Does capitalism ( as currently practiced here in America) create less or more opportunities for all?

Question

Please, give a reasoned answer so I do not have to add you to my evergrowing "block user list"

Fancy That, you gave a very good answer.

Monk,
the key word was "reasoned " answer , you did NOT offer one, thus you are added to the aforementioned list.

suthrnlyts2004
As always you are the rare Republican find here,very good answer.
You do see the difference between your answer and monks, right?

Lighthearted,
Thanks for the personal perspective

Answer 1

Unregulated capitalism creates economic servitude for the masses and allows wealth to concentrate into a small group of people who then become the ruling class. They make decisions to secure their own power position. Example, oil industries contributions to the GOP. Unregulated capitalism makes people poorer

Regulated capitalism, however, has proven to be a very effective means to grow the middle class by requiring profit sharing through good wages and equal opportunity education.

Here is a pretty good example. After the great depression when FDR implemented regulation on capitalism, the US economy boomed for decades and produced the highest standard of living in the history of the world. It's hard for you people to understand how good it really was before 1980.

We had a receission or two, but overall it was pretty sweet.

With the advent of 'unregulated capitalism' starting with the Regan administration, wages and the middle class contracted and have been shrinking under the GOP, no-regulation philosophy.

You can search the history of the GOP vs Conservative/Liberal (i.e unregulated vs regluated) government and you will see a very strong coorelation in the economic cycle. Liberal, or regulated industry, produces large GNP until the Righties get into office, at which time it contracts to the point there is a voter rebellion and the entire cycle starts over again.

We are on the edge of that voter rebellion now.

Answer 2

Interesting question.
Capitalism is a system where the wealth and productivity of a nation is owned and controlled by private individuals. Capitalism is the only system that ensures individual liberties and freedoms. When wealth is controlled by private interest, a government cannot coerce its population.
I am at a bit of a loss as to what you mean by "practiced here in America." There is only one way to "practice" capitalism, private ownership.
Capitalism does not, just by its existence, provide opportunites for all. That takes government intervention thru both protective laws and social programs like public education.
The globalization of capitalism is presenting new problems to the system.
There are a number of people in the population who have limitations that prevent them from grasping opportunities thru education. These people usually gravitate toward unskilled labor jobs at the lower end of the income levels. Organized labor often help these people earn living wages. Current trends, however, have jobs that have been historically held by organized labor being exported to other countries.
It's hard for me to draw a conclusion to an answer to your question. This is a discussion that could go on for some time. I would have to say a brief answer is that under the current trend many opportunites in the USA will evaporate.

Answer 3

Capitalism isn't considered one of those government that's a naturalistic economic technique, the placement the greater cost you could deliver to an economic company the greater you're valued and the greater you are going to gets a fee. If a CEO did not positioned across cost to the placement the shareholders could vote him out. A worker who makes some a factor of a widget that somebody invented will gets a fee consistent with the nicely worth they create and to boot how many others might desire to do an identical interest and for a fashion plenty they might do it for. A earnings individual brings nicely worth on condition that they create interior the flow of money between the customer and the producer of a product. CEO's direct a pair of courses inclusive of shape, merchandising and revenues between others. Governments distort this organic technique lower back and lower back in a brilliant way and in many cases not. somewhat governments make all merchandise and options value greater. It follows that the greater government equals greater expenditures and to boot greater taxes to pay the cost. so a techniques as your grandmother, She might desire to have had some variety of fee to anybody.=) Is it effortless? life isn't effortless and by no potential may well be. i admire capitalism, and hate the popular evil of government. Smaller is best in maximum situations, something style that's.

Answer 4

The beauty of capitalism is that it is a completely voluntary system, where people become wealthy by providing valuable goods and services to their fellow man. It creates wealth for all. There are abuses of course, but as a rule, people do not become wealthy by taking from others, only by serving them.

I've linked to an income table of american households, divided into quintiles. You'll notice over the last 20 years, ALL groups are wealthier than before. The 2nd table compensates for inflation and shows real gains.

Capitalism increases wealth for all.

Besides, if you look at the rest of the non-capitalist world, they are in far worse shape.

