Quote:
Originally Posted by jdawg
Capitalism often times fixes itself, this is true. What we need to figure out is whether going from crisis to crisis is healthy. Any system that requires bubbles to burst from time to time to such devestating effect on the people isn't a system I want to support.
Now we can also get into the question of whether capitalism can ever be reformed enough to where there isn't a recession every 20 years. I don't believe so. That's not to say that I don't believe in markets completely, I'm a Proudhonian syndicalist, but I don't believe that with our current structures of power we will ever reform this system or any system. In fact reform doesn't work anyways. Revolutionary action is the answer. Not violent revolution, but a complete change of thought and structures for society.
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Never heard this term so here is a brief quote.
"What Proudhon really objected to with respect to private property was the earning of income from the labour of others through such means as rent, interest and wage labour. After paying employees their wages, the capitalist retains the remaining profit without contributing any productive labour himself. Associated together, the workers create a productive capacity greater than the sum of their individual powers, but it is the capitalist who reaps the benefit. The workers acquiesce in their own exploitation because their only alternatives are starvation and misery."
This is essentially my complaint about capitalism. The capitalists will exploit the workers any way they can (look at China). The role of government should be to control and restrain the exploitative tendencies of capitalism. Capitalists would be very happy if all there workers were slaves and they kept all the wealth created by the labor of the workers. A democratic society needs to see to it that the capitalists share the wealth with their workers.