Capitalism. Is. Boss.

Discussion in 'Economy' started by Liberty, Sep 14, 2010.

  1. Liberty
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    Liberty Silver Member

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    If you have talent, work hard, you succeed at life
    If you don't ave talents, are lazy, and contribute nothing, you fail at life.
    Economic darwinism; capitalism is simply the economic manifestation of freedom, liberty, and the rights to the fruit of your own labor. With the sky as the limit, a capitalist society is free to innovate due to open competition, and choices of the customer decides what business ventures succeed or fail.

    Capitalism is what made the United States go from a third world back water country, to the moon in less than 200 years.


    What exactly is wrong with capitalism?
     
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    Last edited: Sep 14, 2010
  2. uscitizen
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    uscitizen Senior Member

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    Those who make the most compensation produce the least product.
     
  3. Liberty
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    Liberty Silver Member

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    Please, go on.
     
  4. Charles_Main
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    Charles_Main AR15 Owner

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    Nothing.
     
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  5. xotoxi
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    xotoxi Platinum Member

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    Give some specific examples of people who succeed and people who fail.
     
  6. Greenbeard
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    Greenbeard Gold Member

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    There doesn't have to be something "wrong" with capitalism to acknowledge that capitalism by itself didn't take us to the moon.
     
  7. Charles_Main
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    Charles_Main AR15 Owner

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    300 Million people with 85% of them living with one of the best standards of living in the world, and some of the highest pay in the world.

    A country where even the vast majority of the poor still have a place to live, and basic necessities, and even things others in the world who are poor could not dream of. Like Cable TV, and internet, and computers.

    Capitalism with a social net to catch the ones who fall through the cracks is the best way to go. Always will be. No other way creates the wealth to sustain such high standards of living. Greed for profit drives innovation and growth. You put a cap on what one can make before they are taxed to death and you remove the incentive to make it big that drives our society. You remove the drive to innovate. You remove the major driving factor in wealth creation. No amount of Social Program, socialist government can be sustained with out a vibrant growing Private sector to pay the bills. Push to far to the left and the golden goose will die and all your dreams of a compassionate state where everyone gets the same chance and help if needed with die with it.
     
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  8. Liberty
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    Liberty Silver Member

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    edit: ok specific sorry. here is specific.

    succeed: Gordon Ramsay (not an american, but earned everything himself and started as NOTHING)
    fail: anyone who gives up.

    you see, success and failure aren't just a measurement of accomplishment, they are also mindsets that can define a person in their most difficult times. ...if you give up, you are a failure. if you push through, you will succeed. Welcome to capitalism and liberty. :)
     
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  9. xotoxi
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    xotoxi Platinum Member

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    In to which category would you place the guy with learning disabilities who was not able to finish school, who is a garbageman making minimum wage, who works as a part time flagger at highway construction sites, and who receives Medicaid because the monthly health insurance premiums that are offered through his job are more than he makes in a month?
     
  10. Liberty
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    Liberty Silver Member

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    eh damn i edited that, sorry. Ill respond to the original post though and your questions.

    first of all, garbage men make good money, i had a buddy that did that. Crazy good money.

    Second, i'd say that private charities are the ones that should help those less fortunate because private charity is also a byproduct of freedom. If the government wishes to offer a certain economic bonus of some kind to those who are wealthy and donate to specific privately owned charities, then that is a great incentive. An example could be a tax cut for the next fiscal year if you donate 10% of your profits or higher to a medical related charity. Bam. Taxes are still needed to fund the military and such, I believe that is necessary.

    Also, customers can also see which businesses that are competing donates the most, and they might be more inclined to purchase from the more charitable one. There are many ways to go about it that doesn't involve excessive government monopoly.

    The government itself has no place in the matter, is the main point.
     
    Last edited: Sep 14, 2010

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