Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum
» The thing about Capitalism and acquisition of wealth
  1. Results 1 to 19 of 19
post 1615241151 09-01-2020, 04:46 AM
-
#1
  1. zhengterry
  2. Banned
  1. zhengterry
  2. Banned
  3. Join Date: Jul 2015
  4. Age: 36
  5. Posts: 22,293
  6. Rep Power: 0

The thing about Capitalism and acquisition of wealth

It's too competitive for the wrong reasons.

Most jobs I've had there were always issues with being understaffed and dead lines, etc whether it was construction or retail and accommodation.

Want to upgrade a building's hvac controls? Cool, here's one journeyman and a first year apprentice. This is what you have and what you need to do. Oh btw, we're not making enough profit even though it's governmental work and probably subsidized.

Working at a retail store? Cool, let's make this many $$$, go get them tiger.


They were showing the news on small businesses that didn't last the pandemic , bookstores, restaurants/bars. A pub was operating for 9 years, thought its landlord applied rent subsidy , nope here's the previous 6 months rent. Here you go.



It really seems like the goal of acquiring wealth competitively when facing declining resources and global moral just doesn't cut it nowadays.
post 1615288181 09-01-2020, 02:18 PM
-
#2
  1. zhengterry
  2. Banned
  1. zhengterry
  2. Banned
  3. Join Date: Jul 2015
  4. Age: 36
  5. Posts: 22,293
  6. Rep Power: 0
Bump for opinions
post 1615288451 09-01-2020, 02:20 PM
-
#3
  1. LegDayLol
  2. Registered User
  1. LegDayLol
  2. Registered User
  3. Join Date: Feb 2017
  4. Age: 36
  5. Posts: 5,248
  6. Rep Power: 18084
Nice try, China
I identify as a chad with a jawline so chiseled it can cut diamond, don't assume my genetics

The best time to plant a tree is 20 years ago, the second best time in now
post 1615288881 09-01-2020, 02:24 PM
-
#4
  1. GordonXXX
  2. Generation X Capitalist
  1. GordonXXX
  2. Generation X Capitalist
  3. Join Date: Feb 2019
  4. Posts: 34,559
  5. Subscribers: 5
  6. Rep Power: 283392
it's survival of the fittest. free market economy. creative destruction. this is how resources get allocated efficiently and appropriately. mog or be mogged.
post 1615288951 09-01-2020, 02:25 PM
-
#5
  1. poundXpound
  2. Registered User
  1. poundXpound
  2. Registered User
  3. Join Date: Mar 2013
  4. Location: United States
  5. Posts: 3,673
  6. Rep Power: 55628
No one is making you work there.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1615289291 09-01-2020, 02:29 PM
-
#6
  1. ByAssociation
  2. Registered User
  1. ByAssociation
  2. Registered User
  3. Join Date: Aug 2016
  4. Age: 46
  5. Posts: 1,984
  6. Rep Power: 5113
The flaw isnt capitalism its that workers have lost their power and collective bargaining. In the 50s ceo to worker pay was only 20:1 difference. If everyone driving for and working for amazon was making 35 hour starting, it would be good for the economy, bezos making less of a share would have almost zero effect on us. The idea that it would cause inflation and the price of everything to rise is bull****. It has been proven in practice to not be true and innfact be a job creator. Between 1978 and today ceo pay has increased 1000%. Worker pay has increased 12%. Top down economics do not work. Middle out economics works.

Luckily at my job my superiors are very strong are almost never pressured to an unrealistic time frame and when we are we get paid well. We almost always come in ahead of time then have time to bull**** around. That being said there have only been concessions given since the 80s. Guys used to make way way more and be given way more OT for weekend and night work.


One thing that is interesting is how polar opposites tend to start reflecting one another. So facism and communism are actually not so different. And in practice the corrupt communist state was essential "the state" embodied by a small group of uber wealthy people controlling everything with super poor low wage/living standard workers. The direction we are heading lots of ways is sure free not state run but small number of uber wealthy capital hoarders and business owners driving an economy of low paid wage slaves. In my field i know the richest person can still only pay for one or one familys attendance. If one hundred people instead had enough disposable income to attend it would make my field grow. We dont grow by capital investment but by capitalist consumption. The overstatement of important and job creation of Capital investment is a lie. People get mad because if they have capital to invest in a project in my area they have to pay out, by law, so much in labor costs. Its better for the economy overall but they want to be able to pocket it for themselves. And this is only a small number of projects that are done compared to user consumption driven funding.
post 1615289411 09-01-2020, 02:30 PM
-
#7
  1. zhengterry
  2. Banned
  1. zhengterry
  2. Banned
  3. Join Date: Jul 2015
  4. Age: 36
  5. Posts: 22,293
  6. Rep Power: 0
Originally Posted By ChinesePower
Me and you are Chinese man. If you can't accept our nature of being cutthroat in business then you wouldn't survive in China. You grew weak living in a coddled environment which is Canada.
I'm from Shanghai, and grew up poor. Lived under my paternal grandfather's house with all my uncles, aunts and cousin. No working plumbing, grandma had to carry out the toilet barrel down the street.

