And Marxism isn't? Need I remind you of Stalin yet again, or Mao? To paraphrase Winston Churchill, Capitalism may be the worst possible economic system, except for all the others.JimC wrote:
My point is that capitalism itself is essentially predatory, and left unchecked, treats its workers in horrible ways.
And that would be...the past. No Wayback Machine fallacies please.The industrial past of the west is littered with such examples.
... Except for all the others.Third world countries today with free market economies, but without the web of counterbalances we have evolved over the years to counteract the rapacious reality of capitalism, are truly dreadful places to be a worker...
e... In our past, companies did not quietly evolve into being more caring and sharing; they were dragged kicking and sceaming to improve their treatment of workers, partly because of heroic efforts by unions, and partly by democratically elected governments, often centre left, who were not beholden to the monied classes.
Not really true. Child labor, for instance, was already on the way out of the Industrial Revolution when child labor laws were enacted, which only hastened an already in-progress reformation started by industry, at the insistence of both workers and the public, long before the laws were passed. Other industrial reforms certainly were forced by organized labor, but that victory has long ago been won, making unions redundant, unnecessary, and harmful to the economy of today, at least in first-world economies. There may still be a place for workplace health and safety related union organizing in the third world, and I acknowledge this as a potentially useful expedient, in the absence of proper police power exercises for the protection of workers by third-world governments.
But such examples are not particularly useful in this particular analysis, because there is no dispute that industrial reform of working conditions and health laws are legitimate police-power functions of the government. Protecting workers is a laudable and honorable objective that many labor unions were formed to address. But that was then, and this is now, where we have stringent workplace health and safety laws rightfully created and administered by the government. What remains of the labor movement in first-world countries is merely a government-favored and supported wage and benefit coercion organ that has little or nothing to do with workplace health or safety. It's all about the money and socialist power and control.
The specific regulation of Capitalism that is not acceptable, for the umpteenth time, are those regulations that favor one private economic interest over another, or that favor the workers economic interests over those of the business owner, or that favor the public interest over the private interests of business in making a profit.
Conflation of legitimate police-power exercises in pursuit of workplace health and safety are red herring arguments and serve only to deflect the debate away from the real harm of socialist/Progressive attempts to centrally-control and manage the economy and the markets.
And that balance lies with carefully distinguishing between police-power regulation in the interests of health and safety of workers and consumers, and redistributive regulations intended to manipulate the markets to achieve Progressive social engineering programs.With all of that, it is also true that capitalism delivers efficiencies, motivations and innovations that simply do not emerge in planned economies. The trick is to find a balance that works. Possible in many places, but globalised corporations hunt for places they can let their true nature shine, though, with friendly, bribable governments and not a union in sight...