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Old 03-05-2015, 02:53 PM
 
13,095 posts, read 10,449,179 times
Reputation: 10173

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Quote:
Originally Posted by SOON2BNSURPRISE View Post
Who cares how much your CEO makes. If you don't like it become the CEO or start your own company and compete. Like it or not CEO's bring value to the table. The owners or the board pays the CEO what they think he or she is worth. It has nothing to do with what the employees think that person is worth. The employees generally don't have an ownership stake in the company. They have no say so without an ownership stake. If you want to complain then buy the stock of that company.
Which gives you only the ability to vote for Board members, not to directly make decisions for the company. Get on the Board of Directors you say? The problem with that is that it requires already being in a career in business, and not everyone can do that - there are only so many positions. And it takes 15-20 years to get there anyway, first business school, then a lot of work experience, then going to low level management, and that's IF you're lucky. It is very competitive and even talented people may not get there, simply because when you have 500 talented people with good work ethic and only 10 positions, it is mathematically impossible to hire more than 2% of the pool.

Quote:
Originally Posted by SOON2BNSURPRISE View Post

True a million or $5million is not a lot today nor will it be when I retire. For us that is our plan B. We are working on building wealth in other areas. Still lets say we work all our life and don't make it big, we will have a paid off home and $5million to retire with.
Ok.
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Old 03-05-2015, 03:11 PM
 
6,058 posts, read 3,877,342 times
Reputation: 5983
Quote:
Originally Posted by thinkalam View Post
CAPATALISM has failed -- 21 Charts On US Inequality That Everyone Should See CAPATALISM has failed -- 21 Charts On US Inequality That Everyone Should See


this-viral-video-is-right-we-need-to-worry-about-wealth-inequality

CAPATALISM has proven itself bad for people, society and nation itself and reality is before us...how will we fix it?
Capitalism hasn't failed.

US monetary policy and congress has failed.
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Old 03-05-2015, 03:59 PM
 
Location: Nescopeck, Penna. (birthplace)
12,872 posts, read 7,904,312 times
Reputation: 16741
Quote:
Originally Posted by usayit View Post
I know you are being funny but equating capitalism (a man made system) to gravity is a bit of a stretch. Unchecked, capitalism along with just about every economic/political system conceived by man can do harm.
What the Lefties here are decrying as "capatalism" (sic) is actually a bastardization of free enterprise, made possible only by access to the monopoly on coercion held by the state; and you guys want to give the state more power?
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Old 03-05-2015, 04:39 PM
 
Location: Ruidoso, NM
5,436 posts, read 5,293,651 times
Reputation: 4498
Quote:
Originally Posted by SOON2BNSURPRISE View Post
Everyone can make it. Plenty of room at the top.
OMFG!! You really believe that, don't you?

Do you know what is necessary for aggregate prosperity? Not just your personal bank account. If everyone is going to move up, then what needs to happen?
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Old 03-05-2015, 05:20 PM
 
Location: Nescopeck, Penna. (birthplace)
12,872 posts, read 7,904,312 times
Reputation: 16741
Quote:
Originally Posted by rruff View Post
OMFG!! You really believe that, don't you?

Do you know what is necessary for aggregate prosperity? Not just your personal bank account. If everyone is going to move up, then what needs to happen?
It shouldn't be viewed as a matter of moving "up" ; it shouldn't be hard to discern that there's only so much room at the top of a pyramid. Adulthood is usually a matter o deciding what's best for you (and a partner, if you're fortunate) and finding the essentials for that lifestyle at lower cost (by organizing and running a business serving that lifestyle, for example). Better that than having Big Brother choose (or restrict) your career options for you.

With regard to the usual rants about "the one percent, the idle rich" or whatever target you want to spew about. most people forget that a substantial portion of today's success stories are self made (Jobs, Gates, Bezos, Brin) are self-made, and that their salaries are a small portion of their wealth (Bezos' salary is $200K) rest of that wealth is in common stock, and within a few generations, most of that wealth will belong to "all of us" via foundations, philanthropy ,etc. I trust those institutions somewhat more than I do the peddlers of envy who start threads such as this one.
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Old 03-06-2015, 11:04 PM
 
Location: New York Area
17,897 posts, read 7,010,957 times
Reputation: 13720
Quote:
Originally Posted by usayit View Post
I know you are being funny but equating capitalism (a man made system) to gravity is a bit of a stretch. Unchecked, capitalism along with just about every economic/political system conceived by man can do harm.
The restrictions that curtail freedom, economic or otherwise, are imposed from outside. People naturally try to maximize their own good. Thus the analogy of capitalism to gravity is quite apt.
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Old 03-10-2015, 06:28 AM
 
10 posts, read 7,006 times
Reputation: 23
"wreck the system entirely and replace it with that awful mixed economy employed by Brazil and Mexico."

Bingo. And get filthy rich in the process.
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Old 03-10-2015, 06:34 AM
 
Location: in here, out there
3,062 posts, read 5,784,165 times
Reputation: 5109
Capitalism does not equal equality. The OP's logic is broken.
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Old 03-10-2015, 05:40 PM
 
Location: Oregon, formerly Texas
5,600 posts, read 3,977,857 times
Reputation: 9615
It's not about envy and never has been, unless it's envy to want to be safe and healthy. Concentrations of poverty are unhealthy and dangerous.

There is no "human nature" to capitalism any more than there was to feudalism. During feudal times, people would have said the economic stratification of the time was because God willed it and they had ingrained cultural notions of status based on your "house" or family. Today we say, "the poor don't work hard enough" or something.

Today, the apologists of the system try to use pseudo-scientific terms and say it's human nature. Capitalism is cultural and will change when the technology and the culture changes. What we have now is a culture that values money above all else. People like Steve Jobs, etc... are praised because they invent some gimmicky device that makes a lot of money. There's no guarantee those value systems will last.

Outside civilization humans are more or less egalitarian. They have leaders and followers but they are not selfish by any means. This is consensus among anthropologists. Even current studies show that (most) people would rather receive pain than inflict it on others if given the choice, indicating that we are not inherently selfish. Harm to others outweighs harm to self in moral decision making
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Old 03-10-2015, 07:02 PM
 
Location: Ruidoso, NM
5,436 posts, read 5,293,651 times
Reputation: 4498
Quote:
Originally Posted by redguard57 View Post
There is no "human nature" to capitalism any more than there was to feudalism.
It's human nature for those with insatiable greed and a lust for power to do whatever it takes to sit atop the pyramid. Small tribal communities have a very different dynamic than large civilizations.

Consumer-capitalism just happens to have the most successful since the industrial revolution began. This is a great thing for most of us because it results in a symbiotic relationship where wealth is concerned, and also supports democracy and human rights. The only reason why it has "failed" most people in the US over the last few decades is because the rich are using globalization to drain capital from developed countries in order to rapidly develop poorer ones, and of course get richer in the process.

But when highly sophisticated robotics are developed, consumer-capitalism will also be dead. I fear democracy and human rights will be old-fashioned as well.
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