The_Assimilator
Executive Member
I said whether we think it's ideal or not isn't relevant to the point.
My personal opinion? Economic growth and development at the base is ultimately the only sustainable long term solution. You can't play Robin Hood and then expect the structure to remain intact - capitalism itself is designed to counter any attempts to thwart it, hence the need for the artificial stimulus and control we see today. This is unnatural, and is setting us up for disaster. Raising the minimum wage hasn't sparked any significant economic growth I'm aware of, instead, countries which seem like shining beacons of its implementation for the most part only implemented it after reaching a form of economic maturity. If the market dictates a value, you can't counter this with minimum wage and think that there'll be no negative effects. Mark my words, history will judge us as fools should we continue down the path we've begun journeying on. Hard work, not education, should be (and originally was) the determining factor in career advancement and career opportunities.
As for the trickle down voodoo you talk of, it works in an economy without mega conglomerates manipulating markets...it just doesn't happen overnight.
If you look closely at the so-called "progressive tax systems" of countries like NZ, you'll notice sirens going off. They may seem to work now, but somewhere the bubble will pop - you just can't farm backwards forever and hope to get away with it.
Claiming that the bubble is going to pop, without providing any sort of evidence for that statement, isn't a very useful argument.
As for capitalism... you, like so many others, make the mistake of assuming that it is the only way to achieve economic prosperity and happiness. I suggest you read up on the post-scarcity economy.
