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Thread: Why capitalism is bound to destroy itself

  1. #1
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    Default Why capitalism is bound to destroy itself

    It doesn't know or can know when to quit. Capitalism can exist one way only, by expansion. The problem of today's capitalists is that they seek profits from stocks as the main reason for investment. They try to come up with various rules like 401Ks or tax breaks for investors or shady mortgage lending practices without realizing that factors making human life practical and fulfilling is what should be driving investment.

    Capitalist wreck train cannot stop. The outrageous oil prices are seen as an obstacle rather than a sign that further growth will be harmful.

    Here is the main destructive practice of today's capitalists: "If there is no need among people to buy more then we will create one in the name of profit". What a shame!

  2. #2

    Default Re: Why capitalism is bound to destroy itself

    Quote Originally Posted by Big View Post
    It doesn't know or can know when to quit.
    It quits when there is no more demand.

    Quote Originally Posted by Big View Post
    Here is the main destructive practice of today's capitalists: "If there is no need among people to buy more then we will create one in the name of profit". What a shame!

    What will we make? a need or the stuff buy?

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    Default Re: Why capitalism is bound to destroy itself

    Big is right. It starts with creating the need, like drinking soda pop or eating fast food, or a second car. If people naturally demanded all the available products, there would be no need for the billions spent on Advertising.

    I wonder how much advertising native Americans had back in the day. I wonder if they were lost and unhappy without it?

  4. #4

    Default Re: Why capitalism is bound to destroy itself

    People have the ability to cease the need, as well. Pop (as we called it where I grew up, but when I say that where I live now they don't know what I'm talking about) and fast food can decrease in demand just like anything else. The demand wasn't created -- the product was created.

    Can you think of any products that were created and advertised, but their demand was low, so it was pulled or the company went out of business? Sony's BetaMax comes to my mind.

    The market is merely a reflection of its participants. If they don't want it, they won't buy it, like the BetaMax.

    Thus, capitalism won't be the end of itself, because people don't usually want to die and they will find alternatives. The market allows us to have choices. Not everyone will agree and rank those choices in the same places because of differin values.

    Rember that we have seen over and over that capitalism is what happens when people are left totally free and can make their own choices. Capitalism can not destroy itself. That is a contradiction in terms.

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    Default Re: Why capitalism is bound to destroy itself

    Quote Originally Posted by skipster View Post
    People have the ability to cease the need, as well. Pop (as we called it where I grew up, but when I say that where I live now they don't know what I'm talking about) and fast food can decrease in demand just like anything else. The demand wasn't created -- the product was created.

    Can you think of any products that were created and advertised, but their demand was low, so it was pulled or the company went out of business? Sony's BetaMax comes to my mind.

    The market is merely a reflection of its participants. If they don't want it, they won't buy it, like the BetaMax.

    Thus, capitalism won't be the end of itself, because people don't usually want to die and they will find alternatives. The market allows us to have choices. Not everyone will agree and rank those choices in the same places because of differin values.

    Rember that we have seen over and over that capitalism is what happens when people are left totally free and can make their own choices. Capitalism can not destroy itself. That is a contradiction in terms.
    What is your point? Most people do not have addiction to cocaine until they first try it.

  6. #6

    Default Re: Why capitalism is bound to destroy itself

    My point is that your quote Here is the main destructive practice of today's capitalists: "If there is no need among people to buy more then we will create one in the name of profit". What a shame! is not correct, because I have provided an example where it is not true.

    Products can not create demand. Only people create demand. A product can not make you buy it -- the purchase is your personal choice. Your premise seems to be that capitalism will grow itself to death. But, you are ignoring the fact that not every product or idea grows and you are ignoring the fact that some products (some may say many products) don't experience growth.

    You have not proven or even used accepted economic theory to explain your statements. You are saying that capitalism won't last because of a couple of things that are not related and are only small parts of the total economic picture.

    So, what's YOUR point? So far, you haven't made one.

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    Default Re: Why capitalism is bound to destroy itself

    Skipster reminds me of that old adage, when you can't dazzle with your brilliance, baffle them with your bullshit.

    Did you hear what he said Big? You ignored facts (the facts he alone holds). You have not used accepted economic theory (the acceptance he alone grants). Not only that, you haven't made any points (Skipster is the assigned scorekeeper). In other words, you haven't found Jesus, Big. Come out of ignorance. If you show faith in capitalism, God (or his lieutenant Skipster) will grant you favor.

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    Default Re: Why capitalism is bound to destroy itself

    Many countries do not have gas guzzling trucks roaming the streets everywhere and the people are still happy. Many Americans feel they would get depressed without them. How did that happen?

    Many countries have much more developed transportation systems and people do not feel ashamed or depressed for using them. Many Americans feel public transportation is a bad thing and using their cars is much better. How did that happen?

    The truth is most of the products can be viewed as good or bad through advertising and propaganda.

    Its the same way as future Taliban leaders were once viewed by Americans as freedom fighters and Saddam Hussein was viewed as an ally.

    An Individual is smart. People in a country are usually very dumb as a whole. That is also why I dislike Democracy.

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    Default Re: Why capitalism is bound to destroy itself

    When my brother who lives in Israel saw a picture of my mother's Toyota SUV he asked: "Why do you need such big car that takes so much gas"? When my mother visited Israel, she asked: "How come all the cars are so small?"

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