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Capitalism Produces - Socialism Distributes

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http://dailyreckoning.com/socialist-pigs/

Socialist Pigs

By Joel Bowman

06/30/10 Taipei, Taiwan Capitalism produces. Socialism distributes. The two systems do not coexist comfortably with one another. In fact, they are inimical.

Some of the most celebrated champions of socialism have coined terms like greedy capitalist or capitalist pig. By implication, a socialist is neither greedy nor a pig. But economic history suggests that socialists are just as porcine as their capitalist counterparts…maybe even more so.

Socialist maxims may score high marks for eloquence and pathos; but they score very low marks for economic wisdom. Capitalism produces. Socialism distributes. Without capitalism, socialism cannot function. In other words; socialism needs capitalism.

Intriguingly, the inverse is not also true. Capitalism has no need of socialism whatsoever. Capitalism distributes wealth by creating opportunity, forged in the crucible of open competition. Capitalism amasses the capital that invests in the enterprises that enable others to advance their financial conditions. Capitalism does not confiscate wealth and redistribute it. Capitalism multiplies wealth…and in the process redistributes opportunity.

Of course, productivity and wealth creation does not come from penalizing the most productive members of society. It comes from standing aside and allowing them to do what they do best, be that excavating minerals, building cars or growing bananas.

Left alone, the free market operates as a kind of evolutionary arms race. Companies compete to offer the same product at a better price, or a better product at the same price. Those that cannot keep pace eventually whither and die. Through this survival of the fittest process, prices are over time driven down and the quality of goods and services forced higher. In this fashion, those at the lower end of the socio-economic spectrum benefit most from the toils of companies competing to capture their business. And, the best part is that nobody has to steal a penny to pay for it. The capitalist pigs will finance the whole operation themselves…if only the safety-net socialists would get out of the way and let them.

Edited by ringledman

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Capitalism multiplies wealth…and in the process redistributes opportunity.

Like fück it does. Not without socialism.

Left alone it will just concentrate wealth and opportunity to an ever smaller number of people.

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depends. Am i marking this as a gcse or A level piece of work?

Relatively speaking though, one is just a bigger fail than the other.

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Like fück it does. Not without socialism.

Left alone it will just concentrate wealth and opportunity to an ever smaller number of people.

I wish we could put that to the test. Socialism on it's own would almost definately end in a bankrupt nation. I do not believe the same would happen with capitalism. Was the the country broke after 18 years of Conservative government? No it wasn't although some Labour thickos believe it was. And we all know the result of a prolonged Labour government, it has happened twice.

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Socialism, in fact any 'ism' except for (free market) capitalism has always seemed like an ideology to me, whereas capitalism seems the natural order of things (ie survival of the fittest). Ultimately, in a truly free market system, people would be free to set up their own small scale socialist 'communes' within, but at the same time seperate from a capitalist system., only it never works because people simply arent equal. Some are lazy, some proactive, some clever, some stupid. Thats why socialists never actually 'do' socialism, they instead steal from others. 'Socialism' has only ever worked in the context of the family and bloodline relationships, and even then, its usually only temporary.

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Like fück it does. Not without socialism.

Left alone it will just concentrate wealth and opportunity to an ever smaller number of people.

Has there ever been a truly capitalist society? I don't think so. There has been a truly socialist state and that lasted around 70 years till it ran out of money.

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'The problem with socialism is that eventually you run out of other peoples money to spend' as Thatcher said.

What I find awful is the way socialists knock anyone with a capitalistic view as nasty whilst believe that raping others of their hard earned money is somehow 'good' for society, whilst producing nothing of economic utility.

Edited by ringledman

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Are people really that blinded by politics that they think New Labour was a socialist government?

Do people think that the corporate takeover of governments all over the world is what capitalism is?

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'The problem with socialism is that eventually you run out of other peoples money to spend' as Thatcher said.

What I find awful is the way socialists knock anyone with a capitalistic view as nasty whilst believe that raping others of their hard earned money is somehow 'good' for society, whilst producing nothing of economic utility.

What do you do that creates economic value?

I know lots of public sector workers who create real economic value.

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'The problem with socialism is that eventually you run out of other peoples money to spend' as Thatcher said.

What I find awful is the way socialists knock anyone with a capitalistic view as nasty whilst believe that raping others of their hard earned money is somehow 'good' for society, whilst producing nothing of economic utility.

They assume every 'subject' is the same. They cant accept that if you give one man a million pounds he may well drink and gamble it away, whereas another might invest in an education and set up an accountancy practice, for example.

They believe inequality is chosen at birth, that nothing else matters.

They are right to an extent, but only an extent. I know many people who can disprove this theory.

Some of my friends are, financially at least, doing a lot better than me. I dont begrudge them for it, i'll freely admit im lazy, they work long days, and in the beginning for not much money. Unfortunately socialists wont accept my pragmatism, and expect me to riot and strike in order to get something for nothing.

