Which economic system is more stressful to live in?Posted by: leonitus2464
15 Total Votes
"Competition is stressful" has got to be the worst logic I have ever heard. What layman commoner worries about competition? I would understand if your entrepreneurs but the odds are you are not and if you are not there is no competition for that piece of bread. The "competition" relative to job placement is global and present regardless of economic system.
Capitalism is hard for a worker, wages are often low for lower end jobs. Many of which is not even " Livable " on. Colleges often led by drive of personal profit also is stressful.
Then there isn't a guarantee to get a job after college, leaving people with load debt ( To go to such college ) and no way to pay it.
What you're referring to has nothing to do with Capitalism and has everything to do with American Corporate Economics. That's not a global phenomenon and it isn't relative solely to Capitalism either. Capitalist concepts do not at any point suggest or encourage promoting poverty and furthermore socialism does not necessarily prevent poverty for the same exact reason you listed; you've got a bunch of people, a bunch of entry level jobs, an uneducated workforce, and now a two-step standard to live by where you control the price of goods (thus lowering capital and taxes to collect) and the minimum wage (thus lowering capital and taxes to collect) which produces an almost crippled system where highly skilled workers such as doctors, engineers, and lawyers get paid a fraction of their capitalist / privately owned counterparts due to this happenstance.
The second portion is the same, it's not limited to Capitalism, you are not guaranteed a job anywhere on the planet. That's just not how it works.