Mike Gallagher gets outfoxed by socialist Alexandria Ocasio-Cortez and co

Politics
81

Well, to be 100% accurate, he popularized the word capitalist and capitalist mode of production , which appear more than 2600 times in the trilogy Das Kapital . LINK

:roll_eyes:

Also see: The Sad Decline Of The Word “Capitalism”

Like Klaus, I am not fond of giving up on battles and although I seldom use the word, I still like the concept of “capitalism” to describe some aspects of the economic system. I sometimes even wear a tie that Steve Forbes gave me with the inscription “capitalist tool.”

Should we care if we lose the term capitalism? Assessing its popularity, or lack thereof, I recently reviewed the mission of 25 leading market oriented think tanks around the globe. I could not find a single one using the term. “Free enterprise,” “free-markets” “free-economy” and better yet “free society” will continue to crowd out “capitalism,” if not as a system, at least as a word.

Today we have capitalism being practiced in the United States instead of a free enterprise free market system. Obama engaged in capitalism under the guise of “green energy”, and 85% of green energy capital supplied by the federal government went to Obama’s donors.

President Bush and the Republicans practiced capitalism when they passed the farm subsidy bill in 2008.

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.

Under Alexandria Ocasio-Cortez’s and Bernie Sanders’ form of capitalism, the distribution of capital from our federal treasury would continue and simply create different 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.

Fox News Channel personalities need to stop referring to our system as capitalism.

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, free enterprise system.

82

You are using capitalism and crony capitalism interchangeably. There are huge differences, the latter being a corruption of former.

AOC and Bernie Sanders are both capitalists lamenting the pitfalls inherent in the system, stemming from human nature and greed.

83

Definition of capitalism

: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market

84

Under Alexandria Ocasio-Cortez’s and Bernie Sanders’ form of capitalism, the distribution of capital from our federal treasury would continue and simply create different privileged classes, and preferential treatment would remain the order of the day.

JWK

Alexandria Ocasio-Cortez claims to be an advocate of hard working people living in the Bronx. If that is so, why is she not advocating an end to the unconstitutional “Temporary Victory Tax” of 1943, which began federal confiscation of the bread which working people have earned by the sweat of their labor?

85

Why hasn’t any president in the last 70 plus years?
How do you know it’s not on her list of things to do?
What makes you think you can lay it at her feet now?

86

Capitalism and free enterprise/market defined

.

Capitalism is best described as the investment of capital to realize a profit and sometimes achieve economic goals.

Free enterprise and free markets is best described as people being left free to pursue economic interests as each sees fit and left free to mutually agree in their contracts and associations.

Capitalists have money working for them, while those involved in free enterprise work for their money.

Capitalism gave us Obama’s green energy investment swindle, Fannie Mae and Freddie Mac, Enron, Bernard Madoff, our student loan crisis and other capital investment schemes, while free enterprise gave us such things as the phone, the model T Ford, mass production, and the mom and pop bakery and local plumber, carpenter, electrician and dentist.

JWK

Socialist democrats, like Alexandria Ocasio-Cortez and Bernie Sanders, running for office 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 they ever do get political power because of such promises made, their socialist iron-fisted dependency will enslave the very fools who elected them.

87

None of which would have happened without capital. None. They are inextricably entwined.

88

Capitalists have money working for them, while those involved in free enterprise work for their money.

JWK

Alexandria Ocasio-Cortez claims to be an advocate of hard working people living in the Bronx. If that is so, why is she not advocating an end to the unconstitutional “Temporary Victory Tax” of 1943, which began federal confiscation of the bread which working people have earned by the sweat of their labor?