Poll: Capitalism dying? (user search)
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  Poll: Capitalism dying? (search mode)
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Poll
Question: Do you think capitalism will die sooner or later?
#1
Yes
 
#2
No
 
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Partisan results

Total Voters: 73

Author Topic: Poll: Capitalism dying?  (Read 9292 times)
🐒Gods of Prosperity🔱🐲💸
shua
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Posts: 25,691
Nepal


Political Matrix
E: 1.29, S: -0.70

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« on: July 29, 2014, 11:40:06 AM »

Couldn't "capitalism" or "market based" system mean any system exists where people generally are compelled to perform for each other based or some sort of offer acceptance and consideration?

This could all be based on asking whether or not someone is for "human rights" or "freedom".

A market based system is at least in theory based on mutual consent, but capitalism I would understand as involving the use and investment of capital as central to economic activity (though that definition would describe a great many things not usually thought of as capitalism).
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🐒Gods of Prosperity🔱🐲💸
shua
Atlas Star
*****
Posts: 25,691
Nepal


Political Matrix
E: 1.29, S: -0.70

WWW
« Reply #1 on: July 29, 2014, 05:33:29 PM »

Couldn't "capitalism" or "market based" system mean any system exists where people generally are compelled to perform for each other based or some sort of offer acceptance and consideration?

This could all be based on asking whether or not someone is for "human rights" or "freedom".

A market based system is at least in theory based on mutual consent, but capitalism I would understand as involving the use and investment of capital as central to economic activity (though that definition would describe a great many things not usually thought of as capitalism).

What qualifies as "consent" and "capital". If Republicans got their way much of the consent would be through duress and if Democrats got their way much  consent would indirectly implied through the Democratic process

The key is mutual consent, as opposed to collective consent. If someone is commanded to buy or to sell something at a certain rate, that would not be mutual consent between buyer and seller and have no relation to a functional market. Decisions made out of duress on the other hand are not incompatible with a market, though they may be incompatible with a functional economy in other ways.
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