Kathryn
It was on fire when I laid down on it.
I hope it's sarcasm but ya never know around here.i... ya, i know its sarcasm, like the marxist gen z moron who is hired to hold a sign board and thinks he founded the company.
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I hope it's sarcasm but ya never know around here.i... ya, i know its sarcasm, like the marxist gen z moron who is hired to hold a sign board and thinks he founded the company.
Money means power.Since, all governments always have and always will be controlled by whoever has the most resources, thru a variety of methods- a powerful state will never benefit the weak. The only chance the weak have is to minimize the size and power of government, and then the rich have money, but not power.
Still assuming the scenario where the no-brand machine is build from cheap and unsafe materials, the 500 bucks machine is the better choice as it will last a lot longer and will work better. Many / most consumers are quite comfortable paying a premium if it means the product will last much longer - since that's cheaper in the long run (no need to replace it quickly).If you can get a brand machine for the same price as a no-name, you go for the brand every time, so it's a bad comparison.
Contemplate a 500 bucks brand machine that costs 250 bucks to make (which you don't know) and a no-name machine for 400 bucks (that cost 100 bucks to make, which you don't know).
How many people will go for the 400 bucks machine? And when the company goes belly up, no problem. The investors have made their quick buck (and more than they would have made by investing in the brand company). It's only important to know when to jump ship.
The whole purpose of a constitutional democracy, is to protect the weak and minorities.Since, all governments always have and always will be controlled by whoever has the most resources, thru a variety of methods- a powerful state will never benefit the weak. The only chance the weak have is to minimize the size and power of government, and then the rich have money, but not power.
Do you know how many ****ty products there are on the market? Have you ever heard the term "planned obsolescence"? Have you followed the news about corporations refusing to declare the contents of their products (especially GMOs)?Still assuming the scenario where the no-brand machine is build from cheap and unsafe materials, the 500 bucks machine is the better choice as it will last a lot longer and will work better. Many / most consumers are quite comfortable paying a premium if it means the product will last much longer - since that's cheaper in the long run (no need to replace it quickly).
That's not to say there is no market segment for cheaper, lower-quality machines. There is.
But that's not what @Estro Felino was referring to.
If you use cheaper materials and have the sale price reflect that (lower quality machine = cheaper then higher quality machine), then there is no "profit maximalization" to speak of like she insinuated, since margins remain the same.
What @Estro Felino was referring to, was more in the area of scamming people. Charging a premium while building non-premium products.
Most investors, furthermore, aren't looking to make a "quick buck" and hoping to pull out before it blows up in their face. Most investors look for sustainable businesses able to make them money for a long time.
Imagine doing a pitch to an investor and telling him "we're going to build inferior products and trick people into buying them. The company will go broke in 2 years when people realize how ****ty the product is, but we'll have made some money by then"
Do you think an investor will think that is a good idea and give you a couple million?
I believe you. However, I've noticed a common tendency among a lot of people (not just business owners) that they believe that they do more work or that their job is harder or more valuable to a given enterprise. Or that they're just smarter, better, faster than others.
Not in an era of a global economy where countries are interconnected with each other on an economic basis. There's a cause-and-effect relationship in which much of the capitalist world is gripped by poverty, exploitation, and despair, while a few lucky countries (such as ours) hoard most of the wealth.
I understand what you're saying, but I just don't think it's right to point out that just because it's another country, it doesn't count.
It's still within the global capitalist economy, so it has to be included in any thorough and honest analysis of capitalism.
All too often, I see people looking solely at the U.S. or Western Europe and proclaim "Capitalism is wonderful," while blatantly ignoring the original source of most of their wealth to begin with or the vast majority of countries where people aren't living quite so well.
And in your case, if you treat your employees well and don't exploit them, then that's a credit to you as an individual human being, not a credit to "capitalism" in general.
I would also wonder why we, the West, don't do anything about these atrocious situations in countries like Congo.
On a nearly daily basis, we hear about how horrible it is in places like Iran, North Korea, etc. and justify sanctions against those countries, yet conspicuously silent about countries like Congo. No sanctions on them, since Western capitalists make money from it.
Or even Saudi Arabia, which also has a horrible human rights record, but as long as capitalists make money, then they're A-OK. Then there's China, where we've heard a lot of hate towards lately, yet Western capitalists can't put their money where their mouth is and extricate themselves their economic relationships with China. Why don't we cut off all trade with any and all countries not considered "free" by Western standards?
As for your example of the "toilet lady" at the truck stop, it's interesting to note that, in recent years, businesses have had more difficulty in filling some of these menial, low-wage positions - even to the point of having to shut down operations due to a lack of staff (such as what has happened to a number of restaurants). The irony about it is that most capitalists don't seem to understand why. They just chalk it up to "nobody wants to work" without giving much serious examination to the issue. It's similar to arguments from business owners whose livelihood has depended upon employing undocumented immigrants and having them work under the table.
