The Capitalist System Is Decaying Because Of Its Own Contradictions

Wage and price controls are indicative of a lack of economic understanding. Socialism is indicative of a lack of economic understanding.

Controlling the border makes economic sense. Implementation of a guest worker program after the border is secure also makes economic sense.

Unemployment does not happen because of the profit motive. Some unemployment is systemic because of the way it is measured and some is the result of creative destruction as the market reallocates resources based on price signals. And it is much better for society to have low productivity workers employed at any wage with safety net supplementation as required.

It is not the job of the wealthy to create jobs for the sake of creating jobs. It is the fiduciary responsibility of the corporate management to return a profit which is indicative of market forces - if a profit cannot be made that is an economic signal that the corporation either needs to reduce the costs of production or close up shop because consumers are not willing to buy their products at the prices needed for the corporation to remain profitable. This is again creative destruction.

An unwritten but basic civil right of US citizens should be the right to a good education. Sadly many minority students have not had that opportunity. They are consequently of low productivity but can increase their productivity by being hired at low initial wages and thus are given the opportunity to increase their human capital through job experience and training. High minimum wage levels deny this opportunity and career path.

 

How are Hoover Dam and the Fed, a lack of understanding?

 

dudes, i am on the liberal and social left; and even I have more of a capital clue and more of a Capital Cause, than y'all do.

 

Marx said capitalism would self-destruct due to its own contradictions and be replaced by libsocialism. China said libsocialism was the most evil deadly malevolent idea ever conceived in human history and that it slowly starved 60 million to death while capitalism, the exact opposite, instantly eliminated 40% of the poverty on earth when they switched to it.

 

so what; we already know mixed market economies create more wealth due to the division of labor involved.

 

China and 132 others just proved the more mixed toward capitalism the more slow death and poverty would be eliminated. Libsocialism is the most evil malevolent idea ever conceived by man.

 

how many empty cities did capitalism commission?

 

none, and libsocialism many, demonstrating how stupid wasteful and deadly liberalism is and how brainwashed you are. 1+1=2

 

yet, the only holdup seems to be a profit motive for a price if social morals for free cannot accomplish that form of "dividend" for the People.

 

Profit is a signal sent from the free market that people are willing to pay more than it costs to produce the product. If there is no profit that product should not be produced and resources are shifted to other market sectors. Free market capitalism is responsible for the incredible strides in the standard of living in those countries employing it. And the number of countries using free market capitalism who have switched from a failed socialism economy continues to grow. Again please read "The Commanding Heights" for a country by country description of this. BTW the title refers to the failure of command economies run by gov experts. They don't work and are responsible for millions of deaths (China and the Soviet Union are the biggest offenders).

BTW, what does your post even mean ?? It seems to imply that a group of benevolent experts and moralists should be set up to control what is produced in an economy which sounds good until again you look at Red China and the Soviet Union. The problem is that the benevolent experts and moralists can not get anything done so strong men step in with devastating results.

 

The point is that "moving the goal posts" is what government does. I have no problem with capital Darwinism taking care of the rest.

 

What is capital Darwinism ??

 

Where capitalists compete under a new fixed Standard.

 

That ^^ is meaningless.

 

competition is meaningless? are you, incompetent to engage in capitalism?

 

Again I have no idea of what point you are trying to make. Some New Standard is referenced and then somehow competition is referenced related to that new standard. And then incompetence to engage in capitalism is claimed ??

What is you point ??

 

coin operated attention span?

Social services cost around fourteen dollars an hour. Unemployment compensation could be fourteen dollars an hour as an alternative and competition to, social services. A fifteen dollar an hour minimum wage imposed upon the private sector, would compete with public sector services. It is Capitalism. Why not use it for All of its worth?

 

You are not then able to explain your own statements ??

Where does that number come from ??

The individual is much better off with a job and safety net support if justified. The best job training is to have a job. Being a human is not sitting around watching Judge Judy all day.

 

Here is a link with some numbers. I think the other numbers were an average or something.

http://downtrend.com/robertgehl/welfare-payouts-top-20-per-hour-in-eight-states

A fifteen dollar an hour minimum wage would solve the problem of some people not wanting to work.

 

What does that prove ?? You can't support a family on a low wage job - there is nothing new here.

Raising the minimum wage results in some people (who want to work) losing their jobs.

 

Fifteen dollars an hour is around thirty thousand a year.

Structural unemployment happens regardless, merely for the bottom line.

Unemployment compensation is another solution to unemployment.

 

Unemployment compensation is a safety net provided by the tax revenues generated by capitalism to provide for the labor dislocations from the creative destruction process and of course economic downturn. It is structural in the sense that economic and standard of living progress is made via creative destruction. There is nothing static about this - it is a dynamic free market process which occurs on a daily basis but can be and is corrupted by crony capitalism (the gov picking winners and losers). Again profitability is the measure by which resources are allocated.

Economic growth and a work force which has been given the opportunity for a good education are the two most important factors required to employ the maximum number of people.

 

I am not sure what you mean. Capitalism merely requires capital to circulate. It is easier to make money, with money under Any form of capitalism.

Let's assume that social services and unemployment compensation could cost fourteen dollars an hour.

What is wrong with mandating the private sector to pay fifteen dollars an hour?

 

better to be $100/hr so they can have really nice lives

 

Nothing but diversion and that form of fallacy?

Capitalism merely requires capital to circulate. It is easier to make money, with money, under Any form of capitalism.

Let's assume that social services and unemployment compensation could cost fourteen dollars an hour.

What is wrong with mandating the private sector to pay fifteen dollars an hour?