Hey guys, one thing before we start, please keep it civilI know many of you heard of such debates where one side gave his word on Socialismwhile the other side gave the word for Capitalism, so this is a place to share your oppinion.and sorry for any mistakes, as English is far not my main language
Anyways, 3 days ago we had 1st May Day, the day of the workersI wont say where i am from, but i can say that i am from a democratic capitalistic countryand there were a whole lot of people comming out with red flags waving and shouting for socialism.I know many people in here are from USA, and USA education have a tendancy to teach the youththat socialism is in fact evil with no human rights or whatever...Sure both sides got thair ups and downs, but when it comes to "rights" socialism is just asgood as capitalism, just in a different way. So please avoid throwing in false facts.
Soon im planning on traveling to Cuba for like 5+ months, to live in thereto see how its like, to meet new people, to talk to them, to reserch about their lifei mean, one thing is what newspapers tell us, another thing is to interview true socialists.Both my parents are socialists by the way, and with time i find more and more interest in socialism myself.Mainly due the capitalist hostile world i see all around me, with the huge corporations that inslave workersand how my parents are scared as hell to loose thair job, and are rdy to do anything to keep it.Now i never was rich, in fact im more like middle class, but even today i see how my parentsfighting to survive, just so that we wont loose our house, just like many americans did.many blame the crisis but its a different topic, lets stay on this one.i spent some time today reserching the unknown world of socialismi say unknown because i find it difficult to trust media, yet its the only tool i havethrew which i can see the world around me, so i read international news, same news from diffrentpoints of view, and i found this page:http://www.workers.org/ww/2002/cuba0627.php
sure some may say its propoganda, others will shout blinldy against socialismbut i beliave that when people vote, they show the truth, and when i see 9 million cubansthat is out of 11 million cubans (remember there are undaraged childer who cant vote)when i see so many vote for socialism, i must admit, there must be a reason for it.some may say they vote so out of fear, yet if they were scared then they would of avoid voting at all.
I must admit, i think its better to live in a country where i dont have to be scared like shit to end up on the streetjust because my boss dont like my haircut, so he throw me out, i loose my home, and with it everything ales...I also admit that i prefare free health care, so that i know that when the time comes and i will end up with somereally nasty crap going on with me, i can trust my goverment to take care of me without it checking my insurace first.and in case i dont have it, to kick me out of the same door i came in, and to forget about me.
And i must admit, that equality starts with education, and when education is totaly freei know that i dont have to have rich father so that ill be able to register to Harward-like univercity.
Do i prefare to surcifice all the things above just so that ill have a sport car with LCD screens and 3 housesand a super computer? no, i prefare to live a simple life, where i can date a girl without worreing thati dont have a BMW to show her, or without worreing that i cant take her to some expancive restoraunt.a simple life where brands are not the focus of my life and my money, where all people are equal, even if somewhat poor!Thats me, please guys dont attack me because of my views on things, i went threw a lot in my lifeand i can trully say that i dont like capitalism at all.
Open your mind, and share
Sorry, but you do NOT have a true democratic result also and by far.
70m against 60m Votes still wasn't representative of a 100% list of citizenship with rights to choose.
The only way to call the numbers for what they are is to show complete & maximum expression by the population. Participation is a turnout rate (63%, btw). 37% waste is much bigger than a 10m gap between Presidency candidates considering the lazy millions who didn't bother to show up.
As an example, the Québec Referendum on Sovereignty (or as Federalists bluffed it; secession of a Province) in 1995, a record of 94% went to express that extremely important decision; Yes or No. Want the results? 50.6 vs 49.4 (that's a 54,000 margin gap, in fact) with rejected ballots amounting to 86,000 people!
And yet, we still didn't reach 6% of 5,000,00+ voters (300,000 missing in action!)... however, huge money was dumped in publicity scandals by Chretien's Liberals. And sadly, it proved that any results are paid even here.
Cool, isn't it? Even, freezingly skin tight -- to use, consequences rather than *A* valid decision.
