4 ms·

Care to clarify? I was never alive at either of those times, nor were my predecessors (all immigrated legally after that). I and my family have fairly earned

by mises 8y ago

Care to clarify? I was never alive at either of those times, nor were my predecessors (all immigrated legally after that). I and my family have fairly earned what we have. I agree there were past issues, but socialism/communism is worse in that it keeps taking every year after. And none of what you mentioned is a free market.

ranie93 8y ago
>I agree there were past issues, Are there current issues as well? [1][2] A main point is this (and I think its been mentioned elsewhere in this thread as well): An attack on the status-quo is not a promotion of socialism Our current implementations are a far cry from a free market. The entrenched powers and corporations don't want free markets-- its socialism for the rich, capitalism for the poor [3] [4] We'd have to start from scratch to attain a free market. And even then, the oft-quoted invisible hand of competitive markets falls flat in an increasingly opaque, complex world [5] It seems to me that you have a strong sense of what is fair. I urge you to look out into all the wealth of information we have and take a hard look to see if our current way of being is fair [6][7] [1] https://poverty.umich.edu/research-projects/policy-briefs/rising-wealth-inequality-causes-consequences-and-potential-responses/ https://poverty.umich.edu/research-projects/policy-briefs/ri... [2]https://www.imf.org/external/pubs/ft/sdn/2015/sdn1513.pdf https://www.imf.org/external/pubs/ft/sdn/2015/sdn1513.pdf [3]https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008 https://en.wikipedia.org/wiki/Emergency_Economic_Stabilizati... [4]https://www.theatlantic.com/business/archive/2016/07/social-mobility-america/491240/ https://www.theatlantic.com/business/archive/2016/07/social-... [5]https://en.wikipedia.org/wiki/Efficient-market_hypothesis https://en.wikipedia.org/wiki/Efficient-market_hypothesis [6]https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ [7]https://vimeo.com/129550053 https://vimeo.com/129550053

by mises 8y ago

ranie93 8y ago

>I agree there were past issues, Are there current issues as well? [1][2] A main point is this (and I think its been mentioned elsewhere in this thread as well): An attack on the status-quo is not a promotion of socialism Our current implementations are a far cry from a free market. The entrenched powers and corporations don't want free markets-- its socialism for the rich, capitalism for the poor [3] [4] We'd have to start from scratch to attain a free market. And even then, the oft-quoted invisible hand of competitive markets falls flat in an increasingly opaque, complex world [5] It seems to me that you have a strong sense of what is fair. I urge you to look out into all the wealth of information we have and take a hard look to see if our current way of being is fair [6][7] [1] https://poverty.umich.edu/research-projects/policy-briefs/rising-wealth-inequality-causes-consequences-and-potential-responses/ https://poverty.umich.edu/research-projects/policy-briefs/ri... [2]https://www.imf.org/external/pubs/ft/sdn/2015/sdn1513.pdf https://www.imf.org/external/pubs/ft/sdn/2015/sdn1513.pdf [3]https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008 https://en.wikipedia.org/wiki/Emergency_Economic_Stabilizati... [4]https://www.theatlantic.com/business/archive/2016/07/social-mobility-america/491240/ https://www.theatlantic.com/business/archive/2016/07/social-... [5]https://en.wikipedia.org/wiki/Efficient-market_hypothesis https://en.wikipedia.org/wiki/Efficient-market_hypothesis [6]https://www.epi.org/productivity-pay-gap/ https://www.epi.org/productivity-pay-gap/ [7]https://vimeo.com/129550053 https://vimeo.com/129550053