Message Font: Serif | Sans-Serif
 
No. of Recommendations: 7
Let us clarify something about these "risk takers." In most capitalistic society, except in their very beginnings, the capitalists do not take the risks to any significant degree. The profits are privatized, but the risks are socialised....The investors in banks that grow so large as to be too big to fail, get the profits, and when they cause an economic collapse, the government (that's us) puts up $16 trillion to bail them out. Their management, instead of going to prison for fraud, are handsomely rewarded for their misdeeds again at the common taxpayer's expense. The capitalists get the profits, the taxpayers bear the risks.


So true. So disgusting. It's criminal.

But that's because of the corruption of the government, caused (in part) by huge businesses (and, in part, simply because of the corruption of power). It's not because of capitalism, per se.

And you are wrong to say that "most" businesses are in this camp of reaping the profits, but not the risks. Most businesses are small businesses, in which the founders have an enormous stake (time and money), and they bear the cost if/when the business fails.


I suspect that for most people, the world was a better place prior to 500 years ago. A few are much much better off, and a lot are much worse off. I cannot be sure on balance, but I suspect that on balance we are worse off. I recognize that you and I are in the minority: those that are way better off because of the sacrifices made by the native Americans, the black slaves, and so on. They did not benefit at all.


First of all, there had been slaves and wars well before capitalism.

Second of all, do you think that life was better without modern medicine and communications and transportation? If so, then I think you are simply way out of the mainstream of modern thought, and there can be no debating with you on this subject...although you have the right to your opinion.
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement