Billionaire Peter Thiel warns if you ‘proletarianize the young people,’ don’t be surprised they end up communist

EdwinA said:
They will make up ridiculous skill sets for little easily learned assembly jobs, or weird combinations of software experiences, usually tailored to somebody they already want to hire, or like you said, just run permanent ads for non-existent jobs.
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Who told you that?
 
Freddy Figbottom said:
New York is lost.

we're talking about your fascist support of housing prices to keep the "poors" locked out forever.
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The irony is allowing the market to work would drive down prices. I’ll take “Who Slept Through Econ 101” for $1,000 Alex.

Interesting when seeing the far right and far left intersect.
 
cawacko said:
The irony is allowing the market to work would drive down prices. I’ll take “Who Slept Through Econ 101” for $1,000 Alex.

Interesting when seeing the far right and far left intersect.
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you supported keeping housing prices up with bankers bailouts.

this is what we just established moments ago.
 
QP! said:
that was, in my view, the biggest mistake the Obama/Bush bailout plan made.

Now that plan was crafted by Wall Street guys so it is understandable why it was devised to protect those banks and the executive bonuses.

What was true was there was a liquidity crisis that could have driven the US into a much deeper recession or even a depression. But the best way to fix that would have been to give each home owner a mortgage credit, using the same money that went to Wall street.

This would have seen many of the Wall Street banks fail, but would have provided the same market liquidity but to State, medium sized banks. The 'too big to fail' Wall Street bank threat would have been minimized as some failed, while mid sized State banks grew stronger.

And most importantly home values would not have had the huge devaluation and more citizens would have been able to keep their homes.
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I get the theory, but the liquidity crisis wasn’t just about mortgages. The entire credit system was freezing up. Without stabilizing the banks, nobody would have access to credit including homeowners.
 
cawacko said:
I get the theory, but the liquidity crisis wasn’t just about mortgages. The entire credit system was freezing up. Without stabilizing the banks, nobody would have access to credit including homeowners.
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Explain how providing the same amount of tax payer capital into State regional banks, while lowering mortgage debt for individual home owners, thus allowing many more to maintain their homes and also maintain more household wealth, which then correlates with more consumer spending in the market (a positive), is not better than just giving the same amount of tax payer money to the Wall Street banks who main focus was fixing their own liquidity issues and paying out big executive bonuses?

I do not see any way, the huge cash influx into Regional Banks does not address the bulk, if not all the issues giving it to Wall Street banks does, but the Regional Bank way saves masses of citizens their homes, which stops or greatly diminishes the abandonment and price devaluation and sales that caused the houses prices to plummet and the loss of so much Middle Class wealth that has broad ongoing implications.
 
cawacko said:
The irony is allowing the market to work would drive down prices. I’ll take “Who Slept Through Econ 101” for $1,000 Alex.

Interesting when seeing the far right and far left intersect.
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Translation: Have faith in the Orange Jesus. He will take care of us all through his superior wisdom.

abwqxi.jpg
 
QP! said:
Explain how providing the same amount of tax payer capital into State regional banks, while lowering mortgage debt for individual home owners, thus allowing many more to maintain their homes and also maintain more household wealth, which then correlates with more consumer spending in the market (a positive), is not better than just giving the same amount of tax payer money to the Wall Street banks who main focus was fixing their own liquidity issues and paying out big executive bonuses?

I do not see any way, the huge cash influx into Regional Banks does not address the bulk, if not all the issues giving it to Wall Street banks does, but the Regional Bank way saves masses of citizens their homes, which stops or greatly diminishes the abandonment and price devaluation and sales that caused the houses prices to plummet and the loss of so much Middle Class wealth that has broad ongoing implications.
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I understand the argument you’re making but here’s why they did what they did.

It was a full blown credit freeze. Without stabilizing those big institutions money wouldn’t have flowed anywhere, including regional banks or homeowners.

Liquidity had to be restored to the system first.
 
cawacko said:
I understand the argument you’re making but here’s why they did what they did.

It was a full blown credit freeze. Without stabilizing those big institutions money wouldn’t have flowed anywhere, including regional banks or homeowners.

Liquidity had to be restored to the system first.
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I am glad you understand my argument. Now help me with yours.

If the government instead said "We are providing this tax payer money to the Regional banks instead', you are saying something would block that money from flowing and providing the liquidity.

What would stop the government flowing?
 
QP! said:
I am glad you understand my argument. Now help me with yours.

If the government instead said "We are providing this tax payer money to the Regional banks instead', you are saying something would block that money from flowing and providing the liquidity.

What would stop the government flowing?
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Because the freeze wasn’t limited to regional banks. The big banks were the ones everything ran through.

Until they were stabilized money wasn’t going to flow anywhere, including to the smaller banks.
 
Hawkeye10 said:
I dont know about Thiel......but I do like JD Vance who was promoted by Thiel.....and I do like Eric Weinstein who has at points worked closely for/with Thiel.

I also like Whitney Webb who has long been hard on the alarms about Thiel.
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You seem to have no idea what these people are trying to do to America

Right wing economic ideas are all failures when viewed through the economic health of the American people

Who do you actually prioritize in your assessment of economic success
 
cawacko said:
Because the freeze wasn’t limited to regional banks. The big banks were the ones everything ran through.

Until they were stabilized money wasn’t going to flow anywhere, including to the smaller banks.
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OK.

But it also was not limited to the Wall Street banks. That point goes both ways.

So you have to explain why ...

Choice A : Bailing out Wall Street Banks and allowing them to pay out huge Executive bonuses while Regional Banks and home owners and valuations got devastated, leading to mass foreclosures and home devaluations, leading to a massive loss in MC wealth (plus whatever positive externalities you see [please detail])

Was a better outcome than ...

Choice B : Putting the exact same money Taxpayer into Regional banks by paying down the Citizens mortgages, thus diminishing the mass devaluation of homes, preserving a lot of MC wealth, which then allows for more MC consumer spending which is the thing needed to lift the economy back out of the devastation (where i list the positive externalities i see).


So i agree with you that in EITHER choice, you do not cover all the externalities of the other choice but explain to me specifically what are the harms you see if you do not take Choice A that are not covered by Choice B or that the POSITIVE externalities of Choice B, do not over shadow?
 
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cawacko said:
Rent control can work for the individual who benefits from it, but it drives up costs for everyone else. If the complaint is that rent is too high, adding more restrictions to the market just makes the problem worse.
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If you can’t house the workers you can’t have a functioning society


The rights ideas never solve anything and call all rational solutions communism
 
EdwinA said:
Who told you otherwise?
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Nobody. Y O U posted this, Edwina.

EdwinA said:
They will make up ridiculous skill sets for little easily learned assembly jobs, or weird combinations of software experiences, usually tailored to somebody they already want to hire, or like you said, just run permanent ads for non-existent jobs.
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I'll understand if it's simply a speculative opinion leavened with a little class warfare rhetoric.
 
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