[quote]gladiatorsteer wrote:
where is the work of this invisible hand when U.S. corporations go into foreign countries and pay slave wages. they prohibit workers unions and they do not follow envionmental laws and they dont pay taxes. when transnational corporations flood developing countries whith cheap products and they leave millions of people unemployed, where is the invisible hand then?
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When corporations violate environmental laws they committ a crime. That is what justice systems are for. Happens in all systems and is not unique to free markets. In fact socialist countries REALLY fucked up their environments.
Look up “Bitterfeld”. It is a small East German town.
Are those corporations providing slave labor jobs or are they leaving unemployment behind?
Which one is it?
The truth is that globalizaion is helping millions of people escaping extreme poverty which existed before those countries adopted free market policies.
Like in the case of Manchester liberalism capitalism is plamed for the conditions that existed because of hundreds of years of feudalism and which capitalism eliminated in mere decades.
As to flooding “poor” markets with "cheap “products”…
Well that are the only kind of products those people can afford so thank God they get them instead of nothing.
[quote]
people are not what they are, people are influenced by their surroundings which is why you are the way you are. you believe in persuing self interests because that is the invironment that you live in. if society were taught to work for the good of the group then they would belive that ideology to be true just as you believe in belive in capitalism.[/quote]
Not so.
We are a species with psychologic adaptations that makes it able for us to live in a group.
It is basically a nurture vs nature argument , and your argument or point of view was the basis for re-educaion camps all over the world, which achieved very little.
The real problem is that our instincts of being altruistic, sharing, co-operative etc work very well in small groups (because they developed to work in small groups) and lead to disaster when applied to a society of millions because all the in-built checks and balances are gone.
Plus, capitalism is the most efficient way of working for the good of the group because the rising tide lifts all boats.