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Author: Fred WeissFred Weiss Date: Sep 6, 2008 17:35
On Sep 6, 8:01 pm, Fred Weiss papertig.com> wrote:> On Sep 6, 3:21 pm, tg earthlink.net> wrote:>> Commodification is perhaps inevitably the result of a system such as
>> we have now, whatever you call it. It is very likely that it
>> *increases* the scarcity of quality products, perhaps even by
>> definition.
>
> Actually, if anything, it *increases* the availability of "quality"
> products because these so-called "quality" products can piggy-back on
> the vast market for more affordable products - affordable for the vast
> majority of people (who clearly don't concern our "savvy socialist",
> Tiggy).
Our "savvy socialist" Tiggy here reveals what I have usually found
when you scratch a socialist - either someone who wants to drag
everyone down to the lowest common denominator....or a snob who
loathes the extent to which capitalism has made life easier and more
affordable for the vast majority of people. Or, actually, someone who
is both, depending on when and which way you scratch him.
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Author: tata Date: Sep 6, 2008 19:11
On Sep 6, 3:21 pm, tg earthlink.net> wrote:> On Sep 6, 2:54 am, "Sean" now.com.au> wrote:
>
>
>>> "Publius" nospam.comcast.net> wrote in message>
>>news:Xns9B10E6B261EC6mpubliusnospamcomcas@216.196.97.136...
>
>
>>>>> "Capitalist" has two senses. It may refer to an adherent or advocate
>>>>> of natural economics (a free market economy), or it may refer to a
>>>>> person who provides financing for a productive endeavor or
>>>>> enterprise.
>
>>>>> A capitalist in the second sense provides the financing which allow
>>>>> the farmers to buy seed, machinery, and fertilizers, the carpenter to
>>>>> buy tools, vehicles, lumber, and other supplies, and the carpenter to ...
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Author: ImmortalistImmortalist Date: Sep 7, 2008 00:01
On Sep 6, 10:18 am, Publius nospam.comcast.net> wrote:>> But capitalist and capitalism are two separate things/ideas. The
>> former is as you define, but the later is a means to decision of last
>> resort. Its like the political science debate about what should be the
>> final arbiter in a dispute between rights; a monarch, a representative
>> body or individual rights.
>
>> Capitalism is the economic system in which the means of production are
>> owned by private persons, and operated for profit and where
>> investments, distribution, income, production and pricing of goods and
>> services are predominantly determined through the operation of a free...
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Author: ImmortalistImmortalist Date: Sep 7, 2008 00:06
On Sep 6, 2:14 am, Fred Weiss papertig.com> wrote:> On Sep 5, 11:05 pm, Immortalist yahoo.com> wrote:
>>> As an example the Soviets, when they existed as a left wing form of
>> totalitarianism, invented the satellite,....
>
> Please. All of the basic technology was invented in the West,
> primarily in Germany and the USA. The Soviets usurped it, poured
> billions into it for its propaganda value while their people were
> standing on line for bread.
>
I think I agree but the main point is that inventions come from people
with incentives. All incentives do not come from free enterprise and
competition. What about Galileo etc... before free enterprise was even
formalized into a system of ways and means?
>> ... The
>> unanticipated announcement of Sputnik 1's success precipitated the
>> Sputnik crisis in the United States and ignited the Space Race within
>> the Cold War.
>
> And in a matter of a few...
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Author: Fred WeissFred Weiss Date: Sep 7, 2008 00:25
On Sep 6, 10:11 pm, ta nc.rr.com> wrote:
> In addition, scarcity is beneficial to those that control the scarce resource.
True, if they can. But they rarely can.
If you understood economics, you would understand why.
> The bottom line is that the earth contains a finite amount of natural resources.
Which "miraculously" we never seem to run out of and without gov't
interference and restrictions continually get cheaper and cheaper.
Gee, how is that possible?
If you understood economics, you would understand why.
In the meantime see the famous Simon/Ehrlich Wager:
http://en.wikipedia.org/wiki/Simon-Ehrlich_wager.
But nothing will ever convince the chronic assorted Chicken Littles
and Doomsayers.
