This is what I said:Originally Posted by Wind Up Rex
I never said the Nazis couldn't come to power. I was referring to the wholesale murder of millions of German citizens by the Nazis. That couldn't happen.That's a small part of it. The 2nd Amendment wouldn't have let the government do to its citizens what the Nazis did
Thread: Why Free Market Capitalism Works
04-11-2015, 07:13 PM #291Don't hate me because I'm right and you're not.
04-12-2015, 12:36 AM #292Originally Posted by andresimon
Cause and effect are rarely clear when you are talking about economic and social systems.
By 2008, before the financial crisis, there were 55 million mortgages in the US. Of these, 31 million were subprime or otherwise risky. And of this 31 million, 76 % were on the books of government agencies, primarily Fannie and Freddie. This shows where the demand for these mortgages actually came from, and it wasn’t the private sector.In addition, the president’s (Obama) policy is, once again, encouraging borrowers who have trouble meeting their obligations to become homeowners. This is exactly what happened when Fannie and Freddie were required to meet the quotas of the affordable housing goals. Tragically, many of the families who were lured into buying homes they could not afford were later evicted. As Barney Frank, once one of the key proponents of this policy in Congress said in 2010, “it was a great mistake to push lower-income people into housing they couldn’t afford and couldn’t really handle once they had it.”
The Dems never, ever learn.Don't hate me because I'm right and you're not.
04-12-2015, 02:33 AM #293
04-12-2015, 04:05 AM #294
Why is it people get all religious zealot about that old bit of paper?
And is it just America where people refer to "the goevernment" as if it's composed of people other than citizens of that country?
Been watching some YouTube linked to some activist hick or other somebody Jones... This thread reminds me if him so much. Lots of passion, no brains.Isn't it time for a colourful metaphor?
04-12-2015, 06:36 AM #295
04-12-2015, 10:41 AM #296
04-12-2015, 01:03 PM #297
In my opinion, yes to some point free market capitalism works. But it works in the realm of its subjective usage independent on the external consequences. When it comes to fitting it into a larger framework of democracy in most of the western countries, it's one big failure.Deep into that darkness peering, long I stood there, wondering, fearing, doubting, dreaming dreams no mortal ever dared to dream before.
E. A. Poe
04-12-2015, 02:09 PM #298Originally Posted by andresimon
It's like taking a quarterback and comparing them with a runningback.
The system itself as well as the rules is still "football" changing the players won't do much.
Any one who thinks what Reagan did or what our system has been based on in any period of time in the past 100 years as "free-market-capitalism" can be described only two ways. Stupid or a liar.
Index of Economic Freedom
Hong Kong and Singapore are ranked high and North Korea, Venezuela, and Cuba are ranked low. Nations that are economically freer tend to have much higher standards of livings.
If you want to truly be robust in your assumptions then you will quickly realize very few things can be proved empirically
Democrats never learn? ...Seriously? This us vs them attitude is probably far more correlated with our problems than any one label or group.
Arguing over what model is best when neither has actually been nor can be tested is absurd. Instead we should simply observe the world around us, agree where positive progress can be made, and test as many approaches as it takes on a small scale in order to achieve better outcomes. Low risk, high reward, convex, tests. Beyond that scale what works and learn from what didn't..Don't hate me because I'm right and you're not.
04-12-2015, 02:14 PM #299Originally Posted by Inis MonaDon't hate me because I'm right and you're not.
04-12-2015, 02:24 PM #300
On hand there are millionaires living their life materially secure, on the other there are the poor who are the slaves for the rich. Slavery is however there for each one of them. The rich is the slave to his money, the poor is the slave simply because he wants to survive.
Slavery has no place in modern democracy, however yet it is still present by every point you look at the sitation we all have to face.
On the other hand, it also forces us to develope and grow, to bring better quality of our products and concure with better services. There are always pros and cons, I just wish we could develop as a whole without a need to be slaves to any kind of system, that is desctrucrive for the humans.Deep into that darkness peering, long I stood there, wondering, fearing, doubting, dreaming dreams no mortal ever dared to dream before.
E. A. Poe
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