Please Scroll Down to See Forums Below 
The coming plutocracy
- Thread starter Mr. dB
- Start date
javaguru
Banned
I live in a "swing state" and luckily It's October so I watch cheesy horror films on cable so I can avoid these millions of dollars designed to turn me into a drone that will vote for Barry or Willard; I haven't voted for a Repub or Dem for pres since Bush the elder squared off against Slick Willy; It appears all these commercials are for naught...
If an avalanche of money spent on commercials could determine choices then we would all be drinking new coke, just sayin.
If an avalanche of money spent on commercials could determine choices then we would all be drinking new coke, just sayin.
I agree but moyers is a left wing hack so in this case im gonna shoot the messenger based on his stupid romney "embodiment of predatory capitalist" comment while casually saying obama is the "good guy but just hasnt been the saint we all know he normally is lately"
javaguru
Banned
Secondly, how did Bill Gates or Steve Jobs make me poor by making shitloads of money while improving my life? Bill Gates has fueled my career and grown the pie by making all of society wealthier; The greatest anti-poverty initiative is free market capitalism. I know you're pointing to crony capitalism but that's a function of government and not the market.
redsamurai
Banned
wrong, way wrong. You so casually dismiss the markets culpability in this it's astounding. Sorry Java but you are as brainwashed as ultra lefties who think the market does nothing good and the govt is the embodiment of all that is good. Crony capitalism is a function of the market overrunning what was once not a bad thing. The govt's original job was to protect us from the excess's of the free market which if left completely unchecked can easily collapse a society....you know like saying porn companies can't market hardcore DVDA pornography to preschoolers, insignificant stuff like that
Our govt has become corrupted by the excess's of the free market it was supposed to protect us from. But it's not a function of the superiority of either capitalism over socialism or vice versa....it's simply the decay of man, no more no less. We are an irrational decaying society and the discussion of whether socialism or capitalism is better for us is a moot point now.
javaguru
Banned
When have pornographers even attempted to market to children?wrong, way wrong. You so casually dismiss the markets culpability in this it's astounding. Sorry Java but you are as brainwashed as ultra lefties who think the market does nothing good and the govt is the embodiment of all that is good. Crony capitalism is a function of the market overrunning what was once not a bad thing. The govt's original job was to protect us from the excess's of the free market which if left completely unchecked can easily collapse a society....you know like saying porn companies can't market hardcore DVDA pornography to preschoolers, insignificant stuff like that
Our govt has become corrupted by the excess's of the free market it was supposed to protect us from. But it's not a function of the superiority of either capitalism over socialism or vice versa....it's simply the decay of man, no more no less. We are an irrational decaying society and the discussion of whether socialism or capitalism is better for us is a moot point now.
The government allowed unrestricted marketing of new coke and now the only drink we can purchase is new coke? Oh right, it was rejected even though it had the greatest marketing push in history.
Your thesis is that select criminals with an exclusive monopoly on violence are the people best positioned to manage everyone's life? Google Democide, governments have killed between 175 and 200 million of their own people in the 20th century, excluding wars; It's based on their policies. If you include wars, WWI and WWII weren't caused by businessmen....they were the natural outcome of government.
I'm happy to let you believe in your personal Jesus of government but the data are on my side and I only ask that you allow me to opt out.
It's funny how the righties mock welfare recipients voting themselves a raise, or Congress voting themselves a raise, but have no problem with the board of directors voting themselves raises.
Extreme executive compensation, among other things, comes at the expense of thousands of regular employees. But we're supposed to fellate them because they're "Job Creators"?
Extreme executive compensation, among other things, comes at the expense of thousands of regular employees. But we're supposed to fellate them because they're "Job Creators"?
Those “Evil, Rich People” ? are Democrats | New American Gazette
List of Barack Obama presidential campaign endorsements.
Sure is a lot of super-rich people in that list.
Headholio
New member
Figuring out how many dems or repubs are rich misses the point. The point is that a country that has all its wealth concentrated with a few elite is a dysfunctional country. The question is, which party is more likely to make it worse, and which party is more likely to improve the situation.
