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Post by Baron von Lotsov on Apr 19, 2024 16:47:41 GMT
Capitalism is about some guy who has a skill where that skill is needed by others, turning around one day and putting a sign on his door saying open for business. From that point onwards what gets bought and sold is only the concern of the buyer and the seller. That's the essence of capitalism. The capitalist becomes a known face in the community where many folk go and see him to sort life's problems out and always leave with a smile of satisfaction on their face.
The most ignorant / naive understanding of Capitalism I have ever seen. The essence of Capitalism is Profit, how to leverage capital such that it generates the most profit for the least cost; any "understanding of Capitalism" that fails to recognise that is utterly laughable. How about the FACT that Capitalism tends toward Monopolies. That as Monopolies arise the "satisfaction of the customer" becomes less and less important, and indeed eventually is wholly ignored... ...in favour or profit. All The Best The monopoly is the essence of socialism. There is only one firm in town with socialism and that is the government, often gaining power through violent revolution. Do you only ever see one kind of plant in your garden? Capitalism creates diversity. |
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Post by sheepy on Apr 19, 2024 17:27:31 GMT
Capitalism is about some guy who has a skill where that skill is needed by others, turning around one day and putting a sign on his door saying open for business. From that point onwards what gets bought and sold is only the concern of the buyer and the seller. That's the essence of capitalism. The capitalist becomes a known face in the community where many folk go and see him to sort life's problems out and always leave with a smile of satisfaction on their face.
The most ignorant / naive understanding of Capitalism I have ever seen. The essence of Capitalism is Profit, how to leverage capital such that it generates the most profit for the least cost; any "understanding of Capitalism" that fails to recognise that is utterly laughable. How about the FACT that Capitalism tends toward Monopolies. That as Monopolies arise the "satisfaction of the customer" becomes less and less important, and indeed eventually is wholly ignored... ...in favour or profit. All The Best I think that is the perfect version of Americanised Capitalism where the Multinational corporation becomes all powerful, everybody answers to the corporation, which is run purely for-profit margins, I also think the Baron and Pacifico live in a past world where the little guy who was allowed to grow and nurture a business was seen as the base of capitalism, this is long gone, if he or she does drop lucky the wolf of WallStreet soon comes calling. A while back the media were reporting for an example that the US corporations were buying up British defence companies, shortly afterwards they became suddenly very profitable. So on and soforth. |
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Post by ProVeritas on Apr 19, 2024 17:37:22 GMT
The most ignorant / naive understanding of Capitalism I have ever seen. The essence of Capitalism is Profit, how to leverage capital such that it generates the most profit for the least cost; any "understanding of Capitalism" that fails to recognise that is utterly laughable. How about the FACT that Capitalism tends toward Monopolies. That as Monopolies arise the "satisfaction of the customer" becomes less and less important, and indeed eventually is wholly ignored... ...in favour or profit. All The Best The monopoly is the essence of socialism. There is only one firm in town with socialism and that is the government, often gaining power through violent revolution. Do you only ever see one kind of plant in your garden? Capitalism creates diversity.So why does every functioning Capitalist Economy have a Monopolies Commission (or equivalent) to stop Monopolies forming? There'd be no need if there was no impetus within Capitalism for Monopolies. Capitalism is about PROFIT. They very best way to maximise Profit is to be the only game in town; because the customer then has no choice, and there is no need to worry about product quality or any other aspect of Customer Satisfaction, because they don't matter, the Customer HAS to buy from you. Your understanding of Capitalism is, at best, primary school level. All The Best |
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Post by Baron von Lotsov on Apr 19, 2024 17:44:29 GMT
The monopoly is the essence of socialism. There is only one firm in town with socialism and that is the government, often gaining power through violent revolution. Do you only ever see one kind of plant in your garden? Capitalism creates diversity.So why does every functioning Capitalist Economy have a Monopolies Commission (or equivalent) to stop Monopolies forming? There'd be no need if there was no impetus within Capitalism for Monopolies. Capitalism is about PROFIT. They very best way to maximise Profit is to be the only game in town; because the customer then has no choice, and there is no need to worry about product quality or any other aspect of Customer Satisfaction, because they don't matter, the Customer HAS to buy from you. Your understanding of Capitalism is, at best, primary school level. All The Best The essence of capitalism is competition, so anything that does not get decided by a competitive market is not capitalist. In the link above there is nothing stopping another person setting up his own bakery. |
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Post by Red Rackham on Apr 19, 2024 17:47:50 GMT
