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  1. #1
    Master of useless knowledge Senior Member Kitten Shooting Champion, Eskiv Champion Ironside's Avatar
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    Default Re: Capitalism Doesn’t Work

    Quote Originally Posted by Seamus Fermanagh View Post
    You're framing things better in that you aren't exempting capital gains (though taxing capital gains equally will have a chilling effect on investment), cutting out some of the shenanigans, but the issue is not income but wealth.
    Is that's the excuse for the blatant regressive tax system for any rich person with half a brain? Aka "let's run with 15% tax rate on capital gains and wonder why every rich man in Amercia pays less taxes than the average American".

    I'll counter with that capital gains are the largest wealth accumulation system and that to have any profits from wealth, you'll need to invest anyway.
    We are all aware that the senses can be deceived, the eyes fooled. But how can we be sure our senses are not being deceived at any particular time, or even all the time? Might I just be a brain in a tank somewhere, tricked all my life into believing in the events of this world by some insane computer? And does my life gain or lose meaning based on my reaction to such solipsism?

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  2. #2

    Default Re: Capitalism Doesn’t Work

    Mayhap the pursuit of profit in the age of oligarchic supply and "too big to fail" is cheapening life.

    For example: is Big Pharma out to kill us?:
    http://www.thedailybeast.com/article...d-suicide.html
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  3. #3

    Default Re: Capitalism Doesn’t Work

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  4. #4
    Part-Time Polemic Senior Member ICantSpellDawg's Avatar
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    Default Re: Capitalism Doesn’t Work

    As always, Capitalism only "doesn't work" relative to the problem that it is meant to solve. If the goal was to harvest workers for decreasing amounts of pay and to re-institute indentured servitude, further entrenching oligarchy, voila.

    The American worker is like a Turkey. The American Capitalist is like a farmer.
    Every day, when the Farmer comes in to feed the Turkey, the Turkey is further cemented into the belief that farming exists to support Turkeys and feed them so that they can grow. They realize on the day before Thanksgiving that their ideas couldn't have been further from the truth.

    I have always viewed financial crisis as the culling time of capitalism. Not an unexpected occurrence that is anomalous to the system, but the culmination of greed and crushing boot-on-neck that the system is built for. A bank robber could notice that nobody would put their money in a bank if they robbed it daily, which would also be a tremendous workload and personal peril for the robber. Better for the robber to encourage stability for a long time to consolidate all of the efforts of people so that, maybe just once per year they could come in for the harvest.

    People are the chaff; that their byproducts exist at all is the reason, like the proliferation of cows, that our masters allow us to exist all all. The day that robots can produce at a level that adequately serves the obermench, is the day that they will begin to purge us off of this earth.

    So, yea - Capitalism works just fine.
    Last edited by ICantSpellDawg; 06-25-2014 at 13:52.
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    Default Re: Capitalism Doesn’t Work

    People are the chaff; that their byproducts exist at all is the reason, like the proliferation of cows, that our masters allow us to exist all all. The day that robots can produce at a level that adequately serves the obermench, is the day that they will begin to purge us off of this earth.
    How melodramatic.

    But there's no reason to suspect this level of conspiracy, or even the capacity to fulfill it were it to exist.
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  6. #6
    Part-Time Polemic Senior Member ICantSpellDawg's Avatar
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    Default Re: Capitalism Doesn’t Work

    Quote Originally Posted by Montmorency View Post
    How melodramatic.

    But there's no reason to suspect this level of conspiracy, or even the capacity to fulfill it were it to exist.
    No conspiracy alleged. That would be like saying that there is a conspiracy of gravity to hold you down. What I'm alleging is a force of nature. What is the value of individuals, how is it valued and why? The answer is more subjective than is comfortable.
    Last edited by ICantSpellDawg; 06-26-2014 at 01:16.
    "That rifle hanging on the wall of the working-class flat or labourer's cottage is the symbol of democracy. It is our job to see that it stays there."
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    "If the policy of the government, upon vital questions affecting the whole people, is to be irrevocably fixed by decisions of the Supreme Court...the people will have ceased to be their own rulers, having to that extent practically resigned the government into the hands of that eminent tribunal."
    (Lincoln's First Inaugural Address, 1861).
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  7. #7
    Old Town Road Senior Member Strike For The South's Avatar
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    Default Re: Capitalism Doesn’t Work

    The problem is we've spent the last half century perfecting production to the point where we have massively cut the number of hours of labor (both physical and mental) requried. Less labor=more profit which general doesn't (to use a cliche) trickle down. I don't think this is some grand conspiracy, no one is that smart or that organized. I do, however, think it's at least partially for the reason of the 1% and the breaking of regulations built up during the industrial age.

    People with money realize they can increase their profits without having to rely on labor like they once did so they mobilize to make labor cheaper and less intrusive on their business model. I think some of them truly beilvie they will be able to "create jobs" while others are thinking about their bottom line (understandable).

    The fact is we may very well be looking at a world with simply less labor to go around. Not that this is necessarily a bad thing. People today (in the west) have much more stuff and live eaiser lives than their forefathers. Now, granted, the concentration of wealth (mainly property) is continuig to fall into fewer and fewer hands but on the whole I have more than my father and grandfather did before.

    The problem is I have "stuff" while they had "wealth" Things like property and resources are outpacing real dollars while the price of stuff continues to fall, perhaps giving us the illusion of plenty

    IDK this is cutting into beer time

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  8. #8

    Default Re: Capitalism Doesn’t Work

    Quote Originally Posted by HopAlongBunny View Post
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