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  • they're both wrong

  • dude, English politics is hella entertaining! if C-SPAN was like this, i'd totally tune in!

  • Ahhhhhhhh Maggy - you legend !

  • @TheHarryButtery Great Britain= 88,745 miles and 60 million people

    USA= 3.79 million square miles and 312 million people.

    Washington does not have the resources do give universal healthcare to everyone. It would not work for us. Even the CBO declared it would cost 1 trillion dollars to fund. I believe in less government intervention, however light regulation will be needed to stop monopolizing health care companies. It may work for you, but not for us. Were in Debt! We cant just tax the rich!

  • @TheHarryButtery By the way in the US the top 1% pays for 22% of USA taxes. Bottom 40% pays 10%. Who says America doesnt tax the rich!? When economy goes bad, people complain that the govt should fix it, When It Was the Govt Who Got Them In Their Fiscal Situation!

    Capitalism and Corporatism are polar opposite, and thats where D.C. has failed. Quit the lobbying in politics, quit inefficient govt plans, quit govt bailouts, and vote RON PAUL! lol

  • @mtstatehk

    Lies, dam lies [spin] & statistics:

    Given that the top 1% pay such a high %age of the overall tax collected; does this not suggest to you that in spite of Romney et al ONLY paying 15% tax on his millions he "earns" [although earns isn't really what he does IS IT!!] that the top 1% are actually disproportionately creaming-off more than their fair share of any any growth in the economy!?

    PS - & YES!! the rich should at the very least pay tax at the same rate as everyone else!!

  • @pinickityme No its not lies. The rich in America pay i think 32% of their income to taxes. The top 1% do pay for 22% of Americas taxes, you cant ignore that fact just because it isnt what you believe. Romney is a dousche lobbyist and should pay more than 15%. As should all US politicians. Ron Paul is the only candidate that votes no on congressional pay raise and doesnt take out of a govt pension plan, and even gives 1/3 of his paycheck back to the US treasury, and doesnt lobby.

  • @mtstatehk

    ffs!!!

    I DO believe the top 1% pay 22% of the US tax take!! But if you THINK Romney is so much in the minority [which I doubt] then prove it!! Let's have ALL the tax returns of ALL the top 1% then eh!?

    Moreover, IF they pay such a high proportion of the tax take then don't you think that means they are creaming of a disproportionate %age of the growth of the US economy!!

    During the last 30 years only the top 1% have seen an increase in real terms in their income!! Explain that!?

  • @pinickityme Umm NO. All income brackets have seen a rise in income in real terms. Moreover top 1% have high mobility. People who are in 1% today, were not in the 1% 30 years ago.

    And you're arguing we should lower everyone's tax rate to 15% then I agree.

  • @H1TMANactual

    Is that so; whilst the figures suggest that the skilled workforce have seen a real terms pay rise [10 -15%] it seems that the unskilled have taken a hit but that the top 1% have seen an have seen their wage packages grow at an extraordinary rate.

  • @pinickityme And why does it matter how much the income of top 1% has gone up?? I already explained to you the income mobility. Both the real income and standard of living of the lower class have also gone up.

  • @H1TMANactual

    I'd not give it a second thought IF ONLY they would pay the same rate of taxation as the rest of us. But instead the most of them pay weaselly accountants to find any/every tax loophole to avoid tax as well as evading tax.

    In the UK it is estimated that the exchequer looses as a consequence of the tax avoiding/evading super-rich £120bn EVERY YEAR!! & from the bond-market we're borrowing about £160bn. If they paid-up the bond-market would not have it hands round our bollocks!!

  • @pinickityme Dont put words in my mouth asshole.

  • @pinickityme I hate romney so I dont think hes in the minority. And I would agree with you that it is the middle class that needs to be growing and not so much the rich, but then again if more people are getting rich then i support that too. My thing is, and im not saying you believe this, is that you cant just tax the rich into submission to bring people out of poverty. People need to offer something to society before they are given free money.

  • @mtstatehk

    It's maybe that we're more in agreement than disagreement; although I don't think that asking the rich to pay tax at the same rate the rest of us is taxing them into submission.

    What I find most distasteful is that the rich have to be bribed to not bugger-off to some tax-haven with "their" money, with the offer of low tax rates & scams they can make use of when they actually made said money during the boom years & won't dip into their pockets when so many are now feeling the pinch.

  • @pinickityme Agreed. Theres a middle ground somewhere to tax the rich more than the same rate then everyone else. if that makes sense.

