EyeBRollin
Master Don Juan
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Bad idea. That ideal world would have a terrible economy.In an ideal world, yes. But I know that’s not reality due to greed.
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Bad idea. That ideal world would have a terrible economy.In an ideal world, yes. But I know that’s not reality due to greed.
With one caveat: the debtors have to actually receive enough of a share of the inflation. If the flow of money only gets sucked up by creditors then the inflation just keeps making them richer, this is the logic behind the QE bailouts for bankers and financial holders. If there is virtually no economic democracy with a population that lives like economic serfs, then the economy favors creditors no matter what.Inflation favours debtors, deflation favours creditors and this happens both in micro and macro economy.
Promoting speculation as society's way of saving for social necessities is bad in general (it raises the cost of survival for businesses because they both have to pay more themselves and pay people more to stay alive, and this both reduces the money they can spend on other parts of their budget, reduces their income since other people have less spending power now too, and undercuts them if trade is allowed from economies that aren't based on speculation) and unsustainable over a long enough time scale.In my opinion a certain degree of inflation is necessary especially when its old retired people who owns their own house and have access to healthcare to be the main holder of liquidity.
Inflation is only ‘preferred’ in the sense that it’s a side effect of pumping more money into the system. But if the economy is doing well, you’d want deflation. And if all of the money being pumped into the system goes into stocks, etc. then that simply means all the money the government is putting into the system goes to the rich (corporate owners), while everything else slowly gets more expensive for the rest of us. You’re being scammed. But if you want to be a slave, by all means, go ahead and support your own enslavement. It’s no wonder why you’re politically blue. Abolish the Gettysburg Address too while you’re at it, too, I think they’d really appreciate that.Inflation is preferred to its alternative (deflation). It’s hedged in asset holdings (stocks, real estate) which all of us should own. Why do you fear it so much?
Which is exactly what’s been happening for the last 100 or so years (in the US). Inflation always favors the rich, never the poor. I’d imagine inflation would be good in a socialist/communist economy since money is all equal, but that type of setup is trash to begin with. @Mike32ct said it best that the problems with the world right now are mostly due to human greed. Capitalism would work if people weren’t so greedy bc then we’d have true mercantilism.With one caveat: the debtors have to actually receive enough of a share of the inflation. If the flow of money only gets sucked up by creditors then the inflation just keeps making them richer, this is the logic behind the QE bailouts for bankers and financial holders. If there is virtually no economic democracy with a population that lives like economic serfs, then the economy favors creditors no matter what.
Or if any government could regulate capitalism without becoming corrupt. The problem is that the capitalists buy the politicians and we devolve into an oligarchy/sham democracy.Capitalism would work if people weren’t so greedy
You summed it all up correctly right here. Capitalism does not work because of greed. Unfortunately, human greed is the rule - not the exception. Capitalism by (human) nature is a system doomed to failure.@Mike32ct said it best that the problems with the world right now are mostly due to human greed. Capitalism would work if people weren’t so greedy bc then we’d have true mercantilism.
And that’s why there needs to be certain limits imposed. Those capitalists wouldn’t have enough money to bribe the politicians by if they weren’t so greedy lol. If those people didn’t have billions to their name, they wouldn’t be able to bribe to begin with. And the thing is, they got that much money because of greed and monopoly.Or if any government could regulate capitalism without becoming corrupt. The problem is that the capitalists buy the politicians and we devolve into an oligarchy/sham democracy.
So then what do you propose? Socialism/communism doesn’t work because then there would be no more incentive to become doctors or engineers or biochemists, etc. since a janitor and a doctor live exactly the same even though the doctor works harder and does more. People making $500,000 a year aren’t the problem here. It’s those that make millions upon millions a year and work for huge investment firms and massive conglomerates like Walmart and McDonald’s and Monsanto that are the problem.You summed it all up correctly right here. Capitalism does not work because of greed. Unfortunately, human greed is the rule - not the exception. Capitalism by (human) nature is a system doomed to failure.
What's socialism to you, and how have you learned about it?So then what do you propose? Socialism/communism doesn’t work because then there would be no more incentive to become doctors or engineers or biochemists, etc. since a janitor and a doctor live exactly the same even though the doctor works harder and does more
This quote is flames. Bravo, sir.I'll believe corporations are people when Texas executes one.
That's a good quote and I endorse it. Even though I support Citizens United in that case. I see the quote and the case as two different issues altogether in fact.This is a big problem, too:
Citizens United v. FEC - Wikipedia
en.wikipedia.org
I'll believe corporations are people when Texas executes one.
Corporations, and ever more powerful corporations, are the natural tendency of capitalism - and of human behavior more generally. There is a capitalist myth that it's based on competition, with little artisans competing in some market fair to sell products that they produced and took there from beginning to end by themselves, and they can only make money in some utilitarian exchange where both parties think it's a good deal. In reality, cooperation is so much more efficient than competition that states have to create laws to prevent people from cooperating, like antitrust laws and laws that say investment banks and commercial banks have to be "separate". And it's not necessary for both parties to think it's a good deal in order for transfers of money to take place, just ask victims of conquest, robbery, fraud, racketeering, and so on.This is a big problem, too:
Citizens United v. FEC - Wikipedia
en.wikipedia.org
I'll believe corporations are people when Texas executes one.
Much higher taxes to the point you hardly earn a whole lot, but also the majority of goods and services are free (up to a certain point anyway), or at the very least reduced a lot.What's socialism to you, and how have you learned about it?
Where/how did you get that definition?Much higher taxes to the point you hardly earn a whole lot, but also the majority of goods and services are free (up to a certain point anyway), or at the very least reduced a lot.
U.S. corporate propaganda (media).Where/how did you get that definition?