Neither party will improve the situation. They are all bought and paid for.
baffling how out of one side of their mouths they bemoan wealth and success, but out of the other side they love warren buffett, george soros, micheal jordan, george clooney, bill gates, etc.
in their eyes the former wealth is evil/racist, while the ladder's wealth is okay and gracious...
"Debunked" by two 5-year periods, one in the 1920s and one in the 1980s?
Watch the Moyers video, they discuss the imagined dichotomy between "good plutocrats" and "bad plutocrats".
On one hand, yes most people would agree that capitalism is being exploited far more than it should be.
On the other, what system still provides anyone with a good idea and initiative the chance to become wealthy in the least amount of time, or in some cases even the least amount of work?
Yet so many still would rather sit around and bitch about the rich getting richer, but the fact is most of them sacrificed and risked far more than you or I ever will to get there. On top of that, the synergistic effect of their efforts have grown our economy exponentially, regardless of how wealthy it's also getting them in the process.
How come no one bitches about celebrities or sports stars making millions upon millions? How many jobs do they create vs CEO's/entrepreneurs? More than anyone they're ensuring the perpetuation of an already flawed system because they're all about making people "feel good".
On the other, what system still provides anyone with a good idea and initiative the chance to become wealthy in the least amount of time, or in some cases even the least amount of work?
Yet so many still would rather sit around and bitch about the rich getting richer, but the fact is most of them sacrificed and risked far more than you or I ever will to get there. On top of that, the synergistic effect of their efforts have grown our economy exponentially, regardless of how wealthy it's also getting them in the process.
How come no one bitches about celebrities or sports stars making millions upon millions? How many jobs do they create vs CEO's/entrepreneurs? More than anyone they're ensuring the perpetuation of an already flawed system because they're all about making people "feel good".
and lemme guess, good plutocrats=democrats, bad plutocrats=republicans
I would expect nothing less from moyers
acting in a movie, throwing a ball around, singing and comedy=okay to be a millionaire
owning a business, making investments, developing products=omg you are a racist you didn't build that gimmie your money!!!
Why don't you just watch the video?
I think the conclusion is that every plutocrat thinks that they're one of the "good" ones.
redsamurai
Banned
java go back and read the previous post, i'm not exactly treating govt like my "personal jesus". The point of my post though was to enlighten you on your spurrious conclusion that crony capitalism is a function of the govt. How do you not get how this works yet? The market lobby's the govt, not the other way around java....i mean c'mon. Crony capitalism is a contruct of our privateers who have discovered that because we print the worlds reserve they can throw untold sums of cash at washington to secure their positions in their respective markets. "OF COURSE" there has to be receptor sites on the govt side for this cash to find.....but just saying, don't act like the govt is corrupting the virginal free market. I think you find unfettered capitalism to be your personal jesus even though you don't actually understand that unfettered capitalism is the "complete" absence of any regulatory collective body whatsoever.
redsamurai
Banned
Oh never, just like ciggarette companies never tried to market to children either....what a spurious accusation, who does this redsamurai guy think he is?
redsamurai
Banned
so the bottom line here is do we need govt to intervene in the excess's of corruption we see in the market or do we handle business ourselves French Revolution style? It's one or the other. If dictating to the free market angels that they shouldn't lie, steal and cheat is not ok for the govt to do...then we have to do it ourselves. I wonder if the boys on wall street would rather have the govt slap them with a fine when they're up to good.....or a good ole rope party come for em....hmmmm?? If we're gonna be laisez faire we're gonna do it right old west style.
javaguru
Banned
Oh never, just like ciggarette companies never tried to market to children either....what a spurious accusation, who does this redsamurai guy think he is?
Joe Camel?
Your friends have far more impact in your formative years than marketing campaigns. Cigarette usage was already well in decline before the government banned Joe Camel. I grew up in the era of Joe Camel and the Marlboro Man; I'm insulted anyone would imply I was too stupid to understand smoking is harmful and would sacrifice my health based on a marketing campaign.
