How does one produce?
Photosynthesis.
How does one produce?
in regards to your original question: economics is the distribution of power and utility. a business is designed to distribute value in the most effective and efficient means possible and sometimes to create entirely new value, and they have a very strong incentive to do this: PROFIT. however, there are a few rules in any lawful society.
1) no stealing
2) no violence
3) no controlling of other people through force or intimidation
4) respect people's right to go after their own goals, their own ambitions, their own desires and their own self interests, as long as they don't stray from the first 3 rules. that's where a legal system comes in
"my right to swing my arms stops where my neighbor's nose begins" so to speak.
5) man is entitled to the fruits of his own labor, and to no one elses. there is no such things as entitlement.
this is pure and unadulterated economics as allowed it's true existance by capitalism. under such conditions, value will be continuously redistributed efficiently and new value will be created, allowing for a cyclical trend of rapid economic growth as long as this system remains undisturbed.
corporatism is a corruption of real capitalism because of the interaction between government and economics which leads to lower productivity, higher taxes for the productive and lower taxes for the unproductive, lobbyists, cronies and corrupt businessmen who are the puppetteers or politicians.
2) no violence
must be some good sandwichesYeah right I know this guy he rented a small space to sell sandwiches and got beaten up by the competition. Literally.
Now...if one get's his ass kicked for selling sandwiches...imagine the big picture.
must be some good sandwiches
Wha....? to the bolded
Sorry, do you believe this is how capitalism actually works in practise? Or are you just talking about it in an idealistic way?
These things don't actually happen irl for the majority...
Can you tell me one multinational that adheres to these rules? name it.
As for point 5 i'm confused by this as it seems like you are talking about individuals and not organisations/corps/etc
Yeah right I know this guy he rented a small space to sell sandwiches and got beaten up by the competition. Literally.
Now...if one get's his ass kicked for selling sandwiches...imagine the big picture.
Yeah right I know this guy he rented a small space to sell sandwiches and got beaten up by the competition. Literally.
Now...if one get's his ass kicked for selling sandwiches...imagine the big picture.
um.... my point exactly. the fact that those guys who beat him up didn't get arrested and got away from that scot free shows that there are HUGE problems with out legal system.
Singapore, at least that's what several international investors say on their forums
PS: capitalism doesn't work like this because the legal system does not support it. you do have to make the bolded list illegal after all (which is more complicated than it sounds, but 1/100th as complicated as our own legal system in america.
Singapore what? Do you mean the country or a company? I asked if you knew a multinational or huge corp which actually employs these idealistic rules that you mention. I don't know of a co. called Singapore so you'll have to link me to a page. If you just mean how capitalism works in Singapore i call bs.
http://openlearn.open.ac.uk/mod/oucontent/view.php?id=397944§ion=1.4.2
as I have stated previously, I am opposed to corporations and believe them to be a breach of proper capitalism. please do not equate capitalism with corporations.
Wait... I'm confused about morally justifying stealing from corps. If you steal from a corp.. don't they usually just raise prices to offset losses? So in effect your stealing from your fellow consumers?
Morally, the situation is very complex.