The Capitalist System Is Decaying Because Of Its Own Contradictions

Gotta thin the herd out every so often. The planet can only sustain so many people.

 

China's economy is based on capitalism. Deng Xiaoping who took over from Mao famously stated " "I have two choices. I can distribute poverty or I can distribute wealth." He had seen enough of the former under Mao.

 

That's completely false. The planet will accomodate easily the 9 - 10 billion predicted. The sentiment above however is the Malthusian basis for the global warming alarmism currently controlling the political public policy implementation we see in the US and Western Europe. It is based on the false premise that anything that alters the environment is bad when it is in the best interest of human life (as it has always been) to alter the environment for the good of mankind. If the welfare of humanity is placed above all other considerations it is obvious on the course of actions to take.

 

I believe Venezuela should merely use socialism to socialize the cost of the largest combine harvesters in the world, and solve a simple supply side problem through command economics and command economizing that economy back to prosperity.

It should be a business model, even if it may require a "Corp of Agricultural Engineers" to accomplish.

 

It doesn't have to. That is a political decision not an economic one.

 

The decision was made when our form of Government was Ordained and Established by our Founding Fathers.

 

Or forget all that ^^ and merely observe what socialism has done to Venezuela, one of the richest (in terms of natural resources) countries in the world.

 

just bad management; i gave you an example of what socialism can do.

 

No it wasn't. We were a mercantile economy in the 1700's

 

You misunderstand the social paradigm. Socialism starts with a social Contract, not some silly political jargon in any dictionary.

 

No I was talking about economics since this is a thread about economic systems, not Government 101 political abstractions.

 

Socialism is the definition of bad management. Read all about this and about how the developing world has relentlessly moved toward capitalism in "The Commanding Heights" - Daniel Yergin - 2002.

 

No, it isn't. Socialism merely requires social morals for free. That is the problem under Any form of Capitalism.

 

A prediction is just that and they have been known to be wrong.

 

Socialism is defined as gov control of industry which is the definition of bad management. Command of the economy of a nation from the heights of gov will always result in inferior performance than free market based economies.

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The prediction could be doubled over time with no problems.

 

Government does control industry. Minimum wage laws are an example.

 

That's actually price fixing which is a bad thing (reference Richard Nixon and Jimmy Carter) and results in job losses for low productivity workers due to increased product costs and a movement to automation.

 

It was only a matter of time after the capitalists discovered how to rig every system through the regulations and authoritative governments THEY themselves created to enrich themselves and their cronies. A capitalist who favors free trade??? You gotta be kidding me.

 

Econ 101 for you. A capitalist will by definition favor free trade. When capitalism become mixed with govt as in Obamacare you have liberalism or socialism or fascism or crony socialism but not capitalism. This is class one day one.

 

You are confusing crony capitalism (which is gov picking winners and losers via the tax code and regulations) with free market capitalism (which is what we all should strive for because it is based on comparative advantage). I'm not kidding you.

 

or to put it simply, the minimum wage makes it illegal to hire workers who are not worth the minimum wage and thus increases unemployment.

 

That remains to be seen.

 

And those are the workers who most desperately need the jobs in order to increase their productivity and get into the job advancement market. The best job training is a job. I for one have no problem with gov providing safety net support for those people who want to work at entry level wages. In the long run getting the maximum number of people in the workforce is the best policy because once in they will move up. It's a shame however that sometimes moving up incurs and economic penalty as the loss of benefits exceeds the increased earnings.

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It's being seen every day.

 

yes Walter Williams Ph.D is always pointing out that before minimum wage laws black teen unemployment was lower than white teen unemployment!! Today black teens (22% unemployment) often sell drugs and kill each other. The Republican 1950's were far better for everybody.

 

just bad management. Hoover Dam and the Fed were implemented and managed ok.

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the right wants to waste money on a wall, not trade.

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unemployment happens for profit motives regardless. this way, those employed at that wage are less dependent on our welfare-State for social services.

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How is that the fault of blacks? Why are the wealthiest not creating Jobs Booms with their wealth?