Musburger1
2,500+ Posts
Begins at the 4:00 mark. This is a brewing situation that probably want begin to make headlines here for several months.
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The primary question here shouldn’t be whether or not socialism is a failure. The primary question should be what right does the US have to interfere with government after government and at what cost? Please focus on the primary question.Regime change is coming. Maduro is going to be gone. Socialism and it’s bastard son, tyranny, are exposed once again as a failure
Will you ever learn? Will libs?
Just out of curiosity, what socio-economic system and form of government do you prefer?The primary question here shouldn’t be whether or not socialism is a failure. The primary question should be what right does the US have to interfere with government after government and at what cost? Please focus on the primary question.
All have weaknesses. No matter what system is in place, corruption must not be allowed to threaten the integrity of the system. Rule of law must be respected and enforced without exception to power and privilege. It’s apparent to me that the US has long passed a threshold where the rule of law no longer meets that criteria.Just out of curiosity, what socio-economic system and form of government do you prefer?
The US growth following WWII is unprecedented in history.You must have some preference despite them all having weaknesses. Which do you prefer?
Social programs didn't save anything in the capitalist system. They actually retard income growth and are antithetical to capitalism.
The US growth following WWII is unprecedented in history.
Part of the expansion was due to the fact all of the world’s industrial competitors had been decimated. But much of the growth was due to public expenditure on the nation’s highway and public transportation network as well as the electrical grid, etc. This was socialism on a massive scale and it laid the framework for capitalism to do its thing in the decades which followed. The wealth inequalities that existed in the 20’s were wiped out and a great middle class the likes of which the world had never seen was created. Now, all of that has begun to reverse.
The reasons for the great success of the American economy since, say 1900 or so, is not simplistic. There are several reasons. Her are two:It doesn't surprise me that you won't answer the question, but I'll address your other falsehoods.
Capitalism didn't create the great depression. Government monetary policy did.
Socialism did not drive American production. On the contrary, the plethora of New Deal government programs proclaimed to help the American worker were of short-term benefit and ultimately became a huge drag on the economy-and remain so.
The American economy was leading the world around the turn of the 19th century and early 20th century in steel production, coal production, automobile production, petroleum refining and electricity production. It had the highest standard of living and labor productivity. That did not come from government programs. It came from ingenuity, business education/legal structure, and technological advances.
1. Rule of law. Antitrust laws when enforced leveled the playing field and created competion and allowed entrepreneurship to flourish. This is not a natural feature of capitalism. Without the enforcement of antitrust laws you wind up with monopolies and cartels; basically like we have now in healthcare, finance, and media industries. As the cartels and monopolies grow, they gain influence over government and laws are written which enable them to solidify control and become stronger. A feedback cycle developed which damages the overall economy and results in wealth inequality. We are here.
2. Natural resources. Prior to the late 60’s, the US was energy self-reliant. Since then, that has not been the case. As a result, finance and imperialism have been the primary tools used to sustain growth. The first of these, finance, is dependent on deficit spending to ensure growth. Imperialism in the form of the military and control of instruments such as the World Bank are used to maintain dollar hegemony so that debt accumulation doesn’t result in implosion.
You want me to say that capitalism is the superior economic system. At present, China’s hybrid system has outperformed our system by a wide margin over the past 20 years with respect to annual growth and percentage of people lifted out of poverty. If you look at Russia’s authoritarian capitalism, based on where they were in 1999, they have been on an upward trajectory. They have low debt and an educated work force. They’ve had to deal with sanctions and an adversarial US regime since Putin began reforms. Russia’s economy is still more correct than the US, but the trajectory is positive there while the direction has been negative here. But Russia is energy self-sufficient and that is advantageous.
Your arguments are generally so rediculous it’s pointless to continue. But nonetheless, I proceed.Rule of law yes. Antitrust laws-NO. The anti-trust laws are a sham and I can give you numerous examples. There are no healthcare, finance or media industry monopolies.
We are energy self reliant. The dollar is strong because America is strong and stable, not because of the World Bank. Finance sustains growth by raising capital. Typically this is accomplish via investors buying stocks and bonds in corporations.
The only reason China has outperformed us IS BECAUSE they started acting like capitalists, and they started from the bottom of the ladder. They have fewer government owned business than ever before. Russia just flat out sucks as indicated by their standard of living and per capita GDP, which is around 60th in the World. Sorry comrade.
I'm not sure having a few possessions like Guam and Puerto Rico qualifies us a "global empire", but whatever. If you are talking military might, I'll refer you back to the strength of the U.S. Dollar and a little thing called freedom.
Rule of law yes. Antitrust laws-NO. The anti-trust laws are a sham and I can give you numerous examples. There are no healthcare, finance or media industry monopolies.
When I mentioned a feedback loop, this is exactly what I meant. The corporation (or industry power players) basically purchase the government by bribes, contributions, etc. in order to receive the legislation/incentives which specifically benefit them. You are familiar with the revolving door policy where the same people cycle back in forth from government to industry and back to government, right? In time, you basically end up with a merger of state and industry aka fascism.It is important to define a "monopoly". A monopoly can only exist if it can keep others from competing. Monahorns is right in that they can only exist by force of government, but even that is limited from country to country.
You also spewed a ton of falsehoods such as the existence of numerous monopolies in the finance, media, and healthcare sectors. Name those monopolies for me.When I mentioned a feedback loop, this is exactly what I meant. The corporation (or industry power players) basically purchase the government by bribes, contributions, etc. in order to receive the legislation/incentives which specifically benefit them. You are familiar with the revolving door policy where the same people cycle back in forth from government to industry and back to government, right? In time, you basically end up with a merger of state and industry aka fascism.
For example, you have a government bureaucracy such as the Food and Drug Administration that can become "captured" in the sense that the studies they conduct are funded by the corporations interested in a specific outcome. The scientists can be hand-picked in order to attain desired outcomes, or funding can be withheld if it is feared their findings don't come out as expected.
The SEC (Securities and Exchange Commission) is in charge of policing the financial industry, but when the people in charge are drafted from Goldman Sachs or JP Morgan Chase (receiving huge bonuses when they leave the company) and then return back to the company after their stint at the agency, just who do you think they are representing?
I am going to have to disagree. However, the term "restricted competition" is interesting, and we would need to define that term.iatrogenic, maybe not monopolies but very restricted competition and access into the market. It exists in the industries Musberger lists.
* Predict HORNS-AGGIES *
Sat, Nov 30 • 6:30 PM on ABC