Capitalism has never worked..

[Non Sequitur]

You work for Apple too? Did not know that.

I do not work for Apple, but we were once their enemy. Now we share a bed with them. We're all whores.

[cowboy]

No economic system works. Eventually, those with means manage to accumulate wealth and power outside of the ability of any government or people to hold them accountable. And then there is violence and new attempts to "progress" and get it right this time. We tell ourselves we have new technologies and new systems and this time our dreams will be realized.

The effort has never worked. We are, as Kenneth Burke says, "rotten with perfection."

It's a great argument for the fallen nature of man.

It scares me that I find myself agreeing with you more often. As I said previously, capitalism rewards efficiency, and eventually rewards enough market share to an entity that it can stifle competition. At that point, markets are no longer free. The role of government is to ensure that markets are free and competition exists. I'm firmly convinced that capitalism is still the best way for people to better their situation. We have several multimillionares in my town of 600 who grew up poor but worked hard and took calculated risks. We also have several who were born into wealthy families that now have nothing because they didn't work and made poor business decisions.

Our country is the best testament to the merits of capitalism. While their plight shouldn't be ignored, our poor working families are better off than the poor in any other country. I talk with every cab driver and shoe shiner I meet, most who are immigrants, and they all came to America to make a better life for their families, and none regret that decision. We literally have people lining up to come to America. People want to be able to make their lives better by working hard and being rewarded for innovation and risk, and no other system provides that better than capitalism.

[old_gregg]

I talk with every cab driver and shoe shiner I meet, most who are immigrants, and they all came to America to make a better life for their families, and none regret that decision.

"yiss suh mista boss man, we's likes the food and them beds out back is mighty comfortable."

[old_gregg]

I have no idea why you say this. If you're right, prove it. Ot at least explain it. Otherwise you sound ignorant.

i'm right

[byu71]

"yiss suh mista boss man, we's likes the food and them beds out back is mighty comfortable."

You must be sitting around today with some really bad gas to pass. Good luck.

[Applejack]

It is awfully hard to access ones morals when it comes to money. I would say that the capitalistic system puts a better check on that than some form of a government system. A lot more greedy and immoral business types end up in jail than say government officials.

In addition on average I would bet those in the capitalistic system give far more to charity than our government servants. I could be wrong, especially if you count what government officials donate to causes by taxing the citizens for those causes.

Government made millionaires, would include Orrin, the Clintons, mayor of Chicago, Harry Reid, Pelosi (husbands government sweetheart deals), Terry M. and even Bernie who is worth close to a net worth of a million. Odds are if he hadn't gotten into government he wouldn't have a pot to piss in.

Don't forget that non-unsmart guy, Rick Perry: http://www.businessinsider.com/how-r...ionaire-2011-8.

$3 million since he became governor. Not a bad gig.

[byu71]

Don't forget that non-unsmart guy, Rick Perry: http://www.businessinsider.com/how-r...ionaire-2011-8.

$3 million since he became governor. Not a bad gig.

Yep, it isn't a benefit of government employees (high positions) for only democrats.

[Blueintheface]

i'm right

Why do you deflect all the time? You're obviously an expert at everything yet you never seem to add any color to that expertise. Continually spouting sentence fragments and attacking the intelligence of others; an unusual approach. I can't imagine spending any length of time in your presence. You're a miserable person. I await your short angry insult.

[imanihonjin]

Why do you deflect all the time? You're obviously an expert at everything yet you never seem to add any color to that expertise. Continually spouting sentence fragments and attacking the intelligence of others; an unusual approach. I can't imagine spending any length of time in your presence. You're a miserable person. I await your short angry insult.

The response will be something along the lines of:

"u r dumb"

[Joe Public]

I have no idea why you say this. If you're right, prove it. Ot at least explain it. Otherwise you sound ignorant.

I'm much more interested in hearing Cowboy prove or explain, with something more than conjecture, why he asserts that the Fed's treatment of Lehman was driven by cronyism (as opposed to Bernanke et al. bowing to the then-existing public sentiment disapproving the Bear Stearns/Fannie/Freddie bailouts, inaccurate/incomplete/ignored data regarding the solvency of Lehman, incorrect assumptions regarding the level of impact a Lehman bankruptcy would have on the markets, etc.).

[Note: Cowboy knows much more about economics than I do. I think, though, that his assertion in this case is the one that should draw interest and discussion based on the known facts of what happened in 2008.]

[old_gregg]

Why do you deflect all the time? You're obviously an expert at everything yet you never seem to add any color to that expertise. Continually spouting sentence fragments and attacking the intelligence of others; an unusual approach. I can't imagine spending any length of time in your presence. You're a miserable person. I await your short angry insult.

calm down bro we r friends

[Eddie]

I was having a conversation with someone this morning and they threw out the thought: "The wealthy elite who are Republicans tend to be business people. The wealthy elite who are Democrats tend to be politicians."

Kind of made me chuckle. Obviously not 100 percent accurate. We all like our cronyism. Some go the business route, some go the "public servant" route.

What is Rep Bishop's net worth. Wasn't he a school teacher before becoming a legislator? Seems like as a teacher he wouldn't have put too much in the bank. Curious what being a legislator did for him.

[old_gregg]

I'm much more interested in hearing Cowboy prove or explain, with something more than conjecture, why he asserts that the Fed's treatment of Lehman was driven by cronyism (as opposed to Bernanke et al. bowing to the then-existing public sentiment disapproving the Bear Stearns/Fannie/Freddie bailouts, inaccurate/incomplete/ignored data regarding the solvency of Lehman, incorrect assumptions regarding the level of impact a Lehman bankruptcy would have on the markets, etc.).

[Note: Cowboy knows much more about economics than I do. I think, though, that his assertion in this case is the one that should draw interest and discussion based on the known facts of what happened in 2008.]

but goldman is the devil, man

[Moliere]

I'm much more interested in hearing Cowboy prove or explain, with something more than conjecture, why he asserts that the Fed's treatment of Lehman was driven by cronyism (as opposed to Bernanke et al. bowing to the then-existing public sentiment disapproving the Bear Stearns/Fannie/Freddie bailouts, inaccurate/incomplete/ignored data regarding the solvency of Lehman, incorrect assumptions regarding the level of impact a Lehman bankruptcy would have on the markets, etc.).

[Note: Cowboy knows much more about economics than I do. I think, though, that his assertion in this case is the one that should draw interest and discussion based on the known facts of what happened in 2008.]

I may be misremembering, but the Feds felt like it was a mistake to let Lehman fail. Of course they realized this after the fact, which is part of what prompted them to save the other banks.


Sent from my iPhone using Tapatalk

[Copelius]

I was having a conversation with someone this morning and they threw out the thought: "The wealthy elite who are Republicans tend to be business people. The wealthy elite who are Democrats tend to be politicians."

Kind of made me chuckle. Obviously not 100 percent accurate. We all like our cronyism. Some go the business route, some go the "public servant" route.

What is Rep Bishop's net worth. Wasn't he a school teacher before becoming a legislator? Seems like as a teacher he wouldn't have put too much in the bank. Curious what being a legislator did for him.

Looks like he is 428 of 535 in rank with a net worth of -30,000 with assets at 20,000 and liabilities at 50,000. http://media.cq.com/50Richest/