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Old 10-06-2009, 01:04 PM
  #41  
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The movie to me wasn't a political push for dem or rep, it was a simple analysis of the disappearing middle class, which is happening, how real people are losing their homes, and how company's are profiting off of other peoples misfortune.

Which is why I think everyone should see it since all it favors is the working class. The more informed everyone is, the smarter decisions we can all make.
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Old 10-06-2009, 01:06 PM
  #42  
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Originally Posted by bryris
The union can't just demand a certain level of pay or we'd all have it. The market is the market. The union does curtail things a bit, but it is still the result of supply/demand. There is a reason that all the regionals' first year pay are grouped around the 22-25/hr mark - that is what the market demands. In fact, in the current economy, I'd bet a slew of the furloughed guys would work for even less. Unemployment is running out, etc.

Pilot unions have been around for a long time now. Had they been doing their job in the world you describe, we'd all be getting paid much better right now.

Lastly, pilots do like to complain a lot. I haven't figured out what it is all about entirely. Even line holding FOs at majors complain about their six figure incomes. There aren't many other industries where you can merely be an employee (not holding a material ownership interest) and pull in over 6 figures. But the route to these jobs is getting longer and longer and longer and the total return on the career path is dropping.
If it wasn't for the RLA we would be paid higher wages. There is no true free market system for airline employees, the airline industry is a product of corporate socialism. Until we are given a fair chance to negotiate our contracts and have the right to strike (which is where our leverage comes from) capitalism should not be discussed because it is not present in our industry. $22-25 an hour is not what the market demands, acceptance of this by guys like you makes it tougher for the rest of us to progress. The system is rigged, bring on the free market and lets see who really has the power.
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Old 10-06-2009, 01:14 PM
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Originally Posted by Lab Rat
There tends to be a lot of "capitalism bashing" now as compared to five or ten years ago. Why is that? Perhaps because most people find capitalism just fine when they are doing just fine, but when things are not going the way they want, then most are quick to label capitalism as "evil". Here are my thoughts per this thread.

First, Michael Moore is most certainly a hypocrite. He criticizes capitalism for his perceived view of the system "exploiting" the little guy and gaining profitably in the process. Hmm, what is Michael Moore doing? He is profiting quite nicely by exploiting that same little guy for the sole purpose of a "documentary" about why capitalism is bad. Did it ever occur to Michael Moore that he is able to produce the films he does because of capitalism?

And how is the "little guy" who is victimized by "evil" capitalism being helped by Moore's film? Capitalism has benefited Moore very, very well. Just look at his waistline and it is easy to see he has no trouble putting food on his table.

Second, unions exist because of capitalism. How many powerful and successful unions do any of you see in Russia or China? Be careful what you wish for, especially if you think you want the government to come in and set the wages for you.
I don't called it exploiting, he has employees himself and practices what he preaches. He is benefiting from hard work and putting out a product that people are willing to pay for. What he argues against is what capitalism, as defined by politicians and CEOs, is not really true democratic capitalism that they advertise to the American people. Why so many people buy into the thinking that they aren't, or someday will move out of, part of the dying middle class is beyond my comprehension. Union busting, deregulation, excessive debt on all levels are some of the biggest contributors to the decline in America and the people eat up the garbage that this system is good for us.
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Old 10-06-2009, 01:18 PM
  #44  
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Originally Posted by cybourg10
$22-25 an hour is not what the market demands, acceptance of this by guys like you makes it tougher for the rest of us to progress.
You obviously don't know me.
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Old 10-06-2009, 01:18 PM
  #45  
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Originally Posted by sinsilvia666
The movie to me wasn't a political push for dem or rep, it was a simple analysis of the disappearing middle class, which is happening, how real people are losing their homes, and how company's are profiting off of other peoples misfortune.

