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Describe capitalism without using the word 'Capitalism'
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"What’s mine is mine and if I work harder than you I’ll have your share as well x
Fair enough really x"
10% of the population has accumulated over 51% of the money in circulation and don't pay fair tax on it either.
Working hard works when it's fair for everyone and everyone has to work hard |
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By (user no longer on site)
over a year ago
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If you sell this book for me you might get to be as rich as me one day. In it I describe how rich I am. I wrote it on my yacht while my maid was handing out leftovers from the dog's dinner to cute little starving children while they waited for their parents to finish their 20 hour shift in my book making factory. |
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By (user no longer on site)
over a year ago
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""Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires"
Not me but Steinbeck"
“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.”
“ capitalism: The worst economic system, except for all the others “
Not me …. Churchill
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By *m389Man
over a year ago
Bromley |
The very thing that will destroy our planet.
It has raised the quality of life for a lot of people, but with that people are just consuming in excess.
We can’t avoid a climate crisis using the very system that go us into it. |
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"The very thing that will destroy our planet.
It has raised the quality of life for a lot of people, but with that people are just consuming in excess.
We can’t avoid a climate crisis using the very system that go us into it."
The whole avoiding climate crisis is BOLLOX!!
We passed that point, it's about mitigation now.
We had our shot 20 years ago when Al Gore was trying to wake people up to the threat.
You think for a second most people even give a crap they all carry on as it's not there problem unfortunately. And in a way there kinda right even if everyone changed there lives and made the changes it would barely negate the affects of leaders of industrial production like China, it's sad. But not much we can do in reality. |
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By (user no longer on site)
over a year ago
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Ugly AF! Based on greed, tyranny and corruption. Responsible for global warming, poverty and depletion of the world's resources and ultimately utterly unsustainable and deeply cruel. |
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"Ugly AF! Based on greed, tyranny and corruption. Responsible for global warming, poverty and depletion of the world's resources and ultimately utterly unsustainable and deeply cruel. "
You kinda just labbled all forms of economics. 
However I'd dissagree with deeply cruel. |
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"Can you elaborate your first sentence?
I think it suits many people to believe the only losers in capitalism are those who just don't work hard enough. "
No worries.
Every type of economic models have everything you mentioned and more.
At the moment all the "woke" seem to want is socialism communist concept. Which is great except one problem, which rounds out this answer.
No matter what model you use, as soon as you out a human in the picture, the model becomes corrupt and full of faults. |
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By *aliceWoman
over a year ago
Birmingham |
"Can you elaborate your first sentence?
I think it suits many people to believe the only losers in capitalism are those who just don't work hard enough.
No worries.
Every type of economic models have everything you mentioned and more.
At the moment all the "woke" seem to want is socialism communist concept. Which is great except one problem, which rounds out this answer.
No matter what model you use, as soon as you out a human in the picture, the model becomes corrupt and full of faults. "
Marx knew that and wrote about the necessity for a fundamental change in human nature. But if your position is that all systems are corrupt capitalism is hard to defend. It's a pyramid scheme on a macro scale where we actually elect people to protect their own interests and their chums, and where we value people not by their contribution to society, but by what we arbitrarily decide they earn in the process. |
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"‘Peter has three apples. Sarah has none and asks Peter if she can have one.
Peter tells Sarah to fuck off.’  "
No. Peter buys 3 apples for £1.50 from Sarah. Sarah says..... Actually , i'm hungry I will buy 1 apple back from you please. Peter says, sure thing Sarah , that will be £1.50 please. Sarah thinks fuck off but pays for the apple in any case. |
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By (user no longer on site)
over a year ago
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"‘Peter has three apples. Sarah has none and asks Peter if she can have one.
Peter tells Sarah to fuck off.’ "
Until Paul advises Peter that the government will provide him with two oranges for every apple he donates to the needy.
You can buy subsidised apples from Sarah now.
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"‘Peter has three apples. Sarah has none and asks Peter if she can have one.
Peter tells Sarah to fuck off.’
