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Fewer Than Half of Young Americans Are Positive About Capitalism (cnbc.com)

gollum123 writes: According to a new poll from Gallup, young Americans are souring on capitalism. Less than half, 45 percent, view capitalism positively. "This represents a 12-point decline in young adults' positive views of capitalism in just the past two years and a marked shift since 2010, when 68 percent viewed it positively," notes Gallup, which defines young Americans as those aged 18 to 29. Meanwhile, 51 percent of young people are positive about socialism. This age group's "views of socialism have fluctuated somewhat from year to year," reports Gallup, "but the 51 percent with a positive view today is the same as in 2010."

94 of 1,445 comments (clear)

  1. Not surprising by Anonymous Coward · · Score: 4, Insightful

    The boomers pulled the ladder up on them.

    1. Re:Not surprising by cayenne8 · · Score: 3, Insightful

      So the youngsters are not as stupid (collectively) as 'twould appear!

      It strikes me a blindingly STUPID, to just give up on, and throw out the whole driving and sustaining force that made the US the great country and world superpower it is.

      They don't realize that at some point with socialism, you DO run out of other peoples' money to spend.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
  2. Capitalism is fine by Anonymous Coward · · Score: 5, Insightful

    As long there is strong regulation behind it keep things honest and upfront.
     
    No-small-print capitalism.

    1. Re: Capitalism is fine by Stolovaya · · Score: 5, Insightful

      This, exactly. Capitalism isn't bad in and of itself. It's when it's unregulated that it becomes a nightmare. And you need to mix in some socialist branches (like we do already, such as libraries, law enforcement, etc.).

    2. Re: Capitalism is fine by Anonymous Coward · · Score: 5, Insightful

      Except those branches are being sold out to profit-extracting enterprises.

      Just look at the private prison industry.

    3. Re: Capitalism is fine by Anonymous Coward · · Score: 4, Insightful

      Privatization is everywhere. The more general services we rely on become privatized (plus voncentrated) and not public resources, the more rights we lose to those private "entities" because businesses are "people" which have "rights."

    4. Re: Capitalism is fine by Thelasko · · Score: 5, Insightful

      Capitalism is just a tool to accomplish a task. When it's the wrong tool for a particular task, it becomes a nightmare. The need for regulation points to some of it's lesser shortcomings.

      Some people worship it like it's Emacs or something.

      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    5. Re: Capitalism is fine by Thelasko · · Score: 4, Insightful

      As long there is strong regulation behind it keep things honest and upfront. No-small-print capitalism.

      True capitalism assumes perfect information in the market to determine a price. Unfortunately, we live in a world of imperfect information.

      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    6. Re: Capitalism is fine by Dread_ed · · Score: 1, Insightful

      WRONG! Regulations are to keep only the people who are currently in business from having to share the pie with new, up and coming businesses. Kill the competition by raising the cost of entering the competition. If you're not already in the ring, you can't play. Period.

      --
      When the only tool you have is a claw hammer every problem starts to look like the back of someone's skull.
    7. Re: Capitalism is fine by Tupper · · Score: 4, Insightful

      True capitalism assumes perfect information in the market to determine a price. Unfortunately, we live in a world of imperfect information.

      Fortunately, the other systems don't need perfect information to be perfect. Oh wait, they do.

      A free market may not be "perfect" but it's a better solution to the calculation problem than the alternatives.

  3. Gee, can't imagine why... by Narcocide · · Score: 5, Insightful

    ... seeing as how fewer than half of them will ever be able to pay off their college loans. Maybe if we want to prove capitalism can work for everyone we should stop letting rich people write all the laws?

    1. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 1, Insightful

      Capitalism does work for everyone. Look at the vast amount of wealth and prosperity this country has brought to the world. I am sure those same kids stand in line for there iphones and starbucks cofee's. That is capitalism at its finest. Take capitalism away there will be no starbucks or iphones or teslas. I will vote for whoever i damn well please rich or poor.

    2. Re: Gee, can't imagine why... by cayenne8 · · Score: 1, Insightful

      In a properly function economy and regulatory system you shouldn't be be able into rack up $200k at a university even if you wanted to.

      So, the govt is supposed to be there for preventing people being stupid with their own money, making decisions for them?

      I mean, there was no one with a gun to their heads telling them to take out all these massive loans.....

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    3. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 4, Insightful

      Try the alternative. In much of the US, your ability to get a good education depends on your family's wealth. Medical bankruptcy is pretty common. The grass is always greener, but is it really?

      At least you get back a decent level of services for what you pay in tax.

    4. Re: Gee, can't imagine why... by jythie · · Score: 4, Insightful

      Given that a BA/BS is now the minimum requirement for the vast majority of entry level positions, that might not be a 'gun to the head', but it pretty much is an economic reality now.

    5. Re: Gee, can't imagine why... by SirSlud · · Score: 5, Insightful

      Societies protect 'dumb' (or vulnerable or less educated or naive or whatever makes you feel superior, ya fuckin' dumbass) people because it's more economical in the long run. We want people to succeed, because they contribute to our society. We don't want them to fail. This is costly to all of us. This masturbatory fantasy of your where letting people suffer the consequences of whatever happens to them in a fully free market because it teaches them or others do act differently is just that - a masturbatory fantasy that is more costly to society and economy in the long run.

      We can talk specifics, but this point of yours that people should bear the brunt of every decision they ever make fully and personally completely ignores that it isn't an ideal just world, that people's success and failures impact those around them like friends, families, citizens, and that in many respects is cheaper for society to look after it's dumdums. You reek of somebody who has succeeded and decided to use whatever faculties you had to get there (hard work, brains, and other things you erroneously think *you* alone are responsible for) to be a fucking tool about it. I'm successful too, on my own terms, but I also acknowledge I had help along the way, from other people to government to consumer and investor protection rules. Anyone who thinks they made it by themselves is both a liar and a sanctimonious twit.

      --
      "Old man yells at systemd"
    6. Re:Gee, can't imagine why... by Yath · · Score: 5, Insightful

      If you're blaming capitalism for their student loan issues, you're barking up the wrong tree. The major issue with student loans is that they're guaranteed by the federal government. This is a tried and true way to increase the price of something, massively, and that's exactly what we've seen with rising tuition costs. Government loan guarantees have nothing to do with capitalism - they're central economic planning.

      Blaming capitalism for student loan debt is like blaming Iraq for 9/11 - a classic case of "someone hit me, I'm gonna hit somebody by god!"

      --
      I always mod up spelling trolls.
    7. Re:Gee, can't imagine why... by sjames · · Score: 5, Insightful

      The income disparity is exactly why it is NOT working for a lot of people. Sure, it works great for the top of the pyramid, but that could also be said of feudalism. Communism also worked well for the top of the pyramid in the USSR. Kim Jong Un is doing quite well for himself, it's everyone else in N. Korea that's having a problem.

