"They don't want to be under govt control anymore than the government wants to control them"? Nice theory except for the fact that they are already under govt control and it is them and their banking buddies that have always loved gov't regulation, oversight and especially interference in the market so that competition is restricted and they can keep on collecting salaries. And the govt doesn't want to control and regulate business and industry? Since when? Maybe prior to 1791? LOL!
Sounds like many sectors in the production of goods have come to realize that if they manipulate the government they can use it like a tool to insure an advantage over their competition in the "free" market. If everyone is cheating the system what the fuck is left? Our republic has been hijacked by corrupt bankers and corporate leaders. Therefore our nation is adrift towards an abyss. Our liberties are now on the line.
Whenever I hear someone say that the government has "taken over the auto industry" I have to stop and think back to the CEOs blasting into D.C. to beg to be "taken over". As for the banks' "bail-out" money. They are paying that back faster than a cat can lick its ass. They don't want to be under government control anymore than the government wants to control THEM, but that makes for a boring story I guess.
this might be the first clip from fox that makes perfect sense. Tom Woods is on the money here.... and note how much better glen beck is without glen beck...
huffdaddy76, I second that idea that several trillion times!
To me, Beck is full of himself, isn't an original thinker, & comes across more like a used car salesman than someone moderating key ideas Also, I disrespect how he interrupts guests. Often, he does so in order to show off what he "knows"--but it's never as good as what the guest is saying. Really effective hosts focus on making their guests look good ---rather than promoting themselves in ways that distract & annoy.
You know what else makes Capitalism afective? will talkien about Capitalism in the U.S which I dought we have but if there is some form of Capitalism in the USA what will make it afective? 1. No IligalAleions or IligalImagrents meaning people how came here with ought documentasitions 2. no Free Trade 3 Trade 4 say yes to Imagrents how have come here with Doumts cus there verry afective and last but not least say yes to the American Tax payers and American workers . Thats all its not that Heard.
Wronge anser Talonmccloud Pure Capitalism dose work when you add Trade as a simle Elemnt of Pure Capitalism to have capitalism to work afecvtively not only do you need Trade you need people wiling to work and the Infastrucer Caint have IligalImagraition and FreeTrade becuse The Comanastiton of FreeTrade and IligalImagraition renders Capitalism usless. what you need is people to work in theses factorys that have been borne and raised in there native lands Americans if we're talken about us.
Goverment as are landlord is inefective ( Dr.Ron Paul) " Freedom dose a much beter job". A qrote frome a Viedo that had Ron Paul as a narater had said that qrote hes the owner of that qrote and what it means is that people inouther words us runing are own Health care Doctors cars so forth reduseses Money its a lot beter then Comunisum.
Freedom for who? the landlord, the wealthy and the privileged politicians? that's what the so-called "free market" is my friends! I don't care what king of rhetoric they use, soviet union used and abused left-wing rhetoric all the time but it didn't mean didley squat!
Are you kidding me Talonmccloud The Goverment runing everthing in the U.S telling us what we can use drink eat and what we can't eat drink and soforth thats Comunist. Ya know Comunisum is inafective look at North Korea, Iran, China Thounds of people have died ya know thats how inafective Comunisim is. Im just saying.
No that's not communism, not even close. And Iran's not communist. And I'm not a communist anyway, nor would I ever defend totalitarianism! I'm a social anarchist, totalitarianism is complete anathema to me! However, last time I checked China's doing pretty well economically, not so much human rights and environmentally though. China is an example of extreme state capitalism, low wages, few regulations, state protected private enterprise and few personal liberties, A US capitalists wet dream!
Capitalism is statism. without the subsidies from the state to the rich they would not survive in the market. This has been going on since the industrial revolution. Market discipline for the poor... subsidies for the rich. Remember how Newt Gingriches county (cobb) was the 3rd highest recipient of government welfare in the 90's? Welfare for the rich, tough love for the poor.
But that is not capitalism, that is socialism where they tax one individual to give it to another. Start reprealing the 16th amendment to put a stop to that.
no, socialism is where the means of production are owned in common, not by capitalists and not by state bureaucrats. No pure capitalists society has ever existed, nor would it work. we all live in state capitalist societies to one degree or another.
it was pre-capitalist. Did you know that US had highest tarrifs in the world! and it wasn't until 1913 with the income tax that tarrifs did not fund the majority of the budget! but, If it wasn't for tarrifs preventing higher quality and cheaper manufactured goods from england than infant industries would never have developed. it would have been too costly.
Pure capitalism and free markets don't work because wages drop too low and demand collapses as a result. infrastructure suffers as well.
What? The market will regulate itselt, when money leaves to another country the money supply will be less and goods will be cheaper, which means labor is cheaper, therefore exports can occur, but when you just print a bunch of money it makes goods more expensive and labor uncompetitive and no exports will occur.
Please do some research on mercantilsm, I believe you are misdiagnosing capitalism with mercantilism.
I'm talking about practice hear, not theory. this is how our economy developed. If you want to get technical, its not capitalism. True Capitalism and true free markets have never existed. It's a lot like what ghandi said of western civilization: "I think it MIGHT be a good idea"
me, I'm not so sure it, "might be," a good idea;
Capitalism leads to too much labor competition, low wages, inflated assets, and goods so cheap and shoddy they undermine local economies and overall growth.
Well, you're first problem is that you think capitalism leads to inflated assets. Pure capitalism will cause assets to deflate as more goods come into the economy with a stable money supply.
The problem is, we get flooded with cheap credit from the banks, which is not free markets. It's called counterfeiting.
See, that is where you are completely fraudulent in your thoughts. Wages would come down as deflation occurs and prices for consumers would also come down as a result. Thus benefitting everyone.
What you are saying, is that we need to be flooded with money so they can keep prices inflated. Your thoughts hold no water.
wrong, pure capitalism would work, at least as far as the evidence shows. The freer the market has been, the more prosperous people have been, even though there hasn't been a purely capitalist society.
on a side note, tariffs were a big part of why the Civil War started and Lincoln's tyrranical near-dictatorship seems to be applauded in the public school system. Not to mention that he supported tariffs as well and worse he was actually a white supremacist that wanted to ship blacks elsewhere
If you want to see evidence for capitalism, look at the places where it has been the most comprehensive; South America. Argentina in the 90's privatized social security, utlity's allowed massive inflows and outflows of capital and provided little by way of safety nets. Economic disaster occured. Thats what capitalism does.
Oh yeah, they were able to do so because all land was owned by the government.(thus taxes could be kept low). they leased land to businesses at a high rate and keep it artificially low for the poor. the UK paid for all defence so military spending was null. Hong Kong also has Free health care, and other generous welfare programs. But the gov't role as landlord and the lack of military spending is probably the key to it's success.
having things owned by the government doesn't mean being able to keep taxes low. The government usually runs in the red, which is why when they own stuff it usually calls for an increase in taxes.
But yes those things probably do play a role in it. However, a LARGE part was that it was so easy to open up a business without going through all sorts of governmental red tape.
If you look at gov't spending statistics and revenue you will find that having no military expenditures and good land management were key to Hong Kong's growth
makes sense. Military is a necessary thing for protection but it doesn't make you rich and drains the economy. Of course, regulations (not just spending in terms of % of GDP) make a huge difference as well. A regulation might not cost as much as military spending but can still stifle economic growth.
Sure if that was the actual RESULT of the regulation, then yeah I agree. Unfortunately, much of said legislation actually doesn't work and generally does more harm than good. Not to mention that the rationale for it was thought up of AFTER the legislation was passed (at least in the US).
There's a vid (actually several) concerning monopolies by Thomas DiLorenzo which can be found here on Youtube or mises(d0t)org
You should read "the great transformation" by karl polanyi. or at least look up the wiki on it. Good rationale for why regulation and protectionism happens and why it's likier to be whats more "natural" sociologically speaking,.
Of course it's natural for people to wanna be safe and natural for people to look at the short-term effects on a particular group instead of the long term effects on everyone.
I'm not making an argument over if it's a natural feeling or not, only that the intentions are often QUITE different from the actual results.
First we'll set up tax incentives to cause demand for these huge vehicles. Then everyone will buy one because it's a better deal than buying something more economical. Then the car company ignores the economy market since the profits are flowing on the monster vehicles. Then reality hits and people realize that cheap fuel isn't going to last much longer. The car companies are left holding the bag. The government comes in and takes over, the same government that produced the problem.
I'll never buy another GM or Chrysler vehicle. I will not support the unamerican act of government takeover of private business. Ford is the only american car maker left.
Thomas Woods needs to debate Michael Moore about General Motors. Both on the nationalization of the company and the economics behind "Roger And Me". Let's educate the Fat Flintian on the truth.
