Comments on: Capitalism is evolving, but into what? http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: maltadefender http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41678 Mon, 20 Feb 2012 17:31:17 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41678 Copernicus was standing on shoulders of Aristarchus of Samos, whose seminal on work heliocentrism work he noted. It seems Richard Morley needs a decent education.

Morley to Chris, “In order to see the solar system as it is, Copernicus had to be standing on the sun.”

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By: YESSSSS http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41675 Mon, 20 Feb 2012 13:55:36 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41675 INNOVATION! VALUE! Yes, that is the future of capitalism.

Already happening. APPLE is the largest publicly traded company measured by market cap in the U.S. Not a bank nor a commodities trading house. Rather, an innovative company that brings value to it’s clients.

Capitalism, or the “free market”, HAS ALREADY CHANGED, EVOLVED AND ADAPTED. Just, some people are not aware of that fact.

There is no doubt that the most profitable ventures of the future will be client-oriented, innovative, value-driven companies to their core.

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By: houseofvespucci http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41659 Sat, 18 Feb 2012 11:21:17 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41659 Capitalism will evolve as according to previous historic trends. Innovation has always been central to capitalism. Innovation is fueled by the competition of individuals to have control over creativity, uninhibited self expression/individuality, property ownership, privilege or even power. Wikipedia is Britannica on-line or an on-line encyclopedia that can be accessed at one’s personal leisure either at home or at a library. Capitalism does not evolve when goods and services are repackaged creatively. However, Warren Johnson’s book, Muddling Towards Frugality, lends some insight regarding how scarcity and over population, the pressure of an ecosystem, forces an economic system to actually change. Agricultural societies faced competition by hunters who frowned upon the work of farming. However, the hunters way of living changed thus laying the foundation for capitalism to be born.

In 2050 the demographics of America is predicted to change. Will the foundation of a new economic system be layed?

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By: paintcan http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41652 Sat, 18 Feb 2012 00:37:49 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41652 Capitalism – in fact all economic systems – seem to need to “buy cheap and sell dear” and they weren’t/aren’t shy about using people as merchandise. The Afghans are still selling girls and bonding boys. I US influence is really only teaching them to get rich quick and to get their cash and themselves out as fast as they can.

They will have a problem, as noted by the authors, of doing that with information. It tends to become dated very quickly. And the upper strata of society always has a way of making it seem they know so much more than the average man. They can be bamboozled just as easily as the poor man (Madoff, Corzine etc.) but they need to hide their mistakes, especially from each other. Sun Gods don’t like to look human. It’s bad for business.

Investor information always seems to be something that one must subscribe to to see, and the man or woman who wants to succeed over all others will not stint at excluding as many as possible from the information.

I received a flyer from the Columbia School of Architecture and Planning recently advertising a discussion panel. in order to participate on the panel the school wants from $1000 to $15000 from participants. They are not asking for merit but for money. That is a big change from the old days. They sued to ask for the participation of known practitioners but now that the building industry is in a slump, they need the cash?

In a few years the difference between capitalism and the old regime of feudal privileges could be a matter of semantics only. I also suspect that the up and coming capitalist middle classes of China and India are going to be ruthless. Why wouldn’t they? We were. They may not be at all polite or self controlled and will become the “ugly Americans” of the 21st century. The middle class I grew up in wasn’t particularly kind to each other and least of all to anyone they didn’t recognize as human, like the East Asian during the Vietnam era. Perhaps they are more forgiving.

For once, I hope OOTS is right that the world will reject Vulture capitalism for more humane and responsible forms of economic activity. It would be a frightening world with billions of very nationalistic Vultures. It’s a pity the last ten years was such a lesson in double-talking and fraudulent militarism in the name of US interests.

BTW – there is no man made material I know of that one could make shoes of, sufficient to withstand the temperatures of the surface of the sun. I think even asbestos eventually melts. But I’ve never tried. Anyone know anyone who keeps a 10,000 to 15,000 degree fire lit anywhere?

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By: OneOfTheSheep http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41624 Thu, 16 Feb 2012 20:33:20 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41624 What a wonderful insight into today’s apparent chaos! In one page this excerpt accomplishes intellectual miracles!

