Which financial institution do you work for?

[Gary Allan]

Again, one appears to "latch on to" influenced by Marx and equates it to Marxist governments. Stretch it out for what it's worth in mileage (feel free).

I'll offer only that our current proud to say I'm an American Capitalist Republic isn't shinning so bright right now ..and I really doubt it will every improve in the future. So, unless you're exempt from the effects, just what do you have to brag about? Capitalists did this to us, and will continue to do this to us as a nation. If they're so beneficial to anyone but themselves ..where are the benefits of participation in enabling them? If there is no benefit, and only managed misery and decline under their influence, why would the average citizen support it knowing that it automatically assures their decline?

In light of our coming off of our globally unprecedented "high" on top of the last 60 years ..and inverting the single highest concentration of wealth into the single most concentration of debt that the globe has ever known.. just what does Capitalism have to show for itself in terms of national/society wide benefit?

Here's a quote on an exchange I had/have with an economics professor that appears to be rather ambiguous about any/all economic theories.

Quote:
Finally, I agree with you as well and think you make a very useful point that capitalism versus the "socialist" failed experiments of USSR/E. Europe and Mao Tse Tung are not an apt comparison--capitalism just seems to need more time to its own undoing (or I do also hold out there may just be the larger tendency to oscillation between abundance--for some only--and misery for most in capitalism versus the odd structures that developed in USSR that basically just led to economic misery without any swings up.)



btw- I've never read one book on Karl Marx. ..let alone economics (other than articles). It's a name of some weird looking guy as far as I'm concerned.

 

[VeeDubb]

Gary,
I agree with you on public education. That was a great description of the situation. Had an argument with a friend the other day about whether athletes should make more than teachers. She said teachers serve society, humanity etc etc. I agreed with all that, providing we have teachers that are effective. But we have systems that protect ineffective teachers. So I asked her about the social damaged caused by ineffective teachers vs a baseball player who bats, say .180. Yep, seems the down side needs to be priced into the pay structure too. And given our embarrassing public education system, I'd say the pay structure between athletes and teachers is just about right. BTW, I'm not saying the absolute amounts of money athlete make is good. Talkin relative terms here.

 

[digitalSniperX1]

You're operating on the assumption that it's capitalism which created this mess.

The foundation for this mess was created by actions/behaviors in direct conflict with free market capitalism.

What's in direct conflict???....a negative balance of trade created by protectionism and currency manipulation.

Nothing capitalist about that.

Ask your economics professor if you need the details. Failure by that person to state the obvious would warrant another discussion.

 

[Gary Allan]

OH ..so those who profited and walked away with the booty ..and left us with the bill (and have been doing so for a very long time) are just low life in the closet (whisper) Commies!

Are you set to burn them at the stake?

Or is it "not their fault" that they achieved the highest of the high. Not one influence ..not one bit of leverage ..nothing. It was all some ideological application by "someone else" ..and all the money fell in their lap by default.

I see.

 

[digitalSniperX1]

Well you may've not read books on Marxism but you've got at least the front end of its implementation down pat...seems implementing it in every case results in burning someone at the stake...if only in a Walter Mitty sort of way. Only it forced Pol Pot to live inside a mosquito net because he killed the people capable of building a palace.

You have a difficult time enough seeing the rationale behind your own thoughts.

You're simply fooling yourself more in the false confidence you see mine.

 

[Tempest]

Quote:
You're operating on the assumption that it's capitalism which created this mess.

Indeed. Government policy, corporations and central banks have nothing to do with capitalism.

And I agree that the professor not mentioning any of these is most interesting.

 

[Gary Allan]

Originally Posted By: digitalSniperX1
Well you may've not read books on Marxism but you've got at least the front end of its implementation down pat...seems implementing it in every case results in burning someone at the stake...if only in a Walter Mitty sort of way. Only it forced Pol Pot to live inside a mosquito net because he killed the people capable of building a palace.

You have a difficult time enough seeing the rationale behind your own thoughts.

You're simply fooling yourself more in the false confidence you see mine.



