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DesideriScuri -> RE: Another interesting article... (7/29/2014 3:46:52 PM)

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ORIGINAL: Zonie63
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ORIGINAL: DesideriScuri
http://mises.org/daily/6807/Thomas-Piketty-and-Mises-The-AntiCapitalistic-Mentality
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    Thomas Piketty and Mises’s ‘The Anti-Capitalistic Mentality’
    Mises’s treatise on why capitalism sits in the dock, falsely accused of various crimes against humanity, is a classic: bravely saying what still needs to be said. It offers a robust rebuttal to the jaundiced view of capitalism found (most recently and conspicuously) in Thomas Piketty’s Capital in the Twenty-First Century.

"Bravely saying what still needs to be said"? Isn't that spreading it on a bit thick?
The current view of capitalism is not unlike many people's view regarding politics. Yes, it might seem "jaundiced" at times, but that's to be expected when the prevailing political/economic system fails to meet the needs of the people or the nation as a whole.
I don't even believe that the view of capitalism is all that "jaundiced" though. Some people might be inclined to look at economic and political systems from a more objective and realistic standpoint, noting both the good and the bad. There are others who tend to be more ideological about their chosen belief system, turning more into religious fanatics and only looking at the good of their system, never the bad. They won't acknowledge anything negative about their "holy" beliefs, and anyone who does even remotely say anything negative can be said to have a "jaundiced" view (which would likely still be more accurate than a rose-colored view).
Capitalists simply can not handle even the slightest criticisms without becoming unglued and terribly emotional, invariably resorting to red-baiting, "love-it-or-leave-it," or "those-who-aren't-with-us-are-against-us" type of thinking. This was especially true during the Reagan-Bush years. If the tide of public opinion is starting to turn against them now, then a large part of it has to do with their arrogant and abusive manners in previous decades - and also due to the fact that their economic programs have failed to produce the results they said it would.
We went along with the policies and ideas that folks like Reagan and Bush said would be great for our country. They promised that America would be better off if we went along with "voodoo economics." Since America is quite clearly not better off today, then that means that capitalists have some serious 'splaining to do.
One thing I've noticed about capitalists: They take credit and reward for work done by others, yet blame everyone else for their own mistakes.


What really grates people who support Capitalism is criticism of Capitalism when it's not really Capitalism at work. The Corporatism we have today isn't really Capitalism. Therein lies the issue.

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In The Anti-Capitalistic Mentality, Mises asks: Why do so many people “loathe” capitalism? He gives a threefold answer.
1. "The first factor is simple ignorance."

Ignorance of what? Unlike those who are cocooned in academia, most of the rest of the public is aware of what system they're living under and can clearly see the results of that system, both the positive and the negative. Those who are doing well will embrace the system and support it, while those who are not will not. But I think it's safe to say that people are not ignorant of their own status. They know whether things are going well or not.


I linked to the article, brother! I wasn't going to quote it all out, but give a synopsis.

You asked, so...

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    The first factor is simple ignorance. Few people credit capitalism for the fact that they “enjoy amenities that were denied to even the most prosperous people of earlier generations.” Telephones, cars, steel-making, and thousands of other advancements are all “an achievement of classical liberalism, free trade, laissez faire, and capital” — with the driving force being the profit motive and the deployment of capital used in the development of better tools and machines and the creation of new products. Take away capitalism and you wipe out most or all of the extraordinary progress that has been made in raising living standards and reducing poverty since the dawn of the Industrial Revolution.


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2. "The second factor is envy, the green-eyed monster, which causes many people to think they have gotten the short end of the stick."

This is possible as a peripheral factor, although this should be expected as a natural reaction to any form of inequality or disparity in wealth. One problem here is that this statement carries the implication that there must necessarily be a "short end of the stick" in a capitalist society. It demonstrates ideological thinking and an inability to think outside the box.


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    The second factor is envy, the green-eyed monster, which causes many people to think they have gotten the short end of the stick. As Mises observes: “Capitalism grants to each the opportunity to attain the most desirable positions which, of course, can only be attained by the few … Whatever a man may have gained for himself, there are always before his eyes people who have outstripped him … Such is the attitude of the tramp against the man with the regular job, the factory hand against the foreman, the executive against the vice-president, the vice-president against the president, the man who is worth three hundred thousand dollars against the millionaire, and so on.”


The "short end of the stick" mentality isn't a necessity, but it's a reality. I'd love to make Lebron James type money, but I quite easily admit to not having the abilities that he has and is getting paid for. But, I don't begrudge him getting paid what he gets paid.

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3. "And finally, the third factor is the unceasing vilification of capitalism by those who seek to constrain or destroy it. "

This is a circular point, as much as saying "people hate capitalism because they hate it." Nothing to address here.


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    And finally, the third factor is the unceasing vilification of capitalism by those who seek to constrain or destroy it. As Mises notes, the critics and anti-capitalists go on telling and re-telling the same story: saying that “capitalism is a system to make the masses suffer terribly and that the more capitalism progresses and approaches its full maturity, the more the immense majority becomes impoverished.”


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But there is something else to worry about — something that caused Mises to lose sleep. That is the thought that the natural tendency under capitalism “towards a continuous improvement in the average standard of living” will be stymied by a growing “absence of capitalism” due to “the effects of policies sabotaging the operation of capitalism.” Among those perverse policies, Mises pointed to credit expansion, gunning the money supply, and raising minimum wage rates. Still more, he railed against progressive policies that diminish individual choice and leave more and more economic decision-making in the hands the state. Mises’s greatest fear was that people would “renounce freedom and voluntarily surrender to the suzerainty of omnipotent government.”

