Animal’s Daily Capitalism 101 News
The growing prevalence of refrigerators is partly due to their declining cost and partly due to people’s growing incomes. In 1919, the Frigidaire was the first self-contained refrigerator. It cost $775. As the average hourly wage in 1919 was just $0.43, it took the average American 1,802 hours of work to afford this luxury appliance. Today, the standard Whirlpool French door refrigerator holds 25 cubic feet’s worth of food and drink.
According to the latest BLS statistics, it would take the average American just 57.5 hours of work to be able to afford this – now common – appliance. Even as the price of refrigerators decreased, refrigerator quality increased. The modern refrigerators have more settings, are more reliable and more energy-efficient. You can, of course, apply the same historical example to microwave ovens, cellular phones, televisions, and many more consumer items. Here’s the thing about capitalism – real, free market, non-crony capitalism – it works every time it’s tried.
There is no underlying philosophy other than liberty; there is no dogma, no set of underlying principles other than leaving people the hell alone. Capitalism in the pure form is nothing more than millions of people making up their own minds, free of outside pressure, as to how to manage their own talents, skills and resources and when and with whom to engage in voluntary trade. Capitalism is free people dealing with each other voluntarily in free markets.
A Terrifying Experiment
In 1974, artist Marina Abramović staged a performance art piece titled Rhythm 0. She stood motionless in an art gallery for exactly 6 hours. To the side stood a table bearing dozens of objects, each selected for their associations with pain or pleasure: a whip, honey, grapes, a feather, knives, lipstick, a camera, a scalpel, a rose, a gun and a single bullet. Audience members were modest and timid at first, repositioning her arms, using the items nervously. One participant put a bullet in the gun and pointed it at her head, and held it there, finger on the trigger, until another audience member eventually pushed the gun away.
Throughout the performance, Abramović remained passive. At the end of the six hours, the curator announced that the performance was concluded. Abramović stood up, tears in her eyes, blood dripping from her neck, and walked towards the audience. Nobody wanted to confront the active, animated version of the passive figure they had been abusing. Humanity is cruelest when presented with a passive victim, and that’s why would-be oppressors first seek to silence their targets.
As Abramović’s performance 40 years ago shows, society will always do its worst to a passive victim. When the abusers find that their victim is no longer a passive object, that she’s stepping forward to confront them face to face, their taste for confrontation suddenly vanishes.
What are the negative effects of capitalism
The negative effects of greenhouse effect is very well known among people as global warming. Global warming is a recent phenomena of the 20th and the 21st century. The adverse effects of global warming start from temperature rise to melting of polar ice caps and submerging of the islands and coastal areas under water. All that water again heats up and produces condensation, floats to other parts of the world in clouds, and drops down like rain. There is a global climate change from that repeated compounding weather pattern.
On land, if pollution and deforestation is not controlled and the greenhouse effect keeps going we could see temperatures rise by another degree in the next hundred years. Earth will be a giant aquarium with all landmasses under water. Making freshwater from saltwater for supplying our world’s drinking water is helping. Bringing saltwater inland supplies fresh fish, faster than having to pollute our environment by using fishing vessels. Maybe tapping into our own oil reserves, growing our own sustainable environment without electrical, industrial, or chemical factors, or finding other uses for water rather than letting it flood us to extinction, can be researched.
The continuous technological advancement that the world has today have actually contributed a lot to global warming. Some of these turns into pollution rather than actual environmental help.
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