The Latest Socialist Excuse...

[bripat9643]

Venezuela's President-for-Life Maduro not only admitted at a PSUV Party conference (yeah, socialism requires the elimination of other political parties) that their socialist economic model is a failure, he blamed himself and the party. Only desperate children need to blame capitalists. You spew common socialist LIES in defense of what has proven to be a guaranteed socio-economic recipe for disaster.

How did Venezuela become a socialist economy without nationalizing its banks?

Economist Jeffrey Sachs: U.S. Sanctions Have Devastated Venezuela & Killed Over 40,000 Since 2017 | Democracy Now!

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Yanno, you think and say a lot of very Silly Socialist Shit (SSS) but the history of socialism-in-action is as replete with failure as it is with true believers who try to deny it.

And no Comrade George ... you can't have what others have built and earned just because you are one of life's bitter losers.
Just buy a box of tissues and have another good cry.

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:

Financial Imperialism-The Case of Venezuela

"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.

"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.

"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.

"More than 85% of all global trade (export and import) is done in dollars.

"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.

"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.

"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).

"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.

"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

Just because you are ignorant of something doesn't mean it never happened.

"First plan, 1928–1932[edit]
Main article: first five-year plan

Five-year plans for the national economy of the Soviet Union - Wikipedia

"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."

https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640

Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.

You actually expect us to believe propaganda published by the Communist government of the Soviet Union during the Stalinist era?

 

[Missouri_Mike]

Venezuela's President-for-Life Maduro not only admitted at a PSUV Party conference (yeah, socialism requires the elimination of other political parties) that their socialist economic model is a failure, he blamed himself and the party. Only desperate children need to blame capitalists. You spew common socialist LIES in defense of what has proven to be a guaranteed socio-economic recipe for disaster.

How did Venezuela become a socialist economy without nationalizing its banks?

Economist Jeffrey Sachs: U.S. Sanctions Have Devastated Venezuela & Killed Over 40,000 Since 2017 | Democracy Now!

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Yanno, you think and say a lot of very Silly Socialist Shit (SSS) but the history of socialism-in-action is as replete with failure as it is with true believers who try to deny it.

And no Comrade George ... you can't have what others have built and earned just because you are one of life's bitter losers.
Just buy a box of tissues and have another good cry.

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:

Financial Imperialism-The Case of Venezuela

"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.

"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.

"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.

"More than 85% of all global trade (export and import) is done in dollars.

"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.

"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.

"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).

"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.

"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

Just because you are ignorant of something doesn't mean it never happened.

"First plan, 1928–1932[edit]
Main article: first five-year plan

Five-year plans for the national economy of the Soviet Union - Wikipedia

"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."

https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640

Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.

And it’s been a century of communist misery ever since. Even Venezuela had people feeling good about things the first few years. It’s always short term though, it has to be by design. You only get to steal from the rich for so long. Eventually you’ve taken everything they had and there is no more to steal. That’s when the misery sets in. This is where the socialist run out of answers.

It’s an easy concept to grasp. Socialism works like this...

You have ten chickens producing a dozen eggs a day. Me, the government decides you aren’t being fair with your egg distribution so I pass a law you have to produce two dozen and give half away. When you can’t do that I decide you’re a greedy asshole so I take your chickens. When you can’t produce even the dozen eggs I give the people free chicken dinners. Which makes them very happy for about a week. Suddenly there are no more eggs, or chickens. Everyone is fucked then.

 

[georgephillip]

How did Venezuela become a socialist economy without nationalizing its banks?

Economist Jeffrey Sachs: U.S. Sanctions Have Devastated Venezuela & Killed Over 40,000 Since 2017 | Democracy Now!

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Yanno, you think and say a lot of very Silly Socialist Shit (SSS) but the history of socialism-in-action is as replete with failure as it is with true believers who try to deny it.

