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Topic: Capitalism and immorality - page 2. (Read 10633 times)

member
Activity: 87
Merit: 10
June 30, 2014, 02:43:20 PM
Capitalism itself has no moral standpoint...

Yeah, this.  How can freedom to compete in an open market, where you're not allowed to hurt people and steal people's stuff, be immoral?
newbie
Activity: 19
Merit: 0
June 30, 2014, 02:36:45 PM
Capitalism itself has no moral standpoint...
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 29, 2014, 08:26:32 PM
If you have a monopoly then you do not have incentives to provide "superior service" as you do not have any real competition
Incentive is hold on to what you have and keep other from starting a business to compete with you.
Monopolies have enough control of the market so other businesses cannot easily compete.
full member
Activity: 306
Merit: 102
June 29, 2014, 08:22:16 PM
If you have a monopoly then you do not have incentives to provide "superior service" as you do not have any real competition


Incentive is hold on to what you have and keep other from starting a business to compete with you.
sr. member
Activity: 406
Merit: 250
June 29, 2014, 12:00:37 PM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.

Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you.

Technology advancement speed up the process of downfall.


Technology progress creates monopolies. Look at mining pools. The superior efficiencies give the most payout, that's how monopolies are born. Oil companies may change names, but the same families are running the companies for many decades. Companies like TI and IBM own so many patents, they monopolize technology development. Revolution speeds up the process of downfall, but we're a long way from that.

Monopoly is fine if the company is providing an efficient and superior service.

If you have a monopoly then you do not have incentives to provide "superior service" as you do not have any real competition
full member
Activity: 350
Merit: 104
June 29, 2014, 09:41:55 AM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.

Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you.

Technology advancement speed up the process of downfall.


Technology progress creates monopolies. Look at mining pools. The superior efficiencies give the most payout, that's how monopolies are born. Oil companies may change names, but the same families are running the companies for many decades. Companies like TI and IBM own so many patents, they monopolize technology development. Revolution speeds up the process of downfall, but we're a long way from that.

Monopoly is fine if the company is providing an efficient and superior service.


An enforced monopoly would be a problem. With an open market the monopolistic entity would have to provide a great product at a fair price to avoid other companies entering the market and successfully competing. The problem we have now is that our governments support large oligopolies.

And the governments supporting the oligopolies are slowly being price out of the market.
sr. member
Activity: 406
Merit: 250
June 29, 2014, 01:24:36 AM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.

Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you.

Technology advancement speed up the process of downfall.


Technology progress creates monopolies. Look at mining pools. The superior efficiencies give the most payout, that's how monopolies are born. Oil companies may change names, but the same families are running the companies for many decades. Companies like TI and IBM own so many patents, they monopolize technology development. Revolution speeds up the process of downfall, but we're a long way from that.

Monopoly is fine if the company is providing an efficient and superior service.


An enforced monopoly would be a problem. With an open market the monopolistic entity would have to provide a great product at a fair price to avoid other companies entering the market and successfully competing. The problem we have now is that our governments support large oligopolies.
full member
Activity: 224
Merit: 100
THE GAME OF CHANCE. CHANGED.
June 28, 2014, 10:17:49 PM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.

Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you.

Technology advancement speed up the process of downfall.


Technology progress creates monopolies. Look at mining pools. The superior efficiencies give the most payout, that's how monopolies are born. Oil companies may change names, but the same families are running the companies for many decades. Companies like TI and IBM own so many patents, they monopolize technology development. Revolution speeds up the process of downfall, but we're a long way from that.

Monopoly is fine if the company is providing an efficient and superior service.
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
June 15, 2014, 07:14:34 PM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.

Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you.

Technology advancement speed up the process of downfall.


Technology progress creates monopolies. Look at mining pools. The superior efficiencies give the most payout, that's how monopolies are born. Oil companies may change names, but the same families are running the companies for many decades. Companies like TI and IBM own so many patents, they monopolize technology development. Revolution speeds up the process of downfall, but we're a long way from that.
full member
Activity: 363
Merit: 100
SWISSREALCOIN - FIRST REAL ESTATE CRYPTO TOKEN
June 15, 2014, 05:02:22 PM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.

Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you.

Technology advancement speed up the process of downfall.

sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 15, 2014, 03:39:15 PM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.

Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you.

Monopolies, like empires will fall when they get too cocky
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
June 15, 2014, 01:54:00 PM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.

Very true. Many monopolies only last a few normal human lifetimes. I'm glad your immortality is working out for you.
full member
Activity: 169
Merit: 100
June 15, 2014, 01:45:08 PM
That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.


Monopoly is not unavoidable. If this is the case, counties and dynasty will last forever rather than fade into history and being replaced by a better managed country/dynasty.
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
June 15, 2014, 08:04:25 AM
So it's ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

What is your definition of over charging?

Buyers don't buy based on price alone. You need to take trust, after sales service into account.
Let me rephrase the question. Is it ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

The term "overcharging" cannot be easily defined. It is fair to allow people to make a profit off of the time and capital they invest in their business.

The only true way to "overcharge" someone for something is to charge a price that is above the market rate, but if you charged this much then you would not be able to sell your product/service.

What planet are you from that doesn't have salesmen?


Buyer also bear responsibility for buying over price cap for not doing their own homework.

Same reasoning for choosing the right doctor to trust and the right care provider.

With internet, people can find out which doctor is scum bag very fast if they do their homework.

The average joe doesn't have the financial resources to vet a medical institution and their billing/insurance practices and policies. They often don't have time for a second opinion if they are told their appendix burst. They are at the mercy of a predatorial medical/industrial complex. You average doctor also cannot compete with those medical institutions to fight the system if they ever hope to repay their enormous student debt. Doctors get sucked into the system. Nowadays a lot of good doctors are quitting their beloved profession because of the immoral business practice forced upon them by hospital administrators and insurance companies.

