In which country is capitalism better implemented?

thesavoyard

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Quote from: audaciousbeing on February 27, 2017, 01:24:31 PM

Quote from: the.jack20 on February 13, 2017, 10:08:12 AM

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. But in every country there is a different form of practice.

For example, is America and capitalism in Europe the same?
Or is the capitalism in the middle eastern countries and African countries the same?

In which country is capitalism better implemented?

From elementary economics that I learned, the father of capitalism has been USA and till today even when I am grown to really understand how countries work, I still havent see any country beat the United States. Its in that country you can afford pursue your interest to the fullest and government is taking the back role to only regulate the activities and ensure the workers are treated fairly. A country where an individual can own estates and responsibility to community is not hanging over his head just because he is from there.

I have taken both macro and microeconomics. You should stop idolizing America. Firstly, America newver did better than the western countries, per capita GDP, America only lead in the 1940-50s when New Deal progressives were in charge. We've been on a steep decline since the Baby Boomers embraced greed and a "free market." They live in a world of delusion where Reagan was a good president. Never mind his 4 year recession, never mind his tough military mentality nearly destroyed the world in 1983. He was caught betraying his country for his own political gain, yet people with short memories think the economic philosophies of a bad B movie actor are somehow valid.

The Democrats even idolize him, it's because they've worked hard to corrupt what it means to be a progressive. You'd be hard pressed to find an establishment Democrat that agreed with the 1912 Progressive party platform, the founding document of progressivism.

America became a wealthy nation during the 35 years conservatives were excluded from office after causing the Great Depression, things have been getting worse since Nixon. America was built on mixed social democratic mixed economic principles. America is declining because they embrace laissez-faire and neoliberal economics.

thesavoyard

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Quote from: carlerha on February 27, 2017, 11:53:41 AM

Quote from: BartS on February 13, 2017, 10:28:50 PM

Quote from: the.jack20 on February 13, 2017, 10:08:12 AM

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. But in every country there is a different form of practice.

For example, is America and capitalism in Europe the same?
Or is the capitalism in the middle eastern countries and African countries the same?

In which country is capitalism better implemented?

It depends on what you mean by better implemented, if you are looking for the best opportunities to make business then the first world seems to be better for that, but if what you are looking is to keep most of the fruits of your labor for yourself then look for the countries with the lowest taxes in the world.

to me i think by better implement mean that the facilities of bitcoin should be available everywhere. as still bitcoin is not yet present everywhere and only present in such areas where the users are more to me i think the facilities of bitcoin should also be present in all other areas. so that people can get benefit from it.

As much as I want it to be true, bitcoin can never be the world's currency. It's gen 1 software and its weakening already. The blockchain can't prevent double spending and it can't hand the volume being placed on it now. It's not a lack of computing power, its the weakness of a gen 1 software. I'd love for my bitcoin to become a huge amount of money, but I'm thinking Dash is in a better position. The masternodes enable instant spending, tumbling is integrated so you can't spy on people's spending simply by knowing their wallet number and it can be updated.

I hope Satoshi is right and cryptos can erode or possibly remove the power of central banks, but it can't be bitcoin. Not unless someone really brilliant has a solution to bitcoin's problems. If you do, please share.

audaciousbeing

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Quote from: the.jack20 on February 13, 2017, 10:08:12 AM

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. But in every country there is a different form of practice.

For example, is America and capitalism in Europe the same?
Or is the capitalism in the middle eastern countries and African countries the same?

In which country is capitalism better implemented?

From elementary economics that I learned, the father of capitalism has been USA and till today even when I am grown to really understand how countries work, I still havent see any country beat the United States. Its in that country you can afford pursue your interest to the fullest and government is taking the back role to only regulate the activities and ensure the workers are treated fairly. A country where an individual can own estates and responsibility to community is not hanging over his head just because he is from there.

webtricks

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When we say Capitalism, we should forget hungry faces, labour class, their rights and lives completely. It should be confined in a society of suit-boot class. To my knowledge, there is hardly any country which has eradicated poverty completely. If poverty exists, Capitalism gonna hit badly for sure!
Mixed Economy is best solution, I guess!!

carlerha

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Quote from: BartS on February 13, 2017, 10:28:50 PM

Quote from: the.jack20 on February 13, 2017, 10:08:12 AM

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. But in every country there is a different form of practice.

