Stefan MolyneuxVerified account

Peter Minuit bought Manhattan from the Lenarpe Indians with glass beads and trinkets.

And?

Hilarious that he doesn’t realise to the Lenarpe Indians, those glass beads would be valuable treasure due to their inability to produce it, aka a store of value.

Thanks for correcting me, for one crazy minute I thought the Lenarpe Indians got a bad deal. What was I thinking.

"Capitalism is broken" is easily defeated: If "capitalism" as a system was broken, WE WOULDN'T EVEN BE HAVING THIS DISCUSSION. Now, one MIGHT make the argument that America's strayed too far from capitalism & our current system is broken. But CAPITALISM's success is self-evident

Hates choice. Either the choices he himself made that have led to his failing. Or the choices others might make that will lead to their empowerment. Either way free enterprise is the best way to organize resources and he seems to hate freedom

Pardon my economic ignorance, but in all socialist/communist economies there forms a black market for scarce goods. Human nature always reverts to a form of capitalism.

Neo fails to understand that the more restrictions put on capitalism in the name of fairness the more unfair it becomes. The market is slow to self correct but it never fails to punish bad faith capitalists.

But “fairness” rules meant to “protect” consumers are drawn up by bureaucrats. You’ve just added another layer to be corrupted.

I really wish more people would be conscious of the fact that a “system” cannot be “broken”. PEOPLE can act in accordance with the principles of a given “system” or they can choose to not. But please stop blaming a “system” for our own choices.

It isn't either or. All 1st world countries practice a hybrid of both capitalism and socialism. It's pretty obvious

It's taxes on the capitalist part that funds the socialist parts, though.