Capitalism, A Worker's Best Friend?

dear, if you provide worst jobs and products to others you go bankrupt. Capitalism is caring. Do you understand?

 

China just switched from socialism after 60 million starved to death and now they are all getting rich under Republican Capitalism. Do you get everything backwards?

 

wrong of course, it takes a powerful govt to impose and maintain capitalism. Do you understand?

 

Garbage. The landowner doesn't provide any jobs or products, just demands that producers pay HIM for what government, the community and nature provide. So capitalism is parasitism. Do you understand??

 

I've proved to you many times that China is not capitalist because the land is all publicly owned. Why do you persist in repeating your proved-false claim that China is capitalist?

Oh. Right.

 

As you said: captalism is caring about the capitalist only, not others.

A rhetorical question. It means that the questioner doesn't understand.

 

Workers are capitalists.

It's not worker vs capitalist anywhere outside of little Johnny Marxist's head.

You see Marx taught him he can take control over a country, exert minority rule, if eh can take control of the critical industries.
To do that he needs the workers in them. So he practises divide and rule.

Workers, you are being exploited, do as I say and you will be rich.

Only, they won't. He is little Johnny Marxist and he's just looking for people he can enslave. He will be rich.

 

I love the circular reasoning!

 

Free market capitalism is the best economic system there is. It is essentially individuals voluntarily trading with one another. Which means that only win-win interactions take place. The more win-win interactions that take place in society, the better everyone's lives become.

Capitalism has competition. Competition decreases prices of products, increases quality of products, and creates more efficient ways of those products.

 

You start with a myth. There is no free market. There is free market economics, but this is based on rigging government policy in support of inefficiencies in capitalism (see, for example, how neoliberalism has supported extreme wealth inequalities that then threatens economic growth).

Not even the blandest modern economist would agree that only mutually beneficial exchange occurs in capitalism. The 'first best' (i.e. pareto optimality) cannot be achieved because self-interest leads to conflict (i.e. a zero sum game, where activity refers to redistribution from one party to another).

 

In the free market you are not rigging government policy. There is no government policy. There is only protection of property rights.

And capitalism isn't inefficient.

What's wrong with wealth inequality?

What?

 

Why did Coase come out with his theorem? To prove that protection of property rights cannot eliminate even the simplest of market failures (all because of self-interest, asymmetric information and bargaining costs)

Using modern economics analysis, its inefficient by definition. The 'first best' is not achievable. Playing pretend won't help.

It depends how its created and its consequences. Are inequalities created by neoliberalism nature? Do they represent the consequences of work and ability? Of course not. They're no different to the inequalities created by William the Bastard's conquering of Anglo-Saxon Britain.

Its the economics that proves you wrong. Economists refer to the 'first best' (where pareto optimality occurs, such that you have to make one person worse off to make someone else better off). They know that is unachievable and refer to the second best (where, for example, redistribution policies can actually improve both efficiency and equity).

 

If the free market is so inefficient, why does it lead to wealth and prosperity when it is practiced?

How is wealth inequality bad? It doesn't represent work and ability?

 

obviously libcommie interference can create a wage gap and even slowly starve 120 million to death. Do you understand now?

 

You can look at East/West Germany and 100 other examples and see that the free market is hugely efficient compared to libcommie statist govt!!

 

It's like saying IQ inequality is bad, or athletic/musical inequality is bad. Inequality is the mechanism used by the forces of evolution to help us progress!! No wonder that when Mao and Stalin created massive equality 120 million slowly starved to death!

 

Interesting, I was taught that markets don't fail but libcommie govts do. Can you present to us your single best example of a market failure? How will you learn if your are afraid to try??

 

Learning how to merely use capitalism for all of its capital worth in modern times, is what we should be doing.

Henry Ford doubled autoworker wages not minimum wages.

 

so putting a gun to a guys head to take his money that he gained peacefully improves efficiency and equity? How??And why do you need a gun for your efficient policy policy?

 

Yes to avoid worker turnover and training costs etc and thus to earn more profits. Capitalists have always and will always do things to earn more profits. 1+1=2 So???

 

Capitalism is based on egoism??? Wrong of course. Capitalism is based on love or caring. Business School 101: If one competitor is working out of ego and another out of caring which will drive the other into bankruptcy? Would you want to work for a guy whose only concern was himself? Would you want to buy products from a guy whose only interest was himself?

Today is the first day if the rest of your life. Do you have the courage to learn and change the rest of your life?

 

100% pure liberal insanity!!! Inefficiencies? an airline will carry less magazines for passengers to read to save weight and a few pennies in fuel each flight. Campbells Soup will offer a huge reward to any employee who can shave 1/4 of a penny off the cost of a can of soup without lowering quality. Customers on Amazon will select an item that is 1 penny cheaper! The Chinese will print instructions in broken useless English in tiny tiny print to save one penny on a $50.00 item!!

Capitalism is very very very very very efficient!! See why we are 100% positive the liberalism is based in 100% pure ignorance!!

 

they were Auto worker wages not minimum wage worker wages.

 

so??????????????????

 

lousy capitalists whine about Minimum wages?