Which is why I think everyone should see it since all it favors is the working class. The more informed everyone is, the smarter decisions we can all make.
I don't disagree with you that his film favors one political party over the next. What I honestly believe is Moore saw an opportunity and seized it. I don't find that a bad thing, as the free market encourages us to do so and nobody forces anyone to buy or not to buy a particular product or service.

it was a simple analysis of the disappearing middle class, which is happening
But is it an accurate and honest analysis? As I see it, the shrinking of the middle class is attributable to two things: higher taxes and inflation. The government raises taxes and institutes new ones which puts less money in people's pockets. When more money is printed, inflation will cause prices to increase. Solution? A true stimulus by lowering taxes will put more money in the private sector, stimulate the economy, and thus grow the middle class.

how real people are losing their homes
Some people do lose their homes for very legitimate reasons - loss of income, illness, etc. However, most are losing their homes because they couldn't afford them in the first place. The market is simply doing what it is designed to do. What a lot of people are not looking at are two things: first, approximately 5% of the mortgages out there are in foreclosure. Second, home prices are down considerably which makes this an excellent market for those who can afford to purchase a home.

company's are profiting off of other peoples misfortune.
I am not going to say that all companies are immune from evil business practices. However, and this is where I can pinpoint Moore's hypocrisy, Michael Moore is profiting off of other peoples misfortune when he produces a film about businesses profiting off of other peoples misfortune. In other words, the pot calling the kettle black.

The more informed everyone is, the smarter decisions we can all make.
Assuming everyone is accurately informed.
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Old 10-06-2009, 01:35 PM
  #46  
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Originally Posted by cybourg10
I don't called it exploiting, he has employees himself and practices what he preaches. He is benefiting from hard work and putting out a product that people are willing to pay for. What he argues against is what capitalism, as defined by politicians and CEOs, is not really true democratic capitalism that they advertise to the American people. Why so many people buy into the thinking that they aren't, or someday will move out of, part of the dying middle class is beyond my comprehension. Union busting, deregulation, excessive debt on all levels are some of the biggest contributors to the decline in America and the people eat up the garbage that this system is good for us.
I don't called it exploiting
Noted. Exploiting was probably too harsh of a term.

He is benefiting from hard work and putting out a product that people are willing to pay for.
I will agree with this. I don't agree with what he preaches in his films, but he is putting a product into the free market and anyone who buys a ticket is willfully purchasing a ticket. That is capitalism and I say more power to anyone willing to partake in it. The success or failure of such product or service will be dictated by how many people are willing to open their wallets for it.

What he argues against is what capitalism, as defined by politicians and CEOs, is not really true democratic capitalism that they advertise to the American people.
I do agree with some of what you are saying here. In a previous post I did state that all companies are not immune to evil and deceitful business practices - that is just a simple part of human nature. But, I feel Moore does paint with a wide brush stroke and many people who buy into his logic do come away with a true anti-capitalist mindset.

As far as "defined by politicians and CEO's", I think more so by the politicians. In a true market, with very little government interference (I don't mean lack of regs), unions would have the freedom to strike when deemed necessary. This is a capitalism tool as it allows both sides to bargain - negotiate with us until we agree or we withhold our services until you do. Eventually a balance is struck.

excessive debt on all levels
Debt is not good on any level. As far as personal, I do believe that each person is 100% accountable for their own debt. Managers of a business are not exempt either. Debt is risk and says one is betting that they will pay off the debt before the money runs out. Works for some but not for others.

and the people eat up the garbage that this system is good for us.
I think the term "garbage" is totally subjective in this context. The individual who migrates to America with no money, is able to open up a business and become a millionaire within 5 years would probably disagree with you. The system, as imperfect as it is, has worked for me and is much better than any type of socialist system. A big reason for that is because I know the only person looking out for me is me. While I am far from being a millionaire, I am very self-sufficient due in large part to capitalism and my attitude of not relying on anyone else for my own well-being. I'm not bragging, and I apologize if I sound like I am, but just wanted to share my reasons for why I feel like the system is the best system we have.
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Old 10-06-2009, 01:36 PM
  #47  
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Haven't seen the movie yet, but will. It would have been useful if he had mentioned that we are subject to the RLA and that's one reason we can't strike for living wages... Moore is very pro-Union and I'll bet that he might not have known about the relationship of the airlines to the RLA or he might have mentioned it.

