How can capitalism improve?

Question

Low to middle income people rarely get a bonus and work without a living wage. The Middle Class is slowly shrinking. The majority of owners do not allow employees to retire and thus keep the majority of the money. Only Wal-Mart offers better benefits. Democrats and Republicans have politicans that are multi-millionaires.

My cousin's husband was earning $17 per hour and was fired but could return at $8 per hour.

Wal-Mart is better than Corporate America and the world by 68-69% and that is why they are vicious in their rumors about Wally World!

Wal-Mart is better than 96% of the Corporate World!

Shop at Wal-Mart

http://www.youtube.com/watch?v=QGr21RfYksk&v3
http://www.youtube.com/watch?v=zs0fEFj5a9M
AND
http://www.youtube.com/watch?v=jeePsvdD_98
from Billybobjoe57
http://www.youtube.com/user/billybobjoe57

Answer 1

Everyone has an opinion on this huh? 8^)

To me, the measure of success is the greatest good for the greatest number of people. Slavery, feudalism, etc. etc. might be considered a 'successful' system by the people on top who make all the money, but I would not consider those successful. Success, I would say, is if everyone shares the wealth. For instance, if a company does better, EVERYONE does better.

And this is the purpose for which capitalism was implemented! A better life for the working people. Money to pay for education, health care, and a constantly-rising standard of living. People seem to have lost sight of these goals. We used to even have a 'social contract' that the owners/investors had a responsibility to those who worked for them, that as long as the company was doing well you could be confident that you could keep your job.

The philosophy today is that return on investment is the ONLY purpose of capitalism. So labor takes it in the shorts. It amounts to war on the middle class.

Also, decades ago when I took civics in high school, we were told that capitalism was a partnership between capital and labor. A co-equal partnership! Both needed the other. That idea also seems to have gone away. Today we seem to have the idea that only capital matters.

I still think capitalism is the best system, but to say it's the best system is not to say that it's perfect. The main problem with capitalism is that it depends on competition. Where there is competititon, of course there are winners, and where there are winners there is no longer competition. So capitalism contains the seeds of its own destruction. It requires a certain amount of govt. regulation, otherwise it will inevitably morph into monopoly or oligopoly. And this is what's happening now in the US (and probably everywhere else). Every big thing, anything where there is several billion dollars to be made, is controlled by two or three or four enormous corporations. Oil, aviation, cars, health insurance, media, you name it. Every government attempt at regulation (or de-regulation!) is directed by the industries themselves and have the 'incidental' effect not of maintaining competition but eliminating and reducing competition and strengthening the oligopoly's hold on the market.

Karl Marx criticized capitalism. He predicted that corporations would continue to grow bigger and more powerful until governments could not longer control or regulate them. At that point, he said, national boundaries would lose their importance and these large, powerful corporations would become 'global capital', searching the world for the cheapest labor and resources and the richest markets. You don't have to be a communist to see that what Marx predicted is now coming to pass!

Answer 2

This country was founded on capitalism, but we have elements of socialism. Such like social security. We are FORCED to enroll it. And I don't understand what you mean by how capitalism can improve? Anyone can open a business and become a millionaire. Being an employee and getting benefits doesn't really have anything to do with capitalism. Capitalism is just the freedom to own your own business and the government gives you all types of benefits for doing so.

Answer 3

Get rich quick schemes in the capitalist business world, (buyouts, IPOs, conglomerates, acquisitions, mergers, and the stock market), do not actually work. Remaining solvent does not actually exist within false economics capitalism.

Profit existing in the capitalist business world, or millionaires existing within capitalism, is pathological deception committed by the 21 organizations spying on the population with plain clothes agents, (with covert fake names and fake backgrounds).

Actual economics is the persons paying the monthly business loan payments of companies voting at work in order to control the property they are paying for.

Capitalism is the psychology of imaginary parents, false economics, and the criminal deception of employees that are paying the bills (including the stocks and bonds, or shares) of companies.

Anti-democracy republicanism is the psychology of imaginary parents and false government.

Answer 4

Forget capitalism, move to libertarianism.
Les government, less power for the government. The people can make the choices for their lives and be responsible for it.
The market takes over and the prices are fair.
It's scary at first but it's the way to go.

Answer 5

IN the USA, capitalism could be greatly improved if the govt provided health insurance to all the people. Our system of giving health care through emploment, marriage, Medicaid and Medicare leaves tens of millions of Americans without health insurance.

We need to make employers hire only people who are legally in the USA in order to provide more jobs for the unemployed and raise wages. Bush and his corporate masters want an unending supply of cheap labor and cheaper high-tech workers in order to keep wages down.

Answer 6

Could capitalism get any worse then?

Rule 1 : Always charge what the market will bear.

Rule 2 : Only ever pay enough

Answer 7

What you are complaining about isn't capitalism, it's those that didn't do well under capitalism. Capitalism encourages you to capitalize on opportunities to improve the quality of your life. If you don't take advantage of the opportunities, the system will not treat you well.

Answer 8

Capital punishment for greedy CEOs caught violating the trust of the shareholder/owners.

Answer 9

Great! you're on your way to success!
Do it better faster and cheaper than the jerks who don't treat you right.
Get back at them by competing!
That's how capitalism works!

Answer 10

capitalism works very well, unfortunately the government interferes too much in our economy