Too Bad This Isn't Standard Capitalist Thinking

[ananda]

If that is the case, then America's economic engine is not capitalism either because government places all sorts of rules on how it is conducted.

I would agree.

 

[Desk trauma]

If that is the case, then America's economic engine is not capitalism either because government places all sorts of rules on how it is conducted.

Actually if applying regulations to commerce makes it not capitalism, capitalism does not and cannot exist anywhere. Even in lawless markets such as the illegal drug trade or commerce within failed states some control is exerted.

 

[Pommer]

In your opinion, which is the better thing, inexpensive tools made by unhappy people or expensive tools made by happy people?

Only rich people can afford cheap tools!

 

[Dave-W]

If that is the case, then America's economic engine is not capitalism either because government places all sorts of rules on how it is conducted.

We are certainly a long way away from a true capitalism.

 

[Dave-W]

If that is the case, then America's economic engine is not capitalism either because government places all sorts of rules on how it is conducted.

A former pastor of mine (who was a hippie before coming to faith) said he never really understood capitalism until he got in on the wrong end of a dope deal gone bad .....

 

[ralfyman]

I think this was practiced in the U.S. for many decades, i.e., most people worked in farms and factories. But greatest opportunities for middle class lifestyles prevailed, leading to the move to the service industry.

Similar has been taking place even in countries where manufacturing was outsourced.