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Old 10-22-2019, 05:49 PM
 
Location: Southern California
26,130 posts, read 9,497,110 times
Reputation: 16882

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Capitalism is alive and very well for the rich and those at the top, it always has been t hat way, the others, clean their toilets.

Todays money talk is billions and trillions, while I was growing up it was thousands.
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Old 10-22-2019, 06:56 PM
 
1,296 posts, read 607,921 times
Reputation: 1446
The line of people at the border trying to escape America’s failed capitalism is astounding.
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Old 10-23-2019, 07:48 PM
 
Location: New York Area
17,855 posts, read 6,987,361 times
Reputation: 13702
Quote:
Originally Posted by YourWakeUpCall View Post
I see nothing in any of those charts indicating capitalism has failed.
But it is CAPATALISM (that) has failed.
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Old 10-24-2019, 03:08 AM
 
Location: Knoxville, TN
2,455 posts, read 857,197 times
Reputation: 2704
Quote:
Originally Posted by SuiteLiving View Post
The line of people at the border trying to escape America’s failed capitalism is astounding.
Ha! Bye!
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Old 10-24-2019, 07:37 AM
 
Location: Boston
9,852 posts, read 2,871,477 times
Reputation: 6918
capitalism is bad for lazy, unmotivated individuals.
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Old 10-24-2019, 08:41 AM
 
Location: New York Area
17,855 posts, read 6,987,361 times
Reputation: 13702
Quote:
Originally Posted by SuiteLiving View Post
The line of people at the border trying to escape America’s failed capitalism is astounding.
Well there are people being held in camps at the border. You mean they're not defectors from the U.S.? I'm totally confused.

Last edited by jbgusa; 10-24-2019 at 09:57 AM..
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Old 10-24-2019, 11:53 PM
 
7,667 posts, read 3,378,406 times
Reputation: 4927
Quote:
Originally Posted by GregW View Post
Capitalism as a description of a real free market economic system is very efficient at weeding out failures. This is why big business has replaced it in this country, and most of the world, with government protection and internal collusion. It is very difficult to make a profit in a free market with few or no barriers to entry. This is why the free market was replaced with regulated crony business.
You can still make profit in things that have natural barriers to entry. Things that are very difficult to manufacture, engineer, design, etc.
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Old 10-24-2019, 11:55 PM
 
Location: southern california
57,125 posts, read 76,122,929 times
Reputation: 50163
The objective of capitalism is not equality by entitlement and social status but by ones own efforts
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Old 10-25-2019, 12:01 AM
 
7,667 posts, read 3,378,406 times
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Quote:
Originally Posted by SWFL_Native View Post
A lot of nonsense in this thread.

The health of an economic system is not defined by income distribution or equality. Our primary issue as an economy is an inability to adapt our workforce to the ever changed dynamics of global competition. When America was an isolated economic bubble we could develop, manufacture, consume, and sustain (soup to nuts) almost everything ourselves. As global markets opened up to both capital & investment so did the labor markets. Those industries where relatively unskilled labor or production constraints could be mobile was transferred to the lowest cost to serve markets. As coal mines fades, steel shut down, furniture died, and other general manufacturing shifted we did not transition our workforce appropriately.

Some of that was failure to predict future demands and the rest was a reliance upon government. We used social programs to acquiesce our population into malaise rather than to incentivize change/improvement.

The beauty about capitalism and a free market is that all markets clear and eventually we reach equilibrium. There are painful parts like a recession/depression that counterintuitively are the most important part of the cycle. Most people fear or look at recessions as a bad byproduct of capitalism when in actuality it is the most healthy part of it. Inefficient businesses and professions must be allowed to go out of business so capital can be re-allocated to new prosperous parties. If you stop this process then you kill the essence of capitalism, hence the bank bailout was an immoral act in the eyes of a capitalist.
The problem is in order to have a nimble workforce you would have to have near-free higher education training that people could enter into any time they have to shift skills to respond to demands that can change as fast as every couple of years.

The soaring costs of education/training is a MAJOR problem. People also have to have very cheap (but functional and safe) places to live while making these shifts. Typically people are forced into extremely low paid mcjobs while this shift is occuring in their lifes (mass lay off, etc) and need a way to live and retain during this period.

This is where the USA falls on its face, once someone is displaced (unless they were able to save an astronomical amount of money to pay huge tuition fees AND live or have family to pay for it all) they are screwed and usually go into poverty/homelessness rather than being able to retool.

This is why you are seeing massive shift in politics because people have no way to retool so they are voting in their own best interests which is smart. If our society is not going to offer means to retool and a space to do it from then people are not just going to go off into the woods and die.

Recessions cause human suffering and unless you give people a real tangible out your going to get political blow back from it. I dont know why Economists have not started factoring this in. People dont just go die in the woods becuase "capital was re-shifted". I agree with you in theory ... if we were not talking about real human beings. When you start treating people like wore out machines your going to find yourself with an untenable policial issue.
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Old 10-25-2019, 04:41 AM
 
Location: New York Area
17,855 posts, read 6,987,361 times
Reputation: 13702
Quote:
Originally Posted by Huckleberry3911948 View Post
The objective of capitalism is not equality by entitlement and social status but by ones own efforts
Excellent. And many of the "progressives" are entitled people who don't want to do an honest day's work, but would rather snipe at others.
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