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Someone doesn't like Obama
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Someone doesn't like Obama

  #11 (permalink)
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RM99 View Post
We're catching up to our European neighbors....trust me.

We face all the same problems, immigration, bloated and bankrupt trust funds for entitlements, unions and government extoritionists profiting more than ever, stagnating economies, wealthy people moving money off shore......

It won't be long, we'll be right there with the rest of the EU.

Everyone will have 6 weeks of paid vacation while we ride the burning ship to the bottom. But hey, everyone will have free healthcare paid by someone else....even if it's only for a couple of generations.

Sounds like a huge bag of prejudices. Wealthy people moving money off-shore is certainly not a problem of socialism, but is a sign of defection, such as overpaid bank employees have benefited from moral hazard. Today's problems have been - partially - created by the attitude I win or the public loses, which has lead to over-consumption and under-performance.

Basic health insurance for everybody is not a bad thing. Sharing common resources is not either. 4 weeks of holidays do not do any harm to the economy.

I am certainly not a socialist. The main problem of socialism is the concentration of power, as Friedrich Hayek has shown in his excellent book "The Road to Serfdom". Central economic planning, a central party, a centrally controlled information monopoly are the worst things that can happen. China still has political socialism, and they are far from catching up with the US.

Obama is not a socialist either. He just inherited a bunch of problems and was only partly able to lead back the US to credibility, which was lost again after George W.Bush had invaded Iraq, justifying this with carefully engineered lies.

The problem with a so-called free market economy is that at some stage the free-riders may outnumber those co-operating and contributing to society. Therefore either a common morale or laws and regulations are needed to protect the commons against moral hazard.

By the way, free-riders include bank managers, lawyers charging appalling fees, representative trying to vote for particular interests to make sure that they are reelected. The whole thing is very much a n-person prisoner's dilemma, everybody counting on somebody else to contribute, but few being willing to contribute themselves. Strategies of mutual defection do not pay out well in the longer term, so what is needed is punishment of moral hazard, even if there is a price to pay.

Now tell me, these problems are going on for years, how can you blame Obama?

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  #12 (permalink)
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Fat Tails View Post
...Now tell me, these problems are going on for years, how can you blame Obama?


Pure common sense. I think you hit the nail on the head elegantly.

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trendisyourfriend View Post
This is a serious answer... I have heard that Vermont is trying to implement a Canadian Healthcare mode of operation. Cool! it was about time people in the US wake up. The reform is designed to increase access, improve the quality, and contain cost of health care for Vermonters. Who could be against that ?

The Republican Party

The Tea Party

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  #14 (permalink)
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ThatManFromTexas View Post
The Republican Party

The Tea Party

Well then just flush them

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  #15 (permalink)
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ThatManFromTexas View Post
@Fat Tails

1. How is the economy in Germany?

-> Booming, unemployment is lowest since 20 years at 7.7%, economy was growing 3.6% in 2010, and GDP is above pre-crisis levels

2. How much does petrol cost?

-> About $ 8 per gallon, no problem for the economy but incentive to replace gas guzzlers. Who needs 2 tons of
metal to carry 170 pounds of human flesh?

3. How much vacation do most employees get a year?

-> The minimum for everybody is 20 days, the average number of holidays as per collective labor agreements is 29 days per year, which compares to 12 days per year for the US.

4. Does Germany have a "National Healthcare Policy"?

-> Everybody needs to adhere to a compulsory health insurance fund. The monthly contributions vary between $ 200 and $ 800 per month, depending on income. Spouse and children do not pay extra. If you are self-employed or enjoy a higher income, you may leave the compulsory system and replace it with private health insurance.

5. Is prostitution legal in Germany?

-> Prostitution is legal since 2001. There are estimates that there could be around 150,000 to 200,000 prostitutes in Germany. As there are no official statistics, it is difficult to get any numbers. The legislation does not favor prostitution, but sex workers are better protected, if they do not need to hide and are controlled by local health authorities. If prostitution is illegal, this does not mean that it is not practiced.

->I need to add something here: If I watch an American film, I typically get the feeling that adultery is worse than murder. The girl who showed misconduct, will be punished in one of the other way, the hero is the one with the gun. The crime rate for murder in the US was 5.0 murders for 100,000 inhabitants (down from 9.5 in 1993), in Germany it was at 0.86 per 100,000 inhabitants.

-> Maybe banning weapons would be a good idea.

6. What is the annual consumption of beer per person per year in Germany?

-> Beer consumption per head in Germany is 119 litres per year, compared to 85 litres for the US.

7. Do you believe that Item number one is affected by 2 , 3 , 4, 5 or 6?

-> Certainly it is. Do you measure the quality of your life in dollars only?

No... this is a serious post. I would like to know.


Have added my comments above for your pleasure.

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Fat Tails View Post
Have added my comments above for your pleasure.

