AVN
Deity
Here are my points I like to argue at the moment (maybe more in the free debate phase, which is less restrictive).
(Bolding is mine)
You use a definition of capitalism here which IMO is quite uncommon, because even with heavy redistributions (as in social democratic countries) you still consider the system capitalistic (at least that's the way I interprete this paragraph and other statements you made in this thread).
But that means IMO that the only system we have ever had on earth is the capitalistic system, because people have always strived after becoming as wealthy as possible, to get as much possessions as possible. The people were only limited by the rules of their period.
For example in the feudal system the vassal and the serfs both tried to acquire as much possessions as possible, only the serfs were unfortunately forced to pass a great deal of their acquired possessions to the vassal.
So my conclusion is therefore that with your definition of capitalism, feudalism is a form of capitalism (whereas you consider them two seperate systems).
I believe we agree more or less on the definition of capitalism. In short people can decide themselves what to do with their money and possessions.
However I don't consider above problem a problem with capitalism, IMO there is a redistribution of money, because the people who are insured pay for the people who aren't insured, even if they don't want to do that.
(I'm aware that there are problems with health care in the USA, just as in a lot of other countries, but that's not the issue here).
FredLC said:Capitalism is a system where the right of ownership, and the disposition of such ownership, to commercial or personal purposes, are the primary guidelines for the civilian relations. This system is powered by drives that encourages the individuals to acquire even more ownership, what creates wealthy from the accumulation of value derived from the commercial exchange, enriching society as a whole. Mere mitigations of the ownership status (such as redistribution by welfare) does not disnature capitalism, for the basic premises remain the same.
(Bolding is mine)
You use a definition of capitalism here which IMO is quite uncommon, because even with heavy redistributions (as in social democratic countries) you still consider the system capitalistic (at least that's the way I interprete this paragraph and other statements you made in this thread).
But that means IMO that the only system we have ever had on earth is the capitalistic system, because people have always strived after becoming as wealthy as possible, to get as much possessions as possible. The people were only limited by the rules of their period.
For example in the feudal system the vassal and the serfs both tried to acquire as much possessions as possible, only the serfs were unfortunately forced to pass a great deal of their acquired possessions to the vassal.
So my conclusion is therefore that with your definition of capitalism, feudalism is a form of capitalism (whereas you consider them two seperate systems).
Mark1031 said:The best example where capitalism is inefficient do to inelasticity in demand is in health-care. We have agreed as a society not to deny urgent health-care to those in need, irrespective whether they have insurance or not. This means that people with an acute health crisis are treated in usually the most expensive way via emergency rooms. For the uninsured this cost is passed on in higher expenses for those who do have insurance. The care is paid for one way or the another however with the system we use in the U.S. is inefficient.
I believe we agree more or less on the definition of capitalism. In short people can decide themselves what to do with their money and possessions.
However I don't consider above problem a problem with capitalism, IMO there is a redistribution of money, because the people who are insured pay for the people who aren't insured, even if they don't want to do that.
(I'm aware that there are problems with health care in the USA, just as in a lot of other countries, but that's not the issue here).