CEOs make 380x as much as the average worker?

[mrstickball]

Jumpin said:

mrstickball said:

bouzane said:

SamuelRSmith said:

bouzane said:
You will never convince me that Capitalism works, never.

I suppose all those videogames you play were the result of some bureacrat barking orders.

 

What kind of rebutal is that? That's a terrible guage for quality of life. I live in an area that has decaying infrastructure, lousy education and non-existant health care while I can drive a couple blocks and look at all the millionaires' homes. This system is inherintly flawed, like all systems sadly.

Compared to......Where?

You live in Canada. One of the most capitalistic nations in the world. Would you rather live in a very non-capitalist nation like China, North Korea or so on? On average, the Canadian system is one of the best in the world. If you think it is bad where you're at, I highly suggest you visit elsewhere to see what non-capitalism brings you.

I've never been to North Korea, but I think its situation has more to do with the fact that it has military enforced trade sanctions against it, and is generally treated as an enemy by most of the rest of the world. I have, however, been to China multiple times - and it is actually more capitalist than most places here in Europe - it is also very cheap, DVDs (for example) cost less than 1 USD.

You are also taking examples of poor countries, that is like saying "if you like capitalism so much, why not move to a country where Laissez Faire capitalism reigns like Sierra Leone."

Communism has only arrived in poor countries, and the truth is that those countries generally became better off economically under communism. Look at Russia for example, it emerged from the icy diseased dirt as a world super-power. It is only in such countries that communism arises, because it is only in such countries where people become desparate enough to rebel.

Thing is, Lassiez-Faire capitalism doesn't regin in most of these horrific, back-water countries. If you look at virtually every economic index of freedom for countries, none of these supposed paragons of economic freedom (which are dirt poor) are ever ranked.

For example:

Heritage Index:

1. Hong Kong
2. Singapore
3. Australia
4. New Zealand
5. Switzerland
6. Canada
7. Chile
8. Mauritius
9. Ireland
10. US

...#152 Sierra Leone

 

CATO EFW / Frazier Institute:

1. Hong Kong
2. Singapore
3. New Zealand
4. Switzerland
5. Australia
6. Canada
7. Chile
8. United Kingdom
9. Mauritius
10. United States

...#126 - Sierra Leone

I can keep pulling up data, but as you can see - countries viewed as economically free by multiple data points (e.g. rule of law, lack of governmental corruption, cost of doing business, ect) generally correlates to the bigger and more successful economies.