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Capitalism ultimately fails

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  • Liberal
    Other Party
    Llos Angeles, CA
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    A simple walk through any grocery store reveals to me why capitalism ultimately leads to failure.... How many cereals do I need? How many different types of soda do I need? What about salad dressing? How many??? All this competition (corporations) with one objective....SEPERATING ME FROM MY MONEY...always a gimmick, a better product and usually under the guise of "selection", "better", "new and improved" and my favorite ...."twice the power"

    How many different types of vehicles must we have? A system created that teaches you to spend money. Let it circulate (they say ) It creates jobs. Economic growth. Consumer based economics...This is the best system...they say....... At its very core it creates a PIG. Of anyone.
    200 years ago ,people traded for what they needed. Salt for clothes. Silver for sugar, The list goes on- and- on. People needed these things. Does my family really need 25 different types of breakfast cereals (tooo much sugar)? Directly related to Diabetes....This is the system we call successful?

    The CEO of Hostess, probably Ivy league graduate....a success. He pimps five year old children with a sweetened Ding Dong or cupkake. This is a multi billion dollar company injecting diabetes into children. A SUCCESS.....Not good enough. Dolly Madison needs some of that "profit" (demographics) as well. This defines a "success" in this country. The amount of money he's able to make.....Take a look around of all the shit that is created with the sole objective of making money. The biggest money makers are usually tapped into mans biggest weakness.....his pleasure.
    Booze, sweet, sexual, stylish, lavish and ego boosting.
    I don't know anything about econmics. I have no degrees......I have sight. Google and Facebook are two of the richest corporations on earth. What exactly is it that they produce.???? I'm stupid. Explain this to me.

    Tele communications (DSS, Dish, Time Warner) MEGA BILLIONS......for what ...500 channels? The inernet and cable...mainly......can provide me with greater access and quickness to porn, gossip, advertising, and socializing. Am I correct? WHAT DO THESE CELEBRATED ENTREPENEURS really provide us with?....PLEASURE

    Capitalism: A system that needs you to spend money in order for it to work. It cannot survive without creating poverty. Here and Abroad. It's core message....MORE FOR ME....and None for you. This is the best we have to offer each other.
  • Independent
    Ft.myers, FL
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    L.A. Citizen Wrote: A simple walk through any grocery store reveals to me why capitalism ultimately leads to failure.... How many cerals do I need? How many different types of soda do I need? What about salad dressing? How many??? All this competition (corporations) with one objective....SEPERATING ME FROM MY MONEY...always a gimmick, a better product and usually under the guise of "selection", "better", "new and improved" and my favorite ...."twice the power"

    How many different types of vehicles must we have? A system created that teaches you to spend money. Let it circulate (they say ) It creates jobs. Economic growth. Consumer based economics...This is the best system...they say....... At its very core it creates a PIG. Of anyone.
    200 years ago ,people traded for what they needed. Salt for clothes. Silver for sugar, The list goes on- and- on. People needed these things. Does my family really need 25 different types of breakfast cereals (all heavy laden with sugar)? Directly related to Diabetes....This is the system we call successful?

    The CEO of Hostess, probably Ivy league graduate....a success. He pimps five year old children with a sweetened Ding Dong or cupkake. This is a multi billion dollar company injecting diabetes into children. A SUCCESS.....Not good enough. Dolly Madison needs some of that "profit" (demographics) as well. This defines a "success" in this country. The amount of money he's able to make.....Take a look around of all the shit that is created with the sole objective of making money. The biggest money makers are usually tapped into mans biggest weakness.....his pleasure.

    I don't know anything about econmics. I have no degrees......I have sight. Google and Facebook are two of the richest corporations on earth. What exactly is it that they produce.???? I'm stupid. Explain this to me.

    Tele communications (DSS, Dish, Time Warner) MEGA BILLIONS......for what ...500 channels? The inernet and cable...mainly......can provide me with greater access and quickness to porn, gossip, advertising, and socializing. Am I correct? WHAT DO THESE CELEBRATED ENTREPENEURS really provide us with?....PLEASURE

    Capitalism: A system that needs you to spend money in order for it to work. It cannot survive without creating poverty. Here and Abroad. It's core message....MORE FOR ME....and None for you. This is the best we have to offer each other.
    L.A. yes you've got the picture!!! Everyone wants to get rich over your dead body; Europe is different thanks to whatever; however the US sickness is spreading fast; it used to be an non "ego" society but is changing fast too because of the US.
    Why do you think "billionairs" run this country? The Government here is a "patsy" of the rich as well the Pentagon billionairs i.e. the war industry.
  • Liberal
    Other Party
    Llos Angeles, CA
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    Apple reported over 70 billion in profit for the first quarter...I thought it was a typo. For a goddamn phone and some music. They said it was greater than Brazil's GDP......BTW...made in China
  • Independent
    Ft.myers, FL
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    L.A. Citizen Wrote: Apple reported over 70 billion in profit for the first quarter...I thought it was a typo. For a goddamn phone and some music. They said it was greater than Brazil's GDP......BTW...made in China
    So, I guess "Apple" for president!! ( sure read the "bible; it started with an "apple" as well ; thus may end with an "apple") If you take the "Apple" logo then you see someone took a bite out of it; that must have been Adam. Because of that we were tossed out of "paradise" and are now in a "shit" hole called earth.
    Wow. those "novel" writers probably also wrote the "software" for Apple from "heaven".
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
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    As I have said in past posts, yes capitalism in its purist form, private ownership of everything with minimal regulatory laws...the free market decides everything, cannot survive. The same could be said for any socialist system where the state owns everything. What we have in the USA and Europe is a blend of capitalism and socialism, but right now tilted too heavy to capitalism for the USA. We need to shift more towards Europe's blend. Cuba's form of communism could never have lasted as long as it has without outside support...first from the old Soviet Union, then Venezuela, and always the Cuban refugees who send their capitalist earned money back to the home country.

