Capitalism seen doing 'more harm than good' in global survey

[Markle]

As long as American right wingers refuse to understand that regulations and controls are not a bane to capitalism, but a CRITICAL COMPONENT of capitalism, socialism will continue to gain adherents.

They somehow don't see this. They prefer to just shoot themselves in the foot. No doubt the socialists appreciate their dogged assistance.
.

No one, not the staunchest Conservative believes we should have no regulations. The issue comes in when too many regulations. Do you agree?

Of course, a prime example is California. They have regulated their forests to death. For many decades they have prohibited logging, controlled burns, even roads going into and through those forests. As a result, they have uncontrollable fires, costing many lives and billions of dollars in damage. How is that good for California?

 

[Markle]

No doubt those who are pushing socialism appreciate the right wing's abject indifference to our increasing wealth disparities.

In my lifetime, Bill Gates and Jeff Bezos acquired nearly a QUARTER OF A TRILLION DOLLARS.

Specifically, how much money did that acquisition take out of your pocket? How much richer, what part of that quarter of a trillion dollars would be in your pocket today?

Don't know, don't care.

Millions do, however, and they vote. And mocking them doesn't help.
.

So you agree that the fact that Bill Gates and Jeff Bezos, who acquired nearly a QUARTER OF A TRILLION DOLLARS did not affect your net worth one dime and very well added to your wealth. How is that a bad thing?

If millions do believe that myth, don't you agree that they should be educated rather than continue to be misled?

 

[Markle]

That's what Wall Street demanded when the Reserve started raising rates. Trump yelled that they needed to stop. Trump called for negative rates. This harms many but those who already have screamed GIVE US MORE!!!!!

As you know, the Fed, after eight years of basically zero interest rates, raised the rates too quickly and too high. President Donald Trump did NOT call for negative rates. He asked for them to be lowered which was the right thing to do. Specifically, who does that harm?

 

[pknopp]

As I've noted many times, we are not a nation that runs on Capitalism.

Every nation runs on capitalism, fool.

Capitalists do not bail out a business that failed.

I agree. GM should have folded. But the UAW and statists decided otherwise. And a few accounting tricks later, they still haven't paid back the American taxpayer.

I'll never buy a new GM product for that reason.

Wall Street shouldn't still be getting billions and billions by the week either.

Can you show me direct proof that "Wall St" is getting billions by the week? Give me an example. Preferably an example that you can document.

You know what I'm talking about.

Fed Pumps $70.1 Billion in One-Day Liquidity Into Financial Markets

One Trader Rants "It's Time For Central Bankers To Stop Bullshitting & Admit They Failed"

 

[daveman]

In my lifetime, Bill Gates and Jeff Bezos acquired nearly a QUARTER OF A TRILLION DOLLARS.

Specifically, how much money did that acquisition take out of your pocket? How much richer, what part of that quarter of a trillion dollars would be in your pocket today?

Don't know, don't care.

Millions do, however, and they vote. And mocking them doesn't help.
.

If they want me to vote with them, however, they need to be able to rationally explain their position.

NOTE: "GIBS ME DAT" is not a rational explanation.

That's what Wall Street demanded when the Reserve started raising rates. Trump yelled that they needed to stop. Trump called for negative rates. This harms many but those who already have screamed GIVE US MORE!!!!!

And this is an inducement to vote Democrat?

Not seeing it.

That's a vast generalization I would never make. I'm not a blind partisan.

Uh huh. All you've done in this thread is CAPITALISM SUX.

Now, which party agrees that CAPITALISM SUX?

 

[pknopp]

That's what Wall Street demanded when the Reserve started raising rates. Trump yelled that they needed to stop. Trump called for negative rates. This harms many but those who already have screamed GIVE US MORE!!!!!

As you know, the Fed, after eight years of basically zero interest rates, raised the rates too quickly and too high. President Donald Trump did NOT call for negative rates. He asked for them to be lowered which was the right thing to do. Specifically, who does that harm?

They barely raised them.

Give me some of that: Trump renews call for negative U.S. interest rates

It harms retiree's who were living off their savings.

 

[pknopp]

Don't know, don't care.

Millions do, however, and they vote. And mocking them doesn't help.
.

If they want me to vote with them, however, they need to be able to rationally explain their position.

NOTE: "GIBS ME DAT" is not a rational explanation.

That's what Wall Street demanded when the Reserve started raising rates. Trump yelled that they needed to stop. Trump called for negative rates. This harms many but those who already have screamed GIVE US MORE!!!!!

And this is an inducement to vote Democrat?

Not seeing it.

