Capitalism works because the rich sucueed and the poor fail...
Capitalism works because the middle class is really the "upper lower
class." Capitalism works because those who gain the power arn't
stupid...
Capitalism works because it is about as fair as you can get...
Capitalism works because it guarantees your rights....
Capitalism works because everything has value...
Capitalism works because it puts inteligence above all else..
Capitalism works because it makes us want to better ourselves..
Capitalism works because no matter how cruel the business world is,
there is always going to be a compassonate soul who played the game
and is willing to help you get back to the starting line to play
again...
Socialism happens when people are stupid and lazy... too stupid and
lazy to play the game...
Socialism happens when people cry... When people cry because they
can't eat tonight because they accepted a job that pays next to
nothing, because they didn't work their tail off to provide for
themselves and their families...
Socialism happens when a country taxes the rich so the rich cannot
inteligently spend their money...
Socialism happens when minimum wage laws cause unemployment...
Socialism happens when high tarrifs and limits on free trade make the
cost of Milk 25% more in California than in Nevada...
Socialism happens when those who want political power are willing to
give out money to those who vote for them...
Socialism happens when people think that they are entitled to
happyness and yet no matter what they are provided with are still not
happy...
Socialism happens when the youth of today think that it is up to
someone else to fix the problems.. like drugs.. so laws are enacted to
push the problem underground...
The USA happens when you spend more money in a day than what Spain
spends in a year...
The USA happens when you spend more money than the next 25 largest
industrialised countries COMBINED...
The USA happens when you have two parties.. one which is known for
providing economic oppertunities to the rich and calaiming to have
"less social services" and "more tax cuts" when in actuiality the
"upper lower class (middle class)" sees raises in prices on many
goods.. and another party that gives money and power to unions that
engage in abusive collective bargaining aided by the most powerful
state in the world...
The USA happens when you elect a president as a figurehead.. and when
you elect a figurehead to be president...
Bill Gates happens when you mix some luck with someone who is willing
to play the game harder and faster...
Bill Gates happens when you try to innovate..
Microsoft happens when a company finds out what their customers
wants...
Netscape happens when a company can no longer innovate fast enough...
Enron happens when investors don't analyze enough, big executives
don't play by the rules, and employees don't find a job that
diversifys the thing they are relying for their sole existance after
age 65
WorldCom happens when you hide numbers...
WorldCom and KMart happen when US Bankruptsy court gives "vital"
corporations a break.. on your tax dollars..
9.11 happens when you aid a country that doesn't want to recognise
their neighbors..
9.11 happens when you have a government where your top national
security organizations get FUNDING INCREASES when they FAIL big time..
9.11 happens when you have a government where you top security
organizations worry about FUNDING CUTS when they do their job WELL...
Osama Bin Laden happens when you have a socialist economy in an area
with large amounts of unemployment, substandard education, and a
religion that adapts itself much better to someone's political
objectives than even the Bible..
Osama Bin Laden happens when you censor and disguise what really
happened...
The Russian Theatre incident happens when you have a country a lot
like the US invade a country and do horrible.. horrible.. things.....
then cover it up and make yourself look good...
The Russian Theatre incident happens when people feel censored...
Fark happens when a bunch of people start flame wars about shiat that
doesn't matter.. and a lot of stuff that does...
Fark happens when a bunch of people feel they have this world figured
out... not willing to know that they will probably learn something
tomorrow that could topple their entire belief structure..
Nicholas Vincent Catalano (Nick4753, me) happens when a 15 year old
can only understand this world by asking questions..
-peace... posted because I want to see this in 10... 15... 30 years
from now and understand where I came from...
