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Philosophy Free market is not good for world economy., So what's good?

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lin00b
post May 12 2010, 11:19 PM

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yeah, the last time we played with communism ended up pretty well.

humans are by nature greedy and selfish. hence why utopia via communism dont really work. and why capitalism is showing the most effect
lin00b
post May 13 2010, 09:58 PM

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QUOTE(Beastboy @ May 13 2010, 09:01 AM)
How about listing down the reasons why you feel the free market system is unsuitable and we'll go on from there.
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lets start with ineffective regulations, ever spiraling complexities, tendencies to create financial aristocrat class, widening of wealth gap, and the numerous scandals that is the result of this system.
lin00b
post May 18 2010, 11:51 PM

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QUOTE(Beastboy @ May 18 2010, 05:43 PM)
If greed is not bad, then why even bother to regulate it?
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same reason why you want to light a fire. controlled fire/greed is beneficial, uncontrolled... sweat.gif
lin00b
post May 22 2010, 04:54 PM

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QUOTE(mylife4nerzhul @ May 22 2010, 04:35 PM)
So you're saying it's morally okay for the super wealthy people to deserve all their money not by contributing towards society by physically working like how it's supposed to be in the first place, but by outsmarting everyone into giving them more money? And getting returns a hundred fold compared to other people who actually physically work day by day in blood and sweat?

And difference between me using a pulley to lift heavy objects and an tradesman who overcharges his product 500% more than it's worth and underpays his workers is that one involves manipulation of machinery, while the other involves manipulation of HUMAN BEINGS.
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i have to disagree, does contribution to society only comes through blood and sweat? how about thinkers, philosopher and researchers?

and society in general seemed to be allowing such practise to happen, cause no one actually forced the workers to work for the bosses. you seemed to be under the impression that top CEOs are nothing more than fat kings living off the toils of their corporate slaves.
lin00b
post May 22 2010, 07:28 PM

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well, i feel that proper leadership is worth much more than grunt work. in any system you ll need proper overseeing and strategy to direct and focus the grunts below them to a cohesive force.

now the issue is, is this exploitation? a general generally stays out of harms way and direct soldiers to risk their lives. in a war, which is more valuable? i dont think you can assign the same value for a soldier vs a general.

correct, if you feel like you are "exploited" and dont like it, you are free to start your own business and "exploit" others. quotation is that i dont feel it is exploitation per se. slaves and serfs are exploited, employer/employee is a symbiotic relationship
lin00b
post May 22 2010, 09:58 PM

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QUOTE(Beastboy @ May 22 2010, 09:44 PM)
I have 2 PCs. One is SUSE, the other Ubuntu. If you have admin access to the forum you can even check to see what OS I'm using if you feel I'm not telling the truth.

Dude, you're making all kinds of generalizations without checking/asking first. Its hard to have a sensible conversation when you don't give the other party the benefit of doubt.
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Mac OS X FTW! ofc, we are OT tongue.gif

in case of that overpriced mamak, you'd wonder why no one else opened a more "reasonable" priced store. My uni was totally different, thre was 1 popular mamak where seniors traditionally bring juniors go, then he started overcharging and under delivering on quality. by the time i grad, no one goes there anymore.

its easy to say "pay their dues" but how do you know they are not already being paid their dues?

 

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