Who's Afraid of Socialism?

[Toddsterpatriot]

How about creating a global monetary order that permits the US to run ever deeper into debt without any foreign constraint,

No foreign constraint? What gave you that (incorrect) idea?

You're ignorant of the mechanism by which the US dollar obligates foreign countries to finance US balance of payments deficits?

You're perplexed by how removing gold convertibility in 1971 allowed the US to pursue unilateral trade policies, essentially compelling foreigners to partially finance the heroic US armed forces' campaign of mass murder and displacement across Vietnam, Laos, and Cambodia?

Really?

You're ignorant of the mechanism by which the US dollar obligates foreign countries to finance US balance of payments deficits?

No, you are.

 

[basquebromance]

if you import third world social conditions into any country, at some point you will get third world politics.

 

[georgephillip]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

FDR's crap failed. WWII brought us out of it.

WWII brought full employment in 1941.
Between 1933-'36 New Deal programs like the Civilian Conservation Corps and Civil Works Administration put millions back to work when capitalism couldn't due to lack of profit.

New Deal - Wikipedia

"The First New Deal (1933–1934) dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration (FERA) provided $500 million ($9.68 billion today) for relief operations by states and cities, while the short-lived CWA gave locals money to operate make-work projects in 1933–1934.[4]

"The Securities Act of 1933 was enacted to prevent a repeated stock market crash. The controversial work of the National Recovery Administration (NRA) was also part of the First New Deal."

 

[Pumpkin Row]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

You mean Corporatism, the word capitalism is constantly misused by politicians because they don't want people to consider the possibility of government NOT being involved in the market.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

You mean the severe effects of government intervention were extended by further government intervention. The Great Depression was caused by the Government's creation of the Federal Reserve Bank and heavy regulations on the Market, and further regulation caused the Great Depression to be extended.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

It's amazing how hard this individual seems to be trying to avoid saying anything that's factual. Since the very founding of America, regulations have only increased with every passing week, and that has not changed at any point. The Federal Register shows that regardless of what ruler is in power, the government's control only expands, and the result of that expansion is the perpetuation of corporatism.

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

False. Tending towards maximized profit only causes businesses to make their product as available and enticing as they possibly can, because Capitalism is VOLUNTARY exchange, and anyone who does not follow this trend will be beaten by their competition. What subverts this is government involvement in the market, as any and all regulations, by design, make the cost of production and distribution increase, and this has worse effects on smaller businesses than on larger, more established businesses. In other words, it promotes monopolies.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

The government generated every financial bubble in American history. For example, the CRA forced banks to make bad loans, which caused the 2008 financial crisis. The United States hasn't been "Free Market" since the first 50 years after the Government's creation.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

The government caused the issues in the first place, as I've detailed above, and Socialism has not, does not, and will never work. The Economic Calculation Problem prevents ANY government programs from functioning, and nothing can ever be done about it. In fact, the government and the politicians therein only refer to the United States as "Free Market" so that the uninformed will continue to demand further regulation. The United States isn't even in the top 15 in terms of economic freedom.
Country Rankings: World & Global Economy Rankings on Economic Freedom

You know what's funny, though? Corporatism is still better than Socialism, since it has fewer failures: Afghanistan(Twice), Albania(Three times), Angola, Benin, Bulgaria, Cambodia(Twice), Congo-Brazzaville, Czechoslovakia(twice), Ethiopia(twice), Germany, Hungary, North Korea, Mongolia, Mozambique, Poland, Romania, Somalia, Russia, North Vietnam, South Yemen, Yugoslavia, Venezuela, Greece.

 

[Ambivalent1]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

FDR's crap failed. WWII brought us out of it.

WWII brought full employment in 1941.
Between 1933-'36 New Deal programs like the Civilian Conservation Corps and Civil Works Administration put millions back to work when capitalism couldn't due to lack of profit.

