It’s rare that I get into a political rant, so enjoy it, or not. I think there are good things about capitalism, but in a system where productivity is king and money is the bottom line, greed is always going to be encouraged. Generally speaking, capitalism is good because businesses are encouraged to produce a new products and improve old products. This works pretty well. The big problem comes when there’s a new idea (or potential product) that’s far superior to an old product but not as profitable for the company. Maybe the upkeep cost is very minimal, so the company won’t continue to make money on supplies for the superior product, or maybe the infrastructure isn’t in place for this new product, or the idea/product is owned by a small company or a couple of individuals and the idea/product is bought by a threatened company and quietly crushed forever.
An example of this might be the electric car. The oil industry big wigs are threatened by the possibility of removing our dependence on oil, so they use their power (aka. money) to buy support for their product. They start propaganda movements that undermine the new product: electric engines can’t accelerate like gas engines…BS; they say that the range that EVs have is unacceptable. Well in fact, for the majority of drivers, the range is more than enough.
That’s just an example. My point is that while sometimes consumer interest and the capitalist’s interest sometimes align, ultimately they will diverge. Only if the producers have integrity and do what’s right, instead of what turns the most profit, capitalism (or any other type) will destroy the world.
massel Said:
on May 6, 2010 at 8:07 am
idk dudette. you can generalize capitalism like this. This country was founded on Immigrants and Capitalism. You are basically slapping our ancestors in the face if you just say ALL capitalism is greed.
I agree, it CAN lead to greed and does on many occasions im sure. But Generalizing it doesnt explain the whole story. I mean you can generalize basically anything………Weather is HORRIBLE, well ya it might be horrible here or across the world but in other parts it isnt horrible and you are just generalizing the problem.
baysideufl Said:
on May 6, 2010 at 12:02 pm
I hear ya, but I still think it’s true. But it’s not JUST capitalism, it’s any economic system…communism/socialism, capitalism, however else you classify economic systems. The only thing that saves any and all systems integrity. Specifically integrity regarding God, because God is the true standard of love, and love is about the welfare of people and not the system. When any system is in place and people aren’t the first priority, something bad is going to happen. It the case of capitalism, it’s greed and accumulation of wealth. In communism, it’s corruption in terms of governmental power and extreme poverty is the result. Every system has it’s corruption that it can fall into, and it will unless there’s another motivation past the system.
massel Said:
on May 10, 2010 at 5:29 pm
aight girlfriend, i c where u be comin frm
baysideufl Said:
on May 10, 2010 at 8:42 pm
Yeah no disrespect to our forefathers. Just you, ma’am