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Actually this discussion kind of proves my point. Paranoia, suggesting the tiniest concession given to employees means your a socialist in some people's eyes. A mostly Capitalistic blend is best in my opinion. But I'm not a fan of completely unregulated capitalism . I would rather not have another version of the robber barons emerging again.
Big government statists like you will always reject it, preferring instead to have government run your lives for you. Fortunately there are enough people here who are willing to trust the running of their lives to themselves, rather than government, that we have been able to avoid the ills that befall such places as North Korea, Venezuela, Zimbabwe, and the like.
There's quite a broad spectrum between "government control" of the economy and unbridled markets where you let the chips fall where they may.
Ie: in Denmark it is easier to start a business than in the U.S., considerably so, yet somehow they manage to provide their people with decent health care.
It is indeed possible to manage capitalism better than we do. We go to such great pains not to be "socialist" in the U.S. that we make businesses do things they really shouldn't, like a matching payroll tax payment toward employee retirement or financing their employee's health care. Other countries manage those things apart from business regulation and deal with them as matters of public policy, which is how it should be. Businesses should be focused on business, not trying to manage health care, retirement, etc...
This thread is the height of irony. First, Trump supporters revel in glee that he has done a great job with the economy. Then, anyone with a brain explains that nothing that ANY POTUS or Congress does results in such swift action.
Finally, the gleeful revellers are confronted with the fact that it is STILL Obama's economy they are living in.
Involvement in Carrier deal - socialism.
Trump promising health care for everyone - socialism.
Giant GOP stimulus/infrastructure plan - socialism.
Begging government to bring back coal mining jobs that even the energy providers do not want - socialism.
Border adjustment tax to subsidize US manufacturing - socialism.
Forging a military and diplomatic alliance with the KGB officer who runs Russia? Hmmmm!
All we need is government to have ownership in production and, viola, Trump has brought us Socialism - with a capital 'S".
Here is a question for those who believe that +3-4% GDP is attainable today in the USA. What was fundamentally different the last time we saw annual GDP growth in that range?
Answer: Population growth was double what it is today, meaning household formation and consumer demand was much, much higher. And the population was much younger.
Now if we could only get everyone to spend twice as much. LOL
LOL! Capitalism is a theoretical economic model. In brief, it is a model that posits and worships the primacy of capital and capital accumulation in economic affairs. Freedom is on a different spectrum entirely, one that does not of any necessity even intersect with capitalism. The same can and should be said of markets. These are not aspects of capitalism either.
Quote:
Originally Posted by TaxPhd
Big government statists like you will always reject it, preferring instead to have government run your lives for you.
Marlboro Men imagine themselves to be wild stallions running proud and free across the golden sunlit and of course unfenced prairie. It's become a rather common even if rather childish delusion these days.
Quote:
Originally Posted by TaxPhd
Fortunately there are enough people here who are willing to trust the running of their lives to themselves, rather than government, that we have been able to avoid the ills that befall such places as North Korea, Venezuela, Zimbabwe, and the like.
Hmmm. Godwin's Law works in strange and mysterious but still quite predictable ways. Especially among those who have little inkling of or insight into the actual history of many places, but certainly that of places like Venezuela and Zimbabwe. The latter for instance is widely rumored in some quarters to have experienced rapid inflation due to excessive printing of its national currency. Even a casual look into the matter would have revealed this notion to be total economic hooey, but those in the subject quarters too rarely undertake such strenuous individual efforts as even a casual look into things. That's just the way of the world these days.
The same, although many (maybe even most) small business owners I work with are very hopeful about getting some long overdue tax and healthcare reform that is actually business friendly. The GOP and Trump have done very little to affect the economy so far.
Generally has been good. Interestingly, very good for truck drivers, who everyone thought are an endangered trade. Not so good for Engineering, which everyone thought would revive due to crackdown on visa abuse.
Wondering how it is in your neck of the wood since Trump ran, won, got inaugurated . . .
I had written "I'm in the North East around NYC. I see a lot less shoppers and shopping bags than usual in the malls for this time of the year. Of course that can be attributed to other factors, including great weather this summer here.
I see lots and lots of unsold inventories in garden shops and nurseries, even though I am told that they ordered about the same amount of stock as last year.
Grocery stores are beating each other silly with discounts even though there are basically just 2 major players in the area."
Seems still true. There is more optimism and people who (I think) couldn't have cared about autoworkers in the Central Time Zone two years ago now think it's the right thing that those jobs are coming back.
I can't speak for the entire country but you didn't ask that either. I will say, here in AR our unemployment rate is almost non existing. Until yesterday the stock market was doing really well also. I would have to say the economy so far isn't doing too badly at this time. The stock market situation will clear itself up I am guessing.
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