Death of Capitalism - Page 2

Kidicious · May 14, 2003, 16:41

"It's a Killer Rabbit with huge mashing teath like this"
*mashes hands and fingers together to simulate eating people
-Monty Python

Shi Huangdi · May 14, 2003, 16:45

Certainly, Viceroy. Of course, as the Lord of such an uncivilized province, we shall expect you to oversee the inquisition there as nessecary to bring light to that benighted province.

Japher · May 14, 2003, 16:46

Quote:

social programs and safety nets can co-exist in a free-market consumer goods economy

I agree, just as long as they are not ran or funded by the government.

Anyway, Shi already has a following

I think that in order for it be a true Feudalism we should take a vote

Kidicious · May 14, 2003, 16:49

Pitifull. The fascists are declaring that capitalism is inferior to even feudalism.

SlowwHand · May 14, 2003, 16:51

Quote:

Originally posted by JohnT
I read that original post of yours, Sloww, and I was wondering when somebody would come in and "correct" you. You make trolling just look so easy.

It takes a lot of practice, believe me.
I studied AH for years.

JEEZ, people. Give me a break, will ya ?

Without even looking, let me quote myself:

"Thanks. There's been a noticeable absense of the Death of Capitalism/Democracy threads.

See that "slash" ? Is meant as "and/or".
As in, absense of yada and/or yada.

Shorthand, I know, but I figured all you Einstein clones could catch on with a little effort.

Sava · May 14, 2003, 16:58

Quote:

I agree, just as long as they are not ran or funded by the government.

That's the problem Japh... nobody else would do it without the government... or have you forgotten about what life in the US was like pre-Teddy Roosevelt

DAVOUT · May 14, 2003, 17:05

Quote:

Originally posted by Lorizael
As far as the United States goes, there's a lot of gold lying around that's not being used to give value to the currency. It would take a lot to destroy the monetary flow inside the United States.

Gold stock of the US at the end of february 2003 : 11043 Millions $.

That is not a lot. Definitely not enough to guarantee the US currency in any amount appropriate to the volume required.

SlowwHand · May 14, 2003, 17:08

We need to go back to barter system.
Then people that can't do **** will be culled out.

Lorizael · May 14, 2003, 17:35

Quote:

Originally posted by DAVOUT

Gold stock of the US at the end of february 2003 : 11043 Millions $.

That is not a lot. Definitely not enough to guarantee the US currency in any amount appropriate to the volume required.

What does that mean, exactly? What I know is that the US Dollar is backed by the gold being stored at For Knox (sp?) and that US doesn't use all of the gold there. If it really wanted to, it could up the value of the dollar by a considerable amount.

JohnT and Sloww: *sigh* it's hard to to know when someone is yanking your chain across the internet.

Japher · May 14, 2003, 17:36

Gold was the old standard, silver too, the dollar is not based on any precious metal anymore.

PLATO · May 14, 2003, 17:40

Quote:

Originally posted by Sava
And contrary to the belief of the Cold-War brainwashed masses, social programs and safety nets can co-exist in a free-market consumer goods economy.

Isn't "Social Capitalism" what we have now in both Western Europe and US?

Western Europe tends more toward socialism and the Us more towards capitalism.

BTW, while economic and political philosophy are NOT the same, one does tend to follow the other. The more free a society the more likely it will tend towards capitalism.

Lorizael · May 14, 2003, 17:45

Plato, in practice that's true. Doesn't mean it has to be so.

Japher, what gives the dollar value?

Japher · May 14, 2003, 17:47

Our kick arse army!

Sava · May 14, 2003, 17:48

Quote:

Isn't "Social Capitalism" what we have now in both Western Europe and US?

Western Europe tends more toward socialism and the Us more towards capitalism.

Pretty much. The difference is the US gives more of its welfare money to corporations. My political beliefs fall along the lines of seperating the Social aspects from the Capitalist aspects while ensuring the Democratic process is free from unethical influences. My theory is that Capitalism will thrive if unaffected from outside influence. I also think that in order to protect "life, liberty, and the pursuit of happiness" the government needs to provide health care and education. It should be done in a high quality, but efficient, manner.

Quote:

BTW, while economic and political philosophy are NOT the same, one does tend to follow the other. The more free a society the more likely it will tend towards capitalism.

