Corporate Profits Were the Highest on Record Last Quarter

[omegapoint]

Quote from phenomena:

Yep, notice how the vast majority of technological advancement has occurred under capitalism. All the thousands of years of tribalism, feudalism, communism didn't produce jack shit compared to the exponential leaps we have made since capitalism. Now these societal Luddites want to throw that aside and make all progress grind to a halt.

Hey, fire and the wheel we're too shabby in their day. I think they all lived in caves ...together then too.

 

[Petsamo]

Quote from CaptainObvious:

those in the ranks must be paid a living wage

Who defines "living wage"? You?

A man's compensation should be influenced by supply & demand. Companies do not need to pay someone $20/hour to assemble a battery.

 

[omegapoint]

Quote from CaptainObvious:

No Mr. Corportate Facist, not redistribution of wealth. It's fair distribution of profits which makes capitalism work like it's supposed to. Business owners deserve a larger share, but those in the ranks must be paid a living wage, or the system breaks down, just as we're seeing.
Any company who has it's primary source of growing the bottom line through wage reduction and downsizing is a company that's failing to grow. That policy is now the norm across all sectors in Corporate America. Long term, that is a recipe for disaster.

Thats the point where any sign of patriotism goes global.

 

[Ricter]

The recent burst of innovation and growth is a product of the exploitation of oil and gas. But before we go (further) off the rails here, it is important to recognize that there really is more than one type of capitalism (and communism for that matter).

 

[CaptainObvious]

Quote from Petsamo:

Who defines "living wage"? You?

A man's compensation should be influenced by supply & demand. Companies do not need to pay someone $20/hour to assemble a battery.

Living wage is determined by the cost of living along with what standard of living a government expects it's population to be relatively satisfied with. So if it cost 30K for a god damn chevy, then 20 bucks an hour must be paid to the battery assembler, or they won't be selling many cars. The 300K crowd ain't buying chevy's, let alone the 7&8 figure crowd. Who makes up the larger segment of the population? Those are the people who will determine growth and demand, not the uber wealthy.
Fordism, named after Henry Ford, refers to various social theories about production and related socio-economic phenomena. The essential meaning is that the worker must be paid higher wages in order to afford the products that the industrialist himself produces, causing an economy that runs full-circle. Yes, Marx was a fan of this idea as well, but he, like so many others, failed to consider the basic human element called greed, and the tyrannical nature of those at the top of any food chain. Until that is addressed, any and all "isms" will ultimately fail.

 

[phenomena]

Not really, the "exploitation" of oil and gas doesn't correlate with technological growth. The "exploitation" of microchip technologies and computer science does though. Most of that is powered by the "exploitation" of electricity though.

Good thing that humans "exploited" other natural resources, like agriculture... I guess we shouldn't use those natural resources either because that's also "exploitation".

Quote from Ricter:

The recent burst of innovation and growth is a product of the exploitation of oil and gas. But before we go (further) off the rails here, it is important to recognize that there really is more than one type of capitalism (and communism for that matter).

 

[phenomena]

And here you have it from the horses mouth... fire, wheel, and caves are fine and dandy by commie standards, so long as we have "equality"...

Quote from omegapoint:

Hey, fire and the wheel we're too shabby in their day. I think they all lived in caves ...together then too.