    8. Re:Gee, can't imagine why... by judoguy · · Score: 2, Insightful

      Try the alternative. Medical bankruptcy is pretty common.

      Common where?

      I'm sure that it happens, but I'm in my mid 60's and no one I've ever known even slightly has had a medical bankruptcy. In a nation of over 300 million people, how many true medical bankruptcies occur a year? >0 isn't enough for me to embrace the universal poverty of a Socialist America. "But much smaller culturally homogeneous countries make do with Socialism just fine." Until that racial and cultural homogeneity starts to break up. Even though they have a higher suicide rate than the U.S. for some reason.

      --
      Peace is easy to achieve, just surrender. Liberty is much harder get/keep.
    9. Re:Gee, can't imagine why... by LynnwoodRooster · · Score: 4, Insightful

      The difference is, in the feudal, USSR, or North Korean models - there is no way to climb the pyramid. In the US - and most of Western Europe (which is capitalist in its economic models), you can climb the pyramid from the bottom to the top. It's hard, it's difficult - but it can happen.

      It's that whole "equality of opportunity" versus "equality of outcome" thing. The former necessarily denies the latter. And rightfully so.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    10. Re:Gee, can't imagine why... by ScentCone · · Score: 3, Insightful

      The income disparity is exactly why it is NOT working for a lot of people.

      So, you're saying that the reason a given person isn't prosperous is because someone else is? Or are you saying that even though people - even in the lowest income brackets - live better now than in any time in human history, they're not doing well because there are some people who are living better? I presume you'd be happy if we could just tear down the wealthy people so that there's no 1% to resent and hate. Of course then everyone would just hate the 2%. Or the 20%. Or anyone that spends their day doing something that provides a more comfortable lifestyle than anyone else. The only answer is government controlled wages and lifestyles so that nobody can lie awake at night worried that the guy who works twice as hard is having a better chicken for dinner than anyone else is.

      --
      Don't disappoint your bird dog. Go to the range.
    11. Re:Gee, can't imagine why... by Dixie_Flatline · · Score: 3, Insightful

      “The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.” - Anatole France

      It's all well and good to crow about Capitalism until it's failing you utterly, and a big part of it is the way the whole system—the political and legal system in particular—favour the rich. I'd be more inclined to agree with you if bank CEOs were held responsible for their crimes against the system, or if corporations were forced to pay more than a pittance for dumping oil into the soil and waterways, and unreasonable amounts of CO2 into the air. (Indeed, the lack of accounting for environmental externalities is a huge problem with the way we run capitalism right now.)

      Capitalism, as it stands, works mostly for the rich and ensures that it will increasingly work ONLY for the rich.

    12. Re: Gee, can't imagine why... by werepants · · Score: 4, Insightful

      This masturbatory fantasy of your where letting people suffer the consequences of whatever happens to them

      Hmm...well, it was that way for me, most everyone I know, and for people in ages back before us.

      Yes indeed. And we had higher crime, poverty, disease, infant mortality... basically all of the human maladies were much more commonplace in the past. What is attractive about that to you? Sick people, homeless people, and imprisoned people cannot contribute effectively to the economy, which increases the tax burden on everyone else and makes the society generally crappier to live in.

      This glorification of the "good ol' days" is completely incoherent and disconnected from the facts of history.

    13. Re:Gee, can't imagine why... by Gavrielkay · · Score: 4, Insightful

      We don't have equality of opportunity either. Children of rich, connected parents will start higher on the pyramid and have an easier time climbing higher still. Trump likes to call the million dollar loan from his father "small," but extremely few Americans have parents who could loan them a million dollars. Or have connections to all the best colleges and businessmen and politicians in the state.

      Social mobility is declining in America and I don't think that's a good thing at all.

    14. Re: Gee, can't imagine why... by CronoCloud · · Score: 3, Insightful

      mm...well, it was that way for me, most everyone I know, and for people in ages back before us.

      We decided as a society that some of the things that went on in the past, were wrong.

      Hell, a good example of this no consequences thing, is the increasing deadbeat or deserter dads in many communities.

      There is no increase, in fact it's been declining for years. Highest in the 70's and 80's. And I'm rather sure this is a subtle racist dog whistle, since "deadbeat dads" has been used as such before.

      In the past, there were consequences society put on fathers that abandoned their kids and responsibilities...now, not so much and look what has happened!

      In the past it was EASY for fathers to get away, back say in the Great Depression, fathers could just skip out. And they skipped out a LOT. Social Security numbers? Not a thing. Photo ID's? Not a thing. Now we have computers and such, they are easier to track. We actually garnish wages and put people on trial for non-support. There are more penalties now than ever.

  4. Same when I was young by jfdavis668 · · Score: 4, Insightful

    The young always think there is a better way. As they grow up, they realize that the current way works, while most "good ideas" don't. But, enough new ideas do work to keep the system changing.

    1. Re:Same when I was young by Hentes · · Score: 3, Insightful

      More like the young are generally on the losing end of capitalism.

  5. No kidding, Sherlock! by The+Original+CDR · · Score: 5, Insightful

    When you got millionaires and billionaires putthing themselves ahead at the expense of the public, people are not going to have a positive opinion of capitalism.

  6. I can't blame them.. by Anonymous Coward · · Score: 5, Insightful

    The people who came before them are rigging the system against them so only they and their kids who made it can benefit. The ladder has been pulled up and these young folks are starting to realize this more and more.

    1. Re:I can't blame them.. by jythie · · Score: 2, Insightful

      The people who came before them got a massive economic boost through heavy government spending, but now the older generation, having gotten their reward, want the younger one to pay all the bills.

  7. As the saying goes... by Eclectic+Engineer · · Score: 4, Insightful

    If you're not a liberal at 20... https://quoteinvestigator.com/...

    1. Re: As the saying goes... by KixWooder · · Score: 3, Insightful

      I was a die-hard conservative at 20. At 38, Iâ(TM)m pretty liberal.

      I make plenty and own my home mortgage-free, but too much of the country is getting the short end of the stick.

      --
      I hate fat people.
  8. In other words... by Anonymous Coward · · Score: 1, Insightful

    In other words, 65% of Americans are so dumb, they actually think we have capitalism...

  9. Re:That's because... by Train0987 · · Score: 5, Insightful

    And only fifty million Chinese had to die miserably for that communist utopia!

    Lets not mention that the average standard of living in China only began to improve once they began adopting capitalism or that the communist regime risks being overthrown if they hint at turning back the clock to that utopia.

  10. small "c" capitalism by cats-paw · · Score: 5, Insightful

    The system we have now is really corporatism. Very large, essentially immortal, companies that are able to achieve regulatory capture and get laws written for themselves.

