US citizens, do you still want capitalism or are its downsides too big?

Question

With answer can you also tell which business do you own, how does capitalism help your business?

FreyaRed · Accepted Answer

I have no clue about US but capitalism was a century ago the survival of the fittest, today's """capitalism""" it's survival of those who own most politician in parliament or/and senate.

purplepoppy · Accepted Answer

Extreme capitalism or socialism doesn't work, either way people get screwed. The problem at the minute is people are too obsessed on demonising the other side to accept the benefits.

OneViewpoint · Answer

There is no such thing as "pure" Capitalism any more than than has ever been pure Communism. Unconstrained Capitalism will always result in corruption as the wealthy seek to undermine government and seize power for themselves. And that's exactly what we have in the USA right now. A government owned by the 1% that hasn't done anything for the other 99% in 50 years. It's anything but "pure". The playing field is anything but level. The wealth gap is growing larger every day. What we have in the US is an extremist Capitalist economic system carefully protected by a handful of Oligarchs to serve their interests and no one else's. I don't see any tangible difference between the USA and the Russian Federation other than a different group of Oligarchs stealing all the wealth.

I think what works is a strong central government that rules a Capitalist economic system with an iron fist and a few socialist programs to manage things that are human rights and should never be put in the hands of a for profit private sector business or billionaires. Things like elections, defense, law enforcement, the courts, the safety of the food supply, education, healthcare, infrastructure, a central bank, a currency, regulatory oversight of the Capitalist economic system, and a retirement savings system like Social Security that the 1% cannot get their greedy sticky little fingers on.

Me? I consult for investment banks, private equity, hedge funds, and businesses that are mostly manufacturing. I know, blasphemous right? Keep your friends close and your enemies closer. 😇

loveslongnails · Answer

Unchecked capitalism inevitably results in what you have today in the USA:
* The widest income disparity gap in the top 40 Gross National Product nations in the world.

* 12% of the USA's population live at or below the poverty line. That's 37 million people. * Half the families of 4 people make less than $81,000 with two incomes.
(Try making mortgage, car, insurance payments, food, clothing, utilities, day care, etc, on $66k after taxes, for four people. That's $5,500 a month. You're in debt before you start)

Here's another one to let sink in: The USA has the MOST millionaires and billionaires in the world. The USA has over 6 million millionaires and 867 BILLIONAIRES.

Let me put that in perspective because it's difficult to understand.
* To earn a10 million dollars a year, you have to earn $27,400 a day, 365 days a year.
* To accumulate a billion dollars in one year, you'd have to make TWO Million, Seven hundred and 40 thousand dollars a DAY ! $2,740,000.

Without generational wealth, the global odds of you becoming a billionaire are 0.000000255. But in the USA, they and the millionaires got permanent tax breaks in both Trump administrations, while the general population got a few small temporary ones that expired just in time for the next administration to take over. Ad nauseum.

This is capitalism run amok. It's particularly bad in the USA right now, where 85% of wage earners have an average of $8,000 in the bank. That would keep you afloat for 60 days if you lost your job. Are we great again yet?

BadApple69 · Answer

Yes to capitalism.
With capitalism and hard work you can make whatever life you want.
But…. Those two horrible word were spoke!!!
“Hard work” the youth of today hate the term “hard work”. Why work hard when socialism/ communism will give you everything for free. Free housing, free food, free healthcare and you don’t even have to work hard.
Nothing is free in life. Nothing. When you figure out the costs under socialism/communism it’s too late. You can vote socialism/communism in but you can’t vote it out. You need to fight to get out.
Don’t take my word for it. Look at the millions who have illegally came into the U. S. many were fleeing socialism/communism. Why? If socialism/communism is so great why would they come to this capitalistic hell hole? It’s to get ahead.
Again look at history….

molonski2 · Answer

I'm not from USA , and nothing is completely " pure " but what the USA has created is still by a mile the very best system , that's why any company of merit is either created in USA or heads for the USA.

Great public companies that everyone can own a piece of , Where else could Alphabet/ Google been listed? Microsoft / Tesla , Invidia.. and 1000s more..

On any realistic assumption of same performance ( so assuming I had performed the same ) had I been born in USA , my net worth would be x 10 ..

Socialistic agendas stump and destroy growth , they encourage inefficiency, and layers of beauocracy , the entire USA story is built on growth and innovation , it's something to be proud of.

My industry was property development, investment , managed funds , so much opportunity.

Lliam · Answer

I oppose socialism for corporations while dog eat dog, market economy capitalism is forced on common people.
I support safety nets for people: Social Security, Medicare, funding for schools, hospitals, mental health, mass transit, infrastucture, and clean, well staffed national, state and local parks.
I oppose privatization of everything.
I support worker-owned businesses and labor unions.
I support the Eisenhower era progressive income tax.
I oppose our bloated military budget with military bases around the world.
I strongly oppose sending money and weapons to Israel and other countries. That money should be spent to assist American citizens.

