I should have known getting involved in Chamber discussions would elevate me to the next level in discourse.
Are those charities planted in vacum or interwined with the society and all of its aspects? What sort of progress you are talking about?
Is the free market planted in a vaccum, or is it intertwined with regulations and social programs that are orchestrated contrary to the concept of free enterprise?
Some are willing to work more and some less this way. Human nature is complex.
Human nature is complex, but my point is that there are people who are willing to work for charities and not for profit. There are also people who follow Kim Jung Un as the supreme ruler of North Korea.
It is not unfathomable that you could have a community (or a nation) of people willing to work for the community. There are already such people. And people act primarily in a way they were raised (see aforementioned examples about Kim Jung Un and other ideologies).
Please provide a citation for this. It sounds like propaganda to me.
I left all my old philosophy (and other) textbooks at my parent's place. I might also be paraphrasing it wrong. I can write down the name and author of the book if you really want next time I'm there.
But the entire thesis of capitalism is that even if wages are not equal, the standard of living increases for everyone. In addition, supply and demand dictates the worth of one's work. If there are already numerous artists for example, more than needed, then artistic skill is no longer a valuable resource. Nobody is looking for an artist, so an artist's work will be rewarded according to its value - pretty much nil. Thus, the contribution to society is dictated by supply and demand to allocate resources where they are most useful.
This is why I found that realization ironic. Capitalism essentially rewards profits to ventures that are deemed most useful to society. It rewards fewer profits to those that aren't needed (e.g. saturated). Thus, profits are awarded based on the value of a contribution. Communism seeks the same thing, but looks inwards towards the worker as well much more specifically. Capitalism does that as well, but to a lesser focus.
Capitalism might pretend to be "operating for the benefit of all of society" but observation and analysis prove the opposite to be true. The benefit to the rest of society is incidental. Capitalism is all about procuring wealth for privileged individuals, and creating structures to protect that privilege.
No, capitalism is about awarding profits to individuals who improve society through producing needed and "demanded" goods. One consequence of capitalism is the accumulation of wealth. Unfortunately, in a capitalistic society, wealth is power. You can literally buy people's time with it, resources, and so on. When power becomes concentrated, corruption and greed become difficult to dethrone. We've seen this in numerous dictatorships.
Thus, we can conclude that capitalism has failed in establishing an efficient and equitable society.
Now, what it's claimed that free markets do is to allocate supply to perfectly satisfy demand. But that's a pretty out of date concept in itself, which only the descendants of the original believers in that tenet, the classical liberals, still believe. It should be readily apparent that markets do not function this way: they benefit the largest producers, the best marketers, and the best planners, when all that is put together. The best product doesn't become the most popular, the cheapest product is not always the most reliable, and buyers are not influenced solely in their purchase by the rational weighing of all the pros and cons of a product before purchase.
Homo economicus is a lie.
Indeed.
I thought you just said that capitalism distributes wages according to contribution?
I'm too lazy to go back and re-quote myself, but I'm pretty sure I said capitalism
aims to distribute wages according to contribution. It fails miserably in this regard no less than the USSR failed to establish actual communism.
It's not a problem that can be solved within capitalism, so any answer I give you will only seem ridiculous. First, it's not up to me to decide how much you deserve, it's your fellow workers. But if you impoverish others so that you can have more than them, then that's unfair. In a system that rewards people based upon their contributions, this would seem commonplace.
In my opinion, you start becoming bourgeois when your material interests begin to lay with the capitalist class and order, and not with the working class and future proletarian order. If you decide that you stand to lose more than you'll gain by the changing of the system, and you're not okay with that, then you are bourgeois. In my opinion.
Damn. I'm too altruistic for it then
My only purpose of seeking wealth is to utilize it in a way that best benefits society.
Economic returns are not the same as social returns. The two do have a lot of intersections. In the sense that economic returns pay my wages and the taxes that support government services. But on the whole the relationship isn't 1-1 and in some cases economic returns might actually harm social returns. For example, when firms in China dump toxic waste in drinking water. From the perspective of the firm its a win because it saves a tonne of cash, but for everyone else? *shrug*
Externalities is indeed an apparent "oversight" failure of capitalism.