Why shouldn't capitalism be better regulated?

Checkerboard Strangler said:

I recommend that you find a totalitarian one party nation to live in where conflicting political values are outlawed.

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I am all for democracy and conflicting parties but they should be 2 intelligent parties like conservative and libertarian so we have a real democracy, an intelligent democracy. With liberals in the mix we have one stupid party and one intelligent party. Our Founders did not imagine that as a democracy. Now do you understand?

Checkerboard Strangler said:

not run around pronouncing the opposition wholly illegitimate and undeserving of participation at any level.
.

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its easy enough to prove liberalism is based in pure ignorance. Just ask a liberal to say something intelligent in defense of liberalism. They scatter like cockroaches when the lights go on. I'll hold my breath!

iguanaman said:

LOL Wages have not kept up with productivity for 40 years.

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of course not liberal taxes and regulations sent all the jobs to China. Wages are sky rocketing in China! Ever wonder why? You have learned this 43 times .Shall we go for 44?

iguanaman said:

All corporations benefit from low wages

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econ 101: low wages mean low prices and no change in profit based on the low wages !! you have been taught this 54 times. Shall we go for 55? Profits are up for other reasons like inflation , productivity, and newly opened international markets. Do you get it? China makes more profits now that it sells to USA and entire world. 1+1=2

iguanaman said:

Reagan told them they were Gods

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obviously they are God-like given that they sustain our lives with the jobs and products we need for survival. Ask yourself why a liberal cant grasp what a child can grasp. Shameless and sad.

iguanaman said:

and [Reagan] cut their taxes in half.

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rich pay 42% of all taxes collected today and only 21% under Reagan and yet the liberals still hate the rich who in reality are our saviors. Did you ever invent anything useful like Brin Jobs Gates Musk Bezos; yet you dare be critical of your Gods???Liberals will meet their maker one day and pay for what they are doing.

iguanaman said:

Grotesque income inequality was a major cause of the Great Depression. Workers were so broke they could not buy enough to keep the economy afloat.

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totally idiotic of course. You could have doubled their wages and the exact amount it cost corporations would have been built into price increases for no possible net advantage. Passing wage laws did not get us from stone age to here, the supply of new inventions did. There is no free lunch. A child knows this.

iguanaman said:

Taxing exorbitant incomes at confiscatory rates makes it unprofitable to be greedy and encourages business to share their increased profits with workers instead of socking it all away like they do today.

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why share it with workers?? they get nothing from that. They could but it into R&D to make more profits to compensate for the higher taxes. A libcommie always imagines magical govt can produce free lunches. if it could it would have long ago and we'd all be rich. when they tried in USSR and Red China 120 million starved. When FDR tried he extended the Depression for 16 years into a world war that killed 60 million!!

James972 said:

I am all for democracy and conflicting parties but they should be 2 intelligent parties like conservative and libertarian so we have a real democracy, an intelligent democracy. With liberals in the mix we have one stupid party and one intelligent party. Our Founders did not imagine that as a democracy. Now do you understand?

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I am truly amazed that you haven't been banned.

James972 said:

why share it with workers?? they get nothing from that. They could but it into R&D to make more profits to compensate for the higher taxes. A libcommie always imagines magical govt can produce free lunches. if it could it would have long ago and we'd all be rich. when they tried in USSR and Red China 120 million starved. When FDR tried he extended the Depression for 16 years into a world war that killed 60 million!!

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No one wants free lunches but sharing profits is good for all. There are other tax deductible ways to use profits like R&D and those also benefit all so there is no problem with that.

James972 said:

totally idiotic of course. You could have doubled their wages and the exact amount it cost corporations would have been built into price increases for no possible net advantage. Passing wage laws did not get us from stone age to here, the supply of new inventions did. There is no free lunch. A child knows this.

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You do have a child-like quality about your posts. Your concept of economics is right out of Kindergarten. A radio cost over a months salary and was the most repossessed commodity of the Depression. When Henry Ford promised workers $5 a day he was called a communist and had workers lined up for miles to get that wage. Most only made $2 to 3 a day and they worked 6 days a week.

