Charles in Greenville South Carolina you have an example a pure capitalism
absolutely a appreciate remember cell by the way
thank you but all certain up they also did it's a
it's pretty insightful up to capitalism
I fish I
my father Mr Hunt's forgive him
fresh figures me that %uh some
but pure brought it up a little that's pure barter but
your hand and you could argue that your fish in his van a sonar
are of are both forms of capital that you've acquired through your labor
and do it well it also cost
across caste across tackle cost
across my both right in order first
right and yes to buy Bowl works and
his weapons server right and yes to process a venomous and that takes time
and and my mind that for
yeah that's not capitalism you know that some that's a barter society longer cut
I respect up instead
from a a corporation
but I do work for cooperation but for a complete for
now yeah know if you could figure out a way to take that fish that you got outta
the river
and and do something with that were you would produce a steady income stream to
you for years and years
let's say for example that there was a a
a picture of Jesus on the side of the fish in the scales
and career now let me let me finish this yr
standing where that we're we're idea I don't understand where the
picture Jesus Cup let me finish my example let me finish my sentence I
think it'll make sense
if 11 let's say you you catch a fish and there's a
there's a you know in the scales on the side of a fish there's a picture Jesus
since you take that fish in your mouth and you put in a glass case
and you put it out on the highway and you charge people ten dollars
a piano hire somebody to took like ten dollars for everybody who wants to go
pray in front of a picture Jesus with the fish
that you caught and there will be people right you
you will have a steady income stream you make a hundred bucks a day or two
thousand dollars a day for the rest your life
from that fish and in that example that would be eggs and example of capitalism
cuz that fish
has become capital at something a value that can generate
revenue but to simply get rid of the fish
and trade it for venison that's just barter but but but your russia now
this to say: for capitalism
support the first time this pressure dealers for some reason
arm is because people pay to see it was quiet does not without consuming water
fight were or what a fighter my fish
into a jerky to
for for consumption right I is
while at work say that I use my smoker
right I would right I which I have to purchase
right arm and and then use all those pieces a fish
turkey and ever a.m. our second question would be that will hand it now has just
sayin Charles suspensions
if you smoke that fish or even if you just sold for ladies
once you've sold that fish it's gone
you are not a capitalist you are a small businessman
you are engaging in free enterprise servers
small businesses capital no it's not small businesses not capitalism
I have been running small businesses since I was 16 years old and I have
never in my life been a capitalist
I have be I one business I started
with a fifteen thousand dollar investment by a capitalist
there was a the followed on atlanta who put up one third the money that it took
for us to start our travel agency
and he was a professional capitol city with that's all he did was he invested
money
and when and money and he ha held on to his stock long after I sold out
I typed my contribution was my sweat equity my labor
and my wife's we both worked our butts off for a year so without any income
and a ten thousand I like red on my American Express card
so I was not a capital as I was using borrowed money and when I when we sold
that company we doctors travel agency in nineteen
with from 83 86 up to a six million dollar company and we sold our share of
and retired move to Germany
he kept his share and just sold a couple years ago
this company has done over a quarter from a billion dollars over to under
fifty million dollars in business since then
and it just got sold to a billion dollar company and so his fifteen thousand
dollar investment became probably I have no idea how much you got for it
but I'm guessing he probably got somewhere in the neighborhood of a
million or more for
and thats capitalism he was a capitalist I was an entrepreneur
I was a small businessman there is a world of difference
I did not make my money waiting for the check from from
Spring Break travel from internationals old rail I did not make it my money
Wayne for the dividend check to arrive I showed up at work every day
I to Cara people's travel needs II but you know I'd
I was a businessperson there's a difference
well I understand that's great your business person
and but I was not a capitalist the I've never been can however
but your directly engage with the capitalist system
as a small bursts businessperson not the only time I've ever been engaged for the
capitalist system
was that one business where I had a capitalist invest in their business
I started seven businesses in my life including this radio show
and we started this radio show with our have retirement savings
