Failure Of Capitalism & Free Market? Not Quite...

An understanding of math & economics tend to not be characteristics of the average liberal. I know, because when I was liberal, I would have great sound arguments against racism and social conservatism, but when it came to economics, the math didn't work. That's when I became a fiscal conservative.

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[cyanide444]

True free market Capitalism doesn't exist. It will never work. There will always be someone pushing up to the top and assuming control of the market.

[ekanisooo]

Socialism play /ˈsoʊʃəlɪzəm/ is an economic system in which the means of production are commonly owned and controlled cooperatively; or a political philosophy advocating such a system. [1] As a form of social organization, socialism is based on co-operative social relations and self-management; relatively equal power-relations and the reduction or elimination of hierarchy in the management of economic and political affairs.[2]

[TheMercilessEye]

@DarklingX Now THOSE are some benefits that haven't been raised yet to me, and I have considered the first one you indicated, modernizing other countries, in a kind of vague and nebulous fashion. I have to wonder, still, about the outsourcing of jobs that used to be kept here in the USA, but this idea does appeal to me as a kind of 'enlightened self-interest.' I'm not entirely convinced, but these both seem sound points to consider, thank you.

[DarklingX]

Keep in mind however economic growth doesn't happen overnight and it's better then something like child prostitution, human trafficking or who knows what else.

[DarklingX]

@TheMercilessEye Globalization modernizes countries is a way to look at it. There are probably many other benefits and some pitfalls. Another benefit of capitalism and globalization is the tieing up of economies makes war less desirable. We see this with Europe and the Euro post WW2.

[DarklingX]

@TheMercilessEye It would also be a fair assumption to say that the killing of our industry by the environmentalists forced us over seas. Eventually we will leave over seas businesses because it will become more expensive to do so over in other countries. Demands for goods produced in the us will be more desirable due to the reduced cost as prices rise in other countries. And their economic and infrastructure benefits will be in tact when we do less business with them.

[DarklingX]

@TheMercilessEye In addition to that globalization is not necessarily a bad thing unless you're an investor. The "exploited" by multinational corporations (which would probably be exploited by their government some other way anyway child prostitution drugs etc) do benefit their countries benefit economically and their currencies are worth more while ours loses value. They may get paid pennies but their pennies our worth more while our dollars are worth less.

[DarklingX]

@TheMercilessEye Well, I can cover a lot of your spoon fed opinions on capitalism. I don't mean that personally I've just heard those same things many times by the manipulative left. First the pollution concern. Coal is used as an energy source largely due to the environmentalist movement that killed nuclear power. The out sourcing occurs due to strict regulation in the us forcing companies over seas but it's not entirely due to that to be fair it's also cheaper.

[lomocan]

@TheMercilessEye

Indeed, there's a lot more to it than what I've said but obviously it's impossible to discuss it all but thanks for being so receptive to a peaceful discussion; otherwise people just go crazy when somebody dares to have a different opinion. Anyways, here's something that you might find interesting > watch?v=qCVVUuvXOoc

[TheMercilessEye]

@lomocan And I appreciate your taking the time to make the 'Libertarian pitch' to me. I'm sure there is more to the 'nuts & bolts' of it than what you've outlined here, of course. You're a far better spokesperson for this than, say, Shanedk, whose path I've crossed before on this matter and who is, in my opinion, an abusive child in putting forth his arguments. Thanks again for taking the time.