Time for world to embrace Pure Capitalism?

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Sink or swim that is how a Pure Capitalist country should operate. No assistance from government, lower taxes for all tax payers. Do not work you starve or beg or well do whatever it takes to earn a living to feed you and your family.

The whole world must embrace Pure Capitalism, smaller governments and lower taxes. Small tax rates to pay for military and police is all that is needed. No regulation, no Unions and definitely no workers rights. Welfare state system and high minimum awards lead to unemployment rates. Scrap welfare state and abolish minimum wages. Wages should be paid by the employer with no pressure from Unions or other independent tribunal. Employees can either accept the wage or just go and find another job. Full casual of the entire work force.

Workers on quick hire and fire IR laws which will help reduce labour costs off business. Professional are paid too much here and that drives up inflation. Indians with better skills and qualifications can do exact same jobs for one tenth of the pay they pay here. Middle East and Asia have lower unemployment rates, lower levels of crime and live much better lives under Pure Capitalist systems.

Time for world to embrace Pure Capitalism?

Last edited by Dark_Lord_2008 on 01 Dec 2011, 11:21 pm, edited 1 time in total.

What a bunch of utter BS

I'm quite sure the post is satirical.

It would certainly cut down on the surplus population.

Time for you to quit trolling.

Also, workers who are caught organizing strikes are to be tried and executed by privately funded tribunals. Anyone caught panhandling will be immediately shipped off to a privately funded forced labor camp.

I'd be happy with wiping out crony capitalism personally, we can talk about the high test version later.

I'm not convinced "pure capitalism" has ever existed or can ever exist without a government to prop it up. I also have no idea what crony capitalism is rather than a vague term that gets thrown around a lot whose actual meaning is largely a function of ideology.

Competition through lobbying. When you can't or won't make a better product at a better price, you get the state to either subsidize your product or penalize your competitor's. An excellent example would be large chain beauty salons lobbying for more expensive and pernicious certifications and licenses to cut hair or shape nails. While they can afford to jump through such bureaucratic hoops, their neighborhood competitors often can't and are thus forced to either assimilate into the chains or go out of business. It's very common these days.

Ever since the dawn of time whether it was cattle, grain, silver, gold and now currency/legal tender there has always been some form of currency exchange market system or economic system. One thing is exchanged for another thing is a barter system or a financial transaction where currency is exchanged for the good or service.

Capitalism is a form of an economic system. It is not a political system. The two main economic systems are Capitalism and Socialism. Extreme Socialism is known as Communism, production and supply is fully controlled by the government. Extreme Capitalism is known as Corporate Fascism, production and supply is fully controlled by private enterprise/corporations.

Political system is mainly either democratic or autocratic in nature The government is elected by the people or an autocrat ascends to the throne through his birth right or seizes power and control by force.

I see you took the parts out about the death camps. Stick to your guns or gtfo

What if anything should the government be doing about

*breach of contract
*fraud
*non-criminal damages (torts)
*acts of violence (robbery, battery, murder)
*threats of force (extortion, assault)
*theft of goods or services
*breach of privacy (we do have right to privacy)

Dealing with these things is why we have government in the first place.

And if it is "sink or swim" expect to see more violent crime (mugging, robbery, hijacking etc...)

ruveyn

Sounds brutal but it seems to work well in Hong Kong and China. I'm quite sure that, economy wise, it'd be a big improvement. But you do also have to balance that with helping the population. An ideal system would be as you describe, but with the bare minimum of benefits for people who are unemployed as long as they're looking for a job. And a basic minimum wage should still be imposed IMO. And there does still need to be workers' rights to make sure no one's being abused.

Nonsense. Pure capitalism is as destructive as pure socialism.

The Cut Throat Kingdom is as obnoxious as was Stalin's version of Communism.

What we really want is the Kingdom of Reasonable.

ruveyn

That's even worse then what we have now so I think I'll have to disagree.