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Why Capitalism Fails

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+12 more 
posted on Jul, 13 2010 @ 03:43 PM
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I have never seen a better example...


An economics professor said he had never failed a single student before but had, once, failed an entire class, minus one person. That class had insisted that capitalism worked and that most would be poor and one would be rich, a great way to motivate people. The professor then said ok, we will have an experiment in this class on capitalism.

Since the class only dealt with one subject, the person with the highest score would get an A, the next best score would get a B, the following score would get a C, so on and so forth. After the first test the grades were given out. No matter how hard someone studied there could only be one person with an A, one person with a B, one person with a C, and one person with a D. All other students were given the lowest grades, as some the top students already had an advantage knowing the subject material.

But, as the second test rolled around, the students who received an F on the the previous test knew even if they got an A on this test their average would still be a C; so they studied less than what they had previously. The second test the person who had an A on the first test got a A. Previous test takers who had a B,C,D now got an F. No one was happy, except the guy who got an A. When the 3rd test rolled around the average was an F for everyone except the guy who got an A on the previous test.

The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for the benefit of themselves. All failed, except the guy who got A's, and the professor told them that capitalism would also ultimately fail because when only one person can get the reward, the effort to succeed is hampered; but when government takes all the rewards and gives them to a few; no one else can or will succeed.



It really speaks truth about the fallacy of capitalism. On paper it sounds great, but in reality, when a few control the plight of many, it will inevitably fail.

Source: Why Capitalism Fails.




[edit on 13-7-2010 by ExPostFacto]



+10 more 
posted on Jul, 13 2010 @ 03:51 PM
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Difference here is that in real life u dont get a liberal professor failing you automatically. In real life, if u work hard, u will make money. Simple concept that has made America the power house it is today. The professor was a complete idiot, ad used a biased model of capitalism based on his political views to hammer home a point that some people aren't good enough in his world to succeed.



posted on Jul, 13 2010 @ 03:57 PM
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Well if the goal of education is to enrich a persons knowledge, they all succeeded.

Because each one believed they had a shot at an A, they all worked very hard to be at the top of the class.

Thus, even though the communist professor was trying to make a point, all he did was succeed in educating his class.

The grade is simply a subjective letter assigned by the professor.

The actual goal of educating the students was ultimately accomplished, with the letter grade in the end meaning nothing.


[edit on 13-7-2010 by mnemeth1]



posted on Jul, 13 2010 @ 04:02 PM
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Originally posted by ExPostFacto
I have never seen a better example...

[
It really speaks truth about the fallacy of capitalism. On paper it sounds great, but in reality, unless everyone contributes, it will inevitably fail.

Source: Why Capitalism Fails.




[edit on 13-7-2010 by ExPostFacto]


I think your last sentence was the key. If you don't contribute, you don't deserve anything. Capitalism is for those who contribute. Those who are unable to contribute due to physical or mental defect will be cared for. Those who choose not to contribute, either because they "opt out of the system" or because their choices led them to non-contribution (drug dependence, etc.) are not the responsibility of society. Apparently, they have chosen to starve.


+7 more 
posted on Jul, 13 2010 @ 04:03 PM
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I have never met a capitalist yet who insists that under that system most would be poor and only one would be rich. I have met plenty of Marxists, socialists and communist who make that claim about capitalism, but they aren't insisting that capitalism could work, and this is why they argue that only a few get rich and most are poor under that system. Hmmmm, so this whole class insisted that capitalism works and they defined capitalism as only one rich person and most everyone else as poor? These guys sound like idiots and probably would have failed under any experiment.

[edit on 13-7-2010 by Jean Paul Zodeaux]



posted on Jul, 13 2010 @ 04:07 PM
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The professors rant seems more like a view on socialism, suggesting that if no one can be on top, then no one will try to.



posted on Jul, 13 2010 @ 04:09 PM
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Brilliant!

Capitalism is easy to disprove when dealt with alone. The reason you cannot attack it in America is because it is only one part of the overall "American Dream" and we are told to never give up on our dreams.

Every time I use the example of the Wal-Mart Clan or Bill Gates I get attacked by the pitchfork mob. “Bill Gates is a humanitarian…blah blah blah”. Guess what…if he had not enslaved the world population with device licensing, he would not be a billionaire 40 times over and impoverished nations might not be getting enslaved to produce products and keep cost down (OEM hardware, media distribution, etc). If the nation wasn’t lead to poverty by enslavement there might not be the need to become a humanitarian when you realize what you have done to the world.