  • @CloeBuckingham

    But doesn't that say more about the morality of the rich who would put their boot on our necks so [by threatening to move to a tax haven], in spite of how they [generally speaking] made "their" money with our help during the boom years & won't now pay even the same tax rate as we do nor dip into their pockets to help out!?

    But yes, you make a good point re: people not looking after themselves & the rush to buy bigger property which was ever a bubble waiting to burst.

  • @mtstatehk

    It's called progressive taxation & to my way of thinking I think it is the best way to provide for the whole of society. So we do indeed agree.

    PS - how goes the debate in the US re: low tax [especially for the rich] v progressive tax? & what do think will be the outcome of the next presidential election?

  • @pinickityme The candidates are talking about ending the big govt bailouts to big businesses, lowering taxes for everyone, and cutting govt spending, But I cant believe any of them except for Dr. Paul. So Ron Paul is getting my vote. Gingrich is a lobbier, Romney has a poor record as governor, and Perry is just a straight up liar. Ron paul is the only one who has never voted to raise taxes. How about in England? Im thinking about visiting this summer!

  • @TheHarryButtery

    Well said that man.

  • @TheHarryButtery After introduction of Medicare & Medicaid 50 years ago (making healthcare mostly public & partially monopolistic) prices went up 7-10 times! I suggest you read this how government "solved" healthcare freenation(dot)org/a/f12l3.htm­l Just copy&paste in ggle.

  • Read The Shock Doctrine by Naomi Kline. Free-Markets are very dangerous and allow profit to be made from EVERYTHING! War torn countries, tsunami ravaged coastlines. You name it some greedy bugger wants every penny they can squeeze out of it. This meagre comment doesn't come close to the outright disgusting lengths people have gone to make money out of disaster. £15 on that book will be the best money you will spent in a long time.

  • @TheHarryButtery Good God almighty! Tell me there champ did you just gobble up Naomi Klein's version of history or did you bother to fact check or read any of the refutations and negative reviews? Of course you didn't. For starters I have a 1 star review on Amazon under the name T.John

    And as far NHS, a simple google search of "NHS wait times" is enough to debunk your claim of "2nd best healthcare". If central planning worked, you would be speaking Russian.

  • @H1TMANactual

    NHS waiting times have risen to unacceptable levels again ONLY since the Con/[Lib] government.

    PS - Long unacceptable waiting times also were the trademark of the pre '97 Con government as they desperately underfunded it so that it might die-a-death-of-a-thousands-cut­s & hence be ripe for privatisation.

  • @pinickityme That's what you get when govt provides a service.

  • @H1TMANactual

    Yeah! When in Rome don't ask the Romans, ask Google and the Dallas Chapter of Rednecks R US.

  • @TheElasticJesusRez You're right. Screw getting knowledge from books and studies that have been published. Are you retarded?

  • @H1TMANactual

    No! I'm British, meaning I can confidently state that I know more about the British NHS than Google.

    As for books. Refer to fatty acids and vesicles. Far more enjoyable than a bearded git getting lost in desert for 40 years.

  • @TheElasticJesusRez Umm NO you don't. The population of England is 50 million. You have knowledge of your own experience. You don't have the statistical knowledge for the rest of the other 50 million. Try again.

  • @H1TMANactual

    bbc(.)couk/news/health-1280558­6

    NHS satisfaction 'at record high' Two thirds of the British public are satisfied with the

    Writing on the BMJ website, Professor John Appleby said 64% of people were either very or quite satisfied with the NHS.

    So tell me what is 64% of 50 million?

    I'll let you do the maths since you're the genius.

  • @TheElasticJesusRez 64% is very low. Only 9% is "somewhat dissatisfied" & 4% "very dissatisfied" with their private health insurance in the US. Source: Abt SRBI poll for Time.

    "Number waiting over four hours in casualty soars by 40% in 1 year" - DailyMail, 27th January

    "Quarter of a million still waiting to be treated after over a year" - The Telegraph, 17th Nov 2011

    NHS is highly inefficient and can easily cut $32 billion - McKinsey report, funded by NHS.

    Try again.

  • @H1TMANactual

    How dissatisfied are those that work who cannot afford private health insurance in the US but do NOT qualify for any form of Medicaid? as opposed to those that have expressed an opinion on the private health insurance they have which I'm sure is pretty good if you can afford it!!

  • @TheElasticJesusRez

    "OneBigJerkOffski" says in a post 2u: "I used to think like you, but then after I researched the problem I found out that it's not the best way".

