How do the left and right differ?

Discussion in 'Politics' started by trueblue, Sep 18, 2009.

  1. trueblue
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    trueblue Member

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    From Harvard economist Greg Mankiw:

    -The right sees large deadweight losses associated with taxation and, therefore, is worried about the growth of government as a share in the economy. The left sees smaller elasticities of supply and demand and, therefore, is less worried about the distortionary effect of taxes.

    -The right sees externalities as an occasional market failure that calls for government intervention, but sees this as relatively rare exception to the general rule that markets lead to efficient allocations. The left sees externalities as more pervasive.

    -The right sees competition as a pervasive feature of the economy and market power as typically limited both in magnitude and duration. The left sees large corporations with substantial degrees of monopoly power that need to be checked by active antitrust policy.

    -The right sees people as largely rational, doing the best the can given the constraints they face. The left sees people making systematic errors and believe that it is the government role’s to protect people from their own mistakes.

    -The right sees government as a terribly inefficient mechanism for allocating resources, subject to special-interest politics at best and rampant corruption at worst. The left sees government as the main institution that can counterbalance the effects of the all-too-powerful marketplace.

    -There is one last issue that divides the right and the left—perhaps the most important one. That concerns the issue of income distribution. Is the market-based distribution of income fair or unfair, and if unfair, what should the government do about it? That is such a big topic that I will devote the entire next lecture to it.
     
  2. Centrism'sVoice
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    He forgot about how the right wants to manipulate gullible people by getting them to hate the left.
     
  3. Ringel05
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    Ringel05 Diamond Member

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    So, why did you not mention the fact the left does exactly the same thing?
    A. Forgot(senile)
    B. Didn't know(willful ignorance)
    C. Pure blind partisanship (delusional).
    D. All the above
     
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    Last edited: Sep 18, 2009
  4. Centrism'sVoice
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    E. Because the amount of money the left spends on it is ridiculously tiny compared to what the right spends.
     
  5. Ringel05
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    Ringel05 Diamond Member

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    AAAAAANNNNNNNN......Wrong answer.
    Either C or D were the correct answers. Go to the back of the class.
     
  6. SwingVoter
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    SwingVoter VIP Member

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    what a limp dick explanation from the professor, how many people come home from work at night concerned about "deadweight losses"?

    Republicans are borrow-and-spend big government, Democrats are tax-and-spend big government. Only way to limit government is to let the two of them fight it out.
     
  7. trueblue
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    trueblue Member

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    Just about everybody involved in any business or the production or sale of any product from middle management up?
     
  8. Catbert
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    The difference? Republicans are willing to work for what they want. Democrats expect a handout.

    From 1770, Alexander Tyler:

    “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship."
     
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  9. Centrism'sVoice
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    So the right doesn't spend millions a day on FauxNews and "Talk" radio? :cuckoo:
     
  10. Coyote
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    Coyote Varmint Staff Member Senior USMB Moderator Gold Supporting Member

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    I think the divide of right and left is very simple and more social than economic:

    The Right: the definition of "us" is inclusive - the stranger ("not us")without is to be protected against - new is regarded with suspician - until it has stood the test of time and become the status quo. Right is the guardian of tradition because tradition works (in its view).

    The Left: the definition of "us" is exclusive - the left is constantly seeking to push the envelope in redefining what is "us" and "not us" - even at the cost of stability in society. The left seeks to change "tradition" in order to right what it views as wrong or injustice (in it's view).

    The right seeks to define the limits of humanity and protect it while the left desires to expand the limits to be more inclusive.
     

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