Quote legaleagle at 14 Aug 2015 6.20pm
Quote leggedstruggle at 14 Aug 2015 5.13pm
It is in the interests of companies to develop new products that people want so they do research and develop. If they produce goods that do not last, people will stop buying them. If they produce a new model of something that people prefer, they will buy it and perhaps give their old model to someone who wants it. Contrast this with the one model of car available in Soviet Russia, the empty shelves and other shelves stacked with goods nobody wants – produced because some 5 years plan said people would want them.
I would not describe uncontrolled immigration as free market. It is a political policy – another great ‘plan’ of the pseudo-socialist EU. It works against what would be normal free market activity if the workforce were indigenous, organised and received decent wages. I do agree that the Capitalists do take advantage of this and exploit the cheap labour, the answer is to stop uncontrolled immigration.
I think ‘trickle down’ works compared to socialist countries, peoples’ standard of living in general gets better over the years in Capitalist countries – the reverse in Socialist countries.
Certainly monopolies are a problems and cartels and there is a role for governments to mitigate their effect. However, it is still possible for new enterprises to challenge monopolies; look how Dyson shook up the vacuum cleaner market, how Betfair challenged the big bookies, peer to peer lending taking business from the banks. In Socialist economies the only choice you have is the state offering – usually inefficient and poor quality.
Small businesses such as a greengrocers can be destroyed by a supermarket opening nearby. But the good ones find a niche and provide a service and quality that the supermarket cannot match. The state run greengrocers of course would sell stale goods, have shortages and not really give a damn about customer service or what the customer wants.
People in Capitalist countries choose to take out a student loan or a mortgage – they can choose to buy their own property. People in Socialist Russia were are allocated a flat in a concrete tower block – those that were not literally enslaved, of course, in some forced labour camp.
There is no reason why uncontrolled immigration is a political policy as opposed to being a free market in operation.The political policy may (and usually is) simply a mechanism or reasoning for bringing a freer market in labour into (greater) existence.
As an example,the immigration into the UK of EU nationals precisely reflects the broadening of such a free (freer) market in the supply of/demand for goods services and labour from one operating within the UK to one which is more EU wide.Free market capitalism in action,not "pseudo-socialism".Tariffs and import/export controls by states on goods ,services and labour,reduce the free market.That's why lifting them more was known as "free trade".
A poster may be opposed to immigration but it is difficult to argue that having no immigration controls (which very few on here accused being in favour of have ever actually advocated) would not lead to a broadening of a free market in relation to labour.
Unrestricted immigration doesn't work against a free market at all.In a free market,wages reflect supply and demand. Restricting immigration is anti-free market. The solution to low wages is a higher minimum wage and enforcement of it,which again is a restriction on a "free market".
You spoil an otherwise interesting post by not being able to resist a prejudiced "one-sided" pop at the end.People in various regimes have ended up in labour camps.Not something to be admired,wherever it happens/happened.Think Stalin,think Hitler,think Franco.Think quite a few non "socialist" and "socialist" others.To think it is a uniquely "socialist" thing that is a uniquely automatic consequence of "socialism" is simply factually wrong.As a random further example,"we" worked about 20,000 "Africans" to death in forced labour camps in S Africa at the time of the Boer war.I was not aware the UK was a socialist rather than a capitalist country at the time.
You seem to reject free market philosophy apart from having a free market in the movement of people. Your 3rd paragraph, I think says there should be some immigration controls. I say 'think' because it is difficult to understand your verbose cuttlefish-ink wording. If you do want some controls, why do you want them and what problems do you think are caused by having no controls? Comparing casualties in the Boer War to the mountains of corpses generated by the communist regimes is like comparing a dripping tap to the fractured water main.