That makes sense. But then how do you find this time for long-form arguments with strangers on the internet?
I usually don’t lol. It’s very rare for me to get into a conversation as much of a tangled mess as this one.
Fiddlesticks. Look at Hong Kong until China annexed it. Small and medium-sized companies flourished. There are a ton of similar examples.
Hong Kong is an incredibly niche place. To point to that city state as a good example to extrapolate the effects of government policy is a bad idea/methodology.
I challenge you to point out a single huge multinational corporation (historical or present day) that grew without government assistance.
I think you missed my point, I am not stating that all or even many corporations become monopolies without government assistance. Usually what happens is that a corporation gets so big that they gain so much control that they can alter government policy, and therefore they grow with government assistance that they themselves implemented. Most if not all monopolies follow this pattern. First the start small, then they get big, then they push out competition, then they buy out the politicians, then they set the laws that make them even bigger.
Their governments instigate and enable their problem.
Instigate? No. Enable? Absolutely.
Our only differences on this topic seem to be that I view small businesses as the essential heart of American market economics, and I view mega-corps as mutants resulting from government bloat.
The mega-corporations are the natural result of capitalism. You can’t have one without the other.
The American dream is alive and well, and there are numerous success stories all around us.
There are also numerous lottery winner stories around. That doesn’t mean that everybody should buy lottery tickets as a means to success.
The idea that it’s “dead” (let alone long dead) has no basis in reality.
Nowadays people are too poor to reasonably afford a home, food, and the basic necessities. The retirement age keeps getting higher. The majority of americans are living paycheck to paycheck. It absolutely has been dead, and for a while.
good example is Donald Trump, who took a small loan of a million dollars
Inheriting wealth is not a means for being successful for the overwhelming majority of americans.
Depending on the type of business, you really don’t need any money
The success of a business is directly tied to the starting investment.
I have no doubt that some employees who hate their jobs feel trapped. But I contend that’s just their feeling, and they’re not really trapped at all.
If you don’t feel like you are free then what is the point? Regardless, it’s not just a feeling, because objectively, vertical mobility is not doing well in the united states. Horizontal mobility is not true mobility.
Especially in the post-covid epoch, when there’s such a labor shortage that you could walk into just about any business and get an interview.
“Just about any business” does not equate to a livable wage, because just about all businesses have employees who are being paid below a livable wage. And like I said, horizontal mobility is not true mobility.
I usually don’t lol. It’s very rare for me to get into a conversation as much of a tangled mess as this one.
I’m flattered. Thank you. I find the conversation enjoyable, though I agree it’s a tangled mess. Yet if you’d find it prudent to quickly wind it down, I won’t be offended.
Instigate? No. Enable? Absolutely.
Well then we’re close to splitting hairs. My contention is governments should be too small to enable companies to grow huge. I get that we don’t completely see eye-to-eye on this, but I’m not sure it’s worth our bickering over the details.
The mega-corporations are the natural result of capitalism. You can’t have one without the other.
I mentioned the importance of definitions recently. Among people who disagree over capitalism, I find we are often operating on different definitions. What if we just talk about free markets? There’s nothing about freedom that inherently gives rise to mega-corporations. They didn’t even exist until relatively modern times.
There are also numerous lottery winner stories around. That doesn’t mean that everybody should buy lottery tickets as a means to success.
No kidding. When you hold a race, there’s one winner. You might give out medals for second and third place, but most competitors are losers. And that’s great. Everyone goes home and tries again tomorrow. In the end, some people are never able to win at all, due to lack of drive, technique, or what-have-you, and that’s fine. Life isn’t fair, and we wouldn’t want it to be. All that matters is that everyone’s able to compete, fair and square.
Nowadays people are too poor to reasonably afford a home, food, and the basic necessities. The retirement age keeps getting higher. The majority of americans are living paycheck to paycheck. It absolutely has been dead, and for a while.
Okay, now I really wonder where you live. Is it a West Coast city? What you describe is absolutely not the America I know and love.
Inheriting wealth is not a means for being successful for the overwhelming majority of americans.
Yeah, it was a joke. I explicitly said I was joking.
The success of a business is directly tied to the starting investment.
No, not usually. Its rate of scale is directly tied to the starting investment. It’s eventual success is only tied to that certain kinds of tech startups, where a ton of work is needed before there’s anything to show for it. For most businesses, success is tied to vision and execution.
If you don’t feel like you are free then what is the point?
The point is always God. And God, incidentally, is the source of our freedom. People may feel a lack of freedom resulting from estrangement from God. That’s hardly the fault of corporations (although you could make a good case that any corporation propagating secular culture is indirectly at fault.)
“Just about any business” does not equate to a livable wage, because just about all businesses have employees who are being paid below a livable wage. And like I said, horizontal mobility is not true mobility.
What’s a livable wage? That’s a mighty subjective phrase. It wasn’t long ago that many of us lived in single-room log cabins that we built ourselves, hauled our own water without plumbing, used outhouses, lacked electricity, had a horse and cart instead of a truck, and grew most of our own food. And we were happy. Because we had God, and in the end that’s all we’ve ever needed. If you’re defining a “livable wage” in terms of anything more than that standard, it’s unreasonable.
