WWII and the Great Depression

[EdwardBaiamonte]

working for his own economic gain but unconcerned with the community.

of course that is perfectly stupid and so perfectly liberal. The pure beauty of capitalism lies in the fact that personl gain only comes from knowing, understanding, and meeting the needs of the community.

Now you can see why we are 100% certain that liberalsim is based entirely on pure ignorance.

 

[Bfgrn]

working for his own economic gain but unconcerned with the community.

of course that is perfectly stupid and so perfectly liberal. The pure beauty of capitalism lies in the fact that personl gain only comes from knowing, understanding, and meeting the needs of the community.

Now you can see why we are 100% certain that liberalsim is based entirely on pure ignorance.

Liberals understand capitalism is the best economic system. But they are wise enough to also understand that capitalism should not be treated as a religion. It does not self regulate itself in many cases, especially when not everyone is a STAKEholder in the outcomes produced.

Conservatives 'claim' to be aware that evil exists in human nature...except when that evil is perpetrated by the 'elite' conservatives worship and are subservient to. Then, they are not evil, they are just shrewd, crafty 'entrepreneurs'

Conservatives are dumber than dogshit.

EdwardBaiamonte & friends...

 

[EdwardBaiamonte]

Liberals understand capitalism is the best economic system.

too stupid!! Then why did BO just socialize 17% of the economy with Obamacare????.

But they are wise enough to also understand that capitalism should not be treated as a religion.

too bad the great lliberals Hitler Stalin and Mao and come to think of it all the governments of the world for the last 5000 years didn't think of it as a religion!! Is that really over your head???

It does not self regulate itself in many cases, especially when not everyone is a STAKEholder in the outcomes produced.

of course if true you would not be so afraid to give your best example. What does your fear tell you.

Conservatives 'claim' to be aware that evil exists in human nature...except when that evil is perpetrated by the 'elite'

why so afraid to give an example of this evil???????and what it has to do with capitalism?? What does your fear tell you??

Conservatives are dumber than dogshit.

and liberals are jerks!! You honestly react much like a child. Do you deny you are much like a child?

 

[Widdekind]

Liberals understand capitalism is the best economic system. But ... It does not self regulate itself in many cases, especially when not everyone is a STAKEholder in the outcomes produced.

a "stakeholder" is anyone who affects, or is affected by, some event. The former are the "movers & shakers" (active); the latter are the "innocent bystanders" (passive). If "innocent bystanders" have "rights & privileges" in Society; and if Society allows those to be harmed; then Society has failed (some of) its members.

So, you speak about the violation of rights, e.g. property rights (dumping pollutants). A Society which does not protect property rights, is not Capitalist. A Society which does not protect personal rights, is not humane.

if, perhaps, there could be a benefit from Public assistance for poorer people; then, perhaps, there could be a benefit for some sort of Public "pollution disposal" program ("garbage collection for businesses"). Waste products are inevitable by-products of production; Big Production would inevitably generate lots of by-products. Society needs to find, and fund (privately, or perhaps Publicly) some system of hazardous waste disposal (like people taking oil to special places, but on larger scales).

 

[Bfgrn]

Liberals understand capitalism is the best economic system.

too stupid!! Then why did BO just socialize 17% of the economy with Obamacare????.

But they are wise enough to also understand that capitalism should not be treated as a religion.

too bad the great lliberals Hitler Stalin and Mao and come to think of it all the governments of the world for the last 5000 years didn't think of it as a religion!! Is that really over your head???





of course if true you would not be so afraid to give your best example. What does your fear tell you.

Conservatives 'claim' to be aware that evil exists in human nature...except when that evil is perpetrated by the 'elite'

why so afraid to give an example of this evil???????and what it has to do with capitalism?? What does your fear tell you??

Conservatives are dumber than dogshit.

and liberals are jerks!! You honestly react much like a child. Do you deny you are much like a child?

