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05/03/2009

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JohnJ

Social Darwinism, of course, was the idea that the government should take an active role in purging the undesirables from society. A government that neither purges nor subsidizes is an individualist government where all people are treated equally by the government, regardless of race, class, etc. Too many people argue that anything other than a welfare state is Social Darwinism, and that's just not true.

Mitoman

John Galt, you've never taken consideration that ideal capitalism would only function under unlimited resources, when resources are on shortage, the limitation for what can be produced reduce as well. This will lead into something that Atlas Shrugged did not take into consideration.

John Galt

LOL. That ridiculous argument overlooks the fact that all of the alternatives to capitalism rely on the same factors of production, and would also have to overcome the same challenges.

Additionally, economics presumes that everything of value is already scarce.

Considering that capitalism (your word, not mine) already outperforms the alternatives at the current level of scarcity, why on Earth do you think any alternative to capitalism would be more productive if scarcity increased?

Mikm

I am a staunch believer in capitalism (as I take it that means the right to sell something for a barter-able resource). I also feel that nothing is ideal... how silly would that be. As such capitalism like any system of economic operation fails if the scarcity of the resource isn't adequately represented in the cost of the good. Perhaps that is currently seen as the capitalistic outlook on resource availability looks infinite, or is at least limited by socio-economic factors (Not true for some). Rest assured, that as Mitoman references, scarcity will drive the price of goods up as the supply and demand curve transitions from the theoretical to the realistic. I have a lot more faith in the methods of corporate capitalism (call it greed in this case) to increase the cost as the quantity of the natural resource is gone. Government based control is to open to political pressures and resource scarcity inflation by special interest groups (for good or bad). Perhaps there does need to be a government oversight that evaluates the VERY long-term scarcity to protect the future-future generations from our short sighted gain assessments imposed by both our capitalistic acquisitions and our special interest over reactions. There is a balance- it has no yet been found...

John Galt

You're making the same mistake he's making, assuming that some alternative to capitalism (or, as I call it, freedom) would be immune to a hypothetical shortage, or that it would be more effective at rationing.

In fact, governments are less likely to conserve, and less likely to allocate efficiently. Politicians, bureaucrats, civil servants are all incredibly risk averse, and therefore less likely to innovate and improvise when reality prohibits doing things "the way they've always been done."

I do not believe we are anywhere near "running out" of any natural resource -- not for many generations, and hundreds of years. A resource never "runs out" under capitalism, anyway. It just gets more expensive until some substitute becomes the most economical choice, replacing it as the standard. This happens because capitalism is sensitive to market forces -- much more so than government is.

But just for fun, let's imagine a liberal's nightmare, where capitalism has extracted everything from the Earth, and nothing is left. If necessary, we will get everything we need from landfills. You see, the fact that we throw things away carries a hidden message about many natural resources: they are so plentiful that it is cheaper to dig up new ones than it is to recycle old ones.

If someday that changes, it will be capitalists working for profit, and not socialists pursuing folly, who you will want turning yesterday's garbage into tomorrow's goods.

JohnJ

Oh, now that was good.

Aaron B

Wow, what a load of truth and reason that was (especially this latest comment rebuttal). Thank you, sir. A new daily-read bookmark is born.

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