    Look at the way that the coal companies were able to get an exemption to clean water laws to blow the tops off of mountains and destroy streams and creeks. All so they could reduce labor costs. That's one hell of an externality they got out of.

    small "c" capitalism is something a free society has to have, i.e. the ability to buy and sell goods in a relatively unfettered market. No you don't get to sell nuclear weapons, so there has to be some manner of regulation.

    corporatism is all about shifting costs to the public and creating a bullshit concept that companies are somehow outside of morality and ethics. They want to be outside of morality and ethics but that doesn't mean we have to let them.

    --
    Absolute statements are never true
    1. Re:small "c" capitalism by Skuld-Chan · · Score: 5, Insightful

      The other thing that is really bad about our system is we largely privatize all the profits and socialize all the risk (think bailouts, or welfare money to prop up farmers over trade wars, or corporate welfare in general).

  11. Re:thanks slashdot by Anonymous Coward · · Score: 5, Insightful

    this again. Socialism =/= Communism.

  12. Re:Everyone knew the pump and dump was coming... by cayenne8 · · Score: 1, Insightful
    We raised a generation of idiots.

    We started by breeding the compettion out of them all....that "everyone is a winner" bullshit, with you get a trophy just for processing oxygen.

    And apparently we didn't teach them history, like how many in the past died due to socialism, nor did we teach them civics on how govt should work and their part in it...etc.

    Well, its been a good run till now....just hope this crap doesn't come to pass till I'm well dead and underground, so that it doesn't affect my quality of life I and my peers worked hard for....

    --
    Light travels faster than sound. This is why some people appear bright until you hear them speak.........
  13. Re:That's because... by Herkum01 · · Score: 2, Insightful

    they haven't lived in a (real) socialist country.

    Norway and Sweden have both been pretty successful at what they are doing, maybe they are better examples than China or Russia.

  14. The people with least life experience by SmaryJerry · · Score: 2, Insightful

    It makes sense younger people would be susceptible to bad ideas and in particular people that say everything should be free. Hell I'd take everything free if I believed someone it was possible. Still these people have no experience, things that are too good to be true often are. And hell at that young age people are voting democrat solely because America is a democracy and democrat sounds similar.

    1. Re:The people with least life experience by Nidi62 · · Score: 5, Insightful

      It makes sense younger people would be susceptible to bad ideas and in particular people that say everything should be free. Hell I'd take everything free if I believed someone it was possible. Still these people have no experience, things that are too good to be true often are. And hell at that young age people are voting democrat solely because America is a democracy and democrat sounds similar.

      It makes sense that older people, who have accumulated wealth and power, continue to try and grow their wealth by simply rigging the game then decry those younger than them as "lazy" or "entitled" when they state that the game has been rigged against them. All the old people care about is "I got mine, go get yours", not realizing that there is nothing left for them to go get. Boomer's don't care that we are gutting the future of Social Security to pay for the military and tax breaks for corporations or the 1%, they have pensions. Meanwhile the rest of us have to worry about retiring to a vastly reduced Social Security benefit while relying on 401ks that are based upon a stock market with values greatly exceeding the actual worth of the companies being traded.

      --
      The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
  15. Re:That's because... by Anonymous Coward · · Score: 3, Insightful

    I think actually it's because they are envisioning Europe; they don't want socialism as in a real socialist country, but things like socialized medicine, etc. I've heard often from conservatives that Europe is socialism and it's failing, meaning while things couldn't be more different in that living in a european country is quite different than many people think and really they don't have socialism from that strict sense of the term.

  16. amazing. by wyHunter · · Score: 3, Insightful

    Let's see, the economic system that has raised more people out of poverty than any other, young people aren't sure about. The education system in every country on earth is just..wow.

    1. Re:amazing. by HornWumpus · · Score: 2, Insightful

      ^^ This is what western leftists actually believe.

      Never been really hungry in his life.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    2. Re:amazing. by sjames · · Score: 4, Insightful

      That's because that system has been corrupted and is now pushing people back into poverty.

      If you don't fix it, it will be replaced. Act accordingly.

    3. Re:amazing. by mx+b · · Score: 2, Insightful

      Let's see, the economic system that has raised more people out of poverty than any other, young people aren't sure about.

      Two things.

      One, I'll grant you it has raised some out of poverty -- and to very high wealth in fact! -- but the other side of the coin is that many more have fallen deeper into poverty and debt, stuck in a cycle that is nearly impossible to break without help from others. Our economic system is heavily weighted against the poor. We tell the poor they have to pay higher interest rates -- pay more money!! -- because they are poor and private companies with no public oversight decide "credit scores", what kind of sense does that make? I know, you'll say "but the capitalists are taking a risk and deserve more!" but that's exactly the point, capitalism is making some rich at the expense of many others who pay more and fall more into poverty and debt.

      Second, even if what you say is true about capitalism (and I have my extreme doubts, see above), that's a very relative statement you're trying to make sound absolutist. Before capitalism we had mercantilism which was seen as improvement on feudal economics which was seen as an improvement on past systems. Why can't capitalism itself be flawed and similarly need replaced by some system -- let's call it socialism -- to help *even more* people? Until we have 0% homelessness, 0% poverty, our job is not done and we should not settle if we want to claim we are a civilized society.

    4. Re:amazing. by Areyoukiddingme · · Score: 3, Insightful

      Let's see, the economic system that has raised more people out of poverty than any other, young people aren't sure about.

      Nobody gives a fuck.

      Let me repeat, nobody gives a fuck.

      In the developed world, that happened to the grandparents, great-grandparents, even great-great-grandparents of today's youth. "Raising out of poverty" is the goal of the last century, not this one. If the system was still working, today's youth would see a path towards a future more prosperous than that of their parents, grandparents, great-grandparents, et al. They don't see one. They see all of the myriad new roadblocks instead. They see that they are objectively worse off than their parents. This is not a myth or a fluke or a manipulated statistic. This is the real world. Look around, asshole. Unless you live in a gated community, you'll see the evidence with your own eyes.

      Nobody gives a fuck about the "raise out of poverty" talking point. That was 100 years ago, or on the other side of the world, and either way, totally irrelevant to the life experience of people answering this poll. What matters is what has that economic system done for them lately. And the answer is, failed.

    5. Re:amazing. by Uberbah · · Score: 3, Insightful

      That's because that system has been corrupted and is now pushing people back into poverty.

      Capitalism, like a monarchy, is inherently corrupted. When you set up an amoral system that rewards screwing every one and every thing over if it means another nickel in dividends, while shielding shareholders from the companies actions, the results are a given.

  17. Re:That's because... by b0s0z0ku · · Score: 4, Insightful

    It's not an A or B choice, though. There's a 2-dimensional spectrum with one dimension being capitalism --- socialism, the other being authoritarianism --- libertarianism. Most younger people want less authoritarianism and more socialism, but it's not a bilateral choice between "Mao" and "the US."

