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radx (Member Profile)

enoch says...

ok....i come to you for your opinion on my new favorite political scientist.this is the man who predicted brexit and trump,and his ability to depoliticize complex political and economic dynamics is just beautiful.(or maybe i just like the fact that it sounds like i am getting schooled by shrek)

i have watched pretty much every one of his lectures,and i cannot find a flaw in his logic.he appears to have his finger on the pulse of our global economic situation.

but economics has never been my strong suit.i have always struggled with economics.so i come to you,hat in hand,and ask if maybe my adoration is misplaced.

totally worth the time:
https://videosift.com/video/mark-blythe-global-trumpism-lecture

Doubt - How Deniers Win

bcglorf says...

I'm guess from you're tone your American, or at least only figure Americans are going to be reading? You note that 'we' can't get to the moon, while Chinese rovers navigate it's surface. You note with alarm what coastal Florida will face from sea level rise, and not an entire nation like Kiribati. When we look at a global problem we can't ignore technology just because it's Chinese, or focus so hard on Florida's coast we ignore an entire nation in peril.

Sea levels aren't going to be fine in 2099 and then rise a foot on the eve of 2100. They will continue to rise about 3mm annually, as they have already for the last 100 years.(on a more granular level slightly less than 3mm nearer 1900 and slightly more nearer 2100 but the point stands). Coastal land owners aren't merely going to see this coming. They've watched it happening for nearly 100 years already and managed to cope thus far. Cope is of course a bad word for building housing near the coast and at less than a foot above sea level. It's like how occupants at the base of active volcanoes 'cope' with the occasional eruption. All that is to say, the problem for homes built in such locations has always been a matter of when not if disaster will strike. The entire island nation of Kiribati is barely above sea level. It is one tsunami away from annihilation. Climate change though is, let me be brutally honest, a small part of the problem. A tsunami in 1914 would've annihilated Kiribati, as a tsunami today in 2014 would, as a tsunami in 2114 would. And we are talking annihilate in a way the 2004 tsunami never touched. I mean an island that's all uninhabited, cleared to the ground and brand new, albeit a bit smaller for the wear. That scenario is going to happen sooner or later, even if the planet were cooling for the next 100 years so let's be cautious about preaching it's salvation through prevention of climate change.

Your points on food production are, sorry, wrong. You are correct enough that local food growth is a big part of the problem. You are dead wrong that most, or even any appreciable amount is to blame on climate change now or in the future. All the African nations starving for want of local food production lack it for the same reason, violence and instability. From this point forward referenced as 'men with guns'. The people in Africa have, or at least had, the means to grow their own food. Despite your insistence that men with guns couldn't stop them from eating then, they still did and continue to. A farmer has to control his land for a whole year to plant, raise and harvest his crop or his livestock. Trouble is men with guns come by at harvest time and take everything. In places like the DRC or Somalia they rape the farmer's wife and daughters too. This has been going on for decades and decades, and it obviously doesn't take many years for the farmer to decide it's time to move their family, if they are lucky enough to still be alive. That is the population make up of all the refugee camps of starving people wanting for food. It's not a climate change problem, it's a people are horrible to each other problem. A different climate, better or worse growing conditions, is a tiny and hardly worth noting dent in the real problem.
CO@ emission restrictions do not equate to global economic downturn, they could just as easily mean global economic upturn as new tech is adopted and implemented.
I stated meaningful CO2 emission changes. That means changes that will sway us to less than 1 foot of sea level change by 2100 and corresponding temperatures. Those are massive and rapid reductions, and I'm sorry but that can not be an economic boon too. I'm completely confident that electric cars and alternative or fusion power will have almost entirely supplanted fossil fuel usage before 2100, and because they are good business. Pushing today though for massive emission reductions can only be accomplish be reducing global consumption. People don't like that, and they jump all over any excuse to go to war if it means lifting those reductions. That's just the terrible nature of our species.

As for glaciers, I did read the article. You'll notice it observed that increasing the spatial resolution of models changed the picture entirely? The IPCC noted this and updated their findings accordingly as well(page 242). The best guess by 2100 is better than 50% of the glaciers through the entire range remaining. The uncertainty range even includes a potential, though less likely GAIN of mass:
. Results for the Himalaya range between 2% gain and 29% loss to 2035; to 2100, the range of losses is 15 to 78% under RCP4.5. The modelmean loss to 2100 is 45% under RCP4.5 and 68% under RCP8.5 (medium confidence). It is virtually certain that these projections are more reliable than in earlier erroneous assessment (Cruz et al., 2007) of complete disappearance by 2035.

If you still want to insist Nepal will be without glaciers in 2100 please provide a source of your own or stop insisting on contradicting the science to make things scarier.

Doubt - How Deniers Win

newtboy says...

I didn't say any such thing.
A large percentage of farm land is going to be lost by displaced people and lack of water.
A large percentage of people, those who live less than 1 foot above sea level will be displaced.
Just wow, you think we can build dykes around Florida? New Orleans is not the only low lying city in the world, you know.
We would have to start from scratch. The tech is abandoned, there's not a concord to get on no matter how much you pay, nor is there a rocket that can make it to the moon, no matter how much funding you throw at NASA, just plain old gone. We would have to start from scratch again. We're trying to use 40+ year old Russian rockets just to go to the space station, we can't even get there on our own, how do you assume we can just go back to the moon?

Food production where it's needed is the issue. The men with guns are also an issue, but even without them there's simply not enough food where people are starving. I'm not talking about instances where dictators starved their people intentionally, I'm talking about the billions of people who are lacking food because of either economic or climate pressures, or often both. If people in Africa could grow their own food, the men with guns could not stop them from eating, but no water, no fertilizer, and no seed make that impossible. We do NOT have 'more than enough food', we may have near exactly enough food if it were perfectly distributed throughout the world (accounting for spoilage, probably not though). Perfect distribution is impossible, so there's not enough food. Period.
Another reason Africa has massive crop failures is lack of water. It's a much larger reason than displacement, not smaller.

CO2 emission restrictions do not equate to global economic downturn, they could just as easily mean global economic upturn as new tech is adopted and implemented. If you implement enough new tech to reduce emissions, the new industry will be more productive, create more jobs, and be better for the economy than 'staying the course' and giving it all to Texaco.
My point. No matter what we do, we are likely going to see the same climate changes through the next 100 years, it takes at least that long for the gasses to be absorbed.

