Doctor CamNC4Me wrote:perhaps you should have been more accurate with your sentiment and said - "Man, Free will has failed..."
I think you're confusing will to power versus marketplace realities.
nope, the freedom to choose is an essential characteristic of a marketplace reality.
Doctor CamNC4Me wrote:Capitalism is supposed to benefit everyone, consumers and producers.
Sez who? It seems that capitalism is something distinct from whatever Utopian economic view you are trying to impose upon it. Capitalism provides success and failure, profit and loss, winners and losers....note every "start-up" deserves to endure. Through both the success and failure the "benefit" is realized and cannot be dumbed down in such absolute black/white concepts as "supposed to benefit everyone". That is a narrow and naïve view of an economic system...and that sort of lowest common denominator thinking belongs to the economic system of socialism, not capitalism.
Doctor CamNC4Me wrote:Consumers get quality product through competition and availability. Producers get wealth through providing the best product at reasonable prices. That, I'm sure, we can agree on.
Yes, i agree...but you see how what you are agreeing to means that "benefit everyone" is a rather inappropriate term. Capitalism provides the greater benefit to the greater number of people both individually and collectively.
Doctor CamNC4Me wrote:The problem with capitalism, especially deregulated capitalism, is human greed.
Human greed is just a problem, and it is a problem that exists within and without capitalism. Human greed is also the problem with countless other economic systems. It is not the economic system that creates human greed nor is it the system that destroys human greed. I do not see how more/less regulation can be argued as being a cure for human greed.
Doctor CamNC4Me wrote:Throw enough money at beating your competition (advertisements, smear campaigns, hostile take-overs, non-compete markets, etc.) and monopolies are bound to arise.
true sometimes and not true other times. Your generalities are not convincing. There are many ways to "beat your competition", and as you stated above -
"Consumers get quality product through competition and availability". Now arguably, fairness is competition would seem to bring about the "best" result, but "fair" is rather subjective (a.k.a. not so black/white) and the history of great achievements is rich with examples where fairness had little influence on the benefit drawn from a result.
Doctor CamNC4Me wrote:When companies grow so large that they dominate through sheer overwhelming numbers (think Walmart vs Mom & Pop), they tip the balance of consumer and producer towards the producers.
What an abstract example that seems to be more applicable to a movie script than real life. Consumers brought about the demise of mom/pop not companies - this is the undeniable "marketplace reality" that you have already conceded.
Doctor CamNC4Me wrote: When the giant companies have such leverage over pricing, wages, logistics, location, and product quality, they will inevitably exploit it for further profits.
So? Are you trying to equate some sort of intrinsic consequence to "more profits"?
Doctor CamNC4Me wrote:The purpose of producers is no longer to produce products for success through quality. It is now to provide profits for shareholders. The consumer is no longer part of the equation.
What? The consumer is always a part of the equation, without the consumer you really have no need for a supplier. This is not a chicken/egg dilemma, the want has always preceded the supply.
Doctor CamNC4Me wrote:We live in a mostly-post-scarcity environment. Products are now readily available. In America, at least, it's not difficult to walk down the street and buy a loaf of bread, some meat and cheese, and go home to feed your family. This is a positive end-goal of capitalism.
Nope, there is no "end-goal" of capitalism. That sort of binary thinking is akin to the foolishness of thinking that everyone can be rich or that everyone should be poor - it requires the demise of free will, the slaughter of choice - not just choice as a consumer but as a human being.
Doctor CamNC4Me wrote:"Late stage" capitalism, however, is what is happening on the consumer side of the consumer/producer equation. Producers have their end-game, they are making their profits and all is right in their world.
huh?
Doctor CamNC4Me wrote:Consumers, however, are struggling to be able to buy from producers.
Then how is it possible for your previous statement to be true?
Doctor CamNC4Me wrote: Wages have stagnated for decades.
arguable, but hardly a condemnation of capitalism.
Doctor CamNC4Me wrote: Education is both losing the value it once had AND becoming more expensive to attain.
you mean the highly regulated system of education? Talk about a market where there is a lack of competition and choice.
Nevertheless
It is silly to think about an education system as a "business" - perhaps that is a different topic altogether - but again, irrelevant to the merits or failures of capitalism.
Doctor CamNC4Me wrote:This is causing a problem of a lack of a skilled workforce AND a workforce incapable of readily buying the products they produce for the producers.
again, a myopic view and a connection that you have not established as being the result of "capitalism". There are many other economic systems that have identical circumstances as you describe here.
Doctor CamNC4Me wrote:People are literally living in the streets while corporate executives have multiple yachts.
Again, this occurs in other economic systems as well, so it cannot be attributed to "capitalism". In fact, because capitalism encourages and requires free will, it can be said that some of this "effect" is a result of compeition...and as you have already conceded that competition is a good thing, then you recognize that there are winners and losers inherent in every competition.
Doctor CamNC4Me wrote: Poor people are derided as lazy and moochers while lobbyists are convincing the government capital gains shouldn't be taxed as much. A high school graduate shoveling coal used to be able to buy a house; now, software engineers are sharing apartments.
Many poor people are lazy and moochers - that is how the DNC prefers them to be. And spare me the "good ole days" routine, because ni the "good ole days" women and coloreds knew their place, amiright?
Anyway, your point here is an idea of stagnation which is tantamount to death. The marketplace reality is dynamic, evolutionary, and unable to exist in a state of stagnation/predictability.
Doctor CamNC4Me wrote:It is currently easier to turn $1mil into $10mil on the stock market without ever producing a single product, than it is to create a product that will sell enough to earn you $1mil.
So? who are you to suggest some sort of arbitrary morality for measuring what is good and what is bad when someone makes money? Where are you getting this abstract sense of "fairness"? Is it from that other deadly sin that is good pals with greed - known as "envy" ?
Doctor CamNC4Me wrote:There is nothing left on the consumer/producer equation. When a corporation can sell you completely defective products and services (phones that explode, airlines giving seated passengers concussions, pharmaceutical companies selling highly addictive opioids, oil that comes from sponsors of state terrorism, cars that don't pass emissions tests, Big Box stores that pay their employees so little that they require food stamps and then accept federal assistance from those food stamps) and those corporations don't go out of business, the consumer/producer balance has failed. This is late stage capitalism and this is where we're at right now.
Totally disagree. You a contrary to your own position. Either competition is good or it is not - either success is good or it is not - either failure is good or it is not....your position dances between these affirmations on whims and flights of fancy.
Your position is simple and rather du jour - Corporate bad, hometown mom/pop bad - yet you have no basis for this valuation other than your own personla preferences...personal preferences that we can only assume you chose freely - and chose them from a competitive marketplace....a marketplace of ideas and values that will either form the next product...or will not.....or maybe you would rather control this marketplace? leverage what you deem as profitable and force upon others because the corporation of DocCamNC4Me takes care of its shareholders....
i digress, sorry.
Nevertheless, I understand your position and it is certainly reasonable on many points...but none of these can be attributed as being caused by, intrinsic to, or inherent in capitalism as an economic system. Capitalism is the best possible system for allowing free will and freedom of choice, whether that choice be in color, flavor, or even regulation....it also allows for the free choice of greed at many levels,,,greed is an available option for both the consumer and the producer, and this greed surely influences the marketplace to varying degrees at varying times under varying circumstances.
So, i assert, again, that your issue is not really with capitalism but with free will.