Faults with Capitalists Lead to Regulation As long as human society places 'value' on goods and services, some form of capitalism will always be here. In a free society, however, capitalism should be heavily regulated to preserve the overall system. Capitalists, by themselves, have traits in common with royalty of the past, and royalty did not like to admit it was wrong about anything. For a few centuries before the creation of the USA, most of the capitalism in the western world was in the hands of monarchs and noblemen. Royalty was, in basic terms, capitalists who ran the government. If the subjects of the realm did not like the fact that money deals were done behind closed doors, that was too bad. The freedom in the USA gave the privilege of capitalism to the common people. Naturally, some individuals pursued wealth as a symbol of 'power', as i...
No Affluence without Low-paid Jobs 1. Certain Facts The simple truth is that education has no financial value without workers in low-paying jobs providing the income of funds. Suggesting that education, by itself, is the road to 'success' is not the entire truth. Money doesn't fall from the sky simply because a person is educated. Aside from starting a business, an educated person will join an organization, perhaps in the private sector, government or non-profit. The organization will have a method of acquiring money that will, very likely, involve the work of low-paid employees or even volunteers. 2. Examples In certain business sectors, the dependence on cheap labor is direct and obvious. An easy illustration is the business model of a fast food company such as McDonald's. For several decades, the company has raised the bulk of its income by sel...