General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forumsrhett o rick
(55,981 posts)Capitalism is getting as much as you can however you can. It's just "business".
tridim
(45,358 posts)Because it doesn't fit your definition at all.
Costco makes capitalism work for everyone involved. A fact has been proven countless times over the years.
If they can thrive in our hellish capitalist structure, so can Walmart. They just choose not to, because they are assholes.
EOTE
(13,409 posts)Costco is the exception, not the rule. If all businesses were like Costco, we'd be in good shape. As it is, I think they're just the exception that proves the rule.
rhett o rick
(55,981 posts)There are one hundred Walmarts or Mit Romneys or Penny Pritzker. Our capitalistic system relies on business owners not being assholes to keep us from being ripped off. The few controls in our capitalistic system isnt preventing the Romneys and Pritzkers from stealing the wealth from the middle class. Just think how bad it would be if we removed the few controls we have. That would be real capitalism. The capitalism that Ayn Rand dreamed about. The rich get richer and the poor die.
tridim
(45,358 posts)You ID'ed the problem as simply "capitalism", based on an interpretation of the definition when taken to the worst possible extreme. That's not the definition of "definition", that's spin.
I don't know, this just all seems like a throwing the baby out with the bathwater type of thing.
If one company can thrive in the current system, any company can. Last I heard, Walmart is struggling.
rhett o rick
(55,981 posts)much of a system. And if you havent noticed, we are in a huge hole because we have let corporations like Walmart run loose. I would like to see evidence that Walmart is struggling.
Wal-Mart is bigger than Home Depot + Kroger + Target + Sears + Costco + K-Mart combined.
Read more at http://www.snopes.com/politics/business/bigwalmart.asp#Av35ef2jRgqrzAwz.99
Bottom line capitalism without controls is not compatible with having a middle class. Slavery is the ultimate goal of capitalism regarding the lower classes.
L0oniX
(31,493 posts)Enthusiast
(50,983 posts)Major Hogwash
(17,656 posts)In case no one here knew what Bush's agenda was while he was in the White House for 8 years, that was the top item of the Rethuglicans' agenda . . to bankrupt the Social Security system.
The only way the Rethuglicans could even hope to win their argument to privatize Social Security was to stop creating jobs.
That's why Bush didn't create any jobs while he was the President.
This massive loss of American jobs would, in turn, cause a huge loss in the gross contributions made to the Social Security trust fund.
At the very same time that the largest segment of American workers were retiring -- the baby boomer generation -- who was just starting to receive their Social Security payments.
Then, they claimed that private citizens would be more capable of investing their own Social Security funds themselves, rather than have them managed by the federal government's Social Security department.
Then, they would rip those private citizens off of their investments, the same way the banks have ripped off private citizens in this country for the last 150 years.
The GOP party hates FDR to this very day.
And the first item on their agenda ever since WWII ended, was to get rid of the Social Security retirement system.
rhett o rick
(55,981 posts)bill will come do sooner or later.
Brigid
(17,621 posts)According to experts in "The Crumbling of America" on the History Channel. And that is just to do the needed work to raise the overall "grade" they gave it in its present state from a D to a B. And that was back in 2008 or so, when the documentary was made. God only knows what it is now, with so little attention having been paid to this issue.
AZ Progressive
(3,411 posts)doing to America. They are either foolishly and stupidly (and not realizing that) they are gradually destroying the American economic engine (that depends on people having money to spend), or they just don't care (because they have a pillage/plunder mentality.)
I think it's Right Wing ideologies that have taken over much of the business world, increasingly since Reagan. Ideologies that believe that business out to be run with an iron fist and everything possible to extract as much profit (except CEO pay) should be undertaken, that the CEO (or the control group) is the dictator or lord and the workers are the peons/slaves/servants or at least "should submissive and be appreciating that they have a job" (and "how dare they try to collectively bargain!" and all that matters is extracting as much profit as possible, and the only people that should be pleased are the shareholders (and thus the customers and workers don't count.) This results in mistreated and underpaid workers, and badly designed and poor quality products (or even ought right deception to customers) as well as harm to the environment.
Costco proves how much better businesses could be if they adopted more Democratic / Center Left ideologies. It's the Business World's adoption of cold blooded right wing ideologies that is at fault of the ruinous nature of the business world in society nowadays.
KoKo
(84,711 posts)And, it was asked as an "honest question" by the Host. The Harvard Business School GURU who was asked the question...Answered: "That's a Good Question you asked, Tom."