View Single Post
Old 07-03-2007, 12:08 PM   #4
Undertoad
Radical Centrist
 
Join Date: Jan 2001
Location: Cottage of Prussia
Posts: 31,423
Quote:
Capitalism can be seen as a community based system but that is about as realistic as saying Communism is equality.,
At the same time, you don't fully understand Capitalism although you've lived in it (or a reasonable facsimile) your whole life; in the same way that living in the atmosphere doesn't give you any understanding into oxygen.

The community aspect of Capitalism? It's all around you, but you can't see it.

Capitalism has been accurately described as: social transactions in which both sides gain.

Follow me, please. Let's say I have a pen. Let's say you need a pen.

I will not give up my pen, unless I got value for my pen, greater than what I believe its worth is. That's the only way I benefit.

You need a pen, but you will not pay greater than what you believe its worth is. That's the only way you benefit.

So we agree on a price of $2, and I -- believing I am getting a benefit -- give you the pen in exchange for something I value more: $2. And you -- believing you are getting a benefit -- give me $2, in exchange for something you value more -- a pen.

Get it? Capitalism is a series of social transactions, happening constantly, endlessly, in which everybody wins.

It is community-oriented? You betcha! The community, being based of everybody capable of making transactions -- roughly, everybody in the community -- is seeking to get together. Their purpose is solely to make exchanges in which everybody wins. Their result is the market, which determines the accurate prices through an evaluation of what the community wants and needs.

It's all about the community; it creates its own communities, relentlessly and continuously. It rewards those who reward the community the most strongly... providing the most people with the most transactions in which the people feel a benefit. It senses the desires of everyone, not just a few.

Now, in order to prove that Capitalism is faulty, you need to show where the correct price for something is different from what everybody in the system would pay for it.

*Usually* this starts by saying that pens are critical to the survival of the species or that pens are a birthright of every human being. I don't know, but you could substitute "health care" or "education" or whatever in place of "pens", if you feel it makes a stronger example.
Undertoad is offline   Reply With Quote