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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (296318)	7/22/2006 5:19:37 PM
From: combjelly	Read Replies (2) \| Respond to of 1575627

"He starts with a kernel of truth and fills it in with lies to make his theories work." Have you heard of the Austrian school of economics? The basis rejects observation, measurement and statistics. You construct a theoretical framework of how you think things should operate. Then that becomes your model. Tim has mentioned he likes the Austrian school...

To: tejek who wrote (296318)	8/14/2006 8:18:24 PM
From: TimF	Respond to of 1575627

he was saying the US doesn't have extreme capitalism. On the surface, that seems to be right but when you compare our form of capitalism with other developed nations, then it does begin to look extreme. The difference isn't all that enormous between our countries and other countries. We might be more capitalist than most, but not to a point where our country would reasonably considered extreme. Even if the difference was greater that still wouldn't make our system "extreme capitalism". The government in the US controls a far greater portion of the total wealth and income of the economy than it did in the past, and it controls a large multiple of what would be needed to really be extreme capitalism. If it was extreme capitalism, businesses would rarely need to think about the government, instead of compliance with government laws and regulations, and paying taxes to the government, together amounting for a huge chunk of corporate revenue.