Why Unregulated Capitalism Naturally Creates Poverty; And How To Fix It

P

PoliTalker

Diversity Makes Greatness
Capitalism thrives where there is an abundant work force with lots of competition for the given number of jobs, thus creating a market-driven low cost of labor by keeping wages low.

Where people can get fabulously rich by ripping off workers, the rip-off of workers will be prominent.

The structure of our economy does not have enough well-paying jobs for every potential worker. The unregulated free market produces this. The goal of employers it to pay as little as possible while still getting adequate performance of the worker to satisfy the business model.

If one worker betters himself or herself, and advances into a higher-paying job, somewhere, somebody else, somebody less qualified - loses out. Workers are in a constant competition with other workers to improve their qualifications. No wonder we have so many over-qualified workers!

Since there are not enough well-paying jobs for everyone, and workers are getting more and more education, this produces a situation where we see lots of over-qualified workers in less demanding less desirable jobs. Meanwhile, the education system is getting rich as student debt goes into orbit. This is ridiculous.

We, the people, do not have to accept that the rich and powerful will continue to exploit this inefficient form of capitalism which guarantees that there are not enough well-paying jobs for everyone who wants one. All we have to do is wise up to the big picture, and vote for more regulation of big corporate power, and vote for changing our government to end legalized corruption of big money in government:

Corruption Is Legal In America! Here's how to fix that...
 
Well fettered capitalism is an awesome tool to keep a rational nation free from corruption and moving forward


You don’t expect a tool to do the work without a hand controlling it


Capitalism is the tool

Regulations are the hand controlling the tool
 
If we properly regulated naturally inefficient capitalism we could make it more efficient, and make America more productive.

Capitalism is inefficient because it always seeks the most profitable ventures. Those things which become less profitable are abandoned to rot. Jobs are lost, equipment and facilities sit idle. At any time, there are thousands of industrial properties, buildings, equipment, and factories sitting idle. The jobs they once supported are no more. People laid off, many of them never to recover financially.

If capitalism were properly regulated, all this waste would never exist. Those business models which produce fantastic profits should be taxed more to support other job-creating business models that do not. If we do this, we save all those jobs.

But won't that taxation kill capitalism? No! Let the super-rich keep lots of riches! We certainly can't tax them so much that it's not worth while to do what they do. So we have to find a happy medium. We need to require them to pay into a truly vibrant economy. Require them to pay aggressive taxes on aggressive earnings. They can afford to do that and STILL get very rich.

Maybe some functions could simply be run by the government at no profit, run on the revenue of taxes from fabulously profitable ventures. This would provide jobs, provide income, get people off the dole, give them self-accomplishment, give them a sense of worth. This would reduce government expenditures for financial assistance programs.

And just think of all the functions which could be accomplished with such a massive work force and such a grand utilization of the productive capability of America! We could have more American-made products. Higher quality stuff. Not because they are cheaper to make, but because we created the jobs to make them by taxing imported junk products.

That's how we create a more vibrant economy AND create a policy that moves us away from such dependency on cheap foreign products. You know, it's gotten to be such an issue that it rivals the oil dependency of the 80's on Arab oil. Our economy would fall flat on it's face if a big dispute with China led to a sudden cut-off of cheap imports. We have to wean our way off of such dependency, and we can do it by properly regulating our capitalism.

This pandemic was a warning. Suddenly, we didn't have enough of a lot of things. Toilet Paper being the most public example, but PPE and ventilators right up there. We need more American productive capability. More than unregulated capitalism is furnishing.

Capitalism is a great engine of productivity.

Properly regulating capitalism is like putting a turbo on that engine. It's gonna make it run far more efficiently.
 
PoliTalker said:
Capitalism thrives where there is an abundant work force with lots of competition for the given number of jobs, thus creating a market-driven low cost of labor by keeping wages low.

Where people can get fabulously rich by ripping off workers, the rip-off of workers will be prominent.

The structure of our economy does not have enough well-paying jobs for every potential worker. The unregulated free market produces this. The goal of employers it to pay as little as possible while still getting adequate performance of the worker to satisfy the business model.

