different type of capitalism sociaty today

[spice756]

I was thinking in bad yesterday that the capitalism sociaty that is today is different than before .Before there was small businesses and shop owners.

Today we have big businesses ,stocks and bonds ,chain stores, company mergers , monopoly , businesses owners that own more than one businesses , globalization , offshoring and downsizing:crying:

[Schrödinger's Cat]

Are you French Canadian by chance? I'm having a hard time reading your posts.

[Lynx]

It also has http://en.wikipedia.org/wiki/Sovereign_wealth_fund

[Plagueround]

Generally I don't simply quote others, but in this case it's far too relevant:


The lower strata of the middle class — the small tradespeople, shopkeepers, and retired tradesmen generally, the handicraftsmen and peasants — all these sink gradually into the proletariat, partly because their diminutive capital does not suffice for the scale on which Modern Industry is carried on, and is swamped in the competition with the large capitalists, partly because their specialised skill is rendered worthless by new methods of production. Thus the proletariat is recruited from all classes of the population.

The only thing that occasionally counters this is an innovation of some kind that leads to new business giants springing up, and even then its usually only a matter of time before they become absorbed or incorporated into the larger businesses that were already running things.

[Bud Struggle]

Generally I don't simply quote others, but in this case it's far too relevant:



The only thing that occasionally counters this is an innovation of some kind that leads to new business giants springing up, and even then its usually only a matter of time before they become absorbed or incorporated into the larger businesses that were already running things.

Ouch! That's is a freaking great quote. It actually seems particularly true.

[IcarusAngel]

His post is easy enough to understand. When capitalism started, it was generally more about small businesses, local ownership and control, and reinvestment in the community. Adam Smith even wrote in his classic "Wealth of Nations" that self-interest leads manufacturers to employ people closer to home. We now know this is not true, at least in modern capitalism.

Capitalism differs from the older society of artisans and apprentices, in that modern capitalism is more about allowing corporations to become more expansive, able to own vast amounts of land (where previously they would have to get permission), the universal use of money to exchange goods and services, a tiered corporate structure, and a judicial system to protect the corporations.

This is why it's ridiculous to apply 18th century arguments to 21st century politics, although libertarians do this all the time, even though many of the early classical-liberals were not exactly pro-proprietorship.

Anyway, the quote posted above really explains it all.

[Bud Struggle]

His post is easy enough to understand. When capitalism started, it was generally more about small businesses, local ownership and control, and reinvestment in the community. Adam Smith even wrote in his classic "Wealth of Nations" that self-interest leads manufacturers to employ people closer to home. We now know this is not true, at least in modern capitalism.

Capitalism differs from the older society of artisans and apprentices, in that modern capitalism is more about allowing corporations to become more expansive, able to own vast amounts of land (where previously they would have to get permission), the universal use of money to exchange goods and services, a tiered corporate structure, and a judicial system to protect the corporations.

This is why it's ridiculous to apply 18th century arguments to 21st century politics, although libertarians do this all the time, even though many of the early classical-liberals were not exactly pro-proprietorship.

Anyway, the quote posted above really explains it all.

Realisticly--what we have today isn't really "Capitalism" at all it's at it's heart something else all together.

That being said--around the edges, as in my case--it's Capitalism and it works just fine. But at the heart of it--the Core of modern business today--that might not be Capitalism at all.

[spice756]

Are you French Canadian by chance? I'm having a hard time reading your posts.

My spelling and grammar is weak.:( So is my reading.Well wikipedia and marxists.org is horrible the english.

They need to have web sites for kids with pictures and illustrations:( Than University economics ,politics,philosophy and english.

It is okay for wikipedia and marxists.org too have web sites for 19+ but also have a web site for kids to understand this stuff too.



Realisticly--what we have today isn't really "Capitalism" at all it's at it's heart something else all together.

It is the higher stage of Capitalism.I have good article that talks about this.I will post it tomorrow.

[Schrödinger's Cat]

So you're an English speaker? Would you mind disclosing your age? I'd be interested. We have our own resident 13 year old, and I'm amazed people that young would even look into socialism.

[spice756]

Ya I'm young like alot of the young kids getting into this stuff.But what is strange is most 35+ people are not into this.

And the old folks seem to love money ,big house and car:confused: all polluted by US propaganda.Than going to communism where people share ,classless society no government ,no laws, no police,no money ,no wealth .


Well money ,power and hierarchy ,greed ,competition will have to be removed for a good society.

I guess you will have to have communist laws??