In my opinion, you're an idiot if that's what you actually think.
A twist: Libs, show us a place on Earth where capitalism failed??
- Thread starter bucs90
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bripat9643
Diamond Member
- Apr 1, 2011
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No, that's not "how capitalism works." If you want to see where the distribution of income is the widest, just look at where the policies liberals favor are in full force.
How exactly do liberal policies widen the income gap? We both know you can't answer that.
waltky
Wise ol' monkey
Right here in America...
... we ain't the largest debtor nation...
... for no reason...
... and when the rest of the world finally figures it out...
... our goose is cooked.
... we ain't the largest debtor nation...
... for no reason...
... and when the rest of the world finally figures it out...
... our goose is cooked.
georgephillip
Diamond Member
The US is the latest in a five thousand year-long list of nations being hollowed out by the "miracle of compound interest"
J. P. Morgan and John D. Rockefeller are said to have called the principle of compound interest the Eighth Wonder of the World. For them it meant concentrating financial fortunes in the hands of an emerging oligarchy indebting the economy to itself at an exponential rate. This has been the key factor in polarizing the distribution of wealth and political power in societies that do not take steps to cope with this dynamic."
http://store.counterpunch.org/wp-content/uploads/2015/08/Killing-The-Host_PDF_V7.pdf (p. 36)
Debt that compounds exponentially strangles a productive economy in much the same way a pond covered with lily pads suffocates all other living organisms in the pond.
Imagine a single lily pad in the middle of an empty pond.
The lily and all its descendants double in size every day for thirty days, at which point the entire pond's surface is covered.
At which day is the pond half-filled?
Day 29.
And that is where the US debt level is today (imho)
Requiring all Businesses with more than 5 full time employees to carry insurance on all employes means no business hires that 6th full timer. They hire more part timers instead. Keeping the poor poor.
Establishing a minimum wage above market keeps employers from hiring people and training them for the job. Instead they hire experience only making it harder for first timers to find a job.
georgephillip
Diamond Member
Where has capitalism failed?
"Detroit's decline is a distinctively capitalist failure"
Richard Wolff
Detroit's decline is a distinctively capitalist failure | Richard Wolff
"Capitalism as a system ought to be judged by its failures as well as its successes.
"The automobile-driven economic growth of the 1950s and 1960s made Detroit a globally recognized symbol of successful capitalist renewal after the great depression and the war (1929-1945).
"High-wage auto industry jobs with real security and exemplary benefits were said to prove capitalism's ability to generate and sustain a large 'middle class', one that could include African Americans, too.
"Auto-industry jobs became inspirations and models for what workers across America might seek and acquire – those middle-class components of a modern 'American Dream'.
"True, quality jobs in Detroit were forced from the automobile capitalists by long and hard union struggles, especially across the 1930s.
"Once defeated in those struggles, auto capitalists quickly arranged to rewrite the history so that good wages and working conditions became something they "gave" to their workers.
"In any case, Detroit became a vibrant, world-class city in the 1950s and 1960s; its distinctive culture and sound shaped the world's music much as its cars shaped the world's industries.
"Over the past 40 years, capitalism turned that success into the abject failure culminating now in the largest municipal bankruptcy in US history."
"Detroit's decline is a distinctively capitalist failure"
Richard Wolff
Detroit's decline is a distinctively capitalist failure | Richard Wolff
"Capitalism as a system ought to be judged by its failures as well as its successes.
"The automobile-driven economic growth of the 1950s and 1960s made Detroit a globally recognized symbol of successful capitalist renewal after the great depression and the war (1929-1945).
"High-wage auto industry jobs with real security and exemplary benefits were said to prove capitalism's ability to generate and sustain a large 'middle class', one that could include African Americans, too.
"Auto-industry jobs became inspirations and models for what workers across America might seek and acquire – those middle-class components of a modern 'American Dream'.
"True, quality jobs in Detroit were forced from the automobile capitalists by long and hard union struggles, especially across the 1930s.
"Once defeated in those struggles, auto capitalists quickly arranged to rewrite the history so that good wages and working conditions became something they "gave" to their workers.
"In any case, Detroit became a vibrant, world-class city in the 1950s and 1960s; its distinctive culture and sound shaped the world's music much as its cars shaped the world's industries.
