General Discussion
In reply to the discussion: Capitalism is NOT a dirty word. [View all]TorchTheWitch
(11,065 posts)Capitalism is an economic system that provides ownership of private trade. Those two farmers trading apples and oranges are engaging in capitalism... they both own their trade goods, control how those goods are made, the property where those goods are made, decide how much their goods are worth, and decide how much the labor of the people that helped to create those goods is worth.
It is the most flexible of all the economic systems we've so far had in the world as depending on the laws that control the capitalist economy it can be anywhere from extremely liberal to extremely conservative. Even bartering is nothing but a simplistic unregulated form of capitalism and is not immune from conservativism... what if one has nothing with which to barter? How can they live? What happens if the farmer's crops fail and he has no capital? Let's not forget that the word capitalism uses the root word "capital" meaning you need some kind of capital in order to participate whether that's your labor or your goods. I social capitalism is the most fair as through socialistic laws that regulate the capitalist economy and fair taxes from everyone's earnings the government can then help out those that are in need whether it was the farmer's crops failing or an individual's inability to earn any income.
Corporatism is just a new word for fascism - the marriage of business and government to benefit only themselves. Which like it or not is what we got. Without a socialistic change for the better it will only get worse, and there can be no socialistic change for the better without a change in how our politicians are elected and operate. Private money must be removed from that system in order to divorce the business/government marriage. The money always resides with who has the power whether that's the government, the government along with a small group of individually wealthy or the people as a whole. The people can only have the power to control the system when they come together to do what is necessary to remove the power from the few and put it into the hands of the people and where the people are truly educated and informed through a strong educational system coupled with a strong truly independent media.
Socialism is the ideal capitalistic economic system in which the government uses socialistic laws to regulate the capitalism to the benefit of everyone. It is the most fair as it equalizes everyone to the extent that no one is poor and starving and no one is obscenely wealthy while also affording the ability to rise higher economically through one's own talents, skills, intelligence and hard work.
EVERY other type of economic system has failed, and by their very constructs ensured that it they are unfair and produces a society where there is the few supremely wealthy whether private individuals and their minions or government officials and their minions while the largest percentage of people are poor or on the brink and with no real way to elevate themselves out of that state. And that's pretty much where we are... when something like 75% of the people are one paycheck away from disaster the system is already a failure and will not get better without the average people coming together with one mind to change the system to a more socialistic one that is the most beneficial particularly for the people. The R vs. D perpetual battle is a distraction purposely constructed by those in power in order to keep the people from coming together or overthrowing a system that works for THEM whether they're R's or D's.