Overview of America 3 0f 4

John McManus narrates a moving tribute to America and discusses the history of what makes America great and how only we, as informed citizens, can keep the timeless concepts of Americanism alive in our Constitutional Republic.

Part 3 discusses the rise and fall of ancient Greek city-states and the Roman republic. Mr. McManus defines capitalism and demonstrates free enterprise.

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News & Politics

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[DarthCheney420]

I think capitolism works pretty well. The only flaw though is when corporations merge with each other and then with the government. When that happens, capitolism turns into fascism

[klonedklein]

Even though i still see an unseen hand operating in most all cases, a true, open republic is what is needed to control our gov... no secrecy, no secret meetings, no national security statement on everything... pathetic... our rogue gov must go

[avdquick]

@DarthCheney420

well that's why we have anti-trust laws, the 'big banks' pretty much got a pass by both administrations to become Monopolies in fact the biggest Monopoly we have banking wise is the Federal Reserve and its branches in Fannie May and Freddie Mac. If we used the laws on the books, we wouldnt have to spend a penny to bail them out, just force them to downsize or go under.

[killerbee2k]

@doctorpsycho1960 Yes, respect that. I have not encountered any economist with a persuasive argument for total non intervention against monopolies in free market system. In Norway we live in Mild Socialism, some capitalist market in automobile, retail and telephone. The rest is monopoly by Corporatism. The voting does not work, simple reason, Special Interests like Unions and State Firms control politicians and they love Monopoly. So we got high prices and poor service in all Monopoly sectors.

[doctorpsycho1960]

@killerbee2k In a free market society it is SOMETIMES possible to bring down a monopoly through innovation (in technology, in funding mechanisms, or some other element of your business plan). Just as in a socialist economy it is theoretically possible to change the operations of a monopoly by voting for candidates who support the changes you want.

I prefer the system that we have had for most of the history of this country, in which private enterprise is regulated modestly and cautiously.

[killerbee2k]

@doctorpsycho1960 The only difference is in a free market capitalist system, you can through innovation and free association bring down the monopolies like for example the communication industry, but in Socialism the Monopoly reigns Supreme because its a corporatist system. The State and Monopoly works together to control the market, leaving no room for freedom. And this is what the Socialist mean by Freedom; The Freedom for the State to implement all policies regardless of constiution limits.

[killerbee2k]

@doctorpsycho1960 "ism's" are just sets of concepts describing postulated Human association and interaction and are not innherently bad. But yes you are correct in your point, the question is how to prevent monopolies in the market using either corporatism (working with state) or free market (price dumping) to forcing smaller competitors out. The real difference is the Socialist want state to control Capitol, Capitalism wants private, but there is the problem of monopolies.

[Squidly78]

I would put a "For Sale" sign on that Land Rover too!...lol

[JCGabaglia]

What's the name of the greek, Solum?

[doctorpsycho1960]

"Too big to fail" really means "too big to fail safely", which ought to mean "too big to be allowed to exist".

The Standard Oil Co. once owned the entire oil industry. The U.S. government decided that Standard was too big to allow, and required it to divest into smaller companies. We should do the same thing with the banks.

The problem I have with capitalism is when it becomes an "ism". Then, it is just as destructive of human rights as any other ideology.

[lenny121]

6:07 Freedom Drive Property "in the clouds"

[magichandpuppet]

cheers mate!