This is just my Opinion and I see things a bit different than most, so........
In my Opinion it's not a Socialism vs Capitalism thing or any -ism, -ist, or any other. It is, at the basic level a ME vs WE thing.
The world today and throughout known human history. Humans have had a "ME" mentality about life. From their daily lives to how their Government works and yes even their Religious Views. They anwser questions in terms of "How will that Benifit My family, My city, My state, My country". Go ask someone what the meaning of life is. And see how many of them talk about the Universe and the Vast size of it and how life fits into the bigger Pictue of the Universe. Comparred to the people who talk about the meaning of life with words like "I", "ME", "Mine", ect.... EX: statments like "I am here on earth for..." or "We(humans) are here to serve....." ect...... This thinking is how we have gotten to where we are now, which in my Opinion is a good thing. I think Humans have come a long way from being Nomads to the Thought of a 1 World Nation.
But..........
Now it is time for the "WE" Mentality. Instead of thinking "How will that Benfit Me" we need to starting think "How can I Benifit that ...." If we only think about Feeding ourselves, others will starve, but if we Think about feeding the others, then No One will Starve" Now ask yourself what really is important in Life. That 60in Flat screen TV or a Planet of People, No a Unifited 1 World Nation, where EVERYONE eats and NO ONE Starves? If you say the TV, then stop reading and go watch it, your brain can't comprehend the Bigger Picture so just stay in your small world. Your kind is a dying breed though. The World is Changing, Like it or not
Ahhh yes the World is Changing, We my Friends are at the start of a New AGE. you know llike the "Stone Age" "Bronze Age", yes one of those Ages. 2000 years fom now kids in Histoy class will be learning about this stage in Human Histoy/Evolution of Society and will have name for it. That is the Bigger Pictue of things, you might be one of those people Who is American and thinks America is the Best at Everything and Our way is the best way and "You are Either With Us or Against Us" (Little Bush Quote There hehe), all that is fine but I hate to be the bearer of bad news to you but One day the World will be a One Nation World. no more Isreal and Palastine fighting, No Terrorist to Scare Us, No more Big Corporations. One Day that WILL Happen, Might be 3000 years from now or even 10,000 years but it will. How do I know this? History! That is How. Just look at the Evolutin of Human history, at one Point we Roamed the Country side like the Animals around us. Now looks at us, Live in Tall Buildings and Barly Walk anywhere because Cars are Faster. Use to think that that Red Dot in the Night Sky was a God/Demond now we call it the Planet Mars. O yeah and have sent Robots to it to Explore it. We at one Point in time thought Fireballs coming down fom the Sky was the Wrath of God, Now We call those Metor Showers, and even put them on TV for all to See. It is just a fact of life, eveything Evolves/Changes, nothing stays the same. And in the bigger Picture of things, those Changes are ALWAYS for the BETTER. So don't fight the Change that is taking Place, Embrace it!!!!
Now my personal view on Socialism vs Capitalism is, Instead of a Choice on which of the same Poduct I can buy, I would rather Only have one choice, "The Best One", and put that extra energy of not have to decide which of the same Poduct to buy to a better, more enjoyable activity. Example:..... Instead of choosing bettween 20 diffent mattress to buy I would rather just go pick up my New mattress from the mattress store and since they are all the same and the Best mattress that can be made, I can spend my day doing something else because now I don't have to go to the mattress store and test 20 different makes and models of them. O and buy the Way for all you Capitalism is Best people, Have a Choice in the Same Product is the way to go people, Please understand most Corporations make differnt brands of the same Product, Just Look at Coke and Pepsi. Where is the Choice in Pop/soda? Different Flavors? LOL now that is Choice LOL, go to Wal-Mat and just see how many Different Choices you Really do Have of the same Products. Not Much at all.
Well anyway, Hopefully 1 person gets what I said lol.
