Posted by: Dale Eastman
« on: October 21, 2017, 04:15:28 PM »Ms.X posted this to my timeline
I say Voltaire was correct when he stated: If you wish to converse with me, define your terms.
I say there are several terms that must be defined for productive dialog to happen.
I say the label Cappie is devoid of meaning.
I say the label Cappie is meant to pigeon hole a somewhat affiliated class of people without regard for their differences.
CT is in error when he claims regulations are not corporatism, that's simply a regulated market.
Zatso? How many cable providers can you choose from in your locality?
The invisible hand is that which guides people to Walmart instead of higher priced stores selling the exact same goods. The invisible hand is that which rewards the manufacturers who provide products more efficiently at a lower price. The invisible hand is why VHS became the video recording standard even though BetaMax was a higher quality format. Price and recording time being two factors.
Missing definitions:
What is capitalism?
What is a free market?
What is wealth?
What is money?
What is commodity money?
What is receipt money?
What is fiat money?
What is fractional money?
What is fractional reserve banking?
Quote
CT has a comment that I liked so much I am going to share it:
Corporatism is a form of State Capitalism. Most common in Fascism. Cappies claiming that western 'mixed economies' are remotely Corporatist are deluded. 'Durrrrr duh regulations mang,' that's not Corporatism... that's simply a regulated market. The majority of regulations are against actual monopolies/duopolies/oligopolies that came to exist naturally... because that's what 'muh free market Capitalism' leads to when left to run its natural course.
Cappies don't seem to grasp that the vast majority of wealth has been in the hands of a tiny fraction of the population for millennia - and even as that 'expands' it's barely by a fraction of that fraction. So of course wealth ends up becoming relatively centralised resulting in massive market dominance that would be even more horrid than it is if it weren't regulated.
If you want an economy where everybody actually has a chance to engage in a FREED market then you'll be a Mutualist/Left-wing Market Anarchist... because despite all your blind faith, 'muh invisible hand' isn't going to overpower the influence of billions/trillions of dollars in wealth/resources/capital.
Quote from: Ms.X
What do you say D?
I say Voltaire was correct when he stated: If you wish to converse with me, define your terms.
I say there are several terms that must be defined for productive dialog to happen.
I say the label Cappie is devoid of meaning.
I say the label Cappie is meant to pigeon hole a somewhat affiliated class of people without regard for their differences.
CT is in error when he claims regulations are not corporatism, that's simply a regulated market.
Quote from: Wikipedia
Regulatory capture is a form of government failure that occurs when a regulatory agency, created to act in the public interest, instead advances the commercial or political concerns of special interest groups that dominate the industry or sector it is charged with regulating.[1] When regulatory capture occurs, the interests of firms or political groups are prioritized over the interests of the public, leading to a net loss to society as a whole. Government agencies suffering regulatory capture are called "captured agencies".
Quote from: CATO Institute
The facts point in an entirely different direction:
• Enron was a tireless advocate of strict global energy regulations supported by environmentalists. Enron also used its influence in Washington to keep laissez-faire bureaucrats off the federal commissions that regulate the energy industry.
• Philip Morris has aggressively supported heightened federal regulation of tobacco and tobacco advertising. Meanwhile, the state governments that sued Big Tobacco are now working to protect those same large cigarette companies from competition and lawsuits.
• A recent tax increase in Virginia passed because of the tireless support of the state's business leaders, and big business has a long history of supporting tax hikes.
• General Motors provided critical support for new stricter clean air rules that boosted the company's bottom line.
[...]
The History of Big Business Is the History of Big Government
As the federal government has progressively become larger over the decades, every significant introduction of government regulation, taxation, and spending has been to the benefit of some big business.
Quote
The majority of regulations are against actual monopolies/duopolies/oligopolies that came to exist naturally
Zatso? How many cable providers can you choose from in your locality?
Quote from: 'Tampa Bay Online'
Cable companies may hold local monopolies, but local governments and public utility commissions dictate this lack of competition through sweetheart deals designed to line the pockets of the city at the consumer’s expense.
[…]
When government decides who can and can’t compete in a market, it’s free to set whatever fees it wishes for right-of-way use and institute whatever regulatory barriers it wants. This has naturally created a system of kickbacks, through which cable companies agree to pay absurd user fees in exchange for special treatment, with the government agency using its regulatory powers to prevent competitors from entering the market. Thus, consumers are generally left with the choice of one cable provider, which is free to charge whatever rates it chooses without fear of losing its market share to a low-cost competitor.
The invisible hand is that which guides people to Walmart instead of higher priced stores selling the exact same goods. The invisible hand is that which rewards the manufacturers who provide products more efficiently at a lower price. The invisible hand is why VHS became the video recording standard even though BetaMax was a higher quality format. Price and recording time being two factors.
Missing definitions:
What is capitalism?
What is a free market?
What is wealth?
What is money?
What is commodity money?
What is receipt money?
What is fiat money?
What is fractional money?
What is fractional reserve banking?