2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 387.11

+0.1%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gib Bogle who wrote (53186)	8/6/2009 1:18:00 PM
From: Maurice Winn	2 Recommendations Read Replies (1) of 218176

Gib, that's the key feature of socialism. <the key feature of capitalism is getting other people to work to make money for you. I don't think capitalism is going to wither away, rather, a different group of people will be getting rich from the work of others. > Capitalism is the accumulation of capital which is invested in things which return profits. That capital is privately owned. A capitalist tends to have fewer workers than non-capitalists. Somebody might hire 100 people to work for them, but not be a capitalist. All they need is the workers to generate more revenue than they cost in pay and hey presto profits, but no capital invested. On the other hand, I can buy a refinery, power station, runway, ship or something with just a few people to run it, or even none, and get a lot of money and profits. Those few people could be paid a LOT of money. That's capitalism. Socialism is bludging off the work of others. Capitalism is use of capital to get more money [or capital]. Capitalism creates wealth, socialism destroys it. Mqurice

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next