Dude, did you read the link you posted? It said one glacier is stable, the rest are melting FAST. One glacier will not keep India, Tibet, Bhutan, Pakistan, etc wet, nor will it supply any other area that survives on glacier water. They showed that only one odd, incredibly high glacier was stable(they mentioned it's on K2, the highest mountain in the world, so don't even try to say there are lots more stable glaciers around the world, from what they said it's only this ONE mountain range, in the tippy top of the Himalayas, that's high enough and in the right weather pattern to be stable.)

bcglorf said:

Then slow down with theories of our impending demise, the IPCC doesn't support it. You want to talk about not denying the science, then you don't get to preach gloom and doom. Don't claim a large percentage of farmland is going to be lost to sea level rise by 2100. Don't claim coastlines are going to be pushed back 10 miles by a worst case 1 foot rise of sea level by 2100.

We are talking about advancements solving problems like a maximum sea level rise of a foot in the next 100 years, with best guesses being lower than that. I think it's modest to suggest our children's children will have figured out how to raise the dikes around places like New Orleans by a foot in the next 100 years.
The concord and moon trips are no longer happening because they are expensive. We can do them if we needed to, and more easily than the first time around. Finding out people aren't willing to pay the premium to shave an hour off their flight doesn't mean the technology no longer exists. Just because America no longer needs to prove they can lift massive quantities of nuclear warheads into orbit doesn't mean we couldn't still go to the moon again if it was needed. There's just no reason to do it, the tech exists still none the less.
Yes, there are social problems that confound the use of new technology. You fail to notice that is also the problem with feeding everybody. Food production isn't the problem, but rather the men with guns that control distribution. Stalin's mass starvation of millions was a social problem, not climate change or technology. Mao's was the same. North Koreas the same. All over Africa is the same. We have more than enough food, and plenty of charities work hard to send food over to places like Africa. Once the food gets there though the men with guns take most of it and people still starve. The reason Africa has so many crop failures is the violent displacement of the farmers. Exactly the same problem that saw millions starve in Russia, China and North Korea.
You are right that a changing climate could compound Africa's ag industry a bit, but it's a small hit compared to the violent displacement problem. Also, don't neglect to consider to impact of meaningful CO2 emission restrictions around the globe. A large scale global economic downturn probably means a lot more war, bloodshed, and starvation. If you do not reduce emissions enough to trigger that downturn and instead just 'marginally', you get stuck with both because Africa is still going to see virtually the same climate changes through the next hundred years.

And if you are worried about losing the glaciers in the Himalayas by 2100 there is very good reason to believe that's gonna be alright:
http://www.princeton.edu/main/news/archive/S41/39/84Q12/index.xml?section=topstories

Doubt - How Deniers Win

bcglorf says...

Then slow down with theories of our impending demise, the IPCC doesn't support it. You want to talk about not denying the science, then you don't get to preach gloom and doom. Don't claim a large percentage of farmland is going to be lost to sea level rise by 2100. Don't claim coastlines are going to be pushed back 10 miles by a worst case 1 foot rise of sea level by 2100.

We are talking about advancements solving problems like a maximum sea level rise of a foot in the next 100 years, with best guesses being lower than that. I think it's modest to suggest our children's children will have figured out how to raise the dikes around places like New Orleans by a foot in the next 100 years.
The concord and moon trips are no longer happening because they are expensive. We can do them if we needed to, and more easily than the first time around. Finding out people aren't willing to pay the premium to shave an hour off their flight doesn't mean the technology no longer exists. Just because America no longer needs to prove they can lift massive quantities of nuclear warheads into orbit doesn't mean we couldn't still go to the moon again if it was needed. There's just no reason to do it, the tech exists still none the less.
Yes, there are social problems that confound the use of new technology. You fail to notice that is also the problem with feeding everybody. Food production isn't the problem, but rather the men with guns that control distribution. Stalin's mass starvation of millions was a social problem, not climate change or technology. Mao's was the same. North Koreas the same. All over Africa is the same. We have more than enough food, and plenty of charities work hard to send food over to places like Africa. Once the food gets there though the men with guns take most of it and people still starve. The reason Africa has so many crop failures is the violent displacement of the farmers. Exactly the same problem that saw millions starve in Russia, China and North Korea.
You are right that a changing climate could compound Africa's ag industry a bit, but it's a small hit compared to the violent displacement problem. Also, don't neglect to consider to impact of meaningful CO2 emission restrictions around the globe. A large scale global economic downturn probably means a lot more war, bloodshed, and starvation. If you do not reduce emissions enough to trigger that downturn and instead just 'marginally', you get stuck with both because Africa is still going to see virtually the same climate changes through the next hundred years.

And if you are worried about losing the glaciers in the Himalayas by 2100 there is very good reason to believe that's gonna be alright:
http://www.princeton.edu/main/news/archive/S41/39/84Q12/index.xml?section=topstories

newtboy said:

Slow down with the theories that our 'advancements' will solve all problems, not create more, because all the things you listed have been fairly disastrous in the long run, many being large parts of the issue at hand, climate change, and things like putting a man on the moon or traveling the globe in hours have gone backwards, meaning it was simpler to do either 35-45 years ago than it is today (we can't get to the moon with NASA today, or get on a concord). Assuming new tech will come along and solve the problems we can't solve today is wishful thinking, assuming they'll come with no strings attached means you aren't paying attention, all new tech is a double edged sword in one way or another.
IF humans could harness their tech, capital, and energy altruistically, yes, we could solve world hunger, disease, displacement, etc. Humans have never in history done that though.
We already can't feed a large percentage of the planet. If a large percentage of farmable land is lost to sea level rise (won't take much) and also a large population displaced by the same (a HUGE percentage of people live within 10 miles of a coast or estuary), we're screwed. It will mean less food, less land to grow food, more displaced people, less fresh water, fewer fisheries, etc. We can't solve a single one of these problems today. What evidence do you have we could solve it tomorrow, when conditions will be exponentially less favorable?
For instance, something like 1/3 of the population survives on glacial water. It's disappearing faster than predicted. There's simply no technology to solve that problem, even desalination doesn't work to get water into Nepal. People seem to like water and keeping their insides moist, how would you suggest we placate them?