Tom Woods like Peter Schiff are brilliant. I have read both of their books and highly recommend them. Tom is right when he says the American people feel helpless; as our represenatives by and large are bought and paid for by the lobbyists. Vote everyone out next election; they'll get the message. If that does'nt work, then we take it to the streets.
The first thing I thought of when I heard about the "cyber attacks" taking place against the government is that it is a BS excuse to be able to shut the internet down when needed. If more of this type of stuff gets out and people get angry, as they should be, it is all over for the fat cats making their profit off of our tax dollars.
I love Tom Woods hes great. The Judge too. Search "Why You've Never Heard of the Great Depression of 1920" Its by Tom Woods. A very entertaining video and a video where you learn a lot.
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obama is very bad but these austrian school nuts, offer no solution too. what do they offer as the solution, a depression?
the only solution for america is 'the american system', but i am not sure if some of you libertarians has heard of it yet. if anyone wishes to learn what it is, so go to 'laroucheyouth' and watch the documentary '1932'.
p.s. it has become so boring for me to listen to those libertarian vs. socialist discourses, that don't address the real problem.
LOL the American System as in Lincoln/Henry Clay/Hamilton, as in mercantilist policies, fiat money, central bank, tariffs, corporate subsidies, general corporatism??
Yeah, I think I'll take my Austrian Economics, free markets, hard money, and liberty.
the austrian school (read: real, free-market, personal liberty economics) does offer a solution: reduce taxes, follow the rule of law, end fascism (government-business-- basically bailouts and hijacking contract law to benefit state-favored industries). your statement, "what do they offer as the solution, a depression?" is like a heroin addict saying, "i can't quit heroin, i'll feel sick!" more heroin will make you feel better for a minute, then kill you eventually. more state control, ...
Both ibertyplayground and dankfr33 are right on the money in describing what answers the Austrian School of Economics would bring to this situation and it's the one we need. Unfortunately trans national corps and banksters have control of most of congress and the white house so passing legislation that would bring about Austrian principles is going to be an uphill battle. But we're doing it day by day.
i agree with you up until the point where you say "trans national corps and banksters have control of most of congress". we need to stop falling into this trap.. it should be "congress has control of most of the trans national corps and banksters". speaking as if government is a victim in its relationship with business is only furthering the statist cause
Stating banksters have control does not imply a victim. In fact much of the house-senate love the power, influence & prestige they receive by working with the lobbyist-crooks. This does not further the statist cause but highlights the weakness of our republic & her people. We need to vote the crooks out & get honest folks in there who will obey the rule of law & the constitution. Simple as that. BUT until Americans wake up & get the crooks out - crooks/banksters will stay in control.
No, the point is that statists see the government as being a morally superior entity, liberated from the shackles of greed and profit motives. We need to do everything we can to dispel that myth. By saying that business is controlling congress, we inadvertently reinforce the statist's conception of business as an all powerful, all corrupting force which requires even MORE government power to combat.
gov't is the shadow cast by big business. For the business elite, government is flawed, in it is 'potentially' democratic. Statists attack it because they want to make sure that only the wealthy can influence it. how? they propagandize anti-politics to the masses causing them not to participate thus shutting them out of the policy making process.
We need to be clear that GOVERNMENT is the corrupting factor—a vehicle through which men are allowed to exert arbitrary, destructive powers that they would not have otherwise been able to exert under a free market system. In this case, we need to be absolutely clear and consistent in explaining that it was government intervention that disturbed the free market forces that would have otherwise checked the "greedy" banksters & international corporations.
Government, ironically, is the one thing we can potentially influence in a democratic way. Unlike the private and unacountable tyrannies of industrialists. One reason why they spread anti-government propoganda. but, in reality if the state where dissolved than capitalism and the so-called "free market" would quickly dissolve as well.
Um...they have offered plenty of solutions. Have you even looked for any?
'The American System', also known as Keynesianism, is what spawned the Federal Reserve and is what is currently bringing the global economy to it's knees.
The real problem has been addressed many times, with workable solutions. Check out Tom Woods' book Meltdown that was highlighted in this video if you want to expand your education.
"...The American System', also known as Keynesianism..."
WHAT???? you're misled!
watch?v=zdBgF2qY5R8
keynes is a british agent bastard, member of oligarchy he is a scholar of malthus. f.d. roosevelt never liked keynes. keynes is the opposite of the american system that lincoln and f.d. roosevelt had been implementing. by the way your austrian school is a delusion made by foreign oligarchs to perpetuate their status.
This is not Greed it is the NWO power grab. The government is taking over everything. This whole "economic collapse" was specifically engineered to allow them to take over everything, and to wipe out the middlke class. This is warfare on us, and which the Declaration of Independence says we have the right and duty to rise up and institute new government when our safety, well-being, happiness, is threatened.
Capitalistic greed is never good, that is only what they keep saying, consumers don't care about how much profit a corporation makes, they buy the product if they want it and the price is right
the corporations that make the product however, keep wanting to cut costs to get more money for doing the same old thing and that never lasts
greed is always present in humans, it just doesn't spontaneously erupt.
the real question is which system has the best checks and balances against it.
By cutting costs the company is making their product or service cheaper for a strata of consumers that couldn't previously afford it.
If the quality degraded with the cost cut measure, then the company would be hurt on loss of sales, let alone if they kill their customers they can't get anymore money from them.
that is also not what is happening because the company never tries to cut costs to make their product cheaper to a wider audience, because if you could see some of the dirt cheap production costs of some of the most wel known companies you would be disgusted at how high their profit magins are and if they were to cut their pices by 25% --to make their product cheaper and therefor more available to the public-- their would still make millions, even per day like Oil companies
high profit margins in situations you mentioned (I'm imagining CDs) only last so long as entrepreneurs flock to that field and start eating away at that high margin through competition. Record companies only have the high profit margin for so long because of their IP protection.
Of course oil companies have high profit margins (they also have frequent high loss margins), they're heavily dependent on Fixed Costs and constantly need capital to search for more sources of oil, to make more money.
ah yes but then you hear about "Peak oil" and that the fields are drying up Both of which have been a lie to incite the idea of Scarecity to be able to raise the prises
then you heard former president Bush give a speech that the Oil companies were running out of land to look for these new sources of Oil when they still have Huge amounts of Acres that they leave untouched in their posession + the fields they on purpose don't mess with and lable Reserves again Scarecity
You're suggeting Marxist nonsense: equalizing or normalizing society, which in the end, is brute force.
You're first point is right, consumers don't care about the corporations profit, and they don't have to. I support local business, and hope that local business supports me. This works, and is a great part of the division of labor.
The corporations have to always innovate and become more efficient or they won't last. What ALWAYS works is using your God-given talent the best you can.
if companies try to innovate and try to keep getting more efficient then what are patents of new inventions that will do just that doing in some dusty corner or the Archives never to see the light of day
because it would bankrupt them, people wouldn't need so much of their product therefor sales would go down
there used to be a famous Tractor Producer everyone would only need to buy one because they never broke down, they are out of busines because of it
Marxism has nothing to do with it? You, Calamarion, are funny. Marx coined the 'pejorative' term Capitalism charging greed as the culprit of classes and the world's problems, just as you are.
Your ignorance is no excuse. Companies must innovate via patents or efficiency improvements or labor shifting or mechanizations...whatever, there is no getting around keeping an elevator operator employeed. None.
Either make your product better & cheaper, offshore, or go bankrupt. I pick the 1st.
Greed is the problem and there will always be Classes because people like to put lables on things and belong to or identify with one or the other no matter which System you use Capitalisme or other
everything you named like Mechanization is all because of cost reduction, and all not needed to stay in business, all to maximise profit
Elevator operators are victim of the same thing, cost reduction the owners of the buildings didn't want to invest in them and are more a luxury then needed
Greed is not a problem as long as the rules and laws are obeyed. Greed is a benefit to the advancement and development of society. Greed is why I went to college
Mechanization is needed to stay in business, you are wrong on this point. All business action is to maximize profit
Elevator operators are not victims. Victims are those who are at the losing end of a crime. You can't save jobs that technology outphases, sorry, time to grow up
Greed is a problem it's the reason society is held back because the companies you praise for going overseas or bankrupt? don't want to change with the demand of the people like Electric cars or just solar power in general
All business cares for is to maximise profit but mechanization isn't needed to stay in business
it's to produce faster and then claim there is a scarcity of the stuff so you can maintain the same prices at lower cost
Elevator operators still exist in hotels that want them
Wrong again, greed is not the problem. Government intervention and central planning is. Going overseas to seek cheaper labor is a government function do to regulations, cartels, and unions-government support. This is cronysism. Greed is want. We all have want, we are all greedy. Some of us earn from our talents, while others from connections.
