Capitalism is socialism?
https://americanaffairsjournal.org/2017/05/corporate-contradictions-neoliberalism/
Or perhaps more accurately, "corporatism".
Interesting read, that argues each corporation is a mini state, getting it's authority from a state sanctioned charter, and the shareholders paying into a socialized thing that no single person (Or group of people) own.
Would love if the business savvy among us could take a look and speak their mind.
Nah that's bullshit, the principles of capitalism are private property and consent. These corporations are built upon the voluntary participation of its constituents and customers, as well as transactions based on private ownership on property, not at all resembling the state coercively and backed at the point of force taking your money and distributing as it sees fit.
Additionally, a capitalist economy is set by market factors in a free market whereas socialism artificially organizes this shit.
At a very important point of principle and structure the two are completely different, as well as in their productivity. Capitalism generates wealth, whereas socialism generates poverty.
You don't need to be particularly business savvy or extremely proficient with economic theory to recognize it it's pretty on the surface stuff.
Originally posted by Emperordmb
Capitalism generates wealth, whereas socialism generates poverty.
I know you're 1st year college guy and you're all 'classic liberal free-market' edgelording yourself out until you're blue in the face and that's cool, you do that. Just a part of growing.
But do you really think it's that cut and dry, black and white? Cos Capitalism doesn't work without the upwards movement of money from the have-less to the have-mores, which as an effect creates poverty. Look at it this way, if everyone where a billionaire, the world wouldn't function. Not that capitalism is inherently a bad thing mind you.
As far as socialism creating poverty as an absolute statement. Norway is considered a socialist country. It's doing pretty well for itself. As are several other of the Scandinavian and European countries. So it seems like socialism can and does work, in certain settings.
Capitalism is not socialism, but socialism is the end-game of capitalism. Eventually the free-market fails as the most successful companies devour the lesser ones and instill monopolies, at which point the exchange of currency for products/services ceases to be voluntary and becomes coercion-based. ISP's are a good example. Company gets big -> eats the surrounding companies -> uses its insane wealth to fund laws that make it harder for other companies to compete -> free market collapses and individuals are forced to pay that company for its services as the alternative is lacking a vital resource that's basically mandatory to be successful in the modern world.
No one is a Comcast customer by choice.
Originally posted by DarthSkywalker0
You claimed that the Nordic countries were socialist
He said they're considered socialist. What is considered "socialist" today, i.e what most people refer to when they say they support socialism, is primarily capitalist integrated w/ socialist programs. Much in the same way that actual socialism (state-controlled economy) is what most people call "communism," even though communism is supposed to be stateless.
Originally posted by Tzeentch
Capitalism is not socialism, but socialism is the end-game of capitalism. Eventually the free-market fails as the most successful companies devour the lesser ones and instill monopolies, at which point the exchange of currency for products/services ceases to be voluntary and becomes coercion-based. ISP's are a good example. Company gets big -> eats the surrounding companies -> uses its insane wealth to fund laws that make it harder for other companies to compete -> free market collapses and individuals are forced to pay that company for its services as the alternative is lacking a vital resource that's basically mandatory to be successful in the modern world.No one is a Comcast customer by choice.