A white perspective of Racism and White Privilege in the US

[basilio]

Are you suggesting that communism is the answer for everyone getting decent jobs and better pay?
Communism has failed in Russia, Cuba, Venezuela, North Korea, even China until they embraced capitalism. Communism has always led to death and disaster; recorded history speaks for itself.

Where did I suggest that ? In any way shape or form where did I say Communism was great ?
Get a grip will ya and stop making up BS assertions.

Between 1950 and 1980 the Western Capitalist model has been capable of providing a very good quality of life for most of its people. It combines the initiative and drive of private enterprise with a solid Government contribution of good governance, national infrastructure support and a legal system which enables all members of society to flourish.

That includes Labour organisations as well because one of the overriding realities of an unfettered capitalist system is that individual workers will always be at the mercy of stronger capitalists. When that happens wages are crushed. People go into poverty The country quickly divides into a rich/poor community.

Of course that doesn't represent a problem for your average billionaire.

 

[Chronos-Plutus]

Where did I suggest that ? In any way shape or form where did I say Communism was great ?
Get a grip will ya and stop making up BS assertions.

Between 1950 and 1980 the Western Capitalist model has been capable of providing a very good quality of life for most of its people. It combines the initiative and drive of private enterprise with a solid Government contribution of good governance, national infrastructure support and a legal system which enables all members of society to flourish.

That includes Labour organisations as well because one of the overriding realities of an unfettered capitalist system is that individual workers will always be at the mercy of stronger capitalists. When that happens wages are crushed. People go into poverty The country quickly divides into a rich/poor community.

Of course that doesn't represent a problem for your average billionaire.

No need to get emotional now.

Why don't you try offering solutions rather than screaming about how bad capitalism is at the moment.

Solutions that aren't based on the emotive jealousy of other's success.

 

[SirRumpole]

I think you're misguided. I would rather live in a world where the individual is free to pursue and seek what they wish; whether it be fortune, fame, glory or knowledge; or a combination there of.
There are no guarantees in life and we don't live in a perfect world.
Capitalism as it stands at the moment, could be more fair to those who are talented and hard working, no question about it; but communism is certainly not the answer, if this is what you're suggesting.

I don't think for one minute that basilio is suggesting communism, why do people always have to think in extremes ?

From an economic point of view, capitalists can only make money when the masses have the money to buy what they are selling. 60% of Australian consumption is domestic, so the concentration of wealth in the hands of a few is counterproductive to the good of the economy. Money has to keep going around otherwise businesses die. So yes, let as many people as possible get rich because then they spend and keep businesses in business.

PS, I'm not sure this is the right thread to be discussing economics.

 

[Chronos-Plutus]

I don't think for one minute that basilio is suggesting communism, why do people always have to think in extremes ?

From an economic point of view, capitalists can only make money when the masses have the money to buy what they are selling. 60% of Australian consumption is domestic, so the concentration of wealth in the hands of a few is counterproductive to the good of the economy. Money has to keep going around otherwise businesses die. So yes, let as many people as possible get rich because then they spend and keep businesses in business.

PS, I'm not sure this is the right thread to be discussing economics.

At the end of the day, if someone doesn't want to live in the current system; they are free to find a group of people, buy a plot of land and build their own little self-sustainable community. Capitalism allows this freedom and many people have done it.

 

[Chronos-Plutus]

I don't think for one minute that basilio is suggesting communism, why do people always have to think in extremes ?

From an economic point of view, capitalists can only make money when the masses have the money to buy what they are selling. 60% of Australian consumption is domestic, so the concentration of wealth in the hands of a few is counterproductive to the good of the economy. Money has to keep going around otherwise businesses die. So yes, let as many people as possible get rich because then they spend and keep businesses in business.

PS, I'm not sure this is the right thread to be discussing economics.

We as a collective make people rich. Shopping on Amazon makes Bezos rich; spending time on Facebook makes Zuckerberg rich; buying and using Microsoft products makes Gates rich etc etc. If people are angry that such people are so rich, then they should just not make them richer by contributing to their wealth. In capitalism, the individual is free to live and spend their wealth as they please. Personally I give them credit for their success.

 

[wayneL]

I think many are just jealous of other people's success. Most of the top 1% today, in the USA, came from modest wealth. Bezos, Zuckerberg, Gates, Buffett etc. These guys made their fortunes, a great deal of luck, timing and help from others; but they came from little.

Indeed.

But they quickly become corporatists like others.

 

[SirRumpole]

At the end of the day, if someone doesn't want to live in the current system; they are free to find a group of people, buy a plot of land and build their own little self-sustainable community. Capitalism allows this freedom and many people have done it.

They also have the freedom to form political parties , get people to vote for them , get into government and change the system.

Democracy allows this freedom and many people have done it.

 

[SirRumpole]

We as a collective make people rich. Shopping on Amazon makes Bezos rich; spending time on Facebook makes Zuckerberg rich; buying and using Microsoft products makes Gates rich etc etc. If people are angry that such people are so rich, then they should just not make them richer by contributing to their wealth. In capitalism, the individual is free to live and spend their wealth as they please. Personally I admire these guys, and give them credit for their success.

Collective ? We are all individuals !

 

[Chronos-Plutus]

Collective ? We are all individuals !

