It’s one thing to skim the profits. It’s another to own the business. The feds don’t know, and don’t care, how to manage an enterprise. They are parasites, not producers; wolves, not shepherds.
Perhaps if we try actual capitalism instead of crony capitalism there would be more satisfaction with it. I don't blame any young person for being dissatisfied with our current economic system. All they had to do was look at the government/Fed bailout of the Banksters who helped cause the financial crisis of 2008. They know the system is rigged.
On a related note, talking about capitalism while we have the Federal Reserve in place is just silly. Maybe like having a fashion show in a nudist colony.
I went to a nude beach in Sandy Hook, NJ a couple decades ago. Not the group you might hope to see, that's for sure. And I include myself (then and now) in that characterization.
And there is your correlation Bill. As our children become more indoctrinated and less educated, we have today’s Westernized(globalized)society. The dumber people become, the more trust in radical ideology they become. It was always the insane leaders of the past, leading the most ignorant of society to fight for their sick agendas. America and all of Europe are at a breaking point. Of course Trump will not be able to change the destruction of the past three decades, but give him a year to prove 75 million people wrong, because you know the alternative would have been even more catastrophic…. I thought my bolthole would be a place for peace and safety, but now know the only place to find that is in my belief in God, family and friends. Everything else is just an illusion…God bless America, the sweet family of Mr Kirk, and all of us who believe 🙏🇺🇸🇺🇸🇺🇸
Nice write up, it won’t move the needle. At this point I am convinced BBB writes his prose in the negative because he enjoys the controversy it generates. There si really no other explanation. He has, in his sunsetting years become a wind bag, Full of hate, discontent and attempts to lead his readers down that path.
It's not a wonder why the younger generation doesn't like capitalism very much: They've never experienced it!
As I said in these comments recently, Donald Trump is not a fascist; he's a socialist. The difference between the two is that fascism doesn't have government ownership of the means of production, it only writes the rules; socialism Is the direct ownership of the means of production by the government. The arrangements with US Steel and Intel are cases of the government (partially) owning the means of production.
My next question is: Why isn't Comrade Bernie Sanders cheering?
Ending the dollar’s link to gold enabled mischief and malfeasance by our elected officials, but the stunning decline in reading and math competency is of far greater consequence to our society. Daniel Patrick Moynihan called out the root of our demise around 60 years ago: the rise of the welfare state and the disintegration of the family unit. Fiscal and monetary policy can be manipulated with slights of hand. Returning our society to responsible parenting and individual accountability requires a magnitude of change that, if achievable, will require cultural and institutional perseverance for decades.
Bill, at this stage in our country's economic history I am not sure some government involvement, in some nationality sensitive businesses, is such a bad deal. To be sure the government lemmings should not be involved in any manner of management or an level of decision making, as they are unadulterated and unmitigated sycophants and parasites as you to have stated. But the country and the world is in a vastly different landscape then pre 1971. All industrialized countries are broke. They followed the Nixon "put" and printed without the benefit of real collateral. The result has been a cornucopia of fake, disingenuous, and distorted economies throughout the industrialized world. What could go wrong? Well China is what went wrong. They ferreted out the implications of such worldwide printing and the international implications for a new monetary system. The Chinese have a historical perspective that no other country has due to their longevity. They understood the relatively new interconnectedness of the economic world and they have exploited it with their Belt and Road initiative, and their BRICS financial worldwide economic reset, bringing precious metals and other necessary commodities under their direct control with the assistance of other BRICS nations. Too be sure our feckless, reckless, ignorant, arrogant and selfish politicians shepherded this new economic era into existence. So now what to do? Well maybe one small, but but important strategy, would be to support business"institutions" that are key to an American economic revival may just be a smart thing to do.
So true; however, the BRICS countries are like a large group of lambs at the dinner table with China. At some point they will be having lamb stew served and China and Russia will do the catering. Guess who will be the main course and dessert.????
...if you leave it up to the TDS folks, America might be under the cloche.
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However... if the U.S. ignites the barbeque and allows the luring scent of independent opportunity to waft across the BRIC's table, there likely will be no one left but the hosts...
Will Trump economics, whatever that is, be able to keep the warm glow of mad growing stock market optimism stoked up enough to give him a good mid term election result. Even if it means all the disastrous money printing chickens finally come home to roost, violently very soon after.
14 months seems a long time to keep all the balls in the air.
14 months to the mid term elections seems a long time to continue to ramp up this ever ballooning market but somehow that is what Trump will have to do to get a good result. Surely no amount of diversionary tactics, self made disasters, foreign policy mistakes in and out of America can hide a growing recession and inflation with false accounting.
Am I the only person unable to find Dan Dennings missive through his link”subscribed”. Instead it opens to lots of substack publications and I could not find Dan Denning.
Perhaps if we try actual capitalism instead of crony capitalism there would be more satisfaction with it. I don't blame any young person for being dissatisfied with our current economic system. All they had to do was look at the government/Fed bailout of the Banksters who helped cause the financial crisis of 2008. They know the system is rigged.
On a related note, talking about capitalism while we have the Federal Reserve in place is just silly. Maybe like having a fashion show in a nudist colony.
...hate to break it to you, but they do indeed conduct "fashion shows" at nudist camps.
Likely we don't want to see...
I went to a nude beach in Sandy Hook, NJ a couple decades ago. Not the group you might hope to see, that's for sure. And I include myself (then and now) in that characterization.
