Another Proof of Marx's Folly: Cuba

[Naren1987]

Listen, quit being a bum and understand that even the Bolshevik Revolution tore down a Capitalist Monarchy, i.e. the Russian Empire. So yes, Both the Russian Empire and British Indian Empires were Capitalist. If you have enough gray matter, then you will understand.

It was a feudal system, read the difference between a Feudal economy and a Capitalist one.

 

[Adux]

Collins English Dictionary defines colonialism as "the policy of acquiring and maintaining colonies, especially for exploitation."[2] The Merriam-Webster Dictionary offers four definitions, including "something characteristic of a colony" and "control by one power over a dependent area or people."

Colonialism is a relationship between an indigenous (or forcibly imported) majority and a minority of foreign invaders. The fundamental decisions affecting the lives of the colonised people are made and implemented by the colonial rulers in pursuit of interests that are often defined in a distant metropolis. Rejecting cultural compromises with the colonised population, the colonisers are convinced of their own superiority and their ordained mandate to rule

Exploitation colonialism involved fewer colonists, typically interested in extracting resources to export to the metropole. This category includes trading posts, but it applies more to the much larger colonies where the colonists would provide much of the administration and own much of the land and other capital, but rely on indigenous people for labour.

Colonialism is the establishment, maintenance, acquisition and expansion of colonies in one territory by people from another territory. It is a process whereby the metropole claims sovereignty over the colony and the social structure, government, and economics of the colony are changed by colonizers from the metropole. Colonialism is a set of unequal relationships between the metropole and the colony and between the colonists and the indigenous population

Now Capitalism

Capitalism is an economic system that became dominant in the Western world following the demise of feudalism.[1] There is no consensus on the precise definition nor on how the term should be used as a historical category.[2] There is general agreement that elements of capitalism include private ownership of the means of production, creation of goods or services for profit, competitive markets, and wage labor.[3][4] The designation is applied to a variety of historical cases, varying in time, geography, politics and culture.[5]

In a capitalist economy, the prices of goods and services are controlled mainly through supply and demand and competition. Supply is the amount of a good or service produced by a firm and which is available for sale. Demand is the amount that people are willing to buy at a specific price. Prices tend to rise when demand exceeds supply, and fall when supply exceeds demand. In theory, the market is able to coordinate itself when a new equilibrium price and quantity is reached.
Competition arises when more than one producer is trying to sell the same or similar products to the same buyers. In capitalist theory, competition leads to innovation and more affordable prices. Without competition, a monopoly or cartel may develop. A monopoly occurs when a firm supplies the total output in the market; the firm can therefore limit output and raise prices because it has no fear of competition. A cartel is a group of firms that act together in a monopolistic manner to control output and raise prices

What the daft airhead doesnt know is the difference between Colonial Mercantilism and Capitalism. He also doesnt understand the true difference between Capitalism and Monarchy, even though that was the very reason his adopted country came into existence, USA anyone. He thinks Monarchy and Capitalism are the same, he feels Capitalism means rich people and all the other yada yada leftist blubber.

 

[The Messiah]

I'm implying that it was too slow, Capitalism would've been much faster.

Tell me how would have Indian companies competed with mnc's just few years after independence. It is because of protectism that Indian companies could gain a foothold in India first.

 

[pmaitra]

It was a feudal system, read the difference between a Feudal economy and a Capitalist one.

So the Brits taking away raw materials from India and selling the finished products (from Britain) back in India at higher prices (profiteering), storing grains (hoarding) and causing an artificial price rise and triggering famines is what? Is that is not Capitalism, what is?

This is what happened in the British Indian Empire.

 

[Adux]

What an idiot, doesnt even the difference between Capitalism and absolute monarchy - Moreover he doesnt know that Capitalism provided equality while Monarchy gave feudalism. He thinks they both are the same, what a daft prick, Why America took him in, god only knows.

 

[Naren1987]

If you had the opportunity, you would even imply that.

I understand where you are coming from, unfortunately, statistics does make Nehruvian Socialism look better.

Ohhh, Really?
Ever heard of the
http://en.wikipedia.org/wiki/Taiwan_Miracle
[url]http://en.wikipedia.org/wiki/Miracle_on_the_Han_River

Where's the Indian economic miracle, Good sir?


















[/URL]

 

[pmaitra]

Capitalism, Socialism, Communism, Corporatism, Libertarianism, ...

Too many -isms all over the place.

Now we have a new vocabulary here: Mercantilism

What a douche!

