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Originally Posted by Taltarzac725
It is way too simplistic though. Capitalism assumes that the players in the game are equal. Often they are not. That's when the state needs to step in.
Alexander Hamilton seemed to get that point in The Federalist Papers. Writers of Securities Law, Banking Laws, and Anti-Trust Laws also seem to get that point.
Also not sure how that would apply with a computer making thousands of transactions per minute on Wall Street either. Trading Shares in Milliseconds - Technology Review |
The point is it has been tried and failed, only works in Religious Comunities. The test of giving everyone the average grade of the class was done, the professor said it was the only class he ever failed everyone.
The Mayflower Compact had the Pilgrims sharing all, so no one bothered to work after awhile. It was only after the Pilgrims were allowed to keep their own farm produce and sell what they wanted did the colony thrive, they had so much, they invited the Indians to a feast.
Red China, Vietnam for example are experimenting with capitalism, letting workers sell their own product, and are thriving. At least in the South of Vietnam, North still strict Communist. In the South, they are building fancy beach resorts for example. Socialism holds people back, Capitalism lets them thrive.
Germany used to be very productive until reunification. Too many people expect hand outs ala Harz IV.