SI
SI
discoversearch

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 -- Ignore unavailable to you. Want to Upgrade?

To: Gib Bogle who wrote (53186)8/6/2009 2:58:54 AM
From: elmatador  Read Replies (1) | Respond to of 218169
 
than you. I call it the concept. Where one does something useful for another that needs that useful thing or service.

People can name it capitalism but you know I don't believe in ideologies.



To: Gib Bogle who wrote (53186)8/6/2009 1:18:00 PM
From: Maurice Winn2 Recommendations  Read Replies (1) | Respond to of 218169
 
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



To: Gib Bogle who wrote (53186)1/28/2011 8:01:29 AM
From: elmatador  Respond to of 218169
 
OT Sting, the rock star, James Cameron, the film director, and Sigourney Weaver, the actress, have all been vocal opponents of the project, which was first put forward in the 1970s.

Brazil's Belo Monte dam: a history of celebrity opposition

The construction of the Belo Monte dam in Brazil may finally be about to begin but celebrity opponents as well as legal challenges have helped prevent the bulldozers and workmen moving in before now.

telegraph.co.uk


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News