"Over the past 40 years, capitalism turned that success into the abject failure culminating now in the largest municipal bankruptcy in US history."
regent
Gold Member
- Jan 30, 2012
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When VW brought began importing cars that were dependable, thrifty and easy to drive, Detroit's answer was to add bigger tail fins to its cars.Where has capitalism failed?
"Detroit's decline is a distinctively capitalist failure"
Richard Wolff
Detroit's decline is a distinctively capitalist failure | Richard Wolff
"Capitalism as a system ought to be judged by its failures as well as its successes.
"The automobile-driven economic growth of the 1950s and 1960s made Detroit a globally recognized symbol of successful capitalist renewal after the great depression and the war (1929-1945).
"High-wage auto industry jobs with real security and exemplary benefits were said to prove capitalism's ability to generate and sustain a large 'middle class', one that could include African Americans, too.
"Auto-industry jobs became inspirations and models for what workers across America might seek and acquire – those middle-class components of a modern 'American Dream'.
"True, quality jobs in Detroit were forced from the automobile capitalists by long and hard union struggles, especially across the 1930s.
"Once defeated in those struggles, auto capitalists quickly arranged to rewrite the history so that good wages and working conditions became something they "gave" to their workers.
"In any case, Detroit became a vibrant, world-class city in the 1950s and 1960s; its distinctive culture and sound shaped the world's music much as its cars shaped the world's industries.
"Over the past 40 years, capitalism turned that success into the abject failure culminating now in the largest municipal bankruptcy in US history."
bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
- 47,419
- 2,180
Where has capitalism failed?
"Detroit's decline is a distinctively capitalist failure"
Richard Wolff
Detroit's decline is a distinctively capitalist failure | Richard Wolff
"Capitalism as a system ought to be judged by its failures as well as its successes.
"The automobile-driven economic growth of the 1950s and 1960s made Detroit a globally recognized symbol of successful capitalist renewal after the great depression and the war (1929-1945).
"High-wage auto industry jobs with real security and exemplary benefits were said to prove capitalism's ability to generate and sustain a large 'middle class', one that could include African Americans, too.
"Auto-industry jobs became inspirations and models for what workers across America might seek and acquire – those middle-class components of a modern 'American Dream'.
"True, quality jobs in Detroit were forced from the automobile capitalists by long and hard union struggles, especially across the 1930s.
"Once defeated in those struggles, auto capitalists quickly arranged to rewrite the history so that good wages and working conditions became something they "gave" to their workers.
"In any case, Detroit became a vibrant, world-class city in the 1950s and 1960s; its distinctive culture and sound shaped the world's music much as its cars shaped the world's industries.
"Over the past 40 years, capitalism turned that success into the abject failure culminating now in the largest municipal bankruptcy in US history."
Democrats (socialists) have been running detroit for the last 50 years.
Lakhota
Diamond Member
Show us a place where PURE capitalism has succeeded - without the aid of democratic socialism.
75 Ways Socialism Has Improved America
bripat9643
Diamond Member
- Apr 1, 2011
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Virtually pure capitalism succeeded spectacularly in the USA until 1914. The bottom line is that the closer a nation gets to pure capitalism, the faster its economy grows and the wealthier it becomes.
D
Deleted member 53821
Guest
THey always seem to have a list of counter-arguments ready whenever someone post something like this. It makes me wonder where their minds are on the issue. Do they spend their day thinking of counter arguments to free-enterprise and if so, why? Why do they do that and no one else does.
bripat9643
Diamond Member
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Yes, the have a pre-canned list of pap devised by the communist professors in our public universities. Those are all lies, of course. Their theory is that volume is a good compensator for lack of quality. Considering the ignorance and stupidity of the American vote, I'm afraid that often it is.
georgephillip
Diamond Member
Agreed.When VW brought began importing cars that were dependable, thrifty and easy to drive, Detroit's answer was to add bigger tail fins to its cars.Where has capitalism failed?
"Detroit's decline is a distinctively capitalist failure"
Richard Wolff
Detroit's decline is a distinctively capitalist failure | Richard Wolff
"Capitalism as a system ought to be judged by its failures as well as its successes.
