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Old 02-18-2015, 08:55 AM
 
Location: Londonderry, NH
41,479 posts, read 52,343,615 times
Reputation: 24652

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Big money allows big business to collude with each other and buy big government to ignore the collusion and allow the acquisition of even more wealth to buy more government. Big security is even more important then big money to these people.

The rest of us pay monopoly prices on low and controlled wages. This ain't capitalism, this ain't fair, this ain't legal but it IS what is happening.
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Old 02-18-2015, 11:51 AM
 
Location: Sunrise
10,868 posts, read 14,575,359 times
Reputation: 9019
Quote:
Originally Posted by GregW View Post
The rest of us pay monopoly prices on low and controlled wages. This ain't capitalism, this ain't fair, this ain't legal but it IS what is happening.
And a little less than half the population isn't just asking for more of the same, they're screaming for it. Hell, they're BEGGING for it.

"Please," they beg, "let our beloved corporate masters have all the money they want. Let them pay no taxes at all. We'll gladly pay their taxes for them. We'll also gladly pay for health care at hospital emergency rooms so they don't have to pay. We'll gladly subsidize their low wages so they can make a few extra billion each year. Why, oh why, do you interfere with the actions of our beloved job creators?"
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Old 02-18-2015, 11:55 AM
 
Location: it depends
6,073 posts, read 5,450,920 times
Reputation: 5773
Quote:
Originally Posted by ScoopLV View Post
There are other economic systems. It doesn't have to be one or the other.

The best form of capitalism was the kind we had during the 1950s to mid-1960s.
Oh, that would be great! White people would get all the plum union jobs, and black people could clean houses and be elevator operators! Yeah, the 50's and 60's would be great for everyone.
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Old 02-18-2015, 01:06 PM
 
4,745 posts, read 4,915,596 times
Reputation: 3939
Quote:
Originally Posted by freemkt View Post
Capitalism has clearly failed to produce an adequate supply of housing in this country affordable to people who earn less than median income.

When half of all low-income renters are spending at least half their income on shelter, that looks like a failure of capitalism. A lot of those people are eating only because government gives them food stamps and private charities give them food.
Where I live you can rent a nice 1 bedroom apartment for less than $550/month. I don't think you need to earn 35-40k/yr to afford that.

I spent 3 years living with my wife when our household income was <40k/yr and we lived in a nice 1 bedroom with a resort style pool for $840/month in Orlando (2008-2011).
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Old 02-19-2015, 11:52 AM
 
48,509 posts, read 85,471,862 times
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So move to France and report back later :OP. Mean while in China they are loving what the capitalist free market system is doing for them and converting more each day to it.
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Old 02-19-2015, 09:44 PM
 
Location: Poshawa, Ontario
2,986 posts, read 3,410,738 times
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Quote:
Originally Posted by thinkalam View Post
CAPATALISM has proven itself bad for people, society and nation itself and reality is before us...how will we fix it?
I suppose we could adapt the North Korean economic model. After all, if Capitalism is such a failure, the members of the former Soviet Bloc still following a strict Marxist doctrine must be thriving by comparison!

Quote:
Originally Posted by marcopolo View Post
Oh, that would be great! White people would get all the plum union jobs, and black people could clean houses and be elevator operators! Yeah, the 50's and 60's would be great for everyone.
So you think the unchecked racism of the 50's and 60's is a direct symptom of the capitalist economic model?

That's some logic you're using there.
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Old 02-19-2015, 09:54 PM
 
Location: North Idaho
2,224 posts, read 2,204,599 times
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A) We do not have a capitalist economy in the United States. What we have is a system in which the government has set itself up as the regulator and gatekeeper of which industries and corporations are successful. Play the game and you get advantages bestowed on you by the government, hence rational actors play the game.

B) Lack of inequality is not a sole measure of success. If we measured success by the percentage of the population who can afford a cell phone, a large screen TV and a car you would find our system has been a raging success (just to pick some obvious examples). Our economy has done more to reduce poverty than any other economic system.

C) Many socialist countries have greater levels of inequality (e.g. Russia). Others may have lower levels of inequality, but none of them have produced the sustained record of overall economic success that the United States has produced.

Dave
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Old 02-19-2015, 10:19 PM
 
Location: Exeter, NH
5,334 posts, read 4,506,806 times
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It isn't capitalism that has failed, it is the perverse current system where Big Government-Serves-Big Business, and BOTH do everything they can to empoverish the working class (Big Government by taxing the working class and setting up "open-door"immigration; Big Business by minimizing compensation and job creation).

True and functional capitalism requires both small business and Big Business, and a government that too small to interfere with the economy. America today has Big Business but almost no small business (thanks to overtaxation and over-regulation), and it has a Big Government so grossly bloated that it totally circumvents the normal workings of the economy by constant interference and manipulation. And this interference is done NOT to help the economy or the working class--it is done to maximize the power of countless different government officials, and to reward those Big Businesses and Special Interests who fund the campaign contributions of the powerful government officials.

With a small and relatively powerless centralized federal government, as set up by the Founding Fathers, we would still have a powerful economic sector of small businesses. Small businesses are the source of most new jobs, and they tend to treat workers far better because small business owners are directly involved with the workers every day. Small businesses also offer upward mobility, as successful workers eventually buy or start their own small businesses.

Of course Big Business HATES small business, because they must compete with them for both workers and customers. Consequently, Big Business knows it is very profitable to simply buy Big Government politicians via campaign contributions, and lives of wealth when the politicians retire. It is obvious that America's Big Government has been waging war against the American working class, at the behest of Big Business, since the mid-1960s--perversely using the wave of liberalism as cover for acts that cut the working class off at the knees (like the 1965 open-door immigration law that swamped the labor pool and thereby destroyed the negotiating power of labor).
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Old 02-20-2015, 01:22 AM
 
Location: Bran's tree
11,681 posts, read 5,220,640 times
Reputation: 12946
Quote:
Originally Posted by ScoopLV View Post
You must have missed that sentence that reads, "And don't get me wrong, some wealth inequality is a good thing."

Total skewing of wealth inequality turns us into Mexico or Brazil. Is that what you want? In those countries, roughly 90% of the population live in poverty. They have a middle class of 8%, with 1% wealthy and 1% uber-wealthy? Because that's where we're heading.

The richest man in the world is Mexican, after all. I wouldn't want to be the richest man living in a ****hole, stuck in a fortress for fear of being whacked by narco-terrorists. Warren Buffett gets to visit his beloved diner in Omaha several times a week and nobody messes with him -- at least for now.
Exactly.

Rich people in those countries are always having to watch their back. The risk of being kidnapped/robbed/etc is constant.

So they live in barracaded compounds (er, I mean 'villas'), hire armed guards 24/7 and trained attack dogs outside.

They can't go anywhere without security guards.
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Old 02-20-2015, 10:13 AM
 
15,845 posts, read 9,556,901 times
Reputation: 14382
Quote:
Originally Posted by Annuvin View Post
I suppose we could adapt the North Korean economic model. After all, if Capitalism is such a failure, the members of the former Soviet Bloc still following a strict Marxist doctrine must be thriving by comparison!



So you think the unchecked racism of the 50's and 60's is a direct symptom of the capitalist economic model?

That's some logic you're using there.
You took the words right out of my mouth.

If you want to see a comparison of capitalism vs communism, take a look at North and South Korea. They each had a choice, and chose differently. I know I'd much rather live in South Korea, that chose capitalism.
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