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In reply to the discussion: "Sorry, It's Not a 'Law of Capitalism' That You Pay Your Employees as Little as Possible. It's..." [View all]branford
(4,462 posts)67. I completely agree.
The mitigation of the excesses and foibles of capitalism is precisely the role of government. The solution, however, is not the elimination of capitalism.
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"Sorry, It's Not a 'Law of Capitalism' That You Pay Your Employees as Little as Possible. It's..." [View all]
Hissyspit
Aug 2013
OP
My brother is in the same boat. He worked for many years as a civilian ship radio operator, and
Nay
Aug 2013
#40
My bro will apply for SS next year; he's got that long to wait for age 62. He has worked all
Nay
Aug 2013
#69
no, it's a law. the article is kind of silly, i think. competition of various kinds makes it a law
HiPointDem
Aug 2013
#3
Here in NYC, I think people just expect you to be preoccupied when walking on the street.
branford
Aug 2013
#106
Capitalism is the economic system in all first-world (and most other) countries, not just the USA.
branford
Aug 2013
#145
no, they're countries that were deliberately & forcefully *undeveloped* by british (& later US)
HiPointDem
Aug 2013
#100
"China and India are currently the perfect examples." That's an ironic comment, given the history.
HiPointDem
Aug 2013
#91
Capitalism *does* prevent it. For example, the Green Bay Packers were a successful community-
HiPointDem
Aug 2013
#95
capitalism has not lifted people out of poverty. it has lifted the general standard of living &
HiPointDem
Aug 2013
#87
how about the type of social safety net system like they have in Northern Europe and Scandinavia
CreekDog
Aug 2013
#114
So we should rid capitalism of unions, safety and environmental regulations and minimum-wage laws?
Enthusiast
Aug 2013
#138
Respectfully, did you even read my full, original post, no less any of the follow-ups?
branford
Aug 2013
#143
Competitors already exist, so barriers to entry are immaterial. If walmart raises wages,
HiPointDem
Aug 2013
#113
maybe no one. but competitors are multiple, and all can steal market share. which reduces
HiPointDem
Aug 2013
#119
maybe. maybe not. walmart apparently feels differently. do you think it's sheer bloody-mindedness
HiPointDem
Aug 2013
#122
motto of capitalism = grow or die. if you're not making at least that 3% growth, you're dying.
HiPointDem
Aug 2013
#126
What does growing have to do with paying your employees as little as legally possible?
Hippo_Tron
Aug 2013
#128
there's growth & there's growth. costco is a pygmy compared to walmart & a kind of niche
HiPointDem
Aug 2013
#136
The author isn't a critic of capitalism, he's an Oppenheimer/Merrill Lynch shill who got busted
HiPointDem
Aug 2013
#118
Tell that to the formerly destitute rural Chinese who now have electricity and medical care.
branford
Aug 2013
#34
It is a law of capitalism that paying people as little as possible can cause business failure
Coyotl
Aug 2013
#39
this is mythology. they never tell you how ford subsequently *lowered* wages.
HiPointDem
Aug 2013
#96
No, he was not a great guy, he wasn't even a human being by any civilized standard,
Egalitarian Thug
Aug 2013
#103
I read your link. The suit wasn't about wage levels. The suit was about ford not paying a
HiPointDem
Aug 2013
#111
In addition to his other "fine" qualities, Ford was also a rabid anti-semite!
branford
Aug 2013
#115
Indeed. I figured that was included under racist. He was a big supporter of Hitler. n/t
Egalitarian Thug
Aug 2013
#133
Still trying to pick myself up off the floor after seeing Henry Blodget's byline on this . . .
stranger81
Aug 2013
#83
omg, written by an oppenheimer/merril lynch analyst. that would explain why this article is so
HiPointDem
Aug 2013
#99
Companies didn't act this way 60 years ago. Hell companies didn't act this way 40 years ago.
liberal_at_heart
Aug 2013
#88
I always struggle with conceptualizing the type of business Republican policies are targeted at
Sen. Walter Sobchak
Aug 2013
#98