• Congratulations to the Class of 2024 on your results!
    Let us know how you went here
    Got a question about your uni preferences? Ask us here

Capitalism or Communism? (1 Viewer)

Status
Not open for further replies.

boris

Banned
Joined
May 6, 2004
Messages
4,671
Gender
Male
HSC
2007
bassistx said:
I will come back to this. I need to pee and this is going to take a bit lol.
But I meant that in a communist system, health care would be free, I wasn't referring to it in any other way.
Our health system, for the majority is free. It's also fucking shit and run by a bunch of raving lunatics.

Free doesn't equate to good.
Generally, you have to pay extra if you want quality service. Shocking, I know
 

boris

Banned
Joined
May 6, 2004
Messages
4,671
Gender
Male
HSC
2007
zimmerman8k said:
and if you feel like something that tastes good its a long drive to Sydney.
you shouting me lunch dom? bring ari.
 

sam04u

Comrades, Comrades!
Joined
Sep 13, 2003
Messages
2,867
Gender
Male
HSC
2006
Schroedinger said:
Africans sold other Africans into slavery. I think the notion of the white slavers coming over and acting entirely autonomously, like poachers, was waved down the river a long time ago.
Are you trying to justify the "purchase" of other humans? War lords, traded africans cheaply for uniforms and guns, with which they increased the size of their territory,

Brits and Indians co existed peacefully for 50 years, and many groups of indians helped the Americans in the battle against the Redcoats. Genocide came later.
It's official. You're stupid.

If you're any scholar of Austrian economics, it can almost certainly be demonstrated that the business cycle, and thus depressions, are caused by central banks and the unsustainable fiat monetary system.
Basically a depression is when people figure out that the banks are making money out of thin air (after subsequent recessions), and that they really don't have all the money they think they have.

Every dollar that goes into a bank is split three ways and spent/loaned somewhere else.

e.g; Somebody puts $1 into a bank. The bank loans $1 to a third party. The bank then trades another doppelganger dollar of the one you put into the bank earlier for a bond (which is another loan made by a fourth party).

It's really not a customer/bank relationship.
It's basically a major shit-storm.

And judging on the trends, we'll see another depression. Probably in our lifetimes.
 
Last edited:

withoutaface

Premium Member
Joined
Jul 14, 2004
Messages
15,098
Gender
Male
HSC
2004
sam04u said:
Basically a depression is when people figure out that the banks are making money out of thin air (after subsequent recessions), and that they really don't have all the money they think they have.
This is EXACTLY what he was trying to say.

Fuck.
 

Nebuchanezzar

Banned
Joined
Oct 14, 2004
Messages
7,536
Location
Camden
Gender
Male
HSC
2005
There ought to be like, a limit on the amount of posts between posts and whatever. I ain't going back and reading all that.

btw: communism>capitalism.

bai! :D
 

sam04u

Comrades, Comrades!
Joined
Sep 13, 2003
Messages
2,867
Gender
Male
HSC
2006
withoutaface said:
This is what he was trying to say.
Fuck.
But he supports Captialism right? Private banks do this shit. A good national (publically owned) bank on the other hand, wouldn't.

Unless I know alot less about economics than I think I do. (Which is quite likely.)
 

withoutaface

Premium Member
Joined
Jul 14, 2004
Messages
15,098
Gender
Male
HSC
2004
If private banks were to create their own money it would need to be backed by shares (with shares themselves being backed by a percentage of the produce of those who bank with them) or gold. The government backs their money with worthless acts of parliament.
 

bassistx

Member
Joined
Sep 9, 2007
Messages
985
Location
Sydney
Gender
Female
HSC
2008
1. I said they almost have a monopoly if you go back x pages
2. These big companies are able to sponsor large sums of money to political parties which I would have no affiliation with in a million years
They spend more on these things than they ever will on charity. The charity is just to make them look good, we all know that.

Think of the big picture. It's not just about food choices. These companies have power. Power in the wrong hands imo.

williamc said:
Consumers are spending more than they should be.

The goverment is contradicting the moves made by the central bank to slow down our economy, by lowering taxes and boosting expenditure, to which interest rate movements havn't had the same economic effect to which they should have.

They are inefficent because labour costs to much in australia.
Let's pay them 60c an hour instead.
I'll get back to you on the rest.

zimmerman8k said:
and if you feel like something that tastes good its a long drive to Sydney.
To Newtown to be more specific.

There's a lot say, but I've gotta go write 300 words Italian. So tomorrow... Ciao! :)

ps I'll bring my textbook too ;)
 

withoutaface

Premium Member
Joined
Jul 14, 2004
Messages
15,098
Gender
Male
HSC
2004
zimmerman8k said:
I don't get it Dan, are you saying that money should be convertible to something like gold?
I say shares, but having it backed by anything gives the money an inherent value which improves stability.
 

