Quote from: cr1776 on July 10, 2013, 04:51:43 PM

That is not capitalism, it is fascism or socialism or, as someone said above, crony capitalism:
Capitalism is a social system based on the principle of individual rights. Politically, it is the system of laissez-faire (freedom). Legally it is a system of objective laws (rule of law as opposed to rule of man). Economically, when such freedom is applied to the sphere of production its result is the free-market.
-- http://capitalism.org

Quote from: Inedible on July 10, 2013, 04:43:06 PM

Quote from: Elmore ASIC on July 10, 2013, 04:21:40 PM

capitalism works if you actually own the thing you claim you are capitalizing on ! Cool

Oh, he does own his own money. It's just that the capitalists have agreed that rather than make them pay for their wrong doings, it's better to make everyone else pay instead.

Think of it as the application of the Golden Rule. He who has the gold, makes the rules and in this case, the new rule was that his money was to be 'borrowed on a permanent basis'.

these psudo capitalist only borrow, spend and steal acting in the colour of real capitalism ! Cool