xpanda wrote:
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Phaedrus: I'd argue on point with you but I'm not economically wound up this a.m.
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If you say so. Given that Hayek and Mises shredded Socialism to pieces decades ago, and the world still insisted on giving it a try, and every wide-scale Socialist and communist endeavour since then has either collapsed or bastardised itself into a mixed-market scenario, only the truly weak-minded and weak-moraled would still advocate it today. That is axiomatic, regardless of whether or not I am a capitalist. It's just plain stupid of anyone -- anyone, regardless of background or intent or pedigree -- to buy into the ludicrous premises of Socialism.
The only arguments against capitalism, such as are thrown up weakly and ad nauseum by eek, are not examples of capitalism at all, but of corporatism (closet Fascism as practiced by the UK and US and most other governments in the modern world, but really excelled at by the white people nations.)
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I'd like to know where you get this 11% figure from, tho.
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An approximation based on Canada's budget figures for 2000/01. $ 178.6 billion in revenue, $ 161.4 billion in expenditures. Now that I've put a calculator to it, it's only 10.65%, not 11%
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Oh, and one other thing -- capitalism is as much an experiment at the moment as socialism is failing ... don't be too hasty in giving it props.
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I don't follow you. Capitalism is not a system some dope made up and attempted to impose on the world; on the contrary it is the way that substantially everything in the universe works from the lemonade stand on the corner to evolution to the way stars generate energy. So it managed to finally get codified and granted an -ism ... big whoop.
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It would appear, if global public reaction is any indication, that things aren't going so well in that department, either.
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If by this you mean that public opinion is against capitalism, I don't know how anyone could expect anything else -- nearly total rejection by the human race of an axiom which basically states that if you don't pull your own weight and then some, you and everyone who depends on you is fücked and no one cares, versus "from each according to his ability -- to each according to his needs." As far as popularity contests go, that's a pretty one-sided deal. However, since capitalism is a natural law and not dependent upon popular vote any more than gravity is, I believe that in the long run it will all work out for the best, even if the best is not what 99% of the human race *wants*.
Phaedrus