That's a vast generalization I would never make. I'm not a blind partisan.

Uh huh. All you've done in this thread is CAPITALISM SUX.

Now, which party agrees that CAPITALISM SUX?

You can address my point or not. The (D)'s by and large do the exact same things I claim should NOT be done. Oddly many others agree it shouldn't but yet feel they have to defend it.

 

[Flash]

Capitalism seen doing 'more harm than good' in global survey
Capitalism seen doing 'more harm than good' in global survey

Nearly 1.1 billion fewer people are living in extreme poverty than in 1990.
In 2015, 736 million people lived on less than $1.90 a day, down from 1.85 billion in 1990.
Capitalism seen doing 'more harm than good' in global survey

So not only are there less people in extreme poverty but there are more
In 1990 there were 5,327,231,041 people... https://www.populationpyramid.net/world/1990/
In 2019 there were 7,713,468,205 people... https://www.populationpyramid.net/world/2019/

Facts are there are 1.1 billion fewer people in poverty even though there is 44% more people!

Socialism has put hundreds of millions more people in poverty than Capitalism.

With Capitalism if you are poor then it is your own damn fault.

With Socialism it is the fault of the government, and you for being so stupid as to let the government do it to you.

The best way to stay out of poverty is to not vote in Socialists and their failed economic polices.

 

[daveman]

If they want me to vote with them, however, they need to be able to rationally explain their position.

NOTE: "GIBS ME DAT" is not a rational explanation.

That's what Wall Street demanded when the Reserve started raising rates. Trump yelled that they needed to stop. Trump called for negative rates. This harms many but those who already have screamed GIVE US MORE!!!!!

And this is an inducement to vote Democrat?

Not seeing it.

That's a vast generalization I would never make. I'm not a blind partisan.

Uh huh. All you've done in this thread is CAPITALISM SUX.

Now, which party agrees that CAPITALISM SUX?

You can address my point or not. The (D)'s by and large do the exact same things I claim should NOT be done. Oddly many others agree it shouldn't but yet feel they have to defend it.

So what's to be done? I see you're against a lot of things.

Are you actually for anything?

 

[daveman]

Capitalism seen doing 'more harm than good' in global survey
Capitalism seen doing 'more harm than good' in global survey

Nearly 1.1 billion fewer people are living in extreme poverty than in 1990.
In 2015, 736 million people lived on less than $1.90 a day, down from 1.85 billion in 1990.
Capitalism seen doing 'more harm than good' in global survey

So not only are there less people in extreme poverty but there are more
In 1990 there were 5,327,231,041 people... https://www.populationpyramid.net/world/1990/
In 2019 there were 7,713,468,205 people... https://www.populationpyramid.net/world/2019/

Facts are there are 1.1 billion fewer people in poverty even though there is 44% more people!

Socialism has put hundreds of millions more people in poverty than Capitalism.

With Capitalism if you are poor then it is your own damn fault.

With Socialism it is the fault of the government, and you for being so stupid as to let the government do it to you.

The best way to stay out of poverty is to not vote in Socialists and their failed economic polices.

There are only two countries in the entire Western hemisphere where poverty is increasing:

Belize...and Venezuela.

 

[pknopp]

That's what Wall Street demanded when the Reserve started raising rates. Trump yelled that they needed to stop. Trump called for negative rates. This harms many but those who already have screamed GIVE US MORE!!!!!

And this is an inducement to vote Democrat?

Not seeing it.

That's a vast generalization I would never make. I'm not a blind partisan.

Uh huh. All you've done in this thread is CAPITALISM SUX.

Now, which party agrees that CAPITALISM SUX?

You can address my point or not. The (D)'s by and large do the exact same things I claim should NOT be done. Oddly many others agree it shouldn't but yet feel they have to defend it.

So what's to be done? I see you're against a lot of things.

Are you actually for anything?

I'd love if we actually operated under capitalism.

 

[Andylusion]

Nothing I said, anywhere in my entire post did I suggest, by any stretch of the most wild or incoherent imagination, that we did not practice capitalism.

No bailing out failed businesses.

Of course not. You seem to be implying that because we have deviated from Capitalism, that this means we do not practice Capitalism. That is ridiculous. That is like saying because we have murder in this country, that we don't practice a right to life.

Fail. If someone is a murderer they do not respect a right to life. Your argument is that because someone else murders someone that does not mean you do not respect a right to life. That would be correct BUT it is the government breaking nearly every aspect of capitalism so it can not be operating on capitalism. It's operating on something else.

No being forced to get permission from the government to trade with your partners.

Agreed.

