For the Capitalists on USMB.

[Coloradomtnman]

I'm kinda bored with the other threads right now, so I'd like to start a little debate over here in economics:

If you are a capitalist, please answer these questions:

Do you trust the market totally to regulate itself?

Are you wealthy?

If not, what are your chances of obtaining wealth, and how would you obtain that wealth?

If you are wealthy, how did you get there?

What would mean success for you in your own life?

 

[manu1959]

i work in the private sector in architecture

i am an owner in a company

yes i trust the market to regulate itself and it does

some consider me wealthy i don't

i worked 5-6 days a week 10-12 hours a day for years....oncce i went 18 months with only 4-5 days off....

success means not having to do that anymore and achieving a balanced life and it has nothing to do with money.....

 

[KittenKoder]

Do you trust the market totally to regulate itself?
No, but any consumer should investigate products themselves and make informed purchases, good and safe products will sell, others will drive the faulty businesses out of business.

Are you wealthy?
In mind, yes, according to legislation I am in poverty.

If not, what are your chances of obtaining wealth, and how would you obtain that wealth?
If the government wouldn't make it so expensive and difficult to obtain licenses through all their "regulation" then I'd have a business of my own by now.

If you are wealthy, how did you get there?
N/A

What would mean success for you in your own life?
I have it, going from nothing to something.

 

[sealybobo]

i work in the private sector in architecture

i am an owner in a company

yes i trust the market to regulate itself and it does

some consider me wealthy i don't

i worked 5-6 days a week 10-12 hours a day for years....oncce i went 18 months with only 4-5 days off....

success means not having to do that anymore and achieving a balanced life and it has nothing to do with money.....

I remember a few years ago they were talking about careers that didn't think would ever be outsourced to China/India and one of the careers mentioned was architecture.

Have you seen this happening yet?

How will you survive if you have to deal with archetech's in India?

The IT world is dealing with this now. Companies fake like they tried but couldn't find any American help because they don't want to pay American wages. They make the qualifications impossible for anyone to meet so they are sure to never find anyone. Then they lower the bar and hire a cheaper employee with a worker visa from india.

 

[KittenKoder]

i work in the private sector in architecture

i am an owner in a company

yes i trust the market to regulate itself and it does

some consider me wealthy i don't

i worked 5-6 days a week 10-12 hours a day for years....oncce i went 18 months with only 4-5 days off....

success means not having to do that anymore and achieving a balanced life and it has nothing to do with money.....

I remember a few years ago they were talking about careers that didn't think would ever be outsourced to China/India and one of the careers mentioned was architecture.

Have you seen this happening yet?

How will you survive if you have to deal with archetech's in India?

The IT world is dealing with this now. Companies fake like they tried but couldn't find any American help because they don't want to pay American wages. They make the qualifications impossible for anyone to meet so they are sure to never find anyone. Then they lower the bar and hire a cheaper employee with a worker visa from india.

IT is outsourcing because the government is forcing contracts made with specific companies onto the private companies.

 

[sealybobo]

i work in the private sector in architecture

i am an owner in a company

yes i trust the market to regulate itself and it does

some consider me wealthy i don't

i worked 5-6 days a week 10-12 hours a day for years....oncce i went 18 months with only 4-5 days off....

success means not having to do that anymore and achieving a balanced life and it has nothing to do with money.....

I remember a few years ago they were talking about careers that didn't think would ever be outsourced to China/India and one of the careers mentioned was architecture.

Have you seen this happening yet?

How will you survive if you have to deal with archetech's in India?

The IT world is dealing with this now. Companies fake like they tried but couldn't find any American help because they don't want to pay American wages. They make the qualifications impossible for anyone to meet so they are sure to never find anyone. Then they lower the bar and hire a cheaper employee with a worker visa from india.

IT is outsourcing because the government is forcing contracts made with specific companies onto the private companies.

Do you have anything to back that up?

Bill Gates says its because there aren't enough skilled IT people in the US to fill the role.

