Why can't capitalism stop its excesses, greed, and other damaging characteristics?

Good observation. My only objection is that it is the power of excessive wealth that has caused politicians to do their bidding and it will never work to ask, beg, petition politicians to "behave". The people must organize and speak LOUDLY with one voice because only an organized public scares the crap out of politicians. All it would take is about 4-5% of the public to do it.

 

That's just historically false. In his 12 years in office, Roosevelt presided over the greatest economic expansion in US history. The Depression was already three years old when he was inaugurated. Try to at least minimally inform yourself.

 

The real choices are liberty vs tyranny, justice vs injustice, and truth vs lies. In all three cases, socialism and capitalism are on the same side: the side of tyranny, injustice and lies.

 

I've read Marx. It's nonsense. He is the originator of the Great Error, which neoclassical economics adopted so gleefully in the service of capitalism: that there is no economically or morally important difference between land and capital.

 

No, these people are dishonest...Al Gore with his global warming yet lives in a mansion that has a carbon footprint probably 25 times the average American. Capitalists are at least honest about it...they want to make money, be paid fairly for their endeavors, not have everything given to them.
I make close to 6 figured every year, but that is because of my skills...not a college education. I'm the guy that fixes what those college educated idiots break. Tool an die, machinist, welder.
And I get paid very well for what i do.

 

totally mistaken of course. you could double the money in politics or remove it and we'd still have to decide between freedom and govt to break the gridlock.

 

absurd and liberal of course. To survive in a capitalist system a business has to provide the best jobs and products in the world. Just think you too could be a billionaire if only you had the ability to start a company with the best jobs and products in the world.

 

That is patently false. The US entered its longest period of economic expansion immediately following the 1991 recession.

You totally ignore the 1937-38 Recession.

 

who knew that the Great Depression was a a time of economic expansion. Maybe we need more depressions

 

Given the moral hazard opportunities created by asymmetric information, honesty often is incompatible with the pursuit of profit!

 

so what we need is a libNazi govt that distributes information symetrically so capitalism is perfectly fair to everyone and discourages everyone from seeking superior information.

 

When, in the real world, would information ever be symmetric? When would, say, you and I have the exact same knowledge?

(I know that, for some reason, you hesitate to respond to my posts, so I will consider the above a rhetorical question.)

 

You've been set a simple requirement: rather than asking inane questions, actually provide economic argument. So far, no go. Good luck in changing it!

 

My statement was of course objectively correct.

Longest, but not greatest. US GDP showed its largest percentage increase, in real terms, in the 12 years of Roosevelt's administration. Real GDP nearly TRIPLED between 1933 and 1945. By contrast, it increased by barely more than half from 1991 to 2007, a period four years longer.

No, YOU ignore the fact that the economy was already at rock bottom by the time Roosevelt took office.

 

The part of it after Roosevelt came into office was. Proof:

https://www.thebalance.com/us-gdp-by-year-3305543

That's why you have to pretend he was already president in 1929. But he wasn't.

We need more recoveries.

 

1) Hoover and Roosevelt had same policies.
2) FDR never got GDP back to pre Depression levels
3) yes he had a little growth but starting from the lowest point in human history.
3) His administration is known as the Great Depression for a reason.

 

That is a claim so absurd as to be beneath refutation.

Already proved wildly false by the url I gave.

Again, too absurd for refutation.

It isn't for a reason.

 

I see you don't like being questioned. That's okay. I understand that your position doesn't stand up to scrutiny. Cheers.

 

yes it is for A reason. FDR’s administration is known as the great depression for the reason that it was indeed a great depression.

 

nominal gdp was lower in 1938 than 1928. liberalism fail, socialism fail this is why we had a 16 year depression and world war rather than a one year recovery and world peace. Thank you liberals!

 

For third time Hoover and Roosevelt both liberals and both had the same libcommie big govt ideas about how to combat the great depression. Do you understand now?

 

I understand that you have made the same self-evidently false, absurd, and disingenuous claim three times. No surprises.

 

Because the intense deflation of 1930-32 had not yet been reversed. Real GDP had already surpassed 1929's level in 1936 because of the Roosevelt Boom. I already gave you absolute proof that Roosevelt presided over the greatest economic boom the USA has ever seen, so why are you ignoring it and trying to pretend that nominal GDP is more meaningful than the real GDP that proves me right and you wrong?

Absurd and disingenuous garbage fail.

But we didn't. The Depression ended when Roosevelt took office. After that it was virtually constant and then rapid growth for 12 years.

The notion that Herbert Hoover was a liberal is absurd.

 

No, your claims are universally known to be objectively false. FDR's administration ended the economic contraction that had begun under Hoover, and initiated the greatest economic boom the USA has ever seen. The real economy nearly TRIPLED in size in just 12 years under FDR. You lose, I win, so stop humiliating yourself by posting such ridiculous and disingenuous nonsense. You are just making yourself even more of laughingstock.

 

Of course if false the liberal would be able to say why