Millennials don't want to be coddled, they want jobs!

[frostfern]

156. Ugh

Real world capitalism doesn't work the way libertarian tards think it does. It works like the game of Monopoly. By its very nature there must be winners and losers and the majority will be losers. The winners usually succeed by some combination of effort, skill, privilege, and luck. Usually it takes all four. However, once a company becomes huge it then has the upper hand. Once it can afford to set up factories outside US soil and pay its workers slave wages it can really destroy the competition. With deep pockets it can cannibalize its competitors by buying up their assets for dirt cheap when they're losing out, much like in the game of Monopoly.

If you really think about it most small businesses don't truly generate wealth. If you try to start a restaurant in a poor neighborhood with no middle class, where exactly is the money you want to pay the people you hire going to come from? It has to come from people with disposable income who can afford the luxury of eating out? Where does this money have to come from? It has to come from other employers, either people in skilled professions (lawyers, doctors, engineers, etc..) who either work on a contract basis or people hired by big firms. The big firms with the deep pockets are the real source of the wealth, along with the educational institutions that teach the skills. The little restaurants and mom-and-pop shops do not create the wealth. They simply feed off it and spread it more widely in the local economy. In the end it's the big firms that control most of the economy. Without them America would become a third world slum. Mom and pop shops simply wouldn't be able to exist. That's just reality.

But the thing is the massive firms are dependent on our laws and infrastructure, paid through taxes. So I think Government has both the right and the sufficient leverage to insist that large companies that want to do business have some obligation to keep wealth circulation by actually hiring people and paying good wages so their employees have money to spend at shops and restaurants to keep them in business. The idea that everyone can just start a small business and magically grow money for themselves in a shitty economy where the big firms are all cutting wages and gutting workers such that nobody has anything to spend is shear idiocy.