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Fewer Than Half of Young Americans Are Positive About Capitalism (cnbc.com)

gollum123 writes: According to a new poll from Gallup, young Americans are souring on capitalism. Less than half, 45 percent, view capitalism positively. "This represents a 12-point decline in young adults' positive views of capitalism in just the past two years and a marked shift since 2010, when 68 percent viewed it positively," notes Gallup, which defines young Americans as those aged 18 to 29. Meanwhile, 51 percent of young people are positive about socialism. This age group's "views of socialism have fluctuated somewhat from year to year," reports Gallup, "but the 51 percent with a positive view today is the same as in 2010."

1,445 comments

  1. Not surprising by Anonymous Coward · · Score: 4, Insightful

    The boomers pulled the ladder up on them.

    1. Re:Not surprising by Mikkeles · · Score: 1

      So the youngsters are not as stupid (collectively) as 'twould appear!

      --
      Great minds think alike; fools seldom differ.
    2. Re:Not surprising by Anonymous Coward · · Score: 0

      The feminazi teachers blasted us with marxism from day 1.

    3. Re:Not surprising by hcs_$reboot · · Score: 1

      Something strange: this comment was posted 36 hours ahead of the story...

      --
      Slashdot, fix the reply notifications... You won't get away with it...
    4. Re:Not surprising by jellomizer · · Score: 1

      Exactly.
      What use to happen is if there was a promising employee they would be mentored from their boss to be successful for a new position. This when getting that promotion they have the experience to do the work.

      Boomer yuppie culture put a stop to that. Your just a cog in the engine if you do your job well you stay if not your fired and replaced with an other cog.

      To get ahead today you need to quit jobs, exaggerate your resume, and find a job that is a higher position then before.
      This method is bad for both the employer because the good employees leave while the mediocre ones stay. The knowledge gained is loss plus the cost of replacing an employee is high. For the worker who is trying to go up the ladder they need to upend their lives, move to a new location and because they bluffed their resume they are now in a job they may not be fully prepared for.

      --
      If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    5. Re:Not surprising by cayenne8 · · Score: 1

      To get ahead today you need to quit jobs, exaggerate your resume, and find a job that is a higher position then before.

      That "job for life" thing disappeared a LONG time ago, it disappeared before the boomers too.

      What you describe has been the only way to move up in a job for a long, long time.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    6. Re:Not surprising by cayenne8 · · Score: 3, Insightful

      So the youngsters are not as stupid (collectively) as 'twould appear!

      It strikes me a blindingly STUPID, to just give up on, and throw out the whole driving and sustaining force that made the US the great country and world superpower it is.

      They don't realize that at some point with socialism, you DO run out of other peoples' money to spend.

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    7. Re:Not surprising by Anonymous Coward · · Score: 0

      Typical dipshit selfish millenials. Blame everyone but yourselfs for your own problems.

    8. Re:Not surprising by Anonymous Coward · · Score: 0

      Two words: Clinton-Soros

      They control all mainstream media including the Slashdot.Org

    9. Re:Not surprising by Anonymous Coward · · Score: 0

      Capitalism: Works like a charm in Africa!

      But for whom?

    10. Re:Not surprising by DigiShaman · · Score: 1

      Per Alexander Fraser Tytler, it's all part of the cycle.

      A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

      The average age of the world's greatest civilizations from the beginning of history has been about 200 years. During those 200 years, these nations always progressed through the following sequence:

      -From bondage to spiritual faith;
      -From spiritual faith to great courage;
      -From courage to liberty;
      -From liberty to abundance;
      -From abundance to complacency;
      -From complacency to apathy;
      -From apathy to dependence;
      -From dependence back into bondage.

      So yeah, Western Civilization is fucked. That is what happens when people turn away from God.

      Pride comes before the fall, and pride is the greatest sin of all. Yes, we are fucked!!!

      --
      Life is not for the lazy.
    11. Re:Not surprising by Anonymous Coward · · Score: 0

      So when does the current system run out of other peoples' money to spend? We borrow about $1 Trillion per year of other peoples money to spend mostly on the war industry. When does that become a problem for you?

    12. Re:Not surprising by Anonymous Coward · · Score: 0

      "They don't realize that at some point with socialism, you DO run out of other peoples' money to spend."

      But at some point with capitalism, you DO run out of willing slaves, and then the beheadings start happening.

    13. Re:Not surprising by Anonymous Coward · · Score: 0

      They don't realize that at some point with socialism, you DO run out of other peoples' money to spend.

      Not necessarily. Depends on how much socialism you have. A lot of infrastructure and support services in the US are socialized - streets, the fire department, police, national defense, etc. And they've been so for a long time.

      Plus, some forms of socialism aim more towards worker ownership of where they work rather than state ownership. It really depends on what socialist philosophy one has. There's also other alternatives to capitalism and socialism, such as a mixed economy, or a state with a large social safety net, etc.

    14. Re:Not surprising by Anonymous Coward · · Score: 0

      Your smart comment at the top made me happy to see. The baby boomers were asleep at the wheel and tend towards being rapacious criminals or incredibly skilled and making shit up in their head so they don't have to be responsible.

    15. Re:Not surprising by Anonymous Coward · · Score: 0

      "They don't realize that at some point with socialism, you DO run out of other peoples' money to spend."

      Citation needed.

    16. Re:Not surprising by Anonymous Coward · · Score: 0

      Your lack of understanding of what socialism is, does not come as surprising. Guess what - it's a slightly modified version of capitalism. Typically doing things in moderation is better than taking things to the extreme... capitalism is no exception.

    17. Re:Not surprising by Anonymous Coward · · Score: 0

      Capitalism has the same problem of running out of other peoples' money to spend, in this case "other peoples" are workers/consumers. Being "the great country and world superpower" does not magically create consumer demand if money is concentrated on the top 1%.

    18. Re:Not surprising by Anonymous Coward · · Score: 0

      In some ways the boomers are taking it at both ends from their parents and children. But it's really right-wing ideology that's dismantling the social safety net that created the middle class. That happened to rise when boomers were young adults, but it's not clear that boomers are more greedy than other generations. It may just be that they happened to be the biggest beneficiaries of the civic-minded veterans of WWII that tried to extend the ladder to everybody.

    19. Re:Not surprising by Anonymous Coward · · Score: 0

      > DO run out of other peoples' money to spend.
      Do you ever get tired of just repeating that over and over?
      At some point, what good is it for 3 people in the world to have all the money?

    20. Re:Not surprising by Anonymous Coward · · Score: 0

      Most people, even the dumb ones once believed they could make it big.Probably because liar loans and credit cards made this possible for even trailer trash.
      Now most people see debts, minimum wage, gig yobs, and if unlucky left in the gutter worse than a dog. Except those doped up on phones and Netflix re-runs.

      I think they see the odds have changed against them, and no safety net. Rightfully they now want European like minimum decency standards (for them) if they get a run of bad luck.
      Some sense that they have been culled from the pack.

    21. Re:Not surprising by Anonymous Coward · · Score: 0

      To be clear, it was the prewar and WWII generation that initiated both the equality-minded policies that built the middle class *and* the right-wing reaction that's dismantling them. The boomers get honorable mention for promoting equality and civil rights in the 60s and afterward. But right-wing ideologs exist in all these generations and the following ones, and it's unclear that they're concentrated in any particular generation. I used to think the teen-and-tween 60s was when America got enlightened and the previous generation was square and exclusionary. But then I realized the groundwork for the 60s was laid in the 50s and a lot of older people had similar sentiments. So we can't blame all of it on the boomers, but we can blame some of it on the boomers.

    22. Re:Not surprising by Anonymous Coward · · Score: 0

      Aw cute, quoting THATCHER of all people.

      So, with socialism, there is still money. And people still generate capital. Oh, wait, actually they get to own MORE of that capital they generate.

      "the whole driving and sustaining force that made the US the great country and world superpower it is"

      Well, the USG uses our tax money to build up its military (Refer to using other people's money comment you made) to hold the threat of war over their heads, so if you think that terror=great, you're an unjust person, with a screwed up sense of "greatness".

      We also have a nasty habit (The U$A) of interfering with others elections, sabotage, assassination, embargo, and trade manipulation/tarrifs that outright set up countries to fail on the international trade stage, then when they are going down in flames (refer to Venezuela and the 50+ other countries we've meddled with in the past 60 years) we point ad shriek "LOOK LOOK THAT SOCIALISM DOESN'T WORK! LOOK! LOOK! STOP HITTING YOURSELF!"

      There hasn't been many socialist countries because of this type of meddling, and zero communist countries, which is the end result of a socialist transition. There were a couple good attempts, but again, sabotage, human failings, etc.

      Capitalism only works for a small sector of society, and we see its unsustainable ways coming to fruition right now with the ecological devastation and wealth inequality we see today. Poverty in the US, lack of basic healthcare, homelessness, etc. Yeah, capitalism "works" for the .01%. The rest of the world also suffers greatly so we can have a quality of life above them.

      Please keep quoting Thatcher and pushing that old Mccarthyist propaganda though.

    23. Re:Not surprising by Vitriol+Angst · · Score: 1

      Yes at "some point". But we had a lot higher taxes and more unions during the 1950's -- so obviously we are at the other end of that bell curve now. I'll be screaming "too far" if it gets there.

      We also don't want too much or too little oxygen -- just like capitalism.

      --
      >>"ad space available -- low rates!!!"
    24. Re:Not surprising by Anonymous Coward · · Score: 0

      It strikes me a blindingly STUPID, to just give up on, and throw out the whole

      I don't think people are saying to throw out the whole thing

      It strikes me as blindingly stupid of you to paint this as black and white, all or nothing.

    25. Re:Not surprising by Dusanyu · · Score: 1

      Everybody likes to blame the boomers but Gen X is doing fine.

    26. Re:Not surprising by lessthan · · Score: 1

      Salacious B. Crumb did pretty well too. (Yes, I had to look the name up.)

      --
      Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
    27. Re:Not surprising by amicusNYCL · · Score: 1

      When you have a huge segment of the population, possibly even a majority, where the system does not work for them, obviously they're going to want a change. The solution is to make sure the system works for the vast majority of people. There are a lot of people who have no money of their own to spend, the only option is to spend other peoples' money.

      This is why things like universal healthcare and free public education are as popular as they are, and will get more popular until they become law. Right now we're telling students that they need to take on huge debt in order to get an education to fill jobs which are requirements for the prosperity of the US. Jobs like engineers, doctors, etc. These jobs are required if we're going to remain competitive in the world. But, if people want to do those jobs, which will help the country, then unless they were born into money (and they get to spend their parents' money), the only option is huge debt. We also tell most of our workforce that they can choose to either be healthy or not go bankrupt. A for-profit healthcare system is not only morally wrong, but it's completely counter to a long-term goal of prosperity of the US, because the US only prospers if our workforce is healthy and the for-profit healthcare industry has driven costs far beyond what many people can bear.

      Naturally, the solutions to these problems are universal healthcare, which has major opposition from insurance and drug companies who stand to lose a lot of money, and free public education at any level. The long-term gains for these programs should be obvious and are not counter to capitalist principles. In fact, free public education will result in a highly skilled workforce which will boost the economy more than anything else we could do. Skilled people will be graduating who will want to start companies and use their knowledge to help propel themselves and, by extension, the country forward.

      And forcing people to choose between being healthy and not being bankrupt, while living in the most wealthy country in the world, is wrong on many levels.

      Fact is that the current system does not work for large portions of society. If people want to save capitalism, they need to make it work for the vast majority, not just the top quarter or third. The inevitable result is that, as old people die off and young people enter the voting bloc, they will pass more extreme laws which will cause a huge swing the other direction. Socialism will be the result in the US, possibly followed by collapse, unless capitalists find a way to make the system work for everyone. Free education and healthcare is the most obvious step, and will bring the most obvious long-term benefits to the prosperity of the country. If people want to make America great again, that starts with an educated and healthy workforce.

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    28. Re:Not surprising by kbg · · Score: 1

      It strikes me a blindingly STUPID, to just give up on, and throw out the whole driving and sustaining force that made the US the great country and world superpower it is.

      The only reason US is a superpower is because it has a big landmass and has pretty all around good weather and a lot of land resources. The size of a country and it's usuability to support people is directly related to how big it can grow. Also if you import a lot of hard working immigrants it really helps the population and the economy. If every person from US had moved to Greenland instead I am pretty sure US/Greenland wouldn't be a superpower. You see when you are constantly fighting weather and failing crops and dying, it can be hard support a growing population.

      I would consider Russia to be a superpower and still they have had socialism since forever. Now they are twice the size landmass compared to US however a major part of the land is inhospitable and for example about 15% is permanently frozen tundra useless for agriculture.

      And then what makes a country great and capitalism great? Poverty in the US is at least 13.5% of the population. In russia it's about 14%. Does that make capitalism great?

    29. Re:Not surprising by Anonymous Coward · · Score: 0

      ...at some point with socialism...

      Tired old false dichotomy.

      You do realize that global realities change over time and what worked before may no longer work? You do realize that both socialism and capitalism might be unworkable in the long run?

      force that made the US the great country and world superpower it is

      What made America a great power is geographical and social confluence of many factors, its so-called "capitalism" being one of the lesser ones. Hell, wholesale theft of land from the natives was the founding event and formed the core mentality of the nation. To skip over many, many details (such as slavery, robber barons, company skrit, etc), having all your competitors fuck each other up in two world wars while you are protected by a great distance and nightmare logistics had also something to do with it. And so on, and on and on. Capitalism my ass.

    30. Re:Not surprising by Anonymous Coward · · Score: 0

      Found the Baby Boomer!

    31. Re:Not surprising by Anonymous Coward · · Score: 0

      'The average age of the world's greatest civilizations from the beginning of history has been about 200 years. '
      I have heard this before and I never understood.
      What do you consider a 'civilization'?
      Example:
      Rome
      Rome, the city, not the historical empire, is over 3,000 years old.
      We act like the entirety of Roman vanished in the distant past.
      But Rome is still there!
      Rome and the people who live there have been there for thousands of years.
      People are still living in buildings with foundations and walls that are thousands of years old.
      Sure, the nature of the government, the lines on maps, they have changed.
      The words people speak evolved, customs and religions changed as well.
      But Rome, and the people who live there, are just as Roman as someone living there two thousand years ago.

    32. Re:Not surprising by Kjella · · Score: 1

      They don't realize that at some point with socialism, you DO run out of other peoples' money to spend.

      Most of the time, "them" is also "us". I got my public education, now I'm paying taxes for public education. Now I'm paying taxes for public pensions, when I retire I'll have my public pension. If you work, you get unemployment benefits. Other things are like collective insurance, if I got cancer tomorrow the public healthcare system will be there for me. If I'm in a terrible car accident, I'll get my disability pension. You might say all of this could have been organized privately and in theory it could, but in reality many people can't see past their next paycheck. If you didn't have unemployment benefits many recently fired would have $0 in the bank and $0 income. And there's really no sane person who would want to be without catastrophic health insurance. Yes, it becomes an argument about who should be paying for public parks if you don't go to public parks but it's not the end of the world.

      The really big problem comes when there is a distinct "them" and "us". A classic hot-button topic in Europe at the moment is immigration, also for a number of other reasons but the economic transfer of wealth from the natives to the migrants/refugees is a big part of it. We've finally come to the point here in Norway where we dare to do the math. Native male, 25 to death: +$400k. Non-western migrant, 25 to death: -$700k. I was young. I will be old, hopefully. I might get sick or injured. But I'll never be a migrant, should I work my butt off so they can have a welfare state? I realize they don't know the language or the culture, don't have the same education level and we took them in due to war and alleged persecution not as migrant workers so I wasn't expecting the numbers to be equal. But it's still a choice we make by granting them entry that we can't be blind to.

      --
      Live today, because you never know what tomorrow brings
    33. Re:Not surprising by Anonymous Coward · · Score: 0

      The underlying assumption on both sides of the argument that we now live in a free market capitalist society is faulty. The US hasn't primarily been a free market capitalist society for a very very long time. Maybe a century or more.

      All money is currently a debt to the Federal Reserve. If you have cash horded someplace that means you got someone else to pay your debt to the Federal Reserve. And yes I understand that currency is only a temporary value store meant for transactions, but the cost and burden of monopoly money (created by the Federal Reserve) does reduce liquidity in the market and creates a trickle down market for money where big banks get the cheapest money.

      I wouldn't say this current situation meets the traditional definition of a free market capitalist system where people are free to buy and sell goods and services and accumulate capital for investment.

      A sizable portion of the economy is command and control, meaning either it is highly regulated and because of that regulation it has caused consolidation and centralization of capital or meaning that the government is actually doling out money directly.

      Either way all money is trickling down from either the Federal Reserve, through a select set of banks down to the economy or it is trickling down through politicians making spending decisions.

      There is very little room left in the economy for bread and butter type of free market transactions.

