randall2020 (December 31, 1969 at 3:59 pm)

America is state capitalism. See how the government bailed out Wall Street and at the same time let millions of folk lose their homes.

barnstormer07 (December 31, 1969 at 3:59 pm)

Favorited!

patrickspoint (December 31, 1969 at 3:59 pm)

Bye-the-way folks, what do you think of the music, anybody got any comments to make on it?

KhanSlayer (December 31, 1969 at 3:59 pm)

Friedman never advocated for the immediate removal of tariffs and subsidies. He advocated a gradual rollback. Chile was an example of what happens when you cut to free market principles immediately, the same goes for the famine in Niger in 2006. You have to remember chile was under the control of a dictator. "I never said where you have capitalism you have freedom, I said where you have freedom you have capitalism"

figocooldude (December 31, 1969 at 3:59 pm)

Well actually state capitalism applies to all marxist, I haven't read much about Trotsky, but you seem to know him quite well. Maybe he might of coined the term, but in other fields state capitalism is what marxism aim for, the idea of state capitalism exists before Trostky, the anarchist like Bakunin already had the idea behind that term.

chutoduro (December 31, 1969 at 3:59 pm)

What are you talking about?Milton Friedman´s extreme capitalistic theories were in deed put in practice in Chile and other parts of Latin America.He´s theories were applicated with free hands.Have you heard about the "Chicago Boys" ?The world was a different place back then.The capitalistic-world-domination with the so called "Globalisation" had not gone as far as today, but it was capitalism all right.Not even the US has real Capitalism if you measure by complete free trade.

beepandbop (December 31, 1969 at 3:59 pm)

Maybe you need to grow up, stop calling names, do a little studying and realize what Chile experienced was not Capitalism, but an attempt at it. It's like saying Perestroika was extreme capitalism, and that got Russia in the shithole. People point at that and say "See? Capitalism is bad." However, that wasn't free market trading by an measure.

beepandbop (December 31, 1969 at 3:59 pm)

"State Capitalism" was another term introduced by Trotsky to label his rival Stalin and his successors. Again, Trotsky and the communists were a bunch of thugs, and Trotsky was trying to establish himself as "The True Communist."Sure they're two separate things, State Capitalism is really an oxymoron coined by a moron.

figocooldude (December 31, 1969 at 3:59 pm)

Socialism by definition is colective ownership of the means of production by those who work. Don't get confused kid, one thing is the state capitalism of th USSR and another thing is socialism. Can it be accomplished, thats another story.

khallaghi (December 31, 1969 at 3:59 pm)

It very sad he died before his idea, today we can see result of his theory . Economic collapse