"US style capitolism"

[Truthmatters]

VOA News - Merkel, Brown Call for Global Economic Rules


The Europeans are kinda pissed at us huh?


German Chancellor Angela Merkel and British Prime Minister Gordon Brown argued Friday for tougher control of the international economy in a critique of what Europeans see as the dangers of U.S.-style capitalism.


In a speech to the World Economic Forum in Davos, Switzerland, she blamed the credit crunch and resulting global economic meltdown on "irresponsible speculation." The German chancellor said unfettered capitalism without enforceable global standards would run enormous risks.

 

[AllieBaba]

We care what they say why?

We all know what a raging success their socialist model is...

 

[Kevin_Kennedy]

The German Chancellor is wrong, since we don't have "unfettered capitalism."

 

[editec]

CAPITAL-TOLL-ISM.

I kinda like that. Much more descriptive of the nature of the beastly economic system, don't you think?

If you ain't got the CAPITAL, you can't pay the TOLL.

 

[Truthmatters]

The securites industry sure was unfettered just go ask the Chairman of the SEC at the time Mr Cox.

He had to impliment a voluntary program of oversite because he had no power to oversee them because of GLB 1999act.

He stated it as the main reason for the economic disastor the the Rs produced here. Same shit that happened when the R held the entire gov back in the 1920s

 

[mash107]

The securites industry sure was unfettered just go ask the Chairman of the SEC at the time Mr Cox.

He had to impliment a voluntary program of oversite because he had no power to oversee them because of GLB 1999act.

He stated it as the main reason for the economic disastor the the Rs produced here. Same shit that happened when the R held the entire gov back in the 1920s

rofl. securities was unfettered according to a regulatory body whose sole purpose is to regulate securities... and whose budget is nearly $1b/year?

How does that .... make even the least amount of sense?

Madoff was able to scam people because of the SEC, not despite of it. People didn't check where they were putting their money since Big Brother surely had their backs... but, like the people of New Orleans, they got nothing but false promises.

Make no mistakes about it-- we -are- living in a command economy system.

 

[Agnapostate]

We care what they say why?

We all know what a raging success their socialist model is...

Socialism does not exist in Europe, since socialism necessitates the collective ownership of the means of production. While social democracy is not an optimal economic system, it remains a brand of capitalism superior to its liberal democratic variant practiced in the U.S., particularly in terms of social benefits. Nor is there a good deal of evidence that indicates that there are efficiency losses as a result of this.

Unfortunately, I had the relevant study that I wanted to post regarding social democracy and efficiency saved on my laptop, which is being repaired, and I don't remember it offhand...

 

[Red Dawn]

German Chancellor Angela Merkel and British Prime Minister Gordon Brown argued Friday for tougher control of the international economy in a critique of what Europeans see as the dangers of U.S.-style capitalism.


In a speech to the World Economic Forum in Davos, Switzerland, she blamed the credit crunch and resulting global economic meltdown on "irresponsible speculation."

The German chancellor said unfettered capitalism without enforceable global standards would run enormous risks.

What a communist.

Everyone knows the markets are self-correcting and self-policing.

 

[Zoomie1980]

VOA News - Merkel, Brown Call for Global Economic Rules


The Europeans are kinda pissed at us huh?


German Chancellor Angela Merkel and British Prime Minister Gordon Brown argued Friday for tougher control of the international economy in a critique of what Europeans see as the dangers of U.S.-style capitalism.


In a speech to the World Economic Forum in Davos, Switzerland, she blamed the credit crunch and resulting global economic meltdown on "irresponsible speculation." The German chancellor said unfettered capitalism without enforceable global standards would run enormous risks.

There is nothing wrong at all with mostly unregulated capitalism IF you don't mind WILD swings in economic activity....the preverbial boom-bust cycle. Businesses and a lot of citizens would rather prefer longer, less extreme business cycles. The problem since the Reagan era has been too many revel and celebrate the big booms but whine like spoiled school girls not getting their way when the equally tough busts come along.