Yes, but just because you are personally moral and decent, that doesn't negate the overall arguments and perceptions about capitalism in general. A small business owner in a Western country is hardly in the same league as the top corporate and banking leaders (along with the owners of those sweatshops), yet they're all operating within the same global capitalist economic system where one part affects the other.
I've heard this argument before, so I'm familiar with this particular angle you're presenting here. And there is truth to what you say, at least in terms of how much prices would rise if manufacturing of things like shoes, clothing, and electronics were brought back to Western countries.
However, there was once a time when most of these things were made in the U.S. In 1945 (for obvious reasons), half of the world's manufactured goods were made in the USA. However, wages and living standards also increased in the years that followed, and America experienced a great economic boom which lasted until the early 1970s - even before there was really much outsourcing or talk about "global economy" or free trade. We even still had tariffs and duties on imports, and yet, America was still doing great. Life was good, and it seemed to be getting even better (not just economically, but also in terms of civil rights and social justice). If not for our government's incessant warmongering, things could have been even still better.
In any case, I don't see how there was any pressing need or urgency to push for outsourcing. Reagan and his ilk claimed to want to "fix" the American economy when it wasn't even broken.
Unfortunately, the Powers That Be in America threw caution to the four winds and embarked on this program which encouraged companies to close up their US-based operations and relocate overseas where the labor was (and still is) significantly cheaper. This has led us to the current situation as it stands today, where companies like Nike make a fortune on exploited sweatshop labor, as you describe above. The situation you describe isn't something that just happened out of the blue. It was due to choices made by our government - choices they didn't need to make and choices they should not have made. But it was all touted as something that would be good for our economy.
Now, from what you're saying here, we can't seem to go back.
Are we in a situation analogous to the South on the eve of the Civil War? That was their argument when faced with the prospect of actually having to end slavery and pay plantation workers fair wages. It would have been too expensive and it would have negatively impacted upon their economic well-being.
Of course, they might have also argued that there was more to it than capitalist greed. There was also a lot of talk about "preserving a way of life." That's another big thing that the US government claims to want to do.
Yes, I'm aware of many of these rags to riches stories where individuals or companies might start out very small and then build up a huge financial empire. They're very compelling and inspiring to a lot of people. One also hears such stories about athletes, too. Musicians, actors, and others who started out from humble beginnings and made it big. I remember hearing that Madonna first showed up in NYC with only $50 in her pocket and turned into an international superstar. It's these kinds of stories which make people believe that America is truly the land of opportunity and that all it takes is hard work (and a bit of luck and pluck) to build one's fortune. All one has to do is "want it," and it will happen.
But to your point, I agree that this is not an easy problem to solve. But it is something that will have to be solved, one way or another. There are indications that parts of the world aren't too happy with the current situation where they're facing dire consequences because Western consumers want cheaper iPhones. At this point, I think most Americans might be willing to forego cheaper iPhones if they can get cheaper housing, cheaper food, cheaper gas, and universal healthcare - among other things which are more necessary than iPhones or Nike shoes.
I think it's very delusional to think this is common practice.Do you know how many ****ty products there are on the market? Have you ever heard the term "planned obsolescence"? Have you followed the news about corporations refusing to declare the contents of their products (especially GMOs)?
It's all about cutting corners and getting away with it.
Sure. But as another user said, it's not just about the hard work. It's also about what the work entails. It's also about smart work.
I can break my back doing hard work of smashing up stone. I can also use a machine and not break my back.
I can also hire people to do it for me and spend my time networking to get contracts to smash other people's stones.
I think that's simply a misrepresentation. It's not so much that we "hoard" the wealth. It's rather that our countries have many laws in place which regulate working conditions, minimum wage, etc. It's also about the general market of labor, which goes hand in hand with the economic situation of a country.
A given paycheck of, say 1000 euro's a month, will make you the richest man in the village in some african country while it will make you near-homeless in a western democracy. There are many many different factors at play here.
I didn't say it doesn't count. I said it's not comparable.
See, again... you are generalizing. Using "cheap" labor in other countries is not "exploiting people". You don't seem to realize that that word "cheap" is contextual as compared to wages in OUR economies. We consider 1000 bucks a month to be ridiculous. In fact it's even illegal as it's below minimum wage. But it's not over there. Over there, 1000 bucks a month is a LOT. It's perhaps the equivalent of 10k over here.
Because we can't. As I already told you, if you do that, you'll see the "price of life" in our countries go up by a factor of 3.
Next to that, you'll have many empty shelves in stores.
You talk as if "cutting off all trade" is some kind of trivial thing to do. You don't seem to realize what the consequences would be for prices in general, and the economy at large, if we would do so.
So what do you suggest the solution to be then?
Pay the toilet lady the same wage as someone with a masters degree in engineering?
