Capitalism is NOT Democratic: Democracy is NOT Capitalist

[georgephillip]

Germany is an inferior and backwards state. Not a good example. The reason for that outsourcing was too much interference from government.

You know nothing about Germany:

Economy of Germany - Wikipedia

"The economy of Germany is a highly developed social market economy.[20] It has the largest national economy in Europe, the fourth-largest by nominal GDP in the world, and fifth by GDP (PPP). In 2017, the country accounted for 28% of the euro area economy according to the International Monetary Fund"

Germany doesn't enslave its workers in medical or student debt thereby reducing the cost of living and doing business unlike the US which is rapidly transforming itself into a nation of debt slaves.

 

[Turtlesoup]

Imho, the US and global economy will crash on Biden's watch, and he is responsible for implementing many of the neoliberal economic policies responsible for our current condition which began to take hold under Reagan, Bush I, and Clinton.

Global capitalism has been restructured three times over the past century, 1908-1917, 1944-53, and 1979-86 with the latest being referred to as the neoliberal restructuring. It crashed in 2008 and has been on government life support ever since. Then came Trump and Covid.

Whatever comes next will likely continue to impoverish millions in order to produce even more billionaire parasites like Trump and their political puppets like Biden.

American's Asleep At the Wheel Driving Into Debt Slavery :: The Market Oracle ::

Biden is Trump's puppet? Seriously.......

 

[Toddsterpatriot]

The economist Michael Hudson likens our current political economy to Rome's creditor dominant model which produced the initial Dark Age. When ten percent of a population turn the majority into debt slaves, the barbarians find it relatively easy to take control.

Yesterday marked the 50th anniversary of Nixon's decision to unilaterally cancel the direct international convertibility of the US dollar into gold. The last half-century of freely floating fiat currencies probably crashed in 2008 but has survived on government supplied life support until Covid-19.

It appears likely another restructuring of capitalism is necessary if creditors are to continue profiting from the best government money can buy?

The DNA of Western civilization is financially unstable | Michael Hudson

"This overgrowth of debt is also destabilizing today’s U.S. and other financialized economies. Banking and financial interests have broken free of tax liability since 1980, and are enriching themselves not by helping the overall economy grow and raising living standards, but just the opposite: by getting the bulk of society into debt to themselves."

The MARXIST economist Michael Hudson.........

 

[georgephillip]

No--we were always supposed to be a republic. Democracies are mob rule and our founders hated the mob and thought most people were idiots.

Included among those founders were slave holding oligarchs who believed they were entitled hoard vast fortunes acquired through free labor and free land. Their fiscal descendants are engaged in similar tactics today on a much grander scale, and democracy is the only non-violent option society has to address those crimes:

Global Billionaire Pandemic Wealth Gains Surge to $5.5 Trillion - Inequality.org

"'The surge in global billionaire wealth as millions of people have lost their lives and livelihoods is a sickness that countries can no longer bear,' said Morris Pearl, former managing director at Blackrock and chair of the Patriotic Millionaires. 'Rich people getting endlessly richer is not good for anyone. Our economies are choking on this hoarded resource that could be serving a much greater purpose. Billionaires need to cough up that cash ball ―and governments need to make them do it by taxing their wealth.'"

 

[Toddsterpatriot]

"'The surge in global billionaire wealth as millions of people have lost their lives and livelihoods is a sickness that countries can no longer bear,'

LOL!

 

[georgephillip]

Venezuela, right now, is starving. Your socialist Mecca is witnessing the largest mass starvation in decades.

When did Venezuela nationalize its banks, before or after the US and UK stole its gold?

Bank of England tears up its Gold Custody contract with Venezuela’s central bank

"The reasons put forward by official sources in the Reuters and Times articles for why Venezuela can’t withdraw its gold from the Bank of England are clearly bogus. The more logical and likely explanation is that the US, through the White House, US Treasury and State Department have been liaising with the British Foreign office and HM Treasury to put pressure on the Bank of England to delay and push back on Venezuela’s gold withdrawal request.”

 

[Toddsterpatriot]

When did Venezuela nationalize its banks, before or after the US and UK stole its gold?

Bank of England tears up its Gold Custody contract with Venezuela’s central bank

"The reasons put forward by official sources in the Reuters and Times articles for why Venezuela can’t withdraw its gold from the Bank of England are clearly bogus. The more logical and likely explanation is that the US, through the White House, US Treasury and State Department have been liaising with the British Foreign office and HM Treasury to put pressure on the Bank of England to delay and push back on Venezuela’s gold withdrawal request.”

When did Venezuela nationalize its banks,

2010.

 

[georgephillip]

Ground-rents are a still more proper subject of taxation than the rent of houses. A tax upon ground-rents would not raise the rents of houses. It would fall altogether upon the owner of the ground-rent, who acts always as a monopolist, and exacts the greatest rent which can be got for the use of his ground.

Your link:

"A supply and demand diagram showing the effects of land value taxation in which burden of the tax is entirely on the landowner when the tax is implemented. The rental price of land does not change and there is no deadweight loss."

