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What does Capitalism mean to You?

 
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Apr 16, 2009 12:46 AM ET    Quote  Report Abuse
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What does Capitalism mean to You?????
 
 
and I`ll start...
 
 
The Opportunity To work harder and smarter and be rewarded for it.
 
 
"to be rewarded for extra effort"
 
TheSoMeEx

posts: 136

Apr 16, 2009 6:40 AM ET    Quote  Report Abuse
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I`ll agree with your starting definition, and add:

The opportunity to make a profit by providing value to others.

The opportunity to fail when I forget that I am in business for others, because failure will remind me that I am on the wrong track.

patentandtrademark

posts: 1332

Apr 16, 2009 9:34 AM ET    Quote  Report Abuse
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It means that business enterprises have the opportunity to both succeed AND fail - which is why a government can`t participate in capitalism as a business.
 


-------------------------

James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com
Casi

posts: 72

Apr 16, 2009 11:05 PM ET    Quote  Report Abuse
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Capitalsim is about scale.  When applied to small businesses, profits are socialized and losses are privatized.  But when capitalism is applied to big businesses, profits are privatized and losses are socialized.


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Brendita`s Body Works - Organic Skin & Hair Care Products
CraigL

posts: 9051

Apr 18, 2009 3:36 PM ET    Quote  Report Abuse
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Capitalism means to me that we should wish for world peace and all get along. Each night, I close my eyes and say, "I DO believe, I DO believe," and envision Tinkerbell helping the world to be a better place.
TheSoMeEx

posts: 136

Apr 19, 2009 5:59 AM ET    Quote  Report Abuse
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Tinkerbell? The one from PeterPan, or do you have your own version?

The one from "Jack L. Chalker`s River of Dancing Gods" series is a bit different...

*grins*

CraigL

posts: 9051

Apr 19, 2009 3:21 PM ET    Quote  Report Abuse
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Kinda hard to come up with a definition when the premise is that everyone uses their own, personal, unique dictionary.
TheSoMeEx

posts: 136

Apr 20, 2009 5:19 AM ET    Quote  Report Abuse
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It is, but I find it fascinating anyway. I am a big fan of discussing semantics, since the smallest differences in definitions and reactions to a word can cause larger rifts than obviously different opinions.

Can you tell I grew up with a philosophy professor? *grins*

Shokoya

posts: 80

May 26, 2009 2:43 PM ET    Quote  Report Abuse
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Creating a virtual cow from scratch, systemising it to milk itself, then sell the milk over the internet and deposit the funds into my account whilst I drink pina-colada in the Bahama`s.

Then again, I might go for any of the following...

TRADITIONAL CAPITALISM

You have two cows. You sell one and buy a bull. Your herd multiplies, and the economy grows. You sell them and retire on the income.

SURREALISM

You have two giraffes. The government requires you to take harmonica lessons.

AN AMERICAN CORPORATION

You have two cows. You sell one, and force the other to produce the milk of four cows. Later, you hire a consultant to analyze why the cow has dropped dead.

ENRON VENTURE CAPITALISM

You have two cows. You sell three of them to your publicly listed company, using letters of credit opened by your brother-in-law at the bank, then execute a debt/equity swap with an associated general offer so that you get all four cows back, with a tax exemption for five cows. The milk rights of the six cows are transferred via an intermediary to a Cayman Island Company secretly owned by the majority shareholder who sells the rights to all seven cows back to your listed company. The annual report says the company owns eight cows, with an option on one more. You sell one cow to buy a new president of the United States , leaving you with nine cows. No balance sheet provided with the release.

The public then buys your bull.

A FRENCH CORPORATION

You have two cows. You go on strike, organise a riot, and block the roads, because you want three cows.

A JAPANESE CORPORATION

You have two cows. You redesign them so they are one-tenth the size of an ordinary cow and produce twenty times the milk. You then create a clever cow cartoon image called ‘Cowkimon’ and market it worldwide.

A GERMAN CORPORATION

You have two cows. You re-engineer them so they live for 100 years, eat once a month, and milk themselves.

AN ITALIAN CORPORATION

You have two cows, but you don’t know where they are. You decide to have lunch.

A RUSSIAN CORPORATION

You have two cows. You count them and learn you have five cows. You count them again and learn you have 42 cows. You count them again and learn you have 2 cows. You stop counting cows and open another bottle of vodka.

A SWISS CORPORATION

You have 5000 cows. None of them belong to you. You charge the owners for storing them.

A CHINESE CORPORATION

You have two cows. You have 300 people milking them. You claim that you have full employment, and high bovine productivity. You arrest the newsman who reported the real situation.

A BRITISH CORPORATION

You have two cows. Both are mad.

AN IRAQI CORPORATION

Everyone thinks you have lots of cows. You tell them that you have none. No-one believes you, so they bomb you and invade your country. You still have no cows, but at least now you are part of a Democracy…

AN AUSTRALIAN CORPORATION

You have two cows. Business seems pretty good. You close the office and go for a few beers to celebrate.

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Source: 21 Financial Models Using Cows

Shokoya5/26/2009 5:25 PM
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