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Global Warming and the End of Capitalism

Discussions about the economic and financial ramifications of PEAK OIL

Re: Global Warming and the End of Capitalism

Unread postby vtsnowedin » Sun 12 Jan 2014, 09:59:28

$this->bbcode_second_pass_quote('americandream', '[')
You think a planet with finite resources can grow the wealth of a minority of very rich capitalists for ever without running out (or be replaced with commodities plucked out of the fresh air when they do...you seem to alternately juggle these two ideas in your noggin which is some feat) and/or destroying its delicate lifesupport systems whereas I don't. If the former is not stupid then I don't know what is.

I believe you have been deliberately stupified by the minority but still, it is sad that stupids abound.

A convoluted sentence there that manages to misrepresent my position on several levels. Apparently you never read my post just assume I'm repeating someone else’s talking points.
In my view: 1. Capitalism dose not just serve a minority at the top but all people at all levels and people are free to move between levels through their own efforts.
2. The world economy is not a zero sum game (I've said this repeatedly but you seem deaf to the reality of it) One man getting rich dose not necessitate other men getting poorer. 3. I have never said that replacement commodities will come from thin air. (Others may have but I have not.)When a commodity becomes scarce the price will rise and its use will be curtailed. Substitutes will be sought and found if possible but nothing but sunlight comes from thin air. 4. Overpopulation is the cause of the stress on our environment not capitalism and switching to a socialist system would make the problem worse not better at least until the collective farms failed and the "Excess population" starved to death.
If you care to respond please do so in English free of poli-sci/ Marxist buzz words. They are tedious to read and add nothing to the debate.
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Re: Global Warming and the End of Capitalism

Unread postby Lore » Sun 12 Jan 2014, 10:28:40

$this->bbcode_second_pass_quote('vtsnowedin', '1'). Capitalism dose not just serve a minority at the top but all people at all levels and people are free to move between levels through their own efforts.


Really, then why has the wealth discrepancy never been greater since prior to the Great Depression? Is it because, maybe, we are not practicing real capitalism here in the US, or is the economic practice itself inherently and ultimately at fault?

$this->bbcode_second_pass_quote('vtsnowedin', '2'). The world economy is not a zero sum game (I've said this repeatedly but you seem deaf to the reality of it) One man getting rich dose not necessitate other men getting poorer.


True, but here in the US a disproportionate number of people are getting richer in comparison to their actual contribution, while many others are getting poorer because of it.

$this->bbcode_second_pass_quote('vtsnowedin', '3'). I have never said that replacement commodities will come from thin air. (Others may have but I have not.)When a commodity becomes scarce the price will rise and its use will be curtailed. Substitutes will be sought and found if possible but nothing but sunlight comes from thin air.


There are alternatives, but no real substitute for fossil fuels and none for a livable climate.

$this->bbcode_second_pass_quote('vtsnowedin', '4'). Overpopulation is the cause of the stress on our environment not capitalism and switching to a socialist system would make the problem worse not better at least until the collective farms failed and the "Excess population" starved to death.


I see, so you're advocating getting rid of the poor and disadvantaged in favor of the wealthy. That would certainly take care of the population problem, but at that point the elites wouldn't be wealthy capitalists either. You sound like a wonderful humanitarian?
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Re: Global Warming and the End of Capitalism

Unread postby radon1 » Sun 12 Jan 2014, 10:46:11

$this->bbcode_second_pass_quote('vtsnowedin', ' ')people are free to move between levels through their own efforts.
This is not so. Some are free, but "people" as a whole are not.

Social dynamic is not a function of the economic system, it is a function of the stage of the development of the social system. People were quite free to move between levels through their own effort at the heyday of Ottoman Empire, in the Roman Empire, in the Soviet Union while it was on the rise, and in many other places.


$this->bbcode_second_pass_quote('', '2'). The world economy is not a zero sum game (I've said this repeatedly but you seem deaf to the reality of it) One man getting rich dose not necessitate other men getting poorer.
True (with some caveats), but only until the physical limits are reached - and then it may become less than zero sum game (as formulated by Pops here a while ago).

And even when the advance of capitalism does benefit both sides of the trade (which it tends to while the trade is expanding), this process is not always free from victims, sometimes on a significant scale (starved Indian weavers squeezed out by the British manufactured textile).
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Re: Global Warming and the End of Capitalism

Unread postby Strummer » Sun 12 Jan 2014, 10:54:46

$this->bbcode_second_pass_quote('vtsnowedin', 'O')ne man getting rich dose not necessitate other men getting poorer.


Maybe not other men, but the environment gets poorer. For every one man who gets richer, there are tens or even hundreds of plant and animal species that vanish from the face of the Earth forever.
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Re: Global Warming and the End of Capitalism

Unread postby vtsnowedin » Sun 12 Jan 2014, 12:39:38

$this->bbcode_second_pass_quote('Strummer', '')$this->bbcode_second_pass_quote('vtsnowedin', 'O')ne man getting rich dose not necessitate other men getting poorer.


