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Paradoxish posted:Maybe not, but you still have to do it. Just a reminder: Also 8 years of pedal to the metal expansionary monetary policy with no inflation anywhere makes no goddamn sense.
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Dec 3, 2016 16:42
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cheese posted:Its almost like flawed supply side economics can't explain the post 2008 economy If you create a new billion dollars and give it all to Bill Gates, did you really create a billion dollars?
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Dec 5, 2016 13:18
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Actually we're still in the pre-Trump world. Let's hope someone digs up these posts 5, or god forbid, 9 years from now so we can see which poster can claim their place alongside the alltime greats such as the Grover Iraq Invasion List.
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Dec 8, 2016 12:52
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Xae posted:No organization can sustain a deficit forever. States can.
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Jan 4, 2017 09:53
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Helsing posted:Doctors are actually a pretty good example of how "free" trade works in America. Right in the mid 1990s at the height of free trade mania and when other, especially blue collar, industries had been hit hard by economic changes, doctors and their organizations started freaking out about how the government was training too many physicians: Keep in mind that this isn't unique to the US. In the Netherlands a couple years back one of the top political issues was waiting lists for medical procedures, especially operations. Currently one of the top issues of the election campaign (elections in March) is rising healthcare costs. This stuff has been a top political issues for decades is what my point is. Meanwhile, since forever (literally at least 3 or 4 decades by now) the amount of qualified students wishing to enter a medicine programme in Dutch universities exceeds the amount of students those universities will accept each year. What our universities do is make a first selection based on average grades of the applicants, and then for the remaining slots they have a lottery. If you don't make it through the lottery three times, you will never in your life be allowed to study medicine at a Dutch university. This is happening while a lack of doctors is leading to waiting lists and where obviously the lack of competition leads to high wages for medical professionals which contribute to the high healthcare costs. As far as I am aware no political party has ever even suggested mandating the universities (all of which receive a bunch of funds from the state) to increase the amount of students they will train to be doctors to deal with these issues. It's farcical as gently caress.
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Jan 5, 2017 12:46
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Subjunctive posted:That surprises me. I would expect it to be spent on equities, bonds, and other instruments. Are they holding cash as a hedge against the crisis we're discussing here? Even if it's invested, private wealth always seeks a positive return, so it's only ever invested in things which are expected to be profitable in the relatively short term. The exception here is if a wealthy person takes a personal interest in either a branch of basic research or other long term scientific goal or trying to eradicate a disease or something of that nature. Even in those cases though, the bulk of that person's wealth still remains profit seeking, as a single person is literally unable to personally manage billions of dollars in any kind of effective way. It means that massive amounts of wealth by definition can not be used to do any of a million terribly useful things which would trivially and demonstrably make life better on this planet because you can't make a relatively short term individual profit off of it. Oh and most if not all of the major problems facing humanity are exactly the kind of problems doing those terribly useful things, such as solving hunger and abject poverty, providing access to medical care and curing diseases, developing infrastructure and educating people, would at the least contribute to solving. The other major kinds of problems we have tend to be caused by massive amounts of money being profit seeking (and failing to find adequate returns), such as the financial bubbles of the last 2 decades. Capitalism is a woefully inefficient economic system for improving human lives. Though I will concede it is better than slavery and feudalism.
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Jan 8, 2017 15:21
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asdf32 posted:No 'capitalist' country relies on capitalism entirely. Real life first world countries have 25-50% of the economy controlled by government and the rest regulated with healthcare and safety nets. So your last statement is pretty irrelevant (just like generalizations about government or taxes). Uhuh, and who controls the government?
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Jan 8, 2017 19:12
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asdf32 posted:The voters mostly for better and worse it seems. Because it's only indirectly controlled by corporate interests rather than outright. Also the government isn't so much easily corrupted as literally created by and for the capitalist class. That was the whole point of the liberal revolutions. In any case, the solution can not be to democratically (or otherwise for that matter) change the government to serve the interests of the people without also doing away with the capitalist economic system. Also when I talk about the capitalist system being terrible at improving the human condition and mention healthcare, why the gently caress is everyone else only talking about the US? People are dying of easily and cheaply treated diseases by the loving millions in other parts of the world you know. It's a massive indictment of capitalism. Orange Devil fucked around with this message at 19:45 on Jan 8, 2017 |
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Jan 8, 2017 19:42
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Dr. Fishopolis posted:Nobody is suggesting nationalizing the pharmaceutical industry. I am. Also all public transport, energy and insurance companies and banks, for a start. Covok posted:Thread Title: 2017 Economic Crisis Thread - The Second Great Depression Within Our Lifetime Thread Title: 2017 Economic Crisis Thread - A Second Great Depression Has Hit The Economy Orange Devil fucked around with this message at 21:42 on Jan 9, 2017 |
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Jan 9, 2017 21:37
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caps on caps on caps posted:Yes and exactly during that time there was no economic growth (for literally thousands of years) and one third of your country might suddenly die because there's too much or too little rain. I guess the iron age man was economically no better off than the stone age man. An opinion held by a moron with no conception of history or economics.