Quote
With internet, people can find out which doctor is scum bag very fast if they do their homework.
Oh, that's just adorable naivete.

So it makes sense to subcontract that function to those who neurish the predatorial medical/industrial complex?


That's what the term means. It's an unavoidable monopoly. You can always go to a socialist country instead if you can get a passport in time before you die.
legendary
Activity: 1512
Merit: 1005
June 15, 2014, 07:02:57 AM
So it's ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

What is your definition of over charging?

Buyers don't buy based on price alone. You need to take trust, after sales service into account.
Let me rephrase the question. Is it ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

The term "overcharging" cannot be easily defined. It is fair to allow people to make a profit off of the time and capital they invest in their business.

The only true way to "overcharge" someone for something is to charge a price that is above the market rate, but if you charged this much then you would not be able to sell your product/service.

What planet are you from that doesn't have salesmen?


Buyer also bear responsibility for buying over price cap for not doing their own homework.

Same reasoning for choosing the right doctor to trust and the right care provider.

With internet, people can find out which doctor is scum bag very fast if they do their homework.

The average joe doesn't have the financial resources to vet a medical institution and their billing/insurance practices and policies. They often don't have time for a second opinion if they are told their appendix burst. They are at the mercy of a predatorial medical/industrial complex. You average doctor also cannot compete with those medical institutions to fight the system if they ever hope to repay their enormous student debt. Doctors get sucked into the system. Nowadays a lot of good doctors are quitting their beloved profession because of the immoral business practice forced upon them by hospital administrators and insurance companies.

Quote
With internet, people can find out which doctor is scum bag very fast if they do their homework.
Oh, that's just adorable naivete.

So it makes sense to subcontract that function to those who neurish the predatorial medical/industrial complex?
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
June 14, 2014, 10:38:29 PM
So it's ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

What is your definition of over charging?

Buyers don't buy based on price alone. You need to take trust, after sales service into account.
Let me rephrase the question. Is it ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

The term "overcharging" cannot be easily defined. It is fair to allow people to make a profit off of the time and capital they invest in their business.

The only true way to "overcharge" someone for something is to charge a price that is above the market rate, but if you charged this much then you would not be able to sell your product/service.

What planet are you from that doesn't have salesmen?


Buyer also bear responsibility for buying over price cap for not doing their own homework.

Same reasoning for choosing the right doctor to trust and the right care provider.

With internet, people can find out which doctor is scum bag very fast if they do their homework.

The average joe doesn't have the financial resources to vet a medical institution and their billing/insurance practices and policies. They often don't have time for a second opinion if they are told their appendix burst. They are at the mercy of a predatorial medical/industrial complex. You average doctor also cannot compete with those medical institutions to fight the system if they ever hope to repay their enormous student debt. Doctors get sucked into the system. Nowadays a lot of good doctors are quitting their beloved profession because of the immoral business practice forced upon them by hospital administrators and insurance companies.

Quote
With internet, people can find out which doctor is scum bag very fast if they do their homework.
Oh, that's just adorable naivete.
full member
Activity: 152
Merit: 100
June 14, 2014, 02:35:42 PM
So it's ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

What is your definition of over charging?

Buyers don't buy based on price alone. You need to take trust, after sales service into account.
Let me rephrase the question. Is it ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

The term "overcharging" cannot be easily defined. It is fair to allow people to make a profit off of the time and capital they invest in their business.

The only true way to "overcharge" someone for something is to charge a price that is above the market rate, but if you charged this much then you would not be able to sell your product/service.

What planet are you from that doesn't have salesmen?


Buyer also bear responsibility for buying over price cap for not doing their own homework.

Same reasoning for choosing the right doctor to trust and the right care provider.

With internet, people can find out which doctor is scum bag very fast if they do their homework.
sr. member
Activity: 448
Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
June 14, 2014, 12:32:34 PM
So it's ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

What is your definition of over charging?

Buyers don't buy based on price alone. You need to take trust, after sales service into account.
Let me rephrase the question. Is it ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

The term "overcharging" cannot be easily defined. It is fair to allow people to make a profit off of the time and capital they invest in their business.

The only true way to "overcharge" someone for something is to charge a price that is above the market rate, but if you charged this much then you would not be able to sell your product/service.

What planet are you from that doesn't have salesmen?

A salesman will try to get you to buy their specific product, or a product that you may not otherwise purchase. They would still need to charge a "fair" price, otherwise even if you are "sold" on the product you would not buy from the salesmen, and/or would buy the product from another channel
sr. member
Activity: 252
Merit: 250
June 14, 2014, 10:58:07 AM
I'm totally against you, capitalism is the root of all evil, and has nothing to do with morals.

I did see that you ignored socialism and communism and yes I'm a Communist.

When you are giving the chance for people to be seen how much they COST MORE, then don't talk about morals.
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
June 14, 2014, 10:47:26 AM
So it's ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

What is your definition of over charging?

Buyers don't buy based on price alone. You need to take trust, after sales service into account.
Let me rephrase the question. Is it ethical to overcharge for a lamp, but unethical to overcharge for healthcare?

No. Why do you differentiate between types of products and services? In the free market, you offer something for a price, and there is no unethical price. In the non-free market, the question doesn't even need an answer, because it is not you the customer, or you the merchant, or you the doctor who decides. It is the one dominating over you, based on his physical power to harm you.
So how will you know if you are really about to die or the doctor just needs to make a yacht payment?

How do you know under obamacare?

Exactly. Obamacare is a free market healthcare system of private insurers. They own a lot of yachts.
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