No... it means, the more free the society, the more likely it will tend towards the system more culturally suitable. Or are you not paying attention to Iraq? If the US simply killed Saddam and left the people to choose their own system without controls, they'd choose an Islamic system.

Kidicious · May 14, 2003, 17:52

Quote:

Originally posted by Lorizael
Japher, what gives the dollar value?

The exchange price is determined by supply and demand.

SlowwHand · May 14, 2003, 17:53

You know what's dumb?
And this isn't as troll as one might think initially.

The value we set on jewelry.
I.E. diamonds, rubies, and other.

Lorizael · May 14, 2003, 17:55

I don't think that's what he means by free society. Yes, without Saddam or the US Iraq would be "free", but that's anarchy. That's what the bullies in elementary school thought free meant when they punched you and then said, "It's a free country, I can do what I want!"

But the United States is free in that it has freedom of speech, expression, religion, freedom to choose its own government, that sort of thing.

Yes... our kick arse army... which we spend more money on than every other nation in the world combined.

Japher · May 14, 2003, 17:59

Dollar is based on the production value of the US economy... Thus, it is kind of based on our ability to trade, or based on the people.

Yeah, I don't know how ppl value precious metals and stones... weird.

Cruddy · May 14, 2003, 18:04

If we killed everyone on the planet, that would kill capitalism. But I don't think it's a good idea. In economic terms, you would radically boost the GDP of all nations. Perhaps it might be capitalism's victory over common sense?

Sava · May 14, 2003, 18:05

I don't understand metals and stones either... for some, the value of a dollar is more or less depending on their job and such. For someone making 30 million a year, sure spending 7 grand on a diamond might not be a huge expense. But in my current economic state, I can't say I'd pay more than 100 dollars for any rock or piece of metal unless it gives me 100 channels, surround sound, or plays games.

SlowwHand · May 14, 2003, 18:06

What?

Japher · May 14, 2003, 18:08

Quote:

I can't say I'd pay more than 100 dollars for any rock or piece of metal unless it gives me 100 channels, surround sound, or plays games.

then which catagory does your lady fall under?

Lorizael · May 14, 2003, 18:12

Gold has a value in the world market, and generally it's worth a lot. The US isn't on a gold standard anymore, meaning you can't go to a bank, give the banker a dollar, and get a dollar's worth of gold back, but the US dollar has to have something of actual value to back it up, otherwise it's just a piece of green paper.

The massive store of Gold in the US is one of those things which gives it value. And gold is more than just a precious metal. Just ask NASA.

Cruddy · May 14, 2003, 18:13

I can see why people value gold.

It comes in very handy for making computer chips.

But I thought the value was also down to rarity and longevity.

Kidicious · May 14, 2003, 18:17

People will use currency to trade for other things. That's what backs it up. It doesn't need any other back up.

monkspider · May 14, 2003, 18:20

Here is my one promise to Apolyton, capitalism will cease to exist as an institution within no more than 20 years.

The fun begins this year around mid-to-late October with a pretty nasty crash/panic.

Sava · May 14, 2003, 18:22

Quote:

then which catagory does your lady fall under?

In that situation, I'm not paying for the metal/stone... but rather the privilage to not have to masturbate daily.

Sava · May 14, 2003, 18:24

Quote:

Originally posted by monkspider
Here is my one promise to Apolyton, capitalism will cease to exist as an institution within no more than 20 years.

The fun begins this year around mid-to-late October with a pretty nasty crash/panic.

don't set ridiculous deadlines, monkspider... you can't predict the future and when you're wrong, you'll just be mocked. I can't even count the number of "end of the world" deadlines and sh1t that have been proved wrong.

Inverse Icarus · May 14, 2003, 18:24

Quote:

Originally posted by SlowwHand
You know what's dumb?
And this isn't as troll as one might think initially.

The value we set on jewelry.
I.E. diamonds, rubies, and other.

i am willing to debate, that everything is assigned value based on getting women to f*ck you. cars, jewelry, whatever.

if women were nationalized and distributed by the state, the world would be a better place.

Lorizael · May 14, 2003, 18:25

But currency doesn't have any inherent value. Once it is established it does, but alone it is worth nothing.

The barter system was in place for so long because you were trading actual resources with intrinsic values. Then we used currency as a substitute for valuable resources.

And now currency has its own value, it having been around a long enough time.

But the US dollar got its value from the huuuuge amounts of gold it has sitting around.