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People's general lack of education on "Capitalism" baffles me. > “If we don’t invent a new capitalism, absurd economic solutions will win over and sweep us str

People's general lack of education on "Capitalism" baffles me. > “If we don’t invent a new capitalism, absurd economic solutions will win over and sweep us straight into recession,’’ Le Maire said in an interview late last month. > A key example for him is Italy, where the populist government came to power riding a wave of public anger. It quickly threw out the rulebook on fiscal responsibility, sent bond yields higher and confidence lower, helping to push its economy into a slump. An example of a failed fiscal policy is a government who gave up on fiscal responsibility. No shit Sherlock. > “If we want capitalism to hold together work must be better paid,” Le Maire said. “There comes a moment when workers won’t tolerate it any longer.” If you want better paying work: find a better paying job. If you can't get employed in one, develop/learn marketable skills to do so. If you want freedom from "finding work", create your own value by starting a business. The system is fine. Sure, the system can have added "benefits", but it's not the system that is broken — it's the people.

taobility 8y ago
when the broken people is number enough, they could blame the system is wrong. 1+1 can not equal to 2 when most people agree with that.
mikeash 8y ago
If the people are broken, then by what measure is the system fine?
longerthoughts 8y ago
>If you can't get employed in one, develop/learn marketable skills to do so Tell this to a single parent working multiple jobs. When are they supposed to be brushing up on their web development skills? >If you want freedom from "finding work", create your own value by starting a business Not everyone can afford the startup costs and risks of starting a business. >it's not the system that is broken — it's the people Do you believe wealth is perfectly correlated with behavior that improves society? I believe that history provides countless examples of the merits of capitalism and it's helped us achieve things that were previously unimaginable, but I don't think that's enough to say we can't do better for more people.
AnimalMuppet 8y ago
If you want better paying work, have the government stop taking more than 50% of the money. (I don't mean that the government charges 50% taxes on workers. I mean that, in France, government consumes 50%+ of GDP - or so I understand.)
- avmich 8y ago
  We've generally tried that. Turns out there appear strong ones who bend the rules to their wishes. So we had to gather together to defend ourselves from such behavior. Here we see another iteration of power grab - and another iteration of defense. Government isn't only the burden, it also serves some purposes.
  - AnimalMuppet 8y ago
    I agree that government serves some purpose. I agree that it's necessary to keep the strong from devouring the weak. But half the GDP? Is that much government necessary? And if it is, then you don't get to complain that work doesn't pay very well. You're taking the rest of your compensation in the form of government.

taobility 8y ago

when the broken people is number enough, they could blame the system is wrong. 1+1 can not equal to 2 when most people agree with that.

mikeash 8y ago

If the people are broken, then by what measure is the system fine?

longerthoughts 8y ago

>If you can't get employed in one, develop/learn marketable skills to do so Tell this to a single parent working multiple jobs. When are they supposed to be brushing up on their web development skills? >If you want freedom from "finding work", create your own value by starting a business Not everyone can afford the startup costs and risks of starting a business. >it's not the system that is broken — it's the people Do you believe wealth is perfectly correlated with behavior that improves society? I believe that history provides countless examples of the merits of capitalism and it's helped us achieve things that were previously unimaginable, but I don't think that's enough to say we can't do better for more people.

AnimalMuppet 8y ago

If you want better paying work, have the government stop taking more than 50% of the money. (I don't mean that the government charges 50% taxes on workers. I mean that, in France, government consumes 50%+ of GDP - or so I understand.)

avmich 8y ago
We've generally tried that. Turns out there appear strong ones who bend the rules to their wishes. So we had to gather together to defend ourselves from such behavior. Here we see another iteration of power grab - and another iteration of defense. Government isn't only the burden, it also serves some purposes.
- AnimalMuppet 8y ago
  I agree that government serves some purpose. I agree that it's necessary to keep the strong from devouring the weak. But half the GDP? Is that much government necessary? And if it is, then you don't get to complain that work doesn't pay very well. You're taking the rest of your compensation in the form of government.