dagblog - Comments for "Capitalism FAIL"

It's not the workers'

Flavius — Thu, 09 Jun 2011 02:42:31 +0000

In reply to Too much kool-aid, destor.

It's not the workers' headcount that supports social security, it's the economy. If we grow the economy by 5%/year it will support social security whether that's done by increasing the work force or increasing the output per capita. .

Some economists are consisent on this point. But manyproject healthy growth rates for the economy and simultaneously moan that ss won't be affordable because of the declining ratio of workers vs retirees.Tilt..

Thanks for posting this

Peter Schwartz — Wed, 08 Jun 2011 18:47:59 +0000

In reply to Not very good at forming

Thanks for posting this article. This is a question I've wondered about many a time.

One reason is... our population is growing, so we need more jobs for more people. The other point may be that an organization has to grow or it will start to die away. He not busy born is busy dying kind of thing.

And then there's the thought that the economy is always moving, never standing still: new inventions, new products, new ways of doing things, new tastes mean that existing companies need to keep adapting--growing, if you will--to stave off obsolescence and death.

Yes, assuming all those

Peter Schwartz — Wed, 08 Jun 2011 18:41:38 +0000

In reply to I already posted a news

Yes, assuming all those immigrants can get jobs. Otherwise, it becomes its own kind of bomb--masses of unemployed young people.

I agree with you, Emma.

Michael Maiello — Wed, 08 Jun 2011 15:20:31 +0000

In reply to Too much kool-aid, destor.

I agree with you, Emma. Though I do think the more the merrier. I support open borders for a lot of econonomic and cultural reasons. The U.S. frankly needs a huge social shake-up.

Back To Paying More Taxes

EmmaZahn — Wed, 08 Jun 2011 15:17:54 +0000

In reply to I don't think it's the system

Back To Paying More Taxes Abroad Than To Uncle Sam; Someone Say Jobs, Repatriation, Fair Trade http://buswk.co/j0xQTH

Too much kool-aid, destor.

EmmaZahn — Wed, 08 Jun 2011 15:16:18 +0000

In reply to The social safety net

Too much kool-aid, destor.

Safety nets do not help people who are under them, e.g. the unemployed. Besides they are by definition full of holes.

Adding more people to the mix with open borders does not seem like a workable solution. AND, Social Security is not broke. It does not need fixing.

Say it over and over and over and over. Just like the opposition repeats their points.

SOCIAL SECURITY IS NOT BROKE.

Trade tariffs only result in

Flavius — Wed, 08 Jun 2011 15:09:00 +0000

In reply to Capitalism FAIL

Trade tariffs only result in trade wars and eventually shooting wars.

FWIW Keynes argued the opposite..According to Skidelsky

That free trade combined with the intrnational mobility of capital was more likely to provoke war than keep peace

In the first decade of the 20th century the conventional wisdom was that there could never be another war because of the growing interntional trade links.He'd seen that disproven. And then seen the Great Depression.By 1933 in an address in Dublin he said

But let goods be homespun whenever.....possible and above all let finance be primarily local.

If the US imposed stiff tariffs it would solve our unemployment problem. If we returned to Ike's tax laws we'd solve our growing inequality problem and probably our deficit one It's not that Capitalism can't work, it's the way we have implemented it that can't work.

Not very good at forming

EmmaZahn — Wed, 08 Jun 2011 15:01:57 +0000

In reply to I read a quippy little post

Not very good at forming sentences this morning but your comment reminded me of something I just read yesterday.

Reuters op-ed editor James Ledbetter poses the question, "Must we always try to grow the economy?" http://t.co/VMJAUNL

and this as well

Bill Clinton: universal health coverage saves money http://t.co/0W7dmHR

The social safety net

Michael Maiello — Wed, 08 Jun 2011 14:58:47 +0000

In reply to I think it will pay off

The social safety net problems are demographic, right? Not enough workers supporting too many retirees... so bring in more workers. More workers leads to more demand which leads to more demand for workers and the tax base is sufficiently broadened so that Social Security and Medicare are paid for by all of these new taxpayers. If you combined open borders with good, progressive taxation aimed at making sure the middle class gets a rising share of income, you're golden.

I think it will pay off

Resistance — Wed, 08 Jun 2011 14:54:02 +0000

In reply to I read a quippy little post

I think it will pay off hugely for us in 50 years.

We should take a risk for some pie in the sky future? "Hey you downtrodden American workers it will get better in 50 years"

What have you been smoking, because something has affected your thinking?

I'd could go along with your plan, if you first strengthen the Social safety net and those of us already grandfathered in; would retire early and then we could allow the corporations to have all kinds of growth by allowing them more worker (wage slaves)

Why should we allow only the corporations the ability to have a good life by using wage slaves .

I am not so sure your morality is any better than Weiners?

Corporations: "Come all you on the other side of the border, come and satisfy your materialistic desires" "Help us defeat the American workers outlandish demands for an improved standard of living, clean air and water is too heavy a price so eliminate them and watch us grow.

Corporations: Who cares that while you immigrants will defintiely see the benefits, your American counterpart will just have to accept less. In 50 years you'll go through the same hell.

"But hey 50 years is a long time,so dont worry, you'll soon discover Destor didnt know what he was talking about; besides he's been gone for years."

50 years from now some new Open borders crowd advocate, will try to convince Americans

Open the Borders, so Coporations can grow.

The working class trampled, becoming the fertilizerfor this new growth.

Hey Destor, they say I have this growth on my arm, caused by the sun. Growth is good right?