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Congress Brings Socialism To America With This Proposed Law
Submitted by Simon Black of Sovereign Man blog,
Sadly today I am reporting to you yet another development that seems as if we are all living within the pages of Ayn Rand’s seminal work Atlas Shrugged.
You may recall from the book that John Galt, the enigmatic protagonist, started off as a young engineer at the Twentieth Century Motor Company.
When the owner of the company died, the heirs decided to run the business according to the new enlightened principles of the time.
Primarily, they let all the workers vote on how the factory was supposed to be run and how much everyone should be compensated.
And it was soon decided that “everybody in the factory would work according to his ability, but would be paid according to his needs.”
Naturally, bright hard-working employees soon left; they found themselves working around the clock for the benefit of others who felt entitled to contribute as little as possible.
John Galt was among the first out the door.
And not long after, the once successful company went bust. No surprise.
Unfortunately this is no longer fiction. Because in the Land of the Free, the United States Congress is striving to make Atlas Shrugged a reality.
Their latest brainchild is to set up a new government bank, stuff it full of taxpayer funds, and loan the money to American workers for the exclusive purpose to help them form collectives and buy the companies they work for.
It’s called the United States Employee Ownership Bank Act.
And, straight from the bill, they aim to provide “loan guarantees, direct loans, and technical assistance to employees to buy their own companies. . .”
The goal of this legislation, curiously, is to “preserve and increase employment in the United States” which is still problematic six years after the global financial crisis.
Since September 2008, the US government has increased its debt level over 50% to $17.6 trillion.
The US Federal Reserve has increased its balance sheet four-fold, conjuring $3.5 trillion out of thin air.
All of this was supposed to create jobs. And with each of these being a failed policy, Congress is now descending into outright socialism.
To be fair, people throw around the word socialism a lot. They’ll say “Obama’s a socialist” or something like that. Often it’s taken to exaggeration.
But this legislation– the government effectively sponsoring the communal takeover of private business– is textbook socialism: private property and the means of production owned by the community.
Socialist Yugoslavia actually tried the exact same thing: worker-owned cooperatives. And the consequent failure was absolutely epic.
But politicians never let pesky things like truth get in the way of a bad idea.
It’s time to wake up smell the reality. This isn’t about panic. It isn’t about doom and gloom. It’s about facts, not fear.
Any rational, thinking person has to look at this and ask a simple question: where is this trend headed?
The evidence is pretty clear. And more and more people are starting to realize it.
People all over the world are thinking: “This is not the country I grew up in. And I don’t like the trend.”
It’s unfolding right in front of our very eyes for anyone with the intellectual courage to pay attention.
Whether it happens today, tomorrow, or five years from now is irrelevant. It’s the TREND that is so important to pay attention to.
And with that simple premise in mind, does it make sense to hold everything you’ve worked your entire life to build in a place with such a negative trend?
Your livelihood. Your savings. Your retirement. Your family’s security.
Rational people look at facts objectively and have a plan B. What’s yours?
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It's a secret where I'm going
"I know where you're going to live."
-NSA
FWIW, it died in 2012 and Sen. Sanders (Socialist-VT) reintroduces this every year.
Bernie ....
Hah ha ha ha ha ha ha
When's the next plane out of here.....oh wait
We're Goverened by Pure Evil Psycopaths, Sociopaths, Children & the Insane.
Good! I can finally buy myself out! As soon as I own the company, I'm going to fire myself but take a massive Golden parachute with me!
CheapBastard,
Do you have a problem with capitalism?
Capitalism ? Where ? Shut up stupid fuck.
Socialism? Where? Bitchez.
It’s all good as long as we get enough Czars and Commissars to assure 70 or so years of successive 5-Year Plans and collectivist failures.
FDR's shadow returns... All the better than the interest going to offshore foreign entities to churn in their casino's instead of going back into the economy...
This is a concept that is a whisper now but will be screaming in the future. Take the interest to near zero with no middle man and no private parties siphoning off the un earned gains and it has a chance of working...
Funny that there is so much idle talk against it as it atleast it is one step closer to representative economics rather than back door rooms of un elected committee's who operate by decree and late night phone calls...
This is the natural back lash against the monopoly of publishing script and of course will be cloaked in all mannar of "fear" based associations....
WHEN the thud of deflation hits these types of concepts will go viral as they did from 1929 to 1938.