So yes, I do support a certain level of "socialism" while retaining the kind of capitalism that allows people to do what they want for a living and spend their money as they wish without being tracked and monitored.

AviatorTom · Answer

We don't have pure capitalism. We have capitalism with government oversight and regulations. I like it that way, as do most Americans.

I don't own a business. I'm retired now, after working for several publicly traded companies during my career.

NaultD · Answer

It would suck having to bribe fire fighters to save your kids but right now with those digital price tags at grocery stores with an AI changing proces to milk every penny that dosen't exist any more. That's a new level of spooky on a day to day level.

browsingthroughthe · Answer

I'm not American yet surely it's too big. I'm a socialist, democratic, myself. I wanted the Bernie, the AOC, the Left wing of the Big Tent candidates of the Dems. Ah well.

But breasts can never be too big @Kelly6 😋
God bless.

MrChinaski · Answer

Compared to what?

The Nordics are rich because they are capitalist economies... they just redistribute a lot of the profits as welfare. China and Korea developed by becoming capitalist economies, they just choose to redistribute a lot of resources to favoured industries.

Capitalism is the only successful path to long-term economic growth. There are different ways you can harness capitalism for social ends.

Ironco · Answer

Capitalism is the only answer. All others fail miserable. Socialism and communism look good on paper and in the short run, but always fail it's people, always.

I own my own small business, I keep all my employees happy and well paid.

On my own.

I will refuse to let the government run it into the ground.

llorando · Answer

We don't have pure capitalism, we have capitalism with government regulation to ensure corporations play fairly and don't take advantage of people, or situations but unfortunately our government does their bidding because they have deep pockets. Ideally I wan't capitalism with regulations that are enforced by a government that represents we the people and not those with the deepest pockets.

foxsquirrell · Answer

Not from the US, but pure capitalism is surely bad. It would allow people to exploit other people as much as they want, plus they would buy all the means of production to make it impossible for other people to build their own businesses.

P. S You can turn off the AI before you post your questions, and the questions will not be affected by any AI. I hate it too and I almost always turn it off before I post any questions.

NathanDavis · Answer

the biggest companies in the USA today... are socially funded and controlled by them... the government that's our current version of "capitalism"

Kelley1 · Answer

I don't see any downsides to it. However, the US has more socialism and a merger of government and corportations then capilalism

exitseven · Answer

I am good with pure capitalism. I worked in the tech industry.

FunkyMonkee · Answer

Sure do!! In case you haven't noticed, and most socialists don't, socialism and communism never works!

nolabels · Answer

Taking the word 'pure' out of the question, I'd have to say that no better system has yet come about.

Dargil · Answer

A Capitalist economy needs reasonable regulation.

SixFootSexy · Answer

We have crony capitalism AND corporate welfare. It's really the worst of both for commoners.

Snakeyes7 · Answer

The US hasn't been a free market in a little over a century because since then, companies have to do everything their shareholders demand and they have been either extremely retarded or pure evil lately.

XXblack88 · Answer

Well I don't want socialism. downside is the loopholes the 1%ers use to get around the system

Twalli · Answer

True capitalism isn't what we have. You can work hard and apply yourself and still be poorer than those whose families made good investments and were lucky with them.

Sevenpointfive · Answer

i think the rewards of innovation should elevate society on a whole. people are too selfish.

Amur8711 · Answer

Still want capitalism, its hard to find that balance of government control so organizations don't control everything, but its its better than the Government sticking their incompetent fingers into everything like in Socialism, Communism, and Fascism.

KostasKouvalis · Answer

"Best products for the best price?"🤣🤣🤣🤣 I want a bardering & favor for favor system

shortster · Answer

I wish we still had capitalism in America. We operate more like a socialist country than anything else.

fishbone77 · Answer

I want free market capitalism. Not the corporatism strangling the US currently

Celticwolf78 · Answer

I just want the idiot and his goons out of the white house because they don't have any clue what they are doing

captain_voidwalker · Answer

Well the downside of socialism is death and starvation soooo. Yeah capitalism it is

DCooper · Answer

What downsides? There literally aren't any.

itss_lily · Answer

no. capitalism is evil!

_Jenny_ · Answer

Yes. Capitalism not communism

Alexandrubaschet08 · Answer

CAPITALISM !!! Better death then red!

IknowthatIdontKnow09 · Answer

I'm a Canadian citizen

Titanic1912 · Answer

Definitely want capitalism!

FrodoSkywalker007 · Answer

We don't have pure capitalism

AgentG111 · Answer

Absolutely!

Paige2006 · Answer

Capitalism!

DirtyOldMan777 · Answer

CAPITALISM!!!

US citizens, do you still want capitalism or are its downsides too big?

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Are you a capitalist? Are you open to leaving the philosophy of the capitalism economic system behind?

US citizens, do you still want capitalism or are its downsides too big?

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Are you a capitalist? Are you open to leaving the philosophy of the capitalism economic system behind?

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