Capitalism. Is. Boss.

[Liberty]

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?

 

[uscitizen]

Those who make the most compensation produce the least product.

 

[Liberty]

Those who make the most compensation produce the least product.

Please, go on.

 

[Charles_Main]

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?

Nothing.

 

[xotoxi]

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.

Give some specific examples of people who succeed and people who fail.

 

[Greenbeard]

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

 

[Charles_Main]

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.

Give some specific examples of people who succeed and people who fail.

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.

 

[Liberty]

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.

Give some specific examples of people who succeed and people who fail.

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.

 

[xotoxi]

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.

Give some specific examples of people who succeed and people who fail.

succeed: 18 year old man graduates high school. gets job at local retail outlet. Discovers he is a good salesman, works his way up the chain. By 28 he is a ditrict manager making nearly 70k a year.

fail: 18 year old man graduates high school. gets job at local retail outlet. is a poor salesman. gets fired. gets hired at burger king. flips burgers for 5 years because he is not sociable and has a chip on his shoulder. finds out he is clumsy and chopped his finger off. decides to give up instead of work harder or educate himself. Decides to go on welfare and live off the money of the hard working successful man above because he begins believing he is a failure when all he has to do is try something else.

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?

 

[Liberty]

Give some specific examples of people who succeed and people who fail.

succeed: 18 year old man graduates high school. gets job at local retail outlet. Discovers he is a good salesman, works his way up the chain. By 28 he is a ditrict manager making nearly 70k a year.

fail: 18 year old man graduates high school. gets job at local retail outlet. is a poor salesman. gets fired. gets hired at burger king. flips burgers for 5 years because he is not sociable and has a chip on his shoulder. finds out he is clumsy and chopped his finger off. decides to give up instead of work harder or educate himself. Decides to go on welfare and live off the money of the hard working successful man above because he begins believing he is a failure when all he has to do is try something else.

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?

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.

 

[Kevin_Kennedy]

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

This is correct. Capitalism didn't take us to the moon, government did. Capitalism would have kept the money spent by the government to take us to the moon and kept it in the productive part of the economy, the private sector. Though the government wouldn't have been able to use that money to send us to the moon without capitalism largely driving the productive sector.

 

[Liberty]

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

This is correct. Capitalism didn't take us to the moon, government did. Capitalism would have kept the money spent by the government to take us to the moon and kept it in the productive part of the economy, the private sector. Though the government wouldn't have been able to use that money to send us to the moon without capitalism largely driving the productive sector.

if you guys wanna nitpick, 90% of the technology in the military and NASA was developed by private companies and engineer research firms, fyi. The only thing that isn't is the specific software programming which the government hires themselves. the government then contracts with the firms and purchases their products. That's how jet fighters are made, for example. Private companies.

boeing makes the damn space shuttles for crying out loud, and thats a private company! haha. capitalism, baby.

 

[Kevin_Kennedy]

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

This is correct. Capitalism didn't take us to the moon, government did. Capitalism would have kept the money spent by the government to take us to the moon and kept it in the productive part of the economy, the private sector. Though the government wouldn't have been able to use that money to send us to the moon without capitalism largely driving the productive sector.

if you guys wanna nitpick, 90% of the technology in the military and NASA was developed by private companies and engineer research firms, fyi. The only thing that isn't is the specific software programming which the government hires themselves. the government then contracts with the firms and purchases their products. That's how jet fighters are made, for example. Private companies.

And would those "private" companies be producing jet fighters if the government wasn't supplying the demand for them? No, because there'd be no demand for them. They're of no use to the private sector, so those companies would have to start catering to the productive bit of the economy as opposed to the unproductive bit.

 

[edthecynic]

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?

Well that certainly explains why Liberals are more financially successful than CON$.
Thank you.

 

[Greenbeard]

if you guys wanna nitpick, 90% of the technology in the military and NASA was developed by private companies and engineer research firms, fyi. The only thing that isn't is the specific software programming which the government hires themselves. the government then contracts with the firms and purchases their products. That's how jet fighters are made, for example. Private companies.

What's your point? 100% of the medical care purchased through Medicare or Medicaid is provided by private doctors and hospitals, too. Does that make it sufficiently free markety for your tastes? The reality is that government investments (yes, mostly through money funneled into the private sector) have been significant in our history:

Consider the kinds of industries usually associated with the modern economy: jet aviation, semiconductors, computers, the Internet, global positioning systems, laser technology, MRI technologies, high-strength steel alloys, fiber-reinforced plastics, nanotechnologies. Tens of millions of new jobs -- well-paying jobs with good benefits -- were created through these innovative industries.

Each of them arose out of government-funded research, initial development by government, requirements established by regulation, large-scale governmental demand and purchasing to provide initial markets, or some combination of these. Every one of them.​

Life is about balance.