And no Comrade George ... you can't have what others have built and earned just because you are one of life's bitter losers.
Just buy a box of tissues and have another good cry.

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:

Financial Imperialism-The Case of Venezuela

"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.

"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.

"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.

"More than 85% of all global trade (export and import) is done in dollars.

"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.

"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.

"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).

"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.

"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

Just because you are ignorant of something doesn't mean it never happened.

"First plan, 1928–1932[edit]
Main article: first five-year plan

Five-year plans for the national economy of the Soviet Union - Wikipedia

"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."

https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640

Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.

You actually expect us to believe propaganda published by the Communist government of the Soviet Union during the Stalinist era?

You actually expect us to believe propaganda published by the Communist government of the Soviet Union during the Stalinist era?

Why not?
You believe Trump.

Links between Trump associates and Russian officials - Wikipedia

"The FBI and several United States congressional committees have been investigating links between Russian government officials or their affiliates and individuals associated with Donald Trump, the current President of the United States, when he was a candidate for the office as part of their investigations of Russian interference in the 2016 United States elections.

"Some of Trump's campaign members, business partners, administration nominees, and family members have been subjected to intense scrutiny following intelligence reports on such Russian interference.

"The investigations have revealed that a number of them had various types of links to or contacts with Russian officials, business people, banks, and Russian intelligence agencies.

"Several investigations are underway to determine whether Trump or any of his associates have had improper dealings during their contacts with Russian officials."

 

[georgephillip]

The Democratic Socialists of America say that "both the economy and society should be run democratically" and find that very disturbing. I don't think either should be run democratically.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Shifting economic decision making from a relative handful of rich corporate managers/shareholders to a much larger, middle-class contingent of public stakeholders would likely decrease the level of economic inequality we currently see in the US.

Did you even read my post? Sometimes it just seems like you hit 'reply' so you can paste in another brochure.

I don't see how public stakeholders would do anything other than run a business into the ground.

Did you even read my post? Sometimes it just seems like you hit 'reply' so you can paste in another brochure.

Then why don't you stop wasting my time by responding to my posts?

 

[dblack]

The Democratic Socialists of America say that "both the economy and society should be run democratically" and find that very disturbing. I don't think either should be run democratically.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Shifting economic decision making from a relative handful of rich corporate managers/shareholders to a much larger, middle-class contingent of public stakeholders would likely decrease the level of economic inequality we currently see in the US.

Did you even read my post? Sometimes it just seems like you hit 'reply' so you can paste in another brochure.

I don't see how public stakeholders would do anything other than run a business into the ground.

Did you even read my post? Sometimes it just seems like you hit 'reply' so you can paste in another brochure.

Then why don't you stop wasting my time by responding to my posts?

Because you're posting propaganda.

 

[bripat9643]

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Yanno, you think and say a lot of very Silly Socialist Shit (SSS) but the history of socialism-in-action is as replete with failure as it is with true believers who try to deny it.

And no Comrade George ... you can't have what others have built and earned just because you are one of life's bitter losers.
Just buy a box of tissues and have another good cry.

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:

Financial Imperialism-The Case of Venezuela

"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.

"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.

"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.

"More than 85% of all global trade (export and import) is done in dollars.

"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.

"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.

"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).

"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.

"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

Just because you are ignorant of something doesn't mean it never happened.

"First plan, 1928–1932[edit]
Main article: first five-year plan

Five-year plans for the national economy of the Soviet Union - Wikipedia

"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."

https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640

Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.

You actually expect us to believe propaganda published by the Communist government of the Soviet Union during the Stalinist era?

You actually expect us to believe propaganda published by the Communist government of the Soviet Union during the Stalinist era?

Why not?
You believe Trump.

Links between Trump associates and Russian officials - Wikipedia

"The FBI and several United States congressional committees have been investigating links between Russian government officials or their affiliates and individuals associated with Donald Trump, the current President of the United States, when he was a candidate for the office as part of their investigations of Russian interference in the 2016 United States elections.

