Greedy Capitalism is in the past.

[Pat494]

There is a very well explained video by a reformed Capitalist on the new outlook for prosperity.
https://www.youtube.com/watch?v=th3KE_H27bs

 

[new_trader]

"Learning" about economics from a TED talk...what a joke!

Here is where you need to go: Mises Institute

 

[Pat494]

"Learning" about economics from a TED talk...what a joke!

Here is where you need to go: Mises Institute

No joke !
the Mises Institute is the world's leading supporter ( or so they claim ) of the ideas of liberty and the Austrian School of economics. The Austrian School was dominant years ago, but a bit passe these days. Things may have moved on nowadays. No longer are the fatcats at the top grabbing most of the company's value leaving little for the workers and shareholders.

 

[Pat494]

The new mantra is inclusiveness. That means not leaving certain sections of the public out in the cold while the usual lot are lining their own bank accounts with ever more money.
To obtain a team effort as many as possible must be onboard and rewarded.

 

[Pat494]

Well Corbyn has finally emerged from his shell to slag off the super rich. bad landlords etc.
He may now call himself a Socialist but of course he is still just a creature of the Union bosses living it up in rent free mansions.
Anyone for croquet ?

 

[0007]

A new kind of capitalism - or any other moral code for that matter? What on earth makes anyone think that human nature has/will change – it hasn't done since time immemorial!

 

[Pat494]

I have no problem with the rich being wealthy as long as the poor of the country are not desperately poor. This would apply to many tin pot republics where the local dictator lives in luxury while the majority starve. Spread the wealth around imho. Britain just avoided a revolution in the past by giving just enough to the many poor to avoid complete revolution. Sods like Ceausescu tried to stay in power by force and was deposed with force. Roll on inefficient democracy, it has its merits bumbling along at snail's pace.

 

[new_trader]

I have no problem with the rich being wealthy as long as the poor of the country are not desperately poor. This would apply to many tin pot republics where the local dictator lives in luxury while the majority starve. Spread the wealth around imho. Britain just avoided a revolution in the past by giving just enough to the many poor to avoid complete revolution. Sods like Ceausescu tried to stay in power by force and was deposed with force. Roll on inefficient democracy, it has its merits bumbling along at snail's pace.

You are just rambling and it's painfully obvious you don't understand even basic economics. Not to worry though, Youtube can help.

 

[Pat494]

I understand very well what a cruel and heartless system extreme capitalism is.
It's people that are important. Extreme capitalism is only concerned with money. EC ravages the planet's natural resources and fouls up the atmosphere with greenhouse gases. There is enough to go around as long as the few are not hogging such a large share for themselves and delivering mere crumbs for the less fortunate. I see tough times ahead as people are increasingly being replaced by machines. One can't eat gold etc.
Have some feelings for your fellow man or suffer the results. Look after our only planet and nurture it, it's all we have.

 

[timsk]

You are just rambling and it's painfully obvious you don't understand even basic economics. . .

Poor ol' Pat; he's gonna start to think that everyone's getting at him as I've made similar comments about him on his 'ART - not just pretty pics' thread!

Chin up Pat - we love you really!
😛

 

[J Livermore]

I have no problem with the rich being wealthy as long as the poor of the country are not desperately poor. This would apply to many tin pot republics where the local dictator lives in luxury while the majority starve. Spread the wealth around imho. Britain just avoided a revolution in the past by giving just enough to the many poor to avoid complete revolution. Sods like Ceausescu tried to stay in power by force and was deposed with force. Roll on inefficient democracy, it has its merits bumbling along at snail's pace.

Pat,

You can not help the poor (as a group) until they freely choose to use birth control on their own.

 

[tomorton]

I only watched the clip a few seconds - as far as it took me to find out from Wikipedia the guy is mega-rich. I could not stomach any more lecturing on the ills of capitalism after that.

 

[Pat494]

Pat,

You can not help the poor (as a group) until they freely choose to use birth control on their own.

The poor won't accept that their numbers are limited while the rich need not bother.
Besides it's someone else's problem when one feels extra randy at 2 a.m. !!
If the limit is set at 2 children per couple then the population would gradually decrease.
As the problem gets worse and worse the need for nastier measures gets greater and greater.
They can't all come to Europe.

