Capitalism, What is it good for?

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Excubis
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Capitalism, What is it good for?

Post #1

Post by Excubis »

Go for it lets see what people see it does good and bad. I see some pro's but also con's. I will let someone else drive but am just putting a default position of Capitalism to get the discussion going.

Using googles since is simple

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

Now go if you are so inclined, pro's con's or entirely for, entirely against, does not matter this is open.

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Post #2

Post by Wootah »

It's not something I think that merits arguing against. I present China and rest my case.

http://www.economist.com/news/leaders/2 ... should-aim
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Post #3

Post by Excubis »

[Replying to post 2 by Wootah]

That's all fine, what about hundred years, capitalism is great if the nations own people gain market share to have private enterprise. Now what happens when conglomerates owns majority of new markets? Does this support the transfer of wealth that capitilism is supposed to maintain? Capitalism is great when enough small varied competition exists, it also as per current need to continually expand/grow if we stop reproducing (having) kids it really no longer works, it needs birth rate of 1.6 if I am not mistaken, I may be. I will check later, many developed countries do not have a birth rate such as this i.e. example why China has had to raise limit to 2 kids.

Will post more tonight with citations on why perhaps capitalism is not so great.
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Post #4

Post by Excubis »

Well here I go for a little while: Pro's of Capitalism, the use of free markets for pricing to adjust as directed by supply and demand. The freedom of any individual to be a business owner and gain wealth this leads to less of a oligarchy(elitism), that competition between businesses creates a stronger consumer voice/influence. A naturally occurring distribution of wealth since all individuals have the freedom to gain wealth, unrestricted technological advancements driven by competition to gain wealth or market shares. Just some pro's yet reality of.

Cons: once supply is no longer viable over a great enough demand prices are unreasonable for majority (scary when talking about necessities of life), the consolation and aggressive protection of wealth and market shares limits viable competition in many markets, the consolation of market share creates a oligarchy of influential elitist, wealth acquisition is unrestrained therefore rich get richer poor get poorer, drive for market share in competitive market increases waste byproducts at a ever quickening rate, new tech gains more market share than additional improvement on already owed/produced tech.although new tech come fast margins are higher to produce a new phone than to add to current one and create less waste also consumer wants entirely new.

Well bed time next time will look at Social Capitalism vs. Western Free Market system. If you wish to add I look forward to it.

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Post #5

Post by Raimer »

Capitalism is a driving force that makes people work hard.

Capitalism is good, if it has rules. There has to be a lot of rules and regulations.

Without regulations, a tiny amount of the population will gather 99% of all wealth and just sit on it. That is the situation in the world economy right now.

Money needs to be spent and spent fast to get an economy running. That's not the case right now.

Capitalism without regulations has failed. We are heading towards a total collapse of the world economy. It will come this year or in 5 years. Who knows. It will be much worse then the great depression in the 1930's.

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Post #6

Post by Excubis »

[Replying to post 2 by Wootah]

What about Greece, Brazil, ect.. ect... ect.. ect... ect.... ect... ect.... oh wait it's working in China yet it is not pure Capitalism at all so how is your case rested?

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Re: Capitalism, What is it good for?

Post #7

Post by Divine Insight »

Excubis wrote: Now go if you are so inclined, pro's con's or entirely for, entirely against, does not matter this is open.
It's like with anything else. You can use a knife to make a salad, or you can use it to stab your best friend in the back.

Capitalism isn't any different.

In other words, Capitalism itself is not a problem. How it's implemented is often the problem.
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Post #8

Post by Wootah »

Excubis wrote: [Replying to post 2 by Wootah]

What about Greece, Brazil, ect.. ect... ect.. ect... ect.... ect... ect.... oh wait it's working in China yet it is not pure Capitalism at all so how is your case rested?
To the extent Greece or Brasil implement a free market economy they will start to turn around.
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what capitalism is good for in my opinion

Post #9

Post by livingwealth »

Capitalism is good for slowing down corruption, because rather then have a centralization its split up so it takes longer to corrupt then say a socialism and as far as a free market I kind of see that as good like a wolf pack that kills the weak to survive better.
(example usa how it has three branches the legistrative exectutive and judicial branches to split up powerbase to prevent corruption)

now the cons

it is corruptible like every other major government type but takes longer then some but in end result gets just as bad.
it divides the people and makes things such as goals towards helping everyone harder to accomplish because of that.

other then that I cant really comment because I don't have the knowledge of other capitolisms to compare mine to

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Re: what capitalism is good for in my opinion

Post #10

Post by bluethread »

livingwealth wrote:
it is corruptible like every other major government type but takes longer then some but in end result gets just as bad.
Capitalism is not a type of government. It is an economic system that can be employed by various governmental structures. Regarding the accusations of the centralization of capital and hording, these can only occur when there is governmental interference in the market. I am not arguing for an absolutely free market, but I am pointing out that in a free market innovation and competition work against the centralization of capital and also make working capital more attractive than stockpiled assets.
Excubis:

it needs birth rate of 1.6 if I am not mistaken
This is only true in controlled growth demand capitalism. In supply capitalism, the focus is on providing the goods and services that will sell on the open market regardless of size. Again, innovation and competition result in the shifting of goods and services to meet whatever demand there may be. It is when goods and services are shifted by means other than innovation and competition that an increase in demand must be created to support this shift that the market was unwilling to purchase on it's own.

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