Re: Stuff That A Free Market In America Would Solve.
Posted: Sun Aug 25, 2013 3:54 pm
1949. Tom Cruise as Jack Reacher
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Product allows me to survey a hotel room before I insert my forged room access card. Before, I would have to go in blindly, and potentially have to kill the occupants to retain my cover. Now, thanks to this product, I can simply see the goods before I have to put down any more people.
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The Universal Law Enforcement Reverse Peephole Viewer is the next innovative device in the arms race between police and crackheads. So why did I rate it 1 star? Because...
As a crackhead, this has made my job a lot harder. I have to be constantly weary when I enter the 10 feet x 15 degree Reverse Peephole radius by my door. So much, that I have installed another door behind by front door. Now, Law Enforcement will have to bring 2 Universal Reverse Peephole viewers to see inside my crack house. Next will be to install a non-Universal door.
1971. People misunderstanding evolution.thegreekdog wrote:1970. Evolution = capitalism
The institutions which arise from voluntary exchange are evolutionary in that the process is not centrally planned nor designed; it is spontaneous. The individuals within a free enough market order continue to adapt, readjust, and thrive. In turn, they create and modify rules by which the members adhere to.Dualta wrote:1971. People misunderstanding evolution.thegreekdog wrote:1970. Evolution = capitalism
Marx identified five epochs of human economic evolution:
a. Primitive communism - shared property, direct democracy, i.e. ancient hunting and gathering tribal societies
b. Slave societies - ruling classes emerge who own slaves, states develop as a means to protect the slave owners, agriculture emerges (for example ancient Greece and Rome, but evident on all continents)
c. Feudalist society - aristocracies emerge, organised religion is used to control people, nation states also start to form.
d. Capitalism - market economies, private property, wage labour, division of labour, financial institutions.
e. Socialism - government by the working class, a planned economy (decentralised), common ownership (nationalisation), decentralised democracy and the reduction in the size of the state.
f. Communism - the state withers away and dies, classes dissipate and there is a classless society, private property becomes history.
He believed that capitalism had within itself, its own death gene, i.e. greed. A celebrated and necessary element of capitalism, it would result in the massive accumulation of wealth by the few at the expense of the many (sound familiar?), therefore, triggering a revolution that would overthrow capitalism and introduce an economy geared towards the needs of all the people.
Many, who I agree with, have argued that Marx's dream of a communist society is unrealistic. However, his critique of capitalism is very astute. We can see it unfolding now that it is not an economic system that delivers for all the people, but only for a increasingly select few. A recent study by the development charity Oxfam found that the richest 85 people in the world own as much as the poorest 3.5 billion, and this is a trend of wealth accumulation by the richest, to the detriment of the majority. To argue that capitalism is the end of history, as I suspect you are doing, is premature. Capitalism will most definitely eat itself, but what will replace it is much harder to predict.
I don't disagree with anything you say here, although I think you're rehashing your original capitalism equals evolution statement to mean something different from your first post. I think, though, that you might think that I'm arguing that a Marxist economy would work, which I'm clearly not. I don't believe that free-market economies exist, or could work if attempted. We live with mixed economies, with a lot more planning than some are willing to admit, and with rules and regulations that restrain the activities of various actors for various reasons, from ripping each other off to forming monopolies. Where we might disagree, I believe, is how much regulation we should have, and for what reasons. I think market economies have value to human society. Like fire, they are powerful tools for us to produce great benefit for our societies, but also like fire, if not properly regulated, they'll burn the whole house down.BigBallinStalin wrote:The institutions which arise from voluntary exchange are evolutionary in that the process is not centrally planned nor designed; it is spontaneous. The individuals within a free enough market order continue to adapt, readjust, and thrive. In turn, they create and modify rules by which the members adhere to.Dualta wrote:1971. People misunderstanding evolution.thegreekdog wrote:1970. Evolution = capitalism
Marx identified five epochs of human economic evolution:
a. Primitive communism - shared property, direct democracy, i.e. ancient hunting and gathering tribal societies
b. Slave societies - ruling classes emerge who own slaves, states develop as a means to protect the slave owners, agriculture emerges (for example ancient Greece and Rome, but evident on all continents)
c. Feudalist society - aristocracies emerge, organised religion is used to control people, nation states also start to form.
d. Capitalism - market economies, private property, wage labour, division of labour, financial institutions.
e. Socialism - government by the working class, a planned economy (decentralised), common ownership (nationalisation), decentralised democracy and the reduction in the size of the state.
f. Communism - the state withers away and dies, classes dissipate and there is a classless society, private property becomes history.
He believed that capitalism had within itself, its own death gene, i.e. greed. A celebrated and necessary element of capitalism, it would result in the massive accumulation of wealth by the few at the expense of the many (sound familiar?), therefore, triggering a revolution that would overthrow capitalism and introduce an economy geared towards the needs of all the people.
Many, who I agree with, have argued that Marx's dream of a communist society is unrealistic. However, his critique of capitalism is very astute. We can see it unfolding now that it is not an economic system that delivers for all the people, but only for a increasingly select few. A recent study by the development charity Oxfam found that the richest 85 people in the world own as much as the poorest 3.5 billion, and this is a trend of wealth accumulation by the richest, to the detriment of the majority. To argue that capitalism is the end of history, as I suspect you are doing, is premature. Capitalism will most definitely eat itself, but what will replace it is much harder to predict.
On the contrary, Marx supplied a load of bollocks which peaked in the 1960s throughout the serious professions, but it has faded away as more data were gathered on areas which implemented similar enough Marxist policies (*they fared much worse, which explains the intellectual departure from that analytical approach). The Marxist theory has been bankrupted empirically but has survived within the normative realms; it has freed itself from reality but will always remain irrelevant.
1972. Optimizing given the constraint of the knowledge problem.