      Whether you are judging your like or dislike on the current system, it ain't because it is a free market capitalist system.

    34. Re:Not surprising by Anonymous Coward · · Score: 0

      Why should we preserve the US in its present form?

      It's a fact our gov't lies to the world to start wars -- we've done it repeatedly, resulting in the deaths of millions of innocent people in countries that never attacked us.

      Our criminal gov't refuses to enforce our laws and prosecute literal torturers in violation of the UN treaty on torture that we signed and ratified.

      Our blood-thirsty military is fighting undeclared wars in an unknown number of countries. The American people are being impoverished by war spending. We occupy 28% of Syria and have our military operating in over 100 countries -- yet we claim we're not an empire!

      Our gov't now has the widest gap between the rich and poor than at any time over the past century. And our plutocrats' response was to cut taxes for the rich and their corporations.

      Both of our ruling political parties are bought and paid for by the rich. Their corporations control whole departments of the US gov't -- so-called "democracy" and representation of the people be damned.

      It's not 1955 any more. The US is a dying empire, just like the evil British Empire was dying after WWII. Americans with any sense will work to speed the end of our empire, kill capitalism to save humanity and the environment, and work to establish an actual democratic republic.

    35. Re:Not surprising by Anonymous Coward · · Score: 0

      So the youngsters are not as stupid (collectively) as 'twould appear!

      It strikes me a blindingly STUPID, to just give up on, and throw out the whole driving and sustaining force that made the US the great country and world superpower it is.

      They don't realize that at some point with socialism, you DO run out of other peoples' money to spend.

      Define "socialism", and is your definition the same as the survey respondents'?

      One quip I ran across recently:

      Neoliberal: Actually the Nordic states are extremely capitalist aside from their generous welfare states

      Me: Cool can we also become extremely capitalist with a very generous welfare state or whatever?

      Neoliberal: That’s socialism, which has failed every time it has been tried

      * https://twitter.com/neoliberal_dad/status/1029886389142335488

      As applied to US politics:

      So if you think Denmark looks pretty good, Republicans say you're a socialist, and people start to think socialism looks pretty good too. If the GOP then pretends that support for "socialism" means wanting government control of the means of production, that's bait-and-switch 4/

      * https://twitter.com/paulkrugman/status/1029725793453305858

      Perhaps "young Americans" aren't so much positive about "socialism" and negative against "capitalism", but rather they don't like the cards stacked against them with regards to social/class mobility and generally dislike 'too much' inequality; i.e., this isn't about who owns the means of production.

      There seems to be a correlation between higher Gini coefficient (i.e., more equality) and less mobility:

      * https://en.wikipedia.org/wiki/Great_Gatsby_curve

      I think a lot of people are fine with "winners" and "losers" in The Market(tm), as long as everyone gets a fair shake in the game.

    36. Re:Not surprising by amicusNYCL · · Score: 1

      The story is also no longer on the front page.

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    37. Re:Not surprising by Anonymous Coward · · Score: 0

      Just like with capitalism, you always end up running out of other countries to exploit.

      If wealth is a zero-sum game, capitalism is unsustainable by definition, as a wealthy class cannot exist without an underclass to exploit.
      If wealth is not a zero-sum game, then money can be printed infinitely to solve all problems.

      This is the logic that right wingers cannot handle, even though it is perfectly true.

  2. Capitalism is fine by Anonymous Coward · · Score: 5, Insightful

    As long there is strong regulation behind it keep things honest and upfront.
     
    No-small-print capitalism.

    1. Re: Capitalism is fine by Stolovaya · · Score: 5, Insightful

      This, exactly. Capitalism isn't bad in and of itself. It's when it's unregulated that it becomes a nightmare. And you need to mix in some socialist branches (like we do already, such as libraries, law enforcement, etc.).

    2. Re: Capitalism is fine by Anonymous Coward · · Score: 5, Insightful

      Except those branches are being sold out to profit-extracting enterprises.

      Just look at the private prison industry.

    3. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Yup. All what a true functional capitalism needs is a true free, fairly arbitrated market. Not a controlled market trough principles of utopian ideologies.

    4. Re: Capitalism is fine by UnknowingFool · · Score: 0, Troll

      Given this administration, regulation and science seems counter to their ideals. For example, the EPA is considering allowing asbestos on a case by case basis even though its carcinogenic properties are well known. One way suggested is been to re-define what is asbestos to allow certain products.

      --
      Well, there's spam egg sausage and spam, that's not got much spam in it.
    5. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      The problem with capitalism is that none of the participants want it to work properly. Everyone wants their own share to be unreasonably big, and only when everyone is equally powerful does this balance work. The moment anyone gains too much power, they will use that to further upset and corrupt the checks and balances.
      Money and power needs to be separate.

    6. Re: Capitalism is fine by Anonymous Coward · · Score: 4, Insightful

      Privatization is everywhere. The more general services we rely on become privatized (plus voncentrated) and not public resources, the more rights we lose to those private "entities" because businesses are "people" which have "rights."

    7. Re: Capitalism is fine by Synon · · Score: 0

      Private prisons hold a pretty small percentage of prisoners, I think its peak was around 8% and it has been dropping since then.

    8. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Except those branches are being sold out to profit-extracting enterprises.

      Just look at the private prison industry.

      whoosh, the argument zooms over your head! that's what regulations are supposed to be for, to prevent corruption like this from happening

    9. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Depends on what you call a "prison" the private prison system has moved on to promoting and profiting from things like immigration where the voting public has been less exposed to abuses of the system. Why do you think the very same people in congress that were promoting the private prison industry are all for draconian immigration policies now?

    10. Re: Capitalism is fine by Rick+Schumann · · Score: 0

      I agree with this, and this being said, what we've got here in the U.S. at the moment does not have much at all in the way of 'strong regulation', and the current Administration seems hell-bent to remove what little regulation and consumer protection exists.

    11. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      It's a little click-baity and sensationalist to dress the debate on the government responsibilities, rights and responsibilities of the citizens and societal contracts between the government and the citizen as a conflict between economic systems.

    12. Re: Capitalism is fine by Anonymous Coward · · Score: 1, Interesting

      This, exactly. Capitalism isn't bad in and of itself. It's when it's unregulated that it becomes a nightmare. And you need to mix in some socialist branches (like we do already, such as libraries, law enforcement, etc.).

      the opposite is also true. it can be bad when over regulated as well. even more so when your regulators are corrupt.

    13. Re: Capitalism is fine by Thelasko · · Score: 5, Insightful

      Capitalism is just a tool to accomplish a task. When it's the wrong tool for a particular task, it becomes a nightmare. The need for regulation points to some of it's lesser shortcomings.

      Some people worship it like it's Emacs or something.

      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    14. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Then you have to find people who aren't motivated in money to regulate it.

    15. Re: Capitalism is fine by angel'o'sphere · · Score: 4, Funny

      EMACS is not that bad!
      It has a vi emulator!

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    16. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Yup.

      Adam Smith, arguably the father of capitalism *literally* says this in The Wealth of Nations, and lists out some markets that need to be regulated because regular supply and demand fail.

    17. Re: Capitalism is fine by LynnwoodRooster · · Score: 0, Troll

      Over-regulation is, in fact, Fascism.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    18. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      What's my "not"?

    19. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      There are no limitations. The pie is not finite.

    20. Re: Capitalism is fine by Thelasko · · Score: 4, Insightful

      As long there is strong regulation behind it keep things honest and upfront. No-small-print capitalism.

      True capitalism assumes perfect information in the market to determine a price. Unfortunately, we live in a world of imperfect information.

      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    21. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Yeah, but can it run Doom?

    22. Re: Capitalism is fine by Solandri · · Score: 1, Informative
      While that's true, the flip side is that too much regulation can also become a nightmare. In fact several of the problems we have that people incorrectly attribute to capitalism, have actually been caused by government regulation run amok.
      • The "need" for net neutrality does not exist because capitalism allowed huge corporate ISPs to gain control of people's Internet access. It exists because local governments awarded monopolies to cable and phone ISPs. Capitalism wants to introduce other ISPs to make it a competitive marketplace, but is blocked by government regulations prohibiting competing ISPs. If you had a choice of multiple ISPs and you ISP began throttling Netflix to try to extort money from Netflix, you wouldn't have to sign petitions or hope for government action. All you'd have to do is terminate service with that ISP and sign up with a different ISP who didn't throttle Netflix. Net neutrality is only "needed" because government regulation created and protects the cable monopolies.
      • The massive rise in the cost of school tuition wasn't caused by the capitalistic market for colleges and universities. It was caused by government subsidies which made massive amounts of money in the form of grants and loans (money time-shifted from your future) available to prospective students. When supply and demand for something remains the same, but you double the amount of money available to the buyers, the market price doubles. Most of the complaints by Millenials that things their parents had are unffordable to them (like a house) stem from this government regulation-produced problem.
      • We dodged a bullet when the U.S. refused to go along with GSM as a digital cellular phone standard. GSM (initially) relied on TDMA - each phone takes turns talking to the tower. That worked fine for low-bandwidth applications like voice, but is incredibly wasteful for bursty high-bandwidth applications like data. Even if a phone doesn't need part or all of a data timeslice, it still takes up that bandwidth simply because it's that phone's turn. The U.S. refusing to require GSM gave CDMA services a chance to develop. In CDMA, all phones transmit at the same time using orthogonal codes (kinda like writing horizontally and vertically on the same sheet of paper - the letters are orthogonal enough that you can read both even though they overlap). They see the transmissions of the other phones as noise, which reduces their signal-to-noise ratio, and thus automatically reduces the bandwidth available to each phone. Within a year of 3G cellular data rolling out, GSM threw in the towel, licensed CDMA, and amended the GSM spec to make wideband CDMA the offficial 3G data channel on GSM. That's why you could talk and use data at the same time on GSM phones - they had a TDMA radio for voice, and a separate CDMA radio for data. Since LTE mostly uses OFDMA (which uses orthogonal frequencies instead of orthogonal codes like CDMA), CDMA served as the proof of concept that this crazy "let everyone transmit at the same time" idea really worked on a nationwide network. So if the U.S. had tried to over-regulate cellular services like Europe did, There would be no CDMA, LTE would've been delayed by nearly a decade, and our cellular data speeds today would probably be down below 1 Mbps. That's right, CDMA won the GSM vs CDMA war. And if it hadn't been for a gap in the regulatory armor protecting GSM, we'd all be stuck with vastly inferior cellular data today.

      As with most things like life, too little and too much are both bad.

    23. Re: Capitalism is fine by ranton · · Score: 0

      As long there is strong regulation behind it keep things honest and upfront. No-small-print capitalism.

      These surveys are more likely a result of ambiguous definitions behind capitalism and socialism. If you think of Scandanavia as socialism then you will probably have a better opinion of socialism than if you are thinking about China/USSR.

      My guess is nearly everyone who disliked capitalism and like socialism thinks Sweden is a socialist country and that Communism was merely a perversion of socialism.

      --
      -- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
    24. Re: Capitalism is fine by Dread_ed · · Score: 1

      Look at the prison industry period. Who do you think those private entities got the idea from? Most importantly, if you are under the impression that there aren't people getting fabulously wealthy through the non-private prison industry you need to do some additional research.

      --
      When the only tool you have is a claw hammer every problem starts to look like the back of someone's skull.
    25. Re: Capitalism is fine by Dread_ed · · Score: 1, Insightful

      WRONG! Regulations are to keep only the people who are currently in business from having to share the pie with new, up and coming businesses. Kill the competition by raising the cost of entering the competition. If you're not already in the ring, you can't play. Period.

      --
      When the only tool you have is a claw hammer every problem starts to look like the back of someone's skull.
    26. Re: Capitalism is fine by farble1670 · · Score: 1

      While that's true, the flip side is that too much regulation can also become a nightmare.

      Thank god we have minds that allow us to deal in things other than black and white.

    27. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      "guns are not bad in and of itself...

    28. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      No, perfect capitalism requires perfect information. Good enough capitalism requires good enough information.

      Also, perfect socialism requires perfect information.

    29. Re: Capitalism is fine by farble1670 · · Score: 4, Informative

      Over-regulation is, in fact, Fascism [wikipedia.org].

      Not according to your link:

      An important aspect of fascist economies was economic dirigism,[16] meaning an economy where the government often subsidizes favorable companies and exerts strong directive influence over investment, as opposed to having a merely regulatory role. In general, fascist economies were based on private property and private initiative, but these were contingent upon service to the state.[17]

      The article directly contrasts fascism with government regulation.

    30. Re: Capitalism is fine by Stolovaya · · Score: 1

      True. And?

    31. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      I think you mean Vim.

    32. Re: Capitalism is fine by Wild_dog! · · Score: 1

      Is government the one doing the blocking of competition or is it the monopoly via political crony-ism keeping the monopoly?

      Seems that our local government wanted to introduce more competition by putting in fiber and leasing it to any ISP, but the political winds of the monopolies blew into the state house and stamped out our local governments pro-competitive push.

    33. Re: Capitalism is fine by werepants · · Score: 1

      Over-regulation is, in fact, Fascism.

      Your link says nothing of the sort.

      Second sentence of your citation: "Historians and other scholars disagree on the question of whether a specifically fascist type of economic policy can be said to exist."

    34. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Information doesn't need to be perfect to prevent abuse, just symmetric. Perfect information leads to more efficient markets true, but it's not necessary to 'fair' markets.

    35. Re: Capitalism is fine by I+kan+Spl · · Score: 1

      Yes. Doom-emacs mode is supported.

      https://github.com/hlissner/do...

      --
      My UID is prime and so is this number: 09 F9 11 02 9D 74 E3 5B D8 41 56 C5 63 56 88 C0.
    36. Re: Capitalism is fine by Tupper · · Score: 4, Insightful

      True capitalism assumes perfect information in the market to determine a price. Unfortunately, we live in a world of imperfect information.

      Fortunately, the other systems don't need perfect information to be perfect. Oh wait, they do.

      A free market may not be "perfect" but it's a better solution to the calculation problem than the alternatives.

    37. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      That's only a problem when the consumer is too lazy to consider the consequences of their spending. Consumers in America are shitbags because Americans are shitbags.

    38. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      True capitalism assumes perfect information in the market to determine a price. Unfortunately, we live in a world of imperfect information.

      So fucking what? Nothing is perfect, ll take imperfecct capitalism before any kind of socialism.
      I was living in socialism (before 1989) for 25 years. "Socialism" is rotten system in its very core and always results in autocratic oppressive regime "in the name of equality". The equality is never achieved, such failure is tried to be fixed by more control, losing freedoms - both economic and political, trying to control every aspect of human interaction and finishing in complete dictatorial disaster.

    39. Re: Capitalism is fine by Anonymous Coward · · Score: 1

      Emacs is more like bloated Socialism.

      VIM is more like raw capitalism (or even better, vi).

    40. Re: Capitalism is fine by oogoliegoogolie · · Score: 1

      I disagree. Rather I believe that too much regulation is the problem.
      There are too many laws and regulations that prevent markets to naturally adjust to new products and changes in consumption patterns & consumer tastes. Artificial barriers to entry are erected using copyright, patents, regulations, legal harassment, etc. that hold back new and better ideas & products & services from being presented to the consumer. These barriers are usually put in place as the result of lobbing & favors given by companies that already are entrenched in their industry.
      As with most economic theories, pure capitalism (and even pure communism) makes sense, looks good, logical, and practical on paper, and might work, but only if they would remain pure and not the subject of external influence, greed, politics, or favors.

    41. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      The market does indeed self correct, even with the imperfect regulations and information we have now.

      The problem with allowing the market to self correct is that what the market corrects is itself. That's it.

      The market doesn't care about people, jobs, families, communities, your health, climate change, pollution, or if a food additive kills you.

      Without intervention, you eventually have a handful of companies making everything and a crap ton of people out of work with no safety net, and a few trillionaires with all the money.

      Not a great look for a civilization.

    42. Re: Capitalism is fine by LynnwoodRooster · · Score: 1

      What is the sentence after that which you bolded? Contingent upon what? How is that enforced?

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    43. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      You sound rich.

    44. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      So you use emacs, then?

    45. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      WRONG! Regulations are to keep only the people who are currently in business from having to share the pie with new, up and coming businesses.

      False. That is not the purpose of most regulations. You may get that as a side effect if your not careful or sometimes if you are. An example of regulations is building codes. You build to these standards and your house will probably be okay. It protects the buyer from substandard junk and promotes public safety and increases value. Now you can argue if a particular county or city goes too far, but that just means you have more regulations than are required or the wrong regulations, not that regulations are inherently bad.

      Kill the competition by raising the cost of entering the competition. If you're not already in the ring, you can't play. Period.

      While you may get that effect such as with regulations requiring a licensed electrician to do the work or something, that is not the primary purpose, and even then there are sometimes exceptions you can apply for.

      Put another way, capitalism by itself only optimizes for cost and generally not over a vast time period.

