look at the Diggers hoping for the death of capitalism

[Jeremy]

http://digg.com/business_finance/Michael_Moore_What_We_re_Seeing_is_the_End_of_Capi talism

makes me sick

[Andrew Ryan]

F%$@ em they are hoars anyways!

[Kotin]

it really has been a long time since we have actually had capitalism...

[Aldanga]

Digg is Bipolar. You can't trust half of the things for half of the peoples' opinions.

[ClayTrainor]

makes me want to throw up ....

Fat headed michael moore has done more damage to public opinion than he realizes. Socialism NEVER out-performs free-markets. Perhaps he should to some actual research instead of pushing agendas for the left!

[ihsv]

Capitalism and Socialism are two sides of the same coin.

In capitalism, profit is king. The corporations profit from the middle class/poor.

In Socialism, profit is king. The government profits from the middle class/poor.

In Fascism (aka corporatism), profit is king. The corporations AND (through) government profit from the middle class/poor.

The name of the game is profit, gain, and redistribution of wealth. The differences between the systems is simply who profits and how they go about it.

A simplistic explanation to be sure, but an accurate one.

[kathy88]

makes me want to throw up ....

Fat headed michael moore has done more damage to public opinion than he realizes. Socialism NEVER out-performs free-markets. Perhaps he should to some actual research instead of pushing agendas for the left!


I just started reading one of Ted Nugent's books, and there is a picture of him standing over a wart hog he killed and the caption reads something like, "the only picture you will ever see of me and Michael Moore"

lmao

[lodge939]

I just started reading one of Ted Nugent's books, and there is a picture of him standing over a wart hog he killed and the caption reads something like, "the only picture you will ever see of me and Michael Moore"

lmaolmao!!!

[Andrew-Austin]

To me capitalism implies sound money.

[tonesforjonesbones]

Free market capitalism is nothing more than globalism. Rockefeller attended the London School of Economics...when will ya'll wake up? if we were manufacturing our own goods , selling them to our people and providing decent jobs in the USA rather than outsourcing...this country would still be booming. When will you wake up? tones

[tonesforjonesbones]

Rockefeller - London School of Economics - FABIAN SOCiETY -Marxism. End of story. tones

[tremendoustie]

Capitalism and Socialism are two sides of the same coin.

In capitalism, profit is king. The corporations profit from the middle class/poor.

In Socialism, profit is king. The government profits from the middle class/poor.

In Fascism (aka corporatism), profit is king. The corporations AND (through) government profit from the middle class/poor.

The name of the game is profit, gain, and redistribution of wealth. The differences between the systems is simply who profits and how they go about it.

A simplistic explanation to be sure, but an accurate one.

The words profit FROM are misleading. It is very different when I profit from you by selling you a box of cereal that you want at a good price. It is very different when I profit from you by mugging you. Capitalism is the former, socialism and fascism are the latter.

Not that we have anything close to actual capitalism now, but that's what it means -- free exchanges of goods and services. To profit does not imply that you are taking money from someone else, because markets are not a zero sum game. You are creating wealth by producing that cereal, and your profit does not make anyone else poorer.

[tremendoustie]

Free market capitalism is nothing more than globalism. Rockefeller attended the London School of Economics...when will ya'll wake up? if we were manufacturing our own goods , selling them to our people and providing decent jobs in the USA rather than outsourcing...this country would still be booming. When will you wake up? tones

Instead of just saying "wake up", please explain what you're saying. If you're for protectionism, I think you're wrong.

International free markets are good, they increase wealth and efficiency. What has been damaging us is our monetary policy, which allows for the continuation of trade deficits, through inflation and borrowing. If trade deficits were not enabled, it's easy to see how international trade would lead to more wealth for all.

Suppose we had an economy as you describe, totally walled off from the world. Now suppose a foreign entity proposes an even trade, goods for goods. The only way the trade will go through is if the goods are more valuable to the US than the goods we are giving up (and vice versa). Thus, we have not lost wealth, but gained it.

International trade only sends us to the poorhouse when we finance it with inflation and debt, rather than by trading real goods and services.

[Feenix566]

In capitalism, profit is king. The corporations profit from the middle class/poor.


How do corporations profit "from" the middle class?


Free market capitalism is nothing more than globalism. Rockefeller attended the London School of Economics...when will ya'll wake up? if we were manufacturing our own goods , selling them to our people and providing decent jobs in the USA rather than outsourcing...this country would still be booming. When will you wake up? tones

What is a "decent" job? How do you define decent?

[tonesforjonesbones]

Look..we had capitalism in the USA...we manufactured our own goods...and we imposed TARIFFS on imports. That was when our economy was booming...now..free market capitalism..eh that is nothing but globalism which you folks say you dislike. How has it helped the USA ..OUR COUNTRY...by opening up the markets globally..no tariffs, and outsourcing all of our manufacturing to foreign countrys..forcing the bulk of our workers into SERVICE INDUSTRY JOBS...that pay 9 bucks an Hour? Someone tell me how that has been good for America. I look around me...and i can't find the good in it. tones

[Mort]

Look..we had capitalism in the USA...we manufactured our own goods...and we imposed TARIFFS on imports. That was when our economy was booming...now..free market capitalism..eh that is nothing but globalism which you folks say you dislike. How has it helped the USA ..OUR COUNTRY...by opening up the markets globally..no tariffs, and outsourcing all of our manufacturing to foreign countrys..forcing the bulk of our workers into SERVICE INDUSTRY JOBS...that pay 9 bucks an Hour? Someone tell me how that has been good for America. I look around me...and i can't find the good in it. tones

So you like it when unions force companies to overpay for automotive workers? That's what drives out the manufacturing. Unions making it unprofitable.

