Laissez Faire

[ComradeJunichi]

How do you prove the theory wrong, or how has it been proved wrong. Government not interfering with economy, and that an invisible hand will fix trading and market and all that. People will come together to do business.

[Nateddi]

laissez-faire capitalism is a sick, elitist wish that would inevitably lead to a society controlled by the plutocracy, increased poverty and degradation, unfair monopolies and labour practices, etc.

this is the fundmental flaw in capitalism, go get a marx studyguide, he explains it all.

(Edited by Nateddi at 12:01 am on July 30, 2002)

[ComradeJunichi]

Like a Marx reader thing? Yeah I'm gonna next time I go to the "People's Bookstore". Barnes and Noble and stores like that are too expensive.

[Nateddi]

well a marx reader may be difficult.

i was thinking of some book by a different author that summarizes marxism. I suggest the Cambridge Companion to Marx, or Marx for Beginners.

[Revolution Hero]

Quote: from ComradeJunichi on 9:57 am on July 30, 2002
How do you prove the theory wrong, or how has it been proved wrong. Government not interfering with economy, and that an invisible hand will fix trading and market and all that. People will come together to do business.


If the government will not interfere into economy, the economy will collapse. You will have long-lasting crisises and recessions.

The US economy is regulated and is under state's control. It is not totally controlled, but still it is controlled. In contrary there would have been a lot of "Great Depressions" for the last half of the century.

[kidicarus20]

The laissez-faire has been proven not to work. Look at the gilded age, theres your lassiez-faire capitalism hard at work right there.

My opinion is it's not majority voice. It allows one person to get rich off of selling pet rocks or something and then he's able to buy a lot of land and fence it in; the question there is what happens when only so few people start to buy and own all of america? It's like they compete agains teach other for who can make the most money and who can get the most land.
The laissez-faire doesn't necessarily produce the best products anyway, car companies for years with-held seatbelts and other safety standards because it was making the boss at the top richer. Libertarians say "people would just start making cars with seat belsts to get customers" but that is misleading. First of all people can't just build cars because they dont have the resources, second all the car companies teamed up with each other, they knew they didn't want to be losing money, and they were the ones at the top because greedy people exceed in the laissez-faire, that's what its all about. It finally took laws and regulations to save hundreds of thousands of lives.

Also look at the fact that car companies went backwards in MPG standards so they could make the oil companies richer.

Laissez-faire leads to big monopolies that control our lives and tell us what we are worth, look at the gilded age robber barrons, it with-holds techonlogy from us, it allows the greedy only to succeed (the cheats, the thieves), etc...

Laissez-faire, under that shit wal-mart would become our god.
http://www.indyweek.com/durham/2002-05-08/news.html
Check out that story on wal-mart, they pay their workers as little as they can, they keep them from working full-time so the company can make more money, they go into communites and sell their products for lower than retail price then when they have destroyed the competition they jack up the prices, fucking us all over, people have to stop this shit. They also employ people in china, they dont care that the chinese are under a repressive regime, wal-mart supports it, they force their american suppliers to cut labor costs so they can sell wal-mart their products cheaper.

Do you want one nation under wal-mart?