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Originally posted by Bluesma
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Now, your doom predictions for the future do not distract from the correct assertion I made-
There are many nations, at this moment, in which capitalism and socialism are both present and cooperating. This invalidates your assertion that this is impossible.
You have further confirmed that you are actually refering, in this thread, to "pure Socialism". Just about no systems exist that are "pure" anything- ideals are fairly unrealistic.
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Democratic Socialism is not Authoritarian.
When a market has regulations through government it is not a free market system anymore. It is a corpocracy.
Originally posted by poet1b
Just the opposite, when the government does not regulate business activity in the market, allows businesses to ignore societies rules, the big businesses in the form of corporations take over the country and destroy the economy by establishing monopolies.
Without a governing body enforcing the rules, competition is eliminated, and so is the market system itself.
The nation is no longer ruled by representative government, but by corporations. More specifically, the nation is ruled by the banks.
This is how deregulation has put us in the current mess that we are in.
In addition to the Securities Exchange Act of 1934 that created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as 15 U.S.C. § 78d and commonly referred to as the 1934 Act).
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The SEC was established by US President Franklin D. Roosevelt in 1934 as an independent, quasi-judicial regulatory agency, during the Great Depression that followed the Crash of 1929. The main reason for the creation of the SEC was to regulate the stock market and prevent corporate abuses relating to the offering and sale of securities and corporate reporting. The SEC was given the power to license and regulate stock exchanges, the companies whose securities traded on them, and the brokers and dealers who conducted the trading.
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Commodity Futures Trading Commission
The U.S. Commodity Futures Trading Commission (CFTC) is an independent agency of the United States government that regulates futures and option markets. The Commodity Futures Trading Commission Act of 1974 (P.L. 93-463) created the Commodity Futures Trading Commission, to replace the U.S. Department of Agriculture’s Commodity Exchange Authority, as the independent federal agency responsible for regulating the futures trading industry. The Act made extensive changes in the basic authority of Commodity Exchange Act of 1936, which itself had made extensive changes in the original Grain Futures Act of 1923. (7 U.S.C. 1 et seq.).[3][4]
The Commodity Exchange Act (CEA), 7 U.S.C. § 1 et seq., prohibits fraudulent conduct in the trading of futures contracts. The stated mission of the CFTC is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.[5]
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Originally posted by poet1b
reply to post by FyreByrd
Yes, or in other words, a credit union is owned by all the members, not by an individual or controlling group, but by all the members, and is not for profit.
The goal is not to make a profit, but to provide a public service.
On a further note, the whole purpose of trying to define something as capitalist or socialist is merely a technique for creating division. Everything is socialism. Nothing is socialism. Everything is capitalism. Nothing is capitalism.
I am for whatever increases our liberty, and I don't care what you call it.
Originally posted by poet1b
reply to post by ElectricUniverse
You are blaming government for the actions of corporations.
The corporations committed the abuse.
The failure of the government was in failing to prevent the abuse.
The reason government failed to protect people from corporate abuse is because people like you want to eliminate governments ability to police business activity.
You are pointing out situations where deregulation allowed corporations to violate the rights of the people.
Thereby proving your claims about regulations to be wrong.
The socialist cooperative exist to provide a good or service at its true cost, the capitalist corporation seeks to extract more than the actual cost of providing that service, the more excess..
Originally posted by poet1b
Credit unions are as socialistic as unions. That is a good scale to place things on
To hear the conservatives label things, anything they don't like iis socialism, and anything that they do like is capitalism.
Take the fed reserve system. This is pure capitalism, through and through, private owned banks all. There is nothing socialistic about the fed res, but are people calling the fed res socialistic.
Originally posted by poet1b
Credit unions are as socialistic as unions. That is a good scale to place things on
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Originally posted by ElectricUniverse
When I say "people like you" I am talking about people who think socialism can work, and is great. You want to take it as an insult and to me you are trying to play the victim to deflect the fact that you don't have a real argument.
In order for a country to be socialist one of the main premises is that there is no private property.
Oh and btw, I have already mentioned that there is no real capitalist nations anymore.