Professor Chomsky: To assume that society’s rewards go to those who have performed a social service is to succumb to essentially the same fallacy (among others) involved in the claim that a free market leads to the optimal satisfaction of wants. In fact, when wealth is badly distributed, a free market will tend to produce luxuries for the few who can pay, rather than necessities for the many who cannot. Similarly, given great inequalities of wealth, we will expect to find that the ‘gradient of occupations’ by pay is a natural measure, not of service to society but of service to wealth and power, to those who can purchase and compel. The ties among I.Q., occupation, and social standing that Herrnstein notes make ‘practical sense’ for those with wealth and power, but not necessarily for society or its members in general …
Great post. Amazing number of commies on this site. I suppose few are 100% libertarian here but I am shocked at the copious money (penile) envy on ZH. Last country on earth you can make something from nothing, but instead of celebrating that fact, I see many here frothing at their open mouth commentary about how people are not equal in wealth sense. Almost as if you can legislate wealth from the rich and deliver to self-righteous few who cant separate themselves from their OC self-entitlement mentality.
Don''t most realize that if all the weatlth was forcefully distributed equally within 20 years most of the top 10% would have most of the wealth and the self-entitled would squander whatever they stole have and would become what they started as?
It's amazing amount of energy wasted on worring that many others with the wherewithal to make a buck if they so desire. Money is just a tool folks. No one is equal to anyone in effort and natural skills. Get over it. If you would put that energy into making a buck the hard way, you could be reeach too.
A lot of delicate flowers here tonight. Was it something I said or asked? Thought I was simply asking questions directly relatedto the quote. Guess not the thing to do when it questions one's heros.
Uh, no. We're more concerned with the fact that there is a corrupt system in place that steals the wealth from the people to put it into the pockets of politicians and bankers. The Fed gets to do what I would get thrown in jail for doing, and as it does so, it enriches crony capitalists at your expense. Seigniorage income. Look it up. We're also rather pissed off about being lied to about this, i.e. bogus CPI figures.
In trying to tell people about our precarious situation I find right after anger comes envy. It seems to be close to the surface but since it is unseemly it is kept slightly hidden.
Those who are prepared would be wise to keep ostentation on the down low. Especially if your good fortune is due to a gold revaluation and you are seen as undeserving.
Reminds me of the infamous psychology test where people prefer having little, while leaving others with nothing rather than having more in absolute, but less in relative terms.
Yep. You and Galileo Galilei are of comparable intellect. Grab the gossimer thread of reality before you are lost to us all. You are well spoken, but your content is shopworn.
Lies. All 100% lies design to make little Marxists where there were none. Marxism is not natural. Free people trading for mutual satisfaction is natural and sustainable.
Re: Free people trading for mutual satisfaction is natural and sustainable.
Only in the semi-autistic fantasy land where the Marxist live. The only NATURAL system is the smart-n-savvy people manipulating dumbasses with bullshit.
Do you also think he was maybe lying about transformational grammar? I've always found the distinctions between I-Language and E-Language hard to get my head around.
I would love to hear your well-reasoned thoughts on that one.
Lost in the language. You wonder if people even recognize.... Like recovery can we stop using that term. Something more accurate, economic adjustment, rescaling, overhaul, anything but recovery. It doesn't fly with anyone I know.
Most people I know don't know we're still argueing about a recovery; we've been post recover for years in KaLi. How much better can things get for those who aren't in the bottom 70%?
Wow I've aroused passion in someone. Above you called me a fuckhead, too. LOL.
Anyways I don't really see things the Ayn Rand way, but whatever.
And yes, I am aware that the terminology was taken and twisted - that von Mises was a "liberal" and that terminology is just fine with me.
Anyways I think Chomsky is fake, and efforts to characterize the "economy" as naturally exploitative are just so much hot air. Nobody needs forced redistribution. I believe freedom to own stuff and to trade as you see fit is wealth building for everyone, simultaneously. Von Mises and Rothbard did a really nice job of reasoning their way through this.
And yes, the idea that free transactions concentrate wealth is definitely a Marxist thing.
(BTW both Von Mises and Rothbard were Jews. Hope that doesn't chap your ass too much.)
a) Correct, the economy is exploitative and there is an inequality of gains. This is 100% engineered this way, on purpose. The existence of a central bank to control money and credit in a centrally planned way is a Marxist tenet that we are living right now. If we had "equity money" instead of "debt money" then it would be different, and better. That's my point. Here is an excellent reference:
b) US standards built on a stealth inflation tax of the Entire World wasn't the original state of affairs. This kicked into high gear in 1971 with the "petrodollar." Commodities flow into the US, and pieces of worthless paper flow out. It's stupid and obviously unsustainable. Let's change it!
c) What's stopping me from being free, and trading how I want? There is a mountain of legislation that stops me from trading in gold and silver, or anything else. Between legal tender laws, the tax code, and hundreds of thousands of pages of administrative regulation I most certainly not free. You can get shot to death by a cop in the US for...nothing. We aren't free.
