What happened to all of the doom and gloom economic threads?

[RobDownSouth]

I wish at least he'd post something worth reading.

He's honor-bound to "teach us a lesson", as good ole Sensei K taught him the fundamentals of Jeet Kune D'OH: The Way Of The Tard.

 

[mercury14]

Reading too much Michelle Malkin will substantially lower your IQ over time.

The people who read Malkin don't have much to lose though.

 

[koalabear]

The people who read Malkin don't have much to lose though.

Apparently you have read her, MORON.

 

[koalabear]

Stocks jump on hopes for growth

 

[jeninflorida]

Stocks jump on hopes for growth

we must have higher income tax rates, only with more taxes, can and will, the economy grow!

just trust obama, after all look at all his real world experience!

 

[richard_daily]

greece at 25% unemployment. even hospital workers haven't been paid in months. shortages everywhere. social unrest. spain and portugal soon to follow. dominoes dragging down the rest of the EU. all world markets intertwined. oh crystal ball what say ye?

no money to be made, people don't buy shit.

People only buy shit if they have money. They only have money if there are good paying jobs available. The point of the capitalist is to take away good paying jobs to make a higher profit.

The model isn't sustainable.

 

[richard_daily]

I wish at least he'd post something worth reading.

Maybe he'll post a suicide note?

 

[VaticanAssassin]

People only buy shit if they have money. They only have money if there are good paying jobs available. The point of the capitalist is to take away good paying jobs to make a higher profit.

The model isn't sustainable.

Is this out of some book you read or your own conclusion?

The more profit the capitalists bring in, the more goods they produce. The more goods they produce, the lower the price of those goods. The lower the price of goods, the more people can afford to buy, and the higher the standard of living throughout society. The more people that can afford to buy, the more they have to hire to make.....

 

[richard_daily]

Is this out of some book you read or your own conclusion?

The more profit the capitalists bring in, the more goods they produce. The more goods they produce, the lower the price of those goods. The lower the price of goods, the more people can afford to buy, and the higher the standard of living throughout society. The more people that can afford to buy, the more they have to hire to make.....

Capitalists are making record profits, and have been consecutively for several years.

Are you then in turn, saying that the economy is doing just fine?

 

[Sean Renaud]

Is this out of some book you read or your own conclusion?

The more profit the capitalists bring in, the more goods they produce. The more goods they produce, the lower the price of those goods. The lower the price of goods, the more people can afford to buy, and the higher the standard of living throughout society. The more people that can afford to buy, the more they have to hire to make.....

You realize you fucked up right?

 

[mercury14]

Is this out of some book you read or your own conclusion?

The more profit the capitalists bring in, the more goods they produce. The more goods they produce, the lower the price of those goods. The lower the price of goods, the more people can afford to buy, and the higher the standard of living throughout society. The more people that can afford to buy, the more they have to hire to make.....

The GDP has been increasing for years/decades while the average income of the middle class has stagnated for well over a decade, long before the recession hit. How does your theory explain that?

 

[mercury14]

The more profit the capitalists bring in, the more goods they produce.

Demonstrably false.

 

[VaticanAssassin]

Capitalists are making record profits, and have been consecutively for several years.

Are you then in turn, saying that the economy is doing just fine?

Not saying that at all. In fact, it is the opposite as you know.

But going back to the basic principles of capitalism shows you the answer. In a poor economy, there are not enough consumers to buy the goods that would result in full employment. This does not even cover the fact that many corporations in the black are hiring heavy outside the USA.

When you mention the record profits of capitalists you are using a very big, and very unrealistic bucket.....

But nothing you said answers my question. Why do you think capitalism is a flawed system doomed for failure?

 

[koalabear]

Demonstrably false.

Go buy a Volt, MORON.

 

[richard_daily]

Not saying that at all. In fact, it is the opposite as you know.

But going back to the basic principles of capitalism shows you the answer. In a poor economy, there are not enough consumers to buy the goods that would result in full employment. This does not even cover the fact that many corporations in the black are hiring heavy outside the USA.

When you mention the record profits of capitalists you are using a very big, and very unrealistic bucket.....

But nothing you said answers my question. Why do you think capitalism is a flawed system doomed for failure?

The basic principal of capitalism is to increase your capital.

That is what the capitalists are doing right now.

You have seen what that is doing for the economy... Exactly the opposite of what you're inferring that it does.

