Capitalism only works with honesty and integrity... otherwise only the corrupt rise.

[Into the Night]

The beautiful idea of capitalism is that if the government stays out of managing business, needs will be awoken by the market and the most efficient at providing those needs will prosper, and on paper, in theory this is absolutely true. Its really a beautiful thing the idea that left alone the market will sort itself out. It illustrates the hand of God in the equation, things do not need to be managed...

The problem...

Human greed that leads to corruption.

We need a force to counteract the harmful effects of detect, corruption and excessive greed. This idea does not work, when corruption is allowed. IN a world where unethical behavior is allowed and hidden from the public, the most corrupt succeeds over and above the best or most efficient. When large corporations collude to fix prices, form monopolies and use tactics such as built in obsolescence the market is left with the most corrupt rising to the top, not the best. When an uneducated public is left with fewer choices in the market, or when they are lied to with marketing tactics the beauty of capitalism is corrupted. This is why American has, in many markets, lost its edge. This is why other systems beat us with superior products. This is why an incompetent trust fund baby is wealthy while the hard working intelligent person born into poverty does not rise to the top.

The dream of capitalism is sullied by corruption.

It is not a 'dream'. Capitalism exists. Corruption is not capitalism. Theft is not capitalism. Monopolies are self destructive. They can only survive with the help of government interference. Capitalism is the only system that creates wealth. It is not a closed system.

BTW, Why is there only one monopoly commission?

[Into the Night]

the power of a better idea is the promise of capitalism



Capitalism has SOME self regulating aspects

It keeps the money moving in a society



without a leash this dog turns into a wolf



Proper fettering with regulations, policing and a tax level that provides the funds to do all this regulating, policing and taxing makes the system perform wonderfully for a nation




unfettered it can be corrupted nearly instantly

and TURN on the nations it inhabits



I LOVE CAPITALISM


I AM A CAPITALIST



but no machine runs perpetually without proper maintaining



only an idiot would think a human economy has an automatic setting

Without a leash capitalism turns into prosperity.

[Into the Night]

You hit on it with ethics and morality, which need to serve as as the necessary check, unfortunately, both are at a low level today, and having a President who models the opposite doesn't help, how many times have you seen the predictable response to questioning Trump's behavior, "he didn't break any laws did he?

You are presupposing that Trump broke some law. What law did he break?

[Jarod]

It is not a 'dream'. Capitalism exists. Corruption is not capitalism. Theft is not capitalism. Monopolies are self destructive. They can only survive with the help of government interference. Capitalism is the only system that creates wealth. It is not a closed system.

BTW, Why is there only one monopoly commission?

THis is why I believe well regulated Capitalism is best, but the regulation is essential. We need policies to prevent monopolies, criminals and trust fund baby's from running the world.

[Into the Night]

Trump is the perfect example of why capitalism does not work in an unethical society. The biggest and best liars rise to the top, not the smartest and hardest working.

It does work. Trump happens to be a successful real estate developer. Capitalism works anywhere people want to use it. You do not need a perfect society for capitalism.

[Into the Night]

I spent a lot of time in Scandinavia, It is amazing.

The happiest nations in the world.

Not really.It is obvious that you went to look at the scenery. You don't live there. The economy of Norway runs on a fairly low level. The economy of Finland is much better, as it practices capitalism and has a constitution.

[Into the Night]

Nailed it, which is why the very idea of regulation is a debate negation point with corrupt rightards.

They take the same philosophical view of regulation en masse as the NRA does.

Oppsoe everything and we will be better off than if we think about each thing in its own nature and decide what is best.
That takes effort, best to to declare war to get reelected. Because their constituents are

IDIOTS

Lies.
* The NRA does not oppose all government.
* The Republicans do not oppose all government.

Neither are anarchists, dude.

You can't use an extreme argument fallacy to justify destroying the Constitution.

[Iolo/Penderyn]

You should see what happens with socialism.

Where on earth would you see as society controlled by working people today, any more than you'd see a capitalist society not based on greed?

[Into the Night]

THis is why I believe well regulated Capitalism is best, but the regulation is essential. We need policies to prevent monopolies, criminals and trust fund baby's from running the world.

You do not need to prevent monopolies at all. They are self destructive. All it takes is for some new company to come along and shoot that dinosaur's kneecaps off.

Theft is not capitalism.

Trusts are an attempt to prevent theft by the government.

[Truth Detector]

Where on earth would you see as society controlled by working people today, any more than you'd see a capitalist society not based on greed?