How To Beat Flappy Bird (Best Method)

Chairman_woo says...

1. So you are suggesting people who live on 40p a day would give two squirty shits about a smartphone? That is a result of global economic issues of which one person smashing a phone (they presumably own) is negligible to the point of complete irrelevance. Non sequitur, if this is really a concern to you then you need to go after the corruptions and inequalities in our very financial system. Handing down a phone (which is likely near the end of its useful life anyway) is not going to change anything of significance here.

2. I'm suggesting you are making an entirely subjective value judgement about the pleasure and practical use one could derive from the same investment of money/material. Lets not forget he generated around $7000 of personal income from a £50-100 investment. But more than that, perhaps to some people the pleasure and entertainment of smashing that phone was comparable to other activities that might cost the same (e.g. a night of drinking or a weekend away could easily exceed the cost of that handset). Are you suggesting spending £50-100 on leisure activities etc. is morally reprehensible? Let's not forget "smartphones" don't do anything essential for most people, they are luxury items. If you have a problem with 1st world culture that's absolutely fine (laudible even) but you can't be singling out this guy for making a very successful comedy skit when there are people everywhere who's lifestyles could be politely described as "a decadent waste of atoms".

3. Absolutely nothing is stopping that smashed phone from being recycled, many shops would give you a £50-100 trade in on a new handset even in that state as they are typically just melted down anyway (and your new shiny phone contract is worth more to them than caring about the state of your bag of broken phone bits).

Besides as a matter of pedantry my point clearly stands, doing NOTHING in a drawer is clearly inferior to generating $7000, and providing 2mins of hillarity!?!?!?!? (the comparison was between hammer and drawer not drawer and charity) What you did there was called a "straw man" (i.e. twist my word's to make a different argument that helps make your own point)

4. The phone is old and they are not built to last (again feel free to rant on our disposable culture but leave this guy out of it) as @Payback pointed out it's probably knackered anyway.


Somewhere in your argument is some righteous and commendable rage about the inequalities of the global market but you're focusing it in the wrong direction here. Be angry at the CEO and shareholders of Samsung who profit from human death and suffering in the Coltan mines, the Corrupt banks that hold a fake debt over the poor populations of the world or the Complicit governments that support them. Or maybe go after the Ideologues and philosophers that conceived and spread the culture of consumer and corporate greed driven economics.


Basically anything but rage at this guy for making a IMHO pretty funny video on a budget that utterly pales into insignificance compared to just about anything else.



Could he have handed it down? Sure. Could he have traded it for a crate of jack Daniels, a half ounce of weed, an animatronic chicken alarm clock, a present for his wife etc. etc. etc.?

Your argument taken to its logical conclusion would condemn anyone that spends money or resources on anything other than practical necessities or charity. I'm not saying that's what you meant, but that's what your argument as stated invites.

A10anis said:

1; £50-£100 may not be much to you, but there are countries where the population exist on around 40 pence a day, I'm sure they would consider it a lot of money.

2; You saying; " smashing it with a hammer is no different to most of the mindless procrastination they get used for anyway," is rather silly. A Non-sequitur.

3; It doesn't beat "languishing in a drawer." Money - albeit a small amount- can be made from old phones or, if you care, given to someone who can't afford one. That, incidentally, is the major point I was trying -unsuccessfully it seems - to make.

Multi-Millionaire Rep. Says He Can’t Afford A Tax Hike

heropsycho says...

I want to repeat first your original claim is the US outproduced the rest of the world many fold from 1700 to 1900, which as I stated is absurdly false.

Percentage of increases is NOT total GDP. Just because we grew more doesn't mean we outproduced another country. Higher GDP = higher production.

Right now, China's economy is growing faster than the US economy. Does that mean their GDP is higher? According to you, apparently, the answer is yes, but it's not. US GDP is higher than China.

Of course, this also doesn't take into account that population impacts GDP, as the larger your population, the more labor resources you have to produce goods and services. GDP per capita also comes into play in factoring relative productivity.

Using your own link, Great Britain's total GDP was higher than the US all the way up to 1913. Therefore, sometime between 1870 and 1913, the US GDP surpassed Britain and every other country on earth in raw amounts, but to claim we did from 1820 - 1913 is by your own data patently false. We outgrew everyone else, this is true, but we did not outproduce everyone else that entire time. In fact, for most of that time, we were outproduced by several Western European countries in raw amounts.

Then there's the question of GDP per capita.

In 1913, US population is estimated to be about 100,000,000. 517,000/100000000=0.00517

In 1913, the British population is estimated to be about 45,000,000. 225000/45000000 = 0.005.

IE, RIGHT ABOUT around 1913 the US began to be more productive per capita than Great Britain, but for most of 1870 to 1913 (and prior), Great Britain outproduced the US per capita. Therefore, your assertion the US outproduced every other country on earth per capita is wrong, and Great Britain outproduced the US in raw amount in 1870.

As I said, most historians do not consider the US an economic superpower until at least WWI. There's ample explanation for this. Great Britain industrialized before the US did. The US also suffered a massive interruption in economic production due to the US Civil War in the 1860s. This is plain as day fact, even with your own data you're providing.

And btw, what were the contributing factors to the US surge in production? Industrialization coupled with massive immigration. To discount the role of immigration into the US as a key contributor and say it was all about free market economics is ridiculous. Are you suggesting we need to allow Mexicans and anyone else to immigrate into the US again?! We also cashed in on imperialist gains at the expense of Mexico, gaining a massive amount of natural resources in the Mexican Cession. You don't honestly think the US Industrial Revolution would have been as wildly successful as it was without that massive resource of various metals, do you? So we're supposed to start taking land from other countries because it's god's will?

And now, to my absolute favorite part of your analysis. You attempted to show the US's slowing economic growth in the 20th century compared to the previous century, because that central banking and regulation we got post 1913 apparently really hurt us.

1820 - 1870 = 50 years
1870 - 1913 = 43 years
1913 - 1950 = 37 years
1950 - 1973 = 23 years
1973 - 1998 = 25 years

So how much did we grow comparing 1870-1913 vs 1950 - 1998, over a comparable time span?