However by the time any popularist concept builds steam the internationalists will attempt to discredit the unit of exchange and just move their little street carney shell table to another jurisdiction -- which they ARE doing, but will those new jurisdictions eventually turn on them also -- and will any new system of FDR style rebuilding domestically use actual assets to support any return to real economy? The central wankers madly fear this -- as we've seen by recent "foreign interest pupeteered" villany in Libya with the killing off of the African Gold Backed Dinar as such base will not be tollerated by the current rabble of misfits who assume to hold sway . Now they are on to hammering the islamic areas due to their long standing memory of actual history as interest based systems always collapse on theselves not so much becuase of graft and corruption but because of simple mathematics. But that debate will not be tollerated.... From cradle to grave the idea of interest has been etched in -- but not in Islamic nations... Hence why they are targeted for Synarcy.
After the lawn mower clear cuts the economy as part of its plan of exhausting then burning the plantation any effective remedy will "appear" as socialism, however at some point a return to constitutional laws regarding units of exhange will be considered again -- but as well -- the scheming misfits will attempt to sew discontent among the masses to not trust each other especially not any group from which ideas of real remedy emerge.
Meanwhile the offestting clear cut of the institutional peadofiles continues as the decentralized organic opposition knows that is their center of gravity as msifits too are beginning to not trust each other and down she goes -->
Babylon indeed has already fallen. Keep clear of the debris if at all possible.
"But we've already had low interest rates and look where we are... "
...
Has anyone really had low interest rates? "Some" Banks, yes... Individuals? None...
A 30 year fixed 4% rate (per year) loan on an asset which is property of the lender until full payment is made is NOT zero percent.
A credit card at 0% for a year certainly is but one late payment and it ramps up to 12% at very least so that is in reality is NOT zero% notwithstanding the fact that any introductory zero percent credit card WILL ramp up at some point in the future to a figure well beyond zero...
So in truth there has not been any zero percent intrest for the population...
...
On the issue of script "management" with no represenation, the previaling idea is: "Politicians, you cant trust them so they should not set monetary policy..."
Think if the depth of that false construct and what supports it. Wel... A pedophile system of calculated entrapment and "tagged" felons of course.
Google "David Hawkins abel danger" and dig into the next layer down in the rabbit hole... Nothing fails like success.
Think you're barkin up the wrong tree...
Here's what probably happened:
1. Someone couldn't find a buyer for their business(es) and came up with a scheme that used taxpayer money to help them cash out.
2. They realized that they'd get 3 or 4 times what the business was worth if they got Mr. Deep Pockets involved (the US Gov) ...same way US Gov involvement has helped the medical industry and universities to get way more for what they sell than it's worth by stepping in with cheap taxpayer money.
3. They started the "Socialism" boogeyman story themselves, knowing it would likely have critics chasing and barking at their own tails (giving cover to the real story).
People. people... we don't live in a leftist ideology driven hell (although it seems that way): we live amongst a bunch of scheming psychopaths!
If you want to understand what's going on in the world, think. like. a. psychopath!!!!
5 Year Plans?
Hey Bud, you think I just fell off the collective turnip truck? 5 years?
I'm a frik'n Amerkin, we are impatient. 2 year plans, maybe 3. But no way am I waiting for glorious future for 5 years.
/s
5yr plans only last about 1 quarter
Tee-hee-hee, Capitalism, funny.
Where?
Well, wonder NO more!
Opt out of this corrupt evil system, whatever you deem to call it. Go crypto-Galt (modify & aDjust your dissent however much you can find room for within your current familial situation.)
YES, this nutty bill will not passs the CONgress, but still indicative of the current degraded state of affairs of this USSA goberment.
It reminds me of the TREASON of the New Deal which probably stretched the misery of the Great Depression throughout the 1930s. Garet Garrett argued it was equivalent to treason anyway in 1938 (he didnt' use that word). See this classic essay 'The Revolution Was':
http://mises.org/daily/2726
I don't know if the distress that FDR's policies caused were deliberate. But it does not bode well for the US system of governance that an economic illiterate and political animal such as Roosevelt could (and can) gain such power as the presidency.
The damage has been done over the course of the 20th century. It cannot be easily reversed as it might be in a parliamentary system because the constitutional system of the Imperial Presidency (inchoate since its inception) is so hard to change. This is often cited as its strength but could it actually be its weakness?
