Capitalism only works with honesty and integrity... otherwise only the corrupt rise.

Jarod said:
I spent a lot of time in Scandinavia, It is amazing.

The happiest nations in the world.
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Not really.It is obvious that you went to look at the scenery. You don't live there. The economy of Norway runs on a fairly low level. The economy of Finland is much better, as it practices capitalism and has a constitution.
 
Micawber said:
Nailed it, which is why the very idea of regulation is a debate negation point with corrupt rightards.

They take the same philosophical view of regulation en masse as the NRA does.

Oppsoe everything and we will be better off than if we think about each thing in its own nature and decide what is best.
That takes effort, best to to declare war to get reelected. Because their constituents are

IDIOTS
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Lies.
* The NRA does not oppose all government.
* The Republicans do not oppose all government.

Neither are anarchists, dude.

You can't use an extreme argument fallacy to justify destroying the Constitution.
 
Jarod said:
THis is why I believe well regulated Capitalism is best, but the regulation is essential. We need policies to prevent monopolies, criminals and trust fund baby's from running the world.
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You do not need to prevent monopolies at all. They are self destructive. All it takes is for some new company to come along and shoot that dinosaur's kneecaps off.

Theft is not capitalism.

Trusts are an attempt to prevent theft by the government.
 
Into the Night said:
You do not need to prevent monopolies at all. They are self destructive. All it takes is for some new company to come along and shoot that dinosaur's kneecaps off.

Theft is not capitalism.

Trusts are an attempt to prevent theft by the government.
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Ive seen it time and time again, a small guy tries to compete with a huge conglomerate, the conglomerate bullies him out, not with a better product or lower prices, but using the marketplace. It happened to a friend of mine, she designed a hairbrush that did not hurt kids when brushing their hair. She did very well at first, then suddenly the manufacturer told her they could no longer work with her, and the larger stores told her they would no longer sell the brush. Both happened at the same time as a large corporation offered to buy the company for less than the value of the inventory. She refused to sell, and they hit her with a cease and desist letter claiming they had several patients and trademarks that prevented her from continuing to sell the brush.

She fought for a while, but when all her savings were gone, she gave up and went back to her marketing job. The brushes are still sitting in her garage.

The ultimate result is that an innovative type of hairbrush is no longer available to the general public.
 
Jarod said:
The beautiful idea of capitalism is that if the government stays out of managing business, needs will be awoken by the market and the most efficient at providing those needs will prosper, and on paper, in theory this is absolutely true. Its really a beautiful thing the idea that left alone the market will sort itself out. It illustrates the hand of God in the equation, things do not need to be managed...

The problem...

Human greed that leads to corruption.

We need a force to counteract the harmful effects of detect, corruption and excessive greed. This idea does not work, when corruption is allowed. IN a world where unethical behavior is allowed and hidden from the public, the most corrupt succeeds over and above the best or most efficient. When large corporations collude to fix prices, form monopolies and use tactics such as built in obsolescence the market is left with the most corrupt rising to the top, not the best. When an uneducated public is left with fewer choices in the market, or when they are lied to with marketing tactics the beauty of capitalism is corrupted. This is why American has, in many markets, lost its edge. This is why other systems beat us with superior products. This is why an incompetent trust fund baby is wealthy while the hard working intelligent person born into poverty does not rise to the top.

The dream of capitalism is sullied by corruption.
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Some would say it is greedy for a lawyer to take 30-40% of a plaintiffs award

I suspect any lawyer would say “hey that’s the free market” right GayRod?

The problem with pointing a finger at someone is you typically have four pointing right back at you

I would be happy to limit the earnings of lawyers. They shouldn’t collect more than 5% of any award. That is only fair
 
Teflon Don said:
Some would say it is greedy for a lawyer to take 30-40% of a plaintiffs award

I suspect any lawyer would say “hey that’s the free market” right GayRod?

The problem with pointing a finger at someone is you typically have four pointing right back at you

I would be happy to limit the earnings of lawyers. They shouldn’t collect more than 5% of any award. That is only fair
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Where did I suggest we should engage in price caps? If my clients do not like what I charge, they are free to negotiate or go elsewhere, Sometimes I agree to a reduced fee, if there are circumstances that I believe justify it. Sometimes I unilaterally cut my fee. I recently refused to take a fee on a case because it did not seem right. Once I refused a three thousand dollar fee that I had earned, the client was so grateful she has sent me over $100,000 worth of work over the years.

The Bar Association requires that I do not charge an "excessive fee", and I never do. If I did, I could get disbarred and lose my right to practice law. In Medical Malpractice cases or cases against the State, my fee is capped by the government. The result is that it is often difficult to find an attorney who will sue the government or take on a medical malpractice case.
 
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Jarod said:
Ive seen it time and time again, a small guy tries to compete with a huge conglomerate, the conglomerate bullies him out, not with a better product or lower prices, but using the marketplace. It happened to a friend of mine, she designed a hairbrush that did not hurt kids when brushing their hair. She did very well at first, then suddenly the manufacturer told her they could no longer work with her, and the larger stores told her they would no longer sell the brush. Both happened at the same time as a large corporation offered to buy the company for less than the value of the inventory. She refused to sell, and they hit her with a cease and desist letter claiming they had several patients and trademarks that prevented her from continuing to sell the brush.

