Capitalists: How do you repudiate these economic inefficiencies of capitalism?
I don't have the greatest understand of economics (I'm 16) but perhaps you can show me where I'm wrong. 1. Product Duplication. Companies that waste resources, time, and labor by making different types of the same product. If you go to a grocery store you will see around 60 different brands of cereal. All of them have the same basic ingredients and the same quantity, same with automobiles, etc. 2. Systemic Unemployment. Because not everyone that wants to work is needed by employers all of the time, many people find themselves unemployed. In any other economic system, there is no excess labor. In socialism, labor is an asset that shouldn't be wasted. Houses could be built, food could be distributed to everyone, etc. you get the point 3. Cost-Shifting. The employees have a constant risk in their employer. If he/she is not competent to manage the business with success, they (workers) suffer for him. Companies will lower input costs and to shift it onto the state, taxpayers, or workers when profits and survival are under threat. 4. Waste of Unsold Goods. Basically, companies trash whatever doesn't sell. When there is leftover food at closing time, restaurants throw it out. They then lock up the dumpsters or poor bleach on the food so the poor don't get it, since it is more profitable. It is then de-compensated after it is disposed in landfills and thus creates methane gas, which contributes to Global Warming. 5. Planned Obsolescence. Corporations artificially limit the life-span of their products to increase revenue. 6. Creation of false desires. Hype is built around products to make them look trendy. Ads try to get you to purchase the company's product. People should be satisfied with what they have and who they are, not worshiping consumption. People end up with self-esteem problems, depression, stress related disorders, etc. which creates a more unpleasant society. 7. Useless Jobs. Capitalism creates non-productive and useless jobs. They drive up the cost for consumers and they do a job that contributes nothing to meeting basic human needs. Like car-salesmen, etc. and capitalism creates jobs where people get paid only to boss others around (Administrators and supervisors). There are many more but I'm getting tired of typing. SO, what is your response? Show me where I'm wrong and why. SPECIFICALLY. Are all of you so intellectually bankrupt that you can't give an answer that's more than one sentence? Neocons and Socialists Hate Me- Yes, I am 16 years old, and by the looks of my question and your answer, I'm already smarter than you. I've read Hayek and Adam Smith. The Road To Serfdom is the worst book I've ever read. Half of it talks about Hitler and the Nazis being left-wing simply because he called himself a National Socialist. The other half complains about "central planning". By the way Adam Smith wasn't a wacko libertarian like you ron-paul nuts, you just perverted and distorted his teachings and actual classical liberalism. He would be considered a progressive by today's standards. Boomer Wisdom- Best answer i've seen so far. I do believe the state is an illegitimate institution and that "state socialism" leads to bureaucracy and tyranny. In my opinion, the state oppresses people just as much as corporations do.
Asked By: no means yes - 3/16/2011
Best Answer - Chosen by Asker
Humans are inefficient regardless of the economic system they operate under. Strict central planning is error prone because committees cannot possibly predict everything that will happen when producing goods or managing people. Likewise, with a free market system there are bound to be problems as well. Managers and... More
Answered By: Western Unity - 3/16/2011
Additional Answers (16)
A very complex set of questions answered by a very simple answer... IT WORKS BETTER THAN SOCIALISM!!!! There, don't cha feel better now?
Answered By: You sure ya want a Jihad? - 3/16/2011
you have no idea what you're talking about.
Answered By: Chris - 3/16/2011
Have faith in the invisible hand.
Answered By: Mad Max - 3/16/2011
You think a group of individuals with absolute power can do better? I can think of no examples. You are 16 years old. You should be going out on dates and getting a job. Stop reading wikipedia because you clearly do not understand finance enough to come to any logical conclusions... More
Answered By: Neocons and Socialists Hate Me - 3/16/2011
What you're attempting to destroy sounds a lot like sex. It's often clumsy, not particularly attractive, and many lies are told. It's always d**n good regardless. I prefer my over consuming, greedy, and self possessed immorality, to your micromanaged monotony. Your World produces Trabants; mine produces Corvettes.
Answered By: Tom - 3/16/2011
In 100 years, nobody is going to worry about whether or not anyone starved to death in the street tonight.
Answered By: T-bag D-bag - 3/16/2011
Get you head out of the proverbial bucket. We are ALL Capitalists... More
Answered By: "FEED ME JACK!" - 3/16/2011
Your trying to tell people who are being and have been bombarded since birth that capitalism is the end all be all economic system. Good luck. It's like trying to convince a religious person there is no supernatural being who watches everything you do to see if you are bad. Too heavily indoctrinated to understand... More
Answered By: dominique m - 3/16/2011
Answered By: Pipez Ngarrs - 3/16/2011
Duplicated products that do not sell and make money are dropped that is the free market system... More
Answered By: Chin T - 3/16/2011
1. That is called competition and keeps prices down for the poor... More
Answered By: FlyingPig - 3/16/2011
Add marketing or advertising to your list.
Answered By: Tom Florentine - 3/16/2011
The distinction needs to be made between Free-Enterprise Capitalism and State Capitalism (aka socialism, communism, etc... More
Answered By: Boomer Wisdom - 3/16/2011
You actually want some one to refute these statements, not repudiate them... More
Answered By: Patrick G - 3/16/2011
I am not the greatest fan of Capitalism. Those who know are aware that the free market exists outside Capitalistic countries as well. Governments often interfere in the free market itself... More
Answered By: Strings Attached - 3/16/2011
1) We have choices and the product that each person likes the most is purchased. You can not believe that one cereal on the cereal aisle is a better option, if that were the case then talk about product manipulation by the manufacturer... More
Answered By: clean truck - 3/16/2011
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