I am proposing that we should be free and that life would be better - for everyone, not just some classes.
I've read Chomsky at length, and found him to be quite the tool. Much like Escrava, his abilty to speak or write eloquently does not make his point any more valid; although being a wordsmith is surely intoxicating to simpletons. Chomsky's ideas were just that. Simplistic and, pardon my frankness, idiotic. In the practical sense, his writings are as useful as those of Stephen King or Tim Rice. Just another guy in a bubble opining on a world he never really had to experience. Ivory towers and such.
When I was younger I embraced idealism. As I got older, I became more of a realist. Yet, at none of those stages of personal evolution did I think Chomsky was anything other than a hollow, resounding gong.
yes, ludwig von mises was considered a liberal. As was thomas jefferson. However, that term has changed a lott over the years. They were 'classically liberal'. In todays world, that would mean they were libertarians.
He probably meant to say "libertarian socialism" and casually said Marxism in its stead. Either way, It's faulty to embrace either terminology as a life philosophy. That is, unless you are one who is sucking on the nearly dry teat of society.
Nice ad hominem, Spastica. I was so encouraged when you said you were going to shut your maw. We'd all have been better off. But thanks for the "zealot" label. You could not have missed the mark any further if you intentionally tried to miss the mark. By the way, "libertarian socialism" is a Noam Chomsky derived term. It wasn't mine.
borrowed that line from ann coulter? You seem to not understand what libertarian philosophy is. it is centered around the non agression principle. It is immoral to initiate force or threaten to use force against another or their property. thats pretty much it. as such, we envision a very limited role for the govt to play. It exists to protect our rights as laid out in the constitution. That is all. To provide equal OPPORTUNITY not equal OUTCOMES. It is not the proper role of govt to provide us with benefits, health care, subsidies, or control distribution of wealth. and definetly not policing the world, searching for monsters to destroy. Many on here have made the leap to complete anarchism, that any state is immoral. Although I don't entirely agree with that, I won't argue with them. As for the whiny part, we complain because we see what the govt is doing to this once vibrant nation, and how we are being led to an unavoidable collapse of all the bad debts being generated, which is sure to cause a lot of pain for everyone on this planet.
>policing the world, searching for monsters to destroy
That is still possible in libertarianism. For example, a private security force that secured contracts from enough members in a populace (perhaps something like Kickstarter) would try to overthrow a warlord if it expected a profit.
>any state is immoral. Although I don't entirely agree with that
What kind of state would be moral? A kind that doesn't extract funds from residents of a given geographical area?
Socialists _promise_ a better material standard of living for the poor, but who actually delivers? Are the poor better off in free-market South Korea, or in socialist North Korea? Were the poor better off in East or West Germany? Did the lives of the poor not improve, when China adopted free-market reforms? Let's talk about facts, please.
Jeez --not facts again ---I was just getting into the rehash of communism vs rand-- it was a big thing back in the midwest during the middle 50s--you wouldn't believe the name calling--- guess I'll have to revert to the oldies station for that "old time feeling"
The free market that lives large only as a concept in one's mind. The money power will always conspire and attack whatever free market shows its face because the money power is a jealous, controlling, greedy and psychopathic bitch.
year2000@infomagic.com was the email address used for Y2K-related online posting by an especially gloomy programmer (Ivan Mingham). He predicted, with great certainty, a scenario far bleaker than did even Gary North or other prominent doomers: a humankind-wide “devolutionary spiral” in which most of the social and technological progress of the past several hundred years would be undone, leading to a reduction in the earth’s carrying capacity and the death of a majority of the world’s population. “Infomagic” itself was simply the name of this fellow’s email provider, but became a both a nickname for him and shorthand for the level of disaster he described: “if Y2K goes Infomagic” meant “if it’s really, really, really bad.”
Ahhh, Y2K. One of the few times in the history of humanity that the introverted geeks benefited in a scam almost as much as the extroverted sociopaths running the scam.
The problem is that these are different times and we just can't gauge success and failure from the same metrics of past generations. We live in a new time, one of great sharing and sacrifice for our fellow man. We no longer focus on outdated concepts like income and wealth as today we have acknowledged that "we didn't build that" and "the wealth should be spread around". These modern concepts do not comport with old measures and perceptions. People are now free to pursue their dreams, no need for the drudgery of a job. Just believe that we are all better off than we ever have been. We are the new us, the USSA!
The economic recovery that the media and talking heads have been bantering around does not exist and is just a myth. A manipulated stock market distorted by recent economic policy hides and mask the real truth, in many ways it is ground zero in the war to convince us all is well.
