Marx

[The Sage of Main Street]

The Dow is about to go bankrupt again and demand another bailout. If not the definition of a Ponzi scheme, it surely is a scam.

A Paradise for Pampered Preppy Parasites

[The Sage of Main Street]

The Dow is about to go bankrupt again and demand another bailout. If not the definition of a Ponzi scheme, it surely is a scam.

The Rulers' "My Way or the Highway" Means That Their Way Is the Low Way


The laissez-fairies will tell you that their idols' Magic Market allows you to go short then and get rich. That way, you'll become one of them and won't care about the millions put out of work.

[The Sage of Main Street]

Business DO create jobs?

Do you actually think GOVERNMENT creates jobs?

False Dichotomy

[goat]

Two Sides of the Same Slug


No one on either controlled side mentions that hereditary power contradicts and destroys Capitalism. Also, Investor Supremacy must be replaced with Inventor Supremacy by giving the employee-inventors half the profits of the inventions that wouldn't exist without them (typically, Kary Mullis got one penny for every $100 his homo erectus corporate owners got when they sold the Polymerase Chain Reaction). Then High IQs would become the only successful investors. American and British economies owe their achievements to practical scientists like Edison and Watt, not to the plutocracy. Owners aren't earners.

So, like many Netrix debates, neither side knows what is omitted from what we are made to believe, which makes these spitball fights make-believe discussions.

I got a dime on the dollar for my patents but not a penny from my profit sharing or 401k. It took 10 years to make up the loss on a 401k after the subprime scam of 2007. Capitalism went bankrupt again 3 years later and needed another bailout. Owners make a lot of money shorting their own stock holdings. Congress will never get rid of insider trading. Martha Stewart went to prison for refusing to be a snitch.

[Uncensored2008]

False Dichotomy

Who do you think creates jobs? The Jobs fairy?

Seriously?

If I open a shop to make widgets and find that I can't keep up with orders, so hire help - who created the job my helper has? It wasn't Joe Biden...

[Uncensored2008]

I got a dime on the dollar for my patents but not a penny from my profit sharing or 401k. It took 10 years to make up the loss on a 401k after the subprime scam of 2007. Capitalism went bankrupt again 3 years later and needed another bailout. Owners make a lot of money shorting their own stock holdings. Congress will never get rid of insider trading. Martha Stewart went to prison for refusing to be a snitch.

You keep using terms, with no apparent knowledge of what they mean.

I have no idea what sort of "profit sharing" plan you may have been in back in 2008. But if you had not recovered ALL of your 401K by 2012, you needed to fire your broker.

"Capitalism" is an economic system, it can't "go broke," nor can "Capitalism" be bailed out. That banksters, who flow in and out of government (the Biden administration currently has 39 Goldman-Sachs alumni) connived to game a system of subprime bundling devised by the Clinton administration to enrich themselves while putting the risk on the public is not capitalism - far from it.

[goat]

You keep using terms, with no apparent knowledge of what they mean.

I have no idea what sort of "profit sharing" plan you may have been in back in 2008. But if you had not recovered ALL of your 401K by 2012, you needed to fire your broker.

"Capitalism" is an economic system, it can't "go broke," nor can "Capitalism" be bailed out. That banksters, who flow in and out of government (the Biden administration currently has 39 Goldman-Sachs alumni) connived to game a system of subprime bundling devised by the Clinton administration to enrich themselves while putting the risk on the public is not capitalism - far from it.

The profit sharing was in 1978. I never saw a penny of it.
After the 2007 subprime scam, the company I worked for filed for bankruptcy. All of our 401ks were locked and the lawyers milked it for years to steal all our money. None of us saw a penny.

If capitalism can't go bankrupt, why does it need a bailout every 7 years?

[Uncensored2008]

The profit sharing was in 1978. I never saw a penny of it.

I can't speak to your personal situation.

I can only say that the average 401K had recovered by 2012 and made up for the lost years.

After the 2007 subprime scam, the company I worked for filed for bankruptcy. All of our 401ks were locked and the lawyers milked it for years to steal all our money. None of us saw a penny.

If capitalism can't go bankrupt, why does it need a bailout every 7 years?

Did you work for Lehman Brothers?

A bailout of BofA and Well Fargo is not a bailout of Capitalism.

Government control of financial systems is NOT capitalism.

[IBDaMann]

It took 10 years to make up the loss on a 401k after the subprime scam of 2007.

Let me guess, you blame the banks somehow, not the Democrat party, am I right?

Capitalism went bankrupt again 3 years later and needed another bailout.

You have yet to explain how economics can possibly go bankrupt. You like to say really stupid things and avoid explanations that reveal just how stupid what you post really is.

Owners make a lot of money shorting their own stock holdings.

This doesn't make any sense. Do you know how the short position works? No? Ask me how I knew.

Congress will never get rid of insider trading.

First address how Congress will never get rid of murder.
Then address how Congress will never get rid of theft.
Then address how Congress will never get rid of arson.
Then address how Congress will never get rid of rape.
Then address how Congress will never get rid of tax evasion.
.
.
Then address how Congress will never get rid of moving violations.

[IBDaMann]

A bailout of BofA and Well Fargo is not a bailout of Capitalism.

I wish goat would explain how economics can possibly be bailed out.

Government control of financial systems is NOT capitalism.

Correct. Such government control is used to implement fiscal policy.

[goat]

I can't speak to your personal situation.

I can only say that the average 401K had recovered by 2012 and made up for the lost years.



Did you work for Lehman Brothers?

A bailout of BofA and Well Fargo is not a bailout of Capitalism.

Government control of financial systems is NOT capitalism.

Ben Bernanke told us if taxpayers didn't bailout the banksters and pay them a retainer bonus, the entire system would collapse. The fed, treasury, and Wall Street is a circle jerk. Betting against their clients is a crime yet no one was prosecuted. At least Reagan sent 1000 banksters to prison for the S&L theft.

[Uncensored2008]

Ben Bernanke told us if taxpayers didn't bailout the banksters and pay them a retainer bonus, the entire system would collapse. The fed, treasury, and Wall Street is a circle jerk. Betting against their clients is a crime yet no one was prosecuted. At least Reagan sent 1000 banksters to prison for the S&L theft.

Government using corporations to control the economy is the classical definition of fascism - a form of socialism - not capitalism.

When the market is subverted by government, you are dealing with a command and control economy, not a capitalist economy.

[IBDaMann]

No one on either controlled side mentions that hereditary power contradicts and destroys Capitalism.

How are economics contradicted and destroyed by "hereditary power"? On its face, it sounds really stupid. Weren't you going to offer an explanation or was your plan to just throw it out there and hope no one actually calls you on it?

[IBDaMann]

Government using corporations to control the economy is the classical definition of fascism -

Yes, usurpation and domination of corporations is characteristic of fascism but certainly do not define fascism.

a form of socialism - not capitalism.

Absolutely spot on.

When the market is subverted by government, you are dealing with a command and control economy, not a capitalist economy.

When the government artificially manipulates the supply-demand curve, price realization is detrimentally affected and it is no longer a free market to that extent.

[IBDaMann]

"Capitalism" is an economic system, it can't "go broke," nor can "Capitalism" be bailed out.

You are correct for the most part, but capitalism isn't an economic system. Capitalism means "sound economic principles."

Karl Marx gave us the term "capitalism." He coined it as a slur for the economic principles employed by the financially successful. Remember, Karl Marx was all about "Das Kapital" and how evil the whole idea is of capital and of personal ownership ... except for his own, of course.

Get yourself a legitimate economics textbook (one based on the supply-demand curve) and you will have a bona-fide "capitalism" textbook.