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Forums - Politics - I am the 1%. Let's talk!

SamuelRSmith said:
superchunk said:
WE are all the 99%. Those of you who argue this and don't understand what's really happening are the fools.

Its not communism vs capitalism. Its the super-rich vs everyone else. Its the push for modern slavery hidden by mirrors and a few carrots.


You are right, it's not capitalism vs communism. The OWS movement seems to be mainly socialism in the terms of European socialism - greater Government intervention, socialized programs, greater regulation of the markets -  with a few anti-capitalists thrown in. Nor is the otherside of this battle (that is, the status quo) capitalism. The status quo is a mixture of light European socialism with huge lumps of corporatism (bail-outs, subsidies, tax loop holes, etc).

I think the main problem for people like me, and those who are "part of 99%", but not agreeing with these protestors, is that we feel the protestors have it wrong, or are just confused. I mean, if you watch the video in the OP, the first protestor is claiming that the Government is bailing out and propping up corporations - which is true -  however, he calls this capitalism, which is false... his solution also seems to be "more Government". Well, the fact of the matter is, the more Government you have, the more corporatism you have. Basically - the more things Government controls, the more things the lobbyists control.

The fact of the matter is, we have too many people in power who don't understand economics, and we have too many people on the streets that don't understand economics. Friedman/Smith/Hayek should be on the reading lists for all high-schools (of course, in corporate America, with a Federal education system, this will never happen). Ron Paul said it right when he said [paraphrased] "the only problem with Austrian economics, is that most people don't understand them".

I don't see, in what I understand in the Occupy movement, and how it is working locally where I am, that whenever a General Assembly meeting is, and someone would propose a blanket blocking of capitalism, you couldn't just block it and disagree.  The approach looks like consensus to it, and you are free to go down and express your mind regarding it.  Particularly people on the anarchist side would end up speaking against the entire more government approach.

I would say to go down peacefully and engage there.  Feel free to donate some books on real capitalism.  I would say to try to shape the issue to be against Crony Capitalism.  I know with myself, I am pointing to "Fear the Boom and the Bust" and the sequel, when discussing things when I go.  End the Fed is welcome there.  Some may not agree with it, but it certainly isn't shouted down.  I also believe a get out of debt message would fit also.

Again, engage in this, and see.



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richardhutnik said:
SamuelRSmith said:
superchunk said:
WE are all the 99%. Those of you who argue this and don't understand what's really happening are the fools.

Its not communism vs capitalism. Its the super-rich vs everyone else. Its the push for modern slavery hidden by mirrors and a few carrots.


You are right, it's not capitalism vs communism. The OWS movement seems to be mainly socialism in the terms of European socialism - greater Government intervention, socialized programs, greater regulation of the markets -  with a few anti-capitalists thrown in. Nor is the otherside of this battle (that is, the status quo) capitalism. The status quo is a mixture of light European socialism with huge lumps of corporatism (bail-outs, subsidies, tax loop holes, etc).

I think the main problem for people like me, and those who are "part of 99%", but not agreeing with these protestors, is that we feel the protestors have it wrong, or are just confused. I mean, if you watch the video in the OP, the first protestor is claiming that the Government is bailing out and propping up corporations - which is true -  however, he calls this capitalism, which is false... his solution also seems to be "more Government". Well, the fact of the matter is, the more Government you have, the more corporatism you have. Basically - the more things Government controls, the more things the lobbyists control.

The fact of the matter is, we have too many people in power who don't understand economics, and we have too many people on the streets that don't understand economics. Friedman/Smith/Hayek should be on the reading lists for all high-schools (of course, in corporate America, with a Federal education system, this will never happen). Ron Paul said it right when he said [paraphrased] "the only problem with Austrian economics, is that most people don't understand them".

I don't see, in what I understand in the Occupy movement, and how it is working locally where I am, that whenever a General Assembly meeting is, and someone would propose a blanket blocking of capitalism, you couldn't just block it and disagree.  The approach looks like consensus to it, and you are free to go down and express your mind regarding it.  Particularly people on the anarchist side would end up speaking against the entire more government approach.

I would say to go down peacefully and engage there.  Feel free to donate some books on real capitalism.  I would say to try to shape the issue to be against Crony Capitalism.  I know with myself, I am pointing to "Fear the Boom and the Bust" and the sequel, when discussing things when I go.  End the Fed is welcome there.  Some may not agree with it, but it certainly isn't shouted down.  I also believe a get out of debt message would fit also.

Again, engage in this, and see.


I would engage, but I'm from the UK. There are no OWS movements going on near me. In fact, at the University I'm on, I'm guessing that fewer than 50% of the students have even heard of the OWS movement.



silicon said:
Soleron said:
mrstickball said:
dany612 said:
I'm pro capitalism, I'm anti corporate greed and corruption.

