The "free market" is a Big Government Program

[EdwardBaiamonte]

Why do capitalists fear competition from the public sector?

Why would they fear it when the public sector has no incentive to be competitive???? 1+1=2

 

[EdwardBaiamonte]

"The government could be such an employer of last resort: when private capitalists either cannot or will not hire because to do so is not profitable for them."

If businesses cant hire then govt certainly cant either since govt would have to tax already too poor to hire businesses to pay workers thus making recovery impossible. This is how Democrats made the Depression last for 16 years. Econ 101 after you finish HS.

 

[georgephillip]

If businesses cant hire then govt certainly cant either since govt would have to tax already too poor to hire businesses to pay workers thus making recovery impossible. This is how Democrats made the Depression last for 16 years. Econ 101 after you finish HS

Ed...please put fear behind you and cross into the 21st Century:

A very detailed walkthrough of Modern Monetary Theory, the big new left economic idea

If all economic life in a capitalist system is based on compelling people to go to work and spend their wages, what happens when they are told to stay home and pray for socialism to save them?

If our gym memberships, car payments, student loan usury this year and beyond are already counted as "paid" by the lords of our casino economy, what's the consequences when some of those IOUs become worthless?

 

[Toddsterpatriot]

If businesses cant hire then govt certainly cant either since govt would have to tax already too poor to hire businesses to pay workers thus making recovery impossible. This is how Democrats made the Depression last for 16 years. Econ 101 after you finish HS

Ed...please put fear behind you and cross into the 21st Century:

A very detailed walkthrough of Modern Monetary Theory, the big new left economic idea

If all economic life in a capitalist system is based on compelling people to go to work and spend their wages, what happens when they are told to stay home and pray for socialism to save them?

If our gym memberships, car payments, student loan usury this year and beyond are already counted as "paid" by the lords of our casino economy, what's the consequences when some of those IOUs become worthless?

MMT? What's wrong, communism lose its shine?

 

[georgephillip]

MMT? What's wrong, communism lose its shine?

Time for you to find honest work?
https://seekingalpha.com/article/4136261-problem-index-funds

Speculators Were Hung in the 17th Century. Ah, 'The Good Old Days'

"'Speculators at megabanks or investment firms such as Goldman Sachs are not, in a strict sense, capitalists. They do not make money from the means of production...They are parasites. They feed off the carcass of industrial capitalism. They produce nothing. They make nothing. They just manipulate money. Speculation in the 17th century was a crime. Speculators were hanged.' - 'Overthrow the Speculators', by Chris Hedges"

 

[Deplorable Yankee]

Coronavirus Is Forcing the GOP to Admit Its Ideology Is Delusional

"Markets, money, and corporations are all creations of the state.

"The distribution of income is not determined by an invisible hand’s objective appraisal of each worker and investor’s marginal utility but by the politically constructed laws and institutions that structure economic activity in a given society.

"These are plain facts."

Neither Trump nor Biden will concede there's nothing natural or inherently just about market distribution of income; therefore, the top 0.1% of households, which currently "own" as much wealth as the bottom 90% of the population combined, will continue to profit from their control of markets, money, and corporations while the larger society absorbs most of the losses.

Hope and Change or MAGA?

Bring back capitalism down with the democracy

 

[georgephillip]

Bring back capitalism down with the democracy

Bring back democracy; down with billionaire$

"The modern conservative movement holds these truths to be self-evident..."

"The market is (a largely) apolitical sphere ruled by the impartial dictates of an invisible hand.

"Thus the superrich do not owe their astronomical market incomes to any set of politically ordained laws or institutions; rather, they earn their gains in a fundamental, metaphysical sense, and the state must therefore meet a heavy burden before it can justify coercively redistributing the wealth that billionaires have rightly earned."

Coronavirus Is Forcing the GOP to Admit Its Ideology Is Delusional

 

[Toddsterpatriot]

MMT? What's wrong, communism lose its shine?

