- Capitalism and Alternatives -

The market doesnt fail to provide for the poor.

Posted by: The Capitalist Pig ( Freedom, USA ) on June 30, 1999 at 00:17:25:

In Reply to: Buh? posted by Red Deathy on June 29, 1999 at 15:05:38:

: : Commrade Red (how appropriate) I see your socialist drivel hasnt changed a bit.

: Its Deathy, Red's just an Adjective.

Sorry Comrade Deathy

: : I just wanted to make one correction, although many are needed, that free markets do not fail, people do.

: No, actually, free Markets are inherently crisis bound, and cannot match the actual needs of people, only the effective demand, if people are poor, their needs cannot be met, therefore teh market fails to provide for them.

The market doesnt fail to provide for the poor. it doesnt provide for anyone
People have to provide for themselves. the market only efficiently allocates resources. If you produce $20.00 worth of goods or services you are paid that amount so that you can purchase $20.00 worth of goods or services that you wish to consume. The market is fair in this sense however it may not square with our sense of social justice. This why there are progressive taxes and other forms of wealth redistribution. Politicians have decided they will correct the so called social inequalities of the market by extracting income from those that have produced it and giving it to those who have not. This causes most of the crises in the market not the market itself.
Deathy I understand where you are coming from with your concern for the poor but I think you'll agree the poor are better off in a strong economy rather than a weak one. When resources are misallocated through gov't programs they are used inefficently thereby acting as a drag on the economy as a whole.

: :Usually those who have failed blame the system instead of themselves. It easier to blame a faceless system for ones personal lack of success.

: Yes, I'm sure three month old babies must sit around saying 'its that damned system means I don't get proper treatment'.

Don't start using children to peddle your socialist dogma. Use ideas not propaganda. Having children is a choice. Lay the blame where it belongs.
And I'm sure it must be the fault of 20 million people in euorpe are unemployed.

Its an interesting coincindence that the countries with the most generous unemployment benefits have the highest rate of unemployment.
The stronger the saftey net the more it becomes a bed. Why have BMW and Mercedes opened factories in the U.S. ? Productivity.
Your welfare state has destroyed you economy not the market. your blaming the wrong thing.

As for falling wages in the U.S. when you consider healthcare benefits and other non wage compensation wages have not declined unless of course you factor in the highest taxes as a percentage of GDP in history. Again you are blaming the wrong thing.

P.S. what does Buh mean?

Follow Ups:

The Debating Room Post a Followup