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Does Capitalism promote and encourage Greed?

Yes, Capitalism is bad, because...
No, Capitalism is a great thing, because...
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  • Jester 2010/03/31 01:32:20 (edited)
    No, Capitalism is a great thing, because...
    Jester
    +9
    Not nearly as much as it promotes envy and jealousy from those who are either too stupid or apathetic to achieve themselves.

    I am a firm believer that anybody in America (or the UK), regardless of their background, can rise as high as talent and determination will take them. Generally, they only thing holding people back in a free market is themselves.

    We are lucky to live in a society where the sky is never the limit.

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  • Simmeri... Dark De... 2010/03/31 06:39:08
    Simmering Frog - PHART
    +2
    WIth the exception of the Trabant, each of those are the result of the capitalist system. Communism didn't create those. Were the people who created those products greedy?
  • Dark De... Simmeri... 2010/03/31 07:05:39
    Dark Demonic™ ★ The Original SodaHead Guru ★
    +1
    Maybe not, but how many other technological advancements have been created because of Capitalism? Nuclear weapons weren't the smartest things to create, were they?
  • Simmeri... Dark De... 2010/03/31 07:16:19 (edited)
    Simmering Frog - PHART
    +2
    They prevented war with the Soviet Union, did they not?

    Why do think the equal distribution of wealth will help society? It is exactly the UNequal distribution of wealth that made the United States succeed resulting in a higher standard of living for everybody.
  • Dark De... Simmeri... 2010/03/31 07:43:08
    Dark Demonic™ ★ The Original SodaHead Guru ★
    +1
    So the ends justify the means when it comes to Capitalism?

    For a society to succeed there needs to be a good equilibrium. If a country were a plate and one size rises when the people get richer, the other side must sink lower and lower in order for that to happen. I don't know about you, but I'd rather find a better way for society to exist than by one side only be able to succeed by stepping on the heads of those from the opposite side.

    While one rich and wealthy businessman gets more and more money, by not paying good wages, by not paying good health or dental insurance and by charging too much for whatever they're selling, the people at the bottom, like the workers or the customers are more likely to face hardship and a constant struggle just to make ends meet.
  • Simmeri... Dark De... 2010/03/31 07:59:05 (edited)
    Simmering Frog - PHART
    +2


    "For a society to succeed there needs to be a good equilibrium."

    ABSOLUTELY! And you know how that works in nature? Some gazelles are strong and they outrun the lion and some gazelles are weak and the get devoured. That's equilibrium. Now what you want to do is to strengthen the weak gazelle and weaken the strong gazelle so all the gazelles are equal. What does that solve? Absolutely NOTHING! Does that strengthen the herd of gazelles? No. Is it fair to the strong gazelle? No. Is it fair to the weak gazelle?
    Not to the rest of the herd it isn't.

    You don't help the poor by punishing the rich. Rich people give you a job. I've yet to get a job from a poor person. Rich people also buy things. That moves the economy along.

    Well?

    I believe in equal opportunity. You believe in equal outcome. That's Bull! I heard that if they took all the money from the rich and redistributed to the poor, within two generations most of the money would be back in the hands of the original owners. Why? It's because of what they do. When you force equality of outcome, you are pushing a tyrannical state. If that's the society you want to live in, move to Cuba if you find that so appealing.
  • Dark De... Simmeri... 2010/03/31 11:24:56
    Dark Demonic™ ★ The Original SodaHead Guru ★
    +1
    Nature knows no better, but we do.

    You don't think there is a possibility for a middle ground here? A place where rich people can enjoy their money, without having to put the people on lower incomes into debt with mortgages, loans, credit cards, higher purchases? Rich people take advantage of people on lower incomes who didn't have the best education and that's wrong. That's the equivalent of taking candy from a baby, because the baby knows no better.
  • Simmeri... Dark De... 2010/03/31 19:59:35 (edited)
    Simmering Frog - PHART
    +2
    WHOA! Rich people don't force you to have a mortgage you can't handle. And rich people definitely don't cause you to go into credit card debt. The reason why you go into credit card debt is your personal behavior not because someone wealthier than you is forcing you to carry debt. IF YOU CAN'T AFFORD IT, DON'T BUY IT!

    And no, that is not the equivalent of taking candy from a baby. It would be the equivalent of taking candy from someone your own age. If you are that uneducated that the other person takes your candy, you deserve to lose it!

    Other people are not responsible for your shortcomings.
  • Dark De... Simmeri... 2010/04/03 10:18:50
    Dark Demonic™ ★ The Original SodaHead Guru ★
    Actually, my education was fine and my shortcomings are my own business, nobody else's and I never suggested otherwise.

    "Rich people don't force you to have a mortgage you can't handle."