The idealism of socialism has been co-opted by force of central governments every bit as much as the idealism of Ayn Rands "Atlas Shrugged". There is no difference between socialism and capitalism if either can be manipulated by a central government. You guys crack jokes about Communists but it seems to me that "capitalists" sell out their idealism for government largess every bit as fast as socialists.
On second thought, Capitalists will always sell out faster than anyone.
The problem was, is, and always will be government.
Until it goes away, or people do.
Banksters is the problem. They run the Government
... and that is why so many "socialist" programs involve someone borrowing money that they can not afford to repay!!!!!
IF YOU HAVE TO PAY THE MONEY BACK THEN IT IS NOT SOCIALISM, IS IT!!!!!!!! Oh, that's right, the taxpayer is backing the loan that will never be repaid. But the taxpayer's money is not going to the "socialist parasites", it is going to the BANKs, with how much interest??? When the "socialist parasite" goes bankrupt and the bank gets fully bailed out by the taxpayer, does the "socialist parasite" get to keep anything?
Is it really "socialism" when an idiot buys a loss making pile of debt that previously only maintained artificially high valuations through corruption? On the plus side, the idiot does get to learn that he is an idiot. On the minus side, the banksters win again and no-one peeks behind the curtain to see them laughing all the way to the, oh, they're already there.
Have to disagree.
No banksters, government is still the problem.
No government, banksters become bankers. no problem.
Cause and effect.
deflator The idealism of socialism has been co-opted by force of central governments every bit as much as the idealism of Ayn Rands "Atlas Shrugged". There is no difference between socialism and capitalism if either can be manipulated by a central government.
---
You have have a fatal flaw in your post. If you understood Atlas Shrugged, it was about the problem of big government. That is different from capitalism vs socialism.
Socialism is just a more blunt, in your face, big government advocates. Whereas, capitalism has its big government and small government advocates. Your mistake is confusing political ideology with economic ideology and it is easy to do since they are intertwined.
Who is John Galt, besides a literary figure after whom a boulevard in Omaha Nebraska is named?
This is a sign of a coming apocalypse in that we only offer shares of the various quasi-public enterprises when we no longer have confidence that they can attract interest from sophisticated buyers.
Spot on. The difference between this and the Rand novel is that the companies are already bankrupt before the workers even buy them. The propaganda is "let the people buy their jobs" or "let the people decide how to run the company". The reality is, record low revenues, record high valuations and no-one else dumb enough to buy it. Sell it to the dumb schmucks with money that they BORROWED!!!!, watch them run it into the ground ... errr, it was already in the ground - watch them hit the earth's core, then buy it back again for pennies to the gigadollar, while pumping out the "I told you they couldn't do it" propaganda.
"Here, your turn to look after the patient", they say as they switch off the machine and walk out the door with all the life-support equipment.
That's what we said about Obama in 2007. I don't laugh any more.
Simon Black writes: "It’s time to wake up smell the reality... Since September 2008, the US government has increased its debt level over 50% to $17.6 trillion.
Well, that's wrong!
This should help (link opens in new tab/window):
http://www.usgovernmentdebt.us/spending_chart_1900_2016USb_15s2li0181366_609cs_H0t
ebworthen,
Thanks for the reply, and my apologies. Simon was right. When I first read his post, it gave the impression that double. And that is NOT what Simon said.
Anyway, the link below is easier than the graphic. And thanks again.
http://www.treasurydirect.gov/govt/reports/pd/histdebt/histdebt_histo5.htm
No worries, thanks for your polite response and the page link.
Wonder why Bernie does not introduce a bill that would allow employees to save tax free their own money which then could only be used to purchase a business? Would that not then make each "investor" have skin in the game? But Bernie is a socialist and the only "skin" he wants or craves is someone elses. What a POS!
new fxrxexexdxoxmx,
Did you read the article?
Bernie should introduce a bill that sends to every legal taxpaying U.S. Citizen a tax free check equal to the amount slathered on corrupt Wall Street banks/insurers/corporations since 2008.
I figure it's about $3 Million per citizen. It's only fair. Then we can each choose to start a business, gamble in the equities casino, party and get laid, or buy a place to live with cash and tip well.
There is a good reason all the Socialists and Communists hate Ayn Rand. She saw right through them and wrote about all their tricks (most of which they're still using today).