Time for you to find honest work?
https://seekingalpha.com/article/4136261-problem-index-funds

Speculators Were Hung in the 17th Century. Ah, 'The Good Old Days'

"'Speculators at megabanks or investment firms such as Goldman Sachs are not, in a strict sense, capitalists. They do not make money from the means of production...They are parasites. They feed off the carcass of industrial capitalism. They produce nothing. They make nothing. They just manipulate money. Speculation in the 17th century was a crime. Speculators were hanged.' - 'Overthrow the Speculators', by Chris Hedges"

They produce nothing. They make nothing.

Sounds like you.

 

[georgephillip]

Sounds like you.

Overthrow the Speculators

"We can wrest back control of our economy, and finally our political system, from corporate speculators only by building local movements that decentralize economic power through the creation of hundreds of publicly owned state, county and city banks."

 

[Toddsterpatriot]

Sounds like you.

Overthrow the Speculators

"We can wrest back control of our economy, and finally our political system, from corporate speculators only by building local movements that decentralize economic power through the creation of hundreds of publicly owned state, county and city banks."

That would be awesome in Illinois!!!!

Imagine the corruption our idiot politicians could perpetrate if they
had a bank they could use for insider loans.

Dumbest thing you've ever pushed for, and you're a fucking commie.

 

[Toddsterpatriot]

Sounds like you.

Overthrow the Speculators

"We can wrest back control of our economy, and finally our political system, from corporate speculators only by building local movements that decentralize economic power through the creation of hundreds of publicly owned state, county and city banks."

Ellen Brown is a clueless idiot.
You have a lot in common.

 

[georgephillip]

magine the corruption our idiot politicians could perpetrate if they
had a bank they could use for insider loans.

Do you never tire of sucking the corporate teat?

https://www.truthdig.com/articles/overthrow-the-speculators/

"The establishment of city, regional and state banks, such as the state public bank in North Dakota, permits localities to invest money in community projects rather than hand it to speculators.

"It keeps property and sales taxes, along with payrolls for public employees and pension funds, from lining the pockets of speculators such as Jamie Dimon and Lloyd Blankfein.

"Money, instead of engorging the bank accounts of the few, is leveraged to fund schools, restore infrastructure, sustain systems of mass transit and develop energy self-reliance."

 

[Toddsterpatriot]

Sounds like you.

Overthrow the Speculators

"We can wrest back control of our economy, and finally our political system, from corporate speculators only by building local movements that decentralize economic power through the creation of hundreds of publicly owned state, county and city banks."

When the Napa Valley Unified School District in California needed funds in 2009 to build a high school in American Canyon it took out a $22 million loan with no payments due for 21 years. “By 2049, when the debt is paid,” the paper noted, “the $22 million loan will have cost taxpayers $154 million — seven times the amount borrowed.” And Napa, the paper reported, is one of at least 1,350 school districts and government agencies across the nation that have engaged in this form of borrowing, called capital appreciation bonds, to finance major projects. Capital appreciation bonds mean billions in debt for the public and hundreds of millions of dollars for the speculators,

Compound interest.....just awful! Durr

 

[Andylusion]

Coronavirus Is Forcing the GOP to Admit Its Ideology Is Delusional

"Markets, money, and corporations are all creations of the state.

"The distribution of income is not determined by an invisible hand’s objective appraisal of each worker and investor’s marginal utility but by the politically constructed laws and institutions that structure economic activity in a given society.

"These are plain facts."

Neither Trump nor Biden will concede there's nothing natural or inherently just about market distribution of income; therefore, the top 0.1% of households, which currently "own" as much wealth as the bottom 90% of the population combined, will continue to profit from their control of markets, money, and corporations while the larger society absorbs most of the losses.

Hope and Change or MAGA?

Markets do not distribute income anyway.

Your income, is based on the value you create with your labor.

If you create less value, you get less income.

If you mow my lawn, that action of mowing my lawn has a value to me. It is not the "market" that magically determines how much you make. *I* the customer determine how much you mowing my law, is worth to me, and pay you accordingly.

There is no "distribution" of wages going on. No one does that.

