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Users who Dugg This
Philip Lester
11 Followers
laurea caurter
1 Followers
aletoledoOct 17, 2008
It's not just government, but corporate/businesses (i.e. the rich) that practice this as well. We all need to rack up a tab at the company store.
frozen1Oct 17, 2008
Digg is filled with people that can't think, all the insanely dugg up comments prove their lack of depth in their education. "It's not capitalism, it's the government we just need more market forces and automagically everything will be fine!" Yeah like how we had capitalism unregulated before unions and the civil rights movements. How business was allowed to kill workers up into the 1930's and discrimnate against blacks.. right... History is more complicated then average cheezehead at digg knows about. These people don't know any history at all, the average digger who gets dugg up for plugging peter schiffs has among the poorest education. The world is not an ideology, average minds need some idea to bind their worldview together however, ideology unfortunately is just another religion used to stop critical thinking in place of reason, it betrays a lack of subtlety and insight that comes from deep exploration of history and not the stuff force fed to the average american in the schools and in the news.It shows a lack of understanding of the complexity of the real world outside of north america and not some ideological fantasy land most north americans live in. Americans live in a bubble of ignorance and repression without realizing it. Ideas are not reality, is reality an ideology? I didn't think so either.I hold the liberal, libertarian and conservative philosophies in equal contempt. My bashing of one is not support for the other.
Closed AccountOct 17, 2008
Blame the Fed, then FIRE it, just like we did to the 1st 2 central banks in the USA, both of which no longer exist. Why won't the govt learn from it's own past mistakes????
dralhaOct 18, 2008
Ahh, yes, let's just destroy the government and let our lord and savior, "free market," magically lead the way to a perfect utopia. It's hard to tell which would be worse: the oppressive plutocratic theocracy of the republicans, or the savage lawless anarchy of the libertarians.
thecoolestguyOct 18, 2008Submitter
America is going bankrupt now, its industrial base is being exported abroad, and median wages have stagnated since 1971. Government interventionism doesn't work.I think you are failing to think about this rationally.That life expectancy was lower then than now is a consequence of the level of technological/economic development that existed 150 years ago, not a consequence of bad political policy back then.The fact is, the best growth was in the 19th century. That's when American became the industrial super power of the world. Back then the standard of living and median wages increased rapidly every year.Back then the federal government used up only 3% of GDP, compared to 20% today, and back then almost any sort of labor restrictions imposed by State governments (e.g. maximum work hours permitted per week) were struck down by the Supreme Court as violating individuals' natural rights.
mclaincauseyOct 18, 2008
That is an opinion. Valid as an opinion, but still nothing more.One could say that the increased entanglement of world economies had something to do with the relative length of the depression. Or it could have been worse than past depressions due to Hoover signing Smoot-Hawley and raising taxes to balance the budget. The fact is, no one really knows, we only have competing theories, and your certitude is not warranted.What we do know is that 3 conservative administrations preceded the Depression, and one was in office when it started.
mempkoOct 30, 2008
"government intervention, which is anti-thesis to capitalism.". Government intervention that benifits the big banks and business is NOT anti-thesis to capitalism because it gives more power/money to capitalists. Capitalism is independent of free market. Capitalism means the private ownership and control of the means of production. The government intervention did not make the control and ownership public. It can work when there is a free market, or no free market like the Soviet Union.
afruff23Oct 31, 2008
"Capitalism scales much better, but left to its own devices too much power tends to concentrate with too few entities. Cost to enter the market grows prohibitive,"The cost to enter the market of government is in the trillions (i.e. to fight off the US government's military when they try to stop you from competing with the government). What do you have to say to that? There is no other area with such a huge barrier to entry, so that shoots your theory down.
packers2009Jul 17, 2009
My f**kin god... seriously!"People are so brainwashed into thinking one idea..."Congrats you just conformed and are now drinking the Peter Schiff kool-aid.Was he right about the economic collapse, hell yes he was. But just because you were right about one thing doesn't make you right about EVERYTHING. Perfect example is Obama. Many people voted for him because he was right about never going to Iraq; obviously he hasn't been right many times these days.One more thing; how can you say he should be President if all we've heard from him is the economy which he says oh by the way the government shouldn't control; so him being in the highest office of the government would do no good to us since he'll be doing nothing about the economy so virtually no point.