^CoSMic DoRiS^^

makes the woosh noises
Joined
Jan 13, 2005
Messages
5,274
Location
middle of nowhere
Gender
Female
HSC
2006
bassistx said:
1. I said they almost have a monopoly if you go back x pages
2. These big companies are able to sponsor large sums of money to political parties which I would have no affiliation with in a million years
just because you wouldn't affiliate yourself with them, doesn't mean it's wrong. if they sponsored a socialist party would you have a problem? As for the charity, charity for publicity is better than none at all.
 

williamc

Active Member
Joined
Sep 6, 2006
Messages
1,398
Location
Sydney
Gender
Male
HSC
2007
bassistx said:
Let's pay them 60c an hour instead.
I'll get back to you on the rest.
The wages they pay are suffice to provide a standard of living to which they can survive.
 

sam04u

Comrades, Comrades!
Joined
Sep 13, 2003
Messages
2,867
Gender
Male
HSC
2006
withoutaface said:
I say shares, but having it backed by anything gives the money an inherent value which improves stability.
What system do we currently have? And how would a change effect the economy/banking in general?
 

withoutaface

Premium Member
Joined
Jul 14, 2004
Messages
15,098
Gender
Male
HSC
2004
We have money backed by acts of parliament, which means it only has as much value as people have confidence in their government. Having a capital resource behind it would effectively end the cycle of booms and busts.

Nolan: You still up for drinks tomorrow?
 

withoutaface

Premium Member
Joined
Jul 14, 2004
Messages
15,098
Gender
Male
HSC
2004
Nebuchanezzar said:
Is it a capitalist pig drink session only lol?
He owes me beers because he got pussywhipped and ditched me on Friday, but you're welcome to join.
 

sam04u

Comrades, Comrades!
Joined
Sep 13, 2003
Messages
2,867
Gender
Male
HSC
2006
Schroedinger said:
Your motivations and political leanings come from empathy and a good-nature.

OURS COME FROM LOGIC AND SCIENCE.
Empathy is logic, buddy.
 

withoutaface

Premium Member
Joined
Jul 14, 2004
Messages
15,098
Gender
Male
HSC
2004
Schroedinger said:
We can go at talkin' about cowboys and injuns, but even the best cowboys get daddy issues and even the best injuns have identity crises, some of them becomin' injuns.
Wasn't that the point of brokeback mountain?
 

Comrade nathan

Active Member
Joined
Mar 30, 2004
Messages
1,170
Gender
Undisclosed
HSC
2004
Quote from page 33

withoutaface said:
Africa is fucked because successive centuries of governments have denied the population the chance to thrive. If you look at the US they started with absolutely nothing, but the founding fathers were relatively liberal minded people who believed in the entrepreneurial spirit, and, from that, wealth was created all by itself. The great depression was the first blot on its political history, and that was because of the centralised banking system. Had that not been enacted, the New Deal would never have been necessary.
What utter idealistic bullshit. Wealth doesn't just grow from nothing.

No matter where you look in the early capitalist era, you will always find that when typicaly European nations progress, it is the through the expliotation of other nations and people.

In the case of AmeriKKKa, it is the Black nation whose labour was exploited through open slavery. Then the native nations which suffered the most at the hands of settlers, who were killed and robed of their land, or in some cases signed treaties which amounted to nothing. Also consider the various colonialist adventures, Peurto Rico, North Mexico etc. And then only through the expliotation of their own wage earners (later when Black slaves were incorporated into modern capitalism) did Euro AmeriKKKa emerge.

The benefit the settlers had was a new form of expliotation, which is capitalism and this would dominant the native peoples. What you say is correct. The settlers did have alot of progressive ideas, and nearly every nation that was fighting wars of liberation against Spain mostly, and even Cuba, looked towards the ideas coming from the newly formed USA.

Though to claim wealth can came from nothing, is to ignore history. Which is something capitalist inevitable do, as it is never on their side.
 

boris

Banned
Joined
May 6, 2004
Messages
4,671
Gender
Male
HSC
2007
bassistx said:
1. I said they almost have a monopoly if you go back x pages
You either have a fucking monopoly or you don't. There is no 'almost a monopoly'. Either McDonalds monopolises the food industry or it doesn't.
 

williamc

Active Member
Joined
Sep 6, 2006
Messages
1,398
Location
Sydney
Gender
Male
HSC
2007
boris said:
You either have a fucking monopoly or you don't. There is no 'almost a monopoly'. Either McDonalds monopolises the food industry or it doesn't.
Lol.

New terms bassitx that your business studies textbook doesn't have:

Duopoly- where two producers control the market.
Oligopoly- a small number of large firms dominate the market (what you might be refering to)
 
Status
Not open for further replies.

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top