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| Blogs > CeriosEros > The life & times of Zero Mega |
I heart capitalism (my long rant about the most important and beneficial system in history)
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I heart capitalism (my long rant about the most important and beneficial system in history) I was listening to the Joe Rogan podcast and it happened again. Someone bad mouth capitalism. This time it was his guest John Anthony West. He called it one of the 5 Cowboys of the apocalypse and I never wanted to slap a 85 year old man more in my life. It happens a lot. People don't know what capitalism is they confuse it with imperialism or the worst aspects of human cutely at the expense of other but in reality it's the most effective way man has been able to come up with to expand human well being. Let me explain. Lets me get the basics out of the way first. Capitalism is based on mutual exchange. Not greed or fucking over someone else. Mutual exchange. Lets say that you have a t-shirt I want. The only way I could get that t-shirt from you in s capitalist system is if I offer you something you value more than the t-shirt. Like 20 dollars. I value the t-shirt more than I value the 20 dollars. You value the 20 dollars more than you value the t-shirt so we both leave the exchange better off. That's the elementary school version of capitalism. You can throw other wrinkles in there like at any point someone could offer you the same t-shirt at a lower price and if the first person can't match or lower there prices they go out of business. So that guy has to get creative and find a way to lower their prices or create a new product that people value enough to pay a higher price. That's the elementary school version of the free market. It's a system that time and time again has made countries wealthier and pulled people out of poverty from the first time it was widely used in The UK after the Scottish Renaissance of the late 1500's which turned a relatively small island off the coast of Europe into a global superpower to modern day China who switched from a socialist economy to a free market capitalist economy in the late 80's and is now seeing unprecedented economic growth. The results are always the same. I blame the Russians for capitalism's bad . During the cold war they did a masterful job tying capitalism to imperialism and playing on people's natural aversion to self serving behavior. Say what you will about those commies but they knew how to dish out propaganda. I'll explain why capitalism embracing of self serving behavior is good in a minute but let me get to the difference between imperialism and capitalism. Capitalism is based on mutual exchange I've established that but imperialism is based on force. That's the difference. Lets take the t-shirt exchange. I want a t-shirt just like the last time but this time imagine that I have a gun. You may value the t-shirt more than the 20 bucks but if you don't sell guess what's going to happen. That's imperialism. One person is better off while the other is left poorer. It has nothing to do with the mutual exchange it's all about exploitation. Back in the day when the European powers used imperialism to exploit less developed countries because they believed that their wealth came from superiority when it was really from capitalism. That belief stemmed from the strick class system in Europe from being conquered so many times by different groups like the Romans and Normans. You had to keep a barrier between the group in charge and the locals and also quack scientific disciplines that grew in vogue at the time like eugenics but that's another story. But the Russians took full advantage of this historical data to smear capitalism which we still deal with even after the collapse of the United Soviet Socialist Republic. Finally why self serving behavior is a good thing in a capitalist society. Capitalism is based on mutual exchange. It has built into it a mechanism for both parties to benefit from a exchange so there's no reason to put someone else's needs before your own. There's also a case that people are naturally self serving the first law of nature being self preservation. Which is why we prize altruism because it's not common but that's another story. In capitalism you don't have to be altruistic. You could be selfish and still help others in society. You actually help more people by being selfish than altruistic in a capitalist society. If you had 100,000 dollars you could give it to a charity and help hundreds of people or you could buy a car and help millions. Think about all the people involved in making that car that you will help support by buying a car. Not just the car dealers and manufacturers but the guys who take out the trash at night and wash the windows at the dealership, the steel workers, the engineers, landscapers, secretaries, glass makers, farmers, plastic makers, so many. If you want to blow your mind just consider that everything on a car has to be made. Try to see how many jobs it takes to finish one piece and every time it takes a machine to make something think of how many people it takes to make that machine that it takes to make the original piece and don't forget the building maintenance and upkeep and know that your selfish act ensure all those people can feed their families and that's just one piece of thousands. |
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 I love how you explain capitalism and defend it. 
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A system of capitalism presumes sound money, not fiat money manipulated by a central bank. Capitalism cherishes voluntary contracts and interest rates that are determined by savings, not credit creation by a central bank. Ron Paul
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Too many syllables for my taste. People are strange when you're a stranger."
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Well said , now only if we can make the half of America believe that when you get something for nothing , it isn't free by no means at all ; ie Free College . In fact "Free College" comes at quite the Heavy expense of the people who worked paid taxes and therefore lowered the amount the tax paying citizen has to spend in a free market which would create more and more jobs , instead limits the growth because of the Capital (Money) one has to spend , thus having the weakest economic recovery in the History of the U.S.A. Get off Mommy's couch get your lazy ass a JOB pay your own bills and watch the Country take off , NOTHING IS FREE Somebody's paying for it
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Or, ask your dad, uncle, aunt, cousin, for a job. Nepotism, the American way. People are strange when you're a stranger."
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