If I am investing my money it is not going into your pinball machine, right? It is totally irrelevant in what I invest. It is not going into your pinball machine.
Workers can´t put their money at risk. They have to do a living.
Both get food stamps. However, Cuba is sanctioned, has no access to the global trade. So it is sanctions in the first place that do harm the country,
Propaganda. The private food companies run short the food. A capitalist and anti-social, anti-civilization measure to create the crisis to mount pressure on the government and profit from the crisis.
Actually, if capitalism would make rich, socialism would not exist, would not have been invented. A socialist company does not fire people. People cannot get fired in socialism. And if the cake has 6 pieces in socialism, it will be shared by 6 people, not by one. In fact, true socialism means the rule of the workers, capitalism means the rule of the industrialists and bankers. What´s more democratic?
If I am investing my money it is not going into your pinball machine, right? It is totally irrelevant in what I invest. It is not going into your pinball machine.
No one invests 100% of their money. I have internet right now, obviously. Yet I have thousands in stocks. The two are not mutually exclusive. You can do both. The key is spending less than you make. Don't be ridiculous in assuming that by advocating that people save and invest, that means they spend zero, and live under a rock so they don't have to pay rent.
What makes you poor, is when you spend more money than you make, and save and invest, nothing.
Workers can´t put their money at risk. They have to do a living.
Really? I made $19,000 last year. According to my tax filing, I also put several thousand into stocks.
So apparently..... workers.... can put their money at risk, and do a living.
I'm sorry, but I simply don't buy this crap that American workers can't possibly save any money. I already posted the article about the gas station attendant, who saved up $8 Million. Granted I don't know what salary a gas station attendant makes these days, but back when I did it, it was $8/hour.
I also don't buy that people can't earn more. You can have a second job, and be making $50k by the end of the month. You can also just do a better job, and earn $50k by the end of the month.
I know people who on the weekend, started installing flooring. 6 months later, they were earning more money installing flooring, than they were at their job. Pretty soon they had enough work lined up, they could double their income by quitting.
The the reality is, your ability to save and invest has mostly to do with your ability to determine the difference between a need and a want, and to cut your spending.
I've met people that literally make double what I do, and are flat broke. And people who make less than I do, and have more money saved and invested.
I could live in a smaller cheaper place. I could cut my internet and cell phone. I could get a bunch of roomies, and divide the cost of heat, electricity, and rent. I could sell the Grand Marquis and buy a cheaper econo-box. I could even cut down on food, and eat more rice and chicken. I could cut the amount of money I give to charity, and save that. There are numerous ways I could reduce my spending even more than I already have... and again I only make $19k.
One thing that tends to boggle my mind, and also boggle the minds of the people I meet, is cable TV. I'm always shocked to meet people who describe themselves as "poor" who have cable TV. They are always shocked I don't even own a TV. The average cable TV bill is over $100 a month. Cut out the TV. Put that money you are flushing down the boob-tube drain, into an IRA growth stock mutual fund. If that alone doesn't make you a millionaire, it will get you close.
People cannot get fired in socialism. And if the cake has 6 pieces in socialism, it will be shared by 6 people, not by one. In fact, true socialism means the rule of the workers, capitalism means the rule of the industrialists and bankers. What´s more democratic?
It doesn't really matter "what it means". You can claim that socialism means a workers paradise. Fact is, every single socialist country end up a living hell.
Regardless of what you claim it means, the fact is socialism is always a rule of the elite. Always. No exception. Every socialist based economic system, has elites that live in luxury, while the common people live in poverty.
In fact, anti-democratic, and pro-authoritarian, is inherently how socialism ends up. That isn't to say some Capitalist based countries can't be authoritarian. Of course they can. But socialism is inherently authoritarian, because socialism is inherently immoral. Thus people always consistently resist socialism, which then requires a police state to enforce the immoral system on the public. This is why Cuba, the Soviets, Maoist China, Vietnam, Venezuela, Laos, and pretty much every Socialist country in the world, ends up a brutal dictatorship.
And lastly, you say 'people can not be fired' as if that's good.
Back when I went to college, I had a professor who would disappear. Go eat lunch. Go sit on a bench outside. Ignore students. We went to complain, and found a line of people complaining about this one guy. Then we learned. He had tenure, and was retiring the year after next. Couldn't be fired.
Ever gone to the US Post Office? 5 stations, 3 employees, and only one is working. The other two are standing there talking about the weekend. Almost impossible to be fired from the post office.
Beyond the basic moral trap of having a system where no one can be fired.... the only way such a system can work, is by forcing people into economic stagnation. Typewriter manufacturing used to hire thousands of people between all the companies. No all those people are unemployed, and had to find other work. Because no one wants a typewriter. People want computers. The value of a typewriter went down.
In a socialist system where people can't be fired, the government would have to keep paying people to produce goods that no one wants. The Soviet Union famously had negative equity firms. Businesses that produced goods, that had lower value, than the cost of the goods they used in making their products.
In order to never fire people, we'd all still be using pagers instead of smart phones. The only way to never have an employee that makes pagers lose their job, you'd have to ban cell phones, so people kept buying pagers.
Not being able to fire people sounds good only to the people who don't want to learn new skills to fit with the current economy. For everyone else, not being able to fire, is horrible both for consumers, employers, and the economy.