Does capitalism require resets?

That's a might-makes-right argument that is entirely meaningless. What is "fair" is "what happens" which means that if I get everyone I know to spit on you where ever you go, that's fair because I convinced them. Or that I could go around and kick little kids with impunity, but because I was unrestrained in the choice to do so, that would be "fair".

Its only a might makes right argument if you don't accept the market system, or only accept it to a certain point. To which I ask, where is the redistribution line drawn? As I asked Camikaze in another thread, he, along with most of liberal CFC, would be perfectly fine with taxing "The rich" in excess of half their income, most of which would be to make the poor better off. I noted that if we were in their position, we might well be fine with it (I wouldn't, I'd rather give my money to anything, whether directly to the poor, a church, almost anything else, above the state) but I pointed out that on a worldwide scale, we already are. I obviously don't know your personal economic status, but even lower middle class America/Western society is probably in the top 1% worldwide. Why, then, should government not take half of YOUR income to give to the poor in Africa? After all, they are poorer than you, and you having money affects their ability to obtain wealth (Although not necessarily, businesses can create wealth as well, although I understand taxation does not automatically stop this, it depends on the rate, how speicfically it applies to capital gains, and other considerations. I am skeptical, however, that you can tax anywhere near half the income level of the wealthy without affecting wealth creation. Yes, the state itself will get more wealth but I'm not convinced society as a whole will make more wealth) so why not? Yet, you would likely vote against a "Money for Africa Party" that proposed exactly that. And I imagine this wouldn't just be because you're a selfish jerk. I imagine you think you are entitled to the money that you have worked to earn. But why does this arbitrarily stop at a certain income threshold? It makes no sense to me.

Of course, most of America's Wealthy are massive hypocrites for supporting higher taxes while not donating that money to the government on their own. Or at least, I think that's hypocritical. But that's just me.

If I really wanted to go farther than this, I'd point out Walter Block's criticism that lefties are massive hypocrites for walking around with two eyes or arms while some people have none;) But I'll let you slide on that for now if you answer the other questions:p

The world is finite. Everything we do imposes on someone else. We are social animals. Everything we do impacts someone else. Any time we pick a winner, we impact everyone. Anytime we stay "neutral", we are decidedly choosing the upcoming winner to win. Action and inaction is the same--they both lead to results and there's nothing inherently better about results that come from allowing the bigger guy to always win every fight.


I don't think you realize the implications of this. I'm sure there's a debate to be had on Good Samaritan Laws (For the sake of this post, the ones that compel assistance, the ones that protect people who voluntarily provide assistance are entirely irrelevant to this discussion). Of course, as a Libertarian I generally oppose such laws, but even if you think its a good idea, is it really equivalent to committing the crime yourself? Is failing to act to protect someone equivalent to causing the crime yourself? What if you fear harm coming to yourself? What if you were in a hurry to get to work and didn't realize how bad the accident was? Are you a murderer because of every single starving African child you could have donated to but didn't?

I gave varying levels of absurdity here, but the last one proves the point more than all of the others combined, either we are all mass murderers, which makes ethical discussions pointless, as if Hitler and Stalin sat down to discuss ethics, or we must otherwise admit that negligence is not the same thing as evil action. One is clearly worse than the other.

I don't know if you would agree with the proposition "Theft is wrong" or not, considering the growing defense of the practice on CFC, but if you believe theft is wrong, I don't see how you can possibily, consistently, advocate progressivism. You could perhaps argue for laissez-faire, anarchy of multiple flavors, Geoism, even a rejection of property rights in socialism or communism (Although I would argue "Property is theft" is a stupid claim because if there's no such thing as property than "Theft" isn't really ethically wrong in the first place) but I don't see how you can advocate for property rights "Except sometimes because it makes society better off." Utilitarianism isn't really a very good ethical system, at least IMO.

Terms like "fair" have to be governed by real-world morality, not by some circular logic based on anti-enlightenment ideals. In our case, base level human morality and your preferred version of a "free" market are at odds until the subject is sufficiently brainwashed into believe they are congruent. Here's a reasonable starting point: everyone has a right to live with dignity and well-being alongside others in community. Systems that trade those values for something else are probably bad systems. Using healthy markets as a pillar for society serves this end a lot better than subjecting all of society to markets defined by dollar amounts that buyers will pay. The market does not care if you live or die, if you are healthy or sick, happy or sad, cherished or abused. Only people can do that. This is why we set up systems to work for us, rather than working for the system.

I'm not convinced a truly free market is as likely to fail as those ideals, considering how government almost always tries to manipulate the market for special interests, and its really just a matter of what interests.