      Regulations allow us to potentially sacrifice short term cost advantages for longer term advantages in other areas, and in many cases can save money long term, since government can and should think long term.

      Should we allow cars to skip all emissions to save half the cost of the car? We'll do you care about breathing? The next generation breathing?

    46. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      And the only problem is that no matter how well-regulated your capitalism starts, it eventually becomes a monster. No exceptions.

    47. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      True capitalism assumes perfect information in the market to determine a price. Unfortunately, we live in a world of imperfect information.

      By this logic, prices don't exist.

    48. Re: Capitalism is fine by terrycarlino · · Score: 1

      The fact is that we use, industrially, many substances which can lead to health risks if misused. So the real question, which is not discussed by the link, is what kinds of uses of asbestos are being considered and what kinds of mitigations will be in place to insure the use is safe?

      The fact the EPA is looking at allowing use of the substance is itself not counter to science. We let people use gasoline, which can be carcinogenic under the right circumstances. A s matter a fact, according to California law we allow people to use all kinds of things which the state of California knows can cause cancer under the right circumstances. It's all about mitigation and whether there is another way to accomplish the goal of the use which is just as good and has no risks.

    49. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      That's like saying having an upside-down pyramid are fine, as long as the winds line up just right to prevent it from collapsing.

      The state does not exist to ensure the welfare of the population against the interests of the owners of capital. On the contrary, it is most a mediator between the varying and sometimes opposing interest of the ruling class, with some influence from the masses, which keeps the system stable enough (usually) so that it doesn't totally crash, and the masses are not so poor and disgruntled they might revolt. But even with that limitation, the state tends to allow and even encourage the continued concentration of capital _endemic_ to Capitalism, regulation or no.

    50. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Capitalism is just a tool to accomplish a task. When it's the wrong tool for a particular task, it becomes a nightmare. The need for regulation points to some of it's lesser shortcomings.

      Some people worship it like it's Emacs or something.

      Yes, but nothing can compare to Emacs... not VIM not anything.. please tell me nothign can compare to Emacs! Nothing compares to Emacs! Right? right?
      I am sure I can find a capitalism plugin for Emacs somewhere... so there!

    51. Re: Capitalism is fine by dave420 · · Score: 1

      That's what happens when the government is in the pocket of business. If it isn't, then that doesn't happen.

    52. Re: Capitalism is fine by kaatochacha · · Score: 1

      They store them next to the Unicorns on aisle 42.

    53. Re: Capitalism is fine by farble1670 · · Score: 1

      What is the sentence after that which you bolded?

      I'm quoting from the article you linked. If you want to read the context, go back and read the article you linked.

      Contingent upon what? How is that enforced?

      ??? They are talking about political and economic theories, not practices. Again, it's the article you linked.

    54. Re: Capitalism is fine by XxtraLarGe · · Score: 1

      That's what happens when the government is in the pocket of business. If it isn't, then that doesn't happen.

      You almost got it right. The problem is that government has enough power that it's worth being bought. Reduce the power, reduce the corruption.

      --
      Taking guns away from the 99% gives the 1% 100% of the power.
    55. Re: Capitalism is fine by LynnwoodRooster · · Score: 1

      In general, fascist economies were based on private property and private initiative, but these were contingent upon service to the state.

      You quoted that, and ignore that. I bolded it. Yes, you can be private and "capitalistic" as long as the needs of the State are met first. And that is done how? By regulation.

      Comrade, you can do what you want and earn what you want, as long as it is in the interest of Mother Country and Mother Country gets to dictate what you are allowed to do with what you earned.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    56. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      As long as you don't have Regulatory Capture.

    57. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Not just strong regulation, but also a VERY strong punishment/fine system to truly discourage businesses from breaking regulations when it still benefits them financially in the overall sense. I'm talking something akin to a public hanging of CEO or at least a life sentence in a "pound me in the ass" prison (not that minimum security vacation prison stuff). When it's easier to pay the fine than adhere to the regulations, then regulations aren't enough control.

    58. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Y'all need some Das Kapital in your life. There's no Capitalism with adjectives, there's just Capitalism, and it follows a certain path. What we're seeing now is the Declining Rate of Profit -- as workers are less able to afford what they produce, or indeed live, Capitalism externalizes its contradictions by seeking new consumer markets and new labor markets, only to move on when those aren't enough.

      It's a snake eating it's own tail. Because it is based on the assumption that there must be growth or die, and the assumption that resources are unlimited also that equity of distribution doesn't matter, Capitalism digs its own grave.

      Do yourself a favor and read non-Capitalist sources on Capitalism. It's a dying ideology and it doesn't give a flying fuck about you or yours, unless you're on top in which case you're working on your exit plan and bunkers. It's important to face how the system actually works as opposed to the mythology taught in Econ 101 and the advanced form, the MBA. That stuff is propositional, isn't even material.

    59. Re: Capitalism is fine by XxtraLarGe · · Score: 1

      we have minds that allow us to deal in things other than black and white.

      Except when it comes to the regulators.

      --
      Taking guns away from the 99% gives the 1% 100% of the power.
    60. Re: Capitalism is fine by farble1670 · · Score: 1

      In general, fascist economies were based on private property and private initiative, but these were contingent upon service to the state.

      Service to the state is not regulation. The article even states that directly so people like you don't get confused.

      Service the state is "... produce more tanks". Regulation is "... treat your water before dumping it into the lake." See the difference? The former is setting the direction of industry, the latter is putting limitations on how industry can achieve their goals.

    61. Re: Capitalism is fine by Duhavid · · Score: 1

      That is what regulation is all too often used for, but that is not what it should be used for.

      --
      emt 377 emt 4
    62. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Yeah, businesses bribing politicians for regulations/taxes/laws that benefit them is super honest and upfront....

      It's almost like you can't trust the government to regulate businesses because it's made up of corruptible people!

    63. Re: Capitalism is fine by Duhavid · · Score: 1

      I interpret his statement to mean that money should not influence political decision making.
      To me, that means contribution limits on individuals and corporations.
      The limits on individuals should be small, the limit on corporations should be zero, or less.

      A corporation exists to make money.
      It spends money to enable making more money.
      Corporate money in the political process is to purchase legislation and other influence.

      --
      emt 377 emt 4
    64. Re: Capitalism is fine by LynnwoodRooster · · Score: 1

      So how does the State ensure that it is serviced? And the granting of private property, and the right to privately own something, was based upon your pre-agreed subservience to the State.

      Service to the State can also be "you must pay $X/hour wages. You must provide Y benefits. You must give Z% of your income to this. You must use A/B/C as your suppliers". All done via regulation.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    65. Re: Capitalism is fine by redlemming · · Score: 1

      As long there is strong regulation behind it keep things honest and upfront. No-small-print capitalism.

      True capitalism assumes perfect information in the market to determine a price. Unfortunately, we live in a world of imperfect information.

      That's not even remotely true. Capitalism - by definition - means private owners (the capitalists) control the means of production, as opposed to Socialism where -by definition - the workers control the means of production.

      Capitalism has nothing to do with the presence or absence of perfect information in markets.

      It is a very common strawman to construe capitalism as requiring something impossible in the real world - but such claims are nothing more than propaganda. Both capitalist and socialist businesses have to work in the real world, where imperfect information in markets is the norm.

      Further, capitalism requires regulation, since regulations (law, particularly property and contract law) are needed for ownership to exist.

    66. Re: Capitalism is fine by farble1670 · · Score: 1

      Service to the State can also be "you must pay $X/hour wages. You must provide Y benefits. You must give Z% of your income to this. You must use A/B/C as your suppliers". All done via regulation.

      That's not fascism. I'm not saying that those things are good or bad, but you are not using the right words to express yourself. The wikipedia article *you* linked contradicts your point. It explicitly goes out of it's way to make sure no one is confused about the point you yourself made incorrectly. You linked it. Did you read it?

      I guess you have some agenda where you want to be able to claim that government regulation is actually fascism, therefore anyone that promotes regulation is a fascist? Like, requiring industry to treat water: fascism. Minimum wage? Fascist. Sounds good, after all, fascism is the naughty insult of the day. Good luck.

    67. Re: Capitalism is fine by Bert64 · · Score: 1

      Only capitalism *is* bad in and of itself, which is exactly why it requires regulation to mitigate those flaws...

      --
      http://spamdecoy.net - free throwaway anonymous email - avoid spam!
    68. Re: Capitalism is fine by The+Cynical+Critic · · Score: 1

      You forgot to add "/joke" or "/sarcasm" at the end there...

      --
      "Why should I want to make anything up? Life's bad enough as it is without wanting to invent any more of it."
    69. Re: Capitalism is fine by Memnos · · Score: 1

      The elusive secret to regulation is to derive it without undue influence. A playing field is only as level as the referees are interested in making it. The referees may study the game, but they may never be involved with the playing of it.

      --
      I don't trust atoms -- they make up stuff.
    70. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Have you ever noticed that EMACS key combinations are a little Cthulhu like?
      Have you ever tried:
      ctrl+fhtagn ph nglui mglw’nafh

    71. Re: Capitalism is fine by jblues · · Score: 1

      WRONG! Regulations can be abused. That doesn't make well regulated capitalism less effective than a free-for-all.

      Capitalism works because of trust and contracts between the participants. When things don't work out, what recourse do people have? In well developed economies, there is a well functioning legal system, at the big end of town, and variously named departments like Consumer Affairs to enforce ethical retail standards, at the little end of town.

      It is also difficult to factor in the cost of externalities without regulation.

      --
      If it acquires resources on instantiation like a duck, then its a shared_ptr<Duck>
    72. Re: Capitalism is fine by Powercntrl · · Score: 1

      Capitalism wants to introduce other ISPs to make it a competitive marketplace, but is blocked by government regulations prohibiting competing ISPs.

      The bigger problem is there's not too many investors who think it's a great idea to compete in a saturated market, against cable companies with very deep pockets.

      --

      ---
      DRM is like antifreeze, to the MPAA/RIAA it's sweet, to the consumers it's poison.
    73. Re: Capitalism is fine by jellomizer · · Score: 1

      The problem is we got hit with too much anti-communist propaganda back in the Cold War. And nearly any effort was given to show the difference between a communist and a socialist. So when we hear socialism we think bread lines.

      --
      If something is so important that you feel the need to post it on the internet... It probably isn't that important.
    74. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Long live Mises!

    75. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Wrong. It is strong regulation that got us to where we are today. It was so very much easier to make things work back in the 60's. Today whatever you try to do you have the law breathing down your neck. Need to change that culture.

      Regulations only apply to the little guys anyways. If you are rich enough, you just buy the silence of the police by making "campaign contributions" to politicians, who call up the chief and tell them to lay off.

    76. Re: Capitalism is fine by K.+S.+Kyosuke · · Score: 1

      So you replace corruption with unregulated whimsy of private individuals and companies? Out of the frying pan, into the fire.

      --
      Ezekiel 23:20
    77. Re: Capitalism is fine by noodler · · Score: 1

      What?? Capitalism IS bad in and of itself. That is EXACTLY why we need the regulations. If you can't control it it will consume everything. The problem is with its unsatiable drive to make profit over everything else. Even to the point of becoming irational.

    78. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Businesses are NOT people! People are slaving for businesses (0.01%).

    79. Re: Capitalism is fine by LynnwoodRooster · · Score: 1

      No, that is EXACTLY fascism. Fascism uses regulation to effectively nationalize businesses, whilst leaving the "veneer" of private enterprise. All things private must be done for the betterment of the State - and the way that is accomplished is via regulation and oversight, NOT direct ownership (which would be Socialist).

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    80. Re: Capitalism is fine by DigressivePoser · · Score: 1

      When I hear Venezuela, I think of Socialism and guess what: Venezuelas bread wars with food scarce government accuses bakers of hoarding

      So I guess the propaganda continues.

    81. Re: Capitalism is fine by mapkinase · · Score: 1

      No. Everything should be small print. Regulation needs to be very complicated, and left for machine intellect.

      --
      I do not believe in karma. "Funny"=-6. Do good and forbid evil. Yours, Oft-Offtopic Flamebaiting Troll.
    82. Re: Capitalism is fine by bmxer4130 · · Score: 0

      I profit a lot from capitalism, and that's made me more intimate with it.. Crony capitalism IS capitalism. It's the natural evolution of capitalism. Capitalism is based off of generating profit through the surplus of workers' labor, and will always tend towards inequality because of that. There is no ethical consumption under capitalism. It will always be exploitative, and regulations will always be circumvented.

    83. Re: Capitalism is fine by bmxer4130 · · Score: 0

      Whereas you have to turn on evil mode manually in emacs, you literally can't turn it off in capitalism.

    84. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      True capitalism assumes perfect information in the market to determine a price. Unfortunately, we live in a world of imperfect information.

      No. The simplified model of markets economists use to argue that a free market sets prices assumes perfect information. That a simple model makes a simplifying assumption does not mean the real system in the real world will fail if the assumption is wrong.

      Empirical observation of real economies shows that a free market does actually do a better job pricing things than central planning, third party payments, etc.

      An analogy: In an introductory physics class, you do a calculation of how gravity makes a rock fall to the ground. Your simplified model does not include the force of air against the rock as it falls. If someone said "your model assumes that there is no air between the rock and the ground. Therefor, gravity is bogus.", you would respond that while the model is a simplification, it is a reasonable one.

    85. Re: Capitalism is fine by mi · · Score: 1

      It's when it's unregulated that it becomes a nightmare

      No, it does not, kamrade.

      I may be unable to keep an eye on cereal-ingredients myself, but that does not mean, the role belongs to government. Consumer Reports and the like organizations can take the FDA's role any day.

      --
      In Soviet Washington the swamp drains you.
    86. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Yeah, those that push for some "perfect capitalism" are bonkers. It'll never, ever happen. Its too exploitable. This is why we have The Dictatorship of The Proletariat. We quite literally guillotine those that try to implement capitalism. Because they'll never stop trying to institute a brutal system that relies on wealth disparity and wanton suffering of people and the ecosystem so they can live like demigods.

    87. Re: Capitalism is fine by Stolovaya · · Score: 1

      Yes, I'm sure Consumer Reports will keep companies from dumping waste into water sources, or paying minimum wage, etc. So what you wrote makes no sense.

    88. Re: Capitalism is fine by Stolovaya · · Score: 1

      That's the evolution *if there is no regulation*, so no, that's a dishonest definition.

    89. Re: Capitalism is fine by Stolovaya · · Score: 1

      Capitalism: "an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state."

      Can you tell me how that is inherently bad? And I already said unregulated capitalism is a nightmare.

    90. Re: Capitalism is fine by Stolovaya · · Score: 1

      We don't need a pure (any political or economic) system. We need a mix.

    91. Re: Capitalism is fine by Stolovaya · · Score: 1

      Can you tell me how "an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state." is bad in and of itself?

      Just about *anything* unregulated can be bad.

    92. Re: Capitalism is fine by farble1670 · · Score: 1

      No, that is EXACTLY fascism. Fascism uses regulation to effectively nationalize businesses

      No it doesn't, and you've provided nothing other than your opinion that it does. Again, the article you linked on fascism says exactly the opposite.

      Now, I'm sure you'd like it to mean that because then you could call anyone that suggest any sort of regulation fascists and thereby associate them with Nazi Germany and the killing of 6 million Jewish people. Good luck with that.

    93. Re: Capitalism is fine by mi · · Score: 1

      Consumer Reports will keep companies from dumping waste into water sources

      Police — and courts — will.

      paying minimum wage

      Minimum wage, tovarysh Toshnilovka, is a Socialism invention. There should simply be no such thing.

      --
      In Soviet Washington the swamp drains you.
    94. Re: Capitalism is fine by Stolovaya · · Score: 1

      But if it's unregulated, what actions specifically would the police and courts take?

      That can be easily abused (see: China). I'm good with minimum wage...that's fine. Some aspects of socialism are good.

    95. Re: Capitalism is fine by amicusNYCL · · Score: 1

      You understand that not every country with socialist policies is like Venezuela, right? Canada, Japan, and Finland have socialist policies.

      So, yeah, the propaganda definitely continues.

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    96. Re: Capitalism is fine by amicusNYCL · · Score: 1

      Minimum wage, tovarysh Toshnilovka, is a Socialism invention. There should simply be no such thing.

      Feel free to complete the thought.

      Why does a minimum wage exist? If we never needed one, then why do we have one?

      If people thought that minimum wage was a solution to a problem, what is that problem that it was trying to solve? Why did that problem exist in the first place? If minimum wage is not the solution to that problem, then what is the solution?

      I mean, these things don't happen in a vacuum. There are historical reasons why we did things. If you want to argue against something then you need to at least take the historical context into account in your explanation for why we should or should not do something.

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    97. Re: Capitalism is fine by mi · · Score: 1

      Look up "tort" (and I don't meant sweet cakes). If you are harmed by somebody's actions — such as toxic waste-dumping — you can sue them.

      That can be easily abused (see: China).