    What we need is to elect people that can shift us away from current trends...someone like Bernie Sanders to lead the way and a whole bunch of think-a-likes in Congress. That ain't going to happen anytime soon. In any case, greed is the undoing of most economic-political systems.
  • Independent
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    where to start...

    disclaimer: i have not read adam smith's "wealth of nations" however i have read quotes from it as well as pages here and there.

    problem: capitalism is a philosophy. as such it is subject to variations and distortion. the term is actually political economy which is a step in the right direction since it assumes, correctly, that the political system and the economy are linked.

    false assumption: von hayek, friedman and others have made false conflation that free markets equals freedom and anything else leads, to borrow from von hayek, to the "road to serfdom." why is this a false assumption? because distortion and thereby the road to serfdom also lies on the road to so-called free markets.

    things to note: smith correctly noted that capitalism with out regulation leads to monopoly power concentration. capitalists do not want competition. the myth that competition and capitalism go together is false. this can be seen quite well in the fevered merger and acquisition mania of the '80's into today. the sole purpose of the capitalist is not freedom nor is it competition nor is it engaging in activities which are for the betterment of anyone including society. the sole purpose of a capitalist is to maximize his return upon investment. that is key to understanding capitalism. the rest of the philosophy is secondary to this important basic foundation. that the capitalist may in fact create conditions via his investment resulting in benefit to society is not the invisible hand, a term which has been completely altered from smith's original intent, but rather a coincidence. we can see in the example of the financial mess that the invisible hand didn't just remain invisible and thereby unable to move anything to benefit society it in fact did the opposite and gave society a prostrate exam using its whole fist.

    some terms:

    market - does not exist in the sense that it decides anything. only humans can make decisions. even the hft, high frequency traders, utilize computer programs developed by humans to make trade decisions. thus the market cannot decide anything.

    the free market - an invitation to chaos and outright fraud. we need only look at the gilded age for a sneak peek at the failures of lack of regulation.

    freedom - undefinable. what this term means depends upon the viewer's upbringing, personal history, belief structure, religious belief/non-belief etc. it is an excellent dog whistle but beyond that virtually worthless.

    ownership of the means of production - here we run head on into the manic, maniacal screams of "socialism! communism!" which emanate generally from the right. that concentrated monopoly power in the political economy and distortion of said political economy bending the will of the state to the will of the corporation and non-elected elites is fascism is lost in the uproar. such is the power of the distortion of history that the myth of "we defeated communism" supersedes the fact that fascism is the combining of corporate and state power. yet fascism in the minds of 'we the people" is associated with nazis and the holocaust and little else. after all 'the business of america is business." sorry for that little steaming puddle of sarcasm.

    l.a. brought up some excellent examples re: the grocery store and the myth of choice. in the case of food the giant agribusiness decides what you will buy. of course, yes, they do all kinds of market research and watch what brands move and which do not but that isn't truly choice. that cereals for instance are loaded with high fructose corn syrup and little nutritional value stems from agribusiness and marketers both tailoring the product and tailoring the taste of the consumer. this is a host/parasite relationship where the consumer is the host and agribusiness a parasite. there are various books written that describe the nature of how massive retailers such as mao-mart and target utilize collusion to impact the consumer and the same applies to agribusiness. the only choice that a consumer has when it comes to food is to buy local from local growers. even then the machine is in play in various ways but it is much closer true choice.
  • Independent
    Ft.myers, FL
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    Schmidt Wrote: As I have said in past posts, yes capitalism in its purist form, private ownership of everything with minimal regulatory laws...the free market decides everything, cannot survive. The same could be said for any socialist system where the state owns everything. What we have in the USA and Europe is a blend of capitalism and socialism, but right now tilted too heavy to capitalism for the USA. We need to shift more towards Europe's blend. Cuba's form of communism could never have lasted as long as it has without outside support...first from the old Soviet Union, then Venezuela, and always the Cuban refugees who send their capitalist earned money back to the home country.

    What we need is to elect people that can shift us away from current trends...someone like Bernie Sanders to lead the way and a whole bunch of think-a-likes in Congress. That ain't going to happen anytime soon. In any case, greed is the undoing of most economic-political systems.
    Schmidt; as always you've got brains. however what you already said "brains" are optional in this country.
  • Strongly Liberal Democrat
    Democrat
    Portland, OR
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    Schmidt Wrote: What we need is to elect people that can shift us away from current trends...someone like Bernie Sanders to lead the way and a whole bunch of think-a-likes in Congress. That ain't going to happen anytime soon. In any case, greed is the undoing of most economic-political systems.
    We have elected President's like Bernie Sanders before. Their names were Theodore and Franklin Delano Roosevelt. Theodore Roosevelt is my favorite President by a long shot, but FDR does come in at number two in my book.

    I would love to see Bernie Sanders or Elizabeth Warren be our next President, but the corporate media will make that a near impossibility. The only way I can see one of them becoming President is in the same way Teddy became President in 1901. Put them on the ticket to appease the progressive base and...well, you know the rest of the story.

    If only Bernie Sanders or Elizabeth Warren were twenty years younger. Politics ebbs and flows in this country and we will undoubtedly have another progressive revival in this great country of ours. The Reagan Revolution will find itself in the dustbin of history some day soon and progressives will rule the day again in the not too distant future. I agree that it ain't going to happen anytime soon, but I firmly believe it will happen again in my lifetime.