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Farmer-Rick

(10,140 posts)
59. Well capitalism died out during feudal times over and over again.
Fri Feb 15, 2019, 04:15 PM
Feb 2019

Kings, Lords, royals and Popes would simply come in and scoop up all the profits from any successful business, unless they owned the business like the East Indian Tea Company. Peasants had no incentive to increase their output because they got nothing more for better or swifter production. Lords were not expecting income from markets so that markets did not thrive or expand. There was a period of 200 years were feudalism was stagnate yet capitalism couldn't get a foothold. But a rich Lord would have told you this was the best economic system ever.

If you would have asked a rich slave owner of a cotton plantation if he thought capitalism would ever succeed, he would have said: "It has been tried many times and proves to be a dismal economic failure every time." Slavery ensured capitalist couldn't compete without slaves. Not to own slaves was to ensure the failure of any business because they couldn't compete with the free labor of slaves.

So did everyone suddenly quit trying to use capitalism? I guess not.

Owning stock is NOT owning the means of production. It is merely owning a piece of a corporation. But that does not mean the stock owner can decide what to sell and trade, what to pay low level workers, where to invest profits, how to pay vendors, where to place factories, when to shut down unsuccessful endeavors. The only way to be allowed into the decision making process of a corporation through buying stock is to buy up the controlling shares or majority shares. So, who can afford to buy up controlling shares? Not the average citizen, worker or investor, only the uber rich capitalists.

Republicans consider everything that doesn't involve giving stuff to the 1% socialism. Vinca Feb 2019 #1
They hate the idea of a level playing field mindem Feb 2019 #2
Then again, socialism is not a bad word HopeAgain Feb 2019 #3
Sure it does ( not me)...and if the GOP use socialism to smear us, it could cost us elections Demsrule86 Feb 2019 #5
Two very popular politicians HopeAgain Feb 2019 #15
It is my opinion that neither of those mentioned could win a general presidential election. Demsrule86 Feb 2019 #18
AOC is slaying the GOP JonLP24 Feb 2019 #46
That is simply untrue. There is a reason why Mitch McConnell is holding a vote on the Green Demsrule86 Feb 2019 #49
Most non voters and young voters tend to be more liberal JonLP24 Feb 2019 #50
The electorate needs to be expanded before we put a such a candidate up. Look at the Senate. The Demsrule86 Feb 2019 #54
Many long-term members of the Party HopeAgain Feb 2019 #55
And neither one are socialists. I find that to be very interesting. WeekiWater Feb 2019 #41
I have seen Sanders HopeAgain Feb 2019 #44
It's self branding. WeekiWater Feb 2019 #45
Putin is not a socialist. There is no irony. Caliman73 Feb 2019 #28
If we call ouselves socialist,we give the GOP an way to attack us...threatening 2020. Demsrule86 Feb 2019 #40
To Republican voters it is. ooky Feb 2019 #24
And they aren't voting Democratic anyway HopeAgain Feb 2019 #25
Probably because you had a big part in alleviating their fears ooky Feb 2019 #26
Socialism is often falsely equated with Communism. Xolodno Feb 2019 #48
I agree, socialism is not a bad word, however i prefer the moniker Social Democrat. c-rational Feb 2019 #53
I can live with that HopeAgain Feb 2019 #56
Democrats know the truth but the GOP plans to hit us hard as big spending socialists...that is the Demsrule86 Feb 2019 #4
Social values change over time though, Republicans are making "socialism" mundane ck4829 Feb 2019 #6
Right on tihs threat somone says he/she doesn't think the party is socialist nor are they. Demsrule86 Feb 2019 #20
So is running away from it just because Republicans call something they don't like socialism ck4829 Feb 2019 #21
Why not run as a progressive? Why not offer a public option and run on the ACA...hard to demonize. Demsrule86 Feb 2019 #22
A wall is big spending socialism but pugs don't want to admit that cpamomfromtexas Feb 2019 #14
If we are branded big taxing socialist, we will lose as we did in the 70's . There is a reason we Demsrule86 Feb 2019 #19
"I'm not a socialist , I don't think the democratic party is socialist. stonecutter357 Feb 2019 #7
In contrast, talk about their.... Republican Fascism State the Obvious Feb 2019 #8
We need to steer away from the terms war and educate instead. ooky Feb 2019 #29
"Socialism" as I was taught is the government ownership of the means of production riverine Feb 2019 #9
The meaning has not changed and in my opinion most members here who claim to love socialism don't. GulfCoast66 Feb 2019 #32
This quote of yours is spot on: riverine Feb 2019 #36
We don't let conservative punks control the narrative. theaocp Feb 2019 #43
The right is now using the word socialism like they scarytomcat Feb 2019 #10
People really don't have an understanding of what socialism is. Farmer-Rick Feb 2019 #11
To bad it never works well in practice. EX500rider Feb 2019 #51
Just because it didn't work before doesn't mean it can't work. Farmer-Rick Feb 2019 #57
"Just because it didn't work before doesn't mean it can't work." EX500rider Feb 2019 #58
Well capitalism died out during feudal times over and over again. Farmer-Rick Feb 2019 #59
Newt Gingrich wrote the "list of words" in 1996 UpInArms Feb 2019 #12
Try professor Richard Wolf's explanation of what socialism is. aidbo Feb 2019 #13
If you have to explain than you have lost the argument in a campaign. Trump has way more Demsrule86 Feb 2019 #42
I saw it used effectively here in Florida Awsi Dooger Feb 2019 #16
I agree with you somewhat although I think you downplay the racial component to his loss. GulfCoast66 Feb 2019 #35
I'm happy to beat up Republicans claiming the progressive policies are "socialism"... brooklynite Feb 2019 #17
We are not socialists. We are Democrats who believe in good government and a safety net. Demsrule86 Feb 2019 #23
Then call yourself Social Democrats, not Democratic Socialists brooklynite Feb 2019 #33
Thank you! I don't know a single socialist. GulfCoast66 Feb 2019 #34
Absolutey not...those who engage in these sort of semantics give GOP dirty Demsrule86 Feb 2019 #39
Embrace and explain it. Running from it is what the Republican's want. Challenge them to tell jalan48 Feb 2019 #27
No one here doesn't like socialism where it works best. Hortensis Feb 2019 #30
Actually lots of people here don't like Socialism. Perhaps a majority. GulfCoast66 Feb 2019 #37
The snowstorm one was a hoot. I think they are shifting away from "liberal " underpants Feb 2019 #31
Republicans that don't like socialism are ANTI-SOCIAL scarytomcat Feb 2019 #38
boy they are throwing around this word bdamomma Feb 2019 #47
I don't like socialism. But no one here is accurately describing socialism GulfCoast66 Feb 2019 #52
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