      What do you want me to "see" in China? They aren't a free country...

      Some aspects of socialism are good.

      None. The second you allow for the Glorious Collective to become more important than the Individual, you are on your way to mass murder.

      --
      In Soviet Washington the swamp drains you.
    98. Re: Capitalism is fine by mi · · Score: 1

      Why does a minimum wage exist? If we never needed one, then why do we have one?

      Because, as Jefferson forewarned, "It is in the natural course of events that liberty recedes and government grows.

      There are historical reasons why we did things.

      With this kind of argument you can defend lots of things. I'll steer clear of the Godwin's Law, and use the example of Soviet Collectivization instead. Was it a good things just because it was done for some reasons — many of them "historical"?

      --
      In Soviet Washington the swamp drains you.
    99. Re: Capitalism is fine by lessthan · · Score: 1

      Youâ(TM)re right. I don't have much knowledge about charities. What information I have comes from the news, which is always when something has gone catastrophically wrong. Most of those stories are from the other side though, refusing to adopt to gay people, refusing to allow gay people from participating in events, etc..

      --
      Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
    100. Re: Capitalism is fine by DigressivePoser · · Score: 1

      Here we go again comparing Venezuela with free capitalist countries. Technically Venezuela is capitalist too but no one wants to invest there because the socialist government will steal the capital and give it to the "poor". Anything left in private hands is choked by centrally dictated price controls. Market forces have been distorted by the government. It's not possible to make money (unless you are in the ruling elite). That's why you have bread lines and no toilet paper. It's unfortunate for the people living there, but thank God Venezuela happened. It's been a huge thorn in the sides to useful idiots in the US that want heaping doses of socialism here.

    101. Re: Capitalism is fine by amicusNYCL · · Score: 1

      Ah. We have a minimum wage because it was prophesied by Jefferson. I didn't realize that, I appreciate the history lesson.

      Was it a good things just because it was done for some reasons — many of them "historical"?

      I'm not saying it is good because it is historical. I'm saying there are reasons why people did things, and if we forget the reasons then it might be possible that we might repeat the same mistakes. I think some smart person said something about that at some point.

      So, really, if you want to argue that a minimum wage is bad then we need to look at the history about why we have one, what problems it was supposed to solve, etc. Just being an ideologue and saying "minimum wage is bad because it's not capitalist" misses the point of why we collectively decided we needed one. If you want to talk about why it's bad then let's talk about the reason we have one and what other solutions could be used to solve those problems.

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    102. Re: Capitalism is fine by amicusNYCL · · Score: 1

      I'm not comparing Venezuela with anything, I didn't bring Venezuela into this conversation. There are plenty of socialist policies that work fine. We can look at failed systems like Venezuela and find cautionary tales, but it's not accurate to say that any socialist policies are going to inevitably fail like theirs did.

      A heaping dose of socialism in the US would cause major problems for a lot of people. It would be a lot better to augment the existing socialist policies that we already have with new ones that have been shown to be effective around the world and stem a major backlash against capitalism when the baby boomers die and the voting demographic changes to people who think they might not be served by the current system.

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    103. Re: Capitalism is fine by Bert64 · · Score: 1

      Because as per the design of the system, those private owners will choose personal profit even if it comes at the expense of society as a whole. Without regulation you will end up with a totalitarian system once a particular group has acquired sufficient resources to have enough control. Such a situation will inevitably occur because it is more profitable to collude than to compete.

      Capitalism is designed to work this way, and will inevitably end up that way unless regulated.
      Most other systems are not designed to end up this way, but do so due to corruption.

      --
      http://spamdecoy.net - free throwaway anonymous email - avoid spam!
    104. Re: Capitalism is fine by mi · · Score: 1

      We have a minimum wage because it was prophesied by Jefferson.

      You aren't in front of a jury, lawyer, where such sniping may score points with those suffering from attention deficit.

      about why we have one, what problems it was supposed to solve

      That's your duty, if you wish to advocate for it.

      "minimum wage is bad because it's not capitalist"

      That's perfectly enough. Your attempts to re-spin a principled stand as being an ideologue does not change the underlying nature of the argument: the introduction of "minimum wage" reduced the Liberty and increased the role of Government in our lives. As Jefferson prophesied it will.

      --
      In Soviet Washington the swamp drains you.
    105. Re: Capitalism is fine by Dread_ed · · Score: 1

      When the tags "/joke" and "/sarcasm" are interchangeable with "/America," one might begin to wonder what the hell is going on.

      I am continually offended by the lack of regard for the misuse of government power at the hands of wealth concentrating entities. The only thing more disheartening is how many of my fellow Americans are willing to participate in it with their eyes open and how many of them are complacent to it even when it works against their interests and the interests of their progeny.

      --
      When the only tool you have is a claw hammer every problem starts to look like the back of someone's skull.
    106. Re: Capitalism is fine by Stolovaya · · Score: 1

      I'm not really sure what you're arguing about. I've defined what capitalism is, and why regulation is needed.

    107. Re: Capitalism is fine by Stolovaya · · Score: 1

      You come off as splitting hairs. If you're not able to dump toxic waste into water systems, that is a regulation.

      You're arguging against yourself:

      Minimum wage, tovarysh Toshnilovka, is a Socialism invention. There should simply be no such thing.

      What do you want me to "see" in China? They aren't a free country...

      So...what is China exactly in your eyes? You equate socialism with not free, but China is a mix of socialism and capitalism.

      Many people like libraries, the post office, law enforcement, fire fighters, etc. So...no, we're not on our way to mass murder.

    108. Re: Capitalism is fine by mi · · Score: 1

      You come off as splitting hairs. If you're not able to dump toxic waste into water systems, that is a regulation.

      If I am unable to do it, because the Executive branch decided, I should not be able to — that's regulation.

      If I am afraid to do it, because I may get sued by actual victims of my actions, who would successfully convince the jury that my actions have injured them — that's not "regulation".

      It is not "splitting hairs" — it is the fundamental difference between Fascism and free-markets.

      The "toxic dumps" are an easy poster-child, but other manifestations of the same Fascism are much harder for your to defend. The license-requirements are a product of the exact same mindset, for example.

      You equate socialism with not free

      No, I don't.

      Many people like libraries, the post office, law enforcement, fire fighters, etc.

      Law-enforcement can not be done privately. Libraries, mail-delivery, and fire-fighting can — and therefore should.

      no, we're not on our way to mass murder.

      Every time we succumb to the rhetoric like "This may inconvenience some, but is better for the Greater Good" we make a step in that direction. We may be further away from it, than Venezuela, who in turn is farther than North Korea, but that's the direction nonetheless.

      --
      In Soviet Washington the swamp drains you.
    109. Re: Capitalism is fine by amicusNYCL · · Score: 1

      I'm not a lawyer, ideologue.

      Right now your argument is nothing more than something that can be produced by a Prolog application that checks a dictionary of dogmatic principles and determines if principle X is part of dogma Y.

      In contrast to reality, things are not as black and white. We do not, never have, and never will, live in a completely capitalist society, so spitting out an answer of whether principle X is part of dogma Y ignores the reality in which we live. We have some capitalist principles, we have some socialist principles. We have shown over and over that maximizing liberty is not the single goal of the United States (see USA PATRIOT Act). Therefore, rejecting a principle which has obvious benefits to major parts of society, and which we have previously agreed we needed, just because it does not maximize liberty for the relatively small percentage of people who own a business, is a terrible argument.

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    110. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      If I am unable to do it, because the Executive branch decided, I should not be able to â" that's regulation.

      If I am afraid to do it, because I may get sued by actual victims of my actions, who would successfully convince the jury that my actions have injured them â" that's not "regulation".

      In other words, regulations actually has teeth and means to back it up (government force, threat of violence), while your free market ideas depends on feelings and social norms (e.g being "afraid"), and implicitly it relies on all players/actors to agree to abide by those feelings and social norms, because... well just because.

      You just inadvertently showed why we need regulation to keep people from doing bad things. Without them, someone with enough power and courage to not be "afraid" will go ahead and be the bully on the playground.

      Now ask yourself: who's better at bullying in your idea world: you, the free market capitalist guy, or the fascists, socialists, wannabe tyrants, etc.?

      It's no coincidence that's exactly how history has played out time and again. In the absence of strong effective regulation, tyrants take over.

      Every time we succumb to the rhetoric like "This may inconvenience some, but is better for the Greater Good" we make a step in that direction.

      I don't think people are using rhetoric like that here. Unless we count you vehemently defending capitalism.

      I mean, instead of arguing about specific policies, you're more arguing in general greater abstract ideas like freedom. Freedom is one of them "Greater Good" things.

    111. Re: Capitalism is fine by noodler · · Score: 1

      Because private owners have even less incentive to not harm the people they sell products to than governments.

      Just look in any law and see against how much crap from 'private owners' we need protection against.

      And most of these laws came into existance exactly because pivate parties so often didn't care about people that it became a serious problem.

      So capitalism can only work if the private parties are kept in check. On it's own this system would have turned sour a long time ago.

    112. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Anyone who uses WikiPedia as a resource for information is not too bright considering WikiPedia states their own articles can be edited by anyone at anytime with a Internet connection.
      https://en.wikipedia.org/wiki/Wikipedia:Academic_use

    113. Re: Capitalism is fine by Anonymous Coward · · Score: 0

      Try using a reliable source for your information, WikiPedia is NOT reliable.
      https://en.wikipedia.org/wiki/Wikipedia:Academic_use

  3. Gee, can't imagine why... by Narcocide · · Score: 5, Insightful

    ... seeing as how fewer than half of them will ever be able to pay off their college loans. Maybe if we want to prove capitalism can work for everyone we should stop letting rich people write all the laws?

    1. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Maybe you shouldn't get your degree from Liberty University.

    2. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Excellent example of a post by an anonymous coward. :)

    3. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      In a properly function economy and regulatory system you shouldn't be be able into rack up $200k at a university even if you wanted to.

    4. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 1, Insightful

      Capitalism does work for everyone. Look at the vast amount of wealth and prosperity this country has brought to the world. I am sure those same kids stand in line for there iphones and starbucks cofee's. That is capitalism at its finest. Take capitalism away there will be no starbucks or iphones or teslas. I will vote for whoever i damn well please rich or poor.

    5. Re:Gee, can't imagine why... by aliquis · · Score: 0

      ... seeing as how fewer than half of them will ever be able to pay off their college loans

      Socialism isn't about getting the means to get by by yourself.

      Here in Sweden the social-democrats have ruled for ~100 years and we've got the highest taxes on work on the planet.

      Socialism isn't about enabled you to get by. Do you think the Social-democrats want you to keep your money and solve things by yourself?

      If no-one could ever afford an education, a house, transport, food, whatever, that would be best for them. Because then they would be needed.

      There's a reason people don't get to keep their salary or save for their pension themselves. When they are in need because they can't do it themselves they will be forced to keep the system which will provide for them.

      Give people options and capability and they may vote for something else.

      If you want to equalize outcome and help the poor get more while keeping capitalism just tax the dead, put a fee on environmental damage and natural resources or say use a flat tax on any earnings or ownership for everyone and then just redistribute that money to everyone again.

      If people get money rather than services then they can at-least still make their own choices and we get no rulers and political solutions for problems

      Giving the money to politicians who do whatever with the money make for some very fucked up decisions and spending on some very unwanted things. Plus it give them power of course.

      Capitalism is great. Socialism is bad. If you want to redistribute wealth on society just do that rather than elect authorities.

    6. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      >... seeing as how fewer than half of them will ever be able to pay off their college loans.

      Maybe more would be able to pay off their college loans if the government didn't artificially inflate the cost of college by subsidizing college loans for those people that shouldn't go to college and go anyway and pursue economically unproductive degrees.

      The "problem" with "capitalism" (a Marxist term, btw), is, more often than not, market distortion caused by the ineptness of government rather than any inherent flaw in market economies.

    7. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 1

      Teslas are sort of cool, once you get past their asinine parts-and-repair policies.

      I can do without a tracking device in my pocket and without burnt coffee :D

    8. Re: Gee, can't imagine why... by cayenne8 · · Score: 1, Insightful

      In a properly function economy and regulatory system you shouldn't be be able into rack up $200k at a university even if you wanted to.

      So, the govt is supposed to be there for preventing people being stupid with their own money, making decisions for them?

      I mean, there was no one with a gun to their heads telling them to take out all these massive loans.....

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    9. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 4, Insightful

      Try the alternative. In much of the US, your ability to get a good education depends on your family's wealth. Medical bankruptcy is pretty common. The grass is always greener, but is it really?

      At least you get back a decent level of services for what you pay in tax.

    10. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      ... seeing as how fewer than half of them will ever be able to pay off their college loans. Maybe if we want to prove capitalism can work for everyone we should stop letting rich people write all the laws?

      So, you're saying the "free stuff" from the government didn't work, and the logical response is to demand more "free stuff"?

      In order to "make capitalism work for everyone"?

      Seriously? What part of capitalism in the US doesn't "work for everyone"? Where are the people actually starving? Where are the people who totally lack medical care?

      Just because we don't have equality of results in the US does not mean "capitalism doesn't work".

      Hell, given that everyone is different, how the hell do you get to equality of results anyway? The socialist style where everyone winds up equally poor (except for the rich...), like in Venezuela?

      Capitalism doesn't work for everyone? What a load of bullshit.

      Capitalism has, for example, dragged life expectancy worldwide way, way up:

      Life Expectancy

      Life expectancy has increased rapidly since the Enlightenment. Estimates suggest that in a pre-modern, poor world, life expectancy was around 30 years in all regions of the world. In the early 19th century, life expectancy started to increase in the early industrialized countries while it stayed low in the rest of the world. This led to a very high inequality in how health was distributed across the world. Good health in the rich countries and persistently bad health in those countries that remained poor. Over the last decades this global inequality decreased. Countries that not long ago were suffering from bad health are catching up rapidly. Since 1900 the global average life expectancy has more than doubled and is now approaching 70 years. No country in the world has a lower life expectancy than the the countries with the highest life expectancy in 1800.

      Where'd that process start? Who drove it?

      Oh, yeah - Western European capitalist democracies.

      Gawd, that's gotta hurt a leftist ideologue, eh?

    11. Re:Gee, can't imagine why... by internerdj · · Score: 1

      And everyone in that age bracket started or finished college after the second biggest failure of capitalism in a century. Income inequality sucks, but the GDP, population, and median income say capitalism isn't doing all that poorly. Sure the standard deviation needs some work, but I'm not sure knocking Mr. Gates down to median income is either pro-social or pro-economic.

    12. Re: Gee, can't imagine why... by jythie · · Score: 4, Insightful

      Given that a BA/BS is now the minimum requirement for the vast majority of entry level positions, that might not be a 'gun to the head', but it pretty much is an economic reality now.

    13. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      I mean, there was no one with a gun to their heads telling them to take out all these massive loans.....

      Not with the stick, but the carrot.

      1) kids are told that a college degree garauntees a successful future
      2) teenagers obsess over getting into college
      3) faced with massive interest (far more than they can actually accept), big name colleges raise tuition as a barrier to entry
      4) faced with outraged parents, government provides a mechanism for absurd loans that can never be disposed of except by repaying them
      5) young adults are promised that the cost of the loans will be miniscule compared to the value of the degree
      6) drive-through attendents with masters degrees in "Art History of 1450's Louisiana" and more debt that Greece

      The bigger problem is that many of the people caught in this trap blame everyone who was honest with them (the relatives and school counsellors who suggested trade schools instead of college) rather than those who scammed them.

    14. Re:Gee, can't imagine why... by Bodhammer · · Score: 1
      --
      "I say we take off, nuke the site from orbit. It's the only way to be sure."
    15. Re: Gee, can't imagine why... by SirSlud · · Score: 5, Insightful

      Societies protect 'dumb' (or vulnerable or less educated or naive or whatever makes you feel superior, ya fuckin' dumbass) people because it's more economical in the long run. We want people to succeed, because they contribute to our society. We don't want them to fail. This is costly to all of us. This masturbatory fantasy of your where letting people suffer the consequences of whatever happens to them in a fully free market because it teaches them or others do act differently is just that - a masturbatory fantasy that is more costly to society and economy in the long run.

      We can talk specifics, but this point of yours that people should bear the brunt of every decision they ever make fully and personally completely ignores that it isn't an ideal just world, that people's success and failures impact those around them like friends, families, citizens, and that in many respects is cheaper for society to look after it's dumdums. You reek of somebody who has succeeded and decided to use whatever faculties you had to get there (hard work, brains, and other things you erroneously think *you* alone are responsible for) to be a fucking tool about it. I'm successful too, on my own terms, but I also acknowledge I had help along the way, from other people to government to consumer and investor protection rules. Anyone who thinks they made it by themselves is both a liar and a sanctimonious twit.

