[Discussion] Does capitalism work?

[Multiply]

Quick question for all them NB intellectuals. Does capitalism work inherently? Will it work with the way society is changing? Is there a better alternative? Let me know how you feel U_U.

 

[A$AP Wap]

So... what's capitalism again?

 

[YP2]

It does when you have a free market and there is not a lot of government regulation. The more government is involved, the less functional the market is. You only need a limited government in order to have a free market which is what allows countries to flourish. Equal opportunity for everyone but not equal outcomes. The bigger the government that equal opportunity/not outcomes becomes more difficult and it might evolve into a socialistic/communist based economy.

 

[V h o]

Builds competition amongst private owners, although government involvement skews this heavily.

 

[A$AP Wap]

Builds competition amongst private owners, although government involvement skews this heavily.

Yeah, that's exactly what I was about to say.

 

[paratise]

Depends on how you define 'working'. What is the aim of 'working' when it comes to economic systems?

Consistency? Equality? Happiness? Financial stability? Production? Fairness?

 

[Wabbit]

Capitalist country sent the man to the moon,did not collapse in cold war and still dominating. Idk about underlying stuff about peoples suffering, what is real capitalism or how little different they were from commies.

 

[DeadManWonderLand]

Depends on how you define 'working'. What is the aim of 'working' when it comes to economic systems?

Consistency? Equality? Happiness? Financial stability? Production? Fairness?

What we need is a consistent fair production which would undoubtedly lead to financial stability and thus equality.

But,how lol

 

[DeadManWonderLand]

As rudiment and clunky not to mention cheesey as this sounds what we really need to do is come together as a species.
Anyone who dreams of doing something learning something helping people and maintaining the environment will still always want to do these things.

I listened in a cracked podcast that delved into the way we produce and ship things out and humans patterned history of work.
A true gobal free market would cease the need to currency altogether.

 

[Shadow Phantasm]

It does when there's a checks and balances to keep power of the free market from being held in one group or the other.

Capitalism is the embodiment of supply and demand,if people like what you're selling then you can make it big.

On the flip side,if people don't like it then you'll probably feel the effects sooner or later.

 

[Multiply]

It does when there's a checks and balances to keep power of the free market from being held in one group or the other.

Capitalism is the embodiment of supply and demand,if people like what you're selling then you can make it big.

On the flip side,if people don't like it then you'll probably feel the effects sooner or later.

How do you find a good mix between monopoly and minimal government power?

 

[Shadow Phantasm]

How do you find a good mix between monopoly and minimal government power?

Good question,I'm of the belief that a capitalist society works best when businesses work with some government oversight but not too much.People should be able to buy product without having to deal with a middleman in the form of government red tape.

Anti consumer laws are something I support because they prevent abuse from the private sector and leads to a better service for the consumer.

After all you wouldn't want to buy something if it's faulty or a health hazard.

 

[Ken Kaneki]

Capitalism in theory works best when there are no barriers, no ceilings or floors , no subsidy , no minimum wage rate etc. According to the theory, if no governmental interference is there and the market and the Central Bank operate on the principals of Capitalism would ensure that all the people gain the maximum they can. Theoretically that is.

But no government would allow mimum wage rate to fall into abyss, no government would impose no tax , no government would remove all barriers and no government would let its domestic market die. Even in short term. The political pressure would be too much. Hence we often see a mix of socialism and capitalism. So capitalism would more where the government is less socialistic. However being less socialistic also has costs and thus no government can truly be capitalistic .

 

[MangaArtist007]

Capitalism would only make a happy society if we as humans behave in a proper manner. Otherwise, the few who are rich feast and everyone else starves on the streets.

 

[Aqush]

It works great if you're rich.
It only works if you're middle class.
It doesn't work at all if you're poor.

Remember kids, social security, free education, free healthcare, defined working hours and minimum wages are all evil socialists heresies meant to rob us of our very, very hard earned money!

 

[Jazzy Stardust]

Yeah it works, is it perfect? No.

 

[scrmz]

This amounts to asking : "Does terrorism work?"

 

[slimreaper]

milton friedman

[video]https://youtu.be/RWsx1X8PV_A[/video]