No. Peter buys 3 apples for £1.50 from Sarah. Sarah says..... Actually , i'm hungry I will buy 1 apple back from you please. Peter says, sure thing Sarah , that will be £1.50 please. Sarah thinks fuck off but pays for the apple in any case. "
 Not only that but Peter is a sly bugger and deliberately sells Sarah the apple he has just taken a great big, slobbering bite out off (and additionally spat on for good measure)  |
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"‘Peter has three apples. Sarah has none and asks Peter if she can have one.
Peter tells Sarah to fuck off.’
Until Paul advises Peter that the government will provide him with two oranges for every apple he donates to the needy.
You can buy subsidised apples from Sarah now.
"
Dave observes the proceedings with interest and subsequently decides that he wants a piece of the action. He reasons that one of his bananas is worth at least five apples or else three oranges.
Peter and Sarah are unhappy with this and feel it to be a rip off.
They nonetheless go along with it though as Dave offers an iTunes voucher for two pence. |
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"‘Peter has three apples. Sarah has none and asks Peter if she can have one.
Peter tells Sarah to fuck off.’
Until Paul advises Peter that the government will provide him with two oranges for every apple he donates to the needy.
You can buy subsidised apples from Sarah now.
Dave observes the proceedings with interest and subsequently decides that he wants a piece of the action. He reasons that one of his bananas is worth at least five apples or else three oranges.
Peter and Sarah are unhappy with this and feel it to be a rip off.
They nonetheless go along with it though as Dave offers an iTunes voucher for two pence."
Peter realises that 'data' is the way and offers everyone free membership of his apple club and one free apple if they sign up with all their personal details.
People spend all day smiling at their free apple and then their inbox fills up with dubious ads and offers they can't refuse.
Peter meanwhile has retired to the Maldives and no longer deals in fruit. |
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By (user no longer on site)
over a year ago
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"‘Peter has three apples. Sarah has none and asks Peter if she can have one.
Peter tells Sarah to fuck off.’
Until Paul advises Peter that the government will provide him with two oranges for every apple he donates to the needy.
You can buy subsidised apples from Sarah now.
Dave observes the proceedings with interest and subsequently decides that he wants a piece of the action. He reasons that one of his bananas is worth at least five apples or else three oranges.
Peter and Sarah are unhappy with this and feel it to be a rip off.
They nonetheless go along with it though as Dave offers an iTunes voucher for two pence.
Peter realises that 'data' is the way and offers everyone free membership of his apple club and one free apple if they sign up with all their personal details.
People spend all day smiling at their free apple and then their inbox fills up with dubious ads and offers they can't refuse.
Peter meanwhile has retired to the Maldives and no longer deals in fruit. "
I think you mean Lord Peter |
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"Some fantastic answers here "
You have posted an opinion on this thread which was longer than three words. You will receive our invoice which will cost you £100 reduced to £60 if you pay be Saturday.
Do not ignore this message. To do so will result in a message from our solicitors an increase in costs to you and could culminate in a court appearance.
Have a nice day. |
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By (user no longer on site)
over a year ago
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"The rich get richer then avoid tax
Really? How do I avoid tax? "
Pay yourself in shares, borrow money to live off using your shares as collateral then when you die the loan is paid out of your estate. No tax anywhere, just a minimal interest charge to whoever is lending the money.
Mr |
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By (user no longer on site)
over a year ago
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"500 richest people in the world watched their wealth increase by 1 trillion usd in 2021.
A lot of apparent wealth increases in 2021 were basically recovery from hits taken in 2020. "
For the 500 richest maybe. I don't know. But if ya lost your sme or job you don't bounce back the following year and get 1/500th share of a trillion.
That describes the word above |
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"The rich get richer then avoid tax
Really? How do I avoid tax?
Pay yourself in shares, borrow money to live off using your shares as collateral then when you die the loan is paid out of your estate. No tax anywhere, just a minimal interest charge to whoever is lending the money.
