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Originally Posted by jambo101
What if you are too poor to own a computer.
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Then you need to get a better job, I know people making minimum wage, they rent an apartment, and own a nice computer and high-speed internet.
What has this got to do with anything, is this fictional person of yours a poor, unfortunate loser, and victim, because Gates owns a company that makes computer software?
Quote:
Originally Posted by jambo101
What if you dont sell as many cars as you thought and the company goes bankrupt,maybe you become suddenly poor,needing others to bail you out.
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What if a meteor slammed into your car company and destroyed it?
What are you going on about? Why does anyone need to bail you out, regardless of how your company went out of business.
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Originally Posted by jambo101
Or to make more money you take your hypothetical company to China making your American workers redundant.
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It's usually government interference and over regulating and over taxing private business, that drives them out of America. In the case of US auto makers, it was out of control government regulations and union demands for benefits, compensation and pensions that made it too expensive to make cars in the US.
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Originally Posted by jambo101
When you say every one is a winner in your example its equally possible for every one to lose.
You seem to portray this simplistic notion that if people work hard enough theres no reason to not have millions of dollars in the bank,people get dealt different cards in life some make millions others no matter how hard they work are relegated to financial mediocrity.
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You're breaking my heart.
My example was a small company, consisting of four guys customizing cars, who was this hypothetical loser you envision?
My scenario is not so far fetched, their are plenty of small independent auto repair, detailing, and customizing shops all over the country. The provide a service, people pay for it, and everyone is happy.
...oh wait a tic.... as long as there exists one person who cannot afford a car, then in your mind, these auto repair shops are evil, uncaring, greedy capitalists.
Quote:
Originally Posted by jambo101
The government has little to do with a persons success or failure.
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The government can interfere in private commerce, create burdensome regulations and inflict high taxes to make it impossible for a company to remain in business.
Look at the past 18 months for an example. Ford, played by the rules, while GM drove itself into bankruptcy. GM was rewarded by the government, and now Ford has to try and compete with two car companies that are financed by, and owned by the federal government.
Some banks and financial institutions played by the rules, they did not make unwise investments or gamble away their money, but their greedy, unwise competitors did, and they where rewarded for making those stupid, greedy and foolish decisions and bailed out by the federal government.
So we have to examples here, banking and manufacturing, where the private market was turned on its head, with government interfering by choosing the winners and losers. Instead of letting the market reward the better company, the government stepped in and rewarded poor decisions and greed.