Of course this logic is nice, people need to work because it gives them dignity. But there's a much greater and more important, universal truth at play.
Ask yourself this, what would happen if the US government made every American a multi-millionaire tomorrow? 330 million people, all suddenly multi-millionaires. I'll tell you what would happen, prices would go waaaay up on everything. This happens on a small scale every time the government prints money and gives it away for free
You can only hand out money for so long before it loses its value. People don't have to work for their money in order to have dignity, that isn't a real reason. People have to work for their money so that money has value.
Very true. Capitalism recognizes that no one has a right to of someone else’s property and that people enter into contracts to work together.
For example if I want to buy a car, I value the car more than the notes I have. The dealer values the notes more than the car at a specific value.
In this scenario I want to exchange notes at a lower value than I value the car. The dealer wants a value of money higher than the car. We negotiate and achieve both our goals. Both gain a profit, me the tangible car and the dealer, the money.
There is nothing wrong with profit in reason. Profit is meant to protect against loss and to insure the benefit of a person or group of ppl who work and to achieve mutually agreed upon value.
People willingly enter into contracts in which they work for some profit of themselves without taking risk to provide a building, supplies, land, etc that a business owner takes. That is risk the owner takes.
Also as for labor rights and the weekends we enjoy, that isn’t just because of unions but because ppl opened up companies that were more humane and outcompeted and demonstrated how more humane working schedules were efficient.
If a laborer does not wish to do that, they can build their own business. I for one am middle class and I have no desire to be rich at all. Many ppl don’t, many ppl don’t see labor or money as the ultimate motive or goal in life.
The free market makes ppl not compete only in a Darwinism way but for the greater benefit of the market which is a market of ppl! If you have a bad product, ethical policies, etc are ppl won’t buy it. (Enron, Theranos, etc)
This incentivizes ppl to make the best for the most. If they don’t, they fail.
Where bad companies flourish by the social contract, that is more of an indictment on the ppl themselves in that society who don’t speak up v it. Again the human element is at play. Bad ppl produce bad conditions and vice versa.
Companies who hide their issues and do things behind the scenes are the problem but this happens in govt and in any other institution too. Why would replacing multiple corporations with a govt change anything? Wouldn’t the govt become one big corporation then? Companies that tend to do this either are monopolistic or are somehow connected to the govt via subsidies or kickbacks.
Monopolies violate capitalism because they stifle the free market so naturally competitors are raised up and
By decentralizing power, you allow for checks on power. That is why monopolies at the corporate and govt level are generally bad because nothing checks their power.
Also private entrepreneurs have the right to invest where they wish within reason. The Risky but rewarding atmosphere allows ppl In he free enterprise to figure out things faster and better than planned economies because centralized institutions tend to not be overly risky and burdened with bureaucracy.
Capitalism provides ppl the freedom to try, sell, and buy which have inter dimensional value structures that feed and reinforce one another for the cheapest and most efficient outcome as noted above.
Of course this logic is nice, people need to work because it gives them dignity. But there's a much greater and more important, universal truth at play.
Ask yourself this, what would happen if the US government made every American a multi-millionaire tomorrow? 330 million people, all suddenly multi-millionaires. I'll tell you what would happen, prices would go waaaay up on everything. This happens on a small scale every time the government prints money and gives it away for free
You can only hand out money for so long before it loses its value. People don't have to work for their money in order to have dignity, that isn't a real reason. People have to work for their money so that money has value.
Very true. Capitalism recognizes that no one has a right to of someone else’s property and that people enter into contracts to work together.
For example if I want to buy a car, I value the car more than the notes I have. The dealer values the notes more than the car at a specific value.
In this scenario I want to exchange notes at a lower value than I value the car. The dealer wants a value of money higher than the car. We negotiate and achieve both our goals. Both gain a profit, me the tangible car and the dealer, the money.
There is nothing wrong with profit in reason. Profit is meant to protect against loss and to insure the benefit of a person or group of ppl who work and to achieve mutually agreed upon value.
People willingly enter into contracts in which they work for some profit of themselves without taking risk to provide a building, supplies, land, etc that a business owner takes. That is risk the owner takes.
Also as for labor rights and the weekends we enjoy, that isn’t just because of unions but because ppl opened up companies that were more humane and outcompeted and demonstrated how more humane working schedules were efficient.
If a laborer does not wish to do that, they can build their own business. I for one am middle class and I have no desire to be rich at all. Many ppl don’t, many ppl don’t see labor or money as the ultimate motive or goal in life.
The free market makes ppl not compete only in a Darwinism way but for the greater benefit of the market which is a market of ppl! If you have a bad product, ethical policies, etc are ppl won’t buy it. (Enron, Theranos, etc)
This incentivizes ppl to make the best for the most. If they don’t, they fail.
Where bad companies flourish by the social contract, that is more of an indictment on the ppl themselves in that society who don’t speak up v it. Again the human element is at play. Bad ppl produce bad conditions and vice versa.
Companies who hide their issues and do things behind the scenes are the problem but this happens in govt and in any other institution too. Why would replacing multiple corporations with a govt change anything? Wouldn’t the govt become one big corporation then? Companies that tend to do this either are monopolistic or are somehow connected to the govt via subsidies or kickbacks.
Monopolies violate capitalism because they stifle the free market so naturally competitors are raised up and
By decentralizing power, you allow for checks on power. That is why monopolies at the corporate and govt level are generally bad because nothing checks their power.
Also private entrepreneurs have the right to invest where they wish within reason. The Risky but rewarding atmosphere allows ppl In he free enterprise to figure out things faster and better than planned economies because centralized institutions tend to not be overly risky and burdened with bureaucracy.
Capitalism provides ppl the freedom to try, sell, and buy which have inter dimensional value structures that feed and reinforce one another for the cheapest and most efficient outcome as noted above.