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Is Capitalism Dead?

Christopher Kremmer: The Good, the Bad and the Greedy

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Alanhutton Avatar
Alanhutton
Posts: 1
Posted: 09.16.09, 05:56 AM
Please keep these comments coming. They do nothing but substantiate case on the unreality and unattractiveness of the cult of 'market fundamentalism'.
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Chase Avatar
Chase
Posts: 9
Posted: 03.07.09, 08:12 PM
The "market"- the sum total of production and exchange between individuals- does not need a bureaucracy to guide it.
If you don't want to do business with a private entity, you are not obligated to do so. If you perceive an injustice being created by an enterprise, you are free to keep your money away from them. Problem solved.
If you are unsatisfied with the way people are being treated by a government, you have no means of recourse- other than the symbolic act of voting.
What we have in the US today is an unethical kinship between those two groups, usually referred to as "corporatism". Corporations purchase influence over the existing regulatory agencies (which we have no control over), and use this influence to pursue their private interests at the expense of other individuals. Some examples of this relationship can be seen in the Federal Reserve Bank possessing a government-sanctioned monopoly over the issuance of currency, pharmaceutical companies installing handpicked chairmen to the FDA, agro-industrial firms doing the same with the USDA etc.
Please explain to me how greed is not self-limiting in the absence of government regulatory control.
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image847 Avatar
image847
Posts: 2
Posted: 03.06.09, 06:35 AM
I'm rather confused about the comments. There was nothing to do with ethanol in the clip or high food cost. As well, the comment which asserts without state control, greed is self-limiting is ridiculous. In what way? The only sense which could possibly made of that is to translate it as the market is capable of imposing regulations independently or, perhaps, to say that greed would be hurting its goal in the long term by being too greedy. Both of which have been shown to be wrong or, at least, in need reworking. Anyways, I wonder if the point was missed entirely. The speaker was simply talking about the nature of consumerism in areas of excess and its affects on a population's mentality. I don't claim to be an expert on the inner workings of economic structures, but the point was much simpler than that.
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Chase Avatar
Chase
Posts: 9
Posted: 02.27.09, 11:41 AM
Correction: I meant to say it's NOT about good vs. bad.
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Chase Avatar
Chase
Posts: 9
Posted: 02.27.09, 11:40 AM
I can't sit through this whole tirade.

The greed question is about good vs. bad. Corporate greed only poses a threat to civil liberties and general well-being when it is compounded with over-reaching governmental powers over the market.
Without the mechanism of state control of trade and finance, greed is self-limiting.
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Michael A. Thompson Avatar
Michael A. Thompson
Posts: 21
Posted: 10.29.08, 07:13 PM
WOW the level of stupid in this speech is astounding! Do to lack of time, or interest on my part, I will simply point out one flaw: The use of food for fuel has absolutely NOTHING to do with the free market! It is do to governments asinine ethanol requirement laws that are the major contributing factor to high food costs.
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