It's remarkable Vermont's gun laws are still as good as they are...I guess they can't touch those, just yet. Used to be a pretty bad ass state...now it's NYC/Boston retirees and trust fund babies.
Yep, and the whole Enron 401k turned out wonderfully for the employees that chose to go all in.......but the SEC, FINRA and all the other SRO's couldn't see it coming.
I am shocked .../sarc
villainvomit... Shocked,
So what do you make of this:
Simon Black: "To be fair, people throw around the word socialism a lot. They’ll say “Obama’s a socialist” or something like that. Often it’s taken to exaggeration."
Please help me here.
I'll help you ,Get on your knee's open your mouth and open wide for my Benelli.
If Obama were really a Socialist he would have arrested half of Wall Street and enacted National Healthcare that put insurance companies out of business and had price controls on Corporate Hospitals and Big Pharma.
And he would have gotten us out of the Middle East completely.
And...
That there are still common folk who contnue to support this corrupt miserable piece of miserable shit must be one of the greatest tributes to human stupidity.
Actually Socialism, Fascism, Libertarianism and Crony Capitalism equally suck ass.
http://geoeconomic.wordpress.com
Individual Freedom and the commons (Society) are accounted for in this model.
That's why they erased Henry George, it's too fair and too moral.
How they erased him. http://www.politicaleconomy.org/gaffney.htm
HENRY GEORGE AND THE RECONSTRUCTION OF CAPITALISM
by Dr. Robert V. Andelson
http://www.wealthandwant.com/docs/Andelson_HGRC.html
scrappy,
You're killing us here.
Henry George?
Forget your Wheaties this morning?
A good breakfast always helps your day be better.
Bananas are good, lots of potassium - and a whole grain cereal with 2% milk.
And coffee, black. You have to have at least two mugs of hot black coffee. I recommend Folgers original roast or Chock Full O' Nuts.
new ebworthen,
First: I need to read your posts more carefully.
Second: I don't eat grains.
Third: I was in the impression, maybe totally wrong, that Simon Black was an American Libertarian… Pro-business, contrary to Henry George, but more like the views of most hedgers.
No grains, man, sorry. Gluten allergy?
I think Simon was saying that it's hard to pin Obama; what the hell does Obama stand for? He says he's progressive which has a Socialist bent, but is buddies with Jamie Dimon and other crony Capitalists.
And the government bank using taxpayer dollars to form companies is pretty "Venezuala" (?).
Thanks again.
Gluten allergy?
No. I just don't like it. And never developed the habit for it.
By the way,
There are some great points made here. And I agree with many. But the definitions and clichés are way off, in my opinion.
And making it way hard to understand... and to follow.
Here we are again, debating the difference between textbook Socialism which involves way more sunshine and lollipops than mankind will EVER be able to muster and the reality of who socialists are in today's political environs. As EB said, Obama has a Socialist bent, he wants to collect as much of the producer's earnings as possible (aka American Middle class) and hand it out to those less... ahem, fortunate. Wherever and whomever they may be in the world. IMHO, in his naive mind, it is time for America to give it ALL back because our prosperity has been too lengthy and it was from ill-gotten gains to begin with. Despite this, however, he himself is a hardcore hedonist and corruptocrat like the vast majority of his "successful" Socialist & Communist forebears. It is ok for HIM to trip the life fantastic, because he is forcing many others to give back what really isn't theirs anyway. Remember, "you didn't build that...". He seems to fail to understand what tyranny means as well, obviously.
Personally, I like the term Statist more and more, because it describes all of the government-grower political types, GOP and DNC alike, which need to be purged from office ASAP. Even then, we as a people will need to adopt some common moral code that we can all live by, otherwise we will be back in trouble before long. With great freedom comes great responsibility. Americans abandoned our responsibility and now we are losing our freedom.
Yes, "Statists" is the best term we have and it properly puts communists, fascists and even democratic socialists all on the same side of the spectrum. Otherwise, I find myself getting into the terminology twists with related terms like "liberal" which historically is a positive term. However, you have to differentiate into classical liberals like the founding fathers of the USA with modern liberals who are liberal on about two social issues and otherwise statists.
Freedom takes intelligence, self control and vigilance. Those have been abandones for their opposites and the sweet lies of collectivism.
