What Capitalism has Done for the Common Man.

[Publius1787]

What Capitalism has Done for the Common Man

A great video that shows the increase in human advancement. I credit capitalism!

[ame=http://www.youtube.com/watch?v=jbkSRLYSojo]Hans Rosling's 200 Countries, 200 Years, 4 Minutes - The Joy of Stats - BBC Four - YouTube[/ame]

 

[occupied]

If Capitalism has benefited the "common man" I can assure you it was unintentional.

 

[Publius1787]

If Capitalism has benefited the "common man" I can assure you it was unintentional.

I agree. That’s how capitalism works. Separate people pursuing their separate interests, dealing in a manner of which parties come to an agreement in order to exchange goods and services.

 

[Truthmatters]

I am capitalist.

It needs fettering or it kills its self

 

[Publius1787]

I am capitalist.

It needs fettering or it kills its self

We need another Lochner v. New York

[ame=http://www.youtube.com/watch?v=uNFZV0wE0ZM]David Bernstein on Rehabilitating Lochner and the Freedom to Contract - YouTube[/ame]

 

[healthmyths]

If Capitalism has benefited the "common man" I can assure you it was unintentional.

Of course it is UNINTENTIONAL!!!
"Intentional" is where a handful of people thinking (central planning..) they know how many potatoes should be eaten in a year and therefore how many should be planted.
FAILS because there is ALWAYS something unexpected!

CENTRAL PLANNING for example ..
1986 Congress passed EMTALA good intentions being anyone going to hospital for emergency treatment but not able to pay is covered IF the hospital takes Medicare!
Sounds well intentioned.. right??

Well guess what .. hospitals with the BLESSING of Medicare "pad and pass" on to Medicare these "uncompensated" costs... as a result today some hospitals send Medicare claims marked up 6,000% and Medicare Pays!
Why because they know the hospital is "absorbing" uncompensated services!
Good intentions but nevertheless grossly INEFFICIENT!
As this practice snowballed, health care costs increased. Insurance companies pay the claims and to cover, increase premiums! Vicious cycle!
All because of "good intentions".. central planning!!!

 

[SniperFire]

 

[Publius1787]

If Capitalism has benefited the "common man" I can assure you it was unintentional.

Of course it is UNINTENTIONAL!!!
"Intentional" is where a handful of people thinking (central planning..) they know how many potatoes should be eaten in a year and therefore how many should be planted.
FAILS because there is ALWAYS something unexpected!

CENTRAL PLANNING for example ..
1986 Congress passed EMTALA good intentions being anyone going to hospital for emergency treatment but not able to pay is covered IF the hospital takes Medicare!
Sounds well intentioned.. right??

Well guess what .. hospitals with the BLESSING of Medicare "pad and pass" on to Medicare these "uncompensated" costs... as a result today some hospitals send Medicare claims marked up 6,000% and Medicare Pays!
Why because they know the hospital is "absorbing" uncompensated services!
Good intentions but nevertheless grossly INEFFICIENT!
As this practice snowballed, health care costs increased. Insurance companies pay the claims and to cover, increase premiums! Vicious cycle!
All because of "good intentions".. central planning!!!

I dont't think "occupied" understands capitalism.

 

[healthmyths]

If Capitalism has benefited the "common man" I can assure you it was unintentional.

Of course it is UNINTENTIONAL!!!
"Intentional" is where a handful of people thinking (central planning..) they know how many potatoes should be eaten in a year and therefore how many should be planted.
FAILS because there is ALWAYS something unexpected!

CENTRAL PLANNING for example ..
1986 Congress passed EMTALA good intentions being anyone going to hospital for emergency treatment but not able to pay is covered IF the hospital takes Medicare!
Sounds well intentioned.. right??

Well guess what .. hospitals with the BLESSING of Medicare "pad and pass" on to Medicare these "uncompensated" costs... as a result today some hospitals send Medicare claims marked up 6,000% and Medicare Pays!
Why because they know the hospital is "absorbing" uncompensated services!
Good intentions but nevertheless grossly INEFFICIENT!
As this practice snowballed, health care costs increased. Insurance companies pay the claims and to cover, increase premiums! Vicious cycle!
All because of "good intentions".. central planning!!!