"Living with dignity and well-being" is a subjective term. Its something that is constantly changing. Today's poor are better off than the poor of our ancestors. If we could go forward 200 years in the future, we would likely laugh at the fact that the society we see, in which almost everyone today would have been poor in, still claims to have a 10% poverty rate. Technology kills poverty, its just the fact that poverty is relative and so we create the problem.

I'm not saying "True poverty" doesn't exist. Not yet. Just that "Poor" is really a subjective term, always changing. IIRC Adam Smith said this, that society's definition of "Poor" is always changing and so poverty will always exist.

You are right that the "Market" does not care whether you live or die, exc. The market isn't really sentient. Its merely a mechanism through which distribution of property is determined, generally first through homesteading of land (And assumed ownership of anything you create) and then voluntary trade allowing for the voluntary redistribution of property. If people have compassion, and people obviously (To various degrees) do, they can "Trade" some sum of money, food, exc. for absolutely nothing in return. Its called "Charity." The problem is that people are all too willing to tax, which is essentially (When it actually goes to the poor, the reality is much closer to it going to war, at least in the United States) forced charity, but they are unwilling to take that same amount from themselves that they would just as soon take from someone else.
Also you were correct to correct your economics teacher. It is worth noting that unions are a quasi economic, more-so political unit whereas a business is far more in the realm of economy than the political. So they aren't best treated as two sides of the same coin. But yes, businesses are market "distortions" as much as unions are

Unions do all sorts of different things obviously. What I had in mind was specifically collective bargaining, when a group of workers organize together and voluntarily "Collectively bargain" with a businessowner. I see nothing about this that is inconsistent with a free market economy. I also see nothing about a voluntary "Closed shop" that is incompatible with a free market either. A business could, of course, refuse to hire union employees, and if it does so it may well end up with no workers, which is part of how the market works, supply and demand.

My economic teachers argument was that unions exert market power, which is true, but so do businesses, the question is, is that a problem?

BTW my economics teacher is a Reagan conservative, and didn't really say whether he was against the existance of unions, merely that they manipulate the market and that they make it no longer free. But to say that manipulation of the market makes it no longer free is, I think, to misunderstand what a free market is (Or merely what I mean when I say "Free market.") What I mean by "Free" is that all transactions are voluntary and that government does not specifically interfere with the voluntary process. Unless I'm missing something, unions made up of purely voluntary associations (ie, nobody is forced to join) are completely compatible with a free market.
 
"I don't think you understand the ramifications of this".

Oh man this better be good.


Nope, no it wasn't. You tried to argue against me but instead you didn't even comprehend what I wrote.

Try again.
 
"I don't think you understand the ramifications of this".

Oh man this better be good.


Nope, no it wasn't. You tried to argue against me but instead you didn't even comprehend what I wrote.

Try again.


It's simple really. Coercion and violence are fine to get what you want so long as you don't do it by government. That's the kind of Somalia Libertarian he is.
 
If people have compassion, and people obviously (To various degrees) do, they can "Trade" some sum of money, food, exc. for absolutely nothing in return. Its called "Charity." The problem is that people are all too willing to tax, which is essentially (When it actually goes to the poor, the reality is much closer to it going to war, at least in the United States) forced charity, but they are unwilling to take that same amount from themselves that they would just as soon take from someone else.
I told you in that other thread to put up or shut up. You wisely decided to shut up. At least, that's what I thought. It seems you merely copped out so you didn't have to address my post, and could continue to spout your "charity" nonsense. And that is a pretty key part to your libertarian pipe-dream.

You, GhostWriter, know nothing, not a darn thing, about my motivations for not relying on charity alone. Do not pretend you do. You don't. You don't know what they are because you won't listen, you don't understand them because even if you would listen you do not grant them the simple decency of consideration.
 
(Although I would argue "Property is theft" is a stupid claim because if there's no such thing as property than "Theft" isn't really ethically wrong in the first place)
It's a contradiction, certainly. But is that to say that the claim is contradictory, or that the claim describes an already-existing contradiction?

You are right that the "Market" does not care whether you live or die, exc. The market isn't really sentient. Its merely a mechanism through which distribution of property is determined, generally first through homesteading of land
In what society did homesteading precede property? :huh:
 
It's simple really. Coercion and violence are fine to get what you want so long as you don't do it by government. That's the kind of Somalia Libertarian he is.

