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So more or less this is my take away from this thread. Some Republicans think Adam Smith and Ricardo were communists.
No surprise. When I quote Adam Smith they think its Marx.
Anti big business commie?
To widen the market and to narrow the competition, is always the interest of the dealers…The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even oppress the public, and who accordingly have, upon many occasions, both deceived and oppressed it.
Great way to reduce cronyism and promote free trade/competition.
This is anti monopoly/oligarchy, not anti big business. And it is advocating good regulation in order to maintain capitalist diversity and prevent corruption.
Anyone who thinks this is communism is an idiot (and probably get his "knowledge" of economics from Rush Limbaugh)
So you took just this example. You didn't see the anti socialist melt down as I kept quoting Adam Smith and Ricardo?
How can I take most of you seriously?
I have commie leftists that cannot figure out how or why labor being mixed in with a commodity still must be considered. Every one is equally impoverished but since their are no monopolies their goal is achieved.
I have rentier royalists who cannot seem to figure out the they may receive remuneration from their property guaranteed to them by the state and not just their labor and capital . Adam Smith, Ricardo and JS Mill essentially say , it is confounded, or may be thought , and so one which is a nice way of saying most people are idiots, babbling nonsense about economics.
The rent of land, it may be thought, is frequently no more than a reasonable profit or interest for the stock laid out by the landlord upon its improvement. This, no doubt, may be partly the case upon some occasions; for it can scarce ever be more than partly the case. The landlord demands a rent even for unimproved land, and the supposed interest or profit upon the expence of improvement is generally an addition to this original rent. Those improvements, besides, are not always made by the stock of the landlord, but sometimes by that of the tenant. When the lease comes to be renewed, however, the landlord commonly demands the same augmentation of rent, as if they had been all made by his own.
Now I may not be a single tax Georgist where I think all rent must be extracted by the state. However it is the legitimate source of revenue toward the state, unlike income and sales taxes. Taxing passive wealth actually drives industry , all while the babbling idiot Republicans cannot be instructed. If you tax a land owner who loafs around all day then they must either work it or sell. Classic example of the Sinclair family in Hawaii who whined that they actually had to start a tourist industry to pay their taxes .
What's it gonna take to stop the hallucinations from both the right and the left?
Great way to reduce cronyism and promote free trade/competition.
Great, but as usual the neoclassical goon squads love to cherry pick on trade. BTW Adam Smith's trade theory did not include the problem of race to the bottom which could not happen in absolute advantage . In manufacture and comparative advantage it can rear its ugly head.
By means of glasses, hotbeds, and hotwalls, very good grapes can be raised in Scotland, and very good wine too can be made of them at about thirty times the expense for which at least equally good can be brought from foreign countries.
By means of prison labor , smog(dumping externalities on peasants), and mercantilist tactics , very good manufacture too can be made at about 1/4 the expense .
Probably when I realized they were earning more than I.
More seriously, I have a great deal of empathy for them. I am not the one inviting hordes of illegal cheap labor to shrink their wages and take their jobs.
I'm not opposed to immigration reform. I am opposed to seven rich people running the country. According to right wing ideology this is moral.
Great, but as usual the neoclassical goon squads love to cherry pick on trade. BTW Adam Smith's trade theory did not include the problem of race to the bottom which could not happen in absolute advantage . In manufacture and comparative advantage it can rear its ugly head.
By means of glasses, hotbeds, and hotwalls, very good grapes can be raised in Scotland, and very good wine too can be made of them at about thirty times the expense for which at least equally good can be brought from foreign countries.
By means of prison labor , smog(dumping externalities on peasants), and mercantilist tactics , very good manufacture too can be made at about 1/4 the expense .
What's an example of race to the bottom?
You think prison labor can compete with capitalists? Think again.
Then you agree that income tax and most sales taxes should be abolished for fees, tolls and LVT taxes? You agree that people should be able to build tax free but merely pay for the resource they use?
I didn't say that.
Taxes should not be used for massive redistribution to others. A true safety net - OK. Long term redistribution - no.
If you read through the thread you would see that it is consistently defined by actual socialists. It is the means of production being democratically controlled. Socialism has nothing to do with governments or welfare programs those are all right wing propaganda lies.
Let me go back to this.
I want to start a company. What's the process in the world of socialism?
You think prison labor can compete with capitalists? Think again.
Again with the hallucinations...there is a reason why slavery existed thought most of human history, and there is a reason why Walmart is full of Chinese goods. We are not capitalists and we cannot compete with slave labor with rentier overhead.
Yes the freeman eventually created capital to exceed the productivity of slave labor but it take time and they have themselves not be enslaved by rentiers
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