The Galbraith thesis that marketing controls society is patently false; I'd be drinking New Coke and voting for Barry if that were true.
javaguru
Banned
The federal government and its pseudo institutions are the source of the corruption....Fannie, Freddie, Federal Reserve.
So I should "trust" government to look out for me? That's like claiming the mafia has my best interest at heart.
THE source of THE corruption? Without those three institutions, the financial services sector would be as pure as the driven snow?
redsamurai
Banned
not our current govt no, we didn't "really" elect them. It's a broadway act of two choices that has been paraded infront of us.
redsamurai
Banned
ok but nrg Snipes dodges some taxes and they hunt him down with a rope party, the guys on wall street not only dodge taxes for a living they had a hand in writing in their loopholes. I'll bet alot of the top athletes pay close to what Romney does in taxes but they're not worth as much as he is. But Romneys a big job creator i get it.....the chinese are very appreciative of his efforts in this matter.
redsamurai
Banned
java is officially in la la land. It is a deliberate and willfull ignorance of reality at this point. Even pre 08 i would be shaking my head in disbeleif but post 08 it's completely unacceptable to hold this concept in your mind if you want to call yourself a rational and reasoning human being. My god every otehr week we're given evidence to contrary. The size and scope of the corruption of our financial institutions, let me very clear about this....is "UNPRECEDENTED" in the written history of our civilization. Never in our history have a few institutions been able to touch the entire globe so thoroughly with their abject malfeasance. And make no mistake they are PROUD of that fact. They wake up with boners in the morning knowing they can get on their computer at home in the morning before work and type a few things.....and people somewhere around the globe will get pound fucked. And all of it without consequence. This is not acceptable. This is not what ANY of the founders of capitalism envisioned, at least I hope.
so do you fault apple or microsoft for employing chineese? you see a lot of ipods getting made in america?
or xboxs?
no you don't, because they have never been here...
redsamurai
Banned
as an empire sure, but that doesn't mean we have to crumble into 3rd world obscurity where 99% of the population is dirt poor but we have a collection of some of the worlds richest new age robber barons.
javaguru
Banned
Fractional reserve banking is a creation of the government, it would be illegal under strict common law... just sayin.' Wall Street bail outs and preferences are GOVERNMENT policy. Corporations are GOVERMENT creations; The housing collapse was driven by the Federal Reserve policies combined with the other pseudo government agencies of Fannie and Freddie.
javaguru
Banned
If we had eliminated Fannie, Freddie, and the Fed there wouldn't have been a housing crisis. The proper pricing of money is critical to a functioning economy and government sponsored clearing houses willing to buy any piece of shit drove the bubble.
There will always be bad actors but government regulation creates a false sense of security. Bernie had the whistle blown on his Ponzi scheme half a dozen times and every time the SEC said he was a good bro.
redsamurai
Banned
is fractional reserve banking the result of our govt or the Federal reserve which basically tells the govt to suck it whenever some folks, like for instance Ron Paul, want to hold them to some level of accountability. The Fed listens more to the private sector than it does the actual govt. The president picks the chairman but after that they are an autonomous entity unaccountable to the voting public. You did know this right Java? I mean this is one of RP's biggest peeves.
Are you saying that the private sector had zero hand in the housing collapse? So these virginal angels wouldn't be currently trying to desperately get back into subprime mortgages then right? Cause we know the govt is trying to regulate them from doing just that, they wouldn't be lobbying like dogs to have those regulations undone so they could back into subprimes then right java?
http://www.nytimes.com/2012/04/11/b...tive-subprime-market.html?pagewanted=all&_r=0
javaguru
Banned
I did my law school thesis in banking law, specifically on the S&L crisis, so I have a basic understanding of the banking system.
The federal reserve was created by the federal government and the federal reserve banks are a minority of commercial banks; Your life is run by unaccountable and unelected bureaucrats; It has been since FDR.
