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(Score: 0) by Anonymous Coward on Wednesday March 12, @02:09PM
(6 children)
by Anonymous Coward
on Wednesday March 12, @02:09PM (#1396136)
"it will stop with government failing to pay"
Not when a government chooses to not pay, ehich is what is happening now instead of doing the hard work of building up society. Sadly some are blinded by greed and a simplified 'logical' approach derived from the axiom Greed Is Good.
Republicans are causing the crisis now, and I am sure they will insist that all the people harmed now is a smaller price to pay. All to allow a small group to steal public funds through corruption.
"quality of life dropping for a while - possibly with a end to that government and a retrenching of that society at a lower level of quality of life."
Guess you are not so optimistic about the MAGA plan.
Not when a government chooses to not pay, ehich is what is happening now instead of doing the hard work of building up society. Sadly some are blinded by greed and a simplified 'logical' approach derived from the axiom Greed Is Good.
"Hard work of building up society" would be investment. It's not merely vague "quality of life". My view is that this is another sort of blind greed - casually squandering Other Peoples' Money for garbage all while dogmatically assuming it's going to be good.
Republicans are causing the crisis now, and I am sure they will insist that all the people harmed now is a smaller price to pay. All to allow a small group to steal public funds through corruption.
How does that differ from before? Wrong side stealing funds?
My view is that this is better than merely holding course with the status quo. At least a different set of political merchants are milking the beast. And we now have precedent in turning over this crowd. I suggest some history [soylentnews.org] lessons are in order.
Another book on the subject is Zaibatsu: The Rise and Fall of Family Enterprise Groups in Japan [amazon.com] which discusses the Japanese business environment from the beginning of Meiji Japan in 1853 through to the Second World War. Zaibatsus were huge family conglomerates that often had tremendous levels of integration and have since morphed into the keiretsu of modern Japan (for example, the "Big Six" [wikipedia.org], each with a large bank at its core). One notable lesson is the surprisingly low value of being purely a "political merchant" in the long run. When you are connected to the government, you can obtain some very powerful and very profitable advantages. But the problem is that your people don't stay in control. And as a result, the more that you milked the process and made enemies, the worse it is for you when those enemies assume power. Meanwhile businesses which have a sound business relatively independent of politics tend to fare well in the long run, though at the time they often leveraged that with some degree of political maneuver.
A fair number of political merchants ended up on the wrong side of the Trump administration. Similarly, the most eager participants with Trump will get their due when Trump and his supporters lose power. Remember the pillow guy still?
"quality of life dropping for a while - possibly with a end to that government and a retrenching of that society at a lower level of quality of life."
Guess you are not so optimistic about the MAGA plan.
I think it'll be a shitshow. I just don't think the borrowing-for-"quality of life" way will be any better because it's similarly delusional. My view remains that if your quality of life depends on endless borrowing, then that's a big sign you need to cut back.
I find it remarkable how the signs are so obvious that the US spends too much (*) yet we have we have all this heavy political fighting over who gets to put more water in the boat.
(*) there's always the arugment that we're not taxing enough rather than spending too much. My view is that if you're handwaving about quality of life or hard work of building up society rather than actual stuff, then that's a strong sign that we're spending too much.
(Score: 0) by Anonymous Coward on Thursday March 13, @01:52PM
(4 children)
by Anonymous Coward
on Thursday March 13, @01:52PM (#1396242)
You are the user that argues about quality of life going down whenever people discuss moving away from oil and gas. Now suddenly it is fine no big deal.
What a ridiculous display of propaganda rhetoric from a super cereal non trumper.
You are the user that argues about quality of life going down whenever people discuss moving away from oil and gas. Now suddenly it is fine no big deal.
No. I argue that we have plenty of real world examples where quality of life went down because we moved away from oil and gas in an incompetent manner. That's the same problem here. I support systems that naturally generate better quality of life, not systems where you have to borrow ever increasing amounts to maintain a particular standard of quality of life.
Here's the takeaway that I want you to get. Economics is called the "dismal science" in large part because it's often about how you can't always get what you want, and sometimes the straightforward-appearing path doesn't go where you think it should. What other field has to repeatedly deal with people who say "I want X", try to force the economy to give them X, and then are surprised when the economy changes in a way that X doesn't happen? Physics doesn't have to deal with the inevitable treatises on why greed is bad either.
