Next time you hear someone criticizing socialism...

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Where is Dale Smith when I need him ?

Contrail poisoning...….he didn't make it. :eek:
Or second hand smoke cancer ?
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Ask them how well capitalism was doing in 1929.
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To the extent that capitalism’s problems – inequality, instability (cycles/crises), etc. – stem in part from its production relationships, reforms focused exclusively on regulating or supplanting markets will not succeed in solving them. For example, Keynesian monetary policies (focused on raising or lowering the quantity of money in circulation and, correspondingly, interest rates) do not touch the employer-employee relationship, however much their variations redistribute wealth, regulate markets, or displace markets in favor of state-administered investment decisions. Likewise, Keynesian fiscal policies (raising or lowering taxes and government spending) do not address the employer-employee relationship.

Keynesian policies also never ended the cyclical instability of capitalism. The New Deal and European social democracy left capitalism in place in both state and private units (enterprises) of production notwithstanding their massive reform agendas and programs. They thereby left capitalist employers facing the incentives and receiving the resources (profits) to evade, weaken and eventually dissolve most of those programs.

It is far better not to distribute wealth unequally in the first place than to re-distribute it after to undo the inequality. For example, FDR proposed in 1944 that the government establish a maximum income alongside a minimum wage; that is one among the various ways inequality could be limited and thereby redistribution avoided. Efforts to redistribute encounter evasions, oppositions, and failures that compound the effects of unequal distribution itself. Social peace and cohesion are the victims of redistribution sooner or later. Reforming markets while leaving the relations/organization of capitalist production unchanged is like redistribution. Just as redistribution schemes fail to solve the problems rooted in distribution, market-focused reforms fail to solve the problems rooted in production.

Since 2008, capitalism has showed us all yet again its deep and unsolved problems of cyclical instability, deepening inequality and the injustices they both entail. Their persistence mirrors that of the capitalist organization of production. To successfully confront and solve the problems of economic cycles, income and wealth inequality, and so on, we need to go beyond the capitalist employer-employee system of production. The democratization of enterprises – transitioning from employer-employee hierarchies to worker cooperatives – is a key way available here and now to realize the change we need.

Worker coops democratically decide the distribution of income (wages, bonuses, benefits, profit shares, etc.) among their members. No small group of owners and the boards of directors they choose would, as in capitalist corporations, make such decisions. Thus, for example, it would be far less likely that a few individuals in a worker coop would earn millions while most others could not afford to send children to college. A democratic worker coop decision on the distribution of enterprise income would be far less unequal than what typifies capitalist enterprises. A socialism for the 21st century could and should include the transition from a capitalist to a worker-coop-based economic system as central to its commitments to less inequality and less social conflict over redistribution.

Capitalism Is Not the “Market System”



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Angelo

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And it was socialism that made the depression longer and deeper...as FDR tried to socialize the government......

How is capitalism working now, you doofus? Enjoy posting on whatever capitialistic created electronic device you are using? You socialists are so tiring.....you would simply be annoying if you didn't put millions of people into mass graves whenever you get real power...
 
Ask them how well capitalism was doing in 1929.
View attachment 245504 View attachment 245506 View attachment 245505

To the extent that capitalism’s problems – inequality, instability (cycles/crises), etc. – stem in part from its production relationships, reforms focused exclusively on regulating or supplanting markets will not succeed in solving them. For example, Keynesian monetary policies (focused on raising or lowering the quantity of money in circulation and, correspondingly, interest rates) do not touch the employer-employee relationship, however much their variations redistribute wealth, regulate markets, or displace markets in favor of state-administered investment decisions. Likewise, Keynesian fiscal policies (raising or lowering taxes and government spending) do not address the employer-employee relationship.

Keynesian policies also never ended the cyclical instability of capitalism. The New Deal and European social democracy left capitalism in place in both state and private units (enterprises) of production notwithstanding their massive reform agendas and programs. They thereby left capitalist employers facing the incentives and receiving the resources (profits) to evade, weaken and eventually dissolve most of those programs.

