Video & Multimedia
Related: About this forumElmer Fudd Explains Capitalism.
It's such an old, quaint notion. It'll make you cry over lost innocence.
Pharaoh
(8,209 posts)If it was regulated. But what we have now is,...................
zeemike
(18,998 posts)Terminal Capitalism.
And the question asked was "where does it end?"...and the delusional say never.
But anything that must continue to grow will consume itself in the terminal stage.
cprise
(8,445 posts)which is like another way of saying it has become 'terminal' or has expired.
delrem
(9,688 posts)I'm an independent contractor, beholden to nobody but my customer base and line of material supply, and my product depends essentially on reinvesting "profits" into physical/material improvements so that not only do I maintain a status quo, but I improve on it so my situation is better. So my business can provide for me in my "declining years".
This cartoon isn't addressing the kind of shit that's being going down in 21st C. capitalism, where $trillions$ are being sucked out of entire countries/continents and the people are being trodden down under one pair of giant boots.
SoapBox
(18,791 posts)Rumpledumple?
Rumpledimple?
Rumplestiltskin!
Spitfire of ATJ
(32,723 posts)SoapBox
(18,791 posts)Spitfire of ATJ
(32,723 posts)LostOne4Ever
(9,288 posts)Gotta love those classic looney tunes!
Turbineguy
(37,324 posts)that corporations existed to make life better for everybody. Management's task was to organize production.
Quaint.
Larry Ogg
(1,474 posts)But it doesn't, for obvious reasons, address the underlying corruption of a corporate management which bribes, and then extorts, the political system into removing any form of citizen oversight; effectively putting corporations and corporate managers above law.
Which in turn, alows corporations and corporate managers the opportunity to commit the biggest acts of legalized imbezalment, and inviormentle destruction (etc...) in all of human history.
Adding: Putting horns on Elmer Fudds head and a pitchfork in his hand might have painted a more truthful picture as to the true character of corporations.
SoapBox
(18,791 posts)Maybe he was really just a Jamie Dimon type or some "hedge fund / wall streeter" masquerading as an elf.
Larry Ogg
(1,474 posts)In science and sociology you have genetic psychopathy and CEO's.
If you were to study the character traits of royal families, Jamie Dimon, most politicians, confirmed and convicted psychopaths, you might not find any differences, other then they are radically different from the honest people they gracefully deceive, which is most of the population.
But yes it is funny, the cartoon puts a crown on the corporate caricature, and psychologist describe the character traits of a corporations as being that of a psychopath.
So when the SCOTUS said corporations are people it becomes obvious that the majority of the Worlds population would be better served if these kind of people were not allowed to play King of the hill any longer, but rather, eliminated from the gene pool altogether.
WhoIsNumberNone
(7,875 posts)In the real world, it works a little differently
onwardsand upwards
(276 posts)It's fun to spot the holes in the argument.
Why, exactly, would the firm pay workers higher wages? It doesn't really follow, but it sounds so nice.
What happens to the workers when they get replaced by those nice, shiny, new machines?
SnowCritter
(810 posts)the marginal tax rates for companies and individuals was quite high. So, the easiest way to avoid paying taxes was to reduce your profits.
Remember, Profit = Revenues - Expenses.
So, by purchasing new machinery and paying your employees well, you would reduce your profits. These days, with marginal tax rates some of the lowest ever, there is no incentive to pay employees well (there is always an incentive to maintain and/or upgrade equipment).
onwardsand upwards
(276 posts)... remember that the aim of the corporate game is to maximize after-tax profits, not to minimize tax payments.
To maximize after-tax profits, with a proportional profit tax, you don't want to reduce profits -- you want to increase them. This would mean (for example) paying your employees less (if you can get away with it).