J.R.’s Zaphne Blog News for 02-02-2018

Media Ignorance on Capitalism Hurts Low-Wage American Workers –

For whatever reason – ignorance, socialist-leaning worldview or laziness – basic economics of free market capitalism seems all but impossible for most of the mainstream media to grasp. At its most foundational, capitalism functions on supply and demand and the ability of a company to make a profit meeting the demand, and the person creating the demand to have multiple supply options to create competition. These capitalism concepts of supply, demand, profit and competition seems to elude most media reports, allowing people like Sen. Bernie Sanders to claim corporations are evil, gouge employees and make outrageous profits. If you are making $9 per hour and working for a company making billions of dollars in profits without any media explanation of the fuller context, this is very enticing to believe. Liberal politicians such as Sanders, and many in the media, always use the anecdote corporation that just made a huge profit, rather than actual data points. Your local liberal’s favorite evil corporation, Walmart, squeezes out a paltry 2.1 percent profit. Walmart’s profit margin is less than one-third of what it pays in taxes. A 2013 Reason-Rupe Poll found that the average American guessed the typical corporate American profit to be 36 percent. The actual number is about 3-5%. The corporate profits disconnect is a combination of economic ignorance and liberal agenda. If Walmart, with a profit margin of 2.1 percent, has to increase the majority of its employees’ pay by 50 to 100 percent, how will they be forced to respond? Remember, the company needs to meet demands while making a profit. 2) Cut the number of workers, particularly full-time workers with benefits. Add more part-time workers and employ the use of technology to replace low-skill workers.

Keywords: [“profit”,”workers”,”media”]
Source: https://therevolutionaryact.com/media-ignorance-capitalism

The Ethics of Capitalism

In the expositions of Ethical Socialism one constantly finds the assertion that it presupposes the moral purification of men. The difficulties in the way of Socialism lie exclusively, or predominantly, in men’s moral shortcomings. The impracticability of Socialism is the result of intellectual, not moral, incapacity. If a socialist community were capable of economic calculation, it could be set up without any change in men’s moral character. It would be no more difficult to enforce the code of socialist morals than it is to enforce the code of capitalist morals, if there were any possibility of making objective computations within the socialist society. This inadequacy of the human type which would cause the breakdown of Socialism, may appear to be of a moral order; on closer examination it turns out to be a question of intellect. Moral behavior is the name we give to the temporary sacrifices made in the interests of social co-operation, which is the chief means by which human wants and human life generally may be supplied. They elevate unselfishness and self-sacrifice and the love of compassion, which lead to them, to absolute moral values. The pain that at first accompanies the sacrifice is defined as moral because it is painful-which is very near asserting that all action painful to the performer is moral. From the discovery of this confusion we can see why various sentiments and actions which are socially neutral or even harmful come to be called moral. There thus arises a negative utilitarianism: we are to regard as moral that which benefits, not the person acting, but others. To condemn the ethics demanded by social life under Capitalism and to set up in their place standards for moral behavior which-it is thought-might be adopted under Socialism is a purely arbitrary procedure.

Keywords: [“moral”,”socialist”,”society”]
Source: https://mises.org/blog/ethics-capitalism

The Ethics of Capitalism ยป Alex Jones’ Infowars: There’s a war on for your mind!

In the expositions of Ethical Socialism one constantly finds the assertion that it presupposes the moral purification of men. The difficulties in the way of Socialism lie exclusively, or predominantly, in men’s moral shortcomings. The impracticability of Socialism is the result of intellectual, not moral, incapacity. If a socialist community were capable of economic calculation, it could be set up without any change in men’s moral character. It would be no more difficult to enforce the code of socialist morals than it is to enforce the code of capitalist morals, if there were any possibility of making objective computations within the socialist society. This inadequacy of the human type which would cause the breakdown of Socialism, may appear to be of a moral order; on closer examination it turns out to be a question of intellect. Moral behavior is the name we give to the temporary sacrifices made in the interests of social co-operation, which is the chief means by which human wants and human life generally may be supplied. They elevate unselfishness and self-sacrifice and the love of compassion, which lead to them, to absolute moral values. The pain that at first accompanies the sacrifice is defined as moral because it is painful-which is very near asserting that all action painful to the performer is moral. From the discovery of this confusion we can see why various sentiments and actions which are socially neutral or even harmful come to be called moral. There thus arises a negative utilitarianism: we are to regard as moral that which benefits, not the person acting, but others. To condemn the ethics demanded by social life under Capitalism and to set up in their place standards for moral behavior which-it is thought-might be adopted under Socialism is a purely arbitrary procedure.

Keywords: [“moral”,”socialist”,”society”]
Source: https://www.infowars.com/the-ethics-of-capitalism

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