Sigh of Relief

[Flanders]

actually Apple invented the Iphone and I have one that Goldman Sachs apparently did not get??? It seems to me the wealth came to me. Similiarly, Henry Ford got only $1.49 per car for himself but enabled 10's of millions to acquire auto wealth valued at $2000 per car. Got it??? Under capitalism the the car sells for $2000 but only $1.49 of that goes to the owner, the rest goes to workers, suppliers, sales people etc. And not one single person participates unless they are sure they are better off from participation as workers buyer owner supplier. Now you can see how capitalism transformed earth in just 200 years!!

Econ 101 for you!

To EdwardBaiamonte: I love this Ford quote:

Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian! Henry Ford

 

[EdwardBaiamonte]

actually Apple invented the Iphone and I have one that Goldman Sachs apparently did not get??? It seems to me the wealth came to me. Similiarly, Henry Ford got only $1.49 per car for himself but enabled 10's of millions to acquire auto wealth valued at $2000 per car. Got it??? Under capitalism the the car sells for $2000 but only $1.49 of that goes to the owner, the rest goes to workers, suppliers, sales people etc. And not one single person participates unless they are sure they are better off from participation as workers buyer owner supplier. Now you can see how capitalism transformed earth in just 200 years!!

Econ 101 for you!

To EdwardBaiamonte: I love this Ford quote:

Any man who thinks he can be happy and prosperous by letting the Government take care of him; better take a closer look at the American Indian! Henry Ford

Ford was great, he knew that the more he made cars affordable to average people the more money he would make. Capitalism encourages you to spread the wealth, in fact. Do you make more selling a Rolls Royce or a Ford? A Ford obviously because the volume is so much greater at the lower price!!

A liberal will lack the IQ to understand this simple concept.

 

[georgephillip]

Human labor has lifted us from the stone age in spite of totalitarian parasites like gods.

too completely stupid and liberal !! There was plenty of human labor for a million years before Adam Smith invented capitalism and corporations 200 years ago. Guess what??? more progress in the last 200 than the previous 1 million despite all the human labor that was always available. You are the perfect idiot liberal! Brainwashed so completely you have no idea what happend to you!

Adam Smith invented corporations or your iphone that Goldman Sachs hasn't grabbed yet?
In fact, Smith was highly suspicious of corporations, or at least their early stages.
Thomas Jefferson saw much more of corporate fascism, and condemned it in the strongest terms; he actually thought a generation of Americans would wake up homeless in a land their ancestors had conquered because of vile corporate parasites like those you defend.
Obviously girl scouts like you should spend more time reading and less time proving your ignorance.
Clear?

 

[EdwardBaiamonte]

Human labor has lifted us from the stone age in spite of totalitarian parasites like gods.

too completely stupid and liberal !! There was plenty of human labor for a million years before Adam Smith invented capitalism and corporations 200 years ago. Guess what??? more progress in the last 200 than the previous 1 million despite all the human labor that was always available. You are the perfect idiot liberal! Brainwashed so completely you have no idea what happend to you!

Adam Smith invented corporations or your iphone that Goldman Sachs hasn't grabbed yet?
In fact, Smith was highly suspicious of corporations, or at least their early stages.
Thomas Jefferson saw much more of corporate fascism, and condemned it in the strongest terms; he actually thought a generation of Americans would wake up homeless in a land their ancestors had conquered because of vile corporate parasites like those you defend.
Obviously girl scouts like you should spend more time reading and less time proving your ignorance.
Clear?

Of course by today's standards there were few if any corporations in Jefferson's day. And of course he never imagined corporations would carry us from a time when 98% were private farmers, to today when 98% of us work a mere 8 hour days in air conditioned offices! Nor did he realize that capitalism would regulate them to the point where they were locked in a deadly battle to raise quality and lower price to stay ahead of competition and avoid bankruptcy. Indeed, 1000's lose this battle every month and declare bankruptcy thanks to consumer regulation! In fact, a modern corporation is a virtual slave to its customers and can therefore only succeed by raising the consumer's standard of living. If you doubt this for a second please try to start a corporation yourself. Thanks to the magic of capitalism you won't make a penny until your customer would rather spend that penny on your product more than on any other product from anywhere in the world. The corporate capitalist mentality is the source of morality on earth. Liberalism is the exact opposite, it is about how to extract entitlements from the other guy rather than how to fulfill his needs

Moreover, and most importantly, Jefferson does not say the government must prohibit corporations and thus perfectly destroy our standard of living which is the highest in human history! He does very clearly say though that liberal government is the exact thing America was founded to prohibit.