"Some of Trump's campaign members, business partners, administration nominees, and family members have been subjected to intense scrutiny following intelligence reports on such Russian interference.

"The investigations have revealed that a number of them had various types of links to or contacts with Russian officials, business people, banks, and Russian intelligence agencies.

"Several investigations are underway to determine whether Trump or any of his associates have had improper dealings during their contacts with Russian officials."

"Why not?" Only a brain damaged retard would ask such a question.

 

[georgephillip]

The Democratic Socialists of America say that "both the economy and society should be run democratically" and find that very disturbing. I don't think either should be run democratically.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Shifting economic decision making from a relative handful of rich corporate managers/shareholders to a much larger, middle-class contingent of public stakeholders would likely decrease the level of economic inequality we currently see in the US.

Such radical reform would eliminate the need for government to redistribute wealth/income through taxation.

Elizabeth Warren’s Rise Is a Plus for Issue Politics — And a Bad Sign for Billionaires

"While working people almost all live off highly-taxed 'income,' high net worth individuals mostly live off other revenue streams: carried interest, capital gains, inheritance, etc.

"Warren’s plan would create a net worth calculation that would hit households worth between $50 million and $1 billion with a 2% annual 'ultra-millionaires tax.'"

There is no need to redistribute wealth, moron.

There is no need to redistribute wealth, moron.

We could agree to distribute income much less unequally in the first place, thereby making redistribution unnecessary. When large shares of profits go to the major shareholders and the boards of directors of capitalist corporations at the top of the economic pyramid, income inequality widens.

Economic democracy - Wikipedia

"Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand as society is unable to earn enough income to purchase its output production.

"Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power.[3][4]

"Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory and as a variety of reform agendas."

 

[bripat9643]

The Democratic Socialists of America say that "both the economy and society should be run democratically" and find that very disturbing. I don't think either should be run democratically.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Shifting economic decision making from a relative handful of rich corporate managers/shareholders to a much larger, middle-class contingent of public stakeholders would likely decrease the level of economic inequality we currently see in the US.

Such radical reform would eliminate the need for government to redistribute wealth/income through taxation.

Elizabeth Warren’s Rise Is a Plus for Issue Politics — And a Bad Sign for Billionaires

"While working people almost all live off highly-taxed 'income,' high net worth individuals mostly live off other revenue streams: carried interest, capital gains, inheritance, etc.

"Warren’s plan would create a net worth calculation that would hit households worth between $50 million and $1 billion with a 2% annual 'ultra-millionaires tax.'"

There is no need to redistribute wealth, moron.

There is no need to redistribute wealth, moron.

We could agree to distribute income much less unequally in the first place, thereby making redistribution unnecessary. When large shares of profits go to the major shareholders and the boards of directors of capitalist corporations at the top of the economic pyramid, income inequality widens.

Economic democracy - Wikipedia

"Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand as society is unable to earn enough income to purchase its output production.

"Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power.[3][4]

"Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory and as a variety of reform agendas."

Under capitalism, income isn't "distributed." It's earned. From there you proceeded to regurgitate multiple Marxist economic fallacies.

 

[Missouri_Mike]

The Democratic Socialists of America say that "both the economy and society should be run democratically" and find that very disturbing. I don't think either should be run democratically.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Shifting economic decision making from a relative handful of rich corporate managers/shareholders to a much larger, middle-class contingent of public stakeholders would likely decrease the level of economic inequality we currently see in the US.

Such radical reform would eliminate the need for government to redistribute wealth/income through taxation.

Elizabeth Warren’s Rise Is a Plus for Issue Politics — And a Bad Sign for Billionaires

"While working people almost all live off highly-taxed 'income,' high net worth individuals mostly live off other revenue streams: carried interest, capital gains, inheritance, etc.

"Warren’s plan would create a net worth calculation that would hit households worth between $50 million and $1 billion with a 2% annual 'ultra-millionaires tax.'"

