Capitalism creates the ability to be charitable. Ask the miners

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Read here about all the innovations that saved the miners in Chile. I was chastized several months ago for saying “greed is good”. None of the stuff that saved them would have been developed if there hadn’t been a profit motive. I look forward to all the socialists’ arguments.
Capitalism Saved the Miners
online.wsj.com/article/SB10001424052748703673604575550322091167574.html?mod=googlenews_wsj
Well, you do realize that a Socialist Government (different from a Communist Government) would have still probably used outside resources such as companies to help, but chances are, the government would have aided them for free, without worrying about the cost. Futhermore, in the CCC Paragraph 2425, it states this:

"The Church has rejected the totalitarian and atheistic ideologies associated in modem times with “communism” or “socialism.” She has likewise refused to accept, in the practice of “capitalism,” individualism and the absolute primacy of the law of the marketplace over human labor.206 Regulating the economy solely by centralized planning perverts the basis of social bonds; regulating it solely by the law of the marketplace fails social justice, for "there are many human needs which cannot be satisfied by the market.“207 Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended.”

This paragraph perfectly fits what I believe to be true, and ultimately, that we need a Mixed Economy, which means Government Involvement (regulation-which puts the government on the left of the economic and political scale, closer to Socialism) and it rejects pure Capitalism, as some on the Forums would have it. It’s not “Let’s flip a coin and be Communist or Capitalist, or Communist and Fascist (Communism involving both political and economic ideologies, therefore belongs on both spectrums)”, but it’s that we need a balance of both. This is the idea behind Democratic Socialism, which is a Democratic Government which regulates the economy.

So, in actuality, “Capitalism” did not save the miners, because you can still have the same effect with a socialistic principle. The only difference is that as we let the companies make the technology that helps save the miners, the government regulates the economy so that the companies don’t leave an economic mess when the miners return home. Because when you state Capitalism, I’m sure you mean the Capitalism without any Government involvement, or the one with as little as possible, correct?
 
Well, you do realize that a Socialist Government (different from a Communist Government) would have still probably used outside resources such as companies to help, but chances are, the government would have aided them for free, without worrying about the cost. Futhermore, in the CCC Paragraph 2425, it states this:

"The Church has rejected the totalitarian and atheistic ideologies associated in modem times with “communism” or “socialism.” She has likewise refused to accept, in the practice of “capitalism,” individualism and the absolute primacy of the law of the marketplace over human labor.206 Regulating the economy solely by centralized planning perverts the basis of social bonds; regulating it solely by the law of the marketplace fails social justice, for "there are many human needs which cannot be satisfied by the market.“207 Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended.”

This paragraph perfectly fits what I believe to be true, and ultimately, that we need a Mixed Economy, which means Government Involvement (regulation-which puts the government on the left of the economic and political scale, closer to Socialism) and it rejects pure Capitalism, as some on the Forums would have it. It’s not “Let’s flip a coin and be Communist or Capitalist, or Communist and Fascist (Communism involving both political and economic ideologies, therefore belongs on both spectrums)”, but it’s that we need a balance of both. This is the idea behind Democratic Socialism, which is a Democratic Government which regulates the economy.

So, in actuality, “Capitalism” did not save the miners, because you can still have the same effect with a socialistic principle. The only difference is that as we let the companies make the technology that helps save the miners, the government regulates the economy so that the companies don’t leave an economic mess when the miners return home. Because when you state Capitalism, I’m sure you mean the Capitalism without any Government involvement, or the one with as little as possible, correct?
Spot on!

I don’t want the government manufacturing shoes, cars, etc., but I do want regulation on the manufacture of these items (i.e., safety standards) to make sure that they’re not going to kill me as I use them as intended. In other words, society doesn’t own the means of production but society does make sure that the means of production doesn’t harm the members of society. This is one thing people forget…in our democratic republic, the government is the people, not some far off entity that is separate from the people.
 
Before the socialists claim that capitalism put the miners there in the first place, look what happened last night in the bastion of “capitalism” aka Red China…

voanews.com/english/news/20-Dead-17-Missing-in-China-Coal-Mine-Blast-105096059.html
You’re right, that’s why Fascism fails. Oh, wait! You thought that China was Communist?
😃 Nope. You wouldn’t have one of the fastest growing markets in the world if you were a Communist, because you would have the government making all of the materials and all of the products for the people. Whereas if you have a Totalitarian Government that promotes economic freedom (thus a growing market), you have Fascism. Not Communism. Close, but no cigar.
 
None of the stuff that saved them would have been developed if there hadn’t been a profit motive.
Yet, it could be argued that the profit motive, unregulated, put the miners in the position of having to be rescued in the first place…

Chile mine faces first lawsuit alleging criminal negligence

Chilean mine company owners to be questioned over causes of collapse

Apparently, an earlier tunnel collapse at that same mine severed the leg of a miner and the mine was allowed to procede business as usual.