So how do you enforce this 'anti corporate greed and corruption'?

Insane transparency. Require all government and corporate documents and emails to be published.

I don't think the concept of a state or trade secret is beneficial to anyone either.

They have insane transparency already.

I'd like to see the emails of all Exxon-Mobil executives for the last five years please. Particularly related to who they had to bribe to be able to extract oil in various less developed countries.

Btw corportations are by law required to earn money for their owners (i.e. shareholders). It's by law. Private corportations have the luxury of doing things that are better for people.

Yes, the problem is when they break existing law to do so (in particular: fraud, antitrust, tax evasion, false advertising, illegal contract terms, abuse of vague patents, misuse of personal data) and never get caught or the people responsible never held to account.

This whole argument doesn't really make sense. Our incredibly comfortable lives have become a reality because we allowed corportations to exist. So what a few people are really rich. In general our lives are amazing.

Capitalism works, yes. It works better when everyone is made to play by the rules so from the smallest to largest they are all subject to the law, and the best way of enforcing that is opening up everything.





richardhutnik said:
HappySqurriel said:
richardhutnik said:
HappySqurriel said:
mrstickball said:
dany612 said:
I'm pro capitalism, I'm anti corporate greed and corruption.

So how do you enforce this 'anti corporate greed and corruption'?


A few thoughts ...

Government involvement in the economy is bound to happen and is not (necessarily) a bad thing, but the role of the government should be more like that of a referee than a participant. Essentially, their focus should be on fairness (think in the context of sports, ie. equality of opportunity) and preventing dangerous activity that creates excessive risk of injury (fraud, corruption, etc.)

Restrictions  should be put on campaign finance ... Individuals, corporations, unions and charities should all be able to make political donations, but there should be a uniform cap on their total donations in a year; and donations to a party or a third party cause should count against the same cap. The cap should be high enough that people can freely support the candidates and causes they want, but low enough that organizations can't buy influence by funding every candidate in every election.

The Citizens United case enables a big end-around from this:

http://en.wikipedia.org/wiki/Citizens_United_v._Federal_Election_Commission

What can happen is that you end up being where you don't even need campaign financing.  Just form a PAC and run advertising on TV in support of an issue or a candidate, as much as you want.  Or, you run advertising against a candidate.  End result is that the money goes elsewhere and still attempts to do what it wants to do.

Part of my plan was to bound PACs to the contribution cap ...

The case said that anyone can buy air time at any time and air it, because it is their constitutional right.  If you do that, isn't it possible for yet another end around?  I see it is possible.   Ok, maybe I misunderstand, but were you proposing people were limited to how much they could donate to a PAC?

I don't see buying air-time as being a significant "end-around" because if an individual or organization wants to spend the money on their own to announce their support for an individual or a cause they should be able to ... But there should be a cap on the amount of money an individual or organization should be able to spend funding politicians and/or political organizations which hide their support.

Or to use an example, if GE wants to spend millions of dollars on an ad-campaign to announce their support for green initiatives to gain billions of dollars in subsidies they should be able to; but they shouldn’t be able to funnel a similar amount of money into a PAC called "Citizens for a green tomorrow" and hide their support to avoid negative consequences.



SamuelRSmith said:
richardhutnik said:
SamuelRSmith said:
superchunk said:
WE are all the 99%. Those of you who argue this and don't understand what's really happening are the fools.

Its not communism vs capitalism. Its the super-rich vs everyone else. Its the push for modern slavery hidden by mirrors and a few carrots.


You are right, it's not capitalism vs communism. The OWS movement seems to be mainly socialism in the terms of European socialism - greater Government intervention, socialized programs, greater regulation of the markets -  with a few anti-capitalists thrown in. Nor is the otherside of this battle (that is, the status quo) capitalism. The status quo is a mixture of light European socialism with huge lumps of corporatism (bail-outs, subsidies, tax loop holes, etc).

I think the main problem for people like me, and those who are "part of 99%", but not agreeing with these protestors, is that we feel the protestors have it wrong, or are just confused. I mean, if you watch the video in the OP, the first protestor is claiming that the Government is bailing out and propping up corporations - which is true -  however, he calls this capitalism, which is false... his solution also seems to be "more Government". Well, the fact of the matter is, the more Government you have, the more corporatism you have. Basically - the more things Government controls, the more things the lobbyists control.

The fact of the matter is, we have too many people in power who don't understand economics, and we have too many people on the streets that don't understand economics. Friedman/Smith/Hayek should be on the reading lists for all high-schools (of course, in corporate America, with a Federal education system, this will never happen). Ron Paul said it right when he said [paraphrased] "the only problem with Austrian economics, is that most people don't understand them".

