The rich are waging class warfare on the poor

Discussion in 'Economics' started by failed_trad3r, Jul 26, 2011.

  1. GordonTheGekko

    GordonTheGekko Guest

    Perry's $350m bill is genius... he must have a fantastic team on both the gov side and campaign side, no way he can be doing this via the seat of his pants
     
    #241     Aug 28, 2011
  2. piezoe

    piezoe

    This is all starting to make a lot of sense to me now, nojob.

    I read somewhere recently that older gay men, such as Jesus and Peter, have much more wealth than the average man of similar age. (I guess they weren't all that old, but considering how much longer people live today, they were old for their time, right?) And now we know where that money comes from: the mouths of fish!

    Thanks for the insight.
     
    #242     Aug 28, 2011
  3. Yes that is an idiotic statement for sure.
     
    #243     Aug 28, 2011
  4. piezoe

    piezoe

    Add me to your list of idiotic people please. Random.Capital is actually correct. What he actually said was:
    "It is an absolute myth that the private sector is more efficient than the public sector. Small companies, like small gov'ts, can be efficient. Large companies, like large gov'ts, are rife with waste and till-dipping for personal gain."

    Sorry guys, but Random.Capital is correct. It is not so cut and dried as you might have been misled to think.
     
    #244     Aug 28, 2011
  5. Every size of private sector is more efficient than the government. Period. Government is a waste. Nothing but. There is so much corruption and wasteful spending that I shouldn't even get started. Large or small, the board of directors keeps these things in line, and far more effectively than any government ever could.
     
    #245     Aug 28, 2011
  6. zdreg

    zdreg

    large companies will not stay large if they are inefficient. smaller companies and more agile large companies will undermine them and lead to their demise. that is what competition does under capitalism.

    government entities are not subject to the rigors of the market place they don't care what they pay their managers or workers since the public is footing the bill. getting rid of deadwood is near impossible.

    the price of gold and the severe decline of the $US is proof that the US is going kaput. find a way to make money off it and ignore the pervasive bs on ET.
     
    #246     Aug 28, 2011
  7. Some large companies have the protection of the government. They are large and influential enough to socialize their mistakes onto the population. Their mistakes do not lead to their demise.
     
    #247     Aug 28, 2011
  8. luisHK

    luisHK

    In Europe and Asia, that would be only because there was less social welfare back then, lover and middle classes live way better now than 50 years ago. Having a look at how life expectancy evolved should give you a hint.
     
    #248     Aug 28, 2011
  9. piezoe

    piezoe

    I think zdreg's point is important. Government entities are isolated from the rigors of the market place and this can lead to inefficiency. On the other hand we have examples of extremely large companies, like the old GM. They may have been efficient, but probably were not. They went bankrupt nevertheless. And whether they were efficient or not, the management made very bad decisions. That sort of thing can happen in either the private sector, or the government sector. And too, we have plenty of recent examples of very large companies, who would be bankrupt but for their political clout and ability to socialize their losses, as Market Masher pointed out.

    It seems to me that Random.Capital was right in that both large companies and large government can be inefficient. I don't see any evidence to support the idea that government can never do anything as well as the private sector. These simple minded generalizations just don't hold up on close inspection.

    And too, I have to agree with luisHK, the "lover" classes do live much better today. I shall die happy so long as I can live my life in the lover class.
     
    #249     Aug 28, 2011
  10. zdreg

    zdreg

    "And too, I have to agree with luisHK, the "lover" classes do live much better today. I shall die happy so long as I can live my life in the lover class."

    I can understand why you want to live your life in the lover class but it sounds more like you want to live your life in the lower class. u will undoubtedly succeed.:D
     
    #250     Aug 29, 2011