  18. Re: Everyone knew the pump and dump was coming... by UnknowingFool · · Score: 4, Insightful

    In your version of history did you fail to include all the people that died due to capitalism as well? Also what is your definition of socialism?

    --
    Well, there's spam egg sausage and spam, that's not got much spam in it.
  19. Go fig. by OwP_Fabricated · · Score: 2, Insightful

    It's almost like capitalism hasn't done shit to help 2+ generations of people in a row.

    Surely, blaming them for the problem while selling them down the road will serve the generations that didn't get totally fucked over.

  20. Re:Schools by Nidi62 · · Score: 5, Insightful

    This is what happens when post-modernists take over the school systems and Western Values are treated as bad instead of good.

    Or young people see the generation before them loaded with debt and unable to afford to purchase a house, see a political ruling class that does not care about them, and see companies making record profits and all the money going to an increasingly smaller percentage of the population and are realizing "yep, the system's broken".

    --
    The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
  21. Something for nothing by acoustix · · Score: 2, Insightful

    The problem is that everyone wants something for nothing. It doesn't exist. Socialism has been tried many times on many levels and it simply doesn't work.

    Capitalism has a successful record. It has raised more people up from poverty than any other system in history. But you have to work for it.

    As far as the U.S. college debt situation: look at who is running it: Government. Is adding more government to the problem going to solve it? Probably not. Be smart about it. Use community college (or high school) to get GE requirements done cheaply. Get a job to help offset some of the cost, don't just use the college loans to pay for 100% the cost. Use credit cards wisely and don't spend money you don't have. Don't eat out. Ramen noodles and PB&J are your friends.

    Before entering college for that 4 year degree, be absolutely certain that's what you want to do. Most of my friends that graduated college aren't using their degree in their current field. Hell, some didn't need a 4 year degree at all.

    Trade schools. Seriously. Use them. These careers can be very rewarding and pay very good salaries. Less student debt, start a career earlier and start saving for retirement earlier.

    Many 4 year college grads have the equivalent of a home mortgage when they leave school. That's bad for many reasons and a drain on the economy.

    Obviously I'm posting generalities. But they are truths. In the U.S. you are responsible for your education after high school. Choose wisely.

    Government run education is extremely costly. In my home state they decided to offer free preschool to everyone. In my blue-collar town of 25,000 where up to 40% of the population is receiving some type of government assistance our preschool participation rate was 96%. After "free" preschool was announced by the state the cost per pupil per year went from $1,200 to $3,700 in one year. The new participation rate was still 96%. Why did the state government run program cost 3 times more to run than the private and community based system? Nobody seems to know. How do you suppose that would translate at the college level if college were determined to be "free"?

    --
    "A plan fiendishly clever in its intricacies"- Homer Simpson
    1. Re:Something for nothing by jeff4747 · · Score: 5, Insightful

      The problem is that everyone wants something for nothing.

      No, the problem is people who recite trite phrases instead of actually looking around them.

      Instead, they decide what they want the result to be (hence the trite phrase) and only look at the things around them that confirm that result.

      For example, those of us who want single-payer medical care don't want "something for nothing". We believe medical care is so important that we all should all get it, and pay for it via taxes. Just like we all pay for the military, firefighters, police, roads and so on. As an added bonus, it costs less money than our current system.

      How do you suppose that would translate at the college level if college were determined to be "free"?

      We don't need to suppose. California already did it. For about 100 years, University of California and Cal-State schools were free for in-state students. Eventually they added some "fees", but that cost about 1 to 2 months of minimum-wage 40-hours-per-week work.

      All it got California was the largest economy in the US, and created Silicon Valley. Not a bad deal.

      It ended when Anti-tax Republicanism swept over the state. Now that the Boomers had their degrees, it was terrible that these freeloaders were getting free education. And, far more importantly, they decided that "taxation is theft!!!" was their new motto.

      Be smart about it. Use community college (or high school) to get GE requirements done cheaply. Get a job to help offset some of the cost, don't just use the college loans to pay for 100% the cost. Use credit cards wisely and don't spend money you don't have. Don't eat out. Ramen noodles and PB&J are your friends.

      And when they do all that and still look to a future of never affording a house or never being able to afford kids? Now what?

      Fundamentally, the problem is productivity became decoupled from wages around 1978. Which means real wages have either stayed flat or gone far down for the vast majority of people for a very long time. Which results in "the American Dream" being out of reach of more people every year thanks to inflation. We're approaching a tipping point where something will be done about that.

      Option 1, which you appear to support, is to blame the people getting screwed over by this basic economic fact and do nothing. Which will result in more people falling behind, more anger, more resentment, and eventually a violent correction. If you're lucky, you'll be able to push off the violence until after you've died of natural causes.

      Option 2, which I support, is to start using the only peaceful tool available to make that correction: the government. Which means using the horrors of socialism to correct the worst problems and work to tip the economic playing field back towards the workers. You'll still be rich, just like people can still be rich in Europe. Just slightly less so. In return, your waitstaff will be able to afford to live on a 40-hour-per-week job instead of breaking out the guillotines.

  22. Re:thanks slashdot by Rei · · Score: 4, Insightful

    You do realize that socialism is mainstream in Europe, right? I'm looking around and I don't see any gulags here.

    --
    I believe Bird-Person can arrange that.
  23. Economy tied to Stock Market by Sir_Eptishous · · Score: 4, Insightful

    Once upon a time, most of the value of the American economy was from actual goods and services, and not so intrinsically tied to the stock market. Since about the late 1970s, the American economy has been tied to the stock market, which has engendered dangerous short term thinking.

    This, combined with the hollowing out of organized labor and the ever widening wealth disparity in the US has led to inevitable situation.

    What would anyone expect? A heart warming embrace of a system geared to enrich and empower those who are already rich and powerful?

    --
    We play the game with the bravery of being out of range
    1. Re:Economy tied to Stock Market by Lucas123 · · Score: 4, Insightful

      This.

      It's no longer just about the quality of the product you or whether your company grew. It's about meeting financial analysts' numbers. Meet them or risk having your stock sold off. And, now with new computer algorithms trading billions of share a day, millions a second, the market is more volatile than ever before.

      A butterfly flaps its wings in Bali and an EU company's stock plummets.

  24. Your fault by sjbe · · Score: 2, Insightful

    We raised a generation of idiots.

    If you raised them and screwed it up then YOU are the idiot, not them.

    And apparently we didn't teach them history, like how many in the past died due to socialism

    You seriously think capitalism hasn't resulted in anyone dying? Evidently you didn't learn much history yourself.

    1. Re:Your fault by Jeremiah+Cornelius · · Score: 2, Insightful

      20% of the population of the Korean Peninsula was killed by the US lead "police action", between 1950-53, alone. This is a median number close to three million innocent men, women and children. During this period, close to 100% of rural villages were obliterated by US and allied airpower assaults.

