We are here talking about Alexandria Ocasio-Cortez’s description of capitalism.
click here https://twitter.com/tomselliott/status/1104950929600794626/video/1
https://twitter.com/i/status/1104950929600794626
You did write: Capitalism is the form of free market enterprise that you are saying that the Founders intended. Alexandria Ocasio-Cortez’s definition seems far different than yours.
JWK
Many people agree with her… others don’t. She isn’t the arbiter of words.
But words do matter my friend. And by adopting Alexandria Ocasio-Cortez’s language which references our system as capitalism, or a capitalist system, and embracing that terminology instead of referencing our system using the prefix “free” as our founders did, you assist Alexandria Cortez and her ilk in concealing what these socialist leaders are really attacking which is attacking mankind’s inalienable right to be free to mutually agree in their contracts and associations.
For more on the distinctions between our system, as intended by our Founders, and “Capitalism”, see: PART TWO: Free Enterprise is Better than Capitalism The following descriptions of “Capitalism” and “Free Enterprise” are noted as follows:
Capitalism (crony capitalism): A system where the law encourages market forces and also gives preference and special benefits to the sector of the economy owned by big capital—including big corporations like in Corporatism, but also wealthy foreign and multinational corporations, and highly influential non-corporate institutions such as rich foundations, moneyed trusts, political parties, well-funded lobbies and special interest groups, affluent non-profit entities, wealthy families, moneyed foreign investors, and others with large amounts of capital. Under this system, the rich rule society, and they naturally influence government to maintain policies that benefit the rich more than others.
Free Enterprise: A system where the law encourages market forces and gives no special preferences; it protects equal rights for all individuals and entities and leaves initiative and enterprise to private individuals, groups, businesses and organizations that are all treated equally and with minimal legislation by the legal code.
JWK
The liberty of the people to succeed or fail at their own hand is a socialist leader’s nightmare, and not the American Dream.
AOC has little to no influence on the term “Capitalism”
Here… read some Ayn Rand.
http://itech.fgcu.edu/faculty/bhobbs/Capitalism-The%20Unknown%20Ideal.pdf
What you just posted doesn’t negate that banknotes issued by the First Bank of the United States were in fact legal tender.
But we are talking about the meaning of “capitalism”. And, its meaning varies significantly between those who use it. Capitalism has been associated with mercantilism, laissez faire, corporatism, and even free trade, free market, and free enterprise. Obama, for example, adopted crony capitalism under the guise of “green energy”, and 85 % of green energy money supplied by the federal government went to Obama’s donors.
Under Alexandria Ocasio-Cortez’s and Bernie Sanders’ socialist agenda, the same crony capitalism would be on display with a newly created privileged class and preferential treatment would remain the order of the day. But under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.
JWK
Exactly… which is why you are making a distinction without a difference in the OP.
Just because AOC and Sanders are critics of Capitalism doesn’t mean that the system of free exchange that you say that the founders set up cannot also be called Capitalism.
Connotation and Denotation are how language works.
I see your reading comprehension problem is clouding you thinking once again. The OP is not attempting, as its main objective, to make a distinction between the terms free enterprise, free market, free trade and capitalism. Aside from that there are a number of distinctions between a free market system or free enterprise and capitalism. LINK
Also see: PART TWO: Free Enterprise is Better than Capitalism
JWK
If one were to draw a Venn diagram.
How much would the circles overlap?
Where would they not overlap?
Once again you are in error. Under the “Act to incorporate the subscribers to the Bank of the United States” of February 25, 1791, Section 10 declared:
that the bills or notes of the said corporation, originally made payable, or which shall have become payable on demand, in gold and silver coin, shall be receivable in all payments to the United States.”
By the Act, the U.S. government was required to accept those notes, e.g., in the payment of taxes. They were not made a “legal tender for all debts, public and private” by said Act.
JWK
In this conversation, that is irrelevant to me. But if you are truly interested, then follow the two links I provided.
JWK
It is a distinction without a difference.
Only in your mind and the mind of the uniformed.
JWK
The Judge Explains the Difference between Capitalism and free Markets
Free Market vs. Capitalism - Not The Same Thing
JWK
She’ against Capitalism of any kind.
PhillyGuy
Except for her crony capitalism.
Under Alexandria Ocasio-Cortez’s and Bernie Sanders’ socialist agenda, today’s same crony capitalism would be on display, but with newly created privileged classes and preferential treatment would remain the order of the day. But under a free enterprise/free market system, as our founders intended, no preferential treatment is to be expected while the inalienable right of people being free to mutually agree in their contracts and associations would be a primary priority of government.
JWK
The Bernie Sanders and Alexandria Ocasio-Cortez’s socialism, AKA Crony Capitalism, will promise food on the table, free public housing, health care for all, guaranteed income, free college tuition, and other niceties by taxing the so called rich; and if by chance their socialist leadership gains control because of such promises made, the end result, as John Adams stated, “will be revengeful, bloody, and cruel” especially for the most productive, hardworking members of the community.
In defense of Mike Gallagher, I do not consider him an enemy to our constitutionally limited system of government. But he does make errors from time to time, and not making the distinction between our “free” market, “free” enterprise system from today’s “Crony Capitalism” is one of those errors. Unfortunately, a number of Fox News Channel’s personalities also make the same error.
I just though addressing this error may open the eyes of some who have unsuspectingly allowed the “left” to control language in order to obscure their true intentions.
JWK
It was February of 2019 when an ongoing invasion of America’s borders swelled to tens of thousands a month, not a shot was fired to defend the borders of the United States, and America’s domestic enemies, socialists, communists and anarchists in Congress, pushed forward with their attempt to embrace the invasion in hopes of conquering a prosperous and freedom loving people.
Hey, adroit, is your silence confirmation that YOUR FACTS were not “facts” after all?
JWK
The Federal Reserve System of 1913 and the Sixteenth Amendment, also of 1913, have spread the evil tentacles of crony capitalism into almost every corner of our once free market system.
Doesn’t it make you feel awkward that you sound a whole lot like communists who say the Soviet Union was not socialists but “state capitalist”?
“Crony capitalism” is the only kind of capitalism that has ever existed. In common parlance, “capitalism” and “free markets” are synonyms. “Capitalism” is even used positively by defenders of free markets like Objectivists.
You call Cortez’s policies “crony capitalism”, but she and socialists would call your preferred policies “cronyism” and you’d have no argument against them doing that. You can’t explain why weakening environmental protection, weakening labor rights, nullifying/banning arbitration clauses, or privatizing public lands is not cronyism.
It absolutely was not.
Also false. Marx made use of the term “free trade”, albeit mockingly.
There is no neutrality. Your preferred set of rules, for instance, gives special treatment to “owners” of capital that lets them control who may and may not use said capital.
