Capitalism, it's about kicking you down and keeping you in your place right?

[purplepoppy]

A CEO wants unemployment to rise to 50% so employees beg for low-wage jobs and are more subservient.
www.independent.co.uk/.../...stralia-b2411161.html

He argues people have become lazy and need to be reminded of their place. He also claims governments around the world agree and are putting policies in place to increase unemployment to control people.

So is he right, is it time to crush people after all it is the capitalist way or would it drive people to communism? Do we need a pool of people struggling to strike fear into the hearts of those asking for more?

[provokeesmokee]

Capitalism is a doomed system because it assumes infinite growth but the planet it exists on is finite.

A system built for infinite growth will never work to the benefit of all when we live on a planet of finite resources. Hell, even if we expand, it'll not work.

I wouldn't listen to a rich capitalist. He's born into money and doesn't understand the actual ramifications of it.

The rich are not able to make sense of the true reality of the planet. Look at the billionaires who live here. They're given all the resources and information they need to solve global issues, but they collect houses and art instead.

They're disconnected from the reality of what they believe.

[Jackblue]

How finite growth is, depends on technology, if we invent more we can get more, 300 years ago nobody could have dreamed we would live the way we live now.

[FellowTraveler]

@ Provo AND @Jackblue have valid points. The Nobel laureat Milton Friedman was noted in saying that capitalism IS responsible for lifting more people out of poverty than any other economic system. That said, capitalism is now being manipulated to support Billionaire Oligarchs the likes of which are part of the Bilderberg Group (Meeting). It's interesting to compare the Robber Barrons of the 19th century with the Billionaires of the 21st century. We've come full circle.

Our totally undereducated society which gets elected to Public Office has come up with some undereducated legislation. Take Pharmaceutical for example. The regulations are so poorly written that 'a six year old can manipulate the pharm industry'. Epipens - a LIFE saving necessary item, shooting upwards of $600. Why? 1. Insurance 2. Inept legislation that doesn't seem a priority of our elected officials to correct. Hmm- wonder why - MAYBE capitalists contribute to their campaigns?

Another well respected economist once told me flat out -'the system is rigged to keep the likes of you and me from becoming rich'. I've got example after example but you won't want to read this diatribe. In closing - there is NO perfect system; and I will add that the largest experiment of Communism abjectly failed.

Pushing 8 BILLION people, we humans are ants. Take your place in the collective.

[NYCQuestions1976]

Capitalism is, from top to bottom, by far, even with its flaws, the best system for governments and their citizens to implement and utilize. Capitalism encourages and rewards innovation, creativity, and effort. Meanwhile, socialism and/or communism doesn't encourage anything other than big fat stupid bloated grim reaper big-brother albatross government, people's permanent dependency on that government, and only rewards that said government itself to unearned copious amounts of its own citizens' tax dollars.
https://youtu.be/58frp8Lb6Xc?si=kYrZ31pFt7_xkMAk
Remember this extremely accurate saying: "A rising tide raises all ships."

[BlackBeauty90]

Tim Gurner's always been an ass who lucked into a very expensive career. And only because he happened to come from a relatively well to do family. But google him where isn't photoshopped & there's times he looks like a The Hills Have Eyes inbred.

The patheticness of the little rat is his parents were pro worker, pro community, pro the people activitists. His mum has spent her entire career & more - over 30 years - raising awareness against child / women abuse in Australia.

And she raised a brainless bastard who thinks because he has to pay fair wage to employees that he has every right to say unemployment should increase, etc. What when the cost of living is increasing everywhere.

[NYCQuestions1976]

This guy was either exaggerating, being sarcastic, and/or is just a random douchebag. Regardless, one idiot saying dumb things about unemployment doesn't negate the fact that Capitalism is, by far, even with its flaws, the best system for governments to implement and utilize. Capitalism encourages and rewards innovation, creativity, and effort. Meanwhile, socialism doesn't encourage anything other than big fat stupid bloated grim reaper government, people's permanent dependency on that government, and only rewards the government itself to its own citizens' tax dollars.

https://www.youtube.com/embed/58frp8Lb6Xc

Remember this accurate saying: "A rising tide raises all ships."

[NYCQuestions1976]

Thanks for Most Helpful. 👍

[Jackblue]

No, the guy is just frustrated that workers want more, while workers are upset that their wages don't go as far. I really blame suburbia, and the European healthcare system for America's problems. Because of excessive zoning laws, property costs and rents are sky high. People say that Europeans have the right idea with a public healthcare system and regulating the drug companies, but the reality is, the costs of healthcare aka the vast fortunes that go into inventing new drugs are being dumped on the American consumer. Do not think that the big companies are invisible, many of them go bankrupt.

[CatVader]

big difference between the true ideology and what is known as some ideological branding.
Capitalism is supposed to be about creating surplus which creates more surplus, making it a heavy emphasis on production.
but honestly.. there is no true good ideology, all of them when submitted to human nature end up in some form of tyranny.
that is the first thing to know when trying to find genuine just political solutions.

I don't know any place that don't have some form of powerplay where some work a lot and don't get much salary for it, while some boss type orders others around while skimming all the surplus.
on top the global economy is more under corporatism than anything else. east or west.