If capitalists are losing sleep and worried that people would "renounce freedom and voluntarily surrender to the suzerainty of omnipotent government," why can't capitalists try to offer a better choice and show some willingness to negotiate and compromise? That's where they lose credibility, since a little flexibility on their part would work wonders right about now. But time and time again throughout history, we've seen political systems overthrown and countries turned upside down, mainly as a result of those in power being too stubborn, arrogant, narcissistic, and egotistical to give even just a little bit. When facing such a brick wall of ideological intransigence, what can people do? What choices do they have?
What would capitalists be willing to give up in order to avoid "the suzerainty of omnipotent government"? If capitalists simply raised wages on their own - before they're asked to, before workers threaten to go on strike, before the government forces them to raise wages - then they could avoid a lot of the "unpleasantries" that come with government interference. But no, they stubbornly stick to their guns until the issue is forced and THAT'S what brings about all this loathing of capitalism.
I'm not saying that capitalism is ALL bad, but it's not all good either. As long as capitalists are willing to acknowledge this and willing to negotiate on a fair and objective level, then perhaps a balanced compromise can be achieved which would help us all sleep better at night. What are they willing to offer? Maybe if capitalists actually tried to look at this issue as practical business people rather than as rigid ideologues, they might be able to come up with better ideas.
Another aspect that needs to be examined is not just economic but the overall condition and position of the country as a whole. The role of the government in the economy became more predominant largely because it was necessary for our national security, such as active intervention in the free market during WW2. The government determined that the nation's survival was at stake, so they had to do what was practical - even if it mildly broke some of the tenets of capitalist orthodoxy.
Back then, they were willing to be flexible for the good of the country, but I don't see very much of this flexibility among capitalists of today.


Therein lies the problem, Zonie: finding the right mix of Capitalism and Government. There are those who want more G than C. There may be people who don't want any C, unless it's really all G. There will be those who want no G at all, too. Then, there are those people who want more C than G. Within that last group (and within the first group mentioned), you're also going to find people who are going to argue about the specific levels of both. It's not surprising to me.

The article was still quite interesting to read, imo.




tweakabelle -> RE: Another interesting article... (7/29/2014 5:19:18 PM)

quote:

ORIGINAL: DesideriScuri

http://mises.org/daily/6807/Thomas-Piketty-and-Mises-The-AntiCapitalistic-Mentality
    quote:

    Thomas Piketty and Mises’s ‘The Anti-Capitalistic Mentality’

    Mises’s treatise on why capitalism sits in the dock, falsely accused of various crimes against humanity, is a classic: bravely saying what still needs to be said. It offers a robust rebuttal to the jaundiced view of capitalism found (most recently and conspicuously) in Thomas Piketty’s Capital in the Twenty-First Century.

    In The Anti-Capitalistic Mentality, Mises asks: Why do so many people “loathe” capitalism? He gives a threefold answer.

  • 1. "The first factor is simple ignorance."
  • 2. "The second factor is envy, the green-eyed monster, which causes many people to think they have gotten the short end of the stick."
  • 3. "And finally, the third factor is the unceasing vilification of capitalism by those who seek to constrain or destroy it. "

    quote:

    But there is something else to worry about — something that caused Mises to lose sleep. That is the thought that the natural tendency under capitalism “towards a continuous improvement in the average standard of living” will be stymied by a growing “absence of capitalism” due to “the effects of policies sabotaging the operation of capitalism.” Among those perverse policies, Mises pointed to credit expansion, gunning the money supply, and raising minimum wage rates. Still more, he railed against progressive policies that diminish individual choice and leave more and more economic decision-making in the hands the state. Mises’s greatest fear was that people would “renounce freedom and voluntarily surrender to the suzerainty of omnipotent government.”


There is a far more straightforward reason why capitalism is disliked by so many.

It is the nature of capitalism that the few prosper and the many either barely scrape by or sweat their guts out to earn a decent living. So far more people have no stake in the system than those who profit from the system. Hence it's out of favour with the many.

The claim that "the natural tendency under capitalism “towards a continuous improvement in the average standard of living" is hilarious. Any improvements in the lives of the great majority of people in capitalist systems have to be forced out of the system by either political or economic action. The natural tendency of capitalism is precisely the opposite of that asserted in the OP -to resist any improvement in living standards of the great majority of people (and nations for that matter).




Zonie63 -> RE: Another interesting article... (7/29/2014 6:03:20 PM)


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ORIGINAL: CreativeDominant

Nicely laid out, zonie...without rancor.

In that same vein...you laid out some things capitalists could "give" on such as raising their employees' wages without being forced by the government to do so. I concede that this may be a valid point.

But...compromise requires give on both sides, generally of something you don't necessarily want to give but that is what makes the "give" valid and sincere.

So...name one thing that those on the other side of the table from the capitalists would be willing to give from their side? And it can't be something that comes from the capitalists in the first place. What government nicety or personal nicety would be given to the capitalists?


Well, the one point that should be made at the outset is that capitalists have already received quite a bit from being in the United States. Our independence and ability to secure our territory, along with a policy of expansionism which gave capitalists vast tracts of arable land and a whole continent teeming with resources. Our government was quite friendly to business interests from all sectors from the very beginning.

The one thing that government provides is protection, security of the state, and the enforcement of law. Without political harmony and civil order, capitalists wouldn't be able to accomplish thing one. That's something capitalists always seem to neglect when they formulate their business plans. How can a capitalist produce anything if his workers are rioting and burning down their factories? In order to prevent things like that and promote a balanced, harmonious society, government has to act as an arbiter. For their own interests, capitalists should allow the government the flexibility and latitude to be able to arbitrate fairly. That, to me, sounds like smart business.





Zonie63 -> RE: Another interesting article... (7/29/2014 7:31:46 PM)


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ORIGINAL: DesideriScuri
What really grates people who support Capitalism is criticism of Capitalism when it's not really Capitalism at work. The Corporatism we have today isn't really Capitalism. Therein lies the issue.


Fair enough, but why is that capitalists are the first ones to balk whenever someone wants to move the system away from corporatism? You complain about corporatism, but why go against proposals which would curtail or possibly end the corporate stranglehold on our nation and economy?

Today's corporatism is the result of implementing policies that the capitalists wanted back in the 1980s and 90s. You may not like corporatism, but you can't deny that it's because of ardent support of capitalistic policies that got us here in the first place. Deregulation, free trade, and other maneuvers designed to benefit the free market/private sector interests clearly did just that. Corporations are also part of the private sector, so it was only natural that they would wind up at the top of the food chain.

Capitalists typically refuse to see this as a consequence of the ideology they support. They seem to believe that any problems within our economy must be due to some nefarious intangible "communist plot" or something. It can never be due to anything they did or supported. It's always somebody else who is to blame.

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I linked to the article, brother! I wasn't going to quote it all out, but give a synopsis.

You asked, so...

    quote:

    The first factor is simple ignorance. Few people credit capitalism for the fact that they “enjoy amenities that were denied to even the most prosperous people of earlier generations.” Telephones, cars, steel-making, and thousands of other advancements are all “an achievement of classical liberalism, free trade, laissez faire, and capital” — with the driving force being the profit motive and the deployment of capital used in the development of better tools and machines and the creation of new products. Take away capitalism and you wipe out most or all of the extraordinary progress that has been made in raising living standards and reducing poverty since the dawn of the Industrial Revolution.


That's still a somewhat narrow and limited viewpoint which doesn't change my earlier point. This only looks at the good points of capitalism and ignores the bad, and it also completely disregards a plethora of other historical factors leading to the rise of Western power and prosperity in the 18th, 19th, and 20th centuries. This guy makes it sound like Capitalism descended in like Tinkerbell and magically transformed the world.

In short, it's not "ignorance" that he's addressing here. It's a lack of worship.

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2. "The second factor is envy, the green-eyed monster, which causes many people to think they have gotten the short end of the stick."

This is possible as a peripheral factor, although this should be expected as a natural reaction to any form of inequality or disparity in wealth. One problem here is that this statement carries the implication that there must necessarily be a "short end of the stick" in a capitalist society. It demonstrates ideological thinking and an inability to think outside the box.


    quote:

    The second factor is envy, the green-eyed monster, which causes many people to think they have gotten the short end of the stick. As Mises observes: “Capitalism grants to each the opportunity to attain the most desirable positions which, of course, can only be attained by the few … Whatever a man may have gained for himself, there are always before his eyes people who have outstripped him … Such is the attitude of the tramp against the man with the regular job, the factory hand against the foreman, the executive against the vice-president, the vice-president against the president, the man who is worth three hundred thousand dollars against the millionaire, and so on.”


I would find this view to be a bit of an oversimplification. Not everyone in this world is gripped by envy, but envy can very easily lead to ambition and greed which might lead to a favorable outcome from a capitalistic viewpoint.

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The "short end of the stick" mentality isn't a necessity, but it's a reality. I'd love to make Lebron James type money, but I quite easily admit to not having the abilities that he has and is getting paid for. But, I don't begrudge him getting paid what he gets paid.


Just as long as wages stay high enough so fans can continue buying tickets to his games. He won't be earning that kind of money if people can't afford the tickets.

You don't want the "short end of the stick" to get too short.


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3. "And finally, the third factor is the unceasing vilification of capitalism by those who seek to constrain or destroy it. "

This is a circular point, as much as saying "people hate capitalism because they hate it." Nothing to address here.


    quote:

    And finally, the third factor is the unceasing vilification of capitalism by those who seek to constrain or destroy it. As Mises notes, the critics and anti-capitalists go on telling and re-telling the same story: saying that “capitalism is a system to make the masses suffer terribly and that the more capitalism progresses and approaches its full maturity, the more the immense majority becomes impoverished.”


Well, it's not exactly so far off the wall as the author implies here. After all, Malthus and others of that ilk during the early days of the Industrial Revolution gave their own unique "moral justification" for the very atrocities which took place in the early days of capitalism. Of course, that was before a number of revolutions and wars gripped Europe and forced capitalism to make a few changes. In the US, similar changes had to be made, which ended the excesses of capitalism which characterized much of our history throughout the 18th, 19th, and early 20th centuries.

Things started to get better for the average citizen as capitalism became more restrained and regulated. But in recent decades, capitalists have been balking against that, saying that they don't want to be restrained and regulated anymore. They wonder why people are against unrestrained, unregulated capitalism, but given our history, it shouldn't really be that great of a mystery.



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If capitalists are losing sleep and worried that people would "renounce freedom and voluntarily surrender to the suzerainty of omnipotent government," why can't capitalists try to offer a better choice and show some willingness to negotiate and compromise? That's where they lose credibility, since a little flexibility on their part would work wonders right about now. But time and time again throughout history, we've seen political systems overthrown and countries turned upside down, mainly as a result of those in power being too stubborn, arrogant, narcissistic, and egotistical to give even just a little bit. When facing such a brick wall of ideological intransigence, what can people do? What choices do they have?
What would capitalists be willing to give up in order to avoid "the suzerainty of omnipotent government"? If capitalists simply raised wages on their own - before they're asked to, before workers threaten to go on strike, before the government forces them to raise wages - then they could avoid a lot of the "unpleasantries" that come with government interference. But no, they stubbornly stick to their guns until the issue is forced and THAT'S what brings about all this loathing of capitalism.
I'm not saying that capitalism is ALL bad, but it's not all good either. As long as capitalists are willing to acknowledge this and willing to negotiate on a fair and objective level, then perhaps a balanced compromise can be achieved which would help us all sleep better at night. What are they willing to offer? Maybe if capitalists actually tried to look at this issue as practical business people rather than as rigid ideologues, they might be able to come up with better ideas.
Another aspect that needs to be examined is not just economic but the overall condition and position of the country as a whole. The role of the government in the economy became more predominant largely because it was necessary for our national security, such as active intervention in the free market during WW2. The government determined that the nation's survival was at stake, so they had to do what was practical - even if it mildly broke some of the tenets of capitalist orthodoxy.
Back then, they were willing to be flexible for the good of the country, but I don't see very much of this flexibility among capitalists of today.