...I played in a band several times at a nudist colony (with my clothes on).
There was nothing there I wanted to see, especially when they conducted "fashion shows" (mostly gay men).
And there is your correlation Bill. As our children become more indoctrinated and less educated, we have today’s Westernized(globalized)society. The dumber people become, the more trust in radical ideology they become. It was always the insane leaders of the past, leading the most ignorant of society to fight for their sick agendas. America and all of Europe are at a breaking point. Of course Trump will not be able to change the destruction of the past three decades, but give him a year to prove 75 million people wrong, because you know the alternative would have been even more catastrophic…. I thought my bolthole would be a place for peace and safety, but now know the only place to find that is in my belief in God, family and friends. Everything else is just an illusion…God bless America, the sweet family of Mr Kirk, and all of us who believe 🙏🇺🇸🇺🇸🇺🇸
Nice write up, it won’t move the needle. At this point I am convinced BBB writes his prose in the negative because he enjoys the controversy it generates. There si really no other explanation. He has, in his sunsetting years become a wind bag, Full of hate, discontent and attempts to lead his readers down that path.
It's not a wonder why the younger generation doesn't like capitalism very much: They've never experienced it!
As I said in these comments recently, Donald Trump is not a fascist; he's a socialist. The difference between the two is that fascism doesn't have government ownership of the means of production, it only writes the rules; socialism Is the direct ownership of the means of production by the government. The arrangements with US Steel and Intel are cases of the government (partially) owning the means of production.
My next question is: Why isn't Comrade Bernie Sanders cheering?
...according to Ai;
The government’s investment is considered a passive ownership, meaning it will not have direct control over Intel's operations or decision-making.
The government will vote with Intel's Board of Directors on shareholder matters but will not have representation on the board.
-
Although Bernie might be smiling, he may not be cheering because it's not full-blown socialism... yet.
Ending the dollar’s link to gold enabled mischief and malfeasance by our elected officials, but the stunning decline in reading and math competency is of far greater consequence to our society. Daniel Patrick Moynihan called out the root of our demise around 60 years ago: the rise of the welfare state and the disintegration of the family unit. Fiscal and monetary policy can be manipulated with slights of hand. Returning our society to responsible parenting and individual accountability requires a magnitude of change that, if achievable, will require cultural and institutional perseverance for decades.
"IF YOU PUT THE FEDERAL GOVERNMENT IN CHARGE OF THE SAHARA DESERT IN 5 YEARS
THERE WOULD BE A SHORTAGE OF SAND" MILTON FRIEDMAN
...they would merely propagate there's a shortage of sand.
Low IQ voters everywhere would believe it.
Bill, at this stage in our country's economic history I am not sure some government involvement, in some nationality sensitive businesses, is such a bad deal. To be sure the government lemmings should not be involved in any manner of management or an level of decision making, as they are unadulterated and unmitigated sycophants and parasites as you to have stated. But the country and the world is in a vastly different landscape then pre 1971. All industrialized countries are broke. They followed the Nixon "put" and printed without the benefit of real collateral. The result has been a cornucopia of fake, disingenuous, and distorted economies throughout the industrialized world. What could go wrong? Well China is what went wrong. They ferreted out the implications of such worldwide printing and the international implications for a new monetary system. The Chinese have a historical perspective that no other country has due to their longevity. They understood the relatively new interconnectedness of the economic world and they have exploited it with their Belt and Road initiative, and their BRICS financial worldwide economic reset, bringing precious metals and other necessary commodities under their direct control with the assistance of other BRICS nations. Too be sure our feckless, reckless, ignorant, arrogant and selfish politicians shepherded this new economic era into existence. So now what to do? Well maybe one small, but but important strategy, would be to support business"institutions" that are key to an American economic revival may just be a smart thing to do.
So true; however, the BRICS countries are like a large group of lambs at the dinner table with China. At some point they will be having lamb stew served and China and Russia will do the catering. Guess who will be the main course and dessert.????
Curry will definitely be one item on the menu...
...if you leave it up to the TDS folks, America might be under the cloche.
-
However... if the U.S. ignites the barbeque and allows the luring scent of independent opportunity to waft across the BRIC's table, there likely will be no one left but the hosts...
... Government joining/controlling/regulating/subsidizing private business is nothing new.
Particularly in time of war.
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Government "partnering" with Mountain Pass will cut through the regulatory entanglements to achieve domestic super conducting magnets.
Of which our adversaries currently use as sanctioning commodities.
Of course, the U.S. pirouettes the same dance.
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Let's not pretend this is capitalism.
This is economic war.
Will Trump economics, whatever that is, be able to keep the warm glow of mad growing stock market optimism stoked up enough to give him a good mid term election result. Even if it means all the disastrous money printing chickens finally come home to roost, violently very soon after.
14 months seems a long time to keep all the balls in the air.
Trump economics?
Never heard that one before...
I believe it's more of a dart game.
With sanctioning all the rage these days, we are in economic WWIII.
Hope Trump is good at darts...
14 months to the mid term elections seems a long time to continue to ramp up this ever ballooning market but somehow that is what Trump will have to do to get a good result. Surely no amount of diversionary tactics, self made disasters, foreign policy mistakes in and out of America can hide a growing recession and inflation with false accounting.
...the BLS sure tried!
Am I the only person unable to find Dan Dennings missive through his link”subscribed”. Instead it opens to lots of substack publications and I could not find Dan Denning.