Comments by "Nanofuture87" (@Nanofuture87) on "Can Socialists and Capitalists Find Middle Ground? | Middle Ground" video.
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@mrmoth26 "Corporatism is a political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, on the basis of their common interests. The term is derived from the Latin corpus, or "human body". The hypothesis that society will reach a peak of harmonious functioning when each of its divisions efficiently performs its designated function, such as a body's organs individually contributing its general health and functionality, lies at the center of corporatist theory. Corporatism does not refer to a political system dominated by large business interests, even though the latter are commonly referred to as "corporations" in modern American legal and pop cultural parlance; instead, the correct term for this theoretical system would be corporatocracy."
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@Anonymous The "petty bourgeois" or the middle class as we more commonly know it today, has not suffered the most or disappeared under capitalism. Quite the contrary, to speak of the US, small businesses account for almost all businesses and they employ nearly half of private sector workers. In addition, over half of the US population owns stock, making them part owners of the means of production. Marx predicted that the middle class would vanish and we would be left with a stark divide between the hyper wealthy capitalists and the increasingly impoverished workers, but that isn't what happened. While it is certainly true that capitalists have become hyper wealthy, the workers have also become wealthier in absolute terms, a result of wealth not being a zero sum game. The livings conditions of the majority of people on the planet are improving rather than worsening. We could argue about whether capitalism is unstable, how what you call economic failures attributable to capitalism are actually the result of government intervention, or whether reforms of capitalism with the creation of the welfare system and of various worker's rights have failed, but fundamentally the material conditions that Marx thought would drive revolution haven't come about. We know that Marx's predictions can't have come true because his predicted revolution hasn't happened.
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@sohamdutta5315 1. Googling it shows that entrepreneurship has increased, an upward trend over the past several years with 320 out of 100,000 adults becoming entrepreneurs in 2018. The pandemic has also seen a surge of entrepreneurship.
2. Monopolies in reality are fueled by government regulation creating artificial barriers to market entry along with subsidies / bailouts of established businesses. If a natural monopoly were to actually occur, this wouldn't even be a problem as the threat of competition would always remain.
3. Yes, Marx said that capitalism has greatly increased wealth / productive forces. Whereas Marx says that the relationship between the workers and owners under capitalism is antagonistic, a class struggle, reality shows it to be mutually beneficial.
4. Government interference is the problem. Yes, capitalists agree that a business cycle exists. No one is disputing that: the question is why it exists. Unsurprisingly, capitalists reject the explanation offered by Marxian economics where it's the result of the tendency of the rate of profit to fall. It's also unsurprising that governments liked the Keynesian explanation that they should spend more during a bust (though they don't like the flip side where they need to spend less during the boom).
5. He kind of was though. Rather than everything being decided by the movements of the planets, in dialectical materialism / historical materialism everything is decided by material conditions. His grand theory of human history is nonsense just like astrology is nonsense, and being fuzzy about the details so as to be unfalsifiable is also a hallmark of astrology. As for young people hating capitalism or liking socialism, I'd wager most young people don't even know what those things actually are. They hear capitalism and think cronyism and hear socialism and think things like universal healthcare. In any event, young people supporting things like socialism and then abandoning that support as they grow older is a common trend. The conservatives of today were the hippies of yesterday.
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@thanos8638 "corporatism is collectivist?"
Yes.
"What do you take?"
Facts. "Corporatism is a collectivist political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, business, scientific, or guild associations, on the basis of their common interests. The term is derived from the Latin corpus, or "human body". The hypothesis that society will reach a peak of harmonious functioning when each of its divisions efficiently performs its designated function, such as a body's organs individually contributing its general health and functionality, lies at the center of corporatist theory." Yeah I know, "Wikipedia lol", but still helpful.
"Can you tell me how Marxian economic analysis is flawed?"
There are numerous ways that it's flawed, but the most basic is that it's built upon the labor theory of value, which is false.
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@thanos8638 Alright, how about Capital? You can find it all over the place, starting from the very beginning in Chapter 1 Section 1 where he discusses commodities: "all are reduced to one and the same sort of labour, human labour in the abstract.", "A use value, or useful article, therefore, has value only because human labour in the abstract has been embodied or materialised in it. How, then, is the magnitude of this value to be measured? Plainly, by the quantity of the value-creating substance, the labour, contained in the article" It goes on and on.
What's really funny is that most socialists understand and accept this, making you a strange oddity. Rather than deny that Marxian economics uses LTV, they defend LTV.
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@harpoonmcfierce9697 No, you aren't, because you can refuse whatever the manager says. If you feel that the offered compensation is worth less than your labor, then you can say "no thanks" and walk away. As for a manager making more money, again, value is subjective. The exact same thing can be worth different amounts to different people, and we aren't even talking about the exact same thing as labor is never going to be exactly the same between different individuals.
Why do the workers not owe the business? If the business owes the workers for any amount above the cost of doing business because of their labor, then why would the workers not owe the business for any shortfall? After all, by your reasoning it would have been their labor that caused it.
