Post by BR Post by Rich80105
I would be interested in your version, Bill.
Why would you think I would have a version?
The word "capitalism" is meaningless.
It is a word that did not exist
before Karl Marx, who invented it as a pejorative epithet for private
property rights. It is part of the propaganda Marx used to give form
and substance to state theft of private property.
The term "Capitalism" was coined by French socialist Louis Blanc in 1850. The term signifies a system of exclusive ownership of industrial means of production by private individuals rather than shared ownership. (It is derived from the original Latin, "capitalis," which means "head of cattle"— hence "chattels" et al.)
Perjorative epithet? Marx wrote Das Capital 17 years later in 1867. He borrowed Louis Blanc's term to compare, or contrast it with the different - some would say opposing - system of economic management that he was proposing, imperfect though this turned out to be in practice. Although Marx was a known admirer of capitalism as a philosophy, he nevertheless laid bare the crucial fault that lay within capitalism itself as practised: its defining tendency to dog-eat-dog compete within itself to its own inevitable evisceration, taking down with it the labour force that has crucially sustained it. Later, each time this has happened during the 20th century (and early 21st) it has been bailed out, pasting over yet again those same systemic faults and "poor" practices that Marx had initially identified - bailed out, mark you, by the only possible means available - the many precepts and practices of what we know today as welfare socialism.
 The rapid mass dumping of mass labour with the rise of Britain's newly-automated industries was the trigger for the rapid mass immigration from Britain to New Zealand, starting in about 1830. (ref. Tony Simpson's "The Immigrants" - Chapter Two, "The state of Britain in 1830.) The success of Britain's Industrial Revolution capitalism had also brought with it the hardship poverty and destitution heaped on those that had loyally served it but for which it no longer had any use.
Quite possibly, your forebears - themselves undeserving victims of ruthless capitalism's essential sociopathy - were among them.
Post by BR
You see, buying, selling and trading are as much part of human life as
eating and sleeping. It is what people do and comes naturally to
everyone. "Capitalism" is as meaningless a word as "eatism" or
"...ism" is described as a distinctive practice, system, or philosophy. It can be applied equally to eating, sleeping or, in this instance, an economic philosophy based on the deployment and exploiting of, and profiting from, capital.
Post by BR
"Capitalism" is NOT a system of government. If you want to live in a
world without property rights, you will need a dictator to suppress
them. Fortunately for people like you, there are many such people who
are doing just that. Unfortunately for everyone else, there many
people like you who, instead of moving to one of those countries where
the state does not respect property rights, you choose to live in NZ
and throw in with those who are incrementally destroying them here.
You can have property rights without freedom, but you can't have
freeedom without property rights.
In either case, property rights are anyway subject to a higher authority than the owner of those rights; namely, the Law.
Here, Law is conceived and enacted under a democratically elected parliament. You know full well you are powerless to change this long-cherished system. and until the rest of your life you will have no possible recourse to whatever you would conceive as a better system. It is this lack of any recourse, together with an imaginary threat of personal disempowerment, that aggrieves you most.