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A look at Positive Capitalism
I like this opinion because it offer a positive view about capitalism.
We don't need a balance betwee socialism and capitalism. Capitalism is the only viable system. IMO it's not even a system: It's a description of financial and investment mecanisms.
But Capitalism needs rules and these rules must be respected.
I responded to John's article on the Pope's speech earlier. I agreed with 4 points of it, disagreed with about 5.

The error as I see it is, we believers cannot make a secular institution the object of Divine control as the Pope desires. Just won't work. We Christians must personally assist&encourage those who fall off the wagon, we cannot cause the entire system to fail because we see economic losers and that's what would happen if the system was re-organized away from private property and investment.
I almost forgot the article talked about the pope. My comment was about the general conception of capitalism: You can see it as something negative or positive.
The pope see it as negative because that's the way you must speak if you want to look as if you were on the poor's side.
In fact capitalism is neither negative or positive. It's not a policy, a mentality or a philosophy, it's a description.
I just wish we could stop calling it Capitalism. That is a Marxist designation, and not very descriptive. Its really Free Enterprise.

This is how the Left controls the argument, through denigration.
Have a Gneiss Day!
Corporatism is what we do anymore. State and corps tied together.
(11-30-2013, 02:46 PM)Palladin Wrote: Corporatism is what we do anymore. State and corps tied together.

With big corporations, yes. They are on top, and want to remain there. The rest, that is different. They are scratching and clawing to get to the top, and still play the game as best they can.

That is why we have to get rid of Fascism, along with the rest of the branches of Collectivism.
Have a Gneiss Day!
Our problem is, with corporatism, small guys can't get big anymore. The state would raise our COB with regs to protect their friends like Warren Buffet, GE, ADM,Microsoft,GM,etc.

We can fly under the radar, but, there will never be another rags to riches bigtime corporation created here unless it's in a new field like Amazon did with the internet. The big boys don't buy politicians to see snot nosed upstarts give them a hard time.
Good call, John. I was going to call down on the lemming-like usage of "Capitalism" by those who should know better. During the release of files during Glasnost and Perestroika, it was confirmed that the KGB knowingly grabbed onto the term to denigrate the Free Market system. Keynesians use the term the same way - but you'd think those who promote free enterprise would know better.
Palladin: you forget Twitter, Facebook etc. However outside of social media crap, (and maybe the Tesla fantasy) it is hard for small cap businesses to become large.

WmL: "capitalism" has long been used as a pejorative by the left (especially Hollywood). In addition, the right never seems to want to clarify the term to the Adam Smith level, where it belongs. So the word has been tarnished.

I agree with FredL... on the meaning of "capitalism".

Unfortunately, some on the right (WSJ) as well as many leftists seem to approve of corporatism, which is the marriage of big gummint with big companies. Palladin has it right.
Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.

I make exception for new ideas that don't currently have established "moneyed interests"
"Capitalism" is a pejorative term, coined by Stalinists to denigrate the free market system. It is not an economic term except by constant Leftist usage. The free market is not based on capital - but on free ownership and personal effort. Capital is used as much in communist systems as in any other. It was targeted to make the unsuspecting think that free market entrepreneurs were more interested in owning and controlling "things" at the expense of "the little man" than in interacting with others as free enterprise allows for the mutual benefit of all.

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