Capitalism vs Socialism

[gobar]

Top 10 Capitalist countries with the freedom index score:

1) Hong Kong 89.9
2) Singapore 87.5
3) Australia 83.1
4) New Zealand 82.1
5) Switzerland 81.1
6) Canada 79.9
7) Chile 78.3 (now the richest per capita in Middle/South America)
8) Mauritius 77
9) Ireland 76.9
10) USA 76.3 (so sad, #10)


Now let see... Hong Kong : pegged currency.. capitalist or socialist?
singapore: 85 % housing controlled by government. rates controlled by gov.
switzerland: money flowing from countries rich to avoid taxes..

 

[murray t turtle]

Quote from oldtime:

Mexico is one of the most right wing countries in the world.
They sure aint fleeing to get away from socialism.

You want to see what USA would look like without socialism, spend some time down in Mexico.

===========

First paragraph could be right;
but i have been to Mexico. Main problems are huge illiteracy[a]25% in 1970s, country has much religion,but US has a Judeo Christian foundation , much better than religion[c]crooked greedy/bribe loving gov .I try avoid it for those reasons, generally speaking...

FDR , in 1930s brough in some socialism;
but even he did not believe in gov unions.So, no, socialsim is not a solution, its a problem, with all due respect. Reading is mainly a parental task, not gov task...

 

[oldtime]

Quote from murray t turtle:

===========

First paragraph could be right;
but i have been to Mexico. Main problems are huge illiteracy[a]25% in 1970s, country has much religion, Us has a Judeo Christian founndation [c]crooked greedy/bribe loving gov .

FDR , in 1930s brough in some socialism;
but even he did not believe in go unions.So, no, socialsim is not a solution, its a problem, with all due respect

It's a problem when the poor would go hungry without it

 

[McFadden5252]

Keynesian policies are a quick fix. The Great Depression was caused by the Federal Reserve expanding our currency too far. Not Laisse Faire economics. The fed was created to buckle down during contraction and expand when we are in expansion. Instead it expands 24/7 and led us to the great depression. FDR's big government new deal was a quick fix but the problems we are facing today stem from it. In the 1800's before the fed creating fiat money, if you put your money in the attic it gained value instead of losing value due to inflation. The dollar kept getting stronger when it was backed by the gold standard. Look at all of our bailouts and quantitative easings.. Quick fixes. Save jobs now and put off a HUGE deficit for later. QE's make temporary jobs and spark very small growth. Ben Bernake of the Federal Reserve discussed another QE and said they are not working like the Fed had planned so he won't have another one.

 

[Jason Edwards]

State supported vs responsible hard working citizen

 

[piezoe]

Quote from McFadden5252:

Keynesian policies are a quick fix. The Great Depression was caused by the Federal Reserve expanding our currency too far. Not Laisse Faire economics. The fed was created to buckle down during contraction and expand when we are in expansion. Instead it expands 24/7 and led us to the great depression. FDR's big government new deal was a quick fix but the problems we are facing today stem from it. In the 1800's before the fed creating fiat money, if you put your money in the attic it gained value instead of losing value due to inflation. The dollar kept getting stronger when it was backed by the gold standard. Look at all of our bailouts and quantitative easings.. Quick fixes. Save jobs now and put off a HUGE deficit for later. QE's make temporary jobs and spark very small growth. Ben Bernake of the Federal Reserve discussed another QE and said they are not working like the Fed had planned so he won't have another one.

Much of this is incorrect. Some of it extremely so.
see for example:
http://en.wikipedia.org/wiki/Glass–Steagall_Act
http://en.wikipedia.org/wiki/Nixon_Shock
http://en.wikipedia.org/wiki/Federal_Reserve_System
http://en.wikipedia.org/wiki/List_of_banking_crises
http://en.wikipedia.org/wiki/Causes_of_the_Great_Depression

 

[murray t turtle]

Quote from oldtime:

It's a problem when the poor would go hungry without it

Good idea helping the poor;
even though all the world would consider any American rich. Any American can get free , clean water[water fountain.] TV preachers give away free Bibles.Library cards are free...

a]Best way is churches/synagougesgive away. My church gives way food free & meals.

b[Operation Blessing & 2nd Harvest[again ,theyre private sector]

c]Even President Barak's wife advertised the private sector ''victory gardens''Cool.

d]State[Food stamps] Maybe they should require any landowners to work a little victory garden, even to get food stamps

My Christian banker Dad gave away lots of food to both rich & poor;
no wonder he/we ate like a king

 

[oldtime]

Quote from murray t turtle:

Good idea helping the poor;
even though all the world would consider any American rich. Any American can get free , clean water[water fountain.] TV preachers give away free Bibles.Library cards are free...

a]Best way is churches/synagougesgive away. My church gives way food free & meals.

b[Operation Blessing & 2nd Harvest[again ,theyre private sector]

c]Even President Barak's wife advertised the private sector ''victory gardens''Cool.

d]State[Food stamps] Maybe they should require any landowners to work a little victory garden, even to get food stamps

My Christian banker Dad gave away lots of food to both rich & poor;
no wonder he/we ate like a king

I agree, the government should be compassionate like most churches are

 

[trefoil]

Quote from McFadden5252:

Keynesian policies are a quick fix. ... usual bs ...

In the long run we're all dead.

Guess who said that? Why would you think he would have thought otherwise?
Keynesian economics isn't meant to be some all-encompassing theory, like Marx or Hayek.
He had no such pretensions. He was writing about how to solve a specific, practical problem.
Anybody can theorize. Someone needs to do the hard work it takes to actually research how the real world works and solve real world problems.

 

[McFadden5252]

Keynes created bigger problems. No argument