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Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

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Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#291

Earlier quoted context omitted.

> kibbutzen.. ..simply do not produce enough to sustain themselves. Capitalist farmers do, with a surplus they sell. All such voluntary collectives have collapsed (unless they get subsidies from the government). > have nothing to do with mass slaughter I strongly suggest reading "The Black Book of Communism". Every advocate of communism needs to read it, if only to prepare an answer. You're right that nothing in the…

I'm not an "advocate of communism". And it's nonsense to say that capitalist farmers produce enough to feed themselves as a response to my point about internal isolation. No capitalist farmer with the same amount of resources and wealth as a kibbutz would be all that productive without utilizing the benefits of the rest of our complex market economy and what that provides to them. In other words, it's the larger cont…

> nonsense

In simple terms, capitalist farmers produce a surplus, kibbutz farmers produce a deficit. Kibbutzen operate within a market economy and have all the resources of it that are available to the capitalist farmer - they still can't make a go of it.

> not a principle of communism.

Collective ownership of the means of production means confiscating it.

> Forced labor

When the collective decides that certain work must be done, and with no market forces, that means assigning people to the jobs. I.e. forced labor.

Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#292
post #251
post #71

Earlier quoted context omitted.

Unaffordable housing markets are created by 3 things usually: 1. Strong NIMBY anti-development policies. 2. Low property taxes. 3. Foreign money using housing as a bank account. You see it in vancouver, london, SF, NYC and you'll probably find those ingredients in other places too. To counteract it you need: Federal legislation that prevents any city or province from restricting dense multi-family development of up t…

Housing costs are actually not unaffordable in Vancouver: https://homefreesociology.wordpress.com/2016/06/08/quickest-... Notice how Vancouver is in the bottom of the middle of the pack in rent to income ratios. Property taxes and foreign money don't affect rental rates. Ony NIMBYism does.

Hasn't it been getting really bad now? Canadian incomes did not go up by %25 when the currency went down by %25, but rent has risen a lot recently in the past year. I moved away years ago, but that is what I've heard. That chart only goes to 2015.

But yes, that was the only thing saving BC from being a place where nobody could afford to live in it, since the rental market reflected the local supply & demand only.

If your a typical professional making $4000/month after taxes, you will be paying something around $1500+ for a 1 bedroom apartment in Vancouver, which isn't %25, but %37+ of income.

Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#293
post #137
post #109

Earlier quoted context omitted.

Are there significant examples of that in history? I would be looking only at governments causing the deaths of their own citizens. I don't think it'd be fair to count foreign wars there. EDIT: Just to be clear, i'm not implying that they do not exist. Genuinely don't know of any and would be curious if you do.

American civil war is probably the clearest example. That was a war to defend the private ownership of the means of production. Then there are atrocities committed by capitalist governments, for example the Tasmanian genocide. [1] Since I am headed for bed, let me preemptively quote from the Georgia's declaration of seperation [2]: >> The people of Georgia having dissolved their political connection with the Governme…

Thanks for the response. But is the civil war really a great example of that? Slavery seems largely orthogonal to capitalism. That's a war that could have happened in a communist or capitalist country.

Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#294
post #171
post #109

Earlier quoted context omitted.

Are there significant examples of that in history? I would be looking only at governments causing the deaths of their own citizens. I don't think it'd be fair to count foreign wars there. EDIT: Just to be clear, i'm not implying that they do not exist. Genuinely don't know of any and would be curious if you do.

The great famine of 1876 [1] in Bengal is a possible example. I'm not very familiar with it, but it seems that exports of grains were at an all time high while an estimated 5.5 million people starved to death. Grains were allocated to maximise revenue, and feeding the poor was not the most lucrative option. Of course reality is more complicated than this short paragraph, but this tragedy doesn't reflect well on laiss…

That is certainly an interesting example. I'm somewhat tempted to say that that feels like a consequence of colonialism moreso than capitalism, though?

I'm not sure. It seems like the British forced India to export its grain. They may have been paying higher prices, but that's not made particularly clear, at least not from the article. And of course, they'd have to be paying pretty substantially higher prices to cover also the very high costs of transport at that time, especially for such a bulky commodity as grain.

That being said, it's certainly possible for something like that to happen in principle. That is, a country exporting a product that its citizens need because others are willing to pay more for them.

I suppose though, the capitalist would argue that that would enrich the exporters of that product, causing them to spend more money in their hometowns, thereby enriching the local population sufficiently to compete with the prices paid by foreigners for whatever the product is.

Two potential problems with that, I guess are:

1. The means of production of product X being owned by foreign companies, which is not uncommon. 2. Even if they are owned locally, the owners of the capital might buy mostly imported items, stimulating the economy comparatively little.