Therein lies the problem, Zonie: finding the right mix of Capitalism and Government. There are those who want more G than C. There may be people who don't want any C, unless it's really all G. There will be those who want no G at all, too. Then, there are those people who want more C than G. Within that last group (and within the first group mentioned), you're also going to find people who are going to argue about the specific levels of both. It's not surprising to me.


The problem we're facing today is that society is just too big and complex to expect it to run efficiently and orderly under laissez-faire conditions. Even back in the early days of cars, steel-making, and telephones (which the author credited to capitalism), there was also a great deal of violence and other labor unrest, in addition to other problems our country was facing. Eventually we realized that we really couldn't have laissez-faire capitalism and become a superpower.

Now that the powers that be have been pushing for a global economy and free trade, it makes the bigger picture all the more complicated and large. We can no longer think of capitalism as simply an isolated exercise that we practice within our own boundaries. If we have a global economy, then we have to consider the global ramifications of whatever we do. That's the reality that we're stuck with now.




CreativeDominant -> RE: Another interesting article... (7/29/2014 8:30:38 PM)


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ORIGINAL: Zonie63


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ORIGINAL: CreativeDominant

Nicely laid out, zonie...without rancor.

In that same vein...you laid out some things capitalists could "give" on such as raising their employees' wages without being forced by the government to do so. I concede that this may be a valid point.

But...compromise requires give on both sides, generally of something you don't necessarily want to give but that is what makes the "give" valid and sincere.

So...name one thing that those on the other side of the table from the capitalists would be willing to give from their side? And it can't be something that comes from the capitalists in the first place. What government nicety or personal nicety would be given to the capitalists?


Well, the one point that should be made at the outset is that capitalists have already received quite a bit from being in the United States. Our independence and ability to secure our territory, along with a policy of expansionism which gave capitalists vast tracts of arable land and a whole continent teeming with resources. Our government was quite friendly to business interests from all sectors from the very beginning.

The one thing that government provides is protection, security of the state, and the enforcement of law. Without political harmony and civil order, capitalists wouldn't be able to accomplish thing one. That's something capitalists always seem to neglect when they formulate their business plans. How can a capitalist produce anything if his workers are rioting and burning down their factories? In order to prevent things like that and promote a balanced, harmonious society, government has to act as an arbiter. For their own interests, capitalists should allow the government the flexibility and latitude to be able to arbitrate fairly. That, to me, sounds like smart business.


I don't believe any of the above answers the question I asked, zonie. I asked what one thing those on the other side of the table would be willing to give in exchange...in compromise...for the one thing the capitalists gave in my example.

Instead of stating what you think they would give, you give me the above which lays out even more that the capitalists should give; what they should be grateful for. We can get bogged down all day in what capitalists should be grateful for and what those in the other side of the table should be grateful for but that's an exercise in futility.

I asked a level-headed question, based on compromise and negotiation. Related to what you had talked about in your post. Can you not answer that, even in a spirit of what you and your friends would be willing to give?

Or do you want to divert from that path again?




MrRodgers -> RE: Another interesting article... (7/29/2014 9:34:46 PM)

Corporatism IS capitalism. Capitalism is 'moneyism' The Capitalist and the corporatism that results, outsource every expense, placing them on society, minimize the return on labor, shave or avoid every dollar of taxes even off-shoring profits and act totally and only in the interest of investors...not society and not country.

Capitalism at the partnership and personal level is...turning paper into money creating a world of mere speculation from which society becomes slave to their pricing. Capitalism does not add to GDP as production is always malleable to the best and least protective labor environment.

Capitalism is the antithesis of a free market which is last thing the capitalist wants. The capitalist wants 'his' market, with minimized competition, minimized regulation, buying into markets narrowing them further rather than create markets. There are no redeeming values in capitalism such as those that would present in a true free market, kept free and regulated by govt.




Zonie63 -> RE: Another interesting article... (7/29/2014 9:43:55 PM)


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ORIGINAL: CreativeDominant


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ORIGINAL: Zonie63


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ORIGINAL: CreativeDominant

Nicely laid out, zonie...without rancor.

In that same vein...you laid out some things capitalists could "give" on such as raising their employees' wages without being forced by the government to do so. I concede that this may be a valid point.

But...compromise requires give on both sides, generally of something you don't necessarily want to give but that is what makes the "give" valid and sincere.

So...name one thing that those on the other side of the table from the capitalists would be willing to give from their side? And it can't be something that comes from the capitalists in the first place. What government nicety or personal nicety would be given to the capitalists?


Well, the one point that should be made at the outset is that capitalists have already received quite a bit from being in the United States. Our independence and ability to secure our territory, along with a policy of expansionism which gave capitalists vast tracts of arable land and a whole continent teeming with resources. Our government was quite friendly to business interests from all sectors from the very beginning.

The one thing that government provides is protection, security of the state, and the enforcement of law. Without political harmony and civil order, capitalists wouldn't be able to accomplish thing one. That's something capitalists always seem to neglect when they formulate their business plans. How can a capitalist produce anything if his workers are rioting and burning down their factories? In order to prevent things like that and promote a balanced, harmonious society, government has to act as an arbiter. For their own interests, capitalists should allow the government the flexibility and latitude to be able to arbitrate fairly. That, to me, sounds like smart business.


I don't believe any of the above answers the question I asked, zonie. I asked what one thing those on the other side of the table would be willing to give in exchange...in compromise...for the one thing the capitalists gave in my example.

Instead of stating what you think they would give, you give me the above which lays out even more that the capitalists should give; what they should be grateful for. We can get bogged down all day in what capitalists should be grateful for and what those in the other side of the table should be grateful for but that's an exercise in futility.