P.S. - Yes I know I have Spelling and Grammer Mistakes. Guess what? Who cares? If it bothers you that much then you should get some help because Life is wayyyy to Short to be bothered by Spelling Mistakes.
Lol INTJ420Took me a while to figure out what are you talking about...
Let me summerise all this what you said:
1. People should go from "me" to "we"
2. Then you pointed progress, which i fail to see the connection to the overall reply
3. TV vs people starving all around the world?
4. Then you pointed out that now is the time when big things happan such as big changes all around the world
5. You pointed out the "One Nation World"
6. and you said that your personal view on Socialism vs Capitalism is about buying 1 matress and not 20..
Tell me if im wrong about something...anyways here is my answares:
1. people will never go from "me" to "we", that is why so many people hate socialism/communismbecause in fact it forces them to go from "me" to "we", among some other things as well.
2. Progress will always be here, both with Communism and Capitalismyet i think with communism the progress is much faster (see USSR progress Vs USA Progress during the cold war)*USSR was the first in space(Uri Gagarin), first space walk, first space station (Mir), first sattelite (sputnik)while it all was a major brake thoughs, how many of them we had with USA since USSR fall? almost none...
3. Well you pointed it out in a wierd way but i think i got the pointbut it have nothing to do with people starving, it only effects progressso having 40 inch TVs and having people buying them, will encourage to make a better and larger TVswhile if people wont buy them, then there will be no largerer TVs..
4. One nation world is a good idea but with all the greedy people all over, it will never happen :[Unless a communist country will take over other countrys one by one (without force, mainly with colture)and eventualy the entire world will join (and even that have no 100% succes rate)
5. related to 4
6. To have 1 matress (lets change it to cars shal we?), anyways it is always good to have verietythe problem starts when 1 car is more expancive then another car, which creates frustration and unequalityin USSR we had a whole lots of different cars, but they all had preety much the same price tagand that is i think the right way, the cars were also equaly good, some cars were as work horsesothers were more for off road while others were for comfrtbility* to point out how good the USSR cars were, even today in 2009 there are cars from the time of USSRthey dont brake every 2 months, very stable, and very easy to fix and change partsgood excample is the AK47 automated rifle, the most relible rifle in the world, and its a been a while since it was invented!same as the Souz space rocket, even today they are beein used, because the production is cheapthe construction is simple, and they are safe! (how many times have you heard about a Souz rocket fails and explode?)
Methinks thou dost protest too much.
I'm lazy, not wrong. Since it's too wet to do any work outside today I guess I can torture myself with this connection a little while. I'm not about to go digging through pdf files though. It takes hours to find shit on this connection when one strays into the horrors of pdf.
The Tax Foundation is nice, but they don't give much context in their information. Expenditures should be broken down by type. Defense spending is not social spending, although I'm sure the liberals would like to change that by making employment in the military a workfare program like it is in the UK.
Per capita welfare spending by state. Myth one shot to hell, that's a decidedly blue upper half eh?
Defense spending by state. Yeah, it's uneven, funny thing military bases, they tend to be big and close together for joint operations and shared land use.
So we take the first red state on the list, New Mexico, I'll pretend that it's not a blue state and has been for a while. That whole split party congressional members and democrat governor thingy. $5000 surplus in 2005. New Jersey, the bottom of the dog pile blue state, about a $3200 deficit. NJ gets a little over $800 in defense, NM $3000. The gap shrinks. Then we look at who's running the show in the Senate, where seniority is everything. Dominici has been in since the early 70's, Bingaman since the early 80's. What do you know, them old timers are raking it in at twice the rate they're paying out these days. When only one of them was an old timer, it was only half again. They've got one foot in each party too, so it doesn't matter which side is in power. For poor NJ, Laughtenberg left and then came back in 2003, Corzine was only in since 2001. NJ has never had a 30+ year Senator, let alone two at the same time. Then we look at the House, where one party rules and the other whines about being ignored. Republicans had the majority, republicans did whatever the hell they wanted to in 2005. Which one had the more Republican representation? New Mexico.