For example, is America and capitalism in Europe the same?
Or is the capitalism in the middle eastern countries and African countries the same?

In which country is capitalism better implemented?

It depends on what you mean by better implemented, if you are looking for the best opportunities to make business then the first world seems to be better for that, but if what you are looking is to keep most of the fruits of your labor for yourself then look for the countries with the lowest taxes in the world.

to me i think by better implement mean that the facilities of bitcoin should be available everywhere. as still bitcoin is not yet present everywhere and only present in such areas where the users are more to me i think the facilities of bitcoin should also be present in all other areas. so that people can get benefit from it.

the.jack20

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Quote from: mrcash02 on February 13, 2017, 10:10:35 PM

I believe the capitalism is better implemented in USA. At least is that the impression I have since I can remember by the news, historical events, behavior. In the Europe it looks work well too, but the bureaucrats and opportunists are trying to make it harder with the globalization and all these lies about a friendly world where everyone loves everyone, but the reality is that all these lays only make their pockets bigger while the people suffer with difficults of bureaucracy.

How is your health care system in USA? How about the situation of people who are homeless?
Is there any social assistance? My friends in USA say: It is better to die than to be sick.
So there is a wild capitalism in the USA. What do you think about it?

Sithara007

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Quote from: BartS on February 13, 2017, 10:28:50 PM

but if what you are looking is to keep most of the fruits of your labor for yourself then look for the countries with the lowest taxes in the world.

There are several countries out there with zero income tax and corporate tax (such as United Arab Emirates, Cayman Islands, and the Bahamas). But personally, I wouldn't mind paying a small amount of tax (10% or 15%), if I get good public services in return.

BartS

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Quote from: the.jack20 on February 13, 2017, 10:08:12 AM

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. But in every country there is a different form of practice.

For example, is America and capitalism in Europe the same?
Or is the capitalism in the middle eastern countries and African countries the same?

In which country is capitalism better implemented?

It depends on what you mean by better implemented, if you are looking for the best opportunities to make business then the first world seems to be better for that, but if what you are looking is to keep most of the fruits of your labor for yourself then look for the countries with the lowest taxes in the world.

mrcash02

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I believe the capitalism is better implemented in USA. At least is that the impression I have since I can remember by the news, historical events, behavior. In the Europe it looks work well too, but the bureaucrats and opportunists are trying to make it harder with the globalization and all these lies about a friendly world where everyone loves everyone, but the reality is that all these lays only make their pockets bigger while the people suffer with difficults of bureaucracy.

hardtime

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Quote from: _nur on February 13, 2017, 10:09:49 AM

capitalism... it's dying in the age of AI

why not think of something post-capitalism?

Capitalism is not dying in the least, Capitalism is the reason for all the innovation that occurs today based on the fact that for a company to survive and continue making money they must keep pumping out new innovative products and adapt. Capitalism is the most successful economical policy that works wonderfully in most parts of the world.

Don't get me wrong, Capitalism does have it faults when it comes to workers rights being abused and looked over when it comes to countries like China but that's something that can be fixed with government oversight.

Slark

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Quote from: hoop on February 13, 2017, 06:06:43 PM

Is there a successful model of capitalism exist? In which countries there is this model of successful capitalism? The original capitalist system proved to be a failed economic system a long time ago.

Social capitalist system better than capitalist system by several stages, but the capitalist system Social is not the best for human life economic model. To be thinking about the economic system of the post-capitalist social.

I don't think that capitalism failed, I think that it is rather people who distorted it to the point of being bad.
Just like they did with many other economic and political systems before and after.
Do you think communism is evil by nature, or monarchy or dictatorship?
No, we just can't grasp certain facts and ideas. People are unfit to live without private property.

"Capitalism is a social system based on the recognition of individual rights" - Ayn Rand

You want to know what is a successful capitalism?
Think about of 19th century capitalism in the US, by many believed to be true form of capitalism.

hoop

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Is there a successful model of capitalism exist? In which countries there is this model of successful capitalism? The original capitalist system proved to be a failed economic system a long time ago.

