View Poll Results: Is Capitalism require government to exist and function?

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Thread: Is Capitalism require government to exist and function?

  1. #1
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    Is Capitalism require government to exist and function?

    Does Capitalism require government to exist and function?

    Please ignore my grammar in the thread title.
    Last edited by tacomancer; 04-23-10 at 07:22 PM.

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    Re: Is Capitalism require government to exist and function?

    Yes it does, capitalism is not total freedom of the markets, nor total freedom from regulation and other gov't activities. Without a government there's no printed currency, no quality control(ie people don't trust each other's products), no one to keep total anarchy out, without a gov't its total lawlessness.

    Capitalism is about a loose framework around the economy, but a framework nonetheless, which is build by laws created by governments.

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    Re: Is Capitalism require government to exist and function?

    How many capitalist anarchist societies have ever existed? Strangely, Somalia's complete lack of government hasn't done much for local economy. Capitalism requires the state to provide the foundation about which commerce relies to operate. At the bare minimum you need the state to protect against bandits, prevent fraud, and enforce contracts. If you want actual wealth and a successful economy, you need a lot more than that.

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    Re: Is Capitalism require government to exist and function?

    I don't think I adequately asked the question that I have posed in my head since I am having trouble finding the proper words. So I think we should let this thread die.

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    Re: Is Capitalism require government to exist and function?

    Quote Originally Posted by megaprogman View Post
    Does Capitalism require government to exist and function?

    Please ignore my grammar in the thread title.
    Absolutly, some of the most important parts of economic growth is.
    1. Property rights. Pretty much every single poor country in the world has a bad history protectng property right. Even some of them (zimbabwe) the government has taken property from white people and given it to black people. This scares off people who want to invest in the country.
    2. Protection - Keeping the country safe is important. Inteligent people don't want to live in a country where they risk getting raped or killed every single day. Also, the government needs to make sure that corruption is not common.
    3. It also helps a lot if the government makes a clear system that business can work in.

    Without these three above, you won't get economic growth. Hence, you need a government.

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    Re: Is Capitalism require government to exist and function?

    Capitalism needs the state in order to function. It needs the state to enforce contracts protect property, enact and enforce intellectual property rights etc. The very core of capitalism is private property rights and these only exists as long as there is a legal system to protect them.

    Capitalism is a government programme.
    The poor complain; they always do
    But that’s just idle chatter
    Our system brings reward to all
    At least all those who matter.

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    Re: Is Capitalism require government to exist and function?

    If by "is" you mean "does", then yes. Private property ownership can only be assured by a government of law. This is the basic assumption of libertarianism and why anarchism is not libertarianism.

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    Re: Is Capitalism require government to exist and function?

    Quote Originally Posted by megaprogman View Post
    Does Capitalism require government to exist and function?

    Please ignore my grammar in the thread title.
    Technically no, capitalism does not require government to function and exist. However, for capitalism to survive and not following the path to anarchy and then something resembling very un-free, it needs government regulation.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Is Capitalism require government to exist and function?

    Quote Originally Posted by megaprogman View Post
    Does Capitalism require government to exist and function?

    Please ignore my grammar in the thread title.
    Not at all, it has existed prior to formalized governments.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Is Capitalism require government to exist and function?

    Quote Originally Posted by Wiseone View Post
    Yes it does, capitalism is not total freedom of the markets, nor total freedom from regulation and other gov't activities. Without a government there's no printed currency, no quality control(ie people don't trust each other's products), no one to keep total anarchy out, without a gov't its total lawlessness.
    Read Rothbard, anarcho-capitalism anyone? As per your example the printed currency of the Fed (which in actuality is partly privatized to begin with) we could go back to the days when private individual banks printed their own currency, as paper money used to just be a receipt for gold which could be turned in at a later time in exchange for the gold deposited into the bank at a later time.


    "Given this dismal monetary and banking situation, given a 39:1 pyramiding of checkable deposits and currency on top of gold, given a Fed unchecked and out of control, given a world of fiat moneys, how can we possibly return to a sound noninflationary market money? The objectives, after the discussion in this work, should be clear: (a) to return to a gold standard, a commodity standard unhampered by government intervention; (b) to abolish the Federal Reserve System and return to a system of free and competitive banking; (c) to separate the government from money; and (d) either to enforce 100 percent reserve banking on the commercial banks, or at least to arrive at a system where any bank, at the slightest hint of nonpayment of its demand liabilities, is forced quickly into bankruptcy and liquidation. While the outlawing of fractional reserve as fraud would be preferable if it could be enforced, the problems of enforcement, especially where banks can continually innovate in forms of credit, make free banking an attractive alternative." -- Rothbard

    http://en.wikipedia.org/wiki/Murray_...e_market_money
    Rothbard believed that the monopoly which government has over the issuance and distribution of money was actually a bad thing and that it would be economically beneficial to return to a [ame="http://en.wikipedia.org/wiki/Free_banking"]free banking system[/ame].
    Last edited by Agent Ferris; 04-24-10 at 10:25 AM.

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