I'm not weak nor coddled, just saying the facts.
Originally Posted By GordonXXX
it's survival of the fittest. free market economy. creative destruction. this is how resources get allocated efficiently and appropriately. mog or be mogged.
is it though? but who was government bailouts --> ceo MM bonuses ---> employee lay offs.
Originally Posted By poundXpound
No one is making you work there.
I'm not, still have a job. FYI I make 50k gross, now on EI and looking at the 19$/hr first year apprentice position isn't really worth it right now.
post 1615289601 09-01-2020, 02:32 PM
-
#8
  1. BetaAsPhuck
  2. Wage Cuckin' It
  1. BetaAsPhuck
  2. Wage Cuckin' It
  3. Join Date: Mar 2014
  4. Posts: 34,506
  5. Rep Power: 127306
Originally Posted By GordonXXX
it's survival of the fittest. free market economy. creative destruction. this is how resources get allocated efficiently and appropriately. mog or be mogged.
It's not really survival of the fittest, it's survival of the most profitable.

Regardless of if that profit leads to the long term well-being of individuals, families, or society in general or not.

"Goldman Sachs analysts attempted to address a touchy subject for biotech companies, especially those involved in the pioneering “gene therapy” treatment: cures could be bad for business in the long run.

“Is curing patients a sustainable business model?” analysts ask in an April 10 report entitled “The Genome Revolution.”"


https://www.cnbc.com/2018/04/11/gold...ess-model.html


To reiterate: that is a report questioning the long term profitability of research into one shot cures for diseases. Which shows the capitalist mindset at work.

The Tobacco industry intentionally covered, up the research concluding harmful effects, so do the Sugar industry attempting to blame rising obesity of saturated fat (that's not a conspiracy theory, both cover ups are even acknowledged by the MSM).
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1615289761 09-01-2020, 02:33 PM
-
#9
  1. ltsOgre
  2. I hate capitalism srs
  1. ltsOgre
  2. I hate capitalism srs
  3. Join Date: Feb 2020
  4. Posts: 5,313
  5. Rep Power: 0
I just hate the hyper-specialization that everyone is forced to do. You either have to slave away at a computer for 40 hours a week, plus when you get home. Or you have to drive the dreaded walkie and break your back in a warehouse for 40 hours plus overtime. There needs to be more variation in the workplace. One reason I like retail was the many work activities you could do. If one thing got boring you just did something else.
I hate capitalism srs
post 1615289921 09-01-2020, 02:34 PM
-
#10
  1. Bluestar92
  2. Lettuce be reality
  1. Bluestar92
  2. Lettuce be reality
  3. Join Date: May 2010
  4. Location: United States
  5. Age: 34
  6. Posts: 6,614
  7. Rep Power: 26958
80% of millionaires are self made first generation millionaires. Try harder.
post 1615290141 09-01-2020, 02:37 PM
-
#11
  1. BetaAsPhuck
  2. Wage Cuckin' It
  1. BetaAsPhuck
  2. Wage Cuckin' It
  3. Join Date: Mar 2014
  4. Posts: 34,506
  5. Rep Power: 127306
Originally Posted By Bluestar92
80% of millionaires are self made first generation millionaires. Try harder.
That doesn't address what he's talking about, at all.
If You Don't Like To Talk About Your Feelings, This Might Help...
https://forum.obnoxiousbrutes.com/showthread.php?t=178926621

The Most Heartbreaking Thing That I've Learned About 'The Elite'.
https://forum.obnoxiousbrutes.com/showthread.php?t=178536851