"For my own part, I believe that there is social and pyschological
justification for significant inequalities of incomes and wealth,
but not for such large disparities as exist to-day. There are
valuable human activities which require the motive of money-making
and the environment of private wealth-ownership for their full
fruition. Moreover, dangerous human proclivities can be
canalised into comparatively harmless channels by the existence
of opportunities for money-making and private wealth, which, if
they cannot be satisfied in this way, may find their outlet in
cruelety, the reckless pursuit of personal power and authority,
and other forms of self-aggrandisement. It is better that a man
should tyrannise over his bank balance than over his fellow
citizens; and whilst the former is sometimes denounced as being
but a means to the latter, sometimes at least it is an
alternative. But it is not necessary for the stimulation of these
activities and the satisfaction of these proclivities that the
game should be played for such high stakes as at present. Much
lower stakes will serve the purpose equally well, as soon as the
players are accustomed to them. The task of transmuting human
nature must not be confused with the task of managing it. Though
in the ideal commonwealth men may have been taught or inspired or
bred to take no interest in the stakes, it may still be wise and
prudent statemanship to allow the game to be played, subject to
rules and limitations, so long as the average man, or even a
significant section of the community, is in fact addicted to the
money-making passion."
-- John Maynard Keynes, _The General Theory of Employment,
Interest, and Money_.
"Like the spurious 'economic freedom,' and with more justice,
economic security is often represented as an indispensable condition
of real liberty. In a sense this is both true and important.
Independence of mind or strength of character is rarely found
among those who cannot be confident that they will make their way
by their own effort. Yet the idea of economic security is no less
vague and ambiguous than most other terms in this field; and
because of this the general approval given to the demand for
security may become a danger to liberty. Indeed, when security is
understood in too absolute a sense, the general striving for it,
far from increasing the chances of freedom, becomes the gravest
threat to it.
It will be well to contrast at the outset the two kinds of security:
the limited one, which can be achieved for all, and which is
therefore no privilege but a legimate object of desire; and absolute
security, which in a free society cannot be achieved for all and
which ought not to be given as a privilege - except in a few special
instances such as that of the judges, where complete independence is
of paramount importance. These two kinds of security are, first,
security against severe physical privation, the certainty of a given
minimum of sustenance for all; and, second, the security of a given
standard of life, or of the relative position which one person or
group enjoys compared with others; or, as we may put it briefly, the
security of a minimum income and the security of the particular
income a person is thought to deserve. We shall presently see that
this distinction largely coincides with the distinction between
the security which can be provided for all outside of and
supplementary to the market system and the security which can be
provided only for some and only by controlling or abolishing the
market.
There is no reason why in a society which has reached the general
level of wealth which ours has attained the first kind of security
should not be guaranteed to all without endangering general freedom.
There are difficult questions about the precise standard which
should thus be assured; there is particularly the important question
whether those who thus rely on the community should indefinitely
enjoy all the same liberties as the rest. An incautious handling of
these questions might well cause serious and perhaps even dangerous
political problems; but there can be no doubt that some minimum of
food, shelter, and clothing, sufficient to preserve health and the
capacity to work, can be assured to everybody. Indeed, for a
considerable part of the population of England this sort of security
has long been achieved.
Nor is there any reason why the state should not assist the
individuals in providing for those common hazards of life against
which, because of their uncertainty, few individuals can make
adequate provision. Where, as in the case of sickness and accident,
neither the desire to avoid such calamities nor the efforts to
overcome their consequences are as a rule weakened by the provision
of assistance - where, in short, we deal with genuinely insurable
risks - the case for the state's helping to organize a comprehensive
system of social insurance is very strong. There are many points of
detail where those wishing to preserve the competitive system and
those wishing to supercede it by something different will disagree
on the details of such schemes; and it is possible under the name of
social insurance to introduce measures which tend to make
competition more or less ineffective. But there is no
incompatibility in principle between the state's providing greater
security in this way and the preservation of individual freedom. To
the same category belongs also the increase of security through the
state's rendering assistance to the victims of such 'acts of God'
as earthquakes and floods. Wherever communal action can mitigate
disasters against which the individual can neither attempt to guard
himself nor make provision for the consequences, such communal
action should undoubtably be taken."