526% vs. (7394598-1455916)/1455916 = 407%

Considering how unproductive humans were before and after industrialization, improving on top of that another 407% is EXTREMELY impressive. On top of that, US economic output was severely reduced because of the Civil War in the 1860s and had not recovered from it by any stretch of the imagination, so simply recovering from that would fuel a massive percentage increase. By 1950, we had already recovered from the Great Depression, and we STILL managed to grow the US economy 4x in the next 50 years.

Now, on top of that, keep in mind that with smaller numbers, percentage growth gets exaggerated compared to bigger numbers. IE, it's easier to double when you start with 1 than 1,000,000.

From 1820 to 1913, US GDP went from 12,548 to 517,383. From 1913 to 1998, we went from 517,383 to 7,394,598! That's less successful?! OH POOR US!

Compared to the rest of the world, we didn't grow as fast percentage wise from 1950-1998. We did however grow the most in raw amounts. By your analysis, Mexico has done a better job growing their economy from 1973 to 1998 than the US did because of percentage growth. Uhh, seriously?! growing 279,302 to 655,910 is more impressive than 3,536,622 to 7,394,598?! Then WHY ARE MEXICANS TRYING TO IMMIGRATE HERE!?

Why is Africa, Asia, etc. growing so much faster than we did? Because they are industrializing, which results in percentage gains greater than the switch to info tech because they're starting from a very low number. That doesn't mean they're outproducing us. It means they have more low hanging fruit to improve their productivity than we do. You're also cherrypicking another historically convenient time. Europe and Asia in 1950 were still recovering from the destruction of WWII, where entire cities were leveled. Simply rebuilding from that would give a massive boost. US industrial capacity was never threatened during WWII. Therefore, we won't start suddenly artificially lower in 1950 compared to a Japan, China, Germany, Britain, France, or Russia.

Your historical analysis is laughable. I have never seen anyone claim that the US economy was better off from 1800-1900 than they have been from 1900-2000. Kudos for attempting to provide statistics for your crackpot retelling of American history.

>> ^marbles:

>> ^heropsycho:
Except you're completely, utterly, 100% wrong about when the US became an economic superpower.
Most historians do not recognize the US as a global economic or military superpower until at least WWI, and it's hard to argue that even then because the US paled in comparison to the likes of Britain until WWII, so your claim we outproduced every other country many times over from 1700-1900 is absurdly and patently false. The 16th Amendment was ratified in 1913 (just prior to WWI), which allowed constitutionally for the first time a federal income tax. The Federal Reserve Bank was also established in 1913, which I guess is what you're referring to as "central banking". The US was undoubtedly recognized as a global Superpower, both economically and militarily, by the end of WWII, some 30+ years later, and it's been one undoubtedly ever since, with the FED and the federal income tax in existence that entire time. During that time, the US has outproduced economically every other country on earth with the dreaded "central bank" and federal income tax you think is destroying our economy.
You might actually want to look stuff up before you say something that grossly incorrect.
>> ^marbles:
>> ^raverman:
... Let me introduce you to the period of history from 1700 - 2000.
Specifically the industrial revolution, the breaking of the class system in the UK, the empowerment of the middle class as both consumers and producers.
...

Look a little bit closer, like 1700-1900, where there was no tax on production (i.e. income tax) and limited periods of economic central planning (i.e. central banking). The US became an economic powerhouse, outperforming the rest of the world many times over.
Imagine that, economic freedom leading to economic prosperity. What a fluke, right?


Don't let facts get in the way of your clouded thinking.
http://www.theworldeconomy.org/MaddisonTables/MaddisontableB-18.pdf
We were the most prosperous country in the world prior to income taxes and the federal reserve.
In 1820, US GDP was less than 2% of the world's GDP. By 1913, US GDP was more than double any other country and 1/5 of the world's. Funny thing about freedom, it works.
From 1820 to 1870, US GDP increased 784% while the world GDP had only increased 59%. From 1870 to 1913, US GDP increased 526% while the world GDP had only increased 246%.
Period, Increase in US GDP, Increase in World GDP
1820 to 1870, 784%, 59%
1870 to 1913, 526%, 246%
1913 to 1950, 281%, 197%
1950 to 1973, 243%, 300%
1973 to 1998, 209%, 210%
And if you do the math per capita, the numbers are even uglier for the US 20th century.
But not surprising one thinks that printing money to pay for bombs and tanks makes a country prosperous. How's that government stimulus working out present day? Funny we still haven't paid off that debt from WWII stimulus. We've being paying the interest on it though.
Did expanding the monetary base (i.e. inflation) make us richer? The father of the theory that government stimulus is the way to fight severe downturns, John Maynard Keynes, famously said about inflation:
By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

Multi-Millionaire Rep. Says He Can’t Afford A Tax Hike

marbles says...

>> ^heropsycho:

Except you're completely, utterly, 100% wrong about when the US became an economic superpower.
Most historians do not recognize the US as a global economic or military superpower until at least WWI, and it's hard to argue that even then because the US paled in comparison to the likes of Britain until WWII, so your claim we outproduced every other country many times over from 1700-1900 is absurdly and patently false. The 16th Amendment was ratified in 1913 (just prior to WWI), which allowed constitutionally for the first time a federal income tax. The Federal Reserve Bank was also established in 1913, which I guess is what you're referring to as "central banking". The US was undoubtedly recognized as a global Superpower, both economically and militarily, by the end of WWII, some 30+ years later, and it's been one undoubtedly ever since, with the FED and the federal income tax in existence that entire time. During that time, the US has outproduced economically every other country on earth with the dreaded "central bank" and federal income tax you think is destroying our economy.
You might actually want to look stuff up before you say something that grossly incorrect.
>> ^marbles:
>> ^raverman:
... Let me introduce you to the period of history from 1700 - 2000.
Specifically the industrial revolution, the breaking of the class system in the UK, the empowerment of the middle class as both consumers and producers.
...

Look a little bit closer, like 1700-1900, where there was no tax on production (i.e. income tax) and limited periods of economic central planning (i.e. central banking). The US became an economic powerhouse, outperforming the rest of the world many times over.
Imagine that, economic freedom leading to economic prosperity. What a fluke, right?



Don't let facts get in the way of your clouded thinking.
http://www.theworldeconomy.org/MaddisonTables/MaddisontableB-18.pdf

We were the most prosperous country in the world prior to income taxes and the federal reserve.