The economic system is socialist but not textbook. They are Fabians in the main and the Fabians have a thing called the third way. Third way Socialism involves government regulation but allows for private ownership and profits at the same time. They want all the trappings of wealth through faux private ownership while controlling everything at the same time using corporations to crowd out competition and government regulation to keep any contenders they don't want in the game out.
Surprisingly, I have to agree here, but only in that Georgism will simply not work. Nothing that involves trying to manipulate prices or the actions of others ever will in the long run. It's all central planning in the end, and if people are stupid enough to need central planners, well the central planners are going to be stupid too.
The drummer for Sore Throat ?, or was it Bad Manners ?
Johny Rotten was more fun at party's though, except for the burns he left in my new carpet.
Oh wait ,I forget the blood stains in the loo.
Damn, I thought I had forgotten that decade,with self inflicted brain damage.
What were we talking about again ?
Rentier thieves, UNEARNED INCOME, now do you get it ?
YOURE FUCKIN'FREAKIN' RIGHT HENRY GEORGE !!!! SHOW ME A WAY INTO THE FUTURE THAT DOESN'T INVOLVE HENRY GEORGE AND I'LL SHOW YOU THAT IT IS BLIGHTED AND CURSED BY ECONOMIC SLAVERY
Please excuse the typo.
http://geoeconomics.wordpress.com
Nonsense and stupidity.
USA is already 80% communist, EU and Canada are 90% communist.
Workers are not interested to own anything since everything is guaranteed.
If out of work, no problem. Food stamps and government housing.
Congress is simply trying to make work out of nothing, so they look busy
ekm how do you reconcile this with your theory that there is no one in the market anymore?
http://www.zerohedge.com/news/2014-07-23/ira-contributions-hit-record-hi...
Easy answer
If only those funds were allowed in the market with a defined normal leverage of not more than 10x,12x, then Dow would be not higher than 8k now.
That money has no power to push Dow higher than 8k.
who knows I guess, but don't be surprised to see those contributions continue, and the multiple on the S&P continue to expand and push the S&P much higher.
Some who work are saving money. That money will go somewhere.
It has absolutely no power to push Dow higher 1 single point over 8k
I'm sure they are not complaining about how the other 9k on the dow came about.
They don't know better.
Concept of stock and flow doesn't go into their minds, like cash flow.
They're not going to sell and they are living worse then before because they are not spending.
Delusion B, rather than Plan B.
Plan B requires interminable suffering after I run out of ammo.
I gave you a greenie, EKM, because I always up-vote insanity in it's raw, natural form.
That's not how money or markets work.
That smaller volume of money can could take the Dow to 100,000 and keep it there, in a vacuum.
The DJ US Tot Market Index has a capitalizaion of 23.8 trillion as of EOQ. At the same time M2 is only 11.35 trillion.
Money doesn't go "to" the stock market, it goes "through" the stock market. Market valuation is simply a reflection of the level at which money most recently passed on its way to the next transaction.
Markets no longer work because they no longer exist.
Market now is simply a network of computers wherein the fastest players with the fastest equipment succeed to mark up digits up or down.
It is basically a videogame in a literal sense.
Not much money needed or the way it is going, no money needed at all, just credits on computers, like a videogame.
The multiplayer video game currencies have actually been readily convertible with USD for many years.
But yes, that is correct, Reserves (money) goes THROUGH the stock market, through bonds market etc
Money goes one way and securities flow the counter-way
That is correct
Financial system nowadays is a network of computers where the fastest players succeed to mark digits up or down.
No actual money needed. The market is now simply a videogame, in a literal sense.
We'll we'll. look who's back.
WHere have you been? We did not lose a Primary Dealer although your analysis was spot one. Think we lose one in the next few months?
Thank you, humbled. Took one year off.
Events can be predicted with systematic analysis, their timing cannot, because trigger depends on people making decisions.
Clearly BNP paribas, Barclays and now Deutschebank seem to be candidates for Sacrificial Lambs
"If only those funds were allowed in the market with a defined normal leverage of not more than 10x,12x, then Dow would be not higher than 8k now.
That money has no power to push Dow higher than 8k."
What is 'normal leverage'? For that matter, isn't leverage itself in many ways the source of the problem?
How much naked shorting is good naked shorting?
Just currency value or securities, intellectual properties, real estate, populations...?
