Posted 8 years ago on June 30, 2012, 11 a.m. EST by goldstandard
This content is user submitted and not an official statement
Quote: “Everyone in the US in 2012 should be wealthy. We produce $15.4 trillion in goods and services every year. That is just under $50,000 per year for every man, woman and child. That is $200,000 per year for a family of 4. That is $65 per hour for each hour every worker works. That is $135,000 per year for every full-time worker.” End of Quote.
The preamble to this other thread is so, well, unusual that one is tempted to believe it is just satire.
But if we assume for a moment that it is a serious attempt at offering an alternative to today’s economic framework, then it becomes serious.
Just the calculation of the available monetary pool for distribution to all the workers alone is so utterly flawed and obtuse, it is an insult to serious objectors to the present system. Let alone all the madcap rest. It is not cognisant of any costs of materials, energy, capital costs, transport and many others which have components of imported costs and not related directly to man-hours worked. Ideas such as these are an embarrassment to the cause and are simply put ‘nuts’. The US is just not producing enough wealth to go round anymore, that's why there is such a huge amount of money being printed to cover the demands of the people. But for how much longer?
But let’s try capitalism for a change!
Not the corporate fascism we endured for the last century or so. There is no alternative to real capitalism! The Russians, Chinese, Vietnamese, North Koreans etc, all tried it and see where it got them. Then the Europeans embarked on their own version of a centrally controlled economy called socialism, and they’re totally bankrupt and no amount of money printing will safe them.
It is just not the way the economy, nature, or the entire universe works.
Life is not fair, as some would whine and whinge, but it is the way of the universe.
Controlling wages, prices, costs, interest rates, markets, none of it works; it is just not meant to work like that. But it's happening now in this country, day and night in every market and see where it brought us, to total bankruptcy with no way out.
Some countries have minimally embarked on the insanity of socialism and controlled economies, and they’re the ones who are surviving the best in a harsh world, Austria, Switzerland, Finland and Germany to some extent are some examples. They got there the old fashioned way, education, hard work, thriftiness, adaptation and innovation; all the necessary ingredients for success for every creature in this entire universe. And of course the languid, profligate, socialist countries cry for their money to bail them out!
Live is not fair – No actually ‘Life IS Fair’!
After all, if you ever wondered, this IS the purpose of Life; ‘Reward for Effort’.
As the saying goes: “There is no glory (success/reward) for a lazy person, however good looking”! (Just being born does not entitle anyone)
Every animal in the wild will teach you this; every plant and creature is subject to this law of the ‘Economy of Nature’. Just humans believe that they can flout these laws of nature’s economy. But everything they try just won’t work.
Socialism is not compassion, it engenders the opposite and unintended side effects, controlled prices and wages are not part of the nature of the human economy, they totally distort the markets and misdirect resources in wasteful ways. It just won’t work, it’s been tried time and again, and never with success! But true capitalism has always worked, not the crony capitalism cum corporate fascism as practised in the US and some other parts.
- Firstly, honest money is needed, that is a 100% gold backed currency that is beyond the grasp of politicians and Bankers.
- A framework for fair trading rules needs to be in place, which is enforced!
- Real democracy, which is devolving decision making and responsibility to the people, as practised in Switzerland. Direct Democracy.
Such a framework will ensure that the will of the people is followed for which they take full responsibility, capitalism actually works for the people, and money is not a tool of power for bankers and can not be created or abused by politicians.
Everything else is wishful thinking, and quite frankly, obtuse poppycock and a disservice to honest attempts at creating a fairer and more equitable world, where 'Effort really equals Reward' and opportunities abound to fulfil everyone’s aspirations.