After you mow my lawn, or fix my roof, or repair my car, or give me a hair cut... no magic "market" comes around and "distributes" income to you.

This is why every country that you people get control of, ends up in ruins like Venezuela. You have no idea what you are talking about.

 

[Toddsterpatriot]

magine the corruption our idiot politicians could perpetrate if they
had a bank they could use for insider loans.

Do you never tire of sucking the corporate teat?

Overthrow the Speculators

"The establishment of city, regional and state banks, such as the state public bank in North Dakota, permits localities to invest money in community projects rather than hand it to speculators.

"It keeps property and sales taxes, along with payrolls for public employees and pension funds, from lining the pockets of speculators such as Jamie Dimon and Lloyd Blankfein.

"Money, instead of engorging the bank accounts of the few, is leveraged to fund schools, restore infrastructure, sustain systems of mass transit and develop energy self-reliance."

Do you never tire of your whining twatiness?

"It keeps property and sales taxes, along with payrolls for public employees and pension funds, from lining the pockets of speculators such as Jamie Dimon and Lloyd Blankfein.

Do you imagine the Napa Valley Unified School District is sitting there with billions, or even millions, in sales and property taxes in Jamie Dimon's or Lloyd Blankfein's bank?

Taxes that would now be deposited in a Napa Valley public bank?

Hilarious!!!

If they had extra cash, they wouldn't be borrowing $22 million with no payments for 40 years.

 

[georgephillip]

Ellen Brown is a clueless idiot.
You have a lot in common.

For your next happy hour, Whore.

Do something productive.
Die slow,
Take Don the Con with you.
Rube.

 

[Andylusion]

magine the corruption our idiot politicians could perpetrate if they
had a bank they could use for insider loans.

Do you never tire of sucking the corporate teat?

Overthrow the Speculators

"The establishment of city, regional and state banks, such as the state public bank in North Dakota, permits localities to invest money in community projects rather than hand it to speculators.

"It keeps property and sales taxes, along with payrolls for public employees and pension funds, from lining the pockets of speculators such as Jamie Dimon and Lloyd Blankfein.

"Money, instead of engorging the bank accounts of the few, is leveraged to fund schools, restore infrastructure, sustain systems of mass transit and develop energy self-reliance."

The irony is, we didn't hang ourselves. But all the Socialist Countries under Stalin's ideology hanged themselves.

It's just baffling to watch you blow your own position up, by citing biggest failures of your ideology in modern history, as examples.

 

[Toddsterpatriot]

Ellen Brown is a clueless idiot.
You have a lot in common.

For your next happy hour, Whore.

Do something productive.
Die slow,
Take Don the Con with you.
Rube.

Whine some more, useless twat.

 

[Andylusion]

Ellen Brown is a clueless idiot.
You have a lot in common.

For your next happy hour, Whore.

Do something productive.
Die slow,
Take Don the Con with you.
Rube.

Do us a favor, and go live in countries that practice your ideology.

How about that free health care in Venezuela. Enjoy sucker.

(note the difference between me and you... I posted a fact, and you posted a meme)

 

[Andylusion]

The Meltdown of 2008/2009 should have taught them a lesson about the dangers of under-regulation, but talk radio jumped on that quickly by teaching them to ignore a majority of what happened to cause the Meltdown, and to concentrate ONLY on Fannie, Freddie, and Barney Frank.

The meltdown you mention was a bailout, imho, for the previous bailout in 2001 which was attributed to the Dot Com (911?) failures. This current episode seems to be playing out similarly to 2008's in the sense that the FIRE sector (Finance, Insurance, REAL ESTATE) stands to be made whole at the expense of the productive economy.
America's Demise In One Simple Chart - The Path To A FIRE Economy

Would it not be ironic if a failed real estate speculator presided over the demise of Finance Capitalism?

Before Covid, our economy was fantastic. After covid, it will return to that.

Capitalism will not end because of the US. Every country in the world, that is even remotely successful, is only successful in their practice of capitalism. Even China today, is only as successful as they have embraced capitalism.