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Originally posted by Cassius666
Unchecked capitalism always results in communism or at least a communist like situation. Eventually you will have a group of winners, who runs everything.
Originally posted by diakrite
Don't get me wrong. Free-Market economy absolutely has it's merits, no doubt there, but ONLY if not negatively/unfairly used by a very small clique. Because at that moment it starts to look suspiciously like old-fashioned Communist "Planned-Economy", and we all know how well that went
I am still on the fence as far as Gun-Law goes, but even there, "Due Process" should be the norm, NOT the monetary influence of the moneyed elite.
Adam Smith, as well as Milton Friedman on a later date, were very specific when they subscribed to Free-Markets WITHIN BOUNDARIES OF LAW & REASON. (Very important) and kept Education, Infrastructure and Law VERY specifically independant of this "Free-Market".
They saw Cartels as detrimental to the whole philosophy of Free-Markets. Every economist, Friedmanist, or Keynesian, agrees about that. They even warned for undue influence of the trader-class upon governance by sheer power of money.
But. It's 2012 and here we have it: A self-serving elite of Bankers and Corporatist, taking over EVERYTHING.
This is scary stuff, people. "ALEC" is THE best example of TPTB, and it fits in seamlessly with every conspiracy I ever heard of ,only, THIS is the real world, these people are REAL!
Originally posted by diakrite
Paul Krugman is one of the very few opinion-writers who actually has a record of being right more times than being wrong.
Free-Market economy absolutely has it's merits, no doubt there, but ONLY if not negatively/unfairly used by a very small clique.
Originally posted by diakrite
Ohkay. Time to fess' up.
I have to admit that I always shrugged when people mentioned "TPTB". It was a bit too far-fetched in my (admittedly limited) experience.
However. Color me baffled upon reading the comments in The New York Times, when my eye got attracted by a Head-line form Dr Krugman.
Paul Krugman is one of the very few opinion-writers who actually has a record of being right more times than being wrong. When HE points-out something, I tend to listen.
Here's a quote from the Op-Ed:
What is ALEC? Despite claims that it’s nonpartisan, it’s very much a movement-conservative organization, funded by the usual suspects: the Kochs, Exxon Mobil, and so on. Unlike other such groups, however, it doesn’t just influence laws, it literally writes them, supplying fully drafted bills to state legislators. In Virginia, for example, more than 50 ALEC-written bills have been introduced, many almost word for word. And these bills often become law.
Published: March 25, 2012 in the NYT
Source: www.nytimes.com...
Suddenly it ALL started to make sense. I was always somewhat mystified how states could come-up with the same bills, in the same language EVERY single time the "Free-Market" profiteering (!!) was at risk.
Don't get me wrong. Free-Market economy absolutely has it's merits, no doubt there, but ONLY if not negatively/unfairly used by a very small clique. Because at that moment it starts to look suspiciously like old-fashioned Communist "Planned-Economy", and we all know how well that went.
I am still on the fence as far as Gun-Law goes, but even there, "Due Process" should be the norm, NOT the monetary influence of the moneyed elite.
Adam Smith, as well as Milton Friedman on a later date, were very specific when they subscribed to Free-Markets WITHIN BOUNDARIES OF LAW & REASON. (Very important) and kept Education, Infrastructure and Law VERY specifically independant of this "Free-Market".
They saw Cartels as detrimental to the whole philosophy of Free-Markets. Every economist, Friedmanist, or Keynesian, agrees about that. They even warned for undue influence of the trader-class upon governance by sheer power of money.
But. It's 2012 and here we have it: A self-serving elite of Bankers and Corporatist, taking over EVERYTHING.
This is scary stuff, people. "ALEC" is THE best example of TPTB, and it fits in seamlessly with every conspiracy I ever heard of ,only, THIS is the real world, these people are REAL!
Here's another nice little snippet from the same Op-Ed mentioned above:
ALEC seems, however, to have a special interest in privatization — that is, on turning the provision of public services, from schools to prisons, over to for-profit corporations. And some of the most prominent beneficiaries of privatization, such as the online education company K12 Inc. and the prison operator Corrections Corporation of America, are, not surprisingly, very much involved with the organization.
Link:www.nytimes.com...edit on 3/27/2012 by diakrite because: links added
Originally posted by diakrite
However. Color me baffled upon reading the comments in The New York Times, when my eye got attracted by a Head-line form Dr Krugman.
Paul Krugman is one of the very few opinion-writers who actually has a record of being right more times than being wrong. When HE points-out something, I tend to listen.