No Federal Reserve trying to control it all.

Impossible. While ideals would be great, it is not possible to have a system without a Federal Reserve. Simply impossible. Aiming for what is impossible, will discredit attempts to achieve what is possible.

Then we are operating on something other than Capitalism. The Federal Reserve is a system far closer to Socialism.

That is never going to happen but people are going to pretend we are a capitalist society. With that being the case I am going to do all I can to see that everything doesn't get dumped on the poor

We do live in a capitalist society. End of story. End of debate. I can open my own business today, and if successful, I could end up a multi-millionaire. In fact, I could simply save and invest my capital, even with a low income, and become a multi-millionaire. My parents are millionaires, because they saved and invested capital their whole lives.

People in Scandinavian countries that people condemn as socialist nations can't open their own business and be a success?

As far as seeing that everything does not get dumped on the poor, what does this mean? The poor are poor, because they make choices. The rich are rich, because they make choices.

What choices did Trump make to make himself rich? Trump is rich based upon what vagina he came out of. Trump failed and failed only to have daddy bail him out. Trump got banks to go along based upon who his daddy was. Can just anyone make that choice?

When someone makes bad choices in life the lead them to be poor, it's not you dumping on them.... it is them reaping the results of their choices.

You will never change this. Never. You can't force people to be wise. Thus you can not avoid people reaping poverty for bad choices.

Bankers are rich beyond rich but they failed. They failed but yet the government gave them billions and billions more. Right now the Federal Reserve still is. How much of the billions and billions being pumped is going to the country as a whole? Why should only a small percentage get the largest portion of this while the rest get very little?

How exactly is that capitalism?

That would be correct BUT it is the government breaking nearly every aspect of capitalism so it can not be operating on capitalism. It's operating on something else.

Really? So if I open a business tomorrow... does the government not protect my rights? Yes it does. That's capitalism. If I make a profit off of my business, and grow my capital, does government not respect my property? Yes it does. That's capitalism. If I change how I do business, say the product, or how I distribute the product, does the government not respect my property? Yes it does.

Please explain how the above being true, is not mutually exclusive to claiming government breaks nearly every aspect of capitalism?

People in Scandinavian countries that people condemn as socialist nations can't open their own business and be a success?

They are capitalist. They have some socialist aspects, yes. But the basic foundation of their economy is capitalist by any measure.

Country Rankings: World & Global Economy Rankings on Economic Freedom

Iceland is actually higher on the economic freedom index than the US. They are Capitalist.

Some of the biggest capitalist profit driven companies in the world are in the those countries. And the idea that they are socialist is ridiculous. The rich there, live like rich people. The poor there, live like poor people. Legos is based out of Denmark, and the daughter of the multi-billionaire executive team, owns an entire horse ranch with a thousand acres of land, because... she likes to take ponies to the pony shows, and win medals.

The rich are rich. The poor are poor. It's a capitalist based economy like any other.

What choices did Trump make to make himself rich? Trump is rich based upon what vagina he came out of. Trump failed and failed only to have daddy bail him out. Trump got banks to go along based upon who his daddy was. Can just anyone make that choice?

80% of all millionaires and billionaires are first generation rich. 80%. Yes, there are a few people who are born wealthy.

Further, maybe you are bit ignorant of how most things work, but nearly all successful people fail a bunch of times. Bill Gates, completely failed in his first business venture. So did Henry Heinz.
15 Highly Successful People Who Failed On Their Way To Success

Must successful people fail, sometimes multiple times, before they become successful. This is normal.

Bankers are rich beyond rich but they failed. They failed but yet the government gave them billions and billions more. Right now the Federal Reserve still is. How much of the billions and billions being pumped is going to the country as a whole? Why should only a small percentage get the largest portion of this while the rest get very little?

Well again, I'm a capitalist. I'm against government giving money to anyone.

But your entire statement is completely flaws. The rest get very little? What are you smoking?
70% of all government revenue goes to transfers to individuals. Roughly 15% of the entire economy, is being collected and redistributed to individual US citizens.

By any possible measure, the amount of money we gave to the banks, is a tiny fraction of how much is given out in government hand outs.

Again, that does not justify giving any money to anyone. But to claim that bankers are getting the bulk of the money, when over two Trillion dollars is being handed out EVERY SINGLE YEAR to the public... you are being just ignorantly absurd. Just totally insane.

Nothing I said, anywhere in my entire post did I suggest, by any stretch of the most wild or incoherent imagination, that we did not practice capitalism.

No bailing out failed businesses.

