Thread: The future of the industry
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Old 07-25-2013 | 01:18 PM
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Sunvox
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Definition of capitalism (n)

Bing Dictionary
capˇiˇtalˇism
[ káppit'l ězzəm ]

  1. free-market system: an economic system based on the private ownership of the means of production and distribution of goods, characterized by a free competitive market and motivation by profit.




I, for one, think most Americans would be loathe to give up weekends, holidays, paid vacation, unemployment insurance, disability insurance, and a whole host of other benefits all of which came from the hard work of union organizers that worked under threat of death to themselves and their families during the late 19th and early 20th centuries. Not until Milton Friedman came along in the late 1970s did we, as hard working Americans, think that profit motivation should surpass all other considerations. Today even the lowly ERJ pilot will espouse a capitalistic mantra that market economics are the savior of the world, and unions are the devil's own spawn. Do you really WANT to work like a dog and have no respect from the managers or do you just think that that is your only choice because if you don't someone else will?
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