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  #76 (permalink)  
Old 10-16-2006
President

 
Member Since: Jun 2004
Location: Wonderland
Posts: 11,084

   
Re: Theoretical Economics

Quote:
Originally Posted by WarOnIgnorance
Those are not the same throughout the world though. Some countries (European ones) have already introduced a Social Balance sheet (which amongst other things does put a numerical value on education) and there is talk of introducing an Ecological Balance sheet which will correct the 'business' result with the cost the company's detrimental effect on the ecology has (if any). It's unlikely however the US (or Canada as far as I know) will follow these ideas so for the thread the narrow definition can be held I suppose.
Granted. My entire understanding of the topic is specifically the 'Anglo-American' model in both respects.

The 'Continent' has always seemed to have been substantially different on these issues. Except the Dutch of course - the only ones that can play it either way it seems. Indeed, the true origin of 'Anglo-American' capitalism (either the technical economic process or the socio-political culture) is in all reality, an 'Anglo-Dutch' one (with an assist from the Genoese & the ancient Athenians).

Quote:
Originally Posted by WOI
Your initial definition already slipped from my mind. Within the realm of your narrow definition there is thus little difference between the shareholders of a corporation and a political party in a totalitarian setting that has complete ownership of the production assets, except that the latter use wage labour directly while the former employ capitalists whom employ wage labour. Correct ?
Correct. The difference is very small and purely theoretical.

Indeed, most people of my viewpoint have always called the Soviets, the Red Chinese, the Cubans, etc., Authoritarian-State-Capitalists. The State attempts to assert a monopoly on capital. The irony of Soviet Five-Year-Plans bragging about how they've increased the capital base of the economy... while the only 'real socialism' is the common poverty of the people.

Funny how the world works sometimes...

Quote:
Originally Posted by WOI
This is very true, and historically unavoidable probably, especially the countries that never experienced a revolution, be it a bourgeois one (France), or a proletarian one (Russia, Ukraine).

Um... France, Ukraine and Russia tend to show some of the strongest 'feudal' tendencies in Europe. Authoritarianism is feudal. Worship/cult of the 'leader' is feudal.

Quote:
Originally Posted by WOI
...However, I would put the UK forward as the country that has the deepest roots in feudality, but admittedly more in their political organization than in their economy.
Again, another irony. Britain has the most obvious and overt feudal system in present existence. Yet it means nothing. Britain is the LEAST 'feudal' nation in Europe when you look at actual corporate behaviour, economic trends, pop culture, social norms, etc.

It would appear that you and I might not be on the same page with a common definition of 'feudalism'. I can assure you my definitions are as strict as those for capitalism.

Nothing about any utopian delusions of the three classes of society working in common harmony... just a specific "military-service for land" relationship (and all that entails).

Quote:
Originally Posted by WOI
As such, I'm not sure the application of 'Brit' to MM is necessarily a good choice, unless Lord Michael is a title you'd care to bear.
It is a username that I've used on many of my older gaming forum sites - though I don't use it any more.

And, as you well ought to know, I started my political life as a rightwing fascist (of the Platonic variety) and have only slowly moved to the moderate middle with age. In the true spirit of Socrates, I would decline the honour - and in the true spirit of Plato, pine for it!

Quote:
Originally Posted by WOI
Don't expect it from me. I hold wage labour as synonymous to serfdom, in all its authoritarian implementations (which does indeed include your narrow defintion of capitalism). It doesn't make much difference to me whether it is a necessary component to capitalism. I reject it as a system that is antithetical to freedom and equality. But for the sake of your goal in this thread I have no problem accepting it as a necessary component.
I fail to see though how this idea is radical. As you set out that capitalism is a purely singular activity, any organization of production amongst more than one person, unless it's anarchistic or some such, would involve wage labour. It's a logical consequence of the defintions is it not. Are the definitions radical then?
It is radical for the reason that Malvolio states (knowingly or not).

Capitalism is both a technically defined 'mode of production' (see OP) and a socio-political system (see the discussion between Malvolio and myself). The logic of the definitions follows from themselves. Radical is only an expression of the human element.

Quote:
Originally Posted by WOI
I will probably bore you to death with pointing out that some doctors and lawyers can and are de facto organized into non-commercial, collectivist organizations that would probably fall outside the idea of doctors or lawyers you have in mind here. But passons.
Yes, it would bore me. French medieval guilds I have studied long.

In US/Canada (but oddly, not UK), doctors incorporate their own private practice.

Quote:
Originally Posted by WOI
Under the definitions set forward in the OP, no, these people do not qualify as capitalists as there is no 'real' production. Obviously I do not consider writing recipes or closing statements as true productive behaviour in the sense of the first definition. And although employing wage labour is present, it makes no difference here, since it's necessary but not sufficient.
Agreed. These types have never been held to be capitalistic. I'm just fishing a bit to see if I can drag anyone else in here, indeed, all my attempts to use one of good old Socrates' tricks always seems to fail...

