On 5 May 2014 19:02, Bruno Marchal <[email protected]> wrote: > > On 04 May 2014, at 23:46, LizR wrote: > > On 5 May 2014 07:38, Telmo Menezes <[email protected]> wrote: > >> Yes, and this already happened. I would add that capitalism is not >> catching up with anything because it doesn't even exist at the moment. The >> money supply itself is not under the control of the market, so the system >> is non-capitalist at its core. Bitcoin is an attempt at real capitalism, it >> remains to be seen if it can survive. >> > > This is true, however real capitalism - free market capitalism - doesn't > work because it doesn't pay the full (i.e. environmental) price of > production. > > > Free market capitalism just stop to work when it is not free, and when > money is used to hide the fact that the products does not work or have bad > side effects. > > I'm not sure it works because what about the commons (infrastructure etc). People need to get together in larger groups that companies to provide those, i.e. you need some government. Or is this just quibbling over definitions?
> At least it hasn't to date, which means so far it's just been a bubble / > ponzi scheme. > > It has became like that. The power separations leak. > > It was always like that, whenever the environmental cost wasn't paid. The Earth was able to hide the cost for a while but the natural carbon sinks are getting full. > A system that paid fair wages and the full costs of production, and had a > free market and a government limited to providing infrastructure could be > called successful capitalism (or it could equally be called successful > communism) but we don't have it yet, > > We lost it, from time to time. > > And place to place. As long as you have an unfair system somewhere (e.g. Third World) the rest will exploit it any the whole system becomes unfair. We've always done this in the West (well for centuries). > > and until we do we can't claim that we've *ever* had a system that works. > > Capitalism works very well, unless it get sick. Everything alive can get > think. To attack capitalism, is like judging that blood is the culprit of > cancer, because blood feed the cancer cells. But blood (money) is not the > culprit: it is the cancer cells which pervert the blood circulation, and it > is the bandits which pervert the economy. > > Quite possibly but it has never yet been very healthy. Always there's been the British Empire in India or the slave trade of whatever (JUST RANDOM EXAMPLES (like the Crusaders) THERE ARE A MILLION MORE!!!) -- You received this message because you are subscribed to the Google Groups "Everything List" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To post to this group, send email to [email protected]. Visit this group at http://groups.google.com/group/everything-list. For more options, visit https://groups.google.com/d/optout.
