Whats the problem with the US Economy

[Quantum Windbag]

For a number of reasons, me boy. You could start by reading Adam Smith's Wealth of Nations. He, among others of his following, believed that monopoly power made capitalism unworkable. He recomended regulation of monopolistic industries.
But, if as you believe, free markets are bound to work, try showing us one. And where is that libertarian example??

It is too bad I can point to real world examples that prove an unregulated market does not lead to monopolies.

But you are misreading what I said. On purpose, I suspect. What I said was, and is, monopolistic power and monopolistic industries. A true monopoly would be a single company in any industry. Which does not exist for a variety of reasons, most importantly, geography. But lets see your best effort.

Like I said, I can point to real world examples that prove monopolies do not happen in unregulated markets. Not sure how you go from that to me misunderstanding your post, especially when you counter me by talking about things that happen in regulated markets, but we already know you are one of the dumbest posters on the board.

Tell me something, what is the only unregulated market that exists in the world? It is international in scope, makes billions, and not a single government on the planet has a say in how it works. There are no regulations regarding product safety, no minimum wage laws apply at all, and there are no taxes on the income. Think about it, prove you are as mart as I am giving you credit for being and tell me what it is, and then explain why Adam Smith was wrong.

 

[Quantum Windbag]

Ah, but it has been tried. Just never worked. Because, you see, you are talking about a libertarian economy. And a libertarian economy has about the same chance of success as a communist economy. Both lead to economic cesspools for the people. Which is why you can not name one that has worked.
Relative to the US without income taxes, yes that was true. It did exist. But the gov was then financed primarily by tariffs. May be helpful today, but not likely to be exclusive of income taxes.

How does a completely free market not work? Free markets are defined by win-win trades and nothing else.

The MAFIA completely agrees with you on this.

They ALO believe that all markets, all economic activities and all individuals should be completely free to do whatever they want, whenever they want, to whomever they want

After all, all regulations are violation of somebody's freedoms.

Actually, they don't.

 

[EdwardBaiamonte]

Ah, but it has been tried. Just never worked. Because, you see, you are talking about a libertarian economy. And a libertarian economy has about the same chance of success as a communist economy. Both lead to economic cesspools for the people. Which is why you can not name one that has worked.
Relative to the US without income taxes, yes that was true. It did exist. But the gov was then financed primarily by tariffs. May be helpful today, but not likely to be exclusive of income taxes.

How does a completely free market not work? Free markets are defined by win-win trades and nothing else.

The MAFIA completely agrees with you on this.

They ALO believe that all markets, all economic activities and all individuals should be completely free to do whatever they want, whenever they want, to whomever they want

After all, all regulations are violation of somebody's freedoms.

pure idiotic and perfectly liberal!! Neither Jefferson nor Friedman were anarchists, but they were ardent capitalists

 

[EdwardBaiamonte]

Like I said, I can point to real world examples that prove monopolies do not happen in unregulated markets.

its true they don't exist but the closer to a monopoly a company has the more competition it inspires. Thats the beauty of capitalism. This is common sense but over a liberals head. They prefer socialism like ObamaCare where competition will be more and more illegal.

Stupid or what??

 

[akelch]

It is too bad I can point to real world examples that prove an unregulated market does not lead to monopolies.

But you are misreading what I said. On purpose, I suspect. What I said was, and is, monopolistic power and monopolistic industries. A true monopoly would be a single company in any industry. Which does not exist for a variety of reasons, most importantly, geography. But lets see your best effort.

Like I said, I can point to real world examples that prove monopolies do not happen in unregulated markets. Not sure how you go from that to me misunderstanding your post, especially when you counter me by talking about things that happen in regulated markets, but we already know you are one of the dumbest posters on the board.

Tell me something, what is the only unregulated market that exists in the world? It is international in scope, makes billions, and not a single government on the planet has a say in how it works. There are no regulations regarding product safety, no minimum wage laws apply at all, and there are no taxes on the income. Think about it, prove you are as mart as I am giving you credit for being and tell me what it is, and then explain why Adam Smith was wrong.

There is none.....Hong Kong would be the closest.

 

[Quantum Windbag]

But you are misreading what I said. On purpose, I suspect. What I said was, and is, monopolistic power and monopolistic industries. A true monopoly would be a single company in any industry. Which does not exist for a variety of reasons, most importantly, geography. But lets see your best effort.

Like I said, I can point to real world examples that prove monopolies do not happen in unregulated markets. Not sure how you go from that to me misunderstanding your post, especially when you counter me by talking about things that happen in regulated markets, but we already know you are one of the dumbest posters on the board.

Tell me something, what is the only unregulated market that exists in the world? It is international in scope, makes billions, and not a single government on the planet has a say in how it works. There are no regulations regarding product safety, no minimum wage laws apply at all, and there are no taxes on the income. Think about it, prove you are as mart as I am giving you credit for being and tell me what it is, and then explain why Adam Smith was wrong.

There is none.....Hong Kong would be the closest.

Yes there is, and it is in neighborhood.

 

[LibertyLemming]

oh oh pick me pick me!

 

[Rshermr]

Like I said, I can point to real world examples that prove monopolies do not happen in unregulated markets. Not sure how you go from that to me misunderstanding your post, especially when you counter me by talking about things that happen in regulated markets, but we already know you are one of the dumbest posters on the board.

