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Retrobyter -> RE: And that no man might buy or sell... (10/4/2008 11:54:21 PM)
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Shalom, Sinner-Saint. quote:
ORIGINAL: Sinner-Saint quote:
ORIGINAL: Retrobyter God does not judge capitalism! True capitalism is just being a good Jew! True Capitalism is more than being just a good Jew! True Capitalism feeds excess. True Capitalism erects the banking industry which lends money to keep people in debt by incessantly wanting all the luxuries Capitalism can provide. I need a new Porsche Cayman S. Dressed up nicely, it's only $83,000. God doesn't judge Capitalism? That is the whole point of Revelation 18! God does judge them and He will judge them harshly so much so that they can't act like "good" Jews! (There is none good but God.) I think it just might be time to re-visit the definition of capitalism. According to Wikipedia,... Capitalism is the economic system in which the means of production are owned by private persons, and operated for profit[1] and where investments, distribution, income, production and pricing of goods and services are predominantly determined through the operation of a free market[2], rather than by central economic planning. Capitalism is usually considered to involve the right of individuals and corporations to trade, incorporate, employ workers, and use money provided by central banks, in goods, services (including finance), labor and land.[2] In theory, production and distribution in a capitalist system are governed by the free market rather than state regulation,[3] with state action confined to defining and enforcing the basic rules of the market[4] though the state may provide a few basic public goods and infrastructure.[5] Unrestrained capitalism is confined to theory, as "all of the capitalistic societies of the West have mixed economies" with interventionist state regulation, social programs[6] and state ownership of some sectors. Capitalist economic practices became institutionalized in England between the 16th and 19th centuries, although some features of capitalist organization existed in the ancient world, and early forms of merchant capitalism flourished during the Middle Ages.[7][8] Capitalism has been dominant in the Western world since the end of feudalism.[7] From Britain it gradually spread throughout Europe, across political and cultural frontiers. In the 19th and 20th centuries, capitalism provided the main, but not exclusive, means of industrialization throughout much of the world.[9] The concept of capitalism has limited analytic value, given the great variety of historical cases over which it is applied, varying in time, geography, politics and culture, and some feel that the term "mixed economies" more precisely describes most contemporary economies.[10][11] Some economists have specified a variety of different types of capitalism, depending on specifics of concentration of economic power and wealth, and methods of capital accumulation.[9] The capitalist mixed economy is the main capitalist system, where the state intervenes in market activity and provides some services. Other systems include laissez-faire, where the state plays a minimal role and anarcho-capitalism where the market and private enterprise are completely free from the state which is nonexistent. During the last century capitalism has been contrasted with centrally planned economies, such as Marxian economies. What YOU'RE talking about is greed, lust, and foolish spending, all of which are well addressed in Scripture! It's like guns: Ever hear "Guns don't kill people; PEOPLE kill people!"? Well, it's true. A gun is simply a way of propelling a projectile at high velocities to transfer energy at a distance very quickly. WHAT the gun is used for makes the difference in how that machine is utilized. A person can use a hammer to drive a nail, or they could use the hammer to bash someone's skull! There are branches of the armed forces that are so well trained that they could use almost ANYTHING as a weapon in an emergency, like for instance, a pencil! If a person has murder in his or her heart, they will kill another person with whatever weapon they can find at hand, and whatever they choose to be the murder weapon is not to blame. The person's desire to murder is to blame! HIS OR HER SIN is to blame! The same is true for the free market enterprise and trade system! It's NOT capitalism that's to blame. For the first 200 years our country's been in existence, we've done pretty well with it! People have the right to go out and start whatever business in which they feel they can make some money. That's free enterprise! They can buy whatever they feel they need to buy for their business or home. That's free trade! The free market is the trading of goods and services that provide a win/win scenario for both the purchaser and the seller! These are all very positive things! Furthermore, economics has taught for a long time in the "invisible hand" concept of keeping the prices and costs balanced. Wikipedia again... The invisible hand is a metaphor coined by the economist Adam Smith. Once in The Wealth of Nations and other writings, Smith demonstrated that, in a free market, an individual pursuing his own self-interest tends to also promote the good of his community as a whole through a principle that he called “the invisible hand”. He argued that each individual maximizing revenue for himself maximizes the total revenue of society as a whole, as this is identical with the sum total of individual revenues. What's been happening over the last few months is that our love affair with purchasing on credit is catching up with us! As I heard one wise reporter say, this has been developing since the Clinton administration. Well, the truth is that it's been much longer than that! Because of the mentality of purchasing homes on credit, purchasing cars on credit, and other large purchases, we have put ourselves in bondage! "The borrower is servant to the lender!" Rather than deferring our purchases until we've saved up enough to go out and buy what we desire with cash, we have bought with money expected in our future, including that money's expected return (interest), the things we feel we can't live without right now. We do it on an individual family basis, but companies also do this same type of borrowing! Our country does this sort of borrowing! But, we have to admit that this kind of borrowing and purchasing can't go on indefinitely! Our country's banks and other businesses have maxed out their limits! That's all. Alaska used to have this solved. They never spent more than they took in and for years they have had SURPLUSES to give back to their taxpayers! Our nation also needs to operate this way and quit borrowing ourselves into more and more national debt! What we truly need is someone in office who is willing to make the tough decisions to get our country back on its financial feet again! Retrobyter
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