Mech/innov is always needed to stay in business in mfg. You can keep giving me neomarx nonsense, I'll point to innovation as the eternal solution
greed is the problem and that you lable Greed as Want is where you go wrong to begin with
if you want something you aren't greedy it's desire
if you desire more then is absolutly needed it's Greed
the Government has very little to do with keeping jobs from going overseas specialy if you look at their performance lately and when you know that the Big business have government in their pocket
eternal solution? is driving jobs overseas? to max profit for big business? what?
greed=need=desire=want etc this is symantics, and natural
the Govt has everything to do with jobs going overseas due to regulations and mercantile policy. Not all big business has govt in their pocket, and the exact opposite is becoming the latest trend.
ETERNAL SOLUTION is free market, free enterprise, equality in competition
Greed is Excessive need for something you don't really need it's not something you just want
it has never been a truly Free market or Equality in Competition , put option?
those that have the power aim to keep it and those that don't have it lust for it, if that's your thing
also if you want to talk about equality in Competition you should look at the Rules of Distribution and how much of the market share you need to be holding to be able to sell your product anywhere you like, interesting
Greed is want. You can NOT define excessive, nor can anyone You want government to intervene, I want government out of the picture altogether
Economic downturns in the US, starting with the big one in 1819 ALL have resulted from easy money from the US governments controlled and socialistic leaning central banks which let politically connected business enterprises destroy free market competition before they cause an economic bust via malinvestment
so.. ill leave it to you to consider the following: a worker's wages (costs to the producer) increase while his or her productivity (benefit to the producer) remains the same. does this increase or decrease the price of the product that he or she is producing? does this increase or decrease the chances that he or she will remain employed? and does this increase or decrease the chance that his or her employer will remain in business?
P.S. you dont capitalize "the govt"... unless u worship it
Why did you reply to me? All other variables held constant raising wages is a function of competitive market pressure among the labor pool, it must be done to keep the best talent. Raising wages to a worker who's skill do not grow kills the company.
Believe me Weeth, I do NOT worship the government.
I've been going round and round with him too. His neomarxian labor theory of value view was debunked in "Human Action", a book he would never agree with or even read.
The egalitarian utopianism b.s. myth won't die, hollywood, pop culture, the media etc won't let it die.
you're not making much sense in your arguement for low wages that the big Corporations crave for so much to seek it overseas..or go bankrupt love the black or white argument
you say that the high wages are because of the Goverment intervention
but then you say that superior productivity deserve high wages
then they are going to pay Chinese workers who are said to be the most productive, high wages (by their standard ofcourse)
no. this is where your lack of understanding of the concept of productivity hurts you. corporations dont "crave" low wages, they crave profits. a corporation would be happy to give wages of a billion dollars per hour—so long as those wages resulted in a positive net return. unions and govt interventions may increase wages beyond what workers might be worth to a company. in such a case, the inevitable (and predictable) result is either (1) higher unemployment or (2) bankrupcy. cough GM cough
the productivity of a working isn't so much important when it comes to profit because they always lust for more and will always want to pay you less for your labor to further profit by keeping costs of having you employed to a minimum
don't know why you mention GM because Ford? Honda? Fiat?
also they continued to be, including parts of the old company
Cal.. i encourage you to look up the definition of "productivity". but ill explain it in this way: imagine a scenario in which Ford creates an entirely mechanized, remote-controlled assembly line, where all that is required is for a single operator—pushing buttons—to control the entire assembly process. (1) that worker would be considered highly productive. (2) he would be paid a vast multiple of what a regular auto worker would be paid. (3) the cars would be much cheaper for consumers ....
(4) all of the workers who were formerly laboring on the assembly line would be freed up to be employed in other industries, making the entire economy more productive and efficient.
This is the only legitimate way individuals earn higher wages. This is the only legitimate way societies enjoy higher standards of living. This is the only way humanity and technology evolves.. and this is only made possible by those greedy, big business, profit hawks.
Look up the definition of Greed and you will see just that
Economic Downturns are because of the increasing and decreasing of the money supply yes and? but the Central bank which isn't controled by the Government is a Private institution with political ties
the Government as you may have heard in the news is Actualy trying to Shed some light on what the Central bank is actualy doing with all the Trillions, weird right that they have to get support on a bill to check the books if it's theirs?
Defining, legislating, and enforcing greed is your marxian egalitarian dream, interesting
The private indidual banks in the US 18th and 19th centuries did well if they didn't over reach. Read the US constitution.
It's the 3 US banks that caused all the booms, and caused all the busts....via cheap credit and manifold political blessings. Virtually all 19th century rail was built on govt funds, and all but Hill's private rail were boondoggles.
well i guess we agree: the Fed is a scam. but remember.. the Fed is the creation and the arm of the federal govt. with the creation of the Fed, the united states federal govt gained the ability to take the wealth of its citizens without engaging in direct taxation. with the Fed, they simply expropriate all of their wealth through inflation. print it, spend it on entitlement (dependency) programs, spend it on phantom wars, bridges to nowhere, political payoffs, etc. thats your "Government" for u
this is a diversion from the main point but ill indulge. government greed is the result of big business influence? how greedy were the apparatchiks of Soviet Russia? they destroyed all of those greedy businesses... in the name of the people. the result? over 20 million dead russians. starvation, deprivation, concentration camps, de facto slavery.. all while big government officials were living large.
The fact is that if govt constantly intervenes in an economy, businesses will naturally attempt
... to curry the favor of the govt in order to gain an illegitimate (non-market) advantage over their competitors. See, in a free market, advantages can only be gained through increased productivity, efficiency, desirable products, **competitive wages**, competitive prices (ie pleasing consumers). When govt steps in, advantages are gained through buying politicians... getting protective legislation that allows companies to be less efficient while making higher profits. What's corrupting what?
Also, its interesting that you say "big business" creates politicians and promotes them considering Obama just fired the CEO of GM and then promoted the government's man, Fritz Henderson. Curiously, the unions came out of the restructuring with a majority stake in the company with the govt a close second. The greedy investors got almost nothing. Are you still wondering why I *cough* GM *coughed*?
ugh.. you respond to what i specifically said was the most irrelevant part of all of my comments. again, ill indulge, but please respond to the points about productivity. ok, the point is not that Henderson is a politician. he's not. the point is that his predecessor was fired and that he was instituted directly by the President of the United States of America.
Regarding the Fed.. do you actually believe that the Fed is combating financial panics? fancy yourself a Marxo-Keynesian? odd
did i say i think that is what the Federal reserve is for? read again
when the Government starts buying up companies with this "bailout" money then there is very little they will have to say about it
and when they paid for it and appoint what is probably seen in their eyes as the man for the job because of his record with the Company in various parts of the field and world then why not
i don't care for lables, not my thing, but at some point i will grow bored with them and just stop
Quoting you: "Purpose of the Fed was to combat financial panics".
There is very little who will have to say about what?
I will concede for argument sake that the govt believes Henderson to be the man for the job. That is clearly not the point. You stated that "big business" institutes and controls politicians. I just gave you an example of the govt firing the CEO of one of the biggest businesses in America and instituting another. Do you think thats kosher? Youre dodging the productivity points
you really just stated that the govt has nothing to do with the cost of education. wow. that needs no response. the govt actually does affect the cost of all the things that you listed but i digress... because this is not the point.
American workers are expensive for 3 primary reasons (two of which result from govt intervention):
(1) they are more productive
(2) they have minimum wage laws imposed by the govt
(3) unions (backed by the govt) drive up the cost of workers
find me the post where i say that Government has nothing to do with the cost of Education because i didn't
i said that Government doesn't have a lot to do with the fact that the living costs for Employees in "this country" are higher then the foreign Employees
1 Chinese are said to be the most productive
2 China has Minimum wages and recently increased them aparently yet again
3 China has unions
so where did the west go "wrong" to have their jobs outsourced to China / India etc.
2 Certain parts of China are implementing minimum wages but they are equivalent to increasing an employees wage from $8 a month to $9 a month. Relatively speaking, it is nothing.
3. Please read about China's "unions" (it's really just one). In short, it is owned by the govt and, in the interest of economic growth, does little to nothing to increase wages.
but cal, points (2) and (3) are irrelevant so long as you fail to understand the concept of productivity. let me know when you do (seriously)
now, if it was just superior productivity that made American workers more expensive (a result solely of the free market), then there would be no need to ship jobs overseas because the decreased costs of production would offset the higher wages (there would be less workers making higher wages in that given industry). so, the only way to truly lose jobs in any meaningful way (ie textile, manufacturing, auto, etc), is to artificially increase wages without the requisite increases in productivity
All these BIG corporations get hand outs from the Government. Just because Ford never received any TARP money doesn't mean they haven't received government funds before.
