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What is your economic philosphy?

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I was interested in seeing the economic philosophy of members of the forum. I believe in an economy that has a mixture of both socialism and capitalism because it is the most fair, humane and pragmatic type of economic system.
 
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Mods, I was wanting to put a poll with the follow questions and options:

Question: What is your economic philosophy?

1. Die hard capitalist.
2. Die hard socialist/communist.
3. I believe in an economic system that has both socialist and capitalist principles.
 
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teacher said:
Buy low, sell high.
How do you know when the market is actually low? You could buy when the market has been low and the market will just keep going lower and lower and lower and you never recover your lost money.
 

Iriemon

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ManOfTrueTruth said:
I was interested in seeing the economic philosophy of members of the forum. I believe in an economy that has a mixture of both socialism and capitalism because it is the most fair, humane and pragmatic type of economic system.
It would help to define the terms. For some, socialism means social support programs, for others, socialism is an economic system in which the state owns the production.

I am captialist but not laizze-faire, I am in favor of regulation and social programs to offset the inherent harshness of unrestrained capitalism.
 
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Iriemon said:
It would help to define the terms. For some, socialism means social support programs, for others, socialism is an economic system in which the state owns the production.

I am captialist but not laizze-faire, I am in favor of regulation and social programs to offset the inherent harshness of unrestrained capitalism.
My definition of the economic system I favor is to offset the inherent harshness of unrestrained capitalism in the similar manner that you just defined. But also to put a check on the political power of the rich in order to assure that the poor has a voice in government as well.
 
T

The Real McCoy

ManOfTrueTruth said:
Mods, I was wanting to put a poll with the follow questions and options:

Question: What is your economic philosophy?

1. Die hard capitalist.
2. Die hard socialist/communist.
3. I believe in an economic system that has both socialist and capitalist principles.
Anyone with a shred of common sense would pick 3.

My philosophy? Government (in the economic realm) should be structured from the bottom up. The individual should be primarily responsible for his economic well being. Entities that the private sector cannot deal with as effectively as the public arena should then be the responsibility of local governments (police f. ex). Anything the local government can't deal with should then be regulated by the state. And so on up to the Federal level (military f. ex)).
 

teacher

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ManOfTrueTruth said:
How do you know when the market is actually low? You could buy when the market has been low and the market will just keep going lower and lower and lower and you never recover your lost money.
When has that ever happened slick?

What some more economic philosphy gems?

Stay on 12, make the dealer bust.

Never bet on an inside straight.


I see someone wants to play.

I'm teacher, how do?
 
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The Real McCoy said:
Anyone with a shred of common sense would pick 3.

My philosophy? Government (in the economic realm) should be structured from the bottom up. The individual should be primarily responsible for his economic well being. Entities that the private sector cannot deal with as effectively as the public arena should then be the responsibility of local governments. Anything the local government can't deal with should then be regulated by the state. And so on up to the Federal level.
I agree that their is a need for individual responsibility, but their is also a need for collective responsibility. In America, collective responsibility is almost non-existent and their is a huge emphasis on individual responsibility. This leads to an attitude where if it doesn't directly effect that particular individual, they don't care about the consequences that other people might face by their actions or the actions of other individuals. It's kinda like, as long as it doesn't affect me or I am not individually held accountable for it, even though it might harm others, I don't care, I'll do it anyway.
 

alphamale

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ManOfTrueTruth said:
My definition of the economic system I favor is to offset the inherent harshness of unrestrained capitalism in the similar manner that you just defined. But also to put a check on the political power of the rich in order to assure that the poor has a voice in government as well.
Uh, you're ignorant. "Unrestrained capitalism" is the opposite of harsh - it provides the most goods for the most people - it is precisely socialism and and the other forms of statism that are harsh - go to zimbabwe right now and discover what's "harsh".
 
