Branh does not know anything about capitalism
This topic was created in the Scorpio forum by red_aries on Sunday, December 14, 2008 and has 31 replies.
So it is apparent that Branh, the self-proclaimed economist and capitalist of Dxp, is an advocate for capitalism and business interests. I am here to challege your assumption and understanding of economics.
U just finished a course in economics ?
lol
""U just finished a course in economics ?""
- lol. I figured as much.
_________________________________________________
""No no! Don't listen to ash!
Spread the knowledge around.""
- LOL
- lol. I figured as much.
_________________________________________________
""No no! Don't listen to ash!
Spread the knowledge around.""
- LOL
BTW - Aries are matchless when it comes to knowledge.
While others work hard and accumulate, we just manufacture it.
While others work hard and accumulate, we just manufacture it.
LOL
Well, I have nothing against Branh. I want to know if he really knows what he claims to know and how that correspond to what i think.
Guarav, you don't need to get a degree in economics to be an economic expert. You just need to manufacture BS and sound like an expert. 
If you are a capitalist , you must know the below.
1. If you do not know how your work produce money, you are not a capitalist
(meaning your work itself can produce money, rather than a paycheck from your boss)
2. A capitalist never works for his money, he makes his money work for him
3. Money itself is always recycled.
4. The earth resource is free and have no value. But capitalists hire workers to manufacture it and sell it to people at a higher value.
Branh claims that he does not believe in free launch and that everyone should work for his money. That itself does not constitude capitalism. It only constirtudes that he elieve in the capitalist enterprise system and likes corprations to take away his money.
If you are a capitalist , you must know the below.
1. If you do not know how your work produce money, you are not a capitalist
(meaning your work itself can produce money, rather than a paycheck from your boss)
2. A capitalist never works for his money, he makes his money work for him
3. Money itself is always recycled.
4. The earth resource is free and have no value. But capitalists hire workers to manufacture it and sell it to people at a higher value.
Branh claims that he does not believe in free launch and that everyone should work for his money. That itself does not constitude capitalism. It only constirtudes that he elieve in the capitalist enterprise system and likes corprations to take away his money.
Im Free to a good home
This is good. I need someone to argue with find out the validity of what I think. It is better if that someone has power to prove me wrong, then i can learn about the truth.
You are right Branh, Human behavior is economic behavior.
We can start with this point:
The bank recycles your money. When you put money in the bank account, then bank will lend it to some other person who helps the bank produce more money. Then the person will give money back to the bank to store it.
In general , people hate spending money
and that people hate marketing
Yet this is the foundation of all business , they market their product and hope people will buy it. how business produce profit this way I can never understand.
We can start with this point:
The bank recycles your money. When you put money in the bank account, then bank will lend it to some other person who helps the bank produce more money. Then the person will give money back to the bank to store it.
In general , people hate spending money
and that people hate marketing
Yet this is the foundation of all business , they market their product and hope people will buy it. how business produce profit this way I can never understand.
Xun, U must be taking economics lessons from Ur Aries dad.
Aha !...Cappy Angels on the prowl ..
Cappy mind ? 
Aha !...Cappy Angels on the prowl ..
You rang sir
You rang sir
ACTUALLY, if you think about it as you said the earth is full of free resources, capitalists only make it easier for you by handing you the finished product that way you won't need to slaughter cows and chicken for dinner nor hang at Niagra Falls to generate electricity for your home. Little things like these are unappreciated.
However, capitalism isn't entirely perfect, there are in fact Robber Barrons out there who steal money. Don't get me started on the banking system. In terms of businesses, it is known that when there is high demand, prices go up, but when there is surplus, prices go down. I find this practice unfair because I believe that the consumer should pay for the products worth not how they think it should be worth (retail).
However, capitalism isn't entirely perfect, there are in fact Robber Barrons out there who steal money. Don't get me started on the banking system. In terms of businesses, it is known that when there is high demand, prices go up, but when there is surplus, prices go down. I find this practice unfair because I believe that the consumer should pay for the products worth not how they think it should be worth (retail).
HA HA, Xun knows what she is talking about, it's YOU guys that DONT KNOW anything about what's going on economically in other countries.
Before you correct someone, watch World News or read a newspaper instead of watching The Hills or Dr Phil - who's by the way not even a real doctor, lmfao!
Before you correct someone, watch World News or read a newspaper instead of watching The Hills or Dr Phil - who's by the way not even a real doctor, lmfao!
Sb, economic growth is motivated by productivity and consumption.
India and China has a hungry market, that is why that consumers invest large amount of money on buasinesses to procduce goods.
a consumer must have money to have the right to purchase and consumen a good, a producer must have money in order to have the power to produce a good.
India and China has a hungry market, that is why that consumers invest large amount of money on buasinesses to procduce goods.
a consumer must have money to have the right to purchase and consumen a good, a producer must have money in order to have the power to produce a good.
What I don't understand is capitalism and people are driven by money fetish?
human power + earth resource = ?
every day we are using human power to do something.
Why does some work has economic value and why does some work does not?
human power + earth resource = ?
every day we are using human power to do something.
Why does some work has economic value and why does some work does not?
Its not the caste system, Sb . There's logic behind why someone makes more money than you.
Since Branh is back I decided to reviove this thread.
Since Branh is back I decided to reviove this thread.
Branh, I don't know the answer of this question. I need your help 
:
The driving force of capitalism is using wealth to create more wealth.
So how do some people use their wealth to generate more wealth?
