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Originally Posted by Charlatan
I am not so sure that that is accurate. Capitalism is about the exchange of one thing for another... Who is the loser if I give you money in exchange for services or goods?
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Competition. On the bright side there is innovation, a hopeful devotion to providing quality service or producing high grade products. The dark side (if you consider it dark) giants like Walmarts can sink the smaller scale operations with convenience and lower prices. Personally, I won’t shop at Walmart because I don’t like their ethics and have a willingness to pay 2% more for a higher grade product.
As a whole I don’t think America’s application to capitalism would be successful, if opportunity didn’t exist. Anyone from any walk of life can achieve their financial goals- if they have 100% intention. There are not many situations that provide an atmosphere where someone can be born in poverty, work hard, and become as financially successful as they choose to be. The thought that the more successful a person is the more they should pay seems backwards. Perhaps if all I had known was learned from experience living in a socialist or communist society, then my mindset would differ. It’s too late to take the blue pill.
Denmark was found to be the happiest country on Earth. A majority of the population agreed that this was due to their expectations being low. IMO having the government completely pay for a college education, provide medical coverage, and even give males maternity leave is not worth the price of being taxed 50-70% of earnings.
We are all taking a test in the morning. The group is informed everyone taking the test is going to get the same grade of 75% (C). So regardless of how long or little time is devoted to preparing for the exam every will receive the same grade. Why study at all? That just seems like a dismal existence.