I have a BBA in Finance and studied economics under some pretty amazing professors. I was always an ardent supporter of capitalism, but over the years I have come to question its long-term sustainability, I believe that the flaw of capitalism is its foundation - profit. While this powerful incentiv…

“Why work hard when your father’s money is making money for you?” What does this have to do with the free market hurting you? Or desruction as you said in your title?

[image] generalhanky: Evilscepter: You didn’t really add much to the conversation with your “no’s”…but I will try to address your questions/concerns. To be fair you didn’t give me much to work with. You need to provide an argument before I can attempt to refute it, no offense. You did expand o…

Am I supposed to believe that government employees are magically exempt from the profit motive? On a more abstract level, it is important to remember that the pursuit of self-interest (what we really mean when we speak of “profit motive”) is present in all human action. This is a definitional matt…

Look OP, you are right, capitalism does have its problems. It does cause social injustice through wealth concentration. But we have regulations to battle with this. Progressive income taxation, high corporate taxes to ensure the big guy doesnt get more than his share, market oversight to ensure no e…

No one is stopping him from posting anything. No one even attacked him. All I did was say I couldn’t tell if it was a legitimate post. I didn’t even attack anything that was said there. All said was I couldn’t tell if it was a legitimate post. I’m sorry that he got overly defensive and came back an…

The problem with this whole line of thinking is that it leaves the concept of government as a territorial monopolist of law and security completely exogenous. It’s not even up for review or debate. What if the very nature of government is itself the problem? What if that is the source of most of ou…

Somehow I don’t think this is meant in the “yes, the world is not perfect, Earth will never be Nirvana” sense in which it resides. “Corporate taxes ensure ‘the big guy’ [who?] doesn’t get more than his share”? What is “his share”? Who decides that? oy vey. How many pages in that thread and we’r…

Of course it’s not an argument against using finite resources. We must use them intelligently though. We burn millions of barrels of oil every year, just in the USA, simply getting harvested food from the farms to your supermarket. I thought economy was supposed to mean efficient…this is the opposi…

On the subject of inheritance, I take Ayn Rand’s position: in a market economy, wealth tends to change hands to those who are most capable of wielding it, and so no matter how much you inherit, if you don’t use it wisely in the long run you will lose it. It might be useful to consult some data on th…

Capitalism = Destruction?

Economics Economics Questions

John_James November 30, 2011, 3:39pm 28

On another note, it looks like more people than just the OP could use this (in particular the how-to-quote section):

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Capitalism = Destruction?

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