I dont't think "occupied" understands capitalism.

What you are reading from "occupied" and others of that ilk are examples of the educators bias against capitalism! This bias was taught in their colleges. The colleges have done as the MSM has done taken the "exceptions" i.e. the Madorffs, the Hollywood narrative, "Greed is good" and made that the rule !
As a result educators/colleges and people like "occupied" see ALL business, all Capitalism, All bankers as the bad guys! They hate Walmart. They love unions and all because a handful of educators who NEVER ran a business teach students who become teachers!

The test for the "Occupieds" of the world is ask a simple question..
what is the net profit of the average health insurance company.
They will immediately launch diatribes against high salaried execs. People being canceled or turned down. NOT ONE of them will understand the question much less know the answer!

 

[Publius1787]

Of course it is UNINTENTIONAL!!!
"Intentional" is where a handful of people thinking (central planning..) they know how many potatoes should be eaten in a year and therefore how many should be planted.
FAILS because there is ALWAYS something unexpected!

CENTRAL PLANNING for example ..
1986 Congress passed EMTALA good intentions being anyone going to hospital for emergency treatment but not able to pay is covered IF the hospital takes Medicare!
Sounds well intentioned.. right??

Well guess what .. hospitals with the BLESSING of Medicare "pad and pass" on to Medicare these "uncompensated" costs... as a result today some hospitals send Medicare claims marked up 6,000% and Medicare Pays!
Why because they know the hospital is "absorbing" uncompensated services!
Good intentions but nevertheless grossly INEFFICIENT!
As this practice snowballed, health care costs increased. Insurance companies pay the claims and to cover, increase premiums! Vicious cycle!
All because of "good intentions".. central planning!!!

I dont't think "occupied" understands capitalism.

What you are reading from "occupied" and others of that ilk are examples of the educators bias against capitalism! This bias was taught in their colleges. The colleges have done as the MSM has done taken the "exceptions" i.e. the Madorffs, the Hollywood narrative, "Greed is good" and made that the rule !
As a result educators/colleges and people like "occupied" see ALL business, all Capitalism, All bankers as the bad guys! They hate Walmart. They love unions and all because a handful of educators who NEVER ran a business teach students who become teachers!

The test for the "Occupieds" of the world is ask a simple question..
what is the net profit of the average health insurance company.
They will immediately launch diatribes against high salaried execs. People being canceled or turned down. NOT ONE of them will understand the question much less know the answer!

Oh, trust me I know. When I went to college they required that I have 3 "social justice" credits. They accepted my economics class from a previous school. I didn't understand why until I found out that their economics class's had nothing to do with the sciences and everything to do with the arts (I assume you know the difference between the two). Whereas I was crunching numbers and plotting graphs, learning about scarcity, opportunity cost, trade, inflation, unemployment, employment, cost curves, employment curves etc. , they wrote unscientific essays on poverty and inequality. Go figure.

 

[skookerasbil]

Show me a person who hates capitalism and I'll show you a prepetually miserable person who blames the rest of the world for their own fucked up personal decisions that led them to a supreme level of jealousy of those who are successful. Its one of those absolutes like death and taxes.


Fortunately, they number only about 21% of the population.

 

[Publius1787]

Show me a person who hates capitalism and I'll show you a prepetually miserable person who blames the rest of the world for their own fucked up personal decisions that led them to a supreme level of jealousy of those who are successful. Its one of those absolutes like death and taxes.


Fortunately, they number only about 21% of the population.

21%? I don't know about that. There is a thread around here with a political party identification link that will tell you what party you fit in with. The liberals are finding out that they share more in common whith the socialist green party than their, less radical but still socialst, Democrat Party. Why? See below.

Upton Sinclair: "The American People will take Socialism, but they won't take the label. I certainly proved it in the case of EPIC. Running on the Socialist ticket I got 60,000 votes, and running on the slogan to 'End Poverty in California' I got 879,000. I think we simply have to recognize the fact that our enemies have succeeded in spreading the Big Lie. There is no use attacking it by a front attack, it is much better to out-flank them."

