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."