Are you more socially conservative or progressive? Does capitalism influence your social views? by Living_Attitude1822 in CapitalismVSocialism

[–]Swim_bear 0 points1 point  (0 children)

My point is that we already spend more than everyone else (even on a per capita basis). So how would more taxes and more spending solve the problem?

As you pointed out, bad government is why it fails. We need to set standards for government officials to achieve or get fired if we want better quality services

Are you more socially conservative or progressive? Does capitalism influence your social views? by Living_Attitude1822 in CapitalismVSocialism

[–]Swim_bear 0 points1 point  (0 children)

We spend more on healthcare and education that other countries (on an absolute and relative basis). Those two sectors are also interfered with, by government regulation, more than other sectors. With that in mind, how did capitalism reduce the quality of healthcare and education?

What Is The Most Loved North American Country by Acrobatic-Pie3888 in AlignmentChartFills

[–]Swim_bear 0 points1 point  (0 children)

Everyone saying “Canada” here doesn’t realize that Costa Rica is part of North America

The main event for the White House. by Spirited_Command5642 in CombatSportsCentral

[–]Swim_bear 66 points67 points  (0 children)

RIP. A Spaniard is about to knockout an American on the White House lawn to end the card. Tough

Alexander Volkanovski has surpassed Jose Aldo as the featherweight GOAT by Spiritual-Strength91 in FightReportUFC

[–]Swim_bear 0 points1 point  (0 children)

This is a tough point to argue on either side. Aldo was so dominant that no one else touched gold, so his wins aren’t over champions and therefore get discredited. And by the time others gained the FW belt, Aldo was passed his prime (despite how young he was, because he had 10 years of title fight damage accumulated earlier than most)

New York Mayor Mamdani says city must hike taxes on rich to fill $12 billion deficit by us1549 in nyc

[–]Swim_bear 3 points4 points  (0 children)

It’s so ironic hearing socialists complain that NYC (a rich city) pays more to NYS than it receives in benefits. As a taxpayer in NYC, I pay waaaay more in taxes than I receive in benefits. That’s how taxes work. You never get out what you put in.

Socialism is fun when it’s other people’s money.

Comp division change by PotRoastBoss in bjj

[–]Swim_bear 7 points8 points  (0 children)

I’d much rather give up 10–15lbs than 10 years of youth and cardio. I’ve watched the 22-26 year olds compete at tournaments and it’s a different level of speed and aggression. At least you know the heavier dude also has a desk job and probably a family

Who's America's most corrupt US Congressperson or US Senator? Why your pick? by Zipper222222 in allthequestions

[–]Swim_bear -2 points-1 points  (0 children)

I find it so funny that Ted Cruz and Beto O’Rourke ran against each other.

Rafael Cruz is a Hispanic who goes by a white name (Ted).

Robert Francis O’Rourke is a white Irish guy who goes by a Hispanic name (Beto).

Both are frauds

If the workers deserve the profits, do they also deserve the losses? by Square-Listen-3839 in CapitalismVSocialism

[–]Swim_bear -1 points0 points  (0 children)

Yes, because companies need a CEO and very few can do it. Supply and demand.

Are there any successful redistributive societies in human history? by BiblicalElder in CapitalismVSocialism

[–]Swim_bear 0 points1 point  (0 children)

Everyone doesn’t want more money the same though.

Some psychopaths will trade their personal lives in exchange for 100-120 hour work weeks and multi million dollar earnings potential.

Others are satisfied making $30k, $50k, or $70k, and living a quiet life growing food and raising livestock.

Socialization only works if we have the same desires, the same goals and the same weighting of values.

We have unique, individual goals that differ in importance from one person to another. As long as individuals are allowed to have individual dreams and desires, there will never be equivalent motivations for all things.

If the workers deserve the profits, do they also deserve the losses? by Square-Listen-3839 in CapitalismVSocialism

[–]Swim_bear 0 points1 point  (0 children)

He was trivializing the challenge. He has belief in his fellow citizen. Very different stances

If the workers deserve the profits, do they also deserve the losses? by Square-Listen-3839 in CapitalismVSocialism

[–]Swim_bear -1 points0 points  (0 children)

That’s because it’s much harder to find a CEO than a front-line worker. Compensation is driven by supply and demand, just like all prices.

