Davos: How to Fix Capitalism

Its always dangerous to discuss Capitalism around SiriuslyWrong.
Be careful cause you might just be called a Marxist.

http://www.huffingtonpost.com/2012/0...n_1234145.html
Sign In an interview with Reuters' Chrystia Freeland, Arianna Huffington and Business Insider's Henry Blodget discuss taxes, paying employees a living wage, and the importance of returning capitalism to its moral foundations.

"If there is a moral foundation, it means that people will pay their fair share of taxes," says Arianna. "It's not about increasing taxes, it's about paying taxes."

Capitalism is not broke, it just needs tweaking, says Blodget. He predicts a pendulum shift in capitalism, leading to less emphasis on corporate profit margins, and more value on employees. "(Companies) are paying more of their employees below the poverty rate," he says. "Why not give them a raise?"

Arianna says she worries about the political shift required to change the current system, but voiced optimism for the future. "So many more millions have a voice now," she says. "There is a counter-veiling force that is coalescing around real transformation, not just a rhetorical one."

Watch the full video above.

Quote:

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Originally Posted by Havakasha

Its always dangerous to discuss Capitalism around SiriuslyWrong.
Be careful cause you might just be called a Marxist.

http://www.huffingtonpost.com/2012/0...n_1234145.html
Sign In an interview with Reuters' Chrystia Freeland, Arianna Huffington and Business Insider's Henry Blodget discuss taxes, paying employees a living wage, and the importance of returning capitalism to its moral foundations.

"If there is a moral foundation, it means that people will pay their fair share of taxes," says Arianna. "It's not about increasing taxes, it's about paying taxes."

Capitalism is not broke, it just needs tweaking, says Blodget. He predicts a pendulum shift in capitalism, leading to less emphasis on corporate profit margins, and more value on employees. "(Companies) are paying more of their employees below the poverty rate," he says. "Why not give them a raise?"

Arianna says she worries about the political shift required to change the current system, but voiced optimism for the future. "So many more millions have a voice now," she says. "There is a counter-veiling force that is coalescing around real transformation, not just a rhetorical one."

Watch the full video above.

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"Why not give them raise?"

Do they deserve a raise? Have they earned a raise?

What she is talking about is not Capitalism. What she wants is state run Capitalism which is also called crony capitalism.

http://en.wikipedia.org/wiki/Crony_capitalism

No, nowhere can you intuit that she wants state run capitalism. Your hearing is bad. Listen to blodgett about how certain people escape paying the taxes they really should
Crony captialism is quite dominant right now. I know you think our economic and political system are perfect and do not need to reformed, but can i let you in on a secret. They aint.

Quote:

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Originally Posted by Havakasha

Crony captialism is what s going on right now. I know you think our economic and political system are perfect, but can i let you on a secret. It aint.

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Precisely. Finally we agree.

Ok. Good. Glad we agree that our economic and political systems are deficient.

Blodgett great on taxes on capital investment. Listen to him on this subject
by clicking on the link.

And he calls out the nonsense of the people who shout "socialism" at every turn.
I wish i could get Siriuslywrong in the room with him and watch him get spanked.

He would probably call Blodgett a Marxist as well.

A response to Blodgett's points would be nice.

"Capitalism is not broke, it just needs tweaking, says Blodget. He predicts a pendulum shift in capitalism, leading to less emphasis on corporate profit margins, and more value on employees. "(Companies) are paying more of their employees below the poverty rate," he says. "Why not give them a raise?""

Do they deserve a raise?

It probably doesn't matter as your preference is for the federal government to mandate a raise, and that would yet again, be one small step toward socialism.

Denmark - something to aspire to LMFAO.

In an interview with Reuters' Chrystia Freeland, Arianna Huffington and Business Insider's Henry Blodget discuss taxes, paying employees a living wage, and the importance of returning capitalism to its moral foundations.

"If there is a moral foundation, it means that people will pay their fair share of taxes," says Arianna. "It's not about increasing taxes, it's about paying taxes."

Capitalism is not broke, it just needs tweaking, says Blodget. He predicts a pendulum shift in capitalism, leading to less emphasis on corporate profit margins, and more value on employees. "(Companies) are paying more of their employees below the poverty rate," he says. "Why not give them a raise?"

Arianna says she worries about the political shift required to change the current system, but voiced optimism for the future. "So many more millions have a voice now," she says. "There is a counter-veiling force that is coalescing around real transformation, not just a rhetorical one."

Watch the full video here.

http://www.huffingtonpost.com/2012/0...n_1234145.html

"Why not give them a raise?"

Did they deserve the raise? Did they earn the raise?

Capitalism isnt perfect. Doesnt mean one is a Marxist just because one wants Capitalism to work better.