Big Liberal Lie Exposed., page-175

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Archimede$

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14/01/18

18:24

Post #: 30293189
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Originally posted by pear ↑

Hi Archimides$

"The major distinguishing factor is who controls the means of production from an economic perspective."

Thank you for replying. At least we are now in a real discussion.

If I may give you what the answer is:

In a capitalist society it is the consumer who has unlimited choices, but constrained by his disposable income who decides what is produced and how much is produced. In a socialist economy it is the state who decides what is produced and how much is produced In other words in a free market the consumer is sovereign.

The real enemies of the free markets are when the consumers do not get choices, ( monopolies and oligopies - think banks and electricity suppliers) and when the wealth of a free country gets more and more concentrated in the hands of a few. (Effective demand falls off because of overall disposable income which leads to cut down in production etc etc. - think the killing off of the middle class in Australia.) And just think now why after about 40 years of not increasing wages with indexation why now people are starting to talk about this being a problem.

Archimides$, love to debate this at an adult level without the left, right B,S. Australia is a mixed economy. All western countries are a mixed economies and there is very little difference between the major parties.

Pear

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Not sure if there is much to debate here:

In a capitalist society you have a free choice as a consumer/client to choose what good and service you want to buy and from which entity; in socialism you don't have such a free market.

In a capitalist society you as an individual can be a part owner of any listed business via acquiring shares; in socialism you don't own anything.

In a capitalist society you are paid for your work according to your ability and talent; in socialism you get the same living wage as everyone else.
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