"The automobile-driven economic growth of the 1950s and 1960s made Detroit a globally recognized symbol of successful capitalist renewal after the great depression and the war (1929-1945).
"High-wage auto industry jobs with real security and exemplary benefits were said to prove capitalism's ability to generate and sustain a large 'middle class', one that could include African Americans, too.
"Auto-industry jobs became inspirations and models for what workers across America might seek and acquire – those middle-class components of a modern 'American Dream'.
"True, quality jobs in Detroit were forced from the automobile capitalists by long and hard union struggles, especially across the 1930s.
"Once defeated in those struggles, auto capitalists quickly arranged to rewrite the history so that good wages and working conditions became something they "gave" to their workers.
"In any case, Detroit became a vibrant, world-class city in the 1950s and 1960s; its distinctive culture and sound shaped the world's music much as its cars shaped the world's industries.
"Over the past 40 years, capitalism turned that success into the abject failure culminating now in the largest municipal bankruptcy in US history."
Detroit's decline is a distinctively capitalist failure | Richard Wolff
"The key decision-makers – major shareholders in General Motors, Ford, Chrysler, etc, and the boards of directors they selected – made many disastrous decisions. They failed in competition with European and Japanese automobile capitalists and so lost market share to them.
"They responded too slowly and inadequately to the need to develop new fuel-saving technologies.
"And, perhaps most tellingly, they responded to their own failures by deciding to move production out of Detroit so they could pay other workers lower wages."
Moving production out of Detroit would not have happened if every worker in the auto industry had possessed a vote on the matter.
francoHFW
Diamond Member
Those are the clean, non GOP capitalists, stupid. lol duh.
georgephillip
Diamond Member
Democrats weren't running the Big Three auto makers, and those car companies were not run democratically. Had every worker had a vote on the future of US auto production, millions of middle class jobs would still be located in the Detroit area.Where has capitalism failed?
"Detroit's decline is a distinctively capitalist failure"
Richard Wolff
Detroit's decline is a distinctively capitalist failure | Richard Wolff
"Capitalism as a system ought to be judged by its failures as well as its successes.
"The automobile-driven economic growth of the 1950s and 1960s made Detroit a globally recognized symbol of successful capitalist renewal after the great depression and the war (1929-1945).
"High-wage auto industry jobs with real security and exemplary benefits were said to prove capitalism's ability to generate and sustain a large 'middle class', one that could include African Americans, too.
"Auto-industry jobs became inspirations and models for what workers across America might seek and acquire – those middle-class components of a modern 'American Dream'.
"True, quality jobs in Detroit were forced from the automobile capitalists by long and hard union struggles, especially across the 1930s.
"Once defeated in those struggles, auto capitalists quickly arranged to rewrite the history so that good wages and working conditions became something they "gave" to their workers.
"In any case, Detroit became a vibrant, world-class city in the 1950s and 1960s; its distinctive culture and sound shaped the world's music much as its cars shaped the world's industries.
"Over the past 40 years, capitalism turned that success into the abject failure culminating now in the largest municipal bankruptcy in US history."
Democrats (socialists) have been running detroit for the last 50 years.
francoHFW
Diamond Member
OP- The United States,duh, under out of control capitalism under greedy idiot GOP leadership DUH. 1929 and 2008. The first gave us Hitler and Tojo, the second Brexit and Trump and we'll see. Depressions are great for RW demagogue liars and haters. Thank god this time liberals got into power FAST to avert a full blown depression in the modern word. Only cost 6-8 TRILLION in the USA.
francoHFW
Diamond Member
Another ignorant GOPer who thinks the USA was a capitalist utopia in the 1800s. It helps to have incredible natural resources and huge lands to move west to, but there were panics and recessions every few years and most of the population lived in misery, Read "The Good Old Days-They Were Terrible". Everything, food, drink, work, travel, lodging etc etc were dangerous and unfair.
Same thing has been happening more and more under Reaganism the last 35 years, and the dupes blame the victims. See sig.
georgephillip
Diamond Member
Trump and Brexit may have an accomplice:
Donald Trump and Rupert Murdoch sit down for post-Brexit dinner
"One day after the U.K. referendum results shocked the world, Donald Trump dined with Rupert Murdoch, the owner of some of Britain's best known newspapers.
No doubt the two businessmen had a lot to talk about."
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