    Well there's hope for you yet then eh!! LOL

  • @SpidermanInLondon Did you read the bull you just wrote??You contradicting yourself, first by saying:"Our totally free-market"-you must live on Mars or even further,coz most ecenomies are centrally controlled including yours.And"free market doesnt work as corporations and banks make business"Means in current socialist system politicians&rich (banks&corporations)take advantage of ordinary people.I suggest you find out what is happening around you before you make fool of urself.

  • Comment removed

  • We need one hundred Margareth Tatcher in the western countries right now to save ourself from socialism. Socialism = work from january to july to feed the parasites (state empoyees) + permanent economic recession and bankruptcy. If not immediately cut public spending, China and India will destroy our economies.

  • @TheReginadistracci

    Yeah!!!

    Get rid of all state parasites.

    1. The police. Call Rent a fist.

    2. The Courts. Call Judge Judy

    3. fire service. Buy a bucket and hosepipe.

    4. health service (UK) call 'sorry but you'll find the smallprint says...'

    5. Pay for our own streetlighting and BANG! wait 4 the insurance claims.

    6. Take our own rubbish to landfills and watch the largest traffic jam since Die Hard 4.

    7. Army - Go drill your own oil, baby.

  • @TheElasticJesusRez I agree with you: you have to give taxpayers' money to the army, police, firefighters, managers of street lighting and so on. But we must not entrust to the state, which is wasteful by nature, the services that the private sector can provide better and cheaper. The trains in Britain are private and should be okay, I guess. We have no money to pay people to dig holes and cover them. John Maynard Keynes go to hell!!!!!!!!!

  • @TheReginadistracci

    We can argue all day about economics and politics but I think a fair and decent society is down to one, and one thing only: the type of people running the show - whether it be government or business.

    If everybody were like Bill Gates - fine.

    If everybody were like Fred Goodwin - then fuck off.

    As long as industry understands that the workforce is an advantage not an impediment then the world would be much happier place (and prosperous) place.

  • @TheElasticJesusRez

    Your statement should be reversed: As long as the workforce is aware that capital is an asset and not an impediment then the world would be a much happier place (and prosperous) place.

    Say goodbye to that charlatan of Marx: the capitalists are not "thieves of surplus value," but the creators of wealth for all.

    

  • @TheReginadistracci

    One inventor, one machine, one worker.

    If the inventor invents with EASE, but doesn't have the strength to work the machine, if the worker works with EASE, but doesn't have the intelligence to invent the machine, if both are happy and agree that one cannot work without the other - that they share the reward equally - then who the fuck are you to say otherwise?

    Or does Liberty and Choice only count if it suits Wall Street?

    Next...

  • @TheElasticJesusRez

    And say goodbye to that scoundrel of Mill: no need to "redistribute wealth" but to create them.

    Marghareth is right: it is better if it increases the gap between rich and poor.

    If it doubles my poor wages and doubles the bank account of Bill Gates, the gap between me and Gates increases in mathematical terms, but I'm richest.

  • Are you listening Obama?

  • No you know why she was and is called the IRON LADY,she stands with her principles,like it or not

  • Fuuuuuuuuuuuuuuuuuck. I'm outta here. Just when debate was getting fun the hooded claw returns from his hols in the Poznan Pontins.

  • @TheElasticJesusRez

    "the hooded claw returns from his hols in the Poznan Pontins". LOL

    like one of those budget horror movies [but without any redeeming features!!].

  • @pinickityme

    Ed Wood plays Brothers Grimm plays Margaret Thatcher plays The Blob.

    Now, that's scary.

  • everyone who is against what was said in this video just proved themselves to be ignorants with no base knowledge in simple macroeconomics.

  • @TheElasticJesusRez The answer is simple: i can tell you how macroeconomics proves her argument reasonable. Can you prove her argument right with chemistry? I think not my friend.

  • @ForzaAquila

    No, but I could probably prove it wrong with biology AND Chemistry. Try base acids that eventually evolved into human beings that realised after Toba and the 'Bottlenecking' of the human race that altruism - working together for the common good - was the best way to survive.

    Alas, 70,000 years later they regressed into God(s)-fearing idiots, adopted a pyramidal elitist system, and have been travelling the slippery slope of savagery ever since.

  • @TheElasticJesusRez nice you proved why altruism exists..i don't see how that is relevant to this video where thatcher describes why direct socialism will never work and how decreasing the economic chasm between the poor and the rich will not solve the economic situation of the poor..

  • @ForzaAquila

    Ugh!?