I asked a level-headed question, based on compromise and negotiation. Related to what you had talked about in your post. Can you not answer that, even in a spirit of what you and your friends would be willing to give?

Or do you want to divert from that path again?



By stating what "we've" given in the past, it implies what "we're" willing to continue to give in the future. I thought that would answer your question. Unless you want to start your capitalistic enterprise in outer space or somewhere in international waters, then "we" will give you space on dry land for you to be able to conduct your business affairs. How's that for a start to our negotiations?





DaddySatyr -> RE: Another interesting article... (7/29/2014 10:19:54 PM)


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ORIGINAL: Zonie63

By stating what "we've" given in the past, it implies what "we're" willing to continue to give in the future. I thought that would answer your question. Unless you want to start your capitalistic enterprise in outer space or somewhere in international waters, then "we" will give you space on dry land for you to be able to conduct your business affairs. How's that for a start to our negotiations?



... and people wonder why businesses move over-seas.

It seems to me that when it comes to dry land and national security, the US isn't the only game on the planet.

I'm not a full-on capitalist but I'm not out to destroy businesses, either. I don't believe that government creates jobs; I believe entrepreneurs/businesses do. If we keep making the environment hostile to entrepreneurs/businesses, they're going to find a more welcoming environment.

I'm not talking about opening up the vault doors and giving businesses a free reign but, with the lethargic "recovery" we're experiencing, shouldn't we be doing something to encourage business growth?

More government jobs mean more tax money. We're already at a point where 47% are paying for 53%. Where is the breaking point (if we haven't reached it, already)?







Screen captures still RULE! Ya feel me?




CreativeDominant -> RE: Another interesting article... (7/29/2014 10:32:09 PM)


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ORIGINAL: Zonie63


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ORIGINAL: CreativeDominant


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ORIGINAL: Zonie63


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ORIGINAL: CreativeDominant

Nicely laid out, zonie...without rancor.

In that same vein...you laid out some things capitalists could "give" on such as raising their employees' wages without being forced by the government to do so. I concede that this may be a valid point.

But...compromise requires give on both sides, generally of something you don't necessarily want to give but that is what makes the "give" valid and sincere.

So...name one thing that those on the other side of the table from the capitalists would be willing to give from their side? And it can't be something that comes from the capitalists in the first place. What government nicety or personal nicety would be given to the capitalists?


Well, the one point that should be made at the outset is that capitalists have already received quite a bit from being in the United States. Our independence and ability to secure our territory, along with a policy of expansionism which gave capitalists vast tracts of arable land and a whole continent teeming with resources. Our government was quite friendly to business interests from all sectors from the very beginning.

The one thing that government provides is protection, security of the state, and the enforcement of law. Without political harmony and civil order, capitalists wouldn't be able to accomplish thing one. That's something capitalists always seem to neglect when they formulate their business plans. How can a capitalist produce anything if his workers are rioting and burning down their factories? In order to prevent things like that and promote a balanced, harmonious society, government has to act as an arbiter. For their own interests, capitalists should allow the government the flexibility and latitude to be able to arbitrate fairly. That, to me, sounds like smart business.


I don't believe any of the above answers the question I asked, zonie. I asked what one thing those on the other side of the table would be willing to give in exchange...in compromise...for the one thing the capitalists gave in my example.

Instead of stating what you think they would give, you give me the above which lays out even more that the capitalists should give; what they should be grateful for. We can get bogged down all day in what capitalists should be grateful for and what those in the other side of the table should be grateful for but that's an exercise in futility.

I asked a level-headed question, based on compromise and negotiation. Related to what you had talked about in your post. Can you not answer that, even in a spirit of what you and your friends would be willing to give?

Or do you want to divert from that path again?



By stating what "we've" given in the past, it implies what "we're" willing to continue to give in the future. I thought that would answer your question. Unless you want to start your capitalistic enterprise in outer space or somewhere in international waters, then "we" will give you space on dry land for you to be able to conduct your business affairs. How's that for a start to our negotiations?


so...in other words, nothing, despite what I noted about what capitalists give and what you give. I stated the concession you noted...the capitalists would raise wages...now what would you give...and your compromise is that you " would continue to give what you have.

That's not compromise...that's the position that only your side gives. Surely you dont really believe that? If you do, then you need only look in the mirror for the answer to " is it just the capitalists who refuse to budge...who refuse to give"?

Come on, zonie...prove me wrong. Answer the question I've asked.




DomKen -> RE: Another interesting article... (7/30/2014 2:51:01 AM)

quote:

ORIGINAL: CreativeDominant
I don't believe any of the above answers the question I asked, zonie. I asked what one thing those on the other side of the table would be willing to give in exchange...in compromise...for the one thing the capitalists gave in my example.

Instead of stating what you think they would give, you give me the above which lays out even more that the capitalists should give; what they should be grateful for. We can get bogged down all day in what capitalists should be grateful for and what those in the other side of the table should be grateful for but that's an exercise in futility.

I asked a level-headed question, based on compromise and negotiation. Related to what you had talked about in your post. Can you not answer that, even in a spirit of what you and your friends would be willing to give?

Or do you want to divert from that path again?


Piketty answered that very early on in his book.
Labor provides to the Capitalist ever increasing productivity. 

Fundamentally people like to work and do good work. So given the opportunity they will be productive and as technology advances they become more productive thus multiplying the Capitalists investment without him having to do anything.




Zonie63 -> RE: Another interesting article... (7/30/2014 6:21:57 AM)


quote:

ORIGINAL: CreativeDominant
so...in other words, nothing, despite what I noted about what capitalists give and what you give. I stated the concession you noted...the capitalists would raise wages...now what would you give...and your compromise is that you " would continue to give what you have.


