Michael Moore: 'Socialism for the Rich'

"They have bailed out wealthy people who were playing a high stakes game of risk and failed." -- Michael Moore on Larry King Live, Thursday, October 23rd, 2008

Help bail out the average Joe at http://www.michaelmoore.com/

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[DrStrangebomb1993]

@atosafi1 You quoted a socialist laureate a few comments back. Are you really that oblivious to what you actually post?

[DrStrangebomb1993]

@atosafi1 It has got to do with the matter, since this is why Sweden was so far ahead of the others during the period 1945-1975. Then the tax raises killed off the economy. And the "löntagarfonder" pretty much was the last nail in the coffin for Swedish businesses, thankfully Bildt abolished them in 1991.

[atosafi1]

@DrStrangebomb1993 Who cares? Who said anything about the Nobel Prize?

How about you come with counter-arguments against what I posted instead of aggressive damnation and mindless blabbering? Either that or don't bother responding.

[atosafi1]

@DrStrangebomb1993 I don't see how Nazis, Allies and Palme are relevant to the discussion at hand? It's not exclusively about Sweden, it's about the entire world, that's why it says Global inflation, and Global growth.

[DrStrangebomb1993]

@atosafi1 And don't try to say that the Nobel Prize has any worth, they hand it out to anybody who parrots their beliefs. Gandhi received no peace prize despite decades of peaceful protests, Obama received it for lying about withdrawing from Iraq. Nice, huh?`

The Nobel Prize is a sham. Deal with it.

[DrStrangebomb1993]

@atosafi1 I am sorry, but...

the reason Sweden was doing so well was that it'd made profitable affairs with both Nazis and Allies during the war, and that they hadn't joined it in the first place. Also, despite their alleged distaste of the right-wing government, the reds did maintain a relatively low tax level until the 1970s and the rise of Palme. Also the fact that you seized the media and stuffed it with like-minded individuals did help a lot, you know...

[atosafi1]

@DrStrangebomb1993 They are contracted by the government to build the roads and highways and sign on a Public-Private Partnership. Since profits are guaranteed and losses are socialized they can take whatever risks they want, knowing the taxpayers will foot the bill

It's not profitable to build a road in the middle of the country-side, therefore it is built publicly or a PPP is signed where all losses are guaranteed by the state

It's basically shifting the tax burden from the rich to the poor

[atosafi1]

@DrStrangebomb1993 As you can see, it was during the Social Democratic era that growth was at its highest, unemployment at its lowest, employment at its best and the gap between rich and poor at its smallest.

It was superior to the neoliberal era in all areas except for inflation, where there was no big difference.

The connection between employment and inflation is a fallacy, as I've already clarified.

The statistics come from the IMF, search for "2008-2009 Keynesian resurgence".

[atosafi1]

@DrStrangebomb1993 As for inflation and unemployment, during the Golden Age(1951-1973), which was the social democratic, keynesian era, average global growth was at about 4.8% and unemployment in France and Britain was around 1.2% and 1.6%. Compare that to Washington Consensus(1981-2008), the era of neoliberalism, where average global growth was at around 3.2% and unemployment in France and Britain was at around 9.5% and 7.4%.

Global inflation was at around 3.9% during GA and 3.2% dyrung WC,

[atosafi1]

@DrStrangebomb1993 Yeah, and if supply and demand was followed the middle-class would be wiped out and the working-class would be living under 19th century conditions.

What right-wingers don't understand is that corporations invest based on expected profits, if demand is low because wages are low and insecurity is high, they will fire employees and push down wages, which leads to even less consumption as neither employed or unemployed consume because of poverty and terrible wages/conditions.