Mr"
Only possible if I own my own company. |
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"500 richest people in the world watched their wealth increase by 1 trillion usd in 2021.
A lot of apparent wealth increases in 2021 were basically recovery from hits taken in 2020.
For the 500 richest maybe. I don't know. But if ya lost your sme or job you don't bounce back the following year and get 1/500th share of a trillion.
That describes the word above"
Anyone who has a pension, sipp, isa etc will have seen the results that I mention.
The ftse went down 14 per cent in 2020, and went up 14 per cent in 2021. So did we all make an absolute fortune in 2021? No, we just about got back to where we had been 2 years earlier.
But of course it makes a better headline to just focus on the upside and just focus on billionaires. |
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By *aliceWoman
over a year ago
Birmingham |
"Greed and no thought of consequences for others
Greed predates capitalism and is not confined to capitalism.
Plenty of greedy communist leaders I could mention, for example! "
But that's contrary to the ethos of communism, whereas capitalism is predicated on greed. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"Greed and no thought of consequences for others
Greed predates capitalism and is not confined to capitalism.
Plenty of greedy communist leaders I could mention, for example!
But that's contrary to the ethos of communism, whereas capitalism is predicated on greed."
Hardly , seeing as people get enough to eat when markets are free yet they starve or go hungry whenever governments try to control them.
The ethos of communism is global state controlled production, supply and media, everyone doing as the superstate dictates and no criticism of it allowed, merging of city and countryside , from each according to his/her ability to each according to need etc but it always fails because you can’t control markets, they have to be free |
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By *aliceWoman
over a year ago
Birmingham |
"Greed and no thought of consequences for others
Greed predates capitalism and is not confined to capitalism.
Plenty of greedy communist leaders I could mention, for example!
But that's contrary to the ethos of communism, whereas capitalism is predicated on greed.
Hardly , seeing as people get enough to eat when markets are free yet they starve or go hungry whenever governments try to control them.
The ethos of communism is global state controlled production, supply and media, everyone doing as the superstate dictates and no criticism of it allowed, merging of city and countryside , from each according to his/her ability to each according to need etc but it always fails because you can’t control markets, they have to be free "
The ethos of communism is an absence of state. |
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"Greed and no thought of consequences for others
Greed predates capitalism and is not confined to capitalism.
Plenty of greedy communist leaders I could mention, for example!
But that's contrary to the ethos of communism, whereas capitalism is predicated on greed."
It’s pretty simple. Some humans are greedy. It has always been that way, before capitalism, and under other political / economic systems |
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"Greed and no thought of consequences for others
Greed predates capitalism and is not confined to capitalism.
Plenty of greedy communist leaders I could mention, for example!
But that's contrary to the ethos of communism, whereas capitalism is predicated on greed.
Hardly , seeing as people get enough to eat when markets are free yet they starve or go hungry whenever governments try to control them.
The ethos of communism is global state controlled production, supply and media, everyone doing as the superstate dictates and no criticism of it allowed, merging of city and countryside , from each according to his/her ability to each according to need etc but it always fails because you can’t control markets, they have to be free
The ethos of communism is an absence of state."
Really? Not how it works in practice!
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A economic model where profit is the sole concern. To achieve thus, various strategies are employed, always to the detriment of other competing forces.
Company X makes a Widget.
Company Y and Z also make a similar or identical Widget.
It is absolutely not in the interests of Company X to tolerate the existence of Company Y and Z, because they eat in to the profit of Company X.
Ergo, Company Y and Z must be eliminated from the marketplace.
Whilst Capitalism shouts from the roof-tops that it encourages competition and innovation, and prices are kept in check due to competition, the real story is that competition is bad for business and must be removed. Capitalism positively encourages this and anyone who is not following this will be removed by the shareholders.
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"A economic model where profit is the sole concern. To achieve thus, various strategies are employed, always to the detriment of other competing forces.
Company X makes a Widget.
Company Y and Z also make a similar or identical Widget.
