It is the responsibility of a corporation, within a capitalist system, to make profits - however they see fit - within the confines of the law. This might mean that they move their operations to another country to lower production costs...in order to make higher profits.
I continually read criticisms of Liberal socialism, but the same people are also critical of the companies who have moved their operations out of America. So which is it? Are we capitalists, or not?
2007-03-15 03:15:59 · 6 answers · asked by Super Ruper 6 in Politics & Government ➔ Politics
Aslan...I completely agree. I am a capitalist to the bone, but I also recognize a company's responsibility to the community...providing it does not impede the business. And by the way, while being a capitalist, I am also a big proponent of a national healthcare program through higher taxation of individuals and corporations. I have no problem paying taxes, providing I can see where that tax money is spent to improve my life.
My question was merely to encourage conversation from those who cry foul at the outgoing corporations....but claim to be capitalists when a liberal even suggests a social program. You cannot suck and blow!
2007-03-15 05:31:40 · update #1
We can be a capitalistic country and be pragmatic as well.
How does the community benefit when hundreds of jobs are suddenly uprooted and sent overseas. Let's say Peoria is the widget capital of the country. Everybody in the country needs widgets, and the people in Peoria stay pretty busy making them.
The owners of the widget company discovers they can save a bundle by moving the factory to Mexico and pay less to make the widgets but sell them for the same price.
Now everyone in the country is still buying widgets. The company's stockholders and the CEO are making a bundle. The people in Peoria are jobless.
I want to point out that I am a fiscal conservative, not a liberal. I live and work in Ohio. 25% of the jobs lost to overseas labor have come from Ohio. For every 1 factory job shipper overseas 5 other non factory jobs evaporate as well. The economy in Ohio is bleak. Since October of 2006, the number of people on welfare has doubled in the state. People in the USA are now buying products once manufactured in Ohio for exactly the same price as before. Stockholders are making more money. Company execs are making more money. But, the entire state of Ohio is suffering.
Where's the pragmatism in that?
2007-03-15 05:13:00 · answer #1 · answered by .... . .-.. .-.. --- 4 · 0⤊ 0⤋
I don't criticize companies for moving. The government is probably one of the main reasons they have to move.
Change our tax laws to the fair tax and watch companies be more willing to move back to this country.
2007-03-15 10:23:49 · answer #2 · answered by az 4 · 0⤊ 0⤋
protectionism has the tendency to grow within capitalism...i remember the reaction of the americans when china's CNOOC has bidded-out others for Unocol...it's no surprised that it'll anger the "nationalist-capitalist" of america when businesses start to go offshores.
2007-03-15 10:27:29 · answer #3 · answered by Anonymous · 0⤊ 0⤋
We are a capitalist society with many corporations that no longer take seriously their responsibility for their stakeholders benefit and welfare.
2007-03-15 10:20:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Look what Haliburton is doing, - moving with its hq to Dubai,
Accenture to Bahamas,
they escape democracy...
2007-03-15 10:21:10 · answer #5 · answered by Anonymous · 0⤊ 0⤋
If it cost more money to have your business here in the US, what intelligent businessman wouldn't.
2007-03-15 10:20:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