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OfflineCannabischarlie
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Re: Capitalism benefits the masses more so than the wealthy [Re: Crystal G]
    #19119059 - 11/11/13 05:03 AM (10 years, 3 months ago)

Quote:

Crystal G said:
The reason they used to say capitalism benefits the masses more so than the wealthy, was because back in societies such as ancient Greece, when you were born an aristocrat, you were expected to use your own money to benefit the masses. You were expected to use your own money to fund irrigation systems and public roads and things of that nature. You were considered a man of the gods, and the reason you were bestowed with that power was because you were directly sent from heaven. So if you were an aristocrat, that was considered your duty in society--to give back to the people.





Pretty much, that and what Milton Friedman said always kinda sounded good on paper until you analyze it. That is why someone had to be dragged out of him recieving a Nobel Prize yelling at him, a guy from a country he ruined with his philosophies. For which he was then given a Nobel Peace Prize


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  we could all use a little more sunshine.

:shrug: yeah, she's funny and somewhat interesting.  not a beauty queen, but not bad lookin.  i'd feel quite honored to fuck janine garofalo.
-tiny_rabid_birds


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OfflineCrystal G
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Re: Capitalism benefits the masses more so than the wealthy [Re: Cannabischarlie]
    #19119859 - 11/11/13 10:42 AM (10 years, 3 months ago)

Quote:

Cannabischarlie said:
Quote:

Crystal G said:
The reason they used to say capitalism benefits the masses more so than the wealthy, was because back in societies such as ancient Greece, when you were born an aristocrat, you were expected to use your own money to benefit the masses. You were expected to use your own money to fund irrigation systems and public roads and things of that nature. You were considered a man of the gods, and the reason you were bestowed with that power was because you were directly sent from heaven. So if you were an aristocrat, that was considered your duty in society--to give back to the people.





Pretty much, that and what Milton Friedman said always kinda sounded good on paper until you analyze it. That is why someone had to be dragged out of him recieving a Nobel Prize yelling at him, a guy from a country he ruined with his philosophies. For which he was then given a Nobel Peace Prize




Must have been a Chilean, I'm aware of how he was involved with the Chilean banking crisis. :lol:


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Offlinepsyconaught
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Registered: 11/04/10
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Re: Capitalism benefits the masses more so than the wealthy [Re: Crystal G]
    #19119890 - 11/11/13 10:48 AM (10 years, 3 months ago)

Quote:

Crystal G said:
Quote:

Cannabischarlie said:
Quote:

Crystal G said:
The reason they used to say capitalism benefits the masses more so than the wealthy, was because back in societies such as ancient Greece, when you were born an aristocrat, you were expected to use your own money to benefit the masses. You were expected to use your own money to fund irrigation systems and public roads and things of that nature. You were considered a man of the gods, and the reason you were bestowed with that power was because you were directly sent from heaven. So if you were an aristocrat, that was considered your duty in society--to give back to the people.





Pretty much, that and what Milton Friedman said always kinda sounded good on paper until you analyze it. That is why someone had to be dragged out of him recieving a Nobel Prize yelling at him, a guy from a country he ruined with his philosophies. For which he was then given a Nobel Peace Prize




Must have been a Chilean, I'm aware of how he was involved with the Chilean banking crisis. :lol:



your lack of knowledge is showing. Milton freedman is American (with Austrian heritage) who was not involved in the Chilean banking system at all. He was however an economic advisor to Reagan.


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Think for yourself, question authority


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OfflineCrystal G
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Re: Capitalism benefits the masses more so than the wealthy [Re: psyconaught]
    #19119907 - 11/11/13 10:53 AM (10 years, 3 months ago)

Quote:

psyconaught said:
your lack of knowledge is showing. Milton freedman is American (with Austrian heritage) who was not involved in the Chilean banking system at all. He was however an economic advisor to Reagan.




I am aware of who Milton Friedman is. Look up the Chicago boys and who was involved with Chile.


