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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Northern Marlin who wrote (23106)	1/19/2011 10:46:12 AM
From: Horgad	3 Recommendations Read Replies (1) \| Respond to of 50568

Its not a question of what the definition of capitalism is. It is a question of what Marx was referring to when he said "unfettered and unregulated capitalism". From the definitions that you posted Free-market capitalism requires regulations and fetters lest it quickly turns into something else such as state capitalism. Of course, the Marxists wanted to go much further with the regulations and fetters than simply trying to create a stable, viable, capitalism with appropriate checks and balances. However, my point is that those calling for pure capitalism with no oversight (which leads to monopolies, state capitalism, and end of free-market capitalism) are as nutty as the "Marxists" calling for a complete cessation of capitalism. "However, the problems you describe in your post are examples of corporatism (big business in control of the state), not capitalism." Yes, sure I can agree with that, but what I am saying is that the capitalism that you want is quickly lost without government interference and there in lies the whole problem. Because once you give the government the power to interfere, it is simply a matter of time before they start interfering in counter-productive ways. So you are damned if you do and damned if you don't. In that sense, I have to agree with Marx. Capitalism (like everything else we have come up with) is a system doomed to fail either at the hands of the government or at the hands of big business or most likely at the hands of both. What we need is both MORE and LESS regulation, but that is a pipedream.