As Chile mine rescue nears, families pressure government to reform industry

No accountability in Chilean mines, apparently.

Accident brings scrutiny to Chile’s mining system

COPIAPO, Chile – While 33 men trapped in a mine cling to hope that they’ll get out alive, the company that put them there says it can’t afford to pay their salaries and may go bankrupt.

So, enough of the paens to the profit motive, please.

I realize how powerful the incentive is, yet I also realize the absolute necessity in justice that it be regulated by government.

You’d think the financial collapse of 2008 would be a lesson, but apparently the editorialists at the Wall Street Journal don’t see it that way.
 
Yet, it could be argued that the profit motive, unregulated, put the miners in the position of having to be rescued in the first place…

Chile mine faces first lawsuit alleging criminal negligence

Chilean mine company owners to be questioned over causes of collapse

Apparently, an earlier tunnel collapse at that same mine severed the leg of a miner and the mine was allowed to procede business as usual.

As Chile mine rescue nears, families pressure government to reform industry

No accountability in Chilean mines, apparently.

Accident brings scrutiny to Chile’s mining system

COPIAPO, Chile – While 33 men trapped in a mine cling to hope that they’ll get out alive, the company that put them there says it can’t afford to pay their salaries and may go bankrupt.

So, enough of the paens to the profit motive, please.

I realize how powerful the incentive is, yet I also realize the absolute necessity in justice that it be regulated by government.

You’d think the financial collapse of 2008 would be a lesson, but apparently the editorialists at the Wall Street Journal don’t see it that way.
👍
 
Well, you do realize that a Socialist Government (different from a Communist Government) would have still probably used outside resources such as companies to help, but chances are, the government would have aided them for free, without worrying about the cost. Futhermore, in the CCC Paragraph 2425, it states this:

"The Church has rejected the totalitarian and atheistic ideologies associated in modem times with “communism” or “socialism.” She has likewise refused to accept, in the practice of “capitalism,” individualism and the absolute primacy of the law of the marketplace over human labor.206 Regulating the economy solely by centralized planning perverts the basis of social bonds; regulating it solely by the law of the marketplace fails social justice, for "there are many human needs which cannot be satisfied by the market.“207 Reasonable regulation of the marketplace and economic initiatives, in keeping with a just hierarchy of values and a view to the common good, is to be commended.”

This paragraph perfectly fits what I believe to be true, and ultimately, that we need a Mixed Economy, which means Government Involvement (regulation-which puts the government on the left of the economic and political scale, closer to Socialism) and it rejects pure Capitalism, as some on the Forums would have it. It’s not “Let’s flip a coin and be Communist or Capitalist, or Communist and Fascist (Communism involving both political and economic ideologies, therefore belongs on both spectrums)”, but it’s that we need a balance of both. This is the idea behind Democratic Socialism, which is a Democratic Government which regulates the economy.

So, in actuality, “Capitalism” did not save the miners, because you can still have the same effect with a socialistic principle. The only difference is that as we let the companies make the technology that helps save the miners, the government regulates the economy so that the companies don’t leave an economic mess when the miners return home. Because when you state Capitalism, I’m sure you mean the Capitalism without any Government involvement, or the one with as little as possible, correct?
Well I agree that we need certain parameters to protect the environment and general safety of the community. Engineering standards and the such for capitalism to work well. However, I disagree that without a profit motive for companies and individuals, there would be as great an incentive to innovate.
 
Read here about all the innovations that saved the miners in Chile. I was chastized several months ago for saying “greed is good”. None of the stuff that saved them would have been developed if there hadn’t been a profit motive. I look forward to all the socialists’ arguments.
Capitalism Saved the Miners
online.wsj.com/article/SB10001424052748703673604575550322091167574.html?mod=googlenews_wsj
The “capitalist company” had numerous safety violations, told the government that they were unable to pay for a rescue, thus causing the government to foot the bill; said they would not pay the miners wages, and threatened to declare bankruptcy. Finally the mine owners and the government failed to heed the warnings of the workers that the mine was unsafe.

huffingtonpost.com/william-k-black/capitalism-would-have-kil_b_764948.html
 
You’d think the financial collapse of 2008 would be a lesson, but apparently the editorialists at the Wall Street Journal don’t see it that way.

Actually the financial collapse of 2008 was not caused by unbriddaled capitalism but moreover the over reaching regulation that the progressive democrats and republicans put in place to allow people to get into homes that they could never afford with little or no money down. Thus causing the price of houses to artificially inflate until the “bubble” burst. The loan managers could not do due dillagence in checking people ability to repay the loan. It was not capitalism you see its is too much regulation. I am by no means a proponent of zero regulation but we definately have way to much. Have you ever tried to read the tax code?
 
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