Capitalism is wasteful

[Alexeht]

Tell what you want, but everyone has to admit that communism never worked, you cannot really control people (like commies tried to do) and it is unmoral...

[Low Hanging Fruit]

we definitely need more federal regulation of chairs

Its true. Walked into office max for a pepsi and saw 100s of wasteful chairs. Floor models. Boxes stacked floor to ceiling. Dinning chairs. Office chairs. Gaming chairs. What has capitalism done to chairs? It used to be about trying to enslave the 3rd world, ruining the lives of employees for profit, and driving other business out of business destroying to lives of hundreds at a time. But now, chairs... CHAIRS... they are everywhere!

[Seranthor]

Its true. Walked into office max for a pepsi and saw 100s of wasteful chairs. Floor models. Boxes stacked floor to ceiling. Dinning chairs. Office chairs. Gaming chairs. What has capitalism done to chairs? It used to be about trying to enslave the 3rd world, ruining the lives of employees for profit, and driving other business out of business destroying to lives of hundreds at a time. But now, chairs... CHAIRS... they are everywhere!

And there are so many choices... Certainly that is immoral to have that much choice in chairs... Chair control now I say... and we definitely need universal background checks so we dont let unlicensed chairs into the general community. But we also have to allow our government officials to have the chairs of their choice without question and on demand.

[Vorkreist]

Let's imagine a situation.

The economy needs x amount of chairs made in a year to satisfy the demand for chairs. Capitalists don't know this in advance since they only have one signal to work with: price. Once the economy feels a scarcity of chairs, their price will go up and incentivize the manufacture of chairs.

While the economy is not feeling a scarcity of chairs and their price has not yet gone up, money is being put to more productive uses. When the economy inevitably realizes that it does, in fact, need chairs, it's already far too late because all of the money is tied up in more productive ventures. That's where the financial system comes in.

Banks, CEOs, CFOs channel money from less productive industries into the chairmaking industry. Chairs are made and everyone is happy. Or are they? While the money was being channeled through banks, paychecks were handed out to their employees and their bosses. That money could have gone to people who were actually manufacturing real goods or providing real services.

Here's the deal:

Capitalism is inefficient as fuck and it has a whole class of leeches (bankers) profiting off this inefficiency. If the economy was centrally planned, a well-educated person with a PhD would have used scientific methods to foresee the need for chairs and money would've been distributed to chairmakers in the first place instead of hoping that the market will regulate itself.

It's stupid to claim that capitalism is efficient when it needs leeches (bankers) to service it lest the entire system collapses. How many people's labor is wasted working in the financial industry creating nothing of value and how much money is wasted on paychecks for those people?

Let's put things in simpler terms:
Communism put a man in space.
Capitalism OBLITERATED the middle class to give the rich banker man a private yacht.

Communism literally murdered and jailed the middle to upper classe and put the most corrupt people in charge of everything in every fucking country it ever existed.
It always led to genocidal dictatorships and most widespread corruption. Its light years more inefficient than capitalism thats why every fucking communist and ex comm country is a fucking 5th world dump or still under full authoritarian abuse + poverty.

Go back to school and learn history and economics.

[Wilfire]

Communism literally murdered and jailed the middle to upper classe and put the most corrupt people in charge of everything in every fucking country it ever existed.
It always led to genocidal dictatorships and most widespread corruption. Its light years more inefficient than capitalism thats why every fucking communist and ex comm country is a fucking 5th world dump or still under full authoritarian abuse + poverty.

Go back to school and learn history and economics.

Implying capitalistic countries aren't 5th world dumps.

lol

[Vargulf the Happy Husky]

to be fair, we are supposed to capitalize on the waste and make a profit from it.

[Ghostpanther]

to be fair, we are supposed to capitalize on the waste and make a profit from it.

Oh we have. Esp when it comes to metals and plastics. Even oil is recycled.

[Trassk]

Implying capitalistic countries aren't 5th world dumps.

lol

Implying you've got a broader world view from your snow globe.