Some people will go to any extent to defend Capitalism.

 

[Adux]

So the Brits taking away raw materials from India and selling the finished products (from Britain) back in India at higher prices (profiteering), storing grains (hoarding) and causing an artificial price rise and triggering famines is what? Is that is not Capitalism, what is?

This is what happened in the British Indian Empire.

Hey Numbnut, That is what is called Colonial Exploitative Mercantilism.

 

[pmaitra]

Ohhh, Really?
Ever heard of the
http://en.wikipedia.org/wiki/Taiwan_Miracle
Miracle on the Han River - Wikipedia, the free encyclopedia

Where's the Indian economic miracle, Good sir?

Oh, you are obsessed with Taiwan. I wonder, before you reached there, how did you miss PRC?

Must have been a miracle!

 

[Naren1987]

So the Brits taking away raw materials from India and selling the finished products (from Britain) back in India at higher prices (profiteering), storing grains (hoarding) and causing an artificial price rise and triggering famines is what? Is that is not Capitalism, what is?

This is what happened in the British Indian Empire.

How many times do I have to tell you that it was a system for the British, and it worked for the British.
I'm talking about a system designed for India, which will work for India.
No comments on the 1991-2011 period, ehh?

 

[pmaitra]

Hey Numbnut, That is what is called Colonial Exploitative Mercantilism.

British Indian Empire was Capitalist.

Ok, since you have Attention Deficit Disorder, I shall repeat: British Indian Empire was Capitalist.

 

[Naren1987]

Oh, you are obsessed with Taiwan. I wonder, before you reached there, how did you miss PRC?

Must have been a miracle!

Excuse me, which is the more prosperous country?

 

[The Messiah]

Yeah, we reduced it from a whopping 96 to 90 percent, very well done.
We're not saying that we didn't cover any distance, but had we used Capitalism, we would've been much better off.

Bring out the stats of poverty from 1947 to 1991.

 

[pmaitra]

How many times do I have to tell you that it was a system for the British, and it worked for the British.
I'm talking about a system designed for India, which will work for India.
No comments on the 1991-2011 period, ehh?

You don't have to tell me anything any number of times if you don't want to. You have presented your opinion, that is good enough. I have presented mine, and the British Indian Empire, AFAIK, was Capitalist. Feel free to disagree.

 

[Naren1987]

British Indian Empire was Capitalist.

Ok, since you have Attention Deficit Disorder, I shall repeat: British Indian Empire was Capitalist.

And I'll keep saying that the Khmer Rouge was Socialist.
Stalisnist Russia that killed in millions was Socialist.
Heck, even National Socialist Germany was Socialist.
Maoist China was Socialist.

 

[Adux]

Now we have a new vocabulary here: Mercantilism

What a douche!

Some people will go to any extent to defend Capitalism.

Ah, new word is it....

Mercantilism - Wikipedia, the free encyclopedia

England began the first large-scale and integrative approach to mercantilism during the Elizabethan Era (1558–1603). An early statement on national balance of trade appeared in Discourse of the Common Weal of this Realm of England, 1549: "We must always take heed that we buy no more from strangers than we sell them, for so should we impoverish ourselves and enrich them."[2] The period featured various but often disjointed efforts by the court of Queen Elizabeth to develop a naval and merchant fleet capable of challenging the Spanish stranglehold on trade and of expanding the growth of bullion at home. Queen Elizabeth promoted the Trade and Navigation Acts in Parliament and issued Orders in Council to her Admiralty for the protection and promotion of English shipping. A systematic and coherent explanation of balance of trade was made public through Thomas Mun's c.1630 "England's treasure by forraign trade, or, The balance of our forraign trade is the rule of our treasure"[3]

 

[pmaitra]

Excuse me, which is the more prosperous country?

PRC, and not only prosperous, but pretty damn powerful too.

 

[Naren1987]

Bring out the stats of poverty from 1947 to 1991.

You were the one to point out that they decreased, right, you do the honours.

 

[Naren1987]

PRC, and not only prosperous, but pretty damn powerful too.

HAHAHAHAHAHAHAHAHAHAHAHAHA
List of countries by Human Development Index - Wikipedia, the free encyclopedia

Where are the two respective countries placed?
And it's powerful only because of the numbers, not due to the system.

 

[pmaitra]

Ah, new word is it....

Mercantilism - Wikipedia, the free encyclopedia

Here my boy, read this link (List words ending with ism) while you are enjoying these: