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RE: Capitalism is the BEST System

in #politics • 7 years ago

Capitalism tells you you can and can't have gold? Capitalism tells you what money is and isn't and makes iou notes the same equivalent in value to silver dollars? It's the people that can't self criticize that are the problem though, or those that criticize capitalism for masking as nothing more than socialism since the very first Congress issued gold back dollars without the gold reserves.

Another gripe is that Planned and Perceived obsolescence is something that can only exist in a capitalist system, and a capitalist system requires a surplus of labor, so another problem of "poverty" is that it's engineered into it, while lastly it profits the few in the West through the exploitation of Socialist China for the vast majority of goods, so what is capitalism without the established success of the Communist China?

7 years ago in #politics by
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     7 years ago 

    Well, China is right now one of the most capitalist economies in the world, in fact, if there is a example about "Savage Capitalism" China is the best.

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       7 years ago (edited)
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         7 years ago 

        Capitalism is not what we think it is, capitalism is what it is.

        The wages system operate in China, the profit system operate in China, accumulation of capital occur in China, externalities occur in China, inequality occur in China. This is not comunism, they are a mix, but their "Socialist Market" is just Capitalism with a make up.

        Economic reforms introducing market principles began in 1978 and were carried out in two stages. The first stage, in the late 1970s and early 1980s, involved the decollectivization of agriculture, the opening up of the country to foreign investment, and permission for entrepreneurs to start businesses. However, most industry remained state-owned. The second stage of reform, in the late 1980s and 1990s, involved the privatization and contracting out of much state-owned industry and the lifting of price controls, protectionist policies, and regulations, although state monopolies in sectors such as banking and petroleum remained. The private sector grew remarkably, accounting for as much as 70 percent of China's gross domestic product by 2005. From 1978 until 2013, unprecedented growth occurred, with the economy increasing by 9.5% a year. The conservative Hu-Wen Administration more heavily regulated and controlled the economy after 2005, reversing some reforms.

        They can be considered a strange Mix as a Nation, but they are one of the most Capitalist Economies.

        Source in Spanish
        This is a great Opinion
        Cary Huang

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           7 years ago 

          Capitalism with a make up? Aka state capitalism. It's either capitalism or it's not, to make the point even more, it's either free trade or it's not, there's no "almost free trade".

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             7 years ago 

            That's the point, State Capitalism is just Capitalism with make up. Their economy is capitalist, I said that we can consider China as a Mix because in Social Policies and in their constitution they are Comunist.

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               7 years ago 

              There's no capitalism without free trade. There's no free trade without free association. State capitalism is an oxymoron.

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