Socialism is a Kind of CapitalismSubmitted by Aussie on Fri, 02/26/2010 - 22:48
Careful when using the word Capitalism to distinguish between Free Market Capitalism and Socialist Capitalism (Socialism).
Capital exists. It is just a part of nature such as resources, human energy and tools etc. How you account for flows of capital defines Capitalism.
Free Market Capitalism means total private accounting is allowed. That means interference in many markets is mostly not possible. People can trust each other and keep their own accounts (credit/debit) - or balance the account by exchanging gold and silver or other products. This is their private system of accounting for exchanges of energy.
There is nothing wrong with keeping private accounts of your capital and your exchanges. Humans should strive to channel their own energy which is the purpose of private accounting. It is the responsibility of each individual to channel their own energy. That is an integral part of living! They need to keep private accounts to do this carefully. Why shouldn't they keep their own accounts and balance them with money? An HONEST system of money is not evil.
Pure Communism is all about a society with no money - all resources are allocated by central planners so no money is required. This means keeping private accounts is made totally illegal - thats what money is for: balancing private accounts. So Communism is the opposite of Free Market Capitalism.
Socialism is not the opposite of Capitalism, it is a kind of capitalism. Socialist Capitalism uses money but does not allow total private accounting, though may allow some private accounting. By demanding transparency of private accounts to varying degrees central planners can apply interferences. Socialism is easier to enforce than Communism and serves the integration of government interference and corporations better known as Fascism - the most extreme form of Socialist Capitalism.
Socialist Capitalism is pretty much the current situation in most of the world to varying degree - including China. As opposed to this, Free Market Capitalism mostly existed in the USA from about 1800-1900 and has been smothered and allowed to work less and less since because self-sufficency makes parasites irrelevent and they hate that. So they turn to corrupting the public force to steal energy. The solution is to turn attention to your courts and fix the due process of law to ensure perfection of justice. Which is what Ron Paul and the Constitutionalists are working on! :-P