Originally posted by MitchMan
| Quote: | Originally posted by Pescador
When the goat speaks about economic matters, it is certain that you are about to be enlightened in a socialistic way. I can only imagine what the
country he would design would look like. Let's see, China, Venezuela, Cuba, etc., and the list goes on. |
Socialism and Capitalism are both recognized economic philosophies, both have their own validity and shortcomings; there are truths and falsehoods and
strengths and weaknesses found in both. If you want to consider yourself knowledgeable enough to cast your opinions on either, it behooves you to
sufficiently understand their principles and both the weaknesses and strengths of each. Otherwise you will wallow in folly. Therefore, I appreciate
being “enlightened” when enlightenment is presented, and you should be too.
BTW, I don’t think there is any one person (certainly not any member of this forum) who could “design” any country, and that list of persons who
cannot goes on and on.
| Quote: | Originally posted by David K
Funny how some people think wealth comes from government... when it is just the opposite. People create wealth and government takes it away.
Capitalism creates the most opportunity and socialism has failed everywhere it has been tried.
Up with ALL Business (big and small) and down with Big Government! |
Please! More “talking points”? Everything you wrote was a pure talking point, that is, phrases that someone else wrote verbatim before you copied
them here. I have heard each and every one of them many, many times recited by many other people. If you would compose your own original thoughts
and share them with sufficient and adequate logic/support, that might constitute “enlightenment”.
Capitalistic systems have failed many times, and, it’s an ongoing experience. In fact, every time a business fails, that is a capitalistic failure.
Ever hear of the Great Depression, the Dot Com Bubble, the Great /Recession of 2007/8? A characteristic of capitalism is recurring boom and bust
cycles where many people are severely hurt financially. Also, there is the ever present lopsided and inequitable disparity of income and wealth that
is severely plaguing the world and this country at its worst. Disparity itself is one of the most significant factors that is hurting our market
based capitalistic systems around the world and particularly in this country right now.
Geesus man, open your eyes! A blind one-sided and errored Pollyanna perspective serves no one and certainly isn’t “enlightenment”.
The worst part of socialism is that it doesn’t benefit from the information embedded in markets and market prices (Hayek). One of socialisms failures
is that it has been too difficult to know how much of which commodities to produce or not produce and where to deliver it, let alone how much resource
to invest is the option level of product quality. Huge failure. HOWEVER, since our current technology of data bases, networking, internet and other
ubiquitous communication, the ability to gather info quickly and analyze it even quicker is making this defect less and less an issue.
Briefly stated, capitalism’s problems are many, the most obvious is that markets are not perfect;, almost never are, and our market based capitalism
relies greatly on its markets. Also, our markets have been subjected to the corrupting influence of excess greed and political manipulation.
Furthermore, the more unregulated and purely unfettered markets are, the more bad side effects (called by economists as “externalities”) that horribly
hurt society come about. FROM A PRACTICAL PERSPECTIVE, THE ONLY THING THAT CAN TAME EXTERNALITIES EFFECTIVELY IS PROPER REGULATION BY AN
“APPROPRIATELY SIZED” GOVERNMENT…WHATEVER SIZE THAT IS.
Now, DavidK, I you have any “original” ideas to cure everything, please let us know. And, please, no talking points. Just your own original logic
and info if you don’ mind. |
