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originally posted in: "Capitalism simply isn't working"
4/21/2014 12:18:44 AM
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Capitalism is doing the same thing it always does: demand competition. It's just people don't utilize their ability to compete properly, and sit on the wayside. A few "big fish" can then bully "little fish" around, and the "little fish" don't always do everything they can to stop the bullying. Right now, a good amount of people think that making everyone "little fish" will help, but they want a "bigger fish" to do it. [spoiler]And what happens when this biggest fish is alone with the little fish, and the little fish don't know how to fight for themselves? I'll give you a hint, these fish like to wear crowns. [/spoiler]
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  • It doesn't become any more functional just because you decide to blame poor people.

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  • It doesn't become any more functional just because poor people blame their problems on the rich. Very few rich people can actually block competition, partially thanks to the interventions of governments, but mostly thanks to simply not having the ability to stop a competitor. However, it seems like fewer competitors are entering the market, and that allows the rich to suck out wealth that they normally couldn't afford to do. Do the actions of the rich help very many people? Yes and no. Creating the business helps many, along with the wealth they can now reinvest, but not reinvesting hurts quite a bit. Do the actions of the poor help many people? No, not enough are trying to get their own wealth, I mean well and truly trying. Only sometimes does circumstance prevent prosperity, but when people only think they deserve it, without trying to earn (and keep) it, then they shall never achieve it. Every once in awhile, a rich person will lose everything because they thought their wealth was a given. And a poor person will be there to push them off and take their place, a poor person who knows how quickly everything can be lost, and how slowly it takes to safely build themselves up.

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  • Edited by Seggi: 4/21/2014 12:56:41 AM
    [quote]It doesn't become any more functional just because poor people blame their problems on the rich.[/quote] Obviously: that's just pointing out the way it's dysfunctional, not actually solving that problem. [quote]Only sometimes does circumstance prevent prosperity[/quote] hahahahahaha, oh man, your entire post was stupidly misguided, but this bit's a real pearl

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  • The misguided are those that think that they cannot become prosperous because of someone else. Most people of First World countries (the general group I had in mind) are capable of generating a comfortable amount of wealth. It would be stupid to think that everyone can get whatever they want, but they can live in reasonable comfort. Some will be in luxury, while others would just be plain rich. Obviously, some people will be poor because of things they can't control, and should be helped by others. People are capable of doing this by, quite simply, controlling themselves and their money, and knowing how to handle both. Education provided by the State (State meaning nation) is a rather new idea, before which people had to either go to University for an education, or find it on their own. Many people did find their own, or worked from nothing to go to a University, and many of these people did well for themselves. Most of these people never saw an electric light bulb, so what's keeping the people who have access to the internet back? It's not the rich. It's themselves. The people with the drive to succeed either make a good living, or make a mistake and have to start again. The people who don't try to educate themselves, or expect special treatment for birth or condition are trampled by everyone else. Just to be clear, Pure Capitalism is boiled down to this: Everyone Vs. Everyone, with the winners being those that can survive. Now tell me, if I am misguided, what is the actual way of things? I propose that the poor learn how to lift themselves up and force the rich to relinquish the power the poor had given them. And then do just that. What do you propose?

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  • Your approach is misguided because you're trying to apply your ignorant behavioural judgements to some kind of macroeconomic significance that doesn't really exist. It's also pretty dumb because you clearly haven't read anything about Piketty's work: the thing he's talking about is the accrual of wealth, not income inequality. Inherited fortunes aren't 'earned' through hard and valuable work, they just go to people who were lucky enough to be born to incredibly rich parents.

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  • Inherited fortunes are kept through hard work. And most people [u]don't [/u] inherit their fortune.

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  • So you still haven't read anything about Piketty's work.

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