and not have those have been in now and with the single exception of the travel
agency
I've never had to go to a capitalist for money and I have never invested money in
somebody else's business
were I got a passive dividend back so no I'm not a capitalist
but well I guess I'm asking the do does your
radio station I have advertisements
yes and it does it generates cash and repay system
yes yes but that's not a kit that's not the capitalist system either you or
what he actually it is a capitalist system nope it's her on the radio
it is the business oestradiol when you sell advertisements to people who are
selling products
first absolutely part 12 to a capitalist system
most 9 a.m. might make my question my question would to you
was an ass I purchased I'm the
you seem like a great guy arm
nm might be a different show or might be different segment
by a you're absolutely produced in capitalism I was curious if he could
play
I am NOT were communism or social work if you have a radio advertisements that
that your station is pay for your employed by
thats absolutely capital is okay for smaller not employed by a radio station
I I own the company I own the show
so that's about as close to in by your definitions
being a capitalist as you're gonna as you're gonna get but I'll tell your
that I own this business but I don't I'm not a capitalist I don't get passive
income from it if I stop showing up and doing the show
it would cease to exist there would be no literally but that's what I don't
think your understanding
is minute after was when you have your
your talent and the II which I'm selling
what you're doing right now is is what what you're doing right now when you
sell
advertising on their is decor Park
of capital no it's not capitalism is investing
is make enough money by invest enough
money he added this is like
this is like econ 101 I'm serious Charles
get just think for a minute there is a difference between capitalism
and business people can do business in a communist system cable guy new business
in a socialist system
you can have capitalism arguably in a communist system but I
probably not but in a communist system the government
owns the means of production and support and funds
everything right at bay and in a socialist system
that saw it as a a whole different cattle officials are so many deaf
different definitions of socialism but capitalism
Lockey what their biggest mistake that Americans make whatever from you
its cuteness ur wider story different definitions for communism socialism
when you only have one definitive definition
of capitalism when when
10 now there's one definition of communism
okay it's that the state owns the means a production
and supply thats that it's very simple her
okay Karl Marx laid that out and you know from each according to his needs to
each according to his ability are from each according to his ability to each
according to his needs
that's communism kar capitalism on the other extreme
and capitalism is
a system where people who have wealth
in best that wealth and they make their money
passively by having that money
make money capitalism is making money with capital
in between those two you've got free enterprise
entrepreneurial ship biaz biz small business
big business crony capitalism
are yeah he got all these you know all these variations and dozens and dozens
of variations but people who say
that they believe in capitalism or that they are capitalists
I mean you know it I unless you make your money
unless you make a living sitting on your butt around the pool waiting for the
dividend check to arrive every month you are not a capitalist
sam walton wasn't a capitalist he started Walmart
his children who are who are now you know and
in aggregate the the richest to the five of them are good together would be the
richest person in the world
they are capitalist because they're making money basically we've been up
waiting for the dividend checks to arrive
there is a differently now are well
well our policy nice I'm arm II I
my was under the impression and I guess I use
a free-market flask capitalism
um a free market system can can have capital in it or it can
not have capital and you could have first why would contest
3 about free market but you could have a market system
where everybody owns the business right it whether it's a
he stop an employee stock ownership program or whether it's a cooperative
that cooperatives don't involve capitalism at all and yet it's a former
business
most co-ops the people know about her things like the local health food store
but there are large corporations that are cost is a cab company in madison
scott spot Union Gap
on the best in the country it's entirely owned by its employees
no capitalism whatsoever and yet they do lots and lots a business to run millions
of dollars to their company
soul you know it's it's like america is not a capitalist country and capitalism
is not religion
trials thanks for the call you're listening to but Tom Hartman program
visit Thom Hartmann dot com for audio and video archive
I think hard love the part of the myth those
love libertarianism is to elevate capitalism to
to religion