Does capitalism work ? NO
Does Communism work ? NO
Does People work ? NO
What does work ?
COLLECTIVE WILL AND COLLECTIVE DETERMINATION to achieve a certain level of moral ethical and economic position.
the only really successful economy is a mixed economy with strong government and ethically and morally aware big business
But, I disagree - which demonstrates that your "collective" is quite non-inclusive. If I agree with you, then I'm part of your "collective". There are lots of collectives. Quite often they disagree on many issues.
So what you seem to endorse is a "battle of collectives" which is really just "the weak are assimilated or annihilated", which is capitalism which you said doesn't work.
Unless of course you think there is only one collective (which is negated clearly by anyone who EVER disagrees on anything), or we could possibly form just one.
If you believe that people are individuals and have a unique perspecitive in space-time, yet share a commonality somewhere in that we are humans and conscious - then I'd say a "collective" is necessarily impossible.
If you mean "just a bunch of people have to force the others into submission with their collective will", well I'd say that's been the case throughout the history of our species.
"I wish I could make him see the light"
Oh if I could see your light,
what a lovely light it would be.
but alas the light that I see bright -
is a light that's just for me.
But yeah sure we can try to share our light gunk and stuff.
pew pew pew!
Bah.
Anyway.
People are independent value functions in a (subjectively) forever re-evaluating feedback loop with incoming stimulous and percieved circumstance related to some ever-shaping context that frames the everchanging function.
So their VALUES are unique.
So "economic systems" are really just different organizational takes on logistics and the related politics of "what is endorsed by who". As in "the 'state' (which is really just a sanctioned mob of other individuals) formulates "rules" (which are really "guidelines to what the mob says you can't do") and then from an economic perspective we can say "this system is more like this than that"...
When in fact, everyone, at every moment is a perfect expression of their own value, and has perfectly attained it at that moment as constrained by the tao. There is no choice but that people seek what they value at all times, as it just follows that if you "sought it" you had to have valued it to do so.
You breath because you value air, even unconsiously.
You value typing here because for whatever reason you do. You could have done anything else the tao allows at the moment you typed it, but you didn't. You typed. Your value function was expressed perfectly, even if it changed on the fly while you were typing it.
Bah I'm rambling screw it.
That's pure capitalism, and that's what's up.
How is the credit crisis going over in the U.S?
Should be an interesting result for the rich!!!
Capitalism works gloriously for the world's ruling 2%. The rest of us get the Trickle Down effect. The vast majority of the world's population reaps little or no benefit from a political system based on profiteering and turning people against eachother in the mad search for money. It is the lowest common denominator humans can reach. Works for the elite (so loved by the right) but doesn't work for the people that really work for a living.
What do you suggest as a replacement?
I am truly amazed that it has lasted this long.....China & India are coming. Do you think they will listen or act?
Cuban socialism has a serious claim to being the system that saved Cuba from the fates of its neighbors - such as Haiti. "Socialist" Russia modernized, from a third world country with the general development of Brazil to an industrial and military world power, in about one generation and including a horribly destructive war - a feat no capitalist country had, or has, duplicated.pande said:The Soviet Union and Cuba tried to hew closely to the socialist ideal, and it didn't turn out so well.
Absolutely. Too bad the US government has done so much, much too much, "central planning." Even worse is it is so badly done and hidden (in tax laws that have accumulated over many years) So well "hidden" that most of the planers do not even realize they are "Central Planning" Planers! That is probably why it is so badly done.....Generally speaking, the more socialist a "capitalist" country is the higher its standard of living compared with similar countries - the greater its "efficiency" in obtaining good life from given wealth. That can of course be taken to far - central planning is a heavy burden not to be extended beyond benefit - ...
Cuban socialism has a serious claim to being the system that saved Cuba from the fates of its neighbors - such as Haiti. "Socialist" Russia modernized, from a third world country with the general development of Brazil to an industrial and military world power, in about one generation and including a horribly destructive war - a feat no capitalist country had, or has, duplicated.
Free markets are the way to set prices if they can be arranged in practice - but that sphere of practicality is limited.
Generally speaking, the more socialist a "capitalist" country is the higher its standard of living compared with similar countries - the greater its "efficiency" in obtaining good life from given wealth. That can of course be taken to far - central planning is a heavy burden not to be extended beyond benefit - but the near term pattern is pretty clear.