Thank you for that authoritative rebuttal.

 

[Gary Allan]

Quote:
corporations and central banks have nothing to do with capitalism.


Hmmm..a corporation ...like XOM ..who you've defended as a vital bastion of Capitalism .."needing help"

..is just some pet commie protectorate of yours

Do you organize protests at the Fed when you're at the militia meeting? Again, congrats at the promotion!

 

[digitalSniperX1]

I'm sorry to confuse you but it wasn't a rebuttal.

Your refusal to accept facts and or any thinking inconsistent with your own makes rebutting a exercise in futility.

Being like minded with some economics professor who has most likely never done anything outside a classroom is...oh gee...nevermind.

 

[Gary Allan]

Thank you for your content rich commentary, then

Oh, and she never ever implied that she's in agreement with "my take" on everything. I'm a simpleton. She merely agreed on how we're taken to the cleaners by whomever is in power ..in whatever modality that they choose in population management and distribution of resources. That is, the board of directors isn't much different than the Central Committee when you're done wringing out the proles for what they're worth.

 

[digitalSniperX1]

It was a statement of the obvious...nothing rich about it.

 

[Gary Allan]

Originally Posted By: digitalSniperX1
It was a statement of the obvious...nothing rich about it.


Exactly. No content.

Are you (in some stretch of the imagination) upset or angry? Why? Aren't people in the security of confidence and validity usually calm?

 

[Tempest]

Quote:
Hmmm..a corporation ...like XOM ..who you've defended as a vital bastion of Capitalism .."needing help"

As in Government corporations....that DO need government help (big time tax dollars) to survive after screwing the global economy.

 

[Gary Allan]

Oh

So XOM still needs help??

 

[digitalSniperX1]

Originally Posted By: Gary Allan
Thank you for your content rich commentary, then

Oh, and she never ever implied that she's in agreement with "my take" on everything. I'm a simpleton. She merely agreed on how we're taken to the cleaners by whomever is in power ..in whatever modality that they choose in population management and distribution of resources. That is, the board of directors isn't much different than the Central Committee when you're done wringing out the proles for what they're worth.

Oh yes, "populate management and distribution of resources"...lol.

The economics professor votes unwittingly for free markets. Now, as per her board of directors comment...some of them most definately suck and suck badly..and generally they're exposed and ousted. However, this likening it to capitalism has about as much merit as likening it to a liquor store heist.

 

[digitalSniperX1]

Originally Posted By: Gary Allan

It was a statement of the obvious...nothing rich about it.


Originally Posted By: Gary Allan

Exactly. No content.


Yes, it's obvious what I said is correct. The added value was clarification.

Originally Posted By: Gary Allan
[
Are you (in some stretch of the imagination) upset or angry? Why? Aren't people in the security of confidence and validity usually calm?



Look fella, I'm [censored] off at the situation. But I'm not about to loose self control. I'm not in here calling for executions and ridiculous nonsense similar to it.

That'd be you.

 

[Gary Allan]

DeeGee - you exist on one of two sides of life in America. You're either a slave to Wall St. and Co. ..or you're a beneficiary of Wall St. & Co. The slaves outnumber the beneficiaries and they're swelling ..yet Wall St. & Co. still seem to take care of its own. It's willing to sacrifice any number of lower rung members (of its own, even) in the process.

 

[digitalSniperX1]

Originally Posted By: Gary Allan
DeeGee - you exist on one of two sides of life in America. You're either a slave to Wall St. and Co. ..or you're a beneficiary of Wall St. & Co. The slaves outnumber the beneficiaries and they're swelling ..yet Wall St. & Co. still seem to take care of its own. It's willing to sacrifice any number of lower rung members (of its own, even) in the process.


I've never seen such an oversimplification from someone of reasonable intellect.

 

[Gary Allan]

What do you expect, I'm a simple man

 

[digitalSniperX1]

Nah...you're a thinker...perhaps with a bit too much passion...but a thinker nonetheless....a bit of a pathology in today's world I'm afraid (thinking that is).