Phydeaux
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Joined: 1/4/2004
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ORIGINAL: Edwird
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ORIGINAL: Phydeaux
a. Socialism is fucked. Always was, always will be. It always fails, once they run out of other people's money to spend.
You're presumably too young to remember when liberal meant - being generous with your OWN money. He was a liberal tipper, for example.
These days, it just means someone who wants to spend someone elese's money.
b. Markets forces humble even the biggest countries. EG: Soros breaking the bank of England.
c. Profit - and risk taking are not evil. In this case, it gave people that were risk aversive a way out.
Soros didn't "break" the BOE, he was just ahead of the game by one or two days.
You claiming the sky is purple doesn't change the facts. Soros made a huge bet that the BOE coudl not sustain the pound. That market forces were going to exhaust BOE reserves. Soros was right.
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Sorry about your stupid.
Germany, Sweden, Norway, Luxembourg, Denmark, Switzerland, etc. et al. seem to be doing just fine, by measurables of things like -net- exports, personal savings, healthcare, etc. But nevertheless "socialistas" by your hair brained 'standards.'
Obviously, first grade literacy escapes you. I gave a list of socialist nations. Funnily enough, Germany, Sweden, Norway etc, were not on that list.
But I have posted extensively on those nations. How they have cut taxes, cut corporate tax rates, pushe out the ages of retirement etc.
For example it is illustrative to note that Sweden in the 1990's was the 4th wealthiest country. By the 2010, social programs had cut its wealth and it dropped to 11th. Sweden cut its tax rates, cut its benefits and employment etc is returning.
The trend toward free market reforms is evident all over europe - whether greece, france, sweden - wherever you care to look.
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Of course USSR and Chinese forms of socialism were "fucked," but they've come on board with capitalism now, and how is THAT working out for them now, or in any case for the gangsters?
Russia is moving away from capitalism and toward authoritarianism. Its not working out well for them.
China improved its situation immensely by moving toward capitalism. However, it too doesn't embrace free markets, believing that the party can direct capital better than the free markets.
At present, there resulting credit bubble exceed 26 trillion dollars in an economy half the size of the US. Ghosts cities stand unoccupied. Steel mills unused.
The chinese essentially promised prosperity in return for keeping the communist party in power.
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The northern Germanic tribes work 36 hours a week, the women don't have to toss their babies off to state/federal sanctioned 'daycare' at six weeks (as in the US), they take half of their 6 weeks vacation to the beaches of Spain, and retire with a comfortable income, commensurate with their service to society. And Germany matches the US in -total- exports, all with collective bargaining, and 27% of the US underpaid work force.
By your estimation of things, this is "Socialism is fucked."
To the contrary. Germany is a capatalistic state, in fact one of the most competitive in the world. They choose to spend money on a social welfare state. They are entitled to spend their money as they see fit. But it is not their socialist policies that are making them an economic powerhouse. Its their support of free markets, work ethic etc.
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Bottom line: US and UK bankers are friendly to and forgiving of dictators and despots. Not so forgiving of countries looking out for their own well being.
Fancy that. Banks want to be repaid when they make loans.
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RE: Insulting the vultures of capitalism...I mean the ... - 
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