Dead Economics

in #change6 years ago

Capitalism rewards those with capital. It takes money to make money. a1drjohnthumb.JPG

Observing an American version of capitalism for all of my life has poisoned my perspective. Those born without capital must try to earn their way. They however are at the mercy of powerful bosses who usually have alternative motivation.

The poor are easily consumed in various levels of slavery like circumstances. An alternative to slavery is a career in sales. Can you expect honesty to flourish in sales or slavery?

A person who attempts to live by the ‘golden rule’ will never succeed in this environment. Capitalism is soon to be rejected. The death of fiat currencies will hasten this change.

What will motivate individuals to produce quality?

Motivation comes from the ‘carrot ‘ or the ‘stick’. Rewards or punishment.

Teach your children well.

E313824F-E42F-4320-B8AF-4C9353535CA0.jpeg

Sort:  

Long time, no see.

Capitalism will fall due to the imbalance of distribution of wealth. It’s crumbling as we speak!

Aloha @doctorjohn!!

....an American version of capitalism

since 1913, it has been communism - they just switched the names, and people fell for it.

This has nothing to do with capitalism.
Communism = centralized means of production.
Central banks = centralized means of producing money.

You control the money supply and the value of money you have communism, just with a mask on.

Congratulations @doctorjohn! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published more than 1600 posts. Your next target is to reach 1700 posts.

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

Support SteemitBoard's project! Vote for its witness and get one more award!

Hi @doctorjohn!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 3.616 which ranks you at #5743 across all Steem accounts.
Your rank has dropped 5 places in the last three days (old rank 5738).

In our last Algorithmic Curation Round, consisting of 184 contributions, your post is ranked at #128.

Evaluation of your UA score:
  • You're on the right track, try to gather more followers.
  • The readers like your work!
  • You have already shown user engagement, try to improve it further.

Feel free to join our @steem-ua Discord server