steve_bank
Diabetic retinopathy and poor eyesight. Typos ...
Like most political terms the meaning of capitalism changes and needs context.
There are positives and negatives to free market capitalism. On the plus side all the technology from refrigerators to computes evolved through a competitive process. IBM is still here. Digital Equipment Corp, Daisy, Mentor Graphics, Commodore are not.
On the minus side those with capital have no obligation to do something directly beneficial for the population. People want the NFL so billion dollar stadiums are built while we have housing and hospital problems.
To some capitalism is the oppressive corporation with a foot on the neck of the people. To others free market capitalism means staring a small business.
The Apples and Mircosofts of the world are only part of it.
Dell was started by a kid making motherbords.
Laisseez-Faire Capitalism. Our republican conservatives are LFC
I believe Adam Smith wrote ideal capitalism is based on an equal opportunity to compete for resources, but of course that never happens completly.
What Marx saw as capitalism in his day is not what we see as free market capitalism today.
In the days of Marx where owners of means of production were a ruling class and wielded direct power of employees.
In more modern times Apple was started in a garage by two guys. Same with HP, Hewlett and Packard started out making electronic instruments in a garage,
Today anyone cam start a business, it is not limited to an aristocratic class. Big difference.
Marx was correct in his analysis of his times, but his framework no longer applies. There are die hard Marxists who hang onto the old terms and categories.
China is still the Chinese Communist Party but in name only They have almost totally gone over to a form free market capitalism and individual entrepreneurship.
What do yiu think? Evil empire or or what?
There are positives and negatives to free market capitalism. On the plus side all the technology from refrigerators to computes evolved through a competitive process. IBM is still here. Digital Equipment Corp, Daisy, Mentor Graphics, Commodore are not.
On the minus side those with capital have no obligation to do something directly beneficial for the population. People want the NFL so billion dollar stadiums are built while we have housing and hospital problems.
To some capitalism is the oppressive corporation with a foot on the neck of the people. To others free market capitalism means staring a small business.
The Apples and Mircosofts of the world are only part of it.
Dell was started by a kid making motherbords.
Laisseez-Faire Capitalism. Our republican conservatives are LFC
I believe Adam Smith wrote ideal capitalism is based on an equal opportunity to compete for resources, but of course that never happens completly.
What Marx saw as capitalism in his day is not what we see as free market capitalism today.
In the days of Marx where owners of means of production were a ruling class and wielded direct power of employees.
In more modern times Apple was started in a garage by two guys. Same with HP, Hewlett and Packard started out making electronic instruments in a garage,
Today anyone cam start a business, it is not limited to an aristocratic class. Big difference.
Marx was correct in his analysis of his times, but his framework no longer applies. There are die hard Marxists who hang onto the old terms and categories.
China is still the Chinese Communist Party but in name only They have almost totally gone over to a form free market capitalism and individual entrepreneurship.
What do yiu think? Evil empire or or what?