How about a CEO? Is he or she a capitalist? I'm assuming they have a pocket full of stock options for the purpose of speculation here. (My answer is of course, "extremely rarely", but for all intents and purposes, "no".)
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  #77 (permalink)  
Old 10-18-2006
WarOnIgnorance's Avatar
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Member Since: Nov 2005
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Re: Theoretical Economics

Quote:
Originally Posted by Mad_Michael View Post
Granted. My entire understanding of the topic is specifically the 'Anglo-American' model in both respects.

The 'Continent' has always seemed to have been substantially different on these issues. Except the Dutch of course - the only ones that can play it either way it seems. Indeed, the true origin of 'Anglo-American' capitalism (either the technical economic process or the socio-political culture) is in all reality, an 'Anglo-Dutch' one (with an assist from the Genoese & the ancient Athenians).
I assume you're not talking about contemporary Holland but about the time of naval preeminence and colonial expansion with the East Indian company and such. Present day Netherlands has an immense welfare system called WAO.

Quote:
Originally Posted by MM
Correct. The difference is very small and purely theoretical.
Indeed, most people of my viewpoint have always called the Soviets, the Red Chinese, the Cubans, etc., Authoritarian-State-Capitalists. The State attempts to assert a monopoly on capital. The irony of Soviet Five-Year-Plans bragging about how they've increased the capital base of the economy... while the only 'real socialism' is the common poverty of the people.
The viewpoint of 'your people' is similar to that of 'my people' but my people saw it coming even before it was established. Indeed, Bakunin, Kropotkin, Voline et al decried authoritarian communism as a contradiction in terms and never hesitated to challenge respectively Marx, Lenin and Trotsky about it. As a consequence, the anarchists were as ferociously attacked as the Whites were.
But what do you mean with:
Quote:
Originally Posted by MM
while the only 'real socialism' is the common poverty of the people
?

Quote:
Originally Posted by MM
Um... France, Ukraine and Russia tend to show some of the strongest 'feudal' tendencies in Europe. Authoritarianism is feudal. Worship/cult of the 'leader' is feudal.

Again, another irony. Britain has the most obvious and overt feudal system in present existence. Yet it means nothing. Britain is the LEAST 'feudal' nation in Europe when you look at actual corporate behaviour, economic trends, pop culture, social norms, etc.

It would appear that you and I might not be on the same page with a common definition of 'feudalism'. I can assure you my definitions are as strict as those for capitalism.

Nothing about any utopian delusions of the three classes of society working in common harmony... just a specific "military-service for land" relationship (and all that entails).
Does the following paper suit you for further discussion and the above points ?:
http://www.efm.bris.ac.uk/het/vinogradoff/feudal

Quote:
Originally Posted by MM
It is a username that I've used on many of my older gaming forum sites - though I don't use it any more.

And, as you well ought to know, I started my political life as a rightwing fascist (of the Platonic variety) and have only slowly moved to the moderate middle with age. In the true spirit of Socrates, I would decline the honour - and in the true spirit of Plato, pine for it!
I thought it was rather the Rand variety. We'll see if you are slideable even further away from this youthful sin towards the real enlightened state: anarchism.

Quote:
Originally Posted by MM
It is radical for the reason that Malvolio states (knowingly or not).

Capitalism is both a technically defined 'mode of production' (see OP) and a socio-political system (see the discussion between Malvolio and myself). The logic of the definitions follows from themselves. Radical is only an expression of the human element.
I'll leave those finesses to you two.

Quote:
Originally Posted by MM
Yes, it would bore me. French medieval guilds I have studied long.
I wasn't thinking of them. There are contemporary non-commercial doctors collectives in Europe. They are much cheaper than the organized, institutionalized medical profession.

Quote:
Originally Posted by MM
Agreed. These types have never been held to be capitalistic. I'm just fishing a bit to see if I can drag anyone else in here, indeed, all my attempts to use one of good old Socrates' tricks always seems to fail...
Well, I'm volunteering for the role of Trasymachus, and I could think of a fitting Cephalus and Polemarchus but they'll have to show up spontaneously.

Quote:
Originally Posted by MM
How about a CEO? Is he or she a capitalist? I'm assuming they have a pocket full of stock options for the purpose of speculation here. (My answer is of course, "extremely rarely", but for all intents and purposes, "no".)
That's no fun, when you give the answer in advance. You've mentioned in the OP, point 2 of the NOT-part, that those stock options are irrelevant, so it was no real challenge anyway. How about skipping to the real interesting questions ?
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  #78 (permalink)  
Old 10-30-2006
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,877

   
Re: Theoretical Economics

Factoring out for the subjective externality of morals, does anyone think that a subsidy that pays people to not participate in the labor market, could be used to eliminate poverty (in the form of a lack of income)?

Last edited by danielpalos; 10-30-2006 at 08:12 PM.
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  #79 (permalink)  
Old 10-31-2006
President

 
Member Since: Jun 2004
Location: Wonderland
Posts: 11,084

   
Re: Theoretical Economics

Quote:
Originally Posted by danielpalos View Post
Factoring out for the subjective externality of morals, does anyone think that a subsidy that pays people to not participate in the labor market, could be used to eliminate poverty (in the form of a lack of income)?
No. That just institutionalises poverty and makes it almost permanent. North America and Europe supply enormous amount of data to show this.