There is no need to redistribute wealth, moron.

There is no need to redistribute wealth, moron.

We could agree to distribute income much less unequally in the first place, thereby making redistribution unnecessary. When large shares of profits go to the major shareholders and the boards of directors of capitalist corporations at the top of the economic pyramid, income inequality widens.

Economic democracy - Wikipedia

"Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand as society is unable to earn enough income to purchase its output production.

"Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power.[3][4]

"Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory and as a variety of reform agendas."

You’re fucking retarded. Sitting here using devices built by corporations on internet access built by corporations to bitch about corporations.

 

[SAYIT]

There is no need to redistribute wealth, moron.

We could agree to distribute income much less unequally in the first place, thereby making redistribution unnecessary. When large shares of profits go to the major shareholders and the boards of directors of capitalist corporations at the top of the economic pyramid, income inequality widens...

The point remains there is no good reason to put govt's thumb on the economic scale.

The best part about Adam Smith's "Invisible Hand" (Wealth of Nations - 1776) is not just that it functions nicely without anyone choosing winners and losers - they occur naturally in free markets - but that it has withstood the test of time.

OTOH the political pamphlet (Communist Manifesto) authored by 2 German philosophers (Marx & Engels) in 1848 which socialists have repeatedly tried to use as an economic model has consistently left death and destruction in its wake.

 

[bripat9643]

The Democratic Socialists of America say that "both the economy and society should be run democratically" and find that very disturbing. I don't think either should be run democratically.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Democracy is a terrible way to "run" things. It's fine for choosing representatives in government, but it's no way to run a society, nor an economy. It essentially injects politics into everything we do, makes everything potentially a political issue. No thanks.

Shifting economic decision making from a relative handful of rich corporate managers/shareholders to a much larger, middle-class contingent of public stakeholders would likely decrease the level of economic inequality we currently see in the US.

Such radical reform would eliminate the need for government to redistribute wealth/income through taxation.

Elizabeth Warren’s Rise Is a Plus for Issue Politics — And a Bad Sign for Billionaires

"While working people almost all live off highly-taxed 'income,' high net worth individuals mostly live off other revenue streams: carried interest, capital gains, inheritance, etc.

"Warren’s plan would create a net worth calculation that would hit households worth between $50 million and $1 billion with a 2% annual 'ultra-millionaires tax.'"

There is no need to redistribute wealth, moron.

There is no need to redistribute wealth, moron.

We could agree to distribute income much less unequally in the first place, thereby making redistribution unnecessary. When large shares of profits go to the major shareholders and the boards of directors of capitalist corporations at the top of the economic pyramid, income inequality widens.

Economic democracy - Wikipedia

"Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand as society is unable to earn enough income to purchase its output production.

"Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power.[3][4]

"Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory and as a variety of reform agendas."

You’re fucking retarded. Sitting here using devices built by corporations on internet access built by corporations to bitch about corporations.

Typical leftist hypocrite.

 

[jasonnfree]

I would begin the same way FDR did when he forced high levels of taxation on wealth and business in order to fund Social Security, unemployment compensation and a massive federal jobs program.

Today, WSDEs often become practical when the founders/owners of a small business retire and opt to sell their enterprise to their employees instead of rival capitalists. Legal services designed to implement such radical economic procedures already exist.

You’re a brainwashed idiot. You actually think you’re going to tax your way to 10 million new jobs?

You’re a brainwashed idiot. You actually think you’re going to tax your way to 10 million new jobs?

Are you as ignorant as Trump?

https://www.history.com/this-day-in-history/fdr-creates-the-w

Are you as ignorant as Trump?

https://www.history.com/this-day-in-history/fdr-creates-the-wpa

Yep, you’re fucking retarded. Everything FDR did was a failure until the war saved his ass. Cost a lot of lives but his move away from capitalism cost us damn near everything as a country.

pa

Yep, you’re fucking retarded. Everything FDR did was a failure until the war saved his ass. Cost a lot of lives but his move away from capitalism cost us damn near everything as a country.

