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AKA "Free Market Capitalism" ... (imgur.com)

submitted by Devils_Advicado

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[–]LowReadyVoluntarist 6 ポイント7 ポイント

This is an interesting sentiment on its face, but implying that either this quote or Churchill were promoting "free market capitalism" is entirely disingenuous.

[–]chabanaisFortis est veritas -5 ポイント-4 ポイント

I like how you used facts to back up your claim.

[–]glennflynn 0 ポイント1 ポイント

The opposite economic arrangement in Britain at the time from Free markets was Protectionism. Both were considered to be private enterprise. Churchhill's affiliations lied with the Protectionist Tories.

[–]PiercePyrite 5 ポイント6 ポイント

Interesting metaphor. If a free market is a horse that pulls a cart, what then is the horse driver? What are the blinders and bridle?

[–]DranoshSoCon, FinCon, antistatist, anti"equality" 3 ポイント4 ポイント

Blinders and bridle are the regulations that are necessary to promote competition such as anti-trust laws, and laws that protect consumers from deceitful practices etc. Sure, some regulations slow growth, but if you give a horse a bridle that is too small(too restrictive) it will slow to a crawl(if not stand still) and possibly hurt the horse. The Driver I guess could be entrepreneurship

[–]PiercePyrite 1 ポイント2 ポイント

I'd agree with the first two sentences, but I think the driver is more than entrepreneurship. The driver chooses the bridle and how to use it; they choose the limits of anti-trust laws and the penalties. In a representative democracy/republic all of the people take part in making these choices, not just the entrepreneurs.

[–]chabanaisFortis est veritas -1 ポイント0 ポイント

So "all the people" take a person's life savings, start a business, and work 100 hours per week to try and make it a success?

[–]PiercePyrite 2 ポイント3 ポイント

Some of those who make up "all of the people" do that. Others work for them and invest in what they see fit. Others are lucky enough to inherit from the product of other people's work. All influence the restrictions placed on the market by voting/speaking and investing time/money.

[–]chabanaisFortis est veritas -1 ポイント0 ポイント

So one person is taking all the risk but it's not his success.

Got it.

[–]PiercePyrite 2 ポイント3 ポイント

That's the way it is in a republic. No matter how hard you work you can't dictate to everyone involved in the market the terms of how the market should be run.

[–]chabanaisFortis est veritas -1 ポイント0 ポイント

If you're big enough you absolutely can.

[–]PiercePyrite 0 ポイント1 ポイント

Then it ceases to be a republic.

[–]chabanaisFortis est veritas 0 ポイント1 ポイント

So when the people of a state elect people who vote to give a tax break for a company to move to their community they no longer live in a Republic?

Interesting.

[–]chabanaisFortis est veritas 1 ポイント2 ポイント

What are the oats and sugar cubes?

[–]PiercePyrite 1 ポイント2 ポイント

A portion of the returns on investments. Sugar cubes? IDK. Subsidies perhaps?

[–]chabanaisFortis est veritas 0 ポイント1 ポイント

And the horseshoes?

[–]PiercePyrite -1 ポイント0 ポイント

They protect the market's fundamentals. heh heh.

[–]chabanaisFortis est veritas 0 ポイント1 ポイント

Heh.

[–]TheFerretman 1 ポイント2 ポイント

Smart man.