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alphamale said:
Uh, you're ignorant. "Unrestrained capitalism" is the opposite of harsh - it provides the most goods for the most people - it is precisely socialism and and the other forms of statism that are harsh - go to zimbabwe right now and discover what's "harsh".
Why should I go to Zimbabwe when I can stay right here and find people who live in similar conditions of people in Zimbabwe? Their are people here who live in worse economic conditions than those people in socialist economies or the Third World.
 

teacher

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ManOfTrueTruth said:
I agree that their is a need for individual responsibility, but their is also a need for collective responsibility. In America, collective responsibility is almost non-existent and their is a huge emphasis on individual responsibility. This leads to an attitude where if it doesn't directly effect that particular individual, they don't care about the consequences that other people might face by their actions or the actions of other individuals. It's kinda like, as long as it doesn't affect me or I am not individually held accountable for it, even though it might harm others, I don't care, I'll do it anyway.
Hey, it took less than 10 posts to get to the point. Tell you what sport, save us all some time and next time just start the thread out...

"America sucks, so do Americans, discuss please."

You're not that bright, don't try and play us old cagey Americans.
 
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teacher said:
Hey, it took less than 10 posts to get to the point. Tell you what sport, save us all some time and next time just start the thread out...

"America sucks, so do Americans, discuss please."

You're not that bright, don't try and play us old cagey Americans.
I'm sorry, let's just kiss your ***. America is perfect. America has no faults. America is the shining light of the universe. America does no wrong. We should not try to improve and make America better because America is already perfect.
 

teacher

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ManOfTrueTruth said:
Why should I go to Zimbabwe when I can stay right here and find people who live in similar conditions of people in Zimbabwe? Their are people here who live in worse economic conditions than those people in socialist economies or the Third World.
Oh really, where pray tell? And do separate those that choose to live like that between those who are forced to.

You sure you want to do this?
 

alphamale

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ManOfTrueTruth said:
Why should I go to Zimbabwe when I can stay right here and find people who live in similar conditions of people in Zimbabwe? Their are people here who live in worse economic conditions than those people in socialist economies or the Third World.
Because, as you admit, under the mixed economy system of the U.S. you find some people in bad conditions, in the utter statism of Zimbabwe, you find almost everyone in "harsh" conditions - my hope is that you will eventually visit enough places and discover the relationship that "harshness" is proportional to amount of statism.
 
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teacher said:
Oh really, where pray tell? And do separate those that choose to live like that between those who are forced to.

You sure you want to do this?
Alot of those people never had a choice. The deck was already stacked against them. They were never given the opportunity to win. I imagine, if you were willing to look hard enough, you wouldn't have to travel far to find people who live in just as bad or worse conditions as that of Zimbabwe and they really didn't have much opportunity to climb their way out of such conditions, especially when you consider that right now in America, the gap between rich and poor continues to widen unabated.
 
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alphamale said:
Because, as you admit, under the mixed economy system of the U.S. you find some people in bad conditions, in the utter statism of Zimbabwe, you find almost everyone in "harsh" conditions - my hope is that you will eventually visit enough places and discover the relationship that "harshness" is proportional to amount of statism.
Their is always going to be rich and poor, whether it be in socialist economies or state controlled Soviet economy or in the US economy. But unrestrained capitalism is a rather harsh, uncivilized and barbaric practice. It is a practice of Darwinism at it's finest. It also enables the rich, who represent the strongest members of society, to squelch and destroy the voices and aspirations of those much less fortunate than themselves. I believe in a mixed economy, at least everybody has the opportunity to better themselves. I think their are some things about the US economy that needs to be reformed.
 
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Unrestrained capitalism, just like unrestrained socailism, is a receipe for tyranny and oppression.
 

teacher

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ManOfTrueTruth said:
Alot of those people never had a choice. The deck was already stacked against them. They were never given the opportunity to win.
Bullshit. This is America. We all start at "See Spot Run" and build from there. Everyone except for those with bad parents has a choice. Some just chose to hang out with you instead of doing thier homework. This is America. You are not "given" the opportunity to win, you "sieze" it.

ManOfTrueTruth said:
Why should I go to Zimbabwe when I can stay right here and find people who live in similar conditions of people in Zimbabwe? Their are people here who live in worse economic conditions than those people in socialist economies or the Third World.
Now we go from "there are" to "I imagine". The question still stands slick. Where are these people? I wasn't aware of welfare payments in Zimbabwe. Or food stamps, Women Infants and Children, Madacare or Medacaid, cheap housing, the law for not refusing medical treatment to anyone, call 911, the Ambualnce shows up, about a gazillion entittlements. Then there is private charity. No one in this nation goes hungry. Go to a church or soup kitchen, the Red Cross, whatever. Lot of public Libraries in Zimbabwe are there? Lot of that going on in Zimbabwe is there?

