Democratic Socialism Is the Scenic Route to Serfdom

Dec 2012
21,067
8,586
California
You support "capitalism under democracy" but reject "capitalism under autocracy" because under democracy, capitalism is regulated? How does that happen magically? Why did "democracy" in 19th century America somehow result in child labor, monopolies, unsafe working conditions, price fixing and collusion, and general labor and consumer exploitation? Are you arguing that your America was not a "democracy" in the 19th Century???
Just what are you advocating here?
 
Dec 2018
2,424
1,436
Unionville Indiana
Seattle decided to raise the minimum wage to $15 an hour. What has that increase produced? Any service or product that exceeds the price the public is willing to pay will suffer.
Anyone can make unsupported assertions. Got a reputable link?
 
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Dec 2018
2,424
1,436
Unionville Indiana
Cite something without a paywall. (I bet you don't have a subscription either.)

Here's what a Nobel prize winning economist has to say about raising minimum wage:

New CBO report on raising the minimum wage. Most important takeaway is that it says there would be large gains for families below the poverty line and a reduction in the number of people below that line 1/




 
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Nov 2018
5,449
2,894
Rocky Mountains
Just what are you advocating here?
Discussion with Natmorton. He has claimed that conflicting ideas about capitalism-- it needs to be unregulated but to prevent predictable abuses, it needs to be subjected to "the rule of law" that is only possible under a democracy.
 
Feb 2014
3,161
1,399
Oregon
Seattle decided to raise the minimum wage to $15 an hour. What has that increase produced? Any service or product that exceeds the price the public is willing to pay will suffer.
How about doing a budget for someone earning $15 an hours. Figure into that property managers requiring a person's income is great enough that rent is only 1/3 of the income, and tell me where the person will find affordable housing. Let us assume this job does not have medical insurance and now budget for medical care and set aside some money for retirement. How is your budget looking? How about adding 2 children and child care to that budget. Now add in a car insurance and repairs and a cell phone. How does that budget look now?

PS I owned my own business and could not pay minimum wages and everything else, without working for less than minimum wage myself, nor could I charge more for the service and remain competitive. The cost of growth was a challenge as there was a period when the cost of new equipment needed for the growth was greater than the income and if didn't pay for itself by adding customers, things would be worse. I am not a great business person, and I sure know the problems! Getting a business past the growing pains is a miracle and not all businesses can cover the increase in the minimum wage. That is why we need assisted housing and universal medical care and assistance with food, so working people can have decent lives, and the business can keep prices down.
 
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Feb 2014
3,161
1,399
Oregon
Discussion with Natmorton. He has claimed that conflicting ideas about capitalism-- it needs to be unregulated but to prevent predictable abuses, it needs to be subjected to "the rule of law" that is only possible under a democracy.
:lol: Unregulated but subject to rule of law? That is like a beach towel that is wet and sandy but soft and dry. If it is subject to law, it is regulated isn't it? :think:
 
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Feb 2014
3,161
1,399
Oregon
Cite something without a paywall. (I bet you don't have a subscription either.)

Here's what a Nobel prize winning economist has to say about raising minimum wage:

New CBO report on raising the minimum wage. Most important takeaway is that it says there would be large gains for families below the poverty line and a reduction in the number of people below that line 1/





I am not at all sure about that because I owned my own business and I can imagine the increase in minimum wage will increase the number of businesses that fail, and more businesses may go overseas or turn to automation.

When we have to pay more things, we make do with less. The increase in the cost of housing is hitting people very hard and does increase homelessness. Everyone seems to want more from us. I think the way we measure economic growth results in a lie and that we need to rethink everything. For darn sure, if we have more money for housing the price of housing will go up and more people will be homeless because clearly property owners are changing as much as they can and so do the internet services. What happens to individuals doesn't even show up on the charts. We like to believe all those homeless people are drug addicts, not real humans who hold jobs or are disabled or too old to compete for jobs.
 
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Dec 2018
4,584
1,270
New England
I am sorry if I missed a point. Can you copy and paste a point you want me to acknowledge and I will do my best to focus a response to it.
The central points I have been making here are these:
  1. Artificially increasing the cost of labor puts a downward pressure on job creation. While some will surely benefit from a government-imposed "living wage" others will find themselves out of work.

  2. It is not an employer's responsibility to ensure your labor is, or remains, economically worthwhile; it's yours.

  3. Society funds up to 12 years of public education and highly subsidizes community colleges. Libraries, with their thousands of books and their available computers with internet access, are also free.

Thus there is little excuse for those able-bodied and of sound mind to lack marketable job skills. It's primarily a question of effort, and try as we might, there's no subsidy that can instill a work ethic.