So what is the answer? Socialism ? Trust me Socialism and Communism is not the answer. There are no successful socialist countries.
Capitalism is not perfect but it works successfully because it’s human nature. Humans are highly competitive and have a natural greed.
Socialism is like watching a NBA basketball game and no matter who wins or lose. Everybody gets a trophy and a ring. Now it’s seems fair but trust me that concept will get boring real quickly.
You can be successful in a capitalist system. You just have to be willing to work hard and not be lazy and step your game up.
It’s the reason why people flee to America. They come to the United States for Opportunity which comes from capitalism .
You don’t see a lot of Mexicans fleeing to Cuba and Venezuela and all the other Latin Socialist countries. Reason why Cuba is poor because when you have high taxation to support a welfare state, after a while you run out of people’s money.
Who is going to want to invest and create jobs in a country in which are highly taxed and the government most own a huge stake in your business.
This is propaganda littered in fallacy and lies with ZERO basis of reality that the masses LOVE to regurgitate.
Capitalism is all about bargaining power, i.e. the difference between the floor price and the ceiling price. The prices between what the seller is selling and the buyer is buying. Whoever has the greater bargaining power, wins, and more times than not that tends to be the person who can walk away from the deal the easiest. Corporations don’t bargain with you when you wanna buy something because they hold all the cards. They know if you don’t want this DJI Drone for $1600, they don’t have to give you a discount because there’s 12 people behind you that will pay the “fair market price.” Fair is subjective here but you get the point and I digress.
Moving on ... So when wages for labor (services) which are allocated by markets, are set, employers know the value of time before bringing on new hires. Executives know this. MBA’s know this. Economists know this. They know what they wanna pay, what the labor is worth in the market, and that price is much closer to the floor price than the ceiling price. You don’t want the job? Cool. The next 5 resumes behind you will. And the lie ... the lie that they feed you is,
“work harder and you’ll make more money.”. They have ZERO intention of maximizing your profit, only your productivity.
So put yourself in those CEO’s shoes, but now armed with the truth. You gonna pay extra when you don’t need to? I doubt it.
“Working harder = more money.”
Productivity has increased multiple times while wages have remained stagnant over the course of what? 100 years? Again, they know this and it’s all by design. It’s a system that’s not setup to benefit your work, dedication, sacrifice, efforts and energy, but one that’s set up to funnel money to the top by way of bargaining power. This is why capitalists hate unions, because unions strengthen the bargaining power of the average worker through CBA’s and the like and there and only there, is where capitalist lose.
Everything else is a lie.
The fallacy that
“capitalism rewards hard work and productivity...” is premium, top shelf, grade A, horse shit and will be debunked at every turn.
Anyone in here with an MBA can attest that one of the major courses they teach in western schools is how to lower bargaining power in business. This is the intent with which those who lead the world, never mind this country, operate with.
Capitalism isn’t just an American thing. It’s a global issue and it’s worsening by the minute. Gordon said
“greed is good” right? But no one ever asked,
“good for who?”
Sidenote: Knowing all this, what chance would socialist countries have to exist in this capitalist world? Look at the countries we’ve ever gone to war with.
Iran .. Libya ... Cuba ... Afghanistan ... North Korea ... what’s the common denominator? It ain’t capitalism if that’s what’s you’re thinking.