Capitalism Is Failing?

[occupied]

Social mobility is not a myth. Though I know you support policies designed to make it so.

By all measures social mobility is dead unless you count downward movement as social mobility.

No.. nobody EVER goes from poor to middle class.. or poor to upper middle class.. or poor to rich.. or middle class to rich

Give it a break..

You don't get to equalize outcome AND have freedom.. sorry

What in the hell are you even talking about? Compared to the golden age of social mobility, the 70s and early 80s, we are presently fucked.

 

[Soggy in NOLA]

Capitalism isn't failing... capitalism under the command and control crowd is having some difficulties though... as it always will.

 

[Truthmatters]

Human beings are as moral as they have ever been in history.


The regulations were stripped from the system by 30 years of republican pounding.

Now capitalism is not working as well as it did in the past.


Put back the correct regulations and then police the markets and it will hum along again

 

[Soggy in NOLA]

Human beings are as moral as they have ever been in history.


The regulations were stripped from the system by 30 years of republican pounding.

Now capitalism is not working as well as it did in the past.


Put back the correct regualtions and then police the markets and it will hun along again

Go have another drink and go back to sleep.

 

[Truthmatters]

Vilfredo Pareto - Wikipedia, the free encyclopedia


Vilfredo Federico Damaso Pareto (born Wilfried Fritz Pareto; Italian: [vilˈfreːdo paˈreːto]; 15 July 1848 – 19 August 1923), was an Italian engineer, sociologist, economist, political scientist and philosopher. He made several important contributions to economics, particularly in the study of income distribution and in the analysis of individuals' choices.

He introduced the concept of Pareto efficiency and helped develop the field of microeconomics. He also was the first to discover that income follows a Pareto distribution, which is a power law probability distribution. The Pareto principle was named after him and built on observations of his such as that 80% of the land in Italy was owned by 20% of the population. He also contributed to the fields of sociology and mathematics.


"His legacy as an economist was profound. Partly because of him, the field evolved from a branch of moral philosophy as practiced by Adam Smith into a data intensive field of scientific research and mathematical equations. His books look more like modern economics than most other texts of that day: tables of statistics from across the world and ages, rows of integral signs and equations, intricate charts and graphs."

 

[TruthSeeker56]

Yet again another call for equality in treatment or outcome when it benefits a person or their chosen cause, but no problem treating someone else unequally to get to that goal...

Disgusting

Equality or inequality in OUTCOME does NOT need to be addressed, unless you want to get rid of freedom all together

Inequality does need to be addressed and soon. The potential for social upheaval is becoming too large to ignore, especially since it is now clear that the leaders of the finance industry are too powerful to bring to justice for any kind of fraud or manipulation.

The social upheavel will manifest itself when the U.S. economy collapses under the weight of the crushing debt and financial manipulations and federal reserve racketeering and stock market shenanigans that are presently going on. It won't be much longer, and the inevitable will happen.

Maybe the best thing is to start with a CLEAN SLATE. After the collapse, we start with a temporary bartering system, then transition to a silver/gold hybrid form of monetary exchange for goods and services.

 

[boedicca]

Capitalism isn't failing.

Big Government Cronyism is succeeding in taking over economies for the benefit of politicians and their cronies (of which many attendees at Davos are a part).

 

[TruthSeeker56]

Human beings are as moral as they have ever been in history.


The regulations were stripped from the system by 30 years of republican pounding.

Now capitalism is not working as well as it did in the past.


Put back the correct regulations and then police the markets and it will hum along again

And of course you have a plethora of legitimate internet links to confirm your crazy allegations?

 

[boedicca]

Human beings are as moral as they have ever been in history.


The regulations were stripped from the system by 30 years of republican pounding.

Now capitalism is not working as well as it did in the past.


Put back the correct regulations and then police the markets and it will hum along again

And of course you have a plethora of legitimate internet links to confirm your crazy allegations?

Ask her for Documents and Proof to back up her claims.

 

[Truthmatters]

Pareto index - Wikipedia, the free encyclopedia



Pareto index







In economics the Pareto index, named after the Italian economist and sociologist Vilfredo Pareto, is a measure of the breadth of income or wealth distribution. It is one of the parameters specifying a Pareto distribution and embodies the Pareto principle. As applied to income, the Pareto principle is sometimes stated in popular expositions by saying 20% of the population has 80% of the income. In fact, Pareto's data on British income taxes in his Cours d'économie politique indicates that about 20% of the population had about 80% of the income.[dubious – discuss]

One of the simplest characterizations of the Pareto distribution, when used to model the distribution of incomes, says that the proportion of the population whose income exceeds any positive number x > xm is

 

[regent]

The secret to prosperity is quite simple: first cut the taxes for the rich and wealthy. With that done, the money the rich would have paid in taxes will then trickle down to the poor creating jobs and plenty for all. With plenty for all, the former poor will then pay more taxes making up the shortfall for taxes the rich would have paid. It is so simple a plan I wonder why no one has thought of it before.

