Merit based economies and capitalism

Discussion in 'Economics' started by Innervoice, Mar 27, 2023.

  1. M.W.

    M.W.

    Because there are millions of people hoping to strike it rich without the slightest regard for anyone else. Many of them equally have zero regard for law and order. The only thing that keeps them from committing outright crimes is the fear of incarceration or getting kicked out right back to where they came from. A large percentage of those would kill their grandma for a million bucks if offered without legal repercussions.

    Here you have your simple answer. Stupid people think they are the lucky one to make it. The tiny intelligent, honest, and hardworking percentage strike it rich and buy themselves and their families what most others can't and raise high fences around everything they accumulate in fear of having it stolen by the mob. The exact same way the existing wealthy already isolate themselves from the rest of society. It is a deliberate system that was built to favor the few powerful and connected while maintaining a huge lie about chances and opportunities for the masses. This might have been different a long time ago but is not the case today.

    Still none of my guess invalidates the facts on the table which is that the US scores shockingly low on most metrics that measure quality of life and happiness. Must Americans (and for that matter a majority of Canadians) can't even survive for 2 or 3 months without paycheck and over 50 percent of the entire population reported that they will operate at a loss if their paycheck decreased by just 200 dollars. Speaking of living on the edge. We are not speaking of a fringe minority or the lazy, we speak here of half of your entire nation.

     
    Last edited: Mar 27, 2023
    #11     Mar 27, 2023
  2. Innervoice

    Innervoice

    Again, your statement is complete and utter nonsense. Why do millions of people try to come to our country on a daily basis? Why arent people flooding into africa, canada, finland, france, mexico, and china?
    Why? Because America is the best country in the world regardless of how you try and spin it.
     
    #12     Mar 27, 2023
  3. M.W.

    M.W.

    I just answered that. Read. It works.

    In fact more people migrated to Canada than the US for the past couple years as measured per capita. Get your facts straight, idiot.

    Nobody spins anything. The metrics are well defined and measured professionally and the sample size is large. Read, don't just believe me, before you make yourself look stupid.

     
    Last edited: Mar 27, 2023
    #13     Mar 27, 2023
  4. Innervoice

    Innervoice

    Canada ??? Yeah, those that cant get into America go to Canada. Canada has always been America’s red headed step child.
    Even Canadian geese stay in America.
     
    #14     Mar 27, 2023
  5. Innervoice

    Innervoice

    My emotions get the best of me when it comes to veterans. Lets leave it to those who are disabled.
     
    #15     Mar 27, 2023
  6. VicBee

    VicBee

    Is that so? In this case Americans caught the creditism flu a long time ago...
    https://www.stlouisfed.org/open-vault/2020/april/snapshot-record-high-household-debt
     
    #16     Mar 27, 2023
  7. Overnight

    Overnight

    I think many of them do it because they want to get the free stuff we offer though our liberal expenditure policies. Many others really do think they can live the American dream, and become the next "Hot Cheetos" guy. They just want the chance!
     
    #17     Mar 27, 2023
  8. Innervoice

    Innervoice

    I agree plus all the freedoms and great medical technology.
     
    #18     Mar 28, 2023
  9. VicBee

    VicBee

    You sound like a formulaic AI right wing bot. Your posts are so unbelievably stupid I think you're a bot.
     
    #19     Mar 28, 2023
  10. piezoe

    piezoe

    Banks do go bust, and when they do, bankers lose their jobs and common share holders lose the money they have invested. That's all very much consistent with Capitalism! But you as a depositor are not an investor, and you won't go bust when your bank does, because you are protected by a strong federalized central bank and other associated protections. If you wanted to reduce your risk of losing your deposited money, the federal protections we enjoy in the United States free you from having to examine your bank's books before you make a deposit, which would be an impractical and intolerable burden on depositors.
     
    Last edited: Mar 30, 2023
    #20     Mar 30, 2023
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