Capitalism vs. Socialism

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And that is just one issue among many; not to get off topic, but the Chinese don’t think in terms of the next quarterly earnings season, or year over year earnings. Their economy is a weapon and they intend to use it as one - as they already are. The Western world needs to wake up; in short they intend to eat our lunch, and they are well down the road to doing so. But that is a different topic.

As an aside, as much as Vietnam and the Chinese have a mixed history, the Vietnamese have been doing much the same in giving a large degree of control to private business. Samsung, a Korean company, has washing machines made in Vietnam - I have one.
 
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otjm said:
The Northern European countries are often referred to as “socialist”, but that is incorrect as they have capitalistic economies with a good deal of social welfare
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No, it’s not ‘incorrect’. The word has been applied to such policies and governments since the 1800s.
 
Investors told me they do not let you remove your investment once made. I do not think this practice changed.
 
International bodies like the World Bank and the IMF do the same thing. Imperialism, including economic imperialism, is wrong, whoever does it.
 
Lots of words have been incorrectly applied to lots of subjects. That is a prime reason why conversations about many topics end in a failure to communicate.

According to Mussolini, three fourths of Italian businesses were nationalized, with central planning by the government by 1934.

Germany, on the other hand, used the reverse; as many businesses had been nationalized, in order to raise funds they reversed that and privatized businesses. On the other hand, by the time of the war, about 25% of the workforce was slave labor.

There is no need to go into the history of both Russia and China; both countries eventually learned that production in something as simple as collective farms never seemed to match the output of private small farms. Russia today has moved from central planning to privitization, but it appears that if it were not for gas and oil, their economy would not be that strong.

China has weaponized economics, and moved with rapidity to private business, aslthough State regulated; and they are a prime example of the difference between Communism and Socialism.

Denmark and Sweden are both open market economies with high tax structures. they have strong social programs supported by those taxes. Neither are socialist economies.
 
Well, actually no. Good luck stating a business in China and closing it out and getting your money and leaving.

Nor does Western Democracy ignore patent law, steal trade secrets, or make products and sell below market in order to gain control of production elsewhere.
 
otjm said:
Nor does Western Democracy ignore patent law, steal trade secrets, or make products and sell below market in order to gain control of production elsewhere.
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We don’t have to agree but i can not deny that Western Democracies do exactly the same just using different strategies.
 
EssentialBeing said:
We don’t have to agree but i can not deny that Western Democracies do exactly the same just using different strategies.
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So what strategies does western Capitalism use to steal trade secrets, ignore patent law, or make and sell products below market in order to take control of production elsewhere?

To make it easy and understandable, let’s just pick one of those things and tell me what the strategy is.
 
otjm said:
So what strategies does western Capitalism use to steal trade secrets, ignore patent law, or make and sell products below market in order to take control of production elsewhere?
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STEAL TRADE SECRETS - we just take the scientists. This is only one very well known example during WW2

PATENT LAW - created to protect against those who might want to steal. Questionable when the ones writing the policy have autonomy.

MARKET MANIPULATION - Competition evolved into a win at all cost attitude

I don’t want to offend anyone but I don’t believe any government on this planet is innocent of industrial espionage.
 
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EssentialBeing said:
STEAL TRADE SECRETS - we just take the scientists
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Those likely do not qualify as trade secrets; and you have given one example of one (effectively ) incident. Nor have you shown that the scientists who worked on the Atomic Project were “stolen”.

China is making this a form of asymmetric warfare. I would suggest we are not so engaged. But you are invited to provide other examples.

I presume your belief is based on facts, not suspicions.
 
The US does engage in economic imperialism. Other Western countries do it in a more subtle fashion under the guise of humanitarianism, through organizations like the UN and World Bank.
 
otjm said:
Those likely do not qualify as trade secrets; and you have given one example of one (effectively ) incident. Nor have you shown that the scientists who worked on the Atomic Project were “stolen”.
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I think anyone would have a hard time denying that there where innumerable economic, social and political benefits from the nurturing of foreign scientists.
 
I will add however that the Soviet countries did engage in imperialism as well, it’s just that the usual critics of imperialism couldn’t bring themselves to call it such.

I can see China engaging in economic warfare. I’m not denying they are.
 
StudentMI said:
I can see China engaging in economic warfare.
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Very true it seems they have caught up as in they are learning quickly what it means to apply economic pressure to the rest of the world. I wonder where they got that idea from?
 
Again, which is irrelevant to the discussion.

Try again - something else. No one held a gun to any scientist’s head to gain cooperation so I do not accept your single instance.
 
I know this wasn’t addressed to me, but I’ll just write three words: Open Door Policy.
 
This is not a competition about who is wrong or right as we can all see differently. It is merely an extension of Capitalism vs. Socialism and the only confusion is your assertion that western democracies do not engage in industrial espionage of any type.

I simply said that this is hard to believe.
 
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