 

[boedicca]

Davos elite: Capitalism has widened income gap | General Headlines | Comcast

We are headed down the toilet,we are slowly being headed toward socialism.

DAVOS, Switzerland — A four-year economic crisis has left societies battered and widened the gap between the haves and have-nots, financial leaders conceded Wednesday — with one suggesting that Western-style capitalism itself may be endangered.
Some 2,600 of the world's most influential people came for the forum this week amid increasing worries about the global economy and social unrest due to rising income inequalities.

Capitalism isn't failing. Human decency is.

Ain't that the truth. When the LIBOR scandal can even occur at all there is a problem so big that it is all but unsolvable.

The LIBOR scandal is a good example of Big Government Cronyism. Tim Geithner knew about it when he was at the NY Fed...and did nothing. After which, he was promoted to Treas-Sec.

The revolving doors at Fannie Mae / Freddie Mac are other Good Examples.

 

[occupied]

Yet again another call for equality in treatment or outcome when it benefits a person or their chosen cause, but no problem treating someone else unequally to get to that goal...

Disgusting

Equality or inequality in OUTCOME does NOT need to be addressed, unless you want to get rid of freedom all together

Inequality does need to be addressed and soon. The potential for social upheaval is becoming too large to ignore, especially since it is now clear that the leaders of the finance industry are too powerful to bring to justice for any kind of fraud or manipulation.

The social upheavel will manifest itself when the U.S. economy collapses under the weight of the crushing debt and financial manipulations and federal reserve racketeering and stock market shenanigans that are presently going on. It won't be much longer, and the inevitable will happen.

Maybe the best thing is to start with a CLEAN SLATE. After the collapse, we start with a temporary bartering system, then transition to a silver/gold hybrid form of monetary exchange for goods and services.

Or maybe we can use the last shreds of our populist political power to turn things around rather than allow the BANK to take over the world. What you call a collapse is just part of the plan.

 

[DiamondDave]

By all measures social mobility is dead unless you count downward movement as social mobility.

No.. nobody EVER goes from poor to middle class.. or poor to upper middle class.. or poor to rich.. or middle class to rich

Give it a break..

You don't get to equalize outcome AND have freedom.. sorry

What in the hell are you even talking about? Compared to the golden age of social mobility, the 70s and early 80s, we are presently fucked.

The 'golden age'.. and what did those people do who moved up?? Did they work for it, build new businesses? Or did government force that outcome?? Were they being welfared to the top?? Was big mommy government holding their hand??

You don't create prosperity thru redistribution

 

[Avatar4321]

Specifically what freedom is at risk by not ignoring the fact that social mobility is now a myth? How is just allowing people to manipulate the entire world economy to only benefit the few ultra wealthy any sort of freedom any "free" society should aspire to?

Social mobility is not a myth. Though I know you support policies designed to make it so.

By all measures social mobility is dead unless you count downward movement as social mobility.

Which is why people are becoming wealthy all the time.

 

[Avatar4321]

No caplitalism needs GOOD regulations to keep it working in a way that benifits the most people

No. Capitalism needs good people to keep it working in a way that benefits the most people.

The free market strengthens the economy when people are honest, hard working, humble, diligent, etc. We have economic downturns when people are dishonest, arrogant, deal breakers, idle, etc.

There is a reason that the free market works less efficiently when people are evil. It's because it's a natural mechanism to encourage people to change and fix their lives to become good people.

Look at the economic downturn of 08. It didn't happen because of lack of regulation. Heck, i dont even think it happened because of overregulation. It happened because people got greedy, dishonest, and were living beyond their means.

Unfortunately, good people also suffer when others act selfishly.

 

[regent]

Assuming free market means government has no rules, no say, in any market endeavor, when has America ever had "free markets"? Can anyone name the nations today that have "free markets"?

 

[Truthmatters]

evil men are always drawn to power.



That is why you have to police the power postions and have laws ( you know regulations) to protect the people from evil men obtaining and or using the power they seek.

 

[Truthmatters]

Assuming free market means government has no rules, no say, in any market endeavor, when has America ever had "free markets"? Can anyone name the nations today that have "free markets"?

The only time there were NO RULES was during the times of kings and queens were developing.


and that is the result they produce

 

[Avatar4321]

human beings are NOT on the earth to support capitalism.


Caplitalism is for supporting the most people.


When it stops benifiting the most people in favor of the few its useless to the masses.


You want capitalism you have to give it the correct regulations that keep it from becoming a cast system.


Those who refuse these regulations are the ones killing capitalism

The free market AKA Capitalism is nothing but the natural human exchange. When people are free to make trade their goods and services to others for money or other goods and services, that is the free market. People act in a way they believe serves the best interests of themselves and their families. When I make a deal with my neighbor to do something for him while he does something for me, that is the free market. Why do you need to regulate private deals between myself and my neighbor when we freely enter into the agreement and there is no coercion or deception involved?