Quote:
Originally Posted by Skinsfan
I saw that same Obama tell people in Ohio that NAFTA and Free Trade were to blame for them losing their manufacturing jobs (even though job/industry "rotation" has been happening since the advent of capitalism)... he promised them he would restructure or eliminate NAFTA (even though the manufacturing jobs are going to China)... what he DIDN'T tell those pople in Ohio is that the elimination of free trade programs such as NAFTA would result in food prices moving upwards 200-300 percent very quickly (some economists argue it would be almost instant).... Obama loves to put the "worker hat" on people but refuses to put the "consumer hat" on people... what does that remind you of? I guess I'm just surprised that this Country went toe to toe with communism for roughly 50 years, and now we seem more than willing to open the front door of the white house to them.
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Come on, thats not fair, everyone knows at that point he was trying to win Ohio :p
Having studied Soviet style socialism in college, personally, I am happy with neither capitalism nor socialism. The former results in the accumulation of power the longer you do it such that the system is corrupt, and the other is socialism :)
More seriously, I struggle with this one. No incentives mean you end up with nobody doing anything, cause without incentives, nobody will pick up **** jobs voluntarily. Nothing but cash incentives means power accumulates in the hands of too few, making government perform for capital and not for people. Karl Marx got that half right, which is why every generation results in fewer large organizations running everything - the well known concentration of capital.
I don't know the answer. I am reading about a concept called social capitalism, a concept coined by an Indian guy Mohammed Yunus, where companies take their profits and reinvest them in social goals rather than dividends back to shareholders. Apparently, these entities called Grameen entities are quite popular in India, where banks under this charter do a lot of microlending to very poor people.
My head hurts. I need a beer :)