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Capitalism works fine as long as there are enough Regulations to protect the people from the dark side of capitalism.
At this time that dark side is fighting a battle to de-regulate (Koch brothers). Our recent history shows what can happen when regulations get dropped or over turned by a conservative Republican congress. It took only 9 years for a depression (my term) to start (2008). We would do well to keep them out of office.
Democrats, and most notably progressive democrats, won the congress in 2006. You may want to research what happened next, if you capable of that....
What is wrong with you that you are unable increase your earnings and improve your own living standard by the standard process of increasing your worth to your employer?
Why do you believe that you have the right to, and must have, the representation of a union to forcesomeone to pay you more than you are worth, but you do not recognize an employer's right to fire you and hire someone in your place who is worth the money you demand, but are unwilling to deliver that amount (or more) in return value to your employer?
Capitalism is not the problem. Capitalism places power in your hands. You have the right to earn as much as your skills and the effort you apply are able to garner. This means that there is a "value for value" relationship at work. If you demand more than the value of your skills and labor, you should not expect to be paid what you demand.
It is your victim mentality that holds you back. When you cease to view yourself as a victim, and begin to exercise your individualism and Liberty, and take responsibility for your own position in life, you may just find yourself getting rich one day.
Nobody that expects someone else to hand them everything without there own effort deserves to be rich.
So you just gonna blame low class people to cover up that the wealthy are getting more and more richer that seems most Republicans motto.
This country has never been a "capitalist" country. "Our" economy is more like a business/government collusion, hardly capitalism. So we do know that a government/business collusion does not work for the average person though now.
I don't get threads like this. Really.
America has been capitalist since day one. No other system ever existed.
So what is the OP suggesting?
The point of everything Opin_yunated posts is to show how the world is unfair and that only by making the "evil 1%" suffer can everyone else be lifted up. In his worldview, the per hour output being $67 means that's what everyone's salary should be, regardless of what they do to earn it, or if they do anything at all really. Everyone in America should simply enjoy a $130k annually per person lifestyle. Flip burgers, cure cancer, walk on the moon, whatever. You should be paid $67 an hour.
Yes yes, I realize there are a few thousand economic realities that totally crush such simplistic thinking, but economic reality is not one of those things the income inequality folks trouble themselves over.
So you just gonna blame low class people to cover up that the wealthy are getting more and more richer that seems most Republicans motto.
The Business of Business is to make a profit and keep the doors open in serving their customers. I agree no one deserves 67.00 per hour plus benefits. Besides the cost of the average employee with insurance/ workman's comp, comes in @ 75.00$ per employee.
Every likes to make money Democrat and Republican alike. To suggest that Republicans is all about the money is crazy.
If some of these so called for the good of the poor, must have never owned a business and managed one.
-$16.8 trillion GDP
-$67.38 / labor-hour per capita
In lamens terms, we are creating wealth at a rate of $67.38 for every hour of labor worked, good for 3rd in the world.
How much of that $67.38 / hour are you seeing?
Capitalism is working exactly as intended; the 1% are getting filthy rich off your labor and you're not. Are you ready to join a union or increase the minimum wage? Are you ready to keep more of what you "earn?"
Hmmm...................... I would think better than Cuba or North Korea, the shining bastions of communism.
The left complains about inequities in wealth, yet celbrates Bill Clinton, who killed the middle class via NAFTA and China most favored nation trade status.
Keep in mind that under the Obama admin, there has been an even greater degree of income inequality. This, of course, is during the admin of the most far left POTUS the nation has seen. How did things go under Reagan?
-$16.8 trillion GDP
-$67.38 / labor-hour per capita
In lamens terms, we are creating wealth at a rate of $67.38 for every hour of labor worked, good for 3rd in the world.
How much of that $67.38 / hour are you seeing?
Capitalism is working exactly as intended; the 1% are getting filthy rich off your labor and you're not. Are you ready to join a union or increase the minimum wage? Are you ready to keep more of what you "earn?"
Capitalism what is that let me know when we have it here. I am still waiting for it actually be a Capitalist society.
-$16.8 trillion GDP
-$67.38 / labor-hour per capita
In lamens terms, we are creating wealth at a rate of $67.38 for every hour of labor worked, good for 3rd in the world.
How much of that $67.38 / hour are you seeing?
Capitalism is working exactly as intended; the 1% are getting filthy rich off your labor and you're not. Are you ready to join a union or increase the minimum wage? Are you ready to keep more of what you "earn?"
if you include my benefits (healthcare, 401k match, etc) i'm at 67 or damn close.
regardless, who said United States is a capitalistic country? Not really. More of a "somewhat free market economy, but still heavily ran/regulated/influenced by gvt"
perhaps we should look up the definition of capitalism?
There is a world of difference between an economy that is run on Capitalist principals for free and open markets and an economy that is comfortably controlled by collusion between financiers, businessmen and governmental collaborators. The latter system was in charge during most of the 19th century with its every 25 year depressions and is back in charge. It was only interrupted by the New Deal, WW2 government domination and the good times before Richard Nixon allowed the colluders to regain control of the economy. Most of us are now victims of the Great Corporate Collusion that has replaced Capitalism without the benefits for most provided by government directed redirection of the monopoly profits.
We can only expect more of the same until one of these "recessions" falls off into a real economic collapse. I do not think we will have to wait very long due to our misdirection of our resources into "policing" (ineffectually) the world instead of investing the money rebuilding our decaying infrastructure for the benefit of our businesses as well as out people.
This country has never been a "capitalist" country. "Our" economy is more like a business/government collusion, hardly capitalism. So we do know that a government/business collusion does not work for the average person though now.
You just so stole my thunder. You got it just right. We have a government that is supported by the tax dollars earned by citizens - most of whom earn their living working for companies owned by or at least initially created by private individuals who were industrious enough to create businesses.
I have been thinking a lot lately about what would happen to this country if enough big businesses decided to pack up and move as tax refugees. What lead me to thinking about this in the broader sense of business/government (and not even a partnership) is the unemployment system.
Government has this expectation that recipients should go out there and match themselves with all those jobs created by the private sector that need bodies in them or else! All of the plebes who fail to match - prepare to get cut off - and be uncounted. If there is a significant mismatch between the skills and training of the workforce and the jobs that the private sector creates, then too bad, government makes a very lame effort to patch up the worker to make them marketable. All of the horrendous employment practices going on now and getting worse by the minute is of no concern to the government. They would prefer to pretend that the problem of massive unemployment is too many people failing to match up or patch up. In some ways this is the right summation of the problem and in many ways it is not.
If it is way to controversial to say that capitalism is failing, I will at least say that massive unemployment of human beings is a symptom of some kind of massive failure of a system.
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Capitialism
