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Define ‘Unchecked Capitalism “ I Can’t!

Define ‘Unchecked Capitalism “ I Can’t!

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Yes, a poster here of, ahem, liberal persuasion, used this term. As it might come up again, I thought everyone should have the same understanding of it.

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@averagejoe1 said
Yes, a poster here of, ahem, liberal persuasion, used this term. As it might come up again, I thought everyone should have the same understanding of it.
That’s like when the British capitalists starved Ireland and India because they legally owned all the food

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@athousandyoung said
That’s like when the British capitalists starved Ireland and India because they legally owned all the food
Next, please. That is nary a definition.

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@averagejoe1 said
Next, please. That is nary a definition.
That is nary a definition.

Ok professor, explain it to us. I'd like to hear this one.

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I will guess that it means a capitalist who has the money to start more businesses or investment because he has the money too and as his wealth increases he becomes the only one who can start anything new.
Thus the little guys can't ever compete or even try.


I'm just guessing, I really don't know 🤷

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@mchill said
That is nary a definition.

Ok professor, explain it to us. I'd like to hear this one.
I have no idea, never have heard till an hour ago.

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@athousandyoung said
That’s like when the British capitalists starved Ireland and India because they legally owned all the food
Let's don't forget China
England went to war with these people
because they didn't want to continue buy their opium.
The Opium Wars
The Opium Wars were two wars waged between the Qing dynasty and Western powers in the mid-19th century. The First Opium War, fought in 1839–1842 between Qing China and the United Kingdom, was a conflict triggered by the dynasty's campaign to enforce its prohibition of opium against British and American merchants who sold opium produced in India and Turkey. The Second Opium War was fought between the Qing and the United Kingdom and France, 1856–1860. In each war, the European force's modern military technology led to easy victory over the Qing forces, with the consequence that the Qing government was compelled to grant favourable tariffs, trade concessions, reparations and territory to the Europeans. The wars and the subsequently-imposed treaties weakened the Qing imperial government and forced China to open specified treaty ports that handled all trade with imperial powers. In addition, China gave the sovereignty over Hong Kong to the United Kingdom....Wikipedia

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@averagejoe1 said
I have no idea, never have heard till an hour ago.
If you have no idea, then you have no way of knowing if athousandyoung's definition was incorrect or not, since you just admitted you're speaking from a position of ignorance.

- Sorry, but you just contradicted yourself! 😏

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@mchill said
If you have no idea, then you have no way of knowing if athousandyoung's definition was incorrect or not.

- You just contradicted yourself! 😏
Do you find that surprising?
Some might say hypocritical/

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@jimm619 said
Do you find that surprising?
Some might say hypocritical/
Do you find that surprising?



Not really, but I live in hopes that one day Joe engages at least 1 brain cell before posting here.

- Hope springs eternal! 😉

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@averagejoe1 said
I have no idea, never have heard till an hour ago.
Hawaii is another example;
The people got the faith,
Dole Fruit Company got the land.

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As opposed to a FREE MARKET economic system, a capitalist government can infuse cash into select businesses.
China is very good at investing in businesses to keep costs low and allow said business to take over an industry such as the steel industry.
Or, a government may infuse cash into a troubled business to keep it afloat. We saw this during the Obama administration when large cash infusions to Wall Street banks needed to be bailed out from bad loans.

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@earl-of-trumps said
As opposed to a FREE MARKET economic system, a capitalist government can infuse cash into select businesses.
China is very good at investing in businesses to keep costs low and allow said business to take over an industry such as the steel industry.
Or, a government may infuse cash into a troubled business to keep it afloat. We saw this during the Obama administration when large cash infusions to Wall Street banks needed to be bailed out from bad loans.
You got your dates mixed up,
it was The Bush Administration that
bailed out the banks....TARP
.....Our government has something called
'The Federal Reserve Bank,' that is also able to control the
flow of currency in and out of the market.
https://www.cbsnews.com/news/more-americans-think-obama-not-bush-enacted-bank-bailouts-poll-shows/
https://www.pewresearch.org/fact-tank/2010/08/10/was-tarp-passed-under-bush-or-obama/

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@averagejoe1 said
Yes, a poster here of, ahem, liberal persuasion, used this term. As it might come up again, I thought everyone should have the same understanding of it.
Small government.

Unchecked means that there are not enough checks and balances put in place; the same as unbridled, uncontrolled, unregulated or unfettered capitalism, really.

So, businesses controlling absolutely everything, rather than an elected government.

You do know you can just google the definition, don’t you?

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Making people into property e.g. slavery is another good example of unchecked capitalism.

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