See, when you say things like that, it just illustrates that you have no fucking clue what you're talking about. Capitalism is not compatible with freedom and equality. Like most americans, you don't have any idea what socialism really is. It's a dirty word that you immediately equate to communism. This is due to ignorance. Communism doesn't work. Socialism does. The reason that communism doesn't work is the totalitarian nature of it, in the economy as well as the government. Capitalism needs built-in factors in order to survive. Planned obsolescence being one of them. Capitalism needs perpetual demand for product. How do you make sure this happens? You plan for obsolescence and you make people believe they need more than they actually do. You're watching it happen right now. Millions upon millions of people all across this country are in debt up to their goddamn eyeballs because they were convinced, through advertising, that they needed things they didn't actually need. You would rather be part of a system that plays you for a fool than part of a system that produces for use, like socialism. Capitalism creates this fake need to attain more and more shit. And it never ends, because profit drives it all. While you're busy keeping up with the Joneses, the CEOs are busy accumulating more and more wealth. Where does it end...
Originally Posted by WombRaider
I don't even know where to start with that stupidity.
Planned obsolescence? Really? Is that your knock against capitalism? You don't think the same thing happens in a socialist economy?
People want stuff CHEAP. In capitalist countries, in socialist countries, and in communist countries. And pursuit of cheapness generally leads to using inferior materials, and as little of it as possible. That leads to products that breakdown sooner.
That is the result of people putting their short term desires ahead of long-term needs. If you want longer lasting products, just pay MORE. But try selling that to the average schmuck.
And then there is this nugget of stupidity:
"
Millions upon millions of people all across this country are in debt up to their goddamn eyeballs because they were convinced, through advertising, that they needed things they didn't actually need."
Really, Womby? Are you still regurgitating the same sad argument that John Kenneth Galbraith made in "The Affluent Society"? Essentially, he argued that the lumpen masses cannot withstand the mass hypnosis of advertising and they need the elite intellectuals (like himself, of course) to tell them what they really need. That is the progressive mindset in a nutshell.
I prefer Milton Friedman's response:
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"
Nobel Memorial Prize-winning economist
Milton Friedman in "Friedman on Galbraith, and on curing the British disease" views Galbraith as a 20th-century version of the early-19th-century
Tory radical of Great Britain. He asserts that Galbraith believes in the superiority of aristocracy and in its paternalistic authority,
that consumers should not be allowed choice, and that all should be determined by those with "higher minds":
"Many reformers – Galbraith is not alone in this – have as their basic objection to a free market that it frustrates them in achieving their reforms, because it enables people to have what they want, not what the reformers want. Hence every reformer has a strong tendency to be averse to a free market."
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Yup, that's it in a nutshell. All those damn plebes buying what they want and not what the progressives tell them they need.
Freedom just gets in your way, doesn't it, Womby?
People are in debt up to their eyeballs because it has been government housing policy for decades that everyone should own their own home, regardless of his or her ability to work and to save to buy one.
So government CONSCIOUSLY pressured the banks to lower the requirements for getting a home loan. No money down, ridiculously low proof of income, ultra low rates backed by Fanny Mae and Freddie Mac (i.e., government money).
So, too many people bought more house than they could afford. And when the bubble burst in 2008, they were all upside down on their mortgages. And that, in turn, crashed the ridiculous derivatives markets.
And advertising had nothing to do with it.
Government policy caused it.