(Score: 0) by Anonymous Coward on Thursday March 13, @04:46PM
(2 children)
by Anonymous Coward
on Thursday March 13, @04:46PM (#1396261)
You are slow on the uptake if you are just figuring out that economics is not real science. Physics sure does impact your Greed Is Good philosophy. Unless you are God, which often seems to be your position
Look up the definition of science. Economics as a typical empirical study checks off the boxes. Past that, there's nothing serious in your post. All I can say is that this is a really dumb excuse for being ignorant about economics. Given the sudden drop in the intelligence of the AC posts I I can only surmise that you're my stalker AC again. Ever thought about getting a life?
(Score: 0) by Anonymous Coward on Wednesday March 12, @02:09PM (6 children)
"it will stop with government failing to pay"
Not when a government chooses to not pay, ehich is what is happening now instead of doing the hard work of building up society. Sadly some are blinded by greed and a simplified 'logical' approach derived from the axiom Greed Is Good.
Republicans are causing the crisis now, and I am sure they will insist that all the people harmed now is a smaller price to pay. All to allow a small group to steal public funds through corruption.
"quality of life dropping for a while - possibly with a end to that government and a retrenching of that society at a lower level of quality of life."
Guess you are not so optimistic about the MAGA plan.
(Score: 1) by khallow on Wednesday March 12, @09:13PM (5 children)
"Hard work of building up society" would be investment. It's not merely vague "quality of life". My view is that this is another sort of blind greed - casually squandering Other Peoples' Money for garbage all while dogmatically assuming it's going to be good.
How does that differ from before? Wrong side stealing funds?
My view is that this is better than merely holding course with the status quo. At least a different set of political merchants are milking the beast. And we now have precedent in turning over this crowd. I suggest some history [soylentnews.org] lessons are in order.
A fair number of political merchants ended up on the wrong side of the Trump administration. Similarly, the most eager participants with Trump will get their due when Trump and his supporters lose power. Remember the pillow guy still?
I think it'll be a shitshow. I just don't think the borrowing-for-"quality of life" way will be any better because it's similarly delusional. My view remains that if your quality of life depends on endless borrowing, then that's a big sign you need to cut back.
I find it remarkable how the signs are so obvious that the US spends too much (*) yet we have we have all this heavy political fighting over who gets to put more water in the boat.
(*) there's always the arugment that we're not taxing enough rather than spending too much. My view is that if you're handwaving about quality of life or hard work of building up society rather than actual stuff, then that's a strong sign that we're spending too much.
(Score: 0) by Anonymous Coward on Thursday March 13, @01:52PM (4 children)
You are the user that argues about quality of life going down whenever people discuss moving away from oil and gas. Now suddenly it is fine no big deal.
What a ridiculous display of propaganda rhetoric from a super cereal non trumper.
(Score: 1) by khallow on Thursday March 13, @02:55PM (3 children)
No. I argue that we have plenty of real world examples where quality of life went down because we moved away from oil and gas in an incompetent manner. That's the same problem here. I support systems that naturally generate better quality of life, not systems where you have to borrow ever increasing amounts to maintain a particular standard of quality of life.
Here's the takeaway that I want you to get. Economics is called the "dismal science" in large part because it's often about how you can't always get what you want, and sometimes the straightforward-appearing path doesn't go where you think it should. What other field has to repeatedly deal with people who say "I want X", try to force the economy to give them X, and then are surprised when the economy changes in a way that X doesn't happen? Physics doesn't have to deal with the inevitable treatises on why greed is bad either.
(Score: 0) by Anonymous Coward on Thursday March 13, @04:46PM (2 children)
You are slow on the uptake if you are just figuring out that economics is not real science. Physics sure does impact your Greed Is Good philosophy. Unless you are God, which often seems to be your position
(Score: 1) by khallow on Thursday March 13, @06:29PM (1 child)
(Score: 0) by Anonymous Coward on Thursday March 20, @04:34PM
Science: magic word used by libertarians to confirm or deny their personal feelings