Wall Street, like everyone, responds to incentives and the government always bails out wall street which creates the moral hazard where profits are privatized and losses are born by the public. I don't blame the crackhead for being a crackhead, I blame the people that enable the crackhead to continue to be a crackhead. One of my favorite scenes from "Hell on Wheels" is when Durant berates his engineer for building the railroad in a straight line when the government is paying him per mile.
I find it ironic that Barry used the transcontinental railroad as the model for public private partnership, the first example of crony capitalism; Durant was also the first example of using the corporation to limit his personal liability.
For the record, The Great Northern was a 100% privately funded railroad, many believe it inspired Ayn Rand's "Atlas Shrugged," and was the fastest rail route to the west coast.
The federal reserve was created by the federal government and the federal reserve banks are a minority of commercial banks; Your life is run by unaccountable and unelected bureaucrats; It has been since FDR.
Wall Street, like everyone, responds to incentives and the government always bails out wall street which creates the moral hazard where profits are privatized and losses are born by the public. I don't blame the crackhead for being a crackhead, I blame the people that enable the crackhead to continue to be a crackhead. One of my favorite scenes from "Hell on Wheels" is when Durant berates his engineer for building the railroad in a straight line when the government is paying him per mile.
I find it ironic that Barry used the transcontinental railroad as the model for public private partnership, the first example of crony capitalism; Durant was also the first example of using the corporation to limit his personal liability.
For the record, The Great Northern was a 100% privately funded railroad, many believe it inspired Ayn Rand's "Atlas Shrugged," and was the fastest rail route to the west coast.
redsamurai
Banned
so basically the govt offered what would seem a perfectly reasonable basis for payment...miles of track laid, and this guy berates his engineer for not taking advantage of that buy gyrating the path of track and/or laying out on land that wasn't necessary just to make extra cash. And this unethical business practice was purely the fault of the govt? Are you claiming entrapment java? In this case at least you can definitely make the claim that some naive dipshit in the govts payout dept didn't realize he was setting up his employer to take a bath....or maybe he did cause he got PAID OFF by the private sector. Either way your example bolstered my argument.
javaguru
Banned
You're missing the source of the problem. The government has no profit motive and no pricing mechanism because they can steal as much as they want. If you read some history of the era Senators demanded their home town and their cronies towns be linked to the railroad to enrich themselves. Senators and representatives bought land and enriched themselves based on their inside knowledge of the rail line. If you're a psychopath, where do you go, private industry where you are heavily controlled or government where you can break the laws at will?
redsamurai
Banned
actually if you're a psychopath you go the prviate sector java...that's been concluded.
Psychopaths on Wall Street - Ronald Schouten, MD, JD - Harvard Business Review
One in 25 business leaders may be a psychopath, study finds | Science | guardian.co.uk
The Shocking Statistic About Psychopaths On Wall Street - Business Insider
http://www.nytimes.com/2012/05/13/opinion/sunday/fables-of-wealth.html?_r=0
Psychopaths on Wall Street - Ronald Schouten, MD, JD - Harvard Business Review
One in 25 business leaders may be a psychopath, study finds | Science | guardian.co.uk
The Shocking Statistic About Psychopaths On Wall Street - Business Insider
http://www.nytimes.com/2012/05/13/opinion/sunday/fables-of-wealth.html?_r=0
redsamurai
Banned
and we had one of those guys right here at EF..he ain't been around for awhile but you can guess.
redsamurai
Banned
waddya wanna know about the revolving door? i know all about it. You still seem to think that govt is my "personal jesus"...it isn't, even if it weren't rife with corruption I would put it where it belongs as well as put the free market where "it" belongs. There's places where capitalism and the profit motive have no business and there's places where govt has zero business except insuring the punishment of unethical business practices.
javaguru
Banned
Define "unethical" and where does the free market have no business?