I don't buy his excuse either, because IBM and Microsoft have lowered their IT staffs wages recently. If there was a demand for IT people like they say, those people would quit and go find better jobs. There are no jobs. So Bill Gates is a liar.

When the Robber Baron's took over this country in 1913, they gave away half their fortunes to charity. That's because they knew they stood to make billions, so who cares about millions. And plus it was a great PR move.

 

[KittenKoder]

I remember a few years ago they were talking about careers that didn't think would ever be outsourced to China/India and one of the careers mentioned was architecture.

Have you seen this happening yet?

How will you survive if you have to deal with archetech's in India?

The IT world is dealing with this now. Companies fake like they tried but couldn't find any American help because they don't want to pay American wages. They make the qualifications impossible for anyone to meet so they are sure to never find anyone. Then they lower the bar and hire a cheaper employee with a worker visa from india.

IT is outsourcing because the government is forcing contracts made with specific companies onto the private companies.

Do you have anything to back that up?

Bill Gates says its because there aren't enough skilled IT people in the US to fill the role.

I don't buy his excuse either, because IBM and Microsoft have lowered their IT staffs wages recently. If there was a demand for IT people like they say, those people would quit and go find better jobs. There are no jobs. So Bill Gates is a liar.

When the Robber Baron's took over this country in 1913, they gave away half their fortunes to charity. That's because they knew they stood to make billions, so who cares about millions. And plus it was a great PR move.

Yeah, because now all the US IT prof. are using schooling to get their jobs instead of skill. But many other companies are often blind sided by the contracts the government has with MS, forcing them to go outside the country since they are not MS "certified". I didn't give the only reason, but one that demonstrates how "regulation" is hurting our country.

 

[manu1959]

i work in the private sector in architecture

i am an owner in a company

yes i trust the market to regulate itself and it does

some consider me wealthy i don't

i worked 5-6 days a week 10-12 hours a day for years....oncce i went 18 months with only 4-5 days off....

success means not having to do that anymore and achieving a balanced life and it has nothing to do with money.....

I remember a few years ago they were talking about careers that didn't think would ever be outsourced to China/India and one of the careers mentioned was architecture.

Have you seen this happening yet?

How will you survive if you have to deal with archetech's in India?

The IT world is dealing with this now. Companies fake like they tried but couldn't find any American help because they don't want to pay American wages. They make the qualifications impossible for anyone to meet so they are sure to never find anyone. Then they lower the bar and hire a cheaper employee with a worker visa from india.

you can outsource the drafting of plans....but you can't outsource the design....we have a sister company in india....we use them from time to time if we can't hire....not a problem anymore.....h1b visas are very hard to get....

 

[manifold]

Do you trust the market totally to regulate itself?

No offense, but that's a stupid question. The market doesn't regulate itself. I'm not sure where you ever got the idea that it does.

 

[Coloradomtnman]

Do you trust the market totally to regulate itself?

No offense, but that's a stupid question. The market doesn't regulate itself. I'm not sure where you ever got the idea that it does.

Manifold, I don't think that the market does, at least, not completely. I'm asking if others believe it.

Duh!

 

[manifold]

Do you trust the market totally to regulate itself?

No offense, but that's a stupid question. The market doesn't regulate itself. I'm not sure where you ever got the idea that it does.

Manifold, I don't think that the market does, at least, not completely. I'm asking if others believe it.

Duh!

The market doesn't regulate itself at all. Capitalism theory doesn't argue that markets regulate themselves, it argues that unregulated markets are the most efficient. And for the most part that is true... they very efficiently lay waste to the many losers.

 

[Coloradomtnman]

i work in the private sector in architecture

i am an owner in a company

yes i trust the market to regulate itself and it does

I didn't foresee that my question was a little broad. Do you think the market regulates itself in only your market, or in every market? In other words, does the capitalistic philosophy play out as it was predicted.

some consider me wealthy i don't[/QUOTE]

I'd imagine that being an owner in an architectural firm doesn't pay poorly...?

i worked 5-6 days a week 10-12 hours a day for years....oncce i went 18 months with only 4-5 days off....

