The cow example isn’t strictly an indictment on capitalism. The economics are skewed because of government subsidies on corn.
If you get rid of subsidy, the equilibrium would probably still be upset, at least in the cow example, because people are now used to the taste of corn-fed.
you can't separate the actions of the state from the actions of capital. Capital only exists through the state, and within a system where greed is rewarded you can't expect the individuals within the state to ignore it. Another example of this is using sweatshops in other countries, it takes more labor to actually get it to this country but the labor itself costs less because the people are oppressed and are not allowed higher wages. In many cases of this the role of the state is to simply allow the capitalists to do this
http://time.com/4779112/police-history-origins/
another example, the police force itself was started by capitalists convincing the government to shift the costs of their private force to the workers.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don’t follow your logic on this point. I agree that there’s collusion. I’m not convinced there has to be.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
the capitalists that don't will simply lose to the ones that do. Capitalism is based on the accumulation of capital, whoever does it the most efficiently simply wins out.
capitalism cannot exist without a state, they simply become an extension of each other because of the info above
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I don't know about that. I think it's possible to be a moral capitalist. That is, a capitalist who doesn't use violence to gain an advantage. Is it rare? Yes. In fact, it's probably the most rare thing on the planet.
Is it "most efficient" to use violence to gain advantage and win? In a way. But it's at great expense. A capitalist that buys into the status quo and colludes with the state to gain an advantage is selling part of their soul. And I think it's wrong. I don't defend it. But I'm not convinced they go hand-in-hand. I think we just don't see it very often because they sell out.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
"Is it "most efficient" to use violence to gain advantage and win? In a way. But it's at great expense. A capitalist that buys into the status quo and colludes with the state to gain an advantage is selling part of their soul. And I think it's wrong. I don't defend it. But I'm not convinced they go hand-in-hand. I think we just don't see it very often because they sell out."
Like an argentine economist has said that whom do that sort of thing are "empresaurios".
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
"capitalism cannot exist without a state, they simply become an extension of each other because of the info above"
Read Murray Rothbard and get aware that there is an option.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit