[ame=http://www.youtube.com/watch?v=xA_glFb0oWs]The Rich Get Richer Explained - YouTube[/ame] [ame=http://www.youtube.com/watch?v=oGIvw7T0GPI]Quantitative Easing Revisited - YouTube[/ame] The Buff-ate, & The Bernank
[ame=http://www.youtube.com/watch?v=HT04B7s1xM8&feature=g-all-u]The MADNESS of the Ruling Elite & End of the Petrodollar: Mike Rivero - PART TWO - YouTube[/ame]
Anyone can get rich.. The rich just convince the masses of people to call anyone with credible, intelligent information a "conspiracy theorist"
The inherent contradiction of capitalism is the inevitable concentration of power and wealth into the hands of the few.
The inherent contradiction of communism is the inevitable concentration of power and wealth into the hands of the few.
A monopoly on the issuance of currency by the state is the antithesis of capitalism. Central banking is one of the tenants of the communist manifesto, this isn't by accident.
actually every known economic system in the world is capitalist. Since there has never been true communism or true socialism. Much like there has never been true anarcho capitalism, or a true laissez faire economy. statism is when government controls either economic or social policy to a significant degree. Statism is also state capitalism (notice its still capitalism). In the US we have statism for our social policy, and state capitalism which eroded into corporate capitalism for our economic policy.
Capitalism is the respect of property rights, and private ownership of the means of production. Not only do we have a state issued monopoly on the production of commodities (currency, medium of exchange), the same commodity is continuously damaged by the state. I am neither allowed the freedom to develop my own currency, nor may I interfere with the state's (monopoly enforced) gradual destruction of my property. If I can't defend the value of my property, nor produce a version of my own, then where is the evidence of capitalism? The Federal Reserve Note is half of every economic transaction in the country, the other half being a good or service it's exchanged for. We live under a planned economy, and the grip is becoming ever tighter as the state's position as creditor is further tightened over a nation of debtors who consume without a counterbalance of production. There are free markets, and then there is statism. Statism may go by many names, the name is dependent upon the local population, it's history and culture. However, it's all got the same flavor to it, the difference being that some version may be labeled as decaf, the other black.
do we have private ownership in the USA? do we have property rights? can we trade services for goods for profit? if the answer is yes to all of those questions to an extent then its capitalism. "the chinese are capitalists" ~ron paul
Is there control by the state? If the answer is yes every government is socialist. See I can be stupid also!
There are pieces of capitalism and socialism in almost every modern society. Even under free market capitalism, socialism would still exist in certain forms because some people demand it. Being able to voluntarily trade certain goods != capitalism. We don't have meaningful property rights in the United States. We have limited property rights, but the United States maintains ultimate ownership of all the land within the US and many pieces of land outside it as well.
If your land can be taken away by the state you don't own it. Try not paying property taxes. No one owns land in the US landowners and home owners just rent it from the government.
Ah, I wouldn't be a good homeowner. I'd rather just pay my $1250 monthly rent and let someone else deal with the BS.
Yeah, but renting it from the government is so much cheaper than renting it from a private party. Seriously. $1000 a month or $1000 a year? (Depending on the area and property.) Not including repairs and such. And not counting mortgage... It can be quite the bullshit though overall. I'm much happier renting since I don't have to worry about repairs.
It's a little sketchy to me that schools don't teach economics, finances, and investment as standard curriculum. That would take people a hell of a lot further than Algebra, Trigonometry and Calculus.