    If you can find anyone arguing for "state/worker ownership of the means of production", then who are they?

    whilst most of us NOT advocating unregulated free-market capitalism are merely arguing for ethical-regulated-capitalism to underpin a society wherein some socilaised services are provided so that the less well-off/vulnerable are not systematically shafted [especially during an economic downturn].

  • @ForzaAquila

    I have a question for you. Can you refute your propositions? I mean is it possible to refute the macroeconomic guesses? How is the refutation done, deduction. What is your ontology and your epistemology. This for the benefit of my understanding of psychology and logical inference.

  • @williamgrozny So after four lines of trying to make yourself sound intelligent by using sophisticated words, your question can be summed up with "can you prove what you said". Everyone knows Thatcher did everything to decrease disoccupation, from the abolition of sindicates to her disoccupation standoff. If you open any macroeconomics book, flip to the section on the Phillips curve and you'll understand why. I'm not here to teach you lessons.

  • @ForzaAquila

    I asked you what do you know and how do you know it. I want to know what is the basis for theories you love.Getting published in a book is not proof. What about Edmund Phelps? The guy at Columbia who received the nobel prize and refuted the Phillips curve. I guess your macroeconomics books need to be revised. I asked some valid questions just to get to know how you think. Evidently, you don't do it very well.

  • @williamgrozny And I told you to open your manual and go to the Phillips curve. If you don't know what it is then revise. Getting your theory approved by statistics and getting it inserted in every manual for methodologic studies is good enough. Edmund Phelpes didn't refute the Phillips curve, he expanded it. Big difference. Time to revise my man.

  • @ForzaAquila

    Part1

    "Some were unprepared for the stagflation of the 1970s, which contradicted

    the Phillips trade-off directly, demonstrating that both evils -- inflation and unemployment -- can prevail simultaneously....The 1990s offered a second refutation of the Phillips Curve, with low unemployment and low inflation obtained at the same time."

  • @williamgrozny your point being? even the is-lm curve can be repressed in several cases. The rare does occur, that doesn't mean we have to change our theories. Macroeconomics is the general study of big scale economic effects, the study of monetary and fiscal policy and the overview of a country's wealth. The Phillips curve is still studied. Why? Only this doubt could come to the mind of an individual such as yourself.

  • @ForzaAquila

    Part 2

    The preceding in part 1 is curtesy of "Bloomberg, This Nobel Prize Sends a Stark Signal to Columbia: Amity Shlaes. October 11, 2006 05:45 EDT"

  • @pinickityme I did not understand your first paragraph. I think there was an error of punctuation from your second line because i can't understand it. Economists can disagree on many arguments, so can politicians. But on some arguments like disoccupation, economists would be doubtful to change their opinions because there is no multitude of theories and models on that certain argument.

  • @ForzaAquila

    Is the erroneous/misleading punctuation that made said post so utterly incomprehensible; that you require a comma to be inserted as [,] below:

    So economics is a science is it? Hence all economists agree do they[,] well I would suggest that even those on the right &/or left of the economic spectrum etc;

    Excuse my lack of understanding: But are you saying that that ALL economists agree on how to stimulate &/or how employment is created in different aspects of the economic cycle?

  • @pinickityme Is it really really necessary to keep posting two synonyms for adjectives you decide to write? It doesn't make you more intelligent. It makes me wonder something is wrong with you. That being said, I'm talking about disoccupation not employment. Which are linked but not the same thing. I'm actually talking about sindacates, relationship inflation-disoccupation, and government spending to increase consumption and ultimately production/aggregate wealth of a country.

  • @ForzaAquila

    Disoccupation according to thefreedictionary online is: "The state of being unemployed; want of occupation".

    & I'm certainly not so up my-own-butt to consider myself "more intelligent" than you; however, is not the "cure" for disoccupation to find an occupation which I presume is a job or is your point more nebulous than that?

  • @pinickityme No my point is I don't know your point. Why are you talking to me? What did i say wrong that made you contradict me...

  • @ForzaAquila

    Shit; I almost want to apologise, but screw that!!

    You stated there was an economic immutable "truth" that would be "best". But even scientists don't consider themselves to have uncovered "absolute truths". whilst that it is human nature/nurture that makes an/any economic model "work &/or fail" although any economic model is unlikely to change the way people would corrupt it. So is it a failure of economics or philosophical perspective.

    But clearly I am not "talking to you".

  • @pinickityme My comment was based towards the average individual, if a new Keynes was to step up and contraddict me then of course i'd back down.

  • So much fancy words from debaters here... it is but a shame that everyone here is a fucking idiot.

