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Thread: Capitalism only works with honesty and integrity... otherwise only the corrupt rise.

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    Quote Originally Posted by Gonzomin View Post
    Capitalism and socialism do not exist.

    The countries you rightys mislabel as socialistic are capitalistic.
    But they are capitalists.
    Paradox. Which is it, dude? Does socialism and capitalism exist or not?

    (Hint: Proof of identity)

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    Quote Originally Posted by Jarod View Post
    Your opinion, but at 5% I would be unable to do what I do for a living. Insurance companies would be free to take advantage at will.
    You couldn’t live on 5%?

    How fucking greedy are you?

    5% of a million dollar settlement is a lot of money. The money should go to the victims not line the pockets of some lawyer

    You should be ashamed. People should not have to go bankrupt in order to have a legal defense.

    There should be no profit in the legal system. It should be free from profit. It is only fair

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    Corruption is the sign of government eroding capitalism.

    The only valid role of government is to settle disagreements, recognize when damages are caused by comnercial actions and coordinate same in international trade.
    DJT is showing the way here by returning to fair trade and ending damaging corruption elsewhere.
    Just because you don't understand it does not make it bad. Celticguy

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    Quote Originally Posted by Celticguy View Post
    Corruption is the sign of government eroding capitalism.

    .
    Exactly

    uh, what party is currently running the government?

    Democrats?

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    Quote Originally Posted by reagansghost View Post
    Exactly

    uh, what party is currently running the government?

    Democrats?
    Split at present but DJT is doing his part from the White House. This limits the harm out of the house.
    Just because you don't understand it does not make it bad. Celticguy

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    Quote Originally Posted by Teflon Don View Post
    You couldn’t live on 5%?

    How fucking greedy are you?

    5% of a million dollar settlement is a lot of money. The money should go to the victims not line the pockets of some lawyer

    You should be ashamed. People should not have to go bankrupt in order to have a legal defense.

    There should be no profit in the legal system. It should be free from profit. It is only fair
    How often do you think I get a $1 million case?

    I should raise my family of five on $25,000 a year?

    That wouldn’t even pay my paralegals salary.
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    Quote Originally Posted by Jarod View Post
    Capitalism only works with honesty and integrity... otherwise only the corrupt rise
    Democrats are the most corrupt pieces of shit on the planet, so I guess you ought to know
    Trump-Pence 2020: "Keep America Great" . . . . . . .

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    Capitalism becomes a failure when it becomes the capitalization of cheap labor, lobbyist's self-interest, and huge campaign donations by those special interest groups.

    Let's stop cheap labor in America! Let's end huge campaign donations! Let's end lobbying! And let's give Capitalism a chance to succeed instead of just being a symbol of GREED and ABUSE by the powerful, the fortunate, and the rich!

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    One of the problems with pure capitalism is there is no guidance. Capitalism just goes where it wants, does whatever it deems it needs to do, and then moves on without a care for what's left behind.

    What's left behind is often social wreckage and ruined communities.

    Gold mining is an example. A discovery of gold will bring prospectors, miners and every kind of supply chain they require. Soon, a new town is born. But don't put down roots. When the gold runs out you don't want to be caught holding the bag and owning a lot of property or business there. All of a sudden it becomes worthless.

    Another might be the auto industry in America. Wow. After WWII we could build cars and buy our own products. Great jobs for thousands and great cars we loved. The rich lived in luxury and executives made 10-15 times the average worker pay, which was high enough to support a family on one income in modern comfort.

    Those days are gone. Most of those jobs are too. Machines and much lower paid workers build the cars, much of the work in foreign countries. There are far fewer workers and they are not paid as much. Executives now make 400 times the average worker pay, which is not enough to support a family. It requires two workers to do that now. And even with two, many families are not as well off as they were in the good old days 'when America was great.'

    The towns and cities that were built up around the auto factories thrived in the heyday. But after those jobs were lost everything turned around. Lotta people lost a lot of property value when that happened. Just like in the gold mining towns.

    And capitalism just goes elsewhere, not caring about the fate of the communities which were built when capitalism moved in, and are now left behind with less means to build wealth or enjoy that middle class comfortable life. Capitalism doesn't care, because that is never part of the planning. There is no planning. Capitalism simply seeks profitability wherever it finds it and if profitability goes away then so does capitalism.

    Proponents of capitalism think it's the end-all be-all of building a good life. But that's not always true. That's really only mostly true for capitalists, those who can invest, and do so wisely. For labor, especially lower paid labor which is unable to invest (capitalists favorite kind - lower cost, more exploitable,) capitalism can just as easily take away a good life as it can help build one. The wise worker needs to be very flexible and ready to change careers, possibly even know when to just move away to a more promising place, leaving all roots behind, including family and memories, parts of human character. Forget that, be ready to constantly reinvent yourself if you want to stay on track to build wealth as a worker at the whims of capitalism.

    And it never hurts to be lucky and born into good circumstances.
    Last edited by PoliTalker; 09-22-2019 at 05:18 PM.
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