How capitalism works?

Flash said:
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Because they don't agree with you.

Many working class people tend to be anti-abortion, fairly religious, against gun control, opposed to illegal immigration, against transgenders using the same restrooms and competing against those of the opposite sex in school sports, and believe the "liberal elite" don't support these values.

Based on these views it is perfectly logical for conservative working class to vote for conservatives.
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That wasn't the question
 
Althea said:
So you're a Communist?
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No… I believe in a system that uses capitalism to reward those who work hard to provide a valuable service as called for from the market.

If you do not limit wealth retention by a small group of individuals you end up being ruled by a small oligarchy making laws designed to favor them, that is what we currently have.

Capitalism ends with a group who won by manipulating the market, unless it s regulated. That has happened in America.


Consider homeowners insurance, for example. We have a system in the United States that has developed in which for the vast majority of Americans to own a home, they must finance the purchase with a loan from a bank. The bank intern requires that the homeowner purchase insurance, the insurance companies collect premiums, but when there is a major disaster, they lobby the government to bail them out. They do not save the kind of money they need in order to get themselves out of a disaster, instead pay their CEOs, huge bonuses.

The reason the government bales them out is twofold, the insurance companies have very expensive lobbyists, who get friendly politicians elected. Secondly, if the insurance companies cannot afford to honor their contracts. The voters suffer. Insurance companies intentionally put themselves in the position where the government is forced to bail them out. In the end, homeowners are paying for an insurance that is unlikely to honor their contract, but will make the members of the insurance company wealthy. The banks are happy because they are protective. The middle-class Americans have to pay so much to own a home that it is difficult to get ahead.

This only happens because insurance companies, and their CEOs got to wealthy. They got so wealthy they were able to make the rules.
 
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Jarod said:
No… I believe in a system that uses capitalism to reward those who work hard to provide a valuable service as called for from the market.

If you do not limit wealth retention by a small group of individuals you end up being ruled by a small oligarchy making laws designed to favor them, that is what we currently have.

Capitalism ends with a group who won by manipulating the market, unless it s regulated. That has happened in America.
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Many Americans think the rich deserve to make our laws.
 
Even the game of Monopoly teaches this lesson, in the end, the winner bankrupts all the other players. The game is over.

Are used to play with my sisters, at the age of 11 I learned that if I wanted to win with even more money, once I got my sisters into a desperate situation, I would get them to agree to change the rules. I would let them borrow money from the bank to pay me, then the game would only win once I had all the money in the system. It even went so far as them agreeing to make more money for the bank, and then I would get even richer, but there was, at some point no way they could ever come back from the debt.
 
Althea said:
I understand that this is a rhetorical question which serves to display your intentional ignorance.

I think the question you should be asking is 'what have Republicans blocked that Democrats attempted to do for the middle class?'.

Each time Democrats try to pass tax cuts for the working class, it gets blocked by Republicans who demand corresponding cuts for the wealthiest in the nation.
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Which "tax cuts for the working class" would those be?
 
Jarod said:
No… I believe in a system that uses capitalism to reward those who work hard to provide a valuable service as called for from the market.

If you do not limit wealth retention by a small group of individuals you end up being ruled by a small oligarchy making laws designed to favor them, that is what we currently have.

Capitalism ends with a group who won by manipulating the market, unless it s regulated. That has happened in America.


Consider homeowners insurance, for example. We have a system in the United States that has developed in which for the vast majority of Americans to own a home, they must finance the purchase with a loan from a bank. The bank intern requires that the homeowner purchase insurance, the insurance companies collect premiums, but when there is a major disaster, they lobby the government to bail them out. They do not save the kind of money they need in order to get themselves out of a disaster, instead pay their CEOs, huge bonuses.

The reason the government bales them out is twofold, the insurance companies have very expensive lobbyists, who get friendly politicians elected. Secondly, if the insurance companies cannot afford to honor their contracts. The voters suffer. Insurance companies intentionally put themselves in the position where the government is forced to bail them out. In the end, homeowners are paying for an insurance that is unlikely to honor their contract, but will make the members of the insurance company wealthy. The banks are happy because they are protective. The middle-class Americans have to pay so much to own a home that it is difficult to get ahead.

This only happens because insurance companies, and their CEOs got to wealthy. They got so wealthy they were able to make the rules.
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Whereas there is validity in what you posted, I fail to see the connection to your call for the govt. to take wealth from people when they die?
 
Althea said:
Whereas there is validity in what you posted, I fail to see the connection to your call for the govt. to take wealth from people when they die?
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Teddy Roosevelt started the inheritance tax. He explained the danger of passing wealth and power along. https://www.wbur.org/onpoint/2010/12/15/teddy-estate He was a very rich man and knew what a danger the wealthy with passed-on fortunes were. People who die o not have any say. They no longer care. Why do you care for them?
 
evince said:
Um no you fucking idiot


It’s an economic theory of how economies work and how to manage them to the best benefit of the population




It’s the school of economics that has saved our ass everyfuckingtime you idiots brake the economy to benifit the wealthy assholes
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that's the cover story.

in reality it concentrates too much power in the hands of a few, who's claims on moral superiority are false.
 
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