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Thread: Why shouldn't capitalism be better regulated?

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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by Checkerboard Strangler View Post
    We have FIRE regulations for a reason, yes?
    Fire can be a useful tool, because it can warm your home, forge your steel and iron, cook your food, etc.
    It can also burn down entire towns if left unchecked.

    Capitalism is a lot like FIRE. Left unregulated and unchecked, it can become predatory and very damaging, and it can unearth some pretty awful unintended consequences. And yet when properly harnessed, capitalism can lift entire generations out of poverty, stimulate innovation and launch entirely new industries. Capitalism has demonstrated the capability to serve as a useful and rewarding tool to serve the middle class if it operates under the right kind of regulation.

    So this thread is an effort to explore suggestions and ideas on how to properly regulate capitalism to do just that.
    Capitalism is regulated. How much is the question. Over regulation has proven to be a cause for economic downturn. So finding the correct amount is tricky. Democrats like to over regulate, they think they know more than business people on how to run the business. Sure they do because the government is so successful at making money. Oh, yeah they don't make money, they take money and waste it.

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    Re: Why shouldn't capitalism be better regulated?

    Capitalism is the strenght of the greatest nation on earth. It is why folks like Bernie Sanders, Joe Biden, Barrack Obama, Kamala Harris and almost Elizabeth Warren are millionaires. Funny how those that hate capitalism are the ones getting rich.

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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by Integrityrespec View Post
    Capitalism is the strenght of the greatest nation on earth. It is why folks like Bernie Sanders, Joe Biden, Barrack Obama, Kamala Harris and almost Elizabeth Warren are millionaires. Funny how those that hate capitalism are the ones getting rich.
    Can you find a direct quote from any current or former presidents/congresspeople who literally say they "hate capitalism?" Post the link.

    If not, pipe down and go back to the kiddie table.
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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by Dragonlady View Post
    Like the Housing Bubble, the Roaring Twenties were built on loose credit, with no collateral to back up the values. It was all a house of cards built on credit. That's not an economic boom, that's an abuse of credit. The poverty and miserable wages were already there. The Depression made them worse. Just as Conservatives fail to mention that Reagan's policies doubled poverty in America, so any discussions of the economic booms created in the 1920's, the 1980's, and the 2000's, needs to look at the economic factors underpinning them. That's why there were so many restrictions on credit after 1929, and why, there was another crash a few years after those restrictions were lifted in 1999.

    And yes, if management gets a 10% raise, so should the workers. They're the ones who are actually making the products that make the money. They should get the first raises because if your company is successful, it's because you have good workers to go along with your good ideas - regardless of the level of skill required to do the job.

    Every time I have an economic discussion with conservatives, their solution is always the same: go back to school, get an education, save your money, start your own business, and achieve the American Dream. This isn't a solution. It doesn't even acknowledge the problem. Telling people to raise themselves up to the top 10% isn't a solution, because 40% of the population is still not making enough money to live on, and requires social assistance to put a roof over their heads and food on the table.

    There will always be the 1%, and those people will only ever be 1% of the population. Your policies are tax and employment policies are working really well for them, but in order for your country to thrive, your economic policies have to work for 100% of the population. Not just the wealthy.

    Everybody needs enough money to put a roof over their heads, and food on the table. Conservatives want to do it by "earned income credits", which shifts the burden of providing a living wage from employers, to the taxpayers. Liberals want the employers, many of which are among the most profitable companies in America, and all of whom got a HUGE tax cut just last year, which they then used to buy back shares and increase their wealth, to pay their own damn workers. This is a move that the right vociferously opposes.

    Somebody posted a link upthread, to a liberterian think tank report, which they claimed proved that minimum wage increases cost jobs. The problem is that the methodology used in university study which underpinned the report, had already been debunked as deeply flawed. For this reason. They counted all jobs paying $15 or less as their base starting number. They had X workers doing Y hours at the minimum wage, plus all of the hours worked by people who were making $15.00 per hour or less, but more than minimum wage, as their starting point. Their conclusion was that were substanially fewer workers and substantially fewer hours being worked at $15 an hour was absolutely correct, but their conclusion that this proved that meant employers cut jobs or hours was not. In reality, the people who were already making more than the minimum wage, also got raises, so that all low wage workers received raises. Of course, the number of $15 an hour jobs went down, because only the minimum wage jobs are now paying $15. More the half the workers they included in their initial numbers got raises and were no longer included. The jobs that paid over minimum wage but below $15, were still paying above $20 an hour, so all of those jobs and those hours, which were counted in the base numbers, were no longer counted.

