top | item 11890782

(no title)

adam419 | 9 years ago

One of my favorite quotes I think is relevant to this whole business of capitalism as good/bad/whatever:

"Capitalism is not a system, it's a word invented by some 19th century hipster to describe a situation where people freely buy and sell things" -abbreviated and author unknown

Point being capitalism is not a system....it is THE natural system. All else is a hinderance to it.

discuss

order

doener|9 years ago

If it is the "natural system" why did it emerge only in the 19th century after thousand of years of societies ruled by feudalism and other systems?

brador|9 years ago

Because capitalism requires the protection and preservation of property. This requires an outside party (the government, police force, etc.) to protect the property.

If you can't defend it or feel it is safe then capitalism fails because people hoard instead of spend.

nitwit005|9 years ago

Capitalism isn't a system of governance. There was capitalism going on during feudalism, and every other sort of government and society.

woodandsteel|9 years ago

Actually, what is natural to the human species is foraging by small bands, which is basically cooperative. Capitalism became dominate only when industrial technology made it possible to vastly increase wealth through large economic enterprises. Now with AI technology it looks like capitalism may soon no longer be the way to go.

nitwit005|9 years ago

Even the hunter gatherer societies traded. You'd frequently find people wearing decorative shells far inland.

King-Aaron|9 years ago

> it is THE natural system

This is why almost all other group/pack species in the animal kingdom all have a central leader, because............ it's not the natural order of things. The idea of people being equal enough to contribute is only a recent concept to be fair.