New Deal - Wikipedia

"The First New Deal (1933–1934) dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration (FERA) provided $500 million ($9.68 billion today) for relief operations by states and cities, while the short-lived CWA gave locals money to operate make-work projects in 1933–1934.[4]

"The Securities Act of 1933 was enacted to prevent a repeated stock market crash. The controversial work of the National Recovery Administration (NRA) was also part of the First New Deal."

Nope, sorry. The Left has tried to rewrite history.

"“We have tried spending money. We are spending more than we have ever spent before and it does not work.”"

"“I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.”"

"“I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!”"

"
The words are those of none other than Henry Morgenthau Jr. — close friend, lunch companion, loyal secretary of the Treasury to President Franklin D. Roosevelt — and key architect of FDR’s New Deal.

The date: May 9, 1939. The setting: Morgenthau’s appearance in Washington before less influential Democrats on the House Ways and Means Committee."

'We're Spending More Than Ever and It Doesn't Work'

 

[georgephillip]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

FDR's crap failed. WWII brought us out of it.

WWII brought full employment in 1941.
Between 1933-'36 New Deal programs like the Civilian Conservation Corps and Civil Works Administration put millions back to work when capitalism couldn't due to lack of profit.

New Deal - Wikipedia

"The First New Deal (1933–1934) dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration (FERA) provided $500 million ($9.68 billion today) for relief operations by states and cities, while the short-lived CWA gave locals money to operate make-work projects in 1933–1934.[4]

"The Securities Act of 1933 was enacted to prevent a repeated stock market crash. The controversial work of the National Recovery Administration (NRA) was also part of the First New Deal."

Nope, sorry. The Left has tried to rewrite history.

"“We have tried spending money. We are spending more than we have ever spent before and it does not work.”"

"“I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.”"

"“I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!”"

"
The words are those of none other than Henry Morgenthau Jr. — close friend, lunch companion, loyal secretary of the Treasury to President Franklin D. Roosevelt — and key architect of FDR’s New Deal.

The date: May 9, 1939. The setting: Morgenthau’s appearance in Washington before less influential Democrats on the House Ways and Means Committee."

'We're Spending More Than Ever and It Doesn't Work'

Your Morgenthau quote comes AFTER conservative Republicans shut down many aspects of the New Deal AFTER the 1938 midterms:

New Deal - Wikipedia

"The economic downturn of 1937–1938 and the bitter split between the American Federation of Labor (AFL) and Congress of Industrial Organizations (CIO) labor unions led to major Republican gains in Congress in 1938.

"Conservative Republicans and Democrats in Congress joined in the informal conservative coalition.

"By 1942–1943, they shut down relief programs such as the WPA and the CCC and blocked major liberal proposals."

 

[Ambivalent1]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

FDR's crap failed. WWII brought us out of it.

WWII brought full employment in 1941.
Between 1933-'36 New Deal programs like the Civilian Conservation Corps and Civil Works Administration put millions back to work when capitalism couldn't due to lack of profit.

New Deal - Wikipedia

"The First New Deal (1933–1934) dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration (FERA) provided $500 million ($9.68 billion today) for relief operations by states and cities, while the short-lived CWA gave locals money to operate make-work projects in 1933–1934.[4]

"The Securities Act of 1933 was enacted to prevent a repeated stock market crash. The controversial work of the National Recovery Administration (NRA) was also part of the First New Deal."

Nope, sorry. The Left has tried to rewrite history.

"“We have tried spending money. We are spending more than we have ever spent before and it does not work.”"

"“I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.”"

"“I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!”"

"
The words are those of none other than Henry Morgenthau Jr. — close friend, lunch companion, loyal secretary of the Treasury to President Franklin D. Roosevelt — and key architect of FDR’s New Deal.

The date: May 9, 1939. The setting: Morgenthau’s appearance in Washington before less influential Democrats on the House Ways and Means Committee."

