"Capt. JG" wrote in message
newsYudnZbFvawqtNfVnZ2dnUVZ_vSdnZ2d@bayareasolut ions...
"Road Rage!" wrote in message
...

"Capt. JG" wrote in message
easolutions...


This the Univ. of Chicago style of argument that has been shown over and
over to not work (if you're interested, there are lots of examples out
there, the justification for Iraq war included). Capitalism must be
moderated with a societal safety net in order to take full advantage of
its benefits. "Pure" capitalism doesn't work as advertised.

Where has it been shown not to work? Give one real example of a laissez
faire economy that demonstrated this over at least a two decade span.
Tell us what "working" is.

Well, sockpuppet, I suggest doing some reading. I'm sure you're head will
explode, but Naomi Klein wrote a very nice book about it... Disaster
Capitalism.

One problem with that book is that it fails to distinguish between economic
and political systems. Did you find that also?



Capitalism can have and has had private safety nets without government
intervention.

Can and does/have are two different things.

Yes they are. There were no government safety nets before 1900 in the US. It
was all private. Social inequality and suffering exploded when government
got involved in the charity industry. Such safety nets as the "war on
drugs", the "Great Society, the "New Deal" resulted in even greater
incarcerations for victimless crimes, increased poverty and crime. The New
Deal was the greatest environmental disaster the world has ever seen.



What is "pure" capitalism and were has it existed?

Unfettered capitalism. No gov't rules/regs. It hasn't existed, but it's
been attempted.

The lack of a government is needed for unfettered capitalism. Under
unfettered capitalism there would be no war, taxes pay for war. The
existence of government is why unfettered capitalism will never exist.


Chile comes to mind under that paragon of humanity Pinochete. Even he
couldn't do it, although he tried.

Nice slam. Why not bring up FDR and the internment camps or Truman and the
nuking of Japan and innocent people as examples of the outcome of
capaitalism when controlled by the left?



What schools of economic thought preceded the "University of Chicago"
style of argument on which the U of C arguments are based?

Keynesian... http://en.wikipedia.org/wiki/Keynesian_economics

Vs. http://en.wikipedia.org/wiki/Milton_Friedman


Clueless! Go back a few hundred years:

http://en.wikipedia.org/wiki/Fr%C3%A9d%C3%A9ric_Bastiat

http://en.wikipedia.org/wiki/Friedrich_Hayek

http://en.wikipedia.org/wiki/Ludwig_von_Mises

http://en.wikipedia.org/wiki/Adam_smith

Did your head explode yet?


The thing you fail to realize is that there is only one economic system.
What exists in the world today are distortions of that system by political
systems and they will all fail, some will take longer than others.
Politicization of the economic system will eventually end it. Politics in
science is no longer science, politics in education becomes indoctrination,
politics in social systems increases misery, politics in anything destroys
it.

So why do so many look to politicians and lawyers to solve society's ills?
Especially since politicians and lawyers are held in such low regard?