Lol.

[Martymark]

Capitalism sucks, and is evil...but how wasteful can it be when anyone using other systems starves to death?

[Trassk]

Capitalism sucks, and is evil...but how wasteful can it be when anyone using other system starves to death?

Pretty much. We know the evils, but fact is alternatives have lower quality of life.

Those complaining about it generally haven't ever lived in a socialist society.

[Scathbais]

So you're telling me there's no such thing as scams? Wells Fargo didn't scam people multiple times? No Nigerian Prince scams?

Banks borrow money from the federal reserve as well as the money you deposit. Ever notice interest rates for putting money in the bank is next to nothing today? That is a fact, the Federal Reserve gives banks money based on interest.

Why do I get the normies? Wireless internet is not the same as wired. Where I live I can choose between cable and Fios but that's not the majority of the United States.
[/B]
So you're saying that no money is spent in lobbying?

I get how it works, but companies like Apple don't need it to grow. It's a money circle jerk that companies use to enrich themselves at the consumers expense. It also doesn't line up companies interests with that of the consumer. Hence why companies fire so many employee's lately in order to boost their stock value. It's also why some companies make decisions that sound great for the stock holder but not for the consumer.

1) Scams/corruption are not unique to to capitalism. Not even close.
2) Well duh. Not sure what your point is here. If banks didn't make a profit on the borrow/lend spread, they wouldn't be in business and we wouldn't have access to capital to make the economy grow and produce more jobs.
3) Wireless 5G at 200mb for $50 is competitive with wired offerings. The irony (of your position) is that Capitalism allows for the growth of the internet and the competitive availability to customers. The internet, as well as most inventions, would never have been invented under socialism.
4) I feel like I am talking to Cathy Newman. No I did not say that nor did I imply it. I said it happens and is legal under the Constitution but it is regulated to try to reduce instances of corruption. Again it is also not unique to capitalism.
5) Why doesn't Apple need to grow? If they don't grow, they will fall behind technology wise and would have never invented great technology like the iPhone without the capital raised in the stock market. Also, if they don't grow, wages stagnate. Is this the outcome you desire?

[melodramocracy]

Everything is corruptible. And you can be damn sure that as human beings, we will find a way. We are a very petty and small minded species.

It's not even the corruption factor (which is true), but humans absolutely seek out leadership. And with that acquiescence comes the ability to take more than a 'fair share', no matter the justification, and no matter how deserved it may or may not be.

[Nimog]

what about Sweden, Belguim, Norway, and some of most richest and top happiest countries on earth ? U do know they are ranked social liberal system, not capital right?
btw the 2nd and 3rd WORST countries on earth both use 'capitalism' system (egypt and yemen), and the difference in worst 10 countries is too small to even count, I mean North Korea is 'better' than egypt, but i'm sure as hell that life there is still sh8t


agree 100%

Sweden is not a Socialist country. The myth of Nordic socialism is partially created by a confusion between socialism, meaning government exerting control or ownership of businesses, and the welfare state in the form of government-provided social safety net programs. However, the left’s embrace of socialism is not merely a case of redefining a word. Simply look at the long-running affinity of leftists with socialist dictators in Cuba, Nicaragua, and Venezuela for proof many on the left long for real socialism.
Swedes have embraced globalization, the Swedish economy is competitive, the school system offers choice, and pensions are partially privatized.
By all accounts these are hallmarks of capitalism.

[Vash The Stampede]

1) Scams/corruption are not unique to to capitalism. Not even close.

They aren't unique to capitalism but capitalism does encourage it more so than others.

2) Well duh. Not sure what your point is here. If banks didn't make a profit on the borrow/lend spread, they wouldn't be in business and we wouldn't have access to capital to make the economy grow and produce more jobs.

Federal Reserve didn't exist until the early 1913. Kennedy wanted to allow America to issue its own money through Executive Order 11110 to bypass the Federal Reserve and now he's dead. The reality is we don't need the Federal Reserve as they profit from printing our money. Especially now when money is mostly digital. Since the Federal Reserve makes money from printing money they have no reason not to cause inflation, since this is how they make money.

