Today's Birthdays
There are no members with birthdays on this day.
Current Topics
Gerrymandering
by perotista - 10/28/21 05:49 PM
Trump screws up
by jgw - 10/28/21 05:34 PM
Retailers
by jgw - 10/28/21 05:12 PM
What's for dinner?
by TatumAH - 10/28/21 03:22 PM
What % of humanity is batsh!t crazy?
by Greger - 10/28/21 02:43 PM
REWARD: Vote Fraud
by pondering_it_all - 10/28/21 09:03 AM
RoundTable For Fall 2021
by pondering_it_all - 10/28/21 08:48 AM
In production movie Rust
by pondering_it_all - 10/28/21 07:53 AM
National Commission to Investigate the January 6
by rporter314 - 10/27/21 03:44 PM
Lyrics
by Mellowicious - 10/27/21 03:16 AM
Winning
by perotista - 10/25/21 11:58 PM
Why and How can they?
by logtroll - 10/25/21 11:13 PM
A Fungus Amungus
by TatumAH - 10/25/21 03:38 PM
Joe Manchin thread
by Greger - 10/25/21 02:08 PM
Le Shrooms
by logtroll - 10/25/21 12:07 AM
U.S. Companies Bet Shoppers Will Keep Paying Higher Prices
by pondering_it_all - 10/24/21 08:35 PM
Bureaucracy
by jgw - 10/24/21 08:33 PM
The GOP, goop, and political Pop-tarts
by pdx rick - 10/23/21 03:12 PM
Carbon Sequestration
by pondering_it_all - 10/23/21 07:28 AM
Popular Topics(Views)
9,601,246 my own book page
4,739,654 We shall overcome
3,791,094 Campaign 2016
3,467,238 Trump's Trumpet
2,730,514 3 word story game
Previous Thread
Next Thread
Print Thread
Rate Thread
Page 49 of 50 1 2 47 48 49 50
Joined: Oct 2007
Posts: 2,675
C
enthusiast
Offline
enthusiast
C
Joined: Oct 2007
Posts: 2,675
As a marker, heres a recent interview with Hudson, discussing our economy going into 2020. Perhaps we could look back and see how relevant he was. He alluded to the dirty little secret of how leftist analysis has been of some use for corporations and governments for some time as its more objective than ideological.
Hudsons has an interesting and storied career working for governments and some of the largest companies in the world.
His parents marxists and he grew with those traditions. Some of the largest companies and governments have had no problems using his skills so they seem to have no objections to his critiques or advise:


Joined: May 2006
Posts: 4,330
Likes: 9
J
jgw Offline
old hand
Offline
old hand
J
Joined: May 2006
Posts: 4,330
Likes: 9
the simple fact is that money is based on pure faith - nothing less, nothing more. This happened when we stopped backing money with anything but our word. This is what makes paying it back so necessary. If we don't then our word is worth less than nothing and NOBODY will do business with us.

forgiving debt is a thing that has been done for a very long time but a long time ago (often a religious thing). Our problem is that we can't forgive it - the rest of the world has to forgive us! (REALLY unlikely)

Oh, the only way the resulting debt is going to be dealt with is by raising taxes. Given how congress is 'help' those out of work, etc. its unlikely that said tax raise will be on the very rich so much as those who are already in personal debt up to their eyebrows. This is, incidentally, how the Democrats got painted with the tax and spend thing - basically, by fixing national finances after the Republicans have wrecked them. Won't be any difference next time the Dems take power. My fond hope is that, this time, they will point their fingers at the Republicans everytime they have a chance and never let up. I am sick and tired of them, and their continuous testing of their financial theories, which ALWAYS fail!

Joined: Oct 2007
Posts: 2,675
C
enthusiast
Offline
enthusiast
C
Joined: Oct 2007
Posts: 2,675
The rich are getting bailed out right now to the tune of trillions of dollars.

The market is leveraged to the hilt. The market is majority owned by the wealthy. Saving the market, even if it means killing off surplus human livestock has been openly argued.
One political factions front runner has crowed about his bill to make debt inescapable for most citizens. Which means he has allowed banks to no longer retain risk.

There is no real difference between either political factions as it concerns centering society around a leveraged market. Your only contrasting styles of support. I would go even further and say your simply arguing your own personal opinion with little weight of evidence to back it up.




Last edited by chunkstyle; 03/27/20 07:33 PM.
Joined: Feb 2006
Posts: 11,403
Likes: 56
veteran
Offline
veteran
Joined: Feb 2006
Posts: 11,403
Likes: 56
The reason Republican economic theories always fail is because they are all based on wishful thinking. Trump is the poster boy for this world view. Bush was the earlier version: "We create reality" was what they wanted, but that bumps into the real world and always fails eventually.

This fixation on wishful thinking is one thing that attracts evangelicals.

Joined: Oct 2007
Posts: 2,675
C
enthusiast
Offline
enthusiast
C
Joined: Oct 2007
Posts: 2,675
You really think current modern neoliberal economic theory is solely confined to the Republican Party?
If so, thats absurd and objectively wrong.

Joined: Feb 2006
Posts: 11,403
Likes: 56
veteran
Offline
veteran
Joined: Feb 2006
Posts: 11,403
Likes: 56
Theories that involve wishing real hard are not as valid as modern neoliberal theories. Those may not be as good as Marxian theories, but it's all a matter of degree. It's like comparing apples to oranges to dog poop.