Maybe not other men, but the environment gets poorer. For every one man who gets richer, there are tens or even hundreds of plant and animal species that vanish from the face of the Earth forever.

One does not necessarily lead to the other and a socialist system would be even harder on the environment due to higher levels of waste.
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Re: Global Warming and the End of Capitalism

Unread postby vtsnowedin » Sun 12 Jan 2014, 12:55:04

$this->bbcode_second_pass_quote('radon1', 'S')ocial dynamic is not a function of the economic system, it is a function of the stage of the development of the social system. People were quite free to move between levels through their own effort at the heyday of Ottoman Empire, in the Roman Empire, in the Soviet Union while it was on the rise, and in many other places.



Oh really? Actually throughout most of recorded history the child of a slave was destined to live all their life as a slave and a peasant farmer’s son would plow the same ground as his father. There were exceptions of course, veterans of the Roman legions earned citizenship etc. but the majority were stuck in their class based on parentage.
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Re: Global Warming and the End of Capitalism

Unread postby vtsnowedin » Sun 12 Jan 2014, 13:12:31

$this->bbcode_second_pass_quote('Lore', '[')$this->bbcode_second_pass_quote('vtsnowedin', '4'). Overpopulation is the cause of the stress on our environment not capitalism and switching to a socialist system would make the problem worse not better at least until the collective farms failed and the "Excess population" starved to death.


I see, so you're advocating getting rid of the poor and disadvantaged in favor of the wealthy. That would certainly take care of the population problem, but at that point the elites wouldn't be wealthy capitalists either. You sound like a wonderful humanitarian?

How you can draw that conclusion from my sentence is beyond me. It clearly states the socialist collective farms would be the cause of mass starvation and as I am clearly arguing against socialism I am obviously against their collective farms and the resulting starvation. Socialism will not raise the poor out of poverty but will instead guarantee poverty for the vast majority. I'm not talking about theory here. I'm talking about actual repeatedly achieved results.
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Re: Global Warming and the End of Capitalism

Unread postby vtsnowedin » Sun 12 Jan 2014, 13:35:02

$this->bbcode_second_pass_quote('Lore', '')$this->bbcode_second_pass_quote('vtsnowedin', '1'). Capitalism dose not just serve a minority at the top but all people at all levels and people are free to move between levels through their own efforts.


Really, then why has the wealth discrepancy never been greater since prior to the Great Depression? Is it because, maybe, we are not practicing real capitalism here in the US, or is the economic practice itself inherently and ultimately at fault?
Considering the number of years Democratic Liberals have been in power post WW2 and the socialist programs they have put in place the United States is now very far from a true Capitalist system. We now have fifty percent of the population taking out more then they are putting in a condition that can't go on indefinitely.

$this->bbcode_second_pass_quote('vtsnowedin', '2'). The world economy is not a zero sum game (I've said this repeatedly but you seem deaf to the reality of it) One man getting rich dose not necessitate other men getting poorer.


True, but here in the US a disproportionate number of people are getting richer in comparison to their actual contribution, while many others are getting poorer because of it.
What of it? If a Twitter dude sells everyone in America a product they want at $10.00 profit each and makes $3,500,000,000 who got poorer? The customers got the use of the App and twitter dude gets what's left of the money after the IRS gets it's cut.
$this->bbcode_second_pass_quote('vtsnowedin', '3'). I have never said that replacement commodities will come from thin air. (Others may have but I have not.)When a commodity becomes scarce the price will rise and its use will be curtailed. Substitutes will be sought and found if possible but nothing but sunlight comes from thin air.


There are alternatives, but no real substitute for fossil fuels and none for a livable climate.
So we surviving capitalists will learn or relearn to live without them and the end of their use will return the environment to where it was eventually.
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Re: Global Warming and the End of Capitalism

Unread postby radon1 » Sun 12 Jan 2014, 14:02:43

$this->bbcode_second_pass_quote('vtsnowedin', ' ')we surviving capitalists


No offence, but you may be flattering yourself - real capitalists are a rare species these days, and even the celebrities that are presented to the public as "successful entrepreneurs" have normally little to do with capitalism and entrepreneurship. And the real capitalists that indeed survived to these days certainly know what is up. Interestingly, AD appears to be the one in this thread who does earn return on capital on an ongoing basis.
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Re: Global Warming and the End of Capitalism

Unread postby ralfy » Sun 12 Jan 2014, 14:08:27

The ultimate driver of social mobility in capitalist systems isn't "effort" but credit.

The world is a zero-sum game in terms of material resources. It isn't in terms of credit which can be increased readily. And there's your problem.