And why do some people spend money on certain goods and never on others?
:The driving force of capitalism is using wealth to create more wealth.
So how do some people use their wealth to generate more wealth?
And why do some people spend money on certain goods and never on others?
Thatz true for any system Xun - not just the caste system.
"Why does some work has economic value and why does some work does not?"
In pure economic terms - perhaps it can be explained by demand and supply. Assuming demand to be a fixed variable, levels of supply will decide the price/value equilibrium. Supply in turn can be affected by a number of factors like the ease of acquiring skills required for prducing goods and services,associated gestation period, input prices which are in turn again driven by supply conditions further upstream, state of market maturity and evolution, regulations etc.
For example there may be X number of people who would need their houses to be cleaned - but the price that they would be ready to pay will depend on whether the market is unorganized and hence there are associated search and negotiation costs, number of cleaners available and the ease of locating them, willingness and abilty of the buyer to clean the house himself,social profile of the buyer etc. Any entrepreneur would have a great opportunity in finding unorganized markets and identifyin and removing extra costs or ineffciencies, creating a win-win situation and delivering enhanced value.
Then there are other factors like monopoly, organized labor and artificial constraints placed on supply.
In pure economic terms - perhaps it can be explained by demand and supply. Assuming demand to be a fixed variable, levels of supply will decide the price/value equilibrium. Supply in turn can be affected by a number of factors like the ease of acquiring skills required for prducing goods and services,associated gestation period, input prices which are in turn again driven by supply conditions further upstream, state of market maturity and evolution, regulations etc.
For example there may be X number of people who would need their houses to be cleaned - but the price that they would be ready to pay will depend on whether the market is unorganized and hence there are associated search and negotiation costs, number of cleaners available and the ease of locating them, willingness and abilty of the buyer to clean the house himself,social profile of the buyer etc. Any entrepreneur would have a great opportunity in finding unorganized markets and identifyin and removing extra costs or ineffciencies, creating a win-win situation and delivering enhanced value.
Then there are other factors like monopoly, organized labor and artificial constraints placed on supply.
RA - there are so many "soft" influences that the whole business of economic predictions has become a messy affair.
What you perceive as "value" is a function of what is inherently your sub-conscious system of values as well as what you are made to believe over a period of time. And values change over time - animal fur and skin might have been in vogue long ago but tomorrow it may be banished from all parts of the world. As global citizens, we are asked to consume natural resources wisely and leave a great legacy for the genrations to come - thatz the value of sarifice. But at the same time people may also think that they are entitled to use resources as they wish to since they wont be anyways witnessing what their children are going to do in the future. What value are we talking of, here ? They may as well attempt to create a societal/educational system which in turn may enable their progeny to devise intelligent and innovative ways of taking the civilizational progress to newer heights with less resources. Why cant we trust our children and leave them with the skills to perfect hydrogen as a fuel, to erect sub-sea residential structures, to make trees grow in 2 years flat ? Anyways our future generations are expected to reap the benefits the cumulative process of scientific innovation and development - why are we led to believe that this program has to be only systematic, controlled and deterministic ? Why cant it have random elements of chance ? Why cant the future generations adapt to their prevailing conditions ? Have we done worse than our forefathers in terms of health, safety and life expectancy ?
What you perceive as "value" is a function of what is inherently your sub-conscious system of values as well as what you are made to believe over a period of time. And values change over time - animal fur and skin might have been in vogue long ago but tomorrow it may be banished from all parts of the world. As global citizens, we are asked to consume natural resources wisely and leave a great legacy for the genrations to come - thatz the value of sarifice. But at the same time people may also think that they are entitled to use resources as they wish to since they wont be anyways witnessing what their children are going to do in the future. What value are we talking of, here ? They may as well attempt to create a societal/educational system which in turn may enable their progeny to devise intelligent and innovative ways of taking the civilizational progress to newer heights with less resources. Why cant we trust our children and leave them with the skills to perfect hydrogen as a fuel, to erect sub-sea residential structures, to make trees grow in 2 years flat ? Anyways our future generations are expected to reap the benefits the cumulative process of scientific innovation and development - why are we led to believe that this program has to be only systematic, controlled and deterministic ? Why cant it have random elements of chance ? Why cant the future generations adapt to their prevailing conditions ? Have we done worse than our forefathers in terms of health, safety and life expectancy ?
Thanks for the information Gaurav.
What I mean by value is why are some people are being paid more in their work than others.
Any form work output in today's capitalist society is measured in terms of money and revenue.I do not understand this.
Any form work output in today's capitalist society is measured in terms of money and revenue.I do not understand this.
AQlso Guarav, do you know what capital is? I am giuessing it means more than money. You can not understand capitalism without understanding the term capirtal.
Capitalism is the reason to blame for inequality.
Because some people are stupid and beleived working hard and spending morte hours at his job will pay more.
While otyhers would go and figure out how to make money from the market works.
Because some people are stupid and beleived working hard and spending morte hours at his job will pay more.
While otyhers would go and figure out how to make money from the market works.
There are reasons why some people never get rich.
There is a differnece between money and capital. (I don't know what that diffenrence is)
The problem with capitalism is that people can always produce, but they cannot always consume what they produce. Decreased consumtion results unemployment, meaning your job depends on the apeptite of the market.
The problem with capitalism is that people can always produce, but they cannot always consume what they produce. Decreased consumtion results unemployment, meaning your job depends on the apeptite of the market.
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