It is far better not to distribute wealth unequally in the first place than to re-distribute it after to undo the inequality. For example, FDR proposed in 1944 that the government establish a maximum income alongside a minimum wage; that is one among the various ways inequality could be limited and thereby redistribution avoided. Efforts to redistribute encounter evasions, oppositions, and failures that compound the effects of unequal distribution itself. Social peace and cohesion are the victims of redistribution sooner or later. Reforming markets while leaving the relations/organization of capitalist production unchanged is like redistribution. Just as redistribution schemes fail to solve the problems rooted in distribution, market-focused reforms fail to solve the problems rooted in production.

Since 2008, capitalism has showed us all yet again its deep and unsolved problems of cyclical instability, deepening inequality and the injustices they both entail. Their persistence mirrors that of the capitalist organization of production. To successfully confront and solve the problems of economic cycles, income and wealth inequality, and so on, we need to go beyond the capitalist employer-employee system of production. The democratization of enterprises – transitioning from employer-employee hierarchies to worker cooperatives – is a key way available here and now to realize the change we need.

Worker coops democratically decide the distribution of income (wages, bonuses, benefits, profit shares, etc.) among their members. No small group of owners and the boards of directors they choose would, as in capitalist corporations, make such decisions. Thus, for example, it would be far less likely that a few individuals in a worker coop would earn millions while most others could not afford to send children to college. A democratic worker coop decision on the distribution of enterprise income would be far less unequal than what typifies capitalist enterprises. A socialism for the 21st century could and should include the transition from a capitalist to a worker-coop-based economic system as central to its commitments to less inequality and less social conflict over redistribution.

Capitalism Is Not the “Market System”



An OP should be 3-4 paragraphs, link, content.

Angelo

Copyright. Link Each "Copy & Paste" to It's Source. Only paste a small to medium section of the material.

USMB Rules and Guidelines


And it was socialism that made the depression longer and deeper...as FDR tried to socialize the government......

How is capitalism working now, you doofus? Enjoy posting on whatever capitialistic created electronic device you are using? You socialists are so tiring.....you would simply be annoying if you didn't put millions of people into mass graves whenever you get real power...


Yeah sure, that's why FDR is the #1 champion of 20th Century American economic growth.

(Rolls eyes)
 

Oh yeah?
#1 economic growth period in 21st century = China (Socialist)
#1 economic growth period in 20th century = Japan (Socialist)
#1 economic growth period in 20th century Europe & #2 in the World = Franco Fascist (Socialist)
#1 economic growth period in 20th century USA = FDR Fascism lite (Socialist)
Dude...just stop with your propaganda. Nobody...literally nobody...is believing your ignorant bullshit. You’re too lazy to even add links to some socialist propaganda website. The numbers are all made up and bullshit.
 

Oh yeah?
#1 economic growth period in 21st century = China (Socialist)
#1 economic growth period in 20th century = Japan (Socialist)
#1 economic growth period in 20th century Europe & #2 in the World = Franco Fascist (Socialist)
#1 economic growth period in 20th century USA = FDR Fascism lite (Socialist)
Dude...just stop with your propaganda. Nobody...literally nobody...is believing your ignorant bullshit. You’re too lazy to even add links to some socialist propaganda website. The numbers are all made up and bullshit.

FDR = Socialist & the fastest economic growth of any USA President of the 20th century.
The Best And Worst US Presidents For GDP Growth

National Socialist Germany did even better than FDR.

great_depression_ver_2.jpg

All 2 entries tagged Mao, Mark Harrison's blog


Franco = Socialist.
Spanish miracle - Wikipedia

Although there was economic liberalisation in the period, key enterprises remained under state control.

The "economic miracle" was initiated by the reforms promoted by the so-called technocrats who, with Franco's approval, put in place policies developed in Spain. The technocrats, many of whom were members of Opus Dei, were a new breed of politicians who replaced the old falangist guard.[1] The implementation of these policies took the form of development plans (Spanish: Planes de desarrollo) and it was largely a success: Spain enjoyed the second highest growth rate in the world, only slightly behind Japan[2] and became the ninth largest economy in the world, just behind Canada. Spain joined the industrialised world, leaving behind the poverty and endemic functional underdevelopment it had experienced following the Napoleonic wars, the loss of most of its imperium in the 1820s and the civil wars of the 19th century because of the dynastic dispute for the crown.



