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Friday, 6 March 2020
quote [ After a volatile day of trading on Wall Street Thursday precipitated by ongoing fears of the economic effects of the global coronavirus outbreak, CNBC analyst Rick Santelli suggested it would be better to infect the world population with the disease all at once to help stock prices. ]
Sure why not - 32 million deaths worldwide at the current mortality rate is a small price to pay for for a handful of billionaires stock portfolios.
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steele said @ 7:03pm GMT on 7th March
Very, very, rough answer:
Capitalism is when the people who have the capital (the means of production: Mounds of cash, tools, buildings, IP, etc) make the rules. Free market is the claimed utopian existence of it, but anyone who actually pays attention to how these things work notice that as soon as an entity gains enough leverage over the market, the market becomes anything but free.
Neoliberalism is a capitalist economic ideology that the only purpose of the government should be to enforce private property. Most US politicians are neoliberal whether they know it or not. This is because much of US education and media have over the past 6 decades or so been bought up or out by neoliberal forces (read Koch Brothers).
Socialism is when the workers own the capital and make the rules democratically. People tend to get paid the same because all workers are part owner of the company.
State Capitalism is what people typically think of as socialism (or even sometimes communism) where the State asserts power over the market often in the form of state owned services which are controlled through democratic control of the state. The most ideal form is the planned market where inefficiencies of production and deliveries are nullified through massive data crunching. Walmart and Amazon's internal logistics and shipping are pretty good example of a privately owned Planned Markets.
Communism is a kind of a stateless form of socialism. Trying to pin it down is kind of iffy because of how many theoretical takes of what it would look like. It tends towards a post-scarcity style of society where personal property is allowed, but private is not. IOW, you get to be a person with your own life and things, but you don't get to be a money hoarding dragon, basically.
You wouldn't know it from looking at US politics but historically, the left-right dynamic is basically Workers vs Capital. Democratic control vs Oligarchical control. The problem is in America we're so far to freaking right that even our representation of the left is still Oligarchical. Zinn's A People's History of United States is a great read on the struggles of the people through US history and is often the story of the workers. It's fascinating the way much of that history has been erased. As an example, I was just chatting on Instagram with someone how Redneck was a term used to self-identify by protesting coal miners in the 1920's but popular culture suspiciously transformed it into a derogatory term in the decades to follow.
steele said @ 7:04pm GMT on 7th March
Very, very, rough answer:
Capitalism is when the people who have the capital (the means of production: Mounds of cash, tools, buildings, IP, etc) make the rules. Free market is the claimed utopian existence of it, but anyone who actually pays attention to how these things work notice that as soon as an entity gains enough leverage over the market, the market becomes anything but free.
Neoliberalism is a capitalist economic ideology that the only purpose of the government should be to enforce private property. Most US politicians are neoliberal whether they know it or not. This is because much of US education and media have over the past 6 decades or so been bought up or out by neoliberal forces (read Koch Brothers).
Socialism is when the workers own the capital and make the rules democratically. People tend to get paid the same because all workers have equal ownership of the company.
State Capitalism is what people typically think of as socialism (or even sometimes communism) where the State asserts power over the market often in the form of state owned services which are controlled through democratic control of the state. The most ideal form is the planned market where inefficiencies of production and deliveries are nullified through massive data crunching. Walmart and Amazon's internal logistics and shipping are pretty good example of a privately owned Planned Markets.
Communism is a kind of a stateless form of socialism. Trying to pin it down is kind of iffy because of how many theoretical takes of what it would look like. It tends towards a post-scarcity style of society where personal property is allowed, but private is not. IOW, you get to be a person with your own life and things, but you don't get to be a money hoarding dragon, basically.
You wouldn't know it from looking at US politics but historically, the left-right dynamic is basically Workers vs Capital. Democratic control vs Oligarchical control. The problem is in America we're so far to freaking right that even our representation of the left is still Oligarchical. Zinn's A People's History of United States is a great read on the struggles of the people through US history and is often the story of the workers. It's fascinating the way much of that history has been erased. As an example, I was just chatting on Instagram with someone how Redneck was a term used to self-identify by protesting coal miners in the 1920's but popular culture suspiciously transformed it into a derogatory term in the decades to follow.
<-- Entry / Current Comment
steele said @ 7:03pm GMT on 7th March
Very, very, rough answer:
Capitalism is when the people who have the capital (the means of production: Mounds of cash, tools, buildings, IP, etc) make the rules. Free market is the claimed utopian existence of it, but anyone who actually pays attention to how these things work notice that as soon as an entity gains enough leverage over the market, the market becomes anything but free.
Neoliberalism is a capitalist economic ideology that the only purpose of the government should be to enforce private property. Most US politicians are neoliberal whether they know it or not. This is because much of US education and media have over the past 6 decades or so been bought up or out by neoliberal forces (read Koch Brothers).
Socialism is when the workers own the capital and make the rules democratically. People tend to get paid the same because all workers have equal ownership of the company.
State Capitalism is what people typically think of as socialism (or even sometimes communism) where the State asserts power over the market often in the form of state owned services which are controlled through democratic control of the state. The most ideal form is the planned market where inefficiencies of production and deliveries are nullified through massive data crunching. Walmart and Amazon's internal logistics and shipping are pretty good example of a privately owned Planned Markets.
Communism is a kind of a stateless form of socialism. Trying to pin it down is kind of iffy because of how many theoretical takes of what it would look like. It tends towards a post-scarcity style of society where personal property is allowed, but private is not. IOW, you get to be a person with your own life and things, but you don't get to be a money hoarding dragon, basically.
You wouldn't know it from looking at US politics but historically, the left-right dynamic is basically Workers vs Capital. Democratic control vs Oligarchical control. The problem is in America we're so far to freaking right that even our representation of the left is still Oligarchical. Zinn's A People's History of United States is a great read on the struggles of the people through US history and is often the story of the workers. It's fascinating the way much of that history has been erased. As an example, I was just chatting on Instagram with someone how Redneck was a term used to self-identify by protesting coal miners in the 1920's but popular culture suspiciously transformed it into a derogatory term in the decades to follow.
