Frank Apisa (01-18-2019)
Frank Apisa (01-18-2019)
because it has not been properly fettered
without capitalism you cant have true freedom
IT HAS TO BE PROPERLY FETTERED
It is consumerism not capitalism that is the problem. Instead of maximizing their wealth, people maximize their things. To get the most things for a buck, they use the internet to look for the cheapest price on these things which then feeds into a whole spiraling situation regarding velocity and pooling.
Nordberg (01-17-2019)
Hello StoneByStone,
I presume he obviously can see that while he was able to get very rich by basically juggling numbers, and that many others worked very hard to do hands-on productive contributions to society and are left with very little, that capitalism is really not structured very well to reward the things that make society function.
From the OP link:
"Dalio points to a survey by the Federal Reserve showing that 40 percent of adults can't come up with $400 in the case of an emergency. "It gives you an idea of what the polarity is," Dalio said. "That's a real world. That's an issue."
...
"We're in a situation where, if you have a downturn, and we will have a downturn, I believe that — I worry that that polarity will become greater."
...
"Dalio said that the President of the United States should declare the current wealth gap a national emergency."
He's right.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
evince (01-17-2019), Frank Apisa (01-18-2019)
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
Truth Detector (01-17-2019)
Yeah, that's the problem with a society based on what makes profit. Some very essential jobs don't pay well. In addition to that, sometimes the most profitable actions are ones that harm other people.
And there are also issues like Capitalism leading to an unbalanced playing field, creating a stagnant economy due to wealth being concentrated, the 1% being too powerful, and on and on.
It is no different under socialism. You have to pay outrageous taxes in most of the places and don't really own anything like your house. When 10,000 people buy 10,000 book from amazon, a bookstore somewhere dried up which gave 5-10 people pink slips which then created 5-10 people who would work for less just to have a job than 5 or 10 people who otherwise would have taken the job at 105% of the wage, rinse, repeat, rinse, repeat.
The overall living standards are improving everywhere. We could look at North Korea and say things have gotten better there, dictatorships must be great.
To know what works, we need to compare countries, and examine individual issues. I would say that America's living standards would grow faster with Liberal Socialism.
Personal Ignore Policy PIP: I like civil discourse. I will give you all the respect in the world if you respect me. Mouth off to me, or express overt racism, you will be PERMANENTLY Ignore Listed. Zero tolerance. No exceptions. I'll never read a word you write, even if quoted by another, nor respond to you, nor participate in your threads. ... Ignore the shallow. Cherish the thoughtful. Long Live Civil Discourse, Mutual Respect, and Good Debate! ps: Feel free to adopt my PIP. It works well.
The wealth gap is worse now than during the Gilded Age. It is accomplished through tax breaks and laws that permit them to cheat. Holding the min. wage down for so long added to the problem. The wealthy used their money and power to continuously erode the structures that kept America from being a klepocracy. Nothing wong with capitalism that a lot of serious regiulation and laws cannot fix.
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