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@secularmerlin
Capitalism creates inflation. It is part and parcel of the system. Busts and booms are also built in.
Capitalism has no power to print money. Governments do.
See Venezuela for Exhibit A.
Capitalism creates inflation. It is part and parcel of the system. Busts and booms are also built in.
Capitalism has no power to print money. Governments do.
And yet capitalism requires money to be printed.
The value of money is maintained by the will of the people not the government...
Since the conversion from the gold standard to floating exchange rates, supply and demand determine currency value more than ever, but governments set those policies.
working as much as they can and as hard as they can.
Capitalism exists for the sole purpose of generating profit. Anything else that comes of it, good or bad, is merely an unintended consequence.
I agree we live in a world where workers are exploited
Why are you so fixated on Marx?
If your goal is only to work min wage,
The unintended consequence is what causes society to improve.
If you think capitalism sucks, sell your computer, sell everything you own, and give the money to the poor if you really don't care about money.
Because your arguments are Marxian. You're following a rock, who cannot even, and never did run a lemonade stand; perhaps the bare bones of capitalism. Follow who has already achieved, and copy their style, not Marx. Think, and do like them, not Marx. You may not even be aware of who Marx is. Burnham doesn't, either, so why is he a role model? He's a kid who found a candy store.
I don't believe this is anyone's goal.
Many people do not have the luxury of turning down full time minimum wage work last they suffer homelessness, destitution and starvation.
you don't know what it is like to struggle with food security and financial stability.
People ought to he fed and housed.
The unintended consequence is what causes society to improve.Only if improving society is not your intention.
It is odd that you are recommending that I lose everything when I want everyone, including you, to have enough.
In order for capitalism to function, you must benefit your society in order to get paid.
However, you are a thief if you give other people's money away.
Labor doesn't get stolen. It is exchanged at a mutually agreed rate.
If it wasn't for the 1%, we'd be living like the Amish.
Those who own the means of production refuse to share even scraps of their wealth
unless we agree to whatever wage we are offered
or be subjected to possible destitution, homelessness and starvation enforced by the implicit threat of police violence by the state.
There is generally excepted to he a disparity in wages with white men getting on average more scraps and more opportunities for employment, advancement and also for being extended credit than a woman or person of color.
It would be impossible to "live like the amish" without first engaging in capitalism to the degree at least which affords you the price of land upon which to build.
Jeff Bezos does not deserve more money than a nurse or a first responder or someone who works with disabled children or someone working to make beneficial medicine but he makes more than any of them will make in a life time.
but he doesn't deserve a billion dollars because no one is entitled to more than they need as their neighbors starve.
You are no more responsible for this system than I am but that you are gain more benefits under the system than most people did does not make it a good system just one that arbitrarily favors you.
"If it wasn't for the king you wouldn't have this tiny amount of money".Should we now get on our hands and knees and bow down to king bezos and his majesty bill gates?