Hello Jarod,
Originally Posted by
Jarod
The beautiful idea of capitalism is that if the government stays out of managing business, needs will be awoken by the market and the most efficient at providing those needs will prosper, and on paper, in theory this is absolutely true.
No, it isn't. Capitalism absolutely must be well regulated. Government is the only entity that can do that.
Originally Posted by
Jarod
Its really a beautiful thing the idea that left alone the market will sort itself out.
It's a myth. What will happen is the most powerful and immoral will crush the rest. They can't resist.
Originally Posted by
Jarod
It illustrates the hand of God in the equation, things do not need to be managed...
I don't see God having anything to do with it. We are on our own. Whatever happens to we humans is up to we humans. The market with God's influence and the market without God's influence look exactly the same to me.
Originally Posted by
Jarod
The problem...
Human greed that leads to corruption.
Thank you. That's why there is no such thing as the free market. It must have rules; AND enforcement of those rules.
Originally Posted by
Jarod
We need a force to counteract the harmful effects of detect, corruption and excessive greed.
Exactly!
Originally Posted by
Jarod
This idea does not work, when corruption is allowed.
It will never work because there is always corruption. That's why we need regulation.
Originally Posted by
Jarod
IN a world where unethical behavior is allowed and hidden from the public, the most corrupt succeeds over and above the best or most efficient. When large corporations collude to fix prices, form monopolies and use tactics such as built in obsolescence the market is left with the most corrupt rising to the top, not the best. When an uneducated public is left with fewer choices in the market, or when they are lied to with marketing tactics the beauty of capitalism is corrupted. This is why American has, in many markets, lost its edge. This is why other systems beat us with superior products. This is why an incompetent trust fund baby is wealthy while the hard working intelligent person born into poverty does not rise to the top.
The dream of capitalism is sullied by corruption.
The real beauty of capitalism is the lure of reward for hard work. It is the return on the investment of time, effort and/or wealth. Capitalism is a great motivator. But it is only a motivator for business owners and investors.
Most workers have a different motivation. They are not motivated by rewards as much as they are motivated by job security. Workers work hard because they don't want to lose their job. They can't afford to suddenly lose income, (most workers live paycheck to paycheck) so they know they have to keep up the pace and not be singled out for lack of performance. Most workers don't have much to look forward to as far as thinking if they work hard they will get raises and be rewarded for their hard work. Oh sure, those with the better jobs hope for that and it might happen, (usually not) but there is a very large segment of workers who have zero hope nor expectation of a raise. They work so they don't get fired. That's their motivation. They know they make their deal on the way in and, once done, they are pretty much stuck with it.
The corruption aspect of it acts in two ways.
1. For those who suffer as victims of corruption (most of the populace to one degree or another) it is a definite turn-off for capitalism. Why try to start a small business when the deck is stacked so heavily against you? Big powerful players in the market are ready and willing to crush you. And they have government on their side. They'll eat you up like there's nothing to it, scratch your name off the list of competitors and move quickly on to the next one. Better to greatly reduce your risk and just take a job working for somebody else. That's what most pragmatic people do. And the health care attachment to employment about seals that deal for anybody who is on the fence.
2. For those who have nefarious tendencies the corruption is seen as a huge opportunity. If you can get some kind of immoral leverage and use it, you can multiply your return. For greedy people, this is irresistible. And that is why we have so much corruption. They just don't love their neighbor. They want to take advantage of their neighbor. They don't care at all what happens to other people.
Trump is the epitome of that kind of thinking.
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