In 1820, US GDP was less than 2% of the world's GDP. By 1913, US GDP was more than double any other country and 1/5 of the world's. Funny thing about freedom, it works.

From 1820 to 1870, US GDP increased 784% while the world GDP had only increased 59%. From 1870 to 1913, US GDP increased 526% while the world GDP had only increased 246%.

Period, Increase in US GDP, Increase in World GDP
1820 to 1870, 784%, 59%
1870 to 1913, 526%, 246%
1913 to 1950, 281%, 197%
1950 to 1973, 243%, 300%
1973 to 1998, 209%, 210%

And if you do the math per capita, the numbers are even uglier for the US 20th century.

But not surprising one thinks that printing money to pay for bombs and tanks makes a country prosperous. How's that government stimulus working out present day? Funny we still haven't paid off that debt from WWII stimulus. We've being paying the interest on it though.

Did expanding the monetary base (i.e. inflation) make us richer? The father of the theory that government stimulus is the way to fight severe downturns, John Maynard Keynes, famously said about inflation:
By this means government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.

Multi-Millionaire Rep. Says He Can’t Afford A Tax Hike

ChaosEngine jokingly says...

>> ^heropsycho:

Except you're completely, utterly, 100% wrong about when the US became an economic superpower.
Most historians do not recognize the US as a global economic or military superpower until at least WWI, and it's hard to argue that even then because the US paled in comparison to the likes of Britain until WWII, so your claim we outproduced every other country many times over from 1700-1900 is absurdly and patently false. The 16th Amendment was ratified in 1913 (just prior to WWI), which allowed constitutionally for the first time a federal income tax. The Federal Reserve Bank was also established in 1913, which I guess is what you're referring to as "central banking". The US was undoubtedly recognized as a global Superpower, both economically and militarily, by the end of WWII, some 30+ years later, and it's been one undoubtedly ever since, with the FED and the federal income tax in existence that entire time. During that time, the US has outproduced economically every other country on earth with the dreaded "central bank" and federal income tax you think is destroying our economy.
You might actually want to look stuff up before you say something that grossly incorrect.
>> ^marbles:
>> ^raverman:
... Let me introduce you to the period of history from 1700 - 2000.
Specifically the industrial revolution, the breaking of the class system in the UK, the empowerment of the middle class as both consumers and producers.
...

Look a little bit closer, like 1700-1900, where there was no tax on production (i.e. income tax) and limited periods of economic central planning (i.e. central banking). The US became an economic powerhouse, outperforming the rest of the world many times over.
Imagine that, economic freedom leading to economic prosperity. What a fluke, right?



Facts! You can use facts to prove anything!

Multi-Millionaire Rep. Says He Can’t Afford A Tax Hike

heropsycho says...

Except you're completely, utterly, 100% wrong about when the US became an economic superpower.

Most historians do not recognize the US as a global economic or military superpower until at least WWI, and it's hard to argue that even then because the US paled in comparison to the likes of Britain until WWII, so your claim we outproduced every other country many times over from 1700-1900 is absurdly and patently false. The 16th Amendment was ratified in 1913 (just prior to WWI), which allowed constitutionally for the first time a federal income tax. The Federal Reserve Bank was also established in 1913, which I guess is what you're referring to as "central banking". The US was undoubtedly recognized as a global Superpower, both economically and militarily, by the end of WWII, some 30+ years later, and it's been one undoubtedly ever since, with the FED and the federal income tax in existence that entire time. During that time, the US has outproduced economically every other country on earth with the dreaded "central bank" and federal income tax you think is destroying our economy.

You might actually want to look stuff up before you say something that grossly incorrect.

>> ^marbles:

>> ^raverman:
... Let me introduce you to the period of history from 1700 - 2000.
Specifically the industrial revolution, the breaking of the class system in the UK, the empowerment of the middle class as both consumers and producers.
...

Look a little bit closer, like 1700-1900, where there was no tax on production (i.e. income tax) and limited periods of economic central planning (i.e. central banking). The US became an economic powerhouse, outperforming the rest of the world many times over.
Imagine that, economic freedom leading to economic prosperity. What a fluke, right?

S&P Downgrades US Credit Rating From AAA

heropsycho says...

LOL! So explain how the US became an economic Super Power the world had never seen to that point IMMEDIATELY after WWII? This was after the Great Depression. WWII generated US deficits of 24% of GDP in 1945, which has NEVER been surpassed since, not even today, with the current deficits of 13% of GDP. It is absolutely the case that without those deficits, the US wouldn't have been able to pay for the war effort, and it is absolutely the case WWII ended the Great Depression. Those "talking heads" you refer to are called "historians". They use things called "facts" to help form their conclusions.

Just how did it end the Depression? By reducing unemployment to basically 0%, raising demand for labor which increased wages, all the while retooling existing closed factories and building new ones to crank out all of what we needed to win the war. As a result, consumers had significantly increased income, which was pumped into the economy when spent. When the war ended, the government did a tremendous job transitioning back into a peacetime economy compared to total war mobilization, while building a massive military industrial complex to compete in the Cold War. Also, the average male American citizen was granted wide access to the first time to a college education through the GI Bill, resulting in a never seen before highly educated general population. It was the dawn of the US as one of the two global economic and military superpowers.

So what did we do after WWII? We ran surpluses in the 1950s by raising marginal tax rates on the rich to over 90%, and that was during those super economically disastrous times known as the 1950s, when the US GNP rose by 66% in that decade. Both running a deficit to end the recession and raising taxes on the rich are both things you vehemently oppose, yet it was without a doubt proven to be effective in our history. It's historical fact you can try to ignore, but it's staring you point blank in the face.

Try to dodge this all you want. I'd rather accept reality and try to figure out honestly how to fix our current economy instead of clinging to a rigid ideology which has been clearly proven to be wrong in our national history.

How the Middle Class Got Screwed

heropsycho says...

I'm very confused. Let me get this straight...

You're gonna blame the repeal of Glass-Steagall (a law that REGULATED financial markets) on Barney Frank who voted AGAINST the Gramm-Leach-Bliley Act, which is the legislation that repealed Glass-Steagall?! You do realize you're basically making effectively a socialist argument, right?! You're saying the repeal of Glass-Steagall was intended to help the poor, but it didn't. Glass-Steagall is fundamentally socialist, so you're saying repealing it hurt the economy?!

