O' Be Joyful
ohio hillbilly
- Joined
- May 12, 2019
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i got a degree in macroeconomics (minor) - what do you think i should learn?
Give 'em Hell Harry Truman once opined, "Give me a one-handed economist."
i got a degree in macroeconomics (minor) - what do you think i should learn?
It too much power in to few hands and vote fixing is taking place...what do you think i should learn?
You may own a piece of them but they have incredible voting power at the shareholder meeting... They could control every companies boards...Which means I own corporate America because my 401-k account is invested in two of the big three.
Jeez. Who cares? Have you any evidence of shenanigans in any company whose stock is owned by the big three? We still have a Securities and Exchange commission and a Commerce Department and laws governing the running of companies. Take a Prozac and chill.You may own a piece of them but they have incredible voting power at the shareholder meeting... They could control every companies boards
i got a degree in macroeconomics (minor) - what do you think i should learn?
Bernard said:Sir Frank is even worse in understanding economy, he is an economist
Washington, Jefferson, Madison, et. al. were also the elites of their day. Andy Jackson and Abe Lincoln were anomalies. Most of our presidents have been from the upper crust or pals with the upper crust. Same with the Senate. The House is a littld more egalitarian but it is not antwhere near a mirror image of our society. So what's new. Stsrting with Alexander Hamilton, John Hancock, Robert Morris we were led by the wealthy.America is a Oligarchy nation state... The few run the masses...
According to a new study from Princeton University, American democracy no longer exists. Using data from over 1,800 policy initiatives from 1981 to 2002, researchers Martin Gilens and Benjamin Page concluded that rich, well-connected individuals on the political scene now steer the direction of the country, regardless of – or even against – the will of the majority of voters. America’s political system has transformed from a democracy into an oligarchy, where power is wielded by wealthy elites.
your constitution (especially the ellectoral college) is set up to have a ruling class of rich folksWashington, Jefferson, Madison, et. al. were also the elites of their day. Andy Jackson and Abe Lincoln were anomalies. Most of our presidents have been from the upper crust or pals with the upper crust. Same with the Senate. The House is a littld more egalitarian but it is not antwhere near a mirror image of our society. So what's new. Stsrting with Alexander Hamilton, John Hancock, Robert Morris we were led by the wealthy.
You will see the tax cuts since the 60's have only gone to the wealthiest among us... That one party that cries for tax cuts only ever cuts taxes for the wealthiest what a scam....
Sorry. Marxism has lost. Socialism has lost. Free market capitalism is triumphant. It ain't nearly perfect, but it is the best system. By far.This link to the first Chapter of Denise Hearn book "The Myth of Capitalism" ... its a good short read with graphs showing her point... It shows what the first article shows every market turns into an Oligarchic state... @Jim Klag your perishes view of capitalism is threaten by the lack of competition...
Summary of her book:
The Myth of Capitalism tells the story of how America has gone from an open, competitive marketplace to an economy where a few very powerful companies dominate key industries that affect our daily lives. Digital monopolies like Google, Facebook and Amazon act as gatekeepers to the digital world. Amazon is capturing almost all online shopping dollars. We have the illusion of choice, but for most critical decisions, we have only one or two companies, when it comes to high speed Internet, health insurance, medical care, mortgage title insurance, social networks, Internet searches, or even consumer goods like toothpaste. Every day, the average American transfers a little of their pay check to monopolists and oligopolists. The solution is vigorous anti-trust enforcement to return America to a period where competition created higher economic growth, more jobs, higher wages and a level playing field for all. The Myth of Capitalism is the story of industrial concentration, but it matters to everyone, because the stakes could not be higher. It tackles the big questions of: why is the US becoming a more unequal society, why is economic growth anemic despite trillions of dollars of federal debt and money printing, why the number of start-ups has declined, and why are workers losing out.
It is failing us can it survive and here is a video by NBC about it... it only 4 min long... the four beliefs we have adopted from the 1980's that are failing us today...It ain't nearly perfect, but it is the best system. By far.
Okay, Mr. Fish. To what economic system would you suggest we convert?It is failing us can it survive and here is a video by NBC about it... it only 4 min long... the four beliefs we have adopted from the 1980's that are failing us today...
soziale marktwirtschaftOkay, Mr. Fish. To what economic system would you suggest we convert?