Comments on: The West is Red http://www.reasonforliberty.com/reason/the-west-is-red.html Because everything has a reason! Sat, 14 Jan 2012 17:52:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: yuva http://www.reasonforliberty.com/reason/the-west-is-red.html#comment-1900 yuva Wed, 21 Jan 2009 12:01:16 +0000 http://www.reasonforliberty.com/?p=2224#comment-1900 To begin with, there is no country which practises absolute capitalism, nor is there a country practising absolute socialism. Its a mix of both in any given country, perhaps leaning more towards one concept. That said, the fundamental concept of capitalism, is " right to property". Where do you see that concept being compromised? Would you think, organizations giving credit to un credit worthy person and then passing on the liability as encouragement of  " right to property "?? Its sheer stupidity and mis management. When govt steps in to ensure jobs are not lost, massive spending etc, it is an attempt to provide people with an opportunity to stake a claim to property by providing money in the market. Sure, in an idealistic capitalist situation, govt intervention should be null. But give me one example of such an idealistically capitalist country. To begin with, there is no country which practises absolute capitalism, nor is there a country practising absolute socialism. Its a mix of both in any given country, perhaps leaning more towards one concept.
That said, the fundamental concept of capitalism, is ” right to property”. Where do you see that concept being compromised?

Would you think, organizations giving credit to un credit worthy person and then passing on the liability as encouragement of  ” right to property “?? Its sheer stupidity and mis management. When govt steps in to ensure jobs are not lost, massive spending etc, it is an attempt to provide people with an opportunity to stake a claim to property by providing money in the market.

Sure, in an idealistic capitalist situation, govt intervention should be null. But give me one example of such an idealistically capitalist country.

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