'We're Spending More Than Ever and It Doesn't Work'

Your Morgenthau quote comes AFTER conservative Republicans shut down many aspects of the New Deal AFTER the 1938 midterms:

New Deal - Wikipedia

"The economic downturn of 1937–1938 and the bitter split between the American Federation of Labor (AFL) and Congress of Industrial Organizations (CIO) labor unions led to major Republican gains in Congress in 1938.

"Conservative Republicans and Democrats in Congress joined in the informal conservative coalition.

"By 1942–1943, they shut down relief programs such as the WPA and the CCC and blocked major liberal proposals."

Oh golly well then SURELY he'd have made that point (if that's what he thought). You've been conditioned to accept the rewritten version of history. It didn't work, Morgenthau tells you that and all you can do is blame "Republicans". Lord.

 

[Rustic]

 

[georgephillip]

You mean Corporatism, the word capitalism is constantly misused by politicians because they don't want people to consider the possibility of government NOT being involved in the market.

Can you provide a distinction between "corporatism" and "capitalism"?

Corporatism - Wikipedia

"Corporatism is a political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, scientific, or guild associations on the basis of their common interests.[1][2][3] The idea is that when each group performs its designated function, society will function harmoniously — like a human body (corpus) from which its name derives."

How does society organize corporate groups without using government?

corporatism - Google Search

"cor·po·rat·ism
/ˈkôrp(ə)rəˌtizəm/
noun

1. the control of a state or organization by large interest groups.
   'fascism was the high point of corporatism'"

 

[georgephillip]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

FDR's crap failed. WWII brought us out of it.

WWII brought full employment in 1941.
Between 1933-'36 New Deal programs like the Civilian Conservation Corps and Civil Works Administration put millions back to work when capitalism couldn't due to lack of profit.

New Deal - Wikipedia

"The First New Deal (1933–1934) dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration (FERA) provided $500 million ($9.68 billion today) for relief operations by states and cities, while the short-lived CWA gave locals money to operate make-work projects in 1933–1934.[4]

"The Securities Act of 1933 was enacted to prevent a repeated stock market crash. The controversial work of the National Recovery Administration (NRA) was also part of the First New Deal."

Nope, sorry. The Left has tried to rewrite history.

"“We have tried spending money. We are spending more than we have ever spent before and it does not work.”"

"“I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.”"

"“I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!”"

"
The words are those of none other than Henry Morgenthau Jr. — close friend, lunch companion, loyal secretary of the Treasury to President Franklin D. Roosevelt — and key architect of FDR’s New Deal.

The date: May 9, 1939. The setting: Morgenthau’s appearance in Washington before less influential Democrats on the House Ways and Means Committee."

'We're Spending More Than Ever and It Doesn't Work'

Your Morgenthau quote comes AFTER conservative Republicans shut down many aspects of the New Deal AFTER the 1938 midterms:

New Deal - Wikipedia

"The economic downturn of 1937–1938 and the bitter split between the American Federation of Labor (AFL) and Congress of Industrial Organizations (CIO) labor unions led to major Republican gains in Congress in 1938.

"Conservative Republicans and Democrats in Congress joined in the informal conservative coalition.

"By 1942–1943, they shut down relief programs such as the WPA and the CCC and blocked major liberal proposals."

Oh golly well then SURELY he'd have made that point (if that's what he thought). You've been conditioned to accept the rewritten version of history. It didn't work, Morgenthau tells you that and all you can do is blame "Republicans". Lord.

Who's writing your version of history, the Koch brothers?

1938 Midterm Elections - Conservapedia

"1938 Midterm Elections

"In the midterm elections of 1938 the Republican Party gained 81 seats in the U.S. House of Representatives and six seats in the U.S. Senate from the Democratic Party.

"Republicans had lost seats in both houses of Congress in 1930, 1932, 1934, and 1936.

"Their totals were a mere 88 seats in the House and 16 seats in the Senate.

