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Kidicious
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Diety of Kidiverse
Mar 2003 time: 21:32
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quote: Originally posted by Drogue
I never claimed that communism didn't pay you, you're misunderstanding my argument completely. However you are paid according to your labour, when it comes to wage rate, as I said. If you're only paid on capital, why does my brother, someone with very little capital but a good job, get paid more than my father, someone who has far more assets, but is retired, and thus get's far less income?
You get income from capital by investing it, and you get income from labour by working. I made no comment about communism not paying. Please show me where my argument is wrong. However saying that you are paid solely for capital, and not at all paid for labour is ridiculous. |
I misunderstood you. You said that capitalism pays you for the value of what you do. You meant things like saving and investing, not just working. I thought you meant just working. Communism pays you only for working, not saving or investing. Of course, both of them pay for work, but assuming that the same amount of work is done in both system communism pays more for work.
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Kidicious
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Diety of Kidiverse
Mar 2003 time: 21:32
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quote: Originally posted by Drogue
However your comment that the free market results in greater inequality is not an "in practice" comment, as it's never been tried. The free market, a perfect free market, allocates income based on how good you are at your job - how much you're worth to your employer. So it's distributed by abilit, perfectly, with nothing to do with need. Thus while it would be unequal, it would be fair and unequal. I don't think it's a good idea for a country to have a totally free market at all, but that is what a free market is, and since it hasn't ever been tried, we can't say it's effect "in practice", just in theory.
If you wish to make comments about economics ignoring reality, please study some economics first so you know what it is that is ignoring reality. |
You're assuming that a free market would be perfect. There's a reason it isn't tried, because know one really believes that it would work. His comment is true. Free markets, as they are in practice, result in inequality. In theory they should result in equality since the theory claims that producers and workers will move into profitable and high wage industries. But of course it doesn't work that way. He's talking about reality and you aren't. And btw, he's studied economics plenty, I'm sure.
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Kontiki
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Canada
Aug 2001 time: 00:32
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Wow - another cap/com threadjack! Keep up the good work!
But in order to really keep this thread flying, someone should bring up abortion and/or religion.
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Drogue
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Omnipresent conscience
Oct 2002 time: 05:32
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quote: Originally posted by Kidicious
You're assuming that a free market would be perfect. |
By definition, a totally free market is a perfectly free market.
quote: Originally posted by Kidicious
There's a reason it isn't tried, because know one really believes that it would work. |
Nope, it hasn't been tried because it's impossible. You cannot have perfect knowledge of a market.
quote: Originally posted by Kidicious
His comment is true. Free markets, as they are in practice, result in inequality. In theory they should result in equality since the theory claims that producers and workers will move into profitable and high wage industries. But of course it doesn't work that way. He's talking about reality and you aren't. And btw, he's studied economics plenty, I'm sure. |
No, free markets haven't been tried. Free markets in a nation do result in inequality. Between nations, they equalize, when compared to other models. And as a philosophy tutor, I wouldn't be sure he's studied economics.
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Drogue
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Omnipresent conscience
Oct 2002 time: 05:32
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quote: Originally posted by Agathon
In what twisted and perverse sense of "fair". |
Each according to his ability. The hint was in thie "distributed by ability, perfectly, with nothing to do with need." If you make something, you own what you make. If you sell that, you own the money it sold for. The same way in a fair legal system that if you commit a crime, you do the punishment for it. It's not necessarily good, but it is necessarily good, being "in an evenhanded manner" (OED). Anything with one rule for all is fair.
Last edited by Drogue on 12-01-2005 at 18:55
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