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yea dylan
a "pure" capitalism would pretty well resemble socialism.
everyone would have ownership
one thing about US capitalism is that the real creators and innovators work hard to come up with something good and great and get very little for their efforts -- the corporate world that exploits their energies and exertion and effort gains wealth from it without giving that much to the process.
posted by
Xeno-x
on March 12, 2005 at 7:57 AM
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Kooka Lives,
well-done post. Democracy means each person has an equal influence in government, in theory at least, while capitalism relies on disparities or inequalities in wealth.
Part of capitalism's appeal is ordinary people trying to get richer. If no one were richer than anyone else, that appeal would not be there.
Capitalism and democracy can coexist as you say. Capitalism should operate by the democracy's rules. That would spread capital and earning power more evenly among people, rather than promoting a class system.
Some would always end up with more because you can't equalize intelligence, strength and work ethic. You can equalize material opportunities, though.
posted by
Dyl_Pickle
on March 11, 2005 at 4:23 PM
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Eisenhower said it
"Beware of the military-industrial complex."
He knew something.
Now that we have failed to heed this warning, government is certainly in the hands of the military-industrial complex.
posted by
Xeno-x
on March 10, 2005 at 2:06 PM
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capitalism
basis of capitalism is that if you have the capital (money) then you can invest in an enterprise and then get a return on your investment if the enterprise does well
and incur losses if it doesn't
this is what a corporation is about -- selling stocks -- people buy if they can see a return on their investment
also, at stockholder meetings, each share of stock gets one vote.
only problem is -- other large companies or millionaires and such buy huge blocks of stock and control the corporation.
since the idea is to get a return on the investment, then the corporation wants to be profitable. Then at times what happens is that certain moral principles are sacrificed for the profit motive.
for profit, corporations will ignore environmental, employee concerns, and health and safety -- for profit, corporations will take short cuts that can harm the consumer -- for profit, corporations will not give full service or product -- profit can blind corporations and individuals to certain obligations to others and the natural world
historically, corporations don't care for much other than profits.
posted by
Xeno-x
on March 10, 2005 at 2:05 PM
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