We Need Socialism.

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What is needed is not any "ism" from the past, but new concepts of how to accomplish what former economic systems tried to do, but ultimately failed.
 
What is needed is not any "ism" from the past, but new concepts of how to accomplish what former economic systems tried to do, but ultimately failed.
Capitalism is a loaded term - subject to much equivocation. But if distill it to private property and free trade, I'm a big fan.

The thing is, I've never seen such a system as trying to "accomplish" anything. Other than basic respect for individual rights.
 
Milton Friedman, an icon of neoliberal economics, once responded to the question of why greed is the driving force behind capitalism by saying, “Do you think there is no greed in the USSR?”

Yes, but in the USSR, greedy people were systematically ostracized, and the particularly greedy were sent to Siberia in government railcars. In your opinion, Milton, greed is blessing.

When a system encourages greed, the following things happen - Capitalism in the 21st century measured greed and organized a competition to see, who could be the most greedy. A phase shift occurred—psychopaths took the helm, people, who are physically incapable of feeling the pain of others, when a psychopath is climbing toward his goal.

A financial bandit, who bets on the decline of the shares of a huge enterprise with thousands of employees thinks only about his final profit, and not about how these thousands of people will be thrown out onto the street if the financial bandit's short position burns out and his victim goes bankrupt. Capitalism is a paradise for psychopaths.

Moreover, packs of financial psychopaths constantly prowl the world, choosing which country's currency to crash and profit from it. They are completely indifferent to the suffering of millions of people, and the system encourages such monsters by setting up mechanisms for the instant withdrawal of capital from the victim country.
These are the heroes of capitalism.
 
15th post
Milton Friedman, an icon of neoliberal economics, once responded to the question of why greed is the driving force behind capitalism by saying, “Do you think there is no greed in the USSR?”

Yes, but in the USSR, greedy people were systematically ostracized, and the particularly greedy were sent to Siberia in government railcars. In your opinion, Milton, greed is blessing.

When a system encourages greed, the following things happen - Capitalism in the 21st century measured greed and organized a competition to see, who could be the most greedy. A phase shift occurred—psychopaths took the helm, people, who are physically incapable of feeling the pain of others, when a psychopath is climbing toward his goal.

A financial bandit, who bets on the decline of the shares of a huge enterprise with thousands of employees thinks only about his final profit, and not about how these thousands of people will be thrown out onto the street if the financial bandit's short position burns out and his victim goes bankrupt. Capitalism is a paradise for psychopaths.

Moreover, packs of financial psychopaths constantly prowl the world, choosing which country's currency to crash and profit from it. They are completely indifferent to the suffering of millions of people, and the system encourages such monsters by setting up mechanisms for the instant withdrawal of capital from the victim country.
These are the heroes of capitalism.

Yes, but in the USSR, greedy people were systematically ostracized, and the particularly greedy were sent to Siberia in government railcars.

The greedy nomenklatura were the ones in charge. They weren't being sent anywhere.
 
Ringo boy you have a vivid imagination. The greedy ones in the USSR simply joined the party and became apparatchiks . They still lived rich lives at the cost of the proletariat, had special shops to buy things, access to German appliances and western medicines.
 
Milton Friedman, an icon of neoliberal economics, once responded to the question of why greed is the driving force behind capitalism by saying, “Do you think there is no greed in the USSR?”

Yes, but in the USSR, greedy people were systematically ostracized, and the particularly greedy were sent to Siberia in government railcars. In your opinion, Milton, greed is blessing.
LOL - not exactly. Greed is the desire for economic power. In the USSR, the greedy joined the government -- which is, under socialism, the nexus of economic power. Except that socialism is even better (for the greedy) because it combines political and economic power. They can fleece you and have you arrested if you ***** about it.
 
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