My point was that America has the gold standard to fall back on if there is an economic collapse but I understand what you mean. You know your country's economy is in the crapper when [group 1] owes money to [group 2] who owes money to [group 3] who owes money to [group 1] and so on. Then there's America's military expenditure that has so far been a catastrophe (scud missiles and stealth bombers are as expensive as they are inaccurate) and the increase in taxes by 30% since the 1980s.
Bailout WTF
#16
Posted 29 September 2008 - 12:05 PM
My point was that America has the gold standard to fall back on if there is an economic collapse but I understand what you mean. You know your country's economy is in the crapper when [group 1] owes money to [group 2] who owes money to [group 3] who owes money to [group 1] and so on. Then there's America's military expenditure that has so far been a catastrophe (scud missiles and stealth bombers are as expensive as they are inaccurate) and the increase in taxes by 30% since the 1980s.
-Jimmy McTavern, 1938.
#17
Posted 29 September 2008 - 01:30 PM
Also, bailout defeated. Economy ROFLSPLODES.
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#18
Posted 29 September 2008 - 02:10 PM
How about everyone in the world just chips in $10 to pay for the bailout? Surely we can all spare that much?
#19
Posted 29 September 2008 - 04:40 PM
I already figured that a bank wouldn't want one of its customers to declare bankruptcy but I fail to see how the bank could help its customer "do well, so [they] can eventually pay off [their] debt."
-Jimmy McTavern, 1938.
#21
Posted 29 September 2008 - 08:41 PM
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#23
Posted 30 September 2008 - 04:58 PM
#24
Posted 30 September 2008 - 05:49 PM
What if the government nationalizes the firm/s and locks up those responsible?
-Jimmy McTavern, 1938.
#27
Posted 30 September 2008 - 09:06 PM
Because you nationalize a few firms until the problem is solved? That's crazy. Its a government's civic duty to make sure that employees and their families are protected from the careless actions or greedy intentions of employers and loan sharks.
And its not Socialism unless the ruling class forces 90% of the population to work (while it lives in luxury) for next to nothing while it sends all dissidents (which would include people who refuse to work) to concentration camps so they can be brainwashed, shot or starved.
-Jimmy McTavern, 1938.
#28
Posted 30 September 2008 - 09:36 PM
I was still talking about national debt.
Also, quit copying and pasting from the Socialist Party's platform.
#29
Posted 30 September 2008 - 10:56 PM
Yes, nationalizing industry is a tenet of socialism. And no, the US government has no duty to protect the proletariat. That, once again, is something a socialist government would be better for.
No, thats an ignorant stereotype associated with Communism. Socialism is a far more accepted form of communism and you'll see examples of it in pretty much every industrialized nation except the US.
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#30
Posted 30 September 2008 - 11:56 PM
Nationalization was around long before Communism, Socialism or Marx. Back then it was called confiscation... they probably changed it to "nationalization" because it sounds better.
What is Communism if not ignorance and oversimplification?
Like... China?
Name me one state which practises Socialism (i.e. where every factory, farm and firm is technically owned by all the people that work there) and isn't like I described earlier.
-Jimmy McTavern, 1938.