I was having one of many in-class debates with my Keynesian economics professor the other day. I was responding to his claims of “market failure” in the financial crisis by pointing out that having the Fed as the lender of last resort creates the moral hazard that leads to the problems that he blame…

Impudent fool! Capitalism can surly create the perfect banana! Capitalism in the form of free markets is overall the most perfect system possible because it allows freedom of competition, freedom of IDEAS, and freedom of action as well as a motivating factor for all of these things. By its very na…

Guise, I said “perfect banana”, not “a perfect banana”. Perfect banana is a state of being. PS Banana is also a synonym for economic depressions.

That banana isn’t long enough to be considered perfect

Precisely. Capitalism can be an obfuscatory word. Capitalism is really two ideas, property rights (beginning with self-ownership) + original appropriation (entailing unrestricted exchange). Capitalism considered descriptively - economics - merely describes how the market works. Good economics treat…

Perfect what? Perfect banana? No, capitalism is not perfect banana. Haha thats so funny

Don’t argue with your proffs you need marks and recommendations…just the way it is!

No capitalism is not perfect, because human action is based on uncertainty about the future. However, government intervention is also imperfect and you can not compare a real life results of capitalism with the perfect ideal of government intervention. First, under capitalism men are always adapting…

I could have sworn the entire point behind the market as process is that capital allocation is always imperfect at any given time, based off incomplete information and imperfect perception of circumstances. The idea isn’t that free market capitalism is perfect but rather that it’s the form of econom…

Perfect competition does exist in the world… when there is no government interference.

Is Capitalism Perfect?

Miscellaneous Newbies

filc August 11, 2010, 12:42am 39

@Rob

See

https://forum.freecapitalists.org/t/capitalism-is-fundamentally-flawed-logically-discussion-with-rob-huesdens/14778

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Is Capitalism Perfect?

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