Mu wrote...
One reason why i never really liked capitalism was because no one has an equal footing at the start, were u end up depends on were u started, so if your family was poor you'll most stay poor and if your family is rich you'll most likely stay rich. a good e.g. of this would be African Americans in the states. of course things have slowly gotten better with time, but you can't deny the fact that there are more poor black families then there are white families.(FYI this effect was caused by slavery)
This will probably brand me as a racist but, A lot of black people stay poor because they feel as if they don't have to work for it because of slavery, that and social conditions. A young black male can choose between illegal activities such as selling drugs, gang activity,etc or they can choose to take the harder route and get an education and earn an honest living. Not to say all of them do this but, a majority of my black co-workers and other agree that many have this mentality of entitlement.
In reality the only people who can help the "poor" are themselves. It is a harsh reality that you can't give something to someone for free and expect them to change. Just like the old saying "Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime."
WhiteLion wrote...
While extremely large amounts of regulation are bad, total laissez-faire capitalism had a number of problems that simply were not acceptable. Horizontal integration, company towns, child labor. These factors combined to basically allow corporations to indenture their workers indefinitely, force parents to make their children work to pay for artificially heightened prices, and so on..
One can argue against wealth redistribution certainly, but there need to be certain things that simply aren't allowed in a capitalist market. Namely, contracts need to involve an exchange of services, goods, or money for other services, goods, or money and not be contingent upon not being part of a certain organization(so long as the organization is legal), shopping at a certain store, living in a certain building, forcing you children to also work, and so forth.
I agree 100%. My Utopian dream is a Laissez-faire system but, I don't trust humans enough to allow that system to be put into place. I think people are too stupid and it would lead to some very very bad things. To give you a better idea of what I disapprove of. Remember the old policies of Ford Motor company? In order to work for them, you couldn't drink, smoke, gamble, you had to attend church on Sundays, you can only own ford vehicles (which is still enforced today). They would actually have management come to you home and search to make sure you were staying within the "rules". I disagree with those kinds of policies since I believe once you are not on company time, whatever you do is none of their business. I remember a story a while back that a delivery driver for a grocery store similar to food lion or whatever was fired because his employer found out he cross dressed.