
I have read many of the comments posted on this thread and many people seem to think that American business is doing something different than businesses have since the first time someone hired someone to work for them. Marx was right in many respects about the business/l
abor interactio
n. Business has beaten down the labor force to the point that it is irrelevant
, and government has made that possible by the tax breaks they have given to outsource jobs. Regulation
s are merely a check and balance on business to keep them from completely exploiting workers, the environmen
t, and the consumers of their products.
Unregulate
d capitalism is like a parasite, it will continue to feed off its host until it kills it. Capitalism has nothing to to with free trade, innovation
, or job creation. A capitalist
s goal is to eliminate the competitio
n until there is a monopoly, to reduce costs by shifting to the cheapest labor it can find, which will eliminate its own consumers, using the least expensive raw materials while not lowering the retail price to increase profits (none of which make it to the labor force), and to market their products to consumers by making inaccurate statement about what their products are made of or will do.
I am not advocating a different economic system, just one that maintains a check and balance on business so that it does not kill itself (or its labor force or consumers) at the expense of making money.
Read the Article at HuffingtonPost