Love that Capitalism

Nokia sells spy systems to Iran

I find it amazing that so many people can wholeheartedly embrace Capitalism, and then get angry about things like this. The rabid defense of Capitalism makes me suspect that it has gotten too tied in with the western national identities and too few people actually understand what it is, why it’s good, or even -if- it is good. It’s become a synonym for “us”, “good” and “freedom”, much the same way that 50’s propaganda made Communism a synonym for “evil”, “scary”, “violent” and “totalitarianist”. (Though, admittedly, the communist regimes themselves did much to aid that.)

Bottom line: You have a free market and don’t be surprised when people in it realise that they can make large profits selling nasty things to nasty people. Capitalism has no social conscience. (Which is why we have regulated, moderate capitalist markets, and not complete free-market capitalism. To protect us from people like that.)

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3 thoughts on “Love that Capitalism

  1. “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

  2. 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.

  3. 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…

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