It's all about size.
I'd say a maximum of 10x leverage is good for the economy to allow affordable lending.
Naked short - must be banned
Naked Swaps-must be banned
Naked Derivatives-must be banned
Banks owning industry-must be banned
size matters, yes. excellent banning manifesto. oligopolies must be banned, too. you can't have free markets and oligopolies at the same time. it does not matter how much the oligarchs try to sell oligopolistic setups as "free" and "freedom", they aren't so
Uh I read it as Congress is trying to make nothing of work.
Imagine a whole economy based upon EBT cards, Section 8 vouchers, free ObamaCare and a totalitarian overlord smashing free thought and speech.
The whole economy is almost based on EBT cards
Large insolvent corporations receive government EBT.
They wouldn't exist without government "demand", meaning 'redistribution' by money creation.
SOYLENT GREEN IS MADE OF PEOPLE!!! (you bastards!)
All these labels are so vague they are meaningless.
Socialist means many different things to many different people - it's just an easy button to press to get a reaction from people who choose not to think.
Can we pay them to just leave?
More accurately, US is 60% communist and 80% fascist, Canada is 70% communist and 40% fascist, EU is 90% communist and 75% fascist.
Your private property are belong to us.
Private property????
What have you been smoking???
Private stash????
For the right price, my company is for sale
Take your payment in gold or other hard assets. I would.
Sorry, Bidness; I already sold it. That's how FraudnessMan rolls.
My homie BanksterMan just writes me up the credit leverage in a snap...
I buys your company as if I actually had something to do it with...
You get the monies I did nothing for and I get the company You placed your labor, time and capital into to build!
That's how FraudnessMan rolls, yo.
http://www.youtube.com/watch?v=v0Fc9zaB-s8
This is to unload overvalued companies onto the working class before the system collapses.
You mean to say all the recent IPOs?
You are right in a way, except the way this is set up, it's the American taxpayer that's getting this unloaded on. This is taxpayer funded, tax payer backed, so we are all on the hook, rather we are will participants or not. The only ones who win in this one is those who own these companies now, and can offload them on the ta payer at a full retard type valuation.
Bingo. Companies are already driving themselves into Chapter 11 just to buy back their own shares. They need more bagholders once the overvalued equities go zero bid.
Once their equities higher they will sell their shares and will buy back lower corp bonds when rates move up. Easy trade when easy FED money.
Once their equities higher they will sell their shares and will buy back lower corp bonds when rates move up. Easy trade when easy FED money.
Fucking scam.
So basically a giant subprime SBA on roids?
No, a fire sale to the rottenfellers worldwide sitting on the TARP and closest to the printers. Screw the owners into the ground, force them to sell at gunpoint to "the minorities" at way overvalue prices, then screw "the minorities" and hoover up whats left at pennies on the dollar, grinding all goy into dust.
If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered...I believe that banking institutions are more dangerous to our liberties than standing armies... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
This is the german system of capitalism. The most viable system of capitalism in the world today. Large share of profits are distributed to contributing/owner employees and less goes to the oligarch on the top. Yes. this is not the country i grew up in . I might not have to commit suicide at age 65 not to be burden to my children.
Yep, In socialist Germany they're called worker self management and co-determination laws.
does it scare you that it works? yes, in Germany workers get one third of the board of director's seats. lo and behold, it makes them more involved in the company
add to this that we are talking in the majority of the cases of small and medium businesses which are often family-owned and where the external funding is done through banking business loans instead of "financial markets" peddling stocks and bonds... and you get a very familiar atmosphere
of course, if you define capitalism as the Wet Dream of Wall Street, then Germany is socialist, and I'm a socialist entrepreneur (lol)
If their socialism worked so well they wouldn't have needed a bailout from the US in 2008. Think about it, they'd be bankrupt already. Now it's a matter of how soon.
Harbanger, now you are conflating that international monstrosity megabank called Deutsche Bank with the German economy, aren't you?
Germans still have work ethic, a functioning manufacturing base and the associated skilled labor pool. Americans, not so much.
They also have the most time off which I don't see lasting for much longer. Spain and Germany are giving 34 days of paid leave each year. Italy and France guarantee 31 days of paid vacation, and Belgium 30.
what if workers produce more and - something that is often forgotten, better and smarter - if they have more vacations?
