3 ms·

That's the natural order of unregulated labor-based capitalism.

by warfangle 10y ago

aminok 10y ago
This is the natural order of human nature. But it turns out that when you let people profit off of the productive capital they own, they end up investing a significant portion of their income into creating new capital. This process of profit motivated investment leads to an increase in goods/services being generated per capita, and consequently, less need for manual labour, more leisure time, and a higher standard of living, for the masses: http://www.csmonitor.com/World/2016/0207/Progress-in-the-global-war-on-poverty http://www.csmonitor.com/World/2016/0207/Progress-in-the-glo... >Almost unnoticed, the world has reduced poverty, increased incomes, and improved health more than at any time in history. ^ improvements in the standard of living is the natural order of the world and even more so when there is a free market in place, as historical cross-country comparisons show us. These attempts at making edgy anti-capitalism comments, which essentially imply that we should impose authoritarian prohibitions, that abridge the right to private property and engagement in voluntary market transaction, are embarrassing.
- dv_dt 10y ago
  I think this is going too far in taking the criticism of an edge failure of capitalism as an attempt for wholesale elimination of capitalism.
roywiggins 10y ago
It's the natural order of regulated capitalism, the regulations just enforce a floor. The incentive to get as low as possible is still there- companies will push edge cases that aren't regulated until someone notices and builds a floor under that, too. I should say, it's the natural order of regulated capitalism in the absence of strong unions. If you have unions they can push back against crappy working conditions on their own, with only nominal government backing (ie laws that encourage and legitimize unions).

3 ms·

That's the natural order of unregulated labor-based capitalism.

by warfangle 10y ago

That's the natural order of unregulated labor-based capitalism.

aminok 10y ago
This is the natural order of human nature. But it turns out that when you let people profit off of the productive capital they own, they end up investing a significant portion of their income into creating new capital. This process of profit motivated investment leads to an increase in goods/services being generated per capita, and consequently, less need for manual labour, more leisure time, and a higher standard of living, for the masses: http://www.csmonitor.com/World/2016/0207/Progress-in-the-global-war-on-poverty http://www.csmonitor.com/World/2016/0207/Progress-in-the-glo... >Almost unnoticed, the world has reduced poverty, increased incomes, and improved health more than at any time in history. ^ improvements in the standard of living is the natural order of the world and even more so when there is a free market in place, as historical cross-country comparisons show us. These attempts at making edgy anti-capitalism comments, which essentially imply that we should impose authoritarian prohibitions, that abridge the right to private property and engagement in voluntary market transaction, are embarrassing.
- dv_dt 10y ago
  I think this is going too far in taking the criticism of an edge failure of capitalism as an attempt for wholesale elimination of capitalism.
roywiggins 10y ago
It's the natural order of regulated capitalism, the regulations just enforce a floor. The incentive to get as low as possible is still there- companies will push edge cases that aren't regulated until someone notices and builds a floor under that, too. I should say, it's the natural order of regulated capitalism in the absence of strong unions. If you have unions they can push back against crappy working conditions on their own, with only nominal government backing (ie laws that encourage and legitimize unions).