"Capitalism has been called a system of greed... " - Ayn Rand

Posted by GaltsGulch 8 years, 8 months ago to The Gulch: General
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"Capitalism has been called a system of greed - yet it is the system that raised the standard of living of its poorest citizens to heights no collectivist system has ever begun to equal, and no tribal gang can conceive of." - Ayn Rand


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  • Posted by chad 8 years, 8 months ago
    What is amazing to me is when people to point to the faults of a socialist economy and then claim that is free market capitalism and demand more control and more rules. A failure to understand the language and use of actual definitions and use manipulated definitions makes it easy to confuse the populace and have them make demands on themselves that are destructive.
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  • Posted by teri-amborn 8 years, 8 months ago in reply to this comment.
    Yes.
    Just a heads-up: From time-to-time someone will get a bit "rowdy" and his/her temper gets the best of that person...and a warning is sent from the supervisory board.
    One person that I know of was kicked out for being annoying.

    It can be very amusing, however it's only fair to let you know just-in-case.
    I'm not one to "report" however. I just don't care what people say to me or about me as long as it's based in reality.
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  • Posted by Maritimus 8 years, 8 months ago in reply to this comment.
    When you see that a fallacy repeated innumerable time begins to be accepted as truth, you have a realistic measure of the level of (un)education of the people at large. The real cause is the ideological and malicious intent of the powerful to keep the people in ignorance. Nothing new there for millennia. Remember: knowledge is power.
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  • Posted by LibertyBelle 8 years, 8 months ago
    She herself said that it was futile to try to defend
    capitalism on the grounds that it promotes "the
    common good", even though it does; that people
    will not accept it until they accept a "non-sacrificial"
    morality, and reject altruism. She also once wrote an article (published in "The Objectivist
    Newsletter", after the Goldwater defeat) entitled
    "It is Earlier Than You Think".
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  • Posted by teri-amborn 8 years, 8 months ago in reply to this comment.
    Correct.

    Incidentally, here in the Gulch we don't use that kind of parlance where we assume that someone is unintelligent. We get into discussions of how we think.
    Sometimes it can be challenging and entertaining but we don't belittle each other.
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  • Posted by roneida 8 years, 8 months ago in reply to this comment.
    Charity is not taken away at the point of a gun,,, Charity is totally voluntary with no Government interference. If you wish to donate your money to a charity of your choice...you are free to do so, If I do not want to donate to the same cause, I am FREE TO NOT>> What part of charity do you not understand??
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  • Posted by teri-amborn 8 years, 8 months ago in reply to this comment.
    Those who say that don't have an accurate definition of greed nor charity.
    Force and fraud are antithetical to life.
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  • Posted by $ MichaelAarethun 8 years, 8 months ago in reply to this comment.
    If I were CaoDai she would be a Saint but I would not pray. Just say Than God in any languge for Ayn Rand. Old habits die hard.
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  • Posted by roneida 8 years, 8 months ago in reply to this comment.
    teri-amborn,,,, I read once, If you want to keep what you have earned yourself, You are greedy, BUT, if the government wants to forceibly take your earnings and give them to someone, that is charity??? Hard to understand why this is so....could be a system of obscene thinking called communism>>>>>
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  • Posted by CircuitGuy 8 years, 8 months ago in reply to this comment.
    "I know of no system, governmental or economic or personal that doesn't exhibit "greed""
    This is a powerful point. It's a case of shifting the burden to capitalism. People say we can't have capitalism because there might be cases of people wanting more than their reasonable fair share, whatever that means, as if there were some mythical system where no one ever took more than agreed to or "fair" or whatever the standard is.
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  • Posted by Casebier 8 years, 8 months ago
    If greed is defined as wanting more than one's reasonable fair share of something, then what is "one's reasonable fair share"? Whatever it is, I know of no system, governmental or economic or personal that doesn't exhibit "greed" including socialist or collective systems run by autocrats who pay themselves a multiple of what the average person earns under their rule. "Greed"as part of capitalism, a system that has the greatest opportunity for the creation of new wealth, will always outshine "greed" as a component of socialism or any like system that seeks only to redistribute it.
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  • Posted by Mamaemma 8 years, 8 months ago in reply to this comment.
    Likewise, here are some words that go with capitalism: morality, decency, reality, optimism......all words which also have a negative connotation in today's society.
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  • Posted by teri-amborn 8 years, 8 months ago in reply to this comment.
    True...If you seek the end result of avoiding reality...
    ...which is: to change reality.
    I have lived a life that has taken me into depths of experience that no many have the opportunity to live.
    I am looking in retrospect now and it is an interesting perspective.
    (Something tells me that you have a similar ability and talent.)👍
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  • Posted by roneida 8 years, 8 months ago in reply to this comment.
    teri amborn....Of course you are right, your beliefs are right, if for you.

    I used to be taken to Christian services when I was a kid and I never read Ayn Rand until I was probably 24 +/- I never seriously criticize and religion unless the believers interfere with my country and my freedom from religion.The Catholic nuns I have met over 65 years are the best examples of good deeds, pure motives and honest love...Their motivation is their own business and I never read of one being accused of child molestation.I will defend their rights to believe as they wish as fiercely as I will defend mine. There are other famous and deadly groups for which I will never raise a hand or a vote to help.but probably would seek and destroy given the chance.
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  • Posted by $ MichaelAarethun 8 years, 8 months ago in reply to this comment.
    Many mortals have made tremendous strides in one area or another. Invariably after their death the embellishments begin and many including Victor Hugo have been elevated to supernatural status. Catholic Saints by the dozens, Marx and Lenin, Napolean the Loser and a fistful of US Presidents. So why not Jesus. Yet people who believe do not practice what they preach as atendance in any church will show. You can't claim to be a Christian and work in a used car lot. Victor Hugo is a recognized Saint in the CaoDai sect by the way. Slick Willie in the devotions of the Natinonal Organization of Women. The lesson is the important part learn from it. Apply it. You will get much further.
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  • Posted by teri-amborn 8 years, 8 months ago in reply to this comment.
    No...I think that Jesus is a person not a mental creation.
    I think that too often the Bible isn't read to understand an advanced mind but rather the meaning is overwritten by what people think that it says.
    THAT is the problem here (on both the side of the pseudo-Christian and the folks who want to control them through false guilt).

    Ayn taught me to think in abstractions and that set me free to think for myself. It would help if Christians would learn to adopt that reading method and begin to think big picture.
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  • Posted by roneida 8 years, 8 months ago in reply to this comment.
    teri-ambon... Did I say He was.? Just stating a position on people who want to be perceived as "Pseudo Christians: trying to get OUR government to enforce the religious beliefs so the timid won't have to stand up and be counted as Christians. Donald Trump and Bill Clintons wife? aren't speaking to everyone but they certainly draw comments. Did you ever consider that Jesus might have been created by humans in thanks for being created by his Dad??
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  • Posted by davidmcnab 8 years, 8 months ago
    Capitalism as a system facilitates both the freedom to trade and the freedom to restrict trade.

    For an example of the latter, consider how the medical establishment in the late 19th and early 20th centuries brought about the closure of numerous medical schools, in order to create a scarcity of doctors and thus escalate the fees they could charge.
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  • Posted by Herb7734 8 years, 8 months ago
    Only the ignorant can make that claim. Too bad there is so many of them.
    Morons.
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  • Posted by Blanco 8 years, 8 months ago
    Anyone who loves individual freedom MUST love capitalism, as it is the economic expression of freedom. All collectivist economic systems marginalize the freedom and dignity of the individual and are ultimately doomed to tyranny, inefficiency, poverty and failure.
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