Its a complete farce as long as the Central Bank creates money out of thin air that has no real value then money's value will decrease and the cost of items will increase (inflation). The only way to prevent this mathematically certain "recession" would be to return to the gold standard then inflation would be a thing of the past and money would retain a consistent value and there would never be an economic crisis. Ever.
The Sad part is they will never make a profit. The concession made were not on current employees. It is business as usuall and that is what brought them down. We the taxpayers should be furious. This is a loose loose situation.
I will never buy a GM now, let them stick em where the sun don't shine. I never liked a car that decides when it will turn it's own headlights off or lock it's own doors.
People before Profits!!!! hmmm sounds like a terry goodknid novel too, Faith of the Fallen where the Imperial Order demonizes people for succeeding in life to stupid to see the pore will only get poorer and continue to beg for handouts BTW Im out of work and I Dont believe this is the way, we need business to profit, hire and advance in technology without profit you get none of this!!! And Obama is Emperor Jagang using the peoples need for help to further push more government control.
Newsflash: WE are NOT the government! We don't own shit. The government is a bunch of nasty evil people that want to run our lives. This is NOT WE. Government=FAIL.
The government is interfering and overturning creditor rights not according to the law - clearly flouting the commercial codes, rules and regulations.
Furthermore, it looks like this is one step in a corporate-commercial merger between CANADA and the UNITED STATES and possibly with MEXICO with other insider deals like this.
The law is being rode roughshot over for the benefit of a few on the inside.
Not for long.... I believe the US Government will be insolvent before 2011. When they come knocking on our doors to collect on the 90% tax bill they'll impose to pay their debt... they'll be met with shotguns, AR-15s and any other weapon people can grab... the shit will hit the fan in a very nasty way if they keep it up... god I hope they don't keep it up... but I cannot see their arrogance waning at all.
Napolitano always reminds me of Jabba the Hutt.
DWRWC 6 months ago
Well If they are loosing several grand per car - how can they make it up?
By volume.
Martintfre 1 year ago
@Martintfre This makes no sense. Losing several grand per car and expanding production just means you lose even more money.
OutlawCongress 11 months ago
Judge Napolitano needs to takeover the show for Glenn Beck. Beck is a reactionary, Napolitano actually has principles.
CircleBastiat 1 year ago
@april90210
He does. It's called Freedom Watch.
Naufragus420 1 year ago
Judge Napolitano needs his own show.
ThePenWolf 1 year ago
@ThePenWolf He does. It's called Freedom Watch.
Naufragus420 1 year ago
"They don't want to be under govt control anymore than the government wants to control them"? Nice theory except for the fact that they are already under govt control and it is them and their banking buddies that have always loved gov't regulation, oversight and especially interference in the market so that competition is restricted and they can keep on collecting salaries. And the govt doesn't want to control and regulate business and industry? Since when? Maybe prior to 1791? LOL!
ddgallion 2 years ago 2
Sounds like many sectors in the production of goods have come to realize that if they manipulate the government they can use it like a tool to insure an advantage over their competition in the "free" market. If everyone is cheating the system what the fuck is left? Our republic has been hijacked by corrupt bankers and corporate leaders. Therefore our nation is adrift towards an abyss. Our liberties are now on the line.
lizardfirefighter110 2 years ago 2
Whenever I hear someone say that the government has "taken over the auto industry" I have to stop and think back to the CEOs blasting into D.C. to beg to be "taken over". As for the banks' "bail-out" money. They are paying that back faster than a cat can lick its ass. They don't want to be under government control anymore than the government wants to control THEM, but that makes for a boring story I guess.
kipptumor 2 years ago
this might be the first clip from fox that makes perfect sense. Tom Woods is on the money here.... and note how much better glen beck is without glen beck...
Bulldog22031 2 years ago 6
funny how the Glenn Beck Show is much more enjoyable without Glenn Beck. The Judge and Tom Woods are spot on!
huffdaddy76 2 years ago 20
huffdaddy76, I second that idea that several trillion times!
To me, Beck is full of himself, isn't an original thinker, & comes across more like a used car salesman than someone moderating key ideas Also, I disrespect how he interrupts guests. Often, he does so in order to show off what he "knows"--but it's never as good as what the guest is saying. Really effective hosts focus on making their guests look good ---rather than promoting themselves in ways that distract & annoy.
loveisthevehicle 2 years ago 5
You know what else makes Capitalism afective? will talkien about Capitalism in the U.S which I dought we have but if there is some form of Capitalism in the USA what will make it afective? 1. No IligalAleions or IligalImagrents meaning people how came here with ought documentasitions 2. no Free Trade 3 Trade 4 say yes to Imagrents how have come here with Doumts cus there verry afective and last but not least say yes to the American Tax payers and American workers . Thats all its not that Heard.
MightyFrenchWarbeast 2 years ago
Wronge anser Talonmccloud Pure Capitalism dose work when you add Trade as a simle Elemnt of Pure Capitalism to have capitalism to work afecvtively not only do you need Trade you need people wiling to work and the Infastrucer Caint have IligalImagraition and FreeTrade becuse The Comanastiton of FreeTrade and IligalImagraition renders Capitalism usless. what you need is people to work in theses factorys that have been borne and raised in there native lands Americans if we're talken about us.
MightyFrenchWarbeast 2 years ago
Goverment as are landlord is inefective ( Dr.Ron Paul) " Freedom dose a much beter job". A qrote frome a Viedo that had Ron Paul as a narater had said that qrote hes the owner of that qrote and what it means is that people inouther words us runing are own Health care Doctors cars so forth reduseses Money its a lot beter then Comunisum.
MightyFrenchWarbeast 2 years ago
Freedom for who? the landlord, the wealthy and the privileged politicians? that's what the so-called "free market" is my friends! I don't care what king of rhetoric they use, soviet union used and abused left-wing rhetoric all the time but it didn't mean didley squat!
talonmccloud 2 years ago
You are misplacing the free market with mercantilism.
A free market needs absolutely no intervention from a politician.
Bankingcartel 2 years ago 15
Are you kidding me Talonmccloud The Goverment runing everthing in the U.S telling us what we can use drink eat and what we can't eat drink and soforth thats Comunist. Ya know Comunisum is inafective look at North Korea, Iran, China Thounds of people have died ya know thats how inafective Comunisim is. Im just saying.
MightyFrenchWarbeast 2 years ago
No that's not communism, not even close. And Iran's not communist. And I'm not a communist anyway, nor would I ever defend totalitarianism! I'm a social anarchist, totalitarianism is complete anathema to me! However, last time I checked China's doing pretty well economically, not so much human rights and environmentally though. China is an example of extreme state capitalism, low wages, few regulations, state protected private enterprise and few personal liberties, A US capitalists wet dream!
talonmccloud 2 years ago
Capitalism is statism. without the subsidies from the state to the rich they would not survive in the market. This has been going on since the industrial revolution. Market discipline for the poor... subsidies for the rich. Remember how Newt Gingriches county (cobb) was the 3rd highest recipient of government welfare in the 90's? Welfare for the rich, tough love for the poor.
talonmccloud 2 years ago
But that is not capitalism, that is socialism where they tax one individual to give it to another. Start reprealing the 16th amendment to put a stop to that.
That is what they use to transfer wealth around.
Bankingcartel 2 years ago
no, socialism is where the means of production are owned in common, not by capitalists and not by state bureaucrats. No pure capitalists society has ever existed, nor would it work. we all live in state capitalist societies to one degree or another.
talonmccloud 2 years ago
And exactly why wouldn't pure capitalism work?
I can tell ya, in the days of Thomas Jefferson you had capitalism.
Bankingcartel 2 years ago
it was pre-capitalist. Did you know that US had highest tarrifs in the world! and it wasn't until 1913 with the income tax that tarrifs did not fund the majority of the budget! but, If it wasn't for tarrifs preventing higher quality and cheaper manufactured goods from england than infant industries would never have developed. it would have been too costly.
Pure capitalism and free markets don't work because wages drop too low and demand collapses as a result. infrastructure suffers as well.
talonmccloud 2 years ago
What? The market will regulate itselt, when money leaves to another country the money supply will be less and goods will be cheaper, which means labor is cheaper, therefore exports can occur, but when you just print a bunch of money it makes goods more expensive and labor uncompetitive and no exports will occur.
Please do some research on mercantilsm, I believe you are misdiagnosing capitalism with mercantilism.
