the huge profits generated by the slave trade where one of the main triggers of industrialization and the development of current capitalism.True but not anymore. Also slavery predates laissez-faire capitalism.
the huge profits generated by the slave trade where one of the main triggers of industrialization and the development of current capitalism.True but not anymore. Also slavery predates laissez-faire capitalism.
So do you have any ideas for an economic system or are you going to go on and on about slavery but not come up with anything else?Only because of state intervention.
Your other point is irrelevant seeing as how I did not state that slavery was a result of capitalism.
So do you have any ideas for an economic system or are you going to go on and on about slavery but not come up with anything else?
True.I'm only responding to you who made this discussion about slavery in the first place.
Oh the irony. Saying that I'm diminishing the role of capitalism, yet I've expressed numerous times that I'm for a mixed system and that Laissez-Faire Capitalism is dangerous.That's the aspect of my post you narrowly focused upon and took issue with. You seem to be preoccupied with slavery, or perhaps diminishing the role of Capitalism in the practice.
Fair enough.It's also not my job to come up with economic systems. I can, however, point out that Capitalism is a bad system.
So do you consider state capitalism and socialism to be the same thing?I have a post on the definition of socialism right here:
https://www.thecoli.com/posts/36447412/
The only socialsm I favour is Free Market Socialism. I'm for a mixed economy.
This isn't true.Honestly, people dont understand capitalism. Most of human history has been squalor absolute squalor, no other economic system has increased the standard of living and brought more people out of that squalor than that economy system named capitalism.
Nothing has given rise to more voices of people of lower wealth than capitalism. The mere fact that one is using electricity, on a mobile phone or laptop that has seen its price drop precipitously even though the parts are phenomenally expensive to freely discuss one's ideas is due to the very nature of capitalism. I find that unbelievable ironic!
A lot of people arguing against it, but honestly have never read anything about it and truly dont understand other economic systems to even contrast it properly.
This isn't true.
Most of human history has not been "squalor."
There are complex civilizations from the Americas, to Africa, to Asia and Europe that pre-date capitalism; and the "standard of living" is a capitalism measurement, of course its based in the economic system.
Capitalism has not given voices to "people of lower wealth" its literally silenced them in their own communities, nations, and nation-states. Scientific development was spurred by technological change, this is independent of "capitalism" as you're describing it now.

They can be similar at times but they aren't the same.So do you consider state capitalism and socialism to be the same thing?