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Old 01-19-2016, 06:02 AM
 
33,016 posts, read 27,458,643 times
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Quote:
Originally Posted by Storm Eagle View Post
Because no one exists in a vacuum. You can do all the right things but that does not mean other things outside of your control are not going against you. That is why we see people with college degrees who did everything right working at low wage jobs. What about people who are the heirs of the rich and given lots of money or high position at the company? They did not make any choices they were just born to the right family. Saying it is all about choices is done by people who want to believe the only reason they succeeded is that they work hard and did everything right and there was no one else who helped them or no luck involved. Thier narcissistic attitude will not let them believe otherwise.

Not for long, at least.
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Old 01-19-2016, 09:02 AM
 
4,586 posts, read 5,610,794 times
Reputation: 4369
Quote:
Originally Posted by Dr. Kevin View Post
Income for the bottom 20 percent fell in major cities, according to an analysis by the Brookings Institution.

[View:]US pay gap widens, poor get poorer
That's because our prices for everything versus wages aren't in tune with inflation, and of course GREED rules!
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Old 01-19-2016, 11:30 AM
 
Location: Paranoid State
13,044 posts, read 13,867,365 times
Reputation: 15839
Quote:
Originally Posted by mysticaltyger View Post
But that essentially means we're going to have to stop living life on autopilot and start being willing to cooperate with each other and be willing to inconvenience ourselves.
What would it look like if people did?
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Old 01-19-2016, 02:05 PM
 
Location: New Hampshire
639 posts, read 579,577 times
Reputation: 1046
Quote:
Originally Posted by mysticaltyger View Post
This is true.



This is not. And it's not capitalism, either. More like Crony-ism or Corporate Socialism or Cartel-ism or Fascism...but definitely not free market capitalism.
call it what you want, it is our system. We are proof that its and unintended consequence of capitalism, Or intended by many. If we want capitalism to succeed, It has to be dealt with.
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Old 01-19-2016, 02:09 PM
 
Location: New Hampshire
639 posts, read 579,577 times
Reputation: 1046
Quote:
Originally Posted by richrf View Post
There is nothing about capitalism or any economic system that prevents the wealthiest in a society to simply take over the government and pass laws for its benefit. That is why the economies of the U.S., Japan, Russia, China, and Germany look so similar nowadays.

The problem with any economic theory is that they ignore history and the ultimate outcomes of all economic systems.
Same applies to European socialism, so those propping That up can't have it both ways. Not saying you are, but many have.
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Old 01-19-2016, 02:25 PM
 
Location: New Hampshire
639 posts, read 579,577 times
Reputation: 1046
Quote:
Originally Posted by Storm Eagle View Post
Because no one exists in a vacuum. You can do all the right things but that does not mean other things outside of your control are not going against you. That is why we see people with college degrees who did everything right working at low wage jobs. What about people who are the heirs of the rich and given lots of money or high position at the company? They did not make any choices they were just born to the right family. Saying it is all about choices is done by people who want to believe the only reason they succeeded is that they work hard and did everything right and there was no one else who helped them or no luck involved. Thier narcissistic attitude will not let them believe otherwise.
If you don't work hard and make good decisions then you have zero chance. Is that better?
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Old 01-19-2016, 02:47 PM
 
30,896 posts, read 36,958,653 times
Reputation: 34526
Quote:
Originally Posted by Northeaster View Post
call it what you want, it is our system. We are proof that its and unintended consequence of capitalism, Or intended by many. If we want capitalism to succeed, It has to be dealt with.
You keep calling it capitalism. But it really isn't. We need true free market capitalism. We don't have it right now. If we don't get it soon, we're in big trouble.
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Old 01-19-2016, 03:59 PM
 
Location: Orange County, CA
4,901 posts, read 3,361,298 times
Reputation: 2975
Quote:
Originally Posted by marcopolo View Post
Yes, by all means, let's dismantle Wall Street.

...
Yes, I could completely get behind that

Wall Street is primarily a vampire/parasite/leech on society that provides no real benefit to the economy in my view...

PS - Colonel Sanders is a fictional character played by an actor, just FYI.
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Old 01-19-2016, 04:05 PM
 
Location: South Carolina
3,022 posts, read 2,274,221 times
Reputation: 2168
Quote:
Originally Posted by Northeaster View Post
If you don't work hard and make good decisions then you have zero chance. Is that better?
I agree with that everyone should work hard and make good decisions but just because someone is working a low wage jobs does not mean they did not.
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Old 01-20-2016, 08:29 AM
 
18,548 posts, read 15,586,958 times
Reputation: 16235
Quote:
Originally Posted by mysticaltyger View Post
You keep calling it capitalism. But it really isn't. We need true free market capitalism. We don't have it right now. If we don't get it soon, we're in big trouble.
I disagree. There are too many negative externalities for "pure" free-market to serve the needs of the masses. How would monopoly be kept in check, or the type of reckless lending that created the housing mess? And how would you keep the rich from getting richer at the expense of everyone else until the lower classes were forced to resort to barter because they had no money?
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