Don't Know Much About Capitalism

Discussion in 'Economy' started by Kevin_Kennedy, Apr 28, 2009.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    http://www.takimag.com/article/did_somebody_say_capitalism/
     
  2. midcan5
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    midcan5 liberal / progressive

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  3. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    Well so far nothing has changed, except for the amount of money being wasted.
     
  4. mascale
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    mascale VIP Member

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    People in the market economies have been able to discover just how badly they screwed themselves: When They Decided to Try To See The Entire USA from an SUV. Dianah Shore used to sing about that, before it happed. Senator Feinstein used to take pride in the fact that she actually owned six of the damned things.

    Just coincidentally, anyone discussing "capitalism" is discussing entire generations of people making stupid choices, even badly! What God-Fearing Christian, for example, could even contemplate the purchase of an SUV?! Both Dinah Shore, and Senator Feinstein, for example: Are actually Jewish. The Party of the Christian Right even chose to blow up up Iraq after some Saudi's decimated the World Trade Towers! George Bush II, Term I, hoped to goose the economy with giant tax cuts, coming into office, even though nearly half of filers had no federal income tax liability.

    This is the age of information technology. We know these things!

    The Bolsheviks managed to overthrow the czar of all the Russians, and eventually The Soviet Union, and its allies, would raise incomes of all the workers a fixed percentage across-the-board. They eventually went out of business. That was actually, probably, a good idea--since there wasn't much business on-going when in fact they were in power.

    Nixon signed the fixed percentage COLA in Social Security--raising all benefit amounts the same percentage--like in the law of contracts wherein savings get the relatively same, low interest rates, and stockholders get the relatively same, low dividend amounts. Teachers and government workers all pretty much get the same percentage pay raise, every year. They at least get the horrific amounts.

    Argentina labor unions, (at one time, 85% of the workforce), indexed their worker wages the same percentage in response to hyper-inflation. They went the same as the Soviet and Eastern Block nations: Bless all their fascist little hearts, and spawn. Argentine labor unions are now less than 20% of the work force.

    All of that is about market economies: And even Conservatives would agree to a lot of it.

    Mostly, everyone thinks it's really about Israel: Which every so often, raises wage rates--for its workers--a fixed percentage across-the-board--just like Jordan and Iran. The Palestinians are not involved.

    "Crow, James Crow: Shaken, Not Stirred!"
    (Mainly, O. J. Simpson was Ignorant Of the Law: And therefore went to jail! Market economies have things in common!)
     
    Last edited: Apr 28, 2009
  5. Iriemon
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    Iriemon VIP Member

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    Many do not agree with your "let it go down the tubes" philosophy.
     
  6. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    That's not an accurate description of my philosophy, but you're correct that many do not agree with me.
     
  7. mash107
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    mash107 Active Member

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    When government responds to a depression in that way, it lasts 2 years. i.e. 1921-1922's depression.

    When government responds, ala Hoover, it lasts 15 years, and is much more vicious.

    You'd think, given the vast amounts of empirical evidence, we'd conclude that Keynesian economics is a fraud... but alas, that's not what our 'masters' in Washington want.
     
  8. Iriemon
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    Iriemon VIP Member

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    Obviously many disagree that Hoover applied much in the way of Keynsian stimulus or that FDR's New Deal didn't have an effect:

    Year - % chng Real GDP

    1930 -8.6%
    1931 -6.4%
    1932 -13.0%
    1933 -1.3% <- FDR elected
    1934 10.8%
    1935 8.9%
    1936 13.0%
    1937 5.1%
    1938 -3.4%
    1939 8.1%
    1940 8.8%
     
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  9. midcan5
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    midcan5 liberal / progressive

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    Facts speak louder than words. FDR did one heck of a job.
     
  10. ItsFairmont
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    ItsFairmont Member

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    The New Deal created the Middle Class, including the middle class so-called conservatives who take for granted the 8-hour work day (as opposed to 14), the 5-day workweek (as opposed to 6.5), healthcare, subsidized tuition, etc.


    A middle class conservative is like a chicken at a BBQ. He has no clue.
     

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