No. Reality.
You blame capitalism for the deaths caused when NOLA flooded.
But reality is that it was a failure of government to adequately engineer and construct the flood protection system.
Government killed those people, not capitalism.
No. Reality.
You blame capitalism for the deaths caused when NOLA flooded.
But reality is that it was a failure of government to adequately engineer and construct the flood protection system.
Government killed those people, not capitalism.
Government owned by crony capitalists killed those people.
Your link:
Katrina Report Blames Levees
"Robert Bea, a University of California at Berkeley engineer and Corps critic, called Strock's comments and the report signs of 'a leadership in growth.'
"'They're catching up with the 1,000 years of progress of the Dutch,' Bea said, referring to the Netherlands' long, and mostly successful, history of battling the North Sea."
That doesn't support your claim.
Hey, George, quick question here:
Have you talked anyone into supporting your political philosophy?
That doesn't support your claim.
Hey, George, quick question here:
Have you talked anyone into supporting your political philosophy?
Katrina was the match and capitalism is the fuel that destroyed New Orleans; blaming "government" makes as much sense as blaming WMDs for the capitalist looting of Iraq.
"Profits Over People
"Clearly, in the minds of the billionaires who rule this country, war and profits come before relief for ordinary people faced with the most difficult of situations.
"Partially due to the huge amount of resources devoted to the Iraq war, state and local governments have implemented vicious budget cuts that have caused, amongst other things, less money to be devoted to dealing with natural disasters.
"Recent years have seen a marked increase in the number of hurricanes and other major natural disasters, some of which the probably the result of climate change.
"Of course, it would have been impossible to prevent all the damage done by Katrina, but much of it was preventable.
"New Orleans has a record of flooding during hurricanes. The city is built below sea level, and it is kept from constant flooding by a system of levees and pumps.
"The levees are set up to withstand some level three hurricanes, but Katrina was a level four hurricane. There is plenty of technology to create levees that withstand even level five hurricanes."
Hurricane Katrina: A Disaster Worsened by Capitalism | Socialist Alternative
So...you prove capitalism is evil by posting a picture of police state tactics.
Yeah, not seeing a real selling point for increased government control here.
So, if your job here is selling people (Ha! See what I did there?) on the joys of all-powerful government, Imma be real with you, Chief -- it ain't workin'.
Capitalism can be a grand system
You see you're approach is only black/ white
Capitalism needs a leash , otherwise it eats itself
said leash is bureaucratic oversight, da gub'mit
Free markets are anarchy w/out this
~S~
I disagree with that. You know just look at 2008. That's the perfect example. Banks are the most highly regulated, with the most heavy oversight, in the country. Did all your oversight, and regulations, stop anything? No.
And what were the two largest and most expensive bailouts of the entire crash? Fannie Mae, and Freddie Mac, out of all the lenders in the entire crash, it was the two that are the most closely tied to government.
And your system never has stopped anything. In fact, if you look at all the areas of the economy that have the most government intervention.... it's those areas that have the most problems. Education, health care, banking. Those three areas have the absolute most government regulation and oversight, and those are the three the most screwed up areas of the country.
There is zero evidence that capitalism without government, will hang itself. And every single time people point to an example of capitalism failing, it always ends up being a socialized system.
The Federal Government, directly sued banks, to force them to make sub-prime loans. Then those loans fail, and people start screaming the capitalism fails? If the government had not forced banks to make bad loans the sub-prime crash would never have happened.
Look at all the areas of the economy, that are the least regulated. Do you see country wide shortages of office supplies? No. Do you see a mass shortage of food? No. Do you see a mass shortage of office space? No.
Let's even look at local laws. Take housing. Zoning laws are super strict in LA. Houston TX has no zoning laws whatsoever. Where do you see mass housing shortages, and extreme homelessness? LA... not Houston. In fact Houston has some of the most affordable living space in the country... on average. I'm not saying it's extremely cheap, just that compared to over similarly growing and wealthy cities, it's one of the cheapest.
Again, no evidence that unregulated Capitalism will hang itself.
One of the best aspects of Capitalism, is that is self regulating. If you produce a bad product.... we stop buying it. You go out of business. If you provide a bad service, we stop buying it, and you go out of business.
This is why Angie's List exists. We look up from other people that have tried your stuff, and find out it it is crap or not.
Regulations and oversight, usually have the opposite effect. Most of those regulations and oversight, are routinely used by bad actors, to cover their deeds.
The most famous example, was Enron. There was a meeting between Jeff Skilling and the bond holders, where they said directly that looking at the companies reports, it seem to appear as though the company was hiding something. The executives with Jeff Skilling told the concerned bond holders, that they had submitted the proper filing with the SEC, and they could see that for themselves.
They used the fact they had filed papers with the SEC, to conceal the fact the company was in a death spiral. The SEC and other regulations, and regulators, never caught Enron. Enron itself filed for bankruptcy, which revealed the fraud.
If there had never been a regulator, I wager the bond holders in that meeting in the 1990s, would have hired investigators to look into Enron's dealings. It was because there was an SEC, and Enron used the SEC to hide their fraud, that it continued.