Tag Archives: economics

Socialism

It’s just as bad as capitalism. The isms tend to suck. Capitalism sucks for the people who don’t have a great opportunity or don’t want to further advance themselves into the “owning class.” Yeah, that’s not an easy feat, but some people are content at doing the bare minimum to make things work. Socialism sucks for people who actually want to be able to do whatever they want. Should everyone be equal? Probably not. There has to be some level of commitment in people to do something. Setting people equal is just a form of manipulation, especially since I imagine not a lot of people want that. I know inequalities create conflict, but what can you do? The whole worker management system is a generally good idea, but wouldn’t work in every scenario. In some industries there has to be some level of hierarchy — provided that this hierarchy is agreed upon by basically every stakeholder. And finally, I have understood socialism and communism! Yes, I have! Well kind of. A whole lot of socialists and communists are atheists so they are like yo, yo, I want THIS life to be awesome because we are just going to rot afterward. The capitalists are like yo, yo, suffer and believe and you shall be granted a great afterlife. Both are pretty crooked outlooks, in my opinion. I’m a pretty religious guy, but I want the poor and the near-poor to get their share. They can just lounge around. I’m not making excuses in support of the owning class, but let’s get real here. If you come from no money, it’s going to suck, but at least make some kind of attempt to rebel or just work your ass off. K bye.

Marketing = Anti-Market

Marketing is anti- free market. I’ve been thinking about this a lot recently and I’ve found only one other guy that has willed to write about this subject online. Here is a portion of his rant:

“A capitalist system consists of a producer and an INFORMED consumer. As I said before, advertisements are increasingly informing less and marketing image more. This allows companies to maintain a monopoly of image contrary to the blindness of market forces. What do I suggest to remedy the situation? Do as they do for drug advertisements in Australia, set up a governemnt advisary board to regulate advertisements to limit them to purely or at least primarily substance based. This would not only create a more informed consumer, but it would get rid of all those bullshit, “buy this kitty litter cause it’ll get you laid” commercials. And that’s good for everyone.” LINK

What’s happening is consumer rights are being violated due to the forces of marketing and its presence in public spaces. I don’t mind advertisements on private property (example: storefront signs advertising low prices), but things like billboards and commercials are invasive and create artificial demand, just like the Federal Reserve creates artificially low interest rates. Both are anti-free market. Anti-saving. Pro-consumption. Pro-spending.

Fed Audit Reaches Majority

WorldNetDaily
Less than 24 hours after WND reported a proposal from U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve was approaching majority support in the U.S. House, he is confirming the plan has reached that “crucial benchmark.”

“The tremendous grass-roots and bipartisan support in Congress for H.R. 1207 is an indicator of how mainstream America is fed up with Fed secrecy,” Paul said shortly after U.S. Rep Dennis Kucinich, D-Ohio, became the 218th cosponsor, giving the plan, technically, majority support in the 435-member House.

“I look forward to this issue receiving greater public exposure,” Paul said.

This is not enough…END THE FED!

Kinda Large Budget Deficit

WERS News
1.4 trillion is the amount of the budget deficitĀ for the 2009 fiscal year, according to the nonpartisan Congressional Budget Office (CBO). This deficit, the highest in our economy in over half a century, was estimated for 2009 until September 30th.

For the month of September alone, the U.S. ran an estimated deficit of 31 billion.

Patrick Yoest for Dow Jones Newswires said that “The fiscal 2009 spending is equal to 25% of the nation’s gross domestic product, which the CBO states is “the highest level in over 50 years.”

Yoest said that “The CBO in its monthly budget report states that the fiscal 2009 deficit was estimated to equal 9.9% of gross domestic product in the U.S. – the largest deficit relative to the nation’s gross domestic product since 1945.

So much for fiscal responsibility!

Productivity…Rises!

WASHINGTON (Reuters) — U.S. non-farm productivity was stronger than initially thought in the second quarter as companies slashed costs to protect profits, data showed on Wednesday.

The Labor Department said non-farm productivity rose at a 6.6% annual rate, rather than the 6.4% pace it reported last month. That was the biggest increase since the third quarter of 2003.

Productivity rose at a 0.3% pace in the first quarter.

Analysts polled by Reuters had forecast productivity, which measures the hourly output per worker, rising at a 6.4% rate in the second quarter.

Unemployment still at an inadequate level.

Our Society Fails!

Because we choose*:

1. Impulse over deliberation
2. Feeling over reason
3. Play over work
4. Instant gratification over long term satisfaction
5. Egoism over altruism
6. Narcissism over sociability
7. Entitlement over obligation
8. Individualism over community
9. Ignorance over knowledge
10. Speeding things up, accelerating vacations, and quick-fucking over taking things slowly, prolonged vacations, and committed relationships.

*The majority of the ideas expressed above come from the book Consumed by Benjamin R. Barber.