Other than the fact you got the critical detail of Frank voting against Gramm-Leach-Bliley wrong, I completely agree with you.

In respect that job reports have been disappointing, you didn't address what every objective report about the stimulus bill says it created jobs, and those jobs did go to lower and middle class people. There's a disappointment it didn't do more than it ended up doing, but it DID create/save jobs in the short run, that's undeniable. Extension of unemployment benefits helped the poor and middle class. I could go on and on. You're seriously gonna fight this point?! Ridiculous.

Every company Obama visited and showed as a good example folded, huh? Let's see some proof. I want to see everyone of these companies, and what happened to them. You don't get to throw idiotic statements like this out without proof and expect not get called out on it. You're full of crap on that.

Oh, so if the jobs went to people you blanket don't like, it didn't do any good? LOL! Nevermind they're poor and middle class jobs, those very people you said weren't helped. I don't blame you. Those fat cat teachers and other civil servants, robbing the country blind with their gross underpay and what not! BTW, state employees are not all union members. There are in many states laws against state employees unionizing. Minor detail really...

So you're talking about "real Socialist" countries, not the fake ones I described. Are they more left than us? YES! You then mentioned we've gone "too far to the left" and the pendulum swing of a correction is coming to smite us! Are you suggesting the UK, France, and Britain were smited by the wrath of the free market gods for being too socialist? How have they managed to avoid the smite?!

As to the US education system today. First off, I'm glad you agree with me that universal public education system did coincide with the rise of the US as an economic superpower. You do at least seem to understand attacking that point is pretty pointless. But that also means you lost the argument. We had undeniably the world's best education system during that time, and it was a socialistic program in nature. Do we have the best education system now without question? No. What changed? Not the public mandate. Not the fact it's still mostly gov't operated. That's the same. Therefore, it's undeniable that you can have a top notch gov't run public education system.

Need more proof?

http://www.guardian.co.uk/news/datablog/2010/dec/07/world-education-rankings-maths-science-reading

What do you notice about the countries with the best education systems? Oh wonder of wonders, virtually all of them have gov't operated public education systems! How do so many evil socialist programs work so well?! Hmmm, maybe it's because sometimes, socialist ideas work the best, and maybe you should open your mind a little, look at specific things, look at data objectively, and apply socialist or capitalist solutions, whichever work the best? I know that's apparently revolutionary for you, but it's called "effective problem solving".

>> ^Winstonfield_Pennypacker:

Amazing how all leftists are criminally corrupt, all of them, apparently. Just because you're a leftist, it automatically means you don't care about the people.
Of course not all of them are corrupt – just most of the ones in political office. However, that is more endemic of being a politician than a leftist as the GOP is corrupt to the core too. I’m sure on some level even the corrupt political leftists believe they ‘care’ and are ‘helping’. But their method of helping is a poison pill destined to kill the supposed beneficiary. For example… Barney Frank thought he was helping the poor by pushing to repeal Glass-Steagall. In Frank’s fuzz-filled brain, he helped the poor get “uffodubble howsing”. But the result of his policies speak for themselves. The poor were NOT ‘helped’, and the nation’s financial stability was ruined by leftist plans for making banks give out loans to people who could not afford them. The left’s method of ‘help’ almost universally manifests in the form of inefficient, expensive, wasteful, freedom-killing big government programs which inevitably crash, burn, and make things worse than any leftist ever DREAMED life was like without their ‘help’.
Obama's big gov't spending doesn't do anything for the poor and middle class. You mean, except saving jobs when the economy tanked, the vast majority went to the poor and middle classes. Other than that... LOL...
That’s why every month the US has “unexpectedly high” unemployment figures. It’s why every job report for the last 3 years has been ‘disappointing’. It’s why every company Obama visited on the stump as a ‘shining example’ for jobs has folded. There are multiple reports that prove Obama’s stimulus money has gone almost entirely to labor unions, or state governments (and thence, THEIR unions) who supported him. In short, like a typical Chicago thug, he used the stimulus as political payola “walkin’ round money”. Jobs for the middle class & poor? Maybe 1 for every million bucks.
Leftist governments do not help with wealth distribution?! They just make it worse? I'm sure that's happened on occasion, but that's generally patently false.
I’m talking REAL left government – socialism. History has proven that leftist political philosophy’s ultimate end is wealth concentration at the top of government with the ‘people’ in utter poverty such as Soviet Russia, North Korea, Cambodia, Cuba, et al. What you are talking about are not really socialist governments. They are capitalist with socialist programs IN it (sort of the mirror image of China’s “socialist with capitalist programs”). The US ever since FDR has not been so much a ‘capitalist’ society as much as it is just another European-style capitalist with social program left-leaning government. The New Deal, the Great Society, and so many other leftist programs have routinely and regularly siphoned wealth from the middle class and used it to conduct failed social experiments. For the last 20 years or so, the US has gone further and further left in terms of spending and economic policy.
For example….universal public education and a progressive income tax coincided with the rise of the US as a global economic superpower as those first generations of publicly educated people came of working age.
Like all socialist systems, it starts well but ends badly. Remember Orwell's "Animal Farm"? Look at the US education system today and tell me it is “working wonderfully”. It is one of the most expensive in the world, while at the same time one of the least effective. Universal education is great. PUBLIC universal education? Not so much – and mostly BECAUSE it is a ‘socialist’ program. Open up a voucher system and let people choose the school, which will increase competition and lower costs.
Now - I don’t disagree with the underlying premise of your position. A pure capitalist freedom isn’t good either. Freedom is the best choice, tempered with a distant set of standards. I don’t have a problem with government mandating universal education, or even with it establishing some basic, simple standards. However, the pendulum has swung too far in the ‘socialist’ direction, and we are due for a correction. However, the people who benefit from the social system (government & unions) are responding as predicted to pullback, and would rather blow up the system than give up their power and money. Such is the end result of socialism, alas.
The founding fathers had it right. It is best to leave such matters at the state level where the people have more control and there is more accountability. The federal government should serve as ONLY a place where people can go to redress grievances (abuses). Central systems are fine when they are distant, have little power, and serve as little more than a final authority to appeal to, or as a repository of advised (but not REQUIRED) standards. The ‘system’ should be about 5% centralized and 95% local. Right now the US is more like a ‘45% federal, 55% local’ government and it is coming apart at the seams.