If one worker betters himself or herself, and advances into a higher-paying job, somewhere, somebody else, somebody less qualified - loses out. Workers are in a constant competition with other workers to improve their qualifications. No wonder we have so many over-qualified workers!

Since there are not enough well-paying jobs for everyone, and workers are getting more and more education, this produces a situation where we see lots of over-qualified workers in less demanding less desirable jobs. Meanwhile, the education system is getting rich as student debt goes into orbit. This is ridiculous.

We, the people, do not have to accept that the rich and powerful will continue to exploit this inefficient form of capitalism which guarantees that there are not enough well-paying jobs for everyone who wants one. All we have to do is wise up to the big picture, and vote for more regulation of big corporate power, and vote for changing our government to end legalized corruption of big money in government:

Corruption Is Legal In America! Here's how to fix that...
Click to expand...

NOTHING you wrote shows unregulated capitalism "creates" poverty.
 
Hello Jack,

Jack said:
It's already regulated. Even China sees the value in competition.

"Dewardric McNeal, managing director at Longview Global who formerly served in the Obama Defense Department, joins "Squawk Box" to discuss what could be behind China's recent crackdown on Big Tech monopolies."
https://www.msn.com/en-us/news/other/why-is-china-considering-big-tech-regulation-now/vi-BB1aWHH3
Click to expand...

No it isn't. It is highly inefficient. Capitalism provides vast wealth for a small proportion of people, OK sort-of wealth for many, and poverty for many more.

Meanwhile, lots of facilities and equipment sit idle at any time.

When has capitalism EVER produced enough well-paying jobs for everyone?

Capitalism doesn't do that. It guarantees that some will lose out.
 
PoliTalker said:
Hello Jack,



No it isn't. It is highly inefficient. Capitalism provides vast wealth for a small proportion of people, OK sort-of wealth for many, and poverty for many more.

Meanwhile, lots of facilities and equipment sit idle at any time.

When has capitalism EVER produced enough well-paying jobs for everyone?

Capitalism doesn't do that. It guarantees that some will lose out.
Click to expand...

When has any economic system in the history of the world done that?
 
Jack said:
It's already regulated. Even China sees the value in competition.

"Dewardric McNeal, managing director at Longview Global who formerly served in the Obama Defense Department, joins "Squawk Box" to discuss what could be behind China's recent crackdown on Big Tech monopolies."
https://www.msn.com/en-us/news/other/why-is-china-considering-big-tech-regulation-now/vi-BB1aWHH3
Click to expand...

It is not

Regulations have been decimated by republicans


Re regulating and actually policing capitalism is greatly needed


Proper taxing to offset the problems unfettered capitalism causes


And we will soar again

I would like to see CEOs to be paid a certain multiple of the least paid employee reinstated

Back when that was in place NO WEALTHY PERSON was willing to CEO their own company because it wasn’t worth it


They hired people for the job


That person rarely felt it was worth cheating the system and employees for the pay


It worked great to keep corporate abuse at bay
 
PoliTalker said:
If we properly regulated naturally inefficient capitalism we could make it more efficient, and make America more productive.

Capitalism is inefficient because it always seeks the most profitable ventures. Those things which become less profitable are abandoned to rot. Jobs are lost, equipment and facilities sit idle. At any time, there are thousands of industrial properties, buildings, equipment, and factories sitting idle. The jobs they once supported are no more. People laid off, many of them never to recover financially.

If capitalism were properly regulated, all this waste would never exist. Those business models which produce fantastic profits should be taxed more to support other job-creating business models that do not. If we do this, we save all those jobs.

But won't that taxation kill capitalism? No! Let the super-rich keep lots of riches! We certainly can't tax them so much that it's not worth while to do what they do. So we have to find a happy medium. We need to require them to pay into a truly vibrant economy. Require them to pay aggressive taxes on aggressive earnings. They can afford to do that and STILL get very rich.

Maybe some functions could simply be run by the government at no profit, run on the revenue of taxes from fabulously profitable ventures. This would provide jobs, provide income, get people off the dole, give them self-accomplishment, give them a sense of worth. This would reduce government expenditures for financial assistance programs.

