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Old 03-10-2015, 07:11 PM
 
Location: Oregon, formerly Texas
5,584 posts, read 3,968,915 times
Reputation: 9570

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Quote:
Originally Posted by rruff View Post
It's human nature for those with insatiable greed and a lust for power to do whatever it takes to sit atop the pyramid. Small tribal communities have a very different dynamic than large civilizations.

Consumer-capitalism just happens to have the most successful since the industrial revolution began. This is a great thing for most of us because it results in a symbiotic relationship where wealth is concerned, and also supports democracy and human rights. The only reason why it has "failed" most people in the US over the last few decades is because the rich are using globalization to drain capital from developed countries in order to rapidly develop poorer ones, and of course get richer in the process.

But when highly sophisticated robotics are developed, consumer-capitalism will also be dead. I fear democracy and human rights will be old-fashioned as well.
I wonder what will happen if China becomes the dominant economic player. They don't exactly have free market capitalism - they call themselves "communist" but in reality they have a kind of fascist economic and political system
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Old 03-10-2015, 08:54 PM
 
Location: Ruidoso, NM
5,436 posts, read 5,285,380 times
Reputation: 4497
Quote:
Originally Posted by redguard57 View Post
I wonder what will happen if China becomes the dominant economic player. They don't exactly have free market capitalism - they call themselves "communist" but in reality they have a kind of fascist economic and political system
The US has basically turned into the same thing. The correct name is oligarchy I believe. Both use the consumer-capitalist model, but China is still heavily in the export-led phase. There is a great deal of cooperation among the world's oligarchs for the time being, because they've all gotten rich from globalization. I expect that cooperation to continue for a good while yet, until robotic tech is mature.

Nation centered anything is becoming more of sham all the time. The power is where the money and control are.
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Old 03-17-2015, 06:04 PM
 
383 posts, read 241,665 times
Reputation: 1021
The USA political system has given us...

18 trillion dollars in debt in the USA.
Paying interest on our own money to the Federal Reserve.
Having 1% of the population getting exceedingly rich while the rest of us work our butts off.
Working from January to April just to pay fees and taxes to our government.
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Old 03-17-2015, 07:20 PM
 
62 posts, read 55,147 times
Reputation: 88
Quote:
Originally Posted by slowdude222 View Post
The USA political system has given us...

18 trillion dollars in debt in the USA.
Paying interest on our own money to the Federal Reserve.
Having 1% of the population getting exceedingly rich while the rest of us work our butts off.
Working from January to April just to pay fees and taxes to our government.
The sooner the whole thing collapses, the better. It's time to start over.
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Old 03-21-2015, 09:57 AM
 
Location: Central Maine
2,867 posts, read 3,064,332 times
Reputation: 3984
You mean like socialism failed. Maybe capitalism was stymied by those who wanted it to fail. We shouldn't bring socialism in as a solution.
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Old 03-21-2015, 12:39 PM
 
7,846 posts, read 5,428,484 times
Reputation: 4025
Quote:
Originally Posted by slowdude222 View Post
The USA political system has given us...

18 trillion dollars in debt in the USA.
Paying interest on our own money to the Federal Reserve.
Having 1% of the population getting exceedingly rich while the rest of us work our butts off.
Working from January to April just to pay fees and taxes to our government.
So, it has given us $18 trillion in money creation and interest that is not "paid" by taxpayers (it is serviced the same way all Federal spending is).

1% of the population exceedingly rich is based off neoliberal theories executed as upward wealth redistribution.

You pay taxes because you are required to produce instead of hoard. Get over it.
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Old 03-22-2015, 09:14 PM
 
383 posts, read 241,665 times
Reputation: 1021
Who pays the interest to the Federal Reserve? taxpayers...it is our currency, why do we pay interest on OUR money supply?
There has not been any wealth distribution. Part-time jobs and outsourcing.
$18 trillion and growing debt...poor economics to be in debt and you cannot ever pay it back.
I pay high taxes because of the government has not learned how to manage a budget.

Only a fool believes that 18 trillion in debt since 1971 is positive.
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Old 03-22-2015, 10:24 PM
 
Location: Ruidoso, NM
5,436 posts, read 5,285,380 times
Reputation: 4497
Quote:
Originally Posted by slowdude222 View Post
I pay high taxes because of the government has not learned how to manage a budget.
Sanity check. Fiscal debt is accumulated because the government doesn't collect enough in taxes, not because they collect too much.

The US can always pay the interest on the debt, whatever it is. There is zero real worry about that.

Quote:
Only a fool believes that 18 trillion in debt since 1971 is positive.
I agree, though not in the way you think. All else being equal the US consumer would be much better off if it had been 25-30 trillion.
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Old 03-23-2015, 01:57 AM
 
1,198 posts, read 1,601,820 times
Reputation: 779
Quote:
Originally Posted by rruff View Post
Sanity check. Fiscal debt is accumulated because the government doesn't collect enough in taxes, not because they collect too much.

The US can always pay the interest on the debt, whatever it is. There is zero real worry about that.



I agree, though not in the way you think. All else being equal the US consumer would be much better off if it had been 25-30 trillion.
Actually, fiscal debt is accumulated because they spend more than they collect. The "amount" of taxes is irrelevant. It's: Revenue-Expenses=_______.
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Old 03-25-2015, 09:04 AM
 
12,931 posts, read 7,183,565 times
Reputation: 14274
Quote:
America redistributes its wealth far less than other developed countries.

Read more: Charts On US Inequality - Business Insider
It redistributes plenty of my "wealth" and I'm far from a one percenter.
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