The American people and Main Street will tell you they are far from convinced that it is smooth sailing ahead. Huge weakness in the economy has been shown by numbers that barely get by even after record amounts of stimulus. Fact is if QE or the massive government deficit spending that props up our economy is removed it will fold like a cheap umbrella.
Recent changes in how the GDP is figured , which boosted growth thus reducing the debt to growth ratio, and attempts to spin poor numbers regarding employment have been met with skepticism. More on this subject in the article below.
Hell, nobody wants to remove it. we all talk tough here but we ALL know our jobs and future are dependent upon this corrupt circus continuing. This just helps salve my guilt for doing nothing about it. I figure hell, young people don't seem to be paying attention to any of it. Why should I care. Honestly I'm just a junky for it as I find it incredibly interesting. I slow down for car wrecks too.
I'd rather rip the bandage off,rather than slowly peel it off. I've seen starving people first hand before though,and you just get used to it after awhile.
"During the Panic of 1837 we ate prarie dogs. Probably be eating them again soon."
Black-tailed prairie dogs once numbered in the hundreds of millions – maybe even over a billion – and were possibly the most abundant mammal in North America. But due to a variety of reasons, their numbers have decreased by over 95%. Today, they may number around 10-20 million.
Yummm! Roasted over an open fire on a bark stripped willow branch, basted with a cactus flower nectar. Just make sure its cooked through and there's nothing wrong with a crispy crust!
The overseas outsourcing of H1Bs is now blatant. Skip even considering Americans anymore.
So the US government hands out welfare and Social Security disability like candy to cover this lawlessness. Corporate welfare by paying the displaced American workers.
What does such a poor recovery deem for the future?
I had a dream last night where Charlton Heston was running up one street shouting out 'Soylent Green is people!'... while at the same time Kevin McCarthy was running down another street crying out "You're next!'.
What does it all mean?? What will I dream tonight?
Not too worry. Better technology and higher efficiency along with the ability to react quickly to crisis just requires a little more time than it use to.
Even Wall St know. They just spins with dubious stats thru their paid sycophants (analysts, economists, etc) in order to sell concocted snake oils that even foreign investors eschew.
There is still a juice left in the pensions and the little savings in mutual funds that can be raided. Wait a minute, should markets dive, there are the coming gates on these funds.
There are still large slices of land not yet Ferguson to be devastated.
So, the psychopathic hedonistic nihilistic narcissistic globalist bankster scum sucking bottom feeders didn't throw enough chum over the castle walls for all the indentured slaves to scavenger and fight over?
What, these animals are not screaming loud enough or pounding hard enough at the gates?
Ugliest Moldovan girl I know moved to the US by marrying a retard, whom she later divorced. (She was going to marry a friend of mine, man did he dodge a bullet). So far, so good. Then she married some third worlder and now has downloaded a couple of half-whites, her Hadji works as a computer "expert", she has a job juggling numbers in a corporation in Houston. Together, they earn about half what I did as a computer jock before being replaced by an H1-B.
In short, she doesn't understand why I left the land of "opportunity," in order to work in Germany, and and thinks that I am an incurable "racist."
I got where I am honestly. And when she and her towelhead get replaced by even cheaper labor, she just might get a clue. But I doubt it.
All the third world thinks that the US is a Garden of Eden, while it is they who are tearing it down, bit by bit.
I'm incurable about the exact same topic, was forced to train them to replace me in one 'job'. Had a job interview via phone earlier this year and one of the interviewers' english was so shitty I couldn't understand his question and had to ask him to repeat the question about 5 times.... if the other 5 people in the interview didn't realize how crappy a situation it was for me, then I think all of them should lose their jobs and get replaced by one of these 'visitors'.... and lose everything so they may have a chance to figure it out... Government.... corrupt beyond pale.
NOOOOOO!!!!!!!
Professor Chomsky: To assume that society’s rewards go to those who have performed a social service is to succumb to essentially the same fallacy (among others) involved in the claim that a free market leads to the optimal satisfaction of wants. In fact, when wealth is badly distributed, a free market will tend to produce luxuries for the few who can pay, rather than necessities for the many who cannot. Similarly, given great inequalities of wealth, we will expect to find that the ‘gradient of occupations’ by pay is a natural measure, not of service to society but of service to wealth and power, to those who can purchase and compel. The ties among I.Q., occupation, and social standing that Herrnstein notes make ‘practical sense’ for those with wealth and power, but not necessarily for society or its members in general …
http://newlearningonline.com/new-learning/chapter-6/chomsky-on-iq-and-inequality
Social service to society....you mean like all of the self sacrificing public servants working for the government and living off my wages?
And what essential or "necessity" goods and services are those that are so lacking in our society. Swisher Sweets?
