No velocity = no economy.

Discussion in 'Economics' started by dealmaker, Aug 4, 2020.

  1. panzerman

    panzerman

    To paraphrase Churchill, "Capitalism is about the unequal distribution of the wealth, while Socialism is about the equal distribution of the misery."
     
    #11     Aug 4, 2020
    Windlesham1, Cuddles and Relentless like this.
  2. piezoe

    piezoe

    OK, but we were discussing distribution of money within a capitalist economy. you can substitute "where the money is located within the economy" in this instance.

    Something just occurred to me that makes me smile, though you might not find it as humorous as I do. Could we say that both capitalists and socialists favor re-distribution of wealth, it's just the direction they disagree on.:D

    edit: I looked up Churchill's quote, apparently what he said was quite close to what you quoted but not exactly the same. What I found was:
    'The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.' -Winston Churchill

    But, you know, the internet is not always reliable.
     
    Last edited: Aug 4, 2020
    #12     Aug 4, 2020
  3. This is an obvious pattern that cannot be avoided.
     
    #13     Aug 5, 2020