tag:blogger.com,1999:blog-8820814198873126054.post1490793502597347200..comments2023-10-20T05:51:51.625-04:00Comments on The THINK 3 INSTITUTE: The commodification of health care and its consequences in the courtsSamuel Wilsonhttp://www.blogger.com/profile/00934870299522899944noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8820814198873126054.post-12477972156571536492012-07-07T22:02:02.663-04:002012-07-07T22:02:02.663-04:00Azrael, that may be how capitalism describes itsel...Azrael, that may be how capitalism describes itself, but it doesn't square with the prevailing assumption that free enterprise can generate unlimited amounts of wealth. If by communists you mean the Bolsheviks, I'd agree that they were just as unconscious of inherent limits, but capitalism as it acts in the world, not the classroom, is just as utopian in its assumptions.Samuel Wilsonhttps://www.blogger.com/profile/00934870299522899944noreply@blogger.comtag:blogger.com,1999:blog-8820814198873126054.post-60474669929857543132012-07-07T07:08:28.968-04:002012-07-07T07:08:28.968-04:00Actually its communism that assumes that all commo...Actually its communism that assumes that all commodities are limitless, and also that humans will work purely for the common good, without profit motive.<br /><br />Capitalism assumes that commodities are scarce, and price set by demand and supply is the most efficient method of allocation. <br /><br />This is first week economics stuff.LordAzraelhttps://www.blogger.com/profile/02436827589964028307noreply@blogger.comtag:blogger.com,1999:blog-8820814198873126054.post-23785256199978598312012-07-07T07:06:35.139-04:002012-07-07T07:06:35.139-04:00Capitalism is not based on the assumption that all...Capitalism is not based on the assumption that all commodities are infinite. That would be socialism that believes you can give everything to everyone. Capitalism inherently is about using price to most efficiently allocate SCARCE resources. Maybe you should at least read the first chapter of an economics text before trying to define capitalism.LordAzraelhttps://www.blogger.com/profile/02436827589964028307noreply@blogger.comtag:blogger.com,1999:blog-8820814198873126054.post-27582923177771620622010-12-14T08:51:48.765-05:002010-12-14T08:51:48.765-05:00A consumer society is bound to eventual collapse b...A consumer society is bound to eventual collapse because, like capitalism in general, it is based on a false premise that everything is a commodity and that all commodities are infinite. <br /><br />Once a society has reached a point where the population outstrips the ability sustain itself and all commodities become scarce, collapse becomes imminent. In a manner of speaking, consumerism is a cancer.Anonymousnoreply@blogger.com