How the Middle Class Got Screwed

Winstonfield_Pennypacker says...

Amazing how all leftists are criminally corrupt, all of them, apparently. Just because you're a leftist, it automatically means you don't care about the people.

Of course not all of them are corrupt – just most of the ones in political office. However, that is more endemic of being a politician than a leftist as the GOP is corrupt to the core too. I’m sure on some level even the corrupt political leftists believe they ‘care’ and are ‘helping’. But their method of helping is a poison pill destined to kill the supposed beneficiary. For example… Barney Frank thought he was helping the poor by pushing to repeal Glass-Steagall. In Frank’s fuzz-filled brain, he helped the poor get “uffodubble howsing”. But the result of his policies speak for themselves. The poor were NOT ‘helped’, and the nation’s financial stability was ruined by leftist plans for making banks give out loans to people who could not afford them. The left’s method of ‘help’ almost universally manifests in the form of inefficient, expensive, wasteful, freedom-killing big government programs which inevitably crash, burn, and make things worse than any leftist ever DREAMED life was like without their ‘help’.

Obama's big gov't spending doesn't do anything for the poor and middle class. You mean, except saving jobs when the economy tanked, the vast majority went to the poor and middle classes. Other than that... LOL...

That’s why every month the US has “unexpectedly high” unemployment figures. It’s why every job report for the last 3 years has been ‘disappointing’. It’s why every company Obama visited on the stump as a ‘shining example’ for jobs has folded. There are multiple reports that prove Obama’s stimulus money has gone almost entirely to labor unions, or state governments (and thence, THEIR unions) who supported him. In short, like a typical Chicago thug, he used the stimulus as political payola “walkin’ round money”. Jobs for the middle class & poor? Maybe 1 for every million bucks.

Leftist governments do not help with wealth distribution?! They just make it worse? I'm sure that's happened on occasion, but that's generally patently false.

I’m talking REAL left government – socialism. History has proven that leftist political philosophy’s ultimate end is wealth concentration at the top of government with the ‘people’ in utter poverty such as Soviet Russia, North Korea, Cambodia, Cuba, et al. What you are talking about are not really socialist governments. They are capitalist with socialist programs IN it (sort of the mirror image of China’s “socialist with capitalist programs”). The US ever since FDR has not been so much a ‘capitalist’ society as much as it is just another European-style capitalist with social program left-leaning government. The New Deal, the Great Society, and so many other leftist programs have routinely and regularly siphoned wealth from the middle class and used it to conduct failed social experiments. For the last 20 years or so, the US has gone further and further left in terms of spending and economic policy.

For example….universal public education and a progressive income tax coincided with the rise of the US as a global economic superpower as those first generations of publicly educated people came of working age.

Like all socialist systems, it starts well but ends badly. Remember Orwell's "Animal Farm"? Look at the US education system today and tell me it is “working wonderfully”. It is one of the most expensive in the world, while at the same time one of the least effective. Universal education is great. PUBLIC universal education? Not so much – and mostly BECAUSE it is a ‘socialist’ program. Open up a voucher system and let people choose the school, which will increase competition and lower costs.

Now - I don’t disagree with the underlying premise of your position. A pure capitalist freedom isn’t good either. Freedom is the best choice, tempered with a distant set of standards. I don’t have a problem with government mandating universal education, or even with it establishing some basic, simple standards. However, the pendulum has swung too far in the ‘socialist’ direction, and we are due for a correction. However, the people who benefit from the social system (government & unions) are responding as predicted to pullback, and would rather blow up the system than give up their power and money. Such is the end result of socialism, alas.

The founding fathers had it right. It is best to leave such matters at the state level where the people have more control and there is more accountability. The federal government should serve as ONLY a place where people can go to redress grievances (abuses). Central systems are fine when they are distant, have little power, and serve as little more than a final authority to appeal to, or as a repository of advised (but not REQUIRED) standards. The ‘system’ should be about 5% centralized and 95% local. Right now the US is more like a ‘45% federal, 55% local’ government and it is coming apart at the seams.

How the Middle Class Got Screwed

heropsycho says...

Oh man, where to start...

Amazing how all leftists are criminally corrupt, all of them, apparently. Just because you're a leftist, it automatically means you don't care about the people. On the face of it, patently absurd. Yes, some leftists are corrupt. No question about it. So are many capitalists, too. Doesn't mean either philosophy is bankrupt.

Obama's big gov't spending doesn't do anything for the poor and middle class. You mean, except saving jobs when the economy tanked, the vast majority went to the poor and middle classes. Other than that... LOL...

I'm totally sympathetic to the argument the stimulus may do more harm than good in the long run, but it wasn't done to shovel money into big bloated, criminally negligent gov't troughs. It was done to save jobs, and help the economy. Even if I disagreed with waterboarding, I wouldn't go around telling people the Bush administration did it because they loved the thrill of torturing people.

Leftist governments do not help with wealth distribution?! They just make it worse? I'm sure that's happened on occasion, but that's generally patently false. UN reports show the following:

In the U.S. the top 10% hold 70% of the country’s wealth
In France, the top 10% hold 61% of the country’s wealth
In the U.K. , the top 10% hold 56% of the country’s wealth
In Germany, the top 10% hold 44% of the country’s wealth
In Japan the top 10% hold 39% of the country’s wealth

France, UK, and Germany are significantly to the left of US in terms of their economic system without question. Japan is a weird beast, but still more socialist than we are. Their personal income tax rates are very low, but their corporate tax rate is one of the highest in the world. They also have significant elements of socialism in their economy, such as universal health care, publicly funded education, transportation, etc., but there is also a lot of free market elements as well. They also have a progressive income tax, although it has become less progressive as years have gone by.

So, I'd love to know how you came to that conclusion.

Finally, let me explain why some such as myself favor a form of mixed economy with a blend of socialism and capitalism: it works better for virtually everyone - rich, poor, and the middle class. As a very simple example, universal mandatory education, which was not a part of US society until it was publicly funded, helped businesses in the end because it increased the skill set and productivity of workers, which allowed businesses to increase profits in the long run. Universal, compulsory publicly funded education is socialist in nature. And how can society afford this? Partly by progressive taxation, which you claim is "poor people" believing that they have a right to the rich's money. Well, guess what? It worked BEAUTIFULLY! Universal public education and a progressive income tax coincided with the rise of the US as a global economic superpower as those first generations of publicly educated people came of working age. Weird how that worked, huh?