[tonesforjonesbones]

I has been PROVEN that manufacturing our OWN GOODS HERE was better for the country than this GLOBALIST free market capitalism. Look around you. We still exported our stuff..but we damn well MADE IT HERE. This free trade opened a can of worms and we have suffered for it. Look at , lets say...silacon valley....lots of tech jobs that paid very well..what happened? GLOBAL FREE MARKETS... if the corporate bastards can find somebody from India that will do the job for HALF of what they are paying americans...what do they do? you know the story. Look , part of the problem is the damn government regulations...that just KILLED our manufacturing ..and that is also part of the communitarian plan ..for globalism. Tones

[tonesforjonesbones]

Unions = marxism. tones

[tonesforjonesbones]

It goes back to having a moral society. Who ran the unions? mafia. who ran the mafia...bankers..what do bankers want? Globalism, economically and governance. tones

[libertea]

Capitalism and Socialism are two sides of the same coin.

In capitalism, profit is king. The corporations profit from the middle class/poor.

In Socialism, profit is king. The government profits from the middle class/poor.

In Fascism (aka corporatism), profit is king. The corporations AND (through) government profit from the middle class/poor.

The name of the game is profit, gain, and redistribution of wealth. The differences between the systems is simply who profits and how they go about it.

A simplistic explanation to be sure, but an accurate one.

I can't disagree however one side of the coin is more efficient.

I'd vote for a third party economic system if there was a good one. Until then it's the lesser of the 3 evil sides of the coin.

[Mort]

I has been PROVEN that manufacturing our OWN GOODS HERE was better for the country than this GLOBALIST free market capitalism. Look around you. We still exported our stuff..but we damn well MADE IT HERE. This free trade opened a can of worms and we have suffered for it. Look at , lets say...silacon valley....lots of tech jobs that paid very well..what happened? GLOBAL FREE MARKETS... if the corporate bastards can find somebody from India that will do the job for HALF of what they are paying americans...what do they do? you know the story. Look , part of the problem is the damn government regulations...that just KILLED our manufacturing ..and that is also part of the communitarian plan ..for globalism. Tones

Sounds like you want more regulations. Something like companies can't hire people overseas. They would be forced to overpay people here.

The unions killed manufacturing.

[tonesforjonesbones]

We need to pull back to protectionism if we want our sovereignty. We already have a one world government through this global economy business...all that's left is the singing. tones

[Mort]

US manufacturing companies wouldn't exist if they hadn't moved overseas. They can't afford union wages and be profitable. You don't seem to understand that. The same reason why the big 3 are failing.

[Mort]

It goes back to having a moral society. Who ran the unions? mafia. who ran the mafia...bankers..what do bankers want? Globalism, economically and governance. tones

You are trying to make our governance moral. If everyone was forced to buy american then things would be much more expensive. It would make things worse for the poorest. Which many would consider less moral.

[tonesforjonesbones]

Well yes... I agree...the unions (mafia/bankers/marxists) and the taxes and government regulations was all a part of destroying our sovereignty and our power. I don't deny that at all. tones

[Feenix566]

Look..we had capitalism in the USA...we manufactured our own goods...and we imposed TARIFFS on imports. That was when our economy was booming...now..free market capitalism..eh that is nothing but globalism which you folks say you dislike. How has it helped the USA ..OUR COUNTRY...by opening up the markets globally..no tariffs, and outsourcing all of our manufacturing to foreign countrys..forcing the bulk of our workers into SERVICE INDUSTRY JOBS...that pay 9 bucks an Hour? Someone tell me how that has been good for America. I look around me...and i can't find the good in it. tones

You didn't answer my question, but I'll answer yours. Global free trade is good for Americans because it allows American consumers to buy goods at their natural market rate, which takes advantage of the abundant supply of unskilled labor in developing nations.

Now you answer my question. What's a decent job?

If a decent job is one that pays enough to allow the worker to buy all the things he or she needs to live a "decent" lifestyle, then lowering the prices of manufactured goods goes a long way towards ensuring that all American jobs are "decent".

[klamath]

The words profit FROM are misleading. It is very different when I profit from you by selling you a box of cereal that you want at a good price. It is very different when I profit from you by mugging you. Capitalism is the former, socialism and fascism are the latter.

Not that we have anything close to actual capitalism now, but that's what it means -- free exchanges of goods and services. To profit does not imply that you are taking money from someone else, because markets are not a zero sum game. You are creating wealth by producing that cereal, and your profit does not make anyone else poorer.

Very well put.