1%er$ Are Strangling Our Economy

[oldsalt]

It's MY money and I want it NOW!!!

 

[georgephillip]

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.

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.

 

[mudwhistle]

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......

Oh, I get it.

I also know what it led to afterwards.

Usually Marxism, then Communism.

 

[The T]

(....And, they've got plenty o' cash to coast towards Nov. 2012)​

*​

What U.S. Economic Recovery?

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?​

 

[Wacky Quacky]

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.

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.

HOWEVER!! I still in no way support making businesses pay more. We live in a free country where businesses can pay whatever they want once meeting the minimum wage. What we should be doing is allowing businesses to fail, not subsidizing and bailing them out. All that does is encourage them to continue the same retarded policies that made them fail in the first place.

 

[bripat9643]

John Stuart Mill was a communist?
How about Adam Smith?

No, neither of them are communists, but neither of them defined the free market as you claim. In fact, I doubt either of them ever used the term "free market." However, what they did say is that the less government interferes in the market the better.

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.

How does that contradict the definition of "free market" I posted?

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.

That is exactly the opposite of what Milton Friedman said.

Now we know you're just a cheap shyster propagandist who makes up whatever facts he needs to support his sleazy claims.

 

[georgephillip]

(....And, they've got plenty o' cash to coast towards Nov. 2012)​

*​

What U.S. Economic Recovery?

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?​

We also know they wouldn't have that cash or any other private property without government, don't we?

 

[bripat9643]

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.

 

[bripat9643]

And that CASH isn't yours or the Government's...IS it?​

We also know they wouldn't have that cash or any other private property without government, don't we?[/QUOTE]

You mean because someone would steal? So you think that gives government the right to steal it?

Your ideology is founded on the ethics of thievery and plunder.

The only reason for having a government is to prevent looters and robbers from taking your stuff. You just want to substitute one gang of thieves for another.

 

[Charles_Main]

"That’s 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.

 

[Charles_Main]

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.

Ford did in fact attempt to price some of the first cars. With a standard that his employees should be able to afford to get one. Figuring if his Employees could, most everyone could, and would. Holy shit he was right.

 

[georgephillip]

"That’s 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.

Why is youth unemployment so high all around the globe?

"According to the International Labor Organization, youth unemployment in most of the world hovers around 20 percent with 'young people … nearly three times as likely as adults to be unemployed.'

"In Tunisia, 46 percent of college degree holders lack jobs in their field. In Egypt, the Ministry of Investment was reduced to advertising to foreign capital the availability of 325,000 university graduates who enter the job market every year.

"In Nigeria, the youth unemployment rate is estimated at 49 percent, leading one journalist there to call it 'a time bomb waiting to explode.' In Italy the unemployment rate among youth is 28 percent, in France 25 percent and in Spain 40 percent. In the United States, the official unemployment rate among youth aged 16 to 24 is 19 percent, but the real rate is at least 25 percent."

Have the capitalists found a better use for their profits?

Youth in Revolt | Truthout

 

[Wacky Quacky]

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.

The population is also massively larger in proportion to when Henry Ford was alive. His idea will work, but it would require a consensus among most other businesses.

An even better idea than that though is to just strengthen the US dollar. That will allow everyone to purchase more with their money and might possibly fix all of our economic troubles on it's own. Unfortunately, that would require washington to do a complete 180 on most of their financial policies, so good luck ever seeing it.

 

[daveman]

 

[Chris]

American companies are doing great because they shipped jobs overseas.

But the American worker is screwed.

Is this a great country or what?

 

[georgephillip]

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.

"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

 

[Chris]

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.

"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

This is what happens when a few people control all the wealth.

 

[whitehall]

(....And, they've got plenty o' cash to coast towards Nov. 2012)

*

What U.S. Economic Recovery?
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."

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.

 

[oldsalt]

"That’s 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.

So, they are smarter than you are. So what

 

[Chris]

(....And, they've got plenty o' cash to coast towards Nov. 2012)

*

What U.S. Economic Recovery?
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."

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.

Wan, wan, wan, Stalin, wan, wan, wan, socialism, wan, wan, wan,...

Same old shit, different day.

There are lots of ways to improve our country. The Germans have strong unions and a strong manufacturing base. How? Because the government there invests in people. Education, technology, believing in the average workers abilities....there are a lot of ways to invest in America and make it better. But this crap about socialism is bullshit.

I am sick of it. It's capitalistic greed that destroyed our economy with a $516 TRILLION DOLLAR derivatives Ponzi scheme.