Japan = Socialist,
Japanese economic miracle - Wikipedia
Governmental contributions[edit]
The Japanese financial recovery continued even after SCAP departed and the economic boom propelled by the Korean War abated. The Japanese economy survived from the deep recession caused by a loss of the U.S. payments for military procurement and continued to make gains. By the late 1960s, Japan had risen from the ashes of World War II to achieve an astoundingly rapid and complete economic recovery. According to Knox College Professor Mikiso Hane, the period leading up to the late 1960s saw "the greatest years of prosperity Japan had seen since the Sun Goddess shut herself up behind a stone door to protest her brother Susano-o's misbehavior." The Japanese government contributed to the post-war Japanese economic miracle by stimulating private sector growth, first by instituting regulations and protectionism that effectively managed economic crises and later by concentrating on trade expansion.[2]

Influence of governmental policies: Ikeda administration and keiretsu[edit]
In 1954, the economic system MITI had cultivated from 1949 to 1953 came into full effect. Prime Minister Hayato Ikeda, who Johnson[who?] calls "the single most important individual architect of the Japanese economic miracle," pursued a policy of heavy industrialization.[citation needed] This policy led to the emergence of 'over-loaning' (a practice that continues today) in which the Bank of Japan issues loans to city banks who in turn issue loans to industrial conglomerates. Since there was a shortage of capital in Japan at the time, industrial conglomerates borrowed beyond their capacity to repay, often beyond their net worth, causing city banks in turn to over-borrow from the Bank of Japan. This gave the national Bank of Japan complete control over dependent local banks.

The system of over-loaning, combined with the government's relaxation of anti-monopoly laws (a remnant of SCAP control) also led to the re-emergence of conglomerate groups called keiretsu that mirrored the wartime conglomerates, or zaibatsu. Led by the economic improvements of Sony businessmen Masaru Ibuka and Akio Morita, the keiretsu efficiently allocated resources and became competitive internationally.[14]

At the heart of the keiretsu conglomerates' success lay city banks, which lent generously, formalizing cross-share holdings in diverse industries. The keiretsu spurred both horizontal and vertical integration, locking out foreign companies from Japanese industries. Keiretsu had close relations with MITI and each other through the cross-placement of shares, providing protection from foreign take-overs. For example, 83% of Japan's Development Bank's finances went toward strategic industries: shipbuilding, electric power, coal and steel production.[15] Keiretsu proved crucial to protectionist measures that shielded Japan's sapling economy.

Keiretsu also fostered an attitude shift among Japanese managers that tolerated low profits in the short-run because keiretsu were less concerned with increasing stock dividends and profits and more concerned about interest payments. Approximately only two-thirds of the shares of a given company were traded, cushioning keiretsu against market fluctuations and allowing keiretsu managers to plan for the long-term and maximize market shares instead of focusing on short-term profits.

The Ikeda administration also instituted the Foreign Exchange Allocation Policy, a system of import controls designed to prevent the flooding of Japan's markets by foreign goods. MITI used the foreign exchange allocation to stimulate the economy by promoting exports, managing investment and monitoring production capacity. In 1953, MITIs revised the Foreign Exchange Allocation Policy to promote domestic industries and increase the incentive for exports by revising the export-link system. A later revision based production capacity on foreign exchange allocation to prevent foreign dumping.
 
#1 economic growth period in 21st century = China (Socialist)
Nothing says “#1 economic growth” like total economic collapse! :laugh:

Forget the Trade War. China Is Already in Crisis
Socialism DOES suck, and it has NEVER been a success throughout modern history. Look how well Venezuela is doing.(sarcasm)

The hybrid system has the best results, I know that's an alien concept for short sighted, one track minded Western Europeans.
 
Yeah sure, that's why FDR is the #1 champion of 20th Century American economic growth.

(Rolls eyes)
Yeah, sure, that’s why FDR oversaw the Great Depression. :eusa_doh:

You’re not getting to mooch off of American, polish parasite. Most along.

You don't even know what Socialism is like most of the dunderheads on this forum.

Its society intervening in creating the production, and or goods of a society.

That doesn't necessarily have a dang thing to do with mooching.

China's technically more Socialist, even if they don't have as many social program safety nets as the USA does.
 
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