TheBigShort
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How is that free market capitalism? Q.E. and asset buying programs are the epitome of socialism ... for the rich. Socialism always ends up being run by elites. It's in its nature.Anyway, to cut my speel short, here is an article from the US that shows how free market capitalism is the only game in town, and how a socialist like me is always way off the mark?
http://www.marketwatch.com/story/ho...-17-trillion-as-stock-market-rises-2017-09-21
Ah bless, someone leaked the People Before Profit budget speach......
How is that free market capitalism?
I don't agree that it is socialism either. So-called socialist states in the Soviet Union, North Korea only purported to be socialist
Socialism is a morally bankrupt ideology and is not a viable solution to cronyism. Cronyism; that's what the article is actually talking about.Ah yes, you nearly forgot to mention that didn't you?
Ask yourself how the average man, woman and child have fared in Russia, China & N Korea since 1945? Look which way people moved when the Berlin wall came done. Look at the shambles that is Venezuela and even our own Greece.
Socialism is a failed and dangerous ideology and I thank my lucky stars that I live in a country where the vast majority see it for what it is.
Ah yes, you nearly forgot to mention that didn't you?
Ask yourself how the average man, woman and child have fared in Russia, China & N Korea since 1945?
Look which way people moved when the Berlin wall came done
Look at the shambles that is Venezuela and even our own Greece.
Cronyism; that's what the article is actually talking about.
The free market is an artificial construct. Without regulation there would be no Google as Microsoft would have been able to force every company selling computers with a Windows operating system to use their internet browser. There are plenty of other examples.Exactly.
Those that advocate it are the crackpot capitalists. Just as the cheerleaders for the Soviet Union and NK are the Looney left.
Both are deluded in thinking that this is a free market economy or that USSR was a socialist society.
The free market is an artificial construct. Without regulation there would be no Google as Microsoft would have been able to force every company selling computers with a Windows operating system to use their internet browser. There are plenty of other examples.
The problem is when a group or vested interest can exert undue influence on a market or on the democratic process, including the way in which laws and regulations are framed. I'm opposed to all such groups and bodies. We are citizens and this is a democratic republic. All power should come from the people through their democratically elected representatives and only through those representatives.
Very large corporations, industry groups (such as the health insurance industry and Gun Lobby in the USA), Investment Funds, Trade Unions etc. all seek to subvert democracy by influencing the government. All of them are a corrosive influence and that influence always leads to cronyism.
Very large corporations, industry groups (such as the health insurance industry and Gun Lobby in the USA), Investment Funds, Trade Unions etc. all seek to subvert democracy by influencing the government. All of them are a corrosive influence and that influence always leads to cronyism.
All lobby groups and organisations, and I am thinking particularly of Trade Unions here, are self serving and ultimately act against the common good.
The undue influence of big business and finance is more obviously corrosive to the common good.
No, that is the point. We need to call things what they are,While I could agree a value with this in principle, I can't grasp a system in which it would operate in practice. Aren't nearly all lobby groups self-interested? What about local resident's associations? The Chamber of Commerce? Would it be ok for an individual farmer to lobby for his/her own interest but not for a group to band together to do so?
We need a system in which no group has undue influence and transparency to see what influence is being brought to bear.In practice this is very difficult, eg, the influence that can be applied indirectly through media control. But perhaps, I have missed the point?
While I could agree a value with this in principle, I can't grasp a system in which it would operate in practice. Aren't nearly all lobby groups self-interested?
Closer to home.
The centralised command banking economy, purporting to be a capitalist system, is ensuring that ever increasing debt will follow us to the grave
http://www.rte.ie/amp/906728/
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