Big Liberal Lie Exposed., page-175

First 175 Last

Share
Profile

Follow
Archimede$

1,515 Posts.

7

14/01/18

18:24

Post #: 30293189
Share

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

Expand

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.
1 Upvote

Reply

Top Stories

AAU

Antilles brings Chinese ally on board to keep Neuva Sabana work chugging on

CWX

Carawine faces Fraser Range JV collapse as IGO moves to scrap partnership

ILU

Rare earths stocks surge as Pentagon buys big stake in US REE miner

HotCopper Highlights: RIP to Botanix (for now); Droneshield new ATH; Trigg mystery halt

LIS

'Opens doors': Li-S Energy the first Oz company to produce lithium metal foils

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

Trump just dropped a 200% tariff bomb. Here's how to cash in

Week 28 Wrap: Tariff chaos back for some reason; CBA holds strong

VMM

'Big tick': Viridis positions for global leadership with Colossus pre-feasibility study

AII

Inside the depths of Panasqueira: A legacy carved in rock