What incentives does free-market Capitalism offer when laissez-faire CEOs constantly ship the jobs overseas?
Very few people actually move up in the economic/social ladder under free-market Capitalism. In fact, most statistics show that people born into their respective classes are more likely than not to either remain in said class or move down a class. Couple that with the fact that industries and corporations are able to legally move jobs overseas for less pay and less cost, and you have a disaster waiting to happen. I'll ask the question again: what incentives does free-market Capitalism offer to the lower working classes?
Asked By: Le Socialiste - 4/28/2010
Best Answer - Chosen by Asker
You are right.. it benefits no one.. the CEO's are now so independent of their actual companies that all they care about is the bottom line and how many billions they can sock away in offshore accounts. Not one of them cares about America or its workers at all.. just money and ego. They should be all sent overseas... More
Answered By: Maria - 4/28/2010
Additional Answers (3)
Capitalism is the best system in the world without its greed, CEOs would become wealthier in the long run if they would just stop being so greedy.
Answered By: Alex - 4/28/2010
but why do they ship the jobs overseas? I sponsored a husband and wife from romania, the came here with nothing, they worker and saved saved saved, now they have great jobs and have a family and their own house, the US is the land of opportunity of you work hard, thats why people come here
Answered By: Fear The Boom And Bust - 4/28/2010
the unwillingness of people to move up in economic or social status says more about people than it does about free market capitalism.
Answered By: Jimmy C - 4/28/2010
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