Tell me something, what is the only unregulated market that exists in the world? It is international in scope, makes billions, and not a single government on the planet has a say in how it works. There are no regulations regarding product safety, no minimum wage laws apply at all, and there are no taxes on the income. Think about it, prove you are as mart as I am giving you credit for being and tell me what it is, and then explain why Adam Smith was wrong.

There is none.....Hong Kong would be the closest.

Yes there is, and it is in neighborhood.

I suggested that there are no economies, as in countries with economies, that are totally unregulated. And if there were, they would tend toward monopoly. You are changing the subject, Windbag. Because you can not point to a national economy.

 

[LibertyLemming]

Economies don't belong to countries nerd

 

[Quantum Windbag]

There is none.....Hong Kong would be the closest.

Yes there is, and it is in neighborhood.

I suggested that there are no economies, as in countries with economies, that are totally unregulated. And if there were, they would tend toward monopoly. You are changing the subject, Windbag. Because you can not point to a national economy.

You suggested nothing of the sort. Even if you did, the fact that a totally unregulated market exists means that an economy exists that is unregulated.

 

[Rshermr]

Yes there is, and it is in neighborhood.

I suggested that there are no economies, as in countries with economies, that are totally unregulated. And if there were, they would tend toward monopoly. You are changing the subject, Windbag. Because you can not point to a national economy.

You suggested nothing of the sort. Even if you did, the fact that a totally unregulated market exists means that an economy exists that is unregulated.

So, the thing is, windbag, that you are trying to define what an economy is. Which is kind of entertaining, I guess. But makes you irrelevant as always. No one cares if there is an unregulated entity within an economy. You need a little economics understanding, or perhaps you simply need to be truthfull. Not sure which.

 

[Rshermr]

Economies don't belong to countries nerd

Belong? I did not say they did. Did you, dipshit? What I did say is that countries have economies. So, dipshit, the US has an economy. The UK has an economy. Get it yet, dipshit. Or is this too advanced for you.

 

[ScienceRocks]

Both sides from the union to the corporate office is too willing to fuck over each other.

That's what's wrong with our economy.

 

[LibertyLemming]

Economies don't belong to countries nerd

Belong? I did not say they did. Did you, dipshit? What I did say is that countries have economies. So, dipshit, the US has an economy. The UK has an economy. Get it yet, dipshit. Or is this too advanced for you.

So the US "has" an economy but it doesn't belong to it? Are we borrowing it? If I have apples they are either mine or somebody else's.

 

[Quantum Windbag]

I suggested that there are no economies, as in countries with economies, that are totally unregulated. And if there were, they would tend toward monopoly. You are changing the subject, Windbag. Because you can not point to a national economy.

You suggested nothing of the sort. Even if you did, the fact that a totally unregulated market exists means that an economy exists that is unregulated.

So, the thing is, windbag, that you are trying to define what an economy is. Which is kind of entertaining, I guess. But makes you irrelevant as always. No one cares if there is an unregulated entity within an economy. You need a little economics understanding, or perhaps you simply need to be truthfull. Not sure which.

I am not trying to define anything, I am using the words properly, it isn't my fault you don't understand English.

1the state of a country or region in terms of the production and consumption of goods and services and the supply of money: he favours tax cuts to stimulate the economy
a particular system or stage of an economy: a free-market economy

Definition of economy - economic system, economics and practice

That disposed of, there is a real world example of an entire economy that has no regulation at all, and no one has created a monopoly. Until you deal with the real world data that disproves your premise you have no cause to be condescending to anyone.

 

[MikeK]

Which of Friedmans theories do you have in mind? and why????

Please tell us or admit to being a low IQ liberal

The same theories Friedmen recommended to Pinochet which led to the destruction of the Chilean middle class, the rise of a financial nobility, and a long period of economic enslavement. Anyone who wishes to understand the details need only read Naomi Klein's, The Shock Doctrine.

so then why be so afraid to give us the most significant policy to which you refer??? What does your fear tell you about the liberal IQ and character?

The most recent example of Friedman's supply side economics is manifest in Ronald Reagan's "trickle down" scam which led to the near collapse of the U.S. Economy in 2008 under the tutelage of another right-wing corporatist puppet, George W. Bush.

 

[ScienceRocks]

Our problem is there's to many under 80 iq'ed people and people willing to fuck people for power. Time for us to gene slice and ban evil people on both sides.

 

[akelch]

I thought this would be a place that people would talk about solutions....I was wrong...just more bickering.

Does anyone have a "real" solution on how to help change our country's situation?

 

[EdwardBaiamonte]

The most recent example of Friedman's supply side economics is manifest in Ronald Reagan's "trickle down" scam

did the liberal think tax cuts to the poor would cause them to invent new products that would trickle up to the middle class ???????? Is this really the quality of liberal thinking??

which led to the near collapse of the U.S. Economy in 2008

actually it was a housing collapse caused by the liberal Federal Reserve policy of stimulating the housing market. IF as a liberal you have not heard of the the Fed you should not try to comment.

under the tutelage of another right-wing corporatist puppet, George W. Bush.

dear, Barry just took the entire health care industry(18% of economy) under his fascist corporatist liberal wing. Republicans opposed 100%. Do you get everything 100% backwards?