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not to mention oil dropped to ten dollars a barrel.Or was it five?
Originally posted by buster2010
reply to post by Drunkenparrot
Poverty and debilitation effects of Reaganomics? The U.S. economy thrived as a result of Reagan's economic policies....
The national debt went up 186% under Reagan. Because Reagan had to borrow money like crazy to make up for the huge tax cuts he gave the wealthy. Not to mention they had to raise the debt ceiling 17 times while he was in office. When Reagan went into office the national debt was 800 billion when he left office it was 3 trillion. Reagan's voodoo economics was a failure.
Originally posted by rickymouse
reply to post by okyouwin
I know people who lost a lot of what they made keeping their company afloat through a small depression. I know others that have been selling off their assets over the years to pay to keep their doors open to supply a convenience to their community and employ a few people. This is years I am talking about, not a month or so. Paying no taxes for a few years doesn't replace losing what you built up over the years.
I addressed the fact that most big businesses wont do this, choosing to look at the bottom line on a monthly basis and laying of people at the drop of a hat. I also stated there are good big corporations that will do good for their workers. Nobody really wants to be an employer, they want to subcontract labor. This frees them from personal ties with people and makes them feel guiltless if they get rid of them. This subcontract labor is going to increase in the years to come. Another creation of big business that has gone awry. Blame can be shuffled to the subcontractor easily releasing the business of liability. I actually am kind of proud of BP for accepting responsibility on the disaster, they weren't liable for the damage that occurred by law over a set point regulated by the government but paid for much of the problems that they caused to smaller businesses.
I saw these big corporations buying factories and tearing them down. I saw big corporations destroy their factory instead of selling it to someone who might be in competition with them later on. Either way, the needs of the people in the community who would have preferred to keep working were set aside for profits. I guess it is cheaper to get paper from other countries than to supply work for our citizens. Who is going to buy this paper from them in the future if nobody is working? They are cutting their own throats in the future. Oh I forgot, they are corporations, the stockholders will lose their money and not the execs, they can retire as fat cats.
Originally posted by okyouwin
Capitalism is economic system where the means of production is privately owned. It can be owned by an individual or by a collective of individuals in agreement. That leaves few options for ownership if not individuals,. I'm thinking either God or the government. I don't believe God's interested. so that leaves the government.
Means of production doesn't necessarily mean bridge construction, or airplane factory. It could mean blacksmith, gardener, or stamping out the same piece of plastic door part, 5,000 times a day.
Each of these producers operate within a society based on exchange. The desire of each individual, involved in the exchange, is freely felt and exercised: how badly do you want something and how badly do I want to get rid of it. That I believe is a free market. You are right excess capital does come from labor. This excess capital is key in the growth, complexity, and size of production I personally don't think this is inherently wrong. It does, in it's purest form result in greater production and that means more jobs for labor.
I'm not familiar with the land rights issue in the 17th century. But I would guess that before that, participants in the free market were pretty satisfied if they felt they got the better deal. Then comes along industry, tools, and invention, all resulting in an increase in an individual's productivity. Bada Bing. You got surplus capital.
We are now at a time where we can clearly see what a capitalistic system operating within a totally free market can do. It looks like to me it's eating it's self.
Capital accumulation no longer goes to increased production. No, we've gotten very smart. Capital accumulation is use to accumulate more capital. sidestepping that messy production thing and all those inconvenient laborers.
I personally see a problem here.I hope you do to.
Originally posted by starseedflower
reply to post by ThirdEyeofHorus
The more you cut spending on people' s welfare in a country, the more people are not going to be able to spend because poor and hence more recession is going to come from it. Interesting enough there is enough money to keep the military industrial war machine in place, bail out the banks, feed the privately owned prisons. It is a vicious circle and people especially from the educated middle class need to speak up and point out the wrongs.
Originally posted by TrueBlood
This country really reminds me of the Roman Empire right before it collapsed on itself. The people couldn't work, most were fed by the Government and nobody really cared about politics. The only thing people did was go to the games and act as if nothing was wrong. It makes you think, if the people actually did something about their oppression, the true Roman Republic may still be around today. But as Rome, I think our people will sit there and suck their thumbs until it all comes crashing down. The questions is, how bad will be the dark age?
Originally posted by CaptChaos
Obviously most of you do not understand the real cause of the problem.
I could explain it, but it would probably just confuse you.
Try the Creature from Jekyll Island for starters, as pointed out above.
Watch the Wizard of Oz and try to understand it.
Originally posted by solongandgoodnight
Originally posted by TrueBlood
This country really reminds me of the Roman Empire right before it collapsed on itself. The people couldn't work, most were fed by the Government and nobody really cared about politics. The only thing people did was go to the games and act as if nothing was wrong. It makes you think, if the people actually did something about their oppression, the true Roman Republic may still be around today. But as Rome, I think our people will sit there and suck their thumbs until it all comes crashing down. The questions is, how bad will be the dark age?
i don't even know why we study history when it's obvious nothing is every truly learned from it. people may disagree with you.........but they would be wrong wouldn't they?
Originally posted by brice
reply to post by leosnake
Don't be confusing the the U.S. voters with facts!
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brice
Originally posted by solongandgoodnight
[i don't even know why we study history when it's obvious nothing is every truly learned from it. people may disagree with you.........but they would be wrong wouldn't they?
Originally posted by rickymouse
reply to post by okyouwin
Tax the hell out of the businesses exporting jobs. Give credits to businesses creating livable wage jobs that people with a high school education and average IQ can do. People living in poverty don't pay taxes because they can't afford to. Service oriented jobs can't afford to pay a livable wage and be competitive. Factory workers creations of things we need can create a real economy along with farm worker jobs. This system isn't working and needs fixing.edit on 28-8-2012 by rickymouse because: (no reason given)