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#capitalism is not...
* ... large corporations
* ... greed
* ... the rich taking advantage of the poor
* ...unfair labor wages
capitalism is...
*... fair market prices determined by value
*... markets that are not and can not be manipulated
*... fair wages for fair work based on the value contributed
*... poor people having equal chance as rich to market their skills
*.... a free market, a fair market.
I'd add to that list:
*... value determined by the market participants
Also, "free" as in "freedom", (or free beer, too, if that brings in more customers).
(clarification - no need to respond)
I just had a brewery favorite my "free beer" toot and thought others might have misunderstood the metaphor also.
"Free beer" in the economics context means something like UBI or other similar transfer to the general population so wealth is more evenly distributed and more people can participate in markets so the markets function better ("more customers").
Kind of like "Build Back Butter", something like that.
@Pat UBI sounds like a wonderful idea. My proposal for an UBI implementation is where we take 75% of the money from every worker's pay check and give it with no conditions asked backed to their employer. That way the employer has more money to pay wages with and naturally will give everyone a raise!
@cee im not sure if i agree that privatizing of the medical community is your problem per se. Privatized medical is the correct solution in part, but it cant be just privatized as the whole of the solution, that wont solve anything. The only way you will get a healthcare that works is if you have a free market (which ultimately means private) but ALSO eliminate the greed component since healthcare doesnt follow the normal supply-demand pressures. Co-op based healthcare which is both privatized and the owners of the company are the policy holders, is really the only solution. Public health has been a failure as much as the american version of privatized health has been.