No, I didn't say "nothing." But you have to admit that capitalists have not paid their fair share of what they've already taken and received. I just figured that they might want to do the right thing and make up for the past centuries of excess, atrocity, and greed. But from what you're saying here, you seem to think that capitalists have done no wrong and can never do any wrong. That's neither logical nor an indication of good faith negotiation. This identifies the central problem within any debate about capitalism or economics in general, since the belief is all that matters to them. Ideological capitalists and economists aren't so much businessmen or scholars as much as they are "guardians of the faith." That's why it's difficult to negotiate with them.

As for raising wages, the return should be obvious, even to a capitalist. If workers have more money in their pockets, they're able to buy more, which is one thing that capitalists want, no? Your workers will be happier if they're paid better, thus increasing productivity and lowering turnover. Plus, the chances of a workers' revolt would also be significantly reduced, so that's another thing that capitalists would gain.

What more do you want?

quote:


That's not compromise...that's the position that only your side gives. Surely you dont really believe that? If you do, then you need only look in the mirror for the answer to " is it just the capitalists who refuse to budge...who refuse to give"?

Come on, zonie...prove me wrong. Answer the question I've asked.



The problem here is that you're refusing to recognize all the things that capitalists have already gotten for free, without giving up a single thing. You also seem to have forgotten that, historically, whenever workers are pushed to the breaking point, bad things start to happen, especially to capitalists. All I'm really saying here is, capitalists need not wait until it gets to that point.

Overall in the past few decades, workers have taken wage/benefit cuts, while contending with higher prices, higher rents, higher taxes, additional fees, higher co-payments, and so on. Capitalists said, "Support deregulation, and America will be better off." They lied. Capitalists said, "Support Free Trade Agreements, and America will be better off." They lied about that, too. It's not just about which side is willing to budge, but also which side is willing to tell the truth. And that's not your side.




CreativeDominant -> RE: Another interesting article... (7/30/2014 7:53:10 AM)

I conceded that capitalists have received much. I've yet to see you concede that society or people in genneral have gotten anything from capitalism. In that, you are doing exactly what you accuse me of...you expect capitalists to own up to taking from your side of the table and never giving. Then continue to blame...and dodge...when someone says something like " o.k., we are going to start this process of negotiate and compromise. We will start it off by paying you a higher wage. Now then, a higher wage is not being paid to you so that you'll work harder...it is being paid to you in recognition of the work you've shown us and in hope that the same level will continue. Now then, that said...more money for the SAME level of work (because after all...that is what is 'fair'...and what you noted should be done) hurts...there are things we cannot do because we will have less since we gave you more. What are you going to give, from your side, that comes directly from your side? (and I am not talking about what you've already given or vague promises of something that cannot be seen such as 'more work and more productivity' (remember, that was not asked for in exchange for more money. And more work would eventually lead to whining about doing more work for the same amount of money)...I am talking about 'give'. Something that you don't want to give but is a sign of good faith and fairness from your side of the table.

Now, do you want to answer that without a mother railing at capitalism...an honest answer of what is to be given for THAT which I noted or do you wish to feel tap-dancing around it?




Zonie63 -> RE: Another interesting article... (7/30/2014 8:13:43 AM)


quote:

ORIGINAL: DaddySatyr


quote:

ORIGINAL: Zonie63

By stating what "we've" given in the past, it implies what "we're" willing to continue to give in the future. I thought that would answer your question. Unless you want to start your capitalistic enterprise in outer space or somewhere in international waters, then "we" will give you space on dry land for you to be able to conduct your business affairs. How's that for a start to our negotiations?



... and people wonder why businesses move over-seas.

It seems to me that when it comes to dry land and national security, the US isn't the only game on the planet.


True, and if these businesses want to move overseas, then they should at least have a sense of honor and give up their citizenship.

quote:


I'm not a full-on capitalist but I'm not out to destroy businesses, either.


Neither am I, but the way things are going, businesses are destroying themselves and each other quite effectively without any outside help or prodding from the left. Historically, most people don't feel any great urging to destroy businesses, but in the past, it has come to that whenever conditions become so extreme as to leave little other choice.

Keep in mind that one of the key points in the OP's article was that capitalists are losing sleep and growing more concerned that the people will "renounce freedom and voluntarily surrender to the suzerainty of omnipotent government." If this is really such a growing concern to them, then what are they doing about it? What would you or anyone else here be willing or able to do in order to convince enough people to refrain from surrendering to the suzerainty of omnipotent government? What would the capitalists be willing to do? All they've really done these past decades is preach the same old tired rhetoric, trying to relive the past glories of the "Reagan Revolution."

But all those promises of a better future turned out to be empty, without any substance whatsoever. It was all talk. So what is their answer? They just keep giving us the same empty talk, full of useless platitudes and specious reasoning. Rather than try to come up with something new and different, or at least updated based on what we've learned since the 1980s, they still keep spouting off the same stuff, over and over, like some kind of broken record.

Do they seriously not recognize that their rhetoric is getting stale and fossilized? Do they really not know why more people are starting to get fed up with all their empty talk?

quote:


I don't believe that government creates jobs; I believe entrepreneurs/businesses do. If we keep making the environment hostile to entrepreneurs/businesses, they're going to find a more welcoming environment.


I think it's a bit more complicated than that. I think the term "create jobs" is a bit of a misnomer in the first place. It would be more precise to say that jobs are facilitated using resources and technologies which have already been created and/or passed down from previous generations. Of course, there are differences in how they're facilitated, depending on whether it's done through the public sector or the private sector.

I don't think that we are making the environment hostile to entrepreneurs or businesses. The businesses itself and the nature of capitalism create that hostile environment. After all, it's a "dog-eat-dog" world out there. It's also been called a "rat race," where people are under pressure to "keep up with the Joneses." It's an "every man for himself" philosophy which breeds hostility; that's just a natural consequence.

quote:


I'm not talking about opening up the vault doors and giving businesses a free reign but, with the lethargic "recovery" we're experiencing, shouldn't we be doing something to encourage business growth?


Sure, there are lots of things we could be doing to encourage business growth, but nobody can seem to agree on what to do. Both sides are pretty stubborn on a lot of things. I won't deny that. But the current situation didn't develop overnight. It was a long time coming.

