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Billionaire Says Economy Must Be Fixed

We became an economic superpower after WW2 and the Depression, when the new deal was in place and unions were at their strongest. So I would say the period right after what you are talking about, had a bigger role in US becoming a world power and being what we are today.
Actually, I'd argue against the Depression and New Deal doing much. It was WWII.

Probably the biggest factor is that, at one point, the US was providing the overwhelming supermajority of industrial production until the 1960s. That also bit the US in the rear, because the US didn't invest in new factories with new ideas, while Europe and Japan rebuilt, and that included factories using new approaches. It also included as new business approaches that would better compete with existing US corporations, while US corporations didn't change 'what had worked in the past.'

That's why we started feeling it by the 1970s, and still do. Although ironically enough, with factories shutting down in the '90s with outsourcing now coming back, new factories in the US are more automated as labor costs a lot more than it does in ... say ... China. It's interesting to go through a new/completely remodeled, recent (mid-to-late '10s) car factory.

E.g., C7+ Corvettes (2014+) versus prior generation tooling, a crapload more automation in building. And that was something that hadn't left, although GM uses Corvette as its 'incubator' of what it will do with all models in another generation or two. GE's appliance factories that have returned to the US in the '10s are another.

And semiconductor fabs are returning as well.
 
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Every economic system resets at some point because of wealth consolidation. The only question is how violent that reset is.
Which is why the current trend of 'off with their heads' popularism with Trump (2015+) and The Squad (2017+) makes me worry we're going to be more French than British.
 
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Government provided healthcare, socialist.
This is fantastic. Just a quick Google search will tell you that the wait for cataract surgery in Hong Kong is 162 weeks. So your argument against capitalism in Hong Kong is that they have socialized medicine, and, well, it sucks.
 
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I'd be willing to live in literally dozens of "socialist" countries. How come no one
This is fantastic. Just a quick Google search will tell you that the wait for cataract surgery in Hong Kong is 162 weeks. So your argument against capitalism in Hong Kong is that they have socialized medicine, and, well, it sucks.
It's not my argument. I am not a double digit IQ mouthbreather. I understand that capitalist countries can have compulsory universal healthcare. I am just curious what countries y'all think are capitalist since any government program other then corporate bailouts are seen as socialism to half the dipshits here.
 
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I'd be willing to live in literally dozens of "socialist" countries. How come no one

It's not my argument. I am not a double digit IQ mouthbreather. I understand that capitalist countries can have compulsory universal healthcare. I am just curious what countries y'all think are capitalist since any government program other then corporate bailouts are seen as socialism to half the dipshits here.
And your biggest gripe about capitalist countries is the socialistic aspect of them.

Do go on.
 
This is fantastic. Just a quick Google search will tell you that the wait for cataract surgery in Hong Kong is 162 weeks. So your argument against capitalism in Hong Kong is that they have socialized medicine, and, well, it sucks.
Government-run, worst-style HMO with waiting lists ... except you cannot sue the government.
 
I'd be willing to live in literally dozens of "socialist" countries. How come no one

It's not my argument. I am not a double digit IQ mouthbreather. I understand that capitalist countries can have compulsory universal healthcare. I am just curious what countries y'all think are capitalist since any government program other then corporate bailouts are seen as socialism to half the dipshits here.

lol your talking points get shittier every week
 
I just think its hilarious that he threw the gauntlet down on capitalism and his defense against a counter-argument is to bring up a shitty socialized healthcare system.
trump told us we would be winning so much we would get tired of it. im not tired yet, but the reverse side of it is that tds people are constantly losing. its been a rough couple months for them. the next 6 years are going to be even worse for them.
 
trump told us we would be winning so much we would get tired of it. im not tired yet, but the reverse side of it is that tds people are constantly losing. its been a rough couple months for them. the next 6 years are going to be even worse for them.
You do realize that we aren't winning, right? Another trillion in debt and political tensions are still high. Trump isn't winning, he's just keeping the left from winning.
 
When capitalism is out of whack, you get socialism. A large number of people get pissed at the ruling class and start implementing policies so that things are "fair". Politicians understood this after WW2. People don't want to work hard and still struggle all their lives.
or you get a Monarchy
 
You do realize that we aren't winning, right? Another trillion in debt and political tensions are still high. Trump isn't winning, he's just keeping the left from winning.
serveimage


#winning
 
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dont take that person seriously. the only reason i dont have them on ignore is to showcase tds
I normally disregard his posts, but that one was just way too far out in lala land I had to ask. Seriously, what is the most recent monarchy established in the world? It seems like they all predate any form of democracy.
 
I just think its hilarious that he threw the gauntlet down on capitalism and his defense against a counter-argument is to bring up a shitty socialized healthcare system.
We have never had free marketing healthcare in the US, unlike the Swiss.
 
Private Insurance is Non Profit in Switzerland
So are many hospitals and providers in the US (despite demonizations), didn't you know? But that aside ...
  • Still Free Market: Non-profit is still very much free market
    • We Libertarians are very much for non-profit organizations that are not government
  • Supplementary: There are supplementary plans available (which is not going to be the case with Medicare for All)
  • Canton Competition: There are 26 cantons (states) that nurture competition and innovation -- the constant argument that US states need to do similarly against one another, instead of the federal
    • The federal should 'open it up more' like Swiss Cantons, which we Libertarians constantly recommend
  • Self-Sufficient: Unlike the US and socialized medicine, the premiums actually cover the benefits -- 90% of premiums (10% overhead)
The last one is what burns me up about American ignorance. It does not matter who pays, it needs to be funded. Why don't we have a system that is self-sufficient, funding-wise, like the Swiss? Nope, we don't, because we either have employers subsidize or we treat the government as a bottomless pit of money.

We also have 'special interest' like and 'universal dictator' attitudes of IV fertilization being 'medically necessary' idiocy, as well as the UK NIH covering breast implants. The Swiss are just a great study of how everything could work in the US.

But nope, we love our left-right stupidity.
 
And? They still compete in a market to make money. That money simply has to be reinvested into the operation rather than paid out to any shareholders. And non-profits have a funny habit of paying some serious salaries....
They still charge enough in premiums to cover the benefits. That alone makes me love the Swiss system.

The rate of Americans who cannot follow simple economics tells me it doesn't matter what system we use, it's going to fail. I don't want to pick on President Obama, but I never liked his health coverage history based on his Illinois state voting record and own statements. He looks at the government as a bottomless pit of money.

Not that Trump and the Republicans aren't, like W. and the Republicans before them, weren't also like that too. But at least they understand what it costs, especially private industry who cannot just keep printing money.

Which is what the ACA was designed to do, costs so much, people would hate market solutions.
 
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