Fat, Conservative, bloviator, Rush Limbaugh, came out against that guy, Dan Price, the Seattle CEO who gave a huge pay raise to all his employees.
Limbaugh said that the move was "pure, unadulterated socialism, which has never worked." He's also hoping the company fails because he wants it to be used as a case study in MBA programs to show why socialism is a failure.
I guess Sweden, Denmark, Norway, Finland, Japan, Germany, France and many more countries like those are "failures," too. That would be strange because they're all modern, prosperous, peaceful democracies that are socialistic in one degree or another.
What Dan Price did is not Socialism, it's his business model. Calling it Socialism would be like calling sales incentives or marketing, socialism.
The owner is making an investment. He is betting on a happier, more fulfilled and motivated work staff; one that is less stressed out and ultimately more productive. The idea being, it will translate into higher sales as customers receive better service and more goodwill is generated.
It may work, it may not; but that's not the point. The point is, as a business owner he can choose whatever business model he wants as long as it's legal. Furthermore, the minimum wage has been shown to be a positive thing.
Anyway, you get the feeling these "free market" psycho-morons like Limbaugh are hoping, praying, it doesn't work because if it does then it would destroy everything they learned from their Holy Bible--Ayn Rand's Atlas Shrugged.
Dan Price aside, it wouldn't be correct to think we don't have socialism here in America because we do...big time. When banks get bailed out to the tune of trillions of dollars in taxpayers' money...that's Socialism, just don't expect Limbaugh to agree. And what about their failed business models? He'd call that free market capitalism.
An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Showing posts with label Rush Limbaugh. Show all posts
Showing posts with label Rush Limbaugh. Show all posts
Tuesday, April 21, 2015
Friday, November 29, 2013
Travis Gettys — Muslim scholar Reza Aslan: Rush Limbaugh and Sarah Palin would call Jesus a ‘Marxist’ (via Raw Story )
Religious scholar Reza Aslan said American conservatives are basing their criticism of recent comments made by Pope Francis on a “profoundly unhistorical view of Jesus.” The pontiff has ruffled the feathers of U.S. conservatives with comments suggesting…
Wednesday, November 27, 2013
Tony Ortega — Rush Limbaugh blasts ‘pure Marxism’ coming from Pope Francis’ critique of capitalism
Here it comes from the right.
Rush Limbaugh blasts ‘pure Marxism’ coming from Pope Francis’ critique of capitalism
Tony Ortega
For another view, see John Aziz, Hey, Pope Francis: Markets are the solution, not the problem at The Week.
“Somebody has either written this for him or gotten to him,” Rush said. “This is just pure Marxism coming out of the mouth of the pope.”The Raw Story
Rush Limbaugh blasts ‘pure Marxism’ coming from Pope Francis’ critique of capitalism
Tony Ortega
For another view, see John Aziz, Hey, Pope Francis: Markets are the solution, not the problem at The Week.
I don't think that the pope is opposing markets by equating markets with the type of capitalism is he denouncing as unjust and immoral. He is pretty specifically opposing the contemporary neoliberal brand of "capitalism," as in "economic liberalism (laissez-faire) is the sine qua non of democracy." Not!
Economic liberalism is the enemy of democracy in that in a democracy workers have the political means to redistribute wealth. As a result, owners of capital have to be creative in maintaining power by convincing workers to vote against their interests. Billions are spent in this endeavor, but it's a pittance compared with the ROI. The pope is saying enough is enough.
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