Great post. Amazing number of commies on this site. I suppose few are 100% libertarian here but I am shocked at the copious money (penile) envy on ZH. Last country on earth you can make something from nothing, but instead of celebrating that fact, I see many here frothing at their open mouth commentary about how people are not equal in wealth sense. Almost as if you can legislate wealth from the rich and deliver to self-righteous few who cant separate themselves from their OC self-entitlement mentality.
Don''t most realize that if all the weatlth was forcefully distributed equally within 20 years most of the top 10% would have most of the wealth and the self-entitled would squander whatever they stole have and would become what they started as?
It's amazing amount of energy wasted on worring that many others with the wherewithal to make a buck if they so desire. Money is just a tool folks. No one is equal to anyone in effort and natural skills. Get over it. If you would put that energy into making a buck the hard way, you could be reeach too.
Great post?
It was a non-sequitur, knee-jerk, talking-points reaction to the mere mention of He Who Is Not To Be Named.
Your brain is clearly lint, too.
You guys need a new pamphlet to read from.
A couple of douches jack a thread and it becomes no fun to read.
By design?
Maybe.
I'm feeling like a stupid fish.
I'm going to go back to keeping my maw closed.
My comment wasnt at you.
No, I understood that.
A lot of delicate flowers here tonight. Was it something I said or asked? Thought I was simply asking questions directly relatedto the quote. Guess not the thing to do when it questions one's heros.
I do know this for a fact. Seeing your screen name and bungholes avatar gave me a good chuckle in the midst of all this doom porn.
So what for you? New wood, goodwood, hardwood? I hope you got some wood from it as it is impressive ( more so than content).
I am not keeping my MAW closed. That is a fantastic avatar. Thank you for an evening of blissful contemplation.
Uh, no. We're more concerned with the fact that there is a corrupt system in place that steals the wealth from the people to put it into the pockets of politicians and bankers. The Fed gets to do what I would get thrown in jail for doing, and as it does so, it enriches crony capitalists at your expense. Seigniorage income. Look it up. We're also rather pissed off about being lied to about this, i.e. bogus CPI figures.
Thanks for that.
The Grand Awakening is coming.
(But we gotta get through the whole women & children will be hurt most first if they stop blather)
"Get off me daddy, yur crushing my seegrats." Grand awakening FTW!
Tegrat.
Awesome!
"Last country on earth you can make something from nothing"
You nailed it!
I was going to hit the red arrow, then I realised you are talking about FRN's
In trying to tell people about our precarious situation I find right after anger comes envy. It seems to be close to the surface but since it is unseemly it is kept slightly hidden.
Those who are prepared would be wise to keep ostentation on the down low. Especially if your good fortune is due to a gold revaluation and you are seen as undeserving.
Reminds me of the infamous psychology test where people prefer having little, while leaving others with nothing rather than having more in absolute, but less in relative terms.
Thanks for posting.
The ZH Zealots of Rand will hate you.
My pleasure!
“We cannot teach people anything, we can only help them discover it within themselves” — Galileo Galilei — 1 August 1639
Yep. You and Galileo Galilei are of comparable intellect. Grab the gossimer thread of reality before you are lost to us all. You are well spoken, but your content is shopworn.
The ZH Zealots of Rand
Evidently you didn't get the memo, we all worship at the progressive feet of Boehner and Reid....two parties.....same crap.
Soooo.......see you at the Bohemian Grove this year?
Escrava
Lies. All 100% lies design to make little Marxists where there were none. Marxism is not natural. Free people trading for mutual satisfaction is natural and sustainable.
The State is not natural or sustainable.
Try reading on http://mises.org/
Re: Free people trading for mutual satisfaction is natural and sustainable.
Only in the semi-autistic fantasy land where the Marxist live. The only NATURAL system is the smart-n-savvy people manipulating dumbasses with bullshit.
Do you also think he was maybe lying about transformational grammar? I've always found the distinctions between I-Language and E-Language hard to get my head around.
I would love to hear your well-reasoned thoughts on that one.
Fuckhead.
Lost in the language. You wonder if people even recognize.... Like recovery can we stop using that term. Something more accurate, economic adjustment, rescaling, overhaul, anything but recovery. It doesn't fly with anyone I know.
Most people I know don't know we're still argueing about a recovery; we've been post recover for years in KaLi. How much better can things get for those who aren't in the bottom 70%?
NOTaREALmerican,
The recovery is a NO show because we are past peak growth.
Why do you think we have accumulated debt since 1970, exponentially?
Answer: To hide the ugly truth that, there is NO more growth.
There's growth in debt. And don't forget, debt that's just going to be rolled over is really equity. It's only debt when you can't roll it.
But, most likely as loss, for the equity holders.
