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Thu Nov 7, 2019, 08:11 PM

Anti-Capitalist post on DU

Just found this one on DU:

https://www.democraticunderground.com/100212662749

The video embedded has a lot of facts, but the guy never successfully makes the point that the iPhone would have grown from some government funded entity - but the DU crowd seems to take it that way. Anything to try to bash capitalism, it appears.

And a side laugh, one guy in there thinks someone called him a genius, and he sort of tries to sidestep it and then decides he must be a genius.

3 replies, 182 views

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Reply Anti-Capitalist post on DU (Original post)
utvols1 Thursday OP
Magyar Heidinn Thursday #1
utvols1 Thursday #2
Magyar Heidinn Thursday #3

Response to utvols1 (Original post)

Thu Nov 7, 2019, 08:22 PM

1. This lobcock surely denies being a communist.

unblock (43,488 posts)
5. capitalism has its advantages, but the mythology around it is naive at best, nuts at worst.

it's certainly possible, in some cases, that capitalism's incentives encourage people to work hard for the betterment of society, and get a reasonable reward for doing so.

in practice, in many cases, capitalism's incentives simply encourage people to be greedy. *one* way to act on that greed is to work hard for the betterment of society, but without careful and constant regulation and other governmental actions to align incentives with social betterment, it is often possible to take advantage of various points where the reward is larger than the contribution to the betterment of society.

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Response to Magyar Heidinn (Reply #1)

Thu Nov 7, 2019, 08:29 PM

2. Wow

Missed that - wonder how that person would ensure that "careful and constant regulation and other governmental actions to align incentives with social betterment" would work? Not even sure I understand what that means, but I'm sure some government hack would kill the product based on that concept.

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Response to utvols1 (Reply #2)

Thu Nov 7, 2019, 08:31 PM

3. Violence

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