The United States is NOT a capitalist system!

Now that makes more sense when it's explained that way.

 

You sir are correct! Two of our most prosperous economic periods were under Eisenhower and Kennedy, who had rates as high as 92% and 65% (which was actually a cut) on the wealthiest Americans respectively. Although we also had a different society, since big business wasn't in bed with higher education as much as it is now and businesses seemed to accept that things like outsourcing jobs and moving potential tax revenue overseas are highly unpatriotic in principle. Now that business controls government, they don't have to worry about principle. Putting rates on the richest Americans up to 40%, reducing the mortgage deduction, increasing capital gains rates (how the RICHEST of the RICHEST pay diddly bucket, aside from moving revenues OS), reforming our student loan system and a VAT of 8% would be a terrific start to going back to that particular place.

We gotta remember that once FDR entered office, we didn't have a single recession (sure, we had some down times every now and again but nothing anywhere the magnitude of the great depression) for nearly 4 decades. Neo-cons which pretty much run the GOP now will probably find a way to change history though, like saying the founding fathers weren't strong advocates of separation of church and state (when the American Revolution was just as much a rebellion against organized religion gone mad as tyranny itself, and pretty much every single framer has made statements specifying why religious matters cannot intermingle with policy.)

 

It's a capitalistic system for those that have money.... oh wait... isn't that capitalism?

 

We have a mixed economy. The same is true for all of the most properous economies in the world.

 

the principles of communism are in the communist manifesto. hence the name. communism is only one form of socialism and i doubt the majority of american socialists support it

 

Technically you are correct, that a small minority of elitists control most of the capital in this country (and world), which makes them capitalists. However, they didn't use the free market to aquire their capital. They used the tools of socialism: the banking system and big government to acquire their capital.

 

I understand Fascism and Coporatism, as the US is technically corporatist. But really, they are just alternate forms of central economic planning (socialism). The point is that the Communist Manifesto is a blueprint for where we are, why we are where we are, and most important of all: where we are going.

 

This statement is just wrong. They do not believe in the free market. They will use any amount of government they can to subvert the free market in order to sustain the continuous transfer of wealth to themselves. That is socialism.

They're not the only people who don't like the Fed.

 

The principles of both socialism and Communism are outlined in the manifesto. You may be right that most socialists do not support communism, but they have to understand that the system that they support is just idealized fiction. It was never intended to work by the people who created it or put it into practice. Not only does that include famous socialist dictators, but it also includes Engels and Marx. Communism and socialism were just fantasies, and the Communist Manifesto is just a guide for the elite to use in order to sustain their power as "capitalists" - by overriding the free market. That's all it was ever intended to be. None of the theories of socialism and communism were ever intended to work.

 

Your argument is absurd. I am tired to discuss it. But yet that you're defending free market, here you have a good example of free market:
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1416947

And then do you dare to tell me that USA isn't capitalist?

What is described in the paper is impossible in a Socialist country, so USA isn't socialist neither communist.

And you're continuing ignoring the reality behind Communism, as you ignore the history of it, like The First International, Bakunin, Kropotkin...

 

No they don't. Nice conspiracy... take off the tin foil hat!

Eh, yea they are

 

That is incorrect. Mortgage forclosures were the result of the contraction of the Federal Reserve's housing bubble. The central bank is not capitalist. A true free market would allow the market to control the money, not a bank. The true free market would allow the market to set interest rats, not a central bank. A central bank is the Fifth Planck of the Communist Manifesto, because it is the ultimate method of central economic planning. It is a tool of socialism.

How do you not see this? Are you really that blinded by your religion of socialism?

Yes, I do DARE to say that. You haven't actually acknowledged anything in my OP either. Pretending that those facts don't exist doesn't make them go away, no matter how much you want them to.

Wrong. Mortgage foreclosures are happening in socialist countries all throughout Europe. Socialism is impossible and unsustainable because it is always funded by debt. Bankruptcy is inevitable, because it's a fantasy. Creating money out of debt is not the solution.

The USA is not communist.
The USA is not communist.
The USA is not communist.
The USA is not communist.
The USA is not communist.
The USA is not communist.

How many times do I have to repeat myself?

 

It's not a conspiracy, that's how the system works. If a bank can create money out of thin air, loan it, and collect interest on it, that means they are gaining purchasing power from doing nothing. They are not laboring, they are not producing anything. They are just gaining purchasing power from nothing. In contrast, that new flow of freshly created money cause prices in the economy to rise, and so the cost of living for taxpayers goes up. Taxpayers lose purchasing power because of rising costs. The banking system gains purchasing power where the taxpayers lose it. It's a transfer of wealth.

Calling me a tin foil hat guy doesn't change the facts that have been presented to you.

Well, can you blame the poor for not liking the Fed? They're the ones who get hit the hardest by the rise in the cost of living. The banking system's inflation is like a regressive tax. The wealthy pay the least while the poor pay the most. What a corrupt, immoral system you endorse!

There are alot of people who have money that don't like the Fed. Probably because the people who do have money that like the Fed are the ones that are directly benefitting from it's policies.

 

You think people should be able to borrow money for free? And you can't just open up a bank with no money and start lending. There are very strict regulations as to reserve requirements and how they lend.

Those aren't facts

The Fed really does not play the role you think it does.

 

You still don't get it. I don't have any problem with banks, lending agencies, my neighbor down the street, or any private entity charging interest on a loan. I have a problem when loans are made with money that is created out of thin air.

Never said you could.

Not relevent to anything I said.

Your say-so is not good enough. Try again.

Yes it does.

 

We had fractional reserve banking before the Fed.

 

What does too "harsh for most people in a modern society mean"?

 

What's your point?

 

You said you have a problem with loans created out of thin air. We have been doing that for centuries.

 

You are correct, Dr. Righteous.

This discussion expands very well on what you have just said.

"In a capitalist economy, incentives are of the utmost importance. Market prices, the profit-and-loss system of accounting, and private property rights provide an efficient, interrelated system of incentives to guide and direct economic behavior. Capitalism is based on the theory that incentives matter!

Under socialism, incentives either play a minimal role or are ignored totally. A centrally planned economy without market prices or profits, where property is owned by the state, is a system without an effective incentive mechanism to direct economic activity. By failing to emphasize incentives, socialism is a theory inconsistent with human nature and is therefore doomed to fail. Socialism is based on the theory that incentives don’t matter!

In a radio debate several months ago with a Marxist professor from the University of Minnesota, I pointed out the obvious failures of socialism around the world in Cuba, Eastern Europe, and China. At the time of our debate, Haitian refugees were risking their lives trying to get to Florida in homemade boats. Why was it, I asked him, that people were fleeing Haiti and traveling almost 500 miles by ocean to get to the "evil capitalist empire" when they were only 50 miles from the "workers’ paradise" of Cuba?

The Marxist admitted that many "socialist" countries around the world were failing. However, according to him, the reason for failure is not that socialism is deficient, but that the socialist economies are not practicing "pure" socialism. The perfect version of socialism would work; it is just the imperfect socialism that doesn’t work. Marxists like to compare a theoretically perfect version of socialism with practical, imperfect capitalism which allows them to claim that socialism is superior to capitalism.

If perfection really were an available option, the choice of economic and political systems would be irrelevant. In a world with perfect beings and infinite abundance, any economic or political system–socialism, capitalism, fascism, or communism–would work perfectly".

http://www.thefreemanonline.org/feat...ialism-failed/

 

What's your point?

 

This is funny! That was your intention, yes?

 

Unsurprising that akphidelt ran away and hid after I destroyed his worldview

 

USA is capitalist country. Period.

 

Disproven by the OP