Two of the longest running Senators... Nah, that couldn't have anything to do with it, it's them damn rednecks collecting welfare checks! I've been watching it happen for a long time. Anyone from Alaska knows exactly how powerful their representation was when Stevens, Murkowski and Young were all three long standing members with chairmanships. It actually went down when the Democrats took the Senate back(you need a super majority to lock them out for long), and it went through the roof the last several years while the Republicans had both House and Senate. Stevens brought home lots of bacon, the putz. A slightly more justified putz than most, but still a putz.
The best thing is, them itty bitty population states have equal representation in the Senate! When Stevens brings home a billion dollars, it's one hell of a chunk of change for 600k people. When Laughtenberg gets something big in, there are over eight million people packed into the third smallest state in the union, lot of good it does his numbers. Funny how most of the states at the top of the list are low population huh?
If you really want to get picky you adjust for highway spending too. The highway system going through an expansive state like Wyoming, with no one in it, is necessary for the people that live in the states around Wyoming, and a hell of a lot more expensive than the one in New Jersey. Of course, if I were to do that you'd start crapping about how I'm just making excuses because the highway projects include a lot of pork(which supports the claim that the party in power gets more money) and all the construction jobs benefit the states. True, but it still costs more money to carry a national grid across a larger state, and it's not something the state can do anything about short of a revolutionary physics discovery.
Firstly let me say - don't dismiss me because of my user name. I've had it since I was about 14 when I registered on the GalCiv metaverse with it (and actually I'm currently having trouble here because it won't let me register Sins with the same email).
Ok. Lets start by making sure we all know what socialism is. Socialism is any egalitarian society, ie any society which respects and upholds the fundamental equality of all people through all of its institutions. For example, the decision-making process must involve - directly, if they so wish it - all those effected by the decision (democracy in other words). Socialism has never been seen on any large scale because the established oligarchies are too powerful to let it come about, and when the established oligarchies have been successfully brought down in the past - 1917 Russia being the prime example, but also 1780s/90s France - they have been replaced by new oligarchies formed by opportunists manipulating the revolution for their own twisted ends (its worth noting that revolutionaries in the modern day are too aware of past mistakes for that to be repeated) or the revolution has been destroyed by agents of foreign oligarchs worried about threats to their own power - the best examples of this scenario being 1871 Paris and 1936 Barcelona.
Secondly, as Leon Trotsky said (and while he didn't seem to believe it, he was more right than he knew) socialism needs democracy like the Human body needs water - and arguably, democracy is equally dependant on socialism.
Last, but not least, while its true that state-capitalist societies such as those of Cuba and the Soviet Union have significant advantages in some ways over more traditional capitalist societies like America, eg free utilities and healthcare, it can't be overstated that they are not socialist but state-capitalist (ie, the state is run as a corporation, explicitly or otherwise...these particular corporations just happen to have an uncharacteristic focus on employee satisfaction/pacification) - arguably a socialist's worst nightmare.
Conflict increases the rate of technological breakthroughs, its a known fact. Don't matter what the sides are
People today or People 5000 years from now? Kinda dumb to say Humanity 5000 years from now won't evolve to Have a better Society. Evidence of Past Human Histoy Suggest that we Will have a better Society. a Me vs We on a small scale. "ME" says America should not have Nation wide Health Care. "We" Mentality says We should have Nation wide Health Care. Me = bigger than the Cummunity, We = Community is bigger than them.
You are Correct but I pose this........Was it a battle bettween Communism and Capitalism was the other going to win the others Society? Or was is just a Race to the Moon betteen two Countries and it was Propoganda with the whole Communism vs Capitalism? Just a thought..
That is Capitalistic Propagana plain and simple. You do not need two different Companies making the same Product to achive the Best Quality. In fact it Only brings about Greed. Two Companies competing for people with the same products brings non fair behavor and the Justification for it. Watched any of America Economic Problems latley? All because of Greed plain and simple. Welcome to Capitalism at it's finest, Greed eventually takes over.