Social capitalist system better than capitalist system by several stages, but the capitalist system Social is not the best for human life economic model. To be thinking about the economic system of the post-capitalist social.

pitham1

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Quote from: the.jack20 on February 13, 2017, 10:08:12 AM

Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. But in every country there is a different form of practice.

For example, is America and capitalism in Europe the same?
Or is the capitalism in the middle eastern countries and African countries the same?

In which country is capitalism better implemented?

True capitalism is never practiced. You need to deviate to ensure that monopolies don't creep in. You also need to ensure some way for people to pay for public goods.
Every country has its own way of capitalism. In fact, even in a given country, policies change with time. Capitalism in the US of the 90's is not the same as capitalism implemented in the US today.

giantdragon

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Sweden. High social security levels and strong trade unions are essential for the capitalism to sustain in long term.
Libertarian model can be more dynamic for a short time, but social inequality guaranteedly leads to revolutions and civil wars that wipe out all gains made during laissez-faire period.

thesavoyard

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Quote from: Slark on February 13, 2017, 04:17:12 PM

Quote from: thesavoyard on February 13, 2017, 02:59:56 PM

Quote from: Slark on February 13, 2017, 02:53:24 PM

First we need to understand, that 'true capitalism' never existed. So there is no model country for us to study as ideal application of capitalism.
Every form of capitalism we have now is not pure breed. We have mixture of freedom and controls, current capitalism is plagued and crippled by laws and regulations.
Definition of capitalism is so now so fuzzy, that we have Nordic capitalism, Chinese capitalism, social capitalism, corporate capitalism and who knows how many more versions.

Which form of capitalism is the best? Hell if I know. Pick the country with the best domestic gross per capita or other factor, like purchasing power of money and you will see.

Study American laissez-faire capitalism and then tell me regulations are crippling. Share cropping and great depression are the results.

Regulations are necessary. We don't want to have predatory capitalism - it is inhuman system.
Absence of regulation of banking system will cause banks to act in a more risky way.
Lack of regulations will lead to creation of monopoly and unfair competition.
Unregulated labor market and working conditions will lead to growing job insecurity among workers.

Excessive regulations are bad, think of it as of NY's BitLicense.

Excessive can be bad and also corrupted. Think of the neoliberal cronyism that has infected the US. It does give American international corporations an advantage,but also against labor and domestic competition.

Slark

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Quote from: thesavoyard on February 13, 2017, 02:59:56 PM

Quote from: Slark on February 13, 2017, 02:53:24 PM

First we need to understand, that 'true capitalism' never existed. So there is no model country for us to study as ideal application of capitalism.
Every form of capitalism we have now is not pure breed. We have mixture of freedom and controls, current capitalism is plagued and crippled by laws and regulations.
Definition of capitalism is so now so fuzzy, that we have Nordic capitalism, Chinese capitalism, social capitalism, corporate capitalism and who knows how many more versions.

Which form of capitalism is the best? Hell if I know. Pick the country with the best domestic gross per capita or other factor, like purchasing power of money and you will see.

Study American laissez-faire capitalism and then tell me regulations are crippling. Share cropping and great depression are the results.

Regulations are necessary. We don't want to have predatory capitalism - it is inhuman system.
Absence of regulation of banking system will cause banks to act in a more risky way.
Lack of regulations will lead to creation of monopoly and unfair competition.
Unregulated labor market and working conditions will lead to growing job insecurity among workers.

Excessive regulations are bad, think of it as of NY's BitLicense.

Yakamoto

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Quote from: bitbunnny on February 13, 2017, 03:07:56 PM

I think that capitalism in America is harsher then in Europe, especialy then in western european countries. Eastern european countries that were under comunism long time have so called wild capitalism with no mercy.
But capitalism is also already the system that needs to be changed because it has lost the power and ideas.

