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  •  You hit it when you said "regulated capitalism." (9+ / 0-)

    Of course this is a personal choice, as are many things.  My point was that there is no virtue in work for work's sake, except to waste effort and in some cases make others rich! Even in capitalism work should be goal-orientated and that goal should not just be to make management and the stock holders rich beyond the dreams of avarice.

    I'm not sure that capitalism as it is now practiced is working well at all for most people.  It is, however, working well for the investment bankers and Wall Street however.

    •  That's a decision you can only make for yourself (4+ / 0-)
      My point was that there is no virtue in work for work's sake, except to waste effort and in some cases make others rich!
      I have a friend who has worked very long and hard most of his life to build a plumbing business.  He has made a good life for himself and his family and sent his children t college. That was (1) because he developed a marketable skill; (2) he worked lots and lots of long long hours over his life. He saw a real virtue in work -- for him, it was worth it.

      I'm a lawyer.  I put in four years of college (studying to make grades while others may have been out partying), and three years of law school (same), and an average of 50-60 hours a week since, because I saw those things as things I could do to make a significant difference in the life I could provide for my family.  That's a choice I made.  Others in law school decided that they wanted to make different choices and that's fine.  

      Even friends I have who work for big corporations work (1) went to school and/or developed a skill; and (2) work hard because that is something they can do to make lives better for themselves and their family.  I know someone who has worked on offshore oil rigs much of his career.  He has taken on hard schedules, and worked hard to make himself valuable to the company.  He now makes a very good living.  And, like many employees of big corporate oil companies, his job and income has ties to what those companies call "shareholder value."

      There are things most of us can do to increase our own income -- education, learning a marketable skill, demonstrating that we are worth more to a company than others, that kind of thing.  I agree that such decisions are harder for some than others -- a child born into a middle class family has an easier time making some choices than a child born to a 15 year old high school dropout on government assistance.  And I agree that we need to provide the opportunity for children like that to make better choices.  And I agree that it's not fair that some have an easier time than others.  As I've said, it's not fair that I'm not a seven foot tall man with a special talent for throwing a ball through a hoop.  It's not fair that I was not born the child of Bill Gates, or even George W. Bush or Barack Obama.  But life is not fair.  For a variety of reasons (not just income level) some have an easier time making choices that better their lives than others do.  What we can do for our capitalist system is provide opportunities for everyone (or as many people as we can) to make choices that allow them to take control of their own economic lives.

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