There are substitutes for fossil fuels but their energy returns are not good enough to meet increasing needs. They will not allow for "business as usual."

Overpopulation was made possible because of capitalism. That is, manufacturing and food production using fossil fuels led to lower infant mortality rates, etc., and thus a population boom. The same goes for increasing resource consumption per capita.

A higher level of waste takes place with capitalism in the form of overconsumption. There is no conservation in capitalism because unused resources are considered a cost.

Socialism comes in many forms, and need not involve state capitalism, which includes collective farms.

If there are no substitutes for fossil fuels and significant damage to the environment due to climate change, then capitalists will not survive, as they rely on increasing credit made possible through increasing resource availability.
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Re: Global Warming and the End of Capitalism

Unread postby Quinny » Sun 12 Jan 2014, 14:29:04

Where on earth do you get the idea there would be higher levels of waste under a socialist society.

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Strummer', '')$this->bbcode_second_pass_quote('vtsnowedin', 'O')ne man getting rich dose not necessitate other men getting poorer.


Maybe not other men, but the environment gets poorer. For every one man who gets richer, there are tens or even hundreds of plant and animal species that vanish from the face of the Earth forever.

One does not necessarily lead to the other and a socialist system would be even harder on the environment due to higher levels of waste.
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Re: Global Warming and the End of Capitalism

Unread postby vtsnowedin » Sun 12 Jan 2014, 14:41:44

$this->bbcode_second_pass_quote('ralfy', 'T')he ultimate driver of social mobility in capitalist systems isn't "effort" but credit.Wrong ,credit is not extended where effort, management, raw materials and labor are not available.

The world is a zero-sum game in terms of material resources. It isn't in terms of credit which can be increased readily. And there's your problem. Wrong again! For all practical purposes our ability to extract material resources is limited to the effort we employ to find and retrieve them. There are absolute limits of course but you or I will never see them.
There are substitutes for fossil fuels but their energy returns are not good enough to meet increasing needs. They will not allow for "business as usual."
Overpopulation was made possible because of capitalism. That is, manufacturing and food production using fossil fuels led to lower infant mortality rates, etc.,
Nothing about scientific advances to public heath ,water supplies and sanitation.? and thus a population boom. The same goes for increasing resource consumption per capita.
Yes Capitalism has been a great success.
A higher level of waste takes place with capitalism in the form of overconsumption. There is no conservation in capitalism because unused resources are considered a cost. Totally false. Socialism comes in many forms, and need not involve state capitalism, which includes collective farms. But all its forms fail due to their basic conflict with human nature. The old Polish joke from Gdansk, "They pretend to pay us, We pretend to work."
If there are no substitutes for fossil fuels and significant damage to the environment due to climate change, then capitalists will not survive, as they rely on increasing credit made possible through increasing resource availability.

A Capitalist system can shrink as well as it can expand depending on prevailing conditions. This adaptability will allow many capitalist to survive while socialist citizens starve waiting for central government to provide.
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Re: Global Warming and the End of Capitalism

Unread postby vtsnowedin » Sun 12 Jan 2014, 14:55:28

$this->bbcode_second_pass_quote('Quinny', 'W')here on earth do you get the idea there would be higher levels of waste under a socialist society.


Oh bits like this you find here and there. $this->bbcode_second_pass_quote('', 'B')y 1980, 25 billion dollars were locked into inefficient, unfinished projects in Polish industry that were speculated to require an additional 50 billion dollars to complete. The Ursus Tractor Factory was one of the largest victims of this problem. By 1981, equipment that had been purchased in the West at the Ursus Factory amounted to 3,600 million złoty. Warehouse space at Ursus was filled with unused, unnecessary supplies, such as a stock of 1.6 million rarely used screws, for example, and since production of new warehouse space had stopped, other supplies were left to deteriorate outside. Gierek had invested nearly 1 billion dollars into a project of developing a modern Massey Ferguson model of tractor at Ursus, however due to licensing problems, these tractors could not be sold in the West, and could not be sold in the East because they were too expensive. Instead of the targeted production of 75,000 tractors per year, only 500 were produced.

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Re: Global Warming and the End of Capitalism

Unread postby radon1 » Sun 12 Jan 2014, 15:18:02

$this->bbcode_second_pass_quote('vtsnowedin', ' ')however due to licensing problems, these tractors could not be sold in the West,


Sounds as plain protectionism by the west, as anti-capitalist a measure as it can be. Having said that, the project was probably pretty meaningless undertaking from the outset.

Has little to do with capitalism and socialism though. Similar things happened in Peru, pre-revolutionary Russia, and probably in many other places if we dig.
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Re: Global Warming and the End of Capitalism

Unread postby careinke » Sun 12 Jan 2014, 15:23:14

$this->bbcode_second_pass_quote('Quinny', 'W')here on earth do you get the idea there would be higher levels of waste under a socialist society.

