YOUR economic viewpoint...?

[nickshepDEM]

-Laissez faire capitalism- SES 90% Private, 10% State Enterprise
(Under the assumption that there are no monopolies, oligopolies) Young capitalism has a self-correcting mechanism (market mechanism- self adjusting movement of price toward equilibrium b/w supply and demand). There is limited government intervention w/ the exception of police, legal system, infrastructure (roads, highway, bridge, and railroad), foreign policy, military, and public works, and courts.

-Mixed Economy- SES - 60% Private, 40% Public, Big business and big government.
This is still capitalism, but huge private sector is offset by big government. Decisions are made by the bureaucrats, technocrats (nothing to do with techno music), and politicians. To learn more, look up Sir John Maynard Keynes, the father of mixed economy. Both Government and Business can be efficient or inefficient (government efficiency examples for you skeptics- Thiat , Runo )

-State Capitalism- SES- 10% private, 90% Public aka “communist/socialist”
Everyone owns it (but in reality it is a few technocrats or specialist that makes the decisions, not the people). Elite few are in charge; profit maximization is the essential goal of the decision makers. Self interest and material incentive are extremely important (used to motivate).

Inspired from a poll at another forum. Not enough options to fit 0% Private/100% Public, sorry.

[Birthmark]

1. I can't answer in terms of percentage.

Capitalism and socialism are only tools. Sometimes one tool is better than the other, depending upon the purpose.

[Debs]

6. This is exactly my take

I think the argument about capitalism vs Communism or Socialism is like arguing about whether we should take a Ford or Chevy to the top of a hill. With the hill representing a just society. Either can get you there as long as its the goal not the mode of transportation that is the focus. Its a mistake to idealize the WAY to get to a just society to the point you forget that it IS the goal. IF you keep the goal paramount, then you make the adjustments nessasary to attain the goal. When you idealize the MODE of getting there you find it hard to make those adjustments as its like you are compromising on the ideals of the mode and the goal suffers

[unblock]

2. actually i believe in nearly 100% capitalism, BUT

i believe in extensive governmental oversight -- NOT to "make decisions", but to examine the economic transactions and internalize the externalities.

by this i mean, enforce TRUE capitalism, NOT "laissez-faire" capitalism. true capitalism means genuine competition, so lots of trust-busting.

true capitalism also means that only the purchaser and the seller incur the costs and accrue the benefits of any transaction. i.e., no fair polluting someone's without their say-so, or at least, without paying them.

laissez-faire capitalism isn't actually capitalism at all. it's closer to anarchy -- whatever you can get away with. that's the economic model the bushies believe in. "i got mine".


anyway, i votes 50/50, i guess that's as close as i can get on this scale.

[dcfirefighter]

3. No oligopolies is a big IF

but I agree with unblock. And I'm awful pissed at those plutocrats who have given free enterprise a bad name - I feel it's the only sustainable way out of this.

Found a link germaine to the topic: http://www.taxpolicy.com/build.htm

[bemildred]

4. I don't believe in economics. nt

[Trillo]

5. Can one have capitalism without corporatism?

Where is the line between:
corporatism and government?
corporatism and private?