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Offlinemindgnome
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Re: Capitalism benefits the masses more so than the wealthy [Re: Gilgamesh18]
    #19119918 - 11/11/13 10:55 AM (10 years, 3 months ago)

Capitalism really only benefits a small percentage of the population...They have people tricked in this country to think that the government needs more restrictions and corporations need less restrictions. Well who runs this country anyways? The corporations or the government? Last time I checked corporations pay for politicians to get elected. Not on some conspiracy shit, it comes down the advertising and the media. Obama might not be that bad, but corporations have him. The Bush family.....Talk about real corporate pig fuckers. This isn't my opinion, it is the truth. The media is a corporation, the media tells you the government needs more restrictions. Is this really true or is it that they don't want more restrictions for the evil shit they do. Buying public opinion, that should be a crime. The Koch Brothers are planning to buy up newspapers to fill with their agenda. Everyone say Obama is too liberal. I say bullshit, Obama is too conservative.


--------------------
"As I walk on through troubled times my spirit gets so downhearted sometimes so where are the strong and who are the trusted? And where is the harmony? Sweet harmony. Cause each time I feel it slippin' away, just makes me wanna cry. What's so funny 'bout peace love & understanding?" - Nick Lowe

"Psychedelic drugs don't change you - they don't change your character - unless you want to be changed. They enable change; they can't impose it...” - Sasha Shulgin


Edited by mindgnome (11/11/13 10:55 AM)


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Offlinepsyconaught
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Registered: 11/04/10
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Re: Capitalism benefits the masses more so than the wealthy [Re: mindgnome]
    #19119928 - 11/11/13 10:56 AM (10 years, 3 months ago)

Quote:

mindgnome said:
Capitalism really only benefits a small percentage of the population...They have people tricked in this country to think that the government needs more restrictions and corporations need less restrictions. Well who runs this country anyways? The corporations or the government? Last time I checked corporations pay for politicians to get elected. Not on some conspiracy shit, it comes down the advertising and the media. Obama might not be that bad, but corporations have him. The Bush family.....Talk about real corporate pig fuckers. This isn't my opinion, it is the truth. The media is a corporation, the media tells you the government needs more restrictions. Is this really true or is it that they don't want more restrictions for the evil shit they do. Buying public opinion, that should be a crime. The Koch Brothers are planning to buy up newspapers to fill with their agenda. Everyone say Obama is too liberal. I say bullshit, Obama is too conservative.



so wouldn't it be better if there was less government power to be purchased?


--------------------
Think for yourself, question authority


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OfflineCrystal G
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Re: Capitalism benefits the masses more so than the wealthy [Re: Crystal G]
    #19119934 - 11/11/13 10:58 AM (10 years, 3 months ago)

You will probably come across something called the "Chilean Miracle," which Milton Friedman no doubt will take credit for himself. What he fails to mention is that it ultimately failed in the 1982 crisis, which caused the government to intervene into the economy and bail out numerous banks and corporations, and the poverty level exploded from 15% to 44%. The gap between rich and poor exploded, and the country took on massive amounts of debt from the IMF.

Quote:

The facts behind the "Chilean miracle" remain a matter of intense debate. Pinochet held power for seventeen years, and during that time he changed political direction several times. The country's period of steady growth that is held up as proof of its miraculous success did not begin until the mid-eighties, a full decade after the Chicago Boys implemented shock therapy and well after Pinochet was forced to make a radical course correction.

That's because in 1982, despite its strict adherence to Chicago doctrine, Chile's economy crashed: its debt exploded, it faced hyperinflation once again and unemployment hit 30 percent—ten times higher than it was under Allende. The main cause was that the piranhas, the Enron-style financial houses that the Chicago Boys had freed from all regulation, had bought up the country's assets on borrowed money and run up an enormous debt of $14 billion.

The situation was so unstable that Pinochet was forced to do what Allende had done: he nationalized many of these companies. In the face of the debacle, almost all the Chicago Boys lost their influential government posts. (2)



http://harpercrusade.blogspot.com/2011/05/milton-friedman-and-chilean-experiment.html


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InvisibleTrentBoyett
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Re: Capitalism benefits the masses more so than the wealthy [Re: mindgnome]
    #19119939 - 11/11/13 10:59 AM (10 years, 3 months ago)

Quote:

mindgnome said:
Capitalism really only benefits a small percentage of the population...They have people tricked in this country to think that the government needs more restrictions and corporations need less restrictions. Well who runs this country anyways? The corporations or the government? Last time I checked corporations pay for politicians to get elected. Not on some conspiracy shit, it comes down the advertising and the media. Obama might not be that bad, but corporations have him. The Bush family.....Talk about real corporate pig fuckers. This isn't my opinion, it is the truth. The media is a corporation, the media tells you the government needs more restrictions. Is this really true or is it that they don't want more restrictions for the evil shit they do. Buying public opinion, that should be a crime. The Koch Brothers are planning to buy up newspapers to fill with their agenda. Everyone say Obama is too liberal. I say bullshit, Obama is too conservative.