> The scary thing is that Fred's childish, misguided reasoning is commonplace.
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Author: Fred WeissFred Weiss Date: Sep 7, 2008 00:43
On Sep 7, 3:06 am, Immortalist yahoo.com> wrote:> On Sep 6, 2:14 am, Fred Weiss papertig.com> wrote:
>>> On Sep 5, 11:05 pm, Immortalist yahoo.com> wrote:>
>>> As an example the Soviets, when they existed as a left wing form of
>>> totalitarianism, invented the satellite,....
>
>> Please. All of the basic technology was invented in the West,
>> primarily in Germany and the USA. The Soviets usurped it, poured
>> billions into it for its propaganda value while their people were
>> standing on line for bread.
>
> I think I agree but the main point is that inventions come from people
> with incentives. All incentives do not come from free enterprise and
> competition. What about Galileo etc... before free enterprise was even
> formalized...
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Author: chazwinchazwin Date: Sep 7, 2008 02:39
Scarcity is not a quality of the market that any capitalist system
seeks to solve.
Scarcity is the lifeblood of the capitalist system and its
continually seeks to encourage scarcity. It does this in two ways,
both simultaneously and individually: first, in restricts the supply
by withholding excessive development, secondly it increases demand by
advertising which creates a false conception of want and need within
phantom "life-styles" and "modes of living". Both act to limit supply
against demand which maintains the highest possible profit is squeezed
out of each product.
To say anything else is naive and stupid.
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Author: tgtg Date: Sep 7, 2008 04:08
On Sep 6, 10:11 pm, ta nc.rr.com> wrote:> On Sep 6, 3:21 pm, tg earthlink.net> wrote:
>
>
>>> On Sep 6, 2:54 am, "Sean" now.com.au> wrote:>
>>> "Publius" nospam.comcast.net> wrote in message>
>>>news:Xns9B10E6B261EC6mpubliusnospamcomcas@216.196.97.136...
>
>
>>>>>> "Capitalist" has two senses. It may refer to an adherent or advocate
>>>>>> of natural economics (a free market economy), or it may refer to a
>>>>>> person who provides financing for a productive endeavor or
>>>>>> enterprise.
>
>>>>>> A capitalist in the second sense provides the financing which allow ...
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Author: SeanSean Date: Sep 7, 2008 05:12
"Ed" earthlink.net> wrote in message
news:328ea182-29c6-45f2-824b-c91b9fb8b925@m3g2000hsc.googlegroups.com...
On Sep 6, 6:35 am, "Sean" now.com.au> wrote:> Halliburton Ex-Official
> Pleads Guilty in Bribe Case
> By RUSSELL GOLD
> September 4, 2008; Page A1
>
> In a wide-ranging foreign-corruption investigation, fired former
> Halliburton
> Co. executive Albert J. "Jack" Stanley pleaded guilty to orchestrating
> more
> than $180 million in bribes to senior Nigerian government officials. The
> bribes were used to win a contract to build a liquefied-natural-gas plant
> in
> Nigeria.
>
> Under a plea agreement entered Wednesday in a Houston federal court, Mr.
> Stanley faces seven years in prison and a $10.8 million restitution
> payment. ...
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Author: SeanSean Date: Sep 7, 2008 05:45
"Fred Weiss" papertig.com> wrote in message
news:bfb4cb6a-d50f-48be-adb7-6be4f23eff92@25g2000hsx.googlegroups.com...
On Sep 6, 10:41 am, Ed earthlink.net> wrote:
> ...What system that has actually been implemented do you advocate as
> superior?
Sean's clear preference is the regulatory welfare state...which
parasitizes on the wealth created by capitalism while at the same time
strangling it...and then runs in place as fast as it can shuffling
numbers back and forth from one column to the next and then back again
hoping to stave off the inevitable economic collapse as long as
possible.
That of course is exactly what is happening in the US right now in
response to the financial crisis, the latest effort being to bail out
their "Fannies" (which of course was a prime cause of the crisis in
the first place). Afterall, it's a prime directive that we have to
make cheap mortgages available to anyone who wants one. Right?
A graphic description of this process has already been written, over
50 years ago. It was "Atlas Shrugged".
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