Shen BapiroToday at 18:46
But is that really all Pinochet, though?

what do you mean?

I was sort of shifting the conversation over to pinochet rather than free markets, albeit unintentionally

I don't think the free market has failed

It can't anyways

the best way to allocate resources

Like look at Hong Kong

Japan

Singapore

Ireland etc

Like Ireland got 20% gdp growth in 2015 Q1

Top 5 freest economies in the world

so you are okay with whites going extinct

how many more generations will your country remain majority white?

one thing about some of these free economies, sweden isn't on this list but i'll use it as an example

they have less regulation than most countries, but have welfare states

yeah

like less regulation than the united states

hmh

that's actually true in Norway's case, i think

i dont remember which one, but it was one of the Scandinavian countries

Yeah Sweden does

and Norway

and few others actually

@The Big Oof Yeah massive welfare state

I don't think thats a good idea tho

im not really opposed to that if it produces the desired results

40% debt to gdp in Sweden

the problem with these welfare states is that

it keeps people locked in poverty

strain on budget

The war on poverty when it started in the USA. Poverty stopped declining

Then started falling slower

sweden is fucked

The best type of economics is Austrian, Chicago, Monetarist

and return to the gold standard

if you ask me

@Doctor Anon

Monopolies are caused by the state

The state implements regulations which set a higher barrier to entry

I said I can't talk in <#452955220473806859>

Talk here

No that's not what I mean jfc

There is no "natural monpopoly"

the state creates them

I mean I'm done talking, class starting

A capitalist economy ( hasn't existed) won't allow a monopoly to form

Something that doesn't exist will not let something that doesn't exist because that something's unregulated somethingness doesn't exist yet

Makes sense, ciao

State capitalism is a complete oxymoron

This doesn't make sense

Regulations drive up costs, thus prices of goods.

Reduce consumer choice

and increase monopolisation

regulations are purely socialist

@el pebble get ur ass here

I have class

Can't debate me yourself?

Socialism is when the government *owns* the businesses, regulating the privately owned businesses is corporatism or state capitalism.

@sɪᴅɪsɴᴏᴛʜᴇʀᴇ r u fucking retarded I said I have class

@Fingol Corporationism not state capitalism

But yeah it's not always the case for socialism like that

Venezeula is socialist, I don't think the state or workers own the MoP

but it's over regulated

price controls, over regulation etc

Socialism is an economic system based on the collective ownership of the means of production, and Venezuela is not socialist as opposed to popular belief.

The USSR was socialist

Cuba is socialist

North Korea is socialist

@Fingol Venezeula is socialist

they're literally repressed on the economic freedom

index

Let me show you freer/capitalist countries

That doesn't make socialism per se

Yes it does

These are socialist countries

Venezuela is a very shitty country

It's socialist

But it isn't socialist

yes it is

it's business freedom is lower than repressed

Define socialism

almost all of it's economic freedom indicators are the same

Where the means of production are collectively owned by the state or workers

However defining characteristics

can include strong state intervention

which is present in the countries listed above

Yes I know

theres defining characteristics

such as strong state intervention

to the point the "private" companies in Venezuela are state owned

Venezuela has pridominantly private ownership, therefore it is not socialist

Look what I said

it's over state controlled

that is SOCIALIST

any economy on the repressed section is socialist

Socialism isn't just black and white to the point where if there is no state ownership of the MoP it isn't socialist

If the state over controls the economy, it's socialist

Just like the case with these countries

And Nazi Germany too

This is funny

THats not the correct definition

the correct definition is

But you say the the definition for capitalism is correct

Double standards

Just because the state interferes in the economy, doesn't mean that the state owns the businesses

Definition doesn't say that

I said over state interference

google isn't a good way to learn about economic theory

especially when you don't click the article

yes and thats simplified

if you read economics

you would realise it's the free market

thats why there has never been a capitalist economy

Unregulated capitalism is retarded and gay

It is?

thats why the most prosperous countries right now are the most unregulated

hmmmm

Not inheritly

It causes materialism

no, it works fine

Which is retarded

the rapid expansion in the gilded age in USA

was close to free market capitalism

Materialism, and the destruction of the bonds of kinship

Yeah no thats bs

And it was shit

No it wasn't

us changed from a 3rd world country

to a 1st world

Monopoly.

attracting immigrants from all over

Monopolies don't exist

naturally

The state intervenes and causes them

I like capitalism, but only if it doesn't absolutely murder our morals, bonds of kinship, and doesn't reduce us to materialism

Then you don't like capitalism

Sure

as all those problems you listed are nothing issues

imo, I'd have a free market economy, but threaten regulations if they try doing anything sketchy, if they ignore the warnings, completely nationalize them to make an example of them

There would be no need

the free market is best at allocating resources

And imprison owners of corporations if they intentionally harm the populous for profit

For life

Capitalism leads to degeneracy

theres always private police

But I'm not arguing that

I'm saying Nazi Germany was a form of socialism

due to the over state intervention

which is socialist

Yes, Nazis were more socialists

thank you

Execute anyone who tricks the people for profits tbh

It was not because of state control as much as because they tried to prevent owners from gaining profits off corporations in variety of ways

Morals and values should take priority over shekels and capitalism

they won't trick

because the consumers will go to another company

and they'll make a loss

Not always

@Draco It's mostly because of state control

Not when they do discreetly

As is often the case

Boycotts are seldom seen

Well, Free Market =/= Capitalism. A controlled market may be capitalist or socialist.

free market is capitalism

that is the definition

Adam Smith himself

God help lolberts

All lolberts eventually turn natsoc tho

It's inevitable

Which definition?

Free Markets are those markets where invisible hand is at work

he doesn't care if society falls down he just cares about muh free market

Capitalists market are those where people having contributed capital have a stake in profits

The latter has to do with profits and not allocation of resources

way too materialistic

DracoToday at 20:22
Which definition?
Free Markets are those markets where invisible hand is at work

Correct

thats why no capitalist society has existed

But that is not capitalism. Capitalism just relates to profits.

Because there have been Capitalist countries.

No there haven't

theres never been a free market

making a profit =/= capitalism

I did not say that. Capitalism is a system where contributors of capital have a share in profit.

Yes but that does not define capitalism

Well, that is a pretty standard economical view of capitalism. This is also how, it differs from Marx's view of economy.

Marx didn't invent capitalism

No, he did not. Capitalism is, as the name suggests, a system with an emphasis on capital as contributor to goods. Marx used that and made his system in opposition to that

This is government spending in 2009

Business freedom in 2009

Labour Freedom in 2009

Overall Score in 2009

Property rights in 2009

What else happened in 2009

Why are you looking at 2009

what?

The Entire Fucking Zimbabwean Economy Exploded

lol?

that doesn't matter

with the highest Inflation rates in human history

in economic freedom

yeah thanks to socialism

No

Not socialism

It was caused entirely by Unrestricted government spending and printing of money

That was the sole cause

of the Financial implosion in 2009

Yes socialism

printing money

NO

LITERALLY

FUCKING

THAT IS NOT SOCIALISM

SOCIALISM

Every country prints money

capitalism is against printing money

yes correct

no its not

NO COUNTRIES ARE CAPITALIST

kek this is just autism

Austrian economics, Chicago, Monetarists are against printing money

gold standard

some of hte most capitalist countries in the world are teh scandinavian countries

ok

in 1997

The overall score of Zimbabwe and venezuela is at 50%

Just below average

of 55%

WAIT

yes and it was repressed

socialist

SHUT UP AND WAIT

In 1998

It dropped to 30%

yes