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Where is capitalism going to lead us?

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Don Rizzle:

--- Quote from: Buhda on October 16, 2006, 01:54:44 AM ---Capatalisim leads to companies buying out their competition or just plain wiping them out, eventually one company will previel above all the others and own everything, when this happens Capatalisim become's the very thing that most people think of as it's total oppisite, Commusnisim (well not true Marxist Communisim but the type of Commusnisim that we have seen and think off), one group of people owning everything but instead of being the Government it will be a Corporation, and because they will own all services they will control the world in a way no Government ever could.

--- End quote ---
capitalism can lead to this kind of positiion, which is why many countries have competition commissions to ensure fair competition, infact the EU has some of the strictest anti monopoly laws in the world.

however when u get a company like walmart having monopolistic power, u have to ask yourself how it got there - its ability bring in new efficiencies and innovate and thus bring down the cost of your shopping and as a general rule the bigger a company like this gets the cheaper things are for the consumer- however competition also stimulates efficiencies - thus depending on the market monopoly or oligopolies (not cartels!) with the right level of regulation tend to be the ideal situation because of economies of scale - although this is not always the case in reality because some people like to differentenciate themselves.

M Dogg™:

--- Quote from: Don Rizzle on October 15, 2006, 05:40:56 AM ---despite what you see in the news capitilism has helped bring countries closer together - to the point there is now less military fueding between countries and more diplomacy. It also helped the world economic growth reach record levels. however that doesn't mean there are not losers in this too, that is the very nature of capitilism - the ownus is on one's self to suceed and those who don't find a market for themselves will fail. As old aliegencies have been lost with the demise of empire, africa for example has become a poorer continent, in their efforts to restore their dignity by taking control of their countries they have allowed laziness, incompetence and curruption to flurish within their governements. the process was too quick - people were now in power who had never been in power before and they didn't know how to use it properly, so whether it was intentional or unintentional they mismanaged things. Now also there have been drawbacks in the west because the benifit of globalisation is the ability to import cheaper product and services, but will have a negative affect on the domestic producers of such products so they may cease trading if they can't find a market for themselves and everyone who works for them will lose their jobs and those companies who supplied them will lose business because their customer no longer exists and so on...

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I have no beef with capitalism. My beef is those that explote it, and create war for their own gain at the cost of millions.

Don Jacob:
well i can tell you one thing, the middle class will vanish

Noname:
Why do you have to have 3 cars while you can only drive one at a time?

Don Rizzle:

--- Quote from: Don Jacob on October 18, 2006, 12:41:51 AM ---well i can tell you one thing, the middle class will vanish

--- End quote ---
wrong. capitilism, especially over the last 40 years, has let millions of working class families living on the poverty line move into the middle classes - the primary reason has for this has been better access to education for all and anti descrimination employment laws - free labour market, this stimulates growth and as country grows so does the living standards of the residents of the country.

The best example of captilism is Hong Kong (a British creation  ;)) before we got there it was just a rock, it has no natural resources or anything like that but we turned it into a hugely successful economy, based on free markets minimal regislation. Why do you think China, a communist state, has left it pretty much untouched since we gave back in '97....

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