  • @BadassBigBoss

    Beliefs, Religions, Ideologies, opinions..... they are like assholes: They are everywhere and they STINK.

  • @TheElasticJesusRez Yup... I tend to use it reminder of the ultimate irony of how I have a philosophy that I am too foolish to follow.

  • @BadassBigBoss

    LOL! I'd reply but you'd probably bollock me for thinking.

  • @TheElasticJesusRez I am bollocking you already. You just did not think about it.

  • @BadassBigBoss

    Which reminds me of the dream where I fell off a cliff and stopped halfway for an icecream.

  • @TheElasticJesusRez Now that my friend, is pure christian bollocks!

  • @BadassBigBoss

    Well instead of introducing yourself in the grand [all seeing all knowing] manner that you do, you should consider announcing yourself as a hypocrite; & leave it at that!!

  • @pinickityme Me being a hypocrite was the sole point why I commented on this video. You pork chub!

  • @BadassBigBoss

    & the point of that was what??

  • @pinickityme Somebody flagged your comment as spam. I say that makes it pointless for me to point out just how stupid this comment was.

  • @BadassBigBoss Yup: utterly pointless but you had to do it anyway eh!!

    but as I said: so as to prove just how pointless you had to do it so's to prove your point [catch 22].

  • @pinickityme You do realize that, in an utter defenition of our concept of the universe and our realm, everything is pointless?

  • @BadassBigBoss I never said otherwise!!

    However, what you have failed to differentiate between is an ultimate point & the point from a subjective perspective.

    Hey-ho: GOODBYE!!

  • @pinickityme You did not initiate an argumentative concept of logic from the other side either, thus initiating a statement of comments in riddles to which I had already stated as an illogical act that I did for no purpose. There is no need for an ultimate point and there was no perspective, just blind attitude without logic nor reason. Hell, I did not even make a point.

    Sodomized tyrant of pants!

  • @BadassBigBoss [2 of 2]

    If someone was punching YOU in the face would YOU see any point in asking them to stop, trying to stop them or asking why they were doing so?? & if the answer to any of these is yes; let me assure you this would still NOT mean that ultimately there was any point to human existence!! Or is the point that there is no point??

    Moreover, you've just been looking for a pointless argument since you "arrived"!! what POINT was there in that!?!?

  • @pinickityme THERE IS NO POINT! And that is my point. Your point is?

  • @BadassBigBoss

    Hilarious!! you clearly aren't even intelligent enough to be stupid!! LOL

  • @pinickityme Says somebody who uses the internet slogan. You filthy pagan!

  • @BadassBigBoss

    If you have no premisses and no proposition stop wasting breathable air. You can do it a number of different ways a bare electrical cord and a toilet work nicely. Use your imagination.

  • @williamgrozny Imagination is but one thing you lack whilst using an inconvenient set of tools that are on par with the devastating effect of being discombobulated as a result of shoving mapple syrup over your cheeks and have your face removed with a vacuum cleaner. Answer you question.

  • Comment removed

  • I sincerely hope Thatcher dies before Fidel Castro

  • There has not been true capitalism for many years anywhere on the globe. Do not reject capitalism, reject the diminishment you placed upon it. It is not liberty that makes us weak, it is the shackles you placed upon us.

  • Was this during her last pmqs?

  • And she supports socialized medicine? :S

  • Welcome folks to the Fafura channel.

  • Communism is the stronger form of socialism yes? So how well has communism done in places like North Korea and Soviet Russia where the majorities were never elevated from poverty. Communism just doesn't work. Someone give me an example of where it has? People can't say capitalism has failed in the west because the recessions/credit crunches were the faults of the bankers and their irresponsible behaviour. It wasn't the fault of politicians, the banking systems are private things.

  • @WelshWidgetman2010 It was.Politicians print money and get their slaves in biggest debts on Earth through bankers. If not politicians, bankers just couldn't force all the ppl into such idtiotism.. They would go bankrupt very quickly..

  • @MrLkjsdf9 Every country has a currency, and it's the government's duty to support that currency however they can or their citizens suffer. Whether it's capitalist or communist.

    What kind of government would you suggest that wouldn't do so? Anarchist perhaps?

  • @WelshWidgetman2010 It's not to support currency but to rob society. Copy&paste those in ggle: lewrockwell(dot)com/paul/paul3­34.html Here u can skip to accountant: measuringworth(dot)com/worthme­asures.php and here how rich rob poor in democracy&socialism krugman.blogs.nytimes.com/2011­/11/03/inequality-trends-in-on­e-picture/

  • @fafura13 Everyone in a capitalist society can reach those levels of affluence. Anyone can become a banker if they want. Anyone can become a politician. There's no barrier stopping people from becoming these things. The same can't be said about communism.