I don't have health insurance, I'm very healthy but I pay out of pocket every year to see my doctor, I get a 50% discount because I pay cash.
redsamurai
Banned
Ethics in business is continually evolving because business is evolving, so there is no consummate definition. The easy ones are like the Enron or Libor scandals...or the Madoff scams. Under a completely free market those kinds of Ponzi schemes would run rampant and people would skip off to Bermuda with a coupl mill. Couldn't touch em. There's plenty of grey area for sure....are server farms making millions of transactions a second "ethical"? I dunno the answer to that because people still don't know the full ramifications of these technological changes. What i do know is the market "will not" police itself in these areas. Capitalists always propose this inherent "self correction" within the market, but that is solely dependant on consumers making rational choices within the market. When you have these new financial tools being employed into an already obscure system that even the best economists in teh world can't fully understand, the rational choice of consumers is taken away because no one can understand fully what they're consuming. In a less complicated case, some of Madoffs clients were incredibly intelligent people and actually in economics/finance. They had no idea what he was doing because they can't fully investigate something like that. You basically find out you're being duped once it's too late.
javaguru
Banned
The Madoff Ponzi scheme continued for decades because he was blessed by the SEC as a legitimate government controlled entity. I invest in S&P 500 mutual funds, a private entity, because I'm not an expert nor do I know anyone I can trust to beat the market based on the fact they have an inside track to Washington. Research the money made by the last three presidents after they left office, it's a racket.
redsamurai
Banned
amywhere where the profit motive can collapse or severely damage a cohesive society. It didnt' use to be this way but food is quickly becoming an area where collectivist cultivation of will become a necessity. Our current food chain is irreperable, it serves merely to infect us. It offers no nutrition because the food companies have squeezed their margins so hard over the last several decades that they can literally grow "something" and call it food. Because people by and large no "nothing" about nutition they see some carbs and protein on teh package and think hey, that's all we need right? Carbs and protein are utterly positively useless without the micronutrients to assimilate them. It's the micronutrients that tell the body what to do with the macro nutrients. Without micronutrients you're just ingesting "matter". Your body will process this matter, at an energy cost to you, but return to you virtually nothing. If the meat industry didn't inject beef with vitamins and minerals, a massively inefficient way to deliver those nutrients, eating meat would be less than a zero sum gain. You would literally expend more energy digesting meat than you got back out of it.
javaguru
Banned
How so? I can purchase grass fed and finished round steak from Eight O'Clock Ranch for $3.95 a pound which is cheaper than government subsidized feed lot beef, my grass fed beef is cheaper because when the government subsidizes something it only makes it more expensive.
redsamurai
Banned
Well first i just looked at that place and the prices are no different than regular beef from what I can tell...$3.95 is for top round which is basically bordering on dog food quality. I'm not holding anything against that business though i don't know them, they could be completely full of shit or completely truthful about how they raise their animals. It's "very" hard if not impossible for any regulatory agency to monitor every food manufacturer. It would be immensely cost prohibitive too.
But business's like that are going to be the future of the meat industry but it will be confined to local distribution.
javaguru
Banned
I was raised on grass fed beef, free range chicken...I helped hang them from the clothesline before they were slaughtered, and pork that rooted for its food with some supplemental crab apples; We did finish our cattle with grain for the marbling but it was the last 4-6 weeks before slaughter. Grass raised beef cooks and tastes differently than feed lot beef; Eight O'Clock Ranch raises grass fed beef based on how it cooks and tastes.
If we didn't have sides of beef hanging from the barn rafters waiting to go to the processor we had a deer or two.
As far as your comment on top round, it isn't a choice cut, it's a bodybuilder cut because it's low in fat; Calling it "dogfood" is off base.
redsamurai
Banned
sure about that? I ain't eaten meat in some time but i remember the cuts....topround was shoe leather if i'm remembering my cuts right.
javaguru
Banned
That's because it needs to be cooked low and slow to break up the connective tissue; It isn't marbled with fat.
redsamurai
Banned
I can see where your arguments come from, you toe their line brilliantly java. He too is making the claim that all the greed and corruption on wallstreet was strictly incented by the govt. Completely glazing over the undeniable fact that they send lobbyists to lobby for a bill or regulation that allows them to do something.