Bankingcartel 2 years ago
I'm talking about practice hear, not theory. this is how our economy developed. If you want to get technical, its not capitalism. True Capitalism and true free markets have never existed. It's a lot like what ghandi said of western civilization: "I think it MIGHT be a good idea"
me, I'm not so sure it, "might be," a good idea;
Capitalism leads to too much labor competition, low wages, inflated assets, and goods so cheap and shoddy they undermine local economies and overall growth.
talonmccloud 2 years ago
Well, you're first problem is that you think capitalism leads to inflated assets. Pure capitalism will cause assets to deflate as more goods come into the economy with a stable money supply.
The problem is, we get flooded with cheap credit from the banks, which is not free markets. It's called counterfeiting.
Bankingcartel 2 years ago 5
we get flooded with cheap credit because downward pressure on wages leads to a collapse in consumer demand and only credit can pick up the slack.
Market economies do produce more goods albeit increasingly cheaper and poorer quality goods, but assests (like land) are a different matter.
talonmccloud 2 years ago
See, that is where you are completely fraudulent in your thoughts. Wages would come down as deflation occurs and prices for consumers would also come down as a result. Thus benefitting everyone.
What you are saying, is that we need to be flooded with money so they can keep prices inflated. Your thoughts hold no water.
Learn2FreeMarket.
Bankingcartel 2 years ago
wrong, pure capitalism would work, at least as far as the evidence shows. The freer the market has been, the more prosperous people have been, even though there hasn't been a purely capitalist society.
on a side note, tariffs were a big part of why the Civil War started and Lincoln's tyrranical near-dictatorship seems to be applauded in the public school system. Not to mention that he supported tariffs as well and worse he was actually a white supremacist that wanted to ship blacks elsewhere
stealthswimmer 2 years ago
If you want to see evidence for capitalism, look at the places where it has been the most comprehensive; South America. Argentina in the 90's privatized social security, utlity's allowed massive inflows and outflows of capital and provided little by way of safety nets. Economic disaster occured. Thats what capitalism does.
talonmccloud 2 years ago
lol, not really. Look at Hong Kong as they progressed (less so these days). They went from 3rd world to 1st world.
stealthswimmer 2 years ago
Oh yeah, they were able to do so because all land was owned by the government.(thus taxes could be kept low). they leased land to businesses at a high rate and keep it artificially low for the poor. the UK paid for all defence so military spending was null. Hong Kong also has Free health care, and other generous welfare programs. But the gov't role as landlord and the lack of military spending is probably the key to it's success.
talonmccloud 2 years ago
having things owned by the government doesn't mean being able to keep taxes low. The government usually runs in the red, which is why when they own stuff it usually calls for an increase in taxes.
But yes those things probably do play a role in it. However, a LARGE part was that it was so easy to open up a business without going through all sorts of governmental red tape.
stealthswimmer 2 years ago
If you look at gov't spending statistics and revenue you will find that having no military expenditures and good land management were key to Hong Kong's growth
talonmccloud 2 years ago
makes sense. Military is a necessary thing for protection but it doesn't make you rich and drains the economy. Of course, regulations (not just spending in terms of % of GDP) make a huge difference as well. A regulation might not cost as much as military spending but can still stifle economic growth.
stealthswimmer 2 years ago
depends on what type of regulation, if it's regulation which enables competition by preventing monopolies etc than it wouldn't stifle the economy.
talonmccloud 2 years ago
Sure if that was the actual RESULT of the regulation, then yeah I agree. Unfortunately, much of said legislation actually doesn't work and generally does more harm than good. Not to mention that the rationale for it was thought up of AFTER the legislation was passed (at least in the US).
There's a vid (actually several) concerning monopolies by Thomas DiLorenzo which can be found here on Youtube or mises(d0t)org
watch the one "The Myth of Natural Monopoly"
stealthswimmer 2 years ago
You should read "the great transformation" by karl polanyi. or at least look up the wiki on it. Good rationale for why regulation and protectionism happens and why it's likier to be whats more "natural" sociologically speaking,.
talonmccloud 2 years ago
Of course it's natural for people to wanna be safe and natural for people to look at the short-term effects on a particular group instead of the long term effects on everyone.
I'm not making an argument over if it's a natural feeling or not, only that the intentions are often QUITE different from the actual results.
stealthswimmer 2 years ago
That's not capitalism. It's corporatism/fascism or at least mercantilism at best.
stealthswimmer 2 years ago
absolutely! That is the reality of so-called "capitalism" in the west! You hit the nail on the head!
talonmccloud 2 years ago
First we'll set up tax incentives to cause demand for these huge vehicles. Then everyone will buy one because it's a better deal than buying something more economical. Then the car company ignores the economy market since the profits are flowing on the monster vehicles. Then reality hits and people realize that cheap fuel isn't going to last much longer. The car companies are left holding the bag. The government comes in and takes over, the same government that produced the problem.
singlespeak 2 years ago
end the fed!
jake4569 2 years ago 2
Y r we bailing out these companies? Let em die
a4finger 2 years ago
BECK has been grabbed by the FED via ACORN. when he gets back watch for the changes,if he even gets back.
Fockersnextdoor 2 years ago
where is glenn beck? anyone know?
Weeth 2 years ago
vacation
civilianfox 2 years ago
Now america is gonna use its blatant nationalism card to sell GM cars to the public.
"Buy GM cuz its American!"...
"Don't buy that euro or jap crap, support your country and buy GM!".
afthefragile 2 years ago
this is like living in a george orwell novel? Proletarian mobile? Whatever you say Dr. Hyperbole.
rsrs17 2 years ago
I'll never buy another GM or Chrysler vehicle. I will not support the unamerican act of government takeover of private business. Ford is the only american car maker left.
shooter348 2 years ago 2
Thomas Woods needs to debate Michael Moore about General Motors. Both on the nationalization of the company and the economics behind "Roger And Me". Let's educate the Fat Flintian on the truth.
donutfamilytree 2 years ago
The video Obama doesn't want you to see:
watch?v=QXEZSTQwGh8
The video Obama doesn't want you to see:
watch?v=QXEZSTQwGh8
NookulerFreedom 2 years ago
LRC name drop at the end!
pguitarb 2 years ago
Tom Woods like Peter Schiff are brilliant. I have read both of their books and highly recommend them. Tom is right when he says the American people feel helpless; as our represenatives by and large are bought and paid for by the lobbyists. Vote everyone out next election; they'll get the message. If that does'nt work, then we take it to the streets.
ronheri 2 years ago 3
The first thing I thought of when I heard about the "cyber attacks" taking place against the government is that it is a BS excuse to be able to shut the internet down when needed. If more of this type of stuff gets out and people get angry, as they should be, it is all over for the fat cats making their profit off of our tax dollars.
luchamini 2 years ago 2
what i wouldn't give to be able to speak like tom woods. amazing orator and great mind.
tiko2114 2 years ago 2
I love Tom Woods hes great. The Judge too. Search "Why You've Never Heard of the Great Depression of 1920" Its by Tom Woods. A very entertaining video and a video where you learn a lot.
NicosMind 2 years ago 2
I'd much rather watch this guy than that asshole Glenn Beck
spkrcity 2 years ago 3
Judge for PREZ!
fredrogala 2 years ago 3
The Judge should have this TV slot, not Beck.
sLeepPastNooN 2 years ago 6
Woods nailed it. Hope he has more shows lined up. His book is sure to persuade people.
MooseOfReason 2 years ago 2
Republicans under GWB gave us "socialism lite" so now comes Obama with the real deal.
The Bush family has done more to destroy the Republican party than any Democrat.
Skeptic121 2 years ago 2
This comment has received too many negative votes show
obama is very bad but these austrian school nuts, offer no solution too. what do they offer as the solution, a depression?
the only solution for america is 'the american system', but i am not sure if some of you libertarians has heard of it yet. if anyone wishes to learn what it is, so go to 'laroucheyouth' and watch the documentary '1932'.
p.s. it has become so boring for me to listen to those libertarian vs. socialist discourses, that don't address the real problem.
prosvjeta 2 years ago
LOL the American System as in Lincoln/Henry Clay/Hamilton, as in mercantilist policies, fiat money, central bank, tariffs, corporate subsidies, general corporatism??