[quote]
5. related to 4[/quote/
How litte faith you have in Humanity my friend. So you think Humans will always be Greedy? Your saying we will never evolve to be better than we are today? Which in turns means you believe humanity is the same today as it was with our Nomadic ancestors? See any flaw in that thinking? 5000 years from now Humanity will be different and given the evidence of the past Human History we will be better off than we are today. I ask you this........Is humanity better or worst or the same as Humanity 5000 years ago? That includes Society, the Understanding of our Surroundings, and The way we treat one another. So to sit here and say in 5000 years we still won't have free health care in America, hell to even say America will still be here in 5000 years is well that.... "ME" Mentality I was referring to. You Explaination of Life on your own personal level is "How does the World effect Me" The "WE" Mentality relizes the World will be here and continue to be here when they are not. and that the Community is more impotant than the individual. So to say the World will never a 1 Nation is such the smaller Picture of life man.........Open your eyes the Bigger Pictue is more Beautiful.
And that Proves my Point in that you don't need Competion to have a Good Quality Product (an argument for Capitalism)
Matresess or Cars or even can of Pop/Soda it doen't matter what it is. Why not just have the Best and have that the only choice? And again you Do not Need Competiton to have the Best Quality of Product. You need Free thought. Ever try to make something for youself? Do you try to make thing possible given your abilites? where is the Other Competion at? O wow you just made a quality thing without competion. It is Human Nature to improve upon.
If i were to simplify to the least perception over the ME-WE "situations"...
Liberty shared, meaning yours stop where mine start & vice-versa.
So, from that pov... Capitalism encourages the ME while exploiting the WE, Socialism favors the WE while encouraging the ME. But, both have the same flaw; the WE has more to lose than the ME.
Peace, brother.
Correction; state managed Income & Consuming taxes provide costly utitilies and public healthcare (NOT private, btw) to all without distinctions of social status in Québec and Canada. It's called investment in and by the workforce aiming for 0% unemployment rate until collective government spending deficits are cleared.
The idea of greed being eliminated in this world is highly unlikely. The past shows the present. Look throughout history, especially at for example, the nobility. In the game for power, many were murdered. To attain more land, more wealth, countries and people fought and died for. That sounds quite a bit like greed right there. It's a part of how humans- and most, if not all intelligent creatures are. We hoard and desire more to survive, right?
There is always something to desire from another. Another person's total faith, or bravery, or love, for some examples. Envy leads to greed. And as long as we humans have qualities to be desired by others, we'll want to have such qualities, which would count as greed.
because in fact it forces them to go from "me" to "we", among some other things as well.
Interesting discussion.
Just my 2 cents: Socialism and capitalism are both ME systems. With capitalism you are working to benefit those you choose to. With socialism you are using the government to take from other people to give to you.
When I designed The Political Machine, I had to do a lot of research on demographics for every kind of issue. There's a lot of polling data available in the public domain (courtesy of your tax dollars).
One of the interesting things I learned is that those who support socialism and the welfare state tend to be the ones who benefit the most from it. Those who are against it tend to be the ones who least benefit from it.
So it's not a me vs. we issue. It's a me vs. me issue. Just my 2 cents.
You are such a Karma whore, Frogboy.
I'm not gonna read all the discussion . . . .
. . . but I will say that from what I've seen, most complaints about capitalism tend to focus on when it's abused or when a monopoly exists. It seems to work great when it's not abused and plenty of competition exists.
. . . and true socialist startes are kinda rare. In European countries, it just tends to be health care, but not the entire economy. Even in China, they allow some capitalism, even though the vast majority of their economy is state controlled.
The biggest problem with socialism tends to be incredible overhead and poor management of an economy.
I think at the very least we should be well aware of what doesn't work. What Russia did didn't work. They shoved huge amounts of money into cold war programs and they created work environments that didn't encourage people to work hard for their pay.