The monopoly is the essence of socialism. There is only one firm in town with socialism and that is the government, often gaining power through violent revolution. Do you only ever see one kind of plant in your garden? Capitalism creates diversity.So why does every functioning Capitalist Economy have a Monopolies Commission (or equivalent) to stop Monopolies forming? There'd be no need if there was no impetus within Capitalism for Monopolies. Capitalism is about PROFIT. They very best way to maximise Profit is to be the only game in town; because the customer then has no choice, and there is no need to worry about product quality or any other aspect of Customer Satisfaction, because they don't matter, the Customer HAS to buy from you. Your understanding of Capitalism is, at best, primary school level. All The Best Profit is not a dirty word. You criticise capitalism, but socialism was the biggest monopoly, and it failed. |
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Post by ProVeritas on Apr 19, 2024 17:50:26 GMT
So why does every functioning Capitalist Economy have a Monopolies Commission (or equivalent) to stop Monopolies forming? There'd be no need if there was no impetus within Capitalism for Monopolies. Capitalism is about PROFIT. They very best way to maximise Profit is to be the only game in town; because the customer then has no choice, and there is no need to worry about product quality or any other aspect of Customer Satisfaction, because they don't matter, the Customer HAS to buy from you. Your understanding of Capitalism is, at best, primary school level. All The Best Profit is not a dirty word. You criticise capitalism, but socialism was the biggest monopoly, and it failed. Profit is not a dirty word you are correct. That does mean I am blind to the processes or impacts of Capitalism. All The Best |
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Post by ProVeritas on Apr 19, 2024 17:53:32 GMT
So why does every functioning Capitalist Economy have a Monopolies Commission (or equivalent) to stop Monopolies forming? There'd be no need if there was no impetus within Capitalism for Monopolies. Capitalism is about PROFIT. They very best way to maximise Profit is to be the only game in town; because the customer then has no choice, and there is no need to worry about product quality or any other aspect of Customer Satisfaction, because they don't matter, the Customer HAS to buy from you. Your understanding of Capitalism is, at best, primary school level. All The Best , so anything that does not get decided by a competitive market is not capitalist. In the link above there is nothing stopping another person setting up his own bakery. Profit is the essence of capitalism. Competition undermines profit: you have to either pay to improve your product, or cut your margins to make your product cheaper, to prevent customers from using the competition. I lied about the level of your understanding of Capitalism, it is not even primary school level. All The Best |
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Post by ProVeritas on Apr 19, 2024 17:57:45 GMT
Yes I do. Those that deny Capitalism NEEDS Unemployment are the ones that don't understand the mechanisms of Capitalism. I could try and explain it to you, but your response above gives me no faith that you are intellectually equipped to understand said explanation. I'll give you a hint, see if you can work it out: Salaries vs Profit Margins. and yet, the companies that have the largest profit margins pay the highest salaries.. ..funny that..  Oh really: Apple Profits Soar, Workers SufferSomeone else who does not understand the basics of Capitalism. All The Best |
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Post by Pacifico on Apr 19, 2024 21:25:53 GMT
and yet, the companies that have the largest profit margins pay the highest salaries.. ..funny that.. Oh really: Apple Profits Soar, Workers SufferSomeone else who does not understand the basics of Capitalism. All The Best This explains your confusion. Apple do not make phones - they design them and the software they operate on. The manufacture of the phones is subcontracted out to other companies like Foxconn. Apple have much larger profit margins than Foxconn - they also pay much higher wages. Because you do not understand the basics you keep getting it wrong. |
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Post by ProVeritas on Apr 19, 2024 21:59:53 GMT
This explains your confusion. Apple do not make phones - they design them and the software they operate on. The manufacture of the phones is subcontracted out to other companies like Foxconn. Apple have much larger profit margins than Foxconn - they also pay much higher wages. Because you do not understand the basics you keep getting it wrong. Subcontracting manufacturing out to low wage economies is done only so Apple can claim to pay good wages, when actually paying the people who make its products peanuts. Everyone with an IQ in double digits knows that. They can boast about how good their wages are while ignoring the lowest paid 3/4s of the workforce. All The Best |
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Post by jonksy on Apr 20, 2024 7:41:36 GMT
This explains your confusion. Apple do not make phones - they design them and the software they operate on. The manufacture of the phones is subcontracted out to other companies like Foxconn. Apple have much larger profit margins than Foxconn - they also pay much higher wages. Because you do not understand the basics you keep getting it wrong. Subcontracting manufacturing out to low wage economies is done only so Apple can claim to pay good wages, when actually paying the people who make its products peanuts. Everyone with an IQ in double digits knows that. They can boast about how good their wages are while ignoring the lowest paid 3/4s of the workforce. All The Best It's about time too....We have far too many lazy bastards sat on their fat arses all day.......This should have been done long ago. It should never have got to the stage where people can live off benefits and not need to work, it’s unfair on people who do work that they work all week and are no better off. At least make these unemployed people attend some sort of classes or training over a prolonged period of time so that it’s not like a prolonged holiday.
And I get that there are people very anxious about this but this is life, we all face fears and get nervous at interviews and starting at a new job and some of the duties.