My thought is ... just don't see how there's much difference between putting people to work on government projects being much different than putting them to work by going to war. Actually, war would be worse considering that so much military equipment produced is blown up. Total loss, whereas putting people to work on projects like FDR did allows them to get a paycheck for producing usable projects like dams, bridges, etc. while they use that government money to buy consumer goods, thereby putting others to work, kinda like trickle down.

Trickle down doesn’t work when it relies on a massive fire house quantity of cash to the government before it can begin trickling down.

Trickle down must work considering USA advanced greatly after WW2 in spite of all the money thrown at the war and USA then helping the countries that were devastated during the war.

 

[jasonnfree]

How did Venezuela become a socialist economy without nationalizing its banks?

Economist Jeffrey Sachs: U.S. Sanctions Have Devastated Venezuela & Killed Over 40,000 Since 2017 | Democracy Now!

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Yanno, you think and say a lot of very Silly Socialist Shit (SSS) but the history of socialism-in-action is as replete with failure as it is with true believers who try to deny it.

And no Comrade George ... you can't have what others have built and earned just because you are one of life's bitter losers.
Just buy a box of tissues and have another good cry.

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:

Financial Imperialism-The Case of Venezuela

"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.

"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.

"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.

"More than 85% of all global trade (export and import) is done in dollars.

"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.

"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.

"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).

"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.

"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

Just because you are ignorant of something doesn't mean it never happened.

"First plan, 1928–1932[edit]
Main article: first five-year plan

Five-year plans for the national economy of the Soviet Union - Wikipedia

"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."

https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640

Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.

And it’s been a century of communist misery ever since. Even Venezuela had people feeling good about things the first few years. It’s always short term though, it has to be by design. You only get to steal from the rich for so long. Eventually you’ve taken everything they had and there is no more to steal. That’s when the misery sets in. This is where the socialist run out of answers.

It’s an easy concept to grasp. Socialism works like this...

You have ten chickens producing a dozen eggs a day. Me, the government decides you aren’t being fair with your egg distribution so I pass a law you have to produce two dozen and give half away. When you can’t do that I decide you’re a greedy asshole so I take your chickens. When you can’t produce even the dozen eggs I give the people free chicken dinners. Which makes them very happy for about a week. Suddenly there are no more eggs, or chickens. Everyone is fucked then.

But capitalism American style at least, fails often and then government steps in to bail it out.

 

[Missouri_Mike]

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Yanno, you think and say a lot of very Silly Socialist Shit (SSS) but the history of socialism-in-action is as replete with failure as it is with true believers who try to deny it.

And no Comrade George ... you can't have what others have built and earned just because you are one of life's bitter losers.
Just buy a box of tissues and have another good cry.

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:

Financial Imperialism-The Case of Venezuela

"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.

"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.

"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.

"More than 85% of all global trade (export and import) is done in dollars.

"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.

"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.

"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).

"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.

"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

Just because you are ignorant of something doesn't mean it never happened.

"First plan, 1928–1932[edit]
Main article: first five-year plan

Five-year plans for the national economy of the Soviet Union - Wikipedia

"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."

https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640

Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.

And it’s been a century of communist misery ever since. Even Venezuela had people feeling good about things the first few years. It’s always short term though, it has to be by design. You only get to steal from the rich for so long. Eventually you’ve taken everything they had and there is no more to steal. That’s when the misery sets in. This is where the socialist run out of answers.

It’s an easy concept to grasp. Socialism works like this...

You have ten chickens producing a dozen eggs a day. Me, the government decides you aren’t being fair with your egg distribution so I pass a law you have to produce two dozen and give half away. When you can’t do that I decide you’re a greedy asshole so I take your chickens. When you can’t produce even the dozen eggs I give the people free chicken dinners. Which makes them very happy for about a week. Suddenly there are no more eggs, or chickens. Everyone is fucked then.

