05 Sep 23
Capitalism is arguably the single biggest driver of technological innovation and scientific achievement. The motivation for profit also results in the creation of the necessary resources for scientific achievement.
For example: rocket fuel needed for space flights was developed and distributed because of capitalistic intent.
Obviously, capitalism should be tightly regulated and all capitalistic governments should implement socialist principles to make it work to benefit all people rather than a few at the top (as well as prevent exploitation of workers, damaging the ecosystem, etc.).
It seems those that lean left focus purely on capitalism's negatives (which are many) but never on the positives.
05 Sep 23
@vivify said😂
[youtubeCapitalism is Good]CRPHp2EjNR8?si=p-dnwhCOFWa0mONY[/youtube]
Capitalism is arguably the single biggest driver of technological innovation and scientific achievement. The motivation for profit also results in the creation of the necessary resources for scientific achievement.
For example: rocket fuel needed for space flights was developed and distributed becaus ...[text shortened]... e that lean left focus purely on capitalism's negatives (which are many) but never on the positives.
05 Sep 23
@vivify said===Capitalism is arguably the single biggest driver of technological innovation and scientific achievement. The motivation for profit also results in the creation of the necessary resources for scientific achievement.===
[youtubeCapitalism is Good]CRPHp2EjNR8?si=p-dnwhCOFWa0mONY[/youtube]
Capitalism is arguably the single biggest driver of technological innovation and scientific achievement. The motivation for profit also results in the creation of the necessary resources for scientific achievement.
For example: rocket fuel needed for space flights was developed and distributed becaus ...[text shortened]... e that lean left focus purely on capitalism's negatives (which are many) but never on the positives.
Agreed, but I'd cut the word "arguably." I think it's indisputable.
===Obviously, capitalism should be tightly regulated and all capitalistic governments should implement socialist principles to make it work to benefit all people rather than a few at the top (as well as prevent exploitation of workers, damaging the ecosystem, etc.). ===
I'd agree that the economy should be regulated, but only as minimally necessary to achieve societal interests, such as the goals you mentioned and things like providing basic services that the free market struggles with (like policing) and to ensure all people a basic standard of living.
@vivify
It is more efficient, but is it good for everyone?
Have you read Marx?
You mean regulated capitalism, but isn't regulation a socialist ideology? You seem to want a balance between socialism and capitalism. You like capitalism for the efficiency, but you want some socialism so it is more fair. Right?
05 Sep 23
@vivify saidMost who lean left totally agree with you. For capitalism to work well, there must be rules and regulations. It is those on the right who seem to want a wild west pure capitalism. Few if any rules and regulations. Let the market place make all decisions and if folks die from snake oil or dangerous work places or the environment is destroyed, so be it.
[youtubeCapitalism is Good]CRPHp2EjNR8?si=p-dnwhCOFWa0mONY[/youtube]
Capitalism is arguably the single biggest driver of technological innovation and scientific achievement. The motivation for profit also results in the creation of the necessary resources for scientific achievement.
For example: rocket fuel needed for space flights was developed and distributed becaus ...[text shortened]... e that lean left focus purely on capitalism's negatives (which are many) but never on the positives.
@vivify saidI lean very left but I’ve always agreed that well regulated capitalism is the best possible engine for technical, economic and social improvement.
[youtubeCapitalism is Good]CRPHp2EjNR8?si=p-dnwhCOFWa0mONY[/youtube]
Capitalism is arguably the single biggest driver of technological innovation and scientific achievement. The motivation for profit also results in the creation of the necessary resources for scientific achievement.
For example: rocket fuel needed for space flights was developed and distributed becaus ...[text shortened]... e that lean left focus purely on capitalism's negatives (which are many) but never on the positives.
The commie bogeyman is a scare tactic employed those who prefer the dystopian option of unfettered capitalism which isn’t even good for capitalism
@sh76 saidWe've seen many times that the drive for profit causes people to scheme and push back on whatever that minimum is.
I'd agree that the economy should be regulated, but only as minimally necessary to achieve societal interests, such as the goals you mentioned and things like providing basic services that the free market struggles with (like policing) and to ensure all people a basic standard of living.
Think of it like doctors focusing only on the minimum sanitary requirements before surgery. In such scenarios you don't want just the "minimum" you want the highest standard available for these systems to operate in. Likewise with regulating capitalism.