I have written my congressman and asked him why we have to (1) be subject to the RLA and (2) if it might not be time to change our subjugation to our corporate masters via that arcane bit of legislation either through a rewrite or just letting us be like any other Union employees in the US.

in RE Congressman: crickets.
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Old 10-06-2009, 02:03 PM
  #48  
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Originally Posted by Lab Rat
I think the term "garbage" is totally subjective in this context. The individual who migrates to America with no money, is able to open up a business and become a millionaire within 5 years would probably disagree with you. The system, as imperfect as it is, has worked for me and is much better than any type of socialist system. A big reason for that is because I know the only person looking out for me is me. While I am far from being a millionaire, I am very self-sufficient due in large part to capitalism and my attitude of not relying on anyone else for my own well-being. I'm not bragging, and I apologize if I sound like I am, but just wanted to share my reasons for why I feel like the system is the best system we have.
Perhaps garbage was too broad of a term, or I didn't specify what part of the system is garbage. What you have done, being self sufficient, working hard, making the right moves at the right time is true capitalism and I applaud you for your success. The garbage part is when a large bank takes excessive risks for short term profits and them comes crawling to the tax payer for a bailout when their bet doesn't pan out. The garbage part is when the top 1% now has more than the bottom 95% and implements predatory lending practices to the middle class, while at the same time taking away our power to unionize and strike. The banks have gotten too big and now they control EVERYTHING. I love true capitalism and I can't wait for the day when we actually have it here in the USA. The system is rigged.
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Old 10-06-2009, 02:09 PM
  #49  
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Originally Posted by robthree
The current economic crisis reminds me of high school American history. After the Civil War and Reconstruction, but before WWII - does anybody else remember it? Most people find history boring, and this period was possibly the most tedious of them all. No battles, no great social changes, just a repetative pattern of economic booms and busts. And a constant search for a means to control them. The gold standard, the silver standard, soft money, all were ultimately failed efforts to bring a semblance of order to a chaotic economic system.

It really wasn't until the Great Depression that a framework of a powerful central bank was created with enough leverage to push or pull the economy in roughly the desired direction. And a safely net was set up to catch some of those who could no longer provide for themselves.

If you build a powerful engine, but provide no mechanism to control its fuel flow what happens? It accelerates to its maximum capacity then burns out. The same thing happens in an unregulated economy. The history of Capitalism is nothing - nothing at all except a series of booms and busts. Long uninterrupted periods of steady growth are as alien to unconstrained capitalism as they are to 'perfect' Communism. The regulations put in place from the 30s to the 70s were dismantled from the 80s onward... and the biggest boom and the biggest bust ever followed in this decade.

So, in much fewer words, Capitalism requires strong regulation to work properly, in the broad interests of the many, as opposed to the narrow interests of the few. Without it you've got a high performance rocket engine, with a nasty habit of blowing up in your face.
Nice post. Up until this recent downturn the PHDs over at the Fed thought they had pretty much solved the boom/bust cycle. Just goes to show you humans will always get too excited when its good and too depressed when its bad (which is why smart regulation is necessary).
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Old 10-06-2009, 02:16 PM
  #50  
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Originally Posted by cybourg10
Perhaps garbage was too broad of a term, or I didn't specify what part of the system is garbage. What you have done, being self sufficient, working hard, making the right moves at the right time is true capitalism and I applaud you for your success. The garbage part is when a large bank takes excessive risks for short term profits and them comes crawling to the tax payer for a bailout when their bet doesn't pan out. The garbage part is when the top 1% now has more than the bottom 95% and implements predatory lending practices to the middle class, while at the same time taking away our power to unionize and strike. The banks have gotten too big and now they control EVERYTHING. I love true capitalism and I can't wait for the day when we actually have it here in the USA. The system is rigged.
Thank you for taking the time to clarify your thoughts, I agree with and applaud your sentiments.

Something I think needs to be changed is the "fine print" on a lot of documents. I think all of the print should be large font and clarified in plain English. A lot of people who make poor choices with regards to money usually do so because of the fine/small print.

I love true capitalism and I can't wait for the day when we actually have it here in the USA.
Me too.
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