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First of all, tell me: do you know of any system that is free of greed or exploitation? Is greed/exploitation unique to Capitalism?Originally Posted by stateofsingularity
eNPHAN wrote:
that greed and exploitation run rampant in it.....Originally Posted by stateofsingularity
Now let me ask you: respectfully, what do you know about Capitalism?
am i wrong?
Question begging at its finest. Rather than answering or even addressing the question, you attempt to shift the onus by asking him to justify something that only superficially relates to his question. You might as well have replied by asking him to give a brief history of capitalism or something similarly superfluous.
Why?Originally Posted by stateofsingularity
eNPHAN wrote:
yet, ole boy above you said "that's not unique to capitalism"
but, im dead wrong...
yo, if you work for wall street or youre a finance major, just stay free of this thread
excersize your right to a capitalist NT board and use your ability to make a choice on the free market to go to another thread.
im asking you to comment on the film.
if you havent seen it, beat it.
Thats a very insecure stance.
Why? Because he asked the initial question and now you are trying to redirect it? That doesn't mean his stances are somehow "insecure".
(BTW, you may have meant "tenuous".)
Originally Posted by stateofsingularity
Let's take the other extreme: Socialism or better still, Communism.
Do you think they were all kittens and sunshine?
"Were"? Because these have been fully tested and uniformly deemed inferior to mature and fully realized free market capitalism?
1. You have just made one of the most fantastical statements I've ever heard - and I'm a NT lifer. I would love for you to attempt to justify that utterly amazing statement.Originally Posted by stateofsingularity
Capitalism, FYI is the only moral system we have. (1)
Prior to capitalism, how did people get rich? They had to kill and pillage for king, country or church. Capitalism came along and enabled common folk to improve their lot in life by serving their fellow men and women. (2)
Now, in the interest of full disclosure: I am working for a boutique firm, whilst finishing my graduate degree. Our firm, however, does not trade for itself or its clients. (3)
2. First, this is an ad hoc argument. Second, other than making cartoonish references to historical vagaries you have done nothing to prove anything. You're just saying words that sound like they relate to the topic.
3. Thank you for the disclosure. Even more so because I don't see how it would necessarily create conflict or bias, unless your concern (and perhaps justifiably) is that people would presume that a trader is necessarily some abhorrent form of capitalist. Personally, I did not make that presumption but kudos nonetheless for disclosing.
This I agree with.Originally Posted by stateofsingularity
eNPHAN wrote:
if the USA was truely capitalist and truely believed in a free market....
the banks and the american car industry would have tanked.
period.
so keep the theory in the classroom, sirs.
As do I. (I share this only to show that I'm not just writing to attack any and everything you say.)
Regarding your specific references to elders of the Austian School (and any other individuals to whom Libertarians ascribe their origins), all I have to do is raise you Keynes, Krugman, and Amartya Sen and the implied punch of your ad hominum* argument dissolves. And regarding your reference to Adam Smith...have you actually read The Wealth of Nations? Even just Book IV? If so, you would realize that Smith's famous "invisible hand" espoused a system that no longer tipped to favor the wealthy, but that at a minimum permitted the underclass(es) to play on even footing. I find it somewhere between troubling and revealing that a graduate student (presumably in some sort of economic science) would include Smith in your list of those defending capitalism in the face of all other economic systems.
*For a graduate student you seem blithely unaware of logical fallicies and how frequently you commit them.