Corporate profits hit record as wages get squeezed

[Staidhup]

Oh, so you are a crony-capitalist. Thanks for clarifying.

Free Market Definition | Investopedia

Definition of 'Free Market'

A market economy based on supply and demand with little or no government control. A completely free market is an idealized form of a market economy where buyers and sellers are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.

In financial markets, free market stocks are securities that are widely traded and whose prices are not affected by availability.

In foreign-exchange markets, it is a market where exchange rates are not pegged (by government) and thus rise and fall freely though supply and demand for currency.

Free Market: The Concise Encyclopedia of Economics | Library of Economics and Liberty


http://en.wikipedia.org/wiki/Free_market]Free market - Wikipedia, the free encyclopedia
A free market is a market where the price of a good or service is determined by supply and demand, rather than by governmental regulation.[1] A free market contrasts with a controlled market or regulated market, where price, supply or demand are subject to regulation or direct control by government. An economy composed entirely of free markets is referred to as a free-market economy.

Correct. Service is determined by supply and demand. So if workers are in shorter supply, and more difficult to replace, they can demand more, free of government control / regulation. Pretty clear example of supply and demand.

Where the free market gets all fucked up is when Bush and the Reps push through what is widely described as the "worst legislation ever passed, fiscally speaking," aka Medicare Part D, which protects Big Pharma from the rigors of free market supply and demand.

Or when we use government to pay Big Oil to find crude under lands owned by the American People, and once they find it, let them buy it at below free market prices. Once again, we protect Big Oil from the rigors of free market supply and demand.

Or when farmers are paid not to grow certain crops, and FDA who creates school lunch guidelines, is merely a sales agent for surplus farm output, principally Big Agro, who, like Big Pharma and Big Oil are not subjected to the rigors of free market supply and demand.

So it seems, that while labor markets still adhere to the laws of supply and demand, the industries protected by suckers of Satan's cock (Republicans, Teas, Libertarians), do not. They pay into a protection racket, we call the GOP caucus, and free markets are little more than a myth.

You last four paragraphs are filled with gross exaggeration and are erroneous at best. To understand fully the context of which you write requires research and full understanding of the legislation, authors, supporters, and economic basis supporting the legislation you spin in support of your statement. Time to hit the books!

 

[Koios]

Free Market Definition | Investopedia

Definition of 'Free Market'


Free Market: The Concise Encyclopedia of Economics | Library of Economics and Liberty


http://en.wikipedia.org/wiki/Free_market]Free market - Wikipedia, the free encyclopedia
A free market is a market where the price of a good or service is determined by supply and demand, rather than by governmental regulation.[1] A free market contrasts with a controlled market or regulated market, where price, supply or demand are subject to regulation or direct control by government. An economy composed entirely of free markets is referred to as a free-market economy.

Correct. Service is determined by supply and demand. So if workers are in shorter supply, and more difficult to replace, they can demand more, free of government control / regulation. Pretty clear example of supply and demand.

Where the free market gets all fucked up is when Bush and the Reps push through what is widely described as the "worst legislation ever passed, fiscally speaking," aka Medicare Part D, which protects Big Pharma from the rigors of free market supply and demand.

Or when we use government to pay Big Oil to find crude under lands owned by the American People, and once they find it, let them buy it at below free market prices. Once again, we protect Big Oil from the rigors of free market supply and demand.

Or when farmers are paid not to grow certain crops, and FDA who creates school lunch guidelines, is merely a sales agent for surplus farm output, principally Big Agro, who, like Big Pharma and Big Oil are not subjected to the rigors of free market supply and demand.

So it seems, that while labor markets still adhere to the laws of supply and demand, the industries protected by suckers of Satan's cock (Republicans, Teas, Libertarians), do not. They pay into a protection racket, we call the GOP caucus, and free markets are little more than a myth.

You last four paragraphs are filled with gross exaggeration and are erroneous at best. To understand fully the context of which you write requires research and full understanding of the legislation, authors, supporters, and economic basis supporting the legislation you spin in support of your statement. Time to hit the books!

Then quit whining and just correct me. Easy. Yeah?

 

[Toronado3800]

The Libertarians are without a solid example of a free market and run on ideals ot seems.

Which is fine. We all need to think of ourselves as being in a free country and use only the necessary government.

I see too much of a play on words game going on here though. If anyone supports a TOTALLY free market they should say so.

