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.
Prices don't need to be increasing as much as they are. Companies saw the highest profits in 70 and still raised prices. Companies like McDonalds, Amazon, Proctor & Gamble, and Kellogg (although there are a boatload more), saw their highest profits in 70 years but still raised prices. A lot of the growing divide is nothing more than greed.
It seems you dont understand the responsibility of public traded companies are. They first and foremost responsibility is to the shareholders not the public in general. Those of us and i bet that includes you through mutual funds or owing individual stocks want these companies to pay dividends or have their stock prices increase over time. Why else would you put your money at risk?
If you really dislike these companies then stop doing business with them and stop buying their products or services and by all means dont invest in them.
We live in a capitalistic society - its not perfect but people like you who complain are the same ones demanding they provide their products at cost. Thats not how works. There are plenty of feel good mutual finds that buy feel good companies you can invest in and hope they provide you the returns you want.
i now can sell these so called companies you complain about and with the profits make my life a little better - try it - it works
I think your assumptions are wrong. Poor people are richer now than they have ever been. They have a place to live, food to eat, jobs, TV's, cell phones, computers. Even homeless people are not freezing or starving to death or living in cardboard boxes any more. You don't know anything about poverty and your wealth is not typical. Most people just survive, they are not worried about losing the value of money in the bank due to inflation. I think you are living in a bubble. I have always been in favor of welfare. As long as the poor are not starving and can sit on a stoop drinking 40's, they are not going to start a revolution.
I never had any desire to be rich. I always worked enough to be comfortable and I still am after 13 years of retirement. But the world has changed. The money we inherited form our parents is still in the bank 10 to 15 years later. Instead of spending it we added to it. We spend money but we don't waste it. Our parents did the same. But I fully expect my kids to blow through two generations of wealth in 6 months when we are gone.
Richer than ever compared to what era?
In my short lifetime, I've only seen the US declining in terms of SoL and QoL.
Our presidents keep proclaiming that we have the strongest economy in the history of the world, yet I see more despair and homelessness than ever before.
Real income of the middle class have been going down, or stagnating at best. For the first time in US history, the coming generation will be worse off than their parents.
Don't confuse technological advancement for economical prosperity. And not to mentioning globalism, improved manufacturing through robotics/automation, larger economies of scale, etc... all of which makes the cost of goods lower.
I assure you that the alternative (socialism) is worse.
I assure you we don't know because the west has attacked (economically) every socialist country due to fears of an alternative system or communism, never allowing them to realize full potential.
Again, I'm not saying socialism is the answer because I do believe capitalism allows for more innovation. But at the same time, I can see the problems inherent with capitalism.
I assure you we don't know because the west has attacked (economically) every socialist country due to fears of an alternative system or communism, never allowing them to realize full potential.
Again, I'm not saying socialism is the answer because I do believe capitalism allows for more innovation. But at the same time, I can see the problems inherent with capitalism.
The West has not attacked every socialistic country. That's an overtly false claim that you should amend.
I assure you we don't know because the west has attacked (economically) every socialist country due to fears of an alternative system or communism, never allowing them to realize full potential.
Again, I'm not saying socialism is the answer because I do believe capitalism allows for more innovation. But at the same time, I can see the problems inherent with capitalism.
Even with the problems inherent with capitalism, it's still superior to socialism in terms of lifting people out of poverty, creating wealth and encouraging innovation.
What country is this? I'm dying to hear about the socialist country that "still has capitalism". Does it still have a monarchy too?
It's possible, yes, to have both. But I've never seen it happen anywhere because the reason socialists have socialist revolutions is because they want to abolish capitalism in the name of "justice" so they can work on creating an all-powerful authoritarian state where free markets are abolished to death. And it winds up going off the rails long before "utopia" is reached at "true" communism.
What I have seen is people claim Scandinavia is socialism, and stuff like that.
How about North Vietnam? Hanoi has McDonalds, Prada, all the luxury stores you can find on Rodeo Drive in Beverly Hills, and tours for Americans who get to stay in luxury hotels, which are popular with Vietnam Vets.
Richer than any era. I guess you had to be there to know the difference.
Quote:
Originally Posted by bluesclues5
Richer than ever compared to what era?
In my short lifetime, I've only seen the US declining in terms of SoL and QoL.
Our presidents keep proclaiming that we have the strongest economy in the history of the world, yet I see more despair and homelessness than ever before.
Real income of the middle class have been going down, or stagnating at best. For the first time in US history, the coming generation will be worse off than their parents.
Don't confuse technological advancement for economical prosperity. And not to mentioning globalism, improved manufacturing through robotics/automation, larger economies of scale, etc... all of which makes the cost of goods lower.
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.