In a world that has painfully experimented wildly and painfully over many generations with economic systems based on tribes/groups, monarchs/feudalism, democracy, imperialism, communism, socialism and capitalism, the sole constant is the strengths and weaknesses of human character. As Walt Kelly’s Pogo once said: “We has met the enemy and he is us!”

Capitalism has provided the most predictable and reliable means with which to focus and harness the latent energy of individual intelligence, hopes and dreams to improve the standard of living for whole societies. Like knowledge, as “capitalism” adopted by more and more societies, it may well look different; and yet still offer it’s limitless bounty to those who have necessary understanding and persistence.

On the most fundamental level, Capital is the necessary energy of any advanced society. The shift from an agri­cultural society to an industrial one was harsh and widespread because the location and skills of human resources were so fundamentally different.

The “driving force” did not change and human resources did not change, but the increasing efficiency possible by an economic tsunami raised far more boats than it sunk. The lives of average citizens are today far more than the earlier “standard” of mere subsistence and procreation of prior history.

It is not yet widely perceived that our present transition from an industrial-based society to an information-based society is the source of our apparent economic chaos. “Standing on the sun” is only possible for those with the foresight to first make some asbestos shoes.

Our “movers and shakers” DO “…look around them, see anomalies, and…” adapt, much as does the chameleon. This ability is essential to their survival in their environment.

We are at a unique point of history where monopolies, for the most part, have been rejected. “Vulture capitalism” will continue to give way to “corporate social respon­sibility (CSR)”, “open source initiatives”, “venture philanthropy” as “value” replaces “financial gain as our fundamental human motivation.

We live in interesting times, and I shall read this book!

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By: xcanada2 http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41612 Thu, 16 Feb 2012 17:17:55 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41612 @tsgadfly

Do you elaborate somewhere on those very interesting ideas, or have references? Thanks.

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By: Kingsago http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41610 Thu, 16 Feb 2012 13:09:37 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41610 Monopolies, ‘that no one was worried about?’ I would call the writings concerning the effects of monopolies upon modern industrial life of Karl Marx/ Fredrick Engels worisome. Authors don’t usually offer ‘manifestos’and inspire continents to rise up against all they have ever known. Pior to Marx, the growing influence of capital cartels effected kings as well as peasants and workers and was the subject of the day. Early 1800’s, European Utopian writers offered their early concerns and solutions regarding monopolies. They were a subject not far from anyone’s mind or daily routine.

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By: Alistair2 http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41609 Thu, 16 Feb 2012 10:06:26 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41609 What assumptions do the various models of capitalism make about human nature?
Is human nature different throughout the world and does it really evolve?

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By: BidnisMan http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41608 Thu, 16 Feb 2012 08:19:55 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41608 Capital will continue to be important from now until kingdom come. Capitalism, the belief that capital is the single most important thing in business (my definition) will have to grow a conscience. It will be forced to recognise a new force – the force of individual, in the same way one-man-one vote does. They need to learn to work together – then we will have a better society.

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By: txgadfly http://blogs.reuters.com/great-debate/2012/02/15/capitalism-is-evolving-but-into-what/#comment-41605 Thu, 16 Feb 2012 01:43:52 +0000 http://blogs.reuters.com/great-debate/?p=11825#comment-41605 Capitalism is changing considerably less than the USA is changing.

Capitalism is still about markets, is still about creating and controlling businesses and cash flow, is still essentially the beast it has been for the thousands of years of its existence.

America is apparently not going to be the ethnically and racially egalitarian society it presumed it would be. The USA is divided less than Austria-Hungary once was, but it is still very divided and becoming more so. No matter what those in power in Washington desire, each ethnic and racial group in the country is developing its own rules about capitalism, with different rules for members of their group and for outsiders. Increasingly, being a shareholder in a corporation means less than being a member of the group managing the corporation.

How this will all work out, and at what rate, is difficult to predict. But it seems clear that mostly uniform ethnic and racial groups will cluster around particular “capitalist” organizations which have specific ethnic or racial identities. Shareholder capitalism as envisioned by stock holding and stock exchanges is fading and becoming more meaningless.

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