Evils of Capitalism

[Mike C]

The Evils of Capitalism

Capitalism is just as evil as some religions. These are 'self serving' individuals that are responsible for the following:

They pollute the air and waters to create health problems.

They are destructive to the Natural environments and forests

They corrupt governments with their use of influence dollars.

They lower the workers to the status of ‘robots’ and as a commodity.

They have no manners or morals because they will use child factories, slave labor and do business with dictators or communists.

They are 'tax rebels' and evaders of taxes whenever they can.

Even though they have huge unneeded surplus incomes, they will resort to dishonest bookkeeping, insider trading, manipulate stock prices if they can through various schemes, use company funds for personal use and any other such illegal tactics.

They believe in maximizing profits to use those dollars to buy out the competitors, create mergers, downsizing the labor force to burden the rest of the workers and buy up the news outlets to censor any critics of their tactics. All these schemes cut jobs.

They are unconstitutional (US) because they are ‘self serving’ and only represent themselves. The kings, emperors, dictators, religious leaders and various criminals plus all other individuals that do exactly the same things of serving themselves belong in the same category. They are the predators amongst humanity.
Exceptions would be the small farmers and business people.

An example of their greed is the 'new world order' that they have bribed pur US governments to serve their needs. This organization can now demand unrestricted access to any member nations markets without restrictions or be taken to the 'world court' and fined for these marketing restrictions.

Of course there are exceptions to the above. There are some good honest capitalists that treat the workers with the respect that they deserve. But these individuals are rare in our society.

Only the workers create the REAL TANGIBLE WEALTH (RTW) that all persons buy and make use of like the houses, automobiles, clothing, food and any other such needs.
They also create the capitalist goodies like skyscrapers, mansions, buildings for business and their personal serving staffs.
The workers also build the government sponsored bridges, roads, hydroelectric dams, and staff the police departments, fire departments, water and sewage maintenance and any other such services.

Since the workers create all this RTW, they deserve better and the higher wages would be good for the economy because then these workers can buy the goods they create and this increased MASS PURCHASING POWER (MPP) would only create more demand and jobs.

My opinion is that the gross receipts should be apportioned equally between the blue collar workers and the white collar workers. The white collar workers would still get higher wages because they are less in numbers.
This equal distribution of gross receipts would increase the MPP of the nation to promote a thriving economy.
Unions that represent the workers are compatible with the US Constitutions mandate for representation of its citizens while on the other hand, capitalism is not a representative of the citizens.

What I write above is NOT communism but an endorsement of a constitutional government.

Mike C

[freeztar]

There is nothing unconstitutional about capitalism.
Capitalism is merely one of many economic idealisms.

Now if you would change "capitalism" to "corporations", then most of your arguments would have validity imho.

[orbsycli]

The corporations!

[Mike C]

Originally Posted by freeztar

There is nothing unconstitutional about capitalism.
Capitalism is merely one of many economic idealisms.

Now if you would change "capitalism" to "corporations", then most of your arguments would have validity imho.

I'll agree that 'corporations' may be more specific but how would you define the 'new world order' that has been establiched with the help of the Reagan/Bush (US) era and the Papal church as its partner that Reagan has embraced in violation of our US Constitutional mandate for 'Separation of Church and State'?

Mike C

[Michaelangelica]

You may be interested in listening to this debate from my old alma mater

Sunday 09 September 2007

Listen Now - 09092007 | Download Audio - 09092007
On Capitalism and the Soul

Is capitalism moral, immoral, or just plain amoral? Some societies have tried to do away with it. But more often than not it's all ended badly. Capitalism works. Its capacity to adapt and grow has enabled millions to live with material comfort hitherto only dreamt of.


Is Capitalism Moral? The full unedited inaugural Macquarie University Vice-Chancellor's debate on Capitalism and the Soul. Download MP3 [1'18" - 36MB] Find out more...

The audio will only be online for 2 weeks

Big Ideas

[Mike C]

Originally Posted by Michaelangelica

You may be interested in listening to this debate from my old alma mater


The audio will only be online for 2 weeks

Big Ideas

Capitalism works? All brains do is just dream up ideas on how to exploit nature and humanity. Brains DO NOT create any REAL TANGIBLE WEALTH.

Only Nature does that and it takes a PAIR OF HANDS to harvest this wealth.

So the capitalists should learn to SHARE the WEALTH that the workers produce.
Workers are NOT just a commodity to be used like robots.

Mike C

.

[Michaelangelica]

Tax haven secrecy tests staff loyalty and ethics

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Andrew Main, Business editor | July 26, 2008

THE Lowy family's dramatic involvement in the US senate inquiry into tax havens is the clearest proof yet that no matter how carefully people do their tax planning they are exposed to the one factor no one can ever fully eliminate, human behaviour.

Their case came to light because of theft, basically, brought on by the morally challenging world inhabited by the people who work in tax havens.

That's the problem with using offshore tax havens: the desire for secrecy is the tax avoider's first step down a slippery slope of vulnerability because the strategy all depends on the iron discretion of the employees of the bank involved.

