Keith Woods Why Capitalism Will Fail

[Tadhg Gaelach]

Capitalism

Capitalism is an economic system whereby monetary goods are owned by individuals or companies. The purest form of capitalism is free market or laissez-faire capitalism. Here, private individuals are unrestrained in determining where to invest, what to produce, and at which prices to exchange...

www.investopedia.com

Precisely - the irrational rule of fear and greed. Just take a look around you.

 

[Seánie McRant]

You like a system ruled by fear and greed?

Communism? No, it's terrible.

 

[Tadhg Gaelach]

Communism? No, it's terrible.

Communism is a system of central planning, where economic decisions are made according to rational criteria.

 

[Seánie McRant]

You like a system ruled by fear and greed?

Socialism taught me a lot about human nature. I got involved in various Socialist groupings over the years. I joined Amnesty International whilst in school and I kept up my involvement for 20 years. I never thought of Amnesty as being political. It wasn't overtly so but looking back it was heavily invested in Socialist concerns and whether it was pure or not to begin with, it certainly became very invested in leftist ideology.

In Amnesty I noticed a tendency by the heirarchy to display "blind spots". One of these was ignoring the advantages to be gained by use of the internet. Saving massive printing costs, rapid communication, organisational advantages. There was a lot of resistance to it which made me a little suspicious that there was something else going on that wasn't what it said on the tin.

This wasn't some massive revelation that brought the whole thing crashing down, but it was a sign of something else more significant that I'd later work out in my mind as more patterns emerged.

Something was rotten.

 

[Seánie McRant]

Communism is a system of central planning, where economic decisions are made according to rational criteria.

Have you not read 1984 and The Gulag Archipelago then? I'm in the process of reading both. But let's just say they don't quite hold up your viewpoint.

 

[Tadhg Gaelach]

Have you not read 1984 and The Gulag Archipelago then? I'm in the process of reading both. But let's just say they don't quite hold up your viewpoint.

1984 is silly nonsense written by a fellow working for British propaganda. As for the Gulag Archipelago, I've read it myself. A lot of people were in gulags, but very few of them were innocent. If you're going to have a rational society, you have to remove the irrational people.

 

[Tadhg Gaelach]

Socialism taught me a lot about human nature. I got involved in various Socialist groupings over the years. I joined Amnesty International whilst in school and I kept up my involvement for 20 years. I never thought of Amnesty as being political. It wasn't overtly so but looking back it was heavily invested in Socialist concerns and whether it was pure or not to begin with, it certainly became very invested in leftist ideology.

In Amnesty I noticed a tendency by the heirarchy to display "blind spots". One of these was ignoring the advantages to be gained by use of the internet. Saving massive printing costs, rapid communication, organisational advantages. There was a lot of resistance to it which made me a little suspicious that there was something else going on that wasn't what it said on the tin.

This wasn't some massive revelation that brought the whole thing crashing down, but it was a sign of something else more significant that I'd later work out in my mind as more patterns emerged.

Something was rotten.

Shamnasty is run by MI6 and the US State Department.

 

[Seánie McRant]

Given that Capitalism only emerged in the 1600s in Europe, and not until the 20th century in most of the rest of the world, I'd say that is an extraordinary claim.

Capitalism is just an advanced version of barter which uses an accounting system. It's basic ancient technology created long long before 1400 (Try ancient Egypt- 3000 BC) and wasn't really invented as much as evolved organically. I really don't know what you mean when you say "capitalism" Is it some academic definition you can't shake or was it installed in your brain at socialist gatherings? I'm interested to know when and where "capitalism" was introduced to you, and what wounded you so badly.

Capitalism itself has never hurt anyone. It takes humans to do that.

 

[Seánie McRant]

Shamnasty is run by MI6 and the US State Department.

I totally agree

 

[Seánie McRant]

1984 is silly nonsense written by a fellow working for British propaganda. As for the Gulag Archipelago, I've read it myself. A lot of people were in gulags, but very few of them were innocent. If you're going to have a rational society, you have to remove the irrational people.

Ah yes, the fangs come out.... Thanks Tadhg.... Is that the time? Must dash.

Please remind me to not run into you in a dark alley.

You really are quite bonkers. But you're honest and I admire that at least.

 

[Tadhg Gaelach]

Capitalism is just an advanced version of barter which uses an accounting system. It's basic ancient technology created long long before 1400 (Try ancient Egypt- 3000 BC) and wasn't really invented as much as evolved organically. I really don't know what you mean when you say "capitalism" Is it some academic definition you can't shake or was it installed in your brain at socialist gatherings? I'm interested to know when and where "capitalism" was introduced to you, and what wounded you so badly.

Capitalism itself has never hurt anyone. It takes humans to do that.

Capitalism is a system based on profit. What is profitable is done. What is not profitable is not done. Ancient societies were based on belief in gods, not on profit. Indeed, many societies would sacrifice any surplus to the gods and refuse to store anything other than the seed needed for next year's planting.

Capitalism always hurts people, because it tells them the lie that their societies should be based on private property, profit and debt. Capitalism is the destruction of the sacred and its replacement with the profane.

 

[Seánie McRant]

Capitalism is a system based on profit. What is profitable is done. What is not profitable is not done. Ancient societies were based on belief in gods, not on profit. Indeed, many societies would sacrifice any surplus to the gods and refuse to store anything other than the seed needed for next year's planting.

Capitalism always hurts people, because it tells them the lie that their societies should be based on private property, profit and debt. Capitalism is the destruction of the sacred and its replacement with the profane.

Now I have you. You're talking about a belief system, so it's not capitalism you're talking about. You can't "believe" in hammers or cars. You just use them.