Minimum wage is socialism

You cannot earn enough at minimum wage for shelter, food, healthcare, and schooling.

Any economic system used by humans will get exploited

you mean working in a factory

@Omsomething, agreed. ANd no. Minimum wage is not capitalism; neither is Federal Banking

yes

bring back child labor

You'd need two jobs, at least, full-time.

No, minimum wage is an intervention in the market. It's neither socialism nor capitalism

What is labpr

@Omsomething, we haven't had capitalism in over 50 yrs

your mother gay

This is the point a lot of people are talking about "socialism bad!" and then stating "people can get education with their minium wage!"

Although I am an advocate of not allowing inheritance

capatalism has bright more people out of poverty than any other system

Sheesh

@Deleted User no u

The United States doesn't have capitalism? What are you talking about? The US is ranked 15th of over 200 nations in economic freedom

It has capitalism

I saw that @Deleted User

@LotheronPrime, true; but even the best system could stand some improvement overtime

It has capitalist systems, yes. Currently, however, there are problems that have arisen.

The US is nominally capitalistic, but not entirely so. There are interventions in the free market

i.e., a mixed economy

And what’s a better system @Maw ?

school is supposed to teach people how to think and yet nowadays it is just indoctrination

My main point is: People should define what they mean when they say "hurdur socialism bad!" better.

No better system, but there are better ways to implement certain things. Some things need regulation and the like.

@LotheronPrime I.e. teaching what to think instead of how

safety nets are good

Pinko

@Grant, the US has no such thing; it is 'neo-capitalism' where the interest rate is artifically held low and people HOARD capital rather than if they do nothing, they LOSE capital

do you think elon musk is hoarding money? Or really anyone on wallstreet?

Bring back the monarchy

They're investors

democracy was a lie

They invest capital

minarchy

Elon is just one dude though

@Grant, the mOMENT you manipulate the interest rate, you have underminded the market mechanism

US stock market cap is currently 137% of GDP, so yeah there's definitely significant investment in the economy