"Following President Franklin D. Roosevelt's landslide reelection in 1936, he attempted to pack the Supreme Court with six new justices to neutralize conservative Justices who struck down some of his New Deal programs as unconstitutional.

"It received backlash from his own party as an overreach of executive power.

"Roosevelt's political standing was also damaged by a sharp economic downturn in 1937 and 1938.

"Unemployment rose from 5 million Americans to more than 12 million, manufacturing, consumer spending, and personal income all declined.

"Critics dubbed it the 'Roosevelt Recession' and seemed to vindicate Republican attacks on the New Deal.

"According to an August 1938 Gallup poll, 66% of Americans wanted FDR to take more conservative policies

 

[Rustic]

FDR's crap failed. WWII brought us out of it.

WWII brought full employment in 1941.
Between 1933-'36 New Deal programs like the Civilian Conservation Corps and Civil Works Administration put millions back to work when capitalism couldn't due to lack of profit.

New Deal - Wikipedia

"The First New Deal (1933–1934) dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration (FERA) provided $500 million ($9.68 billion today) for relief operations by states and cities, while the short-lived CWA gave locals money to operate make-work projects in 1933–1934.[4]

"The Securities Act of 1933 was enacted to prevent a repeated stock market crash. The controversial work of the National Recovery Administration (NRA) was also part of the First New Deal."

Nope, sorry. The Left has tried to rewrite history.

"“We have tried spending money. We are spending more than we have ever spent before and it does not work.”"

"“I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.”"

"“I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!”"

"
The words are those of none other than Henry Morgenthau Jr. — close friend, lunch companion, loyal secretary of the Treasury to President Franklin D. Roosevelt — and key architect of FDR’s New Deal.

The date: May 9, 1939. The setting: Morgenthau’s appearance in Washington before less influential Democrats on the House Ways and Means Committee."

'We're Spending More Than Ever and It Doesn't Work'

Your Morgenthau quote comes AFTER conservative Republicans shut down many aspects of the New Deal AFTER the 1938 midterms:

New Deal - Wikipedia

"The economic downturn of 1937–1938 and the bitter split between the American Federation of Labor (AFL) and Congress of Industrial Organizations (CIO) labor unions led to major Republican gains in Congress in 1938.

"Conservative Republicans and Democrats in Congress joined in the informal conservative coalition.

"By 1942–1943, they shut down relief programs such as the WPA and the CCC and blocked major liberal proposals."

Oh golly well then SURELY he'd have made that point (if that's what he thought). You've been conditioned to accept the rewritten version of history. It didn't work, Morgenthau tells you that and all you can do is blame "Republicans". Lord.

Who's writing your version of history, the Koch brothers?

1938 Midterm Elections - Conservapedia

"1938 Midterm Elections

"In the midterm elections of 1938 the Republican Party gained 81 seats in the U.S. House of Representatives and six seats in the U.S. Senate from the Democratic Party.

"Republicans had lost seats in both houses of Congress in 1930, 1932, 1934, and 1936.

"Their totals were a mere 88 seats in the House and 16 seats in the Senate.

"Following President Franklin D. Roosevelt's landslide reelection in 1936, he attempted to pack the Supreme Court with six new justices to neutralize conservative Justices who struck down some of his New Deal programs as unconstitutional.

"It received backlash from his own party as an overreach of executive power.

"Roosevelt's political standing was also damaged by a sharp economic downturn in 1937 and 1938.

"Unemployment rose from 5 million Americans to more than 12 million, manufacturing, consumer spending, and personal income all declined.

"Critics dubbed it the 'Roosevelt Recession' and seemed to vindicate Republican attacks on the New Deal.

"According to an August 1938 Gallup poll, 66% of Americans wanted FDR to take more conservative policies

Socialism has always been and always will be a **** up...

 

[Ambivalent1]

WWII brought full employment in 1941.
Between 1933-'36 New Deal programs like the Civilian Conservation Corps and Civil Works Administration put millions back to work when capitalism couldn't due to lack of profit.