But capitalism American style at least, fails often and then government steps in to bail it out.

Capitalism doesn’t fail. Government does. Equating the two is foolish. Socialism is all government run.

 

[bripat9643]

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Yanno, you think and say a lot of very Silly Socialist Shit (SSS) but the history of socialism-in-action is as replete with failure as it is with true believers who try to deny it.

And no Comrade George ... you can't have what others have built and earned just because you are one of life's bitter losers.
Just buy a box of tissues and have another good cry.

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:

Financial Imperialism-The Case of Venezuela

"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.

"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.

"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.

"More than 85% of all global trade (export and import) is done in dollars.

"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.

"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.

"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).

"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.

"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

Just because you are ignorant of something doesn't mean it never happened.

"First plan, 1928–1932[edit]
Main article: first five-year plan

Five-year plans for the national economy of the Soviet Union - Wikipedia

"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."

https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640

Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.

And it’s been a century of communist misery ever since. Even Venezuela had people feeling good about things the first few years. It’s always short term though, it has to be by design. You only get to steal from the rich for so long. Eventually you’ve taken everything they had and there is no more to steal. That’s when the misery sets in. This is where the socialist run out of answers.

It’s an easy concept to grasp. Socialism works like this...

You have ten chickens producing a dozen eggs a day. Me, the government decides you aren’t being fair with your egg distribution so I pass a law you have to produce two dozen and give half away. When you can’t do that I decide you’re a greedy asshole so I take your chickens. When you can’t produce even the dozen eggs I give the people free chicken dinners. Which makes them very happy for about a week. Suddenly there are no more eggs, or chickens. Everyone is fucked then.

But capitalism American style at least, fails often and then government steps in to bail it out.

Capitalism doesn't fail. Government interference fails. Government is one giant Ponzi scheme.

 

[keepitreal]

What problem do you have with businesses being run by a majority of workers instead of the richest one percent of shareholders/stakeholders?

The majority of workers aren't running companies right now because they don't know how to effectively run a company, Einstien....

If you'd ever signed the front of a paycheck, you couldn't possibly have asked such a stupid question.

ROFLMFAO ...Your not lying!

People can’t even collectively keep their employees in check
so we have an efficient and honorable government

 

[Norman]

"Sanders attracts the intense support of a small left-wing intellectual vanguard who see American politics in fundamentally different terms than most Democrats do.

"The primary struggle in American politics as they see it is not between liberalism and conservatism, but between socialism and capitalism...

I agree that the primary struggle in American politics is between socialism and capitalism and that Bernie and at least 1/3 of Americans are dim enough to prefer the former. In fact, pretending what they promote is anything but the end of American freedom and prosperity is naive at best.

so·cial·ism
/ˈsōSHəˌlizəm/
noun

1. a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
   • (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole

What problem do you have with businesses being run by a majority of workers instead of the richest one percent of shareholders/stakeholders?

That's not socialism.

Stealing it from the owners? Now that is socialism, which is why we must kill all socialists. They must all fucking die.

Kill a commie fo mommy.



.

That's not socialism.

Stealing it from the owners? Now that is socialism, which is why we must kill all socialists. They must all fucking die.

How do you expect to find political democracy without first implementing economic democracy, the same way your hero did in Germany?

Communists continued the holocaust in their own country, killing 100 million people. Their own people...

Russia is still a shit hole because this nonsense, while Germany thrives as one of the finest economy in the world... well at least until they decided to adopt some of the communist principles.

Communist apologists are mentally ill people. It's a mental disease.

 

[SAYIT]

"Sanders attracts the intense support of a small left-wing intellectual vanguard who see American politics in fundamentally different terms than most Democrats do.

