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Re: The battle of Wisconsin-labor unions
Unfortunately, I disagree...the casualties to capitalism are numerous. The people in charge of this system are not to be trusted.
If and when I have to choose between a business owner and the government, I will choose the government. And I am a business owner.
Capitalism is every individual choosing to do what they wish and trade when both parties think they'll benefit. There are no leaders in a capitalist system, just actors. Capitalism produces winners and losers, but every system does, and at least capitalism obliges you to enrich others before you can enrich yourself.
The Fed's activity and policies that subsidized home owning and lending caused the housing bubble, not greedy bankers (although there certainly are those). It's the government that perverted incentives to the point that neither lenders nor borrowers were able to accurately project what they could afford, and then they bailed out the banks and the wealthy with taxpayer money. Like most economic crises, the presence of government made things worse.
Obama's not socialism, but he is probably the most anti-business president in US history.
Re: The battle of Wisconsin-labor unions
mitchejw wrote:Unfortunately, I disagree...the casualties to capitalism are numerous. The people in charge of this system are not to be trusted.
If and when I have to choose between a business owner and the government, I will choose the government. And I am a business owner.
Capitalism is every individual choosing to do what they wish and trade when both parties think they'll benefit. There are no leaders in a capitalist system, just actors. Capitalism produces winners and losers, but every system does, and at least capitalism obliges you to enrich others before you can enrich yourself.
The Fed's activity and policies that subsidized home owning and lending caused the housing bubble, not greedy bankers (although there certainly are those). It's the government that perverted incentives to the point that neither lenders nor borrowers were able to accurately project what they could afford, and then they bailed out the banks and the wealthy with taxpayer money. Like most economic crises, the presence of government made things worse.
Obama's not socialism, but he is probably the most anti-business president in US history.
What does paying your employees a livable wage have to do with being anti-captilist. I have always understood from my loose understanding of 'business' that you don't pay your employees what you think they are worth, you pay them what the market demands. That is almost always less...much less.
As I said before...I AM a business owner...but I loath republican ideals. If pure capitalism is synonymous with republicanism in this country, I stand firmly against them. You see...what made me a democrat is not so much that I love everything democrats stand for...it's that I hate everything republicans stand for...from abortion, to religion, to business.
Re: The battle of Wisconsin-labor unions
People are paid a livable wage. They choose to live beyond their means and expect to be bailed out. What is really a livable wage and what people think is a livable wage are two different things. And the premise that jobs pay less than market value is a joke. Jobs pay what people are willing to do them for, no less.
Re: The battle of Wisconsin-labor unions
I giggle like a goddamn schoolgirl
The thing is, a lot of people aren't living on a livable wage. The cost of living keeps rising, yet there's a strong conservative push to lower minimum wage. A lot of wages are not being adjusted to reflect the rising costs of living. A lot of people are just getting by and a lot have no other option than to go into debt just to keep the bills paid. If one bump in the road, one accident, one kid getting sick, a lay off, these people are destitute. And it has nothing to do with people living beyond their means, but just living. And unions, despite how corrupt some are, are the only thing protecting these people.
Spreading the wealth. Here's the funny thing, the whole logic of giving the wealthy the biggest tax breaks is that they're supposed to create jobs and spend more in the economy which would circulate the wealth... People are making lots of money right now... But its not being circulated... So, spreading the wealth is WHAT'S SUPPOSED TO HAPPEN with trickle down economics. But it's not.
There are no rules saying the wealthy HAVE to hire American workers or spend/invest in Amercan buisnesses to get those tax cuts. So they don't. Because government regulations are "socialism."
I find it funny that some people refuse to accept that the wealthy, but mostly, corporations, are rigging the system and it's hurting the economy.
And if people were paid based on how hard they worked, a lot of people who live paycheck to paycheck (and who are hardly living beyond their means) would be the ones in mansions.
Right now, unemployment would drop if the companies that could afford to hire, actually hired. But they're not. They're spreading their workforce thin, because their profits are soaring. And guess what? They aren't putting that money back into the economy. How about only giving tax breaks to companies who hire this year? Or a tax cut for companies that buy American made materials?
If Obama is a socialist he's the worst socialist in the history of socialists. No socialist would have forced Bush's tax cuts through.
Trust me, I hate paying taxes and I would be directly affected by Obama's tax plan. But it would help the economy. We need a better tax scale. This could be fixed very easily.
Re: The battle of Wisconsin-labor unions
People are paid a livable wage. They choose to live beyond their means and expect to be bailed out. What is really a livable wage and what people think is a livable wage are two different things. And the premise that jobs pay less than market value is a joke. Jobs pay what people are willing to do them for, no less.
Oh god...this pure capitilism crap is such nonsense. This whole world is predicated on the strong taking advantage of the week. Is that part of pure capitilism?
For example...the way wal-mart runs itself...They pay their employees a small wage, and whatever profits that are established are not recycled back into the system. They run other local business out of business because they can charge lower based on an 'advantage' that they create while manipulating the system. Could you imagine a small town economy in which Wal-mart was the largest employer? That's a receipe that would put a strangle hold on any small town.
When businesses are individually owner, the money is recycled through the town and keeps it alive.
