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Originally Posted by Fantasea [Quote = anamoly]
Well, it is a pleasant surprise to know that capitalism is not all bad.When I condense all of is, it comes out this way. The spillover of capitalism to the poorer countries of the world has produced jobs that never before existed for people who had lived in abject poverty and raised them to the level of consumer of goods that, heretofore, they could only dream about, if indeed, they were aware of its existence. This bodes well for all concerned. Goods are produced. Jobs are created. Markets are developed. Living standards are raised. Investors are compensated. Growth proliferates. |
It never ceases to amaze me how you think that capitalism has improved the lives of the majority of foreign workers. Remember, capitalism cause inequality. The USA is very rich, and as we continue to get richer, the poor countries will continue to get poorer. Your reasoning is hilarious, though, throughout your response. You say that 'well, atleast they have a job and are making money; atleast they aren't dead'! Unbelievable. Do you know anything of the plight of the foreign worker (asking again)? It seems you do not, so I'd appreciate it if you do not publically present your ignorance of the topic. Must I once again stress it?-workers in foreign countries lived quite well before capitalism, now they are slave laborers, working for a system many of them do not support. And yet you support exploiting workers.
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Originally Posted by Fant If there is a downside in your analysis, I have not detected it.This is the fallacy of the argument presented by socialists. Wealth is not finite; it is limitless.
Adam Smith was the first to realize that the ‘Wealth of a Nation’ was not in the accumulation of commodities nor in the resource reserves that a nation may happen to possess. But rather wealth exists in the productive knowledge of its people. The ability to efficiently transform resources into desired goods and services represents the true source of a nation's wealth.
Physical and human capital represents the true embodiment of wealth.The only American workers who ever lose are those who eschew education and are forced to accept menial jobs which enables them to go through life complaining about the unfairness of it all.That sounds like conditions in the US during the early days of industrialization. However, Living standards vary, country to country, as does the cost of living. Irrespective of how dark you paint the picture, The bright spot is that just as the US passed through it, so will any other country where government impediments are not severe.The alternative would be far worse, would it not?Whether that was true when he wrote it midway through the nineteenth century, it is certainly not true in the twenty-first.Most ‘rich ones’ used to be the poor ones. This is the beauty of the capitalist system. Those on the bottom have the opportunity to move up the ladder, even all the way to the top. Those opportunities do not exist under socialism where the goal is not equality of opportunity but equality of outcome. Everyone is limited to the same rung on the ladder. A low rung. Everyone, that is, except those at the top who pull the strings.Damn, I thought we had finally done something right.Instead of permitting the inmates to languish in laziness, I think we should put the time to good use where they would earn an education, learn a work ethic, produce value, and return to society with a cash stake that would help them to comfortably assimilate.Poverty is a fuzzy concept. A few years ago, a visiting dignitary from an African nation was taken on a tour of several US ghetto neighborhoods in order that he may see how bad conditions were. Upon his departure for his homeland, he was asked to comment on what he had seen. His remark was along the lines of, “I’ve been to many places around the world. However, it is only in the US that I’ve ever seen poor people who are fat.” |
Fant, first off, none of this is supported by fact! You can talk big, but you certainly lie bigger. My uncle had his job outsourced, my other uncle did too. You know, in the 70's, it wasn't all that common for workers to go to college, they didn't need it, yet you punish them for it. Call it what you will, you have, for some reason, contempt for the American worker.
Nevertheless, the poverty thresholds shown below shouldn’t be difficult to overcome if more than one family member does nothing more than flip hamburgers at the local fast food emporium. Imagine what can be accomplished with a ‘real’ job. And you seem to misunderstand how global capitalism works. At the present course (conditions in China only get worse, conditions in Latin America haven't changed for some time) nothing will ever change. Under capitalism, we neccesarily see inequality, vast inequality. You seem to refuse to accept this most basic fact. The majority never wins under capitalism, that is either it's vice or its virtue, but stop lying to people Fant! Stop with this cartoonish 'everybody wins' capitalism. It's not reality, it's only in your mind. And you are completely wrong in saying that capitalism gives us 'equal opportunity'. Tell that to the Brazilian peasant, or the son of a factory worker, or a child laborer. Equal opportunity may be the greatest myth of capitalism. And you again show hat you know nothing of socialism, as you assume that socialism takes away opportunity. Socialism is regulated, state run, capitalism. The same opportunity exists, just things are more equal. What you seem to think is that, when the richest people in America only make 15 billion a year, that no one will be motivated to create, and use their skills to succeed. Is money the only thing driving man today?