| numonex said: Sink or swim that is how a Pure Capitalist country should operate. No assistance from government, lower taxes for all tax payers. No regulation, no Unions and definitely no workers rights. Professionals are paid too much here and that drives up inflation. |
1. Government has to provide or regulate public goods, as they led to market failures when provided by the free market (if they can be provided at all).
PLEASE READ (short definitions):
http://www.economist.com/research/economics/alphabetic.cfm?term=marketfailure#marketfailure
http://www.economist.com/research/economics/alphabetic.cfm?letter=P#publicgoods
2. As above, government has to regulate public goods due to market inefficiencies. America, like many other countries, use to not have worker rights, but it produces a very volatile political and economic climate in democracies. With laws protecting workers from needless harm and exploitation, unions are no longer needed and are going to the wayside. Nothing would make unions more relevant than eliminationg worker rights.
3. Amusing, a pro capitalist rant ends with the most qualified people being paid too much. Professionals get paid high wages because thats what the market deems their price to be. There is no engineer, lawyer, or doctors union making improving working conditions (though a doctors union to bring weekly working hours below 80 would be great), they get paid what they are worth.
