It is not Socialism versus Capitalism

[winnipegjets]

Right-wingers always frame the issue as Socialism versus Capitalism

It is not. Progressives do not believe in socialism but they do believe that the Social Democracy Model as practised by the Scandinavian countries will address the problems of this country.

Even the super rich are not recognizing that now. Of course, most of the greedy bastards of the right still want it all.

https://www.cnbc.com/2019/04/04/jp-morgan-ceo-jamie-dimon-needs-of-many-americans-not-being-met.html

Jamie Dimon: 'The social needs of far too many of our citizens are not being met'

• In annual letter to shareholders, J.P. Morgan CEO lists woes faced by increasing swaths of U.S. population.
• "No one can claim that the promise of equal opportunity is being offered to all Americans through our education systems, nor are those who have run afoul of our justice system getting the second chance that many of them deserve," Dimon says.

America is the richest country in the history of the world, but stagnant wages and lack of opportunity have left too many behind, J.P. Morgan Chase CEO Jamie Dimon said in his annual letter to shareholders Thursday.

"Forty percent of American workers earn less than $15 an hour, and about 5% of full-time American workers earn the minimum wage or less, which is certainly not a living wage," Dimon wrote. "In addition, 40% of Americans don't have $400 to deal with unexpected expenses, such as medical bills or car repairs."

Dimon has made similar comments recently as he touts efforts by his bank to help reverse the tide of inequality. J.P. Morgan announced a $350 million job training effort for underserved communities last month. Last year, the bank unveiled a $500 million effort to revitalize cities.
In a section of his annual letter titled "The American Dream is alive – but fraying for many," Dimon listed the problems and then went on to prescribe a path to making improvements.

"No one can claim that the promise of equal opportunity is being offered to all Americans through our education systems, nor are those who have run afoul of our justice system getting the second chance that many of them deserve," Dimon said. "Simply put, the social needs of far too many of our citizens are not being met."

 

[syed putra]

This is simple really. Yiu make bigger margins making products for the rich than for the poor.
Those who can afford, buy smaller mercedes or bmw's rather than a bigger toyota if price is about the same.
The guys that used to make affordable products have also moved upmarket. Like huawei and vivo. Thus leaving a huge void in the affordable segment which nobody wants to go in.

 

[Leongsam]

Right-wingers always frame the issue as Socialism versus Capitalism

It is not. Progressives do not believe in socialism but they do believe that the Social Democracy Model as practised by the Scandinavian countries will address the problems of this country.

Even the super rich are not recognizing that now. Of course, most of the greedy bastards of the right still want it all.

https://www.cnbc.com/2019/04/04/jp-morgan-ceo-jamie-dimon-needs-of-many-americans-not-being-met.html

Jamie Dimon: 'The social needs of far too many of our citizens are not being met'

• In annual letter to shareholders, J.P. Morgan CEO lists woes faced by increasing swaths of U.S. population.
• "No one can claim that the promise of equal opportunity is being offered to all Americans through our education systems, nor are those who have run afoul of our justice system getting the second chance that many of them deserve," Dimon says.

America is the richest country in the history of the world, but stagnant wages and lack of opportunity have left too many behind, J.P. Morgan Chase CEO Jamie Dimon said in his annual letter to shareholders Thursday.

"Forty percent of American workers earn less than $15 an hour, and about 5% of full-time American workers earn the minimum wage or less, which is certainly not a living wage," Dimon wrote. "In addition, 40% of Americans don't have $400 to deal with unexpected expenses, such as medical bills or car repairs."

Dimon has made similar comments recently as he touts efforts by his bank to help reverse the tide of inequality. J.P. Morgan announced a $350 million job training effort for underserved communities last month. Last year, the bank unveiled a $500 million effort to revitalize cities.
In a section of his annual letter titled "The American Dream is alive – but fraying for many," Dimon listed the problems and then went on to prescribe a path to making improvements.

"No one can claim that the promise of equal opportunity is being offered to all Americans through our education systems, nor are those who have run afoul of our justice system getting the second chance that many of them deserve," Dimon said. "Simply put, the social needs of far too many of our citizens are not being met."

There is loads of opportunity in the USA but the problem is the losers of society just sit back, get stoned and then expect opportunity to fall into their laps.

When it does they then do absolutely nothing to take advantage of the opportunities presented to make a success of their lives.

You cannot blame any government for that it is entirely their own fault.

 

[Asterix]

If people want to "help the poor", they should do so with their own money and not resort to using daylight robbery aka taxes to force other people to cough up their hard earned money on the pain of going to prison for the "crime" of evading taxes which are used to fund useless government bureaucracy and transfer payments to the ungrateful who will demand even more for doing nothing ... .... all in the name of fxcking "social justice":