Reply to post: Capitalism? Corporatism? Kleptocracy? Education?

Raising minimum wage will raise something else: An army of robots taking away folks' jobs

Anonymous Coward
Anonymous Coward

Capitalism? Corporatism? Kleptocracy? Education?

What's this capitalism of which you speak? Neither the US nor the UK have had capitalism for a few decades. They've got corporatism with added kleptocracy.

http://www.economicpolicyjournal.com/2009/11/explaining-difference-between.html

If there'd been capitalism, then e.g. the failed US auto industry wouldn't have been rescued by the TARP program, and the UK casino banks would have been allowed to fail (leaving the lower risk retail banks still surviving - if there'd been any).

"explaining that paying fortunes to footballers (by paying silly money to watch sport on TV) also, "celebrities" and "pop idols" is the reason why you have no pension and can't afford medical care (including can't afford the NHS in the UK)"

Interesting. Where can people read about that then? Of course, it'd be grand if they already understood it, but an education system that produced people who were readily able to follow concepts like that would probably not produce the readily malleable wage slaves that are required to sustain the wants of the 1%.

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