It is absolutely not in the interests of Company X to tolerate the existence of Company Y and Z, because they eat in to the profit of Company X.
Ergo, Company Y and Z must be eliminated from the marketplace.
Whilst Capitalism shouts from the roof-tops that it encourages competition and innovation, and prices are kept in check due to competition, the real story is that competition is bad for business and must be removed. Capitalism positively encourages this and anyone who is not following this will be removed by the shareholders.
"
They happens to a limited extent. In most business areas there is competition. I have a huge range of choice when it comes to my regular purchases (food, clothes, cars, gadgets, technology). And monopolies commissions look carefully at situations where this does not occur. |
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By *mmmMaybeCouple
over a year ago
West Wales |
"A economic model where profit is the sole concern. To achieve thus, various strategies are employed, always to the detriment of other competing forces.
Company X makes a Widget.
Company Y and Z also make a similar or identical Widget.
It is absolutely not in the interests of Company X to tolerate the existence of Company Y and Z, because they eat in to the profit of Company X.
Ergo, Company Y and Z must be eliminated from the marketplace.
Whilst Capitalism shouts from the roof-tops that it encourages competition and innovation, and prices are kept in check due to competition, the real story is that competition is bad for business and must be removed. Capitalism positively encourages this and anyone who is not following this will be removed by the shareholders.
"
Or they do what supermarkets & fuel/power companies likely do. Collude so that they may sell less widgets each but at a higher price. Company X may sell their yellow widget a bit cheaper but their blue one is dearer.Etc. Follow that through with next to useless monopolies & merger commissions & corrupt governments full of fingers in pies & you have the real face if it behind the loose fitting mask. |
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"A economic model where profit is the sole concern. To achieve thus, various strategies are employed, always to the detriment of other competing forces.
Company X makes a Widget.
Company Y and Z also make a similar or identical Widget.
It is absolutely not in the interests of Company X to tolerate the existence of Company Y and Z, because they eat in to the profit of Company X.
Ergo, Company Y and Z must be eliminated from the marketplace.
Whilst Capitalism shouts from the roof-tops that it encourages competition and innovation, and prices are kept in check due to competition, the real story is that competition is bad for business and must be removed. Capitalism positively encourages this and anyone who is not following this will be removed by the shareholders.
Or they do what supermarkets & fuel/power companies likely do. Collude so that they may sell less widgets each but at a higher price. Company X may sell their yellow widget a bit cheaper but their blue one is dearer.Etc. Follow that through with next to useless monopolies & merger commissions & corrupt governments full of fingers in pies & you have the real face if it behind the loose fitting mask."
Supermarkets? What product prices do supermarkets keep artificially high?
Supermarkets do the opposite, creating shelf prices that are unsustainably low, squeezing suppliers and producers. Eg farmers. Please give examples of where they operate cartels to inflate prices as you have suggested |
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By (user no longer on site)
over a year ago
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"A economic model where profit is the sole concern. To achieve thus, various strategies are employed, always to the detriment of other competing forces.
Company X makes a Widget.
Company Y and Z also make a similar or identical Widget.
It is absolutely not in the interests of Company X to tolerate the existence of Company Y and Z, because they eat in to the profit of Company X.
Ergo, Company Y and Z must be eliminated from the marketplace.
Whilst Capitalism shouts from the roof-tops that it encourages competition and innovation, and prices are kept in check due to competition, the real story is that competition is bad for business and must be removed. Capitalism positively encourages this and anyone who is not following this will be removed by the shareholders.
They happens to a limited extent. In most business areas there is competition. I have a huge range of choice when it comes to my regular purchases (food, clothes, cars, gadgets, technology). And monopolies commissions look carefully at situations where this does not occur. "
Really? How many local greengrocers are there for you to buy your food from? Tesco alone sells roughly 1/4 of the food bought in this country.
One you start looking at who owns which brand and where they're manufactured the I'm fairly sure there will be less competition than 30 years ago. We probably all know a local corner shop that has had a refit in the last few years and now belongs to Spa or a similar chain. Bigger companies can utilise economies of scale and simply out compete smaller ones so small local businesses disappear.