New Deal - Wikipedia

"The First New Deal (1933–1934) dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration (FERA) provided $500 million ($9.68 billion today) for relief operations by states and cities, while the short-lived CWA gave locals money to operate make-work projects in 1933–1934.[4]

"The Securities Act of 1933 was enacted to prevent a repeated stock market crash. The controversial work of the National Recovery Administration (NRA) was also part of the First New Deal."

Nope, sorry. The Left has tried to rewrite history.

"“We have tried spending money. We are spending more than we have ever spent before and it does not work.”"

"“I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.”"

"“I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!”"

"
The words are those of none other than Henry Morgenthau Jr. — close friend, lunch companion, loyal secretary of the Treasury to President Franklin D. Roosevelt — and key architect of FDR’s New Deal.

The date: May 9, 1939. The setting: Morgenthau’s appearance in Washington before less influential Democrats on the House Ways and Means Committee."

'We're Spending More Than Ever and It Doesn't Work'

Your Morgenthau quote comes AFTER conservative Republicans shut down many aspects of the New Deal AFTER the 1938 midterms:

New Deal - Wikipedia

"The economic downturn of 1937–1938 and the bitter split between the American Federation of Labor (AFL) and Congress of Industrial Organizations (CIO) labor unions led to major Republican gains in Congress in 1938.

"Conservative Republicans and Democrats in Congress joined in the informal conservative coalition.

"By 1942–1943, they shut down relief programs such as the WPA and the CCC and blocked major liberal proposals."

Oh golly well then SURELY he'd have made that point (if that's what he thought). You've been conditioned to accept the rewritten version of history. It didn't work, Morgenthau tells you that and all you can do is blame "Republicans". Lord.

Who's writing your version of history, the Koch brothers?

1938 Midterm Elections - Conservapedia

"1938 Midterm Elections

"In the midterm elections of 1938 the Republican Party gained 81 seats in the U.S. House of Representatives and six seats in the U.S. Senate from the Democratic Party.

"Republicans had lost seats in both houses of Congress in 1930, 1932, 1934, and 1936.

"Their totals were a mere 88 seats in the House and 16 seats in the Senate.

"Following President Franklin D. Roosevelt's landslide reelection in 1936, he attempted to pack the Supreme Court with six new justices to neutralize conservative Justices who struck down some of his New Deal programs as unconstitutional.

"It received backlash from his own party as an overreach of executive power.

"Roosevelt's political standing was also damaged by a sharp economic downturn in 1937 and 1938.

"Unemployment rose from 5 million Americans to more than 12 million, manufacturing, consumer spending, and personal income all declined.

"Critics dubbed it the 'Roosevelt Recession' and seemed to vindicate Republican attacks on the New Deal.

"According to an August 1938 Gallup poll, 66% of Americans wanted FDR to take more conservative policies

Socialism has always been and always will be a **** up...

The Left's ONLY response to anything is take people's money. GP has bought into the rewritten history of FDR. FDR early on became enamored of Central Planning and surrounded himself with "Fellow Travelers", people who had spent time in the Soviet Union and learned their ways.

 

[danielpalos]

socialism should be about nurture; we have capitalism for nature.

 

[Pumpkin Row]

You mean Corporatism, the word capitalism is constantly misused by politicians because they don't want people to consider the possibility of government NOT being involved in the market.

Can you provide a distinction between "corporatism" and "capitalism"?

Corporatism - Wikipedia

"Corporatism is a political ideology which advocates the organization of society by corporate groups, such as agricultural, labour, military, scientific, or guild associations on the basis of their common interests.[1][2][3] The idea is that when each group performs its designated function, society will function harmoniously — like a human body (corpus) from which its name derives."

