Comments by "Muck006" (@Muck006) on "Is Donald Trump a Good Businessman? (Pt. 2) | Jonathan Haidt | ACADEMIA | Rubin Report" video.

  1. "How to get capitalism working really well?" Trivial question to answer by looking at two undeniable facts: 1. the global population is increasing more and more (and everyone has a right to a job) 2. the industrial revolution in its stages [INCLUDING globalization, because it is technology based] has increased productivity and made fewer people required for a certain task AND it has - through globalization - made "simple tasks" cheaper If you put these two facts together you get the reason behind the global migant crisis, BUT you also get the reason behind the growing wealth gap in our western societies. Large companies are getting bigger and bigger and even expand to other areas (Google and other such examples) while small family sized companies are faced by pressure from the giants like Bookshops are faced by pressure from Amazon. The main goal should be to create sufficient WORK for everyone and this requires for work to be "less efficient" ... like a local shoemaker who still makes shoes from leather compared to an asian factory where the workers are slaving for minimal pay day in-day out. So how does this make capitalism better? Just think about one of the core "rhetorics" which always promote capitalism: "cheaper goods are better for the consumer". Personally I think the opposite is true, because we all are consumers AND we are also workers! Thus if I save money on a purchase ... the person behind the counter has less money to operate with and has to make up the difference by either paying his employees less OR by pressuring his suppliers into accepting lower prices. This is bad because THEY (the employees of the shop or the suppliers) have less money to spend on stuff I am selling ... so in the spirit of competition I have to lower my prices and my own wages. Being a miser only feeds the downward spiral FOR THE POOR PEOPLE! This downward spiral does NOT affect the rich people and they keep on getting richer all the time. Is this good? NO, for the simple reason that they take money and "stockpile it". MONEY MUST FLOW, so it is far better to have loads of people earning a little bit more compared to one person earning a lot more ... because those loads of people WILL SPEND IT. Rich people only use the money for two things: - getting more "means of production" (i.e. buying another company, house, ...) - using it in the capitalist WAR (which is fought with money instead of guns) to eliminate competition ... by opening a store next to your competition and undercutting their prices to drive them out of the market.
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