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To: Hawkmoon who wrote (108842)2/23/2010 11:38:32 PM
From: skinowski1 Recommendation  Read Replies (1) | Respond to of 116555
 
In sum.. Capitalism, in order to thrive and drive a nation's economy, must have government regulations in place that prevent corporate monopolization.

Regrettably, our legal environment is so overcomplicated that it has become an impediment to business, in many ways. I suppose if you keep pumping out laws for over a couple of hundred years non-stop, it's possible to overdo things.

University of Arizona Alumni?

No, NYU.
The smiley was meant to suggest that this pattern of thinking was (and remains) far from being unique. If the student comes to believe that every political system is in the end the same, it becomes easier to focus on "alternative" - or Marxist - fantasies. The truth is that systems are not the same.



To: Hawkmoon who wrote (108842)2/23/2010 11:40:22 PM
From: Casaubon2 Recommendations  Respond to of 116555
 
the massive accumulations of capital into fewer and fewer hands is symptomatic of monopolistic functions at play. The gov't is supposed to make sure this does not occur. As it is, capital is more efficient than labor at generating distributions from productive work. Therefore, labor must learn to harness capital, otherwise their share of production from purely laboristic distribution will be subjected diminishing returns (a result of technological efficiencies). The result of allowing monopolies to accumulate capital, places labor at an extreme disadvantage, eventually enslaving labor as the share of distribution no longer provides a living wage. It is therefore imperative that monopolies not be allowed to exist, under the umbrella of Capitalism.

The other inherent disservice at play, from incumbent monopolistic practices, is the diminution of property rights of the investor class (which should include labor, by the way). Monopolies have corrupted the policies which govern distribution of profits in such a way as to exclude, to a great extent, the fair distribution of profits, which the investors are entitled to receive. And instead, are allowed to sit upon hoards of capital, never distributing those profits to their rightful owners. These bastardized practices have put the investor class, as well as labor at the mercy of monopolies, which have captured Washington.