      --
      "Old man yells at systemd"
    16. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      college loans

      Ironic given that those loans wouldn't exist if capitalism had anything to do with it. Government floods higher education with money; GSE backed loans, subsidies, grants, tax exemptions and every other manner of public largesse, the cost balloons at twice the rate of inflation for decades and somehow all this dysfunction is tallied up as "capitalism."

      Boomers could work an entry level job, pay for rent and tuition out of their own pockets and graduate debt free. If you dare to allow yourself to fathom the difference between then and now you will find precious little capitalism involved. Of course, you'll want to keep your discoveries to yourself lest you exhibit any wrongthink.

    17. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Capitalism needs competition to grow/progress, otherwise capitalism reaches a saddle point in market optimization. As things are going, competition is becoming a joke and as such, so are those optimal solutions. When you remove fair competition between multiple market solutions (e.g., companies gobbling up small competitors, strategic patent portfolio acquisition, etc.) then you break what lead to great innovations like the smart phone, electric car, or neighborhood coffee bistro. That process appears to be well underway already.

    18. Re:Gee, can't imagine why... by Narcocide · · Score: 1

      Why bother to quote my post only to prove you didn't even read it? I'm not gonna respond to any of this drivel, because most of it is arguments you are making, not me, and the rest is just factually incorrect.

    19. Re:Gee, can't imagine why... by Narcocide · · Score: 1

      It's the poorest generation in centuries. When they round people like you up to cook and eat because they're legitimately starving, don't say I didn't warn you.

    20. Re: Gee, can't imagine why... by HornWumpus · · Score: 0

      A college degree still doesn't cost $200,000. Unless you want a private campus with club med amenities.

      If a kid spent $200,000 on a worthless degree and a 5 year party, I have NO sympathy. They _should_ struggle the rest of their lives to pay it off. Fuck those morons.

      But don't pretend they are average. Most kids graduate with less than $50k debt, which is manageable, even working the kind of jobs worthless degrees get them.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    21. Re:Gee, can't imagine why... by Yath · · Score: 5, Insightful

      If you're blaming capitalism for their student loan issues, you're barking up the wrong tree. The major issue with student loans is that they're guaranteed by the federal government. This is a tried and true way to increase the price of something, massively, and that's exactly what we've seen with rising tuition costs. Government loan guarantees have nothing to do with capitalism - they're central economic planning.

      Blaming capitalism for student loan debt is like blaming Iraq for 9/11 - a classic case of "someone hit me, I'm gonna hit somebody by god!"

      --
      I always mod up spelling trolls.
    22. Re: Gee, can't imagine why... by cayenne8 · · Score: 1, Offtopic

      Given that a BA/BS is now the minimum requirement for the vast majority of entry level positions, that might not be a 'gun to the head', but it pretty much is an economic reality now.

      Err, really?

      I didn't know you had to have a degree to be a plumber, an AC person, a mechanic, a carpenter, etc....?

      I know a friend that is in the AC business, no college at all, and does quite well with his business. He started working hard himself, and has now grown to where he employs others to do the hot hard work while he goes out and sells and finds more work.

      Some jobs may require a BS/BA...but those aren't the only jobs in the world, especially if you START YOUR OWN business.

      It seems kids today expect to leave home and start at $60K or more a year...that never really happened int he past for the masses, they had to get out even after college and do some grunt work and earn their way up on pay and jobs.

      I did...

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    23. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      These people always end up getting nonprofit gigs and have their loans discharged. Sure we'll hear them cry about it until their 10 years of 'public service' is up but they're fine.

      They could even launch a non-profit of their own and run it as a hobby if they wanted. One weekend a month visiting college campuses to educate students about college loan debt and call it good.

    24. Re:Gee, can't imagine why... by sjames · · Score: 5, Insightful

      The income disparity is exactly why it is NOT working for a lot of people. Sure, it works great for the top of the pyramid, but that could also be said of feudalism. Communism also worked well for the top of the pyramid in the USSR. Kim Jong Un is doing quite well for himself, it's everyone else in N. Korea that's having a problem.

    25. Re: Gee, can't imagine why... by SirSlud · · Score: 1, Troll

      Not an option, unless you're a wanna be Pol pot.

      --
      "Old man yells at systemd"
    26. Re:Gee, can't imagine why... by liquid_schwartz · · Score: 0

      At least you get back a decent level of services for what you pay in tax.

      Definitely not in California. We get a bullet train to no where that's only half built and free medical for illegals while the actual citizens pay high taxes. If we actually got something for high taxes you might be right, around here I'll never know.

    27. Re:Gee, can't imagine why... by Junta · · Score: 5, Interesting

      Don't forget they protect that debt so that not even bankruptcy can discharge it.

      They saw a problem (cost to do college was getting a bit too high and becoming too needed) and inadvertently poured gasoline on the problem by triggering a huge escalation of cost through trying to provide relief while compromising with the private sector (you can spend government money and the debts *will* be repaid, but the government will not step in to negotiate terms because *that* would just not be capitalist enough).

      The state of college funding represents the worst blend of capitalism and government intervention. More government control over pricing or less government meddling in the loans would likely work better.

      --
      XML is like violence. If it doesn't solve the problem, use more.
    28. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      I can't pay the people pushing communism. Thanks capitalism!

    29. Re:Gee, can't imagine why... by angel'o'sphere · · Score: 0

      The problems in todays north Korea are mostly imposed from the outside.
      And then again, the problems are not there because north Korea is 'communist' but because it is a totalitarian dictatorship.

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    30. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 1

      I was talking about Sweden, not California.

      BTW - California would do much better without Fed control. Their bullet train has to meet Federal standards, which are sufficiently different from the rest of the world (not necessarily better) as to make it much more expensive than it should be.

      Also, California sends much more money to DC than it gets back in subsidies -- California is essentially carrying red states in its back.

    31. Re:Gee, can't imagine why... by judoguy · · Score: 2, Insightful

      Try the alternative. Medical bankruptcy is pretty common.

      Common where?

      I'm sure that it happens, but I'm in my mid 60's and no one I've ever known even slightly has had a medical bankruptcy. In a nation of over 300 million people, how many true medical bankruptcies occur a year? >0 isn't enough for me to embrace the universal poverty of a Socialist America. "But much smaller culturally homogeneous countries make do with Socialism just fine." Until that racial and cultural homogeneity starts to break up. Even though they have a higher suicide rate than the U.S. for some reason.

      --
      Peace is easy to achieve, just surrender. Liberty is much harder get/keep.
    32. Re: Gee, can't imagine why... by cayenne8 · · Score: 1

      This masturbatory fantasy of your where letting people suffer the consequences of whatever happens to them

      Hmm...well, it was that way for me, most everyone I know, and for people in ages back before us.

      There have to be consequences for peoples' actions.

      Removing those..well, isn't good as that people don't learn.

      Hell, a good example of this no consequences thing, is the increasing deadbeat or deserter dads in many communities.

      In the past, there were consequences society put on fathers that abandoned their kids and responsibilities...now, not so much and look what has happened!

      --
      Light travels faster than sound. This is why some people appear bright until you hear them speak.........
    33. Re:Gee, can't imagine why... by AvitarX · · Score: 1

      When the minimum wage was 50% higher?
      Sure, college loans caused some problems, but capitalism has lead to a significant reduction in entry level pay too.

      --
      Wow, sent an e-mail as suggested when clicking on "use classic" banner, and got a fast response that addressed my msg
    34. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      I have a question for you. You are selling wheat, and have hundreds of competitors, who all also sell wheat.

      An entity offers loans to anyone who wants to buy wheat. Most people want to buy it because bread is popular and requires it.

      These loans will be offered in any amount necessary to cover the costs of producing the amount of bread any individual needs. Anyone can get that loan, even yourself, though you don't need it. You are guaranteed to be paid and the money can never be called back from you even if the person taking the loan fails to pay.

      Demand for bread is rising, and thus demand for wheat, including your wheat, is rising.

      You notice your competitors have raised their price on wheat, which makes sense. After all, it is only natural that as demand increases on a good, the price increases until demand is fully satisfied.

      Will you raise your price? What will you raise it to? Would you maintain it? Would you lower it? Consider that whatever price you charge you will be paid, within the limit of not being an outlier. You can be the most expensive source for wheat, but not by an amount that's more than, say, 10% higher than the next most expensive source. How will your competitors respond? And how will you respond to their response? Does the impact of your increase in price on the ability of the consumer to repay the loans factor into your decision?

      And now consider student loans and how they factor into this. Please also consider whether your company would change your pricing strategy if the government simply taxed others to give you that money, but the rules about price remained the same.

    35. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Okay, lets start with your family. Social leeches the lot of you. I would give EXACTLY zero fucks.

    36. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 1

      Tired old trope -- UK, Canada, and Australia aren't terribly homogeneous. Also, any new programs would be administered on the state level, so population sizes are fairly similar. Suicide rates might have more to do with latitude and climate than politics.

    37. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Exactly.

      The problem is, if there isn't some consequences for their actions they don't learn. Additionally, they'll teach others their poor habits (by example if nothing else and most likely even via reproduction and teaching their children how they 'did ok') Then you have even more morons to deal with.

    38. Re:Gee, can't imagine why... by Oswald+McWeany · · Score: 1

      Try the alternative. Medical bankruptcy is pretty common.

      Common where?

      I'm sure that it happens, but I'm in my mid 60's and no one I've ever known even slightly has had a medical bankruptcy.

      I've known a few and I'm no social butterfly. However, what is far more common that I've seen: Someone gets sick and doesn't go to the doctor because it is too expensive- they then get worse and worse until they finally have to go and by that time they are in a much more dangerous position than if they went when first sick.

      Or someone breaks a bone and tries to self medicate because doctors are too expensive- despite the fact that this can cause long term injury problems. Or someone has arthritis but can't afford a doctor so live with the pain.

      I've known countless people who haven't gone to a doctor when they probably should have (including myself- and I'm not poor). If all you know is well-off people you probably don't encounter this. If you know people from various economic strata you will see that many-many-many people (probably the majority) don't get the medical care they should because of cost.

      I earn more than twice the US average household income and medical expenses are too high for me and I skip visits when I know I should really go because of cost. I can't imagine those earning average or less.

      --
      "That's the way to do it" - Punch
    39. Re:Gee, can't imagine why... by HiThere · · Score: 1

      That said, the justification for the bullet train is extremely poor. Think of it as welfare for construction companies and it will seem more reasonable...and that's (sort of) what most of California "socialism" is.

      The train companies don't want to carry passengers, even where it's a bit profitable, because of the additional costs and regulations that are involved. But they're the ones that own the rails, so passenger trains aren't encouraged. They shoved those off to a separate company (AmTrak) without surrendering the right of ways that they acquired from the government for the purpose of passenger and mail transport.

      Socialism has it's problems, but governmental backed capitalism is much worse. (The damn thing doesn't even have a name. And nobody would be daft enough to support an honest description of it. It's Mussolini's fascism without the justification and reasonableness.)

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    40. Re: Gee, can't imagine why... by LynnwoodRooster · · Score: 3, Interesting

      My wife is finishing up her BA in business right now - and did it for about $24K, total, over 6 years (part-time, evening studies). No need for big money spend to get a degree.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    41. Re: Gee, can't imagine why... by MightyMartian · · Score: 1

      Maybe you should actually go to college.

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    42. Re: Gee, can't imagine why... by MightyMartian · · Score: 0

      "I have these completely anecdotal claims that prove I'm right..."

      --
      The world's burning. Moped Jesus spotted on I50. Details at 11.
    43. Re:Gee, can't imagine why... by HiThere · · Score: 1

      It is interesting. They tend to have a higher suicide rate and a lower murder rate. That's not the only variable between countries, however, so one can't really say that Socialism causes suicide where Capitalism causes murder, but it sort of looks that way. Then there's Japan which has a higher suicide rate and a lower murder rate and is quite capitalist. But there are too many variables to justify any conclusion. One argument has to do with the kind of direction of aggression encouraged by the society, with some societies encouraging inner directed aggression. *Maybe* that's more significant than the economic system along this axis.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    44. Re:Gee, can't imagine why... by LynnwoodRooster · · Score: 4, Insightful

      The difference is, in the feudal, USSR, or North Korean models - there is no way to climb the pyramid. In the US - and most of Western Europe (which is capitalist in its economic models), you can climb the pyramid from the bottom to the top. It's hard, it's difficult - but it can happen.

      It's that whole "equality of opportunity" versus "equality of outcome" thing. The former necessarily denies the latter. And rightfully so.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    45. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 1

      Railroad tracks should be nationalized, with private companies given tenders to carry both passenger and freight. That's the way it works in large portions of the world, and it works quite well.

    46. Re:Gee, can't imagine why... by LynnwoodRooster · · Score: 1

      Not just guaranteed by the Government, but protected by the Government from even bankruptcy. Meaning that student loans can never be forgiven, and are a guaranteed potential income stream forever, from which the debtor cannot escape. That guarantee is why student loans became such a lucrative market.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    47. Re: Gee, can't imagine why... by jeff4747 · · Score: 1

      Maybe they should not have racked up $200k for a degree in Transgender Studies.

      We graduate 1.5 people with bachelor's degrees in STEM fields for every entry-level STEM job opening. That means a whole lot of people did "the right thing" as you define it, and got a "useful" degree. They still can't get a job in that field, thanks to basic math.

      So no, it's not some strange-sounding major that is the problem. But that fantasy is very comforting when you want to avoid looking at what's broken.

    48. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      You might be able to pay your college loan if you don't get a degree in gender studies.

    49. Re:Gee, can't imagine why... by chill · · Score: 3, Informative

      Common in the United States. Or, at least, it was before Obamacare helped fix it. For years the number one trigger of personal bankruptcy was medical debt.

      Your attitude is a big part of the problem. Because YOU PERSONALLY don't see something, it isn't a problem? Please don't do that. The world is bigger than what you personally experience.

      Time has a good article on the subject right here: http://time.com/money/4765443/obamacare-bankruptcy-decline/

      --
      Learning HOW to think is more important than learning WHAT to think.
    50. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      And everyone in that age bracket started or finished college after the second biggest failure of capitalism in a century. Income inequality sucks, but the GDP, population, and median income say capitalism isn't doing all that poorly. Sure the standard deviation needs some work, but I'm not sure knocking Mr. Gates down to median income is either pro-social or pro-economic.

      Capitalism hasn't failed. We have. Capitalism in this country is not true capitalism. That's the problem. It's been dogged and dragged down and mired in socialist agendas pushed by career pols trying to keep their gov handouts coming.

    51. Re: Gee, can't imagine why... by dunkelfalke · · Score: 1

      You are, by your own admission, a frequent drunk driver.
      Have you suffered the consequences of your own stupidity yet?
      Exactly. In a society you envision you would be behind the bars.

      --
      "It's such a fine line between stupid and clever" -- David St. Hubbins, Spinal Tap
    52. Re:Gee, can't imagine why... by ranton · · Score: 5, Informative

      Try the alternative. Medical bankruptcy is pretty common.

      Common where? I'm sure that it happens, but I'm in my mid 60's and no one I've ever known even slightly has had a medical bankruptcy.

      Common in the US. Depending on how you define a "medical bankruptcy", estimates range from 250,000 - 640,000 medical bankruptcies per year in the US. Split the difference and you have just under half a million medical bankruptcies per year, or about 1 in 300 households per year. Considering less than 20% of bankruptcy filers are repeat filers, my guess is only around 1 in 150-200 households ever declare a medical bankruptcy.

      I'm not sure how many households you are close enough with for them to admit a medical bankruptcy with you, but it could easily be under 200. Medical bankruptcies can certainly affect millions of people per year and you could still not really notice it in your life. That doesn't mean it isn't happening though.

      --
      -- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
    53. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Please don't feed the birds. It creates a dependent population which is a health hazard and a costly mess.

    54. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Also, California sends much more money to DC than it gets back in subsidies -- California is essentially carrying red states in its back.

      California also has the highest state income tax rates in the nation, and higher sales and fuel taxes than most other states which are highly regressive, hurting poor people more than the wealthy. Comparing federal taxes spent with federal benefits received is not telling the whole story - specifically, they receive fewer federal benefits because they don't need them due to state programs and taxes. It is like paying twice and receiving service once.

      I feel sorry for Californians. The ratio of cost of living to take-home pay is among the worst in the nation for most people there, and they have to deal with weather that reminds me of satan's asshole even in January.

    55. Re:Gee, can't imagine why... by ScentCone · · Score: 3, Insightful

      The income disparity is exactly why it is NOT working for a lot of people.

      So, you're saying that the reason a given person isn't prosperous is because someone else is? Or are you saying that even though people - even in the lowest income brackets - live better now than in any time in human history, they're not doing well because there are some people who are living better? I presume you'd be happy if we could just tear down the wealthy people so that there's no 1% to resent and hate. Of course then everyone would just hate the 2%. Or the 20%. Or anyone that spends their day doing something that provides a more comfortable lifestyle than anyone else. The only answer is government controlled wages and lifestyles so that nobody can lie awake at night worried that the guy who works twice as hard is having a better chicken for dinner than anyone else is.