 

[uscitizen]

Some parts of it; namely, have citizens, national boundaries and a functioning government. But that's about it, since as a business person, I know the vital importance of free market incentives in addition to protecting the general welfare as is required in the US Constitution. In economics, this is classified as a mixed-economy, which the world's leading economies are, nearly exclusively. China is the only exception, but passed Japan for the #2 spot, by reforming their economy, and moving closer to a modern, Western-style, mixed-economy.

Also, and perhaps you already know this, but to clarify nonetheless: free markets are not markets free from rules or taxation; they're merely open to citizens, all citizens, who can freely enter the market.
As for whether we are commie-like or a pure capitalist society, of course we are not either. We're mixed, bringing in, ideally, the best parts of both social welfare and market incentives. And we seem to be doing pretty well, insofar as we're #1 and a multiple of #2, China. The US Dllar is also the defacto world currency. The virtual petrodollar, additionally, is tied to the US Dollar in all global crude oil trade. Not too shabby, when you "think" about it.

Emphasis on: THINK.

Oh, so you are a crony-capitalist. Thanks for clarifying.

Thanks for doing the heavy lifting, pal. Here's the top organic result: Free market - Wikipedia, the free encyclopedia

Give 'er a read, and let me know if what you find there is anything other than a "theoretical model that economists often use as an approximate to the real world."

Go hog wild.

Free Market Definition | Investopedia

Definition of 'Free Market'

A market economy based on supply and demand with little or no government control. A completely free market is an idealized form of a market economy where buyers and sellers are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.

In financial markets, free market stocks are securities that are widely traded and whose prices are not affected by availability.

In foreign-exchange markets, it is a market where exchange rates are not pegged (by government) and thus rise and fall freely though supply and demand for currency.

Free Market: The Concise Encyclopedia of Economics | Library of Economics and Liberty


http://en.wikipedia.org/wiki/Free_market]Free market - Wikipedia, the free encyclopedia
A free market is a market where the price of a good or service is determined by supply and demand, rather than by governmental regulation.[1] A free market contrasts with a controlled market or regulated market, where price, supply or demand are subject to regulation or direct control by government. An economy composed entirely of free markets is referred to as a free-market economy.

Yep and there is no such place on earth.

 

[Freemason9]

Not only is Koios correct, he understates the level of corruption created by capitalist control of a political system. Such corruption directly and intentionally undermines the idea of free market economies.

As an example (and if you would read up on your Adam Smith, you would find he was in full agreement), lack of sufficient regulations in this capitalist economic system has led directly to a reduction of functional competition in many industries--and, "capitalists" buy specific regulatory legislation by sponsoring candidates for congressional offices.

Capitalists HATE competition. They work to eliminate it by underpricing it, controlling market access, law suits, acquistions, etc.; once they control a market's access to supply, they can manipulate price and access as they wish. This happens all the time in the U.S.

Capitalism is NOT a free market system.

 

[TakeAStepBack]

Not only is Koios correct, he understates the level of corruption created by capitalist control of a political system. Such corruption directly and intentionally undermines the idea of free market economies.

As an example (and if you would read up on your Adam Smith, you would find he was in full agreement), lack of sufficient regulations in this capitalist economic system has led directly to a reduction of functional competition in many industries--and, "capitalists" buy specific regulatory legislation by sponsoring candidates for congressional offices.

Capitalists HATE competition. They work to eliminate it by underpricing it, controlling market access, law suits, acquistions, etc.; once they control a market's access to supply, they can manipulate price and access as they wish. This happens all the time in the U.S.

Capitalism is NOT a free market system.

Another economic genius.

Capitalism - Definition and More from the Free Merriam-Webster Dictionary

capitalism

: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market


Capitalism Definition | Investopedia
Definition of 'Capitalism'
An economic system based on a free market, open competition, profit motive and private ownership of the means of production. Capitalism encourages private investment and business, compared to a government-controlled economy. Investors in these private companies (i.e. shareholders) also own the firms and are known as capitalists.

What you are referring to is:

Crony Capitalism or corporatism (more specifically)


Definition of 'Crony Capitalism'
A description of capitalist society as being based on the close relationships between businessmen and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the ruling government in the form of tax breaks, government grants and other incentives.

Read more: Crony Capitalism Definition | Investopedia

 

[TakeAStepBack]

Oh, so you are a crony-capitalist. Thanks for clarifying.

Free Market Definition | Investopedia

Definition of 'Free Market'

A market economy based on supply and demand with little or no government control. A completely free market is an idealized form of a market economy where buyers and sellers are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.

