SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Perspective who wrote (72692)10/24/2006 8:46:47 AM
From: Horgad  Respond to of 110194
 
Capitalism is a fundamentally flawed ideal. Everybody may in theory start out on equal footing (like a game of Monopoly), but that quickly changes as the game progresses. As soon as one person gains more wealth than the crowd, the odds tilt in his favor of gaining even more wealth and in favor of the poorer people staying poor. End game occurs when one person owns everything. It might be great to be born at the start of the game, but it would really stink to come to the table late...

On the positive side capitalism has made the US into the powerhouse that is today. Capitalism is hands down the best system known when it comes to motivating people. (Greed is a powerful motivator and capitalism plays right into that.)



To: Perspective who wrote (72692)10/24/2006 9:11:45 AM
From: Travis_Bickle  Respond to of 110194
 
"At its foundation, a system in which you are rewarded in proportion to your efforts"

"We need to return to a true capitalist system, a system in which you are rewarded in proportion to your productive output."

I don't see what either of those things have to do with capitalism. Imo you are more likely to be rewarded in proportion to your productive output in a communist nation (at least that was my family's experience after the cuban revolution). What capitalism offers is the chance to be rewarded in a way that is totally out of proportion to your productive output.

If I were faced with being rewarded in proportion to my productive output for the rest of my life I would become deeply depressed, as my goal is to be totally unproductive, so much so that a patch of moss seems wildly productive in comparison.