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DTRV

(56 posts) Wed Jun 16, 2021, 07:54 PM Jun 2021

The Probelm With Capitalism [View all]

The problem with capitalism lies in the fact that owners determine the salary of workers as well as themselves. Are owners inherently the most valuable members of businesses? This is a question that is posed to everyone who is reading this thread. I ask you to seriously ponder this question because this question could ultimately answer whether capitalism can be reformed or should be replaced by another economic system.

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The Probelm With Capitalism [View all] DTRV Jun 2021 OP

I would say that how well an owner accurately makes that sort of assessment determines whether their Hugh_Lebowski Jun 2021 #1

Capitalism isn't really a system Silent3 Jun 2021 #2

That's a peculiar statement. PETRUS Jun 2021 #30

You're listing a lot of acts of aggression and greed Silent3 Jun 2021 #34

... PETRUS Jun 2021 #35

I am not unfamilar with the historical perspective you're talking about... Silent3 Jun 2021 #36

I agree wholeheartedly with your final paragraph. PETRUS Jun 2021 #40

I guess a bunch of words need qualification Silent3 Jun 2021 #54

Thanks for continuing the conversation. PETRUS Jun 2021 #55

Big Corps with stocks are hogtied to making a profit for the stockholders and taking from the... Brainfodder Jun 2021 #3

but it didn't use to be this way slightlv Jun 2021 #19

Thanks for your thoughtful post. smirkymonkey Jun 2021 #22

I am well aware, that is why I am furious. Brainfodder Jun 2021 #25

Capitalism relies on inventiveness to solve a problem. cachukis Jun 2021 #4

What other economic system functions as well? comradebillyboy Jun 2021 #5

It can't be reformed I_UndergroundPanther Jun 2021 #6

It has to be reformed for it to continue. Adam Smith's analysis cachukis Jun 2021 #8

I never managed to finish reading The Wealth of Nations Sapient Donkey Jun 2021 #26

Appreciate the insight. Didn't finish it either. cachukis Jun 2021 #28

By the way, have you read Sapience by Harari? cachukis Jun 2021 #29

It's about power in ownership. RegularJam Jun 2021 #7

I agree slightlv Jun 2021 #20

The real problem with (under-regulated) capitalism is inevitable concentration of wealth Mysterian Jun 2021 #9

Owners? Who are the owners? MineralMan Jun 2021 #10

The question isn't really about Capitalism per se. Happy Hoosier Jun 2021 #11

Truthfully, customers and the stock market determine what owners make Hoyt Jun 2021 #12

Perhaps it's consumer wisdom versus moneymaker wile. cachukis Jun 2021 #13

I've always thought ymetca Jun 2021 #14

Humans have needs that must be met, or we die. MineralMan Jun 2021 #16

Agreed! ymetca Jun 2021 #18

That's a non-sequitur. PETRUS Jun 2021 #31

Not really Zeitghost Jun 2021 #33

No such centrally controlled system has ever succeeded for long. MineralMan Jun 2021 #38

No, I described commerce. The exchange of something valuable for MineralMan Jun 2021 #37

Huh? PETRUS Jun 2021 #41

All economic systems function on an exchange basis for transactions. MineralMan Jun 2021 #43

I don't require your interest. PETRUS Jun 2021 #44

That's good. MineralMan Jun 2021 #45

Some thoughts. PETRUS Jun 2021 #50

In Norway, it is considered KT2000 Jun 2021 #15

Capitalism can only work if it is tightly regulated to protect labor, consumers and the environment ShazamIam Jun 2021 #17

Capitalism is the balls of nature. Condoms, meh, birth control cachukis Jun 2021 #21

So exploiting others is natural. I disagree when the evidence shows that we advance when we ShazamIam Jun 2021 #23

Not saying I am fond of the capitalism within which we live, cachukis Jun 2021 #24

Owners are the most valuable members of a business. Mosby Jun 2021 #27

There are very few large enterprises that are individually-owned. MineralMan Jun 2021 #39

Employers do not set wages Zeitghost Jun 2021 #32

Republicanism is the problem with Capitalism gulliver Jun 2021 #42

This! peggysue2 Jun 2021 #48

Thank you. betsuni Jun 2021 #51

What would you replace it with? MoonRiver Jun 2021 #46

That is precisely the question, isn't it? MineralMan Jun 2021 #47

Exactly! And I still await the OP's rebut. MoonRiver Jun 2021 #49

Something about a revolution where the workers rally, speaking truth to power, billionaires are betsuni Jun 2021 #52

As a small business (law firm) owner, I think your premise is incorrect. TomSlick Jun 2021 #53