-Caveat Lector-
William Shannon wrote:
I am a self-confessed liberal, and more specifically a
socialist. It's my experience however that most liberals
are capitalists through and through.
MJ:
Capitalism requires the complete separation of the economy
and the state -- as such NEITHER Rs or Ds are 'capitalist's
through and through'.
Nurev:
This is simply wrong. Capitalism COULD NOT EXIST without the
State. It is a fatally flawed and defective system which NEEDS
the state to prop it up to keep it going.
MJ:
Could you kindly elaborate? Specifically:
o how it is a 'flawed' system
o why it needs the State to exist
o how the State 'props it up'
Nurev:
Show me one place in the world or in history where there is an
ongoing capitalist system not dependent on the state.
MJ:
capitalism (kàp´î-tl-îz´em) noun
An economic system in which the means of production and
distribution are privately or corporately owned and development
is proportionate to the accumulation and reinvestment of profits
gained in a free market.
The Government 'intervening' negates 'privately owned means of
production and distribution.'
There has NEVER been a system of capitalism on any great scale
in all of history -- America came close during its first 150 or so
years.
You are identifying a 'mixed system'.
Regard$,
--MJ
It is not from the benevolence of the butcher, the brewer, or the
baker, that we expect our dinner, but from their regard to their
own interest. We address ourselves, not to their humanity but
to their self-love, and never talk to them of our necessities but
of their advantages. -- Adam Smith
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