'We're in trouble.' Business says it's time to put social compact aside and disrupt economy

[OhYeah84]

So you're the other kind of annoying person then...the one who likes to complain but has no solutions/suggestions?

Seems to be yes. Happy with capitalism though.

 

[Oldfut]

Maybe one needs to expand the "huge corporations" theme just a bit. The greatest benefit of these is to the shareholders, mostly passive from all pension funds to most unit trusts held by individuals they provide a good source of saving. The key to the best system I think is a large middle class; people who earn enough to have leisure time, cover expenses to a healthy level and can retire modestly but securely (personal safety is massive as reagrds "happiness" I think). Look for the system / country that has this and copy it?

"Capitalism" is a bit like democracy; to paraphrase Winston Churchill, "it is a crap system but better than anythiung else tried so far".

 

[Gnome]

"Free-market"

View attachment 1375925

There a multiple top level companies competing with each other.
Go draw the line on there for Eskom, because that is how communism would work, one company owned by the state.

 

[BeerIsNotGood...]

There a multiple top level companies competing with each other.
Go draw the line on there for Eskom, because that is how communism would work, one company owned by the state.

Careful now...

That's just too much damage one person can take

 

[Gyre]

There a multiple top level companies competing with each other.
Go draw the line on there for Eskom, because that is how communism would work, one company owned by the state.

I don't agree with that either, when one side has a monopoly, everyone as individuals gets blurred.

 

[Gnome]

I don't agree with that either, when one side has a monopoly, everyone as individuals gets blurred.

Communism's whole game is a state owned monopoly.
You realise that right?

 

[Gyre]

Maybe one needs to expand the "huge corporations" theme just a bit. The greatest benefit of these is to the shareholders, mostly passive from all pension funds to most unit trusts held by individuals they provide a good source of saving. The key to the best system I think is a large middle class; people who earn enough to have leisure time, cover expenses to a healthy level and can retire modestly but securely (personal safety is massive as reagrds "happiness" I think). Look for the system / country that has this and copy it?

"Capitalism" is a bit like democracy; to paraphrase Winston Churchill, "it is a crap system but better than anythiung else tried so far".

It is better than anything else, but it is still crap. Everything we accuse every form of system over, capitalism has the exact same problems - how these systems coerce their population is just different.

 

[Gyre]

Communism's whole game is a state owned monopoly.
You realise that right?

You think in me criticizing capitalism, I am promoting communism?

You realize that defending a system that promotes hard work by allowing it to gather a monopoly on generating passive income, passing that wealth on thru inheritance or filtering it to a centralized point is doing the same things communism/kings used to do?

 

[Gnome]

You think in me criticizing capitalism, I am promoting communism?

Fair enough

 

[The Darkness]

If businesses were serious they would start pumping funding into political opposition parties led by the DA and push media to change the narrative. Money always wins.

I used to believe this, but the DA are not the answer anymore.

 

[Gyre]

Fair enough

In comparison, look up the definition of feudalism

 

[BeerIsNotGood...]

I used to believe this, but the DA are not the answer anymore.

Then who is?

 

[Oldfut]

I used to believe this, but the DA are not the answer anymore.

Especially with racist corrupt incompetents like this stopping what seems to be a good cause, all about politics, ANC style.

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www.iol.co.za

 

[konfab]

Capitalism doesn't work that great either.

Capitalism's problem is that it works too well. So well that its beneficiaries take everything it does for granted.

 

[WizardOfAges]

You think in me criticizing capitalism, I am promoting communism?

I received the same reaction. I wouldn't expect people who only see the world in black and white, right and wrong, and all the other absolutes, to be able to understand that criticizing one thing doesn't make you an automatic supporter of the opposite.

 

[Howdy]

I received the same reaction. I wouldn't expect people who only see the world in black and white, right and wrong, and all the other absolutes, to be able to understand that criticizing one thing doesn't make you an automatic supporter of the opposite.

This is mybb. You either have to go full hog retard one way or the other. No moderate realistic views allowed, that only results in "if you're not with us, you're against us" double jeopardy.

 

[Vrotappel]

Contrary to popular belief, too big to fail companies actually remove competition from the market.

As for better products at lower prices, I'm directly experiencing the back-end of this. And believe me, the product could be so much better if the squeeze was removed.

When something is to big to fail and governments bails it out, it is no longer capitalism.

 

[HermeticAnarchist]

The market is not free. If it was free I would be able to buy whatever I want from whomever I want.

I can't, so it's not.

Corporations can only survive in an unfree market.

 

[Vrotappel]

Small businesses disappearing is due to powerful capitalists lobbying politicians to make it difficult for new entrants to survive.

Nah BEE and AA. That kills small businesses.

 

[Senor]

Capitalism's problem is that it works too well. So well that its beneficiaries take everything it does for granted.

Companies like Twitter being valued at absurd amounts is an indication of where capitalism is headed . If Twitter ceased to exist tomorrow, nobody would die,life would be largely unaffected.
if agricultural assets and infrastructure worth the equivalent amount were to cease to exist tomorrow, the result would be far more significant. The western "value" system has become absurd, unsustainable and, frankly, ridiculous. Kids making YouTube videos of absolute trash and earning millions of dollars for this, is long term sustainable in which universe?