 

[J Livermore]

The poor won't accept that their numbers are limited while the rich need not bother.
Besides it's someone else's problem when one feels extra randy at 2 a.m. !!
If the limit is set at 2 children per couple then the population would gradually decrease.
As the problem gets worse and worse the need for nastier measures gets greater and greater.
They can't all come to Europe.

Pat,

I wasn’t talking about limiting the poors’ number of children. Birth control is not forced sterilization. If they waited until they had more money behind them they could better afford a child in the future. Is Britain’s economy so bad that a poor person can’t improve himself or make his way up to the middle class?

As far as what you want, you will never get forced sterilization in the UK. Not unless a powerful dictator came to power. If that were the case you would have so many problems you wouldn’t care about overpopulation.

 

[tomorton]

I'm not qualified to tell anyone they should or shouldn't have children but if you have them you have to meet the consequences and so do your children.

So a great way to remain poor would be to have children within a single-parent household, in which the parent cannot take up significant employment. Or to bring children into a conventional two-parent household in which neither is employed.

We must all accept that poverty's not a crime, as it would be quite evil to criminalise the poor. But therefore nor can it be a crime that a person makes choices that leave them poor. Nor that they have children who will also be poor. But it isn't my responsibility to make them not poor any more. We're all free to make choices, and some choices will be bad.

 

[Pat494]

Capitalism likes poor people. They are more likely to work for cheap wages just to survive.
However it much prefers robots who just have maintenance costs. Great for the factory owner but no good to the unemployed. Capitalism has no feelings of sympathy etc. just plain greed scores highly for the super rich.
The rich in Brazil are living in fear of the poor mob. They buy security inside walled compounds with armed guards, they are so unpopular. It would be in their better interests to share the wealth with the poor more.

 

[new_trader]

Capitalism likes poor people. They are more likely to work for cheap wages just to survive.

How does anyone get rich if Capitalism likes poor people?
Who are 'they'?

However it much prefers robots who just have maintenance costs. Great for the factory owner but no good to the unemployed.

In your Fairy Tale, how did the wicked factory owner of the West end up owning the factory? Was s/he ever poor or in your story did it just happen?

Capitalism has no feelings of sympathy etc. just plain greed scores highly for the super rich.
The rich in Brazil are living in fear of the poor mob. They buy security inside walled compounds with armed guards, they are so unpopular. It would be in their better interests to share the wealth with the poor more.

So you fully endorse extortion?

 

[tomorton]

Capitalism succeeds when it makes more profit. The richer people are, the more stuff they want, the more they spend, the richer the producers and retailers and shippers and miners and truckers and builders and road builders.

Capitalism fails if it tries to become communism. A state in which nobody works to produce anything because they have all been replaced by robots is a Marxist dream. The state would simply have to allocate resources to the citizens based on their own social designs, not according to their value to society or in any meritricious way. The state-controlled production factories would be starved of innovation and investment because there would be no point - nobody's got any money to buy anything.

Sounds like the USSR in the 1970's. And we all know what happened to them.

 

[cantagril]

How does anyone get rich if Capitalism likes poor people?
Who are 'they'?
Um, just a wild guess but "the poor"?
In your Fairy Tale, how did the wicked factory owner of the West end up owning the factory? Was s/he ever poor or in your story did it just happen?
Possibly, but if said factory owner now employs/exploits hundreds of workers then that's a fairly significant Wealth to Poverty ratio
So you fully endorse extortion?

I'm an ex-offender in the sense that I did once have a factory in a third-worldy type of place and employed a hundred odd locals, of whom I'd say 90 were outright poor. Capitalism allowed me to make quite a lot of money whilst my employees merely subsisted. Mea Culpa.

Edit: I forgot to mention that in no stretch of the imagination could I have ever called myself poor.......except perhaps for a brief window just after the 1st Mme Canta decided that Divide and Leg-It was a good strategy.

 

[Signalcalc]

I'm an ex-offender in the sense that I did once have a factory in a third-worldy type of place and employed a hundred odd locals, of whom I'd say 90 were outright poor. Capitalism allowed me to make quite a lot of money whilst my employees merely subsisted. Mea Culpa.

Edit: I forgot to mention that in no stretch of the imagination could I have ever called myself poor.......except perhaps for a brief window just after the 1st Mme Canta decided that Divide and Leg-It was a good strategy.

Were those outright poor workers worse than outright poor before they started work in your factory?