Of course not. You seem to be implying that because we have deviated from Capitalism, that this means we do not practice Capitalism. That is ridiculous. That is like saying because we have murder in this country, that we don't practice a right to life.

Fail. If someone is a murderer they do not respect a right to life. Your argument is that because someone else murders someone that does not mean you do not respect a right to life. That would be correct BUT it is the government breaking nearly every aspect of capitalism so it can not be operating on capitalism. It's operating on something else.

No being forced to get permission from the government to trade with your partners.

Agreed.

No Federal Reserve trying to control it all.

Impossible. While ideals would be great, it is not possible to have a system without a Federal Reserve. Simply impossible. Aiming for what is impossible, will discredit attempts to achieve what is possible.

Then we are operating on something other than Capitalism. The Federal Reserve is a system far closer to Socialism.

That is never going to happen but people are going to pretend we are a capitalist society. With that being the case I am going to do all I can to see that everything doesn't get dumped on the poor

We do live in a capitalist society. End of story. End of debate. I can open my own business today, and if successful, I could end up a multi-millionaire. In fact, I could simply save and invest my capital, even with a low income, and become a multi-millionaire. My parents are millionaires, because they saved and invested capital their whole lives.

People in Scandinavian countries that people condemn as socialist nations can't open their own business and be a success?

As far as seeing that everything does not get dumped on the poor, what does this mean? The poor are poor, because they make choices. The rich are rich, because they make choices.

What choices did Trump make to make himself rich? Trump is rich based upon what vagina he came out of. Trump failed and failed only to have daddy bail him out. Trump got banks to go along based upon who his daddy was. Can just anyone make that choice?

When someone makes bad choices in life the lead them to be poor, it's not you dumping on them.... it is them reaping the results of their choices.

You will never change this. Never. You can't force people to be wise. Thus you can not avoid people reaping poverty for bad choices.

Bankers are rich beyond rich but they failed. They failed but yet the government gave them billions and billions more. Right now the Federal Reserve still is. How much of the billions and billions being pumped is going to the country as a whole? Why should only a small percentage get the largest portion of this while the rest get very little?

How exactly is that capitalism?

That would be correct BUT it is the government breaking nearly every aspect of capitalism so it can not be operating on capitalism. It's operating on something else.

Really? So if I open a business tomorrow... does the government not protect my rights? Yes it does. That's capitalism. If I make a profit off of my business, and grow my capital, does government not respect my property? Yes it does. That's capitalism. If I change how I do business, say the product, or how I distribute the product, does the government not respect my property? Yes it does.

Please explain how the above being true, is not mutually exclusive to claiming government breaks nearly every aspect of capitalism?

It isn't always true.

Proposed Senatobia roundabout may force businesses to close

You only discuss vast generalizations, not the reality.

People in Scandinavian countries that people condemn as socialist nations can't open their own business and be a success?

They are capitalist. They have some socialist aspects, yes. But the basic foundation of their economy is capitalist by any measure.

Country Rankings: World & Global Economy Rankings on Economic Freedom

Iceland is actually higher on the economic freedom index than the US. They are Capitalist.

Some of the biggest capitalist profit driven companies in the world are in the those countries. And the idea that they are socialist is ridiculous. The rich there, live like rich people. The poor there, live like poor people. Legos is based out of Denmark, and the daughter of the multi-billionaire executive team, owns an entire horse ranch with a thousand acres of land, because... she likes to take ponies to the pony shows, and win medals.

The rich are rich. The poor are poor. It's a capitalist based economy like any other.

What choices did Trump make to make himself rich? Trump is rich based upon what vagina he came out of. Trump failed and failed only to have daddy bail him out. Trump got banks to go along based upon who his daddy was. Can just anyone make that choice?

80% of all millionaires and billionaires are first generation rich. 80%. Yes, there are a few people who are born wealthy.

Further, maybe you are bit ignorant of how most things work, but nearly all successful people fail a bunch of times. Bill Gates, completely failed in his first business venture. So did Henry Heinz.
15 Highly Successful People Who Failed On Their Way To Success

Must successful people fail, sometimes multiple times, before they become successful. This is normal.

Bankers are rich beyond rich but they failed. They failed but yet the government gave them billions and billions more. Right now the Federal Reserve still is. How much of the billions and billions being pumped is going to the country as a whole? Why should only a small percentage get the largest portion of this while the rest get very little?

Well again, I'm a capitalist. I'm against government giving money to anyone.

But your entire statement is completely flaws. The rest get very little? What are you smoking?
70% of all government revenue goes to transfers to individuals. Roughly 15% of the entire economy, is being collected and redistributed to individual US citizens.

