Capitalism leads to monopolies.

[Buttoneer]

Monopolies lead to price fixing.
Price fixing leads to inflation.
This is where we are.

[cachukis]

1. Succinct.

[walkingman]

2. Preditory Capitalism.....the reason that we need regulation.

[Beartracks]

3. That's why capitalism needs to be regulated like a nuclear reactor needs to be regulated.

Powerful source of dynamic, boundless energy, but without effective regulation to keep it efficient and focused, it will spin out of control, burn hot, and then melt down.

==================

[former9thward]

4. Socialist countries have a monopoly over the economy.

It is the textbook definition of socialism.

[Buttoneer]

7. huh? You're going to have to explain this to me.

Your argument sounds like a repugnican.

[former9thward]

9. Do you have a private definition of socialism?

From the dictionary: On the centralist side are socialists who want to invest public control of property in some central authority, such as the state—or the state under the guidance of a political party, as was the case in the Soviet Union.

All socialist countries have followed this model. Again, do you have a private definition?

[Buttoneer]

13. I believe in government regulation to prevent monopolies and foster competition. Am I a socialist?

[former9thward]

19. That is not what your OP said.

It flat out said capitalism leads to monopolies. Period. We have not had that type of capitalism since the 1890s. Regulation in various forms came with the Progressive Movement which started in 1890.

https://www.loc.gov/classroom-materials/united-states-history-primary-source-timeline/progressive-era-to-new-era-1900-1929/overview/

[Buttoneer]

20. SCOTUS make me wonder, but we agree.

[Buttoneer]

17. What would you call regulated capitalism with a fair marketplace and a safety net?

[former9thward]

18. Regulated capitalism with a fair marketplace and a safety net

Although the definition of "regulated" and "fair marketplace" and "a safety net" is completely subjective.

[surfered]

5. Yes. Bust the Trusts. Where's the FTC?

If not then we’ll end up like Russia and the oligarchs

[elleng]

12. The Push to Fire Lina Khan Reveals a Serious Problem in Silicon Valley.

https://www.democraticunderground.com/1016388348

[Buttoneer]

14. The Biden Administration has bee trying!

[Morbius]

6. Capitalism isn't a bad thing.

Unregulated capitalism is dangerous. Capitalism with rules in place and people with the power (and the will) to enforce those rules is arguably the best and freest economic system there is.

It's an old saying, but it contains much wisdom: everything in moderation. There is an unrecognized virtue which is critically important in government: balance.

[elleng]

11. THANKS

[elleng]

10. UNREGULATED capitalism

[wiggs]

15. someone said ...capitalism is the best system for creating wealth, but one of the worst for

fair distribution.

Too late to search with vigor so might be a paraphrase from memory.

[Simeon Salus]

16. How is Boeing doing, anyway?

Since we have an easy example at hand...

[Xolodno]

21. Of course.

That's how its designed. Likewise, capitalism replaced mercantilism which replaced feudalism. As a society we should not be devoted to an economic system like its a religion. Values and society change and our systems should flow with it.

And capitalism can't survive, in every basic 101 economic text book in the first chapter if not in the first paragraph, resources are finite. Capitalism requires continued growth to function. At some point, those two issues will ram each other head on. May not be in my lifetime, but it will happen at some point. But people who are benfiting in it will have to be dragged away from it kicking and screaming.

But in reality, we live in mixed economies, that are slowly moving away from capitalism. In other nations, not so much....yet.

And I think everyone should get a copy of the Communist Manifesto and put in their bathroom, probably finish it in 2-3 sittings. Bonus, if you run out of toilet paper....

But Karl Marx's volumes of "Capital" are very much valid and there isn't a strong enough arguement to challenge them. If the Nordic, Market or something completely else takes hold in a socialist environment still remains to be seen. As of now, ask 100 economists what socialism looks like, you will get 300 different answers. Nobody knows, we'll just eventually evolve towards it, other nations might be doing so now.

Communism on the other hand (and no, its not socialism), a command economy, won't work until we have Star Trek levels of technology.

[LiberaBlueDem]

22. Capitalism is to blame for the homeless

In the socialist US the road system is the best example
Owned by the state and used by ALL
It is the fundamental item in America