Only Capitalists Create Jobs

[ThePainefulTruth]

Yes, government has jobs, but they are financed by private sector funds collected by government in the form of taxes. If government errs, it can use force to collect more taxes. Private businesses can't do that.

Care to disagree?

 

[Nietzsche]

"Private businesses can't do that".

No, obviously not. After all, a business has never asked for financial help form a---oh. Wait a minute..

 

[Twilight Hue]

I agree that's completely true in most cases.

However I do see some job "creation" by which not only applies to governments jobs themselves, but by offering work to private businesses through the bidding process which is rather nice since the money payed goes back into private businesses.

Typically though, pretty much any Goverment is parasitic when it comes to actual generation of funds unless a person happens to think printing more money falls into that category.

 

[suncowiam]

Yes, government has jobs, but they are financed by private sector funds collected by government in the form of taxes. If government errs, it can use force to collect more taxes. Private businesses can't do that.

Care to disagree?

Private businesses without regulation can take advantage of various loopholes. For example, hire low wage underaged workers in other parts of the world. They might not need to ensure any safety standards in production or in their products.

Examples are everywhere concerning the corruption, inefficiencies and waste of both government and private sectors.

I think they go hand in hand as a check and balance system.

Not sure what this thread is truly about?

 

[Sunstone]

Jobs are created by economic demand, usually in the form of consumer demand. That is, most jobs are created when consumers increase their demand for a good or service and businesses respond by employing more people in order to produce more goods or provide greater service. Ideally, capitalists facilitate the process by lending or investing the money necessary to hire more people, but capitalists are otherwise only minor job creators.

As for governments, they can redistribute wealth via taxes. And in redistributing wealth, they can create economic demand if they do it right.

 

[metis]

It is a complete fallacy that only the private sector creates jobs. Money is money, and as long as money changes hands, it tends to create jobs. The OP is strictly right-wing clap-trap that defies basic economics.

 

[Wirey]

How many jobs would all these business people be creating without road networks, or electricity, or police to keep me from shooting them and taking their stuff? Go squeeze your copy of the Fountainhead some more. The finger dents are comforting.

 

[Revoltingest]

It is a complete fallacy that only the private sector creates jobs. Money is money, and as long as money changes hands, it tends to create jobs. The OP is strictly right-wing clap-trap that defies basic economics.

This is even worse clap trap. Money changing hands doesn't necessarily reflect economic activity. Vast fortunes change hands every day with the buying & selling of stocks & bonds, but this is only the redistribution of equity & money. It has its role in an economy, but it doesn't create real jobs where actual work is done. Economists like to monitor such things because they're easy to measure, which is why they receive so much attention..

 

[Revoltingest]

How many jobs would all these business people be creating without road networks, or electricity, or police to keep me from shooting them and taking their stuff? Go squeeze your copy of the Fountainhead some more. The finger dents are comforting.

Businesses are the ones building the roads & generating the power. Cops.....I say we should fire half of them in order to cut crime.

Dontcha hate it when people say that so-&-so is the job creator? It's a system, with many parts contributing to the whole. It's like arguing about which link gives a chain its strength.

 

[Wirey]

No, government does that with taxes collected. The construction of an intertwined deliver system complete with a consumer base is heaven for business people, and taxes are just the fee required to set up shop.

 

[Revoltingest]

No, government does that with taxes collected. The construction of an intertwined deliver system complete with a consumer base is heaven for business people, and taxes are just the fee required to set up shop.

Government then pays contractors to do the actual work. Can you imagine a road construction crew manned by the likes of Al Gore, 2 Clintons, an Anthony Wiener, & a Chris Christie? A typical work day would be one long donut break filled with fanny grabbing.

Edit:
Dang! I should'a included Rob Ford!

 

[metis]

This is even worse clap trap. Money changing hands doesn't necessarily reflect economic activity. Vast fortunes change hands every day with the buying & selling of stocks & bonds, but this is only the redistribution of equity & money. It has its role in an economy, but it doesn't create real jobs where actual work is done. Economists like to monitor such things because they're easy to measure, which is why they receive so much attention..

Sorry, but money changing hands by definition is economic activity. Also, you seemingly ignored the word "tend" in my post.

 

[metis]

Government then pays contractors to do the actual work. Can you imagine a road construction crew manned by the likes of Al Gore, 2 Clintons, an Anthony Wiener, & a Chris Christie? A typical work day would be one long donut break filled with fanny grabbing.

You're apparently totally unaware of the fact that there's differences in terms of where the moneys may be spent, and all is not equal. And we saw how well the Pubs handled the economy leading up to what started happening in 2007-8.

 

[Revoltingest]

Sorry, but money changing hands by definition is economic activity. Also, you seemingly ignored the word "tend" in my post.

In fact, I did notice "tend" & its implications.
I worded my response accordingly.

But you're wrong about economic activity.
Experiment:
I give Wirey $100.
(Not wise, but this is only a thought experiment.)
Wirey gives me $100.
There was $200 of economic activity by your measure.
There was none by mine.

 

[metis]

In fact, I did notice "tend" & its implications.
I worded my response accordingly.

But you're wrong about economic activity.
Experiment:
I give Wirey $100.
(Not wise, but this is only a thought experiment.)
Wirey gives me $100.
There was $200 of economic activity by your measure.
There was none by mine.

But you don't write the textbooks on what economics is. The issue of money changing hands is part of the picture of what economics entails, but there are other factors, such as production and consumption.

 

[Revoltingest]

You're apparently totally unaware of the fact that there's differences in terms of where the moneys may be spent, and all is not equal. And we saw how well the Pubs handled the economy leading up to what started happening in 2007-8.

The economy was "handled" by both parties. "You're apparently totally unaware" that even though Duby was prez, governmental effects on the economy have a multi-frequency phase lag, & thus reflect both current & prior administrations...& also Congress, state & local governments over many many years. The 2007-08 crash was the result of the economic crash which began on 9.11.2001. That's when businesses started contracting.

 

[Revoltingest]

But you don't write the textbooks on what economics is.

I don't write books on faith healing either, but I know bunk when I see it.

 

[metis]

I don't write books on faith healing either, but I know bunk when I see it.

Then you really need to take a basic course on economics. BTW, I adjusted my previous post.

 

[metis]

The economy was "handled" by both parties. "You're apparently totally unaware" that even though Duby was prez, governmental effects on the economy have a multi-frequency phase lag, & thus reflect both current & prior administrations...& also Congress, state & local governments over many many years. The 2007-08 crash was the result of the economic crash which began on 9.11.2001. That's when businesses started contracting.

Again, dung against the wall.

Yes, there are always other factors that were involved, and no doubt some of the Dems, especially Clinton, deserve some of the blame. But the fact of the matter that you totally and disingenuously ignore is what came out of Greenspan's mouth, which you won't accept because it simply doesn't fit into your paradigm. Greenspan should be on your side, but he ain't, and for damn good reason.

 

[Revoltingest]

Then you really need to take a basic course on economics. BTW, I adjusted my previous post.

Been there & done that.
But I'll return the favor of advice giving....I recommend that you start & run a successful business.
That is a real lesson on economics.
To argue that economic activity is measured by the flow of money without considering the portion which is mere unproductive transfer is a perspective not made useful by proclaiming that it's a standard way for economists to view things. I suspect too that not all economists buy into such a dysfunctional method of measuring economic activity.