Here's the flaw in the argument java...so they're saying that without a govt "incent" none of this stuff would happen? So if we completely deregulated wall street some invisible hand would regulate all these guys? It's an argument completely unbased in reality.
Here's the flaw in the argument java...so they're saying that without a govt "incent" none of this stuff would happen? So if we completely deregulated wall street some invisible hand would regulate all these guys? It's an argument completely unbased in reality.
javaguru
Banned
Why do they send lobbyists to Washington D.C.?
It's interesting the only people facing criminal indictment for the housing crisis are the former CEO's of Fannie and Freddie; The pseudo government clearing house that would buy anything. If you don't have a market for steaming turd mortgages then you won't write them.
redsamurai
Banned
javaguru
Banned
Not really, anyone that couldn't get a decent return on treasuries thanks to the fed pushing down interest rates also invested, like public pension funds.
To promote private special interests.
redsamurai
Banned
no i think this have been verified long ago that the chinese were duped into mopping up those high risk mortgages. That's why subprime was so attractive because you could package it up and sell it off and no one could unravel where all the toxic debt was. There's probably still a ton of turds floating around out there that still haven't dropped yet.
javaguru
Banned
No bro, it's all about "public private partnerships."
You can't complain about the Republican jobs programs in the military industrial complex while embracing the Democrat domestic jobs programs in green energy and education.
The Department of Education finally released a study in 2010 that found head start had no impact on educational outcomes for poor children after 1st grade, the Bush admin kept it from being released.
There is no difference between the parties, they want to privatize profits and have the taxpayer pay for it.
javaguru
Banned
Politicians are always going to fuck you because they're parasites that design the system to benefit themselves. However, when it comes to quality of life, don't look at wages but look at what those wages will provide you. In 1970 you could purchase an AM transistor radio for $300.00 or you could purchase an ipod today for how much?
redsamurai
Banned
yeah....yeah i think i can complain about a jobs program focused on designing newer and newer methods of killing folks when no one in the world can handle our methods from the 70's and 80's. Funds like the NSF are absolutely vital to our future competitiveness. The private sector just doesn't have enough juice to go around. Funds like the NSF get startups going to get to a point where they have something to show a major private investor. Without it we fall behind countries like China that are PUMPING out innovation.
In 1970 you could buy an okay component stereo system for $300, and a Volkswagen Beetle for $1995. An entry level car today can be had for, what, $13000? Are wages up today by a similar factor (6.52 X)?
Supply and demand differ for stereos compared to cars
What about cars vs. wages?
The stereo was just to point out that his $300 AM radio was a bogus example, $300 in 1970 would buy you a lot more than that.
What can you live without, your car or your stereo? Thats the point.
When someone turns 16 they dont dream of having their own stereo.
That sort of demand and the increasingly mobile society, and inflation, drives the price of autos higher over time.
They sure did in 1970.
Its not 1970 anymore, societal requirements evolve, which drive prices up in some areas and down in others. At one time horses were in much higher demand.
You're still missing my point. The stereo is irrelevant, apart from me using it to try to point out that Java's $300 AM radio example was bogus.
javaguru
Banned
I was using a real dollars example (adjusted for hyperinflation), are you?
You can't use cars as an example because the government drives costs via mandates, it's a government controlled industry. How much did you pay for a high end PC in 1990 Vs. 2012 (in real dollars) while comparing them for productivity and computing power?
Were we supposed to know that? Did I miss the footnote?
javaguru
Banned
My first DVD player cost me almost $400.00 in the early 2000's, I bought one for $50.00 a couple years ago. How much was a cell phone in 1995? Don't get me started on how much a Pentium 133mhz system cost me in 1996 as opposed to the Dell I bought last year. How much was dial up AOL in 1998 Vs. current high speed?
redsamurai
Banned
sorry i didn't see this post till today....and the answer is yes. They used near slave slabor at Foxconn. And the actual build quality of alot of apple and microsoft products has always been iffy. I think they absolutely could have made those products here. That could have been a major step for us, evolving our manufacturing into high tech fabrication. In the end it's what's going to happen anyway, the days of us making stupid .99c bullshit they sell at drugstore discount bins is long over, as well it should be. High tech manufacturing needs to get started here.
