Socialism is destroying Greece, Spain, Italy, Venezuela and America, to name a few

Venezuela has inflation of over 30 percent now, and growing, thanks to hugo and his socialism madness. I guess all those poor people that voted for hugo don't mind paying more money for the scarce food they get now and then, its all for the cause.

This post is specially dedicated to all leftists and socialist out there, since once I was one of them. They should be open to knowledge and make an effort in getting better and updated information, and stop being the unconscious puppets of people who are "not as forgiving as they are" They should read "Capitalism" from George Reisman, the best book on capitalism written EVER.

You can get a free searchable PDF copy here:

www.capitalism.net

Words of Reisman:

"Whoever claims that economic competition represents 'survival of the fittest' in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics"

This book should be REQUIRED READING on these harsh times.

I find it so strange that despite socialisms perceived superiority as a system it is yet still so fragile that a little country like Greece can take the whole global system down. But I suppose thats capitalisms fault too?

Its greed people. You'll have it with socialism as you will have it with capitalism. Only with capitalism you will have a self correcting market that will purge the greedy that caused the meltdowns in the first place.

Meltdowns in socialized systems are engineered by the socialists to take money off of the table for the people that would do the most good with it...The middle class.










[edit on 16-5-2010 by Thirty_Foot_Smurf]

Sorry, Thirty_Foot_Smurf, but I'm here to put you back to reality. I DO live in a socialist country,
and I assure you the money lost in economic meltdowns (created by keynesian economic policies) doesn't go to the "Middle Classes", they go to the corrupt politicians and risky financiers, their familiars and then to their friends, who are later incorporated into State jobs, benefiting from the same -suck it all- people. By the way, these people have a narcissistic sense of entitlement that would embarrass the very Queen of the Netherlands. Not "Middle Class" values at all. If you have any doubts, come to my country. I will show you the light.

reply to post by TheWalkingFox


Hi, I'm TheWalkingFox, and I've clearly never taken my privileged ass out of America!

Seriously, though, you are incredibly lucky to live in a country that values personal freedom and liberty. The price of freedom, however, is that you have to be a responsible adult and look after yourself. Most Americans do that, and as a result they live in luxury unimaginable to 6 of the world's 7 billion people.

The fundamental moral problem with socialism is that it diminishes personal freedom and responsibility. Take Greece as an example: the problem is not that smartypants bankers made bad bets and lost Greece's poke. The problem is that smartypants bankers made bad bets, lost the rich folks' pokes, and now everyone's worried about having enough cash to pay the bills - and here's Greece which owes 2x its national income and shows no sign of getting off its butt and putting in a hard day's work! In fact, they're on strike to stop the government from paying them less for doing nothing!

To blame the Greek crisis on capitalism is ironic to the point of being nauseating.

And in case you were wondering, I'm against government bail-outs for the banks. Managed bankruptcy would have been better: in true capitalist fashion, it would have made unemployable those who shouldn't be in charge of hotdog stands.

We need information but it either doesn't exist or we're not allowed to see it. Without knowing the size and average time of derivative packages we cannot know what pressure GDP growth is expected to meet. Principle is leveraged with fractional reserves. Earned interest is also leveraged. The various derivative options then leverage as far as willing buyers allow. As the buyers are the largest firms, this turns out to be a lot of networked liability.

We can already control rates and deposit reserve requirements. We need at least two further controls.

One to stop earned interest. Banking costs are deducted but any surplus evaporates. Gone from the system. Rates still exist but no one earns it. Money is reduced to an administrative function and not a cash machine for the man. The other control is needed to regulate the network that is the derivative market. Information on the size and average lifetime is required. A size per transaction, or number of transaction per product, could create cells within the network. No cell could grow to large as it begins to branches or divide as it approaches its resale (or nodal) limit.

I think interest, fractional reserves and derivatives markets are required as much as the banksters by the way, as if you can't tell. But for different reasons I suspect. Not having these devices is a waste. A properly regulated derivative market is a carrot in front of the economy and should remain but be used to guide not rob. Leverage is another method of responding to economic indicators. If we can create robust systems in other fields it must be possible, in theory, to do the same in economics.

Originally posted by gdeed

The people have voted for change and they seem to be getting change. But not much change left in their pockets. Money is the root of all evil.

But money sure comes in handy when buying food, clothing and shelter. An over regulated not so free enterprise system as Socialism is doesn’t seem to be working very well, just look at the huge unemployment numbers in those countries.

There are socialist parties but they are not doing well at all. Greece may be the first one to follow France to elect a socialist Goverment as a protest.

America does not have a socialist government.

the zionsit jews control the economy and are causing all these economic problems.