General Discussion
In reply to the discussion: Capitalism is NOT a dirty word. [View all]AtheistCrusader
(33,982 posts)For instance, compare the economy of Washington State, with it's highest Minimum Wage in the country ($9.32), to oh... the economy of Georgia or Wyoming where it's $5.15. And if you're a tipped worker, you can make even less in those states. Not so in Washington. The minimum wage in WA applies to everyone except underage workers in school, who can be paid 75% of the minimum wage. (Still higher than Georgia or Wyoming LOL)
WA's economy is kicking ass, and there's a reason for it. And that DOES benefit the vast majority.
http://www.usgovernmentspending.com/compare_state_spending_2014b40a
Compare state/federal welfare spending between those three states, GDP, population, and growth.
Capitalism isn't necessarily evil, UNREGULATED capitalism is fucking horrific. With proper controls, it can be amazing.
Germany and the US both have mixed-market economies, but Germany is kicking our asses, and that's mostly because of the controls put upon capitalism, that benefit labor. They have a capitalist economy, but it has social controls.
best of all worlds, really, implemented properly. Their health care system, also with social controls, is amazing compared to ours.