"The primary struggle in American politics as they see it is not between liberalism and conservatism, but between socialism and capitalism...

I agree that the primary struggle in American politics is between socialism and capitalism and that Bernie and at least 1/3 of Americans are dim enough to prefer the former. In fact, pretending what they promote is anything but the end of American freedom and prosperity is naive at best.

so·cial·ism
/ˈsōSHəˌlizəm/
noun

1. a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
   • (in Marxist theory) a transitional social state between the overthrow of capitalism and the realization of Communism.

a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole

What problem do you have with businesses being run by a majority of workers instead of the richest one percent of shareholders/stakeholders?

That's not socialism.

Stealing it from the owners? Now that is socialism, which is why we must kill all socialists. They must all fucking die.

Kill a commie fo mommy.



.

That's not socialism.

Stealing it from the owners? Now that is socialism, which is why we must kill all socialists. They must all fucking die.

How do you expect to find political democracy without first implementing economic democracy, the same way your hero did in Germany?

Communists continued the holocaust in their own country, killing 100 million people. Their own people...

Russia is still a shit hole because this nonsense, while Germany thrives as one of the finest economy in the world... well at least until they decided to adopt some of the communist principles.

Communist apologists are mentally ill people. It's a mental disease.

It's a toxic mixture of envy & greed. No one ever taught them not to obsess about what belongs to another guy … unless it's Melania.

Then it's completely understandable and perhaps healthy.

 

[georgephillip]

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Yanno, you think and say a lot of very Silly Socialist Shit (SSS) but the history of socialism-in-action is as replete with failure as it is with true believers who try to deny it.

And no Comrade George ... you can't have what others have built and earned just because you are one of life's bitter losers.
Just buy a box of tissues and have another good cry.

So your point is you and Jeffrey know better than Venezuela's El Presidente what was the cause - their socialist economic model - of Venezuela's economic meltdown?

Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:

Financial Imperialism-The Case of Venezuela

"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.

"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.

"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.

"More than 85% of all global trade (export and import) is done in dollars.

"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.

"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.

"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).

"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.

"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

Just because you are ignorant of something doesn't mean it never happened.

"First plan, 1928–1932[edit]
Main article: first five-year plan

Five-year plans for the national economy of the Soviet Union - Wikipedia

"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."

https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640

Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.

And it’s been a century of communist misery ever since. Even Venezuela had people feeling good about things the first few years. It’s always short term though, it has to be by design. You only get to steal from the rich for so long. Eventually you’ve taken everything they had and there is no more to steal. That’s when the misery sets in. This is where the socialist run out of answers.

It’s an easy concept to grasp. Socialism works like this...

You have ten chickens producing a dozen eggs a day. Me, the government decides you aren’t being fair with your egg distribution so I pass a law you have to produce two dozen and give half away. When you can’t do that I decide you’re a greedy asshole so I take your chickens. When you can’t produce even the dozen eggs I give the people free chicken dinners. Which makes them very happy for about a week. Suddenly there are no more eggs, or chickens. Everyone is fucked then.

But capitalism American style at least, fails often and then government steps in to bail it out.

But capitalism American style at least, fails often and then government steps in to bail it out.

Capitalism is hard wired to fail due to its undying allegiance to monopolistic profit maximization until its workers can no longer afford to buy what they produce:

Economic democracy - Wikipedia

"Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand as society is unable to earn enough income to purchase its output production.

"Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power.[3][4]

"Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory and as a variety of reform agendas.

"For example, as a means to securing full economic rights, it opens a path to full political rights, defined as including the former.[1] "

 

[SAYIT]

Venezuela is the latest in a long list of countries who economies were destroyed by illegal US economic sanctions:

Financial Imperialism-The Case of Venezuela

"Venezuela today is a classic case how US imperialism in the 21st century employs financial measures to crush a state and country that dares to break away from the US global economic empire and pursue an independent course outside the US empire’s web of entangling economic and financial relations.

