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  •  Capitalism Merely Maximizes Profit (4+ / 0-)
    Recommended by:
    debedb, nobody at all, beatpanda, imchange

    Capitalism's fundamental law, "supply and demand", is merely an efficient way to set prices, not values. It is a way to determine how much profit a supplier requires, down to which they will lower prices, balanced by how much of that profit the market will pay to get it if in competition with someone else paying. It's the profit that is controlled by the supply vs demand ratio.

    "When the going gets weird, the weird turn pro." - HST

    by DocGonzo on Mon Dec 01, 2008 at 03:38:02 PM PST

    •  Capitalism - Monopolies (4+ / 0-)
      Recommended by:
      Odysseus, etherapy, DocGonzo, FarWestGirl

      Capitalism breaks down when you have monopolies. We have had eight years of replacing capitalism with monopoly corporationism.

      •  State Capitalism versus Socialism. (5+ / 0-)

        Capitalism's drive to maximize profit leads the big fish to devour the small fish, as we see in our media and banking industry right now, thus increasing the concentration of capital into the hands of a small group of people.  These folks now also control our government.

        This same phenomenon took place in Russia and China where the top party officials controlled both the means of production and the government.

        While the means of production were owned, nominally, in the name of the "workers's state", the actual workers had no control whatever about what was produced or how it was produced.

        What we are seeing in the U.S. today is control of our government in the effective hands of a relatively small group of capitalists, who are operating through their surrogates -- the George Buses and George Cheney's.  ( And, unfortunately, Obama looks to heading in the same direction, albeit he will attempt to ameliorate some of the worst excesses of the capitalist system, as did Roosevelt.)

        We need to return control over production to those who are producing and enable them to produce for social needs, not for the greedy bottom line of profits before people.

        Here in Venezuela, thousands of worker-owned cooperatives are being created, assisted by low or no interest loans from the government.  This is a major step on the way to putting control back in the hands of those who are producing.  (Likewise here, control over community decision-making is being placed in the hands of democratically functioning community groups and taken out of the control of the upper classes).

        The problem, of course, is that the world market makes it very difficult for one country to opt out of the capitalist system.  This is why Chavez is doing all he can to create a unified socialist banking system and independent economy for South America.

        With the advent of the internet and, hopefuly, universal access to an unfettered internet, we have the infra-structure for the broadest possible democracy. Given this new means of universal communication, it will be possible to organize ourselves to totally re-structure our economy.  It is going to be a long and brutal battle of ideas, but it is now possible.

        We're taking our country back. Si, Se Peude!

        by Justina on Mon Dec 01, 2008 at 04:58:55 PM PST

        [ Parent ]

        •  Recc'd for "here in Venezuela" (3+ / 0-)
          Recommended by:
          decafdyke, etherapy, RubyGal

          but,

          We're taking our country back.

          Are you Venezuelan or American? Or both?

          ¡O Bailan todos, o no baila nadie!

          by beatpanda on Mon Dec 01, 2008 at 05:06:39 PM PST

          [ Parent ]

        •  Chavez has definately been changing things (3+ / 0-)
          Recommended by:
          Justina, etherapy, offgrid

          I would like to live in Venezuela or Brazil..Curitiba, Brazil is interesting..

          I think that Chavez scared Americans.. in a knee jerk way, because he embraced Cuba and Fidel..there are people here on Daily Kos who jump all over you if you mention Chavez in a positive way..

          We need to learn from the Latin American models..that is what I have been saying for years here on Daily Kos, and got hammered for it..but it is still true..I think we can turn this thing around if we study the Latin American models being developed by Chavez and others..

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