      If one is to asses the victims of capitalism, events like this - and the number of CIA operations to destabilize and topple independent nations like Iran and Guatemala, must be considered rationally, without recourse to political advocacy or aligned position.

      --
      "Flyin' in just a sweet place,
      Never been known to fail..."
  25. Re:That's because... by Anonymous Coward · · Score: 2, Insightful

    they haven't lived in a (real) socialist country.

    I neighther have you, apparently.

    Because if you did you'd know about a number of social-democrat countries, particularly in Europe, that have been doing spectacularly well for a number of decades.

    But your post clearly shows that you're ignorant, but it also shows, and that is worse, that you don't even know that you're ignorant.

    And that is to be expected for such a closed, culturally isolationist country like the US, where the vast majority of the population, especially in the red states, speak only one language and have never been more than fifty miles away from the place where they were born, let alone travelled the world.

  26. Re:Everyone knew the pump and dump was coming... by sinij · · Score: 5, Insightful

    More accurately stated, young people are not positive about how Capitalism is practiced in America.

    You are quick to blame people without closely examining how corrupt and rotten the system become. From debtor's prison of student loans, to bank bailouts, to suppression of tech wages by no-poaching agreements and H1Bs, there is plenty reasons to be skeptical.

    As to idealized version of Capitalism, that would be great, but what country has it implemented?

  27. Comment removed by account_deleted · · Score: 4, Insightful

    Comment removed based on user account deletion

  28. Re: Everyone knew the pump and dump was coming... by MightyYar · · Score: 4, Insightful

    Also what is your definition of socialism?

    That's one part of a two-part problem. The first part is that there is a concerted marketing effort by a large chunk of progressives to redefine "social democrat" to simply "socialist". I think this may be some kind of political Darwinism as people try to emulate the stadium-filling success of Bernie Sanders by cargo-culting his misuse of the word "socialism".

    Then on the other side you have people who know that their ideological opponents are misusing the term, but pretend that they are in fact referring to centralized control over production. So the resulting criticism is not about Denmark, but rather Venezuela. I suspect they are doing this because it makes their opponents an easy target.

    So here we are with a discussion overwhelmingly dominated by people making dishonest arguments, and apparently we've done such a poor job educating our young people that many of them are oblivious to the total sham of a discussion going on.

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  29. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 2, Insightful

    Also what is your definition of socialism?

    Socialism: Government ownership of the means of production.

    That is what "socialism" means. That is the only thing it means. It has been tried many times, and has never worked well.

    But when "young people" say they like socialism, that is NOT what they mean. They mean we should be like Denmark.

    The problem is that Denmark is a capitalist country. In many ways they are more capitalist than America. Even their post office is privatized. They rate higher than America on the ease of doing business index.

    They have fairly generous tax payer funded social benefits, but so does Greece. Nobody talks about the "Greek Model", but it is basically the same as the "Danish Model" except Greece is populated by Greeks instead of Danes. The "Danish Model" doesn't transplant well. It didn't work in Greece, and it didn't work in Detroit either.

    When young people say they want socialism, they really mean they want someone else to pay off their student loans.

  30. Re: Everyone knew the pump and dump was coming... by cayenne8 · · Score: 1, Insightful

    So the resulting criticism is not about Denmark, but rather Venezuela.

    I don't want to do the Denmark model either...I don't wanna pay well over half my income to the govt, for them to redistribute.

    I pay at least about 33% as it is, I don't feel like I should be forced to give even more.

    --
    Light travels faster than sound. This is why some people appear bright until you hear them speak.........
  31. Re: Everyone knew the pump and dump was coming... by MightyMartian · · Score: 4, Insightful

    Exactly. It's more a question of redistribution. I don't think many progressives (however that is defined) want a state-run economy, which really is what socialism, at least as it is traditionally defined, is about. It's been useful for conservatives and libertarians to define progressive economic ideas which are fundamentally redistributive as somehow Marxian, but they're really not.

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  32. Re: Everyone knew the pump and dump was coming... by MightyMartian · · Score: 3, Insightful

    I'd argue that a purely socialist state has never really existed at all. Marx's fundamental theory was that agrarian societies were not at a level of social or economic development where his economic and political theories would even work. Both the Soviet Union and China had to literally ramp up their fundamentally agrarian economies through rapid industrialization just to get them to a point where the whole notion of collectivism, in the Marxist sense, would even be possible. And really, since most of the Communist economies ended up being labeled some variant of "Marxist-Leninist", these economies still retained a limited space for private enterprise, at least until the Cultural Revolution in China, which even most Chinese Communists now view as a horrible aberration that had more to do with Mao reasserting control of China after he'd been effectively sidelined when the full extent of the catastrophe that the Great Leap Forward in the 1950s had created.

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  33. Re: Everyone knew the pump and dump was coming... by Q-Hack! · · Score: 5, Insightful

    The system we have isn't Capitalism, it's Cronyism. Brought on because people think that Keynesian economics is somehow a good thing. Sadly this line of thinking is so prevalent on both sides of the isle, that it will never get fixed until the system collapses. Young people today have never seen Capitalism, they have only seen Cronyism and yet everybody calls it Capitalism. It isn't.

    You do still see Capitalism at lower levels of society. The farmers markets, the used/antique markets etc. But those in government don't make money on these, they would rather make the big bucks working with large corporations. As a result, the large corporations get the laws passed that they want, usually at the expense of the little guy. Hence Cronyism wins the day.

    Now, if we can just get young people to understand the difference...

    --
    Some days I get the sinking feeling Orwell was an optimist.
  34. Re:thanks slashdot by BlueStrat · · Score: 1, Insightful

    this again. Socialism =/= Communism.

    As Karl Marx himself said, Socialism is just the step in between Capitalism and Communism.

    All forms of Marxist Collectivism (Socialism, Communism, Fascism) are authoritarian They are authoritarian by their by their very nature and share many principles in common as they are all based on Marxism.

    This includes "Democratic Socialism" which is an oxymoron in itself as it tries to put lipstick on that same old, tired, Marxist pig. Socialism and Communism are responsible for killing far, far more of their own people in peacetime than the Nazis did altogether in WW2.

    "Warning! Warning! Danger, Will Robinson!".

    Strat

    --
    Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
  35. Communism != Socialism by Roger+W+Moore · · Score: 4, Insightful

    Yeah, now they want another trial at what failed in the Eastern Europe

    What failed in Eastern Europe was communism. I'm not a huge fan of socialism but it is far less extreme than communism. Europe and Canada are now somewhere on the spectrum between socialism and capitalism, trying to find a balance between allowing people the freedom to generate wealth while also ensuring that some of that wealth provides a social safety net for those less fortunate.