Let’s use the pie analogy. A dozen families (we’ll call them the elites) own the whole pie. Bill Gates owns a big chunk of fruit in the pie. So do the wal-mart’s, etc. but at the end of the day the whole pie is owned by a few. This is capitalism.

Anyone with a heart knows that “Making it” while everyone else suffers is not a good rule to live by.

Peace


[edit on 13-7-2010 by zroth]



posted on Jul, 13 2010 @ 04:12 PM
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Capitalism doesn't work over the long term because just about every aspect of success for one person, is at the expense of someone else. Unless of course, you consider having the most ruthless and greedy people running the world a success - then it's very effective.



posted on Jul, 13 2010 @ 04:15 PM
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where is the source?

is this where this came from? link

how about looky at this:
www.snopes.com...

thanks to some comments on a blog and google...



posted on Jul, 13 2010 @ 04:17 PM
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Originally posted by Enf0rc3r
Difference here is that in real life u dont get a liberal professor failing you automatically. In real life, if u work hard, u will make money. Simple concept that has made America the power house it is today. The professor was a complete idiot, ad used a biased model of capitalism based on his political views to hammer home a point that some people aren't good enough in his world to succeed.


Sounds like you are about to graduate high school. There are millions of people in the United States that work hard and still do not have enough to adequately live on. There is a majority of working class who are getting poorer, a small minority who have nothing at all, and an even smaller minority who have more money than any single person could possibly know what to do with. Reality already speaks for itself that is exactly what Capitalism does. What world of fake imaginations do you live on?

[edit on 13-7-2010 by ben91069]



posted on Jul, 13 2010 @ 04:20 PM
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Originally posted by Robert Reynolds
Capitalism doesn't work over the long term because just about every aspect of success for one person, is at the expense of someone else. Unless of course, you consider having the most ruthless and greedy people running the world a success - then it's very effective.


Actually capitalism only succeeds when both people in a transaction benefit.

If one party or the other does not benefit, they will not engage in the transaction.

Socialism only succeeds when guns are used.

Since capitalism does not involve the use of force or violence, people must be enticed through mutual benefit to engage in transactions with each other.

For example, people wouldn't shop at WalMart if it didn't offer low prices.

People wouldn't shop at Nordtroms if they didn't offer high quality because of their high prices.

People wouldn't buy Windows if it wasn't a decent operating system.

etc.. etc.. etc..

Bill Gates doesn't go into anyones home and force them to buy his OS. (Unless its a government contract, but that's not capitalism now is it?)



[edit on 13-7-2010 by mnemeth1]



posted on Jul, 13 2010 @ 04:26 PM
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Sigh.

Knowing that you have the chance to succeed, wouldn't you go for that, rather than sitting around?



posted on Jul, 13 2010 @ 04:30 PM
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OP, your post is not capitalism. that is some sick teacher teaching there students wrong. thats why we have people like you mis understanding the concept of capitalism.

Capitalism rewards all who work hard and work smart. if all those kids worked hard they would have all gotten an A.

you just manipulated the concept of capitalism to fit your own twisted mind on the matter, a twisted mind that has been spoon feed ideas by their liberal public teachers. you need to think for yourself.

This market we are in is not a pure capitalist market. This market is the works of socialism and government intervention.

you want to be like the USSR and there socialist ideas, look were they are now?

you want to be like greece and there socialist ideas, look were they are now?

you want to be like the rest of the EURO belt and there socialist ideas, look were they are now.

They are in upside down in debt to the tune of trillions of dollers. America is falling close behind because of her new socialistic ideas, Ideas that have been implemented since the new deal.

Why and how did America grow so fast, so great, and become the number one super power of the world? Because of it capitalist ideas! These ideas made it to where the poorest of the poor in our country are a lot richer compared to other people in other countries. These ideas our fading and turning to socialism, slowing down our Counters growth and one day we will end up like the USSR


[edit on 13-7-2010 by camaro68ss]

[edit on 13-7-2010 by camaro68ss]



posted on Jul, 13 2010 @ 04:48 PM
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reply to post by camaro68ss
 


this is old copy pasta, and originally about socialism!
www.snopes.com...



posted on Jul, 13 2010 @ 04:53 PM
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Nevermind this post.