Sure, but that's still responding to his post that doesn't respond to mine. I just wrote a huge ass post about this but decided against it and deleted it (saved in a "never posted this" document :p) Instead I will say this:

If I say something...
  • And in context it means one thing... Definition A
  • But is interpreted in another context that didn't exist which changes the meaning... into B
  • And then is translated into more comfortable language... C
  • That itself has a separate meaning from the already out of context interpretation... C
  • And then the translation uses the most narrow of definitions... C
  • Which turn out to be the wrong ones... D
  • And then base an entire counter argument off that... D
  • But given that A isn't B, and that B might not be C, and that D is definitely not B if C isn't, and might not be B even if C was...
We have a counter argument that misses the point.

And no matter what I say, A, B, C, or D, it is always taken as D. But D isn't A, it's very unlikely B as it slashes and burns B to reach C, and it's probably not even C because C could mean other things than it's dictionary partner D.

I mean jeez, just watching one thing get twisted into the word "earn" and then seeing "earn" given one strict and contextually incorrect definition purely on ideological, tautological grounds was just plain painful to watch. "Earn" is such a socio-historically embedded word it has no inherent meaning.


P.S. Adam Smith said a lot of things. One thing he said was that people would be and should be paid good wages simply because other people in their communities would care about them, regardless of profit. That this element is what makes capitalism self regulating (he didn't use the word capitalism as Marx invented it).
 
Sure, but that's still responding to his post that doesn't respond to mine. I just wrote a huge ass post about this but decided against it and deleted it (saved in a "never posted this" document :p) Instead I will say this:

If I say something...
  • And in context it means one thing... Definition A
  • But is interpreted in another context that didn't exist which changes the meaning... into B
  • And then is translated into more comfortable language... C
  • That itself has a separate meaning from the already out of context interpretation... C
  • And then the translation uses the most narrow of definitions... C
  • Which turn out to be the wrong ones... D
  • And then base an entire counter argument off that... D
  • But given that A isn't B, and that B might not be C, and that D is definitely not B if C isn't, and might not be B even if C was...
We have a counter argument that misses the point.

And no matter what I say, A, B, C, or D, it is always taken as D. But D isn't A, it's very unlikely B as it slashes and burns B to reach C, and it's probably not even C because C could mean other things than it's dictionary partner D.

I mean jeez, just watching one thing get twisted into the word "earn" and then seeing "earn" given one strict and contextually incorrect definition purely on ideological, tautological grounds was just plain painful to watch. "Earn" is such a socio-historically embedded word it has no inherent meaning.


P.S. Adam Smith said a lot of things. One thing he said was that people would be and should be paid good wages simply because other people in their communities would care about them, regardless of profit. That this element is what makes capitalism self regulating (he didn't use the word capitalism as Marx invented it).

I still don't get it:p

It's a contradiction, certainly. But is that to say that the claim is contradictory, or that the claim describes an already-existing contradiction?

You're too much TF:crazyeye:
 
Another way of putting it, is I see this happening:

I say something, you interpret it in a completely different context than the one I was writing within. Then you simplify it into easily defined terms you are more comfortable using (that's pretty normal). Then you use a set of definitions within the simplification that are even more removed than the same words' definitions that are closer but still removed from the original meaning.

Basically it means what I'm writing about and what you're reading are very different things.

Part of this is vocabulary. As you continue to learn, and think critically about your own definitions of words, you will discover you are extremely biased by the definitions you automatically assume. If you are open to other definitions, your choice of language oppresses your intelligence much less.

A big reason you have the political beliefs you have is precisely because you only know certain definitions for words that have associated value-judgments. Understanding the depth of other definitions of those values-words (like freedom, earn, equal, fair, help, rich, poor, property, government, leaving alone, and so on) will allow you to examine truths from more angles and sides. You will be freer and come to smarter, richer conclusions. You will be able to participate in discussions without reducing everyone's arguments into your own dictionary that misses the scope of everyone else's discussion.

You've already expand your thinking and semantics-vocabulary enough that I know you are capable. It takes time, but it takes commitment to not assume you are right even about your most fundamentally held viewpoints. You should know that I too used to be libertarian when I was your age. To a point.

If something is unclear, it's always good to ask questions of clarification than to translate it into something you'd prefer they had written.
 
In 'capitalism' as it is generally understood, banks and their allies are made exempt from the rule of law. This kind of 'capitalism' will always have what the OP calls 'resets', which are in fact the financial warlord rulers/overlords/masters of the 'civ' demanding tribute/money for nothing. To call it anarchy would be an insult to that noble 'civic'. Capitalism as it is commonly understood is barbarism with banks standing in for the barbarians.

