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Thread: The Basis For A New Recession

  1. #11
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    Captdon's Avatar Senior Member
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    Quote Originally Posted by IMPress Polly View Post
    And yet, at a conceptual level, it is more popular today than it has ever been in American history before. Perhaps as much reflects a divorce between what general types of ideas bourgeois economists are willing to legitimize and what types of ideas actual working people themselves can instinctively gather to be in their own interests.
    Socialism is only alive and well in the minds of liberals and the college kids they brainwash.

    The stock market has nothing to do with the economy. Once a company sells stock they have no interest in its value unless they want to sell more. Most of our economy isn't listed on the market since most jobs are for small companies not there.

    Interest rates at 3% are nothing. We lived through interest rates at 18%. That was a problem. Our economy is always based on supply and demand. That isn't going away if we keep the liberals out of power.

  2. #12
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    Captdon's Avatar Senior Member
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    Quote Originally Posted by IMPress Polly View Post
    I think it is worth reiterating something that I have said on many threads now: that there are plenty of individual communities on this globe that currently use the general type of economy that I would favor, but there is no, and by definition cannot be any, nation-state that does so. The communes that I refer to, be they those located in Syria, in Mexico, or wherever they may be found, have certain things in common: they do not feature rapid economic growth, but conversely feature much more sustainability and stability, including the guarantee of basic material human needs to all. That, to my way of thinking, is a worthwhile trade-off. In any event, they are not dystopian nightmares.

    You should live in a commune then.

  3. #13
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    Chris's Avatar Senior Member
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    Here's what's wrong with government intervention in the economy, especially with trying to smooth out the natural business cycle.

    According to economist Joseph Schumpeter business cycles occur because technological innovation occurs in cycles:



    If you flatten that out then you reduce innovation.

    The other problem with government intervention is you cannot predict which new technology will be adapted and which won't. Intervention ncreases malinvestment.

    Source: The Schumpeterian view of business cycles.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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    IMPress Polly's Avatar Senior Member
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    Captdon wrote:
    You should live in a commune then.
    I'm of the belief that favoring a different socio-economic system doesn't morally oblige one to uproot and move away from one's friends and family and established career, etc., but rather to do what one can to bring about the kind of changes that one wishes to see where they are.

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    countryboy's Avatar Senior Member
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    Quote Originally Posted by Chris View Post
    Socialism has been a failure everywhere it was tried. Not really even sure what you mean by "at a conceptual level, it is more popular today than it has ever been in American history before". Why would economists legitimize a failure? How is socialism, a failure, in working people's interests?
    She means, kids today believe socialism/communism is grrrrrreat! Of course, they have no idea what it is like to actually live under a communist dictatorship, and are seemingly oblivious to recent failed socialist experiments (Venezuela).
    Cutesy Time is OVER

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    countryboy wrote:
    She means, kids today believe socialism/communism is grrrrrreat!
    Pro Tip: The kids don't actually talk like they're in a commercial for Kellogg's Frosted Flakes.

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    countryboy (02-11-2018)

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    Quote Originally Posted by countryboy View Post
    She means, kids today believe socialism/communism is grrrrrreat! Of course, they have no idea what it is like to actually live under a communist dictatorship, and are seemingly oblivious to recent failed socialist experiments (Venezuela).
    They soon grow up to the realities of life, start working, start a family to take care of.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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    Quote Originally Posted by Chris View Post
    They soon grow up to the realities of life, start working, start a family to take care of.
    Unfortunately, a good many of them never grow out of their delusions. Progressivism is what has ruined this country, and the Democrats don't have a monopoly on it.
    Cutesy Time is OVER

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    zelmo1234's Avatar Senior Member
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    Quote Originally Posted by IMPress Polly View Post
    What I would seek to propose is the reorganization of our current global system into a giant, loose network of relatively small communes that are structured in the kind of democratic socialist way I have described and alluded to.
    Standard of Living would go down for most. But I applaud you for stating your ideals

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    Quote Originally Posted by countryboy View Post
    Unfortunately, a good many of them never grow out of their delusions. Progressivism is what has ruined this country, and the Democrats don't have a monopoly on it.
    True, and Republicans also contribute to the illusion the government can plan the economy.
    Tradition is not the worship of ashes, but the preservation of fire. ― Gustav Mahler

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