Forum Discussion
lots2seeinmyrv
Aug 06, 2019Explorer
Yosemite Sam1 wrote:JRscooby wrote:Grodyman wrote:
Truth is, you need wealthy people to invest in businesses and corporations that create jobs. When you take away the incentive, jobs are lost and the system collapses (Socialism).
This is the myth that has developed since the '80s. I'm reasonably sure that if there is no demand for a good or service, there will be no investment in businesses or corporations to create new jobs. Instead the try to buy existing business, merger, cut costs (Workers). While Socialism is considered a foul word, if Capitalism is not regulated by Government, or IMHO better, strong unions, the wealth will be concentrated in fewer hands until the middle class is only people that used to be rich.
Hear, hear, this is a knowledgeable view. This is Keynes economic theory which Reaganomics tried to replace with trickle down – giving tax breaks for companies to invest and expand without the underlying consumer demand. We got instead bigger deficit, higher borrowings and eventually 3 recessions. Looks like history will repeat this time again.
Let’s also update ourselves and not be scared-sh*tless with the word “socialism”. It’s not the 50’s or the 60’s anymore where this means Soviet Union nor Russia. The new economic-political system now refers to it as Democractic Socialism modeled by the Nordic countries: Denmark, Finland, Norway, Switzerland, etc. These countries have been surveyed to be the happiest and healthiest on earth with free college, universal healthcare, 48:1 CEO to worker pay gap (US is 354 times average worker), and comfortable social security pensions for seniors.
Update yourself:
Finland Government Collapse
The government has collapsed over their FREE stuff.
It is not FREE, they pay the high taxes for it.
They are a FRACTION of the population we have in this country. It will never work here.
You want "socialism"...plenty of successful (LOL) countries to go to.
About Campground 101
Recommendations, reviews, and the inside scoop from fellow travelers.14,716 PostsLatest Activity: Feb 10, 2025