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The correlation between the income of parents and their children is so high that it would take a poor family of four with two children nine to ten generations – over 200 years – to reach middle-income status.
Originally posted by 44soulslayer
Successful people are those that are taught well by their parents, given wealth by their parents etc.
Furthermore, if you read the article on Laxmi Mittal I posted above, you can see that a person can go from nothing to being one of the richest men in the world.
I admire him for that, whereas left wingers are jelous of him and want to take away his money.
A damning report on Mittal Steel's business in Liberia describes how the global steel group has been able to "use virtually every opportunity to maximise profit at the expense of a country trying to get back on its feet after enduring 15 years of bloody civil war".
Mittal Steel head office was resident in the Netherlands Antilles until December 2005, when it transferred its domicile to the tax-friendly region of Switzerland, Zug.
Similarly, it diluted the government's constitutional and legislative powers in favour of Mittal and has consequently undermined the rights of Liberia's population."
By contrast, however, Mittal has secured access to valuable iron ore deposits on extremely good terms, at the direct expense of Liberia and its people. "It is hard to believe that in signing the agreement the NTGL was acting in the best interests of the nation, and Mittal seems to have taken full advantage of this. It is important to discover what vested interests were at play when the agreement was signed," said Global Witness.
Originally posted by InSpiteOf
Or those that recognize an opportunity when they see it, much the leaders of IBM during WWII
Originally posted by gdeed
For left-wingers the only good corporation is a bankrupt corporation, or a dead one.
Had Enron moved some of it jobs overseas to avoid bankruptcy and salvaged the pension funds of it’s thousands of employees they would have been accused of moving jobs overseas and not congratulated for saving the pension funds of their employees as well as saving their jobs.
Keeping a company alive and profitable is very difficult in a world where regulations and taxations continually hammer away at companies.
Not to mentions the mood of the people who hate corporations, and bite the hand that feeds them.
Leftwing propaganda has been very affective at creating hate towards Capitalism. Marx would be proud.
Third World counties exist because of Karl Marx philosophy. Good job there Karl.
Originally posted by 44soulslayer
Yes, they may have recognised and cashed in on an opportunity. Everyone was free to do so, but only they took the actions necessary.
Again it is just driven by jelousy and envy, and illwill towards those who gambled and won.
As for Arcelor-Mittal, Im not really commenting on his business practices here.
The point was to show that supreme wealth mobility does exist in the world.
If you are trying to point out that his companies are "exploiting" the workforce then thats a different issue. Though if the workforce wanted to own their own company they should have set it up instead of working for Mittal. Nobody forced them into it. They just dont have the capability to run steel mills, and so choose to work for Mittal while simultaneously complaining that he gets all the money.
Final comment : Its a beautiful free market out there which lets anyone run their own show. The only thing stopping you is fear, inexperience and lack of vision.
Originally posted by InSpiteOf
You seem to believe that corporations have some kind of connection with the working class, they dont.
their main concern is profit for the shareholders.
Corporations move jobs oveseas and exploit cheap labour markets because it will create bigger profits for its share holders and board of directors.
Those savings from the cheap labour markets are not passed on to the working class, they are not passed on to the consumer,
So, you have no problem with corporations who receive negative tax credits (welfare from the government) while they export jobs to cheaper labour markets?
hmmm. considering corporations employ about 1% of the total workforce in the world, while controlling 70% or more of the lions share of the wealth, I dont see how being against corporate profiteering is a bad thing.
Originally posted by InSpiteOf
But that opportunity was the suffering and exploitation of others.
So, his rags to riches story is only important in the context of him getting rich; but anyone that suffered as a result is un-important?
it may exist, but it exists at the loss of hundreds of peoples lives and livelyhood. Even then, it exists in rare occaisions.
I am merely highlighting my original position, that wealth is built upon the backs of the poor.
Where is it a free market? What countries specifically?
Quite frankly, the free market exists only to those that have the capital to exploit it.
Originally posted by Alxandro
Also, this song slams homosexuals
Originally posted by gdeed
For left-wingers the only good corporation is a bankrupt corporation, or a dead one.
Originally posted by resistor
As to the whole class warfare thing, please try to understand that socialism was invented by the big money wall street PTB as a means to control you while making you think you have some power, and so keep you slaving away contentedly. What this song says about monopoly is very insightful.
Socialism, in it's traditional and true definition, means "the workers democratic ownership and/or control of the means of production"
Only the workers themselves bear the knowledge of what their own freedom and liberty means, and only they know what is best for themselves, ultimately. Advocates of the state, be they on the left, or the right, have repeatedly defined the meaning of "socialism" to mean arbitrary rule by a set of "leaders", or a political con-game in which socialism is no more than capitalism with a few token adjustments for bearability.
The socialists did not want to disrupt this technological miracle, but merely to distribute the profits of it more fairly. They observed the workers earning profits for the wealthy business owners and maintained they were being unfairly exploited. Believing the strength of the system was in its structure, they didn't want to eliminate businesses, but merely to replace the wealthy business owners with the state.
As early as 1791 Talleyrand, in France, compared the ideal society to a National Workshop. [2] In the 1820s Saint-Simon envisioned the ideal society as one large factory.[3] After his death, his followers, calling themselves the Saint-Simonians, devised a system in which all of society would be organized like a single factory and socialism was the word they chose to represent it. [4] This was the origin of socialism—the conception of a centrally-planned society run like a business.
Libertarian Socialism recognizes that the concept of "property" (specifically, the means of production, factories, land used for profit, rented space) is theft and that in a truly libertarian society, the individual would be free of exploitation caused by the concentration of all means of wealth-making into the hands of an elite minority of capitalists.
It is recognized that there are authoritarian systems and behavior, distinct from libertarian, or non-authoritarian ones. Since capitalism's early beginnings in Europe, and it's authoritarian trend of wage-slavery for the majority of people (working class) by a smaller, elite group (a ruling, or, capitalist class) who own the "means of production": machines, land, factories, there was a liberatory movement in response to capitalism known as "Socialism". In almost every case, the socialist movement has been divided along authoritarian, and libertarian lines. The anarchists on the libertarian side, and the Jacobins, Marxists, Leninists, Stalinists, and reformist state-socialists on the authoritarian side. (And liberals more or less split down the middle.)...
...Libertarian Socialism differentiates itself from "Anarchy" as a movement only in that it specifically focuses on working class organisation and education in order to achieve human emancipation from the fetters of capitalism.
Originally posted by 44soulslayer
Why dont socialists start their own companies? Why dont they build their own factories and implement their ideals of worker ownership?
The reason they dont is that they are incapable of doing so by their own weaknesses. They are not willing to take the risk, they dont have the intelligence or the acumen to make the business successful.
Originally posted by ANOK
Maybe you need to get out of your gated neighbourhood and loosen ya ties once in a while?
There's a wild world out there...
Originally posted by ANOK
Originally posted by resistor
As to the whole class warfare thing, please try to understand that socialism was invented by the big money wall street PTB as a means to control you while making you think you have some power, and so keep you slaving away contentedly. What this song says about monopoly is very insightful.
Well lol no wonder you guys are so lost. The state in some countries may have labeled themselves socialist to confuse the working class, which it did obviously as seen in this thread. Russia, China, nor Hitler were socialists, very far from it.
No, socialism came from the working class for the working class, but just like anything that organises labour is very dangerous to the wealthy. And seeing as the wealthy own the means of production, including the press, who's side of the story do you think the state through the MSM are going to portray.
If you all really new what it is you're so against you'd know this. You are against something that you know nothing about other than the twisted version the state offers you.