Attn: Anti-capitalists, modern liberals

[Mike Thomas #828]

Please take the time to watch this video objectively. Thank you.

 

http://www.breitbart.tv/debunking-marxis...apitalism/

 

If your first reaction is to scoff that this video is liked through breitbart...you're not being objective...

 

 

[Mike Thomas #828]

*linked

 

[ccm911]

Come on, as a "modern liberal, Anti-Capitalist", why would I view the video if I have already been attacked in your thread title?

[Larry Herman]

That argument from David Harvey is silly.  No one who is thinking clearly on the subject (either liberal or conservative) is advocating the abolishment of Capitalism.  It is the best system around.  It's just that it need proper regulation, or like a fire gone wild, may burn with unintended consequences.

Blame who you will, but the reason for our current dilemma is the relaxing of regulations and the removal of consequences in the banking industry (for corporations and individuals).  And if you don't agree with regulation, well then lets just bring back the Ponzi scheme.  It is pure capitalism, right?

[Mike Thomas #828]

To Chris...how typical of a liberal to refuse to gain objective knowledge.

 

To Larry...free market capitalism (pure as you put it) is not a ponzi scheme. That is just simply false. There is nothing fraudulent about capitalism. This short book is wonderfully written and will absolutely convince you of that fact...

 

freedom-school.com[/b]/money/how-an-economy-grows.pdf

 

[Larry Herman]

Mike, you mis-read what I wrote.  In an unregulated capitalistic environment, a Ponzi scheme would be allowable.  Pure Capitalism, unregulated, just allows the wolves to feed faster on the sheep.

Of course, I wouldn't mind being one of the wolves.

[Mike Thomas #828]

Underlying free market capitalism is the rule of law which must be morally upheld....

[Phokaioglaukos]

The first man who, having enclosed a piece of ground, bethought himself of saying This is mine, and found people simple enough to believe him, was the real founder of civil society. From how many crimes, wars, and murders, from how many horrors and misfortunes might not any one have saved mankind, by pulling up the stakes, or filling up the ditch, and crying to his fellows: Beware of listening to this imposter; you are undone if you once forget that the fruits of the earth belong to us all, and the earth itself to nobody. Jean-Jacques Rousseau: Discourse on Inequality

[JoeP]

Chris illustrates the true greatness of this Club.  Some members quote Rousseau while the rest of us struggle with not using "ain't" or dropping an F Bomb.

[Mike Thomas #828]

yeah..that's a great idea.....let's abolish private property...let's take away the fruits of people's intellectual and physical labor...you'll have us all in the rice fields.

 

The right to life is the source of all rights--and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product, is a slave.

Bear in mind that the right to property is a right to action, like all the others: it is not the right to an object, but to the action and the consequences of producing or earning that object. It is not a guarantee that a man will earn any property, but only a guarantee that he will own it if he earns it. It is the right to gain, to keep, to use and to dispose of material values.    --Rand