This isn't of course the fault of capitalism which makes an easy whipping boy. It's the fault of human nature. We are lazy so will choose the convenience of a supermarket for the weeks shop instead of walking to the butchers, the grocers, the chemist etc to get everything we need. We are also selfish so are not prepared to pay more for a product in order to keep a local business afloat.
Mr |
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"A economic model where profit is the sole concern. To achieve thus, various strategies are employed, always to the detriment of other competing forces.
Company X makes a Widget.
Company Y and Z also make a similar or identical Widget.
It is absolutely not in the interests of Company X to tolerate the existence of Company Y and Z, because they eat in to the profit of Company X.
Ergo, Company Y and Z must be eliminated from the marketplace.
Whilst Capitalism shouts from the roof-tops that it encourages competition and innovation, and prices are kept in check due to competition, the real story is that competition is bad for business and must be removed. Capitalism positively encourages this and anyone who is not following this will be removed by the shareholders.
They happens to a limited extent. In most business areas there is competition. I have a huge range of choice when it comes to my regular purchases (food, clothes, cars, gadgets, technology). And monopolies commissions look carefully at situations where this does not occur.
Really? How many local greengrocers are there for you to buy your food from? Tesco alone sells roughly 1/4 of the food bought in this country.
One you start looking at who owns which brand and where they're manufactured the I'm fairly sure there will be less competition than 30 years ago. We probably all know a local corner shop that has had a refit in the last few years and now belongs to Spa or a similar chain. Bigger companies can utilise economies of scale and simply out compete smaller ones so small local businesses disappear.
This isn't of course the fault of capitalism which makes an easy whipping boy. It's the fault of human nature. We are lazy so will choose the convenience of a supermarket for the weeks shop instead of walking to the butchers, the grocers, the chemist etc to get everything we need. We are also selfish so are not prepared to pay more for a product in order to keep a local business afloat.
Mr"
Fair point re supermarkets, but in the last 20 years I have seen a local increase in farm shops, markets etc, and many of my friends get veg boxes direct from farms. |
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By (user no longer on site)
over a year ago
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The good about it is that it promotes innovation, risk taking and investment.
The bad about it is that (today) it os rigged to promote innovation only by the few, reward rather than punish bad risk, and distorts the target of investment, in some cases to the detriment of wider society.
The system is not fundamentally flawed to this extent, but the players and the referees especially have made it so.
As stated already, the main flaw is the fundamental nature of all the players and their instinct for self service and opportunism. Until we evolve then the systems won’t improve. |
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By (user no longer on site)
over a year ago
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I'm loving all the hatred for socialism. You all soon love a bit of it when disaster happens. When huge areas of the country were flooded did the free market sort it out? When the banks went under was it public or private money that bailed them out? Wasn't the bloody free market was it. Similarly the furlough scheme, covid vaccine funding, test kits. All socialism.
You lot are happy to let the state privatise profit and nationalise debt. Socialism is rife in this country, in the world, but only when it suits big business. |
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By (user no longer on site)
over a year ago
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"I'm loving all the hatred for socialism. You all soon love a bit of it when disaster happens. When huge areas of the country were flooded did the free market sort it out? When the banks went under was it public or private money that bailed them out? Wasn't the bloody free market was it. Similarly the furlough scheme, covid vaccine funding, test kits. All socialism.
You lot are happy to let the state privatise profit and nationalise debt. Socialism is rife in this country, in the world, but only when it suits big business. "
You lot?
Liberalism is rife in this country. We just like to pretend it's something else. |
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By *mmmMaybeCouple
over a year ago
West Wales |
"A economic model where profit is the sole concern. To achieve thus, various strategies are employed, always to the detriment of other competing forces.
Company X makes a Widget.
Company Y and Z also make a similar or identical Widget.
It is absolutely not in the interests of Company X to tolerate the existence of Company Y and Z, because they eat in to the profit of Company X.
