07-24-2018, 07:50 PM
(07-24-2018, 07:38 PM)fredtoast Wrote: The government has to get involved. Capitalists are not necessarily evil, but capitalism is. If a CEO doesn't do everything he can to keep wages low and increase profits then he will be replaced by stockholders.
This is where the real bastardization of capitalism has occurred. Once upon a time, corporations were concerned about all of their stakeholders. This meant the customers, employees, management, and any others that came in contact with the corporation. There was a shift that came where corporations became only focused on their stockholders. This is where the shift to "profit above all" came into play.
Capitalism itself isn't evil, either. People have corrupted it and caused the need for regulation. Capitalism, socialism, neither is a great solution. A mixed economy is always going to be best. Much like most things in life, black and white never provides a good answer. It's all about the grey.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
