The problem of Capitalism

They explicitly stated that I am right and you are wrong.

Actually, many know-nothings don't.

That's just you trying to change the subject again.

LOL!!! As they say in Japan, "It's mirror time!"

(Amuses me mind you to see you claim economists don't agree with me, then dismiss Nobel laureates in economics when they say I am right and you are wrong.)

 

Sorry, but please stop with your misrepresentation. They make no comment over efficiency wages and the wage-productivity gap. I asked you directly about them. I did not ask you to copy and paste comment that referred to economists agreeing that land matters.

You clearly cannot support you position. Indeed, you're pishing all over it. It really is a shame that you can't be more honest.

 

Please consult the mirror.

And I answered you.

That's not what those quotations said and you know it. You are misrepresenting them.

I did, and you could offer no counter-argument, just a disingenuous demand for references.

You are the very last person who can presume to criticize others' honesty.

 

Don't fib now! I asked you to directly support your views on efficiency wages and the wage-productivity gap. You have deliberately misrepresented a crap source that only refers to the importance of land. That you're prepared to be so dishonest on such a simple matter really doesn't help you much...

 

I don't believe for a moment that you're dumb enough (or objectionable enough) to think you're entitled to the enormous benefits of the First World, when others can't even find a grain of rice.

That you actually take those benefits for granted as you do, indicates that you're profoundly insulated from context.

 

Sorry, I drifted off. Anyone that can't understand the difference between necessity and luxury isn't going to purr the brain cells....

 

Ask a homeless, starving Bangladeshi what 'luxury' is.

It's you who has no idea what luxury is, because you lack all context but that of your own ivory tower.

 

So you think that because some people lack necessities that necessities are therefore luxuries? Crikey, that's a particularly cretinous right wing argument!

 

When our baseline is the skeletal child searching in the dirt for a grain of rice, ANYTHING beyond a plot of land and access to water is a luxury.

 

Our? I know the difference between necessity and luxury. Its very obvious.

 

Humanity has a baseline, and all things MUST be measured against that. Anything else denies the reality of that (vast) baseline.

 

That you think necessities are luxuries, as applied in Chicago School approach to absolute poverty, is extraordinarily honest. Right Wing 101 after all.

 

I don't recall expressing any views on efficiency wages.

Which I have already explained, and supported with facts and logic.

No, you have to misrepresent what that perfectly valid and verifiable source said, so you do.

Look who's talking!

 

Sad. Always demanding more, while others starve.

 

Ramble, with no content again! You stated efficiency wage model was wrong. You did that because it was an example, just like discrimination analysis, where Marxist approaches have been critical for understanding empirical outcome.

 

Please at least try and craft a relevant reply. That you've confused necessities and luxuries has nothing to do with me. It merely describes your right wing approach. Supply-side economics, after all, harvests poverty...

 

You rethinking your position on things, Reivs? Good .. you should be.

 

More troll. If you can't respond to the post, then don't.

 

I did, and I will

 

So as usual, you are not interested in issues, fact or logic, only pushing Marxist bull$#!+.

 

As Reiver said those aren't luxury but necessities.
Yes when human didn't discover the oil and there wasn't this much wealth around we could say having these privileges was real luxury. But not today. And don't say that it is for some countries. If we see the world as an economy there are a few countries that aren't in the circulation like North korea (which kind of IS through China). And the reason we have these poor countries is because that wealthy countries (capitalist) made them poor and are keeping them poor so they can be wealthy. One of the reasons that you're living in a "first world" is because we have third world. So the reason you see these privileges as luxury for some countries is because of capitalism. Those aren't even privileges those are human rights (said Bernie).
And you say these can only be funded through capitalism. Don't we have the experience of capitalism more than any other systems?
The only way to fund them through capitalism is to dive deep into Buffett's and Bloomberg's bank accounts in other word to change the capitalism.
The only reason that there are so many people who are suffering from not having these human rights is that we have these billionaires around that are restoring all the money in their bank accounts if that's not the result of capitalism then what is it?
You talk about poverty when infact that's the capitalism that is causing the real and devastating poverty. But wealthy or upper middle class people don't care about poverty and don't know that their wealth is the cause of other's poverty.

 

Whoa, horsey!

What you are talking about is a post-WW2 political-attitude that is at least 70-years old. Most of Africa and much of the Far-east that were plundered by Europe (and America) of their Natural Resources has another very different nuisance robbing the country. And they are native-born!

We see this plundering throughout Africa and much of South America! The pillaging has not stopped, but the faces have changed. They are now mostly "local".

The most recent is this one: Documents reveal how 'Africa's richest woman' stole fortune from her country - excerpt:

Isabel Dos Santos is playing a hardball game in order to keep her Net Worth estimated at $2.1B - yes, that "B" is for billion! And she will likely keep most of it now hidden in Europe and Dubai (where she now lives) ...

 

What would you tell your children if the schoolyard bully took their lunch money and they are in school without food?

"Stop whining, you privileged first worlder. At least you're not a third world prostitute selling her body for a bag of rice a month".......?

 

As long as there are people on this planet worse off, then that must mean that there cannot be any injustice being visited upon you. Isn't that right, crank? At least that seems to be a repulsive narrative in a lot of your posts.

 

I refer to many schools of thought, from Austrian to Marxist. That is just basic sense. Its only by adopting a pluralist perspective that you will achieve any level of economic critique. Its as if Foucault passed you by...

Discrimination is a continued curse in labour markets. Ignoring it, just because you can't explain it (unlike the Marxists and Institutionalists) is not a reasoned response.