Comments on: Love that Capitalism

By: Elli Davis

Elli Davis — Sat, 04 Jul 2009 10:56:27 +0000

yes, i got your point, but anyway, I have a bit different point of view. Yes, in capitalism some things we can consider immoral are part of the business. in regulated system they are considerred “corruption” …and? they still exist and i would say even in a worse form
look at the traditional communist country. lets say the import of american whiskey XY is regulated(=practically forbidden) because it comes from the country of devil bla bla bla. but people love this drink and the system forces to smuggle, turning them into “criminals” this was one of the biggest problems of communist countries. people had to turn into criminals to fulfill their needs. the more regulated you are the more “normal” needs are considered criminal. because regulation is in 95% due to lobbying of some group, not because it should prevent some immoralities. its often like an avalanche – you regulate one thing and other are added.

i (would like to) believe the best protection is economic and moral pressure – you sell guns to kim? ok, in that case we dont want to see you again, we dont wat your things and we will persuade our partners not to speak with you too
i dont say it can be 100% working, but nothing is 100% safe…

By: frater

frater — Wed, 01 Jul 2009 23:35:52 +0000

You’re reading into what I said, we’re talking about abstract ideas here. Corruption is a part of life and it exists in various forms in all organised human endeavours from religion to government.

The point is that in a regulated system people are making an effort to curb the worst excesses of corporations. If anything, a regulated market is exactly the recognition of what you’re saying – money rules the world, and so we cannot depend on a free market to “do the right thing.”

The real difference is, in a regulated market we get corruption. In a free market these things -aren’t- corruption, just business as usual.

Even if these things are going to happen anyway, i’d rather be part of a system that actively attempts to prevent them, rather than a system that wholeheartedly approves of them.

By: Elli Davis

Elli Davis — Tue, 30 Jun 2009 13:31:26 +0000

“To protect us from people like that” – you forgot one important point. why do u think some nasty people =businessmen on the free markit wiil do bad things, and the regulators will protect us
come on, money rule the world! iran will get the devices, no matter if we have free market, regulated capitalism, communism or feudalism! they just have to pay