youtube.com/watch?v=jZw7vNRYmL8
If this link doesnāt work look up a song on Youtube by Christy Moore called Ordinary Man.
Sad song about a factory worker who is out of work because the factory closed down.
Of course he blames the factory owner and society in general for his woes. He is obviously ignorant of the fact that his employment was nothing more than a contractual agreement. He agreed to do work and the factory owner agreed to pay himā¦nothing more.
One could look at the workerās current condition and think that maybe if he and his fellow workers put in a little more effort or time, the factory could have survived. Just a thought.
Based on the evidence I would argue laissez-faire was a contributory factor to the Wall St Crash and the current recession. Out of greed the banks lent people money they knew they could not pay, actively encouraged debt by easy credit, charged horrendous unfair fees out of greed and the government had to step in to prevent the economy from going under. Did none of this happen?
The Financial Crisis that began in September of 2008 was totally the fault of government intervention in the market, government regulations, government manipulations of interest rates, plus massive subsidies and regulations in housing, banking, and mortgages.
forbes.com/sites/richardsalsman/2013/09/19/the-financial-crisis-was-a-failure-of-government-not-free-markets/
online.wsj.com/news/articles/SB123414310280561945
c-span.org/video/?c4389999/government-policy-caused-2008-financial-crisis
reason.com/archives/2012/05/17/the-financial-crisis-was-the-result-of-g
Actually the Financial Crisis is the best example of why government should be totally separated from business.
Parasitic capitalism and āget rich quickā schemes rapidly increased under laissez-faire. Mind you, most of them have gone now and in the case of some I would say serves them right they were so mean spirited. The good businesses have survived as they did following the Crash of 29.
I have no idea what āparasitic capitalismā is.
Capitalism preys on the vulnerable. The UK has become known as the Prozac nation and one of the reasons given is if you donāt have the look, the car, the house, the job you are nobody. People shop to solve their problems instead of talking. People donāt believe in waiting or saving for things. They go into debt because capitalism tells us we must have and now. People are now more superficial because we have to have the false eyelashes, the hair extensions, liposuction on those troublesome areas - people are miserable and the motive is profit.
The UK is not a Capitalist economy.
āPeople shop to solve their problems instead of talkingāā¦thatās very odd behavior, But then again you are talking about the UK, right?
I think people have the false eyelashes, the hair extensions, liposuction on those troublesome areas because they want them. If they did not demand those thingsā¦Capitalism would have to find something else to provide.
None of these things are in themselves bad but you cannot say no one exploits the vulnerable for profit in a capitalist system. It may not happen in a Utopian one but we have established that one will never exist.
No one exploits the vulnerable for profit in a capitalist system! There I said it.
Capitalism provides the needs and wants of ALL,ā¦ rich, poor and vulnerable for a profit.
Remember you DID agree that profit was not a bad thing.
Are the Rain Forests being destroyed?
Are other natural resources being depleted?
For what motive? Is the motive profit?
Of course the motive is profit. (remember nothing wrong with profit)
If people do not need or want what a rain forest produces,there is no profit.
If people do not need or want what can be produced from natural resourcesā¦there is no profit.
Capitalism has to go where there is profit.
Does the government need to pass legislation to protect the environment?
Is that interference?
Legislation that protects the environment from wanton vandalism is OK. But there should be absolutely no environmental regulations that negatively impact an economy or human comfort.
Do you agree with Nozick there should be no regulation on immigration because he should be able to employ people from another country if he wants?
Well, thatās what he said. If people such as Nozick were permitted to employ whom they wanted due to no restrictions on immigration do you not think that at least might lead to higher unemployment?
āPeople such as Nozickā¦???ā He was a philosopher. I donāt think he employed anyoneā¦other than a housekeeperā¦maybe.
It may add to the unemployment of local citizens but it would surely reduce the unemployment of the immigrant population.
I believe the Catholic Church strongly encourages open immigration so people can enjoy a better life.
