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Showing posts with label capitalism. Show all posts
Showing posts with label capitalism. Show all posts
Saturday 26 July 2014
Friday 1 March 2013
Is Capitalism dead?
Interesting opinions from a political expert/philosopher on current and future economic conditions with a focus on Capitalism.
I especially found statements near the end of the video assuring. Basically, the point was made that Scandinavian countries, while maintaining a high degree of social programs and a far more level income equality ratio among their citizens, they remain among the top countries in global economic competitiveness. In other words, the old argument that conservatives like to use for attacking all forms of income re-distribution is a crock.
There is no reason why the wealth of a country cannot be more evenly shared while the nation remains vital in a global, competitive economy. You don't run out of "other people's money" because not everyone gets "on the dole" just because they can. People are just as anxious to invent, discover, and create jobs even if they won't earn the obscene amounts that their American counterparts do. I use the word "obscene" not because I begrudge anyone the fruits of their labour, but only because that wealth comes at the expense of large numbers of hard-working or even non-working folks who struggle for food and shelter every day.
Click here to go to most recent posts.
I especially found statements near the end of the video assuring. Basically, the point was made that Scandinavian countries, while maintaining a high degree of social programs and a far more level income equality ratio among their citizens, they remain among the top countries in global economic competitiveness. In other words, the old argument that conservatives like to use for attacking all forms of income re-distribution is a crock.
There is no reason why the wealth of a country cannot be more evenly shared while the nation remains vital in a global, competitive economy. You don't run out of "other people's money" because not everyone gets "on the dole" just because they can. People are just as anxious to invent, discover, and create jobs even if they won't earn the obscene amounts that their American counterparts do. I use the word "obscene" not because I begrudge anyone the fruits of their labour, but only because that wealth comes at the expense of large numbers of hard-working or even non-working folks who struggle for food and shelter every day.
Click here to go to most recent posts.
Thursday 2 February 2012
Monday 10 October 2011
Capitalism gone mad!
At the little supermarket across the road, they sometimes feature cases of 24, 30 or 32 bottles of water for $2.49 or $2.99. A good price if one ignores the fact that it is only water, and that you can scoop up the stuff from just about anywhere you see the 326,000,000,000,000,000,000 gallons (326 million trillion gallons) of the stuff (roughly 1,260,000,000,000,000,000,000 litres). These particular bottles are 500 ml. (half a litre). For the many unwashed reading this, you can think of it as about half a quart.
That works out to less than .10 a bottle. Let's assume for purposes of this discussion that it is a fair price. Or, if you like we can double that price and go with .20 a bottle. Now, I am a frequent visitor to a certain sports venue, and I happen to know that this same size bottle is sold there for...hold your breath...$3. Outrageous! Surely, as a business, they can purchase in bulk for less than the everyday price the public pays at grocery stores.
Even assuming .20 for their cost, that means that they are realizing a profit of over 93%. If car dealers were jacking up prices as much, that $30,000 car you have your eye on might have a sticker price that reads $500,000.
Now, for the piece de resistance. My sister, recently returned from a pleasant adventure to Niagara Falls, where she visited a popular tourist trap, told me that a bottle of water was going for $5. That's right, folks. That same little bottle that might not be enough to satisfy your thirst on a hot summer's day, that is worth about .20, is sold for $5. Buy for twenty cents...sell for five dollars. Nice gig if you can get it. Or should I say "sham"?
Why do our governments allow this gouging? I'll tell you why. Government is no longer in the business of protecting or serving the people. They have switched sides and now are in cahoots with the elite, powerful and wealthy. Anything it does that remotely appears to benefit ordinary people is nothing more than a smokescreen to hide the true nature of its workings.
The time has come for us to take back our power. And the robber barons wonder what all the fuss is about on Wall Street and anywhere else they operate. Join one of the many protests and demand an end to the ever-growing gap between rich and poor.
Click here to go to most recent posts.
That works out to less than .10 a bottle. Let's assume for purposes of this discussion that it is a fair price. Or, if you like we can double that price and go with .20 a bottle. Now, I am a frequent visitor to a certain sports venue, and I happen to know that this same size bottle is sold there for...hold your breath...$3. Outrageous! Surely, as a business, they can purchase in bulk for less than the everyday price the public pays at grocery stores.
