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Capitalism In Crisis: Do Either Dems or the GOP Have a Solution?

D

dmcowen674

No Lifer
The problem is not going to disappear by the time the election comes around.

This is sure looking to be an Epic summer dominated by the Occupy Movement.

I would not be surprised if it escalated a lot more than last year.

Romney claims he personally created 120,000 jobs at places like Staples.

Sure, minimum wage service sector jobs that is not so easy to ship to India or China.

That is not real jobs dickhead 1%er Romney

1-17-2012

http://finance.yahoo.com/blogs/dail...BzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Capitalism In Crisis: Do Either Dems or the GOP Have a Solution?



The Financial Times just launched a series of editorials written by leading experts called "Capitalism in Crisis," that aims to broaden the debate. Contributors such as Larry Summers, Vikram Pandit, Mahathir Mohamed and Alan Greenspan raise important questions about capitalism's connection to rising income inequality and its place in a world where Asian economies are booming and Western economies are flailing, especially in Europe.

Income inequality will not go away after the November election and debates on the merits of capitalism will continue to linger in the national narrative.



Tett says Americans may have to address wealth distribution as a means of improving the economy, a concept widely ridiculed conservatives.


"Many people support the American dream in terms of meritocracy..if there's a feeling that everyone can buy into it," Tett tells Aaron and Henry.



But "what's happened to Wall Street in the past decade has really left people questioning whether it is a meritocracy."
 
Capitalism is only politically sustainable when there are government regulations to deal with externalities and a safety net so that when creative destruction happens, people have the ability to weather the effects and rebound.
Republicans have been hard at work dismantling both regulations and safety net, which is why capitalism is headed for a crisis.
 
The whole system depends on infinite growth... We live on a finite planet. It's no surprise we are in this situation. Until we move to an economic system that doe not use constant growth as the only barometer of success, we'll be looking at accelerating failures. It doesn't matter who is in office if the economy is fundamentally flawed.
 
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At the very time the west is threatened by the rise of Asia and globalization, the response is crippled by the wealthy class controlling the political system.

The combination of those two is set to allow the west to be pulled down from what 'first world' has meant historically, causing economic disaster for the west's people.

Ultimately, the agenda of the rich is short sighted, so that the more the west's workers are drug down in cost, the more profitable for the wealthy class - in the short term.
 
We don't have laissze-faire capitalism. Anyone who thinks we have anything close to it is a dumbass. We have a mishmash of regulations and redistribution.

That stupid shit linked by the OP was written by Keynesians whose ideas have been failures for the majority of the past 500 years or so (even if they were known as Hamiltonians before they were known as Keynesians and mercantlists before they were known as Hamiltonians).
 
Franz316 said:
The whole system depends on infinite growth... We live on a finite planet. It's no surprise we are in this situation. Until we move to an economic system that doe not use constant growth as the only barometer of success, we'll be looking at accelerating failures. It doesn't matter who is in office if the economy is fundamentally flawed.
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Absurd. You don't have a clue what your are talking about. You haven't put an inkling of thought into your statement, you just think they sound good in your morally twisted mind.

Growth is simply an increase in the total amount of goods and services in existence. Goods and services are created by labor. As long as, on average, each person produces more than he consumes, there will be growth. Growth is the outcome of a functioning society, not the other way around. A society in which there is zero or negative growth is a society made up entirely of parasites, where everyone thinks they can live at each others' expense.
 
Franz316 said:
The whole system depends on infinite growth... We live on a finite planet. It's no surprise we are in this situation. Until we move to an economic system that doe not use constant growth as the only barometer of success, we'll be looking at accelerating failures. It doesn't matter who is in office if the economy is fundamentally flawed.
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Pft, right... countries like India and many others tried to take the "middle road to nowhere" between USSR central planning and USA capitalism, and it got them squat. Since the 80s they have embraced market economics and are booming. China tossed the economics of communism largely out the window in 1979 and they have been growing like nuts, lifting 400 million people out of poverty.

Your crap premises that lead to crap conclusions sound eerily similar to the failed systems of yesterday. It's regressive and immoral.
 