"Here’s how US ‘financial imperialism’ has worked, and continues to work, with the intent of assisting regime change in the case of Venezuela.

"In a world where US Capitalism is the dominant hegemon the US currency—the dollar—is the centerpiece of the US global economic empire. The dollar serves as the global trading currency as well as the global banking reserves currency.

"More than 85% of all global trade (export and import) is done in dollars.

"Certain commodities, like global oil and oil futures contracts, are traded virtually only in dollars.

"Recently more countries have begun to peg their own currency to the dollar, allowing it to move in tandem with the dollar.

"Some have even eliminated their currency altogether and now use only the US dollar as their domestic currency. Increasingly as well, more countries are issuing their domestic bonds in dollars (i.e. dollar denominated bonds).

"And their central banks follow the US central bank, the Federal Reserve’s, policy as it raises or lowers US interest rates that in turn cause the US dollar to rise and fall.

"They do so even if rising US interest rates mean rising rates in their own economies that precipitate recessions and mass unemployment. These are all examples of the growing financial integration with the US Imperial State and economy."

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

LMAO! More socialist excuses for their self inflicted failures. You do realize socialism has a long track record of failure before the US dollar was the currency for trade right? What’s your excuse for that?

Just because you are ignorant of something doesn't mean it never happened.

"First plan, 1928–1932[edit]
Main article: first five-year plan

Five-year plans for the national economy of the Soviet Union - Wikipedia

"From 1928 to 1940, the number of Soviet workers in industry, construction, and transport grew from 4.6 million to 12.6 million and factory output soared.[6] Stalin's first five-year plan helped make the USSR a leading industrial nation."

https://artir.files.wordpress.com/2016/03/sovgdp.png?w=640

Stalin's GDP was far inferior to US GDP; however, the Russian tyrant didn't resort to a century of chattel slavery to accomplish his economic goals.

And it’s been a century of communist misery ever since. Even Venezuela had people feeling good about things the first few years. It’s always short term though, it has to be by design. You only get to steal from the rich for so long. Eventually you’ve taken everything they had and there is no more to steal. That’s when the misery sets in. This is where the socialist run out of answers.

It’s an easy concept to grasp. Socialism works like this...

You have ten chickens producing a dozen eggs a day. Me, the government decides you aren’t being fair with your egg distribution so I pass a law you have to produce two dozen and give half away. When you can’t do that I decide you’re a greedy asshole so I take your chickens. When you can’t produce even the dozen eggs I give the people free chicken dinners. Which makes them very happy for about a week. Suddenly there are no more eggs, or chickens. Everyone is fucked then.

But capitalism American style at least, fails often and then government steps in to bail it out.

But capitalism American style at least, fails often and then government steps in to bail it out.

Capitalism is hard wired to fail due to its undying allegiance to monopolistic profit maximization until its workers can no longer afford to buy what they produce:

Economic democracy - Wikipedia

"Proponents of economic democracy generally argue that modern capitalism periodically results in economic crises characterized by deficiency of effective demand as society is unable to earn enough income to purchase its output production.

"Corporate monopoly of common resources typically creates artificial scarcity, resulting in socio-economic imbalances that restrict workers from access to economic opportunity and diminish consumer purchasing power.[3][4]

"Economic democracy has been proposed as a component of larger socioeconomic ideologies, as a stand-alone theory and as a variety of reform agendas.

"For example, as a means to securing full economic rights, it opens a path to full political rights, defined as including the former.[1] "

Wow … what an ass-backwards conclusion. Capitalism does not seek to produce workers who cannot afford to purchase what they produce. Even a child can see that would be self-defeating and in no one's best interest. There is no point in producing if no one can afford to buy. Capitalism aims to provide goods and services with prices determined by competitive market forces - not gov't edict - and any producer who fails to do is soon out of biz. Socialism decides what you need and doesn't care if no one wants it.