The pure genious of capitalism is

Before you can get a job there you do not have to put up capital into the business. If you do, you become a member-worker and part owner. If you don't you can become an employee but you will be treated lots better than most employees are today.

What do you mean "my accounts receivables"? You wouldn't have "your accounts receivable" in a WSDE.

You can quit when you want to.

You can work OT if you want to under the conditions agreed upon by your coworkers.

If you have additional questions, feel free to ask.

 

Yes, they are in the Basque region of Spain, . . . -and in 3 other countries. My boo-boo.

Fagor had trouble during a crash, so they eliminated it. Nobody said WSDEs face no problems. Every business does. The key is to successfully deal with it and they did. And no one is forced to join as a member-worker. Employees are accepted too but they don't enjoy the same benefits as owner-workers of course.

Anything else you would like to try shooting at it?

 

High level idiocy. All though f the dems keep importing unskilled labor it could get there eventually for certain sectors of the population...

 

I think the genius of capitalism is that it is so much better than the next best alternative. I don't believe that all people get what they deserve. I do believe that it affords the best option for the most people to get what they deserve.

I don't think people have to be greedy for capitalism to work. Many people would just like an opportunity to get a fair deal in the market, whether it is goods or services. There will be some greedy people, but I think the system works any way. The greedy ones are probably the most likely to resort to methods that a majority will think are unfair. Some of those get laws refined to prohibit that method.

Our capitalistic system will never be a static system. There will be some very smart guys trying to rig capitalism to their advantage. Some of those methods will have the laws changed, but rest assured that more people will try to rig the system. This doesn't make capitalism unacceptable, it just means that we will have to exercise constant vigilance to keep the system working as well as possible.

I don't think many of us would choose to live in a country that is not democratic. Just because what we have isn't perfect doesn't mean it's not the best we can do at the time. Anyone want to live in Russia? China? One of the former Soviet countries?

 

Greed is the ENGINE of capitalism. That's WHY it works.

Regulation is what mitigates that greed. It's what makes the system at least reasonably fair. And that works

Without proper regulation capitalism is actually pretty horrible.

 

By the same token...change for change's sake is a disaster. Most regulation is there because of a recognized need.

 

You are right about there being a reason, a need- but whose need?
We have regulations in place that are there to alter trade and various conditions to satisfy some special interest, or to give some interest or agency an edge. Not all reasons are reasonable or necessary. For business, compliance is like playing a game is to you; you can't play well if you don't know or understand the rules. If there are so many rules they can't be understood and followed, it becomes impossible to play by the rules regardless of your wishes. Obama pledged to cut regulations- then added 14,000 in 8 years to the massive amount already on the books.

How many people can play a game subject to 14,000 rules?
Rules should not be created without a clear and necessary need- and the rules should not be ambiguous or require a harvard lawyer to figure out what they mean.
And yes, change for changes sake is a disaster.

 

First I'd like to thank Meta777 and Lesh for their thoughtful responses. I'm new at these forums and I had some concern about getting jumped on right from the start. And I especially like the question, "What can we do to fix them?"

One of the problems I see with what we have now is too many mergers and the concentration of power. I think capitalism works much better with less regulation if there are more competitors. The closer we get to a monopoly, the more regulation we need. I would much rather the market do as much regulation as possible than have the government do it. I would much rather deny more mergers than have a chance of having some companies have too much market power. I don't think there is much downside with more competitors.

Another inefficiency is too many regulations. I believe in some European countries they have a department whose job it is to weed out regulations that don't work as intended or have outlived their usefulness. In the US I believe most regulations are made and no one is in charge of even monitoring if they are working as intended. And no one is trying reduce them.

I'm not much of a Trump fan, but one of the things I do like is that for every regulation made, that agency must eliminate two of them. At least for the time being.

So, what do you see as the biggest problems we have with capitalism and how to fix them?