That's correct. Individuals who choose to use their products. Which collectively makes them rich. Another example is buying movie tickets because you like an actor. If no one bought a movie ticket because a certain actor was in a film, then the actor would be poor; if many individuals choose to buy a movie ticket because a certain individual is in a movie; then we collectively make the actor rich. Another example is music artists or athletes.

 

[Chronos-Plutus]

Indeed.

But they quickly become corporatists like others.

The same applies to corporations. The individual is free to choose if they want to buy the brand of coffee they desire, free to buy the airfare from the airline that they choose, free to bank with their favourite bank, free to study at which university that they wish etc etc etc.

 

[Chronos-Plutus]

They also have the freedom to form political parties , get people to vote for them , get into government and change the system.

Democracy allows this freedom and many people have done it.

Absolutely, we live in a capitalist society that is governed by democracy.

 

[sptrawler]

I don't think for one minute that basilio is suggesting communism, why do people always have to think in extremes ?

From an economic point of view, capitalists can only make money when the masses have the money to buy what they are selling. 60% of Australian consumption is domestic, so the concentration of wealth in the hands of a few is counterproductive to the good of the economy. Money has to keep going around otherwise businesses die. So yes, let as many people as possible get rich because then they spend and keep businesses in business.

PS, I'm not sure this is the right thread to be discussing economics.

That is why Australians enjoy one of the highest basic wages and one of the best welfare states in the World, the only problem is, those who enjoy it dont realise it.

 

[macca]

I would rather live in a world of capitalism, with all its imperfections, than a communist world where everyone is dead poor.

Not everyone is dead poor, the ruling party are very comfortable thank you

 

[Chronos-Plutus]

Not everyone is dead poor, the ruling party are very comfortable thank you

That's true. Castro, Stalin, Kim, Mao and Maduro lived/live in luxury while their people starved/starve to death.

 

[Smurf1976]

If you checked out the graph I posted and the website you would see that pre 1980 economic progress had been made across the whole economy. Since then whether it was the US, USSR/Russia the countries wealth has flowed to the richest and hang the rest.

As agreed in 1975, the entire world economic order at that point was thrown on the scrapheap and replaced with a race to the bottom on price alone. A race that could only ever be won by those willing to cut more corners than anyone else whilst a few reaped the rewards.

That we don't manufacture cars in Adelaide, that we don't manufacture tools in Hobart or steel in Perth, that we haven't addressed climate change and that we've got unaffordable housing are all ultimately tied to that as is our "reliance" on exploiting cheap labour overseas and running up debt which can never be repaid.

Politically, the big barrier to progress is that all sides struggle to admit they stuffed up. Both major parties in any Western democracy were on board with it all and most of the minor parties weren't much better. It's all tied together but the problem is that neither the Left nor the Right is willing to admit it.

Looking at the investment implications of all this, well if there's one thing that everyone has hopefully learned over the past few months it's that the unthinkable can not only happen but it can happen rather quickly.

Anyone who thinks concepts such as free trade and the current taxation regime are a given, is taking a rather large gamble. We could well see 90% tax rates and tariffs on pretty much everything - indeed the US had a 91% top rate until 1963 and the top marginal tax rate didn't drop below 70% until 1981. Here in Australia businesses were constrained by the Prices Justification Tribunal, imports were mostly subject to tariffs and so on.

We could of course see a move in the opposite direction or some sort of hybrid. Anything's possible and we're living in a world where the "debate" may well be non-existent in practice. You wake up and it's in. Done.

All this stuff is temporary in nature, change occurs, and anyone who thinks the current state of affairs is permanent could well find themselves in for a very rude shock. Invest with this in mind noting that race riots do, if they escalate, have the potential to be a trigger for change which could be in any direction and at very short notice.

 

[moXJO]

We have the usual provocateurs trying to kick start violence amongst protesters.
Noticed it coming from the top by leftist twats.
Blacks are not your pawns. Don't hijack their issues to further your own.







Don't try and whip up any further division you flog. You ain't the one that wears the cost.

Can't incite a riot, so staffer has to do it?

One of the two women charged with defacing a Captain Cook statue in Sydney's Hyde Park has been identified as a part-time worker within Greens MP David Shoebridge's office.

 

[Chronos-Plutus]

Can't incite a riot, so staffer has to do it?

One of the two women charged with defacing a Captain Cook statue in Sydney's Hyde Park has been identified as a part-time worker within Greens MP David Shoebridge's office.

These public servants should be banned from working for the Federal, State or Local government; or any political party. Damaging Australian heritage should be punished with hefty fines and a ban from all public service in any capacity.

 

[wayneL]

Here's and interesting on topic perspective. Could've easily gone in the Lunatic Left thread too, but here we are



And have a look what it used to be like

 

[wayneL]

Sow to the wind, reap a whirlwind.

https://www.newsweek.com/all-member...e-union-president-over-chief-kneeling-1510637



The entire special weapons and tactics (SWAT) Team of the Hallandale Beach Police Department resigned on Friday in response to Police Chief Sonia Quinones kneeling alongside protesters demonstrating against anti-black police brutality.


On Friday, City Manager Greg Chavarria received a memorandum dated June 9 from members of SWAT team. In the memo, the officers submitted their resignation. One of the officers was the newly elected president of the International Union of Police Associations (IUPA) Police Union......

 

[wayneL]

Awesome podcast, sober, balanced.... If you have a spare hour I really recommend this one