Comment Re:The only way to fix it is to fix the rewards (Score 1) 86
> lay all the problems at "capitalism" a dog whistle for the USA
Well, those are distinct problems, economics (the social science) and authority figures.
But actually who said capitalism is the root of all problems in this case?
I know of no one who uttered the word that "capitalism is the root of all problems"
However, is that an actual point making the many posts speaking of end stage capitalism, or is from OP "With capitalism we are rushing off the side of a cliff."
not If you demand specific wording, no - I saw no such exact wording. But unless you are new here, there is a lot of hate heaped on "capitalism" Especially towards one particular country where there is a narrative that said country is run by capitalism. It isn't
How would capitalism do if the market accounted a lot better for negative social costs and the playing field's current maximum rate of unlevelness was rolled back?
Well, let's look at the country in question. Here in the USA we are not living under capitalism. We have a combination of corporatism, with a lot of socialism effects tossed in.
There are many benefits for people of low economic means. Free phones, free laptops, Heating oil assistance, low cost internet, section 8 housing (if you are not an American, Section 8 is a program where a low income person pays a small amount, perhaps a couple hundred dollars a month for their apartment and the Government picks up the rest) WIC- Women, Infants, & Children program giving free food. Medicaid for children and many adults. Medicare, Social Security disabled benefits for adults, and children, even Social Security benefits for children of older parents. We have food Stamp programs, we have free transportation for poor and retired people, including personal pickup and delivery for people living in areas not served by regular public transportation.
This does not sound to me like Capitalism in any shape or form.
These are things that don't get mentioned much. At one point in the past, I provided cites and links to all of this. It varies by state, but even deep red states have these programs.
How would capitalism do if the market accounted a lot better for negative social costs and the playing field's current maximum rate of unlevelness was rolled back?
You tell me. Should there be a maximum allowable salary? How do we make a completely level playing field? Force the driven not to work?
I have to note, I was born in poverty, and worked myself up to around top 10 percent. Zero help. Put myself through college, built a salable skillset. Doing 6 figures in retirement. So I'm probably in the group who need penalized for success.
So how do we deal with the driven vs the non-driven? How do we deal with those who build something? I built my money through frugal living and saving while young and then at around 50, really hit my stride. Waited until interest rates were down, then bought a house that's below what I was approved for, and paid it off in less than 15 years. Kept saving and investing. Don't want to turn this into Ol's financial classes though.
And I'm astute enough to know that not everyone is going to do that. But in the modern parlance, I am the bad person, and they must have the same economic resources as I do. So yes, I've been told I was part of the problem.
Now I might not be the brightest person in the room, but my experience has been that while some are whining about how bad it is that only some people have money, that the proper gestalt is a level playing field, I would propose that it really isn't possible to make that level playing field. Mainly because of different abilities and individual drives.
What do we do with the "obscene" rich, and the poor that are not driven or mentally capable on the other end. I've personally shown that with drive, a very poor person can work their way up that ladder. Takes hard work and financial smarts. No, not everyone has that combo. And here in the land people love to hate we have a way to help the people that might be stuck on the lower end of the economic scale, and don't really care about rising any further. I support such a system.
Now your solution for a level playing field?