fun facts:

#1 FDR implemented trickle up economics in the USA, resulting in the biggest economic gains in the history of the world

#2 There is a correlation between minimum wage in real terms and and the general health of the economy in the USA

#3 The USA has always had a hybrid model of socialism and capitalism

A country sucking has more to do with the people in it then the economic model they live under. Any shitty system can work given the right set of citizens. There are plenty of "socialist" countries that are doing just as well as the US, and plenty of "capitalist" countries doing great too. Basically, if there are a lot of greedy, selfish assholes at the top, and a bunch of dumb fucks at the bottom, the system is doomed. (USA)

@j31c3n: The beauty of our system is that Capitalism is self correcting. It's Government intervention that impedes it's swift self corrections.

@Anonymous: > Any shitty system can work given the right set of citizens.

Communism works in theory but never in practice.

@DashDeschain: If it is so self correcting, explain to me how life was before the FDA.

@DashDeschain: Fuck no. If the Government didn't intervene our environment would be total horse shit, we'd still be working into 18hrs days as a child with no benefits, there would be no fucking standards for anything related to building or power grids. Geez keep dreaming bud.

@tdfischer: That's impossible to say. Do you consider China a failure? Has every type of communism been tried?

@Anonymous: Government intervention into self-correction cycles are the topic, not government regulation.

You think Tarp, Tarp 2.0 and the Bailouts did anything but lengthen our recession?

'Too big to fail.' - What a joke.

@Anonymous: I do consider china a failure, yes. With the rise of communist china, the people have seen their human rights eroded.

@Anonymous: You want someone to explain the FDA to you, but then you praise China?

You're Daft.

@DashDeschain: 1. I'm not the samefriend
2. I don't like china, but you can hardly say it's a failure. Maybe it's evil, but certainly no failure.

@bcorsaro: I disagree.

It is a collapsing colossal failure.

Almost off of their citizens live in poverty, and not 'American' type poverty. Our concept of poor is their concept of fine living.

@DashDeschain: China is collapsing? That's a weird take on two decades of double digit growth.

@Anonymous: here, have a cookie with your milk

@Anonymous: But increased consumption and demand, combined with new untested production techniques, means that milk can be created at a lower cost using potentially dangerous technologies that didn't even exist during the period you refer to and have not been around long enough to be proved safe.

@Anonymous: Someone has reinvented the cow?

@Anonymous: I believe he's referring to the entire production system, not just the cow itself.

@Anonymous: With genetic modification, artificial hormones, et al; I would say 'yes'.

@Harbltron: Jesus...what the hell are you talking about? Chile is doing really well. Don't let little things like facts deter you from blowing your brains out though.

http://www.heritage.org/index/country/chile
http://data.worldbank.org/country/chile

@Anonymous: Try the figures from 75 - 82 smart guy.

@Anonymous: I'm talking about the Chilean "Miracle". The miracle that is as nonexistent as the invisible hand.

It's true that they eventually beat inflation back, but only after Pinochet and his Chicago Boys re-implemented policies Friedman abolished. That dreaded "market interference" saved Chile from utter ruin.

@DashDeschain: I like how your total cluelessness doesn't deter you from posting.

@Anonymous: If the citizens didn't suck, they never would have let those assholes take power. #victimblaming

Neither Europe or America has "failed." They're both really really rich, even during a recession. But why bother admitting that? It's not melodramatic enough to get stickers.

@j31c3n: How... how exactly do you imagine this working? Like, the West points enough missiles at communist countries, and the economies get scared and run away?
There was plenty of geopolitical drama, but very little actual interference in communist economies by the West. The big exception's obviously Cuba, so we can't really take the failure of the Cuban economy as a big mark against communism, but, I mean, if one year of grain embargoes is enough to bring down the Soviet economy, maybe it wasn't working great to begin with?

@j31c3n: >I don't think socialism in Europe has failed quite yet
>implying Europe is socialistic

@Anonymous: Sources, please.

Man, I just realized something.

Stickers are what make #politics shitty. Because when something is epic stickered, the opinion that post automatically seems to gain more value than any other posts of the same caliber.

@tdfischer: >explain to me how life was before the FDA.

Basically the same, considering how little the FDA actually does. Sure, the FDA made a majority of foodstuffs and drugs safer, but not by much.

@Anonymous: Ur dum

@hepcat1of1: Clever retort. You showed him. lol

@Anonymous: Yeah because Stalin was such a paragon of purehearted socialism rather than repressive despotism dressed up as such.

@Anonymous: You appear to be conflating Capitalism with Oligarchy.

@Anonymous: It really is the only appropriate argument against stupidity. I mean, let's be perfectly honest here. If I were to develop a logically sound and diverse explanation as to why the guy was askew of logic and reason, would he even understand anything I said? I mean, seriously. Knowing this, isn't "ur dum" the best response?

Trickle Up Poverty. The idea that the poor are poor because the rich are rich and that by making the rich poorer the poor will somehow become richer, or at least we will have an equal share of nothing, no wage inequality.

@Anonymous: When they have the guns you have no choice. North and South Koreans are the same people just one was behind the wrong line of soldiers.

@Anonymous: It's more of a Robin Hood principle. Your opinion on the matter hinges largely on whether you take the side of the Sheriff (and Prince John), or the Merrie Men (and King Richard).