in a socialist economy, factory workers would have a voice in the actions of their company as a whole, like in a democracy.
in a capitalist economy, owners who may not even live in the same state as the factory would make decisions affecting the livelihoods of all of the employees while only considering the bottom line.
i realize this is simplistic but if you disagree with the basic premise can you tell me why?
Considering that a large number of jobs have been outsourced from America (capitalist) to China (socialist/communist), I think the answer is clear.
January 2nd, 2010 at 3:14 am
The great spirits of the 21st century will proclaim that capitalism is indeed organized crime and that we are all the victims
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January 2nd, 2010 at 3:33 am
Considering that a large number of jobs have been outsourced from America (capitalist) to China (socialist/communist), I think the answer is clear.
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January 2nd, 2010 at 4:06 am
In a socialist economy, people pretend to work and the government pretends to pay them. In other words, there are no jobs.
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January 2nd, 2010 at 4:14 am
In a socialist economy, there are eventually no workers, because if you’re going to give one guy, who may be a slacker, as much as the guy next to him who works, eventually the workers become slackers too. Why should they work if the slackers get the same amount?
The next thing you know, the Berlin Wall comes down, the USSR gets split up and goes to a capitalist system because there is nobody left to pay into the socialist system, and guess what? Nobody knows how to work now and everything falls apart for sure.
That’s the direction the U.S. is headed in very rapidly, and I hope we can at least hold it off until I’m dead.
EDIT: I love sitting back and watching people thumb down unchangeable history.
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January 2nd, 2010 at 5:02 am
no disagreement. outsourcing is done for the benefit of shareholders and funds extravagant CEO salaries
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January 2nd, 2010 at 5:27 am
I disagree with the premise. People have this idealized view of a socialist factory where the manager cares what the factory worker has to say. It just isn’t so. In fact that factory worker will have worse conditions than in a capitalist society. But he is assured of his job. And his other job and his other job because if Russia (under USSR) is any indicator, he can’t feed his family on just the one job. In a capitalistic society, America today, he is protected by any number of regulations concerning work conditions and pay, but he can’t count on keeping his job if the owner can find cheaper labor elsewhere.
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January 2nd, 2010 at 5:32 am
Globalism is the end result of capitalism.
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January 2nd, 2010 at 6:11 am
this is the reason that big business interests contribute money to politicians who will gladly screech about capitalism being on par with godliness and socialism being satanic
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January 2nd, 2010 at 6:25 am
profit for the few, or well being of the community!
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January 2nd, 2010 at 7:10 am
I would say they are about equally likely to be outsourced?
Well, we were a capitalistic society when the businesses all decide to scr*w the U.S. in favor of putting more dollars into their own pockets and outsourced work.
Even Indiana’s gov Metch Dimuals was bragging about how Indiana’s great tax culture allowed businesses to cut and run from other states and relocate in Indiana? So outsourcing doesn’t even have to be out of the country, it can be to another state that gives huge tax incentives to companies that are willing to dump their current employees and relocate. Maybe that is where all the money went from the toll road Metch sold to an overseas conglomerate? Supposedly it has been lost?
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January 2nd, 2010 at 7:16 am
Capitalists have loyalty only to money.
Not to their employees, their country, their environment, or humanity.
If they can’t pollute in America, they will go where they can.
If they are forced to pay a living wage, they will go to where they can exploit the workers.
If they are forced to pay taxes, they will go to where they merely pay bribes.
Capitalists exist only for the benefit of themselves.
Greed id their God.
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January 2nd, 2010 at 7:46 am
yes, jobs can be outsourced in a capitalist economy and would be less likely to be outsourced in a socialist or communist country where the government controls the industries. The downside to that is that those socialist economies generally try to block off imports though, so you’re stuck with the crappy products and services that your government produces rather than having the variety and low prices that would be available with capitalism.
Example, imagine if the U.S. government took over the TV industry. You’d end up with one kind of TV being available and it would likely be overpriced vs. today where you have the option of hundreds of different kinds of TVs and they are relatively inexpensive because there is lots of competition.
Global competition is actually a good things and helps raise everyone’s standard of living.
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Economics, 3rd Edition from the Teaching Company – taught by Professor Timothy Taylor of Macalester College.
January 2nd, 2010 at 8:01 am
Depends.
In a capitalist economy, "the Capitalists will sell us the rope with which we will hang them"
—Lenin. Which means that capitalists will outsource if they can get a profit from it.
In a failed socialist economy, there won’t be any real jobs, so all work will have to, in a sense, be ‘outsourced’ to other countries, since they can’t produce enough.
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January 2nd, 2010 at 8:23 am
yeah this is too easy.
we are in a capitalist country. we outsource thousands of jobs. fact.
all capitalism is, is greed for those on top. does not help me, or any other working man in any way.
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January 2nd, 2010 at 8:34 am
Socialist countries provide "jobs" not employment. Everyone has a job even if it is digging holes just so someone else can refill them. Socialism does not concern itself with efficiency, productivity or improvement. The result? Socialism becomes nothing more than an efficient system of rationing existing wealth until there is none left.