    Maybe they don't put guns to heads, but they sure do put the pressure on with their salesman, psychological advertising and manipulation.

    I was a salesman and my job was to put people into debt so that I could receive commission, but in all the time I had that job would you like to how many times I got my commission? Once and that was because a customer asked me for it and wasn't interested in the alternatives. I didn't need that extra money, luckily and I couldn't justify taking advantage of people who didn't understand things the way I did.

    The reason I didn't want to put people in debt, is because I grew up in a family that had them. I watched my parents struggle to make ends meet, because they wanted their children to be happy and well provided for. Both my parents worked and they worked hard, but at the end of the month, they could barely afford to pay the bills.
  • Lady Wh... Dark De... 2010/04/03 09:02:36
    Lady Whitewolf
    +1
    I agree!
  • Patriots22 Dark De... 2010/03/31 14:59:36
    Patriots22
    +1
    You need to find out who created these weapons and why. Hitler was working on them first, the US Government found out and sought to build them before he could finish his. Government built Nuclear weapons, not Capitalism. It was greed of a different kind, The greed of World Domination
  • Conserv... Patriots22 2010/03/31 20:05:06
    Conservative in California
    +1
    America never wanted to dominate the world. Communists and the Soviet Union have since the 1920's. "Workers of the world unite" It was the official policy of the USSR to dominate the world. Same thing for the Nazis (socialists).
  • Patriots22 Conserv... 2010/03/31 20:50:32
    Patriots22
    I should have been more specific, It was Hitler goal of world dominance that led to nuclear weapons.
  • socokid Simmeri... 2010/03/31 16:19:26
    socokid
    +1
    We need to realize that much more tech comes out of our public university system, than capitalism by itself.

    The artificial heart, for example (and the only one I looked up) wouldn't have been so if not for university work. U of Utah.
    http://en.wikipedia.org/wiki/...
  • Patriots22 socokid 2010/03/31 20:52:04
    Patriots22
    Many of these inventions come about thru corperate funding and ideas
  • socokid Patriots22 2010/04/05 14:37:27
    socokid
    +1
    There are entire books written on the subject, that suggest you are wrong. Sorry. The history of technical advancement through our university system is very well known.
  • P-Funk 2010/03/31 04:08:16
    No, Capitalism is a great thing, because...
    P-Funk
    +1
    Greed exists irrespective of the economic system. There is rampant greed in socialism and communism. Just look how the fat-cats in those systems live, compared to the peons. And greed is rewarded in those systems, because there is no mechanism available to thwart it.

    Capitalism actually places limitations on greed, because people who are free to choose will choose not to buy from those who exhibit greed. In a free-market system, greed actually gets penalized and those who provide greater VALUE in their products and services are rewarded.

    And capitalism affords everyone the opportunity to participate in prosperity. Not everyone takes that opportunity, because there is risk and hard work involved, but the opportunities exist that do not exist under other economic systems.
  • Bronx at Night 2010/03/31 03:38:01
    Undecided
    Bronx at Night
    +3
    My answer was "yes" to the Greed question - but the answer choices were slanted so...

    Capitalism does promote greed, yes, because it promotes economic inequality and independent survivalism. However, I don't think greed is necessarily a bad thing.

    Keep in mind that greed does not go away with the absence of capitalism. Were ancient people living in caves completely happy and communal, or did they bash each other's heads in for food and shelter? And this was without "capitalism" as we know it.

    There was quite a lot of greed in socialist and communist countries, maybe even more than in capitalist. Think about this - if you live in a dreary place like North Korea, your only means of advancement is to join the Communist Party and be as ruthless as possible to rise in the ranks. And top party members are NOT egalitarian, rather they are quite greedy. Communist party bosses eat caviar, drink champagne, and smoke cigars while the rank-and-file peons starve in the street.

    Milton Friedman -

  • Dark De... Bronx a... 2010/03/31 04:25:44
    Dark Demonic™ ★ The Original SodaHead Guru ★
    +2
    Sorry, I wrote this question quickly and didn't think about the answer options properly. :o)
  • Bronx a... Dark De... 2010/03/31 07:45:59
    Bronx at Night
    +2
    Commie !


    commie
  • Dark De... Bronx a... 2010/03/31 11:28:54
    Dark Demonic™ ★ The Original SodaHead Guru ★
    +3
    I live in a semi-socialist and semi-capitalist country and the balance of both ideologies is a lot better than having just one or the other alone. :o)
  • Patriots22 Bronx a... 2010/03/31 21:01:22
    Patriots22
    +1
    Coming to an AT&T phone soon, the qoute of the day by Chi. Maybe they will have his ringtones next
  • bye Bronx a... 2010/03/31 23:56:45
  • bxr782 2010/03/31 03:06:31
    No, Capitalism is a great thing, because...
    bxr782
    +4
    I hear a lot of leftists saying that capitalism is nothing but greed, but if you look at the communist countries in eastern Europe, those commie leaders were greedy, too.

