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In reply to the discussion: Should capitalism exist for the benefit of the individual or the benefit of the people? [View all]chickypea
(30 posts)20. Human Beings are Inherently Selfish
Controlled capitalism can exist. I have no problem with someone making money, as long as they are not doing so on other people's backs.
In Europe, there is a different model of capitalism which insures that people are well paid for their labors, and CEOs do not earn 500% more than the average worker.
I lived in Switzerland, yes, the home of the rich, and there is no real poverty there. Most people would be considered "upper middle class" by American standards- there is no want.
Our brand of capitalism works on exploitation and greed. That is NOT good for society, and needs to be changed/destroyed!
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Should capitalism exist for the benefit of the individual or the benefit of the people? [View all]
kentuck
May 2012
OP
The existence of class society doesn't mean that socialism didn't also exist.
HiPointDem
May 2012
#57
I'm talking about financial risk, i.e. the risk of losing all or part of your investment.
badtoworse
May 2012
#19
Not really. Many investment risks can be studied, understood and possibly hedged
badtoworse
May 2012
#24
corporations existed. a lot of america was originally "settled" by corporations.
HiPointDem
May 2012
#51
Yes, and I don't know what the answer is -- I suspect that investment in the chartered companies
HiPointDem
May 2012
#62
Considering that the Buttonwood Agreement that formed the NY Stock exchange occurred
HiPointDem
May 2012
#66
I've heard that too, but I haven't studied it so deeply, though I've tried to at various times.
HiPointDem
May 2012
#72
Maybe we will see how wonderful all the utopian ideas are when Greece collapses and they can set up
dkf
May 2012
#17
switzerland can have "no poverty" because it profits from poverty outside its borders. it's not
HiPointDem
May 2012
#54
The whole premise of the "safety net" is that some will fail and need charity. That premise is
HiPointDem
May 2012
#55
ah, the old resort to human nature. yet humans do lots of things that aren't organized
HiPointDem
May 2012
#67
Our problem in this area is a matter of tradition, ideas, and our aversion to change.
Egalitarian Thug
May 2012
#80