Call it theft, call it the whistleblower's desire to highlight conduct that troubles the employee's conscience, but note it is a growing trend among the best-laid tax schemes.

Human nature says that eventually bank employees may rebel if they keep seeing other people doing something they consider unethical or illegal, and if that happens, the plan will end up being paraded for all the ghouls to see.

The Lowy family's current burst in the limelight with the US Senate and Internal Revenue Service over what looks like a series of Liechtenstein bank accounts has some loud echoes back to the problems encountered by Rene Rivkin, Trevor Kennedy and Graham Richardson in Switzerland starting in 2002.

The Lowys' problems started in earnest last year, not that they knew it, when Liechtenstein bank IT specialist Heinrich Kieber started offering details of his employer LGT Bank's biggest depositors to the German tax authorities.

Why did he do it? According to testimony that he gave to the senate subcommittee, it was his sense of outrage at what he called "questionable practices" by bank clients.

Tax haven secrecy tests staff loyalty and ethics | The Australian

New deal offered on tax haven cash
Revenue to cut penalties for offshore savings
Hand Grabbing Sterling notes
Elizabeth Colman

Investors who have stashed money in tax havens in Europe and the Channel Islands are to be asked to give themselves up to HM Revenue & Customs in exchange for reduced penalties, The Sunday Times can reveal.

The move is designed to flush out those with secret savings in offshore bank accounts ahead of legal moves by the Revenue to force 117 foreign and UK institutions to disclose customers’ details.

It raised £400m last year after taxpayers with money in offshore accounts operated by five high-street banks — Barclays, HBOS, Lloyds TSB, HSBC and Royal Bank of Scotland — were offered leniency in return for voluntary disclosure.
Most account holders with those banks who took up the offer paid 10% of outstanding tax, rather than 100%.
The new “amnesty” will apply to all offshore account holders.

The latest move follows the discovery of details of 300 British citizens who have bank accounts at LGT, a bank in the principality of Liechtenstein, that were previously unknown to UK tax authorities. A former employee of LGT disclosed the information to the Revenue and was paid a “reward” of about €100,000 (£79,000).

New deal offered on tax haven cash

I wonder what will happen to the British Pound when the 2 trillion $s in offshore pounds move to a safer tax haven?
Shall we finally get the British Euro?

How would you go offering the tax man 10% of what you owe?

[nutronjon]

Bill Moyers Journal and a PBS show following that one NOW, are really hitting those involved with corruption. Abramoff's activites are associated with tax shelters, and the next show about corruption involving Alaska's oil, is also related to avoiding taxes.

The stories of sweat shops tied to corruption are difficult to hear. Basically some women have been held like prisoners on a island, to work in a sweat shop, for 16 years.

New Developments -- Abramoff, DeLay and the Northern Mariana IslandsMay 6, 2005 ... It is equally disturbing to read the justifications: the Marianas sweatshops, and their protectors in past CNMI governments, ‘got what they ...
New Developments -- Abramoff, DeLay and the Northern Mariana Islands - 13k - Cached - Similar pages - Note this

[bonsaikc]

Originally Posted by Mike C

Since the workers create all this RTW, they deserve better and the higher wages would be good for the economy because then these workers can buy the goods they create and this increased MASS PURCHASING POWER (MPP) would only create more demand and jobs.

Labor is worth what it is worth. By this I mean that the more highly skilled, the more highly paid a person is. Labor unions have arisen as a way to demand higher wages, which in turn has driven up the costs of everything in our society. I have no problem with workers banding together to negotiate a wage, but as found in the U.S., labor unions have been rife with corruption and a force for inflation of the cost of everything.

Originally Posted by Mike C

My opinion is that the gross receipts should be apportioned equally between the blue collar workers and the white collar workers. The white collar workers would still get higher wages because they are less in numbers.
This equal distribution of gross receipts would increase the MPP of the nation to promote a thriving economy.
Unions that represent the workers are compatible with the US Constitutions mandate for representation of its citizens while on the other hand, capitalism is not a representative of the citizens.

What I write above is NOT communism but an endorsement of a constitutional government.

Mike C

Just because you say what you write is not communism does not make it so. It could be communism or it could be socialism or it could be fascism. It all depends on who actually owns the means of production, doesn't it?

Once again you have made some incredible leap to the idea that capitalism is unconstitutional. I challenge you to prove it.

[jackson33]

bonsaike; Since you have spent so much time on this and I think Mike has left this forum, I'll give you a briefing on where I think he developed his opinions. Although I DO agree with you...

Mike is 90 yo (91 Dec.). Although set in his ways, he is knowledgeable to the period he lived in, both in Science and Politics. You can take his comments and many of FDR's, mix them and not be able to re-separate. He would have been around 12-20 during the great depression, forming viewpoints, as most do, and probably comes from a strong Democrat philosophy or Big Government to solve problems, over that of an economic structure which was not very well liked, during the 30's. He is also from the Detroit area, where that business structure has failed again. I won't admit this to him, but its easy to understand how he developed his view over 90 years, when similar views are currently be expressed by folks in their teens to 20's, though for very different reasons.