In response to:

Is Capitalism Killing Our Morals and Economy?

Lita4 Wrote: Apr 28, 2013 12:39 PM
In order for capitalism to work the smart owners know that a well paid work force allowed to take pride in their work results in superior products and services which leads to expanded market share. Those like Ford understood that his workers were his customers. They needed to be paid enough to cover the basics and have a little left over from that paycheck every week to buy some discretionary items. Crony capitalists and progressives believe the working class is there to support the privileged class that runs the company, therefore you pay them as little as you can get away with in order to reward themselves. The ideal situation for them is to export labor to 3rd world countries giving those in management a bigger share of the pie.
Daddio7 Wrote: Apr 30, 2013 3:14 PM
If you look at corporate profits and the stock market you will see that the ideal situation is working perfectly, for them.
johnm h Wrote: Apr 28, 2013 4:33 PM
This is an old false narrative ford put out as it was driving hundreds of higher cost producers out the market. They sold more cars because they lowered costs below the small fabricators that had begun the auto business. They could pay better because they used more capital.. That was good, but does anyone really believe that only auto workers bought those cars? Demand for workers and human capital are also driven by supply and demand. The notion that wages fall or rise because of good guys or legislation is nonsense. Crony capitalism is a product of government intervention. Markets work. Government doesn't and should be used only when there is no other choice and should always be as close to voters as is feasible.

In one of the most hopelessly incorrect collections of drivel that I have ever seen, Paul Farrell of MarketWatch writes Capitalism is killing our morals, our future.

Yes, capitalism is working ... for the Forbes 1,000 Global Billionaires whose ranks swelled from 322 in 2000 to 1,426 recently. Billionaires control the vast majority of the world’s wealth, while the income of American workers stagnated.

Over the years we’ve explored the reasons capitalism blindly continues on its self-destructive path. Recently we found someone who brilliantly explains why free-market capitalism is destined to destroy the world,...