Ergo, Company Y and Z must be eliminated from the marketplace.
Whilst Capitalism shouts from the roof-tops that it encourages competition and innovation, and prices are kept in check due to competition, the real story is that competition is bad for business and must be removed. Capitalism positively encourages this and anyone who is not following this will be removed by the shareholders.
Or they do what supermarkets & fuel/power companies likely do. Collude so that they may sell less widgets each but at a higher price. Company X may sell their yellow widget a bit cheaper but their blue one is dearer.Etc. Follow that through with next to useless monopolies & merger commissions & corrupt governments full of fingers in pies & you have the real face if it behind the loose fitting mask.
Supermarkets? What product prices do supermarkets keep artificially high?
Supermarkets do the opposite, creating shelf prices that are unsustainably low, squeezing suppliers and producers. Eg farmers. Please give examples of where they operate cartels to inflate prices as you have suggested "
I think you are looking at it too basically. You don’t have to keep prices high if you can buy in low. If one supermarket paid a decent rate for milk then all farmers would try to sell to them wouldn’t they? So who says what the going rate for milk is? None other than the four big supermarkets buying it.
They’ll also tell you that bread & milk are net loss items to get you in the door but I’m not so sure as even our tiny Spar sells two four pint milks for £2.20. 27.5p a pint which is cheaper than all the big four around here.
S |
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By *ickJMan
over a year ago
Hemel Hempstead |
I like Sam Vimes' point about boots.
A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars.
Good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet. |
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"A economic model where profit is the sole concern. To achieve thus, various strategies are employed, always to the detriment of other competing forces.
Company X makes a Widget.
Company Y and Z also make a similar or identical Widget.
It is absolutely not in the interests of Company X to tolerate the existence of Company Y and Z, because they eat in to the profit of Company X.
Ergo, Company Y and Z must be eliminated from the marketplace.
Whilst Capitalism shouts from the roof-tops that it encourages competition and innovation, and prices are kept in check due to competition, the real story is that competition is bad for business and must be removed. Capitalism positively encourages this and anyone who is not following this will be removed by the shareholders.
Or they do what supermarkets & fuel/power companies likely do. Collude so that they may sell less widgets each but at a higher price. Company X may sell their yellow widget a bit cheaper but their blue one is dearer.Etc. Follow that through with next to useless monopolies & merger commissions & corrupt governments full of fingers in pies & you have the real face if it behind the loose fitting mask.
Supermarkets? What product prices do supermarkets keep artificially high?
Supermarkets do the opposite, creating shelf prices that are unsustainably low, squeezing suppliers and producers. Eg farmers. Please give examples of where they operate cartels to inflate prices as you have suggested
I think you are looking at it too basically. You don’t have to keep prices high if you can buy in low. If one supermarket paid a decent rate for milk then all farmers would try to sell to them wouldn’t they? So who says what the going rate for milk is? None other than the four big supermarkets buying it.
They’ll also tell you that bread & milk are net loss items to get you in the door but I’m not so sure as even our tiny Spar sells two four pint milks for £2.20. 27.5p a pint which is cheaper than all the big four around here.
S"
I was responding to a post that stated as fact that supermarkets collude to sell less units at a higher cost. I asked for examples, and stated that the exact opposite happens with supermarkets. I am still waiting for the examples of artificially high prices in supermarkets |
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By (user no longer on site)
over a year ago
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"I like Sam Vimes' point about boots.
A really good pair of leather boots cost fifty dollars. But an affordable pair of boots, which were sort of OK for a season or two and then leaked like hell when the cardboard gave out, cost about ten dollars.
Good boots lasted for years and years. A man who could afford fifty dollars had a pair of boots that'd still be keeping his feet dry in ten years' time, while the poor man who could only afford cheap boots would have spent a hundred dollars on boots in the same time and would still have wet feet."
Mr Pratchett had a wonderful way of describing reality so that it became funny yet explained points that people are own wilfully ignorant of.
RIP a great and compassionate person.
Mr |
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