lightly, on 24 January 2013 - 01:34 PM, said:
capitalism |ˈkapətlˌizəm|
noun
an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.
The problem we are seeing is.... these private owners of trade and industry have become so powerful that Government has become a means to their ends. Nearly every governmental policy and action is on behalf of , or benefits, the most powerful Capitalists . Often now, the economic plan precedes the legislative means to facilitate it's accomplishment .
Power corrupts... Wealth is Power... In a democratic republic, Something is needed to balance the power of wealth with the common good. That should be Our government's role.
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I agree with some of what you have said here but I see the problem is that the "Government by the people and for the people" has been taken over by the private owners of profit. Making a lot of money apparently was not good enough, they wanted to limit the abilities of others to do so and control their lives and educational opportunities. THIS is the real problem that many do not seem to see.
No, it is not ok that most of our representatives are wealthy elitists that are either corporate owners or major stockholders or financially backed by such. They have absolutely no clue what an average day for an average person is like...never mind those that have to struggle and decide to pay bills, have food or medicine. That is NOT proper representation by the percentages...period.
Capitalism and true, free markets are not evil...it is what people do with that freedom that is evil.
I am self employed. I get to work whatever hours I choose to work as long as I meet my deadlines. I could make more money if I went back to a corporate ball and chain but I value my freedom as much if not more than I do money. I also get to choose what kind of work I am going to take rather than having a corporate bureaucrat dictate my next assignment. Anyway, that's sort of off topic but not totally. I participate in capitalism and free markets. I receive a bid package for a project. I look at it and if I feel it is something I would like to do, I put a bid in. I also know others are going to be bidding on that job so I am forced to look long and hard at my prices in order to be competitive...this is free markets... I can try to demand top dollar all the time and sometimes I might get it because of reputation or demand...I can also throw out a crackhead price and try to undercut my competitors...or I can try to right a reasonable price that will get attention and then negotiate a contract...this is what I normally do.
What we are experiencing today, for the most part, is not true capitalism and free market. Big money corporations and lobbyist can dominate any particular discipline to the point of appearing to be a monopoly... but are so clever in design and structure as to never have to face that accusation in a court of law...again, for the most part.
Edited by Jeremiah65, 27 January 2013 - 01:02 AM.