But in capitalist systems the bottom lives better than the entire pyramid under communism. When the rich get rich under capitalism, the poor do too. Capitalism has lifted 4 billion from poverty in my less than 4 decades on Earth. Conversely, communism has killed 100 million in 100 years, and a majority of the population those living u…
But in capitalist systems the bottom lives better than the entire pyramid under communism. When the rich get rich under capitalism, the poor do too. Capitalism has lifted 4 billion from poverty in my less than 4 decades on Earth. Conversely, communism has killed 100 million in 100 years, and a majority of the population those living under communism struggle for adequate food. Stop focusing on the few people neither you nor I will ever be in any societal system. Look around and be grateful for the system we live under that provides a better life for the vast majority than our great-grandparents could have ever dreamed of.
Ok but is China a Capitalist Country? In bed with us ? I believe in Capitalism but “Crony” capitalism is just greedy and overpowering to free enterprise
China is Crony capitalism. While it's economic system isn't as dysfunctional as a full socialist system, it's still dysfunctional (and that's before you consider the massive amount of slave labor). Our proxy rules for US based mega corp boards also represent crony capitalism. We aren't as bad as China or Russia yet, but we get closer by the day. Consolidation is a major threat to economic freedom, which in turn is a direct threat to personal freedom. Particularly when it comes to banking, healthcare, and big tech. I'm not a Libertarian because you end up at corporate communism, which is perhaps less bloody than government communism, but still incredibly harmful
Billionaires aren't too powerful because they have a lot of money, they are because the economic power they yield is exponential multiples of their wealth. Five CEO's direct 4.5 TRILLION in market capital with no meaningful oversight from the board. Seven bank CEO's oversee fully half of the financial transactions and debt for the entire country. That's terrifying, not Jeff Bezos using a securities backed loan to defer taxes on the maybe $50 million (tops) cash he actually spends in actual cash each year (which would be about $10million in federal taxes - a drop in the bucket to the governments almost $4Trillian budget).
Creating reasonable anti-trust that prohibits corporate execs with minimal ownership from directing huge segments of the economy through acquisitions and crony board nominations would do a lot for opportunity and this countries economy. I also think non-public professional companies that require a government license must be majority (51%) owned by someone with that license - from plumbers to hospitals to dentists to accountants. If you can't direct treatment without an MD, you shouldn't be in charge of treatment policies and protocols without one either....... that applies to most professions.
But in capitalist systems the bottom lives better than the entire pyramid under communism. When the rich get rich under capitalism, the poor do too. Capitalism has lifted 4 billion from poverty in my less than 4 decades on Earth. Conversely, communism has killed 100 million in 100 years, and a majority of the population those living under communism struggle for adequate food. Stop focusing on the few people neither you nor I will ever be in any societal system. Look around and be grateful for the system we live under that provides a better life for the vast majority than our great-grandparents could have ever dreamed of.
Ok but is China a Capitalist Country? In bed with us ? I believe in Capitalism but “Crony” capitalism is just greedy and overpowering to free enterprise
China is Crony capitalism. While it's economic system isn't as dysfunctional as a full socialist system, it's still dysfunctional (and that's before you consider the massive amount of slave labor). Our proxy rules for US based mega corp boards also represent crony capitalism. We aren't as bad as China or Russia yet, but we get closer by the day. Consolidation is a major threat to economic freedom, which in turn is a direct threat to personal freedom. Particularly when it comes to banking, healthcare, and big tech. I'm not a Libertarian because you end up at corporate communism, which is perhaps less bloody than government communism, but still incredibly harmful
Billionaires aren't too powerful because they have a lot of money, they are because the economic power they yield is exponential multiples of their wealth. Five CEO's direct 4.5 TRILLION in market capital with no meaningful oversight from the board. Seven bank CEO's oversee fully half of the financial transactions and debt for the entire country. That's terrifying, not Jeff Bezos using a securities backed loan to defer taxes on the maybe $50 million (tops) cash he actually spends in actual cash each year (which would be about $10million in federal taxes - a drop in the bucket to the governments almost $4Trillian budget).
Creating reasonable anti-trust that prohibits corporate execs with minimal ownership from directing huge segments of the economy through acquisitions and crony board nominations would do a lot for opportunity and this countries economy. I also think non-public professional companies that require a government license must be majority (51%) owned by someone with that license - from plumbers to hospitals to dentists to accountants. If you can't direct treatment without an MD, you shouldn't be in charge of treatment policies and protocols without one either....... that applies to most professions.