I imagine, if you were willing to look hard enough, you wouldn't have to travel far to find people who live in just as bad or worse conditions as that of Zimbabwe and they really didn't have much opportunity to climb their way out of such conditions, especially when you consider that right now in America, the gap between rich and poor continues to widen unabated.
Everybody reads the same text books. The opportunity is within one. It's all in if you want it or not. But then I guess there are some with the defeatest mentality that can't stand on their own two feet and feel compelled to blame the rich for the time they spent sucking down Budweisers in high school instead of learning the Periodic Table.

Again skippy, where are these Zimbabwe living people in this nation?

Note to Ivan the eee:

See, one doesn't have to "call" one down to the basement to get ones point across. If you can't make you point up here, you can't down there. It's just more fun down there.
 

teacher

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ManOfTrueTruth said:
I'm sorry, let's just kiss your ***. America is perfect. America has no faults. America is the shining light of the universe. America does no wrong. We should not try to improve and make America better because America is already perfect.
Now there you go getting all excited because you have been figured out when you thought you were being slick, slick. I never said none of that.

Let's go over this.

Your very first premise is that the stock market will get lower and lower. While it's possible, it's never happened. So right off the bat you are taking what has never happened historically and trying to make a point. Weak. Then you step on it with Zimbabwe. I only point out your glaring errors of facts and logic and you start crying "America's perfect" with sarcasm.

Dude, just come out and say America sucks. We all know your deal allready from before this thread. You're not fooling anyone.

Now if you want to talk about, say, the merits of profit sharing or wage control to ease the income disparity in this nation, that would be productive. But somehow I just think you're not up to that.

You went from thinking you're slick to shrill in a dozen posts. I think you need to do a little more post reading instead of thread starting.
 

Kandahar

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The Real McCoy said:
Anyone with a shred of common sense would pick 3.

My philosophy? Government (in the economic realm) should be structured from the bottom up. The individual should be primarily responsible for his economic well being. Entities that the private sector cannot deal with as effectively as the public arena should then be the responsibility of local governments (police f. ex). Anything the local government can't deal with should then be regulated by the state. And so on up to the Federal level (military f. ex)).
It sounds like we're in total agreement. Our economy would run much more smoothly if we restored federalism, and all levels of government stopped trying to manage things they're incapable of managing as well as the private sector.
 

Kandahar

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alphamale said:
Uh, you're ignorant. "Unrestrained capitalism" is the opposite of harsh - it provides the most goods for the most people - it is precisely socialism and and the other forms of statism that are harsh - go to zimbabwe right now and discover what's "harsh".
Unrestrained capitalism does not provide the most goods for the most people... ever-so-slightly-restrained capitalism will provide more. If we truly had unrestrained capitalism, we'd have lots of market failures. Monopolies would form and eliminate competition, there would be no basic infrastructure because no one would feel like paying for a road that their neighbor would use, the environment would be filthy because there would be no regulation at all, and lack of public education would magnify inequalities from one generation to the next.

The government needs to restrain capitalism to a slight degree.
 

Kandahar

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ManOfTrueTruth said:
Why should I go to Zimbabwe when I can stay right here and find people who live in similar conditions of people in Zimbabwe? Their are people here who live in worse economic conditions than those people in socialist economies or the Third World.
No. There aren't.

Next?
 

Willoughby

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Uh, you're ignorant. "Unrestrained capitalism" is the opposite of harsh - it provides the most goods for the most people - it is precisely socialism and and the other forms of statism that are harsh - go to zimbabwe right now and discover what's "harsh".
That is not very nice..play nicely
I think that a mixture of both is the best system, maybe with a slighty more socialism
 
T

The Real McCoy

Willoughby said:
That is not very nice..play nicely
I think that a mixture of both is the best system, maybe with a slighty more socialism
What is "slightly more socialism?"
 
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