This is to all you socialists out there who like to bring up corporate greed in your rants against capitalism.
Some people say that greed involves possessing more money or goods than "required", while others have much less of those goods.
-Let me see if I get this right. They think, that everybody should only have as much money/cars/Lego blocks/other nice things, as they deem "required"? Who are they to decide how much is the required quantity/number for an individual? I guess they could also relate to this quote: "From each according to his means to each according to his needs", right? I'm sorry, but that's socialism. Socialism is what creates poverty- it makes everybody equally poor. Now, capitalism has given countless people jobs, it's cut poverty in India by half in the last 20 years, and has given you countless cars, computers and mp3 players to choose from. It's also given you a chance to be successful if you work hard enough. That's right, if you come up with a great idea, like Bill Gates did, and you serve your fellow men by turning that idea into a good they can aquire and it makes their lives better/easier, why shouldn't you be paid a lot for that? Profit is essiential in the market. "Profits signal to the producer what the economy needs the most at the time. It prevents misallocation of recources in the economy" (I paraphrased Lee Doren, chair of the Bureaucrash istitute). Therefore, if a company gets big profit, that means that they've served their fellow men and they deserve that profit.
I'm NOT talking about the government subsidizing an industry or obtaining money through fraud. Subsidizing by the government excludes competition from the market. And it's competition that improves the quality of goods and lowers their price.
Now, let's say you tax Microsoft through the roof to "redistribute their wealth"-as a result they lay people off, the price of software goes up to the point where you can no longer afford it, the company moves out of your country and other businesses follow suit and lay people off too, so they don't get taxed as well. A lot of people don't realize that being wealthy (thanks to the free marker) does not equal being greedy- it's called being successful- and everybody can have a shot at success.
Some people say that greed involves possessing more money or goods than "required", while others have much less of those goods.
-Let me see if I get this right. They think, that everybody should only have as much money/cars/Lego blocks/other nice things, as they deem "required"? Who are they to decide how much is the required quantity/number for an individual? I guess they could also relate to this quote: "From each according to his means to each according to his needs", right? I'm sorry, but that's socialism. Socialism is what creates poverty- it makes everybody equally poor. Now, capitalism has given countless people jobs, it's cut poverty in India by half in the last 20 years, and has given you countless cars, computers and mp3 players to choose from. It's also given you a chance to be successful if you work hard enough. That's right, if you come up with a great idea, like Bill Gates did, and you serve your fellow men by turning that idea into a good they can aquire and it makes their lives better/easier, why shouldn't you be paid a lot for that? Profit is essiential in the market. "Profits signal to the producer what the economy needs the most at the time. It prevents misallocation of recources in the economy" (I paraphrased Lee Doren, chair of the Bureaucrash istitute). Therefore, if a company gets big profit, that means that they've served their fellow men and they deserve that profit.
I'm NOT talking about the government subsidizing an industry or obtaining money through fraud. Subsidizing by the government excludes competition from the market. And it's competition that improves the quality of goods and lowers their price.
Now, let's say you tax Microsoft through the roof to "redistribute their wealth"-as a result they lay people off, the price of software goes up to the point where you can no longer afford it, the company moves out of your country and other businesses follow suit and lay people off too, so they don't get taxed as well. A lot of people don't realize that being wealthy (thanks to the free marker) does not equal being greedy- it's called being successful- and everybody can have a shot at success.
The nonsense of "corporate greed" is somewhat addressed in this great video:
It's an American video, but the message could (more or less) apply to all western countries nowadays.
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