Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
They way I see it, for so many of these large companies to be so profitable, they RELY heavily on VERY VERY CHEAP labor, whether its from some 3rd world sweat shop, or the Mcdonalds down the street, they all rely on people willing to work pretty hard for not much money.
So imo, thats not really a successful business/ economy, when they must rely on this type of labor to even exist.
It also speaks volumes when a Govt has to implement a legal minimum wage, so if it werent for the law, places like mcdonalds would be paying people much less per hour, and still expect the same level of work..?? Something is wrong here! LOL
They way I see it, for so many of these large companies to be so profitable, they RELY heavily on VERY VERY CHEAP labor, whether its from some 3rd world sweat shop, or the Mcdonalds down the street, they all rely on people willing to work pretty hard for not much money.
So imo, thats not really a successful business/ economy, when they must rely on this type of labor to even exist.
It also speaks volumes when a Govt has to implement a legal minimum wage, so if it werent for the law, places like mcdonalds would be paying people much less per hour, and still expect the same level of work..?? Something is wrong here! LOL
Agreed. The system is out of balance. When that imbalance becomes too great it will correct itself. At that time there will be revolt.
Yeah, Capitalism is failing because it is based on ADAM SMITH Theory. It is being abused today with Cowboy Capitalism, 1% Theory, and too much power for the Corporations. Corporations have shifted too much of the costs and taxes on the working man and middle class, hence there is not much economic buying power of the Masses of people to keep the economy running HOT.
There are many books now on Amazon Kindle about how Capitalism is failing, too... And I am writing my own Theory of a new economics not based on ADAM SMITH. - TO HELP THE WORLD BE WEALTHIER... ALL OF US.
Life seems to be getting more difficult financially for the majority of people. Is capitalism failing? If so, what are the alternatives?
A few reasons.
A) Tax cuts upon tax cuts, hampering gov't from functioning, from maintaining & improving infrastructure, from supporting science/medicine R & D, from supporting higher education stipend support for low-income students, etc. Oh, and guess what! There are MORE tax cuts coming down the pike!
B) Wages have remained largely stagnant since the 80's, w/higher % of profits going to runaway executive pay Increases in efficiency/productivity stopped being shared with workers.
C) Real estate in some areas has gone through the roof, making it impossible for public servants and the working class in general to live in or near the communities where they work. Rents drain household income.
Capitalism per se isn't failing. A kind of robber baron mentality has set in, bringing about the same results as the last robber baron era in US history. Capitalism can be done different ways. It's the direction it's taken since the USSR crashed that's causing the problems. Russians call this "wild capitalism", as in "untempered", "unrestrained" by any sense of the common weal; run amok.
There's a good book discussing the problems of Capitalism. I saw it in the Library and bought it on Amazon Kindle. I look to it for facts but I got my own original ideas too on what's wrong and how to fix things.
It's this: Confronting Capitalism - by Philip Kotler
Capitalism isn't failing blue collars, blue collars are failing at capitalism. You can thank the decline of union membership for that. Too many are willing to do more work for less, they've forfeited bargaining with strength for groveling to be employed at any cost.
If you define socialism by american standards, then you are wrong. Sweden, Denmark, Belgium, Canada all fit that definition of socialism.
People in the US do tend to throw around the word socialist and socialism a lot. When Canada gets called socialist, Canadians scratch their heads.
As anyone who knows anything about Canada knows, we are a free market economy and a parliamentary democracy that values rights and freedoms.
If anything, we do value democratic-socialism, which some call capitalism with a conscience.
We don't define freedom in relation to guns ownership rights, nor do we think of our healthcare as socialist, any more than Americans think of their police forces, or public schools as socialist.
As for capitalism being dead. I can't speak for all Canadians, but there are issues in Canada where large corporations making incredible profits still don't pay enough to all employees. However, I believe that is an issue in a lot of places right now.
I don't hear people here in Canada saying capitalism has failed, but as usual we keep an eye out for unbridled capitalism. Bank profits are a constant topic of conversation.
There is no capitalism for quite some time.
Ever since Nixon times, when quiet take over was done, world is run by global conglomerate of transnational corporations, keeping governments as fronts for their sole benefit.
Transnationals do not belong to any particular country, or race, or nation, or ethnicity. They care less about laws and policies.
they change map of the world at will, as needed for their benefit.
They change world politics same way.
You discussing a dead horse.
This ----
BRICS summit is voting tomorrow october 15th 2017. (so I understand. don't really know that much about it myself)
Might google if interested, but the U.S. Dollar may even cease to exist sooner than most know.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
