A majority of millennials now reject capitalism, poll shows • Hacker News Board

Re: A majority of millennials now reject capitalism, poll shows

#131

Post by dakrootie » Fri, Mar 03, 2017, 4:43 AM UTC

dnautics wrote: post #90

dakrootie wrote: post #71

Earlier quoted context omitted.

Everything? True, some prices have risen. But, if I may, here are some fun equations to ponder. 1996 (Florida) Minimum wage $4.25 Gallon of milk $2.73 Gallon of gas $1.26 Dozen eggs $1.31 2017 Minimum wage $8.10 Gallon of milk $3.31 Gallon of gas $2.41(was almost $4.00, if I remember correctly a few years ago?) Dozen eggs $1.59 1996 Electronics (to do work, using one's natural talents, for example) Expensive. 2017 El…

Since you've cherry picked your data to support an observation of no inflation, do you also support not increasing the minimum wage?

There is acknowledgement of inflation in every one of my examples, save certain electronics. I have no idea how to answer this question as I didn't deny prices increased.

Re: A majority of millennials now reject capitalism, poll shows

#132

Post by [deleted] » Fri, Mar 03, 2017, 4:02 PM UTC

oconnore wrote: post #17

dnautics wrote: post #13

Earlier quoted context omitted.

alright. I'll bite. I have made almost no money in the past year, and my bank account is nearly zero. I had a relatively middle class upbringing (but for reasons I'd rather not go into) my family is currently bankrupt. Capitalism (in the free markets sense) is great. The problem is that gobs of money are stolen from poor people like me by the government through various processes, the biggest of which is inflation. Th…

If you have a bank account of almost zero, inflation can't possibly be stealing money from you (unless you also have gobs of cash under a mattress somewhere).

[deleted]

Re: A majority of millennials now reject capitalism, poll shows

#133

Post by RugnirViking » Fri, Mar 03, 2017, 4:12 PM UTC

Clubber wrote: post #110

Retra wrote: post #73

Earlier quoted context omitted.

The problem with communism is the same problem with unregulated capitalism: when you give extraordinary power to a small minority, everyone else suffers. There's also the problem that violent revolutions are extremely risky, and are unlikely to result in anything but a dictatorship, exacerbating the previous point. Most failed communist communist governments have these problems, as do most failed capitalist governmen…

I don't think you can reasonably compare the suffering of any capitalist society with the suffering of Soviet Russia, especially in the 1930s.

You can try

https://en.wikipedia.org/wiki/Dutch_East_India_Company#Confl...

Re: A majority of millennials now reject capitalism, poll shows

#134

Post by otempomores » Fri, Mar 10, 2017, 9:21 PM UTC

mcbruiser wrote: post #114

Joof wrote: post #94

Earlier quoted context omitted.

Why does any single person deserve the enormous amount of power that being so absurdly wealthy can bring?

wealth is earned, not distributed.

Or inherited if your classy

Re: A majority of millennials now reject capitalism, poll shows

#135

Post by otempomores » Fri, Mar 10, 2017, 11:25 PM UTC

The problem with whishing for socialism in a divided democracy is that the owners will align with any dictator available to keep what they gained. So higher taxation and redistribution within legal boundaries is discussable. Disowning is destroying the democracy and a sure way to start a civill war.