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  #136  
Old 08-22-2012, 08:20 PM
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And I'll betcha didn't read half of even one of those articles. But the headlines are cool. Please, continue, though. They all pretty well prove my point. Another goody:

Quote:
way back in 01
And just 10 years later...
The Inevitable Result of Central Planning: China’s Ghost Cities and Malls

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  #137  
Old 08-22-2012, 08:23 PM
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Quote:
Originally Posted by cullennewsom View Post
I know all about mises and lewrockwell, and I don't need you to 'teach' me economics. You could tell me why you think two websites where Austrian economics are commonly favored are relevant to any arguments about our current economic system. We weren't discussing the relative merits of Keynes' theories, were we?
Apparently, you missed the part where you used an extreme example of an almost completely manipulated economy where 7 of 10 of the leading companies are absolutely owned by the state as an example of how a free-market economy would look.
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  #138  
Old 08-22-2012, 08:26 PM
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Quote:
Originally Posted by MagnumPI View Post
And I'll betcha didn't read half of even one of those articles. But the headlines are cool. Please, continue, though. They all pretty well prove my point. Another goodies:

And just 10 years later...
The Inevitable Result of Central Planning: China’s Ghost Cities and Malls
Are you abandoning this position?

Quote:
Originally Posted by MagnumPI
Capitalism is specifically a divorce from government managed trade.
Or are you claiming that the aforementioned links are support that position?
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  #139  
Old 08-22-2012, 08:27 PM
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Quote:
Originally Posted by cmbdiesel View Post
Are you abandoning this position?



Or are you claiming that the aforementioned links are support that position?
I don't know how you gathered that, or read all those articles in such a short time. I mean in the Rothbard article, he specifically cites 2 examples of unfettered trade. China wasn't one.

EDIT:
I see.. We're going to quibble over definitions. From the link you put up
Quote:
the world's most populated country takes yet another step on the path toward capitalism and away from a centrally planned economy.
So yes, that supports my position. Implying that "capitalism" is the polar opposite of centrally planned, or absolute free-trade.

Last edited by MagnumPI; 08-22-2012 at 08:37 PM.
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  #140  
Old 08-22-2012, 08:35 PM
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Quote:
Originally Posted by cmbdiesel View Post
That much is obvious.

from your own sources....

If we are to keep the term "capitalism" at all, then, we must distinguish between "free-market capitalism" on the one hand, and "state capitalism" on the other.
Capitalism versus Statism - Murray N. Rothbard - Mises Daily ....from 09

Welcome to Capitalist China - Jude Blanchette - Mises Daily ....way back in 01

The Rise of Red Capitalism by Jim Rogers

They make a pretty good case for considering China to be capitalist, despite the shortcomings of their respective sites.
Jim Rogers knows a thing or two about economics. No doubt about that.
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  #141  
Old 08-22-2012, 08:42 PM
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Quote:
Originally Posted by MagnumPI View Post
I don't know how you gathered that, or read all those articles in such a short time. I mean in the Rothbard article, he specifically cites 2 examples of unfettered trade. China wasn't one.
not an answer. Do you or do you not stand by your previous statement?

Quote:
Originally Posted by MagnumPI
Capitalism is specifically a divorce from government managed trade.
I believe you are incorrect.

Your own source concedes that there are differing forms of capitalism, yet you cling to a very narrow definition which fits the framework of your arguement.

If we are to keep the term "capitalism" at all, then, we must distinguish between "free-market capitalism" on the one hand, and "state capitalism" on the other. The two are as different as day and night in their nature and consequences. Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at. State capitalism consists of one or more groups making use of the coercive apparatus of the government — the State — to accumulate capital for themselves by expropriating the production of others by force and violence.
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On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST

1983 300SD - 305000
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  #142  
Old 08-22-2012, 08:46 PM
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Quote:
Originally Posted by cmbdiesel View Post
not an answer. Do you or do you not stand by your previous statement?



I believe you are incorrect.

Your own source concedes that there are differing forms of capitalism, yet you cling to a very narrow definition which fits the framework of your arguement.