It also appears to reduce social mobility at the low end.
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  #80 (permalink)  
Old 10-31-2006
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,877

   
Re: Theoretical Economics

I am not sure how that conclusion was reached. How does receiving an income institutionalize poverty? If we consider (for the sake of this discussion), poverty to be a lack of income, then paying the less productive market participants an income would eliminate that form of poverty.

I am of the opinion that it always depends on implementation. In the hypothetical case of an at-will subsidy, there would be no drag on mobility. A person would be able to live anywhere they choose and receive an at-will subsidy.
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  #81 (permalink)  
Old 10-31-2006
President

 
Member Since: Jun 2004
Location: Wonderland
Posts: 11,084

   
Re: Theoretical Economics

Quote:
Originally Posted by danielpalos View Post
I am not sure how that conclusion was reached. How does receiving an income institutionalize poverty? If we consider (for the sake of this discussion), poverty to be a lack of income, then paying the less productive market participants an income would eliminate that form of poverty.
As I've noted previously, your definition of poverty is entirely designed to produce the conclusion you wish to make. It is circular.

Give a man a fish, you feed him for a day. Teach a man to fish, and he can feed himself.

Your "income" is nothing more than giving away a fish. You feed him for a day (and make him dependent upon your fish-a-day).
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  #82 (permalink)  
Old 10-31-2006
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,877

   
Re: Theoretical Economics

How is receiving an income from the public sector any different than receiving an income from a private sector source? In my view, an income is an income, regardless of source.
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  #83 (permalink)  
Old 10-31-2006
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,877

   
Re: Theoretical Economics

Quote:
Originally Posted by Mad_Michael View Post
As I've noted previously, your definition of poverty is entirely designed to produce the conclusion you wish to make. It is circular.

Give a man a fish, you feed him for a day. Teach a man to fish, and he can feed himself.

Your "income" is nothing more than giving away a fish. You feed him for a day (and make him dependent upon your fish-a-day).
Your analogy only works in a market without a perfectly competivie medium of exchange (money). In the hypothetical case of a state called FishTopia, one fish equals one monetary unit. Thus, give a man one monetary unit per day or let him provide labor input to the economy for his monetay unit is an equivalent.

Last edited by danielpalos; 10-31-2006 at 02:27 PM.
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  #84 (permalink)  
Old 11-01-2006
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,877

   
Re: Theoretical Economics

What do you think of the concept of at-will unemployment compensation in states that have at-will employment laws?
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  #85 (permalink)  
Old 11-10-2006
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,877

   
Re: Theoretical Economics

Quote:
Originally Posted by Mad_Michael View Post
As I've noted previously, your definition of poverty is entirely designed to produce the conclusion you wish to make. It is circular.
As a form of objective metrics, reducing or eliminating a form of poverty (i.e a lack of income), can be easily solved in a more cost effective manner by a welfare-state's promotion of the general welfare by providing access to an income; thus, eliminating a specific form of poverty (a lack of income).

In a market economy, lack of income can be a form of poverty.

Last edited by danielpalos; 11-10-2006 at 07:09 PM.
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  #86 (permalink)  
Old 11-13-2006
President

 
Member Since: Jun 2004
Location: Wonderland
Posts: 11,084

   
Re: Theoretical Economics

Quote:
Originally Posted by danielpalos View Post
As a form of objective metrics, reducing or eliminating a form of poverty (i.e a lack of income), can be easily solved in a more cost effective manner by a welfare-state's promotion of the general welfare by providing access to an income; thus, eliminating a specific form of poverty (a lack of income).

In a market economy, lack of income can be a form of poverty.
As I've noted previously, "income" is self-defining. And that is NOT what poor people lack.

Poor people lack the skills, talents, education, abilities and/or wherewithal to be productively employed. Giving them a 'paycheck' doesn't solve anything.

I repeat:

Give a man a fish, you feed him for a day. Teach a man to fish, and he can feed himself.

Your policy involves giving away fish. It solves nothing.
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  #87 (permalink)  
Old 11-13-2006
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,877

   
Re: Theoretical Economics

In a market economy, what would a poor person lack, if not an income? Would you consider that same person with a million dollar income poor?

Are you implying that a person who receives an income cannot go to school, pursue market friendly forms of happiness, or teach themselves to fish with a store bought fishing rod?

A person receiving a (public sector) subsidy income can do all of the things anyone else who has access to a (private sector) income can do. It is up to the individual to pursue happiness in a manner that is most conducive to their own equilibrium seeking tendencies.

How does subsidizing poverty, for free; teach a man to fish?
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  #88 (permalink)  
Old 11-24-2006
Secretary of State

 
Member Since: Jun 2006
Location: US, California - federalist
Posts: 5,877

   
Re: Theoretical Economics

The public sector can use scale economies to reduce costs, to the private sector, by providing for catastrophic insurance. A complementary use of those economies, would be to fund public sector research and development ventures; based on any metrics provided by any other public sector entity.

A goal of this type of welfare-state public sector venture could eventually reduce the tax burden to the individual consumer of statism.

Last edited by danielpalos; 11-24-2006 at 12:53 PM.
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