Capitalism is an economic system in which capital goods are owned, operated and traded by private individuals, businesses, or corporations for the purpose of profit. In a capitalist system, private control of these productive enterprises is protected by the rule of law. A capitalist political system protects the exchange and distribution of capital between legal or private persons, which is driven by competition and profit-maximization, and where investments, distribution, income, production and pricing of goods, commodities and services are predominantly determined through the operation of a market economy in which anyone can participate in supply and demand and form contracts with anyone else, rather than by central economic planning. Human labor power is for sale in the market as one of ...
14 Why should we have to choose one of the other? How about providing a choice of a mixed economy?, allenbarton
11 Socialism is the start of a dictatorship. Just ask Germany., robufo2000
7 It is time to end Republic of/by/for the wealthy few!We the people must gain legal rule & control over money/business/govt under a true direct daily Democracy.Citizen control only, Wirewilly
14 There are different forms of socialism - I vote for market socialism with worker management but not central planning., allenbarton
3 It should be clear to everyone that capitalism is neither in harmony with the planet’s ecosystem nor with the search for an egalitarian society., 123
2 700 Merrill Lynch employees earned more than a million dollars last year, even though the company lost $27 billion and was forced to be sold to Bank of America, n123
Socialism is an economic and political theory advocating public or common ownership and cooperative management of the means of production and allocation of resources. , positive
Today, April 1st 2009, leaders of the G20 nations meet in London. The G20 covers two thirds of the world’s population, 80% of all trade and collectively produces 90% ... , positive
"Contrary to what so many good people - out of sheer terror of 'Communism' - think, Capitalism is not 'free enterprise,' an incentive for success, 'a chance for all.' , positive
The Union of Soviet Socialist Republics murdered more people (~60 million deaths, 1917-'87) and the People's Republic of China murdered more people (~50 million, 1949-'87) ... , negative
UN General Assembly President Miguel d'Escoto Brockmann said on Wednesday that the current global economic and financial crisis proves that the logic of capitalism is evil and suicidal. During a ministerial meeting of the Coordinating Bureau of the Non-Aligned Countries (NAM) hosted in Havana, d'Escoto said that the current world order promotes selfishness, usury as well as social and environmental irresponsibility. "Those are the values of the capitalist culture, so bad is the situation that we take seriously our universal brotherhood and its consequences or we all die," d'Escoto said. ...
Political economy – that is, the way that human societies organize and direct their economic activities – has been defined by a choice between two unpromising alternatives. Calling them simply “capitalism” and “socialism,” popular as this habit is, misstates the matter, because they were much more specific than that.The first might better be called corporate capitalism, as it recycled older forms of capitalism in the service of the weird social fiction of the corporation, a “legal person” that has more rights and fewer responsibilities than the ...
The basic idea that dominated economics and politics in the last century has patently disappeared down the plughole of history in terms of two mutually exclusive opposites: capitalism or socialism.
Nobody seriously thinks of returning to the socialist systems of the Soviet type - not only because of their political faults, but also because of the increasing sluggishness and inefficiency of their economies - though this should not lead us to underestimate their impressive social and educational achievements. On the other hand, until the global free market imploded last year, even the ...
Capitalists Reading Kapital!?! A recent post from Joe Weisenthal, one of my favourite voices from the business press, is too good not to share. A monumental moment has arrived, which threatens to change the face of economics forever: capitalists have started reading Marx. If this isn’t a sign of chaos to come, I don’t know what is. Are [...]
Rev. Sharpton: “…American people…voted for socialism” “…the American public overwhelmingly voted for socialism when they elected President Obama.” -Al Sharpton, 3/21/2010 The above quote from the Rev. Al Sharpton should send chills up the spines of Americans. But it reflects the direction, and intention, of the Obama Administration. Sharpton made this comment on the night the Obama health bill was passed. Read More…
Where I Step Off My Socialist Box and Ask, “Who Is John Galt?” Tonight we took our Boychild to a scouts thing at their church school. It was a ministry for homeless folks, where the church served a hot meal and then “ministered” to them. And by ministry, I mean that there was a sermon and proselytizing, etc. Which is all fine and good, though I do think [...]
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Capitalism versus Socialism in the USA… Capitalism versus Socialism in the USA is nothing new, really. The argument has waged for years in Congress, at the neighborhood bar, and around family dinner tables. I have always felt that the concept of liberalism and socialism is well intentioned… it’s just not reality. We do have Utopian thoughts when we’re young and inexperienced. [...]
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