Georgism - Wikipedia

I wonder if George's singular focus on ground rent to the exclusion of all other forms of monopoly income represents what many of his critics view as his almost unconditional support of capital in general?

https://michael-hudson.com/wp-content/uploads/2010/03/0801GeorgesCritics.pdf

 

[MisterBeale]

Your link:

"A supply and demand diagram showing the effects of land value taxation in which burden of the tax is entirely on the landowner when the tax is implemented. The rental price of land does not change and there is no deadweight loss."

Georgism - Wikipedia

I wonder if George's singular focus on ground rent to the exclusion of all other forms of monopoly income represents what many of his critics view as his almost unconditional support of capital in general?

https://michael-hudson.com/wp-content/uploads/2010/03/0801GeorgesCritics.pdf

That's really an unknown variable isn't it?

We are making the assumption that monopolies would form after the imposition of such a systemic change.

 

[theHawk]

sorry but youre wrong,,
we are a constitutional republic,,

Not anymore. A stolen election means we are in fact not a constitutional republic anymore. We are now ruled by the oligarchs of leftwing fascism.

 

[theHawk]

https://projects.iq.harvard.edu/fil...-_is_capitalism_compatible_with_democracy.pdf

"Capitalism and democracy follow different logics: unequally distributed property rights on the one hand, equal civic and political rights on the other; profit oriented trade within capitalism in contrast to the search for the common good within democracy; debate, compromise and majority decision-making within democratic politics versus hierarchical decision-making by managers and capital owners.

"Capitalism is not democratic, democracy not capitalist.

"During the first postwar decades, tensions between the two were moderated through the socio-political embedding of capitalism by an interventionist tax and welfare state.

"Yet, the financialization of capitalism since the 1980s has broken the precarious capitalist-democratic compromise."

Reagan's tax cuts facilitated low interest rates and financial bubbles to promote US financial expansion by making real estate speculation and junk-bond corporate takeovers effectively exempt from income taxation.

This set in motion a chain-reaction of asset price inflation that is still polarizing this economy today.

The primary mode of accumulation has become financial, enabling investment bankers to replace government planners.

Why don’t you just call yourself GeorgeTheCommunist?

 

[progressive hunter]

Not anymore. A stolen election means we are in fact not a constitutional republic anymore. We are now ruled by the oligarchs of leftwing fascism.

I dont see it that way,,

 

[georgephillip]

china is Germany’s biggest trading partner. try again

What does that matter? German workers with voting rights sit on the boards of directors of the corporations they work for. Hence, their jobs didn't migrate to China when millions of US jobs did. The fact Germany and China trade with one another has nothing to do with German jobs staying in Germany.

 

[georgephillip]

How are people who produce a product that you purchase voluntarily "parasites."

Because they don't adequately reimburse the society that makes their earnings possible.

Covid Recession Year One: Who Gained? Who Lost? - CounterPunch.org

"Reports just released in recent days reveal 89% of the Fortune 500 companies increased their revenue this latest quarter (April-June 2021) by no less than 24.7% over the same quarter in 2020 when the Covid induced recession began.

"That 24.7% revenue explosion compares, by the way, to an average quarterly revenue gain of 4.5% over the past 5 (non-recession) years; and 3.4% average over the preceding 10 years after the last official recession ended in 2009."

 

[struth]

What does that matter? German workers with voting rights sit on the boards of directors of the corporations they work for. Hence, their jobs didn't migrate to China when millions of US jobs did. The fact Germany and China trade with one another has nothing to do with German jobs staying in Germany.

um yeah german jobs went to china hence what that highlights German companies also send millions and invest millions into manufacturing in China

not sure what you mean. about german workers with voting rights sit on the boards…

 

[Toddsterpatriot]

89% of the Fortune 500 companies increased their revenue this latest quarter (April-June 2021) by no less than 24.7% over the same quarter in 2020 when the Covid induced recession began.

It's amazing what ending lockdowns will do for corporate revenues.

 

[Toddsterpatriot]

Because they don't adequately reimburse the society that makes their earnings possible.

Covid Recession Year One: Who Gained? Who Lost? - CounterPunch.org

"Reports just released in recent days reveal 89% of the Fortune 500 companies increased their revenue this latest quarter (April-June 2021) by no less than 24.7% over the same quarter in 2020 when the Covid induced recession began.

"That 24.7% revenue explosion compares, by the way, to an average quarterly revenue gain of 4.5% over the past 5 (non-recession) years; and 3.4% average over the preceding 10 years after the last official recession ended in 2009."

Because they don't adequately reimburse the society that makes their earnings possible.

Don't adequately reimburse? DURR!

Feel free to not work for them, use their products or buy their stock.

 

[westwall]

What does that matter? German workers with voting rights sit on the boards of directors of the corporations they work for. Hence, their jobs didn't migrate to China when millions of US jobs did. The fact Germany and China trade with one another has nothing to do with German jobs staying in Germany.

The fuck they didn't. Go into any German hardware store and virtually everything is made in china. Are you truly this stupid or do you have ZERO international travel experience?

 

[Toddsterpatriot]

The fuck they didn't. Go into any German hardware store and virtually everything is made in china. Are you truly this stupid or do you have ZERO international travel experience?

He's truly stupid.

 

[westwall]

He's truly stupid.

Sure seems that way, doesn't it