Free Market in a Socialist Country: is that Possible?
(Politican Stormrideron takes the stand as 200 students sits in the classroom.)
Okay, students. Today we will be discussing about Free Market in a socialist country. I hope all of you read the book that I assigned you for this week. Can anyone here tell me how is this possible? (Several students raised theit hands) Yes Siegfred?
Siegfred: A socialist country is just an economic reform to balance the wealth to make it affordable for everyone including the poor class. The rich, however still can benefit and make money through private industries. Thus, Free Marketing is possible.
Stormrideron: Very good, can someone here explain how a private industry function in a socialist country? You are up, Marcus.
Marcus: It still operates at the same level as Capitalism system, except their powers are slightly more limited in order to encourage competition beteeen the industries.
Stormrideron: Very educated answer. Capitalism is based on full free market and allows the marketing to decide the price and the cost to purchase. Moreover, this has enabled the successful owners to rise and make fortunate off their establishments. Eventually, they have grown in power and starts to monopolize by purchasing other companies that harms our economy. Less competitors means less price gauging. Can someone give an example of this? Verna, you have been raising your hand, enlight us.
Verna: Oil Companies.
Stormrideron: That is one good example. Brenna.
Brenna: Orbis Mart
Stormrideron: Good one, Orbis Mart has deliberately getting nearby food stores to go out of business by undercutting the food price. Once they go out of business, Orbis Mart jacks up their price and treats their workers like shit. That is pure Capitalism right there.
Zane: Professor Thunder, but these workers are working part time jobs. They should be expected to earn minimum wage. They should not get the same benefits as full time workers.
Stormrideron: Aha, Zane. (Walks to the stand) What you are seeing is work of Capitalism. Rich and greedy owner who wants to reap in profit by limiting the job shifts to part time only. That is one way to take advantage of that because part time job means the owner pay less to their workers. If it is full time jobs, the owner has to pay more and provide benefit. In their perspective, it hurts their business.
Marcus: So, what you are saying that part time workers should have same benefits as full time workers?
Stormrideron: No, what I am saying is that the part time workers should be paid at affordable wage so they have a place to live in. Today in most undeveloped socialist nations are struggling with creating an economic system where the wealth are redistribute to provide a fair wealth scale. No person should go hungry if he has one part time job. But if you want to have success and wealth, go for two part time jobs or one full time job. Succession is possible in socialist countries. Heck, therefore that is why some private industries are still there competition for wealth for the people who are interest in becoming among the rich class.
(Bell Rings)
Uh-oh, we ran out of time. Alright class, we will see each other next week. I have an empire to run now, so if you have any question, you can visit me in The Royalty Palace. Or you can e-mail me. I usually respond within 24 hours. Have a good week.
(Class murmuring about how great this class is)
5 Comments
Recommended Comments