I don't see, in what I understand in the Occupy movement, and how it is working locally where I am, that whenever a General Assembly meeting is, and someone would propose a blanket blocking of capitalism, you couldn't just block it and disagree.  The approach looks like consensus to it, and you are free to go down and express your mind regarding it.  Particularly people on the anarchist side would end up speaking against the entire more government approach.

I would say to go down peacefully and engage there.  Feel free to donate some books on real capitalism.  I would say to try to shape the issue to be against Crony Capitalism.  I know with myself, I am pointing to "Fear the Boom and the Bust" and the sequel, when discussing things when I go.  End the Fed is welcome there.  Some may not agree with it, but it certainly isn't shouted down.  I also believe a get out of debt message would fit also.

Again, engage in this, and see.


I would engage, but I'm from the UK. There are no OWS movements going on near me. In fact, at the University I'm on, I'm guessing that fewer than 50% of the students have even heard of the OWS movement.

You are nowhere near any protests?  Maybe a place to engage would be on the web at least.  It might be I benefit from one near where I am, so I can go out to it.  

I will say there is a bit of confusion, or frustration of seeing that it looks like they have been shorted and don't see signs of hope.  A lot of groping for answers here, but that is part of the process.  Considering how much you get prepacked answered pitched all the time, with each person targeted as a consumer, this groping for answers seems different and "not what one should expect from a protest".  It is more of, we are mad as hell at things, and not going to take it any more.  Signs point to bail outs as a problem, and a small percentage doing better and better as the rest end up worse off.

On this, I can say, if there isn't anything Occupy near you, and you are concerned, start some meetings to discuss the fate of the world, and see what can be come up with.  Engage somehow, don't just be isolated.



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SamuelRSmith said:
Kasz216 said:
SamuelRSmith said:
superchunk said:
WE are all the 99%. Those of you who argue this and don't understand what's really happening are the fools.

Its not communism vs capitalism. Its the super-rich vs everyone else. Its the push for modern slavery hidden by mirrors and a few carrots.


You are right, it's not capitalism vs communism. The OWS movement seems to be mainly socialism in the terms of European socialism - greater Government intervention, socialized programs, greater regulation of the markets -  with a few anti-capitalists thrown in. Nor is the otherside of this battle (that is, the status quo) capitalism. The status quo is a mixture of light European socialism with huge lumps of corporatism (bail-outs, subsidies, tax loop holes, etc).

I think the main problem for people like me, and those who are "part of 99%", but not agreeing with these protestors, is that we feel the protestors have it wrong, or are just confused. I mean, if you watch the video in the OP, the first protestor is claiming that the Government is bailing out and propping up corporations - which is true -  however, he calls this capitalism, which is false... his solution also seems to be "more Government". Well, the fact of the matter is, the more Government you have, the more corporatism you have. Basically - the more things Government controls, the more things the lobbyists control.

The fact of the matter is, we have too many people in power who don't understand economics, and we have too many people on the streets that don't understand economics. Friedman/Smith/Hayek should be on the reading lists for all high-schools (of course, in corporate America, with a Federal education system, this will never happen). Ron Paul said it right when he said [paraphrased] "the only problem with Austrian economics, is that most people don't understand them".

Yeah... the real problem with the  Occupy Wallstreet movement is they are essenitally saying....

"End the wars we have now and start no more wars, therefore we must invade IRAN!"

I would actually say there are some flaws with Austrian economics though.

Austrian economics while smart to move away from falsely created economic models they seem to do little actual qualitative research.

Really economic theory should not be one global one size fits all theory but should be broken up basically by the cultures of diffeernt geographical "economic zones".

As consumers in different areas will act differently to the same events.


Not agreeing or disagreeing, here, but could you give some examples?

In smaller strokes yeah.

For example... in my Consumer Psychology class my proffessor talked about a big McDonalds opening in Moscow. it was one of the first McDonalds there, and it was HUGE.  Had 5 Cashiers so there would be no wait.

It did poor buisness and they had to cut the cashiers down to 2.... and then the strangest thing happened.   Buisness greatly increased.

Due to how the USSR used to be, there used to be LOOOOOOONG lines that would take hours to get to the end of, they were so long it often wasn't worth it to go to the front of the line to see what they were giving away because so many people would end up lining up ahead of you.


So they devleoped a habit of just picking the longest line they could find because the longer the line meant the more valuable the product being given away.  If you already had it you could trade it for what you did need.

As such that developed an consumer culture opposite of ours, IE "Long lines = Good because it's a sign of a quality product."

There willingess to spend time was greater then ours, where often we're more then willing to spend money so we don't waste time.


So in broader strokes for example.  Keynsian economics may work in a country like North Korea or China by simply not announcing the government intervention which would give the illusion that private enterprise is doing better, when it's not.

I'd say Keynsian economics doesn't work in the West because people know the goverment is doing it.

