Brief Critique of Libertarians and ACists - Page 11 - Politics and Economics

Paul D · 07-23-2012, 06:25 PM

Quote:

Originally Posted by ikestoys

cap·i·tal·ism [kap-i-tl-iz-uhm]
noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth.

capitalism (ˈkæpɪtəˌlɪzəm)
— n
Compare socialism free enterprise , Also called: private enterprise an economic system based on the private ownership of the means of production, distribution, and exchange, characterized by the freedom of capitalists to operate or manage their property for profit in competitive conditions

Monopoly's can only be granted by the government that prevents free enterprise. You're spouting off about something you know very little about.

LOLsocialismistherootofallevilandthushasthwartedfr eeenterprise

cool story bro

Paul D · 07-23-2012, 07:14 PM

Mises also argues that although most monopolies and monopoly prices are made possible by
government intervention in the free market (tariffs, licenses, etc.), there are certain instances in
which monopoly (and monopoly prices) arise in the unhampered market. He specifically
mentions natural resource monopoly,12 geographic monopoly,13 limited-space monopoly,14 and
monopoly that might arise because consumers place a "special confidence…on the individual or
firm concerned on account of previous experience,"15 as with certain trademarked drugs.

gg

http://mises.org/etexts/armentanomonopoly.pdf

ikestoys · 07-23-2012, 07:24 PM

Quote:

Originally Posted by Paul D

LOLsocialismistherootofallevilandthushasthwartedfr eeenterprise

cool story bro

Not even a little.

Paul D · 07-23-2012, 07:26 PM

Whatever,

You just got served by Mises of all people.

ikestoys · 07-23-2012, 07:47 PM

No. I just boiled things down for someone who doesn't know what capitalism means. Every example you've cited so far falls outside of that statement.

Paul D · 07-23-2012, 07:49 PM

Quote:

Monopoly's can only be granted by the government that prevents free enterprise. You're spouting off about something you know very little about.

And Mises says otherwise... I suggest you learn what capitalism is...

willie24 · 07-23-2012, 08:14 PM

paul - tone it down a notch bra

AlexM · 07-23-2012, 08:57 PM

Quote:

Originally Posted by zikzak

It apparently sheltered you from the millions of people who have exactly zero chance of starting and running their own successful business, no matter how hard they try.

"Millions" is a good choice of words. Sounds big, but it's actually a small percentage.

Quote:

Also, if it's so easy, why do so many small businesses fail in the first two years?

It's not easy. That's the point. That's why people would rather just work for someone else.

If at first, you don't succeed....

AlexM · 07-23-2012, 09:05 PM

Quote:

Originally Posted by Paul D

And Mises says otherwise... I suggest you learn what capitalism is...

What does that Mises thing you quoted have to do with calling corporatism capitalism?

Trolly McTrollson · 07-23-2012, 09:27 PM

Quote:

Originally Posted by ikestoys

No. I just boiled things down for someone who doesn't know what capitalism means. Every example you've cited so far falls outside of that statement.

Says the guy who thinks the East India Company was the "exact opposite" of capitalism. Glass houses, yo.

ikestoys · 07-23-2012, 11:06 PM

Lol wat? Thanks for contribution trolly.

AKQJ10 · 07-24-2012, 04:58 AM

Quote:

Originally Posted by ikestoys

Lol wat? Thanks for contribution trolly.

Good thing I don't know how to spell.

Trolly says, "Ding! Ding!"

Trolly McTrollson · 07-24-2012, 08:02 AM

Quote:

Originally Posted by ikestoys

Lol wat?

The VOC was still a for-profit enterprise owned and operated by private capital --it's a classic example of crony capitalism, which is a subset of capitalism and not the "exact opposite" of capitalism. If you'd said that the VOC was the opposite of laissez-faire capitalism, that might be a bit more accurate.

Brons · 07-24-2012, 10:05 AM

I think the VOC is a classic example of exploitation and oppression for profit.

ikestoys · 07-24-2012, 12:11 PM

Quote:

Originally Posted by Trolly McTrollson

The VOC was still a for-profit enterprise owned and operated by private capital --it's a classic example of crony capitalism, which is a subset of capitalism and not the "exact opposite" of capitalism. If you'd said that the VOC was the opposite of laissez-faire capitalism, that might be a bit more accurate.

Yeah sorry, capitalism doesn't involve monopolies given by the crown, no matter how hard you want it to be one way, it's the other.