MrRodgers -> RE: "Mexican Congress to hold death penalty forums" (1/25/2009 9:34:59 PM)
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ORIGINAL: slaveboyforyou quote:
What you describe is called the marketplace...not capitalism unless you wish to render the expression marketplace...meaningless. Capitalism came after the marketplace with the forced sale of gold to the govt. Investment via stocks or bonds do not create demand...it follows it. Capital is nothing at all but paper the ownership of which has no value but what goods or services I can obtain in exchange for it...through labor. (or what wall street retirement fund I can hit up to make me some real money) No, the marketplace is trade. Capitalism in it's purest form is the ownership of capital by private individuals. Capital is any form of wealth that can be used to make more wealth. It's not just paper ownership. quote:
To be a capitalist...all I need it capital. I need no 'practice' training or expertise...anything. All I need is an investment vehicle. With money I need not hire anybody but buy and sell things. The paper traders trade paper that has NO value at all. It is the 'marketplace' that gives paper including currency its value...not the investor. Rodgers; you're trying to equate Capitalism with loony, John Birch Society-esque, paranoid, conspiracy theories. You say capitalists like you think there is a group of greedy bankers in top hats and monocles controlling the economy with nothing but imaginary paper money. Capitalism is not just money changers and the stock market. It's how we trade, how we deal with real property, etc. You're being narrow in an attempt to paint a negative light on capitalism. The marketplace is not an economic system, it's simply trade. It can either be controlled by private individuals or the government. The marketplace is where capital resides...it is its home and the only place we determine if we will take it in exchnage for labor. Like Lincoln said...labor IS capital, without labor, you have NO capital, i.e...it is worthless. Capital is only paper...not labor, not goods and not services. For example, all of that wealth supposedly lost on wall street some trillions is really vacuous. There was no wealth until that paper was sold for real cash to somebody, i.e...regular liquidation of a 401K or IRA etc. Another example...there is always eventually a loser in this 'capitalism' sustained by the last buyer of paper who eventually takes the loses. That so-called 'wealth' on wall street was a culmination of speculative wealth and could have never entered the real market at anything like the 6 or $7 trillion since 'lost.' That money wasn't there. The treasury bailout money...isn't there. We have to get the Chinese, Arabs and Japanese to buy what...our federal paper. Another example...Madhoff was an investor and not getting into the obvious fraud but the last investor paid the previous investors. So just like wall street...the last buyer pays the previous buyer of say a stock or bond. Madoff's only problem is that he was too small to go to the treasury for a bailout. How John Birch and the bankers got into this...now that's looney.
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