    1. Re:Communism != Socialism by MightyYar · · Score: 5, Insightful

      Taxing and redistributing is not socialism - that is just a safety net, usually called social democracy. Socialism is centralized control of production, and the only places you see this in Europe are in healthcare and, in a few places, petroleum extraction - and that last one is self-limiting when the petroleum runs out. All corporations are created by government through some kind of charter, and some have a public ownership component - occasionally even a controlling interest. But it's still nothing like a philosophy of socialism - the economy is overwhelmingly driven by private sector allocation of capital.

      --
      W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  36. Nobody likes joining a Monopoly game... by AmazingRuss · · Score: 5, Insightful

    ... 3 hours in.

  37. Re:Everyone knew the pump and dump was coming... by lgw · · Score: 1, Insightful

    You need a safety net.

    The US spends about $10000 per person (about $27000 per taxpayer) on our safety nets. That's a pretty big net. (That includes $1.1T on Medicare, $980B on Social Security, $300B on income security programs ("welfare" etc), and $550B on Medicaid. )

    Young people are perhaps overreacting to the negative realities of capitalism.

    Young people are not "overreacting", they've simply been brainwashed. They aren't idiots, at least not moreso than young people in any age, they're forming reasonable opinion based on what the schools teach these days (which is pure propaganda).

    China manipulates all of the isms masterfully

    Did I mention pure propaganda? China's economy is quite bad, despite building endless seas of condos that no one lives in. They have a burgeoning tech sector, to be sure, but rural poverty remains the norm and manufacturing is shrinking as US manufacturing returns (to robots) in the US. You do know the trains didn't actually run on time under fascism, right?

    --
    Socialism: a lie told by totalitarians and believed by fools.
  38. Capitalism, not Corporatism by King_TJ · · Score: 3, Insightful

    The thing I find so disheartening is how many younger Americans reject Capitalism, in favor of a form of Socialism -- without realizing that this isn't as simple as an A or B pair of options. If you want Socialism, fine .... There are many places in the world actively practicing it, and you're welcome to move there. America was created as a unique experiment in the world, creating a Democratic Republic. IMO, it's proven itself not only viable but arguably superior to many other forms of rule by central governments. I wholeheartedly believe that as a U.S. citizen, I should do everything in my power to preserve this framework.

    Obviously, we have a lot of flaws, corruption and other negatives. But show me ANY government that's perfect, except on paper.

    IMO, what we need to be focusing on in America is how to move forward, to PRESERVE the Democratic Republic that our Founders created and made into a reality. Corporatism is really what most people are complaining about when they say they're anti-Capitalist. Corporatism is simply a situation where big business managed to collude with government to avoid being governed fairly by it. This can be addressed and mitigated without resorting to Socialism!

    America has already done too much dabbing in Socialist practices to appease various groups. Even when it creates a "workable" solution to a specific problem? It weakens our whole system of government, because it means we took an "easy way out" or shortcut, copy-catting what other countries did, rather than finding an answer that doesn't go against the principles that built what we've got here.

    Perhaps the place this "battle" is most evident, today, is the healthcare debate. Single-payer or Socialized medicine is something I just can't accept, even though I accept that it's ONE solution that basically works for other countries. If we stick to our core values and principles that defined America, I think we have to conclude it's unfair to demand medical professionals all get paid a fixed salary, as dictated by Federal government. I think we have to conclude that no, healthcare is NOT a right in America. You have every right to pursue better health for yourself, obviously. But as soon as you need medical care, you're demanding the services of another person or group of people who invested many years into education and training to be good enough to perform those services. They aren't your slaves, nor do you have a right to force other American citizens to pay their fees to treat you. We DO need to stop the collusion/ Corporatism that allows big pharma to get protectionist treatment by government for exclusive rights to sell medications, and to prevent competitors in other countries from importing their offerings here as legal alternatives.

  39. Re: Everyone knew the pump and dump was coming... by Areyoukiddingme · · Score: 5, Insightful

    Take the US for example where capital accumulation continues indefinitely leading to higher and higher concentrations of wealth. One obvious issue here is this then shifts social power to the wealthy through governmental manipulation.

    Shifts? This presupposes that social power was ever out of the hands of the wealthy. I'm not entirely sure it was.

    From ancient times to medieval times, people in power were rich and rich people were in power. They were practically inextricably linked.

    In the Age of Mercantilism, rich people were so powerful they owned private armies. The Dutch West India Company managed to capture the Spanish silver fleet in 1628, stealing their entire cargo. (Among many other similar things of that era.)

    In the Gilded Age in North America, a dozen men controlled the industry of the entire continent.

    In the 1940s and 50s, television was such a fantastically powerful propaganda tool that Boomers were effectively controlled by a few dozen people.

    Today, a handful of major websites are so influential that Congress holds hearings about it.

    Control has been getting less overt and somewhat more diffuse, but it still rests with rich people. They're having to work harder to maintain it, but they are maintaining it. Tax law benefits them, not me. The courts benefit them, not me. Congress represents them, not me, except by accident.

    When was this mythical time when society was controlled by anything other than rich people?

    It's quite obvious people aren't happy with the current social contract because most citizens are falling further and further into losing their half, so to speak. As such, they're rightfully upset.

    Rich people back through the Gilded Age knew to allow more than mere crumbs to fall from their table. Modern rich people seem to have forgotten that. They have far more medieval attitudes than we've been accustomed to for the past century and a half.

    It's gotten so bad that we're no longer better off than our parents. That's when we really noticed things not going well. I personally am, but my brother isn't. Going down the list of my cousins, only one of them is doing better than his parents, because he married well. The rest are either hanging on, or doing markedly worse than their parents. Looking around my neighborhood, the number of houses with 3 and 4 and 5 cars parked at them is higher than it ever was when I was young, as Millennials either fail to launch and boomerang home, or launch much much later than was previously the norm, because they simply can't afford the real estate to move out. What I see jives with the statistics I hear about.

    The Libertarian Lunatic fringe of Slashdot will be quick to point out that young Americans are being heavily propagandized at their universities about socialism and communism, so it's all their fault. I contend that universities have been propagandizing since the Communist Manifesto was published in 1848. It's gaining traction again now because capitalism is failing to make young people's lives better, for the first time in quite a while. If capitalism was working better for the masses, they would go on ignoring university propaganda just as they did for most of the last 170 years.

    I'm not so sure that there's a generation of people who don't blindly accept what they're told and question, or apply logic and reason. Reading Youtube comments for an hour is enough to disabuse you of that notion. What I am sure of is there's a generation of people looking up from their empty plates and saying, "I was promised cake. Where's the cake?"

  40. Re: Most Successful System Ever by Anonymous Coward · · Score: 2, Insightful

    You could have made the same argument about Slavery in 1830.

    Just because a system hasnâ(TM)t been tried yet isnâ(TM)t an argument for not trying that system.

  41. Nevermind that it has brought prosperity by SocietyoftheFist · · Score: 2, Insightful

    The Soviet Union failed at that. Yes it was Communism but they aren't too different. Even in socialist countries today you still have the haves and the have nots. People fail to believe that society stratifies on its own and not by the will of some uber ultra elite. There are those that will work to the bone to secure their lives and there are those that will complain that the man holds them down, even when the man is the only thing propping them up.

