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Capitalism and Millennials: The 2018 James Q. Wilson Lecture

Discussion in 'BBS Hangout: Debate & Discussion' started by Os Trigonum, Sep 15, 2018.

  1. Bobbythegreat

    Bobbythegreat Member
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    It's a matter of if something is one thing, or if it is not. If I ask you for examples of cars and you name a bicycle, you haven't listed an example of a car. Literally none of those countries you listed are socialist, they are all capitalist countries....none of those countries have state ownership of the means of production. Honestly I blame Bernie for how ignorant those on the left have become when it comes to discussing what is socialism and what is capitalism. Those countries would tell you that they aren't socialist countries because they know better....and would just look at you as yet another really stupid American for asking them in the first place.

    Learn what words mean before you get in conversations like this.
     
  2. FranchiseBlade

    FranchiseBlade Contributing Member
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    You understand that programs like the Post Office, Rural Electrification, Interstates, etc. are socialist, right? The United States uses those elements of Socialism. It is not 100% capitalist.

    Every nation that I named uses socialism as part of its governance. Not one of them is 100% capitalist.

    If you wanted examples of things that can be part of one thing and also part of another we could look at dogs. There are dogs that are part Retriever and Part Border Collie. It is just one dog that isn't one thing or another. It has elements of both. Honestly, I don't know what to blame except for desire to pigeonhole things into groups as much as possible on your inability to comprehend this.

    Learn how it works before you get in conversations like this.
     
    superfob and No Worries like this.
  3. Bobbythegreat

    Bobbythegreat Member
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    SMH, this is so incredibly stupid. Social programs in a capitalist system is not socialism, seriously Bernie has completely destroyed your mind with that ridiculous notion. Notice how literally every example you are coming up with is part of a capitalist system and not one example comes from a socialist system? Yeah, it's because you aren't talking about socialism.

    Let's try this again and see if you can understand, in an octal system you use the numbers 0,1,2,3,4,5,6,7 generally speaking, we don't use that system, we use a decimal number system. You can't just point out that both systems have the number 7 and suggest that means that they are the same. They are completely different systems and if you took more than a child's glance into it, you'd notice that.
     
  4. JuanValdez

    JuanValdez Contributing Member

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    Not specific to millennials, but my industry (electric supply) has a problem with a lack of faith in capitalism. We used to have vertically integrated monopolies everywhere until ~ 20 years ago. Now a lot of the country has adopted competitive markets for wholesale and some states have adopted it for retail. Economics is pretty clear on the poor performance of monopolies, even regulated ones, but the urge to fall back is very strong (especially, it seems, since Trump got elected). It is disquietingly difficult to get some people to acknowledge and appreciate simple capitalist ideas like how markets drive firms to be more efficient. In my professional experience, it's more than just millennials who don't believe in capitalism.
     
  5. fchowd0311

    fchowd0311 Contributing Member

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    Wtf are talking about?
     
  6. FranchiseBlade

    FranchiseBlade Contributing Member
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    SMH this is so incredibly stupid. Programs which are run by the government where the government and not private business provide the service is socialism. Notice how all of the European nations that I listed use varying degrees of socialism in running their government. In another thread, you have been linked several times to people far more educated on the subject than you or I that explained the many different forms and degrees of socialism that people use.

    I can point out that socialism isn't an all or nothing proposition. but you will talk about digits and cars and bicycles instead. It is just crazy because despite having been linked time and time again in that other thread, you either didn't read the links or just ignored them and decided to stick with you dogmatic totalitarian definition of what socialism means.
     
  7. Invisible Fan

    Invisible Fan Contributing Member

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    I believe monopolies are the natural consequence of a free and decentralized market. They follow the pareto power laws fairly often without government intervention or regulation.

    Similar pattern would be the dot com ecommerce and search sites. Fairly certain crypto currencies will follow the same fate.

    This goes back to my belief of a government table setting while creating competitive landscapes open to disruption. Probably read too much Economist growing up.

    Balancing "enlightened" regulation versus stifling innovation is a tricky matter as with all preventative and hard to quantify issues.

    Theres a political irony that a social conservative would likely favor regulation more than a liberal to rein in the likes of AI or biotech companies that stretch the limits of moral definition and dramatically change the social landscape within years.

    Such is the price of progress, but the markets are always right, aren't they?

    History and technological revolutions usually indicate that social corrections to tech advances (coal power, green revolution, telecommunications, etc...) are dramatically slower and take much longer to actualize. I mean we still fetishise the 50s as the American Golden Age for every standard we consider Third World or shithole class today.

    Much different context given the larger data set the current generation has to consider.
     
    mdrowe00 and No Worries like this.

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