Natural Capitalism for Enlightenment (Part 1 of 2)

[EarthBeautifull]

Europe is bankrupt from socialism, US from socialism and war.

[jakobeckert]

Anybody who thinks the United states of America is pure capitalist it is not, and figure out what we are on your own. Knowledge power's us all, go and learn it!

[korictixor]

I get the impression this video was made to preach to the choir, it doesn't resonate with me.

[mouse9111]

idea: limit how powerful someone can get in a capitalist society. the people that matter in society seem to be the greediest people.

[robinhoodOO7]

1) what is capitalism, and 2) Can it be acheived?

When you factor in the greed, or self-interest of capitalism, you can't really have a "free market" because competition ultimately gives us only 1 winner, or a few such as a cartel.

[mana2432]

@robinhoodOO7 competition doesn't lead up to 1 winner, if that was the case, Walmart and McDonald's would be monopolies by now. The truth is, when you build up barriers to enter any given industry, i.e. tariffs, patents, other protectionist laws; you're unintentionally picking the winners and losers in an economy, which is why you have monopolies or oligarchies

[robinhoodOO7]

@mana2432

I'll take it you were unable to read my entire post because........it didn't fit into a neat little college macroeconomic level answer.

Let's take a look:

When both barriers to entry, restrictions, etc. were taken down in the 1980s and later the 1990s in the world of media: telecommunications, radio, television, etc., what did we end up with?

[robinhoodOO7]

@mana2432

A market in which 90% of the outputs are controlled by 6 conglomerates.

When restrictions, regulations, etc. were taken away in California for energy companies, what happened? Enron anyone? California being robbed for over $3 billion....

I'm not saying that certain governmental interactions, regulations, bailouts, etc. don't help pick winners and losers, that would be rediculous; however, a majority of regulations don't cause such occurances as you briefly mentioned. *

[Shagnum]

@robinhoodOO7

you seem to be confusing "capitalism" with "free market"

[robinhoodOO7]

@Shagnum

I think you're confusing American capitalism with free market capitalism. My argument did not require me to distinquish between the two.

The argument of the other user failed to note the differences in goods when citing Walmart and McDonalds as examples compared to markets where obvious cartels exist. I was pointing this out in the simplest way. Juxtaposing 'capitalism' and 'free market' is moot.

[robinhoodOO7]

@mana2432

Quite the contrary as you can see from just the two examples I provided.

[robinhoodOO7]

@AtheistThatsATheist

And in what system is there not a black market? Pure capitalism? There is no such, can and never will be. Even so called capitalistic countries of today, there exists multi-billion dollar (depended, obviously, on location) black markets for goods. While you can argue that countries like America are not truly capitalistic, you still beg the question as to

[AtheistThatsATheist]

How many times has communism been tried? Theres a fallacy from many people that true communism has never been tried but that is a lie.

In every communist society that has ever existed there has been a black market. Even in Russia whos black market was so big it out grew the government controled market.

People would hide their purchases from government and nearly everything was done in cash. Even houses were bought with tiny amounts legally, but the rest of the transaction off the books

[AtheistThatsATheist]

North Korea, probably the most totalitarian country in the world has a black market.

A black market is the definition of a free market.

However it has zero government control meaning customers have zero rights, as well as the entrepreneurs.

And the more socialism a country has, the more inefficent it becomes, and the higher the costs go of everything socialism trys to help!!

[NeoOneOrg]

@AtheistThatsATheist There is no such thing as communism its called capitalism, if you want to know about natural rights read my blog neoone1.blogspot

[JohnDoe4910]

Great video I could not have explained it better myself.