No, Billy T, they would get the same mortgage deduction if they bought a high-rise townhouse in the city.For example, a well paid, but childless lady lawyer, married to a stock broker MUST buy that 6 bedroom country estate to help shelter their high 6 figure total incomes via a big mortgage and then get low capital gain tax rate when selling it.
How does choosing to live in the country instead of the city distort the economy?This makes a great distortion of the economy
There are not enough fancy high-rise apartments in the city at present. All available ones are occupied. Are you suggesting the low-rent apartments in the city should be torn down and replaced with fancy high-rises? Don't you have a conscience about throwing the low-income residents out onto the streets? I guess the low income people could move out into the country and buy cars to commute back and forth to work. I'm not so sure they have enough excess income to buy cars and pay $4 per gallon for gas to commute to work, though. Wouldn't that be more affordable for higher income workers? Oops, that is what we have now, isn't it?They should be living in the city in a fancy high-rise apartment near their offices instead of making CO2 driving their Mercedes and BMW separately into work, for a total of two hours of frustration in traffic each day.
No, most low and middle income people buy homes as an investment for their future. Homes are very often their greatest asset, where their wealth is accumilated. Renters accumilate no wealth in their living quarters and will have to pay ever increasing rent the rest of their lives. Young people that have not yet settled on their long-term employment are better off renting rather than having to sell their home because of job and location changes, but rent money is wasted income. Buy a home with a fixed-rate mortgage and your "rent" will never increase over the years, unlike paying someone else ever-increasing rent payments for the privilage of occupying the same space. For instance, my home is worth much more than all the mortgage payments I have ever made on it. It is like putting money in the bank. If I had rented this whole time, I would still be having to make rent payments and would have accumilated nothing of value for that money. Plus, the rental rates on a home equal in value to mine is presently about three times what my mortgage payments were. One simply has to buy a home with mortgage payments they can afford and not keep re-financing their home to draw equity out of it. After all, you can't draw equity out of the property you are paying rent on, can you? Of course, an extended illness or unemployment can mean you lose your home if you fail to plan for such occasions. You will also be kicked out of an apartment that you can't pay the rent on. What's new?“…Buying a home in the US (vs. renting) is main economic decision most people make. It is strongly driven by tax considerations.
As you later admit, there are not enough nice high-rise apartments in the city (and I might add they need to walk their dog before going to bed- too dangerous to go out after dark etc.) This is just one example of how the tax laws are hidden "central planning" that distorts the economy. Another would be the greater sales of riding lawn mowers vs. the reduced sale of elevators. Etc. As I said: the tax laws and local financing of schools have so greatly distorted the cities that most are essentially destroyed. The USSR's central planners never produced as much damage to the society as the US laws have via hidden "central planning" as the writers of these laws seldom even consider their long term consequences in the US case, but almost always did in the USSR's case. Do not miss understand. The central planning by the USSR was a disaster. - I hope you read and remember my post telling about my train ride conversation with a pretty Russian student in Hungary - she worked every summer in a tomato processing plant. One summer just sat at her workstation 8 hours reading mostly English books as the central planner had forgotten that the large cans needed large lids. That summer the plant manager bribed the truck drivers arriving daily from the state farm with tomatoes to dump them directly in the town's dump. One of the others summers was even worse - wasted the efforts of a "sister factory" in Rumania also, but that takes longer to tell.No, Billy T, they would get the same mortgage deduction if they bought a high-rise townhouse in the city. How does choosing to live in the country instead of the city distort the economy?
No. I am suggesting that we let Adam Smith's "invisible hand" do more and central planners do less. I suspect that the cities that hand would build would be great places to live. With luxury apartments high above offices so the wealthy living there could take the elevator down to their office, etc. The poor, whose time was less vauable, would live in the outter parts of the suburban areas and not mind too much the hour long bus ride in to clean the offices after 5PM or early in the AM to be the maid or cook of the apartment renters. But I would not try to design these "better cities." - I'd let Adam's hand do that job, without central dictation from central planners, even those hidding their evil deeds in the tax laws.There are not enough fancy high-rise apartments in the city at present. All available ones are occupied. Are you suggesting the low-rent apartments in the city should be torn down and replaced with fancy high-rises?
To answer last question first: Falling home prices. At times renting and investing the capital tied up in house equity is much smarter than buying - should be obvious to anyone making the rent or buy choice within the last year...Renters accumilate no wealth in their living quarters ... rent money is wasted income. Buy a home with a fixed-rate mortgage and your "rent" will never increase over the years,... What's new?