Moreover, the word "corporation" to Jefferson and Adam Smith had little relationship to the word today:

The pretence that corporations are necessary for the
better government of the trade, is without any
foundation. The real and effectual discipline which is
exercised over a workman, is not that of
his corporation, but that of his customers. It is the fear
of losing their employment which restrains his frauds
and corrects his negligence. An exclusive
corporation necessarily weakens the force of this
discipline. A particular set of workmen must then be
employed, let them behave well or ill. It is upon this
account, that in many large incorporated towns no
tolerable workmen are to be found, even in some of
the most necessary trades. If you would have your
work tolerably executed, it must be done in the
suburbs, where the workmen, having no exclusive
privilege, have nothing but their character to
depend upon, and you must then smuggle it into the
town as well as you can. (p. 129) Wealth of Nations


Corporations already existed in the new nation, but these were primarily educational corporations or institutions chartered by the British crown which continued to exist after the new nation was created from the Confederation. Due to experience as British Colonies and the accompanying corporate colonialism from British corporations chartered by the crown to do business in North America, new corporations were greeted with mixed feelings. Thomas Jefferson wrote in a 1816 letter to George Logan:[5]
I hope we shall... crush in its birth the aristocracy of our moneyed corporations which dare already to challenge our government in a trial of strength, and bid defiance to the laws of our country.



Mike Byron:Jefferson and Madison were so insistent upon this amendment[11th] because the American Revolution was in substantial degree a revolt against the domination of colonial economic and political life by the greatest multinational corporation of its age: the British East India Company. After all who do you think owned the tea which Sam Adams and friends dumped overboard in Boston Harbor? Who was responsible for the taxes on commodities and restrictions on trade by the American colonists? It was the British East India Company, of course.

And of course none of this takes into account that Hamilton, Jefferson's blood enemy, started a government corporation for useful manufactures or that Jefferson was born a farmer, wanted all Americans to be small farmers, and saw corporations as a threat to his agrarian lifestyle.

 

[Flanders]

Adam Smith invented corporations or your iphone that Goldman Sachs hasn't grabbed yet?
In fact, Smith was highly suspicious of corporations, or at least their early stages.
Thomas Jefferson saw much more of corporate fascism, and condemned it in the strongest terms; he actually thought a generation of Americans would wake up homeless in a land their ancestors had conquered because of vile corporate parasites like those you defend.
Obviously girl scouts like you should spend more time reading and less time proving your ignorance.
Clear?

To georgephillip: America’s Founders were committed to individual liberties over every form of concentrated power whether it be government, organized religion, or financial enterprises. They were brilliant. For more than two centuries scholars the world over were astounded that so many politically astute men came together in one place at one time. Nevertheless, for all of their wisdom they could not have envisioned modern corporations. I believe their common sense would have seen the societal value in corporations, while their profound understanding of freedom would have limited the power of modern corporations by denying them special legislation, monopolies, subsidies, bailouts, etc.

Work backwards and you’ll see that without knowing about the XVI Amendment there was no way they could foresee all of the evils that came from the tax on income; hence, they could not have guarded against the morality John Galt exposes in Atlas Shrugged. I call it the tax collector’s morality.

I’m sure you’ve read Atlas Shrugged, but you might want to listen to John Galt’s speech. It’s lengthy, 3:18:49, and well worth every second of the time it takes to play it all at once or in parts. I’m including it for those who are not familiar with the philosophies it explores.

[ame=http://www.youtube.com/watch?feature=player_embedded&v=U1muMkbMypA]John Galt's Famous Speech From Atlas Shrugged - YouTube[/ame]​

Finally, the Constitution gave us limited government. Limited government automatically limited the number of crooks and parasites the government would accommodate. The XVI Amendment undid the best thing the Founders codified.

The Founders could not have seen today’s welfare state. Most certainly they could not have known that a religion —— socialism —— would pervert their First Amendment in order to bring America to the very things colonial Americans despised. All of the fears the Founders guarded against were interconnected while the country was being formed. Based on the form of government they established, their writings, and the Constitution, it’s fair to say they would have erected higher barriers had they known what was coming. They didn’t because they didn’t know. Now, it’s up to today’s Americans to build those barriers.

 

[georgephillip]

Human demand creates jobs

OMG!! 100% brain dead. If so there would have been many jobs and much wealth and economic progress for the 1 million years before Adam Smith invented capitalism and corporations!!!

See why we are 100% positve a liberal will be slow?? What other conclusion is possible???

"Douglas disagreed with classical economists who divided the factors of production into only land, labour and capital. While Douglas did not deny these factors in production, he believed the .cultural inheritance of society' was the primary factor.

"Cultural inheritance is defined as the knowledge, technique and processes that have been handed down to us incrementally from the origins of civilization."

Do you puzzle over "C" words, Pluto?
Conservatives hate collectives, yet are too lazy to actually earn a private fortune.
Proving once more that civilizations flower when conservatives are fertilizer.