She fought for a while, but when all her savings were gone, she gave up and went back to her marketing job. The brushes are still sitting in her garage.

The ultimate result is that an innovative type of hairbrush is no longer available to the general public.
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Did she get a patent on the brush?
 
Jarod said:
Ive seen it time and time again, a small guy tries to compete with a huge conglomerate, the conglomerate bullies him out, not with a better product or lower prices, but using the marketplace. It happened to a friend of mine, she designed a hairbrush that did not hurt kids when brushing their hair. She did very well at first, then suddenly the manufacturer told her they could no longer work with her, and the larger stores told her they would no longer sell the brush. Both happened at the same time as a large corporation offered to buy the company for less than the value of the inventory. She refused to sell, and they hit her with a cease and desist letter claiming they had several patients and trademarks that prevented her from continuing to sell the brush.

She fought for a while, but when all her savings were gone, she gave up and went back to her marketing job. The brushes are still sitting in her garage.

The ultimate result is that an innovative type of hairbrush is no longer available to the general public.
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I knew a guy that started a business related to the work he did in the military


He and a few fellow war vets came together and started the business


it was doing VERY well as it was an awesome idea involving the protection of shipping vessels


None of them had enough money on hand to expand when it was NEEDED so they went public


within weeks some big guy bought a controlling interest and heaved every one of the Vets who started the business


They were out all their efforts and investments


fucked them good
 
MASON said:
"Capitalism is like a dead herring in the moonlight,it shines,but it stinks"!
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NOPE


when properly controlled and fettered by regulations, policing and taxing it is a thing of beauty


The power of a better idea.


IT NEEDS RULES


POLICE


AND A WAY TO MAKE IT PAY FOR ITS REGULATION AND THE WARE AND TEAR ON THE INFRASTRUCTURE



Capitalism is NOT an automatic setting like the idiots on the right claim it is



there IS NO AUTOMATIC SETTING


capitalism isn't for idiots


It takes Adults to operate it
 
Jarod said:
THis is why I believe well regulated Capitalism is best, but the regulation is essential. We need policies to prevent monopolies, criminals and trust fund baby's from running the world.
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This is how it is summed up...

There’s nothing “normal” about having a middle class. Having a middle class is a choice that a society has to make, and it’s a choice we need to make again in this generation, if we want to stop the destruction of the remnants of the last generation's middle class. Despite what you might read in the Wall Street Journal or see on Fox News, capitalism is not an economic system that produces a middle class. In fact, if left to its own devices, capitalism tends towards vast levels of inequality and monopoly. The natural and most stable state of capitalism actually looks a lot like the Victorian England depicted in Charles Dickens’ novels.

At the top there is a very small class of superrich. Below them, there is a slightly larger, but still very small, "middle" class of professionals and mercantilists - doctor, lawyers, shop-owners - who help keep things running for the superrich and supply the working poor with their needs. And at the very bottom there is the great mass of people - typically over 90 percent of the population - who make up the working poor. They have no wealth - in fact they're typically in debt most of their lives - and can barely survive on what little money they make.

So, for average working people, there is no such thing as a middle class in “normal” capitalism. Wealth accumulates at the very top among the elites, not among everyday working people. Inequality is the default option.

You can see this trend today in America. When we had heavily regulated and taxed capitalism in the post-war era, the largest employer in America was General Motors, and they paid working people what would be, in today's dollars, about $50 an hour with benefits. Reagan began deregulating and cutting taxes on capitalism in 1981, and today, with more classical "raw capitalism," what we call "Reaganomics," or "supply side economics," our nation's largest employer is WalMart and they pay around $10 an hour.

This is how quickly capitalism reorients itself when the brakes of regulation and taxes are removed - this huge change was done in less than 35 years. The only ways a working-class "middle class" can come about in a capitalist society are by massive social upheaval - a middle class emerged after the Black Plague in Europe in the 14th century - or by heavily taxing the rich.

https://www.thomhartmann.com/blog/2014/04/middle-class-not-“normal”
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The rest is at the link.
 
I think that, with the best will in the world, capitalism doesn't work at all. If it ever produces enough of anything, for instance, the price falls and production stops. Competition always leads to war, though various excuses are (naturally) always given. It cares nothing for the state of the world, only for profit. Does it produce a lot? In its productive phase it produces hugely, but then it stops and throws us out of work. In my view, it is a necessary stage, and we outlived it years since. It's showed us how to produce all we ever need, but stops us doing it.
 
Penderyn said:
I think that, with the best will in the world, capitalism doesn't work at all. If it ever produces enough of anything, for instance, the price falls and production stops. Competition always leads to war, though various excuses are (naturally) always given. It cares nothing for the state of the world, only for profit. Does it produce a lot? In its productive phase it produces hugely, but then it stops and throws us out of work. In my view, it is a necessary stage, and we outlived it years since. It's showed us how to produce all we ever need, but stops us doing it.
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Its a tool not an automatic setting


It works if you use that tool correctly



it needs to be properly fettered


that fettering can be adjusted with the circumstances if the economy


its an awesome part of a free nation
 
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