Was it worth it?

success means not having to do that anymore and achieving a balanced life and it has nothing to do with money.....

Why do you work so hard then? Is it simply a love for the work you do? What I mean is, are you spending your life in such a way that you enjoy what you do for work more than you enjoy having free time to do what you would rather do?

 

[Kevin_Kennedy]

I'm kinda bored with the other threads right now, so I'd like to start a little debate over here in economics:

If you are a capitalist, please answer these questions:

Do you trust the market totally to regulate itself?

Are you wealthy?

If not, what are your chances of obtaining wealth, and how would you obtain that wealth?

If you are wealthy, how did you get there?

What would mean success for you in your own life?

I absolutely trust the market to regulate and correct itself.

No, I am not in the league below wealthy either.

I'd say my chances of becoming wealthy are the same as anybodies so long as I work hard in life.

I'm not sure what success would mean for me in my own life. I suppose I'll put it as being able to sleep in while being employed somewhere I enjoy working.

 

[Coloradomtnman]

No, but any consumer should investigate products themselves and make informed purchases, good and safe products will sell, others will drive the faulty businesses out of business.

Sounds like a fantasy world to me!

In mind, yes, according to legislation I am in poverty.

But you're happy or mostly content with your lot in life?

If the government wouldn't make it so expensive and difficult to obtain licenses through all their "regulation" then I'd have a business of my own by now.

Do you think that could be as a result from lobbying by larger corporations in an attempt to stifle competition, or is it the government using taxes and fees as a means of control?

I have it, going from nothing to something.

Again, you're happy or mostly content with your lot in life?

 

[Coloradomtnman]

I absolutely trust the market to regulate and correct itself.

What do you think should've happened with the bail outs? Do you think we should've let the banks, wallstreet firms, and automakers fail and let the vortex in the market sort itself out temporarily until new markets or businesses replace "those too big to fail" to settle the economy once more?

No, I am not in the league below wealthy either.

I'm not quite clear here on your meaning...are you saying middle class?

I'd say my chances of becoming wealthy are the same as anybodies so long as I work hard in life.

What about those who come from money? Don't you think that they have a better opportunity to achieve wealth than someone who comes from the middle classes?

I'm not sure what success would mean for me in my own life. I suppose I'll put it as being able to sleep in while being employed somewhere I enjoy working.

Sounds pretty good to me. But, are you working toward obtaining wealth? Or if it happens, its just an added bonus to working that dream job?

 

[KittenKoder]

No, but any consumer should investigate products themselves and make informed purchases, good and safe products will sell, others will drive the faulty businesses out of business.

Sounds like a fantasy world to me!

In mind, yes, according to legislation I am in poverty.

But you're happy or mostly content with your lot in life?

If the government wouldn't make it so expensive and difficult to obtain licenses through all their "regulation" then I'd have a business of my own by now.

Do you think that could be as a result from lobbying by larger corporations in an attempt to stifle competition, or is it the government using taxes and fees as a means of control?

I have it, going from nothing to something.

Again, you're happy or mostly content with your lot in life?

Currently, yeah. I could do better if I wanted, I just don't want to and don't need to. The only problems I do have in life would not be effected by capitalism one way or the other.

 

[Kevin_Kennedy]

I absolutely trust the market to regulate and correct itself.

What do you think should've happened with the bail outs? Do you think we should've let the banks, wallstreet firms, and automakers fail and let the vortex in the market sort itself out temporarily until new markets or businesses replace "those too big to fail" to settle the economy once more?

No, I am not in the league below wealthy either.

I'm not quite clear here on your meaning...are you saying middle class?

I'd say my chances of becoming wealthy are the same as anybodies so long as I work hard in life.

What about those who come from money? Don't you think that they have a better opportunity to achieve wealth than someone who comes from the middle classes?