I've already told you exactly why I believe as I do. I believe in the natural rights of individuals, that each individual owns themselves and that others are not entitled to their person, labor, or property. If you can't accept that, then that's your problem.
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@arthurmorgan1550 "If it is profitable to use slavery, child labor, or invade another country for its natural resources, then those things will occur under capitalism."
Yet these things have been reduced under capitalism. How strange. It's almost like saving and capital accumulation and free exchange make these things less profitable. It no longer makes sense to treat men like beasts when you have machines or actual beasts to do that sort of work. It no longer makes sense to put children to work when the immediate needs of survival have been met and having children learning instead provides more benefit in the long run. It no longer makes sense to invade another country for its natural resources, an expensive process that destroys resources, when those resources can be had through peaceful exchange.
"We need an economic system that puts people before profits, and that’s socialism."
This makes no sense. Where do you suppose profits come from in capitalism? They come from serving people, from supplying customers with what they want. The customers, the people, are the ultimate decision makers in capitalism. The capitalist who does not serve the customer will fail. Saying that we need socialism is like saying we need to drink bleach. It's poison.
"yet you’re ignoring its a result of corporations lobbying the government."
I'm not ignoring it at all. Big business and big government have long been in bed with each other. However, the solution is not destroying capitalism and replacing it with socialism, but rather by removing the incentive to lobby by withering away the government.
"A completely free market doesn’t exist because it’s idealist nonsense."
Says the socialist.
"The state is a mechanism of class antagonism, so as long as there are classes there will be a state"
In a sense you're correct, though not in the way you intend. You have the rulers in government and you have the ruled. This doesn't change under socialist governments, you still have rulers and ruled. Without government to serve as the source of coercion to grant favors and pit special interests against each other, the interests of business owners and the interests of workers are aligned.
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@bobwilson3780 "what I should have said is luck plays a bigger role in capitalism than merit."
k
"Also, this whole economic system has thrown a whole generation if not two generations in the dirt."
Nope, and capitalism is what has raised people up to be capable of being 'thrown into the dirt' in the first place.
"I'm glad capatilsm is dying"
Socialism is what has repeated failed and collapsed.
"we've just made more kings."
Every man can be a king. Every woman can be a queen. Every nonbinary can be a monarch.
"You capitalists give the people as little as you can such that they don't revolt"
You socialists think you are entitled to the fruit of the labor of others.
"I presume you are over sixty"
Nope.
"have done well out of this system"
Yep. Billions of people have.
"For every ' successful person' there are many 'failures"
Even the 'failures' are better off under capitalism.
"Capitalism leaves the power in the hands of the few"
Power is in the hands of the many. You choose if you will buy or not buy, sell or not sell.
"That is one of the defining features of capitalism, inequality, or if you like, no democracy"
Democracy takes power away from the individual, subjecting them to the will of others. Tyranny of the majority is a phrase for a reason.
"in Central Africa, you would be screwed no matter your diligence or talents."
Central Africa is also notorious for forms of socialism and government control that are very anti-capitalist. Even so, global capitalism has benefited Africa.
"Luck played in your favour at birth, you are just entitled and callous if you believe this capitalist system is working."
A socialist calling someone else entitled is quite something. You exist in a world made possible by capitalism, a world where billions have been lifted out of extreme poverty, where multiple diseases have been eradicated, where the technology to make this conversation happen exists.
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@Albert Whisker "Capitalism is a system defined by private ownership of the means of production."
Correct.
"It's literally, like in that's what the word implies, literally the rule of capital or those who own capital."
Incorrect. Ownership of property does not equal rule over others.
"Don't make the mistake of assuming that economic systems are NOT political."
Political systems that include capitalism as the economic system run the gamut from anarchy (though left anarchists will complain about using that term) all the way to absolute dictatorships. Simply saying that a country is capitalist tells you nothing about its politics.
"And capital gain is taxed less than gains from work"
Specifically, long term capital gains, supposedly to encourage investing. Hey though, if you want to simplify the tax code down then that's fine by me.
"Warren Buffet has a lower tax rate than his secretary"
The top 1% pays more in federal income tax than the bottom 90% combined.
"Also given that companies are technically legal entities those "individuals" also need to pay their fair share."
Corporate taxes are a thing already. This amounts to double taxation, but yeah, it exists.
"you aka "the mob" from making meaningful decisions for yourself"
I am not "the mob." I am individual, I am very much glad that I don't live under mob rule. The founding fathers limited democracy for a very good reason. I make meaningful decisions for myself all the time. I decide where I live. I decide where I work. I decide what I buy, who I spend time with, what my hobbies are, etc. The majority of the things people do in life are decided by them.
"But the point is whether they agree with that or don't agree with that doesn't make a difference unless they actually do something about it. From public protest, to elections, to revolutions, demanding accountability or pretty much anything."
Correct, and the people who agree with capitalism are going to vote against you and would resist a revolution. Like I said, keep ignoring them and you'll just keep losing.
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