I agree. Ownership also involves control. So, capitalists have control over the means of production. Some have more control than others, depending on their share of the pie. Those with more control over property can also exert more control of other areas of a society, such as the making and enforcement of laws and regulations.They aren’t. But you usually find free enterprise and free markets where you find Capitalism.
Capitalism is simply an economic system in which the means of production are owned by private individuals.
Go here: abovethelaw.com/career-files/the-best-online-law-schools-jd-and-llm-programs/So, if Congress does not pass regulations then how do they have the force of law?
If they are illegal, and do not carry the force of law, then how can people get in trouble for breaking these regulations?
If Congress gives legal authority to these departments to carry out and enforce these regulations, then they carry the force of law, thus, they are laws.
If they weren’t laws then you could not be tried in courts of laws for breaking them.
The power of the Congress to pass such laws is in the public welfare clause of Article 1 Section 8 of the Constitution.How about quarantines established by the CDC? How about confiscation of certain items in air terminals? How about prohibition of importation across state lines of certain kinds of fruit? How about mandatory evacuation orders in disaster areas? These are enforced and anyone who refuses can be arrested.
Now that is an excellent definition of the type of non-capitalism we have in America today.I agree. Ownership also involves control. So, capitalists have control over the means of production. Some have more control than others, depending on their share of the pie. Those with more control over property can also exert more control of other areas of a society, such as the making and enforcement of laws and regulations.
You must be a libertarian based on your last sentence.Now that is an excellent definition of the type of non-capitalism we have in America today.
Government regulations proposed and written by one company to gain an advantage over a competitor. “Phony Capitalism”
A Free Market entrepreneur succeeds by pleasing his customers; a political entrepreneur succeeds by influencing the government.
True Capitalism is based on secure private property rights, the division of labor, social cooperation, freedom of contract, freedom of association, and voluntary exchange on the Free Market. It is characterized by an absence of government regulation and taxation.
There is no difference between laws and regulations. It’s just semantics.Go here: abovethelaw.com/career-files/the-best-online-law-schools-jd-and-llm-programs/
Or
Google “laws vs regulations”
It will save me a lot of time and you might learn something.
Laws and regulations can be illegitimate.There is no difference between laws and regulations. It’s just semantics.
That is not “True” Capitalism.True Capitalism is based on secure private property rights, the division of labor, social cooperation, freedom of contract, freedom of association, and voluntary exchange on the Free Market. It is characterized by an absence of government regulation and taxation.
What does that have to do with what I am talking about?Laws and regulations can be illegitimate.
That sounds like a problem with government and politics. Government can counteract that control, but it is hard to do when the government is in bed with business.I agree. Ownership also involves control. So, capitalists have control over the means of production. Some have more control than others, depending on their share of the pie. Those with more control over property can also exert more control of other areas of a society, such as the making and enforcement of laws and regulations.
Agreed. But, capitalism is grounded in the laws in which it operates.That is not “True” Capitalism.
Capitalism is simple an economic system in which the means of production are owned by private individuals.
Government regulation and taxation really has nothing to do with Capitalism.
Yes, laws can influence decision making in any society, not just a capitalistic one. Again, that is a government problem.Agreed. But, capitalism is grounded in the laws in which it operates.
Further, the laws can influence decision making in the capitalistic economic system. Economics is all about choice anyways.
What business? Politics is not government. When the wrong politics is in control in government it can be good for some business and bad for other business.That sounds like a problem with government and politics. Government can counteract that control, but it is hard to do when the government is in bed with business.
Politics and government are basically the same thing. Government should be neutral with regards to business. Their only job is to protect people from other people.What business? Politics is not government. When the wrong politics is in control in government it can be good for some business and bad for other business.
No, it’s all about choice. If you are referring to macroeconomic measures, such as GDP, those are just measurements of the end result of decisions that were made.Yes, laws can influence decision making in any society, not just a capitalistic one. Again, that is a government problem.
Economics is about more than choice.
Where does it say that in the law? I’m not familiar with the equalness concept in our laws. How many agencies are there out there regulating different industries? How about how they regulate the distribution of income differently for different legal forms of business via the tax code?Politics and government are basically the same thing. Government should be neutral with regards to business. Their only job is to protect people from other people.
I don’t believe I said equal, I said neutral.Where does it say that in the law? I’m not familiar with the equalness concept in our laws. How many agencies are there out there regulating different industries? How about how they regulate the distribution of income differently for different legal forms of business via the tax code?
If you think Economics is just about choice, then you don’t understand Economics.No, it’s all about choice. If you are referring to macroeconomic measures, such as GDP, those are just measurements of the end result of decisions that were made.
How does the Federal government’s power to regulate interstate trade protect people from other people?Politics and government are basically the same thing. Government should be neutral with regards to business. Their only job is to protect people from other people.