James972 said:

rich pay 42% of all taxes collected today and only 21% under Reagan and yet the liberals still hate the rich who in reality are our saviors. Did you ever invent anything useful like Brin Jobs Gates Musk Bezos; yet you dare be critical of your Gods???Liberals will meet their maker one day and pay for what they are doing.

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The wealthy are not Gods and without their workers they would have nothing.

James972 said:

obviously they are God-like given that they sustain our lives with the jobs and products we need for survival. Ask yourself why a liberal cant grasp what a child can grasp. Shameless and sad.

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Sigh..............

wellwisher said:

The least educated have the least liberal indoctrination. The Progressives run education in the USA from elementary through college. They censor conservative voices, since it is harder to instill left wing propaganda, if there are rational people in the room.

The Progressives run college education. This Progressive dominated college education system, results in most students ending up with a lots of student debt. Based on simple inference, the student debt problem is being caused by the Democrats, since they run the entire educational show. Yet these educated students, cannot infer this simple connection.

Education does not mean you will learn common sense pr simple inference skills. Now the left is teaching students with debt, it is OK to steal money from others, using the power of government, to make up for your lack of common sense and poor judgement. Wouldn't boycotting leftist based education be smarter? If big oil left you with a huge fuel debt, wouldn't you be upset? Would you blame the unrelated fast food industry, or the source of the problem. Being smart, instead of educated, allows one to trace the source of the problem.

The lack of left wing indoctrination, by Trump voters, allows more common sense to come to the surface. I know a young Trump voter who did not go to college, but took up a trade after high school. He has no student debt, he owns his own home and his own business, which has created jobs for others.

He is being smarter, in terms of the bigger picture, than someone with a lot of student debt, with no opportunities in their field of interest, unless they acquire even more debt to get a phD. Life is about being happy and not being under stress, due to a huge left wing debt, that is held over your head, so you can be controlled to be engaged in stealing.

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Well.. this post is a steaming pile of excrement.

So sad.. really.

Reminds me of all the communist movements that persecuted and vilified intellectuals and educated people. First step in taking over the populace. Disparage knowledge and learning.

James972 said:

rich pay 42% of all taxes collected today and only 21% under Reagan and yet the liberals still hate the rich who in reality are our saviors. Did you ever invent anything useful like Brin Jobs Gates Musk Bezos; yet you dare be critical of your Gods???Liberals will meet their maker one day and pay for what they are doing.

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:screwy

iguanaman said:

The wealthy are not Gods and without their workers they would have nothing.

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The wealthy invented stuff that got us from Stone Age to here. Without them we'd all be dead! They are the next best things to Gods. I'll pray that a want to be wealthy person is working on a cure for the cancer or heart disease that will one day kill you! Liberals will pay for their shameless and pure ignorance.

Checkerboard Strangler said:

We have FIRE regulations for a reason, yes?
Fire can be a useful tool, because it can warm your home, forge your steel and iron, cook your food, etc.
It can also burn down entire towns if left unchecked.

Capitalism is a lot like FIRE. Left unregulated and unchecked, it can become predatory and very damaging, and it can unearth some pretty awful unintended consequences. And yet when properly harnessed, capitalism can lift entire generations out of poverty, stimulate innovation and launch entirely new industries. Capitalism has demonstrated the capability to serve as a useful and rewarding tool to serve the middle class if it operates under the right kind of regulation.

So this thread is an effort to explore suggestions and ideas on how to properly regulate capitalism to do just that.

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Well, one of the main problems with regulation is that so many times the people who have major connections to an industry in question are then called upon to regulate it and go against their recent employers, which ain't gonna happen.

Mr. Invisible said:

Well, one of the main problems with regulation is that so many times the people who have major connections to an industry in question are then called upon to regulate it and go against their recent employers, which ain't gonna happen.

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Hitler Stalin Mao Pol Pot Castro FDR tried to step up regulation and they failed and killed 10's of millions. 330 million people know how to regulate far better through the free market than a few bureaucrats in Washington. Make sense?

Checkerboard Strangler said:

.

Capitalism is a lot like FIRE. Left unregulated and unchecked, it can become predatory and very damaging,.