      --
      Don't disappoint your bird dog. Go to the range.
    56. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 1

      This masturbatory fantasy of your where letting people suffer the consequences of whatever happens to them

      There have to be consequences for peoples' actions.

      A subtle point is that the consequences that are imposed by capitalism are fundamentally about maximizing economic productivity. In particular, the consequences are not "fair" in any fundamental sense. In a capitalist system, people who become rich don't fundamentally "deserve" to be rich and people who become poor don't fundamentally "deserve" to be poor.

      The key idea behind capitalism is that economic productivity requires both labor and "capital" (land, machines, etc) and that having private ownership of the capital - where the owners of the capital can negotiate a share of the economic productivity can, under the right circumstances, maximize the total productivity of the economy.

      Now, maximizing economic productivity isn't a bad thing, per se. But, if you're paying attention, you'll notice that capitalism is fundamentally a system where rich people get richer simply for being rich - which most people would agree is hardly fair.

      Let's take an example. Suppose some guy inherits some land that's not being used for anything. But then a farmer offers him $10K/month to rent the land for farming. So the capitalist land owner makes that oh-so-difficult decision that he'd rather have $10K/month rather than $0/months and rents to the farmer. But then some CEOs come along who are getting paid $30 million per year and sitting on big steaming pile of money that they don't even know what to do with. And they're like "The one thing that gives our lives meaning it to kill cute little bunny rabbits with large caliber guns - and you land has lots of cute little bunny rabbits - so we'll pay you $100K/month to rent your land for hunting." So the capitalist land owner makes the oh-so-difficult decision that he'd rather have $100K/month rather than $10K/month and rents to the CEOs instead of the farmer.

      So you'll notice two things. First, the economic productivity of the land has been maximized (end up at $100K/month). But, second, the capitalist land owner is getting paid $100K/month for sitting around on his lazy butt and not doing anything other than making the oh-so-difficult decisions that he would rather be paid more rent for his land than less. It's horribly unfair. But the economic productivity is maximized.

      So if the government can come along and tax away some of the rent from this capitalist land owner and use it to prevent poor children from going to bed hungry - then there's no moral or ethical reasons why the government shouldn't do that. The rich capitalist land own doesn't "deserve" to be rich in any fundamental sense.

    57. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      College loans did not cause any problems themselves, rather, they are a symptom of a bigger problem. Note: this rant is specifically about public universities in the U.S. They are the ones partially funded by state governments.

      Once white-collar jobs became more common and an education was the price of admission for the typical middle-class job, demand for college degrees spiked. In order to help produce more workers who will pay taxes and generally contribute more to the economy than burger flippers, government decided to subsidize education to make it more affordable to people starting out who do not have money (yet).

      This started a death spiral where universities knew they could suck on the taxpayers' teat consequence-free. Administrators who sit around doing nothing useful all day suddenly started making a quarter million a year or more. They hired extensive staffs of people to do busywork. In a day and age of computers and the internet, they still hire a lot of people to work on outdated systems or even using paper at times. That new registration system which would cut costs long-term cost millions of dollars and failed in the end, so they have to keep their staff around and the cost is no big deal because it was paid for with a grant from the state Congress (i.e. the taxpayers) - this is a real example provided by one of my professors.

      There is tremendous waste in the U.S. higher education system and that needs to be addressed before we start tackling how to pay student loan debt. If there was fiscal responsibility and accountability in public universities, perhaps students would have half the debt to begin with and student loans would not sting quite so much.

      Another thing that needs to change is universities need to stop buying Oracle products. Imagine all of Oracle's vendor lock-in strong-arm tactics and apply them to the public sector where taxpayers are on the hook. I graduated from two different universities and each one had professors telling horror stories about how Oracle was abusing them (and by extension, taxpayers) financially.

    58. Re:Gee, can't imagine why... by omnichad · · Score: 1

      Think of it as welfare for construction companies and it will seem more reasonable...and that's (sort of) what most of California "socialism" is.

      It's also very similar to Trump's economic policies. Tax breaks for corporations, subsidies for coal, etc.

    59. Re:Gee, can't imagine why... by omnichad · · Score: 1

      Yep. The only reason it's private is because we implemented it before the citizens could organize. Same as why we have a privatized telecommunications infrastructure. This is always a risk of being the innovator.

    60. Re:Gee, can't imagine why... by omnichad · · Score: 1

      And this is not to mention that a lot of medical bankruptcies hit the deceased's estate. There is no apparent victim, just a transfer of wealth of the poor to the medical industry.

    61. Re: Gee, can't imagine why... by Areyoukiddingme · · Score: 3, Informative

      You forget the third option -- removing those failures from our society.

      If you're too busy trying to emulate the Jersey Shore to learn anything useful to society you should be voted off the island.

      Ah yes. Eugenics. The end game of every sanctimonious prick.

      Eugenics is a fantastically stupid idea because that's not how genetics works. Albert Einstein's parents were unremarkable people. Isaac Newton's parents were unremarkable people. Pick any genius you care to name, and you will typically find the bemused average people who birthed them standing behind them, completely unable to understand what their child has created, but proud nonetheless.

      The culture of Jersey Shore is almost assuredly completely worthless. Feel free to denigrate it all you like, discourage your own children from embracing it, shun people in it, and make snide comments on Slashdot about it. But you do not get to "vote them off the island." One of them may birth the genius that extends quantum theory far enough to render relativity obsolete. The odds are against it, but then, the odds are always against it.

    62. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      haha idiot, you don't need a quarter million education to get a job. You've bought into the liberal arts thinking. You are exactly right that capitalism won't work for your liberal arts degree - cause its useless. And if you think otherwise than you will have to accept a lower tuition to bring in students. Society that elevates these "prestigious" universities is what allow them to charge so much. When society realizes that a state school offering engineering will give you the same skills, the price will be reasonable. Heck, you can go online and practically get the same knowledge.

    63. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Maybe if we want to prove capitalism can work for everyone we should stop letting rich people write all the laws?

      Pretty much this.

      The reasons people are sour on capitalism is in its current form, it's completely about stacking the deck in favor of the wealthy and corporations, and the rest of us can pound sand.

      Everyone worships at the altar of capitalism, but it's a pretty broken system which doesn't produce the wonderful results its proponents claim it does ... unless you're one of the 1%, then it seems to work just fine.

      Now we have a rich, orange asshole changing the regulations and tax structure to benefit he and his rich-asshole friends, thereby making it even worse. And they all quite plainly have their hands in the till and spend tax-payer money like modern princes and then lie about it.

      No wonder people are finally realizing that capitalism is a rigged game, because it is.

    64. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      In a properly function economy and regulatory system you shouldn't be be able into rack up $200k at a university even if you wanted to.

      I agree. The fact that the federal government guarantees loans for student loans allows schools to charge students an exorbitant amount of money. We need to get the government out of the business of loaning money to people who can't pay it back.

    65. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 1

      Capitalism in this country is not true capitalism. That's the problem.

      I take it you've never heard of the concept of externalities, then. Or tragedy of the commons. "True capitalism" would be ruinous if no externalities were reined in and public goods were available for wholesale waste or appropriation.

    66. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      > and that in many respects is cheaper for society to look after it's dumdums

      It's cheaper to gas them, so I don't know what you are ranting on about.

    67. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      At least you get back a decent level of services for what you pay in tax.

      Stop lying to yourself and most importantly to others.

    68. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      increasing deadbeat or deserter dads in many communities

      Ah, proving you are indeed a sanctimonious twat, and you're rationalizing your laisez-faire, anti-social attitudes with someone else's talking points. 'Increasing deadbeat dads' is a myth. It also fails to account for the huge number of poor parents without primary custody of their children who offer support-in-kind.

      See, at random:
      https://www.census.gov/content/dam/Census/library/publications/2016/demo/P60-255.pdf

      Check page 3 where it shows that the number of custodial parents declined from 1993 to 2013.

    69. Re:Gee, can't imagine why... by PraiseBob · · Score: 1

      Strictly speaking, we have enough food in the world to feed everyone. Yet, every single day, all over the earth, people starve to death. Ultimately, the reason anyone starves, is because somebody else in the world, owns that food, and is unwilling to give their food / hard work / "money", to the people who are starving.

      That's not to disagree that the majority of people are not better off than at any previous time in history. But, there continue to be people so poor that they die, solely because the people who do have the resources and wealth to keep them alive, don't share.

    70. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      In the US ... you can climb the pyramid from the bottom to the top. It's hard, it's difficult - but it can happen.

      * *If you're white, and/or already rich and/or come from a rich family and/or run into someone that's rich.

    71. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Not everyone can drive a corvette.

    72. Re:Gee, can't imagine why... by Merk42 · · Score: 1

      nobody can lie awake at night worried that the guy who works twice as hard is having a better chicken for dinner than anyone else is.

      because work effort is directly proportional to income, ahhahahahahaha

    73. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      See also : tax relief on housing mortgage interest. The government pays you for borrowing, making the loan cheaper. But almost everyone wants to own a home or house so cheapers loan lead to higher housing prices (and in the end a more expensive loan anyway)

    74. Re: Gee, can't imagine why... by imrahilj · · Score: 1

      I'm a millenial. I'm doing fine - no college debt, own my own home, etc. Compared to my father, who got a bachelor's degree, I had to get far more education (post-graduate) to get the job I have in order to buy a house. The price of housing in much of the country is rising at a pace that outpaces the increase in income by quite a bit. My back of the napkins calculations are that income has about doubled in the last 30 years, and housing has gone up about 4 times.... and university tuition more than that.

    75. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Agreed its been 15+ years, I did my engineering in an institution ranked among top 10 in India for about $100/yr in tuition fee, add few more hundred for food, accommodation etc and was making over US$40K/yr in my very first job and currently crossing US$180K/yr

      Fees are about same in this institution, inflation adjusted even now (still well under $500/yr).

      Now tell me if $24K is too much or not.

      I didn't have to distract myself with part-time and evening studies and could focus full force on my engineering.

      Then there are countries like Germany where education is free.

    76. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      The only issue I have with this is that all of those students agreed to pay back those loans, while presumably having zero guarantee of a job afterwards. So they took a calculated risk.

      Society has made it all but impossible to get a decent white-collar job without a degree. That's largely bullshit, in the "why is that required" sense, but is what it is.

      But some of those students, enough to make discussion tricky, studied things that have near zero potential to result in a decent job. I don't mean basket-weaving, but one gets the point.

      The students who borrowed a ton of money to study things that aren't going to end up with well-paying jobs... well, nothing wrong with studying those things, the world needs some folks who do. But the they took unreasonable risk, in my opinion, because needs creative thinkers of all sorts in all fields, we don't really need people who can't do basic risk/benefit analysis before taking out huge loans to enter niche fields.

      And when you gamble wrong, you shouldn't end up destitute in a just society, but neither should all your follies be forgiven and written off. One has to pay the piper, and accept some measure of adult responsibility for the social privileges one is afforded.

    77. Re:Gee, can't imagine why... by farble1670 · · Score: 1

      The difference is, in the feudal, USSR, or North Korean models

      Please don't bring the USSR or NK into this. Both of them are dictatorships that hang / hung their hat on communism only as a way to dupe their populace. The message of communism is very simple: everyone works according to their skills and shares the benefits. There's nothing in the communist manifesto about perpetuating a dynasty by putting a fat little madman in a position of absolute power and conning his people into thinking he's a god that doesn't poop.

    78. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Not fully, necessarily, and not solely, necessarily... and citizens and students should not be left destitute. But people need be somewhat accountable for their actions. Taking out student loans in the amount of a small mortgage, for a simple BA, is 99% of the time a poor choice. We shouldn't break their backs or drive them to crime or whatever.. but you can't do that and then just walk away without some measure of consequence. It's not fair to anyone to let that happen.

    79. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Technically speaking, since we are talking about loans and debt, it's not even their own money...

    80. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      "Good Education" or actually learning v.s. buying a degree from an Ivy?

    81. Re: Gee, can't imagine why... by farble1670 · · Score: 1

      So, the govt is supposed to be there for preventing people being stupid with their own money, making decisions for them?

      Um. What? If you get a loan, it isn't your money, by definition

    82. Re:Gee, can't imagine why... by Dixie_Flatline · · Score: 3, Insightful

      “The law, in its majestic equality, forbids rich and poor alike to sleep under bridges, to beg in the streets, and to steal their bread.” - Anatole France

      It's all well and good to crow about Capitalism until it's failing you utterly, and a big part of it is the way the whole system—the political and legal system in particular—favour the rich. I'd be more inclined to agree with you if bank CEOs were held responsible for their crimes against the system, or if corporations were forced to pay more than a pittance for dumping oil into the soil and waterways, and unreasonable amounts of CO2 into the air. (Indeed, the lack of accounting for environmental externalities is a huge problem with the way we run capitalism right now.)

      Capitalism, as it stands, works mostly for the rich and ensures that it will increasingly work ONLY for the rich.

    83. Re:Gee, can't imagine why... by sjames · · Score: 1

      It's also a lot of pure luck. Starting out halfway there gives you a lot more shots at it, but for every success that's celebrated, there are still 10 or more failures nobody ever heard of that were just as smart and worked just as hard or harder, but didn't get lucky.

      That's a terrible thing to hang the ability to get decent healthcare and a reasonably comfortable life on.

      None of those systems (including unconstrained capitalism) are particularly good.

    84. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      One of the core tenants of capitalism is that if you work hard and do your best you win. The problem is we've had several generations watching their parents work hard and do their best so that others can win, while they live in poverty. It's not universally true. Some people win. Others don't. Some people win not because they work hard or do their best but because of who they know and who scratches who's back. I'm not against capitalism, and I'm certainly not for equal poverty for all (otherwise known as socialism). But you can't deny that this system is flawed.

    85. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 1

      Wrong. Taxes in CA need to be high BECAUSE of money being stolen from the state by DC. Causation is the reverse of what you're thinking.

    86. Re: Gee, can't imagine why... by werepants · · Score: 4, Insightful

      This masturbatory fantasy of your where letting people suffer the consequences of whatever happens to them

      Hmm...well, it was that way for me, most everyone I know, and for people in ages back before us.

      Yes indeed. And we had higher crime, poverty, disease, infant mortality... basically all of the human maladies were much more commonplace in the past. What is attractive about that to you? Sick people, homeless people, and imprisoned people cannot contribute effectively to the economy, which increases the tax burden on everyone else and makes the society generally crappier to live in.

      This glorification of the "good ol' days" is completely incoherent and disconnected from the facts of history.

    87. Re:Gee, can't imagine why... by sjames · · Score: 1

      Actually, no. But it is exactly the false dichotomy you present that causes young people to say they question capitalism itself rather than simply calling for it to be regulated and tempered with a strong safety net.

      As for the rest many more people would be prosperous if not for the few at the top actively shirking their taxes with one hand while holding the other out for corporate handouts and bailouts. Many more actively take advantage of difficult economic times to pay less than a reasonable cost of living for full time (minus an hour) employment.

    88. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 1

      Hell, a good example of this no consequences thing, is the increasing deadbeat or deserter dads in many communities.

      In the past, there were consequences society put on fathers that abandoned their kids and responsibilities...now, not so much and look what has happened!

      No they didn't. In fact, it was so bad that most women in abusive relationships put up with it because they knew there was zero support for them and virtually no repercussions to the father. Honestly, the only "good" way out of an abusive relationship was to court a replacement father because otherwise you were either destitute or you had to move in with family (brother/brother-in-law/father) who generally treated you like shit for being such a cry-baby when all the other abused spouses put up with it.

      Meanwhile, by the same token family was expected to help family get a job, just like today. Nepotism was beyond the norm, incompetent people were put in dead-end jobs where they couldn't do much harm, etc; basically, think politics but in the private sector. Society as a whole is worse off keeping dead weight around working in some middle to high paying job than to collect a nominal tax and pay it out as welfare to the same people.

      At the low end, though, the overhead probably makes it more advantageous having people flip burgers. Pushing that would nominally undercut the entry level jobs which would be pretty crippling to just about anyone not already in a job or with connections, so you need a minimum wage. But then a minimum wage sets a bottom limit on the number of jobs, and you're also in the same mess but now with a finite number of workers all fighting for still pretty horrible pay.

      Of course, we could also go way-way back to when it was expected that those "with wealth" effectively support their whole extended families. A lesser version of that is the above with taking in relatively dead-beat siblings and cousins if you're only middling wealth. All of this of course encourages the hoarding of resources to cover any potential new vagabond that shows up which heavily works against the ability to use those resources in capitalism.

      The point is, it's not like there was some sort of golden age in which people who couldn't/didn't work just all willing keeled over from lack of food. People moved in with families, jobs were created to create a paycheck for someone, and those who live today are heavily derived from those enfeebled stock (if one is to believe anything about the story of welfare queen babies for which past mothers with 20+ babies put to shame).

