Go up to any liberal, socialist, communist. And state the following "in competition...

Go up to any liberal, socialist, communist. And state the following "in competition, individual ambition serves the greater good." Thus triggering them because they realize that the best result comes from everyone in the group doing what's best go himself.

>Go up to any liberal, socialist, communist
finish this sentence

So a liberal, socialist and a communist don't walk into a bar because bars don't exsit without capitalism

I'm good at math not grammar

>places where people go to drink their lives away to escape being exploited and alienated don't exist without capitalism
no shit

Jesus man you must be real fun at parties and you must pick up mad bitches at the bars

t. Adam "gold is money" Smith

That's not true for all bars. That's only true for Applebee's.

>Leaf believes in Fiat-money

Money was always a legal concept, even when gold was the metal it was minted on.

>was always a legal concept
But that's not true.

Confirmed that you are retarded and never read Wealth of Nations.

The book literally says that if greed becomes more powerful than the common good, society will break down.

There is also a whole section of vol 3 arguing against opulence and greed.

Adam Smith's views could more accurately be called industriousness, not modern capitalist.

>Currency based on material goods
Not compatible with real life

Go kill yourself, socialist shill.

>Go up to any liberal, socialist, communist.
This is a complete imperative sentence

>And state the following "in competition, individual ambition serves the greater good."
This, however, is not.

I'm in a small college town. I've discovered that if I don't want to see anyone I know, then I should hang out at the Chili's bar.

Alright let me rephrase that.
Money was a legal concept in the overwhelming majority of civilized states since the Roman Republic and even in some Greek states before that.
>if you don't agree that muh free market is infallible then you are a socialist shill
Have you actually seriously looked at economics?

Pay workers less for more work and you'll be able to trade more goods and turn a greater profit and the nation becomes richer. It makes. This worked for millenia until the bolshevik threat appeared, where the working class would take over power of the state when their quality of life became too bad.

What is: prisoner's dilemma

>And state the following "in competition, individual ambition serves the greater good."
>State the following, "in competition, individual ambition serves the greater good."

is it fixed?

What socialists don't seem to understand is that their system is simply incapable of providing for people's needs and wants.

What a few, though certainly not all, capitalists don't seem to understand is that a free market doesn't mean there are no rules.

I never said anything about capitalism. Also I never said anything about being greedy.

Looks to be

well we have bitcoin now.

and if it doesn't go back to pennies soon, its currently shitting on a lot of economic theory, money being backed by a state used to be gospel

What most people don't understand, is that the wealthiest and objectively better nations in the world, use a mixed system. Countries that lean farther toward capitalism are wealthier by far and only because of that wealth does people seem to think there is enough wiggle room, to just flip sides and install social program one after the other in order. Most of the problems this country has stem from abuses of those social programs.

Invariably, the more freedom that can be given to a 'free market', I think is totally dependent on the character and tolerance of the people it affects. I think this country doesn't have a 'free' market when it comes to problems we care about, but not necessarily everything. The government has it's dick fingers all over property/land, education, healthcare, and food.

Sorry to butt in, but the tax man will reign in bitcoin.

>well we have bitcoin now.
It's an interesting experiment but has several problems.
> Unstable
> Only a few billion market cap
> Few places accept it
> Slow transaction speed
> Not backed by any power which leads to point 1
> Vulnerable to 51% attack
> Billions of BTC unaccounted for that could in theory appear and cause massive inflation
etc.
I don't see any sort of decentralized currency to be relevant in the near future because the main factor that stabilizes a currency is the law and the fact that you pay taxes with it.
A decentralized currency would have to have a lot of loyal users and many other things to counteract the lack of legal power stabilizing govt. backed currencies.

I had a friend who claims to be socialist and voted for bernie in the primaries. Needless to say, he is no longer my friendo.

But I am liberal and I love Adam Smith.

I agree with a lot of that. Simply being wealthy gives people the comfort and time to simply think. First world problems are a thing. I see a lot of Bernie supporters in school who don't realize how good they have it and how their proposals, if implemented, would lead to the end of such a comfortable life which has enabled them to notice these "problems." Some problems are good to have.

I just finished reading part of that today.

Smith's a smart guy but don't pretend his ideas amount to any more than ECON1010 explained to people who have never even seen the word economy before.

His ideas were revolutionary in '76, but it's current year. Shit's different now.

>Math over grammar
Take your autism elswhere

this guy invented the term liberal, why would they hate him? He is the original liberal

Seems a bit much to disassociate with someone over a presidential vote.