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Thread: The nature of capitalism

  1. #10
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    Default Re: The nature of capitalism

    You have a point there. We don't know (or I don't know anyway) if the colonial Brits were doing this to support private intrests (such as the Dutch Royal company), or if somehow the money was going to the British public coffers. I suspect the former, but don't know.

    I guess I was pointing out the capitalist view that these types of things (sea salt, water, seeds) are meant to be owned by someone rather than belonging to the public weal--and the measures taken to assert that ownership.

  2. #11

    Default Re: The nature of capitalism

    Quote Originally Posted by matclone View Post
    You have a point there. We don't know (or I don't know anyway) if the colonial Brits were doing this to support private intrests (such as the Dutch Royal company), or if somehow the money was going to the British public coffers. I suspect the former, but don't know.

    I guess I was pointing out the capitalist view that these types of things (sea salt, water, seeds) are meant to be owned by someone rather than belonging to the public weal--and the measures taken to assert that ownership.
    Let me offer another way of looking at this. (Im not sure seasalt qualifies here because of its endless supply and thus isnot applicable to what Im saying but seeds may be.)

    If someone has the rights to the seeds, they are going to try to maximize profits on them. This means that they will do their best to make sure seeds are ALWAYS available. And... unless they are a monopoly (which capitalism rejects) they will be forced to keep the price of those seeds competitive.

    Whereas if the seeds belong to the "public weal" they are subject to consumption that exceeds their replenishment, thereby choking off the supply to all. And without profit motive there is no incentive to produce more seeds.

    Sure in the short term free seeds are great, but unless there is a naturally producing infinite supply (like seawater) they will eventually be over consumed.

    Discuss

  3. #12
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    Default Re: The nature of capitalism

    Doesn't seem to be working out for oil and gas prices huh Waist?

  4. #13

    Default Re: The nature of capitalism

    Quote Originally Posted by Big View Post
    Doesn't seem to be working out for oil and gas prices huh Waist?
    We pay high gas prices because of a lack of competition (oligopoly), inelastic demand, and suppliers who are moderately to excessively hostile to the U.S.

  5. #14
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    Default Re: The nature of capitalism

    Quote Originally Posted by Flop The Nuts View Post
    We pay high gas prices because of a lack of competition (oligopoly)
    One of the characteristics of monopoly capitalism--dog eat dog until only a few remain.

  6. #15

    Default Re: The nature of capitalism

    Quote Originally Posted by matclone View Post
    One of the characteristics of monopoly capitalism--dog eat dog until only a few remain.
    And when those few remain, they will become fat and lazy. And new leaner and hungrier dogs will move in and renew the competiton that was lost.

    Capitalism isnt perfect, but its proven to be better at providing for the wants and needs than all the rest.

  7. #16

    Default Re: The nature of capitalism

    Quote Originally Posted by matclone View Post
    One of the characteristics of monopoly capitalism--dog eat dog until only a few remain.
    Yes, that's not always a bad thing though. There are only two major chip makers, yet price continues to go down, and speed continues to go up.

    No Big, I'm not talking about Frito-Lay and Snyders.

  8. #17
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    Default Re: The nature of capitalism

    Speaking of Frito-Lay, in many places that's all you can buy (convenience stores for example). Monopoly capitalism. You may find it a good thing, but it may not be good for everyone. And my point is to point out that it's a myth (repeated over and over until its internalized) that we have or will have anything like perfect competition or that this results in the greatest benefit to society.

  9. #18

    Default Re: The nature of capitalism

    Quote Originally Posted by matclone View Post
    Speaking of Frito-Lay, in many places that's all you can buy (convenience stores for example). Monopoly capitalism. You may find it a good thing, but it may not be good for everyone. And my point is to point out that it's a myth (repeated over and over until its internalized) that we have or will have anything like perfect competition or that this results in the greatest benefit to society.
    Do you believe ANY economic system can provide anything like perfect competition or that this results in the greatest benefit to society?

    I dont. But I do believe that capitalism does the best at providing for the most.

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