AlittleCrazy098 -> RE: Why Our Monetary System Will Crash....Gonna be a great ride! (3/25/2013 2:36:32 PM)
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ORIGINAL: MrRodgers quote:
ORIGINAL: AlittleCrazy098 quote:
ORIGINAL: MrRodgers When has the capitalist NOT 'liquidated' anybody as powerful, when they perceived they weren't going to play ball. I wouldn't call these people capitalists. Maybe corporatists but not capitalists. Early to bed, early to rise eh ? They are very close partners in their venality the only difference being the private corporation, not having turned his institution into paper. However, they all have a fiduciary responsibility...not to serve society first. I do agree that the first responsibility to a capitalist and corporatist aren't to serve the society. However, there are a lot more differences than "being the private corporation, not having turned his institution into paper." Which, I don't even know what you said even means. By nature, corporatism is defined according to sjsu as an "economy of a country [to]... be organized into major interest groups (sometimes called corporations) and representatives of those interest groups settle any problems through negotiation and joint agreement." In other words, corporations are an extension of government by which the corporation would settle economic distention through the process of bargaining. While the definition of capitalism is according to an "economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market]Websters dictionary as being "an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market." Which means that there is no bargaining happening between corporations but the free market adjusting itself out. When the two definitions are considered one sees a very significant void between the two systems and thus would see very different types of people advocating for each system For instance, a corporatist will support Keynesian economic policies, centralized banking, fiat monetary systems, subsidy programs, tax exemptions for industries or corporations, stimulus packages, "too big to fail," and total privatizations of entire industries. By contrast, capitalists will support free competition, no "too big to fail" policies, a gold standard or equivalent type of monetary system, no centralized banking, and no stimulus packages. When you consider the two philosophies there are very real differences between them that should be considered when looking at someone advocating capitalism vs. someone pushing for corporatism.
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