The 200 years of economic history that Mackey presents, in which he links the decline in poverty to the rise in "free enterprise", fails to mention the role that trade unions played. In the UK (where I live) wage increases, safer working conditions, paid holidays and shorter working hours were won through union action and strikes rather than handed down by benevolent business. This rather inconvenient side to the story makes things a little bit more complicated than Mackey's version assumes.
Simply,the more prosperous people we have,the more philanthropists we have. The more government we have,the more corporate monopolies and poor we have.
Donald Trump wisely said, just like Mr. Mackey, a primary reason "Unemployment Numbers" are low is because many people have dropped out of the workforce (prematurely) and don't want to work. I am one of those people -- therefore "Low Unemployment Numbers" are objectively misleading .... I've been living off my savings for roughly 3 years 😳
A true Libertarian CEO would lead the way for economic freedom for example, if the government or state gives my business a tax break because I'm "creating jobs" then as a Libertarian I would demand that all businesses including "mom and pop" businesses should get the same tax breaks because they are creating jobs as well... In other words a Libertarian CEO and company would be leading the way for all businesses to thrive.
I wish people would stop using the term "crony capitalism," which is a contradiction in terms. Just call it cronyism and keep it separate from capitalism.
I don't like the expression "Crony Capitalism" as it says that there is a bad kind of capitalism. A capitalist society doesn't include redistribution of wealth, corporate welfare and never ending wars. In a free society, you own 100% of your labor, not 50%. Please hate on socialism and not capitalism as we don't have such a thing in reality.
Big business is held in such low esteem because today in america it is corporatism. Government and big business working together which is not free market. I think that is what people are not happy about but many may not know how to point it out as such.
Corporations are groups of people related by a particular sort of contract. The idea of a corporation as a "person" is only a legal fiction meant to simplify equity and liability arrangements. This whole "corporations aren't people" mantra seems like a made up controversy to me; that is, there's no one on the other side of that argument. Of course a corporation isn't a person!
I don't like the term "capitalism" because it's not even very descriptive. "Free markets" is better and doesn't have such negative connotations in people's minds.
The 200 years of economic history that Mackey presents, in which he links the decline in poverty to the rise in "free enterprise", fails to mention the role that trade unions played. In the UK (where I live) wage increases, safer working conditions, paid holidays and shorter working hours were won through union action and strikes rather than handed down by benevolent business. This rather inconvenient side to the story makes things a little bit more complicated than Mackey's version assumes.
Simply,the more prosperous people we have,the more philanthropists we have.
The more government we have,the more corporate monopolies and poor we have.
That sure is a pretty simple way of looking at things.
Donald Trump wisely said, just like Mr. Mackey, a primary reason "Unemployment Numbers" are low is because many people have dropped out of the workforce (prematurely) and don't want to work. I am one of those people -- therefore "Low Unemployment Numbers" are objectively misleading .... I've been living off my savings for roughly 3 years 😳
Another thing is Big Business and Big Labor are in cahoots and both work with the government to serve special interest.
A true Libertarian CEO would lead the way for economic freedom for example, if the government or state gives my business a tax break because I'm "creating jobs" then as a Libertarian I would demand that all businesses including "mom and pop" businesses should get the same tax breaks because they are creating jobs as well... In other words a Libertarian CEO and company would be leading the way for all businesses to thrive.
What does a libertarian say about prison labor, like the kind John Mackey utilized?
"Corporations" are statist constructs. They are just firms that by law have some special privileges, like bailouts, that tax payers pay.
Our living and working standards goes up with wealth, not regulations.
That's true, capitalism does have a bad name, good point.
I wish people would stop using the term "crony capitalism," which is a contradiction in terms. Just call it cronyism and keep it separate from capitalism.
Crony capitalism is a more impactful term for explaining late stage capitalism than any other term. That's why.
5:29 The appropriate amount of government is no government.
Aww, don't blame secularism. Us Seculars are capable of moral action too.
I don't like the expression "Crony Capitalism" as it says that there is a bad kind of capitalism. A capitalist society doesn't include redistribution of wealth, corporate welfare and never ending wars. In a free society, you own 100% of your labor, not 50%. Please hate on socialism and not capitalism as we don't have such a thing in reality.
"Sociopaths you've got to do something about"
Big business is held in such low esteem because today in america it is corporatism. Government and big business working together which is not free market. I think that is what people are not happy about but many may not know how to point it out as such.
Corporations are groups of people related by a particular sort of contract. The idea of a corporation as a "person" is only a legal fiction meant to simplify equity and liability arrangements. This whole "corporations aren't people" mantra seems like a made up controversy to me; that is, there's no one on the other side of that argument. Of course a corporation isn't a person!
I don't like the term "capitalism" because it's not even very descriptive. "Free markets" is better and doesn't have such negative connotations in people's minds.
or maybe they aren't as big of fools as they lead pollsters to believe