Bitcoin And 'The Elite' - Why Bitcoin Is Not Revolutionary
https://forum.obnoxiousbrutes.com/showthread.php?t=179820783
post 1615290981 09-01-2020, 02:45 PM
-
#12
  1. Johnez
  2. Registered User
  1. Johnez
  2. Registered User
  3. Join Date: Jul 2019
  4. Age: 56
  5. Posts: 12,771
  6. Rep Power: 87772
Originally Posted By ByAssociation
The flaw isnt capitalism its that workers have lost their power and collective bargaining. In the 50s ceo to worker pay was only 20:1 difference. If everyone driving for and working for amazon was making 35 hour starting, it would be good for the economy, bezos making less of a share would have almost zero effect on us. The idea that it would cause inflation and the price of everything to rise is bull****. It has been proven in practice to not be true and innfact be a job creator. Between 1978 and today ceo pay has increased 1000%. Worker pay has increased 12%. Top down economics do not work. Middle out economics works.

Luckily at my job my superiors are very strong are almost never pressured to an unrealistic time frame and when we are we get paid well. We almost always come in ahead of time then have time to bull**** around. That being said there have only been concessions given since the 80s. Guys used to make way way more and be given way more OT for weekend and night work.


One thing that is interesting is how polar opposites tend to start reflecting one another. So facism and communism are actually not so different. And in practice the corrupt communist state was essential "the state" embodied by a small group of uber wealthy people controlling everything with super poor low wage/living standard workers. The direction we are heading lots of ways is sure free not state run but small number of uber wealthy capital hoarders and business owners driving an economy of low paid wage slaves. In my field i know the richest person can still only pay for one or one familys attendance. If one hundred people instead had enough disposable income to attend it would make my field grow. We dont grow by capital investment but by capitalist consumption. The overstatement of important and job creation of Capital investment is a lie. People get mad because if they have capital to invest in a project in my area they have to pay out, by law, so much in labor costs. Its better for the economy overall but they want to be able to pocket it for themselves. And this is only a small number of projects that are done compared to user consumption driven funding.
Well written. I'm not sure I agree with the collective bargaining being the key here, I think businessmen in the past were more tied to their community and over time kept getting away with schittier pay and conditions as business became further separated from their origins and more beholden to stock holders. The real wages of Americans hasn't moved an inch since the '70s and depending on which years you cherry pick actually declined (I think from '70 to '18 it had an overall decline).
Virtue is its own reward.
post 1615290991 09-01-2020, 02:46 PM
-
#13
  1. digital022
  2. Registered User
  1. digital022
  2. Registered User
  3. Join Date: Sep 2010
  4. Location: United States
  5. Posts: 8,026
  6. Rep Power: 42447
Corporations are setup to suck the money and soul out of society, leaving all the resources for the elites.

I just received a class action lawsuit notice regarding a corporation I used to work for. I read trough the documentation and they agreed to settle various claims for multi-millions of dollars without admitting fault. My portion comes out to a little over $2K. Like, why fukk over your emplyees and do illegal chit, only to turn around and not even balk at settling a multi-million dollar lawsuit. I guess this way allows them to claim the money as revenue first before having to pay it out in the form of fines lol. Capitalism of peace.
Your schtick sucks and it screams insecurity.
post 1615291271 09-01-2020, 02:50 PM
-
#14
  1. ByAssociation
  2. Registered User
  1. ByAssociation
  2. Registered User
  3. Join Date: Aug 2016
  4. Age: 46
  5. Posts: 1,984
  6. Rep Power: 5113
Originally Posted By Bluestar92
80% of millionaires are self made first generation millionaires. Try harder.
Are you one of them or think you ever will be? If i was i would rather be half and know that i provided a good life for the people i worked with
post 1615291321 09-01-2020, 02:50 PM
-
#15
  1. Johnez
  2. Registered User
  1. Johnez
  2. Registered User
  3. Join Date: Jul 2019
  4. Age: 56
  5. Posts: 12,771
  6. Rep Power: 87772
Originally Posted By digital022
Corporations are setup to suck the money and soul out of society, leaving all the resources for the elites.

