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#1 |
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Director of Hatcheries and Conditioning
Join Date: Jul 2002
Location: Mt Disappointment
Posts: 33,331
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We are all social democrats.
As recent events have clearly demonstrated, all Western nations, including the USA, are Democratic Socialist States. Whenever the chips are down, the State is expected to bail out the Capitalist System, and buy up it's assets if necessary.
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Continually pushing the boundaries of mediocrity. Everything is possible, but not everything is probable. For if a man pretend to me that God hath spoken to him supernaturally, and immediately, and I make doubt of it, I cannot easily perceive what argument he can produce to oblige me to believe it. Hobbes |
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#2 |
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~The Rascal~
Join Date: Aug 2006
Location: Cologne
Posts: 17,369
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Socialism for the Rich, Capitalism for everyone else
Taking this into account, you're still a capitalist having to pay for other people socialist privileges. Of course, Universal Healthcare might give you some benefits as well in terms of socialism - if it ever will be implemented. |
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#3 |
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Banned
Join Date: Nov 2006
Location: Queens
Posts: 34,947
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#4 |
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Philosopher
Join Date: Mar 2003
Posts: 7,514
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Sadly, it looks like we are going to get a new Great Depression WITH government intervention.
AKA the worst of both worlds |
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Why stay sane in a sick world? |
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#5 |
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Graduate Poster
Join Date: Feb 2008
Location: Somewhere in time and space...
Posts: 1,939
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#6 |
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Penultimate Amazing
Join Date: Jun 2003
Posts: 26,219
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You are correct that they didn't do what we're doing now. But the implication behind this statement (that government stood by and did nothing) is wrong. They did plenty, including the Smoot-Hawley tarrif act. And much of what they did ended up causing a lot of harm and deepening the depression considerably.
Quote:
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"As long as it is admitted that the law may be diverted from its true purpose -- that it may violate property instead of protecting it -- then everyone will want to participate in making the law, either to protect himself against plunder or to use it for plunder. Political questions will always be prejudicial, dominant, and all-absorbing. There will be fighting at the door of the Legislative Palace, and the struggle within will be no less furious." - Bastiat, The Law |
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#7 |
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Director of Hatcheries and Conditioning
Join Date: Jul 2002
Location: Mt Disappointment
Posts: 33,331
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__________________
Continually pushing the boundaries of mediocrity. Everything is possible, but not everything is probable. For if a man pretend to me that God hath spoken to him supernaturally, and immediately, and I make doubt of it, I cannot easily perceive what argument he can produce to oblige me to believe it. Hobbes |
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#8 |
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Sarcastic Conqueror of Notions
Join Date: Mar 2004
Location: A floating island above the clouds
Posts: 23,835
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: Even a broken clock is right twice a day -- or twice a century, in this case.You realize the other long-running political narrative, which has greater predicitive capability, suggests that "Fannie and Freddie", being government constructs to help increase home ownership amongst the more economically questionable people, should not rightly be lain on "capitalism" since it is anything but. When it was increasing home ownership (I presume it was, I don't know) politicians were quick to claim credit. Indeed, there are lots of humorous videos floating around YouTube the past few weeks of regulators who wanted to regulate them being savaged by Congresscritters. Capitalism does have some issues to bear, such as banks not caring about the ridiculous interest rates of credit cards "Woo hoo! We've got 'em trapped on high interest and they can't get off!" but that doesn't mean the bank should get bailed out. Why a business model that orients profits around your customers getting into financial dire straits sounds like a safe, or even legal (it would be fraud) plan, I don't know. |
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"Great innovations should not be forced [by way of] slender majorities." - Thomas Jefferson The government should nationalize it! Socialized, single-payer video game development and sales now! More, cheaper, better games, right? Right? |
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#9 |
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Penultimate Amazing
Join Date: Jul 2007
Location: Spanaway WA
Posts: 18,613
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#10 |
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Advaitin
Join Date: Nov 2004
Location: Here
Posts: 3,809
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Im too busy living, why waste my time believing? |
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#11 |
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Advaitin
Join Date: Nov 2004
Location: Here
Posts: 3,809
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__________________
Im too busy living, why waste my time believing? |
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#12 |
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Advaitin
Join Date: Nov 2004
Location: Here
Posts: 3,809
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__________________
Im too busy living, why waste my time believing? |
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#13 |
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Up The Irons
Tagger
Join Date: May 2007
Location: Melbourne, Australia
Posts: 25,310
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WHAT CAN THE HARVEST HOPE FOR, IF NOT THE CARE OF THE REAPER MAN? - Death "Racism is a disease in society. We're all equal. I don't care what their colour is, or religion. Just as long as they're human beings they're my buddies." - Mandawuy Yunupingu, lead singer of Yothu Yindi |
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#14 |
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Lackey
Administrator / JREF Forum Liaison
Join Date: Aug 2001
Location: South East, UK
Posts: 64,804
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If it were all so simple! If only there were evil people somewhere insidiously committing evil deeds, and it were necessary only to separate them from the rest of us and destroy them. But the line dividing good and evil cuts through the heart of every human being. And who is willing to destroy a piece of his own heart? - Aleksandr Solzhenitsyn 1918-2008
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