Yeah, I think I'll take my Austrian Economics, free markets, hard money, and liberty.
libertyplayground 2 years ago 7
the austrian school (read: real, free-market, personal liberty economics) does offer a solution: reduce taxes, follow the rule of law, end fascism (government-business-- basically bailouts and hijacking contract law to benefit state-favored industries). your statement, "what do they offer as the solution, a depression?" is like a heroin addict saying, "i can't quit heroin, i'll feel sick!" more heroin will make you feel better for a minute, then kill you eventually. more state control, ...
dankfr33 2 years ago 2
Hey prosvjeta -
Both ibertyplayground and dankfr33 are right on the money in describing what answers the Austrian School of Economics would bring to this situation and it's the one we need. Unfortunately trans national corps and banksters have control of most of congress and the white house so passing legislation that would bring about Austrian principles is going to be an uphill battle. But we're doing it day by day.
ryanthomastew 2 years ago
i agree with you up until the point where you say "trans national corps and banksters have control of most of congress". we need to stop falling into this trap.. it should be "congress has control of most of the trans national corps and banksters". speaking as if government is a victim in its relationship with business is only furthering the statist cause
Weeth 2 years ago
Stating banksters have control does not imply a victim. In fact much of the house-senate love the power, influence & prestige they receive by working with the lobbyist-crooks. This does not further the statist cause but highlights the weakness of our republic & her people. We need to vote the crooks out & get honest folks in there who will obey the rule of law & the constitution. Simple as that. BUT until Americans wake up & get the crooks out - crooks/banksters will stay in control.
ryanthomastew 2 years ago
No, the point is that statists see the government as being a morally superior entity, liberated from the shackles of greed and profit motives. We need to do everything we can to dispel that myth. By saying that business is controlling congress, we inadvertently reinforce the statist's conception of business as an all powerful, all corrupting force which requires even MORE government power to combat.
Weeth 2 years ago 2
gov't is the shadow cast by big business. For the business elite, government is flawed, in it is 'potentially' democratic. Statists attack it because they want to make sure that only the wealthy can influence it. how? they propagandize anti-politics to the masses causing them not to participate thus shutting them out of the policy making process.
talonmccloud 2 years ago
We need to be clear that GOVERNMENT is the corrupting factor—a vehicle through which men are allowed to exert arbitrary, destructive powers that they would not have otherwise been able to exert under a free market system. In this case, we need to be absolutely clear and consistent in explaining that it was government intervention that disturbed the free market forces that would have otherwise checked the "greedy" banksters & international corporations.
Weeth 2 years ago 2
Government, ironically, is the one thing we can potentially influence in a democratic way. Unlike the private and unacountable tyrannies of industrialists. One reason why they spread anti-government propoganda. but, in reality if the state where dissolved than capitalism and the so-called "free market" would quickly dissolve as well.
talonmccloud 2 years ago
Um...they have offered plenty of solutions. Have you even looked for any?
'The American System', also known as Keynesianism, is what spawned the Federal Reserve and is what is currently bringing the global economy to it's knees.
The real problem has been addressed many times, with workable solutions. Check out Tom Woods' book Meltdown that was highlighted in this video if you want to expand your education.
Taors 2 years ago
"...The American System', also known as Keynesianism..."
WHAT???? you're misled!
watch?v=zdBgF2qY5R8
keynes is a british agent bastard, member of oligarchy he is a scholar of malthus. f.d. roosevelt never liked keynes. keynes is the opposite of the american system that lincoln and f.d. roosevelt had been implementing. by the way your austrian school is a delusion made by foreign oligarchs to perpetuate their status.
listen more to webster g. tarpley or
watch?v=RgcdRCWEt4Q
prosvjeta 2 years ago
"Foreign oligarchs" oppose central banking? Nice try, crank.
You know nothing about Austrian economics. Tell me, what are your thoughts on Austrian price theory? Any idea what I'm even talking about?
tewj57 2 years ago 4
This has been flagged as spam show
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killuminatiAFF 2 years ago
Woods snuck in "Lew Rockwell"....hahaha....good for him!
Nickelodeon2002 2 years ago 2
yeah haha
audioX1 2 years ago
Ron Paul 2012!!!!!!!!!!!!!!!!!
numba1stunna4269 2 years ago 3
This is not Greed it is the NWO power grab. The government is taking over everything. This whole "economic collapse" was specifically engineered to allow them to take over everything, and to wipe out the middlke class. This is warfare on us, and which the Declaration of Independence says we have the right and duty to rise up and institute new government when our safety, well-being, happiness, is threatened.
This is not America anymore....
Gilgamesh73 2 years ago 2
EVERYONE HAS TO SEE THIS NOW!!
watch?v=QXEZSTQwGh8
Gilgamesh73 2 years ago
Glenn Beck = Controlled Opposition
Fire the traitor Beck and get the Judge to host the show.
Gilgamesh73 2 years ago 4
Barack Obama tapes this show and watches it nightly.
He agrees with the bulk of the conclusions and rails against the New World Order shills in Washington who are conspiring to hurt America.
He hates Czars most of all.
fomastephanovitch 2 years ago
Obama is NWO. YouTube The Obama Deception HQ
Kitswain59 2 years ago 4
Bye Chrysler, bye bye. Bye GM, bye bye.
Should have given UAW the finger. Should have built better vehicles.
Should have, should have.
Woods and Napolitano rock!
cattleprods911 2 years ago 3
This is only the symptom of the real disease! Fire Congress and get the Usurper in Chief evicted from the Whote House!
generationkeeper 2 years ago 3
Kinda glad I drive a Ford now.
chevydriver1123 2 years ago 3
Greed pure and simple
no matter what you ask for a product
money, gold, silver, pig's ears, seashells
Calamarion 2 years ago
Capitalistic greed only works if you please consumers. There is nothing wrong with this.
Mercantilistic greed only works if you have the right political connections.
It's the latter that is the case here.
cattleprods911 2 years ago 2
Capitalistic greed is never good, that is only what they keep saying, consumers don't care about how much profit a corporation makes, they buy the product if they want it and the price is right
the corporations that make the product however, keep wanting to cut costs to get more money for doing the same old thing and that never lasts
in the end Greed never works
which ever type of it
Calamarion 2 years ago
greed is always present in humans, it just doesn't spontaneously erupt.
the real question is which system has the best checks and balances against it.
By cutting costs the company is making their product or service cheaper for a strata of consumers that couldn't previously afford it.
If the quality degraded with the cost cut measure, then the company would be hurt on loss of sales, let alone if they kill their customers they can't get anymore money from them.
JumpinJesuits 2 years ago
that is also not what is happening because the company never tries to cut costs to make their product cheaper to a wider audience, because if you could see some of the dirt cheap production costs of some of the most wel known companies you would be disgusted at how high their profit magins are and if they were to cut their pices by 25% --to make their product cheaper and therefor more available to the public-- their would still make millions, even per day like Oil companies
but they won't
Calamarion 2 years ago
high profit margins in situations you mentioned (I'm imagining CDs) only last so long as entrepreneurs flock to that field and start eating away at that high margin through competition. Record companies only have the high profit margin for so long because of their IP protection.
Of course oil companies have high profit margins (they also have frequent high loss margins), they're heavily dependent on Fixed Costs and constantly need capital to search for more sources of oil, to make more money.
JumpinJesuits 2 years ago
ah yes but then you hear about "Peak oil" and that the fields are drying up Both of which have been a lie to incite the idea of Scarecity to be able to raise the prises
then you heard former president Bush give a speech that the Oil companies were running out of land to look for these new sources of Oil when they still have Huge amounts of Acres that they leave untouched in their posession + the fields they on purpose don't mess with and lable Reserves again Scarecity
like with Diamonds
Calamarion 2 years ago
You're suggeting Marxist nonsense: equalizing or normalizing society, which in the end, is brute force.
You're first point is right, consumers don't care about the corporations profit, and they don't have to. I support local business, and hope that local business supports me. This works, and is a great part of the division of labor.
The corporations have to always innovate and become more efficient or they won't last. What ALWAYS works is using your God-given talent the best you can.
cattleprods911 2 years ago
Marxisme has nothing to do with it
if companies try to innovate and try to keep getting more efficient then what are patents of new inventions that will do just that doing in some dusty corner or the Archives never to see the light of day
because it would bankrupt them, people wouldn't need so much of their product therefor sales would go down
there used to be a famous Tractor Producer everyone would only need to buy one because they never broke down, they are out of busines because of it
Calamarion 2 years ago
Marxism has nothing to do with it? You, Calamarion, are funny. Marx coined the 'pejorative' term Capitalism charging greed as the culprit of classes and the world's problems, just as you are.
Your ignorance is no excuse. Companies must innovate via patents or efficiency improvements or labor shifting or mechanizations...whatever, there is no getting around keeping an elevator operator employeed. None.
