Democratic socialism workable in the U.S.?

[Dot Com]

No flaming on this thread please. Its a serious discussion.

We now know that the laissez-faire model doesn't work. Greenspan said so himself. He thought that corporations would regulate themselves. and has admitted to his naivety.

OK. Who has a thriving export model (something the U.S. desperately needs to rebuild) w/ a vibrant middle-class and their CEO's aren't obscenely compensated like in the U.S.? Thats right, Germany. Their banks have also proven to be rather resilient especially considering they just purchased a controlling interest in the NYSE.
http://www.crainsnewyork.com/article/20110215/FREE/110219927#

It's official: Germans buy NYSE in $10B deal
Execs take pains to describe controversial Deutsche Börse and New York Stock Exchange combo as “merger of equals.” But facts are facts: The Germans will own 60% of the new entity.

This is what happens when labor gets farmed-out and industries shut down. The result being that all the profits are funneled upward to the really wealthy. Should the U.S. continue along on the same road creating more super wealthy and destroying the middle-class or encourage domestic production of products & look at some rational constraints on excessive executive pay?

 

[California Girl]

If you don't like the American way, leave.

And, you don't get to tell people what they post here. We have Mods and Admins for that.

 

[Oddball]

The "laissez-faire" cited by that crook Greenspan hasn't existed in his lifetime...It's particularly cynical coming from the Chairman of the biggest fiat money counterfeiting Ponzi sceme the world has ever known.

We've basically had creeping democratic socialism since 1913 and it's coming apart at the seams.

Obviously, the answer is no.

 

[JBeukema]

Fuck 'democratic socialism'. You can take your bureaucratic collectivism and centrally planned socialized economy and stick it up your ass.

 

[Dot Com]

If you don't like the American way, leave.

And, you don't get to tell people what they post here. We have Mods and Admins for that.

Ummm.....Do you speak to all former, active-duty, honorably discharged vets in this manner CaliBrat? I have more patriotism in my pinky than you have in your entire body.

Back to topic. I thought about this after listening to this show.
Fixing Capitalism: Michael Porter And Robert Reich | WBUR and NPR - On Point with Tom Ashbrook

Business super-guru Michael Porter says American business has brought it on itself. And it has to change. To very clearly – more clearly – create value for itself and the whole society. It’s the new way to profit, he says.

Mr porter mentioned an idea of having yearly renewable charters for businesses, like CountryWide for example, as to what value they're adding to America as opposed to mass migration of profits to offshore-accts w/ little or no value added to the country.

Speaking of sending *cough* "earned-income" offshore, has anyone ever heard of the "tax-gap"? It's the amount of taxes owed vs the amount of taxes paid. I believe the amt. currently stands at @ $600,000,000,000/yearly (thats billion). Imagine what good that could do in decreasing the debt tea partiers.

 

[skeptic]

No flaming on this thread please. Its a serious discussion.

We now know that the laissez-faire model doesn't work. Greenspan said so himself. He thought that corporations would regulate themselves. and has admitted to his naivety.

OK. Who has a thriving export model (something the U.S. desperately needs to rebuild) w/ a vibrant middle-class and their CEO's aren't obscenely compensated like in the U.S.? Thats right, Germany. Their banks have also proven to be rather resilient especially considering they just purchased a controlling interest in the NYSE.
http://www.crainsnewyork.com/article/20110215/FREE/110219927#

It's official: Germans buy NYSE in $10B deal
Execs take pains to describe controversial Deutsche Börse and New York Stock Exchange combo as “merger of equals.” But facts are facts: The Germans will own 60% of the new entity.

This is what happens when labor gets farmed-out and industries shut down. The result being that all the profits are funneled upward to the really wealthy. Should the U.S. continue along on the same road creating more super wealthy and destroying the middle-class or encourage domestic production of products & look at some rational constraints on excessive executive pay?

The global economy by default determines increased stratification in income equality and a reduction in aggregate living standards in the developed nations must occur.

