Quote:
Originally Posted by Baraka_Guru
If Obama is a socialist who hates capitalism, then why is he trying so hard to prop it up?
Closing loopholes such as these does many things. For one, it helps separate those companies who are actually in the business of finding, serving, and keeping customers from those who are blinded by the profit chase.
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This is true. If Obama truly goes through with this and it's just not lip service or he allows loopholes that get taken advantage of, I may rethink my opinion of him.
I have stated elsewhere that I believe the US should tax companies doing business here and enforce the same workers rights and federal regulations on companies overseas that do business here. This could be the start.
And before someone says that's "socialism".... no, because A) you do not have to do business in our country, B) it helps prevent companies from taking jobs from our country for cheaper labor and giving them to countries with no civil rights, workers living in squalor and child labor and C) it helps show that Capitalism and the free market (with some regulation) works better than any other system for ALL PEOPLES. This would increase a middle class and raise the standard of living in many countries thus opening more markets thus providing more profit in the long run.
The problem with that as a middle class grows so will demand for civil rights and so will the demand for government to be more responsive and responsible to the people. This will cause problems in China, India, the Middle East, Thailand, Mexico and so on. These countries will either refuse to do business here because of the above US mandates or they will have to change their governmental and class systems.
To allow what is happening to continue shows the US to be hypocritical in that we say our way is the best way, Capitalism and the free market are great.... but we're ok with buying products from people with no rights, living in squalor and having children work in sweatshops... just so long as it is not in our backyards.