I'm not sure what success would mean for me in my own life. I suppose I'll put it as being able to sleep in while being employed somewhere I enjoy working.

Sounds pretty good to me. But, are you working toward obtaining wealth? Or if it happens, its just an added bonus to working that dream job?

There should have been no bailouts. There's no such thing as "too big to fail." The market was calling for those firms to go under and that's what should have happened. You destroy wealth and resources by propping up failed businesses.

I mean that I'm a 20 year old college student.

Yes, those who come from money certainly have a better opportunity to achieve wealth, but everyone has an opportunity.

I certainly am working toward obtaining wealth, by getting an education. I don't ever expect to be rich by any means, but hopefully well off enough to live the type of life I want to live.

 

[Coloradomtnman]

There should have been no bailouts. There's no such thing as "too big to fail." The market was calling for those firms to go under and that's what should have happened. You destroy wealth and resources by propping up failed businesses.

Agreed. And they call me a socialist!

I mean that I'm a 20 year old college student.

How are you paying for college?

Yes, those who come from money certainly have a better opportunity to achieve wealth, but everyone has an opportunity.

Yes, but how much of an opportunity?

I certainly am working toward obtaining wealth, by getting an education. I don't ever expect to be rich by any means, but hopefully well off enough to live the type of life I want to live.

What do you think the chances are you'll succeed in obtaining wealth that will allow you to live the life that you want? That its definitely going to happen, more than likely, even, less than likely, very unlikely? I know a lot of people who have failed. My father, my mother, two of my uncles, my grandfather, my brother... Most people I know who've tried to become wealthy or even wealthy enough to live simply and independently never made it. Is it worth working your youth away only to be old and comfortable - if you live long enough?

 

[Toro]

I'm kinda bored with the other threads right now, so I'd like to start a little debate over here in economics:

If you are a capitalist, please answer these questions:

Do you trust the market totally to regulate itself?

Are you wealthy?

If not, what are your chances of obtaining wealth, and how would you obtain that wealth?

If you are wealthy, how did you get there?

What would mean success for you in your own life?

I am a capitalist of sorts.

I do not trust the market to totally regulate itself. I trust the market to mainly regulate itself. The market creates the most wealth for the most people, most of the time. It does not create all the wealth for all the people all the time. Thus, there needs to be regulation and some government involvement. However, its a moot point since almost all markets have some regulation.

I am not wealthy but I am comfortable. I intend to retire in my 40s, or at least do my own thing in my 40s. I will get there by navigating the financial markets.

Success is happiness, not wealth necessarily, though wealth makes life easier.

 

[Kevin_Kennedy]

There should have been no bailouts. There's no such thing as "too big to fail." The market was calling for those firms to go under and that's what should have happened. You destroy wealth and resources by propping up failed businesses.

Agreed. And they call me a socialist!

I mean that I'm a 20 year old college student.

How are you paying for college?

Yes, those who come from money certainly have a better opportunity to achieve wealth, but everyone has an opportunity.

Yes, but how much of an opportunity?

I certainly am working toward obtaining wealth, by getting an education. I don't ever expect to be rich by any means, but hopefully well off enough to live the type of life I want to live.

What do you think the chances are you'll succeed in obtaining wealth that will allow you to live the life that you want? That its definitely going to happen, more than likely, even, less than likely, very unlikely? I know a lot of people who have failed. My father, my mother, two of my uncles, my grandfather, my brother... Most people I know who've tried to become wealthy or even wealthy enough to live simply and independently never made it. Is it worth working your youth away only to be old and comfortable - if you live long enough?

My college is free, I only have to pay for my books.

Well not everybody has the same opportunities. Like my college is free, so maybe my opportunity is a little better than some others. However, I think if you make the most of the opportunities you're given then you can be a success. Some will have to work harder than others, but that's their choice.

What are my chances at being a success? Hard to say at this point. I hope they're pretty good though.