Yale Professor: 'Capitalism Has Reached the End of Its Rope’

Big government is what we are going to get regardless of the party that is in power. Both parties are controlled by the same corporate oligarchy above them and are merely tools to be used to forward a big government for big business agenda.

Supranational corporations want a bigger government because the government works for them and the bigger government is, the more they can use it to steer US tax payer dollars into their own hands, to squash small market competition with stifling regulatory rules, to use the might of the US military to secure it's access to foreign markets, and to maintain their position of control.

 

We have had this argument before.

The key to success is taking over the Republican Party by the Tea Party and other groups of like mind.

Why build a brand new bus frame scratch when all you really have to do in take over the drivers seat of one that already exists now?

 

It is socialism that has reached the end of its rope. Socialism ideology is why the EU is broke...hell it is why we are broke.

 

You can't afford the gas to drive that bus...

 

If you can name ONE European country, apart from Albania, which has declared itself as socialist I'll send you £100.

 

They all have....

 

The more revealing answer to the querie about European socialist nations would be to list those that are not socialist. I think you'll have a hard time coming up with just one. You certianly won't find any capitalist nation in Europe, thus, the reason why none of them could ever come close to our American role model and epitome of a capitalist nation.

 

Capitalism probably wasn't a bad deal for a while. Now, the capitalists feel they are entitled to everything I earn plus some. If they can't squeeze it out of me at the cash register, they do it by hiring congressmen and lobbyists.

 

EU countries are for the most part economically capitalistic countries with a socialist outlook, by having property rights and a capitalistic concept of private ownership on one hand and an extremely generous social security system and a socialist approach to solving the society's problems on the other.

That is what I mean by the EU having socialist policies. They had them a long time before the USA ever did...now we are catching up with them on that front. This is why we are all going broke.

None of the countries are totally capitalist including the US...but the more countries adopt socialist policies the more broke then become.

 

Regulation was minimal until the turn of the 20th Century. We saw the results. We didn't like the results.

 

Really? You'll have to try a lot harder if you want that prize.

 

This is complete nonsense. Which are the non-capitalist European nations? The prize is still up for grabs...

 

Because the liberal ignored the response the first time.... and we know why.

 

From where I am, 'socialism' is political control by the people who do the work: the forms are variable. Americans tend to use it in terms of 'control by the state', as if Ancient Egypt had been socialist.

 

The basic definition of socialism is an economic system in which the state controls or regulates the means of production and distribution.

A state police force, fire brigade, public works, etc., are all socialist based entities. The real issue is how to balance the state with private business without one so dominating the other that the system ceases to work for all.

 

The typical definition of socialism is where the workers control the means of production and distribution of goods and services. That is not prohibited under capitalism but the drawback is that the workers have to purchase or capitalize the enterprise.

About a year ago I calculated the cost for the employees of the Caterpiller Corp to purchase the enterprise from the existing owners and it averaged $270,000/employee as I recall.

Most employees don't want to invest the money necessary to control the means of production and distribution but instead want a government to steal it from the existing owners and give it to them for free.

 

I think the Republicans will raise a comparable amount of money to Obama.

They'll be competitive.

 

Of course the Republicans will, and they'll use the tea party to maintain their base numbers, but they will still be representative of the same corporate oligarchy that they represent now, as will the Democrats.

 

YES! It's not Capitalism that is failing, it is Capitalism over-burdened by excessive regulation and Socialist tendencies (blind adherence to green policies and political correctness).

 

It is a fatuous definition because, as I say, it would include all early, priest-controlled states. This is typical of what McCarthy did to America - fuddled babytalk where people used to know about politics.

 

No - the two systems cannot co-exist. They got rich by stealing from us, and we shall take it back and establish a human society for the first time. The system keeps the people brainwashed, but when enough wake up the system will be finished in a few weeks.

 

How can our economy be capitalist when the money supply is controlled by the government?

 

Because, obviously, the capitalists control the government.

 

"State capitalism" is a contradiction in terms. If the state is directing the means of production, it's not "capitalism", it's socialism.

The failures in the Soviet Union cannot be attributed to capitalism, no matter how hard socialists and communists try to distort language to obfuscate the shortcomings of their ideology.

 

Eh, the Libertarians think it would work. lol