How does society organize corporate groups without using government?

corporatism - Google Search

"cor·po·rat·ism
/ˈkôrp(ə)rəˌtizəm/
noun

1. the control of a state or organization by large interest groups.
   'fascism was the high point of corporatism'"

By having no Corporate groups, they are a result of government. Without government, anyone would be free to exchange the fruits of their labor, their property, without any restrictions, creating the greatest possible economy. All government does is promote monopolies and narrow consumer choice, while causing higher prices.

In other words, corporatism is a creation of government, while capitalism is completely separate.

 

[francoHFW]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

Pure socialism or pure capitalism does not work. Show me an example of either that works in the real world.
Our government is a blend of both capitalism and socialism, heavier on capitalism.
The key is took get the balance right.

You have watched too much Star Wars "Find the balance of good and evil in the force".

USA is a capitalist nation. Here the mantra is to **** socialism and evil. Save the fiction for dumber 3rd world countries.

Everywhere outside the Cold War dinosaur GOP bubble of BS propaganda, socialism is simply fair capitalism always Democratic with a good safety net. Carry on with the wrong definition, super dupers....

 

[ElmerMudd]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

Pure socialism or pure capitalism does not work. Show me an example of either that works in the real world.
Our government is a blend of both capitalism and socialism, heavier on capitalism.
The key is took get the balance right.

Pure capitalism does work, but there are numerous people who do everything in their power to destroy it.

People do destroy capitalism through greed, lying, cheating; basic lack of ethics and a moral compass.

 

[bripat9643]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

Pure socialism or pure capitalism does not work. Show me an example of either that works in the real world.
Our government is a blend of both capitalism and socialism, heavier on capitalism.
The key is took get the balance right.

Pure capitalism does work, but there are numerous people who do everything in their power to destroy it.

People do destroy capitalism through greed, lying, cheating; basic lack of ethics and a moral compass.

No, they destroy capitalism by voting for government that will stop other people from doing what they don't want them to do. A lot of people just can't state the idea that some people want things they don't approve of.

 

[georgephillip]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

Pure socialism or pure capitalism does not work. Show me an example of either that works in the real world.
Our government is a blend of both capitalism and socialism, heavier on capitalism.
The key is took get the balance right.

Pure capitalism does work, but there are numerous people who do everything in their power to destroy it.

People do destroy capitalism through greed, lying, cheating; basic lack of ethics and a moral compass.

No, they destroy capitalism by voting for government that will stop other people from doing what they don't want them to do. A lot of people just can't state the idea that some people want things they don't approve of.

Donald Trump, Lumpen Capitalist

 

[ElmerMudd]

Who’s Afraid of Socialism? | Open Media Boston

"Capitalism’s incompatibility with majority interests has been reaffirmed by the current economic crisis.

"Earlier, the most severe effects of capitalism had been offset, within the US, by the progressive reforms of the 1930s.

"But capital’s political power was less restrained in this country than it was in the other rich countries.

"Flush with military might and bolstered by a mass right-wing culture of arrogant self-righteousness, US capital launched a withering counterattack against the New Deal legacy, culminating in an almost three-decade orgy of anti-welfare legislation, imperialist aggression, privatization, and deregulation."

Unrestrained profit maximization results in concentrating an enormous amount of surplus capital which can find few safe investments.

"Free market" capitalists turn to highly speculative scams which generate financial bubbles as the real economy continues to be hollowed out and the working class is driven deeper into debt.

Socialism would turn to government for an alternative, but US government is Goldman Sachs regardless of which major party is in control.

Pure socialism or pure capitalism does not work. Show me an example of either that works in the real world.
Our government is a blend of both capitalism and socialism, heavier on capitalism.
The key is took get the balance right.

Pure capitalism does work, but there are numerous people who do everything in their power to destroy it.

People do destroy capitalism through greed, lying, cheating; basic lack of ethics and a moral compass.

No, they destroy capitalism by voting for government that will stop other people from doing what they don't want them to do. A lot of people just can't state the idea that some people want things they don't approve of.

