Obama equates capitalism with slavery!!

No, in pre industrial society, children began working as soon as they could walk and talk, usually on a family farm, or apprenticing with Dad.

As society industrialized, it was natural for a child to take better pay at a factory job instead of working on the farm, to help support the family.

so for the record, are you pro child labor in this modern era?
 
Is not capitalism based upon the profit motive? And wasn’t slavery as a business based upon the profit motive?

If you actually read the topic post you’d find that Obama never even used the term capitalism

into the night gets deranged on terms regarding economics definitions.

other than that he's a great american.
 
Hey “chiwawa” you are the one who implied that socialism only serves the “elite and powerful,” so based upon your conclusion, the SS and Medicare you receive is benefiting those people and not you, duh

You mean my money that they confiscated from my wages. I would like to get all of that back.

Apr 18 was Tax Freedom Day. We are slaves to a Socialist gov't for a third of the year.
 
Capitalism has no 'precursor'.

So is theft. ALL forms of socialism are based on theft, including slavery.

Word games gets you nowhere, anchovies.

Word games gets you nowhere, anchovies.

And to respond accordingly:

Wrong

Wrong

Irrelevant

Irrelevant

If you want to exchange comment on entire posts, content, I think it would be safe to assume that everyone here graduated from middle school, although sometimes I have my doubts
 
No, in pre industrial society, children began working as soon as they could walk and talk, usually on a family farm, or apprenticing with Dad.

As society industrialized, it was natural for a child to take better pay at a factory job instead of working on the farm, to help support the family.

it was not fucking natural for children to take better jobs at the factory.
 
Exactly right. Both Social Security and Medicare are socialism and communism. They (the government) steal wealth, take a hefty cut for themselves, and redistribute the little that remains, claiming to be 'generous'.

Ah, no duh, socialism, not communism, which has been a part of the U.S. since the 19th Century, if not earlier

You really don’t have an understanding of the terms you freely throw around
 
But they are both based upon the profit motive, be it an individual or State, and that is what Obama was pointing out as the abuses of the market system not a flat out attack on capitalism as the topic post implies

In the end, any viable economic system is based on a profit motive.
 

Why not, didn’t you tell us earlier socialism was evil and it was socialism that ended child labor, so wouldn’t you be in favor of child labor, kids have the “freedom” to work where they like and not limited by Government interference
 
Socialism is totally based on confiscation of profit.

Well then capitalism is based upon maximizing profit as much as one can regardless of consequences, which would make Obama correct attacking capitalism, if that is what he really did, which he didn’t
 
Not entirely, or in its purest form, which is why no nation has a straight capitalist or socialist economy, they all have mixed economies

A truly socialist economy would generate no profits and would never last long. On the other hand, a straight capitalist economy would work. The only question is how "fair" either would be if that concerns you.
 
A truly socialist economy would generate no profits and would never last long. On the other hand, a straight capitalist economy would work. The only question is how "fair" either would be if that concerns you.

because of fiat currency and fascism, no economies are organic anymore.

it;s all totalitarianism.
 
In my defense I figured out that I had made a mistake in voting for Obama with-in five months of him taking the post.
 
Why not, didn’t you tell us earlier socialism was evil and it was socialism that ended child labor, so wouldn’t you be in favor of child labor, kids have the “freedom” to work where they like and not limited by Government interference

Find the quote so I can respond.
 
A truly socialist economy would generate no profits and would never last long. On the other hand, a straight capitalist economy would work. The only question is how "fair" either would be if that concerns you.

Neither never did for a reason, and either could if “fairness” wasn’t a factor
 
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