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


To: tejek who wrote (760268)12/30/2013 4:19:46 PM
From: longnshort2 Recommendations

Recommended By
joseffy
steve harris

  Respond to of 1576806
 
baltimore is a long time democrat city, like detroit. that's the root cause of the problem, liberal democrats



To: tejek who wrote (760268)12/30/2013 4:19:47 PM
From: longnshort3 Recommendations

Recommended By
FJB
joseffy
steve harris

  Respond to of 1576806
 
baltimore is a long time democrat city, like detroit. that's the root cause of the problem, liberal democrats



To: tejek who wrote (760268)12/30/2013 4:40:32 PM
From: TimF  Respond to of 1576806
 
He was good at figuring out what was wrong or what could be wrong with capitalism

Not really.

We did that by not giving in to either side.

Free market capitalism isn't a war with sides. Its people freely trading for their own benefit. To be sure there is competition but producers are competing to serve the market better and take marketshare and/or profit away from others by doing so. Where it does become more of a war (if hopefully not a very violent one) is when the government takes control, and everyone fights for the political spoils.

You're seeing a retrenchment in terms of family income

Real median income per person is up over time. It could have been up more if it wasn't for excessive government regulation and interference.

you're seeing the abandonment of basic services, such as public education, functional public education


Your seeing more and more and more resources going in to the public education systems across the country. To the extent their missions have been abandoned that's even more reason to think that relying on the current setup isn't going to work and that what is needed is reform, not just continuing to throw more resources in to the same setup, despite the record of poor results from doing so.

In 1932, it got better because they dealt the cards again and there was a communal logic that said nobody's going to get left behind.

In 1932 you had years left to go on the depression, in great part because of all the government interference with the markets. Higher taxation, pressure to keep wages up in a deflationary period, rules against discounts, or even letting people select the chicken they where going to buy rather then just buying the next one in some line, destruction of crops and premature slaughtering of animals to reduce later meat production in a period when people where hungry, etc.



To: tejek who wrote (760268)12/30/2013 8:31:43 PM
From: koan  Read Replies (1) | Respond to of 1576806
 
Tejek, there never was a social compact with capitalism. That is the great myth. Capitalism is sociopathic by its very nature.

Only the people's government can provide the conscience.

<<The creator of The Wire, David Simon, delivered an impromptu speech about the divide between rich and poor in America at the Festival of Dangerous Ideas in Sydney,

and how capitalism has lost sight of its social compact. This is an edited extract