So there are some things I very much believe are useful to an economy and will defend:
Government control of the economy should, IMHO, be more indirect than direct. Direct control has too many chances to mess up. The government should set up basic principles and ensure things tend towards stability, but not much more.
Yes. To some extent or another, I think it will always be a factor. I do not believe that social progress is quite as predictable as technological progress. In fact, I currently believe that social progress has been going somewhat backwards in recent years with respect to how much we value the lives of others.
Actually, the world seems to have moved away from a "we" mentality and towards an increasingly independent mindset in the past few thousand years. The ancient Egyptions had a very "we" mindset; that's how they were able to construct the pyramids, which are impressive structures even today.
If the trend of the past few thousand years continues, then the next few thousand years may see an even more individual mindset.
But of course the Egyptions still had major problems: Tomb robbery was a major headache. Technological progress was non-existant. Society was extremely conservative to the point where practically nothing changed over thousands of years.
Individualism is actually respinsible for much of our technological and societal progress. The ability to free up ones mind and dare to think differently is what makes all of this change possible.
I would push towards a happy medium, not for one extreme or another. Either extreme can have dangerous consequences.
I find the 'Me versus We', in the context of "How will that Benifit My family, My city, My state, My country" a bit confusing as a premise - the moment you've said 'My Family' you're no longer talking about 'Me' - that *is* a 'We'. The question is how many levels does a person associate 'Helping this person also helps me' versus 'helping this other person does not help me'
Frogboy - I would be interested in where you got the demographic information re: "One of the interesting things I learned is that those who support socialism and the welfare state tend to be the ones who benefit the most from it. Those who are against it tend to be the ones who least benefit from it." - I have seen (But, having just gotten of a 15 hour shift, have no intention of trying to find right now. You can safely assume I'm not firing on all cylinders at the moment.) data that seemed to contradict that, so I'd be curious how it was derived.
Thanks - Jonnan
- hourly pay - or rather a payment scheme that rewards higher effort/ input - is indeed a very effective system to motivate people to work and one great advantage over fixed salaries
- government should meddle if the market cannot reach a publicly acceptable decision. in economics there is something called market failure which describes how a free play of supply and demand need not always result in a good result. now, good result is relative, you may argue that some outcome is efficient, but it may not be socially preferable. however, in some extreme cases, market dynamics would even cause the market to be destroyed altogether, that means even though there may be demand, there will not be any supply. check out for things like information assymetey, external effects, signals, public goods and much more.
bottom line for me here is: free market should be the base model and where we find that it does not produce desirable results, government needs to step in and correct. now when exactly this is the case, that I think is up to the population or for voters.
- lastly: I hope you do realise that free market failed horribly, horribly, horribly in the great depression. ex post, one of the biggest mistakes by the government(s) was to trust in the self-healing, self-corrective powers of the market to restore balance. it didn't and only massive governemnt intervention and the eventual boost in production via world war II finally ended that particular crisis. after all, there is a reason why keynesianism rose just at that point in time.
now, I think another user voiced that two companies producing the same things is waste, right? don't forget though that competition results in better products, whatever their origin. monopolists or in general companies that are not in much competition tend to slack, not work as efficient or be as innovative as they could be. uhm, let's see for examples ... well, in video games I think it shows a bit. think of sports series, you have EA who do more or less all major sports on a yearly basis. what do you think is better for us gamers? if EA is the sole supplier for the genre and can just make do with marginal improvements or if it is under pressure to be better than a rival studio? I remember how the fifa series (soccer) stagnated for a while. then PES came along with an entirely different feel and dominated. then PES stagnated a bit and fifa came back again. such dynamics are just not possible, or at least highly unlikely in a situation without competition.
so, multiple companies doing the same thing is a waste? not at all, because it makes sure everyone is working hard to provide the best solution and be rewarded for it.
This is why I believe in minimal government intervention, not zero government intervention.
You are correct that a zero rule market is not self regulating. There *do* have to be some basic rules set up to ensure it becomes self regulating. Without basic rules, I do not believe believe markets are self-regulating.
