-Caveat Lector-
MJ wrote:
The essential nature of capitalism is social harmony
through the pursuit of self-interest. Under capitalism,
the individual's pursuit of his own economic self-interest
simultaneously benefits the economic self-interests of
all others. In allowing each individual to act unhampered
by government regulations, capitalism causes wealth to be
created in the most efficient manner possible which
ultimately raises the standard of living, increases the
economic opportunities, and makes available an ever growing
supply of products for everyone. The free-market operates
in such a way so that as one man creates more wealth for
himself, he simultaneously creates more wealth for everyone,
which means that as the rich become richer, the poor become
richer too. It must be understood that capitalism serves the
economic self-interests of all, including the non-capitalists.
<snip>
Linda Minor wrote:
I agree with MJ here. The system he is advocating does not
exist.
MJ:
Exactly my point ... people lambaste capitalism by identifying
other systems as such.
Linda Minor wrote:
It is a figment of Ayn Rand's imagination.
MJ:
Ad hominem, capitalism is independent of Ayn Rand.
Linda Minor wrote:
Just look at the concepts he's discussing and see what a crock
he's trying to push down the the throats of the people on this
list:
MJ:
Ad populum, non sequitur, strawman ...
<snip> results/benefits of capitalism
Linda Minor wrote:
I believe capitalism is a commendable concept if it did not allow
so many advantages to the sons and daughters of those who have
already achieved or inherited wealth. All I would like explained
to me is why the children of wealthy people get to start so far
above the rest of us?
MJ:
Your 'green-ness' is shortsighted as it assumes the 'moron' who
inherits wealth can retain/build or otherwise not LOSE that which
was given him.
In response to your question, because the property was earned by
the parent who may dispose of HIS property as HE sees fit -- whether
to charity OR family OR otherwise.
Linda Minor wrote:
The problem with capitalism is that it allows wealth to be passed
down to the unworthy, just as socialism does. Show me a system
which truly allows everyone to start on an even playing field,
earn everything they get and get everything they earn, and I'll
be satisfied.
MJ:
Capitalism is your answer ... just as YOU should be free to do
what you will with your earnings -- however large or meager they
may be -- so others have that same 'right'.
How exactly does socialism 'pass wealth down' -- implying inheritance?
Regard$,
--MJ
Do you not know that freedom means competition, and that
competition, according to M. Louis Blanc, is a system of
extermination for the common people, and a cause of ruin
for the businessman? For evidence that the freer nations
are, the closer they are to destruction and ruination,
should we not look at Switzerland, Holland, England, and
the United States? Do you not know that, again according
to M. Louis Blanc, competition leads to monopoly, and
that, for the same reason, low costs lead to high prices?
That competition tends to exhaust the sources of
consumption and pushes production into a destructive
activity? That competition forces production to increase
and consumption to decrease? Whence it follows that free
peopls produce in order not to consume -- that liberty
means both opppression and madness, and that M. Louis
Blanc simply must step in and set matters straight?
-- Frederic Bastiat
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