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Obviously wrong. Socialism (heavy regulation) becomes predatory and kills 10's of millions. Capitalism left unregulated is self-correcting
by compassion. Notice how the liberal so thoroughly accepted his brain washing and gets it perfectly backward but has no idea he has been perfectly manipulated. Astounding!!

DifferentDrummr said:

I am truly amazed that you haven't been banned.

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I'm truly not amazed that you cant respond substantively and that you wish a violent liberal anti free speech solution so as to escape your inability to participate in debate in a debate forum. Ever see a conservative or libertarian have to run from a debate? What does that teach you?

James972 said:

I'm truly not amazed that you cant respond substantively and that you wish a violent liberal anti free speech solution so as to escape your inability to participate in debate in a debate forum. Ever see a conservative or libertarian have to run from a debate? What does that teach you?

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You've done it dozens of times.

gdgyva said:

details, we need details

regulate HOW

by WHOM

controlled by WHAT

i own a business....ie i am a capitalist at heart....government going to tell me how to run my business? what to pay my vendors? my employees? how much to charge my customers?

if so, then i am no longer a businessman....just another in a long line of government managers....been there, done that...and already have my tee shirt

thanks but no thanks

i dont mind following a few rules as far as safety....and getting licenses....and dealing with the county on zoning bull****

you can keep the rest of the crap

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Let's look at a few examples of what protecting capitalism from itself might look like (keeping in mind these ideas would really only apply to large corporations and not small businesses like yours):

Redefining the corporate fiduciary obligations: Instead of to stockholders only, take into account the interests of employees, customers and communities in which the corporation operates.

CEO compensation: restrictions of how much corporate executives can be paid in stock. One of the results of the recent tax cuts, especially on capital gains, was the buy-back of massive amounts of stock by large corporations in order to goose the stock prices in order for CEOs to be able to sell their shares and take advantage of the new tax laws. This had the effect of artificially goosing the market in general creating a bubble that you can be sure to burst and hurt mainly the middle class who have their 401(k)s and other retirement instruments. And, it greatly expands the wealth gap. A society with a massively top heavy wealthy class while the middle class struggles is inherently unstable and ripe for instability and upheaval.

Corporate political activity: as a companion to the fiduciary re-alignment, these huge corporations would need authorization of a majority of its shareholders and board (including a representation of its employees) to fund political activities.

None of these ideas would affect the vast majority of businesses in the country which are individual or family owned. They would not come from any direct government regulation but a simple few ground rule changes in the way corporations are structured. If the Great Recession and Market Crash of 2008 taught us anything it's that rampant, unrestrained capitalism can be as destructive as over-regulation. We're already on track to repeat that lesson if nothing is done to head it off.

Ever see a conservative or libertarian have to run from a debate?

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Mostly all I ever see is their lying, lying more and then doubling or tripling down on all the previous lying.....so no, not usually running away. This doesn't take into account their gross ignorance what their lying about.

James972 said:

Obviously wrong. Socialism (heavy regulation) becomes predatory and kills 10's of millions. Capitalism left unregulated is self-correcting
by compassion. Notice how the liberal so thoroughly accepted his brain washing and gets it perfectly backward but has no idea he has been perfectly manipulated. Astounding!!

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Astounding indeed. Have you done any research on the number of people whose lives were ruined by the last collapse of "compassionate capitalism" here?*


*of course, you haven't and would never consider doing so:THE HEALTH EFFECTS OF ECONOMIC DECLINE

The disease of opiate addiction and the mortality rates shows no sign of abating from the ravaging the lower-middle and predominantly white wage earners due to the last economic crash is well-established. Only a blind supporter of the unrestrained capitalist model could let himself ignore that.

James972 said:

Hitler Stalin Mao Pol Pot Castro FDR tried to step up regulation and they failed and killed 10's of millions. 330 million people know how to regulate far better through the free market than a few bureaucrats in Washington. Make sense?

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This is standard extreme right blather that forms the basis of the tired-old (ancient) myth of the "free-market" and religious-like faith in a magical capitalism that has no basis in the real world. It's the economic version of evangelical bible thumping (which it usually accompanies as I'll bet it does with you) which is likewise based on belief rather than fact.