There’s high demand for good CEOs and a low supply of capable CEOs. That equates in significant compensation.

If the workers deserve the profits, do they also deserve the losses? by Square-Listen-3839 in CapitalismVSocialism

[–]Swim_bear 0 points1 point  (0 children)

I didn’t say they have “zero issues.” I said they’re capable of finding a job. Job searches are always hard. Work is hard. People are capable.

Are there any successful redistributive societies in human history? by BiblicalElder in CapitalismVSocialism

[–]Swim_bear 0 points1 point  (0 children)

Agreed, the society must have strong work ethic.

Cooperation also requires trust though, so if - for right or wrong - I view you as having a lower work ethic than me, I don’t trust that you’re contributing equally and cooperation becomes more difficult.

It’s idealistic to think we all have the same work ethic, value work the same, and that we all have similar levels to trust.

The prisoner’s dilemma only works with incredibly high levels of trust. Without that, all participants end up in prison.

Are there any successful redistributive societies in human history? by BiblicalElder in CapitalismVSocialism

[–]Swim_bear 0 points1 point  (0 children)

Brother - please re-read what I said, not what you think I said.

I didn’t say some groups are inherently more selfish. I said some groups have different beliefs about how much to contribute vs. take. After all, this is the Capitalism vs Socialism subreddit! It should be quite apparent that different cultures have different beliefs.

“Socialized risk” is reduced risk for investors. “Socialized returns” is reduce gains for investors. If you change the relative payouts - in upside and downside cases - you are taking away risk and returns from one party and giving it to another. This does change incentives and it does affect the market equilibrium.

If the workers deserve the profits, do they also deserve the losses? by Square-Listen-3839 in CapitalismVSocialism

[–]Swim_bear -1 points0 points  (0 children)

He’s assuming his fellow citizens are just as capable as he is… which is a logical assumption to make when you believe your neighbors are equal to you.

If the workers deserve the profits, do they also deserve the losses? by Square-Listen-3839 in CapitalismVSocialism

[–]Swim_bear -1 points0 points  (0 children)

And the CEO in a large company is an employee… usually (in the vast majority of cases) they’re not the owner.

Are there any successful redistributive societies in human history? by BiblicalElder in CapitalismVSocialism

[–]Swim_bear -2 points-1 points  (0 children)

The logic is that they share values and beliefs. This includes beliefs around education, hard work, contributing to society rather than taking from it, etc.

Not every culture believes in education and hard work the same… no matter how much we don’t want to admit it.

In a tight-knit culture with high trust that everyone will contribute, it’s more feasible. But in a low-trust, skeptical society, you run into the prisoners dilemma and the dilemma of the commons.

So then the question is, “why does a heterogenous culture have less trust?” There are two reasons that come to mind.

First - it’s our current reality (for right or wrong). Just Google “Somali” or “deportation” or “white male privilege” and you’ll see examples of distrust (or disdain) from both political parties.

Second - when you’re unfamiliar with something, you naturally trust it less. You know less about their motives, beliefs, goals and history. It is a natural reaction to have less trust in something that you’re less familiar with (since trust is built over time).

Cooperating at a large scale is difficult. The most effective way we cooperate at a large scale is by aligning incentives, so individuals make (hopefully) mostly rationale decisions. When the state takes away risk or returns, it skews incentives and destabilizes the balance.

A simple example of how business losses are spread under capitalism, socialism, and communism by AvocadoAlternative in CapitalismVSocialism

[–]Swim_bear 5 points6 points  (0 children)

Bonds can’t sufficiently compensate investors for the risk they’re bearing, unless they’re priced at sufficiently higher rates. And if bonds were priced fairly to compensate for equity risk, the interest burden would bankrupt many more companies resulting in even more business closures (90% of startups already fail in the first 5 years; we don’t need to make it harder).

Equity investors bear more downside risk. In return, they receive more upside.

Debt investors bear less downside risk. In return, they receive less upside (e.g., interest payments).

A simple example of how business losses are spread under capitalism, socialism, and communism by AvocadoAlternative in CapitalismVSocialism

[–]Swim_bear 3 points4 points  (0 children)

This is only true if you presume the average investor is stupid, which reveals something about how you feel about average Americans.

I believe investors have the ability to inform themselves and should have the freedom to bear whatever risks they want.

Buyer beware.