Germans seem to be quite successful with their vacations. hell, even the Nazis under Hitler were all for clearing the minds and bodies with vacations & travel, see "Strength_Through_Joy"
too little vacation, and many workers start to behave like obsessed or mindless less productive robots. an experience I personally made very often as entrepreneur
A world where the people producing shit own their workplace rather than being paid a pittance and taxed to death for the criminal elites?
Sounds good to me.
I don't have a lot of sympathy for lazy bastards who want others to do the work so they don't have to. That's one of the reasons I hate government.
See how easy it is to sell people on global communism? And you're "logical".
It's only fair. Like price controls and anti- gouging laws.
/s
People hypnotized by the MSM I could understand falling for the leftist fairness meme, but people on ZH I would expect to be a little more awake.
Yes, I am.
I guess you struggle with reading comprehension.
Can't help you with that, sorry.
MOAR free money....pile in kids....
Remember....first ones in have first shot at embezzling fund and defaulting before the clueless bureacrats figure out what is going on!
"It’s the TREND that is so important to pay attention to."
That is truth, Mr. Black... and why I have argued that attention must first be directed at Congress, as all else is fluff coming from self-interest or ignorance.
OSEOBA
Translate: I command you as
oBOMBer
to OBEY
This may be something even worse than socialism, something called "anarcho-syndicalism":
http://mises.org/daily/5590/AnarchoSyndicalism-A-Recipe-for-Ruin
And this is supposed to be legislation out US Congress? Simon, you are an idiot, there is no way in hell that US Congress would even contemplate such progressive legislation unless it's to help offload bankrupt enterprises.
http://esoppartners.com/blog/bid/198359/S-2411-United-States-Employee-Ow...
It was originally proposes in 2012. Here it is again in 2014.
Bernie Sanders? My computer mouse has more influence.
Bernie Sanders introduces it every other year and it never even gets out of committee. Black should be more clear about the fact that it's one useful idiot who's behaving like a Randian villain, not the entire Congress.
Have you seen the crap coming out of Congress the last 6 years?
Frank-Dodd
Obamacare
It has indeed been the majority of Congress behind this crap.
Bipartisan consensus as usual between Repub-neocons and Dem-progressives.
This is the german system of capitalism. The most viable system of capitalism in the world today. Large share of profits are distributed to contributing/owner employees and less goes to the oligarch on the top. Yes. this is not the country i grew up in . I might not have to commit suicide at age 65 not to be burden to my children.
Most business owners in the US aren't oligarchs, deutschbag. While B.O. is doing his damnedest to destroy small and medium business in this country, he's got a long way to go.
Why the heck would I start a business in the German system? Where's the creative destruction going to come from? You may be technically right because free market capitalism is essentially extinct in the world, but free markets beat that system any day.
Free markets will bring your wages down to the Chinese who could never move out of feudalism without knocking off the west. Western markets must be defended and isolated from the 3rd world. Was Ronald reagan a good president? Look where we ended up? The FED creating free credit for big corporations so they can buy their own stock up after issuing low cost debt. National Socialism is the only way to go or not just Smith Field Food but everything else will be sold out by our corrupt politicians
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Best point yet.
deutschbag?
bwhaaaaaaaaaaaa
"Why the heck would I start a business in the German system? Where's the creative destruction going to come from?"
creative destruction happens moar in small and medium businesses, less in giant megacorporations with huge interests which call in political and monetary support
Why not just allow a truly free economy so they can buy it, if they're ambitious enough, on their own? Stupid ass unions haven't even figured out how to do this yet!
Those poor socialist Germans! Nobody wants to buy their shoddy cars and inferior industrial equipment. How can such an overpaid and lazy workforce be competitive? They actually take low-achieving high schools kids and put them in apprenticeship programs with guaranteed jobs, instead of throwing them in the dumpster, the way we do in the hyper-efficient, exceptional USA.
Maybe someday those Germans will get to be as smart as we are and discard 1/4 of their young people. Maybe they will concentrate wealth into the hands of a set of billionaire soiopaths who buy politicians for chump change. We can only hope.
You have been watching to much FOX and CNN. Please visit Germany and learn the truth.
I think he just thought the /sarc tag was unneccessary (at least I hope so!)
I am pretty sure that the poster was being sarcastic. I think that he agrees with your post.
