Albert Einstein on capitalism

[BieberFeverBrah]

I study economics. It is PLAINLY obvious to ANYONE that studies economics seriously that socialism/communism are complete bullsht based in anti-reality gibberish. They are philosophies that attempt to justify themselves using flawed economic models and outright dishonesty.

are you aware that he is talking about the political outcomes associated with capitalism? That's the part you're not talking about ITT, and I suspect that is because you didn't read/don't care what the quote says. Your interest is just in detailing the meanings and nuanced difference between capitalism and socialism. That's really fun but it has nothing to do with the thread, you are just grinding an axe.

I'll ask again, do you deny that his premise proved to be true? He said that capitalism will naturally drive all political power from the electorate and into the hands of private industry. This precisely happened, this is where we are, right now.

Stop getting all juiced up about your last economics class and think about that.

[Conspiracybrah]

are you aware that he is talking about the political outcomes associated with capitalism? That's the part you're not talking about ITT, and I suspect that is because you didn't read/don't care what the quote says. Your interest is just in detailing the meanings and nuanced difference between capitalism and socialism. That's really fun but it has nothing to do with the thread, you are just grinding an axe.

I'll ask again, do you deny that his premise proved to be true? He said that capitalism will naturally drive all political power from the electorate and into the hands of private industry. This precisely happened, this is where we are, right now.

Stop getting all juiced up about your last economics class and think about that.

It is wrong because there is no capitalism. Political power is a socialist phenomenon

[BieberFeverBrah]

who says one can't explore other fields of knowledge?

wait wat if a rocket scientist becomes a bodybuilder at age 40? or vice versa

bro, he was just Einstein, not a super hero. There is no way he could have become well versed in multiple fields of study.

Just lol at stupid Einstein.

[keels141]

Can you tell me why you believe that you live in a capitalist system?

It is tricky to define precisely because there have been variations of it over time, with varying levels of government intervention on the free market.

Basically there have been four distinct stages:

During �Capitalism 1.0� up until the end of the First World War, economics and politics generally did not mix. Capitalism 2.0 was the Keynesian approach to economics, whereby governments had to intervene and spend to rescue economies from the depressions and mass unemployment of the 1930s.

The third incarnation of capitalism was the Reaganomics/Thatcherism era where western governments implemented their controversial monetarism policies and market fundamentalism was left with as few restrictions as possible to do its own thing. This seemed to all work rather well until the collapse of some banks such as Northern Rock (UK) and Lehman Brothers (US), which led to the last meltdown.

And now we here at Capitalism 4.0 in the post GFC era, with the one constant being the rich and powerful get richer and more powerful regardless of the system.

[Freek314]

Are you fukking illiterate, BieberFever? How many times ITT have I alluded to the fact that we are not living under capitalism?

Are you too dense to understand that?

[BieberFeverBrah]

It is wrong because there is no capitalism. Political power is a socialist phenomenon

i don't follow, please elaborate? Much like Einstein, I have a very limited intelligence and struggle to understand more than one specific topic.

[BieberFeverBrah]

Are you fukking illiterate, BieberFever? How many times ITT have I alluded to the fact that we are not living under capitalism?

Are you too dense to understand that?

like Einstein, I'm pretty stupid, sorry bro.

I am actually on topic, you aren't and never were ITT, just fyi.

[kilu]

Then good on them, but why would you listen to them over the experts that have spent decades studying?

To answer you legit. Why would I listen to someone(Einstein in this case) over an expert? Because learning and studying is a habit that requires skills/patience/creativity which obviously Einstein demonstrated as an individual.

You could have a regular Joe wit no patience, no creativity, no discipline who proclaims themselves as a "scientist" "teacher" "what have you" .. basically a drone following the higher up's inheriting a position of importance.. i rather follow someone who has talent .. not someone who wants to make $ so they choose that as their profession

IDK man thats just my two cents -- but I'm sure you've met quite a few incompetent people in a profession they shouldn't be in whilst spending years and years in their field..