  42. Is it really capitalism then? by rsilvergun · · Score: 5, Insightful

    I've got a buddy with Type-I diabetes. The kind your born with and that you die of without insulin. He can't work because the illness kicks the crap out of him for about 2 months every year, and it's a random 2 months. He barely made it through high school. Smart guy, but not Einstein grade smarts so no employer is going to put up with him.

    He's pretty right wing. Has a got family who worked in defense. So he gets his political views from there.

    When asked about healthcare he understands that he needs socialized medicine or he dies. Again, he's smart. He's figured out that in a pure capitalist economy he couldn't possibly earn the money to pay for his care. You should hear the convoluted mess of a healthcare system he came up with that preserves his ideological system while ensuring he gets care. It was like Obamacare but with much bigger subsidies and more guarantees of care. To his credit when I pointed out that he agreed that he'd basically created a socialized medicine but with a 30% surcharge for private insurance profits.

    I'm not saying we can't have a mixed system. I'm in favor of single _payer_, e.g. the gov't pays but otherwise stays out of things. But that's still socialism. At some point I think we have to admit that capitalism as we idolize it just plain doesn't work.

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
    1. Re:Is it really capitalism then? by CronoCloud · · Score: 2, Insightful

      You are trying to decide what will be best for society as a whole, and get the government to implement it.

      That's what CIVILIZATION as a whole is. You know, Civilization? the thing that took us from stone age hunter-gatherer tribes to what we are now?

      Baba yetu, yetu uliye
      Mbinguni yetu, yetu amina!

  43. Re:That's because... by aepervius · · Score: 3, Insightful

    Yeah like those hellhole of danemark , sweden, etc... You can mark everything as a failure if you ignore the success the only gather the failure. The truth is, socialism and capitalism together , the one to build a social net to avoid people falling down, the other to enhance society as a whole is MUCH better than either one pushed to 11. At the moment the US is doing capitalism pushed to 11, and the younger generation can recognize they are getting fucked in the ass without vaseline. You know people are young, not dumb.

    --
    C. Sagan : A demon haunted world:
    http://www.amazon.com/gp/product/0345409469/
    visit randi.org
  44. Re:Hearts and brains. by Green+Mountain+Bot · · Score: 3, Insightful

    The problem is the conservatives are operating on bad science and bad economics ...

    Or, at the very least, in bad faith.

  45. Re: Everyone knew the pump and dump was coming... by angel'o'sphere · · Score: 3, Insightful

    Sure, if taxes are so important and you prefer to pay premiums for healthcare, pension and the school education of your kids, and need a gun to feel save, and several cars for your family to go around over the course of the week, then Denmark is nothing for you.

    If I earn a million per year, or for funk sake only 100,000 ... I don't care if the tax is 33%, 50% or in case of fhe million, even 90%

    For what would I need more than 50,000 - 100,000 disposable income?

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  46. confusing a free market with capitalism by mx+b · · Score: 4, Insightful

    small "c" capitalism is something a free society has to have, i.e. the ability to buy and sell goods in a relatively unfettered market.

    You're confusing a free market with capitalism, which is not the same thing. It's also a very common mistake to make given the propaganda in the US that intentionally wants us to associate "freedom" with capitalism.

    Capitalism simply means private ownership and control of resources -- land, natural resources, and modern industrial means of production. Private ownership means generally speaking a person (a dictator or monarch) or a small board of directors (an oligarchy) make all the decisions about the use of resources and production. On the surface, this seems like a very fair thing -- you own it, why shouldn't you get to decide? -- but the problem with this line of thought is the scale we're talking. When a capitalist decides to clear cut a forest, that forest is now gone and even if he sells the land later, no other person gets to use that forest ever again. What if someone else wanted to create a park? Too late, capitalist decided already. What if a majority of people in the area wanted a park instead of a clear cut field? What if that forest and all those tree roots helped soak up water and prevent flooding, but now without it, surrounding neighborhoods easily flood? What if that forest held a rare species of tree or animal that could have lead to a medical discovery? Even if we needed to cut the trees down for firewood or paper or whatever, maybe we would have preferred to the wood go to local community members and not sold in China or wherever? Too late, capitalist already decided.

    That's the problem with private ownership of resources and production. Most if not all resource use decisions actually impact all of us, at least community-wide if not planet-wide (as climate change is producing). And yet we are allowing monarchs and oligarchs make those decisions for our communities and nations without any input. Is that fair and just for someone else to decide things that impact your family and community without you having any say in the process whatsoever? I understand you might not always get what you want, but right now you don't even have a vote. A CEO decides and that's it, can legally do what they want (within broad confines of regulation that politicians continually cut and weaken) and completely ignore you and your family and your community. If it makes your house flood more, they don't care. If it causes environmental damage that gives you and your family lung cancer, they don't care. You don't have any say.

    Socialism is the idea that resources and production should be publicly-owned and democratically managed. That's really all it is. Because of certain historical events people confuse socialism with authoritarian takeovers of those countries, but again, like the free market and capitalism, they are not the same thing. All we're talking about it more democracy, that you and your family and your community should have a vote and decide how those resources are used and that it should not be left to private decision-making behind closed doors by people who don't necessarily live in your community or even country.

    Note also, as a common misconception, that socialist theory typically distinguishes between "private property", which is private ownership of natural resources and industrial means of production, and "personal property" which is your family home. Socialists don't generally care about your family home or your toothbrush or your clothes or your car, do whatever you want at home when you're not bothering anyone. No one is going to take your house. It's about democratizing economic decisions for the big industrial questions that affect all of us, it's about making sure no one businessperson CEO can force their economic vision on you and the community, you have to all agree together democratically. You get more individual freedoms and more say-so under a democratic system -- both politic

  47. Re:That's because... by Train0987 · · Score: 3, Insightful

    The Great Famine that occurred when China prohibited farm ownership (big feature of Communism), replacing (killing) all of the skilled farmers and replacing them with "The People" who had no clue how to grow food and no one left alive to teach them. All part of that Great Leap Forward!

  48. Re: Most Successful System Ever by Reverend+Green · · Score: 5, Insightful

    People could easily look past capitalism's iniquitous allocation of wealth when everyone's standard of living was going up and America was the freest country in the world.

    Unfortunately most people's standard of living has been dropping for at least a generation. At the same time the American Gulag has become the largest in the world, filled almost entirely with persons who were coerced into "confessing".

    No longer able or willing to provide freedom & prosperity, the capitalist/financialist oligarchy has lost the mandate of heaven. People are beginning to look at it more like criminal gang and less like a legitimate government.

