Comment Re:bringing in more H1Bs will solve this problem (Score 1) 250
It's easier here and now to "tap into Capitalism for reasonable income" than most times and places.
Capitalism didn't exist in most places and times, so naturally. But it's getting harder to get or keep a job, and if you have one, it pays less than it used to. Which is perfectly logical from Capitalism's point of view - why pay people when you can invest in machines? - but the lack of disposable cash is slowly strangling the entire system.
Starting a business is still pretty straightforward - sure, health care requirement are more complex, and some industries just have to many regulations for small players, but that's not the norm.
Starting a business is a matter of creating a legal entity. Now what are you going to produce, who are you going to sell to, and how are you going to afford the capital to get started? You can't compete with multi-billion dollar companies on price, quality doesn't matter to people already starved for disposable income, and while you could take a loan most new businesses fail - and the banks know it too.
Or if, like me, you like passive investing, it's trivially easy to invest online with only small amounts to start with now.
Investing requires disposable income to begin with, and actually makes the systemic problem worse since it further lowers demand for end products.
"Capitalism" just means that the means of production are acquired by buying then, vs military conquest or cronyism.
Capitalism, as it's commonly used, also implies that production is demand-driven: people buy the products they want, this changes their relative profitability, which in turn shifts production resources to increase or decrease supply as needed. The problem is, as more and more people are made unemployed or fall into poverty despite having jobs, they no longer have the means (money) to communicate their desires, and the system breaks down. And to make matters worse, as demand slumps unemployment increases and wages fall, which drives demand down further, leading to a vicious circle - a tailspin, really.
The most painless way to fix the situation would be to institute an unconditional minimum income - citizen wage - to ensure demand stays up and even the unemployed can communicate their desires. However, as the prevailing ideal is still the "hero of labour" of the Industrial Era, this is unlikely to be politically feasible. Thus I suspect we'll be seeing a full-blown economic apocalypse - an utter collapse of Capitalism - before things start looking up.
If 3D printers ever mature, owning your chunk of the means of production will be easier still.
Not really. It simply means "end products" will be electricity and ink-equivalent.