  • @WelshWidgetman2010 Of course, but firstly I do not or anybody here from what I know support communism. Secondly I don't even support socialism & croynyism we live in as actually many do here. I do support capitalism which is based on voluntary exchange. I suppose you do too?

  • @fafura13 Well I support freedom and you don't get freedom in a communist or fascist state. However although socialism has good intentions it's doomed to failure due to people trying to distribute money they don't have which results in crushing an economy. The Labour party has done this in Britain and the present government is having to fix it, because of the over-spending.

  • @WelshWidgetman2010 Right, but the only way to fix it is get politicians out of economy & people's money. Stop selling citizens by indebting them to foreign usurers. And to prevent coming it back, you have to stop democracy, which allows easily manipulated masses by politicians, to rule the country. Gov. should be only to protect its people, not "doing business", which always results in croynyism,ruining economy & empoverishing society & future generations.

  • @fafura13 No politician can strictly abide by laissez-faire. It's not possible. Politicians have to regulate things in the state sector of the economy which directly connects with companies in the private sector, they need each other to survive. If things are not administrated by someone with the know-how, things are doomed to failure. It's like giving the job of a doctor to a construction worker with no qualifications. Kick out all the politicians and who will take their places?

  • @WW "It's like giving the job of a doctor to a construction worker with no qualifications"This is exactly what happens when you give power to regulate&tax businesses by unknowlegable politicians.U seriously don't think they know every branch of business there is&can predict millions of transactions people make each second?I repeat,gov should only protect people&land.Why would u want them to manage whole economy if they're not responsible for failure&paid whatever the outcome?

  • @fafura13 Saying that, China has a modified version of communism and they've lifted something like 600 million people out of poverty between 1981-2005.

  • @WelshWidgetman2010 Correct,but capitalistic reforms caused that.It's because they provided nation with more economic freedom. It's still far from free,but unleashing just little freedom in country constrained for so many years can cause miracles.Formula is simple more freedom&less gov intervention=more wealth & faster growth, less freedom&more gov. intervention=less wealth & ruin of the economy.

  • @fafura13

    What capitalism do you support? For the 90% of US who have seen incomes slide for 20 yrs it's not too hot. US manufacturing is largely in China. Our tech labor is done in India or done in US primarily by frgn labor. The H1-Bs(frgners) help spply demnd eqn wrk for the emplyers. We fester while H1-Bs do new proj and US labor stgnates. The top .1% of pop. has seen grs inc *3 last 20 yrs. Adj 4 inflation it's over 200% incr. Txes for the top inc had decr in that period. Ayn Rand anyone?

  • @williamgrozny Yes, the only capitalism there can be, where people manage their lifes & money, and total strangers in gov. are out of people's lives. Gov. should only protect its people not "do crony business" that serves the rich by robbing poor & average citizens, like prickytime & elastic want. O’Sullivan’s Law says, in effect, that any organization that is not expressly right wing will become left wing over time. Ayn Rand you could say.

  • @WelshWidgetman2010 The People's Republic of China? Last I heard the still use centralized planning for many things. I believe at one point the state maintained a partnership with Communist Chinese capitalism. Yes they smile a lot and make just about everything, however, I am sure people in business are kept on a short leash.

    Capitalists do all sorts of things without regulation. America's/world's recent brush with disaster came from irresponsible speculation by financial houses on Wall Street.

  • @williamgrozny I did say The People's Republic of China has a modified version of communism, but never mind. You're right about businesses being kept on a short leash, but I mean the Chinese have been doing a heck of a lot of foreign investing in Africa and South America. Which worries America. Also the Americans accuse the Chinese of manipulating their currency for their own gains.

  • Who here likes Ron Paul?

  • @Pantalaimon345

    I have to admit that there are many things which are compelling in Ron Paul's platform and voting history. There are too many unusual things about Ron Paul, "We don't get our rights because we're gays or women or minorities. We get our rights from our Creator as individuals." Sorry but I believe everyone deserves equal protection of their civil rights. What does this have to do with Margret Thatcher and socialism?

  • Comment removed

  • @williamgrozny That's exactly what Paul is saying. What he's saying is there is no such thing as group rights- you cannot gain or lose rights by belonging to a group. Everyone has the same rights- everyone.

  • "I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people" ~Thomas Jefferson

  • @Pantalaimon345 anti semitism was really popular in the 18th century

  • @Pantalaimon345

    "I believe that banking institutions are more dangerous to our liberties than standing armies..."

    I love that Jefferson quote. So tell me, how does that fit into your world of FREE FOR ALL economics.

    If it were up to me I'd nationalise the banks tomorrow - you know, give the people the power over them. "The issuing power should be taken from the banks and restored to the people." TJ not TEJ.

    Alas you wouldn't so why throw this quote in our faces? LOL.

  • @TheElasticJesusRez Jefferson's quote fits perfectly into my capitalist view (I didn't include the last bit cause thats all I could fit in the comment). Interesting you see a case for nationalization in the quote while I see a case for the separation of the gov from economics. The power to issue currency is a power of Congress (the people) not a private bank of elites independent of the gov. Once again its a way to get rid of the middle class and to keep the rich rich.

  • @Pantalaimon345

    "The power to issue currency is a power of Congress (the people) not a private bank of elites independent of the gov."

    Love it. You mean the same trustworthy Congress that believes Global Warming doesn't exist. Yeah, the same HOR, manned by giddy Republicans, who take backhanders from your beloved Koch brothers - the funders of AFP et al and the Tea Party.

    Honesty? Whatever! I wouldn't trust these shysters to run a market stall let alone the banking industry.

  • @TheElasticJesusRez Just because you don't like those that have been elected to Congress doesn't mean they are illegitimate. After the 2008 election Democrats controlled both houses and the presidency- so what? If you think Dems are less corrupt you are sadly mistaken. Do you see the point of what I'm saying? If the gov isn't involved in economics then how can there be "bought" politicians? Are you getting my point? So then why would you nationalize banks if they cant run a market stall???????

  • @Pantalaimon345

    Hey, we have influence pedaling and politicians who ARE in the pockets of the moneyed and corporations. We also have a great number of politicians who, most often, think about their constituents. Give me a list of corrupt politicians. Give me concrete evidence. John Boehner did unethical things recently regarding the would be pipeline from Canada. His investments targeted corp's he knew would benefit. Some call that insider trading. I gave you one corrupt politician in office.

  • @Pantalaimon345

    1. FTR I'm from the UK so my knowledge of the US political process is not as well-informed as yours.

    2. I never said Democrats were less corrupt.

    3. The penalty for banking failure has been massive bonuses for banking bosses. I do not have shares in these banks. I do not have the power to vote them out. However, were government in charge, I do have that power. Democracy allows me to penalise bad government, and yet ironically, not bad corporations.

  • @TheElasticJesusRez 1. Then you shouldn't talk about how much it sucks if you don't completely understand it. Thats why I don't talk about UK gov cause all I know is that Parliament is divided according to the percentage received in votes- right?

    2. Good.

    3. Well under capitalism wouldn't those banks have failed (been punished)? And under capitalism you would have the power to penalize corporations you disagree with by taking your business elsewhere. would the failure happen if not for gov?

  • @Pantalaimon345

    I dont fully understand the ins and outs of British politics. Does that mean I can't have an opinion? A very silly point.

    Under capitalism those banks DID fail. But when did I say I didn't like Capitalism per se?

    As for taking business elsewhere. How many accounts do you think I have in all the world's banks that the absence of my money would hurt them?

  • @TheElasticJesusRez You can have an opinion, I just think its silly to have one about something I know little about.

    Nationalization = opposite of capitalism

    You should never underestimate an individual's strength. Isn't all society individuals making individual decisions?

  • @Pantalaimon345

    no, perhaps and no.

  • @TheElasticJesusRez why, why, why?

  • @TheElasticJesusRez So you're not addressing my other points? I really don't like how you and pinky just pick and choose what you want to answer but if I do that I get bitched out from both of you- double standard much?

  • Comment removed

  • @Pantalaimon345

    reposted so as to make sense:

    so what questions have you ever put to me that i have not responded to?

  • @pinickityme on the other margaret thatcher thread which elastic made.

  • @Pantalaimon345

    Your last posts there are barely worth responding to since you clearly DO NOT understand what science IS & what it's NOT; [i.e. that scientists DO NOT consider their findings absolute].

    Furthermore, that your patriotism comes at a price &/or is NOT unconditional.

    That said; I will do so

  • @pinickityme I understand science fairly well considering I'm studying to be a veterinarian. What do you mean "my patriotism"? Can you answer this on the other thread cause its getting hard to find things on here- my inbox didn't even say I got a comment from you.

