In my opinion, capitalism is just the pursuit of MONETARY profit. This
can happen ONLY in an economist system which employs an extensive
price-system for guiding the production and distribution of goods and
services. Take away prices and money and there can be no "capitalism".

Harry Veeder

On Mon, 2 Jun 1997, coaster brake wrote:

> Paul E J King wrote:
> >
> > On Sat, 17 May 1997, Michael Coghlan wrote:
> > >
> > > I would have thought that it was abundantly clear - and again this is not
> > > from a theoretical standpoint - that socialism has failed in practice and
> > > that capitalist societies have shown themselves to be remarkably resilient
> > > in providing comparatively better lives for their citizens. People can
> > > debate the advantages of one against the other on a theoretical level, but
> > > in practice the answer is clear. Socialism has failed.
>
> it's a kick to hear people talking about how socialism has failed, or
> how capitalism will fail.  neither of these doctrines have ever been
> implemented.  the united states is far from capitalist.  where's the
> competition?  the free market?  why are there monopolies?  oligopolies?
> why does the state run the economy?  in what ways is the united states
> capitalist, aside from its cultural values?
> just some questions...
> ben
>