Will US turn to be a socialist country ?

Discussion in 'Economics' started by joesan, Sep 22, 2008.

  1. joesan


    After the US government takes over so many big financial firms, will US heads toward becoming a socialist country ?
  2. Becoming?:D

    Look, get out while you still can or get ready to go to camp.

    Writings are on the wall I wish it was different but it aint.
  3. We've been headed that way for a long time. I'm not sure who's quote it is, but someone said something along the lines of: Once democracies figure out they can vote themselves all the benefits they want, they do, you end up with socialism for a short while before the whole thing goes bankrupt and you get anarchy.

    Average Americans aren't voting themselves benefits here, but there's no outrage as Congress does.

    The one bright spot: everyone who came out of the Great Depression was a penny pinching capitalist who tried not to trust or depend on the gov't. We're getting another depression and it should do wonders on the self reliance of all the unaccountable debt whores who've pushed us this far into the abyss.

    btw, you can interpret my handle as "Communists are Monkeys"
  4. Definitely not socialist, but it is currently broke...


    Laurence Kotlikoff, an economist at Boston University, questioned the government's ability to take on much more debt. He noted that in addition to offering a bailout of the mortgage-related assets on Wall Street, the government has also committed itself to backing money-market funds and checking accounts.

    “The government is already broke,” Kotlikoff said. “The official debt level is the least of our problems. When you consider all the baby boomers that will be retiring in the next few years, requiring Medicare benefits and Social Security, we have huge fiscal problems hanging over the marketplace. This administration has been the most fiscally profligate in modern times.”
  5. ivob


    The US turned more socialistic in just a few days time than Stalin could ever hope for in his wildest dreams.

    The capitalistic system doesn't move in the direction they like for a while so they change the rules of the game. What a joke. In the end is has zero effect.

    Future properity will come from the east. (China) and I think we just experienced the turnaround.

  6. joesan


    I live in China, and what a coincidence the officials here think capitalism is the future of China.
  7. Possibility exists for some form of totalitarianism. Much of the apparatus is already in place--Homeland Security provisions, the Homegrown Terrorism Bill, the Economic Emergency Powers Act, etc.

    Just need the trigger. A panicked and desperate population will be forced to see no alternative.

    "State intervention in economic production arises only when private initiative is lacking or insufficient, or when the political interests of the State are involved. This intervention may take the form of control, assistance or direct management." (pp. 135-136, Benito Mussolini, 1935, "Fascism: Doctrine and Institutions")
  8. Economics is a subject that does not greatly respect one's wishes.
    Nikita Khrushchev

    I once said, "We will bury you," and I got into trouble with it. Of course we will not bury you with a shovel. Your own working class will bury you.
    Nikita Khrushchev

    Politicians are the same all over. They promise to build a bridge even where there is no river.
    Nikita Khrushchev

    Support by United States rulers is rather in the nature of the support that the rope gives to a hanged man.
    Nikita Khrushchev

    The press is our chief ideological weapon.
    Nikita Khrushchev

    When you are skinning your customers, you should leave some skin on to heal, so that you can skin them again.
    Nikita Khrushchev
  9. ivob


    Of course it is; if you don't take too much risks, if you keep your eyes opened to the rest of the world, if you are eager to learn, maintain a true open market, etc. All things the US doesn't do or have. Capitalism sucks but it is the best system.

    I don't live in the USA and neither in China but have been to both countries. In China you smell the ambition on the streets, the eagerness to learn from others, the creativity, the will of people to not just bring themselves but also their country to a higher level. I was really amazed. That moment I realized this is the place where things will happen.

    Needless to say it is unlike the US where most people have no interest but their own wallet and no clue about the rest of the world. I studied at a US university for a while and I remember a student thinking Spain was located in South America.... I know people who think France is a socialistic country lol.

    BTW I have US friends and admire their entrepreneurial spirit in general. I just think it's not going to happen in the US for the next decade until truly the desire to change (mentally) sinks in. As this doesn't happen by itself it logically has to be triggered by events. The start of that is what just happened, it was inevitable.

    Very sad that Bush and his gang is only making it worse by acting entirely in their own interest. But hey, also this is nothing new.

    Just too bad that US voters are only seeing it now (if at all). Eight years ago it took me about 5 minutes of television to find out what a muppet he is.

  10. joesan


    You mean that in a televised debate Bush was hiding an earphone in his shirt ? ;-)
    #10     Sep 22, 2008