FDR's Ghost to save USA!!!

[Hypatia1]

Re: FDR's Ghost to save USA!!!

I agree with BiscayneSunrise's position that some controls are necessary, but in a nation where 60%+ of the population receives some type of governmental assistance where is the line drawn?

I don't know where to draw the line, but like my government assistance:

• Public Education & Libraries (most books are not censored!)
• Reliable (mostly) transportation Infrastructure
• Respectful (mostly) law enforcement
• Civilian lead (so far) military
• Future social security payments large enough for my wife an I to enjoy at least one meal of cat food on crackers every day!

[c1ue]

Re: FDR's Ghost to save USA!!!

As was effectively pointed out by Marx - capitalism sows the seeds of its own failure.

This is because the greatest enemy of capitalism is not socialism, it is the greedy monopolist.

Just like humans broke out of the animal mold and started whacking everything else out, so too do oligarchs and monopolists break out of the economic competition mold and start sticking it to the rest of us.

Nothing new to see here. Move on.

[jtabeb]

Re: FDR's Ghost to save USA!!!

As was effectively pointed out by Marx - capitalism sows the seeds of its own failure.

This is because the greatest enemy of capitalism is not socialism, it is the greedy monopolist.

Which is precisely why you need to have just enough government oversight and regulation to keep things from going postal.

[Guest]

Re: FDR's Ghost to save USA!!!

but capitalism did fail in many other countries. you forget fdr's contemporaries at the time...



this guy was financed by usa and brit bankers. no kidding.



this guy, too.



this guy came from one of the families that have run china for 500 years and still do.



another swell guy who jumped on the "capitalism sucks" bandwagon.

ok, now what were you saying about fdr? had a better plan for the usa than these guys had for their countries, no?

nothing like an inflationary train wreck to take down a perfectly good capitalist system. you're seeing it happen on the margins all over the world today with export bans to help keep food affordable.

i'm starting to think ej's $300 oil world where tech and venture capitalsits save the day is a pipe dream. off to kunster's site for a dose of doom i go!

Wasn't it the failure of GOVERNMENT in post WW1 Germany and not capitalism that led to the Nazis? They're the ones who printed the money to escape their reparation debts, not the capitalists. Or is that your point?

I'm probably in the minority here in thinking that when you have a pretty darn great closed loop system for an economy, you should probably think very carefully about trading with other nations. There are unintended consequences of globalism that we still do not fully seem to understand. I find it ironic that we are for "free trade" with completely unfree nations. There's bound to be problems erupting when you're playing by one set of rules and the others are making their own rules.

[Guest]

Re: FDR's Ghost to save USA!!!

Capitalism, dashed upon the rocks of Marxist wisdom:

GROUCHOS_WISDOM_02.jpg

[c1ue]

Re: FDR's Ghost to save USA!!!

Wasn't it the failure of GOVERNMENT in post WW1 Germany and not capitalism that led to the Nazis? They're the ones who printed the money to escape their reparation debts, not the capitalists. Or is that your point?

Bruce,

It was government, but not Germany's government.

Again going back to Dr. Hudson's book: Super Imperialism, the Economic Policy of American Empire, Dr. Hudson lays out a very strong argument that the WWI debts which United States forced France and Britain to repay (war debts which in the past were ignored and/or forgiven) in turn forced these nations to punish Germany with massive war reparations.

The repayment of this massive war debt in turn eventually forced the Weimar government into a currency devaluation spiral which quickly got out of control.

Therefore though Hitler's rise was by no means guaranteed, the circumstances which gave rise to widespread suffering in Germany (and which in turn historically have been the fuel for revolutions a la 1917), were guaranteed to happen.

Read the book, either the first or updated version.

The point of course is that the US debt was not imposed from without but rather voluntarily undertaken. But it is massive debt all the same and arguably came as a result of corruption of the delicate balance of "true capitalism".