And just think of all the functions which could be accomplished with such a massive work force and such a grand utilization of the productive capability of America! We could have more American-made products. Higher quality stuff. Not because they are cheaper to make, but because we created the jobs to make them by taxing imported junk products.

That's how we create a more vibrant economy AND create a policy that moves us away from such dependency on cheap foreign products. You know, it's gotten to be such an issue that it rivals the oil dependency of the 80's on Arab oil. Our economy would fall flat on it's face if a big dispute with China led to a sudden cut-off of cheap imports. We have to wean our way off of such dependency, and we can do it by properly regulating our capitalism.

This pandemic was a warning. Suddenly, we didn't have enough of a lot of things. Toilet Paper being the most public example, but PPE and ventilators right up there. We need more American productive capability. More than unregulated capitalism is furnishing.

Capitalism is a great engine of productivity.

Properly regulating capitalism is like putting a turbo on that engine. It's gonna make it run far more efficiently.
Click to expand...

Capitalism in fact eats it’s self if it’s too poorly regulated


It is the power of a better idea if properly restrained and sealed from pouring all efforts into one pot


Unregulated it naturally turns into the emergence of a monopoly with EVERYTHING held in one persons hands


It’s how we got kings
 
PoliTalker said:
Hello Jack,



No it isn't. It is highly inefficient. Capitalism provides vast wealth for a small proportion of people, OK sort-of wealth for many, and poverty for many more.

Meanwhile, lots of facilities and equipment sit idle at any time.

When has capitalism EVER produced enough well-paying jobs for everyone?

Capitalism doesn't do that. It guarantees that some will lose out.
Click to expand...

Poli: "When has capitalism EVER produced enough well-paying jobs for everyone?"
Jack: That's not the Goal. The Goal is to produce Profits for the Shareholders.
 
evince said:
It is not

Regulations have been decimated by republicans


Re regulating and actually policing capitalism is greatly needed


Proper taxing to offset the problems unfettered capitalism causes


And we will soar again

I would like to see CEOs to be paid a certain multiple of the least paid employee reinstated

Back when that was in place NO WEALTHY PERSON was willing to CEO their own company because it wasn’t worth it


They hired people for the job


That person rarely felt it was worth cheating the system and employees for the pay


It worked great to keep corporate abuse at bay
Click to expand...

Evince: "It is not"
Jack: Every country has Quotas, Tariffs, and other means to manipulate 'Free Trade' and 'Open Markets'.
 
Jack said:
Evince: "It is not"
Jack: Every country has Quotas, Tariffs, and other means to manipulate 'Free Trade' and 'Open Markets'.
Click to expand...

Proper fettering


THE CORRECT AND EFFECTIVE REGULATIONS


THE REPUBLICAN PARTY DEREGULATED FOR DEREGULATIONS SAKE


they hack at whatever part of our regulations they can get their hands on


Sometimes that system is even worse than NO regulations because of it
 
Jack said:
Poli: "When has capitalism EVER produced enough well-paying jobs for everyone?"
Jack: That's not the Goal. The Goal is to produce Profits for the Shareholders.
Click to expand...

WHICH IS WHY THE TOOL OF CAPITALISM NEEDS THE HAND OF REGULATIONS TO WORK PROPERLY
 
Hello cawacko,

cawacko said:
When has any economic system in the history of the world done that?
Click to expand...

Good question. If that is the definition of economic perfection, then that perfection has never been achieved. But certainly there are other industrialized nations which are closer to this perfection than the USA.

We need to do better.

And we can do better.

We can do a better job of regulating capitalism to make it work better for our populace.

Why should the people's desires get a practically nonexistent say in what our government does, but big money gets a far bigger voice?

Our Constitution doesn't say that's supposed to happen.

We have to make corruption illegal in America.
 
Hello Jack,

Jack said:
Poli: "When has capitalism EVER produced enough well-paying jobs for everyone?"
Jack: That's not the Goal. The Goal is to produce Profits for the Shareholders.
Click to expand...

PRECISELY!

And that's the problem.

Our nation needs to have other goals besides letting the richest become richer.

Which is why we, the people, need to impose our concerns on that metric to get our needs met. Capitalism serves the richest most powerful capitalists. Everybody else has to deal with the side effects.
 
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