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Thread: Capitalism

  1. #121
    Quote Originally Posted by WakeForestRanger View Post
    Shocking.


    Trickle up policies actually make a lot more sense, pretty sure.
    I love mankind...itís people I canít stand!!

  2. #122
    Quote Originally Posted by WakeForestRanger View Post
    The notion that giving massive tax cuts to corporations and the wealthy is a good idea because they'll spend the extra cash on expanding their facilities and hiring more workers and giving them raises has got to be one of the greatest and most successful long-running cons in American history. Conservatives have been successfully spreading this gospel since at least the 1920s, and it never works. The evidence is overwhelming that they just spend the extra money on themselves or their families, or in giving pay raises to corporate executives. But there are vast numbers of Americans - and not all of them wealthy by any means - who are absolutely convinced that it works, evidence be damned.

  3. #123
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    Quote Originally Posted by TenaciousKory View Post
    good share - the importance of desire and fantasy remain underappreciated even in academic circles, imo
    Check out Eduardo Bonilla-Silvaís work on racialized emotions.

    https://journals.sagepub.com/doi/ful...03122418816958

    I first saw him present on this in a panel that coincidentally took place during Charlottesville.

  4. #124
    Quote Originally Posted by Highland Deac View Post
    The notion that giving massive tax cuts to corporations and the wealthy is a good idea because they'll spend the extra cash on expanding their facilities and hiring more workers and giving them raises has got to be one of the greatest and most successful long-running cons in American history. Conservatives have been successfully spreading this gospel since at least the 1920s, and it never works. The evidence is overwhelming that they just spend the extra money on themselves or their families, or in giving pay raises to corporate executives. But there are vast numbers of Americans - and not all of them wealthy by any means - who are absolutely convinced that it works, evidence be damned.
    Henry Ford went the other way when he opened the assembly line factory to mass produce model A Fords. He raised the workers' pay so they could afford to buy the cars they made.

  5. #125
    Boomer Boy Shorty's Avatar
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    Reagan might have had the best hair of any modern president.

  6. #126
    Quote Originally Posted by Deaconblue View Post
    Henry Ford went the other way when he opened the assembly line factory to mass produce model A Fords. He raised the workers' pay so they could afford to buy the cars they made.
    As I recall he initially got a good deal of flack from other businessmen when he did so, and he is a relatively rare example of someone doing that. It was a brilliant move that greatly increased his own wealth, no doubt.

  7. #127
    Quote Originally Posted by Shorty View Post
    Reagan might have had the best hair of any modern president.
    And some of the most damaging and destructive economic policies, long-term.

  8. #128
    Boomer Boy Shorty's Avatar
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    Iíve read that Reaganís regular consumption of bee pollen contributed to his great hair.

  9. #129
    Quote Originally Posted by Shorty View Post
    Reagan might have had the best hair of any modern president.
    Trump, by far, had the best hair, of any President ever, except maybe Lincoln.
    Birds are real.

  10. #130
    Quote Originally Posted by Highland Deac View Post
    The notion that giving massive tax cuts to corporations and the wealthy is a good idea because they'll spend the extra cash on expanding their facilities and hiring more workers and giving them raises has got to be one of the greatest and most successful long-running cons in American history. Conservatives have been successfully spreading this gospel since at least the 1920s, and it never works. The evidence is overwhelming that they just spend the extra money on themselves or their families, or in giving pay raises to corporate executives. But there are vast numbers of Americans - and not all of them wealthy by any means - who are absolutely convinced that it works, evidence be damned.
    It never made any sense to spend more just because you make more. You expand facilities and hire new employees only if you have to in order to keep up with the demand for what you are selling.
    Letís get this done!

  11. #131
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    Quote Originally Posted by Tobacco Road View Post
    It never made any sense to spend more just because you make more. You expand facilities and hire new employees only if you have to in order to keep up with the demand for what you are selling.
    And not even really then. You expand facilities and hire new employees only if you have to in order to make more money. But you probably don't need to because you just made more money through tax cuts.

  12. #132
    Quote Originally Posted by MHBDemon View Post
    Feels weird to me to share a passage like that quoted in a book, tagging the author of the book but not the writer of the quote itself.

    The tagged guy wrote only a single sentence of the page in the image.

  13. #133
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    Capitalism

    Sure. But everyone else is mentioned in the photo.

  14. #134
    Quote Originally Posted by PhDeac View Post
    Sure. But everyone else is mentioned in the photo.
    Sure. But most people don't read very closely or understand what's happened there. The first Twitter reply is someone praising the author of the book and the author of the book himself responds to give credit to the guy he's quoting.

    This is one of the particularly bad things about twitter as a phenomenon: it erases a lot of the creators of content as things get quoted and requoted.

    In the early days of Twitter there was a lot of talk in academic circles about banning Twitter posting at conferences bc people's ideas were being circulated without context and recirculated in such a way that the original author wasn't even associated with the IP. Best practices arose in response to these problems, but it was the wild west for a time.

  15. #135
    Quote Originally Posted by MHBDemon View Post
    Y'all should subscribe to Luke's Hell World newsletter. It's good material.

  16. #136
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    Hedge-fund billionaire Ray Dalio fears the GameStop frenzy was really about wealth inequality

    https://markets.businessinsider.com/...1-2-1030047842

    "The system doesn't work for most people, and so it needs to be reengineered, otherwise we're gonna have a civil war," he added.

    ...

    "How should wealth be distributed, why doesn't capitalism achieve the goal of being good for most people, and how do you engineer it that way while increasing productivity and its efficiency?" he asked.

  17. #137
    Iíve only skimmed, and some of yíall will hate this...but it may be worth a read: Why and How Capitalism Needs to Be Reformed
    I love mankind...itís people I canít stand!!

  18. #138
    Helluva week for capitalism!

  19. #139
    Quote Originally Posted by WakeForestRanger View Post
    jhmd disagrees with this fake news

  20. #140
    semi-aquatic like otters be.

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