-- Friedrich A. Hayek, _The Road to Serfdom_
Empirical data on how the stakes have gotton out of hand lately and
how there is not as much opportunity to play the game in the U.S.
as some might think can be found in a variety of papers. I believe
the following are on-line somewhere:
Rolf Aaberge et. al., "Income Inequality and Income Mobility in
the Scandinavian Countries Compared to the United States", 2002.
Abstract: This paper compares income inequality and income mobility
in the Scandinavian countries and the United States during 1980-90.
The results suggest that inequality is greater in the United States
than in the Scandinavian countries and that this inequality ranking
of countries remains unchanged when the accounting period of income
is extended from one to eleven years. The pattern of mobility turns
out to be remarkably similar, in the sense that the proportionate
reduction in inequality from extending the accounting period of
income is much the same. But we do find evidence of greater
dispersion of first differences of relative earnings and income in
the United States. Relative income changes are associated with
changes in labor market and marital status in all four countries,
but the magnitude of such changes are largest in the United States.
James K. Galbraith, "The Distribution of Income"
Abstract: Inequality has become perhaps the foremost preoccupation
of modern empirical economics. Yet the conventional theoretical
explanations of changing inequality rest on premises long ago
demolished on logical grounds. This paper summarizes a Keynesian
theory of income distribution. The theory integrates macroeconomic
and distributive phenomena and so accounts for the empirical
relationship between the changing shape of the distribution and
major macroeconomic events.
Peter Gottschalk and Sheldon Danziger, "Family Income Mobility--
How Much Is There and Has It Changed?", 1997.
Alan B. Krueger, "Inequality, Too Much of a Good Thing", 2002.
Thomas Piketty and Emmanuel Saez, "Income Inequality in the United
States, 1913-1998".
Abstract: This paper presents new homogeneous series on top
shares of income and wages from 1913 to 1998 in the United States
using individual tax returns data. Top income and wages shares
display a U-shaped pattern over the century. Our series suggest
that the large shocks that capital owners experienced during the
Great Depression and World War II have had a permanent effect on
top capital incomes. We argue that steep progressive income and
estate taxation may have prevented large fortunes from fully
recovering from these shocks. Top wage shares were flat before
World War II, dropped precipitously during the war, and did not
start to recover before the late 1960s but are now higher than
before World War II. As a result, the working rich have replaced
the rentiers at the top of the income distribution.
Timothy Smeeding, Lee Rainwater, and Gary Burtless, "United States
Poverty in a Cross-National Context", 2001.
Timothy M. Smeeding and Lee Rainwater, "Comparing Living Standards
across Nations: Real Incomes at the Top, the Bottom, and the Middle",
2002.
--
Try http://csf.colorado.edu/pkt/pktauthors/Vienneau.Robert/Bukharin.html
To solve Linear Programs: .../LPSolver.html
r c A game: .../Keynes.html
v s a Whether strength of body or of mind, or wisdom, or
i m p virtue, are found in proportion to the power or wealth
e a e of a man is a question fit perhaps to be discussed by
n e . slaves in the hearing of their masters, but highly
@ r c m unbecoming to reasonable and free men in search of
d o the truth. -- Rousseau
> On 30 Nov 2002 01:40:27 -0800, ni...@nozone.net (Nick Catalano) wrote:
>
> >Capitalism works because it is about as fair as you can get...
> >Capitalism works because it guarantees your rights....
>
> Snort.
Man, that wasn't even a complete sentence!
Lots of religious sentiment which I have discarded.
I at first was responding point by point, but the actual contradictions
and utter inantities inherent in his post were just too much. Capitalism
is not a religion. Nor is socialism. These are not even political
systems but are, in fact, economic systems. When we consider the field
of political economy we have room for both of these economic systems
when attempting to achieve the common good. The problem with Nick
Catalano's post is that he has already adopted capitalism as the
_definition_ of "common good". And therefore, everthing else is "bad".
I would suggest that Mr. Catalano first decide what "good" is and then,
perhaps he can tell us whether or not he is trying to maximize some
form of "common good" or whatever else he thinks he is trying to maximize.
