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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 executives (civilian or governmental) are not always kind souls and will exploit people when possible.
Mixed economies stand the test of time. I think people need to stop morally investing in economic systems. Ultimately the "ist" and not the "ism" makes history. I can only guess what your ideal society would be (if any). But realize that utopias aren't real and that communal societies devised by professors don't actualize. Tribal societies are viable but they develop hierarchies which for some reason "academics" find distasteful.
Purely economic thinking is a sign of inner weakness. Perhaps this is merely the spirit of our age but perhaps it was artificially introduced. An economy should be made to serve people and not the other way around. Humanity, Culture, Race, Religious Belief, Philosophy, Art, and hosts of other things always trump money.
I favor Socialism as an ethic. By subordinating the need of the individual to the needs of the group, humans can advance spiritually, biologically, and technologically. This ethic can be applied to whatever state or society you wish.

Let me address each of your points for some added clarity:

1. Humans like variety. Do you know one reason why Europeans traveled and conquered land abroad? Spices. In the days of yore food was rather bland in Continental Europe. By acquiring spices the rulers (and eventually lower classes) could ease their flavor boredom.

2. In traditional and kinship based societies families took care of their own. Everyone had work and even those who could not make it in today's world had some form of place. The absence of technology created work as well.

3. Life is a constant risk. Nobody can provide 100?ob stability in any situation or circumstance. Some systems provide more than others, but ultimately everyone should be responsible for themselves when working outside the kin group.

4. How many goods are unsold? Many companies/governments sell off their excess products at bargain prices. If something is truly unsellable chances are it's an inefficient or defective product.

5. I will cede that point to you.

6. That is more a symptom of cultural decay than anything else. Advocates from the right and left (if you view things from that dichotomy) will both agree that modern consumer society is unhealthy. The erosion of a people's heritage can atomize them and make life a living hell with or without mass produced goods and the lifestyle they provide. A morally sound individual can survive just fine in this mess. But one without identity will be destroyed by it.

7. Any society will create make-work for people it can't deal with in another way. Just look at the American Postal Service if you don't believe me.
Answered By: Western Unity - 3/16/2011
Additional Answers ()
A very complex set of questions answered by a very simple answer... IT WORKS BETTER THAN SOCIALISM!!!! There, don't cha feel better now?
Source(s):
1. Without product experimentation we'd all be driving Model T's still. 2. NO country can promise 100?mployement and stay solvent. 3. One business goes under another rises. You see a demand for buggy whip manufacturers any more? 4. So? It's their product. They can do whatever they want with it until it's sold. 5. I don't see that at all. I've got a 76 Cobra Mustang in the driveway that runs as good as the day it was built. Products last as long as people maintain them. Small appliances are often cheaper to replace than fix. thank capitalism that they are cheap to buy. 6. Anyone stupid enough to fall for advertizing gets what they deserve. 7. Where are these useless jobs? I don't see any in the business I am in. Useless jobs are cut in any successful business. nly govt will keep useless people working at useless jobs.
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.

If you want to understand economics I suggest you read Free to Choose, The Wealth of Nations, and The Road to Serfdom. Quit reading Marx for a while. If you read what these free market books you don't seem to comprehend them well. You can boast about your technical knowledge of economics but East and West Germany said it all. It's better to either convert to freedom or give up the subject entirely.
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!


If you are not Capitalist, give up the internet, walk to the nearest person, give them all you own, walk wherever you go, don't work, don't eat, .....................whatever.



"7.Useless jobs"? Show me a job the government creates, that creates capital.
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 reality. profit is god to these people
Answered By: dominique m - 3/16/2011
Shudup stoopid
Answered By: Pipez Ngarrs - 3/16/2011
Duplicated products that do not sell and make money are dropped that is the free market system.
The Communist block had people employed sitting all day as hall monitors doing nothing,
If employees are better at running a business and want to take the risks etc( not all businesses cost that much to start) rather than relying on an employer they are empowered to go ahead and open one.

Waste of unsold goods? Where? Again if goods go wasted and unsold money is lost and businesses do not repeat the mistake

Useless jobs sounds like the Soviet Union's hall monitors again.

I can tell you are only 16. That said with regard to the unanswered so far #6.
Creation of false desires. Read an essay which many college students have to read in basic first year English although it is more than an English lesson, it answers your question.
It is called The Futile Pursuit of Happiness
By Jon Gertner
Published: September 07, 2003

You can find the whole thing online at the link bellow. It explains why even though people will make effective forecasting errors (Creations of false desires) those who study the subject are AGAINST allowing an entity take that pursuit (of happiness) away from the free will and rights of individuals within a society.

I am glad you can read now go read Gertner
Answered By: Chin T - 3/16/2011
1. That is called competition and keeps prices down for the poor
2. Incorrect: The US (especially under Republicans) have the lowest unemployment rates in the world (numbers don't lie). Also, a business is not obligated to give someone a job. Its called freedom.
3. Workers are free to find a less risky employer. If costs get "shifted to the state" that would be socialism...not capitalism
4. What the hell does methane gas, and throwing food away have to do with Capitalism? And if a restaurant wants to waste food that is their choice. Once again, nothing to do with economics, just bad use of food.
5. That is their right...if you don't like it go buy a typewriter.
6. Again, you are blaming a social problem on an economic system.
7. 100?ncorrect. You obviously have never held a real job. Go tell Wal-Mart they need to get rid of their supervisors.
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.)

