On a more serious note, abolishing the minimum wage would allow far more people to find employment.
Why? Do you mean in sweatshops, and until there are no longer buyers for their sweatshop products?
Those who work hard could then escape the poverty trap.
You mean the way people in sweatshops so often escape the poverty trap? My god man, look at your own language: "poverty trap".
Those who are unwilling to work would likely starve.
Or they might just kill you and take your food. Most people aren't willing to starve rather than work (even if that work is stealing from you), I think this is well established fact.
Those who are unable could rely on the compassion of their friends, family and community.
You say that as if you've solved the worlds problems, Derek. Voila! Er, but what if those friends, family, and community have no, or not enough, compassion? A country needs happy, (but especially) productive people to thrive, and all succesful countries use a concept known as economy of scale to find ways to produce those happy productive people.
Socialism is well-intentioned but has always been a bad idea.
Combined with democracy it seems to have produced the best forms of government to date, from what I can see. Take a look at the list I post below, and tell me what I'm missing.
A spirit of individual rights and responsibilities will lead to a more prosperous productive society with happier healthier people.
Yep, couldn't agree more. But you seem to want to say that no one has any responsibilities to their fellow man via society or government. Btw, Derek, isn't it also accurate to say that "happier healthier people" will lead to "a more prosperous productive society"? I think so.
One other point, thrown out there for everyone including the yahoos: much of the great successes of capitalism have stemmed from the systems of investment that most (all?) capitalistic societies have developed and nurtured. Why would anyone, especially anyone who believes in capitalism, resist the idea of investing in people? The product of a nation is not just money or unchallenged power; rather it's productive people.
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The projection, which is to be published in a psychology journal this September, will be presented at a conference later in the year. Participants in the various studies were asked questions related to happiness and satisfaction with life. The meta-analysis is based on the findings of over 100 different studies around the world, which questioned 80,000 people worldwide. For this study data has also been analysed in relation to health, wealth and access to education.
Whilst collecting data on subjective well-being is not an exact science, the measures used are very reliable in predicting health and welfare outcomes. It can be argued that whilst these measures are not perfect they are the best we have so far, and these are the measures that politicians are talking of using to measure the relative performance of each country.
The 20 happiest nations in the World are: (strongly weighted towards socialism, that's what they are)
1 - Denmark
2 - Switzerland
3 - Austria
4 - Iceland
5 - The Bahamas
6 - Finland
7 - Sweden
8 - Bhutan
9 - Brunei
10 - Canada
11 - Ireland
12 - Luxembourg
13 - Costa Rica
14 - Malta
15 - The Netherlands
16 - Antigua and Barbuda
17 - Malaysia
18 - New Zealand
19 - Norway
20 - The Seychelles