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#21
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This is from RP on Feb.26,2002. "Capitalism should not be condemned, since we haven’t had capitalism. A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. It’s not capitalism when the system is plagued with incomprehensible rules regarding mergers, acquisitions, and stock sales, along with wage controls, price controls, protectionism, corporate subsidies, international management of trade, complex and punishing corporate taxes, privileged government contracts to the military-industrial complex, and a foreign policy controlled by corporate interests and overseas investments. Add to this centralized federal mismanagement of farming, education, medicine, insurance, banking and welfare. This is not capitalism! " Peace | |||
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#22
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![]() Aspects of unfettered capitalism exist in society and have terrible implications. Speculative investment and the destruction of international trade barriers come to mind.
P.S. I don't want to have a philosophical debate about Marxism; it is an interesting theory and has some explanatory power, but I have no intention of shoving it down anyone's throats. It is a classical concept and worth mentioning when discussing the intersections of economics and politics. | ||
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#23
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https://en.wikipedia.org/wiki/Austrian_School | |||
Last edited by entruil; 08-24-2016 at 05:19 PM..
Reason: stuff
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#24
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If we have to use democratic methods the way you avoid "gibs" and riots is you use a timocratic method to decide voter eligibility. Then you create a way for those who desire to do so to progress into the timocracy based on some system of merit. Heinlein the sci-fi author and libertarian had proposed limiting citizenship and its rights to only those who served in the military. So something along those lines could be adopted.
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#25
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<Millenial Snowfkake Utopia>
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#26
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My last post still applies though^^
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<Millenial Snowfkake Utopia>
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#27
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#28
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#29
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#30
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Last edited by entruil; 08-24-2016 at 07:42 PM..
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