I believe in equality of oppurtunity. Socialists believe in equality. Thats why i can never be a socialist.

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Has there ever been a truly capitalist society? I don't think so. There has been a truly socialist state and that lasted around 70 years till it ran out of money.

I thought socialism needed capitalism?

The Soviet Union doesn't count as a socialist country then.

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I build. And you?

Property developer eh.... ;)

I do nothing that I consider to be of economic value but companies pay me to do it so it must be....some private some public sector clients, little difference in my opinion.

I know public servants working for government funded universities and research institutes that are developing technology and medicine. I hate the dogma of "public sector bad : private sector good"

"Oh your a bin man for the council - blood sucking parasite"

"Oh you work for Clenaway collecting bins - what a wealth creating entreprenuer"

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I wish we could put that to the test. Socialism on it's own would almost definately end in a bankrupt nation.

What about the last 13 years.

Are people really that blinded by politics that they think New Labour was a socialist government?

So even a mildly socialist govenrment bankrupted us in 13 years.

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They assume every 'subject' is the same. They cant accept that if you give one man a million pounds he may well drink and gamble it away, whereas another might invest in an education and set up an accountancy practice, for example.

They believe inequality is chosen at birth, that nothing else matters.

They are right to an extent, but only an extent. I know many people who can disprove this theory.

Some of my friends are, financially at least, doing a lot better than me. I dont begrudge them for it, i'll freely admit im lazy, they work long days, and in the beginning for not much money. Unfortunately socialists wont accept my pragmatism, and expect me to riot and strike in order to get something for nothing.

I believe in equality of oppurtunity. Socialists believe in equality. Thats why i can never be a socialist.

So, in the more capitalist Victorian era, so beloved by Thatcher, there was a lot more equality of oppurtunity than now?

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Guest sillybear2

Using natural resources to argue against socialism is pretty weak, they're fungible shared resources, it's not like they were layed down by God with a certain corporation in mind. It's pretty clear that there is a natural monopoly that forms in certain sectors, especially finite assets and land, and monopolistic ownership by private companies can have deeply negative effects on everyone else.

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They assume every 'subject' is the same. They cant accept that if you give one man a million pounds he may well drink and gamble it away, whereas another might invest in an education and set up an accountancy practice, for example.

They believe inequality is chosen at birth, that nothing else matters.

They are right to an extent, but only an extent. I know many people who can disprove this theory.

Some of my friends are, financially at least, doing a lot better than me. I dont begrudge them for it, i'll freely admit im lazy, they work long days, and in the beginning for not much money. Unfortunately socialists wont accept my pragmatism, and expect me to riot and strike in order to get something for nothing.

I believe in equality of oppurtunity. Socialists believe in equality. Thats why i can never be a socialist.

Great post.

I't makes me sick when I hear that awful woman Harman go on about equality and fairness for all.

The problem with socialists is that there is never any belief that they determine their outcome. It is always the fault of others. Always the fault of greedy capitalists. Never the fault of their own. always someone to blame.

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What about the last 13 years.

So even a mildly socialist govenrment bankrupted us in 13 years.

Same as the States. I suppose Bush was a socialist?

Plenty of real socialist countries in Europe doing very nicely.

Edited by barry

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Do they have actual equality?

Im sure there are those on the breadline there too.

Do you honestly think there would be more equality of oppurtunity in a totally capitalist society with no public education system or universal healthcare than there currently is in Sweden, Norway, Denmark or Finland?

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Guest sillybear2

Same as the States. I suppose Bush was a socialist?

Plenty of real socialist countries in Europe doing very nicely.

Bush got there because of his daddy, he was a puppet of the elites, but of course we're meant to believe that "anyone can be president" bull$hit that the top 1% use as justification for monopolising the wealth of a nation. Hard work or intelligence doesn't come into it, it's just luck or being born into the right family, maybe G.W. really believes he got so far because he's brilliant and more deserving, worthy and clever than most, but I doubt it.

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Guest sillybear2

So even a mildly socialist govenrment bankrupted us in 13 years.

NuLabour stole from the many to give to the few... the few being the bankers, not the poor.

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Great post.

I't makes me sick when I hear that awful woman Harman go on about equality and fairness for all.

The problem with socialists is that there is never any belief that they determine their outcome. It is always the fault of others. Always the fault of greedy capitalists. Never the fault of their own. always someone to blame.

What percentage of wealth is inherited in this country?

I find people in the richest 1% of society, with 60% of the assets and wealth in their hands, lecturing the working and middle classes on how unsustainable their wage demands pensions are disgusting.

I believe in free markets and people making their own way in life BUT I also believe in a safety net for society and am prepared to pay for it. I do not regard a poor person getting welfare as stealing from me, I am glad to help them.

I worry for the sanity of the 99% who do the bidding of the 1% who own everything and would rather cut the benefits of the poor and disabled then ask for the 1% to share their wealth and assets that, in many cases were stolen or immorally earned.

Trickle down is a lie - all evidence supports that.

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  • 142 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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