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Like I said before capitalism is not perfect. I wholly disagree with your proposition about Iraq. Suffice it to say it is just a naive perspective.
You deny that we are paying far more for inefficient no bid contracts to private war profiteers, then we would if the government used military members to do the work? I think it is you who is naive.
Quote:
Originally Posted by janelle144
Show me one example of socialism or communism that outperformed capitalism. There never has been one. Capitalism has always been the best economic system for all concerned; the wealthy, the middle class, and the poor. Remember the poor in America are wealthy in comparison to the poverty in most third world countries.
1. How do you define "outperformed"?
2. The poor in America are largely subsidized to achieve a minimum standard of living by our huge socialist safety nets. In reality if they werent, we would have shanty towns on the scale of any great third world country. YOU must remember that the cost of living is also far lower in third world countries, which makes everything relative, which makes the GINI index so important.
Pick random years, use different standards and make sure it's from wiki. That's the "standard". Not surprisingly these people would have a hard time connecting the prosperity of China and capitalism. No way China's standard of living or any other countries for that matter have been influenced by capitalism.
Pick random years, use different standards and make sure it's from wiki. That's the "standard". Not surprisingly these people would have a hard time connecting the prosperity of China and capitalism. No way China's standard of living or any other countries for that matter have been influenced by capitalism.
The last time I was in China was about 4 yrs ago...Beijing, Shanghai, and Dalein are all more PURELY capitalistic than we are in the USA...They have major problems with nearly all social issues----from workers comp, pollution, and more.
The last time I was in Russia--about 6 yrs ago--the Russian people refused to embrace capitalism--and they were suffering terribly because of it--they are too dishonest and thieves to develop a vibrant economy.
Milton in his own words about Keynesian. He was an admirer. A free market and the federal reserves control are different things to him. In the above link he explains the GD.
First of all, alow me to say that the video was very good! I see Thomas Sowell hasn't changed a bit. Friedman was a brilliant man who reallyn encouraged critical thinking in the econominc circles. I believe "most" Monetarist today call themselves New Keynesians.
I think the sadest feeling that I had about watching the video is WTF happened with honest discussions/debate in this country when it omes to such topics. We are in a different time now and I would like it if you would watch a video of which I happen to agree with MUCH but not ALL of what is said. Its a four part, but its shorter than the free to choose video. It's very critical of Obama in many ways so I'm sure you'll enjoy that aspect. The Real News Network - Episode
Quote:
Originally Posted by BigJon3475
Nobel prize winner Paul Krugman explains, "In 1968 in one of the decisive intellectual achievements of postwar economics, Friedman not only showed why the apparent tradeoff embodied in the idea of the Phillips curve was wrong; he also predicted the emergence of combined inflation and high unemployment...dubbed ‘stagflation.†Paul Krugman, [Peddling prosperity: economic sense ... - Google Book SearchPeddling Prosperity: Economic Sense and Nonsense in an Age of Diminished Expectations (1995) p 43 online]
Yes Krugman had great respect for Milton Friedman, even though they dis agree. Wish it was like that in more circles. How great would it be to have a panel like the Friedman piece, with panelist as Keynes, Krugman, Friedman, and Sowell having and honest and respectful debate.
Quote:
Originally Posted by BigJon3475
Milton advocates the government being more of a point guard than a strong forward. One who assist.
I believe that the goals on the right and left are very close to the same. The left really does NOT want to create a nanny state. Its just political rhetoric that says it does.
The last time I was in China was about 4 yrs ago...Beijing, Shanghai, and Dalein are all more PURELY capitalistic than we are in the USA...They have major problems with nearly all social issues----from workers comp, pollution, and more.
The last time I was in Russia--about 6 yrs ago--the Russian people refused to embrace capitalism--and they were suffering terribly because of it--they are too dishonest and thieves to develop a vibrant economy.
You're right. In Hong Kong it is very vibrant but it also has a fairly chaotic "looking" system. But the power of capitalism is quite clear in those cities and it's ability to bring goods to people at affordable prices for every class of people and the better the ideas the higher wages they can require for their services. Pollution was horrible, and there wasn't much social structure.
This should be played in every public school from 8th or 9th grade, going forward. Milton Freedman lays out a case here so clear cut and articulate, and you won't have a Socialist attempt to refute this argument. It's not possible.
public schools in themselves are an evil listen to milton freeman lecture at the commonwealth club on voucher system.
I think the saddest feeling that I had about watching the video is WTF happened with honest discussions/debate in this country when it comes to such topics.
We've had a money shield around us for a few decades. These conversations were brought up in the early 80's. It was after an abject poverty had formed in the people. If we go through many years of similar conditions the people will be interested in serious topics again. We've been commercially programmed to American Idol it, at least for a while.
Randomdude, what set of economic metrics would you like to use to measure performance of a system? Pick some....I'll research them for you.
Good thing "economic metrics" were never specified.....It was simply stated that capitalism "outperforms" any socialist system. If we measure "performance" by, say, overall happiness of the population, the top rungs of that list are populated almost exclusively by heavily socialized nations.
Or, what if we measured it by quality of healthcare? quality of enviroment? overall standard of living? Distribution of wealth?
The only thing capitalism is good for is increasing productivity, and accumulating wealth.
Pick random years, use different standards and make sure it's from wiki. That's the "standard". Not surprisingly these people would have a hard time connecting the prosperity of China and capitalism. No way China's standard of living or any other countries for that matter have been influenced by capitalism.
The infancy of Capitalism is a great thing, I have stated as much. This is the period of time when most people are on equal footings. This is equivalent to what the US was in the early to mid 1800's. Capitalism serves great purposes to a point, when that point is crossed, the point where many industries have turned in to oligarchies and monopolies, and the capital has accumulated in the hands of a few, it serves no more then a means of economic slavery. The US crossed this line in the mid 1980's, and China will see that point somewhere in the mid to late century, when their factories have abandoned them for cheaper labor, and capitalism is no longer lifting them out of poverty, but keeping them in it.
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