  49. disgraced youth by sdinfoserv · · Score: 1, Insightful

    whoa is me, I got a social liberal arts degree from a private school now I can't cash flow my student loan! Capitalism sucks, whine, whine, whine....
    Hardly, true capitalism punishes bad choices and rewards hard work. Believing 20 somethings run the world is movie BS. Study hard, do a good job, pay your dues and when you hit 40 or 50, you get ahead and have enough experience to run the show.
    One of the problems is you've all been babied by "everyone is a winner and gets a ribbon!", that's not reality. The real world is full of winners and losers. Some ideas a bad. Some people are bad. That's life.

    1. Re:disgraced youth by sdinfoserv · · Score: 2, Insightful

      Also, the "gig" economy is sham. Lyft and Uber are corporate parasites the cash in off the lowest possible rung, the driver. A "taxi" driver gets a wage and benefits. Gig drivers work for sub-minimum wage, often pennies per hour. (http://fortune.com/2018/03/02/uber-lyft-driver-income/ ), You're living off the equity in your vehicle, which is non-sustainable. By driving for or using these services, you perpetuate the inequality.
      Tiny houses are brain damaged. They're really expensive RV's. period. Re-estate has a value and appreciates over time. Tiny houses lose value ....
      When it comes to the gig economy, tiny houses, looking for unicorns - "but I get to live life on my terms", well, then you've decided your terms are poverty.

  50. Capitalism is disappearing. by Qbertino · · Score: 4, Insightful

    What remains is a plutocratic corporate socialism sold to the masses as free market capitalism. No wonder they don't like it.

    --
    We suffer more in our imagination than in reality. - Seneca
  51. Re: Most Successful System Ever by mrchew1982 · · Score: 3, Insightful

    I still don't see it. We live far better than our grandparents by any metric. Could it be better? Hell yes! Hopefully that's what gets you out of bed in the morning and contributing something positive to the world instead of sitting around bitching and repeating hyperbole. Nobody owes you anything, get out there and make it happen.

  52. Re:Not a single incident, but in aggregate? by Roger+W+Moore · · Score: 3, Insightful

    Unless everything is so entrenched in beauracracy like NASA that hardly anything gets done, there will always be mistakes.

    Correct. There will be random accidents caused by human fuck-ups in either system. However, on top of this there is pressure to beat your competition leads people to take short cuts and cut costs in the capitalist system which will undoubtedly lead to most mistakes. This is a pressure that is almost completely absent from the socialist system where the tendency is to become NASA-like: completely safe but utterly boring. This is why socialism tends to be used for "boring" things like water, electricity and gas where there is little to no competition or innovation.

    I'll bring this a step further: one ridiculous argument I heard for communism is that slavery would never have occured.

    That really is ridiculous because in communism everyone is a slave to the state!

  53. Re: Most Successful System Ever by Reverend+Green · · Score: 2, Insightful

    My grandparents had:

    - much healthier food
    - cleaner air
    - more personal freedom
    - larger living space
    - greater economic opportunity
    - less crime
    - less mental illness
    - much stronger families
    - easier access to medical attention

    Thanks we have:
    - much better plumbing & HVAC
    - far better medical technology... for those who can afford it
    - wider access to long distance travel
    - access to far more information, i.e. the internet

    The progressive ideology that things just keep getting better in every way with the passage of time is ahistorical.

  54. Re: Most Successful System Ever by Anonymous Coward · · Score: 3, Insightful

    What a load of nonsense. You have bought into sensationalist news. Crime is lower than any time in last 50 years. Practically everything is safer - cars, planes, household items, medicines, food, etc. Creature comforts are so much better; you likely ride around in a car that is so far advanced over what the wealthiest person could afford. I am going to guess that home ownership rates are better thanal.ost anytime in history, and the houses are better built, too. If you honestly think the past was better then you are misguided and ignorant. Humans easily forget the bad and remember the good so are memories are distorted.

    My comment has nothing to do with capitalism vice any other system. It is against blatant lies about history.

  55. Re:No, there are two ways he could obtain his insu by lessthan · · Score: 3, Insightful

    Charities don't give the money out equitably. For the most part they have an agenda and you either have to meet a criteria or do something for the charity. What happens to the people who don't meet the criteria or are incapable of what is asked? Gay youth make up something like 40% of the homeless children. I can guarantee you that most of the Christian charities would ask them to "renounce their wicked ways" before helping them. Since being gay isn't a choice, that would be a little difficult for the kids to do.

    Charity isn't a guarantee. You say charity would be a more robust net and that may be true for some, but the net would definitely have larger holes in it than the one the government provides. A thin blanket is better than none at all.

    I would also point out that terrible people always find a way. If we were to switch to social safety nets based on charity, there would immediately be people taking advantage of both sides of the system. The rich would use their promises of donations to distort the missions of charities to favor the rich and the scammers would set up shop finding ways of getting more than they should. That is inevitable.

    In fact, while writing this, it occurred to me that shifting everything over to charity would allow for much less oversight. There would be more grift. What is the purpose of that? The charities that you know may be stellar, but you can't deny there are terrible people out there willing to use the word "charity" to make money. Heck, our president uses his "charity" to pay off his legal fees. It's like we are in a cave of scarcity and you anti-government people want the rest of us to throw away the flashlight. And it really sounds like you just don't want to pay taxes for the programs that you disagree with and to hell with other people.

    Also, Medicare alone is 702 billion dollars per year. 402 billion isn't going to cover it.

    Also, also, I realized that the system you are suggesting would resemble the scholarship system for colleges. Have you ever applied for scholarships? It is a PITA. It is always not enough, there are always conditions on the money, and you always find the great ones after it is too late to apply. Scholarships are what happen when you leave college tuition funding to charity.

    --
    Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
  56. Re: Everyone knew the pump and dump was coming... by mjwx · · Score: 5, Insightful

    The system we have isn't Capitalism, it's Cronyism. Brought on because people think that Keynesian economics is somehow a good thing. Sadly this line of thinking is so prevalent on both sides of the isle, that it will never get fixed until the system collapses. Young people today have never seen Capitalism, they have only seen Cronyism and yet everybody calls it Capitalism. It isn't.

    You do still see Capitalism at lower levels of society. The farmers markets, the used/antique markets etc. But those in government don't make money on these, they would rather make the big bucks working with large corporations. As a result, the large corporations get the laws passed that they want, usually at the expense of the little guy. Hence Cronyism wins the day.

    Now, if we can just get young people to understand the difference...

    Cronyism or crony capitalism is capitalism in a pure form... The farmers markets et al. are examples of small market economies which scale out to be mixed economies.

    The problem isn't that young people don't understand the difference, it's that you have made up your own definitions.

    Successful economies are always mixed economies, combining parts of capitalism, socialism, free market libertarianism and controlled markets. There's plenty of room to argue which mix is best but pure forms of these ideas are and have always been bound for failure.

    --
    Calling someone a "hater" only means you can not rationally rebut their argument.