Almost all politicians are bought nowadays, Obama is just as bought as Bush was.


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InvisibleTrentBoyett
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Re: Capitalism benefits the masses more so than the wealthy [Re: psyconaught]
    #19119946 - 11/11/13 11:00 AM (10 years, 3 months ago)

Quote:

psyconaught said:
so wouldn't it be better if there was less government power to be purchased?



:whathesaid:


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Offlinemindgnome
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Re: Capitalism benefits the masses more so than the wealthy [Re: psyconaught]
    #19119953 - 11/11/13 11:02 AM (10 years, 3 months ago)

No because that is exactly what corporations want. If there is less government then big oil companies like BP wouldn't have any oversight in Alaska and the Gulf of Mexico and I know for a fact that would be a fucking catastrophe. As it is the government isn't paying enough attention to corporations. Deepwater Horizon and the Thunderhorse platform sinking into the ocean are signs that we need to put major restrictions on oil companies if they want to do business with the United States. Shit blows up all the time because of them and it barely makes the news. That is just one piece to the puzzle I could also get into corporations like Walmart and others.


--------------------
"As I walk on through troubled times my spirit gets so downhearted sometimes so where are the strong and who are the trusted? And where is the harmony? Sweet harmony. Cause each time I feel it slippin' away, just makes me wanna cry. What's so funny 'bout peace love & understanding?" - Nick Lowe

"Psychedelic drugs don't change you - they don't change your character - unless you want to be changed. They enable change; they can't impose it...” - Sasha Shulgin


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Offlinepsyconaught
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Re: Capitalism benefits the masses more so than the wealthy [Re: Crystal G]
    #19119956 - 11/11/13 11:03 AM (10 years, 3 months ago)

look i can find sources to support my point of view also
http://online.wsj.com/news/articles/SB10001424052748703411304575093572032665414
Quote:

As for Chile, Pinochet appointed a succession of Chicago Boys to senior economic posts. By 1990, the year he ceded power, per capita GDP had risen by 40% (in 2005 dollars) even as Peru and Argentina stagnated. Pinochet's democratic successors—all of them nominally left-of-center—only deepened the liberalization drive. Result: Chileans have become South America's richest people. They have the continent's lowest level of corruption, the lowest infant-mortality rate, and the lowest number of people living below the poverty line.




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Invisiblelighthouse09
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Re: Capitalism benefits the masses more so than the wealthy [Re: TrentBoyett]
    #19119959 - 11/11/13 11:03 AM (10 years, 3 months ago)

yea capitalism and government together are a bad combo. I fail to see any good things that came out of this in recent years??


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<--This fuckin guy


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OfflineCrystal G
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Re: Capitalism benefits the masses more so than the wealthy [Re: TrentBoyett]
    #19119962 - 11/11/13 11:04 AM (10 years, 3 months ago)

Quote:

mjmihalov said:
Quote:

psyconaught said:
so wouldn't it be better if there was less government power to be purchased?



:whathesaid:




What kind of regulatory oversight would you like to see minimized or get rid of altogether? The FDA? The IRS? The FBI? ICE? The NRA? Homeland Security? I'm just assuming you are talking mainly about federal power.


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Offlineqman
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Re: Capitalism benefits the masses more so than the wealthy [Re: Crystal G]
    #19119964 - 11/11/13 11:05 AM (10 years, 3 months ago)

Capitalism is the best economic system, but what we practice today is NOT capitalism.

Mixing developed economies with third world nations is not capitalism.

Having a government that bails out financial institutions that FAIL is not capitalism.

Having a Federal Reserve that artificially props up assets prices (stocks, bonds, and real estate) which mainly benefits the top 1/100 of 1% is not capitalism.