If they can't roll: Bankrupted
When rates rise: Insolvent, at best
But, here is the crux of the 'debt' problem. We would still in a death spiral because:
A unit of new debt now produces much less than a unit of economic growth.
or your colateral becomes worthless
You are simply not well prepared. Fear has a hold of you. Seek to understand from a balanced perspective boomer.
Seize Mars,
Could you please stop labeling [Marxism] and end meaningless jargons [mutual satisfaction is natural and sustainable].
Please, what are you trying to tell us?
He's trying to beat you over the head with an invisble copy of Atlas Shrugged.
And Ludwig was a LIBERAL - look it up, Seize Mars, you pinhead.
Rex,
I believe every one of us has something meaningful and interesting to say.
But, thanks for the heads-up!
You and I have a significant difference of opinion, then.
But I'm totally cool with that.
Spastica
Wow I've aroused passion in someone. Above you called me a fuckhead, too. LOL.
Anyways I don't really see things the Ayn Rand way, but whatever.
And yes, I am aware that the terminology was taken and twisted - that von Mises was a "liberal" and that terminology is just fine with me.
Anyways I think Chomsky is fake, and efforts to characterize the "economy" as naturally exploitative are just so much hot air. Nobody needs forced redistribution. I believe freedom to own stuff and to trade as you see fit is wealth building for everyone, simultaneously. Von Mises and Rothbard did a really nice job of reasoning their way through this.
And yes, the idea that free transactions concentrate wealth is definitely a Marxist thing.
(BTW both Von Mises and Rothbard were Jews. Hope that doesn't chap your ass too much.)
I'm sick of the emptiness of the Libertarian promise.
You want to know what I think is fake?
You.
As for your last comment, I'm circumcised, my son isn't. Is that helpful? We're Catholic, too.
Rex,
What that come from?
Not sure what the "libertarian promise" is but if you are waiting on your EBT card to reload, I understand.
.
Thanks for the intergenerational penis staus update. That was both informational and useful. Or not.
i fucking knew it!
lol
Seize Mars,
It's obvious that you don't read Chomsky.
Anyway, you wrote: "Chomsky is fake, and efforts to characterize the "economy" as naturally exploitative are just so much hot air."
Mars,
a) Our economy is exploitative. You can clearly see on inequality.
b) US life standards were built on exploring others nations by sending dollars and acquiring their resources, labor, and goodies.
Then, you wrote: "freedom to own stuff and to trade as you see fit is wealth building for everyone, simultaneously.
What's stopping you of doing that?
Escrava
a) Correct, the economy is exploitative and there is an inequality of gains. This is 100% engineered this way, on purpose. The existence of a central bank to control money and credit in a centrally planned way is a Marxist tenet that we are living right now. If we had "equity money" instead of "debt money" then it would be different, and better. That's my point. Here is an excellent reference:
"It Didn’t Have to Be This Way: Why Boom and Bust Is Unnecessary—and How the Austrian School of Economics Breaks the Cycle" by Harry Veryser
http://mises.org/daily/6353/The-Austrians-Were-Right
b) US standards built on a stealth inflation tax of the Entire World wasn't the original state of affairs. This kicked into high gear in 1971 with the "petrodollar." Commodities flow into the US, and pieces of worthless paper flow out. It's stupid and obviously unsustainable. Let's change it!
c) What's stopping me from being free, and trading how I want? There is a mountain of legislation that stops me from trading in gold and silver, or anything else. Between legal tender laws, the tax code, and hundreds of thousands of pages of administrative regulation I most certainly not free. You can get shot to death by a cop in the US for...nothing. We aren't free.
I am proposing that we should be free and that life would be better - for everyone, not just some classes.
I've read Chomsky at length, and found him to be quite the tool. Much like Escrava, his abilty to speak or write eloquently does not make his point any more valid; although being a wordsmith is surely intoxicating to simpletons. Chomsky's ideas were just that. Simplistic and, pardon my frankness, idiotic. In the practical sense, his writings are as useful as those of Stephen King or Tim Rice. Just another guy in a bubble opining on a world he never really had to experience. Ivory towers and such.
When I was younger I embraced idealism. As I got older, I became more of a realist. Yet, at none of those stages of personal evolution did I think Chomsky was anything other than a hollow, resounding gong.
"US life standards were built on exploring others nations." Who knew that exploration could be so devastating...
yes, ludwig von mises was considered a liberal. As was thomas jefferson. However, that term has changed a lott over the years. They were 'classically liberal'. In todays world, that would mean they were libertarians.
look it up....
He probably meant to say "libertarian socialism" and casually said Marxism in its stead. Either way, It's faulty to embrace either terminology as a life philosophy. That is, unless you are one who is sucking on the nearly dry teat of society.
Oh, for fuck's sake.
You zealots are a DRAG, man.
I'm still waiting for the Libertarian Revolution, but I think you guys are a big bunch of whiny PUSSIES.
