Well Yeah Butt wrote:
agip wrote:you speak in theory. yes, you are right, in theory. but in reality a government will make rules and companies will find ways around the rules.
this is a perfect example - US companies were not allowed to ship oil to the third reich in 1940, so standard oil apparently used a panamanian subsidiary to do it.
I don't know the details exactly, but that's the heart of it.
OK, you seem like a reasonable fellow.
So, governments are neither perfect in efficiency nor in motive. Certainly true.
But still I come back to whether this has anything to do with capitalism. Unless you are defining capitalism fairly broadly whereby if there exist any powerful actors outside of national governments then this is defined as capitalism.
well that's how the world is generally set up, no? Two big centers of wealth and ability - government and private enterprise. Under a capitalist society the corporations do what they do to maximize profit. The government sets up rules and taxes to try to stop egregious activity by the corporations.
Not quite getting your argument.
But I was really being a bit oblique - one of my concerns is that capitalism is currently able to wreak huge pain on the world - with overfishing, with poorly run nuke plants, with pollution, with unsustainable farming strategies....all in the name of short term profits.
for example, fertilizer is apparently fairly cheap now, so industrial farms use way, way too much of it. That will cause the elements that make fertilizer to become rarer and rarer, eventually causing farming crises. but now, capitalism encourages these companies to use a lot of cheap fertilizer because that drives up short term profits. By the time fertilizer becomes rare, this crop of executives will be dead or retired, so they won't care.
in teh same sense, standard oil execs needed to hit their quarterly goals, so they sold oil to the third freaking reich, using strategems.
Are we defining terms the same way? Maybe we don't define capitalism the same way.