Quote:The government doesn't need to tell businesses how much profit they can make, the government just needs to break up the mega corps so that there are a lot of players in every market.

 

Beyond that, though, the prices won't get out of hand because they have to actually sell product. There's a point of equilibrium, and businesses would find it. Competition and labor/wage laws would keep them honest.

 

As an aside recall when Papa John said he'd have to pass on 14cents per pizza to customers in order to provide health care coverage for people working in his company?

 

Literally around 1% of the cost of a large pizza with decent toppings.

 

I agree with breaking up many of the mega corporations, but that still doesn't eliminate the problem.  Small businesses will still have to keep the same profit margin even more so than mega corps just to stay afloat.  If you increase the wage, small businesses, many of which are operating at almost even as it is, must pass the costs on to the consumer.  

 

There are zero ways in which you can eliminate the poor and impoverished in a capitalist society.  The only financial system that does that is socialism.  However, in a true free market capitalist government with minimal regulations, your country's poor are richer and live a higher quality of life than any other country's poor.  Our country's poor still have a better quality of life than any other country in the world's poor.  If the free market is allowed to go unfettered, than the quality of life will continue to increase.

 

Inevitably, all capitalist societies cede to socialism.  It's a byproduct of comparing yourself to the person next to you instead of seeing that in reality you're pulling away from the rest of the world. 

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