@xris,
xris;128455 wrote:It the economic realities of uncontrolled capitalism that makes me angry , you upset me in claiming they are just dandy. You keep talking about this shangri la , this mythical land of milk and honey, that in reality stinks. Every time you are cornered on its a proclaimed benefits you slink away not answering and then come back renewed, ignoring the corner you found yourself in previously. Debating with you is like chasing shadows.
Okay, I don't want to be someone who disappears when cornered. I do not remember what those corners were, but if you could repeat them I will attempt to answer.
If your problem is that I argue away your assumptions, then the problem is with you, for declaring them, not me, for not accepting them.
I actually think that you don't answer the hard questions either, and instead go on about generalities about greed and helping each others.
So I would like to repeat just a few of those questions:
- How does it make any sense to think that the housing boom, and in consequence the recession, was caused by free market
greed, and not government intervention? How come those markets with the greatest government intervention had the greatest bubble and subsequent crash? Were mortgage companies in coastal California somehow more greedy than those in the rest of the US and world? If greed explains the crash, why didn't it happen before, were people not greedy before?
- If capitalism in the 18th century was so horrible, show come people flocked to live under it? If you call those examples capitalist, then the alternative must have been less capitalist. If people moved
from the alternative
to more capitalism, then why do you conclude that capitalism failed?
- What makes you think that government will intervene in favor of those who need it, and not in favor of those who have the most political leverage?
xris;128455 wrote:It the economic realities of uncontrolled capitalism that makes me angry , you upset me in claiming they are just dandy. You keep talking about this shangri la , this mythical land of milk and honey, that in reality stinks.
I can only tell you again that what stinks is not free markets. What you don't like is not free markets. What you don't like might exist in a realm of free markets, but even in Soviet communism people had money and bought stuff. So by your definition Stalin intervened to save capitalism? So saying that any government intervention is on behalf of "the capitalist system" is a contradiction. When I explain how some example that stinks is not caused by free markets, but government regulation, like India or nazi Germany, you won't believe me. This is your quote: "Every time an example of capitalism is displayed you deny its existence." - Well, if those examples don't exist, what can I do else than to deny their existence? Would it further the discussion in any way to pretend they exist to make you happy?
Yes, that is a common attack against my view, that it all exists in a mythical land of theory. But to that I can only say that sadly sometimes what's true is a little theoretical, I don't know how actual economic predictions and results can be made any more 'real'.
Maybe one of the biggest problems of free markets is that it's hard to imagine. When politician x gives amount y of money to person z, that is something people can understand, with more subtle detriments that happen in the economy as a whole. While free markets have benefits that are greater but hidden and dispersed amongst the economy as a whole, and that person right now does not get this money, which in short-term might seem like they are worse off.