0.1% of all people control 99% of the resources, are you willing to live in a world like this?

"
poor_hobbit wrote:
"
its fairly natural imo. was so throughout history at least locally.
the biggest communism experiment in history also ended up with the same shit somehow.

its almost like an equilibrium. might be game theory optimal ;)


I agree. Elites change elites. But the inequality remains. There are strong voices in Russia currently calling to bring mr. Gorbi and company to prosecution for national treason. The whole point was elite wanted to be businessmen as in the west. Trivial as fuck.

its pointless to bring gorbachev to prosecution because he just finished the deed by killing a slowly dying patient with a pillow, in an amateur way. by the time he was the general secretary most of wealth of pre-revolution times and wealth accumulated in soviet times was already in hands of the .1%. if he didn't do it, someone else would maybe ten years later, while the patient would continue to die slowly but surely

even the new russian oligarchs... while few were really legit 'started from the bottom now we're here' type, staying alive through chaos and being in right place at right time, many had clear ties with the said elite that allowed them to privatize state entities and natural resources at a fraction of a price.
you couldn't be a mere mortal with a tiny bit money and get some gas/oil factory vouchers, period, much less for peanut prices.
"
poor_hobbit wrote:


"
“Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?” ― Thomas Sowell


Utter bullshit. Just ask some economist how the wage is calculated.

"
“I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money.”


More bullshit. It reminds me how the super rich play sell and buy with the national debts. Recently one did "earn" 1 billion with the Argentinian debts in 3 minutes. Ask those Argentinians, how they feel about it.

"
“One of the consequences of such notions as ‘entitlements’ is that people who have contributed nothing to society feel that society owes them something, apparently just for being nice enough to grace us with their presence.”


This tells me nothing.



Thomas Sowell IS an economist. Also, he's black, Which makes you a racist, right? =^[.]^=
=^[.]^= basic (happy/amused) cheetahmoticon: Whiskers/eye/tear-streak/nose/tear-streak/eye/
whiskers =@[.]@= boggled / =>[.]<= annoyed or angry / ='[.]'= concerned / =0[.]o= confuzzled /
=-[.]-= sad or sleepy / =*[.]*= dazzled / =^[.]~= wink / =~[.]^= naughty wink / =9[.]9= rolleyes #FourYearLie
"
Thomas Sowell IS an economist. Also, he's black, Which makes you a racist, right?


OK. For clarification, I consider economics as one of those pseudosciences. The whole economics, the real one, /my opinion/ is rather simple. The economics credo is to solve the lack of resources. It failed to do so in its 300 years of history. Then, the real economics is the microeconomy which is very simple. I hold a degree in economics from respected university myself but I never practiced it cos I realized it is a pseudoscience. It basically involves math models which are always very far from practice because being models they simplify the reality. As a result, sometimes they work sometimes they don't. Foggy as it is, it can't be called science.
Another example of pseudoscience is psychiatry, which in 150 years of history failed to cure even one mental patient. But they excel of collecting your money.

I can't really comprehend wtf y want to say with if someone is black, it makes me a racist?
Are you 5 years old?

This Thomas should know as economist that the wage is calculated at the extreme minimum of the average cost curve. Now think further, from this minimum wage, you pay for hundred times overpriced products and also the state takes away at least 50% from your wage in the form of taxes. It means that actually you have in real terms only 2-5% of what you should have. Where are all the money? You can guess.

"
its pointless to bring gorbachev to prosecution


Yeah, the whole story is a very sad one. Same thing happened to all Eastern Europe and is about to happen in several other countries.
I'm a 0.1%er
"
I'm a 0.1%er

Bottom or top?
For years i searched for deep truths. A thousand revelations. At the very edge...the ability to think itself dissolves away.Thinking in human language is the problem. Any separation from 'the whole truth' is incomplete.My incomplete concepts may add to your 'whole truth', accept it or think about it
"
poor_hobbit wrote:
I consider economics as one of those pseudosciences. The whole economics, the real one, /my opinion/ is rather simple. The economics credo is to solve the lack of resources. It failed to do so in its 300 years of history. Then, the real economics is the microeconomy which is very simple. I hold a degree in economics from respected university myself but I never practiced it cos I realized it is a pseudoscience. It basically involves math models which are always very far from practice because being models they simplify the reality. As a result, sometimes they work sometimes they don't. Foggy as it is, it can't be called science.
1. Did they teach you how to seek alternative models? Or design your own models? If not, why didn't you complain about the quality of your education, especially given your low confidence in current models?