In financial markets, free market stocks are securities that are widely traded and whose prices are not affected by availability.

In foreign-exchange markets, it is a market where exchange rates are not pegged (by government) and thus rise and fall freely though supply and demand for currency.

Free Market: The Concise Encyclopedia of Economics | Library of Economics and Liberty


http://en.wikipedia.org/wiki/Free_market]Free market - Wikipedia, the free encyclopedia
A free market is a market where the price of a good or service is determined by supply and demand, rather than by governmental regulation.[1] A free market contrasts with a controlled market or regulated market, where price, supply or demand are subject to regulation or direct control by government. An economy composed entirely of free markets is referred to as a free-market economy.

Yep and there is no such place on earth.

Not any more there is not, no. Nor is there any capitalism.

 

[OohPooPahDoo]

Some parts of it; namely, have citizens, national boundaries and a functioning government. But that's about it, since as a business person, I know the vital importance of free market incentives in addition to protecting the general welfare as is required in the US Constitution. In economics, this is classified as a mixed-economy, which the world's leading economies are, nearly exclusively. China is the only exception, but passed Japan for the #2 spot, by reforming their economy, and moving closer to a modern, Western-style, mixed-economy.

Also, and perhaps you already know this, but to clarify nonetheless: free markets are not markets free from rules or taxation; they're merely open to citizens, all citizens, who can freely enter the market.
As for whether we are commie-like or a pure capitalist society, of course we are not either. We're mixed, bringing in, ideally, the best parts of both social welfare and market incentives. And we seem to be doing pretty well, insofar as we're #1 and a multiple of #2, China. The US Dllar is also the defacto world currency. The virtual petrodollar, additionally, is tied to the US Dollar in all global crude oil trade. Not too shabby, when you "think" about it.

Emphasis on: THINK.

Oh, so you are a crony-capitalist. Thanks for clarifying.

Thanks for doing the heavy lifting, pal. Here's the top organic result: Free market - Wikipedia, the free encyclopedia

Give 'er a read, and let me know if what you find there is anything other than a "theoretical model that economists often use as an approximate to the real world."

Go hog wild.

Free Market Definition | Investopedia

Definition of 'Free Market'

A market economy based on supply and demand with little or no government control. A completely free market is an idealized form of a market economy where buyers and sellers are allowed to transact freely (i.e. buy/sell/trade) based on a mutual agreement on price without state intervention in the form of taxes, subsidies or regulation.

In financial markets, free market stocks are securities that are widely traded and whose prices are not affected by availability.

In foreign-exchange markets, it is a market where exchange rates are not pegged (by government) and thus rise and fall freely though supply and demand for currency.

Free Market: The Concise Encyclopedia of Economics | Library of Economics and Liberty


http://en.wikipedia.org/wiki/Free_market]Free market - Wikipedia, the free encyclopedia
A free market is a market where the price of a good or service is determined by supply and demand, rather than by governmental regulation.[1] A free market contrasts with a controlled market or regulated market, where price, supply or demand are subject to regulation or direct control by government. An economy composed entirely of free markets is referred to as a free-market economy.

See that text that I made bigger up there? Thanks for proving my point for me dumbass. The free market is a idealized model. One does not exist in the real world nor could it. Calling any real world market a "free market" would be like calling the planets spheres - yes, its close, but the planets aren't spheres and a truly free market does not exist in nature.

 

[TakeAStepBack]

Bullshit, the free market has existed in the past. In several times, under several conditions. Go read a history book. Even still, you don't get to change the definition of economic terminology to suit your false belief that one has never existed, nor could it.

That's pure bullshit.

 

[OohPooPahDoo]

Bullshit, the free market has existed in the past. In several times, under several conditions. Go read a history book. Even still, you don't get to change the definition of economic terminology to suit your false belief that one has never existed, nor could it.

That's pure bullshit.

I'm not changing any definition. I'm using the definition YOU provided - which says its IDEALIZED.

 

[Koios]

Not only is Koios correct, he understates the level of corruption created by capitalist control of a political system. Such corruption directly and intentionally undermines the idea of free market economies.

As an example (and if you would read up on your Adam Smith, you would find he was in full agreement), lack of sufficient regulations in this capitalist economic system has led directly to a reduction of functional competition in many industries--and, "capitalists" buy specific regulatory legislation by sponsoring candidates for congressional offices.

Capitalists HATE competition. They work to eliminate it by underpricing it, controlling market access, law suits, acquistions, etc.; once they control a market's access to supply, they can manipulate price and access as they wish. This happens all the time in the U.S.