Capitalism would not require 'resets' if capital was subject to the rule of law like everyone else. That's why it spends so much money convincing us all that we're dirty/traitorous commies if we even suggest this.
 
Hygro, I find your effort quit adorable :) And this man gives good advice. Most of the time It is hard to learn that one's intellectual boundaries are tighter than one assumed. For the same reason, that every crack in ones self-identity tends to be unpleasant. But as in this case, it is often also a wonderful opportunity to grow.
 
Okay.
So when did you want to actually address the op? I already recognized that the trend can be softened. And I say that ignoring your "all is well"-conclusion, jumping with seemingly light speed from abstract premises to practical absolutes.
At what point did I say all is well? If you knew anything about my posting history on this forum it would be quite clear I do not think all is well with capitalism. I favour alot more regulation then the world has at current.

"Supposed" by who? Capitalism isn't a tool, it's a form of social organisation; to the extent that it has any function, it's simply to perpetuate itself, and monopoly is as able to do that as much as a competitive market is.
I take it you prefer having just one product to several then? For example you think that eventually it would be fine if Microsoft were the only company to produce computer software?
 
Sure, but that's still responding to his post that doesn't respond to mine. I just wrote a huge ass post about this but decided against it and deleted it (saved in a "never posted this" document :p) Instead I will say this:

If I say something...
  • And in context it means one thing... Definition A
  • But is interpreted in another context that didn't exist which changes the meaning... into B
  • And then is translated into more comfortable language... C
  • That itself has a separate meaning from the already out of context interpretation... C
  • And then the translation uses the most narrow of definitions... C
  • Which turn out to be the wrong ones... D
  • And then base an entire counter argument off that... D
  • But given that A isn't B, and that B might not be C, and that D is definitely not B if C isn't, and might not be B even if C was...
We have a counter argument that misses the point.

And no matter what I say, A, B, C, or D, it is always taken as D. But D isn't A, it's very unlikely B as it slashes and burns B to reach C, and it's probably not even C because C could mean other things than it's dictionary partner D.

I mean jeez, just watching one thing get twisted into the word "earn" and then seeing "earn" given one strict and contextually incorrect definition purely on ideological, tautological grounds was just plain painful to watch. "Earn" is such a socio-historically embedded word it has no inherent meaning.
And the academy award for post of the year goes to ...
 
I take it you prefer having just one product to several then? For example you think that eventually it would be fine if Microsoft were the only company to produce computer software?
What do my preferences have to do with it?
 
Free-market-capitalism is fairly straight-forward. The strong shall flourish and the weak perish. Relatively speaking.
So who are the strong? Many things can make you stronger. Education, but more essentially, approved and accepted qualification. Skills of various kinds. Networking.
But what has you really on the strong side is money. Money can get you anything. Most of all - more money.
But oh no who would have thought that - the gap between rich and poor is growing. S-h-o-c-k-i-n-g.
After all, the market is free, so it is fair, so it is just, so everyone can succeed or fail and that means social mobility and that means a just distribution of wealth.
O wait, this is all BS.

A growing gap between the rich and poor seems to be wired directly into what the free capitalistic market is - or not?
So what do we do about it? We can soften the trend, but we don't seem to be able to actually stop it. And while in relative terms the majority has less and the minority more, debt is pilling up and debt creating money demands to be served.

Is this system in dire need of periodic resets? Is it bound to spiral out of control? Am I a dirty communist?

What do you mean by "peroidic resets"? A war?
 
I posted my opnion. Why don't you post yours? Or are you just playing devil's advocate?
My opinion is that there is no teleology to capitalism, or any other form of society. There are no ideal forms to which societies tend, or even to which they can be expected to aspire. So how can we say that it is "supposed" to look like anything?
 
My opinion is that there is no teleology to capitalism, or any other form of society. There are no ideal forms to which societies tend, or even to which they can be expected to aspire. So how can we say that it is "supposed" to look like anything?
Oh come on, he just means that a fully functioning capitalist system, as described by the economic theory that forms its basis, would be like <this>. He's not using "supposed to" in a teleological sense; he's simply using it to describe what a functioning system would look like. A car is supposed to have 4 wheels -- are you going to confuse this statement with a teleological one too?
 
To assert an extra-perspectival functionality is very much to make a teleological claim. A car might need four wheels for you to consider it "functional", but that's not particularly necessary for these chickens. A claim that capitalism is "supposed" to function in a given way can only be non-teleological if an appropriate perspective is provided, and, further, it's established that we should recognise the validity of this perspective to the exclusion of all others.
 
Back
Top Bottom