Post #1 Contradictions of Capitalism.

To a certain extent I agree with Marks. There is a large disparity between the wealthy and the poor, there is a substantial amount of labor spent by employees and the minimum wage doesn’t seem to increase. I believe it’s important for the government to set forth some regulations for business owners and employees. This removes any form of abuse and advantage from either sides. I read a quote and it said, “I bought clothes that I couldn’t afford to get a job that will pay for a car that I pay monthly, and to pay for a house that I barely live in.” This is the reality for many employees that are trying to survive in this economy. The government also spends the majority of the money on military. Right now this isn’t the issue, we have a bigger problems than the military. We have many homeless people in the streets, many schools are struggling to keep open and can barely afford to keep extra curricular activities such as music, art, etc. They need to re-evaluate where the money should be spent. Or at least, we should have a say on it since its our tax money.

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2 responses to “Post #1 Contradictions of Capitalism.

  1. I totally agree with you but the things is that, the government have the least influence in the free-market system–wherein the distribution and costs of goods and services, wage rates, interest rates are coordinated by supply and demand. Overtime, the free-market system has become unregulated. Which now causes the gov’t to have little influence especially on big private business owners.

  2. Good work, C, tying together a number of key issues, such as regulation, government spending, voting, and *debt*. The quote points to how these days, just getting a job often requires going into debt (to pay for the clothes you need to be presentable enough to get a job and for the car you need to get to work).

    The point about regulation is critical. The fact is that even after *deregulation* (which the comment above from Angel alludes to) there are till plenty of regulations on the books. The problem is that they aren’t *enforced* And this relates to Marx’s critique: he argues that in a capitalist system, laws and regs will always work to the benefit of the capitalist ruling class.

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