Australian Politics Forum - Why Capitalism Rocks

aquascoot Gold Member Offline Australian Politics Posts: 35360 Gender:	Why Capitalism Rocks Oct 25^th, 2017 at 7:35am
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Grappler Deep State Feller

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Re: Why Capitalism Rocks
Reply #1 - Oct 25^th, 2017 at 9:24am

This'll be good for a laugh...... our society and all other successful societies are a combination of restrained capitalism and socialism .. any delusion that unconstrained capitalism is the only way forward is just that - delusion - as history so clearly shows us from the times of the Robber Baron capitalists, and the endless revolutions by the starving and oppressed masses that lead to bloodshed and often social disruption.

Why anyone would continue to adhere to the absurd thinking that there is only either capitalism or socialism is beyond me. Roll Eyes

ONLY in Internetland is this kind of thinking even allowed the light of day.

Your youtube article doesn't even address capitalism v any form of socialism - it's about reasoned middle of the road thinking v Marxist theory and rhetoric..... huge difference. In no way does it support 'capitalism' - only western values.

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
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it_is_the_light Gold Member Offline Christ Light Posts: 41434 The Pyramid of LIGHT Gender:	Re: Why Capitalism Rocks Reply #2 - Oct 25^th, 2017 at 9:28am capitalism failed .. the banks had to get bailed out and that is communism Moral Hazard Explained in One Minute: AIG Bailout, General Motors Bailout, Bank Bailouts, etc.
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aquascoot Gold Member Offline Australian Politics Posts: 35360 Gender:	Re: Why Capitalism Rocks Reply #3 - Oct 25^th, 2017 at 10:27am capitalism is a "meritocracy". the more valuable you are, the more valuable you are. we all know this and it gives us the motivation to "strive". WTF sort of world would it be if you got out of bed in the morning and you didnt have anything to strive for. that would be a living hell
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Prime Minister for Canyons

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Re: Why Capitalism Rocks
Reply #4 - Oct 25^th, 2017 at 10:30am

Grappler Deep State Feller wrote on Oct 25^th, 2017 at 9:24am:

This'll be good for a laugh...... our society and all other successful societies are a combination of restrained capitalism and socialism .. any delusion that unconstrained capitalism is the only way forward is just that - delusion - as history so clearly shows us from the times of the Robber Baron capitalists, and the endless revolutions by the starving and oppressed masses that lead to bloodshed and often social disruption.

Why anyone would continue to adhere to the absurd thinking that there is only either capitalism or socialism is beyond me. Roll Eyes

ONLY in Internetland is this kind of thinking even allowed the light of day.

Your youtube article doesn't even address capitalism v any form of socialism - it's about reasoned middle of the road thinking v Marxist theory and rhetoric..... huge difference. In no way does it support 'capitalism' - only western values.

Pure capitalism is as bad as poure socialism

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In a time of universal deceit — telling the truth is a revolutionary act.

No evidence whatsoever it can be attributed to George Orwell or Eric Arthur Blair (in fact the same guy)

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Fuzzball Gold Member Offline Posts: 6381 Australia Gender:	Re: Why Capitalism Rocks Reply #5 - Oct 25^th, 2017 at 10:45am It's Capitalism that pays the bills, and Socialism which accrues the bills........
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tickleandrose Gold Member Offline Australian Politics Posts: 4118 Gender:	Re: Why Capitalism Rocks Reply #6 - Oct 25^th, 2017 at 11:18am Fuzzball wrote on Oct 25^th, 2017 at 10:45am: It's Capitalism that pays the bills, and Socialism which accrues the bills........ Until the capitalist goes belly up due to their own greed, and ask for hand outs from the people.
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John Smith Gold Member Offline Australian Politics Posts: 75407 Gender:	Re: Why Capitalism Rocks Reply #7 - Oct 25^th, 2017 at 11:27am Fuzzball wrote on Oct 25^th, 2017 at 10:45am: It's Capitalism that pays the bills, and Socialism which accrues the bills........ it wasn't capitalism that bailed out the banks during the GFC
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bwood1946 Gold Member Offline Australian Politics Posts: 1598 Gender:	Re: Why Capitalism Rocks Reply #8 - Oct 25^th, 2017 at 11:33am John Smith wrote on Oct 25^th, 2017 at 11:27am: Fuzzball wrote on Oct 25^th, 2017 at 10:45am: It's Capitalism that pays the bills, and Socialism which accrues the bills........ it wasn't capitalism that bailed out the banks during the GFC I missed that bit how did the australian gov bail out the banks IE . 1 2 3
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Prime Minister for Canyons

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Re: Why Capitalism Rocks
Reply #9 - Oct 25^th, 2017 at 11:38am

bwood1946 wrote on Oct 25^th, 2017 at 11:33am:

John Smith wrote on Oct 25^th, 2017 at 11:27am:

Fuzzball wrote on Oct 25^th, 2017 at 10:45am:

It's Capitalism that pays the bills, and Socialism which accrues the bills........

it wasn't capitalism that bailed out the banks during the GFC Cheesy

I missed that bit how did the australian gov bail out the banks IE . 1
2
3

Not so much bailout, but keep them in check so they didnt have to bail them out.

