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Old 01-05-2018, 11:19 AM
 
26,208 posts, read 8,923,108 times
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Quote:
Originally Posted by pknopp View Post
It is not I that needs to understand the definition and you clearly explain why. Socialism is not a program designed to only go in one direction even though generally that is what we see. Taking from anyone to give to another is socialism. Up, down, it doesn't matter.
A pirate would fit that definition too. Arrr...Arrr, Shiver me timbers.
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Old 01-05-2018, 11:19 AM
 
12,229 posts, read 3,151,985 times
Reputation: 1516
Quote:
Originally Posted by pknopp View Post
How is it right that those who saved should have to get nothing to bail out those who were in debt? How is that not socialism? One group bailing out another?
Not right but not socialism either, or where do we find this curious definition of socialism as "one group bailing out another?"

Seems we really do need to review the actual definition of socialism...

Even the loans to the auto industry manufacturers when they were on the brink of failure was not socialism.

You're mixing apples with spiked orange juice here...
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Old 01-05-2018, 11:22 AM
 
77,906 posts, read 33,252,383 times
Reputation: 15575
Quote:
Originally Posted by Freak80 View Post
If itís socialism, itís socialism for the rich (specifically bankers). The freshly printed money went to private banks to loan out at interest. It didnít go to poor people.
Absolutely. I've never argued otherwise. We have the numbers and it is clear that under this program, the rich got richer, the middle stagnated and the poor fell further behind.

Nobody worked for the trillions the Fed printed.
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Old 01-05-2018, 11:23 AM
 
77,906 posts, read 33,252,383 times
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Quote:
Originally Posted by phma View Post
A pirate would fit that definition too. Arrr...Arrr, Shiver me timbers.
Probably appropriate. It has long been noted that classical Piracy was a socialist system.
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Old 01-05-2018, 11:24 AM
 
12,229 posts, read 3,151,985 times
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Quote:
Originally Posted by Freak80 View Post
If itís socialism, itís socialism for the rich (specifically bankers). The freshly printed money went to private banks to loan out at interest. It didnít go to poor people.
The chuckles just keep coming!

Socialism "for the rich" is like the yacht club for the poor! Does not exist. Does not compute!
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Old 01-05-2018, 11:26 AM
 
77,906 posts, read 33,252,383 times
Reputation: 15575
Quote:
Originally Posted by LearnMe View Post
Not right but not socialism either, or where do we find this curious definition of socialism as "one group bailing out another?"

Seems we really do need to review the actual definition of socialism...

Even the loans to the auto industry manufacturers when they were on the brink of failure was not socialism.

You're mixing apples with spiked orange juice here...
Call it what you wish but yet in the end you agree with me. It was wrong. It seems this is the way many arguments end up.

Tell me, where in Capitalism do we find the part where the government steps in and bails people out of bad financial transactions?
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Old 01-05-2018, 11:31 AM
 
12,229 posts, read 3,151,985 times
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Quote:
Originally Posted by pknopp View Post
Probably appropriate. It has long been noted that classical Piracy was a socialist system.
Aye aye matey!

"Classical Piracy was a socialist system?" Shiver me timbers! Seriously?

I usually dabble in this thread a bit in the mornings until I am reminded about how time is valuable and/or the comments veer off the deep end. On both counts it seems that time has come for me. Thanks for the reminder!
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Old 01-05-2018, 11:35 AM
 
77,906 posts, read 33,252,383 times
Reputation: 15575
Quote:
Originally Posted by LearnMe View Post
Aye aye matey!

"Classical Piracy was a socialist system?" Shiver me timbers! Seriously?

I usually dabble in this thread a bit in the mornings until I am reminded about how time is valuable and/or the comments veer off the deep end. On both counts it seems that time has come for me. Thanks for the reminder!
Pirates shared everything. What do you call that?
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Old 01-05-2018, 11:41 AM
 
12,229 posts, read 3,151,985 times
Reputation: 1516
Quote:
Originally Posted by pknopp View Post
Call it what you wish but yet in the end you agree with me. It was wrong. It seems this is the way many arguments end up.

Tell me, where in Capitalism do we find the part where the government steps in and bails people out of bad financial transactions?
PK..., I love where your heart is, but simply to agree about what is right or wrong is one thing. Describing those wrongs as socialism, capitalism or cannibalism is quite another! Surely we agree about that, right?

If you want to find how or where the likes are found in the definition of capitalism and/or socialism, you will be looking to the end of days, and again, I've not got that kind of time to waste. This, however, doesn't mean that QE is socialism or that piracy is socialism. Confusing all that just confirms a lack of understanding about what those political and economic theories mean (and no doubt insulting to those who promote those theories).

Yes, call it what you wish if using the correct terms doesn't matter to you, but for me that sort of thing does matter when trying to make sense of what is going on politically and/or economically.

Otherwise, if you are saying it's a free country and you can call an elephant whatever you like regardless what a zoologist thinks otherwise, well okay. Yes, it is a free country and there is no law against not making sense...
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Old 01-05-2018, 11:42 AM
 
26,208 posts, read 8,923,108 times
Reputation: 9120
Quote:
Originally Posted by pknopp View Post
Pirates shared everything. What do you call that?
No they didn't.

They killed each other for what they stole for someone else. Pirates buried their treasure to keep other pirates from taking it from them.

They weren't socialist by any means.


Blackbeard: History of the Dreaded Pirate
In his deposition, Herriot claims that Blackbeard intentionally grounded Queen Anne's Revenge and Adventure in order to break up the company, which by this time had grown to over 300 pirates. Intentional or not, that is what happened as Blackbeard marooned some pirates and left Beaufort with a hand picked crew and most of the valuable plunder.

https://www.qaronline.org/history/blackbeard
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