The benefits of Capitalism explained

[blindpig]

"The Unbelievable Truth About Sweatshops"

http://www.youtube.com/watch?v=O2sW2wt3nLU

This guy could be a 19th century Manchester mill owner, unbelievable indeed.

Capitalism, it ain't changed a bit.

[Scuba]

1. OMG. What a monster.

[Brickbat]

2. Wow, he has empty eyes.

[el_bryanto]

3. That certainly is awful

But of course I'm still in favor of a well regulated capitalism over other economic options.

Bryant

[blindpig]

5. Speaks volumes.

"well regulated Capitalism" is a chimera.

[el_bryanto]

11. Shrugs. What do you call Western Europe then? n/t

[blindpig]

12. Capitalist with a retreating socialist veneer. n/t

[el_bryanto]

13. So what economic system currently practiced do you favor?

[blindpig]

23. Why 'currently practiced'?

A socialist economy can only properly be developed in the absence of capitalism. As this has not been the case to date those contemporary socialist societies have struggled though they have brought great improvement to their people, nutrition, health, education, industrialization and other categories have been improved by the hundreds of percent.

Capitalism must expand or it dies, anything of potential profit must be gotten at for it's resources, labor and markets that the profit/growth machine purrs nicely. What we are seeing now is a glut of capital with nowhere profitable to go. The socialists societies had that profit potential and they have been assimilated, to the great detriment of their people.

[el_bryanto]

24. Because we've had revolutions at various times in various countries

and most of them haven't improved things that much. Radical changes are unlikely to work, in my opinion.

Bryant

[blindpig]

25. Radical change is the only way that significant change happens.

As I said this is something new, there weren't no manuals.

See Punctuated Equilibrium, it's how life works.

[el_bryanto]

26. Well, you are either right or wrong

If you are right, well, we will evolve that way anyway, regardless of my personal doubts. If not, well, I don't need to bring up the list of failed revolutions.

Bryant

[sufrommich]

4. China is a capitalist country? nt

[TheKentuckian]

21. Yup, centrally controlled capitalism economics and authoritarian government.

You know, fascism like we are heading toward.

[Dyedinthewoolliberal]

6. Ummmmmmmmmm

I don't know what to think, or say. So if not for sweatshops America wouldn't be an economic powerhouse? I think he is offering a simple solution to a complex problem.......

[blindpig]

7. Pretty much....

It is the same patter that 19th century mill owners used to describe their appalling behavior. By treating human labor as a commodity these practices naturally follow, in the competitive environment of capitalism it's always a race to the bottom.

[BOG PERSON]

9. that's because economists are ALL satanic nerds from hell

[hifiguy]

8. "Capitalism is the ridiculous belief

that the nastiest of men, acting out of the nastiest of motives, will somehow work to the benefit of us all."

attributed to John Maynard Keynes.

[txlibdem]

29. +1 -- I just call them psychopaths for short but that is a great quote

I think I've found my new sig line...

[BOG PERSON]

10. In France and in England the bourgeoisie had conquered political power.

Thenceforth, the class struggle, practically as well as theoretically, took on more and more outspoken and threatening forms. It sounded the knell of scientific bourgeois economy. It was thenceforth no longer a question, whether this theorem or that was true, but whether it was useful to capital or harmful, expedient or inexpedient, politically dangerous or not. In place of disinterested inquirers, there were hired prize fighters; in place of genuine scientific research, the bad conscience and the evil intent of apologetic.

http://www.marxists.org/archive/marx/works/1867-c1/p3.htm

[TBF]

14. So, these sweatshops are working out very well for them ..

from the Barbara Bush school of thought

[Ikonoklast]

15. Libertarian apologist for slavery.

We would all be next if they got their way.

[blindpig]

16. In case you didn't notice they're working on that, hammer & tongs.

It's what this world-wide capitalist craze for 'austerity' is all about.

[Ikonoklast]

17. They should be careful what they wish for.

Starving people haven't much to lose if they are dying anyway.

[me b zola]

18. I couldn't watch it all

I want to puke in his face

[blindpig]

19. That is the reaction of a normal human being. n/t

[southmost]

20. that was from The Onion , am i right?

satire? I hope...

[blindpig]

22. If only.....

Nope, that is the unvarnished voice of Capitalism.

Creepy, huh?

[SidDithers]

27. Makes me want to get up and sing The Internationale...nt

Sid

[TBF]

28. That's the difference between us Sid -

that movie encourages you to burst into song, and it makes me want to smash stuff.

[blindpig]

30. kick