1.) If I go to the computer store, I can choose between an Apple or a Microsoft operating system. You can't do this if the government owns the means of production. Likewise, with cars, Ford, GM & Dodge all make trucks and cars. Oddly, they are somewhat different; but if you don't want to buy them, you are not required to do so. You could buy a Toyota or a Yugo.I'll take the first four mentioned if they have the features I want.

2) Yes, make work programs are cute. But they they don't put new wealth into an economic system. Human economic systems are subject to the same laws of Thermo-dynamics as everything else in the universe. You can either generate new wealth efficiently through competition and redistribute it according to merit, or you can redistribute existing wealth until it runs out. There is no personal incentive or willingness to compete more efficiently in socialist systems.

3) Regarding cost-shifting: This is a problem with State Capitalism, not Free-Enterprise Capitalism. If you are in a Free-Enterprise system, you simply dump your employer, go work elsewhere, or start your own company and compete with said former employer.

4) Actually, companies that recycle and are conservative in their finances avoid waste of any sort and recycle everything they can. Otherwise they'll be killed by their competition.

5) I'll give you points on this one. If the Yugo was the only car available today by government edict, it would still be sold. And you'd drive one. And it wouldn't have to change style, features, or safety engineering.

6) Have you checked out government propaganda lately?

7) Have you checked out bureaucracy lately?

There are many more things I could say, but the simple fact is that socialism does not create incentives for individuals to introduce new wealth into an economic system. It merely takes from those who have produced, and gives it to people who no longer have a need to produce. And the ruling class skims off the cream & lives well.
Answered By: Boomer Wisdom - 3/16/2011
You actually want some one to refute these statements, not repudiate them.

Sixteen year old children who throw labels like "capitalists" around while enjoying the fruits of the system seem a touch hypocritical to me.

At any rate....

1. Product duplication is in a word, competition. Many competitors making the same product vying for a larger piece of the market share.

2. You claim that in any other economic system there is no excess of labor. That simply isn't true. When you make a valid point I'll refute it.

3. In true capitalism, this doesn't happen. If an employer fails, the company fails. There is no taxpayer bailout. More efficient companies grow to fill the void and absorb the displaced workforce.

4. Methane gas does not cause global warming. Your homeschool education is failing you. I have a news flash for you. Waste and over run occurs in every economy. A cursory review of history will prove that.

5. I won't refute it, it's good business, not an inefficiency.

6. Your claim doesn't make sense. Desires are not false. That is like saying dreams aren't true.

7. True capitalism doesn't encourage wasteful or useless jobs. They are inefficient and not good for business. Again, look to communism or socialism for corrupt systems that breed uselessness. Again, a brief study of history will prove that.

If someone doesn't agree with you, they are not always intellectually bankrupt. You have sunk to the level of your critics by resorting to insults.
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
Capitalists have used that system to make them wealthy beyond their dreams. Now they call the shots. They pay lobbyists to rewrite laws exclusively for them and they can afford to pay off most politicians.
If Capitalism is so great, then why do Capitalist use Socialism for themselves and leave Capitalism for us?
Final point. Most don't know there are very few Capitalists globally, everyone else would like to be a Capitalist and support any ones attempt to do so, which is a pipe dream to most.
Those at the top didn't get there by accident, and will fight and even kill at any attempt to dethrone them.
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.

#2) In our system the worker gets rewarded for honest hard work, so he strives to deliver his best for the consumer.

#3) Most successful businesses start small with just the owner and maybe one or two employees and they learn and grow into a bigger company. This keeps risks fairly low for the company and it`s employees.

#4) I have not witnessed any pouring of bleach on foods to keep the homeless out and I surely do not fall for the global warming hoax.

#5)If that is true, then why would you complain about companies doing what they can to keep employees down and now you say they commit acts that would require more employee hours.

#6) So your theory is people would be happier working in a do your little job 6 days a week for the same pay, with no chance of promotion or advancement socialist society. I think not.

#7)Again you contradict yourself, earlier big business you argue that they lay people off for higher profits and now you would have us believe that too many useless people are hired to get the job done.


I do agree with you on some bits of your arguments, but that is because unions have companies over the socialist barrel with all the entitlements that have been promised over the decades. But that is a strike against socialism not against free market capitalism.
Answered By: clean truck - 3/16/2011
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If you want to blow your chances with recruiters -- and, by extension, with the companies they work for -- here are six perfect ways to do so.

Resumes & Cover Letters

Rev Up Your Resume to Relocate
Hoping to relocate? Get the ball rolling on landing the right job in the right location with these expert resume and cover letter tips.

Interviewing

100 Potential Interview Questions
Interview questions can run the gamut. You probably won't face all 100 of these, but you should still be prepared to answer at least some of them.

Salary & Benefits

10 Questions to Ask When Negotiating Salary
Most of us aren't natural negotiators, but asking these 10 questions during salary negotiations can help you get everything you deserve.

Employee Sourcing

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