While it's a thought provoking video, I believe it is far to elementary in its message, at least as it pertains to modern day American Capitalism and the unskilled labor force.
I love capitalism and think it's the only form of economic model that gives everyone a chance to achieve their dreams. Problem is that America is no longer a capitalist economy. Truth is that the unskilled labor force is exploited in this country. It's exploited because the government, at the bequest of these very workers, came out with a minimum wage. What the minimum wage does is essentially do the dirty work for corporate America by setting the expectation of what will be offered to entry level workers. In essences it eliminates the need for the massive collusion that would be necessary for thousands of individual companies to know what is being offered by competitors in terms of pay.
Once you know where the bar is set then why would you offer anything significantly different from that to secure an entry level employee? And, since wages for unskilled labor all start with the same baseline, the whole unskilled wage structure grows from this mandated number.
(05-25-2017 09:32 PM)South Carolina Duke Wrote: Dexter, does your boss ( dad) exploit his workers? I doubt it.
Nope, he tries his hardest to award those who work for him as to keep them from leaving to competition. I actually got fired though, but I deserved to be.
(This post was last modified: 05-25-2017 09:42 PM by DexterDevil.)
Is capitalism really at fault for that though? Not culture? Not the company itself? Not the employee for not sticking up for herself and saying no more to so much work?
Capitalism isn't a living thing, it's a concept and it's at the mercy of people. I'm no Marxist, but he had pretty good analysis about the evolution of these concepts and their what would cause them to end due to inherent flaws.
So I think asking whether or not the concept of capitalism is exploitative is asking the wrong question. I believe that concepts of capitalism, socialism, or communism hardly last a week when faced with implementation. How long can capitalism last before people start exploiting is the question.
As an aside, I would like to see a study on the psychological effects of differing economic philosophies though.
(This post was last modified: 05-25-2017 11:58 PM by nomad2u2001.)
Overworked? It's Japan, he/she is, or was, free to move on to another job somewhere, or crawl back to mommy and daddy.
Likely his incompetence led him to off himself, good news is the gene pool will grow stronger.
(05-25-2017 11:52 PM)nomad2u2001 Wrote: Capitalism isn't a living thing, it's a concept and it's at the mercy of people. I'm no Marxist, but he had pretty good analysis about the evolution of these concepts and their what would cause them to end due to inherent flaws.
So I think asking whether or not the concept of capitalism is exploitative is asking the wrong question. I believe that concepts of capitalism, socialism, or communism hardly last a week when faced with implementation. How long can capitalism last before people start exploiting is the question.
As an aside, I would like to see a study on the psychological effects of differing economic philosophies though.
Guess my view on capitalism is biased due to it being the system that gave my family the ability to leave poverty, where my love and respect for my father comes from is how much he puts back into the poverty stricken city we came from. As for those systems failing due to implementation, is that due to government? Human nature?
Overworked? It's Japan, he/she is, or was, free to move on to another job somewhere, or crawl back to mommy and daddy.
Likely his incompetence led him to off himself, good news is the gene pool will grow stronger.
I think blaming incompetence is wrong, it's built into their culture, it's such a large part of why their birth rate has been lowering so much and why their suicide rate is so much higher.
(05-25-2017 11:52 PM)nomad2u2001 Wrote: Capitalism isn't a living thing, it's a concept and it's at the mercy of people. I'm no Marxist, but he had pretty good analysis about the evolution of these concepts and their what would cause them to end due to inherent flaws.
So I think asking whether or not the concept of capitalism is exploitative is asking the wrong question. I believe that concepts of capitalism, socialism, or communism hardly last a week when faced with implementation. How long can capitalism last before people start exploiting is the question.
As an aside, I would like to see a study on the psychological effects of differing economic philosophies though.
Guess my view on capitalism is biased due to it being the system that gave my family the ability to leave poverty, where my love and respect for my father comes from is how much he puts back into the poverty stricken city we came from. As for those systems failing due to implementation, is that due to government? Human nature?
(05-25-2017 11:52 PM)nomad2u2001 Wrote: Capitalism isn't a living thing, it's a concept and it's at the mercy of people. I'm no Marxist, but he had pretty good analysis about the evolution of these concepts and their what would cause them to end due to inherent flaws.
So I think asking whether or not the concept of capitalism is exploitative is asking the wrong question. I believe that concepts of capitalism, socialism, or communism hardly last a week when faced with implementation. How long can capitalism last before people start exploiting is the question.
As an aside, I would like to see a study on the psychological effects of differing economic philosophies though.
There is no perfect system. Capitalism provides opportunities to improves ones condition but it comes at a price of constant booms and busts. One person must be exploited for another to improve their situation.
(This post was last modified: 05-26-2017 04:50 AM by swagsurfer11.)
(05-26-2017 04:46 AM)swagsurfer11 Wrote: There is no perfect system. Capitalism provides opportunities to improves ones condition but it comes at a price of constant booms and busts. One person must be exploited for another to improve their situation.
As opposed to socialism where nobody improves their position and everyone is exploited.
Well, except for the political elite. They always seem to live high on the hog in socialist systems.
(05-26-2017 04:46 AM)swagsurfer11 Wrote: There is no perfect system. Capitalism provides opportunities to improves ones condition but it comes at a price of constant booms and busts. One person must be exploited for another to improve their situation.
Simply not true.
The booms and busts come more from external influences, primarily governmental, than from capitalism itself. And capitalism is hardly the only system to experience booms and busts.
And the exploitation stuff comes from a failure to understand market forces.
(05-25-2017 08:43 PM)banker Wrote: While it's a thought provoking video, I believe it is far to elementary in its message, at least as it pertains to modern day American Capitalism and the unskilled labor force.
I love capitalism and think it's the only form of economic model that gives everyone a chance to achieve their dreams. Problem is that America is no longer a capitalist economy. Truth is that the unskilled labor force is exploited in this country. It's exploited because the government, at the bequest of these very workers, came out with a minimum wage. What the minimum wage does is essentially do the dirty work for corporate America by setting the expectation of what will be offered to entry level workers. In essences it eliminates the need for the massive collusion that would be necessary for thousands of individual companies to know what is being offered by competitors in terms of pay.
Once you know where the bar is set then why would you offer anything significantly different from that to secure an entry level employee? And, since wages for unskilled labor all start with the same baseline, the whole unskilled wage structure grows from this mandated number.
![[Image: pic%5CS%5CO%5CSoviet%20labor%20camp%20workers.jpg]](http://www.encyclopediaofukraine.com/pic%5CS%5CO%5CSoviet%20labor%20camp%20workers.jpg)
