CAPITALISM THEN & NOW
(For Educational Purposes)
Strange, I don’t recall seeing the part where it says that in order for the industry to function, the CEO’s must be paid at a rate 325x their workers (as opposed to the 25x when this cartoon was made). Or the part where it shows how unions have “destroyed” the industry. Or the part where it demonstrates that if they begin to fail, they can be assured of receiving trillions of dollars in bailouts paid for by the taxpayer, who are often their workers as well.
What’s REALLY funny is that this cartoon was made at a time in American history that the right gets all nostalgic about; when things were “the way they SHOULD be”.
“A manufacturer who sticks to old equipment cannot compete and must fail. To survive, he must persuade people to risk savings in his business. He can then buy new equipment, increase production and show a profit”
“And he keeps the profit!”
“Oh nooo, that’s what a lot of people think, but he doesn’t! Out of profit, he must pay dividends to investors. Profit must be put back into the business to buy newer and better machinery.”
“Spend his profit on machinery? When does it all end?!”
“It NEVER ends! Constant replacement with the latest machinery makes the industry more efficient! Thus enabling it to pay higher wages and STILL make a profit. This efficient operation also results in more goods of better quality and produces them at a lower cost to everyone!”
“By thunder! If that’s the way it’s done, then I’LL do it!”
- raisedbyjackalopes posted this