So I think there is a role for government: To create market environments. To establish reasonable rules for them to operate under. If something like a major depression happens, maybe it's time to revisit some of the basic ground rules.
But even though I agree with the government having a role in economics - I beleve it should be minimal, not maximal. Sure, they should intervene when things go bad. But they should not interfere with day to day operations when things go well.
ok. minimal just sounded like fairly little intervention, but I guess that is a matter of interpretation. I guess discussing when exactly intervention is appropriate and when not amounts to threadjacking already, so I just leave it at that. set the conditions for the markets and intervene in a) special times of crisis and b ) in certain cases where privates would not provide (sufficient) coverage and quality.
Comin' from a successful private corporation CEO, i didn't expect any less of an opinion.
No matter in which "society" or state managed principles, personal ambitions will always take precedence over a variable amount of *we*, specially when survival is at stake.
Although, Capitali$m screws up that reasoning to favor some individuals at whatever the cost for the *we*.
As did the USA. Many times over, to subdue and control for THEIR own interest.
Not so, says University X and any education systems worth their salt in classrooms monitoring for the best & the rest.
The genome decoding wasn't done by ONE person.
Assembly lines for cars, mass-production... all of which needed associative workforce.
Did you happen to attend an education system worth it's salt?
Individualism, as opposed to collectivism. A self deterministic society where people choose for themselves what they want to do with their life. They make choices based on their own goals, with their own existence paramount. The lionshare of scientific progress, including genome decoding, has been done by individuals that decided on their career choice themselves and took the steps to get there. Not many of them were given their roles by society, or work without self interest.
Collectivism is the communist utopia we can't seem to find. It has jack diddly to do with elective cooperation for mutual benefit.
Wrong, as already stated, the fractional reserve banking system and free market capitalism are two entirely different things.
Ignore your highschool education on the depression, you should probably ignore your college education on it too, but occasionally someone intelligent becomes a professor. Keynes himself didn't even say what's being taught, and he was wrong to begin with. He gave an either or, either run deficits to increase government spending, or cut taxes and maintain government spending. After it didn't work, and it didn't, they decided the problem was that idiot FDR just didn't spend enough. The real problem is you can't spend money that doesn't exist.
The great depression was caused by debt. When a stock market falls, nothing happens. Production is entirely irrelevant to investments. The company already has the capital from the stock, the stock itself isn't being spent on anything. The crash wiped out the global economy because no one actually owned the stock they had, most of it was bought on margins, the banks "owned" the stock. In a world not run by crazy people, the banks would then have lost a significant percentage of their capital. Bad, but not the end of the world, life would go on. With the fractional reserve system, they lost more money than they had. We came out of it because WW2 got rid of the debt, not because we spent a bunch of money. People lived in a more frugal manner well below the levels they were producing, instead of above as they had during the 20's.
It's probably a necessary evil, but it's a horribly flawed system. Seasonal bank runs really bite.
I sure wouldn't have a keyboard to type with if it hasn't been for participation by others.
There's a thin line between egocentric isolation and asocial behavior that nobody smart enough would try crossing in public.
You're as dependant as anyone to everyone.
No - and by far -- it was a result of individual ambitions.
It's ok, I'll chalk this one up as part of the language barrier.
Go find the definition for individualism and see where you've gone wrong. You have a keyboard because you worked and bought a keyboard. The keyboard exists because other people worked to buy things themselves. Unless your keyboard was built and obtained in the non-existent communist utopia that never was, your keyboard is the product of individualism.
Psychoak - that post ignored so much economic history it's pointless to try and unravel it.
There is a great conservative mantra that merely gaining an education doesn't a person smart, which is rather like saying that using a ladder doesn't make a person tall. Technically true, but has no practical application to the fact that, regardless of how tall one is, climbing a ladder enables one to reach heights not otherwise attainable.
I suggest you find a college economics, ah . . . ladder, and start climbing.
- Jonnan
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