    Figures never lie, but liars often figure.
    An appropriate ending to your wall of words. Facts often get in the way of liberal ideology. Government firing the money cannons indiscriminately, ala liberal thought, doesn't work.
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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by James972 View Post
    of course not liberal taxes and regulations sent all the jobs to China. Wages are sky rocketing in China! Ever wonder why? You have learned this 43 times .Shall we go for 44?
    Greed sent the jobs to China and the CEO salaries reflect that greed. Reagan told the corporate executives that they owed nothing to their workers. The Chinese Govt. sets the wages in China and they know higher wages for workers mean more spending in the economy and it is working. GM sells more cars in China than the US now. Their current boom mirrors ours in the 50's and 60's. They are using postwar America as their model for an economy that gives the people what they want so they can stay in power.
    Last edited by iguanaman; 07-19-19 at 02:54 PM.
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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by iguanaman View Post
    Greed sent the jobs to China and the CEO salaries reflect that greed. Reagan told the corporate executives that they owed nothing to their workers. The Chinese Govt. sets the wages in China and they know higher wages for workers mean more spending in the economy and it is working. GM sells more cars in China than the US now. Their current boom mirrors ours in the 50's and 60's. They are using postwar America as their model for an economy that gives the people what they want so they can stay in power.
    BWAHHHHH..... you really are going to claim that the Chinese are using post war America as their model?

    That's funny!!!.
    So we should put you down as supporting putting GPS trackers in everyone to "save lives"?
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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by jaeger19 View Post
    BWAHHHHH..... you really are going to claim that the Chinese are using post war America as their model?

    That's funny!!!.
    They are building a massive "interstate" highway system, a space program with a moon shot, and have the fastest growing middle class in the world. Sound familiar?
    Those who can make you believe absurdities can make you commit atrocities.
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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by iguanaman View Post
    They are building a massive "interstate" highway system, a space program with a moon shot, and have the fastest growing middle class in the world. Sound familiar?
    Seriously that's funny.

    Shall we compare unionization? You know that private unions are illegal in China right?

    What about workers and free speech..

    Oh wait:
    n March of 2016, eight workers were sentenced to up to eight months in prison just for protesting their low wages in public. They were charged with the crime of “severely obstructing social-administrative order.”
    Come on man...
    So we should put you down as supporting putting GPS trackers in everyone to "save lives"?
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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by jaeger19 View Post
    Seriously that's funny.

    Shall we compare unionization? You know that private unions are illegal in China right?

    What about workers and free speech..

    Oh wait:


    Come on man...
    Like I said, the Govt. controls the wages, no need for unions. I did not say they were a free democracy or that we should emulate their dictatorship but the govt. has decided that making the people happy by reproducing our best decades is how to stay in power. They are raising millions out of poverty and the Chinese have more to spend every year.
    BTW How many workers are still unionized here? Who is protecting the rights of most workers in the U.S. Nobody that's who. We need to deal with that fast. I like the 3 sided union negotiations they have in Germany where the union, the company and the Govt. negotiate together. The govt. makes sure BOTH sides get an equitable deal.
    Last edited by iguanaman; 07-19-19 at 09:02 PM.
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    Re: Why shouldn't capitalism be better regulated?

    Quote Originally Posted by iguanaman View Post
    Like I said, the Govt. controls the wages, no need for unions. I did not say they were a democracy or that we should emulate their dictatorship but the govt. has decided that making the people happy by reproducing our best decades is how to stay in power. They are raising millions out of poverty and the Chinese have more to spend every year.
    BTW How many workers are still unionized here? Who is protecting the rights of most workers in the U.S. Nobody that's who.
    Bingo.... you need to look at your own post.. you just said.. the government controls wages.. so no unions (by the way.. the government is what keeps wages down in china.. not up in an truly American free market the wages would be much much higher)

    they are not a democracy but an authoritarian government.

    They are NOT in any way "reproducing our best decades"... you just showed us that.

    By the way about 14 million are unionized. And who is protecting the rights of most workers in the US? The US government.. and the laws that protect everything from workplace safety.. to the hours one can work.. the age which one can work..and so forth.

    Dude.. before saying anything more.. I think you should do more research when it comes to the rights of Chinese workers.. versus the rights of US workers. And not just whats on paper..but what really happens in china.
    So we should put you down as supporting putting GPS trackers in everyone to "save lives"?
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