The flaw of capitalism is Income inequality

[EdwardBaiamonte]

The day is coming(if its not already here) when technology will leave us with too many people and too few jobs.

dear, the wheel and farm equipment replaced 99% of the jobs on earth and no future technology will ever match that. Do you understand?

 

[EdwardBaiamonte]

Of course, if the fed wage was increased, over time the big spike in consumer spending would create jobs and increase hours worked.

sounds good so libturds all over the world should pass a law that raises wages 100% to end economic problems forever!! All that poverty for century after century and now, finally, a liberal has the answer.

 

[Toddsterpatriot]

Of course, if the fed wage was increased, over time the big spike in consumer spending would create jobs and increase hours worked.

why not just increase wages 100% all over the world and create a big spike in spending and hours worked????????? We should have thought of this before!! Eureka!!!!! What would we do without liberal new ideas??

Don't misattribute that quote to me.

 

[EdwardBaiamonte]

Corporate profits are already at an an all time high.

so then why not invest in corporations to share the great profits? The more who invest in corporations the more corporations will form and the more demand for labor there will be.

 

[Hedgology]

Capitalism has no flaw. Governments on the other hand are highly flawed.

The goods of capitalism, mostly, outweighs the bad. To suggest that there are no flaws isn't correct, exactly. It's all a matter of which flaws society is willing to live with, and which flaws are more overblown.

 

[saveliberty]

Capitalism has no flaw. Governments on the other hand are highly flawed.

The goods of capitalism, mostly, outweighs the bad. To suggest that there are no flaws isn't correct, exactly. It's all a matter of which flaws society is willing to live with, and which flaws are more overblown.

The flaws are brought by people. Greed, inefficiency, marketing, production are all people issues.

 

[Hedgology]

Capitalism has no flaw. Governments on the other hand are highly flawed.

The goods of capitalism, mostly, outweighs the bad. To suggest that there are no flaws isn't correct, exactly. It's all a matter of which flaws society is willing to live with, and which flaws are more overblown.

The flaws are brought by people. Greed, inefficiency, marketing, production are all people issues.

Not sure if you're making an egalitarian argument, but people are inherently flawed.

 

[regent]

Perhaps the major flaw in capitalism is keeping it capitalistic, and to this end laws are needed.

 

[EdwardBaiamonte]

The goods of capitalism, mostly, outweighs the bad.

you could say that given that capitalism just eliminated 40% of the world's poverty in China and saved another 60 million from slowly starving to death.

Capitalism is the greatest miracle in human history. It utterly transformed the world when it was invented 200 years ago. It's very very obvious but still liberals lack the IQ to comprehend it, believe it or not.

 

[EdwardBaiamonte]

Perhaps the major flaw in capitalism is keeping it capitalistic, and to this end laws are needed.

Yes, laws so it wont be capitalistic but rather socialistic so another 120 million can slowly starve to death.

 

[skookerasbil]

Somehow........and its truly fascinating.......progressives miss the memo along the way that life always boils down to suck vs. suckier. A lot of things suck about capitalism........but socialism is far suckier because for all, your hands are tied to your balls from birth and your freedoms are fucked.

And lets face it.......at the root of progressive thinking on economics is misery. These people cant stand it that they made poor life decisions leaving them near the bottom of the totem pole, thus they must find somebody to be angry at.........find somebody to blame. They loath the guy who worked harder, is smarter and doesn't feel sorry for themselves. The progressive? Angry, miserable hater that spends their life moping about the way things should be.

ghey

 

[EdwardBaiamonte]

The progressive? Angry, miserable hater that spends their life moping about the way things should be.

ghey

moping?? Not sure about that. It seems most progressives feel energized and empowered to get their fair share of what was stolen from them by the rich. For example, when they buy an Iphone from Apple they make the owners greedy and rich, and then, to get justice, they elect liberal govt to steal their money back from the greedy, rich owners of Apple. What could make more sense than that? They get to keep the Iphone but not really pay for it!! This must have been exactly what our Founders had in mind!

 

[dblack]

The whole point of capitalism is income inequality. It allows society to distribute economic power via voluntary means instead of relying on coercion.

 

[EdwardBaiamonte]

The whole point of capitalism is income inequality. It allows society to distribute economic power via voluntary means instead of relying on coercion.

wrong, the point of capitalism it to preserve our natural right to freedom, in this case freedom to make economic transactions without inefficient liberal govt violence and coercion. Mankind is designed to function best in his natural state thus capitalism produces more wealth for all classes, by a factor of 100, than its alternatives.

Inequality merely mirrors nature in a way that enables us to make choices and thus make progress forward for all. Indeed, today's lower classes are made possible only by the social, capitalist evolution that took place over the centuries, to which today's anti-science liberals object.