Tuesday, September 14, 2004

Why Capitalism Isn't Working Right

I had someone tell me once that Communism doesn't work because there is no incentive for workers to do their best. Everybody has the same, so why work harder. As politely as I could I said BULLSPIT!. Communism doesn't work properly for the same reason Capitalism doesn't. They were both dreamed up and theorized in IDEAL conditions. Under those ideal conditions both work perfectly. In the real worl however both fail. How many times have you heard the expression " A rising tide raises all ships"? I have heard it a lot. Mostly to justify corporate welfare and tax cuts for the wealthy. That expression shows how Capitalism is supposed to work. An owner starts a company and as it prospers so does the owner AND the employees who worked and contributed to the company's success. What we tend to see these days is companies whose revenues, profits, and executives salaries outpace inflation but whose workers wages don't. Running businesses this way can't go on forever. I don't have all the answers but the sooner we get one for this economic problem the better off we all will be.

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