Thing is, we already did open up the vault doors and gave businesses free rein, but much to the surprise of the free-market capitalists, they didn't do the right thing and ended up stealing all the money.

"Well, golly and gee-whiz. We never even considered that they would do anything wrong. Well, shame on them! That's not capitalism!"

quote:


More government jobs mean more tax money. We're already at a point where 47% are paying for 53%. Where is the breaking point (if we haven't reached it, already)?


I agree that there needs to be greater fiscal responsibility. Regardless of where one stands on the political spectrum, waste, inefficiency and corruption are never to be considered good things. No doubt that we have to rein in government as well.

Another part of the problem is the trade deficit and the fact that more money is leaving the country than is coming back. At least government spending and financial boosts from the bottom tend to stay within the country and recirculate throughout the economy, but once it leaves the country, it's gone. That's why the recovery is slow and more people are feeling the pinch. Much of it is a natural consequence of globalism, since different areas of the world are at vastly different economic levels and standards of living. As a result of integrating much of the world into a unified global economy, there will be a natural push towards equilibrium, which will mean that "first world" countries will (by necessity) decline while "developing" countries will improve.

Of course, this might also be dependent upon availability of resources and environmental factors which may affect life on this planet, in addition to various political forces at work. Despite differences in philosophy, I still say that it's better to look at things on a practical level, not an ideological one.

I'm not saying that we should roll over capitalists or anything like that. The most I ever do is call them out on their bullshit, but I don't advocate any revolutionary philosophy. (I'm a Keynesian, for the most part.) But I'm aware that when things are allowed to fester unaddressed for too long, the conditions for revolution become more prevalent. It's happened before. I'm just saying that the leaders in our society need to smarten up, or we might all be in the shitter someday.




Zonie63 -> RE: Another interesting article... (7/30/2014 8:28:19 AM)


quote:

ORIGINAL: CreativeDominant

I conceded that capitalists have received much. I've yet to see you concede that society or people in genneral have gotten anything from capitalism. In that, you are doing exactly what you accuse me of...you expect capitalists to own up to taking from your side of the table and never giving. Then continue to blame...and dodge...when someone says something like " o.k., we are going to start this process of negotiate and compromise. We will start it off by paying you a higher wage. Now then, a higher wage is not being paid to you so that you'll work harder...it is being paid to you in recognition of the work you've shown us and in hope that the same level will continue. Now then, that said...more money for the SAME level of work (because after all...that is what is 'fair'...and what you noted should be done) hurts...there are things we cannot do because we will have less since we gave you more. What are you going to give, from your side, that comes directly from your side? (and I am not talking about what you've already given or vague promises of something that cannot be seen such as 'more work and more productivity' (remember, that was not asked for in exchange for more money. And more work would eventually lead to whining about doing more work for the same amount of money)...I am talking about 'give'. Something that you don't want to give but is a sign of good faith and fairness from your side of the table.

Now, do you want to answer that without a mother railing at capitalism...an honest answer of what is to be given for THAT which I noted or do you wish to feel tap-dancing around it?


Okay, well, perhaps we're getting on the wrong track here. Let's back up a bit. I was referring to an article in which it was stated that capitalists were "losing sleep" and genuinely concerned that the people will "renounce freedom and voluntarily surrender to the suzerainty of omnipotent government." This is taken from the article.

This is something that the people could conceivably do. As I just mentioned in my previous post, it's happened before.

So, you ask what "we the people" are willing to give? How about not "renouncing freedom and voluntarily surrendering to the suzerainty of omnipotent government." That's something that the capitalists clearly don't want the people to do, so I asked, what are the capitalists willing to give (or do) in order to convince people to not make that choice.

As for what the people have gotten from capitalism, I think the people and the country overall (which includes capitalists) have benefited from our political system and various other geopolitical factors which made us into a superpower with a high standard of living. Capitalism is just a method for doing things, although there are plenty of other methods which could have been used to achieve the same net result. Your argument seems to be that capitalism has been indispensable, that none of this would have been possible without it, and that's what I would question. It can't be proven either way, so it's more of a value judgment than anything else.




kinksterparty -> RE: Another interesting article... (7/30/2014 8:34:49 AM)

quote:

ORIGINAL: Zonie63
True, and if these businesses want to move overseas, then they should at least have a sense of honor and give up their citizenship.


That attitude stopped making sense somewhere around the 1300's, with the advent of well-established trade routes.

Every business is intertwined with many other businesses. Would you say the chairman of Toyota should renounce his Japanese citizenship because Toyota sells cars in the US? Would Intel have to move out of California just because they built a factory in Ireland?

Oh, and my company in particular has production facilities in Italy and Germany, as well as distribution in Canada, USA, Mexico, Caribbean, and Brazil. Pray tell, what should WE be? American? Italian? Brazilian? Canadian?

It's a global economy. Deal with it.




joether -> RE: Another interesting article... (7/30/2014 8:47:10 AM)

quote:

ORIGINAL: kinksterparty
quote:

ORIGINAL: Zonie63
True, and if these businesses want to move overseas, then they should at least have a sense of honor and give up their citizenship.


That attitude stopped making sense somewhere around the 1300's, with the advent of well-established trade routes.

Every business is intertwined with many other businesses. Would you say the chairman of Toyota should renounce his Japanese citizenship because Toyota sells cars in the US? Would Intel have to move out of California just because they built a factory in Ireland?

Oh, and my company in particular has production facilities in Italy and Germany, as well as distribution in Canada, USA, Mexico, Caribbean, and Brazil. Pray tell, what should WE be? American? Italian? Brazilian? Canadian?

It's a global economy. Deal with it.


