The long period of time without a crisis was from the end of World War 2 to the 1970s, and it is more fair to associate the stability of that period with the rebuilding of Europ after the War, the massive spending associated with the Cold War, and the steady decline of the national debt in relation to GDP.

Okay, I got to admit your right here, but it would have been interesting what would have happened, without as you adress it, the massive spending.

Now, the current financial crisis can be blamed on ineffective oversight (SEC), an insane monetary policy (the Federal Reserve), moronic lending practices (Banks and Fannie May/Freddy Mac), changes to regulation (Republican Congress & Clinton), crying "Racism" when legitimate concerns were being brought up (Democratic Congress), and greedy Americans who ignored common sense in order to get what they want; but in no way is it related to the Bush Tax cuts or the Deficit under Bush, and claiming so only demonstrates a lack of understanding ...

You're right on everything except for the last sentence with the cuts. Just to the basis, not what could have been done with the tax money to prevent it.

Lower taxes = more money in hands = more money in products ignoring common sense = faster approaching crisis+less money to counter an approaching crisis in governments hands

I doubt that this demonstrates a lack of understanding.

The Bush tax cuts were bad, but not because lowering taxes is a bad thing ... The problem is that Bush didn't lower spending so the government ran an insanely large deficit.

I'm not going to argue with you about what lowering government spending could mean. Let's just agree, that the Bush tax cuts were wrong.

Keynes is an idiot because he suggested (and actually believed) that the government should pay people to dig ditches and then fill them up in order to spur economic activity and growth ... The truth is that economic growth only comes from an increase in the ammount of productive labour done, and without something valueable produced no productive labour is done.

This ditch digging is idiotic on the first view. But: People tend to get restless, if they got nothing to do and they feel good if they are doing something. It's not about you and me, but there are many people out there who just want to do anything no matter if it makes sense or not. Ditch digging would not be suggested today, because it's senseless in any way, but beacuse there is a better way to calm people down: TV.

...meaningless jobs...

I dont think a lot of 'capitalists' have a good understanding of economics, specifically public goods and externalities.

There are 'jobs' and technology that the free market could never provide. Only government funded programs could discover advances such as space flight, nuclear fusion and fission, and whatever advances come from the Hadron Collider. Only the government can provide roads, sidewalks, security and so forth.

It upsets me when people get upset that the government is funding programs when it is mostly responsible for our comfortable modern living. If the government didnt fund such meaningless programs, we would still be living in caves.

When the responsibilities that are within the jurisdiction of the federal government (that only the federal government can do) account for less than 1/3 of their budget you have to admit that something is wrong.

Are you serious?

When someone wanted to become a blacksmith in the middle ages did they have to reinvent blacksmithing?

If teaching wasn't a profession then people would go back to the apprentice system.  It would be annoying and it would be less efficent but society would survive and entire disciplines wouldn't just up and disapear.

That's just stupid.

Also... you know.  Books exist and such.  I mean people are homeschooled you know.  They turn out just fine when it comes to learning.

Now, a socialist would think, “if all 5 people were doing the same basic job, pay them all the same”. Why pay the GM so much more then the rest. The reason is output. If there was no reward for busting your ass, people would not do it. If they all made 60K, why work hard enough to become GM's.

Here's the real problem... if they were not working so hard to get that job, the quality of the work they did do would be less. If those 5 did not work hard at hiring the right people, buying the best food, building the right marketing campaigns, filling in for cooks or wait staff because they were short, making sure the bathrooms were clean, greeting customers to make sure there experience was tip notch, and so on, the business would have suffered. If they were not working so hard, the restaurant might have only brought in 1.5 million a year.

If the owner is only paying 10% of gross for there salaries, and now business has dropped to half because the restaurant is not what it used to be, he can only afford to pay each manager 30K a year.

So while they are now all “fair” by a socialists standards, every one of them loses income. Not only do they make less, any chance of becoming the guy who makes a lot is gone. There future is set.

But if the socialists work harder they also get paid more.

Getting paid more for working harder is not a socialist concept. In pure socialism, you should get paid the same regardless. Everyone working harder increases the standard of living for all, but for that to work, we need to build better humans. When you figure out a way to do that, give me a call :)

But in your example in the OP, the socialist system would allow people to earn more money by working harder because their wage is a percentage of profit. So working harder is rewarded in both the socialist and capatilist systems. But in the capitalist system, four out of the five people would earn less than in a socialist system and one person would earn (a lot) more.

who do you think wrote those books, some random guy who learned by hiself, no, 95% of them are teachers, it's easy to anderstand something but to explain it requires more skill that's why you need a Phd to teach in a university, teaching is not that simple my friend.

also sorry for the broken english am from public schooling in canada and am french canadien