Social Credit - Wikipedia, the free encyclopedia

 

[EdwardBaiamonte]

Human demand creates jobs

OMG!! 100% brain dead. If so there would have been many jobs and much wealth and economic progress for the 1 million years before Adam Smith invented capitalism and corporations!!!

See why we are 100% positve a liberal will be slow?? What other conclusion is possible???

"Douglas disagreed with classical economists who divided the factors of production into only land, labour and capital. While Douglas did not deny these factors in production, he believed the .cultural inheritance of society' was the primary factor.

"Cultural inheritance is defined as the knowledge, technique and processes that have been handed down to us incrementally from the origins of civilization."

Do you puzzle over "C" words, Pluto?
Conservatives hate collectives, yet are too lazy to actually earn a private fortune.
Proving once more that civilizations flower when conservatives are fertilizer.

Social Credit - Wikipedia, the free encyclopedia

OMG!! 100% brain dead. If human demand created jobs and wealth there would have been many jobs, much wealth and huge economic progress for the 1 million years before Adam Smith invented capitalism and corporations!!

See why we are 100% positve a liberal will be slow?? What other conclusion is possible???

 

[Rshermr]

OMG!! 100% brain dead. If so there would have been many jobs and much wealth and economic progress for the 1 million years before Adam Smith invented capitalism and corporations!!!

See why we are 100% positve a liberal will be slow?? What other conclusion is possible???

"Douglas disagreed with classical economists who divided the factors of production into only land, labour and capital. While Douglas did not deny these factors in production, he believed the .cultural inheritance of society' was the primary factor.

"Cultural inheritance is defined as the knowledge, technique and processes that have been handed down to us incrementally from the origins of civilization."

Do you puzzle over "C" words, Pluto?
Conservatives hate collectives, yet are too lazy to actually earn a private fortune.
Proving once more that civilizations flower when conservatives are fertilizer.

Social Credit - Wikipedia, the free encyclopedia

OMG!! 100% brain dead. If human demand created jobs and wealth there would have been many jobs, much wealth and huge economic progress for the 1 million years before Adam Smith invented capitalism and corporations!!

See why we are 100% positve a liberal will be slow?? What other conclusion is possible???

Difficult to have a war of wits with someone who has no ammunition.

 

[EdwardBaiamonte]

"Douglas disagreed with classical economists who divided the factors of production into only land, labour and capital. While Douglas did not deny these factors in production, he believed the .cultural inheritance of society' was the primary factor.

"Cultural inheritance is defined as the knowledge, technique and processes that have been handed down to us incrementally from the origins of civilization."

Do you puzzle over "C" words, Pluto?
Conservatives hate collectives, yet are too lazy to actually earn a private fortune.
Proving once more that civilizations flower when conservatives are fertilizer.

Social Credit - Wikipedia, the free encyclopedia

OMG!! 100% brain dead. If human demand created jobs and wealth there would have been many jobs, much wealth and huge economic progress for the 1 million years before Adam Smith invented capitalism and corporations!!

See why we are 100% positve a liberal will be slow?? What other conclusion is possible???

Difficult to have a war of wits with someone who has no ammunition.

If human demand created jobs and wealth there would have been many jobs, much wealth and huge economic progress for the 1 million years before Adam Smith invented capitalism and corporations!!

See why we are 100% positve a liberal will be slow?? What other conclusion is possible???

 

[georgephillip]

What's the purpose of an economy, Pluto?

Is it to merely provide goods and services?
Is it to provide employment?
Is its object to impose a system of thought and action upon the world?

What does that say about the ratio of employment to the maximum production of goods and services?

 

[EdwardBaiamonte]

What's the purpose of an economy, Pluto?

Is it to merely provide goods and services?
Is it to provide employment?
Is its object to impose a system of thought and action upon the world?

What does that say about the ratio of employment to the maximum production of goods and services?

no idea what your gibberish means?? Why not state your conclusion so we can all have a good laugh?? How will you learn if you are afraid to try??

If human demand created jobs and wealth there would have been many jobs, much wealth and huge economic progress for the 1 million years before Adam Smith invented capitalism and corporations!!

 

[georgephillip]

1,000,000 years, really?
Are we sure we didn't bump our head?

 

[Rshermr]

1,000,000 years, really?
Are we sure we didn't bump our head?

Poor ed. He is delusional. He believes that the process of cut and paste from con web sites provides profound information. He is simply delusional.
Makes all sorts of stupid statements, but is incapable of rational thought. Poor guy. But he makes a few bucks posting con dogma. So, he really does not care what he says. Makes his bucks whether he says stupid stuff or not.

 

[georgephillip]

Now that's a scary thought.
Someone self-destructive enough to pay Pluto for his philosophy?
Bet the Girl Scouts want their money back.

 

[Sunshine]

Wow, what a surprise. Taxes and retail prices are going up. They always do. That’s one of the reasons I seldom post messages about the economy.

