Misian economic lecture ...two years ago

Discussion in 'Economy' started by editec, Dec 31, 2008.

  1. editec
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    editec Mr. Forgot-it-All

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    economics - Google Video

    "What we're witnessing now is the collapse of socialism"

    Could this genius have possibly been more wrong?

    And yet still many of you, people who I presume have enjoyed the benefits of their policies manifested in tax cuts to those who least needed them, still think these guys know what the fuck they're talking about, I'll wager

    Amazing, totally amazing.

    This economic disaster is really all about the steady increase economic inequity, between the have most of its and the rest of us -- INCLUDING incidently, even the very well off (indeed, those who most of us would call "the rich").

    We, the disenfranchised from those in power are ALSO getting screwed (now, as some of you are seeing as your portfolios are shrinking) because all of our wealthy is dependent on the relative economic health of the working classes.

    It all comes down to that. Make most people poor, give the benefits of the society to a very select group and the economy sooner or later pooches.

    After fourty years of sucking up to the top 1/10th of 1% of the population, they, lacking the foresight to understand that their "investments" in ever increasingly abstract debt intstruments, saw the ecomony blow up in their faces, and NOW, they expect US to save them.

    And this so called bailout?

    Well, here the Misians aren't completely out to lunch.

    At least they understand that rewarding this same class of nitwits with still more money at the expense of the rest of us is just plain wrong.
     
  2. Agnapostate
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    Agnapostate BANNED

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    It is for this reason that the Austrian school will remain isolated and impotent, with even orthodox economists rejecting the fallacy of perfect competition.
     
  3. Paulie
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    Paulie Platinum Member

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    You're an anarchist, but you reject the Austrian school?
     
  4. Agnapostate
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    Agnapostate BANNED

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    Do you honestly believe that anarchism is defined by Murray Rothbard, Hans Herman Hoppe, and Bryan Caplan? Anarchism is defined by Mikhail Bakunin, Peter Kropotkin, and Noam Chomsky.

    Conventional anarchists reject "anarcho"-capitalism.
     
  5. Toro
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    Toro Diamond Member

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    I think the Austrians are right about some things and wrong about others.

    No dogma has all the answers.
     
  6. Agnapostate
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    Agnapostate BANNED

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    Though it's safe to say that some have relatively few.
     
  7. Paulie
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    Paulie Platinum Member

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    I didn't say it was DEFINED by Austrian school, but I certainly wouldn't expect an anarchist to just flat out reject it.
     
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  10. Toro
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