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RE: Myths Of Our Economy: The Middle Class

in #informationwars6 years ago

Thanks for responding in such a clear and well worded manner, @lucylin :-) You illustrate in this response all the misconceptions about capitalism, communism and socialism I see very day in the defense of our failing capitalist economy.

We are heading to communism through crony capitalism.

Crony capitalism or a plutocracy in which the greatest financial powers literally buy the political power, killing democracy underway, is the end-station of any economic model based on the individual accumulation of wealth. Your "free market" seized to exist when we stopped "swapping", as you call it. Heck, individual freedom seized to exist as soon as we stopped swapping the stuff we made, grew or killed our-self. As soon as we discovered the power of community and started organizing ourselves in communities with shared commonalities, the simple swapping stops because you don't make your own stuff anymore. Almost all you consume is produced by other people and the fact that we're able to produce a vast surplus compared to our individual needs is also because we organize labor in our communities. It's not too hard to understand, I hope, that simple swapping doesn't do justice to that kind of communal organisation. And you can see this with your own eyes. There has never been a free market after the stone age, and there never will be: or would you rather return to the stone age?

Free market capitalism (impossible with a central bank), destroys monopoly.

In my opinion the illusion of a free market isn't possible without the central banks. How else would you sustain the illusion of eternal growth? These central banks, as well as all other forms of kartels, are the exact consequences of your free market ideology. Individual producers can swap and form a free market. We have evolved however and we consume only stuff made by organized groups of other people we'll never meet. I'm sorry to burst your bubble, but social organisation demands planning. Central planning even. Maybe something like a government..? Don't plan everything, but at least plan the avoidance of the natural tendency of capitalism to devolve into a plutocracy. They also call it "socialism for the rich", maybe you confused that, I don't know. And what do you think about FDR? Was he a communist to?

Kids get it free markets. It's that simple.

Like I said: they trade personal stuff. We're grown ups: we don't trade dolls. It's that simple.

Free markets are not ideas, they are just a simple natural dynamic...

They're as natural a dynamic as us building cities and roads between cities. Hence all the rules and regulations. See how that works? Organisation demands planning. I hope you can fathom that.

"Capitalism is an economic system based upon private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system, and competitive markets."

That's just a quick Wikipedia lookup; how do you not see that all freedom in that system seizes to exist at the very beginning of the definition, namely "private ownership"? How do you determine who privately owns what without a large body of laws and regulation to protect that private property? How can you not see the need for regulation on wage labor, the price system and who or what decides what competition is fair? And who warrants the producing class won't form their private socialist system by forming kartels, because together they best assure their continued profitability? The argument that it's the governments fault while the government does exactly what the capitalist lobbyists ask for, is laughable in my opinion.

Well, I think it's safe to say that I respectfully disagree with almost all you say here ;-) You use the same arguments I see a lot of anarcho-capitalists use, and that also an ideology I cannot agree with, for much of the same reasons I state here. Thanks again for your generous response though, I really do appreciate that and hope to see you back here in the future :-)

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