It's certainly an interesting issue. One that is probably best resolved by an empirical analysis of foreign investment and laissez-faire policies in relation to income growth for the poorest people of those countries. Certainly there are great success stories, e.g. South Korea, Singapore, Japan, and Brazil maybe to a lesser extent? Cuba is probably the closest thing to a success story in the contrary case (communist policies), and that doesn't seem like much of a success.

Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#295
post #127
post #109

Earlier quoted context omitted.

Are there significant examples of that in history? I would be looking only at governments causing the deaths of their own citizens. I don't think it'd be fair to count foreign wars there. EDIT: Just to be clear, i'm not implying that they do not exist. Genuinely don't know of any and would be curious if you do.

Pinochet's Chile for example.

Thanks for that. That seems like a pretty solid example. In reading about it, I would nitpick one detail that seems non-capitalist to me: they didn't allow the currency to float. This is a pretty big deal, from my admittedly limited understanding of economics.

If you don't allow the currency to float, your import/export ratios can't respond to market forces, and in a globalized economy this can be catastrophic, especially during a global downturn. To quote from the wiki:

"One of the junta's economic moves was fixing the exchange rate in the early 1980s, leading to a boom in imports and a collapse of domestic industrial production; this together with a world recession caused a serious economic crisis in 1982, where GDP plummeted by 14%, and unemployment reached 33%"

Of course, you can't prove a counter-factual. There's no way to know for sure what would have happened if they hadn't done this. But it seems to me that this, at least somewhat, mitigates the significance of this particular example.

Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#296

Earlier quoted context omitted.

I'm not an "advocate of communism". And it's nonsense to say that capitalist farmers produce enough to feed themselves as a response to my point about internal isolation. No capitalist farmer with the same amount of resources and wealth as a kibbutz would be all that productive without utilizing the benefits of the rest of our complex market economy and what that provides to them. In other words, it's the larger cont…

> nonsense In simple terms, capitalist farmers produce a surplus, kibbutz farmers produce a deficit. Kibbutzen operate within a market economy and have all the resources of it that are available to the capitalist farmer - they still can't make a go of it. > not a principle of communism. Collective ownership of the means of production means confiscating it. > Forced labor When the collective decides that certain work…

Anyone who views any of these ideas with a rigid dogma is misguided. The broad scope of varied ideas that fall under the concepts of communism do not exclude the concept of markets. Markets are extremely valuable.

If you wanted to say that there are major fundamental problems with having no markets, I'd agree completely. Communism is not a set of ideas necessarily anti-market.

https://en.wikipedia.org/wiki/Market_socialism

Or, to be pragmatic, if we agreed for this exchange that "communism" meant precisely an economic structure without markets, then I'd agree that's simply unworkable. All of my points in this thread rely on my assumption that the term "communism" refers to a wider scope of ideas and models, some of which have some merit but which nobody ever should dogmatically advocate (nor should they dogmatically reject as being synonymous with Lenin/Stalin/Mao).

Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#297
post #246

Earlier quoted context omitted.

Laws against stealing are one of the basic laws of society. Property is not extremely complicated. If I take your laptop without your consent, that's a violation of your rights. If you have 20 laptops, that doesn't change that fact. If I have 99 other people that agree that I should be able to take your laptop, that still doesn't change that fact.

What evidence are you using to claim that laws against 'stealing' are one of the basic laws of society? I assume you mean after codified laws and surely after agriculture. And, probably post-enlightenment, right? But, at that point, laws are no longer 'basic laws of society' but laws of the sovereign - to maintain their power and control. And, interestingly, the soverign is the only one allowed to steal. I'm suggesti…

>What evidence are you using to claim that laws against 'stealing' are one of the basic laws of society?

Maat:

https://en.wikipedia.org/wiki/Maat#42_Negative_Confessions_....

>42 Negative Confessions (Papyrus of Ani)[edit]

>1. I have not committed sin.

>2. I have not committed robbery with violence.

>3. I have not stolen.

>4. I have not slain men and women.

>5. I have not stolen grain.

Babylonian Law:

http://avalon.law.yale.edu/ancient/hamframe.asp

>8. If any one steal cattle or sheep, or an ass, or a pig or a goat, if it belong to a god or to the court, the thief shall pay thirtyfold therefor; if they belonged to a freed man of the king he shall pay tenfold; if the thief has nothing with which to pay he shall be put to death.

>9. If any one lose an article, and find it in the possession of another: if the person in whose possession the thing is found say "A merchant sold it to me, I paid for it before witnesses," and if the owner of the thing say, "I will bring witnesses who know my property," then shall the purchaser bring the merchant who sold it to him, and the witnesses before whom he bought it, and the owner shall bring witnesses who can identify his property. The judge shall examine their testimony--both of the witnesses before whom the price was paid, and of the witnesses who identify the lost article on oath. The merchant is then proved to be a thief and shall be put to death. The owner of the lost article receives his property, and he who bought it receives the money he paid from the estate of the merchant.