There is NOTHING wrong with this recession at all. It is merely the payback from the orgies of runaway housing and commodity speculation, fueled by fiscal policy artificially lowering interest rates. The more extreme the up cycle, the more extreme the down.

 

[Zoomie1980]

German Chancellor Angela Merkel and British Prime Minister Gordon Brown argued Friday for tougher control of the international economy in a critique of what Europeans see as the dangers of U.S.-style capitalism.


In a speech to the World Economic Forum in Davos, Switzerland, she blamed the credit crunch and resulting global economic meltdown on "irresponsible speculation."

The German chancellor said unfettered capitalism without enforceable global standards would run enormous risks.

What a communist.

Everyone knows the markets are self-correcting and self-policing.

They are. And that is not debatable. The spoiled benefactors of the years of boom just don't like the pain of the corrections.

 

[Agnapostate]

We care what they say why?

We all know what a raging success their socialist model is...

Socialism does not exist in Europe, since socialism necessitates the collective ownership of the means of production. While social democracy is not an optimal economic system, it remains a brand of capitalism superior to its liberal democratic variant practiced in the U.S., particularly in terms of social benefits. Nor is there a good deal of evidence that indicates that there are efficiency losses as a result of this.

Unfortunately, I had the relevant study that I wanted to post regarding social democracy and efficiency saved on my laptop, which is being repaired, and I don't remember it offhand...

Here it is: Is There a Trade-Off Between Economic Efficiency and a Generous Welfare State? A Comparison of Best Cases of `The Three Worlds of Welfare Capitalism'

The abstract says it all.

A crucial debate in policy-making as well as academic circles is whether there is a trade-off between economic efficiency and the size/generosity of the welfare state. One way to contribute to this debate is to compare the performance of best cases of different types of state. Arguably, in the decade 1985-94, the US, West Germany and the Netherlands were best cases - best economic performers - in what G. Esping-Andersen calls the three worlds of welfare capitalism. The US is a liberal welfare-capitalist state, West Germany a corporatist state, and the Netherlands is social democratic in its tax-transfer system, although not its labor market policies. These three countries had rates of economic growth per capita as high or higher than other rich countries of their type, and the lowest rates of unemployment. At a normative or ideological level the three types of state have the same goals but prioritise them differently. The liberal state prioritises economic growth and efficiency, avoids work disincentives, and targets welfare benefits only to those in greatest need. The corporatist state aims to give priority to social stability, especially household income stability, and social integration. The social democratic welfare state claims high priority for minimising poverty, inequality and unemployment. Using ten years of panel data for each country, we assess indicators of their short (one year), medium (five year) and longer term (ten year) performance in achieving economic and welfare goals. Overall, in this time period, the Netherlands achieved the best performance on the welfare goals to which it gave priority, and equalled the other two states on most of the goals to which they gave priority. This result supports the view that there is no necessary trade-off between economic efficiency and a generous welfare state.

This shouldn't be misinterpreted as an endorsement of social democracy as an ultimate solution on my part; I maintain that only full-fledged collective ownership and direct democratic management of the means of production is a viable path to productivity maximization and a more humane existence. Regardless, social democracy is clearly the superior form of mixed-market capitalism that exists, and Keynesianism and its variants obviously have the effect of minimizing market concentration and staving off stagflation.

 

[Paulie]

VOA News - Merkel, Brown Call for Global Economic Rules


The Europeans are kinda pissed at us huh?


German Chancellor Angela Merkel and British Prime Minister Gordon Brown argued Friday for tougher control of the international economy in a critique of what Europeans see as the dangers of U.S.-style capitalism.


In a speech to the World Economic Forum in Davos, Switzerland, she blamed the credit crunch and resulting global economic meltdown on "irresponsible speculation." The German chancellor said unfettered capitalism without enforceable global standards would run enormous risks.