I just received a class action lawsuit notice regarding a corporation I used to work for. I read trough the documentation and they agreed to settle various claims for multi-millions of dollars without admitting fault. My portion comes out to a little over $2K. Like, why fukk over your emplyees and do illegal chit, only to turn around and not even balk at settling a multi-million dollar lawsuit. I guess this way allows them to claim the money as revenue first before having to pay it out in the form of fines lol. Capitalism of peace.
I've got my 4th letter in 6 years with the same company. Same chit every time-payroll issues. It's like fighting terrorism for business IMO, be perfect 99.999% time-great, but the one time you fail it's game over. Lawyers (like terrorists) have all the time and resources in the world to go after and nail companies for overlooking a procedure or paperwork fuk ups and I think they're taking advantage more than anything that it's easier to settle than to fight. With 4 lawsuits tho you'd think they'd take a stand somewhere but maybe they legit fukt up.
Virtue is its own reward.
post 1615291991 09-01-2020, 02:59 PM
-
#16
  1. ByAssociation
  2. Registered User
  1. ByAssociation
  2. Registered User
  3. Join Date: Aug 2016
  4. Age: 46
  5. Posts: 1,984
  6. Rep Power: 5113
Originally Posted By Johnez
Well written. I'm not sure I agree with the collective bargaining being the key here, I think businessmen in the past were more tied to their community and over time kept getting away with schittier pay and conditions as business became further separated from their origins and more beholden to stock holders. The real wages of Americans hasn't moved an inch since the '70s and depending on which years you cherry pick actually declined (I think from '70 to '18 it had an overall decline).
Yhanks yes you are right but in my experience good treatment without wide contract is the anomaly not the norm. It does exist but rarer. Its the only way to force it. Govt isnt needed and all that just organizing. The tales of woe and corruption are over exaggerated by ulterior motive detractors. Workers need to band together but this is easier said than done unless the groups are already in place and the have been shrinking sadly
post 1615293471 09-01-2020, 03:17 PM
-
#17
  1. digital022
  2. Registered User
  1. digital022
  2. Registered User
  3. Join Date: Sep 2010
  4. Location: United States
  5. Posts: 8,026
  6. Rep Power: 42447
Originally Posted By Johnez
Well written. I'm not sure I agree with the collective bargaining being the key here, I think businessmen in the past were more tied to their community and over time kept getting away with schittier pay and conditions as business became further separated from their origins and more beholden to stock holders. The real wages of Americans hasn't moved an inch since the '70s and depending on which years you cherry pick actually declined (I think from '70 to '18 it had an overall decline).
A lot of truth here. In regard to businessmen of the past, I forget who I heard this from, but I recall someone telling me that their grandfather was a business owner and when asked how much he made and how much he charged customers, his answer was 'enough.' Meaning, he wasn't caught up or consumed by the greed that is capitalism. I guess those were simpler times.
Originally Posted By Johnez
I've got my 4th letter in 6 years with the same company. Same chit every time-payroll issues. It's like fighting terrorism for business IMO, be perfect 99.999% time-great, but the one time you fail it's game over. Lawyers (like terrorists) have all the time and resources in the world to go after and nail companies for overlooking a procedure or paperwork fuk ups and I think they're taking advantage more than anything that it's easier to settle than to fight. With 4 lawsuits tho you'd think they'd take a stand somewhere but maybe they legit fukt up.
In this case, it's a tradie related company and although I was working in the office, I had worked in the field about a decade prior and the field employees always got the short end of the stick. Corporations want to have their cake and eat it to. Meaning, management is quick to enforce policy that is perceived to benefit the company, while turning a blind eye when it comes to labor laws.
Your schtick sucks and it screams insecurity.
post 1615294151 09-01-2020, 03:27 PM
-
#18
  1. ltsOgre
  2. I hate capitalism srs
  1. ltsOgre
  2. I hate capitalism srs
  3. Join Date: Feb 2020
  4. Posts: 5,313
  5. Rep Power: 0
Originally Posted By Bluestar92
80% of millionaires are self made first generation millionaires. Try harder.
This is incredibly misleading. This statistic is based on millionaires who did not inherit at least 10% of their wealth, which is still a very high number. In other words many millionaires were fairly well off before they made their first million. It's very difficult to go from poor to rich as there are many factors keeping people in poverty (i.e. the poverty trap).

Once you have money, it's much easier to make money, and it doesn't have to be a million at first.
I hate capitalism srs
post 1615294741 09-01-2020, 03:34 PM
-
#19
  1. jonmcd46
  2. Registered User
  1. jonmcd46
  2. Registered User
  3. Join Date: Sep 2012
  4. Location: United States
  5. Posts: 11,612
  6. Rep Power: 84813
The problem is that people care about retarded things, people waste so much money on upgrading an Iphone, onlyfans, netflix, etc instead of paying for chit they need like healthcare, fitness, healthy food etc.
People want something easy and luxurious, not the boring but necessary
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts