Next time you hear someone criticizing socialism...

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There seems little doubt should China or Russia take over the US position of dominance in world affairs, there would not be even a token appreciation of democracy or human rights?
All the more reason for the US to stop being the dick of the planet.
original
 
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As I said before, your post regarding the beauty of Socialism is BULLSHIT.

The economy of Singapore is a highly developed free-market economy.[15][16] Singapore's economy has been ranked as the most open in the world,[17] 7th least corrupt,[18] most pro-business,[19] with low tax rates (14.2% of Gross Domestic Product, GDP)[20] and has the third highest per-capita GDP in the world in terms of Purchasing Power Parity (PPP). APEC is headquartered in Singapore.

Economy of Singapore - Wikipedia
Your link:

"Government-linked companies play a substantial role in Singapore's economy.

"Sovereign wealth fund Temasek Holdingsholds majority stakes in several of the nation's largest companies, such as Singapore Airlines, SingTel, ST Engineering and MediaCorp.

"The Singaporean economy is a major Foreign Direct Investment (FDI) outflow financier in the world.

"Singapore has also benefited from the inward flow of FDI from global investors and institutions due to its highly attractive investment climate and a stable political environment.[21]"

Singapore's "stable political environment" comes at a human cost:
744134_525_350_w.jpg

"The government in Singapore has broad powers to limit citizens' rights and to inhibit political opposition.[1][2] In 2018, Singapore was ranked 151th out of 180 nations by Reporters Without Borders in the Worldwide Press Freedom Index."

Human rights in Singapore - Wikipedia


You get a warning over there then you lose a finger.
 
Ask them how well capitalism was doing in 1929.
View attachment 245504 View attachment 245506 View attachment 245505

To the extent that capitalism’s problems – inequality, instability (cycles/crises), etc. – stem in part from its production relationships, reforms focused exclusively on regulating or supplanting markets will not succeed in solving them. For example, Keynesian monetary policies (focused on raising or lowering the quantity of money in circulation and, correspondingly, interest rates) do not touch the employer-employee relationship, however much their variations redistribute wealth, regulate markets, or displace markets in favor of state-administered investment decisions. Likewise, Keynesian fiscal policies (raising or lowering taxes and government spending) do not address the employer-employee relationship.

Keynesian policies also never ended the cyclical instability of capitalism. The New Deal and European social democracy left capitalism in place in both state and private units (enterprises) of production notwithstanding their massive reform agendas and programs. They thereby left capitalist employers facing the incentives and receiving the resources (profits) to evade, weaken and eventually dissolve most of those programs.

It is far better not to distribute wealth unequally in the first place than to re-distribute it after to undo the inequality. For example, FDR proposed in 1944 that the government establish a maximum income alongside a minimum wage; that is one among the various ways inequality could be limited and thereby redistribution avoided. Efforts to redistribute encounter evasions, oppositions, and failures that compound the effects of unequal distribution itself. Social peace and cohesion are the victims of redistribution sooner or later. Reforming markets while leaving the relations/organization of capitalist production unchanged is like redistribution. Just as redistribution schemes fail to solve the problems rooted in distribution, market-focused reforms fail to solve the problems rooted in production.

Since 2008, capitalism has showed us all yet again its deep and unsolved problems of cyclical instability, deepening inequality and the injustices they both entail. Their persistence mirrors that of the capitalist organization of production. To successfully confront and solve the problems of economic cycles, income and wealth inequality, and so on, we need to go beyond the capitalist employer-employee system of production. The democratization of enterprises – transitioning from employer-employee hierarchies to worker cooperatives – is a key way available here and now to realize the change we need.

Worker coops democratically decide the distribution of income (wages, bonuses, benefits, profit shares, etc.) among their members. No small group of owners and the boards of directors they choose would, as in capitalist corporations, make such decisions. Thus, for example, it would be far less likely that a few individuals in a worker coop would earn millions while most others could not afford to send children to college. A democratic worker coop decision on the distribution of enterprise income would be far less unequal than what typifies capitalist enterprises. A socialism for the 21st century could and should include the transition from a capitalist to a worker-coop-based economic system as central to its commitments to less inequality and less social conflict over redistribution.

Capitalism Is Not the “Market System”


Capitalism didn't cause the Great Depression. Socialism in the form of the Federal Reserve did. It implemented an incredibly expansionist monetary policy (increasing money supply by over 60%) that created the bubble which burst in 1929. That created money was largely wasted, i.e., it didn't result in any investments that would have accelerated ending the Great Depression. Also, FDR's Socialist New Deal policies prolonged the Great Depression via excessive taxation and inflated government spending. WWII gave temporary relief. Fortunately, the Dems in Congress ignored Truman's call to increase taxes after the war. They cut them instead and economic growth ignited.
 
So, are you going to explain ONE GODDAMN THING IN YOUR FUCKING LIFE or are you going to continue the repeated bullshit you also spew.
Of course not....He's the autorantic virtual moonbat.
from the crew with nothing but ad hominems instead of any valid arguments. to much hard work to come up with more than fallacy, right wingers.
Oh STFU, autorantic platitude generator.
why not compete with better propaganda and better style.
 
As I said before, your post regarding the beauty of Socialism is BULLSHIT.

The economy of Singapore is a highly developed free-market economy.[15][16] Singapore's economy has been ranked as the most open in the world,[17] 7th least corrupt,[18] most pro-business,[19] with low tax rates (14.2% of Gross Domestic Product, GDP)[20] and has the third highest per-capita GDP in the world in terms of Purchasing Power Parity (PPP). APEC is headquartered in Singapore.

Economy of Singapore - Wikipedia
Your link:

"Government-linked companies play a substantial role in Singapore's economy.

"Sovereign wealth fund Temasek Holdingsholds majority stakes in several of the nation's largest companies, such as Singapore Airlines, SingTel, ST Engineering and MediaCorp.

"The Singaporean economy is a major Foreign Direct Investment (FDI) outflow financier in the world.

"Singapore has also benefited from the inward flow of FDI from global investors and institutions due to its highly attractive investment climate and a stable political environment.[21]"

Singapore's "stable political environment" comes at a human cost:
744134_525_350_w.jpg

"The government in Singapore has broad powers to limit citizens' rights and to inhibit political opposition.[1][2] In 2018, Singapore was ranked 151th out of 180 nations by Reporters Without Borders in the Worldwide Press Freedom Index."

Human rights in Singapore - Wikipedia


You get a warning over there then you lose a finger.
Labor should have recourse to unemployment compensation to eschew any perceived need for Persons to engage in "corruption".
 
Capitalism didn't cause the Great Depression. Socialism in the form of the Federal Reserve did. It implemented an incredibly expansionist monetary policy (increasing money supply by over 60%) that created the bubble which burst in 1929. That created money was largely wasted, i.e., it didn't result in any investments that would have accelerated ending the Great Depression. Also, FDR's Socialist New Deal policies prolonged the Great Depression via excessive taxation and inflated government spending. WWII gave temporary relief. Fortunately, the Dems in Congress ignored Truman's call to increase taxes after the war. They cut them instead and economic growth ignited.

Are you making it up as you go along ?

We know that all the reforms and regulations imposed in the wake of the Great Depression of the 1930s failed to prevent both smaller downturns between 1941 and 2008 and then another big crash in 2008. Capitalism’s instability has, for centuries, resisted all efforts to overcome it with or without government interventions.

The Narrowness of Mainstream Economics Is About to Unravel
 
Capitalism didn't cause the Great Depression. Socialism in the form of the Federal Reserve did. It implemented an incredibly expansionist monetary policy (increasing money supply by over 60%) that created the bubble which burst in 1929. That created money was largely wasted, i.e., it didn't result in any investments that would have accelerated ending the Great Depression. Also, FDR's Socialist New Deal policies prolonged the Great Depression via excessive taxation and inflated government spending. WWII gave temporary relief. Fortunately, the Dems in Congress ignored Truman's call to increase taxes after the war. They cut them instead and economic growth ignited.

Are you making it up as you go along ?

We know that all the reforms and regulations imposed in the wake of the Great Depression of the 1930s failed to prevent both smaller downturns between 1941 and 2008 and then another big crash in 2008. Capitalism’s instability has, for centuries, resisted all efforts to overcome it with or without government interventions.

The Narrowness of Mainstream Economics Is About to Unravel


I am completely confident in the accuracy of my post.
 
So, are you going to explain ONE GODDAMN THING IN YOUR FUCKING LIFE or are you going to continue the repeated bullshit you also spew.
Of course not....He's the autorantic virtual moonbat.
from the crew with nothing but ad hominems instead of any valid arguments. to much hard work to come up with more than fallacy, right wingers.
Oh STFU, autorantic platitude generator.
why not compete with better propaganda and better style.
You have neither style nor substance....In fact, you're dumber than a bag of hammers.

Now make like a tree and fuck off.
 
Last edited:
Ask them how well capitalism was doing in 1929.
View attachment 245504 View attachment 245506 View attachment 245505

To the extent that capitalism’s problems – inequality, instability (cycles/crises), etc. – stem in part from its production relationships, reforms focused exclusively on regulating or supplanting markets will not succeed in solving them. For example, Keynesian monetary policies (focused on raising or lowering the quantity of money in circulation and, correspondingly, interest rates) do not touch the employer-employee relationship, however much their variations redistribute wealth, regulate markets, or displace markets in favor of state-administered investment decisions. Likewise, Keynesian fiscal policies (raising or lowering taxes and government spending) do not address the employer-employee relationship.

Keynesian policies also never ended the cyclical instability of capitalism. The New Deal and European social democracy left capitalism in place in both state and private units (enterprises) of production notwithstanding their massive reform agendas and programs. They thereby left capitalist employers facing the incentives and receiving the resources (profits) to evade, weaken and eventually dissolve most of those programs.

It is far better not to distribute wealth unequally in the first place than to re-distribute it after to undo the inequality. For example, FDR proposed in 1944 that the government establish a maximum income alongside a minimum wage; that is one among the various ways inequality could be limited and thereby redistribution avoided. Efforts to redistribute encounter evasions, oppositions, and failures that compound the effects of unequal distribution itself. Social peace and cohesion are the victims of redistribution sooner or later. Reforming markets while leaving the relations/organization of capitalist production unchanged is like redistribution. Just as redistribution schemes fail to solve the problems rooted in distribution, market-focused reforms fail to solve the problems rooted in production.

Since 2008, capitalism has showed us all yet again its deep and unsolved problems of cyclical instability, deepening inequality and the injustices they both entail. Their persistence mirrors that of the capitalist organization of production. To successfully confront and solve the problems of economic cycles, income and wealth inequality, and so on, we need to go beyond the capitalist employer-employee system of production. The democratization of enterprises – transitioning from employer-employee hierarchies to worker cooperatives – is a key way available here and now to realize the change we need.

Worker coops democratically decide the distribution of income (wages, bonuses, benefits, profit shares, etc.) among their members. No small group of owners and the boards of directors they choose would, as in capitalist corporations, make such decisions. Thus, for example, it would be far less likely that a few individuals in a worker coop would earn millions while most others could not afford to send children to college. A democratic worker coop decision on the distribution of enterprise income would be far less unequal than what typifies capitalist enterprises. A socialism for the 21st century could and should include the transition from a capitalist to a worker-coop-based economic system as central to its commitments to less inequality and less social conflict over redistribution.

Capitalism Is Not the “Market System”


Capitalism didn't cause the Great Depression. Socialism in the form of the Federal Reserve did. It implemented an incredibly expansionist monetary policy (increasing money supply by over 60%) that created the bubble which burst in 1929. That created money was largely wasted, i.e., it didn't result in any investments that would have accelerated ending the Great Depression. Also, FDR's Socialist New Deal policies prolonged the Great Depression via excessive taxation and inflated government spending. WWII gave temporary relief. Fortunately, the Dems in Congress ignored Truman's call to increase taxes after the war. They cut them instead and economic growth ignited.
Which was already 'splained in great detail in the Lawrence Reed essay I linked to, which was blithely dismissed as "Rockefeller or Carnegie propaganda", without reading a word of it.

You can lead a horse's ass to water....
 
Capitalism didn't cause the Great Depression. Socialism in the form of the Federal Reserve did. It implemented an incredibly expansionist monetary policy (increasing money supply by over 60%) that created the bubble which burst in 1929. That created money was largely wasted, i.e., it didn't result in any investments that would have accelerated ending the Great Depression. Also, FDR's Socialist New Deal policies prolonged the Great Depression via excessive taxation and inflated government spending. WWII gave temporary relief. Fortunately, the Dems in Congress ignored Truman's call to increase taxes after the war. They cut them instead and economic growth ignited.

Are you making it up as you go along ?

We know that all the reforms and regulations imposed in the wake of the Great Depression of the 1930s failed to prevent both smaller downturns between 1941 and 2008 and then another big crash in 2008. Capitalism’s instability has, for centuries, resisted all efforts to overcome it with or without government interventions.

The Narrowness of Mainstream Economics Is About to Unravel

Capitalism’s instability has, for centuries, resisted all efforts to overcome it

Who told you it should be "stable"?
 
Capitalism didn't cause the Great Depression. Socialism in the form of the Federal Reserve did. It implemented an incredibly expansionist monetary policy (increasing money supply by over 60%) that created the bubble which burst in 1929. That created money was largely wasted, i.e., it didn't result in any investments that would have accelerated ending the Great Depression. Also, FDR's Socialist New Deal policies prolonged the Great Depression via excessive taxation and inflated government spending. WWII gave temporary relief. Fortunately, the Dems in Congress ignored Truman's call to increase taxes after the war. They cut them instead and economic growth ignited.

Are you making it up as you go along ?

We know that all the reforms and regulations imposed in the wake of the Great Depression of the 1930s failed to prevent both smaller downturns between 1941 and 2008 and then another big crash in 2008. Capitalism’s instability has, for centuries, resisted all efforts to overcome it with or without government interventions.

The Narrowness of Mainstream Economics Is About to Unravel

Capitalism’s instability has, for centuries, resisted all efforts to overcome it

Who told you it should be "stable"?


This is what Capitalism has achieved:

GDP per Person - Capitalism.jpg
 
So, are you going to explain ONE GODDAMN THING IN YOUR FUCKING LIFE or are you going to continue the repeated bullshit you also spew.
Of course not....He's the autorantic virtual moonbat.
from the crew with nothing but ad hominems instead of any valid arguments. to much hard work to come up with more than fallacy, right wingers.
Oh STFU, autorantic platitude generator.
why not compete with better propaganda and better style.
You have neither style nor substance....In fact, you're dumber than a bag of hammers.

Now make like a tree and fuck off.
still nothing but fallacy, right wingers. red herrings require more effort and learning how to "fish".
 
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