Wow... all that and Germany still maintains a large and healthy manufacturing sector pretty impressive for a "Socialist" government.

I think I better learn to .... spreche Deutsch

But don't nobody tell @RM99 .... his head will explode...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #17 (permalink)
Fortitudo et Honor
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Look at the following:

What is the median income (indexed) for an American from 1990-current. Then compare that to the average EU for the same. Then compare the rich for both parties.

You'll see that even though the rich are getting richer, it's dragging the "average" citizen along better.

The reason is that socialism doesn't grow as well. Sure, it's more predictable....but ask yourself....when was the last time that anyone in the EU developed or innovated ANYTHING.

Look at the US and look at ANY industry, pharma, entertainment and music, movies, sports, technology and communications, medical procedures and equipment, manufacturing, whatever.

The pure fact is that Americans still enjoy a median standard of living better than anyone in the world. Period. That was done on the back of capitalism. We thrived for a century with no free healthcare. It's only till recently that the "lower class" has learned they can vote themselves benefits and money.

When was the last time China developed ANYTHING. How many Nobel Prize winners does China have? They do a good job of reverse engineering and robbing intellectual investment, but they innovate NOTHING. Why doesn't china produce ANYTHING high end or revolutionary. They don't produce aircraft. They don't make an internationally competitive automobile.

Capitalism is a bitch. It has it's drawbacks, but I'll take capitalism over stagnating socialism any day.

"Capitalism is the unequal distribution of wealth. Socialism is the equal distribution of poverty." -W. Churchill.

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  #18 (permalink)
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ThatManFromTexas View Post
Wow... all that and Germany still maintains a large and healthy manufacturing sector pretty impressive for a "Socialist" government.

I think I better learn to .... spreche Deutsch

But don't nobody tell @RM99 .... his head will explode...

It's all borrowed time. Germany is in debt, 84% of their real GDP....and growing. Socialism is a giant game of musical chairs, when the music stops eventually, you'll have an entire generation of frownie faces.

I'm not a fan of living beyond my means and passing on my debt to my children.

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  #19 (permalink)
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RM99 View Post
Look at the following:

What is the median income (indexed) for an American from 1990-current. Then compare that to the average EU for the same. Then compare the rich for both parties.

You'll see that even though the rich are getting richer, it's dragging the "average" citizen along better.

The reason is that socialism doesn't grow as well. Sure, it's more predictable....but ask yourself....when was the last time that anyone in the EU developed or innovated ANYTHING.

Look at the US and look at ANY industry, pharma, entertainment and music, movies, sports, technology and communications, medical procedures and equipment, manufacturing, whatever.

The pure fact is that Americans still enjoy a median standard of living better than anyone in the world. Period. That was done on the back of capitalism. We thrived for a century with no free healthcare. It's only till recently that the "lower class" has learned they can vote themselves benefits and money.

When was the last time China developed ANYTHING. How many Nobel Prize winners does China have? They do a good job of reverse engineering and robbing intellectual investment, but they innovate NOTHING. Why doesn't china produce ANYTHING high end or revolutionary. They don't produce aircraft. They don't make an internationally competitive automobile.

Capitalism is a bitch. It has it's drawbacks, but I'll take capitalism over stagnating socialism any day.

"Capitalism is the unequal distribution of wealth. Socialism is the equal distribution of poverty." -W. Churchill.



I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #20 (permalink)
Fortitudo et Honor
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Gee, they're only 40 years behind. And how much of that was stolen/mooched techology. EVEN IF, I were to wipe that issue away, look at the "median" standard of living for a Chinese national and compare that to an American. In China, a family is considered wealthy if they own an automobile.

And the greatest point of all.....if these other places are so great....then why is there no emigration to these places. I don't see people signing up to move to China or Germany. (from the states)

In fact, I see people moving to Australia, where there's a nation the size of the US with 36 million people.

The REAL problem, the REAL problem that no one is talking about is birth rates. The problem with socialism is that it does not account for the number of genetically inferior, genetically recessive, essentially productively disadvantaged people that are multiplying exponentially faster than the productive and advantageous members of society.

Why are the people in the MOST advantageous position to reproduce and pass along their genes, having babies at a rate that's declining.

Why are the people in the WORST position having babies at an increasing rate?

It's the sign of the end. In 100 years, socialism will crash and fall on it's face, because the number of productive members of societies across the world are being overwhelmed and overtaken by the lower class.

The only thing that will save our societies, European and Western, is population control, immigration control, etc.

I could support socialist policies here in the states if it wasn't dolled out like candy to anyone who puts a hand out. But every liberal judge in America wants to give the same rights, the same benefits, the same societal BURDEN to ANYONE.

We cannot sustain this. Socialism will not survive without a paradigm shift in population control and member benefit discretion. Just ask the Chinese about this issue, they're already experiencing it. Just ask the Europeans about immigration, their problems with illegals and immigration make ours look small.

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