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 ...
17 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
15 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
1 Socialism is evil. Hitler proved that. Karl marx was a fascist tyrant and so are his worshippers., robufo2000
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 ...
Flushing our Kid’s Safety…along w/ Common Sense & Logic: In Defense of Armed Security “If there’s something strange, in your neighborhood,Who ya gonna call? GHOSTBUSTERS!” In reality the song would go something along these lines: “If a maniac, is in your school, who ya gonna call? 911!…and hide under a desk” (to put yellow police tape up) The cold, hard truth is, when tragedies involving killers occur, by the Read More…
Cars, Costs and “Progress” This year America's collective gas bill is on track to hit half a trillion dollars. With that comes not only colossal public expenses, but crippling blows to individual finance. Some Americans are reportedly paying up to 50% of their income on their cars between insurance, repairs, fuel and other expenses. Those with the largest burden, of course, are often the poorest. A new website and project from the New America Institute is hoping to bring attention to the high cost of car ownership. The Energy Trap features personal video testimonials from all over the US talking about the time and money being devoted to people's commutes.
The Rich Get Richer… In case you've been wondering about your paycheque lately, no, it isn't your imagination.
According to the latest data from the St. Louis Fed., two important (and related) trends are continuing to set records. As a percentage of the total economy (GDP), corporate profits just hit an all-time high while wages, again, sunk to new lows
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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