regulation to keep things honest and regulation intended to redistribute wealth for political and social purposes.

[.Morticia.]

The "secret" to Capitalism is:-

1) Cheap Labour
2) Cheap Resources / Energy
3) Cheap Capital

and by "cheap" below there true market value - if the game was played on a level playing field. Remove one and you have a Recession, remove two and you have a Depression. Remove 3 and you are............here.

Circular reasoning. Market value is set in part in reference to the availability and cost of labor, resources/energy, and capital. Capitalism, through free market functions, shifts to accommodate deficiencies in any of the three, thus restoring the balance.

For Capitalism to succeed the game needs to be rigged. Labour needs to be coerced into accepting low wages and poor working conditions. Cheap Capital comes from the Banking system literally creating money (if the only Capital available was from profits or Wealth creation there would be a lot less available - and expensive). Cheap Resources comes from keeping other countries in poverty - otherwise it would be like buying from Microsoft.........there is a virtuous (?!) circle for all 3 - but remove 1 leg and the system falls over.

BTW I am by nature a Freemarketeer and firmly beleive that Capitalism is essential for a society to progress, but it's a tool of man to ne harnessed and controlled - should not be an object of worship as it will eat it's own young (you & me).

Communism cares - but doesn't work
Capitalism works - but doesn't care

I'm interested in how you think capitaism works?

Works to do what?

Has it worked for everybody?

[Seth]

The "secret" to Capitalism is:-

1) Cheap Labour
2) Cheap Resources / Energy
3) Cheap Capital

and by "cheap" below there true market value - if the game was played on a level playing field. Remove one and you have a Recession, remove two and you have a Depression. Remove 3 and you are............here.

Circular reasoning. Market value is set in part in reference to the availability and cost of labor, resources/energy, and capital. Capitalism, through free market functions, shifts to accommodate deficiencies in any of the three, thus restoring the balance.

For Capitalism to succeed the game needs to be rigged. Labour needs to be coerced into accepting low wages and poor working conditions. Cheap Capital comes from the Banking system literally creating money (if the only Capital available was from profits or Wealth creation there would be a lot less available - and expensive). Cheap Resources comes from keeping other countries in poverty - otherwise it would be like buying from Microsoft.........there is a virtuous (?!) circle for all 3 - but remove 1 leg and the system falls over.

BTW I am by nature a Freemarketeer and firmly beleive that Capitalism is essential for a society to progress, but it's a tool of man to ne harnessed and controlled - should not be an object of worship as it will eat it's own young (you & me).

Communism cares - but doesn't work
Capitalism works - but doesn't care

I'm interested in how you think capitaism works?

Pretty well, most of the time, particularly when socialists don't meddle in the operations of the free market.

Works to do what?

Produce a vibrant economy.

Has it worked for everybody?

Nothing works for everybody, and nowhere is that more true than with Marxism, which works for almost nobody except the elite ruling class. Everybody else is just a proletarian slave to the system. A replaceable, expendable cog in the Socialist machine with no individual identity, no rights, no freedom, and nothing but dependent-class horror and servitude to look forward to for their whole miserable existence.

Stalin, Pol Pot and Mao proved that to us, in spades, to the tune of 100 million murdered by that evil ideology.

[.Morticia.]

you're a hoot

do you actually believe the ignorant shite you post

[Seth]

you're a hoot

do you actually believe the ignorant shite you post

Do you actually believe the ignorant Marxist propaganda shite you've been fed?

[sandinista]

The "secret" to Capitalism is:-

1) Cheap Labour
2) Cheap Resources / Energy
3) Cheap Capital

and by "cheap" below there true market value - if the game was played on a level playing field. Remove one and you have a Recession, remove two and you have a Depression. Remove 3 and you are............here.

Circular reasoning. Market value is set in part in reference to the availability and cost of labor, resources/energy, and capital. Capitalism, through free market functions, shifts to accommodate deficiencies in any of the three, thus restoring the balance.

For Capitalism to succeed the game needs to be rigged. Labour needs to be coerced into accepting low wages and poor working conditions. Cheap Capital comes from the Banking system literally creating money (if the only Capital available was from profits or Wealth creation there would be a lot less available - and expensive). Cheap Resources comes from keeping other countries in poverty - otherwise it would be like buying from Microsoft.........there is a virtuous (?!) circle for all 3 - but remove 1 leg and the system falls over.

BTW I am by nature a Freemarketeer and firmly beleive that Capitalism is essential for a society to progress, but it's a tool of man to ne harnessed and controlled - should not be an object of worship as it will eat it's own young (you & me).

Communism cares - but doesn't work
Capitalism works - but doesn't care

I'm interested in how you think capitaism works?

Works to do what?

Has it worked for everybody?

I would ask the same thing. Works for who? For what? When so much of the planet is capitalist and so much of the planet lives in abject poverty it's hard to see that as "working".