Post-socialist capitalism in China is the new model. Why do people in America still hold on to capitalism?

Question

Post-socialist capitalism in China is the new model. Why do people in America still hold on to capitalism?

Answer 1

Please expound on the post-socialist capitalism model in China vs the capitalism model in America.  

Answer 2

Because "capitalism" is what works best for the wealthy and only 5 to 6% of this nation's population hold the wealth of this nation.  As you know, big corporations do get major tax breaks which really are given to these corporations to create more jobs---but, as of the Bush era, companies are given tax breaks to move overseas.  Allowing companies to move overseas(i.e. China, India, etc.)is part of a political scheme, designed to "help" fight poverty, but also, to relieve the U.S. from the heavy burden of owing these countries big bucks(we owe China 3 TRILLION dollars). However, instead of creating more jobs did these corporations start to pocket the profits and not create any more major jobs in the United States because they do not have to pay these foreign workers the same amount in wages/salaries as they would have to pay Americans(i.e. accounting in India costs them around 6.000 dollars a year compared to 30.000 dollars a year in the U.S.).  The CEO's of these companies are very influental in politics and pay major amounts of money to the candidates who prospectively support their needs the most.  For example, McCain wants to make those tax breaks given by Bush permanent.  Meanwhile the upper middle class, which is also influental is led to believe via brainwashing by the media that their position will suffer in a democratic rule(more taxes).  The socialist idea of allowing the government to control all major business is portrayed as kind of "disowning" business owners for the good of all, and so those people who are the major voters in addition to retirees reject the idea of a socialist oriented government.  A democracy with some socialist makeup can work very well for business and the people as it can be seen in a lot of European countries.  

The media is influential, and the media has always portrayed "socialist" as something horrible.  When it comes to health care they like to compare the U.S. system of a free market health care system with the Canadian health care system to show how "bad" this system really is.  They do not like to compare it to the health care system in France(which is a socialist, borderline communist country), or the health care system in Germany.  Both countries have an excellent system, in fact, France currently ranks #1, having the best health care system in the world.  

Capitalism, as it is, is not designed to benefit the average citizen.  It is designed to benefit the wealthy.  It used to be that these tax breaks did help the companies to create more jobs by investing the money back into their companies, but it does not look like this is still the case.  It looks now like the companies do pocket those tax breaks to earn more profits for their stockholders(i.e. Exxon made 11.68 Billion dollars in the last quarter alone).  Putting myself into the shoes of a corporate CEO do I think that I would also go for the big tax breaks promised by the republicans and not support the democrats who want to eliminate the taxbreaks for corporates.  But in the end it is the media that reports on issues which impacts the thinking and decisions of all of all.  If the media is objective it allows us to be objective, if the media is biased then we get to make biased decisions because we do not have all the information necessary to make the right decision.

I do not believe in capitalism.  I do believe that one should be allowed to make a nice profit when one is an entrepreneur.  However, entrepreneurship comes with a responsibility.  If I create a business and get major tax breaks then I do have the responsibility to use those taxbreaks to ensure that those who work for my companies are safe in their work place and that they make decent wages.  Decent wages are wages that allow the person who works for me to make it through the month without having to suffer.  Currently, companies are allowed to have people work for less than 7 dollars an hour, without health care benefits, 401K, or paid sick/vacation leave.  A person that has to work for this kind of money cannot be a good worker(because that person constantly has to worry about paying the bills).  A person who has to work 7 days a week year round will not be a good worker because that person will rather see his/her position as a "job" and not as a profession. (It takes at least 22bucks an hour nowadays to make it through the month).It is ridicoulous that the government does not want to implement laws to protect these minimum wage workers from abuse.  It is abuse if a company is allowed to fire a worker who fell ill.  It is a buse if a company is allowed to fire a worker who needs leave to take care of a sick relative(child or spouse or parents).  It is abuse if a company is permitted to neglect safety standards in favor of profits(as was the case with the mine disaster last summer that killed 9 people).  I do strongly believe that implementing a few socialist aspects like protecting workers from abuse, like providing adequate health cov

Answer 3

China's "post-socialist capitalism" is based on slave labor and is an example of the "evil capitalism" practiced in Czarist Russia just before the revolution.  The policies of the still-communist government make the evils even worse.

American capitalism is a blend of capitalism and socialism that maximizes the value of the individual.  We like not being slaves.

Answer 4

America is not a true capitalist country, that is the illusion that we sell to the rest of the world but more so to our people. At the rate that American corporations rely on government bailouts and welfare, no one in their right mind could describe the American economic system as Capitalist. It is only capitalist when it is convenient to be.

Answer 5

The Chinese are not socialist they are just "hyper capitalist" ..& esclavagist...their red flag make me laugh their country has nothing to do with justice for all anymore...

Answer 6

So, you prefer to ride a bike to work every day?

Answer 7

whoa dude, i don't know what you consider to be post-socialist, but the capitalism growing in china is more scary than the capitalism in the states.

the fact is that china is rife with corruption and the country's capitalism (as well as our own) is taking a massive hit on the environment.  as well, this new found capitalism is not shared by the majority of chinese.  people's labor is still exploited, and many chinese will not have an opportunity to be winners in the capitalist system just by sheer virtue of where they are born in the country, or how much money they have.

and, if all chinese people obtained this new capitalist model, the world would not have enough resources to sustain it.

the chinese economic model is a time bomb.  but then again, so is the regular capitalist one.

Answer 8

because they can.

Answer 9

Model for what? they are still communists they still let their people live in abject poverty,they still believe in infantcide, any one who believes in God is arrested and put in prison for months and months, there is no freedom of anything in that country. Just because they have factories and a few modern buildings you think they are a model of the future? they will collapse in the next 5 years. just like Russia, and as soon as Castro's has his funeral Cuba will be free too.