By any possible measure, the amount of money we gave to the banks, is a tiny fraction of how much is given out in government hand outs.

Again, that does not justify giving any money to anyone. But to claim that bankers are getting the bulk of the money, when over two Trillion dollars is being handed out EVERY SINGLE YEAR to the public... you are being just ignorantly absurd. Just totally insane.

I keep on providing examples and you keep on using the excuse that you do not support that. It's irrelevant if you support it or not. It is what we do in the name of "capitalism" and there is nothing capitalistic about it.

But we're not doing that in the 'name of capitalism'.

What a dumb thing to say. Really? So Obama stood up there and said "In the name of Capitalism, I'm using tax money to bailout GM, and sell it to the Unions, for their political support!"

Do you realize how incompetent that sounds? Who did that? No one. Not a single person.

When Clinton sent Andrew Cuomo to sue banks to force them to make bad sub-prime loans... was he saying "In the name of Capitalism, we're going to dictate what loans banks make!"? Of course not.

What dumb comment.

Internet poster "Government did this!"

Me " That's not capitalism, and Capitalist like me oppose it"

Internet poster "you are making excuses!"

What?? Your arguments are dumb sir. Really dumb.

You only discuss vast generalizations, not the reality.

Basing your entire argument on the exceptions, is bad logic.
Life is not defined by the exceptions.

This is like claiming that the entire Soviet Union was Capitalist... because a few dozen farms were in fact privately owned for profit businesses. The massive socialized farms in the USSR, were failing so bad, that even Stalin allowed a small collection of private for-profit capitalist farms.

It's a ridiculous claim. The soviet union was socialized. They had a few splatterings of capitalism, but they were very much socialized.

The US is a capitalist based economy. We have a few splatterings of socialism, and we fight against them. But we are capitalist in nature by any possible measure.

 

[DOTR]

Meanwhile, wealth disparity increases.

.

Assuming wealth disparity is inherently bad that is. Where did you hear of such a thing?

 

[Flash]

Capitalism produces wealth and individual freedom

Socialism produces poverty and slavery.

Capitalism builds nations.

Socialism destroys nations.

 

[Andylusion]

Every nation runs on capitalism, fool.

Capitalists do not bail out a business that failed.

I agree. GM should have folded. But the UAW and statists decided otherwise. And a few accounting tricks later, they still haven't paid back the American taxpayer.

I'll never buy a new GM product for that reason.

Wall Street shouldn't still be getting billions and billions by the week either.

Can you show me direct proof that "Wall St" is getting billions by the week? Give me an example. Preferably an example that you can document.

You know what I'm talking about.

Fed Pumps $70.1 Billion in One-Day Liquidity Into Financial Markets

One Trader Rants "It's Time For Central Bankers To Stop Bullshitting & Admit They Failed"

They are not "getting" billions. They are selling securities, and the Fed is buying those securities.

If I sell you my car for $3,000... would you conclude "I'm giving Andy thousands of dollars!"? No, you would conclude that I sold you are car, and you bought a car.

Moreover, it's all lies. It's not real.
When you say "they pumped $70 Billion" into the markets, it's not actually true.

All the banks, by law, have a reserve fund with the Federal Reserve bank. When the Feds buy a treasury, they don't actually pull out the dump trucks, and pour $70 Billion dollars all over the place.

Instead all they do, is credit the bank with additional reserves to their reserve account at the Federal Reserve.
Where Did the Federal Reserve Get All that Money?

Now, you might ask the question, well, the Fed is going out and buying 2 trillion dollars of securities – how did we pay for that? And the answer is that we paid for those securities by crediting the bank accounts of the people who sold them to us​

So as you can see, there is no tax money being trucked over to big bank vaults.

Additionally, this entire situation is entirely temporary. Even your own link says this. The Repo market works day by day. So a temporary one or two day purchase, only puts liquidity into the market for one day.

Again, your own link spelled this out. The person selling the Treasury has to agree to buy it back... plus interest. So the Federal Reserve bought the $100 Treasury note, and then sells it back to the person who sold it, for $100+Interest.

Ironically the interest on those particular days was high. Almost 10% instead of the normal 1%-2% range.

So in fact, the Treasury likely made a killing off of their operations during a temporary high interest rate moment.

 

[Markle]

They barely raised them.

Give me some of that: Trump renews call for negative U.S. interest rates

It harms retiree's who were living off their savings.

The overnight cost of funds rose from 0,65% January 2017 up to 2.49% in February 2019. That is a 383% increase. That's barely being raised?