Economics must have some goal.
"Which way do I go", asked Alice? And the Cat asked her "Where
do you want to be"? Alice thought for as long as most American
taxpayers and said "I don't know". With precision and accuracy
the cat then advised her "Then it does not matter which way you
go".
--
Mike Coburn
"It's the tax system, stupid. No, it's the ludicrous
banking system. Well, actually, its both. With proper
consideration we find these injustices are made
possible by the lack of representation of The People
in their government". -- http://GreaterVoice.org
>
>Capitalism works because the rich sucueed and the poor fail...
>Capitalism works because the middle class is really the "upper lower
>class." Capitalism works because those who gain the power arn't
>stupid...
Capitalism and Communism are both evil. The problem with
capitalism is that it is materialistic and puts no special value on
people. Capitalism is based on supply and demand. A capitalist company
that made potato chips for example would need--X number of potatoes, Y
amount of salt, and Z number of human beings for labor. The human
beings have no more value than the potatoes or the salt. And they
consider it good to pay they humans as little as they possibly can to
increase their profits.
According to capitalist theory people must compete to see who
will work for the least pennies per hour. They say everyone must
compete with the people in Mexico and China to see who will work for
the fewest pennies. If a company makes billions in profit while paying
its employees starvation wages that is perfectly fine. At least the
sacred laws of supply and demand are not violated. If the people die
of starvation that is fine too. You can always get more people. If
there is not enough work for everyone to do then they think people
need to die off. Ebenezer Scrooge did everything right according to
the capitalists and followed the beliefs and values of capitalism.
The apologists for the Scrooges correctly point out that
people only start business for a profit. Of course that is true.
Anyone can see that communism is a big mistake. But wouldn't people
start the business for only millions in profits rather than billions?
What if there were laws that made sure working people got a reasonable
share of the profit? Would that be so terrible?
We have many laws that make things better for people. There are
laws that give people extra pay if they work over forty hours. There
are laws that ensure people will have retirement. Capitalism is for
doing away with the laws so businesses can be free to be as greedy as
possible.
Capitalists oppose welfare and say that orphans and other needy
people should be helped by charity. How much charity would there be
when capitalists openly say that selfishness is a great virtue? If
there was no welfare then the charitable people would have to pay for
everything while most people would not pay one thin dime. We have
welfare so people all pay their fair share. It is part of having
civilization.
We need to reject both Capitalism and Communism. They are both
materialistic and they are both evil.
http://stormfront.org http://www.kukluxklan.org
www.spearhead-uk.com http://www.natvan.com
This post totally mistakes "Capitalism" for "Republicanism."
Capitalism, always modified by regulation--as it always is and must
be--is not the evil. The anarchism of Republicanism as currently
practiced is the evil. Replace "Capital..." with "Republic..." in
neptune3's post and it will read correctly.
Mason C
Someday this is going to hurt my chances if I decide to run for
congress.
Oh, sorry, there's no answer. That's like saying, I reject both men
and women. What are you left with? It's either one or the other;
either people run the economy, or the government does. Or maybe
you're thinking theocracy? God runs the economy?
Also, while capitalism surely ignores the value of people, as a silly
thought exercise, consider that democracy does not. In fact, the only
value in democracy is people -- votes. Hence, a democratic,
capitalist country might be able to strike just the right balance
between money and people.
www.spearhead-uk.com http://www.natvan.com
http://www.altermedia.info http://www.RealNews247.com
>Here's a quick joke: If you reject both Capitalism and Communism, what
>are you left with?
Everything else: socialism, feudalism, fascism, and of course freedom
and justice.
>Oh, sorry, there's no answer. That's like saying, I reject both men
>and women.
Stupidity.
>What are you left with? It's either one or the other;
>either people run the economy,
They always do. But _which_ people?
>or the government does.
You talking about fascism?
