| Rath said: In extreme capitalism there is no minimum wage, no regulation and no employee rights. Those are all socialist ideals. Basically the rich get to ride roughshod over the poor, for examples of this think industrial revolution, or how western companies act about factories in third world in modern times. The best system in my opinion is a mixed market, allowing effort to translate into wealth while at the same time maintaining a high quality of life for the entire population. Also in my opinion some things are best with the state having either a large stake or even a monopoly. These include education, healthcare, infrastructure, judiciary and government itself. |
Question:
Wasn't the industrial revolution a good thing, Rath? Last I checked, it helped slingshot society to have better standards of living than almost any other period in history. Due to new industries, more people had jobs and more goods were being produced at lower costs, ensuring that people had more.
Also, I think you don't understand living conditions in 3rd world countries and the factories that are there. Have you read any studies about sweatshops and other 'bad' industries in southeast Asia or other locations? Here is a little bit of data for you:
What does the chart show? That in most countries, the average sweatshop worker is earning well above median income in the entire country. In Haiti, a country wracked by poverty, the average hatian sweatshop worker is earning more than double the average income at 40hrs a week. Yeah, sweatshops are horrible :-\
Back from the dead, I'm afraid.
