Capitalism: The Holy Grail of Economics

[EdwardBaiamonte]

dear; is capitalism useless to you? .

no it was very useful to China in ending 40% of the entire planet's poverty. Next?????

 

[EdwardBaiamonte]

. ending the capital gains distinction is a market based metric, recognizable, even to the Right.

dear stupid and liberal, ending or increasing cap gains distinction will cause the market to function in different ways.

For example, if you reduce cap gains tax then venture capitalists have more money with which to fund new ventures like Google Apple Amazon etc etc and thus create millions of new jobs.

Do you understand?

 

[danielpalos]

dear; is capitalism useless to you? .

no it was very useful to China in ending 40% of the entire planet's poverty. Next?????

just bad social management; the left now knows to merely Use capitalism for all of its worth.

 

[EdwardBaiamonte]

just bad social management;.

yes, bad management slowly starved 120 million to death in last century and yet this total perfect idiot liberal wants more Caesars Attilas Hitlers Stalins and Mao's who will fulfill the true promise of these bad managers!!

Let's all sign up for some more deadly liberalism right away!!

 

[danielpalos]

just bad social management;.

yes, bad management slowly starved 120 million to death in last century and yet this total perfect idiot liberal wants more Caesars Attilas Hitlers Stalins and Mao's who will fulfill the true promise of these bad managers!!

Let's all sign up for some more deadly liberalism right away!!

dear; that was last millennium; now, the right complains about the best socialism in the World, paying for steak and lobster for the least wealthy--and, dear, the Right proves it Every day merely by complaining about it.

 

[EdwardBaiamonte]

; now, the right complains about the best socialism.

why not have your mother translate into good English since you are a retarded liberal just learning the language?

 

[Uncensored2008]

i believe a work requirement is unlawful in any at-will employment State. Only the Right prefers wage slavery.

You and edward should get married, you are the perfect couple.

The ignorace you alone spew could displace the Atlantic ocean.

So define for us "wage slavery," if you would.

 

[danielpalos]

; now, the right complains about the best socialism.

why not have your mother translate into good English since you are a retarded liberal just learning the language?

dear, it means the Right should stop whining about the Best form of Socialism in the World.

 

[danielpalos]

i believe a work requirement is unlawful in any at-will employment State. Only the Right prefers wage slavery.

You and edward should get married, you are the perfect couple.

The ignorace you alone spew could displace the Atlantic ocean.

So define for us "wage slavery," if you would.

the Right's, work like a slave if necessary or die "work ethic".

 

[EdwardBaiamonte]

So define for us "wage slavery," if you would.

You're asking a retarded liberal who speaks English as a 3rd language. Where could it possibly lead?? Why not make an intelligent statement for or against capitalism?

 

[Uncensored2008]

the Right's, work like a slave if necessary or die "work ethic".

So you have no answer, as expected.

In this nation, no person is compelled to work at a job. The concept of "wage slavery" is a Victorian English one, the idea that those who left work house jobs would literally starve to death as they were black listed and barred any other employment.

Such feudal concepts have no place in American economics, nor ever had. You were ignorantly bandying about terms that you have utterly no grasp of, as is your habit.

I do find it curious that you demand to debate topics that you have literally zero understanding of. Clearly you have not had so much as an introductory course in high school economics, yet here you are making absurd claims that you have no chance of supporting.

 

[Uncensored2008]

You're asking a retarded liberal who speaks English as a 3rd language. Where could it possibly lead?? Why not make an intelligent statement for or against capitalism?

Liberty is predicated on the foundation of the right of men to trade value for value, unencumbered. (Murray Rothbard)

Still you continue to foolishly claim that the state managed economy of China is "capitalist," so you lack the foundation to grasp what is, and is not a market system.

 

[EdwardBaiamonte]

the Right's, work like a slave if necessary or die "work ethic".

the rights idea is capitalism wherein jobs must be the best possible in the world if the employer is to survive.

Socialism has no such regulations.

 

[EdwardBaiamonte]

the state managed economy of China is "capitalist,".

here are the best 3 books to get your education started:


"Capitalism With Chinese Characteristics"


"How China Became Capitalist"

In his new book titled Markets over Mao: The rise of private businesses in China

 

[Uncensored2008]

the rights idea is capitalism wherein jobs must be the best possible in the world if the employer is to survive.

Socialism has no such regulations.

Time, talent, and intellect are commodities to be traded, like any other. In a free society, there must be a free market where men may trade the product of their time, or the product of their mind, to others who value said product and will exchange that which the other values.