I agree with the rest of your post.
05 Sep 23
@metal-brain saidCorrect.
@vivify
It is more efficient, but is it good for everyone?
Have you read Marx?
You mean regulated capitalism, but isn't regulation a socialist ideology? You seem to want a balance between socialism and capitalism. You like capitalism for the efficiency, but you want some socialism so it is more fair. Right?
I haven't read Marx but I absolutely should.
05 Sep 23
@vivify said"It seems those that lean left focus purely on capitalism's negatives (which are many) but never on the positives."
[youtubeCapitalism is Good]CRPHp2EjNR8?si=p-dnwhCOFWa0mONY[/youtube]
Capitalism is arguably the single biggest driver of technological innovation and scientific achievement. The motivation for profit also results in the creation of the necessary resources for scientific achievement.
For example: rocket fuel needed for space flights was developed and distributed becaus ...[text shortened]... e that lean left focus purely on capitalism's negatives (which are many) but never on the positives.
If Toyota makes a car that goes into an uncontrollable spin if you enter a turn at 70km/h, I am not going to bother saying what nice leather seats it has or how well the AC is performing. I am not trying to ban cars or even just Toyotas, i want the damn car to keep itself steady.
@kevcvs57 saidAn Oxymoron....Regulated Capitalism.
I lean very left but I’ve always agreed that well regulated capitalism is the best possible engine for technical, economic and social improvement.
The commie bogeyman is a scare tactic employed those who prefer the dystopian option of unfettered capitalism which isn’t even good for capitalism
Feel free to use this info as you tailor your posts to the end that we have Marxism. And uou asked Kev, or was it Vivify, if he has read Marx!?!? They ARE Marx.
05 Sep 23
@vivify saidAgreed, but are you sure it is capitalism that deserves the credit?
Correct.
I haven't read Marx but I absolutely should.
I suspect it is the wealth from having a world reserve currency that is why so many innovations took place in the UK and USA. When the UK had the world reserve currency many advances in science took place in the UK, especially Scotland. Then when the US dollar replaced the Sterling as the WRC a lot of innovations took place in the USA.
Concentrated wealth leads to more innovation. Am I wrong?
Are all capitalist nations on the forefront of science? Brazil is a capitalist country. How many great scientists have come from Brazil?
05 Sep 23
@vivify saidI think the free market can handle the minimum/maximum thing. Providers that show the best standards of cleanliness, care, etc., will naturally rise to the top. Stopping fraud or misrepresentations is generally enough to regulate services.
We've seen many times that the drive for profit causes people to scheme and push back on whatever that minimum is.
Think of it like doctors focusing only on the minimum sanitary requirements before surgery. In such scenarios you don't want just the "minimum" you want the highest standard available for these systems to operate in. Likewise with regulating capitalism.
I agree with the rest of your post.
Healthcare is a little different from most services by nature, and so has to be treated a bit differently. But the fundamental principle is the same.
05 Sep 23
@sh76 saidDidn't the USSR dominate the space race before 1969?
===Capitalism is arguably the single biggest driver of technological innovation and scientific achievement. The motivation for profit also results in the creation of the necessary resources for scientific achievement.===
Agreed, but I'd cut the word "arguably." I think it's indisputable.
===Obviously, capitalism should be tightly regulated and all capitalistic governments ...[text shortened]... the free market struggles with (like policing) and to ensure all people a basic standard of living.
It is not indisputable. Education itself is socialist in nature. So is the military. Right?
05 Sep 23
@metal-brain saidMerely having wealth doesn't lead to innovation.
Agreed, but are you sure it is capitalism that deserves the credit?
I suspect it is the wealth from having a world reserve currency that is why so many innovations took place in the UK and USA. When the UK had the world reserve currency many advances in science took place in the UK, especially Scotland. Then when the US dollar replaced the Sterling as the WRC a lot of in ...[text shortened]... refront of science? Brazil is a capitalist country. How many great scientists have come from Brazil?
Saudi Arabia is an insanely wealthy nation but doesn't lead many scientific discoveries or tech breakthroughs. That's because MBS and other princes have no capitalistic drive since they're already disgustingly rich and have been since birth. SA mainly engages in political endeavors.
Capitalism isn't just about having wealth it's about the drive to attain or increase it.