      Yes, people should suffer some consequence for failure to live up to societal demands like holding down a job, but we already have that in welfare and other social support being generally inferior to just about any job. If you want to really universally undercut any advantage to the no-job life, UBI is about the only thing that makes sense. Then there is decided only possible reward for work without someone idea your time is otherwise worth more. Of course then people would honestly say their time isn't worth more, and we'd be supporting these people as a group instead of a per-family drain. Pretty consistently that structure has resulted in development of a culture, not detriment to it. I mean, that's literally the hallmark of a developed country, including the massively reduced birthrate (from the streamlined economic pressures).

    89. Re:Gee, can't imagine why... by ScentCone · · Score: 1

      One of the core tenants of capitalism is that if you work hard and do your best you win.

      >
      No, that is not and has never been a core tenet (not "tenant!") of capitalism. You're deliberately leaving out the part where you have to work at something that someone else needs or wants enough to pay you for it. That's why working really, really hard at knowing everything classical Russian poetry doesn't pay you as well as being a reasonably competent but not very hustly plumber. If "the system" were as you describe it, that would be different. But you didn't describe it correctly.

      --
      Don't disappoint your bird dog. Go to the range.
    90. Re:Gee, can't imagine why... by ScentCone · · Score: 1

      But, there continue to be people so poor that they die, solely because the people who do have the resources and wealth to keep them alive, don't share.

      No, that's not true. Most of the places where people literally starve to death are suffering from violence and corruption so bad that even those who are willing to bring in truck loads of "free" food and potable water are prevented from doing so because they don't want to die, or have given up because everything they very much ARE willing to share is promptly stolen. That's a lot different than the eeeeeevil rich people with the food being mean and not sharing. It's pretty much the exact opposite of that.

      --
      Don't disappoint your bird dog. Go to the range.
    91. Re:Gee, can't imagine why... by wyHunter · · Score: 1

      Maybe we should discourage poor people from studying useless majors that have no economic payback? I grew up dirt poor (literally) and studied one thing that I knew I could make a reasonable living it, not something fluffy and economically useless.

    92. Re: Gee, can't imagine why... by wyHunter · · Score: 1

      Yeah I went to college for a grand total of 11 years, getting a bachelors and masters in a technical field. I went at night while working at least 40 hours/week. I didn't like debt, and either you pay one way or you pay another. If I had gone full time I'd have done it in 6 years, but racked up a lot of debt and in the meantime I got work experience. (Shrug) it meant I couldn't do a lot of stupid college stuff like frat parties and so on but who cares? Those are for kids who are AT LEAST upper middle class, probably higher, whose parents can bankroll 4 years of partying for their kid. I didn't have that. No, I'm not whining I am happy for what I did, and the accomplishment.

    93. Re:Gee, can't imagine why... by farble1670 · · Score: 1

      In much of the US, your ability to get a good education depends on your family's wealth.

      That's just not true. Anyone can get a student loan. My wife's brother's CC and university are completely free in CA. I honestly have no idea how that works but it happened.

    94. Re:Gee, can't imagine why... by farble1670 · · Score: 1

      Or, at least, it was before Obamacare helped fix it.

      THANKS OBAMA. Oh wait. I mean: thanks Obama.

    95. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 1

      Good luck moving to California and getting in-state tuition without some means.

    96. Re: Gee, can't imagine why... by argStyopa · · Score: 1

      Those were loans accumulated because they were GIVEN money that they hadn't earned, and and which they really only had speculative abilities to ever pay back?
      Whose fault is that again?

      --
      -Styopa
    97. Re:Gee, can't imagine why... by farble1670 · · Score: 1

      Good luck moving to California and getting in-state tuition without some means.

      I wouldn't expect to be able to move to a state where I've never paid taxes and leech off of their education system. The person I mentioned above is a life long CA resident.

    98. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 1

      Exactly. Thing is, the majority of the country is not California and cares more about football than about academics in their public uni systems. A few states excepted, of course.

    99. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Sorry, but your forced talking points have been thoroughly debunked. It is well known now that the reverse is true; tuition prices have been rising since WELL before the guaranteed loans, so it is extremely illogical to believe that they magically would not have risen due to the actual reason: inflation vs wage growth. Mathematically it makes much more sense to chart tuition raises with inflation vs wage growth as it actually matches more closely without having to ignore LOTS of data that simply must be handwaved away to tie it to guaranteed loans.

    100. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      >Societies protect 'dumb' (or vulnerable or less educated or naive or whatever makes you feel superior, ya fuckin' dumbass) people because it's more economical in the long run.

      It's more economical to give the illiterate unemployed mom with three kids thousands rather than $0

      ???

    101. Re:Gee, can't imagine why... by LynnwoodRooster · · Score: 1
      Yes, there is luck involved. But there is also a good amount of skill and intelligence and fortitude to realize when luck has struck - and to take advantage of it.

      None of those systems (including unconstrained capitalism) are particularly good.

      I think Milton Friedman summarized it best: "A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both." Focus on freedom, and equality will be a necessary result. The more you restrict the ability of people to move up or to change their own circumstances, the more stratification you will have. It's not a surprise that a lot of the recent growth in income inequality came at a time that the regulatory environment of the US literally exploded by orders of magnitude.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    102. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      I would agree if the college loan industry was not wall to wall full of for-profit institutions, for profit colleges, and securitized college debt that is resold on Wall Street. a while back a lot of student loans were not guaranteed or backed by the government, they were private.

      obama, it is true, shut down a lot of the private loan industry, then again he also shut down some of the worst for profit colleges.

      now as a former college worker, I have to say that there is enormous amount of problems with the socialized aspect of college administration bureaucracy, the main one being a complete lack of any dynamism, i.e. terrible people are allowed to do terrible damage to their colleagues and students for years on end with no consequence. private companies, if there is something good about them, its that they die off when they are run by complete jerks.

      however I believe that private industry and for profit elites had a lot to do with the student loan bubble, just like with the subprime bubble. it is when big government and big industry get together these things tend to happen. (you can read about the origin of securitized mortgages , it wouldn't have happened without both Wall Street creativity and government mass mobilization)

    103. Re:Gee, can't imagine why... by Gavrielkay · · Score: 4, Insightful

      We don't have equality of opportunity either. Children of rich, connected parents will start higher on the pyramid and have an easier time climbing higher still. Trump likes to call the million dollar loan from his father "small," but extremely few Americans have parents who could loan them a million dollars. Or have connections to all the best colleges and businessmen and politicians in the state.

      Social mobility is declining in America and I don't think that's a good thing at all.

    104. Re:Gee, can't imagine why... by Peter+P+Peters · · Score: 1

      The difference is, in the feudal, USSR, or North Korean models - there is no way to climb the pyramid. In the US - and most of Western Europe (which is capitalist in its economic models), you can climb the pyramid from the bottom to the top.

      The word is 'Social Mobility', and some countries are better at it than others (hint: the US isn't very good)

    105. Re:Gee, can't imagine why... by phantomfive · · Score: 1

      Then there's Japan which has a higher suicide rate and a lower murder rate and is quite capitalist.

      Japan is basically socialist. Healthcare, public transit, plenty of make-work construction projects, etc.

      --
      "First they came for the slanderers and i said nothing."
    106. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Teslas are sort of cool, once you get past their shit build quality and halfassed engineering.

    107. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Seeing as those people that can't pay their loan studied careers that wouldn't be able to pay for themselves, perhaps the problem is a bit of idiocy. Who's giving out those loans?

    108. Re:Gee, can't imagine why... by phantomfive · · Score: 1

      Communism also worked well for the top of the pyramid in the USSR.

      You might think so but top government officials were frequently killed, or sent to Siberia. Even Stalin, at the very top, died in his own vomit with his "friends" around him cursing him and wishing for his death. The top of thy pyramid was not comfortable until at least Breznev, and probably not then, either, although you were more likely to have decent heating and a car.

      --
      "First they came for the slanderers and i said nothing."
    109. Re: Gee, can't imagine why... by Peter+P+Peters · · Score: 1

      My wife is finishing up her BA in business right now - and did it for about $24K, total, over 6 years (part-time, evening studies). No need for big money spend to get a degree.

      I got my degree for free. I just said I had one and that was it. 25 years later this hasn't caused me any problems...

    110. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      We can't all go back in time and get a cheap degree when they were much cheaper. How about people starting now?

    111. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      There wasn't much of a pyramid in USSR. 99% were roughly in the same income bracket, doctor, plumber or driver. Education was paid by hidden yet very high taxes. No one couldn't hire other people to make them filthy rich. Getting deep in debt was non-trivial. Anyone could become a doctor, a plumber, or a driver "for free", based on interests and abilities regardless of place of birth or parents' income.

      There were problems. Economy was twisted into pretzel due to ideological reasons. Replacing free market self-regulation with 5-year plans is very difficult. Quite a few doctors didn't want to be in the same income bracket as drivers regardless of free education and common good. Still, it was kinda sorta working. If USSR didn't need to keep up in military spending with half or the world that had more efficient economic model it could turn out differently.

      Still, failure of execution, even repeated a few times, doesn't make the idea itself wrong. No matter how much you chant "but Venezuela", the idea is obviously not dead. There are fundamental economic factors at work. If government ignores them for ideological reasons, economy will gradually become just as twisted as it was in USSR, just differently. If government take them into account we may not quite recognize the new version of capitalism.

    112. Re:Gee, can't imagine why... by liquid_schwartz · · Score: 1

      Also, California sends much more money to DC than it gets back in subsidies -- California is essentially carrying red states in its back.

      This was true pre-Obamacare. My understanding now is that it's roughly a break even due to how much the Feds are sending for 1/3 of the state being on subsidized or "free" healthcare. In CA you want to either be rich and use tax loopholes or poor and get everything for free or heavily subsidized. Those in the middle just get squeezed. Citation: http://www.latimes.com/politic...

    113. Re: Gee, can't imagine why... by CronoCloud · · Score: 1

      So, the govt is supposed to be there for preventing people being stupid with their own money

      But it's NOT their own money. It's money they're borrowing from someone else, guaranteed by the government, that they're hoping to pay back.

      Imagine you're shopping your startup to a bunch of VC's, might some of them have some requirements before they hand over money? Insist the company hire a CFO, get more organized, dump the beanbag chairs, etc etc.

      making decisions for them?

      Modern humans THINK they're super-capable, but we're just jumped-up better educated medieval peasants. We do stupid shit all the time for all kinds of reasons, including emotional ones. Think about this, your reasoning is basically saying things like:

      "Hey, we don't need government deciding who's too drunk to drive, so lets get rid of all the impaired driving laws"

      We are a civilization and we have to have rules, sometimes to protect us from ourselves.

      I mean, there was no one with a gun to their heads telling them to take out all these massive loans.....

      From a young age, those kids going to college have heard the following from Society/Culture/Parents/Teachers/Businessmen/Wall Street/Madison Avenue:

      "If you want to be a success in life and have the american dream with a 4 bedroom house and two big SUV's, then you need a college degree."

      That's the gun. Hell, Colleges themselves advertise on TV!

    114. Re: Gee, can't imagine why... by CronoCloud · · Score: 3, Insightful

      mm...well, it was that way for me, most everyone I know, and for people in ages back before us.

      We decided as a society that some of the things that went on in the past, were wrong.

      Hell, a good example of this no consequences thing, is the increasing deadbeat or deserter dads in many communities.

      There is no increase, in fact it's been declining for years. Highest in the 70's and 80's. And I'm rather sure this is a subtle racist dog whistle, since "deadbeat dads" has been used as such before.

      In the past, there were consequences society put on fathers that abandoned their kids and responsibilities...now, not so much and look what has happened!

      In the past it was EASY for fathers to get away, back say in the Great Depression, fathers could just skip out. And they skipped out a LOT. Social Security numbers? Not a thing. Photo ID's? Not a thing. Now we have computers and such, they are easier to track. We actually garnish wages and put people on trial for non-support. There are more penalties now than ever.

    115. Re: Gee, can't imagine why... by terrycarlino · · Score: 1

      That is just not a fact. Any number of entry level positions in the trades do not require a BS/BA. In many cases these jobs lead to positions which have salaries which are higher than what can be expected by someone having a BA/BS.

      I myself have a BA and three masters degrees and didn't have to accumulate massive debt to accomplish the task. I'm not rich, I'm just smart. Community college is cheap compared to four year public university. If you work as you attend you can still pay your own way. If you get good grades (and in some cases are just the right gender or minority) you can get scholarships that will cover the next two years after you get your associate at community college. You'll probably have to work too to cover living expenses, though. Once you have your BS/BA many jobs will pay for the masters. If you go into a PhD program you can bet that you'll be on a stipend and someone else will be paying.

      Of course you can't party for four years on borrowed money if you actually work and pay. Often while working on my masters I'd put in 40 hours+, sometimes on shift work while carrying 9 credit hours (a full graduate load.) And you need to maintain high grades instead of just squeaking by. Heck most colleges now days don't care what kinds of grades you get as long as you keep paying. The days of expulsion for being on the dean's (bad) list are pretty much gone.

      So no. They don't need to go into massive debt to enter the job market

    116. Re:Gee, can't imagine why... by sjames · · Score: 1

      You are creating a false dichotomy. There is a difference between a system that sets a minimum level and encourages a smaller income gap and one that tries to force equality.

    117. Re:Gee, can't imagine why... by sjames · · Score: 1

      See the trend to private security, safe roome, and gated communities in the U.S.

    118. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 1

      Some people will sweat a nickle or a dime on a gallon of gas, which saves maybe a dollar or two on that $45 fill-up. However the same people get crazy-stupid when it come to choosing a college. They are concerned more with the perceived status of the school, and its place in NCAA sports. They look at the cafeteria food court options, but then never sit down and think how much they will make in their first five years after graduation with a given degree. Most would find that smaller local colleges, with a less flashy campus, provide a much better value.

    119. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0
      So what's the problem taxing the 1% down to normal levels? They'd still be living

      better now than in any time in human history

      Your 'argument' is just a deflection.

    120. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      You buy a fictional narrative that working twice as hard is the main reason for wealth disparity.

    121. Re: Gee, can't imagine why... by SirSlud · · Score: 2

      I didn't say there are no consequences for actions. Declaring bankruptcy protects people in some reasonable respects from their own stupidity or irresponsibility (although in the states, most frequently of all, shitty luck with respect to health) - but if there were no consequences, you wouldn't mind going bankrupt. Want to go bankrupt? You also seem to believe there are simple objective means of saying, "What a poor decision." You only get to say that in hindsight once somebody is in a bad spot, but had nothing invested in the decisions at the time that led to it. People who seem to revel in people suffering for their actions seem unwilling (although I'd charge it's more like emotionally unable) to understand that things change and happen beyond people's control, and it's more expensive, time consuming, and ethically difficult to separate who "deserves" protection from who does not. (Which ignores that many systems in place actually do place reasonable amounts of effort in determining abuse.)

      And you frame the argument as if people who are bailed out of bad situations suffer absolutely zero consequences for their actions. I point out the masturbatory fantasy that they should have their lives ruined as a way of "learning something" is counterproductive to them and to us - you dream of a system powered by schadenfreude. It's an emotionally stunted way of living. It's expensive. It's mostly useless. It's a system that places more emphasis on making you feel good about yourself than helping the most amount of people possible despite some amount of abuse and enabling, and that's a shitty system.

      --
      "Old man yells at systemd"
    122. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Try the alternative. In much of the US, your ability to get a good education depends on your family's wealth. Medical bankruptcy is pretty common. The grass is always greener, but is it really?

      At least you get back a decent level of services for what you pay in tax.

      It is kind of funny.. many european countries are moving towards being more capitalistic (lower taxes, less safety ... well more less safety than less tax) and the US is moving towards a more socialist oriented capatalistic system it seems ... at some point EU and US are going to have something very similar, a mix betwwen socialism and capitalism I think.

    123. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Well, 24k is no pocket change for most of the world.
      Also a couple of friends who graduated in USA told me that there is a huge difference in salary depending on where exactly one graduated. It's one level if it was Harvard or MIT, and quite a different thing if it was Kansas University for example.

    124. Re:Gee, can't imagine why... by LynnwoodRooster · · Score: 1

      I've yet to be shown any system that did the former that did not slide towards the latter, typically within a few generations. If you offer to rob Peter to pay Paul, Paul will usually agree...

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    125. Re:Gee, can't imagine why... by PraiseBob · · Score: 0

      I'd actually say that we are in agreement. In this case, the people engaged in corruption and violence ARE the eeeevil rich people, who own and control the resources. And they are the ones letting people starve. Maybe you can call them the localized 1%, keeping so many resources to themselves that other people die. The facts remain- people starve every day, yet there is enough food on the planet, and it just isn't reaching them due to greed.

      For those people, the original statement holds true- "the reason a given person isn't prosperous, is because someone else is"

    126. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 1

      $24k IS big money to a fresh high school graduate, silly. Arranging our economy so you have to pay big sums just to have a place at the table isn't how you build a stronger tomorrow.

