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Thread: Why shouldn't capitalism be better regulated?

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    Why shouldn't capitalism be better regulated?

    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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    Re: Why shouldn't capitalism be better regulated?

    This was common sense for a long time ( Post–World War II economic expansion - Wikipedia ), but they seemed to forget all about it by the time Reagan got into office, and it's now like an ancient fable, something we knew is absolutely not true and couldn't possibly be. This, despite the fact that other countries all over the world do it. *shrug*

    Tax and rich and corporations more, implement stronger protections for workers, and incentivize growth and progress, rather than just retaining the status quo.

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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by Checkerboard Strangler View Post
    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.
    CBS:

    At the core of your question is who should regulate capitalism? Should it be people elected to government by an electorate who for the most part possess a minority of the capital? Should it be regulated by the people and institutions which own/control the majority of that capital? Civil wars and revolutions have been fought to settle that question for a time, but somehow the argument is never settled. As we stumble into a new Gilded Age with greater and greater capital concentration in fewer and fewer hands that question and a parallel question will dominate public debate and quiet conversation in the halls of power. The parallel question is should democracy be regulated and controlled to protect the interests of capital? Both are chilling questions and both have the potential to transform states and societies in very powerful and fundamental ways.

    World War Three is underway to determine these two paramount questions and our hearts and minds are the high ground in a global battlefield which must be dominated to win the war. We are The Somme, we are Verdun, we are Sedan, we are Stalingrad, we are Warsaw, we are Leyte Gulf, we are Mount Suribachi (IwoJima), we are Pusan, we are Dien Bien Phu, we are the Chinese Farm, we are the Tet Offensive. Our thoughts, our genes, our data, our identities, our freedom and our independence of action will be the collateral damage of this world war of enclosure.

    This is a great question to launch this forum. Bravo, sir!

    Cheers.
    Evilroddy.
    Last edited by Evilroddy; 05-05-19 at 09:25 PM.

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    Re: Why shouldn't capitalism be better regulated?

    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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    Re: Why shouldn't capitalism be better regulated?

    Capitalism should be regulated by the government and the government should be responsible to the electorate and not to powerful networks of capital. Such regulation should be both from the ground up and the top down within companies and from the top down in societies and states as a whole. More will follow as time permits.

    Cheers.
    Evilroddy.

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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by Checkerboard Strangler View Post
    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.
    What makes you think capitalism is NOT regulated? There are huge volumes of laws and regulations on the books governing the operation of our businesses. Probably far more than necessary. The reason corporate misbehavior makes news is because it's rare. There are tens of thousands of corporations and businesses out there doing business lawfully, and honorably.
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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by nekrodev View Post
    This was common sense for a long time ( Post–World War II economic expansion - Wikipedia ), but they seemed to forget all about it by the time Reagan got into office, and it's now like an ancient fable, something we knew is absolutely not true and couldn't possibly be. This, despite the fact that other countries all over the world do it. *shrug*

    Tax and rich and corporations more, implement stronger protections for workers, and incentivize growth and progress, rather than just retaining the status quo.
    Yeah, more taxes is the answer to every question. The fact the rich are already paying a huge share of taxes already doesn't matter. Worker protections? Are you kidding - the work place is awash in regulations and restrictions.
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    Re: Why shouldn't capitalism be better regulated?

    Business is heavily regulated. Unlike fire, when reduced to a certain point, it stops being capitalism and becomes socialism. In the rare cases where we find a scary thing like a monopoly is happening because of a lack of regulation, we can consider adding more. Most of the time it is because companies have broken the existing laws to cause problems and they would have broken other laws just the same.

    You need to give more information on what you are asking. Are you wanting to change the existing controls on how much is paid to employees? Are you wanting to cap what someone can make? Are you wanting to ensure that all companies have the same color of shirts?
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    Re: Why shouldn't capitalism be better regulated?

    Let's be clear. Business, like every other form of human endeavor, has its bad apples. Therefore, SOME level of regulation and enforcement IS necessary. Laws must be in force to deal with contract enforcement, product and workplace safety and fair employment practices to name a few.
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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by gdgyva View Post
    regulate HOW

    by WHOM

    controlled by WHAT
    this all depends. I don't think the government should "tell you how to run your business", but I think we might disagree on exactly what that means.

    How? - depends on the industry, depends on our needs and our situation. are you drilling for oil? there might be more new regulations needed for that, or at least fewer incentives and subsidies. are you a small, local grocery store or auto repair shop? you're probably going to be largely unaffected. The only real issue would be minimum wage, assuming you pay employees the minimum wage, or near it, as opposed to what a "decent living" would be for your industry or area.

    Whom / What? - the government. that's how it works. state, local, federal, whatever it takes, whatever is best suited for the task. i'm not sure why you split these questions, honestly.

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