>Also, while capitalism surely ignores the value of people, as a silly
>thought exercise, consider that democracy does not. In fact, the only
>value in democracy is people -- votes. Hence, a democratic,
>capitalist country might be able to strike just the right balance
>between money and people.
You can't value people by sacrificing their rights on the altar of
property rights.
-- Roy L
One of the problems with our Capitalist system is that it doesn't give
the employee of a business the opportunity and benefits owners have in
our Capitalist system.
Can I use an example of a company making widgets?
Suppose you are a very bright person and hire on with the widget
company. Your job is to operate a machine that makes a model A
widget. After a week or two on the job you get and idea. Your idea
is to make a modification to the machine so that it is capable of
making twice as many widgets as before.
In the current Capitalist system, you get nothing for your idea -
(well maybe the boss might give you a free trip to the Bahamas). In
our Capitalist system the boss owns the property (ie. your machine).
Any profits gained from improvements made to that machine belong to
the boss. So the boss gets richer, not from his own creativity, but
from the creativity of the worker. If the improvement is patentable,
the boss reaps the benefits from licensing to others if he wants.
You, as the worker, get a trip to the Bahamas and then it's over - no
more profits for you.
Isn't this how Bill Gates got so rich?
Please consider an alternative to this system. Call it
post-Capitalism.
Don't you think it would be a more morally correct system for the
worker to get more benefit from his ideas and creativity? What if,
from his idea, the worker were issued property rights to his idea.
Suppose demand for widgets increases so that the machine you have made
improvements to needs to run to it's new capacity to meet the demand.
Who should get the profit from the additional sales? Shouldn't the
worker get some share of the profit from those additional sales? I
think he should get the lion's share of those additional profits.
Shouldn't the worker be granted ownership rights for his
contributions? Perhaps he should be granted the freedom to issue
stock on his portion of production. Up to the original designed
capacity of the machine the owner should reap the profits and the
worker should be paid normal wages. However, when the machine runs
above the original capacity the profit should go to the worker. Of
course, the worker would want to pay the labor, material and overhead
for his portion of the production. He'd also want to pay his
stockholders who invested in the changes made to the machine. Thus,
the original owner and the worker financially benefit from the
worker's idea in proportion to the value of their individual
contributions to the improvement in technology and contribution to the
society as a whole.
Works into the Republican idea of making ours and "ownership society"?
(I don't think this is what Bush had in mind, but perhaps it could
evolve into it.)
Under such a post-Capitalist system, the gap between the rich and the
poor would narrow. There would be quantum levels more owners
(entrepreneurs) out there. Workers would have the opportunity to
become capitalists too.
As the Capitalist system currently works millions of creative ideas
are lost. There is currently little or no incentive for workers
improve productivity for their bosses. I've worked in factories and
know most workers who withhold their very creative ideas.
Think about it a bit. I'd like to read what you think of such a
system.
RJBJR
Whats to stop the employee from keeping his idea for himself, patenting it
himself, and manufacturing the improved widget maker?
Capitalism is a great system - we just have to get the western world to
actually USE capitalism instead of this bastardized
capitalist/monarchy/plutocracy that has been installed.
rjbu...@comcast.net (rjbjr) wrote in
news:98f44843.04120...@posting.google.com:
These ideas are being lost in our current system. Companies ask their
employees for improvement ideas out of altruism, not because they might
actually profit from their ideas.
This system is inherently unfair and unproductive. People just don't
do things out of the kindness of their hearts and love for the
employer. Also, a worker can make more by slowing down or causing his
machine to break down in order to get time and a half or double time
working overtime to make up for loss of production.
The end result of the existing system is loss of productivity and
eventual outsourcing to the lowest cost worker. The gap between rich
and poor grows larger.
If the employee is given property rights to his idea to improve
productivity on his machine, you will have created a new way to own
property - the very essence of Capitalism. And, from my experience in
manufacturing, the number of incremental ideas available from factory
floor workers would result in quantum leaps in productiviy - making our
factories more than competitive with low wage countries.
Thanks for your comments.