[AviatorTom]

WE don't need to fire people to increase unemployment. All we need to do is stop all the social programs that keep people happy not working. They'll have to try to find jobs and the unemployment rate will skyrocket.

I don't know about other countries, but in the US, the unemployment rate is not the number of people who aren't working, it's the number of people looking for work. People who are not working but not looking are statistically not unemployed.

[exitseven]

@AviatorTom People that are still looking for a job but their unemployment benefits have run out are also not counted.

[AviatorTom]

@exitseven Thanks for that.

[exitseven]

@AviatorTom I have been there.

[SeekerOfTruth007]

If your benefits have run out or if you are disabled but looking for work anyway you are not counted.

About 30% of Americans are in poverty from year to year, depending on how you define poverty.

Since the 14th amendment says everyone has a RIGHT to property, I define "poverty" as anyone who can't afford to buy their own home.

[goaded]

I think it's by 50%, not to 50%. Regardless, I think it's the same guy who said young people couldn't afford houses because they were buying avocado toast. Basically an asshole who would rather own people than pay them.

[BoopBoopBeep]

I have significantly climbed up the economic ladder and lifted my mother as well in a way that would likely have been impossible under most if not all other form of economy. It has also afforded me the opportunity to give generously to causes I believe in. I'm not one to bite the hand that feeds me.

[Anonymous]

There's only one problem with this line of thinking. The poor can decide to become rich in Capitalism. And those that are either too lazy or too stupid to figure out how to make that happen can band together and just take it. The economy has always been a living breathing organism. But most politicians are smart enough (historically) to know that as the middle class goes, so goes society. The rich will always be rich, the poor will probably remain in the cycle of being poor. But the middles class comprises the bulk of society. And if you destroy that. That's how revolutions begin.

https://www.youtube.com/embed/fm3nQPOWycI

[Sonorous]

Well of course he has a distorted view & wants that. 🤣 Because he was dealt good cards! You often see this happen. When people are dealt good cards in life, when luck is in their favor & they don't have to suffer in ways others do, they often seek to justify what they've achieved by denigrating others. It's a problem with self extrapolation. I guess it's possible for humans to become far too successful or gifted to be empathetic.

[rigmarole]

Capitalism is an economic system in which private actors own and control property and supply and demand freely set prices in markets. That includes labor prices. There is nothing freely set by a 50% centrally planned unemployment rate. Planned economies are communism.

[rigmarole]

A capitalist would tell you to go have babies to increase the labor pool and grow the economy creating more potential skilled workers competing for his jobs and greater demand for his products. not tell the system to fire half of you so that you're starving and begging for low wage jobs. In a capitalist system if major companies fire many workers an refuse to service the market, then new companies rise and hire said workers that were fired to fill the gap in production to meet market demand. So you're entire narrative is really just about a communist.

[jshm2]

That seems more a democracy and class issue, than crass capitalism.

While what he has said is technically true, (the money goes to the CEO as a bonus, instead of to the workers as a pay rise) he seems not well informed. Good workers make the company, nearly any shit for brains can make CEO.

Just look at Wilko, Debenhams and other large companies that have folded. The workers did their part, the CEO's did not.

[Billlewis]

Yeah, that rotten, no good capitalist system is the worst thing anyone has ever seen -- except for all the other forms of governance that have been implemented throughout history.

[goaded]

ITYM democracy. Capitalism is something else.

[Guido]

The rich get richer and the poor get poorer. The wealthy flaunt their wealth and soon we have a revolt like the French Revolution on May 5, 1789. The wealthy were not so smart after that.

Viva la Revolution.

[Anonymous]

Presumably he would have a different opinion if he were a wage slave.

This is why it is said that you should judge a society by those who are worst off, or similar, I'm paraphrasing.

[inhua]

capitalism only became an issue when mixed in with socialism

like mixing traditionalism with feminism

or like mixing equality and inequality

or mixing chocolate milk with orange juice

[Anonymous]

Nah, he'll be a neo-liberal who wants genocide but can't admit it and still be respected

I knew the economy was fucked up when I was in single digits and built my own thing which is good given how many health issues I have nowadays and not being able to drive... that's it to be able to find a job

[Drewtate]

We don't live in a capitalist world. Under capitalism you work hard, educate yourself, invest, create etc and enjoy the fruits if you succeed.

We currently live on an Oligarchy much like the old Roman Republic or feudalism 2.0.

[AngryCarl2]

That is how capitalism works, and we should be grateful that someone finally admitted it. It's why I'm a socialist.

[Avicenna]

No, you defined Marxism and its somewhat softer cousin, Socialism. Note that Marxism comes with strong restrictions on free speech. The free market does not.

[JustMeQ]

This article gives power to the argument " Capitalism is just Feudalism, just with different methods of control".

On a positive note.

It’s good that people are starting to wake up and ask for more from their employers.

Life is not just work to survive.

[DextroShade]

He should be killed, maybe if these Marxists would do something useful like getting rid of people like this instead of bothering working class people trying to get to work or canceling people over microaggressions they wouldn't be so hated.

[Mansearching]

Its about a living wage. I'm barely making it with mine. Possibly have to find a second job. Just to have that little extra. But lower a person makes the more money in ceo's pockets.

[AnnaSorokin]

So friends, we all need to take action to knock down all capitalism.