Health care is a great example. First of all only an ignorant parrot would call the Affordable Health Care Act socialized medicine. Did Obama open hospitals? Did he hire doctors and nurses? Do we have a single payer system?? Do we even have a public option???

The FACTS:

• The Affordable Health Care Act is a private-market plan.

• The Affordable Health Care Act is almost a carbon copy of the health care bill Republicans proposed in 1993, including the BIG conservative idea...the individual mandate.

• Scholars at the right wing think tank the American Enterprise Institute had been ordered not to speak to the media because they agreed with too much of what Obama was trying to do.

Health care does not fit a market based model. Almost EVERY other industrialized nation understands that FACT. There are people employed by insurance companies whose sole job is to go over your health records with a fine tooth comb and find a loophole, a previous treatment for a mole, wart or something they can create a link to your current illness, and they get rewarded for finding and denying treatment.

THAT my naive friend is how a 'free market' works. Insurance companies are not in the healthcare business. They are in the PROFIT business. Denial of expensive treatments feed the bottom line.

Do you understand the keys to a market transaction? Do you understand the term 'leverage'? If one party in a market transaction has little or no leverage, it is NOT a free market. It is a captured market.

Here's a guy who was an executive VP at CIGNA for 15 years:

Wendell Potter, who retired last April from his job as head of communications for the CIGNA health insurance company, has been in the news since then as a whistle-blowing critic of the insurance industry. Today I belatedly read his June 24 testimony to the U.S. Senate Committee on Commerce, Science and Transportation (see here) watched his July 10 interview with Bill Moyers (see here).

Potter is especially clear about the way short term considerations drive the behavior of for-profit insurers:

The top priority of for-profit companies is to drive up the value of their stock. Stocks fluctuate based on companies’ quarterly reports, which are discussed every three months in conference calls with investors and analysts. On these calls, Wall Street investors and analysts look for two key figures: earnings per share and the "medical-loss" ratio - the ratio between what the company actually pays out in claims and what it has left over to cover sales, marketing, underwriting and other administrative expenses and, of course, profits.

To win the favor of powerful analysts, for-profit insurers must prove that they made more money during the previous quarter than a year earlier and that the portion of the premium going to medical costs is falling. Even very profitable companies can see sharp declines in stock prices moments after admitting they’ve failed to trim medical costs. I have seen an insurer’s stock price fall 20 percent or more in a single day after executives disclosed that the company had to spend a slightly higher percentage of premiums on medical claims during the quarter than it did during a previous period. The smoking gun was the company’s first-quarter medical loss ratio, which had increased from 77.9% to 79.4% a year later.

Health Care Organizational Ethics: Wendell Potter on For-Profit Health Insurance

 

[Widdekind]

Inexpertly, the Democratic advantage has tended to be (mathematically) "C + G". Republicans may have a slight advantage in "I", especially if you consider NAFTA as a "Republican-like policy", perhaps a political compromise of sorts. But, business investments are a small fraction of US GDP.

Price-levels for personal consumption (C), investments (I), & government (G) tracked together, until c.1980. Then, the price-levels for (C,G) diverged, from the price-level for (I). OPEC's agreement, to reduce oil prices, during Reagan's Presidency, led to the "Great Moderation", apparently most prominent for investments (houses, factories), where-amongst price-levels have increased only 50%. Conversely, price-levels have increased 150% for consumers, and 200% for government, the latter sky-rocketing above the former under Pres. Bush the younger:

Inexpertly, investments in capital (houses, factories) seem to occur "an economy apart" from personal consumption (food, cars) and government (teachers, police, soldiers; ships, bases, computers). Lower prices imply "fewer dollars chasing after products", so perhaps relatively less money circulates amongst capital investments ? Or, given the "Great Moderation", perhaps costs are simply lower for private-sector capital projects (so that the private investments AS curve is simply lower, compared to consumption & government) ? Net corporate taxes, relative to GDP, actually increased under Pres. Reagan, and so "reduced taxes" or "corporate welfare" do not seem to explain the "Great Moderation" in capital investment price-levels.