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Originally Posted by shakran
That is a huge steaming pile of crap. Corporations escape taxes through a myriad of loopholes, and then "reinvest" in the corporation by hiring little girls in China to make their products for 2 cents an hour while spending several million renovating the CEO's bathroom. That is not helping the American people. It's furthering the incessant march toward serfdom.
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In China there is a booming economy and a growing middle class because of their moves towards a more free and open economy.
---------- Post added at 07:22 PM ---------- Previous post was at 07:16 PM ----------
Quote:
Originally Posted by Baraka_Guru
A pure market economy is just as believable and sustainable as a pure communist or pure socialist economy.
Obama is not a socialist merely because he employs socialist techniques. Even conservatives use socialist techniques.
You want to run a nation effectively? Learn how to manage a mixed economy. Anything else is a recipe for disaster.
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It is not clear to me what you would consider a socialist. I think the moves the Obama administration are clearly socialism. And, I would prefer that people simply be honest about what they are, I agree that there are degrees of separation on this topic, but at some point it becomes clear what a person truly is. I am just surprised by the degree at which Obama and his defenders pretend to hide from what he really is. On a scale of 1-10 with one being to pure free market capitalist and 10 being a pure socialist, I am about a 2 and I would put Obama at about 7. How would you rank yourself and Obama?
---------- Post added at 07:27 PM ---------- Previous post was at 07:22 PM ----------
Quote:
Originally Posted by Willravel
Bailouts aren't the same thing as nationalization, Ace.
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It is interesting but I have been seeing some interviews of Ariana Huffington, I rarely agree with her, but on this issue (perhaps for different reasons) we agree, there is a concept of, and she used the term this morning, "creative destruction". I think that was well put, and in capitalism that concepts strengthens the overall market in the long-run. Bailouts or whatever we want to call them are short-term fixes that will be costly in time.