^^Stuck on dumb Marxist rhetoric.

[Jarod]

You do not need to prevent monopolies at all. They are self destructive. All it takes is for some new company to come along and shoot that dinosaur's kneecaps off.

Theft is not capitalism.

Trusts are an attempt to prevent theft by the government.

Ive seen it time and time again, a small guy tries to compete with a huge conglomerate, the conglomerate bullies him out, not with a better product or lower prices, but using the marketplace. It happened to a friend of mine, she designed a hairbrush that did not hurt kids when brushing their hair. She did very well at first, then suddenly the manufacturer told her they could no longer work with her, and the larger stores told her they would no longer sell the brush. Both happened at the same time as a large corporation offered to buy the company for less than the value of the inventory. She refused to sell, and they hit her with a cease and desist letter claiming they had several patients and trademarks that prevented her from continuing to sell the brush.

She fought for a while, but when all her savings were gone, she gave up and went back to her marketing job. The brushes are still sitting in her garage.

The ultimate result is that an innovative type of hairbrush is no longer available to the general public.

[canceled.2021.2]

The beautiful idea of capitalism is that if the government stays out of managing business, needs will be awoken by the market and the most efficient at providing those needs will prosper, and on paper, in theory this is absolutely true. Its really a beautiful thing the idea that left alone the market will sort itself out. It illustrates the hand of God in the equation, things do not need to be managed...

The problem...

Human greed that leads to corruption.

We need a force to counteract the harmful effects of detect, corruption and excessive greed. This idea does not work, when corruption is allowed. IN a world where unethical behavior is allowed and hidden from the public, the most corrupt succeeds over and above the best or most efficient. When large corporations collude to fix prices, form monopolies and use tactics such as built in obsolescence the market is left with the most corrupt rising to the top, not the best. When an uneducated public is left with fewer choices in the market, or when they are lied to with marketing tactics the beauty of capitalism is corrupted. This is why American has, in many markets, lost its edge. This is why other systems beat us with superior products. This is why an incompetent trust fund baby is wealthy while the hard working intelligent person born into poverty does not rise to the top.

The dream of capitalism is sullied by corruption.

Some would say it is greedy for a lawyer to take 30-40% of a plaintiffs award

I suspect any lawyer would say “hey that’s the free market” right GayRod?

The problem with pointing a finger at someone is you typically have four pointing right back at you

I would be happy to limit the earnings of lawyers. They shouldn’t collect more than 5% of any award. That is only fair

[Jarod]

Some would say it is greedy for a lawyer to take 30-40% of a plaintiffs award

I suspect any lawyer would say “hey that’s the free market” right GayRod?

The problem with pointing a finger at someone is you typically have four pointing right back at you

I would be happy to limit the earnings of lawyers. They shouldn’t collect more than 5% of any award. That is only fair

Where did I suggest we should engage in price caps? If my clients do not like what I charge, they are free to negotiate or go elsewhere, Sometimes I agree to a reduced fee, if there are circumstances that I believe justify it. Sometimes I unilaterally cut my fee. I recently refused to take a fee on a case because it did not seem right. Once I refused a three thousand dollar fee that I had earned, the client was so grateful she has sent me over $100,000 worth of work over the years.

The Bar Association requires that I do not charge an "excessive fee", and I never do. If I did, I could get disbarred and lose my right to practice law. In Medical Malpractice cases or cases against the State, my fee is capped by the government. The result is that it is often difficult to find an attorney who will sue the government or take on a medical malpractice case.

[Truth Detector]

Ive seen it time and time again, a small guy tries to compete with a huge conglomerate, the conglomerate bullies him out, not with a better product or lower prices, but using the marketplace. It happened to a friend of mine, she designed a hairbrush that did not hurt kids when brushing their hair. She did very well at first, then suddenly the manufacturer told her they could no longer work with her, and the larger stores told her they would no longer sell the brush. Both happened at the same time as a large corporation offered to buy the company for less than the value of the inventory. She refused to sell, and they hit her with a cease and desist letter claiming they had several patients and trademarks that prevented her from continuing to sell the brush.

She fought for a while, but when all her savings were gone, she gave up and went back to her marketing job. The brushes are still sitting in her garage.

The ultimate result is that an innovative type of hairbrush is no longer available to the general public.

Did she get a patent on the brush?

[blades]

I spent a lot of time in Scandinavia, It is amazing.

The happiest nations in the world.

but they are not socialist,,,