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Thread: Is U.S. Capitalism On The Brink Of Collapse?

  1. #201
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    Quote Originally Posted by Ultralight View Post
    Why does this sound so familiar...?
    Because years of moral relativism take their toll?

  2. #202
    Senior Member Williamsmith's Avatar
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    Quote Originally Posted by LDAHL View Post
    Yes. Life in New Jersey is nearly indistinguishable from that in Novosibirsk.

    Here’s a hint on how to spot one subtle difference. Move to China and try to post about Mr Xi similar to the way you post about Mr Trump.
    Im not sure what pure free market capitalism has to do with free speech. Unless you are talking buying politicians votes with “lobbyist” money.

  3. #203
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    Capitalism is not based on free speech, our Constitution supposedly guarantees free speech, not the market.

  4. #204
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    Die-hard Capitalists will say the free market provided the rain at the end of a long drought.

  5. #205
    Simpleton Alan's Avatar
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    Quote Originally Posted by Ultralight View Post
    Die-hard Capitalists will say the free market provided the rain at the end of a long drought.
    What would you replace capitalism with?
    "Things should be made as simple as possible, but not one bit simpler." ~ Albert Einstein

  6. #206
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    Quote Originally Posted by Alan View Post
    What would you replace capitalism with?
    There will be no replacing capitalism in America.

  7. #207
    Senior Member Williamsmith's Avatar
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    There is an assumption by some that if a person talks about the demise of capitalism, there must be an insinuation that a revolution is imminent. The current conditions do appear to many that our economy is pregnant and expecting. But it seems unlikely that revolution in the sense of a violent proletariat uprising is even feasible. So what is the future for our capitalism? Status quo....where the income of the wealthiest doubles and triples while the income of the lowest 50% remains stagnant? Is that an acceptable outcome for our great capitalist system? Or is it more likely that capitalism will be poured into ice or mixed with ginger ale instead of being consumed straight up?

    What Does Late Capitalism really mean?


  8. #208
    Senior Member Williamsmith's Avatar
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    Apparently the richest capitalist in the world has a conscience after all. But perhaps his shareholders are going to hate him. Amazon is raising its minimum wage to $15 per hour and lobbying the federal government to raise its paltry $7.25 per hour minimum wage. Amazon will do this for all its employees whether they are seasonal, part time or full time.

    Besos also challenged his competitors to do the same. Huh. Is this simply a public relations ploy by Besos? Is he working to reduce his workforce by research and development of robotics? Are those that say the minimum wage is a job killer right because it incentivizes a company to look for ways to eliminate workers in the manufacturing and processing systems?

    A moderate increase in the minimum wage should have an immediate benefit for many workers and not a negative impact on the economy. Especially when corporate America has been benefiting from federal tax policy since Trumps election. Is this another step toward making America great again or just one step forward or , two steps back later. We will see.

    https://www.usatoday.com/story/money...es/1495473002/

  9. #209
    Senior Member catherine's Avatar
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    Quote Originally Posted by Williamsmith View Post
    Apparently the richest capitalist in the world has a conscience after all. But perhaps his shareholders are going to hate him. Amazon is raising its minimum wage to $15 per hour and lobbying the federal government to raise its paltry $7.25 per hour minimum wage. Amazon will do this for all its employees whether they are seasonal, part time or full time.
    Bernie has been on leaning heavily on his case for a while, and just yesterday reported that employees of Whole Foods are trying to organize a union because they're afraid that Bezos is going to "Amazon" their company. So maybe Bezos is simply succumbing to political pressure--and the threat of his employees organizing.

    https://www.theguardian.com/business...-grocery-chain
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  10. #210
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    WS, that’s great news!

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