You got me on the call for negative interest rates although, again, President Trump is right. We are in competition with other countries which do have negative interest rates today. In addition, any businessman goes into negotiations asking for more than he'll settle for in the end.

Decades ago I attended a lecture by a renowned authority on raising Bonsai Trees. Someone questioned him about the severity of his pruning. He responded by saying that in the beginning, students did not listen. He went on, to say that when he wanted a branch pruned at the elbow, and he told the student to prune the plant at the elbow, they would prune at the wrist. So he taught to prune the branch at the shoulder which would result in the branch being pruned where he wanted, at the elbow.

 

[Andylusion]

Meanwhile, wealth disparity increases.

.

Assuming wealth disparity is inherently bad that is. Where did you hear of such a thing?

Years ago, i had a roommate. This roommate spent every single penny that they had, from one week to the next. Paid on Friday, broke... and I mean broke down to $10 to their name broke.... by Thursday.

I watched this happen for 2 full years. For two years, I was saving and investing, and had saved up several thousand, while they got poorer, and had nothing.

Why should there not be disparity? Why should those who act wisely, not have more than those who act foolishly?

I've never understood by people think this is bad.

 

[dblack]

There is less poverty under socialism because people keep starving to death.

They could solve that easy. Just make it illegal to starve.

 

[pknopp]

Nothing I said, anywhere in my entire post did I suggest, by any stretch of the most wild or incoherent imagination, that we did not practice capitalism.

No bailing out failed businesses.

Of course not. You seem to be implying that because we have deviated from Capitalism, that this means we do not practice Capitalism. That is ridiculous. That is like saying because we have murder in this country, that we don't practice a right to life.

Fail. If someone is a murderer they do not respect a right to life. Your argument is that because someone else murders someone that does not mean you do not respect a right to life. That would be correct BUT it is the government breaking nearly every aspect of capitalism so it can not be operating on capitalism. It's operating on something else.

No being forced to get permission from the government to trade with your partners.

Agreed.

No Federal Reserve trying to control it all.

Impossible. While ideals would be great, it is not possible to have a system without a Federal Reserve. Simply impossible. Aiming for what is impossible, will discredit attempts to achieve what is possible.

Then we are operating on something other than Capitalism. The Federal Reserve is a system far closer to Socialism.

That is never going to happen but people are going to pretend we are a capitalist society. With that being the case I am going to do all I can to see that everything doesn't get dumped on the poor

We do live in a capitalist society. End of story. End of debate. I can open my own business today, and if successful, I could end up a multi-millionaire. In fact, I could simply save and invest my capital, even with a low income, and become a multi-millionaire. My parents are millionaires, because they saved and invested capital their whole lives.

People in Scandinavian countries that people condemn as socialist nations can't open their own business and be a success?

As far as seeing that everything does not get dumped on the poor, what does this mean? The poor are poor, because they make choices. The rich are rich, because they make choices.

What choices did Trump make to make himself rich? Trump is rich based upon what vagina he came out of. Trump failed and failed only to have daddy bail him out. Trump got banks to go along based upon who his daddy was. Can just anyone make that choice?

When someone makes bad choices in life the lead them to be poor, it's not you dumping on them.... it is them reaping the results of their choices.

You will never change this. Never. You can't force people to be wise. Thus you can not avoid people reaping poverty for bad choices.

Bankers are rich beyond rich but they failed. They failed but yet the government gave them billions and billions more. Right now the Federal Reserve still is. How much of the billions and billions being pumped is going to the country as a whole? Why should only a small percentage get the largest portion of this while the rest get very little?

How exactly is that capitalism?

That would be correct BUT it is the government breaking nearly every aspect of capitalism so it can not be operating on capitalism. It's operating on something else.

Really? So if I open a business tomorrow... does the government not protect my rights? Yes it does. That's capitalism. If I make a profit off of my business, and grow my capital, does government not respect my property? Yes it does. That's capitalism. If I change how I do business, say the product, or how I distribute the product, does the government not respect my property? Yes it does.

Please explain how the above being true, is not mutually exclusive to claiming government breaks nearly every aspect of capitalism?

People in Scandinavian countries that people condemn as socialist nations can't open their own business and be a success?

They are capitalist. They have some socialist aspects, yes. But the basic foundation of their economy is capitalist by any measure.

Country Rankings: World & Global Economy Rankings on Economic Freedom

Iceland is actually higher on the economic freedom index than the US. They are Capitalist.

