|
 Originally Posted by OngBonga
The problem with capitalism is that it is driven purely by profit, and underhand tactics are rewarded, not punished. Bankers in this country get bonuses and fat pensions, even when they fail so hard that the taxpayer has to pay to bail the banks out of a crisis.
The banker bailout problem is a government one, not a capitalism one. The free market works best as a profit and LOSS system. When you remove the loss part of that equation it fucks everything up, and incentivizes bankers to do riskier things to increase their potential for profit. Your's is a valid criticism of the status quo, but not of capitalism.
 Originally Posted by OngBonga
Capitalism does not reward ethical behaviour, on the contrary it punishes it because it puts you at a disadvantage against those who are willing to act unethically.
As long as there are measures taken against outright aggression and fraud, this isn't really the case. In fact, ethical behavior is usually rewarded. Untrustworthy businesses aren't business that are likely to succeed long term. Now what one person deems to be ethical might vary depending on the person. You, for example, probably find it unethical to pay a busboy 5 dollars an hour even though thats what supply and demand have deemed the price of his services to be. I don't find that unethical at all. But I think we can both agree that it's not ok to defraud people or commit coercive acts against them for monetary gain.
|