Thread: An explanation for the failure of capitalism

Originally Posted by JMS

Your horns are starting to show.

Surely, you're not insinuating that I'm evil incarnate.

a couple quick points or thoughts i have reading those responses.

1 - your belief that inflation is fine and equal i'd can agree with if it occurs equally across all individuals in the economy. however this will never happen in real life. 2 quick reasons that come to mind are - 1; the economy is now global and while we can alter the progression of inflation in our economy we are not effecting overseas economies equally thus someone doing business and repatriating funds will see a different inflation (fx rate, gdp/cpi differences in those countries) and bringing that money back home will help/hurt them more then everyone else. and 2) is that if we had instantly over night 50% inflation in goods at no time would that be instantly recoup'd via salaries/pay. thus the poor would be instantly more poor due to less coming in and unable to buy goods they once good while the rich would be able to continue purchase those goods (at least for a while but by then we'd have revolt and anarchy, we are animals at our core)

2 - what about something simplistic as the stock market for your game? it levels the needs of people to simply making money. you will still see that as individuals we have different risk tolerances, some more risky some risk adverse and that is at the core of the capital distribution and thus capitalism. i ran a hedge fund in nyc for 6yrs and it was a great learning experience. simplistic to the core in the objective, to make money. it was amazing to see how few people had the risk tolerance to make it in the industry. its a small industry of people who want to take risk but even within those few, only about 10% of those really have the risk tolerance needed to persevere.

3 - lets take that last sentence on risk and say that we further the cause of this capitalism due to our risk differences. i am 100% pro someone starting a business or having an idea that grows huge and they making 25mil a year while a worker at his shop makes 50k. at some point the inventor/entrepreneur had to dig down, stop what he was doing, leave the saftey net, put up his hard earned money or go well in debt borrowing to take a chance to make something/ start something great. many many fail and people lose all but other ones work out and thus they deserve to make the $$ from it. many people will never take this risk as they are happy to glide thru life on cruise control, making their salary, spending X, saving X and budget it all out. few are the ones who say "screw that" and put their savings into starting something on a chance. the worker makes less, the producer/owner makes more but that producer is enabling the lifestyle of the worker who never had the idea or was too risk adverse to act upon it. in my eyes they deserve to make more.

~J

lets take that last sentence on risk and say that we further the cause of this capitalism due to our risk differences. i am 100% pro someone starting a business or having an idea that grows huge and they making 25mil a year while a worker at his shop makes 50k. at some point the inventor/entrepreneur had to dig down, stop what he was doing, leave the saftey net, put up his hard earned money or go well in debt borrowing to take a chance to make something/ start something great. many many fail and people lose all but other ones work out and thus they deserve to make the $$ from it. many people will never take this risk as they are happy to glide thru life on cruise control, making their salary, spending X, saving X and budget it all out. few are the ones who say "screw that" and put their savings into starting something on a chance. the worker makes less, the producer/owner makes more but that producer is enabling the lifestyle of the worker who never had the idea or was too risk adverse to act upon it. in my eyes they deserve to make more.

I'm all for this as well, which is why I'm not advocating that we take all of everyone's wealth periodically and redistribute it, merely a portion. And I insist that we take from everyone equally (proportionately to their wealth) and distribute to everyone absolutely equally. Those who have risked and succeeded do indeed deserve to reap the rewards of that success. But I also think that it's in our collective interests to support those who've risked and failed, and give them another chance to risk and succeed.

Originally Posted by Kantian Pragmatist

Surely, you're not insinuating that I'm evil incarnate.

No! Meaning that your agenda is becoming clearer and clearer with every post you make.

Originally Posted by JMS

No! Meaning that your agenda is becoming clearer and clearer with every post you make.

Then pray tell, enlighten me. Since I believe that my only agenda here is to present this idea and discuss it with others.