I’m flattered. Thank you. I find the conversation enjoyable…
I am enjoying it too, and it’s quite alright. I’m (so far) able to keep up.
Well then we’re close to splitting hairs.
I’ll move on then from this part.
What if we just talk about free markets? There’s nothing about…
Even the term “free markets” is incredibly vague. And depending on what you count as “modern times”, even capitalism itself hasn’t existed until modern times. So it would kind of not make sense to expect to see mega corps in an economic system that doesn’t permit the kind of corps we see today.
And I hate to repeat myself, but core principle of capitalism is competition, but competitions inherently have winners. And therefore the freedom you speak of inherently gives rise to mega-corps. They buy each other up and kill off competitors until they become mega-corps.
Any given loser of a competition under capitalism may not immediately die, but each loss forces a company closer and closer to dying.
everyone’s able to compete, fair and square.
We unfortunately don’t have that though due to inheritance discrepancies, and the burden of entry that corporations put in place through their control of politicians, and through the inherent difficulty of starting a business in an economy as specialized as ours.
For instance if somebody wanted to start up a new business to compete with google, at a minimum they would need several billion dollars to have a reasonable chance of success. Google has such a huge market share and is so well established that it would take decades for any new company to put an actual dent in google’s market share.
Is it a West Coast city? What you describe is absolutely not the America…
I actually live on the East coast, in a mid to large sized city, I think mine is 3rd in pop for my state. And as for your second bit here, I haven’t made anything up.
Majority of citizens living paycheck to paycheck
Housing is increasingly unaffordable with an 18% hike in prices I don’t know about you, but my wage has never increased anywhere close to be able to match that. Grocery prices are no different
The retirement age is going up
Yeah, it was a joke. I explicitly said I was joking.
Sorry, I am a very argumentative person if you couldn’t tell already lol
No, not usually. Its rate of scale is directly tied to the starting investment. It’s eventual success is only tied to that certain kinds of tech startups, where a ton of work is needed before there’s anything to show for it. For most businesses, success is tied to vision and execution.
This is another one of the issues that I wish I had more data on, but unfortunately do not. The closest I was able to find was this:
https://www.luisazhou.com/blog/startup-failure-statistics/
And the most frequent cause of failure is lack of cash, which definitely ties into what I’ve been saying.
People may feel a lack of freedom resulting from estrangement from God.
So this is similar to the drug addiction/true christian inverse correlation that I’ve been talking about in one of the other threads. I know you don’t quite agree with the freedom index I’ve been using, but freedom is not in any way correlated with christianity.
What’s a livable wage? That’s a mighty subjective phrase
Sure, it’s a subjective phrase, and I would personally like to see it added and defined within a new amendment to the constitution, though it probably would never happen
As for an actual definition, a living wage should be defined as a wage that is sufficient to raise a family on, with adequate housing and food. A living wage should be a basic but decent wage for a family.
I would also like to point out that you seem to have missed my point about the lack of freedom through vertical mobility.
And we were happy. Because we had God…
I don’t think that was the reason, I think the reason was because life was literally simpler and more connected to nature. Also you can’t be happy if you can’t afford food and shelter.
anything more than that standard, it’s unreasonable
I’m not saying a livable wage is one in which you will be able to afford anything fancy. It should be a basic wage, but enough so that you can have a family without worry
core principle of capitalism is competition, but competitions inherently have winners.
This is false. A broad class of competitions do not have winners. Only zero-sum games have winners. The economy is not a zero sum game. Every participant adds value.
For instance if somebody wanted to start up a new business to compete with google, at a minimum they would need several billion dollars to have a reasonable chance of success. Google has such a huge market share and is so well established that it would take decades for any new company to put an actual dent in google’s market share.
Oh yeah? May I introduce you to Gabriel Weinberg, who started a Google competitor in his basement with a $0 investment, which now earns $25 million annually.
And the most frequent cause of failure is lack of cash, which definitely ties into what I’ve been saying.
It’s true, but most successful entrepreneurs learn from previous failures, so many of those failed companies generally result in eventual success.
Sure, it’s a subjective phrase [“livable wage”], and I would personally like to see it added and defined within a new amendment to the constitution, though it probably would never happen
I’ve occasionally thought it would be nice to have a website where anyone could post “bills” they wish were actual laws, and other users could vote on them. It’d be fun. Not that I really think we need any more laws. I just wonder what people would come up with.
As for an actual definition, a living wage should be defined as a wage that is sufficient to raise a family on, with adequate housing and food. A living wage should be a basic but decent wage for a family.
You’d struggle to transform that into a legally reliable definition. Does it include iPads for the kids? How about the cost of pet grooming? Vacations for the whole family to the Bahamas every couple of months? Where exactly do you draw the line? Again, it was commonplace for most people to grow their own food in the not too distant past, and we lived simple lives. Isn’t a living wage, then, $0?
I would also like to point out that you seem to have missed my point about the lack of freedom through vertical mobility.
I didn’t miss it. I just skipped the reply. Because I see plenty of evidence that vertical mobility is alive and well. You can deny it all you’d like, but there are so many rags-to-riches stories. Maybe you don’t hear about them much because they’re mostly Republican.
Also you can’t be happy if you can’t afford food and shelter.
Jesus could.
