Are you a capitalist or a socialist? What matters most to you, profits or your family?
When answering don't forget capitalism is a relatively new venture on behalf of humankind don't get caught up in the short history of the idea..
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StrictSouthernHOH · 46-50, M
I am 100% capitalist. Socialism is designed to ensure that everyone is equally poor and miserable. It may sound good in theory, but it has failed everywhere it has been tried for one simple reason: eventually you run out of other people's money. Capitalism rewards work and success. Socialism punishes the same while rewarding mediocrity.
ViciDraco · 41-45, M
@StrictSouthernHOH capitalism doesn't reward work. It rewards exploitation. The hardest workers often make the least, while the people who make the big money are the ones that have their money do the work for them. It's a backwards system that elevates the few by their ability to profit from the underpaid labors of the many.
Socialism is when the laborers own the factory they work in. Socialism is democracy in the workplace.
Socialism is when the laborers own the factory they work in. Socialism is democracy in the workplace.
StrictSouthernHOH · 46-50, M
@ViciDraco What happens to the workers when all of their employers are taxed and regulated so much that they go bankrupt? The workers becomes unemployed. How does that help them?
ViciDraco · 41-45, M
@StrictSouthernHOH tax rate and regulation have nothing to do with socialism. Socialism vs Capitalism is about who owns the means of production. In capitalism it is the people who own the money (capital). In socialism it is the people who perform the labor.
If you want to get into how society functions under high tax rate and regulation, that is a different topic. But the cheapening of automation means jobs are going away no matter what the taxes and regulation are. Manufacturing has been returning to the US, but jobs have not. The new factories hire only a handful of what older factories once required. Jobs are disappearing either way you look at it.
If a business is unable to exist without paying employees a quality wage, they should not exist. If any business hires even a single minimum wage worker or contractor, their CEO or owner should not earn hundreds of thousands to millions of dollars. If capitalism cannot function under such basic human decency, then it is time to kick it to the curb. Society will be just fine without the existence of billionaires.
If you want to get into how society functions under high tax rate and regulation, that is a different topic. But the cheapening of automation means jobs are going away no matter what the taxes and regulation are. Manufacturing has been returning to the US, but jobs have not. The new factories hire only a handful of what older factories once required. Jobs are disappearing either way you look at it.
If a business is unable to exist without paying employees a quality wage, they should not exist. If any business hires even a single minimum wage worker or contractor, their CEO or owner should not earn hundreds of thousands to millions of dollars. If capitalism cannot function under such basic human decency, then it is time to kick it to the curb. Society will be just fine without the existence of billionaires.
StrictSouthernHOH · 46-50, M
@ViciDraco There are no employees (laborers) in a capitalist society? Laborers exist under both systems. However, capitalism allows laborers to gain experience, skill and wealth so that they can improve their financial position. Socialism takes from those who produce and gives to those who do not. Where is the incentive for hard work and taking prudent financial risk when laziness is rewarded virtually equally?
Jouselet · 26-30, F
@StrictSouthernHOH the humanisation of a perfectly good idea!
ViciDraco · 41-45, M
@StrictSouthernHOH You need to actually go study what socialism is, and not just listen to conservative talking points. Socialism isn't about redistribution, it is about laborers owning the fruits of their labor. Capitalism steals the profit from laborers. Capitalism redistributes wealth to the already wealthy on a massive scale.