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In reply to the discussion: Capitalism is so broken it can’t be fixed [View all]HiPointDem
(20,729 posts)34. my original statement was: capitalism is 'designed' to concentrate capital. just like a game
of monopoly.
there's no corruption in monopoly, just people with initially equal resources making their 'choices'.
but it ends in monopoly. monopoly or oligopoly is the endpoint of capitalism when left to its own devices.
your comments about regulation are quite beside the point. i didn't say anything about regulation, I said the function of concentrating wealth is INHERENT in the design, inherent in the goals and rules of the game.
you can't 'regulate' it away without regulating capitalism away, unless the regulation was that everyone lost their accumulated wealth at death and it went into a common pot to be redistributed for another round, with everyone getting a stake at birth.
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yup. Succeeding wonderfully at impoverishing the many while enriching the few.
limpyhobbler
Feb 2013
#3
Exploitation, environmental destruction, gargantuan inequality, poverty, war, corruption
alcibiades_mystery
Feb 2013
#5
nothing to do with corruption; capitalism operating normally concentrates wealth and power.
HiPointDem
Feb 2013
#21
the design that says capitalism exists to increase & accumulate one's capital investment. if
HiPointDem
Feb 2013
#23
businesses come and go, but capital concentrates. it moves from business to business -- into
HiPointDem
Feb 2013
#30
my original statement was: capitalism is 'designed' to concentrate capital. just like a game
HiPointDem
Feb 2013
#34
i've read plenty of anthropologists, and they don't all agree on 'the origins of our economic
HiPointDem
Feb 2013
#40
'people buying things' is not a feature specific to capitalism. people have 'bought things,' or
HiPointDem
Feb 2013
#32
look, you seem to think i'm comparing capitalism to some other better economic arrangement &
HiPointDem
Feb 2013
#37
Profit implies infinite profit no more than eating implies infinite weight gain.
Silent3
Feb 2013
#43
a design doesn't necessarily imply a single designer, or any designer. "idealized, theoretical"
HiPointDem
Feb 2013
#25
you're the one who brought up 'idealized theoretical capitalism.' It's a mental concept that
HiPointDem
Feb 2013
#28
no, it doesn't. no more than 'death is a feature, not a bug, of human life' implies deliberate
HiPointDem
Feb 2013
#36
Since we won't be switching to socialism (and definitely not anarchism), we better find a way...
brooklynite
Feb 2013
#16
Our capitalist system doesn't recognize the right of citizens to own land - not buy it, own it.
reformist2
Feb 2013
#24