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PETRUS

(3,678 posts)
40. I agree wholeheartedly with your final paragraph.
Fri Jun 18, 2021, 01:34 PM
Jun 2021

It's not at odds with the point I'm trying to make. I'm less clear on what you're saying in your penultimate paragraph, although part of what I think you're suggesting I also agree with - specifically, that when capitalism (or the market system, or whatever one chooses to call it) was getting started people probably didn't know where things were heading, they were just doing what they wanted to do.

What I'm disputing is your opinion that capitalism is "a natural outcome of common conditions." All the evidence points to the contrary. To help explain my point, let me back up and talk about the historical record on a completely different topic. Humans everywhere use spoken language. Written language isn't entirely universal, but it did appear independently at multiple times and locations. However, the archaeological record (so far) indicates that alphabetical writing was invented in one place, one time, and spread from there. Now alphabetical writing is used by many people all over the world. The market system is similar. Cultures everywhere have concepts about property. Property relations that are essentially feudal or communal (often those two concepts coexist and overlap) developed in many different places at many different times, so one could argue that those kinds of arrangements do fit the bill of "a natural outcome of common conditions." Private property (as we understand it) and markets as a central organizing principle developed in one place just a few hundred years ago. The "common conditions" that you think inevitably lead to capitalism existed for thousands of years all over the world. But capitalism didn't pop up multiple times independently, and there would have to be some evidence that it did to give serious consideration to your idea. In some sense, all of history is inevitable - what happened, happened, and nobody can change the past - and we did get capitalism eventually. But it is a system imposed by the exercise of state power, and is unusual if one considers the full measure of human history.

Anyway, interesting discussion. I don't know if you want to carry on, but there are all kinds of segues and subtopics we could explore if you care to.

I would say that how well an owner accurately makes that sort of assessment determines whether their Hugh_Lebowski Jun 2021 #1
Capitalism isn't really a system Silent3 Jun 2021 #2
That's a peculiar statement. PETRUS Jun 2021 #30
You're listing a lot of acts of aggression and greed Silent3 Jun 2021 #34
... PETRUS Jun 2021 #35
I am not unfamilar with the historical perspective you're talking about... Silent3 Jun 2021 #36
I agree wholeheartedly with your final paragraph. PETRUS Jun 2021 #40
I guess a bunch of words need qualification Silent3 Jun 2021 #54
Thanks for continuing the conversation. PETRUS Jun 2021 #55
Big Corps with stocks are hogtied to making a profit for the stockholders and taking from the... Brainfodder Jun 2021 #3
but it didn't use to be this way slightlv Jun 2021 #19
Thanks for your thoughtful post. smirkymonkey Jun 2021 #22
I am well aware, that is why I am furious. Brainfodder Jun 2021 #25
Capitalism relies on inventiveness to solve a problem. cachukis Jun 2021 #4
What other economic system functions as well? comradebillyboy Jun 2021 #5
It can't be reformed I_UndergroundPanther Jun 2021 #6
It has to be reformed for it to continue. Adam Smith's analysis cachukis Jun 2021 #8
I never managed to finish reading The Wealth of Nations Sapient Donkey Jun 2021 #26
Appreciate the insight. Didn't finish it either. cachukis Jun 2021 #28
By the way, have you read Sapience by Harari? cachukis Jun 2021 #29
It's about power in ownership. RegularJam Jun 2021 #7
I agree slightlv Jun 2021 #20
The real problem with (under-regulated) capitalism is inevitable concentration of wealth Mysterian Jun 2021 #9
Owners? Who are the owners? MineralMan Jun 2021 #10
The question isn't really about Capitalism per se. Happy Hoosier Jun 2021 #11
Truthfully, customers and the stock market determine what owners make Hoyt Jun 2021 #12
Perhaps it's consumer wisdom versus moneymaker wile. cachukis Jun 2021 #13
I've always thought ymetca Jun 2021 #14
Humans have needs that must be met, or we die. MineralMan Jun 2021 #16
Agreed! ymetca Jun 2021 #18
That's a non-sequitur. PETRUS Jun 2021 #31
Not really Zeitghost Jun 2021 #33
No such centrally controlled system has ever succeeded for long. MineralMan Jun 2021 #38
No, I described commerce. The exchange of something valuable for MineralMan Jun 2021 #37
Huh? PETRUS Jun 2021 #41
All economic systems function on an exchange basis for transactions. MineralMan Jun 2021 #43
I don't require your interest. PETRUS Jun 2021 #44
That's good. MineralMan Jun 2021 #45
Some thoughts. PETRUS Jun 2021 #50
In Norway, it is considered KT2000 Jun 2021 #15
Capitalism can only work if it is tightly regulated to protect labor, consumers and the environment ShazamIam Jun 2021 #17
Capitalism is the balls of nature. Condoms, meh, birth control cachukis Jun 2021 #21
So exploiting others is natural. I disagree when the evidence shows that we advance when we ShazamIam Jun 2021 #23
Not saying I am fond of the capitalism within which we live, cachukis Jun 2021 #24
Owners are the most valuable members of a business. Mosby Jun 2021 #27
There are very few large enterprises that are individually-owned. MineralMan Jun 2021 #39
Employers do not set wages Zeitghost Jun 2021 #32
Republicanism is the problem with Capitalism gulliver Jun 2021 #42
This! peggysue2 Jun 2021 #48
Thank you. betsuni Jun 2021 #51
What would you replace it with? MoonRiver Jun 2021 #46
That is precisely the question, isn't it? MineralMan Jun 2021 #47
Exactly! And I still await the OP's rebut. MoonRiver Jun 2021 #49
Something about a revolution where the workers rally, speaking truth to power, billionaires are betsuni Jun 2021 #52
As a small business (law firm) owner, I think your premise is incorrect. TomSlick Jun 2021 #53
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