Benefits to be axed after a year on the dole to stop it becoming a 'lifestyle choice', Prime Minister announces....
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Post by ProVeritas on Apr 20, 2024 8:01:04 GMT
Subcontracting manufacturing out to low wage economies is done only so Apple can claim to pay good wages, when actually paying the people who make its products peanuts. Everyone with an IQ in double digits knows that. They can boast about how good their wages are while ignoring the lowest paid 3/4s of the workforce. All The Best It's about time too....We have far too many lazy bastards sat on their fat arses all day.......This should have been done long ago. It should never have got to the stage where people can live off benefits and not need to work, it’s unfair on people who do work that they work all week and are no better off. At least make these unemployed people attend some sort of classes or training over a prolonged period of time so that it’s not like a prolonged holiday.
And I get that there are people very anxious about this but this is life, we all face fears and get nervous at interviews and starting at a new job and some of the duties.
Benefits to be axed after a year on the dole to stop it becoming a 'lifestyle choice', Prime Minister announces....
So how does someone who claims to be a patriot justify consigning UK Citizens to the economic scrap heap just to inflate the profit margins of foreign owned companies. You are either clearly not a patriot, or you do not understand what you are talking about - I actually suspect it is both. All The Best |
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Post by jonksy on Apr 20, 2024 8:10:46 GMT
It's about time too....We have far too many lazy bastards sat on their fat arses all day.......This should have been done long ago. It should never have got to the stage where people can live off benefits and not need to work, it’s unfair on people who do work that they work all week and are no better off. At least make these unemployed people attend some sort of classes or training over a prolonged period of time so that it’s not like a prolonged holiday.
And I get that there are people very anxious about this but this is life, we all face fears and get nervous at interviews and starting at a new job and some of the duties.
Benefits to be axed after a year on the dole to stop it becoming a 'lifestyle choice', Prime Minister announces....
So how does someone who claims to be a patriot justify consigning UK Citizens to the economic scrap heap just to inflate the profit margins of foreign owned companies. You are either clearly not a patriot, or you do not understand what you are talking about - I actually suspect it is both. All The Best That is their own choice....There is stacks of work out there they could be doing rather that sat on their arses all day. And a true patriot would put their own people first and not the illegal fucking dross forced up on the UK by the EUSSR.. |
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Post by oracle75 on Apr 20, 2024 9:52:28 GMT
As I understand it, there are backstories to the unemployment problem.
One source is the lack of money the Tories allocate to local authorities, so many services close, laying off those who worked in them.
The other is the inefficiency of the NHS and the very long waits for conditions which affect their ability to work.
Another is the explosion in mental health issues which merit medical sick notes, coupled with the lack of mental health care.
Purely as a guess, I would say the unemployment is largely among less skilled people who tend to live under more stress and in poor envoronments which affect their health.
If the jobs dont require much skill, and are required, why is the government paying billions in hotel bills when the immigrants could fill the positions? Germany dis this and didnt unleash a tsunami of crime.
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Post by Baron von Lotsov on Apr 20, 2024 10:25:19 GMT
The essence of capitalism is competition, so anything that does not get decided by a competitive market is not capitalist. In the link above there is nothing stopping another person setting up his own bakery. Profit is the essence of capitalism. Competition undermines profit: you have to either pay to improve your product, or cut your margins to make your product cheaper, to prevent customers from using the competition. I lied about the level of your understanding of Capitalism, it is not even primary school level. All The Best Profit comes by being a good competitor. You can not force the customer to buy your product in a capitalist society because the customer is king and the capitalist is the customer's servant. You are correct in saying the ways to compete are to cut your costs or improve the quality of the product. We lump these two things together into one measure though which is value for money, and then we have a second parameter which is closeness of fit to customer requirements. The better the fit the better personal value for money the product is. Say I produce a product like a Swiss army knife and it has ten blades (ten functions/features) but the customer only needs three of them, then to that particular customer it is like the same as how much for a knife with three blades.
So this is why monopolies don't form in a capitalist market. Lets say we talk about a town as the entire market for restaurants and Mc Donalds thinks it will buy up every restaurant and turn it into a McDonalds. Some customers would find it as perfect fit to their requirements, but many will prefer something else, so their personal value for money at a Mc Ds is lower than what can be achieved at a place that specialises in the kind of cuisine they are after. Of course Mc Ds could do every type of food one could possibly want, but that is economically inefficient and destroys the economy of scale they are trying to achieve.
There are situations where competition can not function well. For example a product that one can not create any product differentiation with is uncompetitive. This would be say something like electricity or petrol where one supply is just the same as all the rest. Another example is where the market is interconnected, such as owning railway track or an industry so resource intensive that you won't get the number of competitors to create a market, like steel production where the larger the scale the more efficient it is. In China these industries where one can not achieve a competitive market are operated by SOCs (State-owned Enterprises).
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