    Greed exists anywhere - not just among capitalists
    .

    communist countries eastern europe commie leaders greedy greed exists capitalists
  • boomer 2010/03/31 02:57:21
    No, Capitalism is a great thing, because...
    boomer
    +4
    Don't kid yourself, men within all systems are greedy. Capitalism is the only system that actually includes a market and directs goods and services to the doorstep of the consumer... all other systems are ran by the government, and the government uses that power to plan out every little thing its subjects do, and controls who is to get what. They create dependents and rob people of their right to be free. Capitalism's corollary is classical liberalism, which makes government's only permitted end the protection of private property rights, including life. This kind of Liberalism is the only workable system if we want a peaceful world, since it promotes cooperation on both the international and domestic scales. War is actually a by-product of systems of intervention rather than free market capitalism/liberalism because it interferes with the attainment of consumer needs and wants in exchange for war products, which do not raise the net living standard. It is in no way a coincidence that the Capitalist movement and the Liberty movement have gone hand-in-hand. Unfortunately, our government schools do not like capitalism because capitalism limits the powers of government... and let's face it, most people do not study economics thoroughly... it's very uninteresting and dull.....
    Don't kid yourself, men within all systems are greedy. Capitalism is the only system that actually includes a market and directs goods and services to the doorstep of the consumer... all other systems are ran by the government, and the government uses that power to plan out every little thing its subjects do, and controls who is to get what. They create dependents and rob people of their right to be free. Capitalism's corollary is classical liberalism, which makes government's only permitted end the protection of private property rights, including life. This kind of Liberalism is the only workable system if we want a peaceful world, since it promotes cooperation on both the international and domestic scales. War is actually a by-product of systems of intervention rather than free market capitalism/liberalism because it interferes with the attainment of consumer needs and wants in exchange for war products, which do not raise the net living standard. It is in no way a coincidence that the Capitalist movement and the Liberty movement have gone hand-in-hand. Unfortunately, our government schools do not like capitalism because capitalism limits the powers of government... and let's face it, most people do not study economics thoroughly... it's very uninteresting and dull... and these same people are the ones who think capitalism is the devil and the government is on the eve of creating a health care utopia. Sadly, they are also the ones who will continue to blame the "free market" for the failures of the government, like we did for decades with managed care. I sincerely hope people wake up.
    (more)
  • N.D. Nile 2010/03/31 02:49:05
    Undecided
    N.D. Nile
    +2
    For some it does. For some it is all about accumulating money. For others it is about being innovative and creative. You'll see greed under any system - as much as they can get away with...
  • Faydora Frighty 2010/03/31 02:36:19
    No, Capitalism is a great thing, because...
    Faydora Frighty
    +2
    The love of money encourages greed
  • strawberry 2010/03/31 02:19:31
    Yes, Capitalism is bad, because...
    strawberry
    +2
    Yes Capitalism is a very greedy system. We needed Capitalism in early America but the scales are too unbalanced now. A capitalistic society is not just making profits they are stealing from workers. From wikipedia, the free encyclopedia:
    "Captalism is an economic and social system in which capital, the non-labor factors of production (also known as the means of production), is privately owned; labor, goods and capital are traded in markets; and profits distributed to owners or invested in technologies and industries."

    "There is no consensus on the definition of captialism, nor how it should be used as an analytical category. There are a variety of historical cases over which it is applied, varying in time,
    geography, politics and culture. Economists, political economists and historians have taken different perspectives on the analysis of capitalism.. Scholars in the social sciences, including historians, economists, anthropologists and philosophers have debated over how to define captialism, however there is little controversy that private ownership of the means of production, creation of goods or services

    for profit in a market, and prices and wages are elements of capitalism."

    Origins of Socialism: "The English word socialism (1839) derives from the French social...

    Yes Capitalism is a very greedy system. We needed Capitalism in early America but the scales are too unbalanced now. A capitalistic society is not just making profits they are stealing from workers. From wikipedia, the free encyclopedia:
    "Captalism is an economic and social system in which capital, the non-labor factors of production (also known as the means of production), is privately owned; labor, goods and capital are traded in markets; and profits distributed to owners or invested in technologies and industries."

    "There is no consensus on the definition of captialism, nor how it should be used as an analytical category. There are a variety of historical cases over which it is applied, varying in time,
    geography, politics and culture. Economists, political economists and historians have taken different perspectives on the analysis of capitalism.. Scholars in the social sciences, including historians, economists, anthropologists and philosophers have debated over how to define captialism, however there is little controversy that private ownership of the means of production, creation of goods or services

    for profit in a market, and prices and wages are elements of capitalism."

