Is this version of capitalism adequate?

[Danioover9000]

   I mean her explanation of capitalism, what it is and why we need it, an adequate explanation? Do you think she's underestimating the potential dangers of predatory capitalism or what?

 

[Tanz]

Life is very much a game and game theory seems to be relevant in this world.  Those in society that can play others as if its  game tend to do well.  
Until the left is spiritually evolved it will continue to fail its in progressiveness.  

[itsadistraction]

She is explaining capitalism and leaving out most of the negative outcomes of unchecked capitalism. But there is downsides to probably any system. 

Capatilsm is neither good nor bad. It perhaps has relative advantages over other systems tried by humans. Just like with the SD levels, there are healthier and less healthy forms of capitalism. 

We probably need to keep capatilism (for lack of better options) but with continually increasing regulations on environmental, health, workers rights issues, social programs and income equality. But of course the rich would have to pay for these changes and they probably have some publice influence, through media and lobbying, on the acceptance of these changes.

It seems that the Scandinavian countries have the right balance between capitalism/regulations in our world today? 

 

Edited September 7, 2023 by itsadistraction

[Danioover9000]

@itsadistraction

2 hours ago, itsadistraction said:

She is explaining capitalism and leaving out most of the negative outcomes of unchecked capitalism. But there is downsides to probably any system. 

Capatilsm is neither good nor bad. It perhaps has relative advantages over other systems tried by humans. Just like with the SD levels, there are healthier and less healthy forms of capitalism. 

We probably need to keep capatilism (for lack of better options) but with continually increasing regulations on environmental, health, workers rights issues, social programs and income equality. But of course the rich would have to pay for these changes and they probably have some publice influence, through media and lobbying, on the acceptance of these changes.

It seems that the Scandinavian countries have the right balance between capitalism/regulations in our world today? 

 

   What happened to that socialism video?

[Tanz]

6 hours ago, itsadistraction said:

seems that the Scandinavian countries have the right balance between capitalism/regulations in our world today? 

They seem to be great but their companies go overseas to evade tax and their high taxes make it less favorable to start business and innovate. 

[Danioover9000]

@Tanz

3 minutes ago, Tanz said:

They seem to be great but their companies go overseas to evade tax and their high taxes make it less favorable to start business and innovate. 

   That's actually true, they took socialism a bit too far, and starting a business there is a bit more challenging, they even have this anti capitalism built into their culture, and shame those with drive and ambition.

[itsadistraction]

4 hours ago, Danioover9000 said:

@itsadistraction

   What happened to that socialism video?

Not sure what you mean? 

[Danioover9000]

@itsadistraction

16 minutes ago, itsadistraction said:

Not sure what you mean? 

   You posted a video about brief history of socialism here?

[itsadistraction]

58 minutes ago, Danioover9000 said:

@itsadistraction

   You posted a video about brief history of socialism here?

On this post or another post? I Don't think so or can't remember, maybe neoliberalism I did a while back? 

[Danioover9000]

@itsadistraction

3 hours ago, itsadistraction said:

On this post or another post? I Don't think so or can't remember, maybe neoliberalism I did a while back? 

   I found the video that disappeared:

   Was this the video you posted? Sorry if it's not you, it could have been another user that did a disappearing act and hid his posts or something, but I thought it might be you because the profile pic is similar. I don't know sorry if it's not you!?

[itsadistraction]

Wasn't me looks good though will watch later 

[Danioover9000]

@itsadistraction

55 minutes ago, itsadistraction said:

Wasn't me looks good though will watch later 

   Okay thanks for clearing the misunderstanding. Watched the video and it's convincing enough. This verifies that we do need both a capitalistic and socialistic framework for economy and social living.

[mostly harmless]

Is the economic system we have in the western world actually capitalism? Were the bank bailouts in recent history compatible with what capitalism is supposed to be?

 

Are capitalism and socialism opposites?

Are there only these two (allegedly different) options?

 

Look into Blackrock, Vanguard.

 

Edited September 11, 2023 by mostly harmless

[Tanz]

@mostly harmless You bail out the people they stay selfish, you bail out the corporations they get more selfish.  

Like every problem, its more about raising consciousness than the actual system

The current version of western developed countries is socialism for the elites. The system is assuming there will be a trickle down effect but that is proving to not be true at all.   

[Mesopotamian]

@Danioover9000 that's an informative video. Thanks for sharing!

[mostly harmless]

@Tanz The idea of the 2 systems Socialism and Capitalism being 2 opposites and there are no other systems is a false dichotomy.

Socialism is one organization ruling everything.

Well, in capitalism you have a successive market concentration, bigger corporations taking over smaller ones, a monopolization of patents/intellectual property, and last not least political influence of corporations via lobbying, legislation, monetary system, World Bank, WEF, etc.. And a majority owned via very few large funds.

You still have a hand full of organizations that are separate on paper, but they are few and they are coordinated more or less in a centralistic way.

That is less obvious than direct Socialism, but it is pretty close when it comes to the consequences of rights and freedom for the large majority of people.

The Socialism vs. Capitalism dichotomy makes people not think what alternative there might be.

 

[Tanz]

@mostly harmless The fed prints out the money and gives that money to the banks and the banks give the money to companies like Apple, Tesla, Amazon so forth.  

This creates no competition at all because a competitor that doesn't have access to that free cash is at a severe disadvantage.  
For every dollar X company makes, Amazon gets $1000 dollars from the money supply for almost free.  

Presently we don't even have a clean version of capitalism and its a giant pyramid scheme or MLM that we live in.  

[Danioover9000]

@mostly harmless

8 hours ago, mostly harmless said:

@Tanz The idea of the 2 systems Socialism and Capitalism being 2 opposites and there are no other systems is a false dichotomy.

Socialism is one organization ruling everything.

Well, in capitalism you have a successive market concentration, bigger corporations taking over smaller ones, a monopolization of patents/intellectual property, and last not least political influence of corporations via lobbying, legislation, monetary system, World Bank, WEF, etc.. And a majority owned via very few large funds.

You still have a hand full of organizations that are separate on paper, but they are few and they are coordinated more or less in a centralistic way.

That is less obvious than direct Socialism, but it is pretty close when it comes to the consequences of rights and freedom for the large majority of people.

The Socialism vs. Capitalism dichotomy makes people not think what alternative there might be.

 

   So you don't agree with this video?

and

   If the capitalism and socialism dichotomy makes most people not see alternatives, is there something wrong with dichotomies? Does that mean comparisons and contrasts are wrong?

   

[mostly harmless]

@Danioover9000 What is wrong is defaulting to the idea that for every question there are 2 possibilities, no more and no less, and that these 2 possibilities are always opposites (mutually exclusive).

 

Edited September 27, 2023 by mostly harmless

[Danioover9000]

@mostly harmless

2 minutes ago, mostly harmless said:

@Danioover9000 What is wrong is defaulting to the idea that for every question there are 2 possibilities, no more and no less, and that these 2 possibilities are always opposites (mutually exclusive).

 

   So, are you referring to close ended questions as wrong? And what is wrong with dichotomy?