Value for value among free men, absent coercion is the definition of capitalism, the definition of liberty, and the definition of good will.

 

[danielpalos]

the Right's, work like a slave if necessary or die "work ethic".

So you have no answer, as expected.

In this nation, no person is compelled to work at a job. The concept of "wage slavery" is a Victorian English one, the idea that those who left work house jobs would literally starve to death as they were black listed and barred any other employment.

Such feudal concepts have no place in American economics, nor ever had. You were ignorantly bandying about terms that you have utterly no grasp of, as is your habit.

I do find it curious that you demand to debate topics that you have literally zero understanding of. Clearly you have not had so much as an introductory course in high school economics, yet here you are making absurd claims that you have no chance of supporting.

It is the Right's preferred moral solution when they quote a Bible out of context and out of sufficient moral of goodwill toward men.

we are no longer in Iron Age times; now, socialism may even bailout the least wealthy as well in the name of social equality whenever capital equality may be lacking.

 

[Indeependent]

i believe a work requirement is unlawful in any at-will employment State. Only the Right prefers wage slavery.

You and edward should get married, you are the perfect couple.

The ignorace you alone spew could displace the Atlantic ocean.

So define for us "wage slavery," if you would.

the Right's, work like a slave if necessary or die "work ethic".

China is Capitalist for the elites who live in Shanghi.
Chinese citizens who opt to become business owners lose the right to vote for life.
If they botch something up, they get the death penalty.
If their business fails, they receive no soclal aid and starve to death.
Ain't Chinese "Capitalism" great?

 

[danielpalos]

the Right's, work like a slave if necessary or die "work ethic".

the rights idea is capitalism wherein jobs must be the best possible in the world if the employer is to survive.

Socialism has no such regulations.

yes, it does, but for social reasons the capital right cannot understand.

 

[EdwardBaiamonte]

Ain't Chinese "Capitalism" great?

yes instantly eliminating 40% of the planet's poverty is a great great miracle!!!

China accounts for 100% of the reduction in the number of the world's people living in poverty


In 2010 Professor Danny Quah, of the London School of Economics, noted: 'In the last 3 decades, China alone has lifted more people out of extreme poverty than the rest of the world combined. Indeed, China’s ($1/day) poverty reduction of 627 million from 1981 to 2005 exceeds the total global economy’s decline in its extremely poor from 1.9 billion to 1.4 billion over the same period.

 

[Uncensored2008]

here are the best 3 books to get your education started:


"Capitalism With Chinese Characteristics"


"How China Became Capitalist"

In his new book titled Markets over Mao: The rise of private businesses in China

People may make all sorts of ignorant claims. They can even write them into books. It does not make said claims factual.

Certain aspects of the Chinese economy have some elements of capitalism, but is a far cry from Capitalist.

Criticism of Nicholas Lardy's (of the radical left Brookings Institute) include this;

{
I disagree with Lardy's thesis, and data.
Official data show (1) The state sector is outperforming the private sector by big margins, (2) state budget accounted for 12 percent of GDP 15 years ago, but it is 23 percent today. My research shows, due to discrimination, economies of scale and economies of scope, the state sector is doing much better than the private sector.

His definition of SOEs is wrong. He clearly classified China Life, China Mobile and China PetroChina as private companies just because they are listed in the stock market. But guess who makes all important HR appointments there, and where their political allegiance lies. And equally, who is the controlling shareholder there.
Essentially, there are two issues in his comparison of returns on assets between the private and state sectors.
(1) Half of the economy is finance (banks, insurance, trust companies and stock brokers). Except Minsheng Bank, all others are state-run. But it is meaningless to compare their ROA with the ROA of another sector (industrial, hotel or catering). Finance is very highly geared. Its Return on Equity is what counts: 20%. Very high by global standards and China standards.
(2) Tens of thousands of private sector companies voluntarily shut shop or go bankrupt each year. When that happens, they exit from statistics. So, when you calculate ROE or ROAs, the dead companies automatically drop from the data. That is called "a survival bias". But SOEs do not drop as they survive long.
Liberals like to see a dominant private sector in China. But we must separate our wishes from reality. True, the state sector is corrupt and inefficient. But the private sector is worse. Moreover, the private sector has not been given a fair chance to fight in China.}

http://www.amazon.com/Markets-over-Mao-Private-Business/dp/0881326933&tag=ff0d01-20