Pretty sure the nail is in the coffin in terms of Milton Friedman's Free Market.

___________________

Now with extra singles!
my old stuff, not quite up to snuff - but I still dig it - UPDATED 9/23/2012

strange enough his "free market" system in quotations for the sheer lunacy of calling it that is pretty much how USA is run.

But if BTG wanted to adopt those policies, he would have to covertly give his neighbour aids then buy his belongings when said neighbour needs to pay for medicine at ridiculously low price.

___________________
"This is why Superman works alone." GC
old stuff from days gone by (2001-2004)
Mad For Brad's gay little contest

quote:

Originally posted by Looney4Clooney strange enough his "free market" system in quotations for the sheer lunacy of calling it that is pretty much how USA is run.

(Forgive me if you already knew as much as you seem well read on this subject.)

Well, there is a reason that neoliberalism (aka neoconservatism & free market) is often called the Washington Consensus. Latin American academics call it Dependency Theory. As much as people bitch about the growing number of poor being on welfare, that is the condition the abandonment of Keynesian economic policies has fostered as many of the same conditions leading to the Great Depression in 1929 are present in today's "free" market. It seems like, currently, the goal is to stave off a depression by propping up many of the market actors responsible. What seems to be happening, however, is that the bubbles which would pop, leading to the demise of "free market capitalism", are kept perpetually inflated. Yes, a market collapse would be catastrophic but no one on Wall Street wants to make the sacrifices that would ensure stability. Instead, we're stuck with a one-way valve into a balloon, the integrity of which is desperately managed through a liberal application of band-aids.

___________________

Now with extra singles!
my old stuff, not quite up to snuff - but I still dig it - UPDATED 9/23/2012

Where is Winston now.

I want to rub it in his face that gold was a better option than silver.

quote:

Originally posted by EddieZilker (Forgive me if you already knew as much as you seem well read on this subject.) Well, there is a reason that neoliberalism (aka neoconservatism & free market) is often called the Washington Consensus. Latin American academics call it Dependency Theory. As much as people bitch about the growing number of poor being on welfare, that is the condition the abandonment of Keynesian economic policies has fostered as many of the same conditions leading to the Great Depression in 1929 are present in today's "free" market. It seems like, currently, the goal is to stave off a depression by propping up many of the market actors responsible. What seems to be happening, however, is that the bubbles which would pop, leading to the demise of "free market capitalism", are kept perpetually inflated. Yes, a market collapse would be catastrophic but no one on Wall Street wants to make the sacrifices that would ensure stability. Instead, we're stuck with a one-way valve into a balloon, the integrity of which is desperately managed through a liberal application of band-aids.

but that is esssentially Friedman economics. Create uncertainty and despair and then exploit it. That is what the wallstreet execs did. It is also how we frame our entire foreign policy and internal privatization. Fuck it up, then let the wolves set up and profit. Not a free market. Corporate welfare.

The USA is far from a free market.


There is a book I read Shock Doctrine which is a good read. I think it might be a movie too.

I wouldn't say i know economics. I just read stuff and my memory ain't so bad. I am a little biased in that Chomsky is my niggah. He makes things easy to understand.

___________________
"This is why Superman works alone." GC
old stuff from days gone by (2001-2004)
Mad For Brad's gay little contest

.

quote:

Originally posted by Looney4Clooney There is a book I read Shock Doctrine which is a good read. I think it might be a movie too.

That explains it! I'm currently reading that and took Macro-Economics as my elective, last year. I've actually seen the movie. It's a good recap, but not as good as the book for in-depth information. There are a number of other sources which echo her, without really saying what she's said.


I'll try and accumulate those.

___________________

Now with extra singles!
my old stuff, not quite up to snuff - but I still dig it - UPDATED 9/23/2012

quote:

Originally posted by EddieZilker That explains it! I'm currently reading that and took Macro-Economics as my elective, last year. I've actually seen the movie. It's a good recap, but not as good as the book for in-depth information. There are a number of other sources which echo her, without really saying what she's said. I'll try and accumulate those.

yeah credit card.

credit card, only if you plan to pay it on time

I will gladly pay interest on an unpaid credit card if it is something I need to survive.

quote:

Originally posted by tubularbills I will gladly pay interest on an unpaid credit card if it is something I need to survive.

lol yah you're gonna die without your credit card.