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capitalism may be a new name, but its essentials have been around since trade & private property started - the market was always free until interfered with by monopoly [wealth concentration], regulation, etc - freemarket=trade - wealth concentration [overpay, unjust fortunes, legal & illegal theft fortunes] is the enemy of the freemarket, of capitalism - the founding fathers based american democracy-freedom-justice on the just limitation of fortunes, the breaking up of aggregations of wealth by prohibiting entail & primogeniture, fixing clergy salaries, warning against the corprtn, by opposing the richgetricheretc, moneymakesmoney -
why is it hard to see that wealth=power, overwealth=overpower=tyranny=war? the undemocratic & unjust automatic slow relentless separation of wealth[=power] & work means the highpowered can hire the lowpowered to plunder & die for them, means the injustice will fuel fires of violence [robbers & robbed] - endlessly increasing [as we see in all of history]

2006-10-17 16:45:21 · 5 answers · asked by Anonymous in Social Science Economics

5 answers

Sounds like Communist mumbo-jumbo to me.

2006-10-17 16:49:18 · answer #1 · answered by Anonymous · 0 0

Capitalism requires the rule of law to flourish, specifically well defined property rights. I would also argue that you need a basic level of production where people can think beyond food and shelter for that day/month/year. Capitalism requires accumulating capital, which means you are surviving.

Some would argue that capitalism and private ownership is the solution to world hardship. If people own the capital they have the most to lose from war and destruction. If countries are trading substancially, it is awfully hard to go to war.

Much of the worlds history was not capitalist. Capital (land in most cases) was a birth right handed down among the ruling class. There was very little labor mobility, so the landowners could completely control production and distribution. As society became more mobile, more educated and more centralized that the law began to protect property rights (instead of private soldiers). As the cost of holding capital dropped and the importance of non-land capital increased, you begin to see the formation of modern capitalist economies.

Capitalism inevidably coincides with the development of individual rights, which are normally the result of political reforms.

2006-10-18 02:06:56 · answer #2 · answered by GreenManorite 3 · 0 0

Democracy is not based on capitalism. They are two completely different things.

Democracy is a system of government. It means government by the people and for the people, based on popular vote.

Capitalism is an economic system, based on supply and demand. Nothing necessarily to do with democracy, really. It can co-exist with democracy (as it does in America) but it is certainly not a requirement.

There are such things as socialist democracies.

2006-10-17 23:55:35 · answer #3 · answered by johnlb 3 · 0 0

Tyranny preceded capitalism because there have always been power-hungry tyrants even when money wasn't invented. True, there has always been some type of trade or barter system, but the greed and financial wheeling and dealing nowadays are like on steroids. People are self-serving and greedy, Corporations are the same. But, whether thy wish it to be so or not, the Bible states that The poor will be with you always.

2006-10-17 23:54:49 · answer #4 · answered by worldwise1 4 · 0 1

what?? ok all i know is tyranny is older... the aryans and greeks used it at least once in their life times...

2006-10-17 23:55:06 · answer #5 · answered by bob888 3 · 0 0

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