Either make your product better & cheaper, offshore, or go bankrupt. I pick the 1st.
cattleprods911 2 years ago
Greed is the problem and there will always be Classes because people like to put lables on things and belong to or identify with one or the other no matter which System you use Capitalisme or other
everything you named like Mechanization is all because of cost reduction, and all not needed to stay in business, all to maximise profit
Elevator operators are victim of the same thing, cost reduction the owners of the buildings didn't want to invest in them and are more a luxury then needed
Calamarion 2 years ago
Greed is not a problem as long as the rules and laws are obeyed. Greed is a benefit to the advancement and development of society. Greed is why I went to college
Mechanization is needed to stay in business, you are wrong on this point. All business action is to maximize profit
Elevator operators are not victims. Victims are those who are at the losing end of a crime. You can't save jobs that technology outphases, sorry, time to grow up
Your egalitarian neo-marxian nonsense is funny
cattleprods911 2 years ago
Greed is a problem it's the reason society is held back because the companies you praise for going overseas or bankrupt? don't want to change with the demand of the people like Electric cars or just solar power in general
All business cares for is to maximise profit but mechanization isn't needed to stay in business
it's to produce faster and then claim there is a scarcity of the stuff so you can maintain the same prices at lower cost
Elevator operators still exist in hotels that want them
Calamarion 2 years ago
Wrong again, greed is not the problem. Government intervention and central planning is. Going overseas to seek cheaper labor is a government function do to regulations, cartels, and unions-government support. This is cronysism. Greed is want. We all have want, we are all greedy. Some of us earn from our talents, while others from connections.
Mech/innov is always needed to stay in business in mfg. You can keep giving me neomarx nonsense, I'll point to innovation as the eternal solution
cattleprods911 2 years ago
greed is the problem and that you lable Greed as Want is where you go wrong to begin with
if you want something you aren't greedy it's desire
if you desire more then is absolutly needed it's Greed
the Government has very little to do with keeping jobs from going overseas specialy if you look at their performance lately and when you know that the Big business have government in their pocket
eternal solution? is driving jobs overseas? to max profit for big business? what?
Calamarion 2 years ago
greed=need=desire=want etc this is symantics, and natural
the Govt has everything to do with jobs going overseas due to regulations and mercantile policy. Not all big business has govt in their pocket, and the exact opposite is becoming the latest trend.
ETERNAL SOLUTION is free market, free enterprise, equality in competition
cattleprods911 2 years ago
Greed is Excessive need for something you don't really need it's not something you just want
it has never been a truly Free market or Equality in Competition , put option?
those that have the power aim to keep it and those that don't have it lust for it, if that's your thing
also if you want to talk about equality in Competition you should look at the Rules of Distribution and how much of the market share you need to be holding to be able to sell your product anywhere you like, interesting
Calamarion 2 years ago
Greed is want. You can NOT define excessive, nor can anyone You want government to intervene, I want government out of the picture altogether
Economic downturns in the US, starting with the big one in 1819 ALL have resulted from easy money from the US governments controlled and socialistic leaning central banks which let politically connected business enterprises destroy free market competition before they cause an economic bust via malinvestment
And you want more government, interesting
cattleprods911 2 years ago
so.. ill leave it to you to consider the following: a worker's wages (costs to the producer) increase while his or her productivity (benefit to the producer) remains the same. does this increase or decrease the price of the product that he or she is producing? does this increase or decrease the chances that he or she will remain employed? and does this increase or decrease the chance that his or her employer will remain in business?
P.S. you dont capitalize "the govt"... unless u worship it
Weeth 2 years ago
Why did you reply to me? All other variables held constant raising wages is a function of competitive market pressure among the labor pool, it must be done to keep the best talent. Raising wages to a worker who's skill do not grow kills the company.
Believe me Weeth, I do NOT worship the government.
cattleprods911 2 years ago
my bad—'twas meant for calamarion. we agree
Weeth 2 years ago
I've been going round and round with him too. His neomarxian labor theory of value view was debunked in "Human Action", a book he would never agree with or even read.
The egalitarian utopianism b.s. myth won't die, hollywood, pop culture, the media etc won't let it die.
Mises was right.
cattleprods911 2 years ago
he just stated, rather assertively, that chinese workers are the most productive workers in the world. define: embarrassing
Weeth 2 years ago
you're not making much sense in your arguement for low wages that the big Corporations crave for so much to seek it overseas..or go bankrupt love the black or white argument
you say that the high wages are because of the Goverment intervention
but then you say that superior productivity deserve high wages
then they are going to pay Chinese workers who are said to be the most productive, high wages (by their standard ofcourse)
no
how much would you say Rent is in Beijing
Calamarion 2 years ago
no. this is where your lack of understanding of the concept of productivity hurts you. corporations dont "crave" low wages, they crave profits. a corporation would be happy to give wages of a billion dollars per hour—so long as those wages resulted in a positive net return. unions and govt interventions may increase wages beyond what workers might be worth to a company. in such a case, the inevitable (and predictable) result is either (1) higher unemployment or (2) bankrupcy. cough GM cough
Weeth 2 years ago
the productivity of a working isn't so much important when it comes to profit because they always lust for more and will always want to pay you less for your labor to further profit by keeping costs of having you employed to a minimum
don't know why you mention GM because Ford? Honda? Fiat?
also they continued to be, including parts of the old company
Calamarion 2 years ago
Cal.. i encourage you to look up the definition of "productivity". but ill explain it in this way: imagine a scenario in which Ford creates an entirely mechanized, remote-controlled assembly line, where all that is required is for a single operator—pushing buttons—to control the entire assembly process. (1) that worker would be considered highly productive. (2) he would be paid a vast multiple of what a regular auto worker would be paid. (3) the cars would be much cheaper for consumers ....
Weeth 2 years ago
(4) all of the workers who were formerly laboring on the assembly line would be freed up to be employed in other industries, making the entire economy more productive and efficient.
This is the only legitimate way individuals earn higher wages. This is the only legitimate way societies enjoy higher standards of living. This is the only way humanity and technology evolves.. and this is only made possible by those greedy, big business, profit hawks.
Weeth 2 years ago
Look up the definition of Greed and you will see just that
Economic Downturns are because of the increasing and decreasing of the money supply yes and? but the Central bank which isn't controled by the Government is a Private institution with political ties
the Government as you may have heard in the news is Actualy trying to Shed some light on what the Central bank is actualy doing with all the Trillions, weird right that they have to get support on a bill to check the books if it's theirs?
Calamarion 2 years ago
Defining, legislating, and enforcing greed is your marxian egalitarian dream, interesting
The private indidual banks in the US 18th and 19th centuries did well if they didn't over reach. Read the US constitution.
It's the 3 US banks that caused all the booms, and caused all the busts....via cheap credit and manifold political blessings. Virtually all 19th century rail was built on govt funds, and all but Hill's private rail were boondoggles.
The US senate invoked rule 16, blocking us
cattleprods911 2 years ago
well i guess we agree: the Fed is a scam. but remember.. the Fed is the creation and the arm of the federal govt. with the creation of the Fed, the united states federal govt gained the ability to take the wealth of its citizens without engaging in direct taxation. with the Fed, they simply expropriate all of their wealth through inflation. print it, spend it on entitlement (dependency) programs, spend it on phantom wars, bridges to nowhere, political payoffs, etc. thats your "Government" for u
Weeth 2 years ago
i know Government is just as greedy as the people in big business you idolise because they are put there and promoted by the same big business
the fed is not created to do any of the things you mentioned but it can be used for it depending who is in charge
which is funny because when you look at how the Federal Reserve Act came to be there were plenty in the same Government that opposed it
interesting
Aldrich-Vreeland Act
National Monetary Commission
again Greed
Calamarion 2 years ago
this is a diversion from the main point but ill indulge. government greed is the result of big business influence? how greedy were the apparatchiks of Soviet Russia? they destroyed all of those greedy businesses... in the name of the people. the result? over 20 million dead russians. starvation, deprivation, concentration camps, de facto slavery.. all while big government officials were living large.
The fact is that if govt constantly intervenes in an economy, businesses will naturally attempt
Weeth 2 years ago
... to curry the favor of the govt in order to gain an illegitimate (non-market) advantage over their competitors. See, in a free market, advantages can only be gained through increased productivity, efficiency, desirable products, **competitive wages**, competitive prices (ie pleasing consumers). When govt steps in, advantages are gained through buying politicians... getting protective legislation that allows companies to be less efficient while making higher profits. What's corrupting what?
Weeth 2 years ago
what do you think the purpose of the Fed is, Cal?
Also, its interesting that you say "big business" creates politicians and promotes them considering Obama just fired the CEO of GM and then promoted the government's man, Fritz Henderson. Curiously, the unions came out of the restructuring with a majority stake in the company with the govt a close second. The greedy investors got almost nothing. Are you still wondering why I *cough* GM *coughed*?
