Comments on: Capitalism is not the evil as Michael Moore would describe it http://libertymaven.com/2009/09/24/capitalism-is-not-the-evil-as-michael-moore-would-describe-it/7432/ For Liberty, One Individual At A Time Sun, 12 Feb 2012 08:44:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: LibertarianMike http://libertymaven.com/2009/09/24/capitalism-is-not-the-evil-as-michael-moore-would-describe-it/7432/comment-page-1/#comment-4379 LibertarianMike Thu, 24 Sep 2009 19:18:26 +0000 http://libertymaven.com/?p=7432#comment-4379 tedbohne, I disagree with your earlier comments, but I definitely agree with you that the central bank (Federal Reserve) and fractional-reserve banking must be abolished. I also agree that permanent growth is unattainable. Of course none of this has anything to do with capitalism. tedbohne, I disagree with your earlier comments, but I definitely agree with you that the central bank (Federal Reserve) and fractional-reserve banking must be abolished. I also agree that permanent growth is unattainable. Of course none of this has anything to do with capitalism.

]]> By: tedbohne http://libertymaven.com/2009/09/24/capitalism-is-not-the-evil-as-michael-moore-would-describe-it/7432/comment-page-1/#comment-4377 tedbohne Thu, 24 Sep 2009 16:55:16 +0000 http://libertymaven.com/?p=7432#comment-4377 My Dear Mike, I say ole Bean!! I'm afraid I'll have to disagree with your scholarly, knowledgeable, view! My Dear Mike,

I say ole Bean!! I'm afraid I'll have to disagree with your scholarly, knowledgeable, view!

]]> By: tedbohne http://libertymaven.com/2009/09/24/capitalism-is-not-the-evil-as-michael-moore-would-describe-it/7432/comment-page-1/#comment-4376 tedbohne Thu, 24 Sep 2009 16:51:39 +0000 http://libertymaven.com/?p=7432#comment-4376 as far as the monetary system goes, until fractional banking is beheaded, there will be no stable monetary system. Saddam Hussein found this out the hard way by charging the US in Euros for the some 80% of the crude that the US purchased in the "Oil For Food" program. The US was up the proverbial stump because it couldn't print Euros. Only Dollars which, it seems are becoming unpopular in the world as petrodollars, and reserve currency. Until either people trade in a medium that EVERYONE EXCEPTS AS FACT and is forever enshrined at a specified value with no exceptions, or bases their currency on this "enshrined medium" without exception, then as we are seeing even now, runaway inflation, countries trying to dump their dollars whilst looking for more secure currencies to hold their "house of cards" economies together. It seems until the dollar tanks, and people hopefully pursue at least a stronger economic basis such as above, then it seems a cyclical global economic catastrophe and the ensuing wars which inevitably follow, will be all we and our progeny have to look forward to. as far as the monetary system goes, until fractional banking is beheaded, there will be no stable monetary system. Saddam Hussein found this out the hard way by charging the US in Euros for the some 80% of the crude that the US purchased in the "Oil For Food" program. The US was up the proverbial stump because it couldn't print Euros. Only Dollars which, it seems are becoming unpopular in the world as petrodollars, and reserve currency. Until either people trade in a medium that EVERYONE EXCEPTS AS FACT and is forever enshrined at a specified value with no exceptions, or bases their currency on this "enshrined medium" without exception, then as we are seeing even now, runaway inflation, countries trying to dump their dollars whilst looking for more secure currencies to hold their "house of cards" economies together. It seems until the dollar tanks, and people hopefully pursue at least a stronger economic basis such as above, then it seems a cyclical global economic catastrophe and the ensuing wars which inevitably follow, will be all we and our progeny have to look forward to.

]]> By: tedbohne http://libertymaven.com/2009/09/24/capitalism-is-not-the-evil-as-michael-moore-would-describe-it/7432/comment-page-1/#comment-4375 tedbohne Thu, 24 Sep 2009 16:42:35 +0000 http://libertymaven.com/?p=7432#comment-4375 further, when famous economists are guessing, or admitting they don't know about the workings of capitalism, or what passes for capitalism, it's hard to believe ANYBODY has a real understanding of this economic construct EXCEPT in theory. further, when famous economists are guessing, or admitting they don't know about the workings of capitalism, or what passes for capitalism, it's hard to believe ANYBODY has a real understanding of this economic construct EXCEPT in theory.

]]> By: tedbohne http://libertymaven.com/2009/09/24/capitalism-is-not-the-evil-as-michael-moore-would-describe-it/7432/comment-page-1/#comment-4374 tedbohne Thu, 24 Sep 2009 16:40:11 +0000 http://libertymaven.com/?p=7432#comment-4374 I'm not much into inane commentary, but re: capitalism, there is no historical evidence to support your thesis. I suppose "capitalism" could remain static and still work, but there's no historical precedent to this either. For such a thing to exist, honest human beings would have to be involved through the entirety of the activity, and eventually, lack of materials, or interest would kill it. Continued growth is impossible. Finally in my view, only in theory does capitalism work, and clearly there may be some market forces that are dependable, but because of precedent, for the most part, there are no forces that work ALL the time, and certainly when you need them. The welfare of the people would have to be the prime reason for the capatalistic effort, not the current motivations. I'm not much into inane commentary, but re: capitalism, there is no historical evidence to support your thesis. I suppose "capitalism" could remain static and still work, but there's no historical precedent to this either. For such a thing to exist, honest human beings would have to be involved through the entirety of the activity, and eventually, lack of materials, or interest would kill it. Continued growth is impossible. Finally in my view, only in theory does capitalism work, and clearly there may be some market forces that are dependable, but because of precedent, for the most part, there are no forces that work ALL the time, and certainly when you need them. The welfare of the people would have to be the prime reason for the capatalistic effort, not the current motivations.

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