Some of the biggest capitalist profit driven companies in the world are in the those countries. And the idea that they are socialist is ridiculous. The rich there, live like rich people. The poor there, live like poor people. Legos is based out of Denmark, and the daughter of the multi-billionaire executive team, owns an entire horse ranch with a thousand acres of land, because... she likes to take ponies to the pony shows, and win medals.

The rich are rich. The poor are poor. It's a capitalist based economy like any other.

What choices did Trump make to make himself rich? Trump is rich based upon what vagina he came out of. Trump failed and failed only to have daddy bail him out. Trump got banks to go along based upon who his daddy was. Can just anyone make that choice?

80% of all millionaires and billionaires are first generation rich. 80%. Yes, there are a few people who are born wealthy.

Further, maybe you are bit ignorant of how most things work, but nearly all successful people fail a bunch of times. Bill Gates, completely failed in his first business venture. So did Henry Heinz.
15 Highly Successful People Who Failed On Their Way To Success

Must successful people fail, sometimes multiple times, before they become successful. This is normal.

Bankers are rich beyond rich but they failed. They failed but yet the government gave them billions and billions more. Right now the Federal Reserve still is. How much of the billions and billions being pumped is going to the country as a whole? Why should only a small percentage get the largest portion of this while the rest get very little?

Well again, I'm a capitalist. I'm against government giving money to anyone.

But your entire statement is completely flaws. The rest get very little? What are you smoking?
70% of all government revenue goes to transfers to individuals. Roughly 15% of the entire economy, is being collected and redistributed to individual US citizens.

By any possible measure, the amount of money we gave to the banks, is a tiny fraction of how much is given out in government hand outs.

Again, that does not justify giving any money to anyone. But to claim that bankers are getting the bulk of the money, when over two Trillion dollars is being handed out EVERY SINGLE YEAR to the public... you are being just ignorantly absurd. Just totally insane.

Nothing I said, anywhere in my entire post did I suggest, by any stretch of the most wild or incoherent imagination, that we did not practice capitalism.

No bailing out failed businesses.

Of course not. You seem to be implying that because we have deviated from Capitalism, that this means we do not practice Capitalism. That is ridiculous. That is like saying because we have murder in this country, that we don't practice a right to life.

Fail. If someone is a murderer they do not respect a right to life. Your argument is that because someone else murders someone that does not mean you do not respect a right to life. That would be correct BUT it is the government breaking nearly every aspect of capitalism so it can not be operating on capitalism. It's operating on something else.

No being forced to get permission from the government to trade with your partners.

Agreed.

No Federal Reserve trying to control it all.

Impossible. While ideals would be great, it is not possible to have a system without a Federal Reserve. Simply impossible. Aiming for what is impossible, will discredit attempts to achieve what is possible.

Then we are operating on something other than Capitalism. The Federal Reserve is a system far closer to Socialism.

That is never going to happen but people are going to pretend we are a capitalist society. With that being the case I am going to do all I can to see that everything doesn't get dumped on the poor

We do live in a capitalist society. End of story. End of debate. I can open my own business today, and if successful, I could end up a multi-millionaire. In fact, I could simply save and invest my capital, even with a low income, and become a multi-millionaire. My parents are millionaires, because they saved and invested capital their whole lives.

People in Scandinavian countries that people condemn as socialist nations can't open their own business and be a success?

As far as seeing that everything does not get dumped on the poor, what does this mean? The poor are poor, because they make choices. The rich are rich, because they make choices.

What choices did Trump make to make himself rich? Trump is rich based upon what vagina he came out of. Trump failed and failed only to have daddy bail him out. Trump got banks to go along based upon who his daddy was. Can just anyone make that choice?

When someone makes bad choices in life the lead them to be poor, it's not you dumping on them.... it is them reaping the results of their choices.

You will never change this. Never. You can't force people to be wise. Thus you can not avoid people reaping poverty for bad choices.

Bankers are rich beyond rich but they failed. They failed but yet the government gave them billions and billions more. Right now the Federal Reserve still is. How much of the billions and billions being pumped is going to the country as a whole? Why should only a small percentage get the largest portion of this while the rest get very little?

How exactly is that capitalism?

That would be correct BUT it is the government breaking nearly every aspect of capitalism so it can not be operating on capitalism. It's operating on something else.

Really? So if I open a business tomorrow... does the government not protect my rights? Yes it does. That's capitalism. If I make a profit off of my business, and grow my capital, does government not respect my property? Yes it does. That's capitalism. If I change how I do business, say the product, or how I distribute the product, does the government not respect my property? Yes it does.

Please explain how the above being true, is not mutually exclusive to claiming government breaks nearly every aspect of capitalism?

It isn't always true.

