The rank hypocrisy of capitalist propaganda

The economy is the foundation from which all else springs in service to that economic base.

 

The problems are not created by Capitalism, but the Collectivist Social programs the Federal government continues to grow reducing the need of people to contribute to the provision of their individual needs and wants.

 

whatever

 

And the economy is made by people. Honest people build a fair economic system (e.g. Mennonites) and the criminals build an unjust economic system, no matter their ideology (e.g. India, Cuba, Venezuela, Romania, Somalia etc).

 

Preferences are endogenous. Free market economics, for example, encourages an economic environment that harvests rent seeking behaviour (which would be deemed as unethical theft elsewhere)

 

Can you focus?

 

Capitalism, given its inherent instability, dies without government interventionism. Politicians applying 'free market economics' know that. The aim is always to corrupt the public sector in order to aid rent seeking behaviour by the corporate elite.

 

Not to mention 'too much' government interventionism.
Sort of like a large ship with a massive leak in the bow taking on water and causing the bow to sink, raising the stern lifting the props out of the water keeping the ship from moving so the Captain decides to pump the water to the stern to level the ship allowing it to make headway on an unending voyage rather than attempt to stop the leak which only grows larger when left alone.

 

How are you to define 'too much' government interventionism? Standard analysis into market failure (e.g. property rights analysis from Coase) isn't going to be too enlightening.

 

More than what is needed to allow affordable competition to exist.

 

This is meaningless. What does affordable competition mean? Where's your reference to market failure? Where's your reference to optimal policy?

 

Unnecessary licensure, Federal minimum wage, newly EEOC added pay reporting requirement by gender, race, and ethnicity. But ask any small business owner who would likely be more up to date than I on the problems/issues they face as a result of government/government agency regulations, rules, paperwork.
Need we go off on tangents?

 

Take the minimum wage. Economics predicts wage and employment gains, given monopsonistic power. You have no economic backbone to your stance. You simple want to have a 'I know what is best' tantrum

 

I'm having a tantrum? When YOU seem to be the one implying that YOU know what is best, using the word 'economics' as singular proof.

 

Note you don't respond: Economics predicts wage and employment gains, given monopsonistic power. Try a rebuke! (I advise otherwise as you will only advertise your innocence)

 

???? capitalism is very very stable and self-correcting. Great Depression, housing depression, Carter inflation, etc etc were all caused by govt intervention, not by capitalism.

 

Keynes knew different. That was yonks back. Why haven't you caught up?

 

As Communist Party General Secretary William Z. Foster commented, "The Nazi fascists were especially enthusiastic supporters of Keynes."[65] Former Trotskyite[66] Dobbs recounted that Harvard economist Joseph Schumpeter observed that in Nazi Germany, "A work like Keynes’ General Theory could have appeared unmolested—and did." In the introduction to the 1936 German edition of his treatise, Keynes himself suggested that the total state that the National Socialists were then building was perfectly suited for the implementation of his investment schemes:


“ The theory of aggregate production that is the goal of the following book can be much more easily applied to the conditions of a totalitarian state than the theory of production and distribution of a given output turned out under the conditions of free competition and a considerable degree of laissez-faire.[67]

 

This is grunt. Keynes merely referred to economic sense. He manged to overhaul the discipline, as old ideas were found to be irrelevant to the real world.

 

grunt?? what is grunt? It was in fact quote from Keynes showing you what a fool apostle he really was!! He was displaced by Friedman long ago. Where have you been?

 

Would worker self directed enterprises who are in the business of making a profit for their owners (workers) do anything different? If so, why?

 

In WSDEs, profits are not primary. Workers have consistently voted to cooperate, benefit the communities, and benefit workers. They have voted against seeking profit increases by working against workers and communities. If you were participating in the control and operation of a WSDE, I doubt you would vote to ship your job overseas for greater profits.

 

But because they're people with kids and cars and houses and boats, they want to make as much money as they can. No different than anyone else. People are people, after all.

 

Speak for yourself. People mostly want to cooperate and treat and be treated fairly. And they value having a democratic say in their work life.

 

So a WSDE is not a greedy, profit-seeking entity?