[Freek314]

It is tricky to define precisely because there have been variations of it over time, with varying levels of government intervention on the free market.

Basically there have been four distinct stages:

During ‘Capitalism 1.0’ up until the end of the First World War, economics and politics generally did not mix. Capitalism 2.0 was the Keynesian approach to economics, whereby governments had to intervene and spend to rescue economies from the depressions and mass unemployment of the 1930s.

The third incarnation of capitalism was the Reaganomics/Thatcherism era where western governments implemented their controversial monetarism policies and market fundamentalism was left with as few restrictions as possible to do its own thing. This seemed to all work rather well until the collapse of some banks such as Northern Rock (UK) and Lehman Brothers (US), which led to the last meltdown.

And now we here at Capitalism 4.0 in the post GFC era, with the one constant being the rich and powerful get richer and more powerful regardless of the system.

Yeah, those dastardly markets causing that collapse by making government policy that corrupted incentives and ignored consequences.


Ohh wait that's right... government did that and people were shouting it down for YEARS before the collapse.

[jbball92]

To answer you legit. Why would I listen to someone(Einstein in this case) over an expert? Because learning and studying is a habit that requires skills/patience/creativity which obviously Einstein demonstrated as an individual.

You could have a regular Joe wit no patience, no creativity, no discipline who proclaims themselves as a "scientist" "teacher" "what have you" .. basically a drone following the higher up's inheriting a position of importance.. i rather follow someone who has talent .. not someone who wants to make $ so they choose that as their profession

disclaimer: nothing i post should be taken seriously. if you happen to be offended then i've done my job and im laughing at u

[Conspiracybrah]

i don't follow, please elaborate? Much like Einstein, I have a very limited intelligence and struggle to understand more than one specific topic.

I'm not attacking Einstein as he is not trying to predict the future as some people ITT think, but rather your perception of the system today as a capitalist one as there is obviously collective ownership of the means of production today. Nice strawman though

It is tricky to define precisely because there have been variations of it over time, with varying levels of government intervention on the free market.

Basically there have been four distinct stages:

During ‘Capitalism 1.0’ up until the end of the First World War, economics and politics generally did not mix. Capitalism 2.0 was the Keynesian approach to economics, whereby governments had to intervene and spend to rescue economies from the depressions and mass unemployment of the 1930s.

The third incarnation of capitalism was the Reaganomics/Thatcherism era where western governments implemented their controversial monetarism policies and market fundamentalism was left with as few restrictions as possible to do its own thing. This seemed to all work rather well until the collapse of some banks such as Northern Rock (UK) and Lehman Brothers (US), which led to the last meltdown.

And now we here at Capitalism 4.0 in the post GFC era, with the one constant being the rich and powerful get richer and more powerful regardless of the system.

There is no definition of capitalism here so I will define it for you: Capitalism is an economic system with private ownership of the means of production. Socialism is the exact opposite to this so that today's system (and pretty much all systems before it) cannot be defined as either capitalism or socialism but rather a mixed system as it contains both kinds of ownership of the means of production

[chiseledmanbeef]

Yes and there's a man with a 200 IQ that believes in a god. What's your point OP? I don't think following certain ideologies is always a matter of intelligence - that answer is much too simple

[StarFart]

Freek314 single handedly ruined this thread with his constant dumbass posts.

[BieberFeverBrah]

Freek314 single handedly ruined this thread with his constant dumbass posts.

hes fine, but he isn't interested in the topic in the OP, he is on some other chit.

I keep telling myself to stay away from political threads, but you *******s keep sucking me back in. God damnit I'm here for fun, not arguments. I am the libtard voice of reason the misc needs, but not the one it deserves.

[Sinan09400]

Yeah he had some nice inventions etc but apart from that he is the ultimate retard srs.

I cringe at his quotes. Liberal cuck anti militarist piece of sht

It is in our genes to disagree and fight over our beliefs. Unless we fuk up our DNA, there will always be wars.