2. I do not believe the purpose of economics is to solve the lack of resources; I believe the purpose of working is to solve the lack of resources. I believe the purpose of economics is to assign human time to tasks in such a way as to maximize collection and production of resources.
When Stephen Colbert was killed by HYDRA's Project Insight in 2014, the comedy world lost a hero. Since his life model decoy isn't up to the task, please do not mistake my performance as political discussion. I'm just doing what Steve would have wanted.
Last edited by ScrotieMcB on Jan 11, 2017, 10:00:53 PM
"
poor_hobbit wrote:
Moreover, all the tech from the Nazies and Japan, including all areas ended in the hands of US, together with elite scientists in that time. Add to this the embargo to that country. Hunger. But that great country didn't fall and sent to space the first astronaut just 25 years later. And they built back everything. There was no war on American soil at all.

Everyone with a gram of brains rather fled to the english or americans, than surrendered to the soviets, where they would have to work for free somewhere in siberia (and then shot by NKVD).

Hunger - sure, ask yourself why central planning economies can't even feed their citizens well enough. The soviets were competitive in the space race for a while, only because they put almost all the resources into the military (police states can afford to not give a fuck about civilian economy). Even so, the US surpassed them. Russia is still mostly good in producing only military equipement, cant even compete with small Italy in car production, for example. The heritage of socialist central planning economy.

"
poor_hobbit wrote:

About "top" economies Japan and Germany, LOL. All the capital never vanished during the war.
And about Japan, LOL, it is just a slave country to US since the war and still is.

Japan a slave country? The 'Japs' were wiping the floor with US and everybody else in electronics & car production already in the 80'. They are a super productive, educated and wealthy nation, leading in many categories. With communism or socialism, they would be still pulling rice from mud, like their north korean neighbors.

Better to be a "slave" in Japan, than a "free" citizen in North Korea ;)

"
poor_hobbit wrote:
About "Gulag" and bloody Stalin. You are victim of propaganda. ...

Sure, lets whitewash a freaking mass murderer. This shit might work in college "educated" smug western liberal circles, but I was born in a commie state, so fuck Stalin and all the other commie gangsters.
When night falls
She cloaks the world
In impenetrable darkness
"
poor_hobbit wrote:
Yeah, the whole story is a very sad one. Same thing happened to all Eastern Europe and is about to happen in several other countries.

Sad, but not surprising. Authoritarian commies with their last dying breath robbed the country blind. They were able to do so, because they had all the political power & insider info. Even tho in socialism, the citizens "rule themselves" & "own the means of production", or so Im told, hahaha... :D

Capitalism = system where the rich get political power
Socialism = system where the politically powerful get rich
When night falls
She cloaks the world
In impenetrable darkness
"
poor_hobbit wrote:


OK. For clarification, I consider economics as one of those pseudosciences. The whole economics, the real one, /my opinion/ is rather simple. The economics credo is to solve the lack of resources. It failed to do so in its 300 years of history. Then, the real economics is the microeconomy which is very simple. I hold a degree in economics from respected university myself but I never practiced it cos I realized it is a pseudoscience. It basically involves math models which are always very far from practice because being models they simplify the reality. As a result, sometimes they work sometimes they don't. Foggy as it is, it can't be called science.
Another example of pseudoscience is psychiatry, which in 150 years of history failed to cure even one mental patient. But they excel of collecting your money.

I can't really comprehend wtf y want to say with if someone is black, it makes me a racist?
Are you 5 years old?

This Thomas should know as economist that the wage is calculated at the extreme minimum of the average cost curve. Now think further, from this minimum wage, you pay for hundred times overpriced products and also the state takes away at least 50% from your wage in the form of taxes. It means that actually you have in real terms only 2-5% of what you should have. Where are all the money? You can guess.

"
its pointless to bring gorbachev to prosecution


Yeah, the whole story is a very sad one. Same thing happened to all Eastern Europe and is about to happen in several other countries.



We know how to solve lack of resources problem, however we can't solve it. It require people who are hording resources to share them or give them, which they are rather unwilling to do. It become a political problem rather than economical problem.
"
morbo wrote:
Having money to invest, create jobs and eventually pay taxes, does benefit society.


All this leads to more production, more waste of resources and the destruction of our basis of existence as long as our economies are based on burning things. Regulating capitalism must be the least step. From my point of view (pure) capitalism is nothing more than legalized crime.

Btw - less human workers are needed. The first step was industrialization, then robot technology, afterwards Computers and Internet, the current development is artificial intelligence. All this could have been used for everyone. Instead it was always used to make a few people richer(500 billionaires in the United States - more than anywhere alse, at the same time 20% of all prisoners in the world are U.S. prisoners while the U.S. represents about 5 % of the world population)

So hopefully after the current episode of blaming someone else, nations, cultures etc.(ultra right wing movements), people will realize it. At least this current episode is a sign that people start to get upset about inequality.

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