Williams with Sowell - A Love Affair With Tyrants

Professors Walter E Williams and Thomas Sowell discuss the natural relationship between leftists and tyrants. http://www.LibertyPen.com

Category:

News & Politics

Tags:

• liberty
• tyranny
• libertarian
• conservative
• government
• Hilter
• Mao
• Fidel
• Castro
• Obama
• Germany
• Diane
• Watson
• Soviet
• Union
• Stalin
• China
• Cuba
• health
• system
• left
• history
• intellectuals
• peace
• speech
• war
• arms
• race
• France
• power
• control
• socialism
• socialist
• fascist
• Nazi
• Iran
• nuclear
• weapons

[ljs96076]

@070911021302 You should come live in Germany for a few years, then decide how you want to rephrase that statement.

[MrSecondThoughts]

@070911021302

I agree, the bailout is a disgrace, welfare for the rich. But thats a socialist policy - which just shows how dangerous the concentration of economic and political power is. A free-market response would have let failing banks face the consequences of their choices and go under, and be replaced by businesses who had taken better decisions. And we would be out of recession by now, instead of heading for a Japan-style stagnation and decline.

[MrSecondThoughts]

@070911021302

Wall Street banks were trading the junk mortgages of Fannie Mae/Freddie Mac. Main Street banks were obliged by the US government to accept poor credit risks. When the repayments stopped coming in, the whole Ponzi scheme collapsed. So at root this crisis is the result of a failed socialist-inspired attempt to control the market.

[MrSecondThoughts]

@070911021302

I don't deny that the UK and US have a bloody history. As a conservative, I accept that conflicts within and between nations are inevitable. My point is about your neo-communist minimisation and denial of the same horrors and atrocities by socialist states. Why the double standard?

[MrSecondThoughts]

@070911021302

The famines in Ireland and India were caused as least as much by poor agricultural practices and the feudal land ownership system than by free trade.

[MrSecondThoughts]

@070911021302

So which economic model succeeded: the modified capitalism of West Germany, or the modified communism of East Germany? And which model is South Korea following, and which is North Korea following?

[070911021302]

@MrSecondThoughts There are plenty of countries that have not adopted the US model of economic development+ have had far greater economic + social success as a result. Germany and the Scandanavian countries for example. Unfortnately for many developing countries when they have tried to emulate this + use resources for the benefit of poor+ working class people, eg nationalisation, land reform, progreesive taxation, import+ capital controls, they have been violently repressed...

[070911021302]

@MrSecondThoughts The only thing remotely socialist about the financial crisis has been the bailout. If these were truly free market capitalists then those banks would have been allowed to go bust. The bailout has become a sort of welfare for the (super) rich. Goldman Sachs, Citibank, Royal Bank of Scotland have recived hundreds of billions of dollars of taxpayer money in laonds+guarantees, some of which has been used to pay individual executive bonuses of $10 million plus..

[070911021302]

@MrSecondThoughts The New Deal caused the depression of the 1930s??

So it wasn't the Wall Street Crash and the Protectionist reponse of the major nations? Well if you believe that version of events, then you will believe almost anything.

Also if you belive that the current crisis was caused by socialists forcing invesment banks to make risky loans then you are an extremely gullible man. Lehman Bros, Goldman Sachs Citibank, victims of socialist policies??!!! Ha Ha Ha...

[070911021302]

@070911021302 Indian+ some European historians know the truth about the massacres of nationalist Indians carried out by the British+ the British rule in mass producing opium in India+ exporting it principally to China, creating tens of millions of Chinese drug addicts.This led to the 19th Century Opium wars+ Britain eventually siezing Hong Kong which it controlled untill 1997. Britain virtually invented the international drugs trade+ many major UK companies have their roots in it.