Has Capitalism Met the Marxist Utopia?

padington

CLAPTON wrote: »

do tell us about the rich donation that you don't know about

That one swings both ways, rich or poor.

Generali

padington wrote: »

I'm sorry but the waste in private company's is outrageous at the best of times ( look at the lifestyle of the rich in LA) the only difference is private company's are usually employed to create financial profits whilst collectivist organisations are usually used to create social profits because self interest isn't very good at creating social capital and shared interest isn't very good at amasing financial profits.

The truth is you very rarely find individuals of a collectivist organisation going out and blowing tens of thousands of pounds on a bottle of wine or private jets or champaign or cocaine. Many people that work in voluntary organisations or organisations like the NHS often live very frugal lives.

This narrative that waste mainly exists in the public sphere is wrong. The banking system is a great example. Why should banks be allowed to hold the country to ransom, far worse than any trade union train driver ever did? Why do we allow the mantra that it's the train drivers taking the p!ss when it's quite clear, there is inefficiency and waste and outright cartel criminality plaguing the private sector ?

The old right wing mantra needs to be updated, people often can't be trusted, that is true and more so when they hold great power or great wealth.

If you make a successful company you did so partly because of the community that raised you. You owe them right from the beginning, not the other way around.

This might mean you are well within your right to ensure the collectivist parts to society function as best they should but it also means that such scrutiny needs also to be applied everywhere, however politically inexpedient that may be to do so.

Allowing unlimited profits for example in market places that don't have adequate competition is a great example of institutionally accepted waste within the private sector.

The private sector themselves may not be wrong if there were no rules disallowing such activity but the people who always concentrate the blaim to be laid elsewhere are.

The big difference of course is that if a private company wastes vast amounts of money I will cease to buy their overpriced products. That is my choice.

However, if I cease to pay my taxes towards a bloated and inefficient bureaucracy then I will go to prison.

padington

Generali wrote: »

The big difference of course is that if a private company wastes vast amounts of money I will cease to buy their overpriced products. That is my choice.

However, if I cease to pay my taxes towards a bloated and inefficient bureaucracy then I will go to prison.

That's just not true, the banks were too large to fail, we had to bail them out, it cost us a fortune. Since 2008 the notion that the private sector operates on their own risk has been blown out of the water.

Environmentally private companies effect people who are not customers. Socially they can waste away the truth. Politically they can corrupt and waste our very democracy.

They can do all of this regardless of whether you are a customer.

Personally I agree totally, there is far too much waste. Anyone earning more than 100 times the lowest paid person in that organisation is paid a wasteful ammount of money. Public or private.

CLAPTON

padington wrote: »

That's just not true, the banks were too large to fail, we had to bail them out, it cost us a fortune. Since 2008 the notion that the private sector operates on their own risk has be blown out of the water.

The private sector may have cost us the union itself.

so every cloud really does has have a silver lining?

although I would prefer to say that the SNP much loved, Scottish banking system, has costs us the union.

padington

CLAPTON wrote: »

so every cloud really does has have a silver lining?

.

Silver lining for London maybe, certainly not Scotland.

CLAPTON

padington wrote: »

Silver lining for London maybe, certainly not Scotland.

bizarre nonsense

but then you will never be happy until the entire economy is run by the state.

padington

CLAPTON wrote: »

bizarre nonsense

but then you will never be happy until the entire economy is run by the state.

Not true. I'm happy to subcontract almost everything out, including the NHS. Allowing open competition for services is obviously a wise move forward.

I'm not traditionally left or right. I would also have every person on the dole working every hour for every minimum wage increment they were 'paid' as well.