When the government says "We're going to spend all this money to fix the economy."

The Keynsian belief seems to be people will thing "Great, lets start buying again right now, since I can be sure the economy will be fixed."

I think the general person's thought is "Great, so if all goes well, we've only got to tighten our belts a little longer. "

Ironically constricting consumer spending more since inaction would lead to the general consesnus.

"This might go on for a long time, so there is no point in putting off my big purchase unless I want to never get it."  (IE: big screen TV, videogame system whatever.)

 

To the people in North Korea, they'd just think  "Hey things are getting cheaper/better, we don't have to worry as much."



Kasz216 said:
  

In smaller strokes yeah.

For example... in my Consumer Psychology class my proffessor talked about a big McDonalds opening in Moscow. it was one of the first McDonalds there, and it was HUGE.  Had 5 Cashiers so there would be no wait.

It did poor buisness and they had to cut the cashiers down to 2.... and then the strangest thing happened.   Buisness greatly increased.

Due to how the USSR used to be, there used to be LOOOOOOONG lines that would take hours to get to the end of, they were so long it often wasn't worth it to go to the front of the line to see what they were giving away because so many people would end up lining up ahead of you.


So they devleoped a habit of just picking the longest line they could find because the longer the line meant the more valuable the product being given away.  If you already had it you could trade it for what you did need.

As such that developed an consumer culture opposite of ours, IE "Long lines = Good because it's a sign of a quality product."

There willingess to spend time was greater then ours, where often we're more then willing to spend money so we don't waste time.


So in broader strokes for example.  Keynsian economics may work in a country like North Korea or China by simply not announcing the government intervention which would give the illusion that private enterprise is doing better, when it's not.

I'd say Keynsian economics doesn't work in the West because people know the goverment is doing it.

When the government says "We're going to spend all this money to fix the economy."

The Keynsian belief seems to be people will thing "Great, lets start buying again right now, since I can be sure the economy will be fixed."

I think the general person's thought is "Great, so if all goes well, we've only got to tighten our belts a little longer. "

Ironically constricting consumer spending more since inaction would lead to the general consesnus.

"This might go on for a long time, so there is no point in putting off my big purchase unless I want to never get it."  (IE: big screen TV, videogame system whatever.)

 

To the people in North Korea, they'd just think  "Hey things are getting cheaper/better, we don't have to worry as much."

I find the Moscow anecdote fascinating, but it actually adds fire to the bottom-up argument of the Austrian School, on two levels. The first being that Austrian Economists often vouch that there is more to life than money. They realize that different people hold different things to different values (like, for example, the value of a person's time), it's the Keynsians who often view money as being the only important thing - they vouch for equality, but only equality of money, nothing else is important to them. It's like an obsession.

The second point is that Austrian Economists always argue for a bottom-up approach to running economies. Had the Soviets created a burger restaurant in Moscow, and gave it lots of resources, enough to staff 5 cashiers, it would have taken a lot longer for the restaurant to change its business plan to reflect the cultural differences, as it would have had to wait for political decrees from the top-down.

----

The Chinese/North Korean example.... I dunno how much I believe that. There are many issues with both the Chinese and North Korean economies. The Chinese may not be aware that the Government are artificially stimulating the economy, but the businesses are - small businesses are having a lot of trouble getting loans in China (much like the US/rest of the world) because the Chinese banks are putting all of their capital into state companies. The banks know that the state companies offer no risk, as they're backed by the Chinese Government. The Chinese economy would probably grow faster if their Government slashed spending. Poor decisions among the Chinese officials, combined with the public becoming too over-reliant on Government assurance have created some massive bubbles. You thought the housing bubble here was bad? There is something like 80 million uninhabited homes in China, which all need to go onto the market at some point.

I think you're right in the sense that, because there's less transparency, certain consumer behaviors under typical Keynsian/top-down economics do not come into play. However, those consumer behaviors are not the only problem with those economic schools.



I wasn't suggesting that Keynesian economcis would work at Moscow, it's just an example to show that cultures are widely different.

There is probably somewhere in the world where people are either optimistic enough or ill informed enough where a typical Keynesian style stimulus actually would provide more then a minor Sugar high.



dany612 said:
I'm pro capitalism, I'm anti corporate greed and corruption.


^^^^ This. And thing is when you really get down to it, coorperatism and capitalism can not coexist which tells you what the economic state of America really is!



Kasz216 said:
I wasn't suggesting that Keynesian economcis would work at Moscow, it's just an example to show that cultures are widely different.

There is probably somewhere in the world where people are either optimistic enough or ill informed enough where a typical Keynesian style stimulus actually would provide more then a minor Sugar high.


I'm sure if you have a small enough population of people, some aspects of a top-down approach work. Still, the Keynsian acts of printing money, running deficits, will still cause problems.