Excuse me, sir, but it is this mythical American “majority” which is quite comprehensively stripping itself of jobs and other goods and services, all under the auspices that foreign creditors and successive generations will bear the burden of financing all the trappings of entitlement and empire.
What assets?
Given the trend of corporate profits and CEO raises compared to worker raises makes me very comfortable that these huge corporations you have hard ons for would distribute the wealth.
What is a Malthusian? You.
lol that’s awesome. I got to admit, I look hella cute in this photo.
You could take every penny of profit from every Fortune 500 company and you’d only have enough money to fund the government for a couple months.
The problem with socialism is, eventually, you run out of other people’s money…
What entitlements? The only entitlements come from the EMPIRE. I pay a portion of my salaries for Social Security, Medicare, and Medicaid. I’ve been doing it for 8 years since I was 14. That isn’t an entitlement, I’ve paid into that system.
Oh, but they give that social security money to CEO’S. That’s fine with you guys. Seeing how massive your erections are when Lloyd Blankfein, and Tony Hayward come on TV.
Are you familiar with a Ponzi scheme? Are you familar with the fact that the aforemtioned schemes have unfunded liabilities running into the hundreds of trillions of dollars? Where will the government get that money? Let me put it simply: The government has promised people these entitlements now, right now, and have kicked the can down the road as to what will happen when they can no longer afford them in the future.
Where do you get the impression that posters at Mises.org favour fascism? I suggest you search around the site a little and note the plethora of articles denouncing Wall Street cronyism and denouncing the bailouts.
I think it’s funny that this “Adam” fellow thinks that money creation generates wealth. Optimal money supply theory dealt with this literally decades ago.
And since we’re on the subject of inflationism, I’m sure Adam can find a fellow traveler in Gideon Gono, head of the Reserve Bank of Zimbabwe. If you have a chance to meet Mr. Gono, ask him about Keynesian monetary policy. I’m sure he’ll tell you how it did wonders for his country.
Their workers with years of experience for example- they don’t just vanish into thin air. Many small banks that didn’t make those terrible mistakes would’ve loved to snapped them up and expanded. But its hard to compete when your competitors aren’t allowed to lose money through law.
Where did this bizarre notion come from that once someone loses their job, regardless of their skillsets or productivity, they can never be hired again without the government’s assistance?
Your solution is to give all the power to corporations where labour has only one right. The right to sell themselves at what business calls market value.
Please post link to that study.
Capitalism : All for me, and nothing for other people.
I don’t recall there being a major calamity when all of the baby boomers were being born. Society will invest money in care for the eldery when it reaches that point. Oh, but there’s no profit in that. Let’s take away their social security and make them starve! The economy will be better than.
Socialism: Nothing for anyone so we’re all equally poor.
See I can say stupid things too.
The solution isn’t to give “corporations” all the power, that’s whats in effect right now remember? Corporations only have so much power because the government makes sure that they don’t face any market pressures. The bailouts don’t tell you that they have so much power due to government collusion?
Adam Martin, welcome to this site.
You are completely right in condemning the bailouts. However, you seem under the impression that people here on this site support them. This is not the case. There is not a single person here who approves of the bailouts. All here condemn them at least as much as you do.
regards,
Che20
I doubt that they’d want to, anymore than they’d want to pay more for gas or steel. But through competition and the build-up of capital which makes labor more productive they’ll have to. Moreover, even if nominal wages never rise, or even fall, price deflation as a result of an increase in the outputs of goods and services will make real wages rise. Of course, this happens only marginally in a corporatist economy.
The reason some posters find this ironic is because Thomas Malthus was essentially a 19th century John Maynard Keynes. In fact, many of Keynes’ own ideas, e.g. the paradox of thrift, are throwbacks to Malthusianism. And it goes without saying, no one here endorses Keynesianism.
There’s going to be plenty of human cost as the US continues to decline relative to countries like China. We can continue to subsidize comparatively inefficient industries at the expense of innovation and long term health, or the central planners can admit they were wrong.
is this Adam Martin the same as the Adam Martin who wrote:
?
Come on everyone. This is just some 11 year old kid trying to get a rise out of you all. I fell for it at first too, but just leave this kid in his dark, lonely basement already. Nobody could seriously be this slow.