CRISES OF CAPITALISM
Crises of Capitalism
Started by
diogenes227
, Jul 23 2011 01:59 PM
4 replies to this topic
#1
diogenes227
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Posted 23 July 2011 - 01:59 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#2
Rogerdodger
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Posted 23 July 2011 - 02:40 PM
A new social order...based on Marx?
That's so 1920's.
It's funny how East Berlin and Detroit in ruins were all results of collectivism.
It doesn't ever seem to work.
Even the original colonists settlers almost died from starvation caused by their "commonwealth."
When they introduced personal property rights and assigned plots of land where each could reap the benefits of their personal efforts, there was surplus.
But academics always dismiss those results and sing "Kumbayah" while they cling tenaciously to their own personal possessions, never living the life they try to impose on the rest of us.
Imagine all the people...living all as one
(I notice no poor people were living in John Lennon's video mansion, "living all as one.")
That's so 1920's.
It's funny how East Berlin and Detroit in ruins were all results of collectivism.
It doesn't ever seem to work.
Even the original colonists settlers almost died from starvation caused by their "commonwealth."
When they introduced personal property rights and assigned plots of land where each could reap the benefits of their personal efforts, there was surplus.
But academics always dismiss those results and sing "Kumbayah" while they cling tenaciously to their own personal possessions, never living the life they try to impose on the rest of us.
Imagine all the people...living all as one
(I notice no poor people were living in John Lennon's video mansion, "living all as one.")
Edited by Rogerdodger, 24 July 2011 - 12:42 AM.
"Nature's Failure to Function in a 'Predictable Way'... 500 years ago?"
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
BIGGEST SCIENCE SCANDAL EVER...Official records systematically 'adjusted'.
#3
Mike McCarthy
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Posted 23 July 2011 - 09:30 PM
Money does not reflect value. The currency is wrong. Most of what people do is not priced well, if at all.
New currencies are coming....social, electronic, affinity.....who knows.
#4
voltaire
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Posted 24 July 2011 - 01:36 AM
Interesting and thoughtful!
I have been arguing that workers are underpaid for their work and yes slavery made plantation owners rich, but ultimately if you have no consumers with money to spend, the economy dies.
If 1% of the people have 99% of the wealth, it doesn't work and its not an argument about robbing the rich to pay the poor, its just simple logic about a healthy economy.
Big business is supposedly sitting on loads of cash and making record profits BUt won't hire. They won't hire because there is no chance of increased consumers who are broke, so they play money manipulation games instead.
#5
CHAx
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Posted 24 July 2011 - 10:37 PM
"We had too much Hayek, so we need to get back to Keynes..."
-- Uh huh, right 
The producer of this video is not convincing to me because he does not establish "common ground" to which he can build an argument that is coherent and factual. I disagree with his premise, his explanation of historical events, and I disagree that his solutions have not already been attempted and failed in recent memory -- statist solutions to market problems (of imperfect information).
The producer of this video is not convincing to me because he does not establish "common ground" to which he can build an argument that is coherent and factual. I disagree with his premise, his explanation of historical events, and I disagree that his solutions have not already been attempted and failed in recent memory -- statist solutions to market problems (of imperfect information).
Edited by CHAx, 24 July 2011 - 10:42 PM.