If we are to keep the term "capitalism" at all, then, we must distinguish between "free-market capitalism" on the one hand, and "state capitalism" on the other. The two are as different as day and night in their nature and consequences. Free-market capitalism is a network of free and voluntary exchanges in which producers work, produce, and exchange their products for the products of others through prices voluntarily arrived at. State capitalism consists of one or more groups making use of the coercive apparatus of the government — the State — to accumulate capital for themselves by expropriating the production of others by force and violence.
I do stand by it. And that ENTIRE ARTICLE goes on to provide why the state is the biggest impediment to capitalism, at any and all degrees. Notice the quotes. Perhaps Rothbard and I use the term capitalism differently. Even still, we're both talking about the same thing. And since I've pretty well made clear what capitalism is and means it shouldn't be an issue. AND since the guy who got this started WAS INDEED speaking of "unrestrained capitalism", this whole line of debate is moot.

What's the title of that article? Oh yeah "Capitalism versus Statism"...

Besides, how is it any different from your cherrypicking(poorly) to defend your position?

Last edited by MagnumPI; 08-22-2012 at 08:57 PM.
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  #143  
Old 08-22-2012, 08:51 PM
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Quote:
Originally Posted by MagnumPI View Post
I don't know how you gathered that, or read all those articles in such a short time. I mean in the Rothbard article, he specifically cites 2 examples of unfettered trade. China wasn't one.

EDIT:
I see.. We're going to quibble over definitions. From the link you put up So yes, that supports my position. Implying that "capitalism" is the polar opposite of centrally planned, or absolute free-trade.
Only quibbling because you chose to define 'capitalism' in a manner inconsistent with it's use and application, and used this definition as the crux of your argument.

Quote:
Originally Posted by MagnumPI
Sure, but it doesn't change the definition. Centrally managed capitalism or state-capitalism is an oxymoron. Calling fascism capitalism doesn't make it capitalism.
I don't believe that you will find any pure economic model to be in existence anywhere in the world. All the worlds economies are mutts.
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On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST

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1984 Toyota Landcruiser - 190000
1994 GMC Jimmy - 203000

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  #144  
Old 08-22-2012, 08:51 PM
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Quote:
Originally Posted by MagnumPI View Post
Apparently, you missed the part where you used an extreme example of an almost completely manipulated economy where 7 of 10 of the leading companies are absolutely owned by the state as an example of how a free-market economy would look.
Sounds like home. Again, we're discussing our real governments and economies. Reality. Not, what your sophomore Econ textbook told you to expect some thirty years ago.
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  #145  
Old 08-22-2012, 08:54 PM
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Quote:
Originally Posted by cmbdiesel View Post
Only quibbling because you chose to define 'capitalism' in a manner inconsistent with it's use and application, and used this definition as the crux of your argument.



I don't believe that you will find any pure economic model to be in existence anywhere in the world. All the worlds economies are mutts.
Covered it the last post, and never said otherwise?
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  #146  
Old 08-22-2012, 08:56 PM
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Originally Posted by cullennewsom View Post
Sounds like home. Again, we're discussing our real governments and economies. Reality. Not, what your sophomore Econ textbook told you to expect some thirty years ago.
What does that even mean? Austrian economics does deal with real economics. AGAIN, I won't teach them to you.
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  #147  
Old 08-22-2012, 09:00 PM
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On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST

1983 300SD - 305000
1984 Toyota Landcruiser - 190000
1994 GMC Jimmy - 203000

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  #148  
Old 08-22-2012, 09:03 PM
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Quote:
Originally Posted by MagnumPI View Post
AND since the guy who got this started WAS INDEED speaking of absolute free market capitalism, this whole line of debate is moot.
If you're talking about me, no, I was not talking about, nor did I say 'absolute free market capitalism' I said unfettered capitalism. As in how would capitalists behave if they were free to do as they wished. Ground Loop seems to think it would be heaven on Earth. I tend to think it would be less than ideal.
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  #149  
Old 08-22-2012, 09:04 PM
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Quote:
Originally Posted by cullennewsom View Post
If you're talking about me, no, I was not talking about, nor did I say 'absolute free market capitalism' I said unfettered capitalism. As in how would capitalists behave if they were free to do as they wished. Ground Loop seems to think it would be heaven on Earth. I tend to think it would be less than ideal.
Actually you said unrestrained. And I apologize for misquoting you. My post has since been changed to reflect that.
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  #150  
Old 08-22-2012, 09:07 PM
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Originally Posted by MagnumPI View Post
What does that even mean? Austrian economics does deal with real economics. AGAIN, I won't teach them to you.
Would you call the Bernank a Keynesian or an Austrian?

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