The issues you're thinking of stem from corporatism, not capitalism. Corporatism is what we have now and it restricts a lot of what can be done to large corporations that have lawyers that can go through all the red tape. On the other hand, smaller businesses have a harder time starting up because of said amounts of red tape.

bitbunnny

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I think that capitalism in America is harsher then in Europe, especialy then in western european countries. Eastern european countries that were under comunism long time have so called wild capitalism with no mercy.
But capitalism is also already the system that needs to be changed because it has lost the power and ideas.

thesavoyard

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Quote from: Slark on February 13, 2017, 02:53:24 PM

First we need to understand, that 'true capitalism' never existed. So there is no model country for us to study as ideal application of capitalism.
Every form of capitalism we have now is not pure breed. We have mixture of freedom and controls, current capitalism is plagued and crippled by laws and regulations.
Definition of capitalism is so now so fuzzy, that we have Nordic capitalism, Chinese capitalism, social capitalism, corporate capitalism and who knows how many more versions.

Which form of capitalism is the best? Hell if I know. Pick the country with the best domestic gross per capita or other factor, like purchasing power of money and you will see.

Study American laissez-faire capitalism and then tell me regulations are crippling. Share cropping and great depression are the results.

Slark

legendary

Activity: 1862

Merit: 1004

First we need to understand, that 'true capitalism' never existed. So there is no model country for us to study as ideal application of capitalism.
Every form of capitalism we have now is not pure breed. We have mixture of freedom and controls, current capitalism is plagued and crippled by laws and regulations.
Definition of capitalism is so now so fuzzy, that we have Nordic capitalism, Chinese capitalism, social capitalism, corporate capitalism and who knows how many more versions.

Which form of capitalism is the best? Hell if I know. Pick the country with the best domestic gross per capita or other factor, like purchasing power of money and you will see.

thesavoyard

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The northern European countries. Social market capitalism has proven to be superior and more stable since it was adopted (and ended) the great depression for them. It's the capitalism Sanders preaches but god forbid Americans actually know the real definition.

Grdas130979

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The truth is out there

USA definitely, even if someone doesnt agree with everything capitalism stands for.

aesma

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I don't know how it is in the US but in France a large part of investments companies make do reduce their taxable income. Dividends however are discouraged.

We're also observing a phenomenon, on one end linked to the "uberization" of the economy, on the other end with investments funds abandoning companies that don't give up enough return, of employees becoming capitalists.

More and more people own their single employee company, working for themselves. How capitalist of them !

More and more co-ops are created, where every employee or most employees are also owners of the business.

Following an attempted hostile takeover of my company (a very large Global 500 multinational) its main shareholders, family members of the creator of the company, have decided to favor employee ownership, so that such a takeover be rendered impossible. Employees own 22% of the company and 29% of the voting rights, with the founder's family owning enough to pass the 50% bar combined.

I've been an employee only 3 years and already a significant part of my income comes from buying preferential stock.

HabBear

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Capitalism, as in the economic principle and activity is implemented the same in every country.

Some countries may enable greater success because they have better infrastructure to bring entrepreneurs and consumers together or they may have more stable currency or laws.

However, government restriction of a free market does vary by country and would inhibit or enable capitalism to stumble or thrive. Example, the US has corporate tax rates at 35%, which directly impacts how much companies can invest in new innovation or pay its employees. But Ireland has much lower corporate taxes. This difference has forced many US based companies to shift their base of operations (on paper at least) to Ireland so they can take advantage of the lower tax rates. Apple does this.

the.jack20

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Quote from: X-ray on February 13, 2017, 10:42:32 AM

Capitalism's about the personal interests. And every country has different capitalism. IMO The western capitalism is different with the middle eastern countries.
In the middle eastern countries, it seems more to be authoritarian.

What is the reason for this?

To me, religion is like this because of the influence of human life. In Europe, religion does not make much impact on human life. But in the countries of the Middle East, religion shapes people's lives.

Where there is high religious belief, there is a fascination for authority.

X-ray

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Capitalism's about the personal interests. And every country has different capitalism. IMO The western capitalism is different with the middle eastern countries.
In the middle eastern countries, it seems more to be authoritarian.

_nur

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capitalism... it's dying in the age of AI

why not think of something post-capitalism?

the.jack20

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Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. But in every country there is a different form of practice.

For example, is America and capitalism in Europe the same?
Or is the capitalism in the middle eastern countries and African countries the same?

In which country is capitalism better implemented?

Topic: In which country is capitalism better implemented? (Read 1192 times)