    Origins of Socialism: "The English word socialism (1839) derives from the French socialisme (1832), the mainstream introduction of which usage is attributed, in France, to Pierre Leroux, and to Marie Roch Louis Reybaud; and in Britain to Robert Owen in 1827, father of the cooperative movemnt. Although socialist models and ideas espousing common ownership have existed since antiquity with the classical Greek philosophers Plato and Aristotle, the modern concept of socialism evolved in response to the development of industrial capitalism. Early socialism was seen as an extension of classical liberalism by extending liberty and rights to the industrial economic aspect of life, so that these values were compatible with the then-emerging industrial society."

    "The first advocates of socialism favoured social levelling in order to create a meritocratic or technocratic society based upon individual talent. Count Henri de Saint-Smon is regarded as the first individual to coin the term socialism. Simon was fascinated by the enormous potential of science and technology and advocated a socialist society that would eliminate the disorderly aspects of capitalism and would be based upon equal opportunities. He advocated the creation of a society in which each person was ranked according to his or her capacities and rewarded according to his or her work. The key focus of Simon's socialism was on administrative efficiency and industrialism, and a belief that science was the key to progress."
    (more)
  • Devil's Advocate 2010/03/31 02:08:15
    Yes, Capitalism is bad, because...
    Devil's Advocate
  • Mark 2010/03/31 02:01:16
    No, Capitalism is a great thing, because...
    Mark
    +2
    The above dscription only occures when the white devil republican covetors (which of course are the false conservatives we've had in office since & including Nixon) get involved .

    little mark
  • Moose 2010/03/31 02:00:30
    Undecided
    Moose
  • Andrew ~ PWCM 2010/03/31 01:49:39
    No, Capitalism is a great thing, because...
    Andrew ~ PWCM
    +1
    It does not matter what economic system you are talking about, there always was, and always will be greedy people. The people that are currently trying to bash capitalism are just interested in installing their own system. People that want that kind of power are already corrupt and evil. Any other system will be just as corrupt and full of greedy scoundrels.
  • pbird49 2010/03/31 01:41:37
    Undecided
    pbird49
    +1
    To some it is, but to most it is just a system that works the best.
  • Lindasmind 2010/03/31 01:34:12
    Yes, Capitalism is bad, because...
    Lindasmind
    +3
    Ooooh yeah. It sure does encourage greed. We see it here everyday.
  • joe59 2010/03/31 01:34:04
    Yes, Capitalism is bad, because...
    joe59
    +3
    It's all about money.
  • Jester 2010/03/31 01:32:20 (edited)
    No, Capitalism is a great thing, because...
    Jester
    +9
    Not nearly as much as it promotes envy and jealousy from those who are either too stupid or apathetic to achieve themselves.

    I am a firm believer that anybody in America (or the UK), regardless of their background, can rise as high as talent and determination will take them. Generally, they only thing holding people back in a free market is themselves.

    We are lucky to live in a society where the sky is never the limit.
  • Lindasmind Jester 2010/03/31 01:38:04
    Lindasmind
    +4
    Sure, as long as your parents have the bucks to send you to school and you wern't unfortunate enough to be stuck in an inner city school or on a reservation. I am not saying it's impossible to overcome but it is damn hard.
  • Jester Lindasmind 2010/03/31 01:42:30 (edited)
    Jester
    +4
    I finance my own education. Its not that hard to fill out a FASFA. If anything, it is easier to finance your education if you are poor.
  • Lindasmind Jester 2010/03/31 01:47:03
    Lindasmind
    +4
    If you make it through high school. I respect you and your opinions but greed kills and I truly believe capitalism promotes it.
  • Jester Lindasmind 2010/03/31 01:51:19
    Jester
    +2
    I refuse to buy into the apathy and "It's OK to be average" bullshit mentality promoted by democrats and progressives. The world is a tough place and in order to succeed you must be prepared to compete.

    It is NOT ok to be average
    It is NOT ok to be lazy
    It is NOT ok to be without goals
    and it is NOT ok to sit around waiting for the government to bail your ass out.

    If you want to be successful, that requires hard work and perseverance, not sitting around bitching about how the world is out to get you and feeling sorry for yourself.
  • Lindasmind Jester 2010/03/31 01:55:37
    Lindasmind
    +5
    I have my education and I worked hard for it. But I spent the biggest part of my life working with inner city kids and kids on a reservation here in Oregon. They are not lazy, not without goals and they sure don't want a government bail out. The bailouts are obviously for the banks and the auto makers that can't figure out how to run a business. I am not bitching. I am just saying not everyone has the same chances.

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