Last edited by pondering_it_all; 03/28/20 03:08 AM.
Joined: Oct 2007
Posts: 2,675
C
enthusiast
Offline
enthusiast
C
Joined: Oct 2007
Posts: 2,675
Ummmm....

You realize that modern neoliberal economics can and have been shown to be demonstrably worse than its predecessor ? Economic problems disguised as problems stemming from the opposition political faction when in reality both parties are in broad economic consensus.

Neoliberalism has only gotten underway since the 80s. Libs treat it as though it is unalterable law of nature instead of an imposed economic sham that it has proven itself to be.

Im not sure about your dog poop comment. Dismissal and contempt seem to be the reactions to criticism of neoliberal practice. If you benefit from Neoliberal economics any alternative is dismissed as rainbows and unicorns or pie in the sky thinking, omitting its relatively modern existence and its destructive effects on citizens and democracy in its short time. Hudson gives good historical context here.

Whats interesting and most telling is Hudsons (as well as many other economist) detailed observation that you cant break free of the encircling unproductive debt economy outpacing the productive economy without some kind of mechanism.

Neoliberals answer to that is economic austerity and precarity for the masses.
Democrats thru means testing and levels of worthiness to public goods access, Republicans thru tax breaks and ruthless cutting of public goods.

The results are the same as both factions are captured by the rent seeking classes. You see most at the rant content to argue over the two different faces of the same coin.

Last edited by chunkstyle; 03/28/20 01:49 PM.
Joined: May 2006
Posts: 4,330
Likes: 9
J
jgw Offline
old hand
Offline
old hand
J
Joined: May 2006
Posts: 4,330
Likes: 9
Conservative fiscal policies are simply extensions of their belief that if people are given a chance to do what they want, and their view that people will always do the right thing if they are given a chance. I am on the other side and believe that regulation is necessary. Their fiscal policies, for the most part are grounded in pure greed and little else although they have a pile of nomenclature that, in their theory, explains the 'truth' of it all - it doesn't. All the rest, including the marvelous skill with political and fiscal whiz bang philosophies of some are just offshoots of the above and are, basically, blather.

For me its just basic stuff and I needn't rely on philosophical extensions of what is really quite simple.
I have been having this battle for literally years. The question seeems so simple. In religious terms one side believes in original sin and the other (Republican) does not. Original sin wins! The rest is all blather. Humans need regulation - without that there is only chaos. Everytime we have a Republican administration they eventually prove my point.

Oh, greed is a human trait but can also be seen in the animal kingdom. Dogs are a good example. If you have a dog, and the dog has a favorite toy, try and take it away - the dog will resist, its his/her's! Same with humans. the best dogs are those who are regulated. The worst are not. Same with humans. The problem with politics is that everybody seems to have a different view of the same thing. The progressives, for instance, are determined to have their way RIGHT NOW! Anybody who disagrees is the enemy and they rarely talk to anybody but fellow travelers. They believe in regulation but just go too far. There is a sweet spot, the problem is finding it and then finding agreement. That is, as far as I am concerned the real trick. The problem is in the agreement part - they are not real interested in that and the results, seen in history, are not good and you end up with stuff like Communism AND socialism (dictionary). There is a meme on this stuff that goes something like; "extremes have a habit of coming full circle and meeting in the middle where both sides are different only in nomenclature. One side is seriously regulated and the other is not yet both insist on their way or the highway. Neither really works.

The United States has been, so far, successful because of agreement. Without it we fail. Its really that simple. Our success is because we found middle ground. Extremes, on other side, are the danger and will eventually take us down and either side can do that - if they can.

Joined: Nov 2006
Posts: 18,369
Likes: 37
Carpal Tunnel
Offline
Carpal Tunnel
Joined: Nov 2006
Posts: 18,369
Likes: 37
Quote:
The United States has been, so far, successful because of agreement. Without it we fail. Its really that simple. Our success is because we found middle ground. Extremes, on other side, are the danger and will eventually take us down and either side can do that - if they can.
Uh huh...when the white man came we agreed to take all the land from the Indians, then we agreed to have a revolution, a few years later we agreed to have another war with our former government. We agreed that it was okay to own slaves and we agreed that only white men could vote. Before long we agreed to have a civil war.

Yep just a long string of agreements and seeking the middle ground.

It's made us the successful nation we are today...always remember that behind every successful man is a string of sick and hungry children.


Good coffee, good weed, and time on my hands...
Joined: Apr 2010
Posts: 11,479
Likes: 41
veteran
Offline
veteran
Joined: Apr 2010
Posts: 11,479
Likes: 41
Those were all agreedments - different thing.


You never change things by fighting the existing reality.
To change something, build a new model that makes the old model obsolete.
R. Buckminster Fuller
Page 49 of 50 1 2 47 48 49 50

Link Copied to Clipboard
Who's Online Now
0 members (), 39 guests, and 0 robots.
Key: Admin, Global Mod, Mod
Newest Members
SuZQ2, KevFilthyANML, Risky, Gladys G. Jackson, Beach Baby
6,297 Registered Users
Forum Statistics
Forums61
Topics17,228
Posts311,635
Members6,297
Most Online294
Dec 6th, 2017
Powered by UBB.threads™ PHP Forum Software 7.7.5
(Release build 20201027)
Responsive Width:

PHP: 7.4.25 Page Time: 0.021s Queries: 37 (0.011s) Memory: 3.0393 MB (Peak: 3.2529 MB) Data Comp: Zlib Server Time: 2021-10-28 18:05:47 UTC
Valid HTML 5 and Valid CSS