Re: The Blame Game
Posted: Thu Jan 27, 2022 10:03 pm
Actually, capitalism, is an economic function that can only operate where there are no government restrictions or controls at all. The belief that capitalism requires some kind of coercive agency (a government) to function is an Austrian school or Randian perversion of capitalism as a social condition. There is, at present, a very large capitalist network throughout the world operating successfully totally outside any political system. It's called the underground or black market (also called the "shadow economy") and in many countries is over fifty percent of the entire economy. Even under the most oppressive governments, the existence of the societies within those countries depends on whatever capitalist elements are able to exist, though very poorly.simplicity wrote: ↑Thu Jan 27, 2022 6:26 pmWhereas [technically] you are correct, capitalism cannot operate if it were not for a expansive set of legal doctrines [property rights, contract law, etc.]. Therefore, like all systems, it is intimately tied into the political system of which representative democracy seems to be the best fit.RCSaunders wrote: ↑Thu Jan 27, 2022 3:11 amHow can you write that with a straight face. If you've studied economics you know capitalism is not a political system (or any other kind of system) but a view of economic relationships, namely between produced value and reservinf wealth for future production, (i.e. not eating the seed grain).simplicity wrote: ↑Wed Jan 05, 2022 9:17 pm If you have studied economics to some degree, you might understand that capitalism, like most complex systems, ...
There may be politcal ideologies that intend to promote capitalist views, but there is no capitalist political system. The most common political systems in most of the world today are some variations of democracy. Capitalism is incompatible with democracy, which is why there has never been a country where capitalism was freely practiced, not even in the United States.
And remember, in the short-term [at least], the political usurps the economic.