Its the economy... stupid

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Yes the capitalist mode of production creates an economy that is inherently unstable. The political argument is over how to make it less so. The economic solution is to rid ourselves of the capitalist system.
 
unlike the socialist economy of Venezuela where everyone except the elite are equally poor
 
Up... and down
Yes the capitalist mode of production creates an economy that is inherently unstable. The political argument is over how to make it less so. The economic solution is to rid ourselves of the capitalist system.

How did you arrive at that conclusion, Tehon? Capitalism has created a better standard of living for people than any other system. What would you replace it with?
 
Up... and down
Yes the capitalist mode of production creates an economy that is inherently unstable. The political argument is over how to make it less so. The economic solution is to rid ourselves of the capitalist system.

How did you arrive at that conclusion, Tehon? Capitalism has created a better standard of living for people than any other system. What would you replace it with?
How did you arrive at that conclusion, Tehon?
How did I conclude that the capitalist system is unstable? Observation. I'm not sure how you can deny it. There is even a term we use to explain it called the "business cycle".
Capitalism has created a better standard of living for people than any other system.
No question about that. I don't believe it to be the be all end all in our socioeconomic development however.
What would you replace it with?
A socialized system of production. Not one dictated by the state. One undertaken cooperatively by the people. And yes I know you are going to tell me it is a utopian fairytale. I don't think it is. I think people aren't able to comprehend the possibility because we here in America are indoctrinated with the capitalism. I don't think people can understand that yes capitalism has brought about greater freedom but we can do better as a society cooperatively.
 
Up... and down
Yes the capitalist mode of production creates an economy that is inherently unstable. The political argument is over how to make it less so. The economic solution is to rid ourselves of the capitalist system.

How did you arrive at that conclusion, Tehon? Capitalism has created a better standard of living for people than any other system. What would you replace it with?
How did you arrive at that conclusion, Tehon?
How did I conclude that the capitalist system is unstable? Observation. I'm not sure how you can deny it. There is even a term we use to explain it called the "business cycle".
Capitalism has created a better standard of living for people than any other system.
No question about that. I don't believe it to be the be all end all in our socioeconomic development however.
What would you replace it with?
A socialized system of production. Not one dictated by the state. One undertaken cooperatively by the people. And yes I know you are going to tell me it is a utopian fairytale. I don't think it is. I think people aren't able to comprehend the possibility because we here in America are indoctrinated with the capitalism. I don't think people can understand that yes capitalism has brought about greater freedom but we can do better as a society cooperatively.

A socialized system of production managed "cooperatively" by the people? What does that mean exactly? I know it probably made your Political Science professor wet his panties when you regurgitated what he'd told you in class, Tehan but we're talking about the real world here! The problem with Socialism is that it doesn't account for basic human nature...things like ambition...laziness and most of all GREED!

As for the "unstable" nature of free markets and Capitalism? That's not the problem...it's what makes it work! Free markets self correct if left to themselves. If there is a shortage of widgets...the amount of money one can make selling widgets becomes so attractive that more people start making them...which in turn drops the cost of widgets through market competition.

If you want to see how a "managed" economy works...visit a place like Cuba where you can only buy what someone else decides should be made with the resources they have. You can visit the store to buy antacids because you've got heartburn but if someone "managing' that economy decided not to produce antacids that month there will be none on the shelf nor will there be any on the shelf for quite some time. They decided to make aspirins instead. So you buy aspirins and go home with acid reflux. Welcome to the joys of a "managed" economy!!!
 
As for the "unstable" nature of free markets and Capitalism? That's not the problem...it's what makes it work! Free markets self correct if left to themselves. If there is a shortage of widgets...the amount of money one can make selling widgets becomes so attractive that more people start making them...which in turn drops the cost of widgets through market competition.
You link the unstable nature of the capitalist system to supply and demand in the market? A lack of trinkets cause downturns in our economy? Seriously?

I'm thinking more in terms of production. Capital accumulation and its relationship with exploitable wage labor. Where capital accumulation drives industry and creates demand for labor. Which in turn drives up the price of labor. Causing the rate of capital accumulation to fall.

What about financial capitalism? Do you honestly believe that the market would have self corrected the most recent financial collapse? The financial system would have collapsed without intervention, and rightly so.
 
As for the "unstable" nature of free markets and Capitalism? That's not the problem...it's what makes it work! Free markets self correct if left to themselves. If there is a shortage of widgets...the amount of money one can make selling widgets becomes so attractive that more people start making them...which in turn drops the cost of widgets through market competition.
You link the unstable nature of the capitalist system to supply and demand in the market? A lack of trinkets cause downturns in our economy? Seriously?

I'm thinking more in terms of production. Capital accumulation and its relationship with exploitable wage labor. Where capital accumulation drives industry and creates demand for labor. Which in turn drives up the price of labor. Causing the rate of capital accumulation to fall.

What about financial capitalism? Do you honestly believe that the market would have self corrected the most recent financial collapse? The financial system would have collapsed without intervention, and rightly so.

Wait just a moment! You interfere with free markets by the government imposing regulations that force banks to make loans they shouldn't make...causing a massive real estate bubble based on inflated prices of the property that people couldn't afford to rent a house but BOUGHT a house with liar loans and no money down balloon payment loans and then you blame the subsequent collapse on free markets?

As for what a widget is? It's a fictional item invented to demonstrate economic principles. Surely you know that if you took economics in college...right?
 
As for the rest of that post? What is your issue with capital accumulation? Do you not understand that the pursuit of profit is what induces investment of capital and that without the potential for profit...you will not get investment...and you won't get job creation? I know this is a toughie for liberals to wrap their heads around, Tehon but profit is NOT a bad thing!
 
Wait just a moment! You interfere with free markets by the government imposing regulations that force banks to make loans they shouldn't make...causing a massive real estate bubble based on inflated prices of the property that people couldn't afford to rent a house but BOUGHT a house with liar loans and no money down balloon payment loans and then you blame the subsequent collapse on free markets?
Show me the regulation that forced Countrywide Financial into making a non-conforming loan in 2006.

As for what a widget is? It's a fictional item invented to demonstrate economic principles. Surely you know that if you took economics in college...right?
What a widget is, is irrelevant. The "business cycle" doesn't hinge on supply and demand in the market. Was that idea a part of your indoctrination?
 
As for the rest of that post? What is your issue with capital accumulation? Do you not understand that the pursuit of profit is what induces investment of capital and that without the potential for profit...you will not get investment...and you won't get job creation? I know this is a toughie for liberals to wrap their heads around, Tehon but profit is NOT a bad thing!
I understand that capital accumulation led to the hollowing out of American industry. I understand that it has forced American workers to compete with the undeveloped world for jobs. And led to the financialization of our economy. It might not be a bad thing to drive the capitalist mode of production for a period, in the long run it is self defeating.
 
Democrats will NEVER admit it, but ...gee... a Congress whose members openly declare they are 100% committed to shutting down the govt for 4 years ... a massive DNC-driven campaign to overthrow the newly elected President ... isn't really good for stable markets / economies.
 
Democrats will NEVER admit it, but ...gee... a Congress whose members openly declare they are 100% committed to shutting down the govt for 4 years ... a massive DNC-driven campaign to overthrow the newly elected President ... isn't really good for stable markets / economies.


Why should you care now?
 

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