Answer 5

Capitalism as practiced in America creates way more opportunities and is the answer to provide food for the 18,000 kids who die of starvation in the world each day (per the UN). I say this because my family used to be on welfare looking for food, but I was able to find jobs that progressively allowed me to learn how to better serve others. As a result, I now earn a high income and can give to children in impoverished areas. Capitalism is simply the freedom to produce goods and services that serve others in a competitive way. Competition keeps companies honest and always improving as consumers can choose where they buy. That is why the average family saves $2500 per year by shopping at Wal-mart. The roadblock to this wealth-creation is governments and many countries do not allow free capitalism, so their people are desperately poor. Or, as in France that is Socialist, they have double the unemployment and suicide rate. Quality of life is lower. Tragically, the American government is rapidly shutting down capitalism and the poor will be hurt the worst. The minimum wage law recently passed by the Democrats and Bush means businesses will have higher expenses and will be able to offer fewer jobs; the poor need jobs so they, like me, can learn to serve others. Last Friday the Democrats put forth a Anti-capitalistic law to raise the tax rate on gains from private investments from 15% to 35%, hence the stock market fell 1.5%. This law will take away many jobs from the poor because company owners will have to give much more money to the government, so they will have less to invest in job creating companies. Pres Bush also has put into place an anti-capitalistic law, No Child Left Behind, that requires control of local school by the huge central government. This forces teachers (my wife is one) to spend much more time on paperwork and teaching for govt tests than teaching kids about how to be free thinkers and entrepreneurial. In the old days kids learned in school to be innovators and companies like Microsoft, Dell and Apple where created by college drop outs. But now kids are trained to submit to big government thinking that is practiced by France and many other countries with high test scores that are against capitalism and personal wealth creation.

Answer 6

It depends on a person's perspective of capitalism. I see capitalism more through the eyes of entrepreneurship and smaller business that is able to compete and employ people by paying fair wages and benefits. Something, I do, BTW.

I don't view capitalism as a huge conglomerate take-over, which incidentally has driven the Mexicans across our borders in droves, because WE have placed them out of jobs in their own country.

Check out our own Dept. of Agriculture. They're bought and paid for by mass producers whose only purpose is to continue outsourcing, thereby placing our small farmers out of business. That's merely one example of multitudes.

Edit: I do appreciate your questions. And wish that others would put their thinking caps on instead of becoming defensive.

Answer 7

overall, more

the only issue is that capitialism must have some unemployment and some must get a raw deal at one point or another.

capitalism is a good thing and as long as their is no bias, everyone generally has a chance to rise to the top. (sadly there is some bias at times)

Answer 8

George Bush 989 up, 394 down

GW in College
A retard who only got into Yale because his Daddy has money and barely got through wth a C- average. A cheerleader and cocaine addict who was commonly arrested for drunk driving.
GW in business
A financial flop who owns several corporations who should be bankrup except for the fact that his daddy put more money into it. Overall.. cant run a company... so how the hell is he going to run a country?
GW as president
toooo ******* much... would take my entire afternoon to write this. The basics... wrong on war, the war on terror, abortion, gay rights, examples, taxes and life in general.
GW on Sept. 11
After the attacks he had 7 members of the Bin Laden family in the united states in custody,,, want to know what he did with them? He let them leave the country and go back to Iraq. Bad choise Mr. Bush.

An idiot who has no clue what he's saying

GWB QUOTES
"They misunderestimated me"
"I believe that the human being and the fish shoud be able to live together in peace and harmony"
"We should be able to put food on our children"
"Mission Accomplished" (NOT!)
"I know it's a budget... because it has lots of numbers on it!"

We are letting THIS man lead our country? What the **** happened?

Answer 9

More.

Much more. Its socialism and the oppression of the individual in favor of the state and central planning that crushes opportunity.

People are motivated by self interest. That's why capitalism works and socialism doesn't.

You are not going to work you butt off for the state. You work and take risks if you anticipate a reward for your hard work and investments

-- or even the potential for a reward.

Answer 10

I can sum this up in two sentences.

Those that embrace capitalism usually are successful in life.

Those that embrace socialism, unless you are the one who created it, usually aren't successful.