 JJLehto wrote:
Epignosis wrote:
gottagetintogetout wrote:
Dean wrote:
WalterDigsTunes wrote:
JJLehto wrote:
I believe in Social Democracy
I don't feel like explaining but it is capitalism, with some aspects of socialism.
Despite everything I used to want to think, capitalism is the best system....however, it is clearly flawed. Social Democracy is the best of both worlds. Indeed, the Nordic countries score among the top in regards of ease of doing business, economic freedom, GDP per capita, purchasing power and all that jazz, but also are the best in terms of income equality and have great social services.
The best of capitalism and socialism.
tl;dr version
Capitalism, (so number one) but it needs reform, and eventually move to a social democracy
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OMG! I agree with both of you.  |
And I agree with all three of you. I think that well-regulated capitalism or Social Democracy is the answer. Then again, I'm only 14 (nearly 15) years old, so I haven't really experienced any kind of system personally. However, my family has friends that work really hard but still have struggle to support themselves. Whenever I hear about their problems, it makes me see through the myths of free market Capitalism. |
But it is likely through capitalism that your family's friends even have the jobs they do.
We could of course raise minimum wage again and again and again and inadvertently keep driving up the cost of living. I call that a hamster wheel policy. You don't get any place except tired.
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Keep in mind Rob it IS capitalism. I know that evil "S" word scares people but social democracy IS capitalism. And as I said look at the Nordic countries, they are impressive.
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Interesting to note that Nordic countries do not have minimum wage legislation, such enforcement being unnecessary due to the strong cooperation between workers and employers through effective unions, with minimum wages being set by collective bargaining.The lowest paid in those countries earn twice that of their equivalents in the US and have a "decent" standard of living as a result - this is offset by the higher earners earning less, where executive management grades in the USA earn 200 times the national average, in Scandinavia that figure is only 20 times - given that the US National Average is $33,00/year, $660,000/year is still a good salary, it's just not $6,600,000. This does not remove the poverty-trap or eliminate poverty, but it does reduce it considerably.
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