There is nothing wrong at all with mostly unregulated capitalism IF you don't mind WILD swings in economic activity....the preverbial boom-bust cycle. Businesses and a lot of citizens would rather prefer longer, less extreme business cycles. The problem since the Reagan era has been too many revel and celebrate the big booms but whine like spoiled school girls not getting their way when the equally tough busts come along.

There is NOTHING wrong with this recession at all. It is merely the payback from the orgies of runaway housing and commodity speculation, fueled by fiscal policy artificially lowering interest rates. The more extreme the up cycle, the more extreme the down.

This explains it prety well. No one minds benefitting from the booms, but when the bust comes along, it's finger pointing, crying, and hands out begging for redemption.

If you can profit from the boom, you can weather the downturn as well and take your licks, and cut your losses. If you don't like it, go to Europe.

 

[Agnapostate]

Europe? Social democracy alone cannot end the business cycle that is an inherent component of capitalism, though it may alleviate some of its more deleterious consequences. No, the solution is to stay here and actively support a more democratic economic system.

 

[Toro]

This is not a crisis of American capitalism. This is a crisis of American financial capitalism. There is a big difference.

In regards to the crisis of American financial capitalism, the Europeans are basically correct. There will be more regulation, and rightfully so.

 

[auditor0007]

We care what they say why?

We all know what a raging success their socialist model is...

Socialism does not exist in Europe, since socialism necessitates the collective ownership of the means of production. While social democracy is not an optimal economic system, it remains a brand of capitalism superior to its liberal democratic variant practiced in the U.S., particularly in terms of social benefits. Nor is there a good deal of evidence that indicates that there are efficiency losses as a result of this.

Unfortunately, I had the relevant study that I wanted to post regarding social democracy and efficiency saved on my laptop, which is being repaired, and I don't remember it offhand...

The only problem is that those types of societies cannot pay for themselves in the long run. This is why Europe is facing economic disaster, much more than we are in the US. Their long term obligations far outweigh ours, and ours are of huge concern as it is.

 

[Truthmatters]

VOA News - Merkel, Brown Call for Global Economic Rules


The Europeans are kinda pissed at us huh?


German Chancellor Angela Merkel and British Prime Minister Gordon Brown argued Friday for tougher control of the international economy in a critique of what Europeans see as the dangers of U.S.-style capitalism.


In a speech to the World Economic Forum in Davos, Switzerland, she blamed the credit crunch and resulting global economic meltdown on "irresponsible speculation." The German chancellor said unfettered capitalism without enforceable global standards would run enormous risks.

There is nothing wrong at all with mostly unregulated capitalism IF you don't mind WILD swings in economic activity....the preverbial boom-bust cycle. Businesses and a lot of citizens would rather prefer longer, less extreme business cycles. The problem since the Reagan era has been too many revel and celebrate the big booms but whine like spoiled school girls not getting their way when the equally tough busts come along.

There is NOTHING wrong with this recession at all. It is merely the payback from the orgies of runaway housing and commodity speculation, fueled by fiscal policy artificially lowering interest rates. The more extreme the up cycle, the more extreme the down.

This explains it prety well. No one minds benefitting from the booms, but when the bust comes along, it's finger pointing, crying, and hands out begging for redemption.

If you can profit from the boom, you can weather the downturn as well and take your licks, and cut your losses. If you don't like it, go to Europe.

Everyone who knows anything about capitalism knows that if you have money you can make money in all times, down , up and inbetween.

Unfettered capitalism allows the wealthy to keep getting wealthier until the people are so poor they revolt. History is replete with the examples.

 

[Agnapostate]

The only problem is that those types of societies cannot pay for themselves in the long run. This is why Europe is facing economic disaster, much more than we are in the US. Their long term obligations far outweigh ours, and ours are of huge concern as it is.

What specific forms of setbacks are you referring to?