Capitalism

This is a discussion on Capitalism within the The Foyer forums, part of the Off the Grid category; Lots of stuff that emanates from our capitalist system could be improved. But as an economic system, moderated by our ...

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Old Feb 14, 2016, 5:54pm   #497
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Lots of stuff that emanates from our capitalist system could be improved. But as an economic system, moderated by our parliamentary form of democracy and universal suffrage, it has immeasurably improved the lives and expectations of most people in the UK since the start of the industrial revolution. Note that economic systems incompatible with capitalism do not usually permit the political benefits we casually enjoy.

Taking the long view, capitalism is a rather new and not fully explored system, that continues to become understood only in real time as we live through it and we make it evolve.

The beneficial trend within capitalism has actually accelerated, despite the 2008 financial crisis that everyone seems to think was so historically important. Haven't you heard this week that male life expectancy in England is at its historically highest ever, at 84?
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Old Feb 14, 2016, 6:06pm   #498
 
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What's happened to your logical brain and fallacies dude?

Tomorton has come up with a number of points which have no validity to the argument and you are as quiet as a pussy cat with his tongue dipped deep in cream or some brown stuff who knows?
What a shocker! More mudslinging from @Atilla

What fallacies @Atilla? You claim to understand logic, so point them out. What points of @tomorton's do you believe to have no validity?

England dervied great financial success from the Enclosure Acts, which enclosed open fields of land in the countryside, creating private property rights. This was a boon to English capitalism.

Jean Baptiste Colbert coined the term "laissez-faire". He was French. Wealthy 21th century Americans are not the only people vying for laissez-faire capitalism. Colbert and other physiocrats started it in the 17th century and was later popularized by Adam Smith. Bernard Mandeville was a Dutch physiocrat famous for his "The Fable of the Bees", from which Adam Smith drew his economic metaphor "the invisible hand". The Economist, an English newspaper, was founded in 1843 and quickly became a prominent voice for laissez-faire capitalism. See, even the English are involved in the laissez-faire movement.
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Old Feb 14, 2016, 6:17pm   #499
 
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Lots of stuff that emanates from our capitalist system could be improved. But as an economic system, moderated by our parliamentary form of democracy and universal suffrage, it has immeasurably improved the lives and expectations of most people in the UK since the start of the industrial revolution. Note that economic systems incompatible with capitalism do not usually permit the political benefits we casually enjoy.

Taking the long view, capitalism is a rather new and not fully explored system, that continues to become understood only in real time as we live through it and we make it evolve.

The beneficial trend within capitalism has actually accelerated, despite the 2008 financial crisis that everyone seems to think was so historically important. Haven't you heard this week that male life expectancy in England is at its historically highest ever, at 84?

By inference, correct me if I'm wrong, you are attributing credit to capitalism.

However, it is the NHS the medical profession which is a social government run service that surely deserves recognition. Which in turn is supported by the greater tax paying populace.

One could also argue that life expectancy is correlated to more even distribution of income and diet rather than capitalism as in some developing countries where there is uneven distribution of income people don't live that long either.


Not suggesting we do away with capitalism by the way. Just looking at improving it with respect to more transparent numeration and rewards and avoiding catastrophe of the last 5 years and trillions which you seem to have dismissed and batted away as if it was of no consequence.
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Old Feb 14, 2016, 6:20pm   #500
 
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Originally Posted by Atilla View Post
By inference, correct me if I'm wrong, you are attributing credit to capitalism.
Quote:
Originally Posted by Atilla View Post
However, it is the NHS the medical profession which is a social government run service that surely deserves recognition. Which in turn is supported by the greater tax paying populace.

One could also argue that life expectancy is correlated to more even distribution of income and diet rather than capitalism as in some developing countries where there is uneven distribution of income people don't live that long either.


Not suggesting we do away with capitalism by the way. Just looking at improving it with respect to more transparent numeration and rewards and avoiding catastrophe of the last 5 years and trillions which you seem to have dismissed and batted away as if it was of no consequence.

Where are the fallacies that you claim @tomorton committed?
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Old Feb 14, 2016, 6:21pm   #501
 
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Originally Posted by hhiusa View Post
What a shocker! More mudslinging from @Atilla

What fallacies @Atilla? You claim to understand logic, so point them out. What points of @tomorton's do you believe to have no validity?

England dervied great financial success from the Enclosure Acts, which enclosed open fields of land in the countryside, creating private property rights. This was a boon to English capitalism.

Jean Baptiste Colbert coined the term "laissez-faire". He was French. Wealthy 21th century Americans are not the only people vying for laissez-faire capitalism. Colbert and other physiocrats started it in the 17th century and was later popularized by Adam Smith. Bernard Mandeville was a Dutch physiocrat famous for his "The Fable of the Bees", from which Adam Smith drew his economic metaphor "the invisible hand". The Economist, an English newspaper, was founded in 1843 and quickly became a prominent voice for laissez-faire capitalism. See, even the English are involved in the laissez-faire movement.

You are either being obtuse or just plain stupid for not seeing the argument.

Have you read this yet article yet?

http://uk.businessinsider.com/why-rb...nt-bank-2015-3

The RBS collapse did not come suddenly.

It was decades in the making, and was the result of an internal culture that put the sale of questionable financial products ahead of concerns about the risk those products would create. The bank grew recklessly, overpaying for other banks that it acquired, as its balance sheet ballooned to £2.2 trillion ($3.3 trillion), larger than the entire GDP of the United Kingdom.

That growth was overseen by two CEOs who had no direct, hands-on experience of banking.


Also refers to Mrs T and the Big Bang and Self Regulation???

Go to town on applying your logic and fallacies argument to that.


Thanks
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Old Feb 14, 2016, 6:41pm   #502
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By inference, correct me if I'm wrong, you are attributing credit to capitalism.

However, it is the NHS the medical profession which is a social government run service that surely deserves recognition. Which in turn is supported by the greater tax paying populace.

One could also argue that life expectancy is correlated to more even distribution of income and diet rather than capitalism as in some developing countries where there is uneven distribution of income people don't live that long either.


Not suggesting we do away with capitalism by the way. Just looking at improving it with respect to more transparent numeration and rewards and avoiding catastrophe of the last 5 years and trillions which you seem to have dismissed and batted away as if it was of no consequence.

Yes, doctors keep people alive. But the ones responsible for extending life expectancy so well are paid by the NHS. And how do UK taxpayers earn enough to pay the tax to the government to pass it on to the NHS? Without the earnings from capitalism, there wouldn't be an NHS.
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Old Feb 14, 2016, 6:51pm   #503
 
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Yes, doctors keep people alive. But the ones responsible for extending life expectancy so well are paid by the NHS. And how do UK taxpayers earn enough to pay the tax to the government to pass it on to the NHS? Without the earnings from capitalism, there wouldn't be an NHS.
And that is the crux of it right there. Socialist things like the NHS exist off of the back of capitalism.

What is there to go to town with @Atilla? You posted some random article about RBS. You posted some random article anout RBS. Once again you commit and a relevant conclusion fallacy.

If you're going to post an article as your argument state how you believe it is relevant.

All that you have done is provide an anecdotal evidence on one company. You are also making a fallacy of composition by stating that since one company does one thing all of them do that.
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Old Feb 14, 2016, 6:52pm   #504
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Re the global financial crisis of 2008, this is not the only place to hear that it signals the fatal weakness of capitalism and signposts its imminent inevitable death.

But what are its lasting negative effects? Which of these will persist for the long-term?
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