 

[Liberty]

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?

Well that certainly explains why Liberals are more financially successful than CON$.
Thank you.

You going to actually make a logical critique of capitalism or just gonna hop in, say something asinine, then hop out?

 

[Liberty]

if you guys wanna nitpick, 90% of the technology in the military and NASA was developed by private companies and engineer research firms, fyi. The only thing that isn't is the specific software programming which the government hires themselves. the government then contracts with the firms and purchases their products. That's how jet fighters are made, for example. Private companies.

What's your point? 100% of the medical care purchased through Medicare or Medicaid is provided by private doctors and hospitals, too. Does that make it sufficiently free markety for your tastes? The reality is that government investments (yes, mostly through money funneled into the private sector) have been significant in our history:

Consider the kinds of industries usually associated with the modern economy: jet aviation, semiconductors, computers, the Internet, global positioning systems, laser technology, MRI technologies, high-strength steel alloys, fiber-reinforced plastics, nanotechnologies. Tens of millions of new jobs -- well-paying jobs with good benefits -- were created through these innovative industries.

Each of them arose out of government-funded research, initial development by government, requirements established by regulation, large-scale governmental demand and purchasing to provide initial markets, or some combination of these. Every one of them.​

Life is about balance.

Great. if the government wishes to purchase product from a business owner, then they can be like any other customer. I do not see your point. if the government can buy scalpels from a private company, you are saying the government then has the right to use the scalpels on someone who needs surgery at the expense of a third party via their taxes?

Enlighten me, also, government funded research is unnecessary because if the companies kept more of their money they could fund their own research with their motive being to 1-up the competition and thus increase the standard of living for the population even more! Maybe even robot butlers! cool! (most companies have research divisions ie. apple)

side note: im going to bed ill check on this in the morning! later.

 

[Greenbeard]

Great. if the government wishes to purchase product from a business owner, then they can be like any other customer.

Looks like we're on the same page.

 

[Kevin_Kennedy]

if you guys wanna nitpick, 90% of the technology in the military and NASA was developed by private companies and engineer research firms, fyi. The only thing that isn't is the specific software programming which the government hires themselves. the government then contracts with the firms and purchases their products. That's how jet fighters are made, for example. Private companies.

What's your point? 100% of the medical care purchased through Medicare or Medicaid is provided by private doctors and hospitals, too. Does that make it sufficiently free markety for your tastes? The reality is that government investments (yes, mostly through money funneled into the private sector) have been significant in our history:

Consider the kinds of industries usually associated with the modern economy: jet aviation, semiconductors, computers, the Internet, global positioning systems, laser technology, MRI technologies, high-strength steel alloys, fiber-reinforced plastics, nanotechnologies. Tens of millions of new jobs -- well-paying jobs with good benefits -- were created through these innovative industries.

Each of them arose out of government-funded research, initial development by government, requirements established by regulation, large-scale governmental demand and purchasing to provide initial markets, or some combination of these. Every one of them.​

Life is about balance.

Great. if the government wishes to purchase product from a business owner, then they can be like any other customer. I do not see your point. if the government can buy scalpels from a private company, you are saying the government then has the right to use the scalpels on someone who needs surgery at the expense of a third party via their taxes?

Enlighten me, also, government funded research is unnecessary because if the companies kept more of their money they could fund their own research with their motive being to 1-up the competition and thus increase the standard of living for the population even more! Maybe even robot butlers! cool! (most companies have research divisions ie. apple)

side note: im going to bed ill check on this in the morning! later.

Except government isn't like any other customer. It's wasteful, and gets its money not by providing a good or service to the economy, but by stealing it from those who do.

 

[loosecannon]

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?

everything is wrong with this post.

First off you falsely equate "freedom" with laissez faire survival of the fittest morality. Or "I got mine don't worry bout his". A creed antithetical to society of all forms, democracy and republic esp.

Second of all our economic system had almost shit to do with our success. Tho perhaps our patent laws did. We were gifted with at least a half dozen special circumstances which propelled us toward great wealth that had nothing to do with hard work.

>a continent full of virgin resources to exploit
>a robust slave economy
>geographic isolation from european enemies and rivals
>huge stores of gold and silver
>a windfall in German intelligencia who fled here pre WWII
>an even larger windfall in intelligencia including minds like Tesla simply by virtue of being a net immigration nation
>eventual world reserve currency status
>nuclear hegemony
>world commodity exchange hegemony
>we invented mass production and exited world war two with 60% of the world's gold AND we were the world's greatest creditor nation

Being lucky is much more important than working hard or being good.

We were lucky. Get over yourself. You didn't create your wealth, you inherited it.