I cannot even make sense to myself.

[edit on 13-7-2010 by LostNemesis]



posted on Jul, 13 2010 @ 05:00 PM
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"Contributing" and "succeeding" in a Capitalist society, simply means keeping the one at the top, at the top. Nothing more, nothing less.


+2 more 
posted on Jul, 13 2010 @ 05:06 PM
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Originally posted by Enf0rc3r
In real life, if u work hard, u will make money.


Actually this is a fallacy and a rather naive notion.

If that was the only requirement to make money then the slaves would be rich, no business would fail. What about all the workers now unemployed after years of working for the same company, where did all that wealth from their hard work go?


If it happens sometimes that the worker makes a small savings, it is quickly consumed by the inevitable periods of unemployment which often cruelly interrupt his work, as well as by the unforeseen accidents and illnesses which befall his family. The accidents and illnesses that can overtake him constitute a risk that makes all the risks of the employer nothing in comparison: because for the worker debilitating illness can destroy his productive ability, his labor power. Over all, prolonged illness is the most terrible bankruptcy, a bankruptcy that means for him and his children, hunger and death.


The capitalist system has conditioned the populations to believe life is all about working hard to make your living. It's a scam. Capitalism keeps resources artificially scarce in order to keep making profits, which means you have to work harder then really necessary for someone else in order to secure the resources you need.


"The simple worker who owns nothing more than his hands, has nothing else to sell than his labor. He sells it more or less expensively; but its price whether high or low, does not depend on him alone: it depends on an agreement with whoever will pay for his labor. The employer pays as little as possible; when given the choice between a great number of workers, the employer prefers the one who works cheap. The workers are, then, forced to lower their price in competition each against the other. In all types of labor, it necessarily follows that the salary of the worker is limited to what is necessary for survival." (Reflexions sur la formation et la distribution des richesses)

www.dis.org...

You are not getting paid for working hard, or harder, you get paid what the system decides. If you are a capitalist you make money from others hard work. When the working class start to demand too much in wages their jobs are sent overseas to cheaper markets.

The capitalist system requires a poverty class.


The basic fact is that the poor are an integral part of the working class - its poorest and most disadvantaged stratum. They need to be seen as such, as part of a continuum, the more so as many workers who are not deprived in the official sense live in permanent danger of entering the ranks of the deprived; and that they share...many of the disadvantages which afflict the deprived...Ralph Miliband


Also it is not to the advantage of the capitalist to pay wages that give you power over them. If workers were paid well, and jobs were in abundance, then the worker would have the power to demand better working conditions, more even more pay. The capitalists would have to keep paying more, and improving working conditions, to keep workers from going down the street to another employer. In order for the capitalist to keep earning from the labour of others they have to keep the workers in a state of oppression, and coerced into working for less than their worth.



posted on Jul, 13 2010 @ 05:09 PM
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reply to post by theuhstuf
 


Yes you got me. I just wanted to have fun flipping the issue around. I was interested to see how people would reply based off their responses in the Why Socialism Fails... thread. It appears people enter a topic promoted by socialism and capitalism with their own view of what those mean. They do not look at any logic around the issue, they insert their own opinion of what they would like to see in the world.

I am not a fan of socialism or capitalism. I think both to varying degrees could work together. Why not tax imports and use the money for our social programs? We don't have to tax the people directly. Capitalism in America is not a true form of Capitalism anyway...otherwise there would be a lot more wealthy people.



posted on Jul, 13 2010 @ 05:12 PM
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This example makes no sense.

What happens if no matter how hard you work in class the highest grade you could receive was a "C", and if you did nothing at all your grade you would receive was a "C"???

Would the ones at the top continue to strive to do more? Would the ones at the bottom even do any work at all?

This would be the result of socialism.



[edit on 13-7-2010 by Carseller4]



posted on Jul, 13 2010 @ 05:12 PM
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reply to post by ANOK
 


Resources aren't artificially scarce.

They are scarce.

If they weren't scarce, we wouldn't have to work for a living.

If you want to talk about artificial scarcity, the finger can be pointed solely at government.

Right now, I can't drill, mine, or otherwise extract resources from my own property without buying off dozens of politicians first.

That my friend is artificial scarcity.


[edit on 13-7-2010 by mnemeth1]





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