Higher global unemployment is the result of lower global labor share

[arkirk]

I'm a realist, you are very naive my friend. But at the same time you are enjoying the fruits of a capitalist, profit driven economy and the technology it has brought to the world. You would send us all back to live in a cave if you had your way.

This is called contracting, happens every day and most of the time very profitable to both parties. Not all that much different to franchising where the franchisee pays the franchisor for his idea and the risk he took originally to test his ides.

So then, Walmart and McDonalds are "contracting." I see now the limits of your perception. You really have no sense of fairness and you regularly find joy in seeing jobs axed, regarding that as somehow an improvement to society. Welfare to Walmart and other private EMPLOYERS and joblessness to working slobs. Got you! I now understand YOU. I have been aware of the exploitation for more than 50 years, Thank you for your advisement.

 

[arkirk]

Whether it's right or wrong Western governments are set in their ways and will keep on selling the family farm bit by bit until the only government owned enterprises left are the always loss making public transport, health services, public servants/services. etc., etc.. Capitalism is far from a perfect system, but all the other systems are far worse.[/QUOTE]

Even if what you said there is true, you cannot possibly know that. That would imply that you are sufficiently aware of all the details of other systems. People like that are "know-it-alls." Don't try to be one.

 

[angelo]

Well, there is socialism. It starts off well enough. Welfare from the cradle to the grave. But who pays?