MrRodgers
Posts: 10542
Joined: 7/30/2005 Status: offline
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quote:
ORIGINAL: tazzygirl quote:
ORIGINAL: MrRodgers quote:
ORIGINAL: tazzygirl quote:
should bring back true capitalism and return the government to its limited role of protecting individual rights. Im confused as to the meaning behind this statement. Anyone care to take a shot at it? What that statements fails to recognize is that what we are seeing and have seen for more of the last 100 years...is capitalism. Capitalism is 'moneyism' and is both merely turning paper into money but (mostly their paper into our money) but also 'gaming' the system and purchasing law to allow almost tax free, risk free speculation while also even allowed to run up debts in the $Trillions to geometrically expand their earnings...at taxpayer risk. With all due respect I believe the poster like many, want to see a return to a free market, something entirely different from capitalism and vehemently opposed by a capitalist. A free market is one that would likely have seen several big banks go under and GM/Chrysler liquidated in chapter 7, but also have given us a correct price (market) in housing, financing and oil cars for example. The entire system is legalized profiteering, immorally favorable taxes for those who actually make a very large portion of their income from buying and selling. Banks that can't go bankrupt of all things as other businesses do and is a world where something can actually exist that taxpayers are forced to bailout as 'too big to fail.' The free market is history's best example of maximizing productivity...capitalism and the capitalist are and is nothing of the sort and would even kill to keep things...as they are. Ok, lets pretend Im a student of business..... Its been many years since I have been out of the management end.... and explain to me the difference between a "free market" and what we have now. I think I have a grasp on this, but I want to be sure. In a way and I mean no disrespect at all but it is a shame that is our over all business education that should start in the 8th grade and force students to declare by the 10th grade but that's another post. As for a brief explanation it would a market where... there is private banking based on trust ( track record) with no govt. insurance or involvement. No federal banking system, no fed, no fed reserve notes but treasury silver certificates. Banking would be state regulated under a minimum of federal rules. Even in our monetary system, govt. has been used to insure the investor with all of these GSE's. (govt. 'sponsored' enterprises) More accurate would be govt. supported enterprises like banking, farming, (corn ethanol) defense, mortgage-warehousing, tax code etc. mortgaging on a local basis with no govt. involvement. No tax favoritism at all, one could argue even depreciation and kids. The tax code should not be influenced by private decisions. All business income treated the same as any income. I'd go so far as to suggest the elimination of the corporation and the LLC. (limited liability company) Those paper institutions need not exist and do not serve society and skew the market by eliminating legal incentives to act ethically not subject to private liability. Tariffs to protect against foreign manipulation of trade law and agreements which violate the 'free' market. Many other areas in tax and liability etc. Does that help ? I am sure there is a much more articulate way of putting it but off the top of my head, what we have tazzy is anything but a 'free' market.
< Message edited by MrRodgers -- 10/30/2011 9:31:33 PM >
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