So you think it is Hot What to do

Page 3 of 3  
In article

Of the two economic systems Capitalism and Socialism, Socialism will be the survivor. What if in the future, ten percent of the worlds population can provide for 100 percent of all goods and services through free trade and automation, What kind of economic system will one have where 90 percent of the population has no job? The good times are over with.
The world is becoming more productive each and every year. Capitalism is a dying economic system. I am not saying the future will be a good future. Rationing on all levels will occur. Distribution of wealth is the only answer. Like it or not.
--
Enjoy Life... Dan

Garden in Zone 5 South East Michigan.
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Snip: (David being cute)

there may be Socialism in Bolivia.
What we've had is kleptocratic authority pretending to be capitalists in one place, and socialists (communists) in another. Americans, Russians, Chinese, everybody has consulted with Milton Friedman on how to put the best face on greed, and maintaining the elite class. All the power brokers want neo-liberalism, because you don't have to think for it to operate. The markets correct themselves. Even Schwarzenegger can understand the beauty of no need to regulate, the markets correct themselves. Which we found out, isn't true.
In the "Commodities Futures Modernization Act", which in the 11th hour was inserted into an omnibus spending bill by then Senator Phil Gramm in 2000, the trading of mortagage credit default swaps was suddenly legal again. They were not legal since 1934 since the passing of the Glass-Steagal Act.
After Gramm's little sleight of hand, the investment banks could suddenly sell "insurance" against a mortgage default. That's not a problem, but they were allowed to do so WITHOUT COLLATERAL. They didn't have to show that they had assets in reserve to back up the mortage defaults in the event that they did fail.
It was almost like a license to print money. The higher ups in those companies made huge bonuses by selling the credit default swaps in a positive housing market because none of the loans were defaulting. It was pure profit. The problem came when the housing market declined, the policies came due and there were no assets to back up the policies. The banks were so big that the financial system would grind to a halt if they failed, so the government was forced to step in and bail them out. In the meantime, the people who sold those deriviatives got to keep their bonuses.
The system is incentivized in such a way that it's bound to happen again if it's not regulated.
When the markets aren't regulated, it's the invisible hand of the elite that drives shares up, or down.
Dust off that old Michael Douglas DVD "Wallstreet", and see again, how the game is played.
http://www.nytimes.com/2010/04/28/opinion/28wed1.html
And now there is no money to bail out the victims, i.e. the taxpayers. Productivity has gone up since 1987, income hasn't for the worker. Bush gave the rich tax breaks. There are more billionaires than ever before. And now they cut support to the disabled, old, and the sick. Libraries are cutting back. The Post Office wants to cut back. The parks of Detroit are closed. There are potholes in the street.
And it costs Toronto $2 billion to have the rich come and plan for a week? Two billion dollars of taxpayer dollars? Who calls the shots?
We all know where the money went. But our congesspeople won't let us tax the one class that has benefitted from the last quarter century neo-liberal greed.
I just hope we can make as much noise as the Greeks are doing.

--
- Billy
"Fascism should more properly be called corporatism because it is the
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
In article

Is that a pink tie you are wearing ? I had one 50 years ago and I'd love to find it again. Pinko!
Dan L and " I feel fine" sort of misses the irony issue. 22 years ago some folks thought slash and burn ( Carbon freeing) was not good and gave us a heads up. Warnings can only go so far as most seem to need to feel the heat before they withdraw the hand. Trouble is like the frog in cold water he will not jump out with the boil. Most now look at long term as next week, some Dec 25 but longer that is not their problem. Gross assumption. Gardeners however have too look at the longer picture and sometimes they may look much further. Why? I don't know but love of life may be in the top 5 modus operants.
--
Bill S. Jersey USA zone 5 shade garden
What use one more wake up call?
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Dan L. wrote:

I am not sure what the replacement system will be but laissez faire capitalism isn't going to be the winner. The simple reason is that nobody knows how to make it run without constant growth. The resources of the world are limited and so growth WILL come to an end. The question is, will we be vaguely in control and managing the situation or will it be a crash landing?
David
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

The near future economic system could be: ANARCHISM :)
--
Enjoy Life... Dan

Garden in Zone 5 South East Michigan.
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Compared to what we got, that could be better, hmmm?
--
- Billy
"Fascism should more properly be called corporatism because it is the
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
Billy wrote:

Don't be so dismissive. There are far too many people who believe the global pinko conspiracy is the explanation for the scientific consensus and there are vested interests pushing it as much as possible. It doesn't have to make sense it just has to agree with prejudice and the imagined view of the world. And there is plenty of that.
David
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Heat looks like it maybe coming.
<http://news.stanford.edu/news/2010/july/extreme-heat-study-070810.html
--
Bill S. Jersey USA zone 5 shade garden
What use one more wake up call?
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload
http://ocean.dmi.dk/arctic/meant80n.uk.php
interesting found in Joe Bastardi blog below.
http://premiuma.accuweather.com/premium/jbEurope.asp
Joe specializes in long range forecasts like Hurricanes etc.
--
Bill S. Jersey USA zone 5 shade garden
What use one more wake up call?
  Click to see the full signature.
Add pictures here
<% if( /^image/.test(type) ){ %>
<% } %>
<%-name%>
Add image file
Upload

Related Threads

    HomeOwnersHub.com is a website for homeowners and building and maintenance pros. It is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.