Capitalism Explained

A brief explanation of free-market economics and conservatism.

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• xtranormal
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• Conservatism
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• Paul Krugman
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• 2012 Election
• economy
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• Obama
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• gold standard
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[samuraiconservative]

@jaunlmesl I'm going to brutally honest with you, Jaun. Your post is indicative of what's wrong in America. You write at a 4th grade level and now you feel society owes you your livelihood. You're basically unemployable for any job other than menial labor and you think that's unfair. Your lot in life is your own responsibility. Yes, I understand your parents didn't push you to study, and that sucks, but LIFE IS NOT FAIR. It's up to YOU, not society, to fix your total lack of education.

[samuraiconservative]

@illahham-- I agree that the US spends too much on defense and should be cut to roughly $450 billion from the current $730 billion, however, our problem is with unconstitutional spending on entitlements, which current devour almost 100% of our $2.1 trillion TAX REVENUES (Medicaid $830 billion, SS $720 billion, Welfare $400 billion). All these services should either be given to the states or to individuals to provide; the poor can easily be taken care of by private charity.

[samuraiconservative]

@Canadianloyalist123 For high-quality, low-cost healthcare (hc) the entire system must be returned back to the citizens and run by the private sector insurace companies. The poor, of course, must be taken care of, but again, private charity can handle most of this and state-run (not federal) govts can set up voucher systems. This type of system is not only the best system, it's the ONLY system that is allowed by the Constitution.

[Canadianloyalist123]

I agree with you on everything but i do think universal healthcare should be a right.

[samuraiconservative]

@Canadianloyalist123 A "right" is something that when executed does not impose an obligation on a third party. Accordingly, healthcare (HC) cannot be a "right" as it impose a burden/obligation in its execution. Universal HC greatly increases costs and lowers quality. Prior to US Medicare, HC was only 4% of GDP, now it's 17%. Private-sector catastrophic insurance with minor HC paid out of pocket works best. The poor should get HC vouchers or use charity hospitals as was the practice.

[SRFColonel]

Yea my country is owned by france, europe could totally afford america in the shape its in. They can barely afford gas and riot free streets. Capitalism is flawed at points, but what goverment type isnt? Socialism and communism are abominations. Fascism and nazism are disgusting.

[samuraiconservative]

@SRFColonel Yes, as Thomas Jefferson said, "Governments are necessary evils." For freedom and economies to thrive, govt power must be severely constrained and that's why America originally established a Constitutional Republic (not a democracy). America has abandoned the original intent of the Constitution so US govt power has greatly exceeded its original Constitutional powers. That is why US no longer has a free-market capitalist economy & we have $1.5 TRILLION annual budget deficits.

[juanlmesl]

all this crap their talking about is proof that capitalism just dont work. unless you exploit the people under you! plain and simple. capitalism is all about money and nothing else people does not matter if they are there at all. this is why a socialist economy where people go first, should be apply to improve people`s life and our planets future. trust me. this is why we have riots all over the world and wars about oil and innocent people being kill all because of the current economic system.

[illahham]

@samuraiconservative and I always hear this BS about universal health care lowering quality. what about countries like Costa Rica or Canada? where the infant mortality rate and life expectancy rate is higher than America? Not only does Costa Rica provide health care for its citizens but visitors also. Even my homeland, poor little jamaica provides health care for its people. If you need healing you get healed. THEN they send you the bill based on what you can afford. That's how it should be

[illahham]

@samuraiconservative We spend more on our military than any other country. More than the GDP of most countries combined. We have a battleship that runs on algae bio-diesel. We can afford to heal sick people without making it a for profit industry or leaving it up to "charity".

[illahham]

@SRFColonel Socialism and Communism are the end result. Russia was never communist even when Marx was in power nor China, communism is stateless. Russia never made it past government redistributing wealth and vesting control of resources in the workers. Also capitalism is an economic system not a government type.