assateague wrote:You seem to ignore the fact that, in a truly capitalistic system, the very thing which will check greed will be other greed. The greed of a consumer to hold on to a little more of their money. The greed of a start up to get a piece of the pie, by offering better or cheaper service. The greed of the wealthy to have more will ultimately lead to its own "correction" when people get tired of it.
That is not greed. Self-interest is NOT greed. Greed is wanting for the sake of wanting even though it costs more than it is worth. Greed is harmful. Self-interest is beneficial. A greedy husband harms himself and his family. A self-interested husband helps his family. Greed is not good. Taking care of yourself is not greed and it is good. But other than the semantics, it is obvious that each side looking out for their own interests is the check on the other side.
He also conveniently neglects that the free market means just that freedom. Freedom cannot exist without equality. Some cannot be more free than others and claim freedom exists. He is correct that evil exists. He is correct that greed exists. But the free market does not mean murder for hire is permitted if their is a market for it. It is clearly not a free market if you can murder your competition.http://www.merriam-webster.com/dictionary/capitalism
an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market
If all these aspects do not exist it is not capitalism.
Decisions are made freely and competition is fair.
Theft is not capitalism. Fraud is not capitalism.
Maybe it is just that liberals think so little of themselves and how easily they are corrupted and cannot be trusted with freedom to make their own decisions that they project it on everyone.
Without morality, no system of government, no society, no progress is possible. If people in general are not good, it is hopeless.
No perfect system will exist because greed and all other human failings will never be eliminated. The best system is the one that minimizes the potential harm of human failings. The free market system does just that, but it does not eliminate the need for a police force to prevent fraud and all other crimes. As well as a need for national defense. The need for regulations where the costs are born by those that do not receive the benefits (e.g., pollution). The need for government intervention where the benefits exist even if you wouldn't bear the costs (e.g., national defense, police force). And then some limited scope for the general welfare (e.g. public education), but they need to be done with great caution so that the greed of the politicians, employees, suppliers, workers, etc. lead to a horribly suboptimum system like for example the Chicago Public School.
ScaupHunter wrote:Historically, every society that has full government control of the people has had ridiculous levels of corruption.
BDD2, claims the national progression of free market capitalism is corruption, yet where is his real world example where government stayed within it's bounds of protecting the rights of the people to be free. Sadly history says that the natural progression of society is not to freedom and it is not contingent on being based on free market capitalism. Free market capitalism is not the natural state. It is quite unnatural. Great power in a very few hands used in horrible ways is the natural order of things. Hopefully as knowledge is spread to greater fractions of the population, the tendency toward this state is reduced and free market capitalism will become more uniform around the globe. Of course when you live in a corrupt society whether it is Egypt or Chicago, the idea of free market capitalism is foreign and cronyism is normal. To avoid this natural progression, smaller decentralized government is the answer. As Detroit spirals, the population is free to leave and the suffering is minimized. Had those that stayed behind received the knowledge they should have from a solid K-12 education, there would either be a ghost town or the death spiral would have never been tolerated. With centralized government, you cannot escape and violates the most common sense argument of not putting all your eggs in one basket.
Stupid people can cause problems, but it usually takes brilliant people to create a real catastrophe. Thomas Sowell