Even assuming .20 for their cost, that means that they are realizing a profit of over 93%. If car dealers were jacking up prices as much, that $30,000 car you have your eye on might have a sticker price that reads $500,000.
Now, for the piece de resistance. My sister, recently returned from a pleasant adventure to Niagara Falls, where she visited a popular tourist trap, told me that a bottle of water was going for $5. That's right, folks. That same little bottle that might not be enough to satisfy your thirst on a hot summer's day, that is worth about .20, is sold for $5. Buy for twenty cents...sell for five dollars. Nice gig if you can get it. Or should I say "sham"?
Why do our governments allow this gouging? I'll tell you why. Government is no longer in the business of protecting or serving the people. They have switched sides and now are in cahoots with the elite, powerful and wealthy. Anything it does that remotely appears to benefit ordinary people is nothing more than a smokescreen to hide the true nature of its workings.
The time has come for us to take back our power. And the robber barons wonder what all the fuss is about on Wall Street and anywhere else they operate. Join one of the many protests and demand an end to the ever-growing gap between rich and poor.
Click here to go to most recent posts.
Thursday 2 October 2008
On extreme capitalism
I just came across something I posted to a message board a couple of years ago and I like it so much I'm posting it here:
America was founded by people tired of being "oppressed" by others. A nation founded on the principle of freedom. However, with freedom comes competition. And with competition comes great winners and great losers. Those who find ways to win at all costs often destroy weaker competitors, even if only by circumstance. And the strong who acquire power and status are able to circumvent the few rules/laws meant to protect the weak by hiring fast-talking, Harvard-educated, charismatic executives and lawyers. The weak, in desperation, turn to crime or end up on the streets or both. In a dog eat dog world, this polarization is inevitable.
The ultimate example of freedom is nature. And we can learn a lot from observing it. Animals are free to do whatever they please, so long as they are bigger, stronger, have sharper teeth--whatever gives them an advantage over other animals. And what do we see in nature? We see packs of vicious animals preying on the weak, old, young and infirm. And then, even in the winning group, the stronger ones eat first and the most. Pecking order dictates that those most in need, often end up dying.
I contend that while freedom to succeed is a good strategy to promote discovery and invention and therefore a better life for all overall, it does not hold that more freedom means even more success. I believe there is a point that when crossed, it puts people closer to the realm of animal behaviour than we should want. That point is when profit is put ahead of human life.
When pollution is allowed on a scale that causes human illness or death, when water or food supplies are insufficiently tested that threatens human health, when competition is so fierce that the stress causes great numbers to either take meds for life, give up or be unable to find adequate employment, when crime is seen as a viable alternative to the rat race, when landlords have the right to maintain unlivable conditions, when corporations produce defective products that can harm or kill people and do so because lawsuits may be cheaper to settle than the cost of a recall, that point has been crossed. We are behaving like animals.
America was founded by people tired of being "oppressed" by others. A nation founded on the principle of freedom. However, with freedom comes competition. And with competition comes great winners and great losers. Those who find ways to win at all costs often destroy weaker competitors, even if only by circumstance. And the strong who acquire power and status are able to circumvent the few rules/laws meant to protect the weak by hiring fast-talking, Harvard-educated, charismatic executives and lawyers. The weak, in desperation, turn to crime or end up on the streets or both. In a dog eat dog world, this polarization is inevitable.
The ultimate example of freedom is nature. And we can learn a lot from observing it. Animals are free to do whatever they please, so long as they are bigger, stronger, have sharper teeth--whatever gives them an advantage over other animals. And what do we see in nature? We see packs of vicious animals preying on the weak, old, young and infirm. And then, even in the winning group, the stronger ones eat first and the most. Pecking order dictates that those most in need, often end up dying.
I contend that while freedom to succeed is a good strategy to promote discovery and invention and therefore a better life for all overall, it does not hold that more freedom means even more success. I believe there is a point that when crossed, it puts people closer to the realm of animal behaviour than we should want. That point is when profit is put ahead of human life.
When pollution is allowed on a scale that causes human illness or death, when water or food supplies are insufficiently tested that threatens human health, when competition is so fierce that the stress causes great numbers to either take meds for life, give up or be unable to find adequate employment, when crime is seen as a viable alternative to the rat race, when landlords have the right to maintain unlivable conditions, when corporations produce defective products that can harm or kill people and do so because lawsuits may be cheaper to settle than the cost of a recall, that point has been crossed. We are behaving like animals.
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