$this->bbcode_second_pass_quote('vtsnowedin', '')$this->bbcode_second_pass_quote('Strummer', '')$this->bbcode_second_pass_quote('vtsnowedin', 'O')ne man getting rich dose not necessitate other men getting poorer.


Maybe not other men, but the environment gets poorer. For every one man who gets richer, there are tens or even hundreds of plant and animal species that vanish from the face of the Earth forever.

One does not necessarily lead to the other and a socialist system would be even harder on the environment due to higher levels of waste.


The former East Germany would be a good example. At least if you define "waste" as pollution.
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Re: Global Warming and the End of Capitalism

Unread postby Serial_Worrier » Sun 12 Jan 2014, 15:26:18

the ingenuity of capitalism knows no bounds:

http://www.forbes.com/sites/ciocentral/ ... -in-sight/

Just apply the human mind to any problem and it's solved.
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Re: Global Warming and the End of Capitalism

Unread postby americandream » Sun 12 Jan 2014, 16:03:35

$this->bbcode_second_pass_quote('radon1', '')$this->bbcode_second_pass_quote('vtsnowedin', ' ')we surviving capitalists


No offence, but you may be flattering yourself - real capitalists are a rare species these days, and even the celebrities that are presented to the public as "successful entrepreneurs" have normally little to do with capitalism and entrepreneurship. And the real capitalists that indeed survived to these days certainly know what is up. Interestingly, AD appears to be the one in this thread who does earn return on capital on an ongoing basis.


The markets are in a permanent state of fear these days as the players know that this is headed for the all time bear inb the coming decades. In fact, your average trading chat room is almost reminiscent of extreme left wing sites these days, so disenchanted is your average trader.

The only bull that is driving the markets is the bull from China and that has largely to do with its relationship with Walmart and working class consumerism. That is the last bull in this china shop. When credit squeezes that into oblivion (and they are cranking up the Asians to spend Western style so that has a decade or two to run) we are done. By then what state the envirtonment will be in like is anyones guess.
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Re: Global Warming and the End of Capitalism

Unread postby americandream » Sun 12 Jan 2014, 17:21:43

If we are going to survive and prevail on this planet, this system will have to go. I see too much in my daily corporate life to have vtsnowedin's optimism.
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Re: Global Warming and the End of Capitalism

Unread postby vtsnowedin » Sun 12 Jan 2014, 19:08:09

$this->bbcode_second_pass_quote('americandream', 'I')f we are going to survive and prevail on this planet, this system will have to go. I see too much in my daily corporate life to have vtsnowedin's optimism.

I'm not all that optimistic. There are major upheavals ahead and the government structures and leadership currently in place are ill prepared to meet the challenge. On the other hand trashing the capitalist portions of our economy and moving to a more socialist system would in my view be a catastrophic failure. Better to work on fixing the corruptions and inequalities in the existing system then to start over with a system that has always failed in the end.
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Re: Global Warming and the End of Capitalism

Unread postby Lore » Sun 12 Jan 2014, 19:19:18

$this->bbcode_second_pass_quote('vtsnowedin', '
')Considering the number of years Democratic Liberals have been in power post WW2 and the socialist programs they have put in place the United States is now very far from a true Capitalist system. We now have fifty percent of the population taking out more then they are putting in a condition that can't go on indefinitely.


Got a reference for this, or is it just a feeling you have? 95% of the gains from the economic recovery have gone to the richest 1% of people, they own over 46% of the global economy. Per capita the wealthy are consuming more precious resources then any poor person could ever imagine.
http://in.reuters.com/article/2013/10/0 ... MD20131009

$this->bbcode_second_pass_quote('vtsnowedin', '
')What of it? If a Twitter dude sells everyone in America a product they want at $10.00 profit each and makes $3,500,000,000 who got poorer? The customers got the use of the App and twitter dude gets what's left of the money after the IRS gets it's cut.


I have no idea what your point is suppose to mean? I'm describing disproportionate wealth as a class, not somebody that hits the lotto, or makes the next best toy that everyone has to have. You're just agreeing with what I already was admitting to as being irrelevant to the discussion.

When you have a small group of people absorbing huge amounts of capital they can make some hefty expenditures, but none of that equals anywhere near to what would be spent if that money were to be spread out among the masses. For instance Mitt Romney was asked how many cars he drives. He answered by saying two for himself and two for his wife. His income is around 20 million a year, most of which is from unearned income. If that money were divided by the average working wage it would equate to public ownership of over 400 autos. Regardless of politics, disproportionate wealth if anything is dragging down the economy.

$this->bbcode_second_pass_quote('vtsnowedin', '
') So we surviving capitalists will learn or relearn to live without them and the end of their use will return the environment to where it was eventually.


I'm pretty sure there will be people long after capitalism surrenders.
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