Will Capitalism Survive/Fix This?

Discussion in 'Economics' started by tommo, Dec 5, 2016.

  1. luisHK

    luisHK

    Talking about time machine now, the ultimate weapon of twisted capitalists. At 5pm they send back their workers to 9am to do another day of work while storing their production in a separate dimension and paying them wages for a never ending single day. Be very aware.
     
    #71     Dec 7, 2016
  2. Banjo

    Banjo

    #72     Dec 8, 2016
  3. piezoe

    piezoe

    equality of what??? Capitalism we understand. But the word equality is meaningless without qualifying it.
     
    #73     Dec 8, 2016
  4. java

    java

    Equal poverty for all. Has nothing to do with capitalism. It is a fantasy world which cannot exist some advocate outside of capitalism.
     
    #74     Dec 8, 2016
  5. piezoe

    piezoe

    That's pointless. There is no one advocating for poverty.
     
    #75     Dec 8, 2016
  6. java

    java

    Compared to how I live now,the result of their attempt at equality will be what I consider today to be poverty. And it will be shared by all.
     
    #76     Dec 8, 2016
  7. piezoe

    piezoe

    As you know when someone speaks of social equality they are invariably referring to equality under the law. Not equality in the sense that everyone should be exactly 6 feet tall, or everyone should make exactly the same amount of money, or whatever. There is no one that thinks we should be equal, or can be, other than before the law. And most of us know that that's never happened either. So this whole idea of "equality" when it comes to societies, other than meaning we ought to be striving for equality under the law, is rather absurd. We all know that we are inherently unequal. And there is nothing we can do that is going to change that. And that's rather a good thing don't you think. How would you like it if you were a carbon copy of me. You would hate that, and I would too.

    So when people say we are not leaving enough capital with the middle class, they are not talking about equality, they are talking about not leaving enough capital with the middle class. When people express concern over growing wealth disparity, they are not presupposing we should all have equal wealth, they are calling attention to the unhealthy affect on society of a wealth disparity that reaches extreme levels.
     
    Last edited: Dec 8, 2016
    #77     Dec 8, 2016
  8. java

    java

    Extreme by it's very definition is rare and unsustainable.
     
    #78     Dec 8, 2016
  9. piezoe

    piezoe

    That's right. So knowing that the unsustainability of "extremes" could lead to undesirable consequences, it is wise to consider adopting policies that could move a society away from destabilizing extremes.
     
    #79     Dec 8, 2016
  10. java

    java

    By removing the extremes you are removing the polar pillars of stability. Do what you want if it makes you feel better, but you don't get any brownie points from me for dragging me through your journey to a fantasy land which doesn't exist but my bill is more than just taking you to Disneyworld where you would probably still find inequality for some reason.
     
    #80     Dec 9, 2016