There must have been a million media stories about the fiscal cliff, and at least that many hours of talking heads telling their audiences what was happening. Media manipulators call it the softening up process —— pound away until the public is ready to heave a sigh of relief because those wonderful crooks in Washington did something bad to the country rather than let something bad happen to the country. I call it a Sigh of Relief Sales Campaign.

Happily for me, I never paid attention to the softening up process because I knew what the outcome would be; TAXES ARE GOING UP.

My advice for starting the new year. Take a deep breath because raising the debt ceiling in a few months still has to be sold to the public.

They already have.

 

[georgephillip]

Do "they" represent those who pay their fair share of taxes?

"When companies do massive buybacks to boost their own stock prices, the big winners are the very same top executives who make these resource-allocation decisions. Why? Because the largest single component of top executive pay is the income from exercising stock options – which become more lucrative when the stock price goes up, even if for just a short period of time during which the options can be exercised and the acquired stock sold."

William Lazonick: Robots Don't Destroy Jobs; Rapacious Corporate Executives Do

 

[EdwardBaiamonte]

1,000,000 years, really?
Are we sure we didn't bump our head?

If human demand created jobs and wealth there would have been many jobs, much wealth and huge economic progress for the 1 million years before Adam Smith invented capitalism and corporations!!

This must tell you that demand is a given constant while the variable is those who fill or supply the demand. Adam Smith and Milton Friedman taught us that Republican supply must be nurtured in any way possible since it alone is very very rare and transformative.

Now you've got a foothold on your Econ 101. Sorry

 

[georgephillip]

Are you talking about Milton "Corporate" Friedman of the University of Standard Oil?
Of course you are, just like a good Pluto.

"Republican supply" is just another name for the idle rich siphoning off most economic gains for themselves while convincing a majority of voters to tax labor and consumers instead of the richest 1%.

"In her book The Shock Doctrine, author and social activist Naomi Klein criticized Friedman's ideology and the principles that guided the economic restructuring that followed the military coups in countries such as Chile and Indonesia, drawing analogies between the way that Friedman proposed using the social 'shock' of the coups to create an economic 'blank slate' with Ewen Cameron's controversial medical experiments that used electroshock therapy to create a mental 'blank slate' in patients with mental disorders."

Please see to your mental disorder before embarrassing yourself any more.

Milton Friedman - Wikipedia, the free encyclopedia

 

[EdwardBaiamonte]

Are you talking about Milton "Corporate" Friedman of the University of Standard Oil?
Of course you are, just like a good Pluto.

"Republican supply" is just another name for the idle rich siphoning off most economic gains for themselves while convincing a majority of voters to tax labor and consumers instead of the richest 1%.

"In her book The Shock Doctrine, author and social activist Naomi Klein criticized Friedman's ideology and the principles that guided the economic restructuring that followed the military coups in countries such as Chile and Indonesia, drawing analogies between the way that Friedman proposed using the social 'shock' of the coups to create an economic 'blank slate' with Ewen Cameron's controversial medical experiments that used electroshock therapy to create a mental 'blank slate' in patients with mental disorders."

Please see to your mental disorder before embarrassing yourself any more.

Milton Friedman - Wikipedia, the free encyclopedia

too stupid. If you have an objection the capitalism, what Friedman supported 100%, please state it or admit as a liberal you lack the IQ to do so.

 

[georgephillip]

Are you talking about Milton "Corporate" Friedman of the University of Standard Oil?
Of course you are, just like a good Pluto.

"Republican supply" is just another name for the idle rich siphoning off most economic gains for themselves while convincing a majority of voters to tax labor and consumers instead of the richest 1%.

"In her book The Shock Doctrine, author and social activist Naomi Klein criticized Friedman's ideology and the principles that guided the economic restructuring that followed the military coups in countries such as Chile and Indonesia, drawing analogies between the way that Friedman proposed using the social 'shock' of the coups to create an economic 'blank slate' with Ewen Cameron's controversial medical experiments that used electroshock therapy to create a mental 'blank slate' in patients with mental disorders."

Please see to your mental disorder before embarrassing yourself any more.

Milton Friedman - Wikipedia, the free encyclopedia

too stupid. If you have an objection the capitalism, what Friedman supported 100%, please state it or admit as a liberal you lack the IQ to do so.

The capitalism Friedman supported came from the barrel of a gun as President Salvador Allende discovered when he objected to three US corporations and the influence they exerted over the Chilean economy. Good conservative Henry Kissinger employed typical Republican tactics by giving the CIA a green light to murder a democratically elected president of a sovereign nation.

Another fascist conservative, General Augusto Pinochet, orchestrated the murder and enslavement of thousands of his countrymen for the greater glory of "free market capitalism."

Naturally, you had no objections.