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In a time of universal deceit — telling the truth is a revolutionary act.

No evidence whatsoever it can be attributed to George Orwell or Eric Arthur Blair (in fact the same guy)

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Prime Minister for Canyons

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Re: Why Capitalism Rocks
Reply #10 - Oct 25^th, 2017 at 11:39am

t wasn't always this way. Before 2008, when the global financial system came close to imploding, there was always an understanding that governments would try to maintain order in the financial system. Exactly what that meant had never been spelt out.

But the $120 billion taxpayer bailout of Australia's banks during the crisis - that's the amount they borrowed using the taxpayer guarantee - changed all that. It set the bailout provisions in stone. Depositors were protected at zero cost to the banks. More significantly, the guarantees on offshore debt shifted all the risk from bank shareholders to taxpayers

And bail them out http://www.abc.net.au/news/2014-11-10/verrender-bank-bailouts-its-now-taxpayers-...

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In a time of universal deceit — telling the truth is a revolutionary act.

No evidence whatsoever it can be attributed to George Orwell or Eric Arthur Blair (in fact the same guy)

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John Smith

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Re: Why Capitalism Rocks
Reply #11 - Oct 25^th, 2017 at 11:47am

bwood1946 wrote on Oct 25^th, 2017 at 11:33am:

John Smith wrote on Oct 25^th, 2017 at 11:27am:

Fuzzball wrote on Oct 25^th, 2017 at 10:45am:

It's Capitalism that pays the bills, and Socialism which accrues the bills........

it wasn't capitalism that bailed out the banks during the GFC Cheesy

I missed that bit how did the australian gov bail out the banks IE . 1
2
3

who said anything about australia?

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Grappler Deep State Feller

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Re: Why Capitalism Rocks
Reply #12 - Oct 25^th, 2017 at 12:05pm

aquascoot wrote on Oct 25^th, 2017 at 10:27am:

capitalism is a "meritocracy". the more valuable you are, the more valuable you are.

we all know this and it gives us the motivation to "strive".

WTF sort of world would it be if you got out of bed in the morning and you didnt have anything to strive for.

that would be a living hell Cry

"the more valuable" by whose and by what 'standards'? Whatever happens to pass for a brain fart at any given time by the person applying them?

Get out more..... there is many an idiot making decisions about the lives and livelihoods of others....

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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Karnal

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Re: Why Capitalism Rocks
Reply #13 - Oct 25^th, 2017 at 4:52pm

Prime Minister for Canyons wrote on Oct 25^th, 2017 at 10:30am:

Grappler Deep State Feller wrote on Oct 25^th, 2017 at 9:24am:

This'll be good for a laugh...... our society and all other successful societies are a combination of restrained capitalism and socialism .. any delusion that unconstrained capitalism is the only way forward is just that - delusion - as history so clearly shows us from the times of the Robber Baron capitalists, and the endless revolutions by the starving and oppressed masses that lead to bloodshed and often social disruption.

Why anyone would continue to adhere to the absurd thinking that there is only either capitalism or socialism is beyond me. Roll Eyes

ONLY in Internetland is this kind of thinking even allowed the light of day.

Your youtube article doesn't even address capitalism v any form of socialism - it's about reasoned middle of the road thinking v Marxist theory and rhetoric..... huge difference. In no way does it support 'capitalism' - only western values.

Pure capitalism is as bad as poure socialism

There's no such thing. Capitalism is supported by states.

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Jasin

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Re: Why Capitalism Rocks
Reply #14 - Oct 25^th, 2017 at 5:03pm

Capitalism has its flaws.
I would have felt much safer travelling around the USSR than the Russia of today with it's Capitalist ways.
As long as I adhered to the Soviet rules - all would have been fine.
Now - it's far more dangerous than the USA.
I had a mate who has travelled many dangerous countries, but as he walked out of the Airport in Moscow, he turned straight back in and could tell that Russia is NOT a safe place at all. He said that just going through the Airport, he could tell that it was just one big Mafia-like run nation now.
That day, 3 backpackers were murdered on their first day of arrival - taken down an alleyway by a Taxi where other's met them, shot them and stole everything they had.

What you see on TV is a 'happy Russia' that is promoting a great existence now that it has changed to the 'American way'. What you don't see is a nation of chaos, anarchy, despondency, murder, corruption, prostitution rife, drugs, alcohol damage and much more. I can understand why so many Russians are trying to come to Australia - just ask any of them that are piling into Queanbeyan how bad it is over there.

At least with the Soviet Union - everyone had a job. Sure, it might not be your choice job. But you were at least employed and any hardship was mostly brought on by Sanctions brought upon by the USA.

Out with Communism and in with Chaos!
Sure, many Russians are becoming 'rich' - but it is at the cost of many becoming destitute (and dead).

Will Australia head that way too?

Will our Egalitarian 'shared wealth' middle-class be torn apart by a minority of super over-indulgent wealthy and an explosion of millions of people living in destitution to pay for it??

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AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY.

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