Now, I know people such as myself you consider a "neolib", but we're actually moderates, many of us are well intentioned, as I'm sure is true about conservatives, and we also have quite a bit of facts on our side to back us up, too. Raising marginal tax rates on the richest 1% of Americans is socialist in nature, but doing it a small amount isn't tantamount to socialism. And socialist ideas aren't inherently bad either (same for capitalistic ideas).

>> ^Winstonfield_Pennypacker:

Besides, leftists really don't care jack-crap whether or not the bottom 5% actually ever moves out of the poverty level. The crocodile tears about the 'poor' is a bunch of propoganda they use to advance higher tax rates - which help the poor only in the barest, most marginal, subsistence-only way. Neolibs use the poor as a manure shovel to trowel money into bloated, criminally negligent government troughs. Obama's entire regime is demonstrable proof that huge government spending accomplishes nothing for the poor or middle class. In fact, higher taxation & spending accomplish the exact opposite of 'helping' the middle class. Leftist governments do not help with wealth distribution. If anything, wealth disparity is frequently much worse under leftist systems. "Rich" person money does more good funding private-citizen billionaire prostitute crack snorting addictions than it does in government.
So I reject the neolib premise that money "must" be shunted from the rich to government, or society is somehow less fair. Frankly, it is none of your cotton-pickin' business or mine what rich folks so with their cash. Neither poor people, nor the middle class have any right to anyone else's money just because they're jealous that someone else has more of it. If a guy is rich, it is their decision what to do with their money. Donate to charities, invest it in businesses, or use it to murder puppies - whatever - it's THEIR cash - not yours. Same goes for companies and corporations too. Just because a company is earning truckloads of cash doesn't mean you have any right to one jack-sprat cent of it.

GPS: China and Russia Declare War on the Almighty Dollar

Reefie says...

>> ^Enzoblue:
^ ^ ^ unless oil starts being traded in Euros. Then our entire economy collapses overnight.


I don't think it would be that extreme, but there's no denying it would have a negative impact on the overall US economy.

Personally I welcome the idea of buyers being able to pay with their own currencies, and removing an intermediary currency from the exchange. It might have something to do with my dislike of the middle-man culture in general, I need to learn more about the global economic market before I can justify my stance though. Like most things in life, I've got enough info to form an opinion but not enough insight into the bigger picture to be absolute with my opinions.

quantumushroom (Member Profile)

quantumushroom says...

WikiLeaks' Bottom-Line Revelation

by

Austin Bay

Julian Assange, the man behind the WikiLeaks dump of secret US State Department cables, has been frank about his reasons for releasing thousands of classified -and stolen -- documents.

Assange says he wants to seriously damage the United States.
If this damage forwards America's ultimate destruction, so be it. The son of leftist America-haters, Assange was born and weaned during the Cold War. Then the wrong side won. What the superpower Soviet Union failed to do with its armies, he, a super-empowered individual, will accomplish via the information anarchy of the Internet.

If Assange's history-shaping goal seems grandiose and detached from reality, indeed it is. However, once you understand the man's religion, his megalomania and solipsism become a bit more comprehensible if even more reprehensible.

Like other anti-American cranks on the planet, Assange holds firm in his warped faith that the U.S. is the leading source of global evil. The roots of this religion run deep, beginning with 18th century European aristocrats who despised the American Revolution. The anti-Americanism of Nazis, communists, tribalists, anarchists and now militant Islamists all rehash the same tropes, with their semi-schizoid baseline being the U.S. is simultaneously a vast authoritarian conspiracy and a heterogeneous menagerie of infidel-cowboy-capitalist idiots who dogmatically resist enlightened social policies.

Assange argues his revelations will force this conglomerate American monster to become more secretive and authoritarian. Limiting access to information, in order to stop future leaks, will reduce the monster's secretive and authoritarian effectiveness. The monster's "security state" will dumb down, and --here's the moment of religious rapture in Assange's prophecy -- this will increase global justice.

Assange also links this shackling of America to creating peace. Don't snicker too long. There are a lot of tenured gray-haired profs with ponytails who teach this dreck at notable universities and get paid for it.

Assange understands media grandstanding, but he doesn't understand people and certainly doesn't understand how American diplomats contribute to maintaining peace.

U.S. Secretary of Defense Robert Gates understands people and diplomacy, and his assessment of Assange's info dump is as clear as it is historically and psychologically informed. At the Pentagon last week, Gates said: "The fact is, governments deal with the United States because it's in their interest, not because they like us, not because they trust us and not because they believe we can keep secrets. Many governments -- some governments -- deal with us because they fear us, some because they respect us, most because they need us. We are still essentially, as has been said before, the indispensable nation."

Gates added that the cables were "embarrassing" and "awkward," but the ultimate effects on policy would be "modest."

Pray that Gates is right about modest impact, but right now and for at least the next six months, the world confronts the possibility of a nuclear war in East Asia ignited by North Korean aggression. This is a time period when the world absolutely needs close -- and trustworthy -- cooperation between the U.S. and China. A big war in Korea could kill millions but will guarantee a global economic depression. Leaked cables discuss corruption in China's Communist Party and names hypocritical party elites.

Even if the information is accurate, this is a case where revealed candor damages personal relationships among key U.S. diplomatic personnel and Chinese leaders. China is a face culture, and the leaders have lost face. A mature appreciation of the common danger should override personal anger, but another leak revealed that China sees North Korea as a "spoiled child" and that it believes Korea will ultimately be reunited with South Korea absorbing the North. This revelation weakens China's political leverage with North Korea at a moment when any leverage is precious.

Assange, of course, did not consider how he increased the threat to the lives of millions of Korean, Japanese and Chinese when he dumped his filched documents. His faith-based narrative of American evil excludes the possibility that American diplomats are collaborating with China to avoid war and eventually put an end to North Korea's armed brinksmanship without a nuclear explosion.

Here's WikiLeaks' bottom-line revelation: Assange and ideologues like him promote an ignorant and destructive solipsism that has nothing to do with peace and justice but a lot to do with sociopathic narcissism.



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