As for me, I think that non-racist national socialism is the most efficient and fair economic system. In addition to Germany, look at Japan, South Korea and Taiwan.
Employees owning companies… what socialist crap. Ayn Rand lit up another cigarette and popped another Benzedrine tab whenever it was mentioned. We all know that employees are a bunch of moochers and parasites. When given the chance they will always confiscate and destroy the wealth created by the Übermensch such as John Galt. They are despicable rats. OK. Maybe, on occasion, a few of them may be able to get something done- http://www.nceo.org/articles/employee-ownership-100
Fuck Ayn Rand and whatever mode of transport delivered it.
While I agree about diverting academically subpar kids into apprenticeship/trade school, I'm skeptical of whether the German economy could perform this well while bearing the full burden of its own defense. Don't underestimate the drag on the US economy that playing world policeman creates.
Yep, The Germans saved a tremendous amount of money that they funneled into their welfare state programs.
Uh...how about this Simon -
Your children don't belong to you. They belong to the state.
https://www.youtube.com/watch?v=N3qtpdSQox0
You think this is socialism? Try Communism - it's the only entree on the menu. Unfortunately we already know how this dish tastes.
There is a concerted effort to bring the old satanist Ayn Rand out of moth balls. Let us set the record straight.
http://aangirfan.blogspot.fr/2014/03/satanists-in-louisiana-california-a...
Alan GreenspanAlan Greenspan attended Bohemian Grove one month before he was appointed chairman of the Federal Reserve.
Greenspan's Goblins Bohemian Grove is said to be a summer camp for top Satanists.
Ayn Rand
In the early 1950s, Alan Greenspan began an association with the novelist and philosopher Ayn Rand.[44], also known as Alisa Rosenbaum.
Ayn Rand’s first love and mentor was a sadistic serial killer who dismembered little girls. ATLAS SHRIEKED: Ayn Rand's First Love and Mentor.
Ayn rand said the individual should "exist for his own sake, neither sacrificing himself to others nor sacrificing others to himself."[98]
She supported Israel in the Arab-Israeli War of 1973, describing the Israelis as "civilized men fighting savages".[74]
Mother Jones remarked that "Rand's particular genius has always been her ability to turn upside down traditional hierarchies and recast the wealthy, the talented, and the powerful as the oppressed".[167]
The Nation alleged similarities between Rand's ideas and fascism.[174]
The Satanist Anton LaVey has acknowledged that his brand of Satanism was "just Ayn Rand’s philosophy with ceremony and ritual added."
The Fountainhead of Satanism | First Things
Anton LaVey was born in Chicago, allegedly to a Jewish family.
Anton LaVey founded the 'Church of Satan'.
General Aquino."LaVey's most famous associate was the US National Security Agency's General Michael Aquino.
"At the time of his membership in LaVey's group Aquino was an Army specialist in intelligence and psychological warfare."
You've obvioulsly done some serious research.
Yup, the last time I was at Bohemian Grove there were satanists everywhere disguised as Bambi, little kids, and a group of elderly gentlemen who obviously were praising satan when they were singing "When she comes 'round the mountain ..."
You sound more like the low end type who just steal babies off the street.
yeah well...bob weir likes it. that says it all to me.
I really don't understand the great embrace of Rand's fiction when there are so many non-fiction books from the likes of Mises, Hayek, Rothbard, Bastiat, Hoppe, Jefferson, Block...
I personally don't want to be like Galt. I desire to be me and free.
I like Ayn Rand because she makes Socialists and collectivists froth at the mouth and gibber incoherently.
I think it's more likely that you are incapable of independent thought.
That's good, and Rand is better than no thought provoking material on Liberty.
However, if Rand can make 'em "froth at the mouth," Bastiat and Rothbard can make 'em bleed from the eyes.
all worked up over a bill that died in the senate last year and even if enacted would cost a measly half a billion per year? damn, is that the best example you've got? I can think of corporate welfare cases that cost a thousand times as much. i can also think of ninety something senators scummier than sanders.
This sounded pretty heinous and Mr. Black seemed very miserly on detail, so I Googled the name of this bill. Long story short, it was proposed by self-labeled Socialist Bernie Sanders in 2009 and never came up for a vote. Yep, that's three Congresses ago. This is the least of my worries.
Must be a slow news day at the Black residence.
It was re-introduced June 2 but has an estimated 0% chance of passing.