The list goes on and on, I'm a capitalist, we don't practice capitalism anymore.


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InvisibleAmphibolos
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Re: Capitalism benefits the masses more so than the wealthy [Re: psyconaught]
    #19119968 - 11/11/13 11:06 AM (10 years, 3 months ago)

Quote:

psyconaught said:so wouldn't it be better if there was less government power to be purchased?





But the government fundings make alot of the american sectors competitive. See agriculture, biomedical research, military.

Also, the government power isnt purchased, the people are. The US agenda is tending to a lower social spending toward an industrial spending. Which has worked for a while until you let the bankers free.


--------------------


"Homo sum ; humani nihil a me alienum puto"


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Offlinempd
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Re: Capitalism benefits the masses more so than the wealthy [Re: qman]
    #19119971 - 11/11/13 11:06 AM (10 years, 3 months ago)

Capitalism has done more for the freedom of mankind than any other modern convenience or ideal.  Thank God for the profit motive.


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There is no truer calling for mankind than that of true conservatism.


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Offlinemindgnome
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Re: Capitalism benefits the masses more so than the wealthy [Re: qman]
    #19119973 - 11/11/13 11:07 AM (10 years, 3 months ago)

These so called capitalists want less oversight for corporations. I am sorry to say but the Republican party and Tea party supporters have no idea what they are truly supporting, they only listen to what fox news and their cronies say and take it as the truth.


--------------------
"As I walk on through troubled times my spirit gets so downhearted sometimes so where are the strong and who are the trusted? And where is the harmony? Sweet harmony. Cause each time I feel it slippin' away, just makes me wanna cry. What's so funny 'bout peace love & understanding?" - Nick Lowe

"Psychedelic drugs don't change you - they don't change your character - unless you want to be changed. They enable change; they can't impose it...” - Sasha Shulgin


Edited by mindgnome (11/11/13 11:08 AM)


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OfflineCrystal G
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Re: Capitalism benefits the masses more so than the wealthy [Re: psyconaught]
    #19119977 - 11/11/13 11:08 AM (10 years, 3 months ago)

Quote:

psyconaught said:
look i can find sources to support my point of view also
http://online.wsj.com/news/articles/SB10001424052748703411304575093572032665414
Quote:

As for Chile, Pinochet appointed a succession of Chicago Boys to senior economic posts. By 1990, the year he ceded power, per capita GDP had risen by 40% (in 2005 dollars) even as Peru and Argentina stagnated. Pinochet's democratic successors—all of them nominally left-of-center—only deepened the liberalization drive. Result: Chileans have become South America's richest people. They have the continent's lowest level of corruption, the lowest infant-mortality rate, and the lowest number of people living below the poverty line.







Yes, IMO this is one of the huge problems with Chicago school of thinking, is that it's very much a school of convenience. Is to give credit and take responsibility when it's convenient, that is when surpluses have been made, and to ignore the fact of the matter when it's convenient, that is when it fails.

Perhaps the most obvious success for the 1990 turning point is the fact that Pinochet, the dictator, had fallen out of power that same year.


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Offlinepsyconaught
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Re: Capitalism benefits the masses more so than the wealthy [Re: Amphibolos]
    #19119978 - 11/11/13 11:08 AM (10 years, 3 months ago)

Quote:

Amphibolos said:
Quote:

psyconaught said:so wouldn't it be better if there was less government power to be purchased?





But the government fundings make alot of the american sectors competitive. See agriculture, biomedical research, military.

Also, the government power isnt purchased, the people are. The US agenda is tending to a lower social spending toward an industrial spending. Which has worked for a while until you let the bankers free.



subsidies are not competition. Subsidies create monopolies by creating barriers to entry. If you can't make money being a farmer then don't fucking be a farmer.


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Think for yourself, question authority


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InvisibleAmphibolos
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Re: Capitalism benefits the masses more so than the wealthy [Re: Amphibolos]
    #19119979 - 11/11/13 11:08 AM (10 years, 3 months ago)

qman is right,

The US government practice an intense interventionism in regard to their interior economy. Which is strange if you truly believe in a "free market"


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"Homo sum ; humani nihil a me alienum puto"


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