Germany is merely an island of economic prosperity within an EU that is in steep decline, just like the USA. Holding Germany up as an example is like holding Manhattan up as a model of what to do to save your economic ass.

See the SCOTUS ruling in the case of Wall Street v. Main Street for details. Or take two PIIGS and call me in the morning.

 

[Dot Com]

No flaming on this thread please. Its a serious discussion.

We now know that the laissez-faire model doesn't work. Greenspan said so himself. He thought that corporations would regulate themselves. and has admitted to his naivety.

OK. Who has a thriving export model (something the U.S. desperately needs to rebuild) w/ a vibrant middle-class and their CEO's aren't obscenely compensated like in the U.S.? Thats right, Germany. Their banks have also proven to be rather resilient especially considering they just purchased a controlling interest in the NYSE.
http://www.crainsnewyork.com/article/20110215/FREE/110219927#

It's official: Germans buy NYSE in $10B deal
Execs take pains to describe controversial Deutsche Börse and New York Stock Exchange combo as “merger of equals.” But facts are facts: The Germans will own 60% of the new entity.

This is what happens when labor gets farmed-out and industries shut down. The result being that all the profits are funneled upward to the really wealthy. Should the U.S. continue along on the same road creating more super wealthy and destroying the middle-class or encourage domestic production of products & look at some rational constraints on excessive executive pay?

The global economy by default determines increased stratification in income equality and a reduction in aggregate living standards in the developed nations must occur.

Germany is merely an island of economic prosperity within an EU that is in steep decline, just like the USA. Holding Germany up as an example is like holding Manhattan up as a model of what to do to save your economic ass.

See the SCOTUS ruling in the case of Wall Street v. Main Street for details. Or take two PIIGS and call me in the morning.

Manhattan is an island. Germany is a country in the E.U. and, as of late, reluctantly so due to having to come to the rescue of countries like Greece. Also, Manhattan/Wall St. has made their $ almost exclusively by *cough* investing (I use that term loosely) & the service/retail sector. Germany makes things. How much heavy industry is there in Manhattan? You can keep your two PIIGS or maybe you should give them to some of your like- minded kool aid drinkers who have thus far posted drivel in my thread.

 

[shintao]

No flaming on this thread please. Its a serious discussion.

We now know that the laissez-faire model doesn't work. Greenspan said so himself. He thought that corporations would regulate themselves. and has admitted to his naivety.

OK. Who has a thriving export model (something the U.S. desperately needs to rebuild) w/ a vibrant middle-class and their CEO's aren't obscenely compensated like in the U.S.? Thats right, Germany. Their banks have also proven to be rather resilient especially considering they just purchased a controlling interest in the NYSE.
http://www.crainsnewyork.com/article/20110215/FREE/110219927#

It's official: Germans buy NYSE in $10B deal
Execs take pains to describe controversial Deutsche Börse and New York Stock Exchange combo as “merger of equals.” But facts are facts: The Germans will own 60% of the new entity.

This is what happens when labor gets farmed-out and industries shut down. The result being that all the profits are funneled upward to the really wealthy. Should the U.S. continue along on the same road creating more super wealthy and destroying the middle-class or encourage domestic production of products & look at some rational constraints on excessive executive pay?

I don't think you have a choice but to continue. The wealthy control the production and they are backed by a strong political rightwing force that wants to keep going towards their own demise. The merger of equals. I knew that was coming.

 

[California Girl]

If you don't like the American way, leave.

And, you don't get to tell people what they post here. We have Mods and Admins for that.

Ummm.....Do you speak to all former, active-duty, honorably discharged vets in this manner CaliBrat? I have more patriotism in my pinky than you have in your entire body.

Back to topic. I thought about this after listening to this show.
Fixing Capitalism: Michael Porter And Robert Reich | WBUR and NPR - On Point with Tom Ashbrook

Business super-guru Michael Porter says American business has brought it on itself. And it has to change. To very clearly – more clearly – create value for itself and the whole society. It’s the new way to profit, he says.