Weeth 2 years ago
Purpose of the Fed was to combat financial panics as it is stated in the Act
seeing as this Politician you say they replaced the CEO with has a many year career at GM starting from around 1992 i don't see the problem
the big business Fritz Henderson that has a history in many top positions at GM and GM-LAAM being appointed as the new CEO by Obama, explain
Calamarion 2 years ago
ugh.. you respond to what i specifically said was the most irrelevant part of all of my comments. again, ill indulge, but please respond to the points about productivity. ok, the point is not that Henderson is a politician. he's not. the point is that his predecessor was fired and that he was instituted directly by the President of the United States of America.
Regarding the Fed.. do you actually believe that the Fed is combating financial panics? fancy yourself a Marxo-Keynesian? odd
Weeth 2 years ago
did i say i think that is what the Federal reserve is for? read again
when the Government starts buying up companies with this "bailout" money then there is very little they will have to say about it
and when they paid for it and appoint what is probably seen in their eyes as the man for the job because of his record with the Company in various parts of the field and world then why not
i don't care for lables, not my thing, but at some point i will grow bored with them and just stop
Calamarion 2 years ago
Quoting you: "Purpose of the Fed was to combat financial panics".
There is very little who will have to say about what?
I will concede for argument sake that the govt believes Henderson to be the man for the job. That is clearly not the point. You stated that "big business" institutes and controls politicians. I just gave you an example of the govt firing the CEO of one of the biggest businesses in America and instituting another. Do you think thats kosher? Youre dodging the productivity points
Weeth 2 years ago
companies employ foreigners because it is too expensive to employee people in this country. this has absolutely everything to do with government.
P.S. interesting how you capitalize "government". very telling
Weeth 2 years ago
no Government doesn't have a lot to do with the fact that the living costs for employees in "this country" are higher then for the foreign employees
the Government doesn't decide the cost of housing, food & water, Education and the likes
if you want that then you should look at Examples where the Government pays for or pays part of living costs like in China
don't know what you mean with Telling by tha capitol G in Government but mkay eh...thanks i think
Calamarion 2 years ago
you really just stated that the govt has nothing to do with the cost of education. wow. that needs no response. the govt actually does affect the cost of all the things that you listed but i digress... because this is not the point.
American workers are expensive for 3 primary reasons (two of which result from govt intervention):
(1) they are more productive
(2) they have minimum wage laws imposed by the govt
(3) unions (backed by the govt) drive up the cost of workers
Weeth 2 years ago
find me the post where i say that Government has nothing to do with the cost of Education because i didn't
i said that Government doesn't have a lot to do with the fact that the living costs for Employees in "this country" are higher then the foreign Employees
1 Chinese are said to be the most productive
2 China has Minimum wages and recently increased them aparently yet again
3 China has unions
so where did the west go "wrong" to have their jobs outsourced to China / India etc.
Calamarion 2 years ago
2 Certain parts of China are implementing minimum wages but they are equivalent to increasing an employees wage from $8 a month to $9 a month. Relatively speaking, it is nothing.
3. Please read about China's "unions" (it's really just one). In short, it is owned by the govt and, in the interest of economic growth, does little to nothing to increase wages.
but cal, points (2) and (3) are irrelevant so long as you fail to understand the concept of productivity. let me know when you do (seriously)
Weeth 2 years ago
now, if it was just superior productivity that made American workers more expensive (a result solely of the free market), then there would be no need to ship jobs overseas because the decreased costs of production would offset the higher wages (there would be less workers making higher wages in that given industry). so, the only way to truly lose jobs in any meaningful way (ie textile, manufacturing, auto, etc), is to artificially increase wages without the requisite increases in productivity
Weeth 2 years ago
This comment has received too many negative votes show
These big corporations should be owned by the people. We built them to what they are today the problem is upper management hosed them all up.
We don't need the Banks we have a treasury. We don't need insurance companies if we pool our insurance funds in one place.
The current machine is fake and we fell for it for at least 100 years now.
The people will build the best damn car on the road.
Peace
CosmosPrivateer 2 years ago
They already have... Ford mustang!.. and they didn't take a damn cent from the bailouts.
hazballs09 2 years ago 2
All these BIG corporations get hand outs from the Government. Just because Ford never received any TARP money doesn't mean they haven't received government funds before.
Wake up the machine is dead long live the people.
Peace
CosmosPrivateer 2 years ago
We own 61% of a turd, great
ucjb2 2 years ago 10
Its a complete farce as long as the Central Bank creates money out of thin air that has no real value then money's value will decrease and the cost of items will increase (inflation). The only way to prevent this mathematically certain "recession" would be to return to the gold standard then inflation would be a thing of the past and money would retain a consistent value and there would never be an economic crisis. Ever.
matty1071 2 years ago 3
The Sad part is they will never make a profit. The concession made were not on current employees. It is business as usuall and that is what brought them down. We the taxpayers should be furious. This is a loose loose situation.
quizerry 2 years ago 2
If I own 61% of GM then I would like some say as a share holder!
Stime64 2 years ago
I will never buy a GM now, let them stick em where the sun don't shine. I never liked a car that decides when it will turn it's own headlights off or lock it's own doors.
Fockersnextdoor 2 years ago 5
The car assumes you're either lazy or stupid.
VexRiot 2 years ago
Someone has to make the governments hummers. F**KING FACISTS!
PairoftheSocks 2 years ago
LOL PairoftheSocks... and her name was Monica Lewinski!
losplatosdemaria 2 years ago
I think China bought the Hummer.
chevydriver1123 2 years ago
Since I'm part owner of GM, I want an 80%discount on a Corvette.
MishuTaste 2 years ago 2
He should take over this show.
heavyarms117 2 years ago 3
The only time I watch Glenn Beck's show is when Judge Andrew Napolitano is the host and Glenn is nowhere to be found.
M14Mann 2 years ago 6
sign up for campaign for liberty campaignforliberty [.] com
bradleyshorwith 2 years ago
RON PAUL!!!!!!!
shiatstain 2 years ago 3
FREEMASON!!!
dimaniak 2 years ago
I almost think obama is fucking up on purpose just to see what it would take for the public to actually do something about it.
liberty013 2 years ago 5
look at the bright side if GM ever starts making a profit we all get checks righ
thughug22 2 years ago
no, they'll just give more money to the union heads
rocktbone 2 years ago
ha ha ha keep dreaming pal, u and i will never see 1 cent from any imaginary profits
TheMethadoneParty 2 years ago
"The dreary helplessness of the voting public" Tom Woods
mcgrawtim123 2 years ago
BYE BYE GLEN BECK, HELLO JUDGE NAPO
odin422 2 years ago 6
wake up sheep!
KnowledgesPower 2 years ago
wow, he said it how it is, Federal Reserve a private company with share holders who are the "insiders" who benefit on the downside of our economy.
brodudemonkey 2 years ago 3
People before Profits!!!! hmmm sounds like a terry goodknid novel too, Faith of the Fallen where the Imperial Order demonizes people for succeeding in life to stupid to see the pore will only get poorer and continue to beg for handouts BTW Im out of work and I Dont believe this is the way, we need business to profit, hire and advance in technology without profit you get none of this!!! And Obama is Emperor Jagang using the peoples need for help to further push more government control.
jsouthpaww 2 years ago 3
Newsflash: WE are NOT the government! We don't own shit. The government is a bunch of nasty evil people that want to run our lives. This is NOT WE. Government=FAIL.
escapethecollapse 2 years ago 4
GM blows. I never have and never will buy one. What a waste!
nogl0001 2 years ago 2
govt doesn't know shit about profit, lmao i mean look at their balance sheet, look at how Amtrak and USPS operate, epic failures
ForTehNguyen 2 years ago 5
A dissenting view... They know exactly how to profit. How many citizens pay taxes EVERY day?
They aren't producing anything but profit. No products, no services, simply profit.
JimmityJangles 2 years ago 2
The government is interfering and overturning creditor rights not according to the law - clearly flouting the commercial codes, rules and regulations.
Furthermore, it looks like this is one step in a corporate-commercial merger between CANADA and the UNITED STATES and possibly with MEXICO with other insider deals like this.
The law is being rode roughshot over for the benefit of a few on the inside.
OneManAndHisFiction 2 years ago
I will never ever buy a GM car again. Boycott all US cars.
PatriotsRepublic 2 years ago 8
Even if you don't own a GM car you still own GM
zappos49 2 years ago 3
Not for long.... I believe the US Government will be insolvent before 2011. When they come knocking on our doors to collect on the 90% tax bill they'll impose to pay their debt... they'll be met with shotguns, AR-15s and any other weapon people can grab... the shit will hit the fan in a very nasty way if they keep it up... god I hope they don't keep it up... but I cannot see their arrogance waning at all.
PatriotsRepublic 2 years ago 6