[Freek314]

Yeah he had some nice inventions etc but apart from that he is the ultimate retard srs.

I cringe at his quotes. Liberal cuck anti militarist piece of sht

Antimilitarism isn't a bad thing.

[DubBrah]

Dude, what don't you understand? We dont have a purely capitalist system in the U.S. because it has been corrupted to the point that the Einstein qoute lays out quite accurately. Wrap your head around the OP.

[p5165]

Yeah yeah, capitalism is bad, but the type of "socialism" we get is lazy *******s who want to mooch off the welfare and get everything for free while driving the whole economy down to hell. That's a problem. I'm sick of my paychecks being cut to feed some crackhead who spreads her legs for orgasm and plows 10 kids that will all grow up into a thug criminals anyway. I would be happy with socialism if everyone was a honorable person, but the sad fact is that %90 of population are a scum who cares about nothing but personal benefits while showing a middle finger to everyone else. They abuse the system. How can we have socialism in such society?

[MisquePhaggot]

Miscers above Einstein himself now...fukn useless miscers keep on your dumb height topics at least you can still brag about that LOL

[freekid2002]

Yeah he had some nice inventions etc but apart from that he is the ultimate retard srs.

I cringe at his quotes. Liberal cuck anti militarist piece of sht

It is in our genes to disagree and fight over our beliefs. Unless we fuk up our DNA, there will always be wars.

Says the guy who is living on minimum wage and has accomplished nothing in his life. Keep hating on the guys at the top, that will get your somewhere.

[Sinan09400]

Antimilitarism isn't a bad thing.

Dude. **** off really.

I'm 100% sure that bunch of marines gang banged your mom or you. Whenever I see a thread about military, your always there to shame people

[Freek314]

Dude, what don't you understand? We dont have a purely capitalist system in the U.S. because it has been corrupted to the point that the Einstein qoute lays out quite accurately. Wrap your head around the OP.

We never had pure capitalism. Capitalist economies require an absence of political power.

http://christophercantwell.com/2014/...uires-anarchy/

[Sinan09400]

Says the guy who is living on minimum wage and has accomplished nothing in his life. Keep hating on the guys at the top, that will get your somewhere.

What makes you think that know I am the ultimate loser like you?

I am one of the dive masters in the area I live and trying to join military to become an instructor in coast guard or combat divers.

Plus I know who to respect and who not to amongs the people who made it

You on the other hand, couldnt even manage to stay green on a ****ing online forum.


Inb4 hurr durr reps are for losers

[Enguin]

The best thing is to have a Dictatorship with myself as the Dictator.
Enguinism and an Enguinarchy are whats best for global markets and the people.

[socrates07]

bump, not expecting you brain dead *******s to be able to comprehend all the big words he's saying tho

nice thread backfire retard

we don't run a capitalist society, we run a viral version of it where a plutocracy in control of everything OWNS everything

[DubBrah]

So according to your opinion and that of your source, you claim true capitism has never existed yet it works 100% of the time? How is that exactly? It works, we've never had it, but it works. Trust me....? That sounds a little like religeon to me. You have too much faith in something even you admit has never existed and thus cannot be proven.

[freekid2002]

Capitalist economies require an absence of political power.

False.

[Freek314]

So according to your opinion and that of your source, you claim true capitism has never existed yet it works 100% of the time? How is that exactly? It works, we've never had it, but it works. Trust me....? That sounds a little like religeon to me. You have too much faith in something even you admit has never existed and thus cannot be proven.

It absolutely can be proven both rationally and empirically, and it existed, according to some people, for multiple centuries in ancient Ireland.

We have never had pure capitalism in modern times.

https://peacerequiresanarchy.wordpre...cient-ireland/

[Freek314]

False.

Wanna make an argument or just a statement?

[Cfitz717]

sorry op I only listen to guys who know what a comb is. lol @ einstein srs. bet I could beat him at checkers.