Mr porter mentioned an idea of having yearly renewable charters for businesses, like CountryWide for example, as to what value they're adding to America as opposed to mass migration of profits to offshore-accts w/ little or no value added to the country.

Speaking of sending *cough* "earned-income" offshore, has anyone ever heard of the "tax-gap"? It's the amount of taxes owed vs the amount of taxes paid. I believe the amt. currently stands at @ $600,000,000,000/yearly (thats billion). Imagine what good that could do in decreasing the debt tea partiers.

As far as I am aware, you and I have never met, and yet you can decide how patriotic I am. What a fucking moron you are.

Idiot.

 

[Norman]

The "laissez-faire" cited by that crook Greenspan hasn't existed in his lifetime...It's particularly cynical coming from the Chairman of the biggest fiat money counterfeiting Ponzi sceme the world has ever known.

We've basically had creeping democratic socialism since 1913 and it's coming apart at the seams.

Obviously, the answer is no.

Even if laissez faire didn't work. Allan greenspan sure made it much worse with his beliefs. Even he is now kind of admitting he was wrong (or at least writing to a much saner tone).

I hate it when guys give system that they ruined a bad name... And then "see I said it wouldn't work".

 

[Dot Com]

If you don't like the American way, leave.

And, you don't get to tell people what they post here. We have Mods and Admins for that.

Ummm.....Do you speak to all former, active-duty, honorably discharged vets in this manner CaliBrat? I have more patriotism in my pinky than you have in your entire body.

Back to topic. I thought about this after listening to this show.
Fixing Capitalism: Michael Porter And Robert Reich | WBUR and NPR - On Point with Tom Ashbrook

Business super-guru Michael Porter says American business has brought it on itself. And it has to change. To very clearly – more clearly – create value for itself and the whole society. It’s the new way to profit, he says.

Mr porter mentioned an idea of having yearly renewable charters for businesses, like CountryWide for example, as to what value they're adding to America as opposed to mass migration of profits to offshore-accts w/ little or no value added to the country.

Speaking of sending *cough* "earned-income" offshore, has anyone ever heard of the "tax-gap"? It's the amount of taxes owed vs the amount of taxes paid. I believe the amt. currently stands at @ $600,000,000,000/yearly (thats billion). Imagine what good that could do in decreasing the debt tea partiers.

As far as I am aware, you and I have never met, and yet you can decide how patriotic I am. What a fucking moron you are.

Idiot.

YOU made the naive statement that I don't like America apparently because I'm not invested in the status quo. Dismissed. Also, you're going to break the smiley generator using 6 of them in a string. Just sayin.....

 

[Dot Com]

The "laissez-faire" cited by that crook Greenspan hasn't existed in his lifetime...It's particularly cynical coming from the Chairman of the biggest fiat money counterfeiting Ponzi sceme the world has ever known.

We've basically had creeping democratic socialism since 1913 and it's coming apart at the seams.

Obviously, the answer is no.

Even if laissez faire didn't work. Allan greenspan sure made it much worse with his beliefs. Even he is now kind of admitting he was wrong (or at least writing to a much saner tone).

I hate it when guys give system that they ruined a bad name... And then "see I said it wouldn't work".

Taking a "hands-off" approach didn't highlight his flaws, it highlighted the flaws of laissez-faire markets. Do you seriously believe that markets &/or business' would "regulate themselves"? There will always be interests that look for flaws to be exploited and not having sufficient or competent regulatory resources hastens it exploitation.
Articles about Financial Crisis - Page 4 - Baltimore Sun

By From Sun news services | October 24, 2008
WASHINGTON - Facing a firing line of questions from Washington lawmakers, Alan Greenspan, the former Federal Reserve chairman once considered the infallible maestro of the financial system, admitted yesterday that he "made a mistake" in trusting that free markets could regulate themselves without government oversight. Greenspan, who stepped down in 2006, denied that the nation's economic crisis was his fault but he conceded that the meltdown had revealed a flaw in a lifetime of economic thinking and left him in a "state of shocked disbelief."