Nice ad hominem, Spastica. I was so encouraged when you said you were going to shut your maw. We'd all have been better off. But thanks for the "zealot" label. You could not have missed the mark any further if you intentionally tried to miss the mark. By the way, "libertarian socialism" is a Noam Chomsky derived term. It wasn't mine.
He's all cranked up, let him go, he's on a roll.
He is on a roll, indeed. Spastica at his finest!
borrowed that line from ann coulter? You seem to not understand what libertarian philosophy is. it is centered around the non agression principle. It is immoral to initiate force or threaten to use force against another or their property. thats pretty much it. as such, we envision a very limited role for the govt to play. It exists to protect our rights as laid out in the constitution. That is all. To provide equal OPPORTUNITY not equal OUTCOMES. It is not the proper role of govt to provide us with benefits, health care, subsidies, or control distribution of wealth. and definetly not policing the world, searching for monsters to destroy. Many on here have made the leap to complete anarchism, that any state is immoral. Although I don't entirely agree with that, I won't argue with them. As for the whiny part, we complain because we see what the govt is doing to this once vibrant nation, and how we are being led to an unavoidable collapse of all the bad debts being generated, which is sure to cause a lot of pain for everyone on this planet.
>policing the world, searching for monsters to destroy
That is still possible in libertarianism. For example, a private security force that secured contracts from enough members in a populace (perhaps something like Kickstarter) would try to overthrow a warlord if it expected a profit.
>any state is immoral. Although I don't entirely agree with that
What kind of state would be moral? A kind that doesn't extract funds from residents of a given geographical area?
Socialists _promise_ a better material standard of living for the poor, but who actually delivers? Are the poor better off in free-market South Korea, or in socialist North Korea? Were the poor better off in East or West Germany? Did the lives of the poor not improve, when China adopted free-market reforms? Let's talk about facts, please.
Jeez --not facts again ---I was just getting into the rehash of communism vs rand-- it was a big thing back in the midwest during the middle 50s--you wouldn't believe the name calling--- guess I'll have to revert to the oldies station for that "old time feeling"
"Socialists _promise_ a better material standard of living"
Their means are unethical and cannot be justified regardless of the outcome.
Likewise, it's not justifiable for a man desperate for sex to rape a woman, whether or not his pleasure outweighs her suffering.
Yes, not sure why some have a hard time understandingthe immoral nature of State coercion. I think it's Stockholm Syndrome.
Professor Chomsky: "[blah blah bla ]when wealth is badly distributed, a free market will tend to produce luxuries for the few [blah blah blah]"
If you want to steal stuff why not just come out and say it?
What free market?
The free market that lives large only as a concept in one's mind. The money power will always conspire and attack whatever free market shows its face because the money power is a jealous, controlling, greedy and psychopathic bitch.
What recovery?
What's to complain, Tyler, the more bad economic news, the more stuff for Zero Hedge. You may have to hire a night shift, though.
The peoples wages are not supposed to grow because they are slaves to the bankers
only the bankers wages are supposed to grow due to the interest they extort from the GDP
Does this include EBT and Obamacare?
re-coverup...
I'll bet it includes Obama.
What is this recovery you speak of?
SET RECOVERY ON
http://www.reocities.com/wallstreet/2314/Infomagic.html
(All three parts)
PART 1: CHARLOTTE'S WEB
PART 2: THE DEVOLUTIONARY SPIRAL
PART 3: WE'RE GOING TO SEE THE ELEPHANT
Infomagic
http://www.kshay.com/teaiki/glossary/gl.php (Excerpt)
year2000@infomagic.com was the email address used for Y2K-related online posting
by an especially gloomy programmer (Ivan Mingham). He predicted, with great certainty,
a scenario far bleaker than did even Gary North or other prominent doomers:
a humankind-wide “devolutionary spiral” in which most of the social and technological progress
of the past several hundred years would be undone, leading to a reduction in the earth’s carrying capacity
and the death of a majority of the world’s population. “Infomagic” itself was simply the name
of this fellow’s email provider, but became a both a nickname for him and shorthand
for the level of disaster he described: “if Y2K goes Infomagic” meant “if it’s really, really, really bad.”
Ahhh, Y2K. One of the few times in the history of humanity that the introverted geeks benefited in a scam almost as much as the extroverted sociopaths running the scam.
Good times, very good times.
Look! A Ferguson Squirrel!!!
Where?
seriously, where????
under an mrap tire...
So it wasn't a "don't tread on me" squirrel, is what you are saying. And I missed it fuck!
The squirrels are everywhere Oldwood, anything to keep peoples minds fixated on anything BUT the economy.
Just the other day I saw a rare Ukrainian Squirrel ;-)
those Fergie Squirrels find some matches, I'll be oldschool glued to the TeeVee!
