Capitalist OS

Posted by MrSmiggles 6 months, 2 weeks ago to Economics
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Should we treat capitalism as an ideology or as an operating system?
SOURCE URL: https://youtu.be/Y0UB6g8Rsyw


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  • Posted by  $  ObjectiveAnalyst 6 months ago
    Hello MrSmiggles,

    I find this video to be blather.

    Capitalism- true laissez-faire capitalism in its essence is not well suited or categorized as either. It has some similarities to both, but it is really just a means by which men may voluntarily exchange value for value... a moral social means of trading. Although closer to an ideology it is incomplete relative to a dictionary definition; as an operating system it is not constrained by unbending rules that can dictate or predict every circumstance, so it is even less so.

    Rand has described it as "...a social system based on the recognition of individual rights, including property rights, in which all property is privately owned.

    The recognition of individual rights entails the banishment of physical force from human relationships: basically, rights can be violated only by means of force. In a capitalist society, no man or group may initiate the use of physical force against others. The only function of the government, in such a society, is the task of protecting man’s rights, i.e., the task of protecting him from physical force; the government acts as the agent of man’s right of self-defense, and may use force only in retaliation and only against those who initiate its use; thus the government is the means of placing the retaliatory use of force under objective control." CUI.

    It is a means to freedom, liberty and prosperity.

    Respectfully,
    O.A.
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  • Posted by CircuitGuy 6 months, 1 week ago
    Thomas Friedman made this analogy and coined the phrase DOS Capital in The Lexus and the Olive Tree.

    I don't completely understand what Mr. Srinivasan says, but I think his point is democratic rule requires Constitutional limits to prevent it from becoming a mob that can vote to steal, similarly to how an OS keeps a program from writing to memory outside its space.
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