redsamurai
Banned
redsamurai
Banned
Land is going barren in the country, we need layers of fertilizer to grow food now and will shortly need GMO's to grow anything out of the ground even though it will be almost wholly devoid of micronutrients. So alot of land in this country needed to be put to rest decades ago. Can't happen in a capitalist structure though where farms are competing. How is that farmer supposed to make a living and maximize his profits if he has to rest a portion if not all of his land. Farmers "used" to intrinsically understand this. But the chem companies have approached them and told them you don't need to rest dick, just use our seed or our fertilizer and you could grow corn at the N. Pole if you so desired. And when land starts to go bad it doesn't come back within a few years java, it's done for possibly centuries. The Romans experienced this and that land they overfarmed didn't come back for hundreds of years. Not many people know this but this topic was Darwins passion at the end of his life. A capitalist structure will force land to compete against other land. But overpopulation will also lead to the same end result.
This has less to do with economics and more to do with Moore's Law.
ismaele00
New member
You would think all those anti-trust/monopoly laws would have kicked in here at some point
Thanks for the link, now I'll have to watch the whole series of Sandel's lectures.
redsamurai
Banned
yeah i've worked on 3 different organic farms. When i was in In the farmer took me to his fields next door that he bought from his neighbor that went under, the fields had been run nonstop for a long time. We took a couple shovel fulls out and he showed me the difference between that soil and his. He did this cause i asked what the big deal about GMO's were, why were they necessary. Well....when you're growing out of that kind of shitty soil that's what you need.
i'm hoping to sell my condo in 2 years or less and move out of the city to get a small plot with good soil.
Killer paid/unpaid sharecropper internship?
sorry rob, had to in plunkeys honor hahah
javaguru
Banned
The two are connected; Industries with the least government regulation and intervention decrease costs while those with the most government intervention increase in cost as technology advances.
One thing I've noticed from all the lectures from the Mises group is that everyone seems to be in love with the 19th Century.
And that's where laissez faire policy will lead us, back to a time when work conditions were appalling and the average family lived in squalor.
And that's where laissez faire policy will lead us, back to a time when work conditions were appalling and the average family lived in squalor.
redsamurai
Banned
dude of course you're gonna decrease costs when there's no rules. Corporations are like children they will do absolutely whatever they can get away with, this is historically proven. Dump mercury into the great lakes? Hey why not big cost saver..dilution is the solution!! Do we really want to run a society like that? I hate to say this cause of what it says' about my species but the fact is private industry is overwhelmingly underregulated, only because they just can't do things right. Companies are constantly being caught breaking the few rules on them as it is, and that's just the tip of the iceberg on what they're doing. The govt simply can't referee every activity of every company in the country..it's impossible. ONly time these guys get caught really doing something is from a whistleblower.
javaguru
Banned
So Facebook,Apple,Microsoft,and Intel have been decreasing prosperity and quality of life in the United States? I wouldn't have a job but for unregulated capitalists like Steve Jobs and Bill Gates.
Government regulated industries have been losing jobs for decades.
Why do you constantly ask questions when you NEVER acknowledge legitamate answers
javaguru
Banned
I'm just asking how relatively free markets are making your life worse? You can't blame Wall Street, they're the most regulated industry in America.
How are they making your life better?
Oh BTW, glass-stegal is one example.
Oh BTW, glass-stegal is one example.
javaguru
Banned
Bill Clinton signed the repeal of portions of Glass-Stegal. He is also responsible for the deaths of 1 million Iraqi's under his watch, 500k were children.
I have a job because of Bill and Steve.....I make software for a living.
Roads ruining my vehdicles, teachers being fired, cops being fired, firemen being fired, neighborhoods getting trashed with foreclosed homes, ect etc......
Pøstêd with ā Ñëxūs 7
Similar threads
