<< Actually, it are your reading skills which are flawed.
I said that competition is good, then you gave an example of a state-owned company in Germany which was a failure because of a lack of competition, after which you state that for this reason competition is good.
BTW, privatizing a company can also become a huge failure. Look at British Rail; The British people can thank Thatcher et al. for the worthless POS of a company it's now.
Then look at the other side of the English Channel: France. The France railroad company is owned by the state and it's among the fastest, most efficient and cheapest railroads of the world.
Now, my own country, The Netherlands, where the railroad company was privatized some time ago as well. Worst mistake ever. Right now the government has taken back a large part of the control over this company, because the situation became intolerable.
The reason governments privatize railroads is because they are perpetual money losers. Government subsidized transportation for the masses. We are guilty of it too with Amtrak.
Telekom, by the way, was not a failure even under German government control. >>
I meant a 'failure' in the sense that it was overpriced and equiped with outdated technology.
<< Obviously your knowledge of European economics is flawed. >>
As is yours.
<< Telekom was part of Bundespost which also included Deutsche Bahn. At any rate, Telekom and Bundespost were the money makers while Deutsche Bahn was the money loser. Because Telekom was the only telephone company around, the citizens were forced to endure it's BS with phone service. Give me a break. Up until a few years ago, this was a case of good old European socialism at work. Haha. Finally they woke up. >>
You're feeling better now?
<< Then, earlier, you go on to spout: I've to fully disagree with your first sentence, by the way. Everyone gets hurt by Capitalism, except for a small minority, an elite group, consisting out of mainly the owners of businesses, and the middle class.
And I gave you a prime example of capitalism in motion. Improved phone service at lower costs. No more direct government involvement. Government involvement entails bureaucarcy and stifles innovation. Capitalism cuts right through that by encouraging competition. Had it not been for capitalism, the poor Germans would still be hosed with their early 20th century phone system. >>
Give me break. You're trying to tell me how wonderful pure Capitalism is after I've given some excellent examples of why Capitalism alone is a mere curse?
<< And furthermore, your thoughts about The majority is poor and will never get a chance to become anything more than a simple worker. Since Capitalism means that there are no laws regarding safety, wages and other rights and duties of workers and their bosses, the majority will live in miserable conditions (again, England during the IR. Also the US when large groups of immigrants started to enter it). Many will work (and die) in hazardous environments and their bosses won't care, because labor is cheap and plentiful. seem primarily centered upon developing nations. >>
So... you refuse to believe that once the government pulls back any laws made to ensure that everyone is treated in an acceptable way, is payed at least a certain amount of money, that monopolies are unacceptable etc. etc., then you think that Utopia is close at hand?
Give me a friggin' break.
<< Poor by what standard? That's a matter of perspective. If one considers a third world country, yes. And yes, capitalist governments entertain laws regarding safety, wages. It's called labor unions and labor departments. >>
Ah, but these elements belong in a Socialistic or Communistic system, not a Capitalistic one. In a Capitalistic system, there are no laws to 'protect the weak'. It's all about a 'free market'. Every man and woman for themselves. No central control, watching over the rights of individuals.
Closest one can get to organized Anarchy.