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Originally Posted by BDunnell
What does that statement mean?
First, capitalism is an economic system and not a political system or form of government. This thread, supposedly, is about the pending American presidential election. So let's not confuse them.
Tony is correct that capitalism has never failed. From time to time the system renews itself by shedding dead wood (investors stupid enough to think good times last forever, among others) and then moves on. True, it can be a little rough on some. What it has done is provide long term economic growth - with emphasis on the "long term" part. It gives people and companies the freedom to fail and the freedom to win big. It is the only system which allows countries like China, once they adopted a version of it in their manufacturing, to become economic power houses. It has allowed the US to lead the world economically for a century.
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Quote:
Originally Posted by Starter
Tony is correct that capitalism has never failed.
Of course he is.
There has never been even a single completely laissez-faire system, in the history of the world. I concede that "capitalism has never failed" largely because a purely capitalist system has never existed.
"A fully free economy, true laissez-faire, never has existed,"
Capitalism: The Concise Encyclopedia of Economics | Library of Economics and Liberty
"This tension helps explain why capitalism in its putative ideal form - of laissez-faire state and completely free market - has never existed and doubtless can never exist."
- Stanley Buder, Capitalizing on Change: A Social History of American Business (2009) Pg13.
Nice work in affirming the consequent, which is a formal fallacy by the way. You may as well say that Gordon Shedden's Honda has not crashed at all in this year's Formula One season.
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I wonder what all this abstract theorizing has to do with 2012 US Presidential elections and what happened to the nasty threats from Pino to ban ANYBODY making off topic posts?
(somebody could point out that that is precicely the tactics the right wing extremeists have done to steer the whole dialog in USA away from POLICY involving real stuff, like building highways, or taxes for curing the yawning gaping educational failures we see in evidence here, over to a theoretical discussion of what they imagine the sysytem once was, should have been, and maybe one day can be returned to, theoretically... so somebody could point out that we have had a microcasm unfolding right here mirroring the external world: Good thinking from all over the world, resisted by monumental refusnik, pseudo-religious-nationalistic blather, and pointless empty assertions of a particular skewed view, really just an expression of contempt for others.
As I said, somebody could point that out..
Because Shirely I could not comment
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Mitt Romney's unfavorability problem
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Originally Posted by Starter
Tony is correct that capitalism has never failed.
I refer you to what Rollo wrote above. It is very hard to find any example of pure, unadulterated capitalism in action in terms of government policies.
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Quote:
Originally Posted by BDunnell
I refer you to what Rollo wrote above. It is very hard to find any example of pure, unadulterated capitalism in action in terms of government policies.
OK, let's rephrase it as "capitalism as practiced in the US". Kinda nit picky though, we all know what was meant.
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Quote:
Originally Posted by Starter
OK, let's rephrase it as "capitalism as practiced in the US". Kinda nit picky though, we all know what was meant.
No we only have dim idea of what was asserted
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Well Capitalism as practiced in the US has had failures. The dust bowl; the great depression?
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Mark, please don't confuse this barbeque with facts!
http://a4.ec-images.myspacecdn.com/i...6dc67814/l.jpg
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Quote:
Originally Posted by Starter
OK, let's rephrase it as "capitalism as practiced in the US". Kinda nit picky though, we all know what was meant.
Not nit-picky at all, since this element of the discussion has clearly moved on to one not solely about the US. And, in any case, the assertion that all capitalism as practiced in the US is entirely 'laissez-faire' is still nonsensical.