Ancient Greek Law:

http://www.ancient-origins.net/history/brutal-draconian-laws...

>Plutarch, another ancient source for Draco, in his Life of Solon , claims that the penalty for the theft of an apple or a cabbage was death, and you could have someone made your personal slave if they owed you money. The writer also records that when Draco was asked the reason for making execution the punishment for most offences, the reply was that ‘Small ones deserve that (i.e. death), and I have no higher for the greater crimes.’

Biblical Law:

https://www.biblegateway.com/passage/?search=Exodus+20%3A1%E...

>15 You shall not steal.

And pre-agricultural societies that we have accounts of universally prohibit theft as well. For example Australian Aborigine:

http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1124&contex...

>The process of the law was one of political negotiation that involved everyone in the community. When there was a dispute, the elders met to discuss the punishments: their word was LAW. Offences regarded as unlawful included the unauthorised killing of a person, sacrilege, incest, adultery, theft, unauthorised assault, insult and neglect of kinship obligations. Punishments could range from making compensation over an agreed period of time to having to face a squad of spearmen, with only a shield and that person's ability to protect himself.

The reason laws against theft are universally found is that theft creates harmful incentives. It doesn't matter what stage of civilization we reach: the fundamental dynamics of multiple parties co-existing make theft harmful to creating economic value.

This is something I would argue is self-evident. Not sure why you're so desperate to question the moral principle that theft is wrong.

>I just think we can imagine something better.

Moral principles are timeless. There is nothing "better" than not stealing, because it is a basic requirement for a functioning society. The only type of configuration better than 'not stealing' is 'not stealing' + doing something good. But not stealing, murdering, assaulting etc are the foundational principles that a functioning society has to build on top of.

Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#298
post #284
post #202

Earlier quoted context omitted.

Communism is evil on a nightmarish scale because it advocates for violating an entire population's right to 1. their property, and to 2. engage in economic activity with other consenting adults.

Neither 1 or 2 are required for communism or socialism. Regarding #1, socialism distinguishes between personal private property and productive assets. Nobody is advocating for violating personal private property. And #2 is not something most mainstream socialists advocate for either, so it's mostly a strawman. The only substantial difference between socialism and capitalism is the democratic control of the workplace.…

> Regarding #1, socialism distinguishes between personal private property and productive assets.

There is no moral distinction. It's an arbitrary distinction to justify robbing people of the value they generate. It's slavery.

> Nobody is advocating for violating personal private property.

But communists are advocating for violating private property.

>And #2 is not something most mainstream socialists advocate for either, so it's mostly a strawman.

Socialists universally support economic regulations. You have not thought about any of this carefully.

Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#299
post #202

Earlier quoted context omitted.

Communism is evil on a nightmarish scale because it advocates for violating an entire population's right to 1. their property, and to 2. engage in economic activity with other consenting adults.

It sounds like you are confusing communism with central ownership or state ownership. Communism is only concerned with the ability of workers to have meaningful control of work activity and output.

No I am not confusing anything. Marx laid out what mainstream Communism is, and that includes expropriating property from people, and denying the people the right to engage in voluntary economic interactions.

You may be confused as to what 'voluntary economic interactions' means, so I'll explain:

This would be any kind trade enter into by two consenting adults, like for example, doing a number of hours of work in exchange for a number of units of currency. By denying the right of employers to hire workers on any terms other than giving workers all of the revenue generated by the business, communism denies the right to engage in the aforementioned class of voluntary economic interactions.

I really recommend you think about these concepts. You seem to have a very shallow understanding of what communism is, and the implications of what it advocates for.

To advocate for radical reconfigurations of society, brought about by force, without thinking through the moral implications, is very reckless and morally irresponsible.

Re: Thomas Piketty’s Capital in the 21st Century, in 20 minutes (2014) [video]

#300
post #251

Earlier quoted context omitted.

Housing costs are actually not unaffordable in Vancouver: https://homefreesociology.wordpress.com/2016/06/08/quickest-... Notice how Vancouver is in the bottom of the middle of the pack in rent to income ratios. Property taxes and foreign money don't affect rental rates. Ony NIMBYism does.

Hasn't it been getting really bad now? Canadian incomes did not go up by %25 when the currency went down by %25, but rent has risen a lot recently in the past year. I moved away years ago, but that is what I've heard. That chart only goes to 2015. But yes, that was the only thing saving BC from being a place where nobody could afford to live in it, since the rental market reflected the local supply & demand only. If…

I can't imagine rent having gone up by much in one year. But yes, vacancy rates have gone down, and that has made finding apartments challenging.

But the claims of Vancouver having unaffordable housing predate the recent decline in the vacancy rates. They stem from the high price of a Single Family House, which for a densely populated metropolitan area like Vancouver is an inappropriate standard for housing affordability IMO.

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