Not me, people can do some amazing things when they all get on the same page ;-)
RE
Oh, that's real comforting
All for the low, low price of $25 trillion.
But wait, there's MORE!!
Unpossible
perfect quote for a perfect ass
Wages. LOL.
Racist
Thanks for noticing.
Bull.Shit
That because there is no inflation, all the talking heads and knowledgable Ph.D. cannot be wrong, they are experts.
/s
Wages are for the Trash Class, the Elysium and Elysium Support Class is above wages.
Survival of the fittest, BITCHEZZZ!!!!
Whens the next flight out?
Malaysian Air
has a flight leaving soon
Bullish!!!!111!!11!
The problem is that these are different times and we just can't gauge success and failure from the same metrics of past generations. We live in a new time, one of great sharing and sacrifice for our fellow man. We no longer focus on outdated concepts like income and wealth as today we have acknowledged that "we didn't build that" and "the wealth should be spread around". These modern concepts do not comport with old measures and perceptions. People are now free to pursue their dreams, no need for the drudgery of a job. Just believe that we are all better off than we ever have been. We are the new us, the USSA!
You should run for President with a speach like that, I'd vote for ya!
(Gotta leave off the USSA bit at the end, and throw in a slow-motion eagle or flag tho).
No chance. My wife says I'm a terrible liar (it seems to give her great confidence in me)
And if I told the truth I would surely end up dead in a ditch. Not much tolerance for truthiness. Besides, I'm a hater.
Ah. A fellow compatriat destined to be remembered as one on the "wrong side of history."
I know I have been on the wrong side of every investment, so I'm sure I'm on the wrong side of history.
The economic recovery that the media and talking heads have been bantering around does not exist and is just a myth. A manipulated stock market distorted by recent economic policy hides and mask the real truth, in many ways it is ground zero in the war to convince us all is well.
The American people and Main Street will tell you they are far from convinced that it is smooth sailing ahead. Huge weakness in the economy has been shown by numbers that barely get by even after record amounts of stimulus. Fact is if QE or the massive government deficit spending that props up our economy is removed it will fold like a cheap umbrella.
Recent changes in how the GDP is figured , which boosted growth thus reducing the debt to growth ratio, and attempts to spin poor numbers regarding employment have been met with skepticism. More on this subject in the article below.
http://brucewilds.blogspot.com/2013/10/myth-of-economic-recovery.html
Re: Fact is if QE or the massive government deficit spending that props up our economy is removed it will fold like a cheap umbrella.
That's why the smart-n-savvy people aren't going to remove it. Why removed what works so well for the smart-n-savvy people?
Hell, nobody wants to remove it. we all talk tough here but we ALL know our jobs and future are dependent upon this corrupt circus continuing. This just helps salve my guilt for doing nothing about it. I figure hell, young people don't seem to be paying attention to any of it. Why should I care. Honestly I'm just a junky for it as I find it incredibly interesting. I slow down for car wrecks too.
I'd rather rip the bandage off,rather than slowly peel it off. I've seen starving people first hand before though,and you just get used to it after awhile.
It's obvious: they need to print more.
Fixed it
( I just used this the
other day, but fuck it)
"This is the undiscovered recovery from whose bourn no economy returns"
During the Panic of 1837 we ate prarie dogs. Probably be eating them again soon.
(spits tabacco juice on the rug.)
"During the Panic of 1837 we ate prarie dogs. Probably be eating them again soon."
Black-tailed prairie dogs once numbered in the hundreds of millions – maybe even over a billion – and were possibly the most abundant mammal in North America. But due to a variety of reasons, their numbers have decreased by over 95%. Today, they may number around 10-20 million.
http://www.defenders.org/prairie-dog/basic-facts
Bubonic plague. Order up!
Yummm! Roasted over an open fire on a bark stripped willow branch, basted with a cactus flower nectar. Just make sure its cooked through and there's nothing wrong with a crispy crust!
Why did the prarie dog population decline?
Because there's nothing that compare to them when fricasseed.
Over a steaming bed of crab grass.
Depressons don't get any better than that.
Wait till you see what the recession looks like.
Place that chart next to this one.
http://upload.wikimedia.org/wikipedia/commons/4/49/US_Crude_Oil_Producti...
Gee, this economics stuff is just soooooooooooooooooo complicated.
Because Obama!
Cynical haterz
the 2001 post recession wage growth metric looks highly manipulated.
Let us hope they have left some for banker bonuses!
No money > No Spending > No Investment > No jobs > No Growth.
Perfect vicious circle for America, but a virtuous cycle for bankers and Wall streeter 1%.
Having fun in Jackson Hole, with promises of more goodies to come. The stock market has the message already.
my nyc branch of a large international bank is HIRING!!! h1b visas from india. thank you for the recovery. there are so many jobs to go around.