Proposed Senatobia roundabout may force businesses to close

You only discuss vast generalizations, not the reality.

People in Scandinavian countries that people condemn as socialist nations can't open their own business and be a success?

They are capitalist. They have some socialist aspects, yes. But the basic foundation of their economy is capitalist by any measure.

Country Rankings: World & Global Economy Rankings on Economic Freedom

Iceland is actually higher on the economic freedom index than the US. They are Capitalist.

Some of the biggest capitalist profit driven companies in the world are in the those countries. And the idea that they are socialist is ridiculous. The rich there, live like rich people. The poor there, live like poor people. Legos is based out of Denmark, and the daughter of the multi-billionaire executive team, owns an entire horse ranch with a thousand acres of land, because... she likes to take ponies to the pony shows, and win medals.

The rich are rich. The poor are poor. It's a capitalist based economy like any other.

What choices did Trump make to make himself rich? Trump is rich based upon what vagina he came out of. Trump failed and failed only to have daddy bail him out. Trump got banks to go along based upon who his daddy was. Can just anyone make that choice?

80% of all millionaires and billionaires are first generation rich. 80%. Yes, there are a few people who are born wealthy.

Further, maybe you are bit ignorant of how most things work, but nearly all successful people fail a bunch of times. Bill Gates, completely failed in his first business venture. So did Henry Heinz.
15 Highly Successful People Who Failed On Their Way To Success

Must successful people fail, sometimes multiple times, before they become successful. This is normal.

Bankers are rich beyond rich but they failed. They failed but yet the government gave them billions and billions more. Right now the Federal Reserve still is. How much of the billions and billions being pumped is going to the country as a whole? Why should only a small percentage get the largest portion of this while the rest get very little?

Well again, I'm a capitalist. I'm against government giving money to anyone.

But your entire statement is completely flaws. The rest get very little? What are you smoking?
70% of all government revenue goes to transfers to individuals. Roughly 15% of the entire economy, is being collected and redistributed to individual US citizens.

By any possible measure, the amount of money we gave to the banks, is a tiny fraction of how much is given out in government hand outs.

Again, that does not justify giving any money to anyone. But to claim that bankers are getting the bulk of the money, when over two Trillion dollars is being handed out EVERY SINGLE YEAR to the public... you are being just ignorantly absurd. Just totally insane.

I keep on providing examples and you keep on using the excuse that you do not support that. It's irrelevant if you support it or not. It is what we do in the name of "capitalism" and there is nothing capitalistic about it.

But we're not doing that in the 'name of capitalism'.

What a dumb thing to say. Really? So Obama stood up there and said "In the name of Capitalism, I'm using tax money to bailout GM, and sell it to the Unions, for their political support!"

Do you realize how incompetent that sounds? Who did that? No one. Not a single person.

When Clinton sent Andrew Cuomo to sue banks to force them to make bad sub-prime loans... was he saying "In the name of Capitalism, we're going to dictate what loans banks make!"? Of course not.

What dumb comment.

Internet poster "Government did this!"

Me " That's not capitalism, and Capitalist like me oppose it"

Internet poster "you are making excuses!"

What?? Your arguments are dumb sir. Really dumb.

You only discuss vast generalizations, not the reality.

Basing your entire argument on the exceptions, is bad logic.
Life is not defined by the exceptions.

This is like claiming that the entire Soviet Union was Capitalist... because a few dozen farms were in fact privately owned for profit businesses. The massive socialized farms in the USSR, were failing so bad, that even Stalin allowed a small collection of private for-profit capitalist farms.

It's a ridiculous claim. The soviet union was socialized. They had a few splatterings of capitalism, but they were very much socialized.

The US is a capitalist based economy. We have a few splatterings of socialism, and we fight against them. But we are capitalist in nature by any possible measure.

If those running the economy are not running it under capitalism, we are not a capitalistic nation.

 

[pknopp]

Capitalists do not bail out a business that failed.

I agree. GM should have folded. But the UAW and statists decided otherwise. And a few accounting tricks later, they still haven't paid back the American taxpayer.

I'll never buy a new GM product for that reason.

Wall Street shouldn't still be getting billions and billions by the week either.

Can you show me direct proof that "Wall St" is getting billions by the week? Give me an example. Preferably an example that you can document.

You know what I'm talking about.

Fed Pumps $70.1 Billion in One-Day Liquidity Into Financial Markets

One Trader Rants "It's Time For Central Bankers To Stop Bullshitting & Admit They Failed"

They are not "getting" billions. They are selling securities, and the Fed is buying those securities.

The Fed has no money.