THOUGHTS ON CAPITALISM

Capitalism versus SovietismSocialism

The Inclosure System and Class warfareLaissez Fair Capitalism - Adam Smith

Darwin & Social Evolution Lamarck & Social Evolution

Democratic Capitalism of KeynesMonetary Capitalism of Milton Friedman

The Social DemocratsIs Capitalism Amoral?

Introduction Differing understanding of concepts Ownership of the means of production Yeomen and the Common Lands The Manorial System The Industrial Revolution and Wool Inclosure caused employers and employees The Wool Mill then the Cotton Mill Adam Smith – Darwinian Competition

Overview

Liberty Democracy Ownership

Laissez faire Capitalism

What is it? Adam Smith Milton Friedman The Evil triumvirate: Bush-Cheney-Banks Mercantile vs Financial Systems

AYN RAND [1905-1982]

Russian philosopher, writer, novelist who wrote “Atlas Shrugged” and developed the hypothesis of OBJECTIVISM. She had an important influence on capitalist theoreticians.

Objectivism states:1. reality exists independent of consciousness; 2. individual persons are in contact with this reality through sensory perception; 3. human beings can gain objective knowledge from perception through the process of

concept formation and inductive and deductive logic; 4. the proper purpose of one's life is the pursuit of one's own rational self-interest; • the only social system consistent with this morality happiness is full respect for

individual rights, embodies in pure laissez faire capitalism.

Social Democracy

Keynesian Economics The Social Democrats The Euro-Communists Russia - China - Cuba

DEMOCRATIC SOCIALISM

Democratic Socialism is a democracy were you have freedom, but there are more group regulations to look out for the better well-being of people and the Earth; as opposed to the selfishness greed, and injustice inherent in Laissez faire capitalism. People work more to provide a service and fulfill their physical and psychological needs of work and accomplishment.

Democratic Socialism attempts to provide a modest life for most people so the Earth can be shared. It is not to control the population.

Democratic Socialism attempts to control an individuals costs for education, health, food, houses by limiting profit and interest, etc.

In a fair, ethical, and equal society most people will work hard and are not looking for government handouts.

Is Capitalism Amoral?

Is Capitalism a Belief System? Should it rest on Scientific Principles? Capitalism is Amoral not Immoral! CAPITALISTS CAN BE IMMORAL! Join the MTP - the Muddle-Through Party!

REFERENCES

R. Lekachman and B. Von Loon , 1981. Capitalism for Beginners, I SBN 0-394-51027-5, 174 pages.

Servan-Schreiber, J . J ., 1971. The Radical Alternative, 204 pages. SBN: 393-05434-9. W. W. Norton and Co.