Like the snake oil salesman who gets rich off selling a medicine that does nothing. Or the Florida land salesman who sells swamp land that cannot be used. Or the gas and oil company that gets so large new companies cannot compete. Or the petroleum company that tries to stop the advancement of electricity because it will affect their sales of kerosene. Or the large manufacturing plant that brings in indentured workers from eastern europe paying them very little. Or the sweat shop that has no fire escapes or sprinklers and catches fire and kills all inside. Like the company that brings in counterfeit product and sells as if it is their brand.

 

[georgephillip]

WWII brought full employment in 1941.
Between 1933-'36 New Deal programs like the Civilian Conservation Corps and Civil Works Administration put millions back to work when capitalism couldn't due to lack of profit.

New Deal - Wikipedia

"The First New Deal (1933–1934) dealt with the pressing banking crises through the Emergency Banking Act and the 1933 Banking Act. The Federal Emergency Relief Administration (FERA) provided $500 million ($9.68 billion today) for relief operations by states and cities, while the short-lived CWA gave locals money to operate make-work projects in 1933–1934.[4]

"The Securities Act of 1933 was enacted to prevent a repeated stock market crash. The controversial work of the National Recovery Administration (NRA) was also part of the First New Deal."

Nope, sorry. The Left has tried to rewrite history.

"“We have tried spending money. We are spending more than we have ever spent before and it does not work.”"

"“I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.”"

"“I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!”"

"
The words are those of none other than Henry Morgenthau Jr. — close friend, lunch companion, loyal secretary of the Treasury to President Franklin D. Roosevelt — and key architect of FDR’s New Deal.

The date: May 9, 1939. The setting: Morgenthau’s appearance in Washington before less influential Democrats on the House Ways and Means Committee."

'We're Spending More Than Ever and It Doesn't Work'

Your Morgenthau quote comes AFTER conservative Republicans shut down many aspects of the New Deal AFTER the 1938 midterms:

New Deal - Wikipedia

"The economic downturn of 1937–1938 and the bitter split between the American Federation of Labor (AFL) and Congress of Industrial Organizations (CIO) labor unions led to major Republican gains in Congress in 1938.

"Conservative Republicans and Democrats in Congress joined in the informal conservative coalition.

"By 1942–1943, they shut down relief programs such as the WPA and the CCC and blocked major liberal proposals."

Oh golly well then SURELY he'd have made that point (if that's what he thought). You've been conditioned to accept the rewritten version of history. It didn't work, Morgenthau tells you that and all you can do is blame "Republicans". Lord.

Who's writing your version of history, the Koch brothers?

1938 Midterm Elections - Conservapedia

"1938 Midterm Elections

"In the midterm elections of 1938 the Republican Party gained 81 seats in the U.S. House of Representatives and six seats in the U.S. Senate from the Democratic Party.

"Republicans had lost seats in both houses of Congress in 1930, 1932, 1934, and 1936.

"Their totals were a mere 88 seats in the House and 16 seats in the Senate.

"Following President Franklin D. Roosevelt's landslide reelection in 1936, he attempted to pack the Supreme Court with six new justices to neutralize conservative Justices who struck down some of his New Deal programs as unconstitutional.

"It received backlash from his own party as an overreach of executive power.

"Roosevelt's political standing was also damaged by a sharp economic downturn in 1937 and 1938.

"Unemployment rose from 5 million Americans to more than 12 million, manufacturing, consumer spending, and personal income all declined.

"Critics dubbed it the 'Roosevelt Recession' and seemed to vindicate Republican attacks on the New Deal.

"According to an August 1938 Gallup poll, 66% of Americans wanted FDR to take more conservative policies

Socialism has always been and always will be a **** up...

"How Failed Capitalism Opened Pandora's Box, Unleashing Trump, Le Pen, Farage"
How Failed Capitalism Opened Pandora's Box, Unleashing Trump, Le Pen, Farage

Capitalism is the disease.
Trump is the symptom.
Socialism is the cure.