A corporation is *NOT* a person. The corporation can not have national loyalties since its not a sentient being. Its a form of government onto itself. Now, where does the loyalty of the PEOPLE within that corporation lie? If those people are American, and seeking to undermine the United States of America directly or indirectly, all in the name of profit; should they stay as citizens? Since the Koch brothers use their business interests to funnel resources towards organizations that wish to undermine the nation's ability to operate.




mnottertail -> RE: Another interesting article... (7/30/2014 8:48:07 AM)

Global corporations should hold global citizenships as a percentage of workforce employed in country.





joether -> RE: Another interesting article... (7/30/2014 9:04:56 AM)

quote:

ORIGINAL: Zonie63
As for what the people have gotten from capitalism, I think the people and the country overall (which includes capitalists) have benefited from our political system and various other geopolitical factors which made us into a superpower with a high standard of living. Capitalism is just a method for doing things, although there are plenty of other methods which could have been used to achieve the same net result. Your argument seems to be that capitalism has been indispensable, that none of this would have been possible without it, and that's what I would question. It can't be proven either way, so it's more of a value judgment than anything else.


Yeah, go to the poor sections of your state and the slums of those cities. Ask the residents whom are one paycheck from the street how well Capitalism works for them. Then go chat with those homeless and ask them how well Capitalism has helped them.

After that, go ask the middle class, whom in many cases, is slowly merging with the Poor and homeless, how well Capitalism works? All the countries of the world seem to have parks, highways and a national defense (in some form); and most of them are not unregulated Capitalism. So that right there, disproves your 2nd and last sentences.

The only people in this nation that will say that Unregulated Capitalism is good for the nation are three groups: 1 ) The very rich, 2 ) The totally clueless, and 3 ) The insane.

Do we have all these amazing parks, highways, and national defense thanks to Capitalism? Or the people of the nation?

I see plenty of good small businesses that....golly...if they got some real venture capital, they could do some amazing things for their area/state/nation. Capitalists care about only one thing: PROFIT. That profit trumps all other things in their decision making. And these people lead very miserable lives. They may live high on the hog, but that is only to hide how much of everything else they have lost in pursuing that unhealthy lifestyle. How many capitalists do you know volunteer their time to help the needy out of the goodness of their heart and NOT for some form of profit?

You know what is really funny? In the history of the United States of America, there has not been one example of the 'Liberal Nanny State', yet plenty of the 'Conservative Nanny State'? That most can explain what the 'Liberal Nanny State' is, but not the 'Conservative Nanny State'.




DaddySatyr -> RE: Another interesting article... (7/30/2014 9:08:02 AM)


quote:

ORIGINAL: kinksterparty

That attitude stopped making sense somewhere around the 1300's, with the advent of well-established trade routes.

Every business is intertwined with many other businesses. Would you say the chairman of Toyota should renounce his Japanese citizenship because Toyota sells cars in the US? Would Intel have to move out of California just because they built a factory in Ireland?

Oh, and my company in particular has production facilities in Italy and Germany, as well as distribution in Canada, USA, Mexico, Caribbean, and Brazil. Pray tell, what should WE be? American? Italian? Brazilian? Canadian?

It's a global economy. Deal with it.



Unfortunately, I think your last sentence is one of the biggest issues in this debate.

Globalization has prison-fucked us. When King George I (Bush) gave his speech about needing to "spin down" our economy so that other countries could "catch up", I knew we were in trouble.

Since you sort of asked some questions, I'll give my best shot at a response:

I have said on these boards, before that with all that's going on, lately, we need to adopt some new, hard-line, positions.

Businesses get certain tax breaks (or advantages or whatever) just by nature of being American companies. However, the majority of their workforce is over-seas. That dog won't hunt on my land. If a company wants those advantages, they need to have 80% of their workforce employed in this country. They can do business where they wish but, if they want those advantages, they'll stop fucking the American worker in the ass.

As has been said; this country provides opportunities for business but businesses have been awfully stingy when it comes to giving back unless they're forced to.

One of the reasons the (un)affordable care act has been such a fucking disaster is like with other laws the government has passed with the idea of bringing business to heal; the laws are written: "Full-time workers must be given ..."

Business' answer has been to reduce people to 10-15 hour machines that they care nothing about the added cost of people traveling between their three part-time jobs. Business doesn't care about the loss of time spent with family.

That's a bold-face "fuck you". There's a way to fix that, too.

When I'm elected king, any company that has more than 20 employees and less than 75% of their workforce is full time, they get no breaks what-so-ever (and they can start providing the medical coverage that Obummercare mandates or they can face penalties).

This economy has been a huge shit sandwich for 25 years and I'm stuffed.







Screen captures still RULE! Ya feel me?




CreativeDominant -> RE: Another interesting article... (7/30/2014 9:27:54 AM)


quote:

ORIGINAL: joether

quote:

ORIGINAL: kinksterparty
quote:

ORIGINAL: Zonie63
True, and if these businesses want to move overseas, then they should at least have a sense of honor and give up their citizenship.


That attitude stopped making sense somewhere around the 1300's, with the advent of well-established trade routes.

Every business is intertwined with many other businesses. Would you say the chairman of Toyota should renounce his Japanese citizenship because Toyota sells cars in the US? Would Intel have to move out of California just because they built a factory in Ireland?

Oh, and my company in particular has production facilities in Italy and Germany, as well as distribution in Canada, USA, Mexico, Caribbean, and Brazil. Pray tell, what should WE be? American? Italian? Brazilian? Canadian?

It's a global economy. Deal with it.


A corporation is *NOT* a person. The corporation can not have national loyalties since its not a sentient being. Its a form of government onto itself. Now, where does the loyalty of the PEOPLE within that corporation lie? If those people are American, and seeking to undermine the United States of America directly or indirectly, all in the name of profit; should they stay as citizens? Since the Koch brothers use their business interests to funnel resources towards organizations that wish to undermine the nation's ability to operate.
The Koch Brothers do not seek to undermine America...they seek to undermine what they disagree with: a leftist, socialist point of view. That is not America, it's a political stance.




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