Capitalism, on the other hand, provides employment. People work for their own self-interest. Companies exist to make a profit. This leads to ever increasing efficiency, productivity, lower prices, increased standards of living, higher wages, better working conditions and benefits for which employees compete and better employees for which businesses compete. The result? Capitalism is a wealth generator.
This is not theory, but fact. Look at the Soviet Union and what conditions were like and how it collapsed after using up its wealth. Look at Red China. For the first 50 or so years of its existence it could not increase its living standards nor even keep its people fed. In the last 10 years, since allowing Capitalist reforms, their standard of living is soaring along with their wealth.
In Detroit, the car manufacturers had Unions. The workers had plenty of voice in the actions of their companies as a whole, very democratic, indeed. How did that work out? Meanwhile, Toyota has factories in America that are non-union. How are they doing?
*
References :
http://www.youtube.com/watch?v=1hhJ_49leBw
http://www.post-gazette.com/pg/06144/692719-185.stm
January 2nd, 2010 at 9:24 am
In a good economy, employers actually send surveys to other area employers to find out their rate of pay so they can entice new employees to come to their establishment and to set a standard for their particular area for wages. In a bad economy, employees may have to settle for what the employer is able to pay. Why do so many people assume the employers are not concerned with their employees? Every place I have worked knows that if you under pay your workers, the expense of the turnover is worse than paying a bit more to retain those they have invested in for training, etc.
You are never likely to get rich working for someone else unless you are in upper management. Most people are not interested in the effort and risk that must be put forth to go into business for themselves. Co-ops exist in this country where major companies are owned by the employees. It is in that context that employees really understand the business model and the effects of the current economic conditions in which they must operate.
I worked at GE years ago. All the competitors belonged to the same union but took turns going on strike when the contract became due. GE was on strike for 90 days. The length of the strike was already predetermined. Westinghouse got all our government contracts and the plant where I worked never regained their former business while I worked there. The gain for this strike was a 25 cents per hour cost of living raise for 3 years. That never made up for the loss of income over those 3 months for the people on strike. It didn’t even cover union dues.
The only reason people think socialism is good is because they have no confidence in themselves and their ability to meet the problems they may face in their lives. They simply can’t function when things go bad. They want the government to be their mommy forever while half their wages go to mommy. I loved my mommy but she loved me enough to want me to be independent. The government doesn’t love you. They just want your money.
Outsourcing is due to unions.
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January 2nd, 2010 at 9:34 am
A capitalist society since a socialist one is usually too economically poor to allow it. But in that sense, America is not a true capitalism: government is supposed to regulate international trade. Government is not doing its job, however, and is allowing capitalism to run amok. That’s a fact that liberals don’t take into consideration. Otherwise, there is nothing wrong with capitalism.
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January 2nd, 2010 at 9:39 am
I disagree, more so because socialist economies tend to lack room for innovation, from fear of job loss. There for a socialist economy will be inferior to a free market economy that allows room for essential innovation. Progress of job creation will be halted and slowed due to the socialist society trying to save an industry. There for that society will become that much poorer trying to save an obsolete industry all to prevent what naturally occurs in humanity, that being technological advancements.
For example lets take a look at the horse and buggy industry, and the automobile. Say the ceo’s of the horse and buggy industry went to congress to ask for a bail out exclaiming how X amount of people would loose their jobs and would and be out of work all because of the new automobile industry. To save the horse and buggy industry they have to pass a law putting unnecessary taxes on the automobile, all to slow it’s progress, just to save the horse and buggy industry. This argument is for the good of the economy. Now the direct action would be the people of the horse and buggy industry would have their jobs for a while longer, and the automobile would loose at the expense of the horse and buggy industry. Now if congress didn’t bail out the horse and buggy industry, people would loose their jobs in the horse and buggy industry, but the essential need for workers in the automobile industry will be sufficient enough to compensate with employment those who became unemployed due to the extinction of the horse and buggy industry. More employment will result due to innovation of this industry. History of the last century will show you just this. Just compare the sales that have been lost due to the computer industry, retail sales in stores have been lost due to online ordering, mail has not been delivered due to email, plane tickets have not been bought due to online conferences, Newspapers have not been bought due to online media. Now imagine if the computer industry was halted due to bail out these industries and save those jobs. Imagine the loss in innovation,jobs, and services that we would not know today just to save a few jobs only making us that much poorer.
Conclusion~ The socialist economy outsources it’s jobs due to high taxes, it’s obligation to save an industry for the sake of jobs, and lack of room for innovation. The Free market on the other hand welcomes innovation, competition, and allows obsolete industries to falter, thus providing employment in new industries.
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To completly understand this you have to understand what capitalism is. The U.S. dosn’t have a capitalist economy, but when it did it experienced the biggest economic boom, the biggest technological boom, and the lowest levels of poverty that since then it has never been matched.
http://mises.org/