Uploader Comments (stefbot)
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Way to go Stefbot, we are going to see Michael Moores Capitalism a love story and im going to try to get our class to watch your response video
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All Comments (62)
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@RevolutionaryJam: Generally, in a free market prices reflect a balance between supply and demand; i.e. how much of the thing is available and how badly people want it, how many people want it.
Now, suppose that in a free market we have an easy job that pays a lot, and a hard job that doesn't. People would catch on, more people would try doing the easy job, supply would rise, and the pay would decrease. So, in a free market, pay *does* go up with skill and hard work.
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how would the government run out of money when they can print more of it?
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@Richman6625 That's not Stefan being politically correct, that is Stefan making a point about innate biological drives. Stefan is anything but politically correct.
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Stefan, stop trying to be so politically correct, IT IS a bunch of men in smokey room. IT IS a conspiracy. Read Charolette Iserbyt's book "The Deliberate Dumbing Down Of America"
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The government will never run out of money, it will merely inflate away the value of the money causing the poor and elderly to receive, in nominal terms, a constantly decreasing value in their check. We can see this already happening with the denial of a cost of living increase in Social Security. At some point, the "check" the poor receive will buy next to nothing and we will be right back were we started, with the poor "needing help", except they will now be dependent, helpless and will riot!
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Best question ever: "What happens to the poor when the government runs out of money?"
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@stefbot There never has been a Free Market in any place or in any time. Self organising anarchys are a contradiction in terms.The free market is an invention just like the american dream, and it is installed by the capitalist elites to preserve their dominant position. We the people are condemned to oppose this system to survive. As for you defending the abollishment of minimum wages you are dead right if everybody was willing to work for litteraly peanuts there should not be jobless people
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I know that, but do you really think corporations that exist today will just disappear into thin air if we abolish the state? They will still own huge portions of land and means of production.
Keeping that in mind, I don't see any scenario possible other than existing corporations turning into some sort of privately owned state like structures in the absence of nation states?
I see existing multinational corporations as a main obstacle to an effective free market economy in post statist society.
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@Grindermetalhead, no, without the nation state, corporations do not exist either, as they are private organizations that are granted a special license by government.
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Regarding Poor People, I think it was Winston Churchill, in the 50's who said something along the lines that people in debt was very good for the government.
Is it not true that in a completely free market the people who do the most work (ie. sweatshop labourers that work for 16 hours a day in Indonesia where there are NO labour laws etc.) get the least money, and those who do the least work ie. earn all their money by owning lots of capital already earn more money?
RevolutionaryJam 2 years ago
Indonesia is not a free market.
stefbot 2 years ago 9