3) Wireless 5G at 200mb for $50 is competitive with wired offerings. The irony (of your position) is that Capitalism allows for the growth of the internet and the competitive availability to customers. The internet, as well as most inventions, would never have been invented under socialism.

What I'm talking about is allowing others to provide cable internet through the same copper wire. We did for a while do this and then it was lobby'd to be removed. Also Net Neutrality was put in place due to the capitalistic nature of businesses.

5) Why doesn't Apple need to grow? If they don't grow, they will fall behind technology wise and would have never invented great technology like the iPhone without the capital raised in the stock market. Also, if they don't grow, wages stagnate. Is this the outcome you desire?

Because Apple has all the money. Not even joking, they have all the monies. So why do they need more besides to get richer? Does Tim Cook need another island of underage boy servants?

- - - Updated - - -

Sweden is not a Socialist country. The myth of Nordic socialism is partially created by a confusion between socialism, meaning government exerting control or ownership of businesses, and the welfare state in the form of government-provided social safety net programs. However, the left’s embrace of socialism is not merely a case of redefining a word. Simply look at the long-running affinity of leftists with socialist dictators in Cuba, Nicaragua, and Venezuela for proof many on the left long for real socialism.
Swedes have embraced globalization, the Swedish economy is competitive, the school system offers choice, and pensions are partially privatized.
By all accounts these are hallmarks of capitalism.

So lets adopt those welfare policies.

[Scathbais]

They aren't unique to capitalism but capitalism does encourage it more so than others.

Federal Reserve didn't exist until the early 1913. Kennedy wanted to allow America to issue its own money through Executive Order 11110 to bypass the Federal Reserve and now he's dead. The reality is we don't need the Federal Reserve as they profit from printing our money. Especially now when money is mostly digital. Since the Federal Reserve makes money from printing money they have no reason not to cause inflation, since this is how they make money.


What I'm talking about is allowing others to provide cable internet through the same copper wire. We did for a while do this and then it was lobby'd to be removed. Also Net Neutrality was put in place due to the capitalistic nature of businesses.



Because Apple has all the money. Not even joking, they have all the monies. So why do they need more besides to get richer? Does Tim Cook need another island of underage boy servants?

- - - Updated - - -



So lets adopt those welfare policies.

Dude, you've lost. Just stop.

[Vash The Stampede]

Dude, you've lost. Just stop.

Sorry, I don't do requests.

[Zaktar]

They aren't unique to capitalism but capitalism does encourage it more so than others.

Capitalism encourages corruption more than other forms of economy? Go look at the most equally distributed economies in the world. How many of them eschew capitalism?

[Elestia]

Argument makes way too many assumptions while pretending the issue is black and white.

There’s always a need for “unskilled” regulation and recordskeeping. There’s no such system of putting money on black 19 and dropping the ball on into 19 black without spinning the roulette wheel.

[Forogil]

Let's imagine a situation.

The economy needs x amount of chairs made in a year to satisfy the demand for chairs.

And that is the point you failed economy 101.

The demand for chair isn't known in advance and if even you had a crystal ball for that the chair-demand is neither homogenous nor inelastic; i.e. people demand different kinds of chairs - and if chairs are too expensive some will not buy chairs.

That is the problem capitalism solves more efficiently than any other system (or less bad than the others); while communism fail miserably.

[Endus]

And that is the point you failed economy 101.

The demand for chair isn't known in advance and if even you had a crystal ball for that the chair-demand is neither homogenous nor inelastic; i.e. people demand different kinds of chairs - and if chairs are too expensive some will not buy chairs.

That is the problem capitalism solves more efficiently than any other system (or less bad than the others); while communism fail miserably.

For someone talking about "economy 101", you should understand that what you're talking is a solution by free market competition, versus central planning.

It has fuck-all to do with capitalism to begin with; capitalism does not require, and in many cases, works directly against, free market competition.