I'm distressed that pollution and abuse of workers' rights is somehow seen as being "capitalistic." Capitalism, or market-based economies, in fact are all about upholding private contractual agreements and protecting private property rights. That includes paying people for their labor. It's also all about avoiding externalities, which means not allowing damaging pollution (e.g. by creating property rights where a rightsholder can sue). Institutions, too, are part of market-based economic analysis (more so as of late, to be fair) and turn out to often provide very efficient mechanisms, hence why labor safety boards and tradeable pollution permits are superior to having hundreds of thousands of lawsuits brought against every other market participant. (Also because property rights are efficient only when there are zero transaction costs, whereas litigation is just about the opposite of "costlessly and immediately resolved.")
China Is Now the World's Largest Economy
- Thread starter Shonuff
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kegkilla
The Big Mod
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i remember when we had this attitude in America towards a particular group of people who did most of our manual labor at little to no expense. are you suggest we bring back this ideology to America? i think this might be the first time we've agreed on something.
Shonuff
Mr. Poopybutthole
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I use the term because it's been used before. "Naked capitalism" and China are synonymous, especially when it comes to externalities, as you mentioned. I'm as laissez faire as the next guy, but you can't just dump waste in people's drinking water to save a buck, and they've done stuff like this since switching to Capitalism.
No, they really aren't. If someone used that term before, that someone was as ignorant of it's meaning as you are.
Shonuff
Mr. Poopybutthole
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You moron.
Yes, I'm imagining the WSJ did a series of studies on it, and also that the WSJ got a Pulitzer for it.
"China's Naked Capitalism: Raucous Industrial Revolution Echoes Era of America's Robber Barons a Century Ago"
The Pulitzer Prizes | Citation
Big Phoenix
Pronouns: zie/zhem/zer
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Yeah the whole argument is retarded for many reasons. Least of which China has pumped trillions into their economy via their own version of works projects. Calling that naked capitalism is foolish. Amazing what can be done with investment at home instead of using the money to kill brown people.
Yet I'm sure if there was a push for such spending here he and people like tad, bnizzle, merlin would rank and file oppose it because democrats.
Regardless, simple population difference will tell you that the days of the usa driving ridiculous amounts of demand for world resources is over. China and India will be the next leaders in that regard as those billions of people not only continue to have children faster but their populations are also modernizing at a rapid pace.
So no surprise that we are losing our symbolic spot of largest economy.
Yet I'm sure if there was a push for such spending here he and people like tad, bnizzle, merlin would rank and file oppose it because democrats.
Regardless, simple population difference will tell you that the days of the usa driving ridiculous amounts of demand for world resources is over. China and India will be the next leaders in that regard as those billions of people not only continue to have children faster but their populations are also modernizing at a rapid pace.
So no surprise that we are losing our symbolic spot of largest economy.
Borzak
Bronze Baron of the Realm
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The American consumer decided they would rather have tons of cheap imported shit that didn't amount to anything long term rather than a smaller quantity of stuff that actually lasted and was worth something. Thus the China boom was set in stone in a way.
Fair enough. Even though the term "naked capitalism" is a term coined about the group of articles and not present in the articles themselves. It's my bad though, for some reason I thought "naked capitalism" was an actual term describing a pure capitalistic economy and not some buzzword meaning whatever an author wants it to mean. Your argument that we are the socialist society vs China remains stupid.
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You realize that's not how capitalism works right? Capitalism is about fair prices, non-coerced labor, and free markets.
What seems to fly over people's heads is that there were systems based around money for thousands of years before capitalism came around. Not every system that holds profit as paramount qualifies as capitalism.
Khane
Got something right about marriage
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Lenas
Trump's Staff
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If you're not trolling, congrats, you are certified retard.
Capitalism
/'kap?dl?iz?m/
an economic and political system in which a country's trade and industry arecontrolled by private owners for profit.
Shonuff
Mr. Poopybutthole
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I'll point out again, it's not a term I made up, it's a term used enough that the WSJ won a Pulitzer on.
Pasteton
Blackwing Lair Raider
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I feel like you're confusing corruption for capitalism. Though I am sure the two go hand in hand and feed off each other in china.
Thoughts on James Rickards and his certainty we are coming to a global collapse in the next two years, and China's credit collapse will be the trigger?
Sounds apocalyptic, but the photos of massive cities freshly built in China and completely empty , skyscrapers and all, just can't be a sign of good things to come
Thoughts on James Rickards and his certainty we are coming to a global collapse in the next two years, and China's credit collapse will be the trigger?
Sounds apocalyptic, but the photos of massive cities freshly built in China and completely empty , skyscrapers and all, just can't be a sign of good things to come
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