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Feb 8, 2017 11:39
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Confounding Factor posted:EDIT: The class crying about such a tax hike doesn't really affect them in any meaningful way. You could even get the tax rate at 99% and they are still millionaires that doesn't impact their lifestyle. How many loving yachts do you need anyway? Nowadays you need at least 2. You see, you used to just have the one yacht. But then you of course wanted to add a helicopter + helipad, a couple of motorboats, some jet-skis and a mini-submarine. All that stuff takes a lot of space. And then there's the staff who require some space for their sleeping/cooking etc needs as well and you obviously don't want them to mingle with your family and guests. Now your yacht is starting to feel kind of cramped. So a trend of the last 10 years or so is to offload all that stuff onto an auxiliary yacht so you can enjoy the high life on your primary yacht. What I'm saying is eat the loving rich.
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Feb 25, 2017 10:52
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caps on caps on caps posted:Socialism is not a theoretical framework tho. It does not have any theory as to how to organize production and distribution of said production except for some bearded dude saying "people will literally change to be perfect once the system is perfect". No one knows what the perfect system is, just that it is not the current system. The argument in entirety is: Since A is bad, B must be better because it is not A. Yeah it's a real shame there haven't been any noted authors writing some books about how to organize the means of production under socialism... I guess the entire 150 year old ideology is just composed of magical thinking.
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Feb 25, 2017 13:36
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poopinmymouth posted:I like how all your questions ignore that the exact same problems you are worried about already exist in capitalism right now Ah but you see capitalism is just the natural order of things. It's how capitalist Egypt build the pyramids 4500 years ago.
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Feb 26, 2017 16:48
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When you think about it, if poor people are letting themselves get killed without even fighting back don't they deserve it? Turns out it's a just world after all!
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Feb 27, 2017 08:32
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Remember when Great Britain and the United States lost WW2 because they ran a planned economy?
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Feb 27, 2017 09:13
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readingatwork posted:I rent so three of those aren't an issue and I can downgrade my phone and car the next time I'm buying if necessary. I'll be fine, as will most people making under seven figures. Is your thesis here that the people making over seven figures will not be fine?
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Mar 2, 2017 08:11
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The method god uses to decide who is rich and who is poor is the same method he used to decide who was born a noble and who a peasant. Our method of equalizing should be the same.
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Mar 7, 2017 10:37
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Calibanibal posted:Wage growth requires sunlight, carbon dioxide and fertile soil Fertilize the soil with the blood of the capitalist class.
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Mar 16, 2017 08:59
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Rex-Goliath posted:It should be noted that despite all this US production is only down ~20% over half a century. Certainly a noticeable decrease but it's not dying by any stretch of the imagination. Which makes perfect sense because as prices decrease logistics costs make up a larger percentage of total cost meaning the tipping point for producing (semi-)locally versus shipping heavy bulk goods halfway across the globe (and in extreme cases, shipping the raw materials the other way first) shifts in the direction of (semi-)locally.
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Mar 17, 2017 16:38
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icantfindaname posted:well, mostly b/c the chinese government invested a shitload of money in steel facilities. if the Free Market had chosen what economic activity to do in China it wouldn't have happened, at least not nearly as fast. developmentalist planning and free markets arent the same thing It was a really poor move by China because those mills were a state project which didn't turn a profit for the state within 4 years - A neoliberal
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Mar 17, 2017 19:57
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Nissin Cup Nudist posted:Hillary wasn't wrong she she that. America has plenty of issues, but its still better than ~90% of the planet A country is great when it: a) Outperforms other countries on defined metrics b) Meets or exceeds metrics of human development regardless of what others countries are doing
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Apr 10, 2017 10:26
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Lote posted:Silver is the Bitcoin of the metal world. Bitcoins don't turn you blue though. Clear win for silver imo.
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Apr 13, 2017 16:00
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Pre-owned is a great euphemism.
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Jun 26, 2017 07:44
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call to action posted:11%+ sales taxes And this is considered high?
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Jun 30, 2017 12:25
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DrNutt posted:WA state is pretty weird. Politicians here keep putting income taxes on the ballot, and people keep voting them down, so regressive taxes just keep getting added and increased to make up for it. What I don't get is why they don't make a bill that introduces an income tax while simultaneously doing away with the sales tax. That might actually have a chance if voters can be decently educated. My guess is there may be something in WA State laws that prevents this, but I haven't looked into it that deeply. Either that or we just have lovely politicians which I can absolutely believe also. Alternatively the system is functioning exactly as intended by all actors with power: the rich get richer, the poor get hosed.
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Aug 9, 2017 08:04
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