Topic: Capitalism and immorality - page 5. (Read 10678 times)

You pulled this quote out of context. The subject was monopoly. I will not engage your strawman.

Don't forget competition from the supply side.

Ultimately, supply and demand will reach equilibrium in an ideal system.


What we have today is welfare state which let people breed without giving much thought. Personal responsibility isn't really in the mind of the people.

Expecting free shelter, food, cloth and education for their children is what get the US and Europe into the mess we have today.


This kind of practice is being done by local, both legal and illegal immigrant. Which make me kind of wonder how much longer the system will last.

Not everyone has the goal of becoming rich, and I don't think any system is ideal.
But capitalism is definitely the best, as it is the one that gives us more freedom.

There are only so many resources to go around. If you are competing to deny people food and water to raise the market rates, then yes, people will die, just hopefully not enough people to cut into your profits too much. That is what capitalism is all about.

No one has to "die" for someone else to live. Competition breeds progress and innovation. Innovation means not only can more people live but they can also live better. This isn't a zero sum game.

Capitalism is ideal. It's perfect because everyone has that goal of becoming rich, and only a few do. It's all a competition.

Keen observation.

Also a good time to remind people not to judge so hastily.

It's easy to try and criticize capitalism. People thrive on lapping up scraps while calling themselves 'determined' or 'enlightened'

People of such color are always ready to spread their legs for whatever will help them feel better.

It's all in the brain.

But "success" is more related with social intelligence (good social interaction skills) than with intellectual capacity.

So money bright scientists that are losers on social terms. No family, no kids, no friends, little professional strong relations.

There are brain functions that can be scanned that will predict these types with a high degree of accuracy.

Everyone has an innate drive to survive better than they are currently. The left has vilified that in successful people by calling it greed. Everyone also has an innate drive to survive more efficiently. The right has vilified that in poor people by calling it lazy.

Greed is the motivation for the able (rich) ones. For the rest, the motivation is extreme necessity.

Think about the hell of the life of almost everyone: 9 to 5, plus 1 or 2 hours commuting. Alternative? Losing the house and having to live out of welfare or charity.

The movie demonstrated that greed causes one to choose short term profits over long term profits. It was about the 1980's gutting of American manufacturing and dismantling vital infrastructure industries for short term profits. Greed is good if you don't mind killing your future profitability on the gamble that you will be able to repeat your short term easy money.

It was 1 a.m. and I had to go to work next day, so I didn't really read your big wall of text and just skimmed over it, wanting to give it a proper treatment today.

I didn't tell you to go to sleep, I told you I was too tired to read this and I was going to sleep.



Wow you misread one sentence (even worse: the post contained praise for your arguments) and start a hate-tirade, what the heck is wrong with you? Drawing ridiculous conclusions from nowhere.

On a side note: No, I'm not in banking business.

But that speech was absolutely true.  Greed drives people to produce.  I barely remember the film but I believe Gecko broke the law in his pursuit of wealth.  Capitalism places restraints on greed only in that a person's actions cannot violate the rights of any other person. As long as that rule is followed, please produce as much as your skills can allow.  It can only help me.   Plus Bitcoin will keep my purchasing power intact.  Win-win

You didn't address the examples of how competition can be there. They can't. They are no-win situations for competition. You are a loser in those situations. Just face it. In competition, someone has to win and someone has to lose. In a competitive world, in order for someone to live, someone else has to die.

Competition still applies pressure.  I concede that the mechanic is less potent in these cases than in that of a widget manufacturer, but it is there.  Should such a monopoly push its advantage too far, I believe it will be beaten by competition.

That movie was intended to be a satire.

and no one has quoted Gecko yet?

Greed -- for lack of a better word -- is good.

Greed is right.

Greed works.

Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.

Greed, in all of its forms -- greed for life, for money, for love, knowledge -- has marked the upward surge of mankind.

Slingshot-

I just couldn't bring myself to read that entire long post, sorry.  I think you and I actually agree on most things.  As a libertarian, I am for anything that increases freedom and against anything that decreases freedom.  I am for taxes that pay for police, military and courts because these increase freedom.  Every other tax decreases freedom.

As I am also a physician, I should probably comment on healthcare. Costs are so high because of government interference in the free market. The price structure and physician reimbursement is so screwed up, who knows what the true free market price should be.  A quick example.  Did you know that a Dermatologist (removes moles all day long) makes about 3 times what a general surgeon makes? A radiologist makes about twice of all of them to sit in a room and read films all day. No long hours, no nights, no weekends, no being called in ever. 
This is all the consequence of government dominated healthcare.  Pressure groups get little changes to the law that greatly benefit their people at the expense of the poor patients. Get government out of health care completely and watch things normalize. No Medicare, no Medicade, no friggin ObamaCare. No more price fixing. Government dominance, that's the real reason healthcare costs are through the roof.

BTW, the exact thing can be said for education costs. Ugh! Don't get me started on that one!

Respectfully submitted,
Neofelis