The overseas outsourcing of H1Bs is now blatant. Skip even considering Americans anymore.
So the US government hands out welfare and Social Security disability like candy to cover this lawlessness. Corporate welfare by paying the displaced American workers.
awesome. graduated college in 92; second kid born 2007....so awesome to be a gen X'er.
I was born below average.
But, but, but the stock market is going to the moon!
What's the big surpise?
Apparantly we've been trying to emulate every 3rd world black run cesspool of a country for the past 6 years.
Mission Accomplished!
Forward Chimps!
First noticed this with Clinton. POTUS for a job? No thanks, not worth the bs.
all that lying and deceiving while betraying the entire nation with horrendous legislation for one's own benefit must be exhausting
If you like your Marxist choomer you can keep your Marxist choomer.
What does such a poor recovery deem for the future?
I had a dream last night where Charlton Heston was running up one street shouting out 'Soylent Green is people!'... while at the same time Kevin McCarthy was running down another street crying out "You're next!'.
What does it all mean?? What will I dream tonight?
Seriously? its a buying opportunity. The economy has been shit for so long it only has up to go!
or it might possibly go the other way and we all be eating people before long
It could go either way
Ctrl+Prt Sc or U+2399.
Printing fake currency will catch up with
Mr Yellen Chair person.
Obvious conclusion - not enough war!
post war average?
now the BLS is trying its hand at humor?
"some recoveries did not last 60 months"
hahahahahahaahhaaaaaa!
cause they died in the CRIB!!!!!
fuckers
This chart is clearly rayciss and should be banned. MSNBC said so.
Does the MSNBC viewers comence stone throwing before or after the TV commercial?
Vitamin B17 is racist too.
Ban all supplements.
Kill them all.
Lol no look here for a photo of Ray's Cyst
http://byebyedoctor.com/wp-content/uploads/2011/05/epidermoid-cyst.jpg
http://money.cnn.com/data/world_markets/
Things look good to me. Everything in the green. Whats there to worry about.
your spelling and punctuation for sure dude...
let the plebes eat shit
Toaster Strudel?
But what if people don't like bread and they prefer say cigarettes, or Swisher sweets?
Wal-Mart should do well in this environment.
hahahahahahaha...............
Maybe the Chinese poor will buy your crap.
Doubt it.
This is all according to plan. USA wages need to be "...spread around a little". In 40 or 50 years, "...what difference does it make?".
Not too worry. Better technology and higher efficiency along with the ability to react quickly to crisis just requires a little more time than it use to.
Even Wall St know. They just spins with dubious stats thru their paid sycophants (analysts, economists, etc) in order to sell concocted snake oils that even foreign investors eschew.
There is still a juice left in the pensions and the little savings in mutual funds that can be raided. Wait a minute, should markets dive, there are the coming gates on these funds.
There are still large slices of land not yet Ferguson to be devastated.
Only the sheepies do not care or know.
Ebola in Sacramento.....Now how is that possible???
http://www.dailymail.co.uk/news/article-2729510/Patient-Sacramento-hospital-tested-Ebola.html
Lordy Lordy
We're doomed
<--stock rally
<--stock inflation **
Why is the market up 10,000 points in 5 years?
Make your vote count.
** too much QE chasing too few stocks
So, the psychopathic hedonistic nihilistic narcissistic globalist bankster scum sucking bottom feeders didn't throw enough chum over the castle walls for all the indentured slaves to scavenger and fight over?
What, these animals are not screaming loud enough or pounding hard enough at the gates?
More bread and circuses!
that chart tracks the growth of government nicely
Ugliest Moldovan girl I know moved to the US by marrying a retard, whom she later divorced. (She was going to marry a friend of mine, man did he dodge a bullet). So far, so good. Then she married some third worlder and now has downloaded a couple of half-whites, her Hadji works as a computer "expert", she has a job juggling numbers in a corporation in Houston. Together, they earn about half what I did as a computer jock before being replaced by an H1-B.
In short, she doesn't understand why I left the land of "opportunity," in order to work in Germany, and and thinks that I am an incurable "racist."
I got where I am honestly. And when she and her towelhead get replaced by even cheaper labor, she just might get a clue. But I doubt it.
All the third world thinks that the US is a Garden of Eden, while it is they who are tearing it down, bit by bit.
I'm incurable about the exact same topic, was forced to train them to replace me in one 'job'. Had a job interview via phone earlier this year and one of the interviewers' english was so shitty I couldn't understand his question and had to ask him to repeat the question about 5 times.... if the other 5 people in the interview didn't realize how crappy a situation it was for me, then I think all of them should lose their jobs and get replaced by one of these 'visitors'.... and lose everything so they may have a chance to figure it out... Government.... corrupt beyond pale.
are you getting this yet yellen?