  • @Pantalaimon345 Don't waste time on pricky & elastic, they're closed in a small box & can't accept new info, even obvious facts. If you're right they'll change subject & say it's some "freedom propaganda" & economics is not science, however they're the ones who know the "real truth", just don't know where from & can't prove it if you ask them. I showed already they support plunder, but they just ignore it. Some limited thinking TROLLS.Just browse comments below.

  • @fafura13 Hahha yes I realized that a while ago

  • @Pantalaimon345

    You can have an opinion, I just think its silly to have one about something I know little about.

    You don't need a degree in the American/UK political process to see that RIGHT and LEFT are the same the world over. Therefore I can make an informed opinion.

  • @TheElasticJesusRez Hahah more like the right and the left are one in the same. Both parties have come to stand for socialism- for controls and regulations which is why I support Ron Paul. What socialized bodies exist under laissez- faire capitalism? (I don't consider police, law courts, army as socialized). You may be able to make the case for a library but not much else. Mixed economies are not capitalist- Rand and Paine both discuss what is gross about them.

  • @pinickityme U& lastic just keep on makin fun of yourselves takin part in serious conversations regarding people's lives without any knowledge of the subject.Police courts&army are NECESSITIES that ALL people use EVERY DAY.Socialised are those when u rob ones to give it to others.Why u even supporting socialism,sorry,ur imaginary "transparent gov" which u don't hav a clue how to make tranparent in the 1st place.U can't prove ur basic point,but keep "acting smart" in serious matters.

  • @OneBigJerkOffski [aka fafura13]

    Here's a bone to gnaw on:

    The Police, courts & army are NOT necessities; they ARE consequences of human nature/nurture. Food, drink & shelter ARE necessities.

    PS - I've asked b4 that you explain your views on gay people & whether you think black people are your equal, since you claimed that I had no religious morality!?

    My presumption [until corrected] is that you're a HOMOPHOBIC-WHITE-SUPREMACIST NEANDERTHAL of the kind that seems to haunt Eastern Europe.

  • @prick "they ARE consequences"Still doesn't change my correct point,that they differ from expensive,unefficient socialized services which in general do people harm.I guess since you're lost in general subject we talking about,you're interested in some minor issues which are private not public.I have nothing against homosexuals.Just want to make sure in major issue,you still do support socialism?Where group of rich & politicians decide on others people's lives & wealth?

  • @OneBigJerkOffski [aka fafura13]

    if private; why raise religion & its superior moral perspective in the first place? although whether religion provides a superior moral perspective is highly debatable!! & black people are your equal?? No fibs cos your imaginary god is listening eh!?!?

    No I'm NOT a socialist but do support a tax funded welfare system [with limits] so the poor/vulnerable are not left with only charities to support them that fails during economic downturns for obvious reasons.

  • @Aspergers13

    Is the fact that you cannot empathise with any view other than your own proof that your head is in dire need of 'free at point of service' SOCIALISED Health Care?

  • @TheElasticJesusRez 1/2 We're talking serius stuff here. It's not like everyone can have a different view on how to run other people's lives unless it's your closest family. But if you don't run it like that in your family, then why would you want it to happen all around, including your neighbors running yours. It's human life at stake here! Yours, mine, his & millions. Serious stuff! We have to look how money & people's work is best accomodated, so everyone has equal rights,

  • @TheElasticJesusRez 2/2 possibilities & can gain most from surrounding world, not that ones are above others and have power to dictate. Do you support monopoly? & it's not that I don't emphatise it's just that I've been there. I used to think like you, but then after I researched the problem I found out that it's not the best way cause it has too many faults.

  • @TheElasticJesusRez So are you going to answer my questions?

  • @OneBigJerkOffski [aks fafura13]

    So after refusing to state your views on gay people for so long you finally say you've "nothing against them". But does that mean them personally or being gay itself. After all; I would suggest that the pope would say he has nothing against gay people personally. BUT that is NOT the whole story is it!! Religious morality & superiority sucks!!

    & nothing re: whether you think black people your equal?

  • @OneBigJerkOffski [aks fafura13]

    You ask: who would scrutinise the scrutinisers; it's called checks & balances & culminates in the electorate being able to vote out a government &/or as is now required; to vote out the system of crony capitalism that has developed/been allowed to develop.

    BUT to believe that corruption would NOT envelop a laissez-faire economy by way of cronyism & nepotism since the rich could exercise their disproportionate power that wealth affords is ridiculous.

  • @OneBigJerkOffski [aks fafura13]

    read the fucking article on Singapore [that you believe is the MOST FREE global economy] that I suggested to see how it has been corrupted!!