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Thread: Is Capitalism Dead or Merely Dying?

  1. #11
    Member fenrir's Avatar
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    Quote Originally Posted by labrea View Post
    October 22, 2017 Posted by Raúl Ilargi Meijer at 2:02 pm


    Seven years ago, the combined wealth of 388 billionaires equaled that of the poorest half of humanity , according to Oxfam International. This past January the equation was even more unbalanced: it took only eight billionaires, marking an unmistakable march toward increased concentration of wealth. Today that number has been reduced to five billionaires.

    Trying to understand such growing inequality is usually the purview of economists, but Bruce Boghosian, a professor of mathematics, thinks he has found another explanation—and a warning. Using a mathematical model devised to mimic a simplified version of the free market, he and colleagues are finding that, without redistribution, wealth becomes increasingly more concentrated, and inequality grows until almost all assets are held by an extremely small percent of people.

    “Our work refutes the idea that free markets, by virtually leaving people up to their own devices, will be fair,” he said. “Our model, which is able to explain the form of the actual wealth distribution with remarkable accuracy, also shows that free markets cannot be stable without redistribution mechanisms. The reality is precisely the opposite of what so-called ‘market fundamentalists’ would have us believe.”

    While economists use math for their models, they seek to show that an economy governed by supply and demand will result in a steady state or equilibrium, while Boghosian’s efforts “don’t try to engineer a supply-demand equilibrium, and we don’t find one,” he said.

    https://www.theautomaticearth.com/20...-merely-dying/
    "Some" feel the current economic system in America is corporatism, not capitalism. "Some" also feel today's inequality is a natural result of corporatism not capitalism. I feel there may be something to this concept.

    Corporatism not capitalism is to blame for inequality

  2. #12
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    Quote Originally Posted by Otto Throttle View Post
    You should move to Cuba or Venezuela. You'll certainly be happier because wealth redistribution is working so well there.
    How about Sweden, or Denmark, the country with the happiest people, ever mind the weather.

  3. #13
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    Quote Originally Posted by fenrir View Post
    "Some" feel the current economic system in America is corporatism, not capitalism. "Some" also feel today's inequality is a natural result of corporatism not capitalism. I feel there may be something to this concept.

    Corporatism not capitalism is to blame for inequality
    What ever it is, it aint working.

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    Quote Originally Posted by labrea View Post
    How about Sweden, or Denmark, the country with the happiest people, ever mind the weather.
    Go for it. Buh-bye.

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    Quote Originally Posted by Blueneck View Post
    I've noticed that there are a bunch of Republicans out there trying to sell the tax "reform" bill by stating Trump was elected because the American people want tax breaks for corporations because they know it will mean they are getting a raise.

    I seem to recall Trump getting huge applause for talking about forcing companies to come back to the US by imposing an import tax on them.
    Trump says whatever seems expedient at the moment. He knows his supporters will never notice the contradictions.
    Thanks from Panzareta

  6. #16
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    Quote Originally Posted by Otto Throttle View Post
    Go for it. Buh-bye.
    Believe me, there are days when Id consider it if I weren't so old.

  7. #17
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    Quote Originally Posted by Otto Throttle View Post
    When you say "direct more money to rich people" where do you suppose that "directed" money originates? I'm really interested in hearing your answer.
    It originates with the people.

  8. #18
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    If government and governors existed entirely outside of a capitalist system, like in another dimension kind of removed, capitalism might work. But when money is power money will buy power, and then use that power to acquire more money, and buy more power...

    The idea of using taxes and unions to oppose these tendencies within a capitalist system is often greeted with a lot of negativity, especially when it is called wealth redistribution.

    We're seeing wealth redistribution right now. When huge corporations pay no taxes, and hand legislation to members of Congress who then get it passed for them, when they fund almost every candidate in every election, the end result is that systems are built to redistribute wealth from the poor and the middle class to the wealthy. It has nothing to do with merit, nothing to do with being more efficient or smarter. It has everything to do with relentless aggressive angling for more and more ways to tilt the playing field so that more and more rolls down and into your own mouth.

    Economic competition should be recognized and acknowledged to function like all other competition. It has to be rigidly controlled, the goals have to be clear, the rules have to be fair, etc. Professional sports and the wildly entertaining degree of mastery we enjoy from professional athletes would simply not exist if there were no refs and no rules in basketball, just let the players police themselves.

  9. #19
    Anarquistador StanStill's Avatar
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    Quote Originally Posted by Paris View Post
    Money doesn't trickle down. But blood does. Stay tuned.


    for those that don't lisent Français, that's "light wages, heavy tanks"
    Last edited by StanStill; 27th October 2017 at 09:02 AM.

  10. #20
    Southern Strategy Liberal OldGaffer's Avatar
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    Quote Originally Posted by Otto Throttle View Post
    Go for it. Buh-bye.
    Tell us more about third world shit holes....but studiously ignore the facts from much more progressive industrialized nations that do not fit your fringe right wing narrative.
    Last edited by OldGaffer; 27th October 2017 at 02:58 PM.
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