The "bucket" I'm using is that profits are higher than they have ever been. They are, in just about every industry.

You just showed why capitalism is a flawed system. You admitted that the economy isn't doing well, even though profits are up.

It's not sustainable, as I said in my initial post on the matter.

 

[mercury14]

If there's an overabundance of capital and profit then why are prices not dropping? According to the VatAss theory of economics, prices should be declining.

 

[islandman]

The "bucket" I'm using is that profits are higher than they have ever been. They are, in just about every industry.

You just showed why capitalism is a flawed system. You admitted that the economy isn't doing well, even though profits are up.

The first sentence isn't quite true, but that aside, the flaw in your thinking is that the economy and profits share directionality when the economy is local, but profits are global. Excluding multinationals, both corporate profits and the economy are weak, which doesn't say anything about capitalism.

 

[VaticanAssassin]

The basic principal of capitalism is to increase your capital.

That is what the capitalists are doing right now.

You have seen what that is doing for the economy... Exactly the opposite of what you're inferring that it does.

The "bucket" I'm using is that profits are higher than they have ever been. They are, in just about every industry.

You just showed why capitalism is a flawed system. You admitted that the economy isn't doing well, even though profits are up.

It's not sustainable, as I said in my initial post on the matter.

I agree. It is not sustainable in a system that allows a corporation to pay 50% less taxes and wages by moving production overseas.

But I was simply asking you to clarify why you believed capitalism was not sustainable.

 

[islandman]

Is this out of some book you read or your own conclusion?

The more profit the capitalists bring in, the more goods they produce. The more goods they produce, the lower the price of those goods. The lower the price of goods, the more people can afford to buy, and the higher the standard of living throughout society. The more people that can afford to buy, the more they have to hire to make.....

Had to 'view post' in order to address this.

You are absolutely correct if your reality consists solely of a supply and demand gragh in a macro-econ 101 textbook. Externalities, such as cost of goods, new products/services introductions and access to credit are addressed in any macro-econ 102 textbook.

Classic case where a little knowledge is a dangerous thing.

 

[VaticanAssassin]

If there's an overabundance of capital and profit then why are prices not dropping? According to the VatAss theory of economics, prices should be declining.

That is not my theory. That is 3rd grade capitalism. I was hoping you could keep up. Being even more optimistic I was hoping someone would point out that companies moving overseas throws a wrench in the basic theory of capitalism that was written before such globalization was possible.

 

[Adre]

Had to 'view post' in order to address this.

You are absolutely correct if your reality consists solely of a supply and demand gragh in a macro-econ 101 textbook. Externalities, such as cost of goods, new products/services introductions and access to credit are addressed in any macro-econ 102 textbook.

Classic case where a little knowledge is a dangerous thing.

But, he often tells us we are stupid and he knows almost everything about finance.

 

[mercury14]

I agree. It is not sustainable in a system that allows a corporation to pay 50% less taxes and wages by moving production overseas.

But I was simply asking you to clarify why you believed capitalism was not sustainable.

Capitalism as we have it in the US is not sustainable because the spending class possesses an ever-shrinking percentage of the nation's assets. Currently the top 1% controls 40% of the nation's wealth, a figure which has increased by about 1% every year over the past two decades. And they invest and save it, often in other countries rather than spend it.

What happens to consumer demand when the spending class has only a small fraction of the wealth?

 

[VaticanAssassin]

Had to 'view post' in order to address this.

You are absolutely correct if your reality consists solely of a supply and demand gragh in a macro-econ 101 textbook. Externalities, such as cost of goods, new products/services introductions and access to credit are addressed in any macro-econ 102 textbook.

Classic case where a little knowledge is a dangerous thing.

see my post too merc

 

[unregistered]

 

[richard_daily]

The first sentence isn't quite true, but that aside, the flaw in your thinking is that the economy and profits share directionality when the economy is local, but profits are global. Excluding multinationals, both corporate profits and the economy are weak, which doesn't say anything about capitalism.

in a globalized economy, profits only tend to move in one direction, towards the capitalists. You can't exclude multinationals from this conversation, because they are the crux of the issue, and the reason for the lack of sustainability.

I agree. It is not sustainable in a system that allows a corporation to pay 50% less taxes and wages by moving production overseas.

But I was simply asking you to clarify why you believed capitalism was not sustainable.

Do you think capitalism is sustainable? If so, why?