Hold on a minute there. I said that it's just not part of my business. The profiles I require in my company are highly trained software engineers.
Suppose we (you and I) are partners in some kind of manufacturing.
We need a factory and 1000 factory workers to produce the required volume.
We have 2 choices...
A 50 million dollar facility in a western country, where the minimum wage cost of a worker comes down to 75k a year.
Or
A 5 million dollar facility in China, where the minimum wage cost of a worker comes down to 30k a year.
Each of the options produces the same volume and quality products.
It just so happens that everything, including labor, is cheaper there.
Why wouldn't you put your manufacturing in China?
I certainly would.
Another thing that happened since then, is the rise of worker rights and social reform.
That kind of living works for a while and then it crashes. It is not sustainable in the long run.
You are also talking about a time before micro-chips etc. We no longer live in such a world.
I don't think that's a good comparison. Reason being that freeing slaves and paying them wages means they become citizens who can also spend that money and thus they would turn into consumers also, which would offset it.
This is not the case with dropping cheap labor in other countries. They do not turn into extra consumers who can inject capital into the economy.
In fact, I would even say that it would only negatively impact those people in the countries they are in, because there's no companies left to give them other jobs. Meaning that they are now at the mercy of their authoritarian governments and domestic companies, which will likely treat them a lot worse then western companies.
I think the eventual solution will be a combination of things:
1. a mentality change among western citizens. "consumerism" has to end.
2. social revolution in the countries where sweatshops / exploitation as still far too common
3. a slow and steady trend of economic improvement in "cheap labor" countries.
Ironically, for point 3 what they likely need is to transform into democracies that value a free market. Aka, capitalism.
The beauty of capitalism is that I have the ability toDo you know how many ****ty products there are on the market? Have you ever heard the term "planned obsolescence"? Have you followed the news about corporations refusing to declare the contents of their products (especially GMOs)?
It's all about cutting corners and getting away with it.
The rich ARE the state. In all cases, in all times and places you will find the money controlling the power by one method or another. This is the case for limited govt. And the reason socialism fails every time. USA has the biggest govt in world history and the gap between richest and poorest has corresponded with govt growth. Solution: move govt! Good luck with that. Which European country(ies) would be a good model for US to follow?Money means power.
European countries are not plutocracies.
The rich will be reprimanded by the State if they oppress the weak.
USA is a plutocracy, yes.
That's the evidence you live in a plutocracy.The rich ARE the state.
Not always.In all cases, in all times and places you will find the money controlling the power by one method or another.
This is because, deep inside, you want it to fail.This is the case for limited govt. And the reason socialism fails every time.
The government freed the slaves in the 19th century....for the record.USA has the biggest govt in world history and the gap between richest and poorest has corresponded with govt growth.
The ones with the best education, best healthcare and with the best trade unions.Which European country(ies) would be a good model for US to follow?
On paper yes. In the real world, the state is always, in every example in history, controlled by money powers.No, the State is all citizens.
Including the public servants who work for the citizens.
So public property means that I own that public thing too.
Kind of. There are honest people who get into politics to make a difference, but they are soon corrupted, or removed if they wont be corrupted.Not always.
There are also honest politicians who won't be bribed.
I wasnt even around most of the times it was tried. I don't believe in the common good yes. you good, me bad. Thats the real problem.This is because, deep inside, you want it to fail.
Because you don't believe enough in the common good.
Actually the people sort of rose up and did it. Lincoln quote 3/4/61 "I have no purpose, directly or in-directly, to interfere with the institution of slavery in the States where it exists. I believe I have no lawful right to do so, and I have no inclination to do so,"The government freed the slaves in the 19th century....for the record.
And those are?The ones with the best education, best healthcare and with the best trade unions.
Slaves were never considered 3/5ths of a human the USAAnd, it was actually too much govt, which made slavery possible. Left to their own devices, slaves could have owned firearms. Just like that, slavery gone. Instead laws were passed preventing them from owning guns, and reducing them to 3/5 of a human.
I do believe in the common good.I wasnt even around most of the times it was tried. I don't believe in the common good yes. you good, me bad. Thats the real problem.
3/5 Compromise. but either way thats a side note to what we're talking aboutSlaves were never considered 3/5ths of a human the USA
Yes they were, for census tally purposes: Three-fifths Compromise - WikipediaSlaves were never considered 3/5ths of a human the USA
i was quoting you not saying i dontI do believe in the common good.
In the economic circuit.
That is, if all citizens are fine, I am fine too.
For representative purposes, they were COUNTED as 3/5ths of a person, but they were never considered 3/5 of a human being. Recognize the difference.Yes they were, for census tally purposes: Three-fifths Compromise - Wikipedia
It kinda contradicts what he was talking about, because it would have been better had slaves not been counted at all.3/5 Compromise. but either way thats a side note to what we're talking about