Why would either party want capitalism? That would take the power away from them to dictate winners and losers.
 
There are all kinds of so called economic laws and theories. We can talk about the law of supply and demand, the trades offs between full employment and inflation, Keynesian vs. Austrian schools of economics, and if we want a laugh we can talk about the Laffer curve.

But still their is one inexorable and iron law of economics independent of capitalistic of socialist theories of economics.


NAMELY NO SOCIETY CAN DISTRIBUTE TO ITS PEOPLE MORE THAN THEY PRODUCE.

If we want to know what ails us, we have all kinds of unemployed Americans and unemployed people produce zero. Which reduces what we can distribute. Simply because American jobs are now outsourced. And those that outsource the jobs get handsome tax breaks for doing so.
 
QuantumPion said:
Growth is simply an increase in the total amount of goods and services in existence. Goods and services are created by labor. As long as, on average, each person produces more than he consumes, there will be growth. Growth is the outcome of a functioning society, not the other way around. A society in which there is zero or negative growth is a society made up entirely of parasites, where everyone thinks they can live at each others' expense.
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In other words, the US is pretty well fucked.
 
The only problem with capitalism Dave is people like you who are too ignorant to make good decisions who then turn around and blame their bad fortunes on others. People like me have and always will flourish in a capitalistic society. Instead of trying to break what is not broken to make yourself feel better why don't you move to one of the utopias whose virtues you are always extolling.
 
Ronstang said:
The only problem with capitalism Dave is people like you who are too ignorant to make good decisions who then turn around and blame their bad fortunes on others. People like me have and always will flourish in a capitalistic society. Instead of trying to break what is not broken to make yourself feel better why don't you move to one of the utopias whose virtues you are always extolling.
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Think you know me and what decisions I have made eh?

What bad decisions are you specifically referring to?
 
That's what I thought, you guys know nothing about me personally.

I'll start making shit up and post it on you assholes too.

It's perfectly OK.
 
QuantumPion said:
Absurd. You don't have a clue what your are talking about. You haven't put an inkling of thought into your statement, you just think they sound good in your morally twisted mind.

Growth is simply an increase in the total amount of goods and services in existence. Goods and services are created by labor. As long as, on average, each person produces more than he consumes, there will be growth. Growth is the outcome of a functioning society, not the other way around. A society in which there is zero or negative growth is a society made up entirely of parasites, where everyone thinks they can live at each others' expense.
Click to expand...

Actually he's spot on accurate and you're completely fucking ignorant and/or insane.
 
dmcowen674 said:
That's what I thought, you guys know nothing about me personally.

I'll start making shit up and post it on you assholes too.

It's perfectly OK.
Click to expand...

So you mean the website, www.freemcowen.com, that gives your personal statement on the events is lying when it says that you were prosecuted for a felony?

Because it seems like the decisions you made led you to being prosecuted and you are claiming that it isn't your fault but that it was being done to make an example of you. That sounds to me like you making poor decisions and then blaming everyone else for the consequences.
 
Born2bwire said:
That sounds to me like you making poor decisions and then blaming everyone else for the consequences.
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That sounds like your opinion, opinions are like assholes, everyone has one.

You can either be a Hero or a Zero, Heroes are friends who pick you up off the ground, and never ask why you fell.

Pretty obvious the Zeroes in here.
 
The growing problem in the US is that it's a growing plutocracy, which has capitalistic overtones, but also limits those without the money from ever attaining it. Money has bought Washington.
 
Doppel said:
The growing problem in the US is that it's a growing plutocracy, which has capitalistic overtones, but also limits those without the money from ever attaining it. Money has bought Washington.
Click to expand...

There is the lopped post.

Why all of sudden not posting in gas thread?
 
dmcowen674 said:
Do Either Dems or the GOP Have a Solution?
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Its the dems and republicans solutions that got us here to start with.

I do not understand why the democraps are even still a party. With presidents like bill clinton and obama, why would anyone vote for the democraps.

If the people want real change, then vote like it.
 
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