General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIs the lack of jobs the fault of government or the capitalist system??
Businesses in this country are sitting on about $2 trillion dollars in cash. They are not investing. They are not creating jobs. They have made record profits for a long time. They have made every excuse in the world as to why they are not investing in jobs. They keep asking for more and more tax cuts. And the deficits keep getting larger and larger and jobs keep declining.
So who is to blame for the lack of jobs? Does the government really have too much regulation on business? Are they truly prohibited from making a profit and creating more jobs? Or do they prefer to make money on Wall Street rather than the old-fashioned way, creating jobs and products from labor?
This is really a part of Mitt Romney's argument for more taxcuts and less support for those that are being screwed by the system. They have no plans to close tax loopholes if it increases their tax obligations, contrary to what they say in their political speeches.
elleng
(130,126 posts)NOT too much regulation. (I was a regulater; I know something about it.) They are not prohibited from making profit; they're sitting on it. PART of the problem is uncertainty due to capricious congress, NEVER know what they're going to decide to do (or not to do.)
snot
(10,478 posts)for the rest of the world to get richer (levelling the playing field);
for labor and environmental protections to be established in the rest of the world (further levelling the playing field); and
for worldwide regulation to the effect that if you work for an hour, you get an hour's worth of benefits (or else adopt single-payer healthcare worldwide, etc.) not only further levelling the playing field, but also removing current incentives to either squeeze 60 - 70 hrs of labor per wk out of each employee or to maximize part-timers who get no benefits.
And I think we will get all of these, eventually; but I have no idea how long it will take.
aletier_v
(1,773 posts)Higher productivity == less time needed for work.
Over time, real work declines. The US had a sixty-hour workweek after the Civil War, which declined to a 48-hour workweek until the Great Depression, which gave us today's 40-hour workweek.
U.S. can fix the unemployment problem easily by replacing "40 hours" with "36 hours" in the current laws. A 36-hour workweek would generate 10 million jobs.
Romney and his fellow fucks are too greedy to realize that they really are the problem.
LiberalEsto
(22,845 posts)in order to make Obama look bad
kentuck
(110,950 posts)that we do not believe $2 trillion dollars in stocks is the best way to use collateral. We need to make stuff. Stuff is made by people - people with jobs. We believe that if businesses do not feel the obligation to use their profits more productively, then the people have a right to levy a tax on those profits from their labor or on the profits of Wall Street investments. We do not believe that capital gains should be favored over common income and should be taxed the same, without favoritism from our political system.
hifiguy
(33,688 posts)Social democracy is the only hope for the long term survival of the human race.
Marrah_G
(28,581 posts)Government has allowed capitalism to be almost completely unregulated. This has lead to the loss of many industries.
reformist2
(9,841 posts)It's only a bad thing because of our old-fashioned mindset that says everyone has to work fulltime in order to "earn" a living. What if everything is being made by machines??
kentuck
(110,950 posts)..to figure out the best solution if that is the case.