 

[ShootSpeeders]

If Capitalism has benefited the "common man" I can assure you it was unintentional.

That's the idea. Let the individual persue his own economic self-interest and we all gain. You socialists think central planning is the answer but that never works.

 

[blackhawk]

I wonder how many of these great high tech gadgets brought to us courtesy of the late Steve Jobs we would have without capitalism?

 

[regent]

The problem is keeping capitalism, capitalistic. It's like economist Friedman said, capitalism runs on greed, so some, pretending to be capitalists, end up trying to destroy capitalism by creating monopolies, mergers, holding companies and so on. To keep capitalism alive and well, government has had to pass all kinds of laws and regulations keeping the greedy ones from destroying our capitalistic economic system.

 

[tjvh]

If Capitalism has benefited the "common man" I can assure you it was unintentional.

You do know that the purpose of businesses is to make money... Not provide people with high paying jobs.

 

[8537]

Capitalism and the exploitation of the dense energy found in oil have revolutionized our world.

Time will tell which played a bigger role.

 

[healthmyths]

If Capitalism has benefited the "common man" I can assure you it was unintentional.

That's the idea. Let the individual persue his own economic self-interest and we all gain. You socialists think central planning is the answer but that never works.

I agree! You would think "liberal" would be much more laissez-faire.. literally means "let [them] do" as most "capitalists" are! But most liberals also think there is a finite pie which is NOT the case. In fact when all is said and done.. what truly is the driver of all economic engines? It is quite simply people exchanging part of their life for something of value they want. In other words people go to work exchanging 8 hours of their life for an hourly wage.

Assuming therefore the same ratio of US workers to general population 153,516,000 workers to 300 million or 50% is applied to the world's population. or 3 billion employed people.
Drop off another 1 billion for all unemployed or 2 billion people.
Assume hourly wage is world wide $3.00.
2 billion people looking for $6 billion an hour in exchange for 1 hour of their life.
Assume they work 20 years (some just starting some close to retiring..)
Over the next 20 years these 2 billion people will exchange @ 2,000 hrs/year for $3/hour or a total of
$240 trillion over the next 20 years.
That's the pie folks.
So when world planners get out the spreadsheets for more accurate assessment they can say..
OK.. mortgage 20 years $100,000 for
car payment..
etc.,etc.
The world's productivity is what is ultimately being exchanged.

 

[8537]

If Capitalism has benefited the "common man" I can assure you it was unintentional.

That's the idea. Let the individual persue his own economic self-interest and we all gain. You socialists think central planning is the answer but that never works.

I agree! You would think "liberal" would be much more laissez-faire.. literally means "let [them] do" as most "capitalists" are! But most liberals also think there is a finite pie which is NOT the case. In fact when all is said and done.. what truly is the driver of all economic engines? It is quite simply people exchanging part of their life for something of value they want. In other words people go to work exchanging 8 hours of their life for an hourly wage.

Assuming therefore the same ratio of US workers to general population 153,516,000 workers to 300 million or 50% is applied to the world's population. or 3 billion employed people.
Drop off another 1 billion for all unemployed or 2 billion people.
Assume hourly wage is world wide $3.00.
2 billion people looking for $6 billion an hour in exchange for 1 hour of their life.
Assume they work 20 years (some just starting some close to retiring..)
Over the next 20 years these 2 billion people will exchange @ 2,000 hrs/year for $3/hour or a total of
$240 trillion over the next 20 years.
That's the pie folks.
So when world planners get out the spreadsheets for more accurate assessment they can say..
OK.. mortgage 20 years $100,000 for
car payment..
etc.,etc.
The world's productivity is what is ultimately being exchanged.

So, first you say the pie is infinite...

Then you go about defining the exact value of the pie....

OK then. So the pie is infinite AND 240T...at the sam time.

 

[Old Rocks]

Capitilism is a great tool in many areas. Socialism is also a great tool in many areas. Neither functions well in all areas. Properly used they supplement each other.