Capitalism is NOT a free market system.

Another economic genius.

Capitalism - Definition and More from the Free Merriam-Webster Dictionary

capitalism

: an economic system characterized by private or corporate ownership of capital goods, by investments that are determined by private decision, and by prices, production, and the distribution of goods that are determined mainly by competition in a free market


Capitalism Definition | Investopedia
Definition of 'Capitalism'
An economic system based on a free market, open competition, profit motive and private ownership of the means of production. Capitalism encourages private investment and business, compared to a government-controlled economy. Investors in these private companies (i.e. shareholders) also own the firms and are known as capitalists.

What you are referring to is:

Crony Capitalism or corporatism (more specifically)


Definition of 'Crony Capitalism'
A description of capitalist society as being based on the close relationships between businessmen and the state. Instead of success being determined by a free market and the rule of law, the success of a business is dependent on the favoritism that is shown to it by the ruling government in the form of tax breaks, government grants and other incentives.

Read more: Crony Capitalism Definition | Investopedia

Webster has a firm grasp of the theory. Kudos to them.

Now then, back on planet earth, what really happens is monopolization, via capital excerting influences on government policy, largely in ways that are a smidge beyond the grasp of average citizens, who get fucked both on payday, and when paying more regressive taxes and fees, and via higher prices for health care, prescriptions, energy, food, and so on down the line. And of course the irony being, those railing agaisnt "big govenment" are using government to their advantage like none other.

Perhaps they say they hate big government, so the retards won't notice they're controling it and making it bigger all the time.

Possible, TASB?

 

[TakeAStepBack]

Bullshit, the free market has existed in the past. In several times, under several conditions. Go read a history book. Even still, you don't get to change the definition of economic terminology to suit your false belief that one has never existed, nor could it.

That's pure bullshit.

I'm not changing any definition. I'm using the definition YOU provided - which says its IDEALIZED.

You're using ONE definiton I provided out of several and also cherry picking a word to try to make your case. You also falsely claim "no free market has ever existed, nor could". Which is patently false. To no ones surprise.

 

[Toro]

There's nothing in a free market that says there are no unions.

Unions are legal entities of labour, just as corporations are legal entities of capital.

 

[TakeAStepBack]

There's nothing in a free market that says there are no unions.

Unions are legal entities of labour, just as corporations are legal entities of capital.

it's just that unions are generally bad for capitalism. And unions should not be in the public sector, as they extort taxpayers and destroy competitive bidding on contracts. Even FDR agreed with that.

 

[Freemason9]

Bullshit, the free market has existed in the past. In several times, under several conditions. Go read a history book. Even still, you don't get to change the definition of economic terminology to suit your false belief that one has never existed, nor could it.

That's pure bullshit.

I'm not changing any definition. I'm using the definition YOU provided - which says its IDEALIZED.

Not only that; TakeAStepBack operates under some false assumptions. As an example, he/she cites source definitions on "free market," and thus implies that only state intervention disrupts free markets. That is incorrect. Capitalists make huge profits by disrupting (or destroying) access to free markets.

Once this is understood, one can easily accept the idea that capitalism DOES NOT EQUAL "free markets." Capitalism is merely the means for controlling the labor of population groups.

 

[TakeAStepBack]

I'll leave you posters to it. This is getting way too ridiculous for me.

 

[Koios]

There's nothing in a free market that says there are no unions.

Unions are legal entities of labour, just as corporations are legal entities of capital.

it's just that unions are generally bad for capitalism. And unions should not be in the public sector, as they extort taxpayers and destroy competitive bidding on contracts. Even FDR agreed with that.

Only in terms of percentage. However, despite flat-head, flat-earth, flat market, nincumpoop thinking on the subject, Capitalists a have fucking field day, in terms of net, when the middle class has more disposable income. Products fly off shelves, services have paying customers, and opportunity grows on trees and is lower-hanging fruit to boot.

So while Bill Gates keeps a lower percentage of his Billions, it kicks ass on 100% of mere millions.

 

[Freemason9]

I'll leave you posters to it. This is getting way too ridiculous for me.

I can see you're uncomfortable with this, TASB. I'll accept your apology.

 

[TakeAStepBack]

I'm uncormfortable with how increedibly ridiculous you sound. It's beyond even discussion.

 

[TakeAStepBack]

This is the one I was looking for. Continue on, people. Let the will to be weird and totally wrong on this subject continue!