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John Stuart Mill was a communist?How are you defining a "free" market?
In the classical sense of a market free of undue influence from unearned income?
Or as a market free of all government regulation?
That isn't the "classical sense." It's the commie sense of the term.
"Free market" means free from government interference. That's what it has always meant, and the historical record shows that the closer a society approaches it, the faster its standard of living increases.
This retard can't do anything other then Cut & Paste.
while just as many retards don't get the concentration of wealth and power historically ends badly Mud......
(....And, they've got plenty o' cash to coast towards Nov. 2012)
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Five Destructive Myths
Myth No. 3: The private sector will make it all better.
There is a fundamental disconnect between the fortunes of American companies, which are doing quite well, and American workers, most of whom are earning a lower hourly wage now than they did during the recession. The thing is, companies make plenty of money; they just don't spend it on workers here."
Jealous much?
Eventually it will bite back at the companies themselves, just making things worse for the total economy. Companies have lost sight of what actually brings consumers to purchase their products and services.
John Stuart Mill was a communist?
How about Adam Smith?
Both classical economists characterized rent and interest as unearned income lead by land rent and land-price gains which Mill characterized as money landlords made in their sleep.
Milton Friedman, by comparison, knew the way to get a free lunch was to dismantle the role of government and sell off the public domain--on credit.
We also know they wouldn't have that cash or any other private property without government, don't we?(....And, they've got plenty o' cash to coast towards Nov. 2012)
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Five Destructive Myths
Myth No. 3: The private sector will make it all better.
There is a fundamental disconnect between the fortunes of American companies, which are doing quite well, and American workers, most of whom are earning a lower hourly wage now than they did during the recession. The thing is, companies make plenty of money; they just don't spend it on workers here."
And that CASH isn't yours or the Government's...IS it?
True, it will. Henry Ford understood this and paid his workers well above the standard wage. Why? So they could actually afford his product. Many businesses today don't realize that the less you pay your employees, the less they will have to buy your product. Businesses may be saving some money by paying less, but they're probably losing even more in lost sales.
We also know they wouldn't have that cash or any other private property without government, don't we?[/QUOTE]And that CASH isn't yours or the Government's...IS it?
"Thats because global capitalism today cannot provide young people with the kind of bright future they want and deserve.
True, it will. Henry Ford understood this and paid his workers well above the standard wage. Why? So they could actually afford his product. Many businesses today don't realize that the less you pay your employees, the less they will have to buy your product. Businesses may be saving some money by paying less, but they're probably losing even more in lost sales.
That's labor union horse manure.No business ever raised wages in the vain hope that its own employees would provide a market for its products. Down that road lies bankruptcy. That's like a snake trying to stave off starvation by swallowing its own tail. Ford motor company sells 5 million cars every year. Even if its own employees each bought a car every year, that would only come to a couple hundred thousand, or about 4% of its total sales.
Why is youth unemployment so high all around the globe?"Thats because global capitalism today cannot provide young people with the kind of bright future they want and deserve.
That's Because Young People today want it all with out putting in the time. They want everything their Parents worked for their whole lives, only they want it from the get go.
True, it will. Henry Ford understood this and paid his workers well above the standard wage. Why? So they could actually afford his product. Many businesses today don't realize that the less you pay your employees, the less they will have to buy your product. Businesses may be saving some money by paying less, but they're probably losing even more in lost sales.
That's labor union horse manure.No business ever raised wages in the vain hope that its own employees would provide a market for its products. Down that road lies bankruptcy. That's like a snake trying to stave off starvation by swallowing its own tail. Ford motor company sells 5 million cars every year. Even if its own employees each bought a car every year, that would only come to a couple hundred thousand, or about 4% of its total sales.
"If only.American companies are doing great because they shipped jobs overseas.
But the American worker is screwed.
Is this a great country or what?
"If only.American companies are doing great because they shipped jobs overseas.
But the American worker is screwed.
Is this a great country or what?
"There may be $2 trillion sitting on the balance sheets of American corporations globally, but firms show no signs of wanting to spend it in order to hire workers at home, however much Washington might hope they will.
"Meanwhile, the average American is feeling poorer by the week. 'If one looks at unemployment and housing, it's clear that for all practical purposes, we have yet to fully get out of recession,' says Harvard economist Ken Rogoff, summing up what everyone who doesn't live inside the Beltway Bubble is thinking.
"While the White House's official 2011 growth estimate, locked in before Japan and the oil shock, is still 3.1%, most economic seers are betting on 2.6%.
"That's not nearly enough to propel us out of an unemployment crisis that threatens to create a lost generation of workers who can't find good jobs and may never find them.
"Welcome to the 2% economy.
What U.S. Economic Recovery? Five Destructive Myths -- Printout -- TIME
(....And, they've got plenty o' cash to coast towards Nov. 2012)
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Myth No. 3: The private sector will make it all better.
There is a fundamental disconnect between the fortunes of American companies, which are doing quite well, and American workers, most of whom are earning a lower hourly wage now than they did during the recession. The thing is, companies make plenty of money; they just don't spend it on workers here."
"Thats because global capitalism today cannot provide young people with the kind of bright future they want and deserve.
That's Because Young People today want it all with out putting in the time. They want everything their Parents worked for their whole lives, only they want it from the get go.
(....And, they've got plenty o' cash to coast towards Nov. 2012)
*
Myth No. 3: The private sector will make it all better.
There is a fundamental disconnect between the fortunes of American companies, which are doing quite well, and American workers, most of whom are earning a lower hourly wage now than they did during the recession. The thing is, companies make plenty of money; they just don't spend it on workers here."
What would you neo-socialists do about the alleged disconnect between hourly workers and the people who employ them? Why not force small businesses to share profits with employees? I think Stalin tried that one. Why not have fools in congress dictate marketing strategy to the private sector? How did Fannie Mae work out? Politicians couldn't even use a congressional post office without creating stupid schemes to steal stamps and going to jail for it. Go to school shaman instead of riding a bike from job to job and complaining about the people who employ you. Better still go to work for the federal government. I'm sure they appreciate skills you demonstrate.