    127. Re: Gee, can't imagine why... by kaatochacha · · Score: 1

      A large component of the move to lack of consequences is the common teaching that someone is not responsible for the things they do:
      They're poor.
      They're the wrong race.
      They're disabled in some way.
      Their family had issues.
      They have a mental condition.

      Rather than asking people to rise up above their problems, we often give this as an excuse to get a pass on things. This leads to a weaker society.

    128. Re: Gee, can't imagine why... by kaatochacha · · Score: 1

      You completely ignored the issue that allowed that giant company to exist, or the large sum of money to be. Additionally, there are many many more small farmers and people renting land than their are Deus Ex Machina rich CEOs with specific hunting needs.

    129. Re:Gee, can't imagine why... by Skuld-Chan · · Score: 2, Informative

      Medical bankruptcies account for over 60% of all bankruptcies in this country. And since your a right wing ideologue here's a fox news article about the study:

      http://www.foxnews.com/story/2...

    130. Re:Gee, can't imagine why... by kaatochacha · · Score: 1

      Oh god, no. The bullet train fiasco is ONLY caused by California's inability to admit they were wrong and it is a cash drain that will never end. That and the fact it's the current governor's pet project.

    131. Re:Gee, can't imagine why... by b0s0z0ku · · Score: 1

      Hope they build it! Trains are fun :D Hearing the weeping of anti-transit libertarians is even more fun :D

    132. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      The bank loans might be capitalism, but the universities are either private non-profits or govt run. What excuse is there for state schools to charge so much that students can't pay back their loans? All that changes when govts run thing is that money flows to the politically powerful instead of the wealthy, and they might be both.

    133. Re:Gee, can't imagine why... by sjames · · Score: 1

      I know people joke about Americans who weren't aware that Europe existed, but here I see one before me.

      The alternative is that the have-nots get tired of it and burn the whole damned thing down. If you don't want that, it's time to compromise.

    134. Re:Gee, can't imagine why... by LynnwoodRooster · · Score: 1

      Can you show me an EU country that does not have a capitalist economy? The oft-touted Nordic Model is fundamentally capitalist, economically - and then spends a lot of the Government largess on a social safety net. It's not a socialist system at all, where "the people" (typically represented via the Government) own or control the means of production.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    135. Re:Gee, can't imagine why... by sjames · · Score: 1

      AH, I see, moving the goalposts. I said "a system that sets a minimum level and encourages a smaller income gap and one that tries to force equality". That would be one of the many hybrid systems in place throughout Europe and Scandinavia.

      If hard righters keep painting that with the communist paintbrush, they shouldn't be surprised when more people start suggesting we give that communism thing a try.

      OTOH, if they more correctly call it a hybrid or mixed system, more people will call for a hybrid or mixed system.

    136. Re:Gee, can't imagine why... by ScentCone · · Score: 3

      For those people, the original statement holds true- "the reason a given person isn't prosperous, is because someone else is"

      But still not really true. When Boko Haram blows up a truck full of food and people starve, it's NOT because Boko Haram is eating, and because they personally have food to eat, someone else doesn't. It's because they want people to die for political/religious/tribal reasons. It's not that they're the local "rich" people and there is just enough local food to feed either them or the village that's starving. They're not eating what the village would have eaten. They're simply using threats of violence to prevent people they don't like from getting the food that's intended for them. That's not about "greed" for the food, not even close. It's about tribal or religious animosity or good old fashioned gang style intimidation. When Saddam was starving out the ethnic minorities in the southeast of Iraq, it's not because he was greedy for their food, it's because he wanted them to die.

      --
      Don't disappoint your bird dog. Go to the range.
    137. Re:Gee, can't imagine why... by LynnwoodRooster · · Score: 1

      So can you show me a Western country (like the US, or EU) that does NOT set a minimum level and encourages a smaller income gap?

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
    138. Re:Gee, can't imagine why... by sjames · · Score: 1

      Perhaps the point is the U.S. doesn't set the minumum high enough and doesn't do enough to encourage a smaller income Gap. It also has serious holes in it's safety net. Just this morning I saw a cop running people who fell through the holes out from under the bridge they were trying to call home.

      But go ahead, keep being deliberately obtuse and encouraging that as a national policy, enjoy the communist revolution.

    139. Re:Gee, can't imagine why... by sjames · · Score: 1

      Even then, working really hard at something that people want is often not as successful as starting with wealthy parents and directing others to work really hard for something someone wants and then keeping the profit.

    140. Re:Gee, can't imagine why... by Darinbob · · Score: 1

      It's a bit much to conclude that way. The disparate income points to a broken morality system perhaps; people who work hard get paid less, people who just tell people what to do get paid more, people who just meet with the board now and then get paid immense sums of money. It points to companies that devalue their workers, treating them as "resources". Distasteful jobs that few people want to do should theoretically pay a lot more money, and yet those are the lowest paying jobs usually. We also have a society that actively discourages collective bargaining, ensuring that workers have less clout. We also have a society that naively believes in the adage that a rising tide raises all boats or that trickle down economics really works.

      Overall, America has a ethic that comes from Calvinism, Puritanism, or others. And this is that wealth is not an obstacle to salvation, but a result of salvation. That is, wealth is a natural result of being righteous. This comes from different schools of thought but leads to a similar conclusion that those who are wealthy deserve to be wealthy, which also leads one to conclude that those who are poor must not have deserved to be wealthy.those who are wealthy deserve to be wealthy, those who are poor deserve to be poor. Despite Jesus saying that one cannot serve both God and Mammon, American churches certainly have a trend towards prosperity theology.

      In other words, there's this undercurrent of thinking that poor people are not as good as wealthy people. We call poor people who are out of work "bums". We believe that hard work will pay off and therefore someone who's poor must not be a hard worker.

    141. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      I think he's saying that because on average wages in the US have gone down over the last decades if you account for inflation.
      You've got people working at amazon and wall-mart who are on food stamps while the companies make billions.

    142. Re:Gee, can't imagine why... by The+Cynical+Critic · · Score: 1

      You really shouldn't just look at income differences on their own, the baseline low income level is just as important, if not more important. Loads of really badly working systems trough history have had low income inequality, but the poor in those systems have still been way worse off than the poor in even the worst (western) offenders on income inequality.

      Over here in western Europe the left has moved on from talking about poverty among the poor as social welfare systems do take pretty good care of the most vulnerable in our society to talking about income inequality. In other words it's not about the poor being too poor, it's about the rich being too rich.

      --
      "Why should I want to make anything up? Life's bad enough as it is without wanting to invent any more of it."
    143. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      It's not common in the US. The whole medical bankruptcy is the most common reason for bankruptcy was a myth. There were slightly more bankruptcies in 2017 than in 2007, so obviously Obamacare didn't have some huge effect on reducing them, either. In terms of total bankruptcy, In 2001, 1.45 million households filed for bankruptcy. In 2007, that number was 727,167.

      (Posting as AC as I already moderated in the discussion earlier).

    144. Re:Gee, can't imagine why... by DethLok · · Score: 1

      Modded insightful?

      I'd have modded it troll...

      The number of points missed by ScentCone is... about 5 or so, by my quick and admittedly drunken count? Ooh, maybe 6.

      Nope, nope and nope, ScentCone. Nope.

      Go read up about income inequality and then do some reading about sewerage issues in some of the southern states, just to start.

    145. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Capitalism, as it stands, works mostly for the rich and ensures that it will increasingly work ONLY for the rich.

      And yet no system has succeeded in lifting more people out of poverty.
      It works for the rich by making everyone rich.

    146. Re:Gee, can't imagine why... by Powercntrl · · Score: 1

      It's hard, it's difficult - but it can happen.

      It's statistically unlikely.

      The reason rags-to-riches stories are newsworthy is because they're not a frequent occurrence. You probably heard about the Papa John guy selling his favorite car to start his pizza restaurant. What you probably didn't hear about is the stories of every other mom & pop pizza shop which didn't grow to become a national chain.

      --

      ---
      DRM is like antifreeze, to the MPAA/RIAA it's sweet, to the consumers it's poison.
    147. Re: Gee, can't imagine why... by houghi · · Score: 1

      For me 24K is big money for a degree. But then I live in communist Europe. Would have been 3.000 EUR for three years (or about there) in Brussels if you are an EUR member. For Non-EU memebers it would come to 10.500 EUR.
      Just looked at the 3 year period. Doing it over 6 years would need me to calculate things and I am lazy. Just add 235 EUR for EU and 1450 for non-EU people per year.
      https://student.vub.be/en/stud...

      And there might be cheaper options. No idea.

      --
      Don't fight for your country, if your country does not fight for you.
    148. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      I'm more worried about the guy who works half as hard but is dating the chicken farmer's daughter. Why does he get better chicken? Is that the world you want to live in? Because it *is* the one you live in.

    149. Re:Gee, can't imagine why... by ranton · · Score: 1

      It's not common in the US. The whole medical bankruptcy is the most common reason for bankruptcy was a myth. There were slightly more bankruptcies in 2017 than in 2007, so obviously Obamacare didn't have some huge effect on reducing them, either. In terms of total bankruptcy, In 2001, 1.45 million households filed for bankruptcy. In 2007, that number was 727,167.

      (Posting as AC as I already moderated in the discussion earlier).

      That is quite some cherry picking of data used by you and that article, considering 2007 had a record low number of bankruptcy filings. To put it into context, 2006 had 1,085,209 non-business filings, 2007 had 775,344 filings, and 2008 had 1,004,171. 2007 was an aberration as the trend from 2005-2010 was an increase of over 100,000 more non-business bankruptcy filings per year. After it peaked in 2010, it has been reducing by about 125,000 filings per year from 2010-2016. 2017 potentially has shown an end to that trend, as filings only dropped by 13,400.

      Just to be clear, non-business bankruptcies have been cut in half since Obamacare took effect. That is not just because of Obamacare, since the Great Recession was a large driver of bankruptcies in 2009/2010, but it is still a significant factor. Even if you compare today's bankruptcies to 2005-2007 (before the recession, it has been a nearly 20% drop in non-business bankruptcies. And considering the population is 10% higher today than in 2006, the drop is even more dramatic.

      The fact the story you cited used such skewed and cherry picked data puts a cloud over everything else it states. Its obvious the author had an agenda, even if it was just to be provocative. Considering it goes against the strong consensus regarding the prevalence of medical bankruptcies, it isn't surprising the author needed to fudge the numbers to come to those conclusions.

      --
      -- All that is necessary for the triumph of evil is that good men do nothing. -- Edmund Burke
    150. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      California likes to bitch about how they pay to the Fed compared to how much they get back, but they really aren't in a position to bitch comparitively, they rank something like 13 or 14 on paid/received ratio to the fed. If there's a state that can bitch about it, it's New Jersey, as they receive the least amount of money back from the fed for every dollar sent, yet you never hear them bitch about it.

      And as for how much is paid out of CA, a lot of it can probably be explained simply by that Hollywood and so many tech companies are centered there. The wealth is created all over the country, but it all gets funneled there where the taxes are paid.

    151. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Here's the problem. A college degree isn't required to make it in this society or any other capitalist society. If you spend all that money on a degree that will not pay for itself, it's a bad investment. That's on you, nobody else.

    152. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      I totally agree!!!
      my opinion on the student loan thing is, if the government allows bankruptcy to clear debts from all other that you owe debts to, why not student loans as well?
      it has always bothered me that past tenants I've had could wipe away the debt owed to me... but when it comes to a student loan, somehow that debt owed to the government is different from all other debt.

    153. Re:Gee, can't imagine why... by will_die · · Score: 1

      School debt can be discharged via bankruptcy it just takes a higher standard then a regular bankruptcy. It is also automatically discharged after a period of time.
      Getting a degree is not that expensive it is living the lifestyle that college students want that is costing a high amount.
      In most states you can get a regionally accredited degree for less $20,000. If you don't want to do any type of loan there are plenty ways to get your degree paid for, most of them go lacking in requests.

    154. Re:Gee, can't imagine why... by omnichad · · Score: 1

      The difference is, in the feudal, USSR, or North Korean models - there is no way to climb the pyramid

      The only way to do that in the US is on the backs of other people. You have to trample and climb over others (this is how pyramids work - without people on the bottom there is nothing to hold up the top). Those people on the bottom cannot pull themselves up by their own bootstraps to get out - they have to pull you down to get there. Some people recognize that as inhumane (that someone still has to be on the bottom) and want to make sure that even those people on the bottom that were used to climb up are not left without the ability to have food to eat and a place to sleep at night.

    155. Re:Gee, can't imagine why... by JesseMcDonald · · Score: 1

      Children of rich, connected parents will start higher on the pyramid and have an easier time climbing higher still.

      Who ever said that equality of opportunity had to be a purely individual metric? Parents taking advantage of their own opportunities to improve their children's circumstances is a legitimate application of equal opportunity on the part of the parents. Equal opportunity does not preclude the existence of families and other close-knit groups looking out for each other and advancing their collective interests in cooperation or competition with other such groups. Considered from a different point of view, it is perfectly normal for people to benefit not only from their own opportunities but also from opportunities which others freely choose to share.

      "Equal opportunity" is somewhat misleading in that it does not actually mean that everyone has exactly the same opportunities. The opportunities one has access to are partly a matter of luck, partly a matter of other people's choices (most notably one's parents' choices), and partly a matter of "making one's one luck"—in any case they are expected to vary from person to person. The ideal underlying "equality of opportunity" is more like "equal opportunity under the law"—in other words, the principle that the law should treat everyone equally and not place roadblocks in the way of certain people on the basis of irrelevant factors such as social status, class, creed, race, wealth, ethnicity, or origin to prevent them from taking advantage of such opportunities as may present themselves.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
    156. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Socialism has the exact same problem, it just plays out via a different vector.

      When redistributing wealth, eventually someone somewhere gets the job of deciding who gets what. That person is "the rich," and it is amazing how much more that person (and whoever he cares about) gets than everyone else.

    157. Re:Gee, can't imagine why... by bmxer4130 · · Score: 0

      Equating cheap technology to a good quality of life is imbecilic. Technology is very cheap and affordable, and it absolutely does not equate to being able to afford basic things like rent, school, medical bills, and kids.

    158. Re: Gee, can't imagine why... by Galaga88 · · Score: 1

      A simpler way to state all of this:

      I pay taxes for your kids to go to school because I don't want your kids robbing me at gunpoint because they couldn't go to school.

    159. Re: Gee, can't imagine why... by medoc · · Score: 1

      Also, not everything is about economic efficiency.

      Normal people are happier when people around them are happier. Only sociopaths like "lesser people" to suffer.

      There is quite probably a place between full solidarity and full individual responsibility which maximises "global happiness" (quotes because I'd be hard-pressed to define what this is :)). This optimal point is a matter of compromise, some place between communism and wild west capitalism... There are indeed studies which indicate that the most happy societies are those with a "reasonable" degree of inequality.

      I live in France, where I was lucky enough to pay a lot of taxes (because I earned a good living). I see the problems with redistribution, but I also, and mostly, see the good sides.

    160. Re:Gee, can't imagine why... by nitehawk214 · · Score: 1

      Capitalism is great. Socialism is bad. If you want to redistribute wealth on society just do that rather than elect authorities.

      Do you know what socialism is?

      --
      I'm a good cook. I'm a fantastic eater. - Steven Brust
    161. Re:Gee, can't imagine why... by PrimaryConsult · · Score: 1

      It's also how our highways work. Government pays for the infrastructure, everyone gets to use it. Maybe make it more like a toll highway system, where there's access fees proportional to axle count (a 3 car passenger train versus a 100 car freight train).

    162. Re:Gee, can't imagine why... by xvan · · Score: 1

      There is high mobility, even at the top of the pyramid, 1% owns half the wealth, but the members of that 1% arent's permanent. 1 generation of hard working and smart life choices are enough to get out of poverty. 2 generations are enough to climb the pyramid.
      And, the people at the bottom of the capitalist pyramid are better off than people at the bottom on any other system. Poverty is our natural state, not the deviation caused by society.

    163. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      $24K for a BA not big money?

      In many Western European countries, one can do a BA+MA for about €4K.

    164. Re: Gee, can't imagine why... by amicusNYCL · · Score: 1

      There have to be consequences for peoples' actions.

      Exactly. It's your dumbass fault for being born with a permanent disease or disability, now you have to live with the consequences of being born. Better learn to talk fast so you can negotiate for medical insurance, because that medication you need is priced to the absolute maximum that the top of the economy will bear.

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    165. Re:Gee, can't imagine why... by bmxer4130 · · Score: 0

      This is called social mobility and it's extremely low in the United States. Google 'social mobility in the U.S.' to read more. Being able to move up the ladder is a complete myth. If you start out in poverty, you are likely to go to a poor school, not be able to make many good social connections, have health problems and an ingrained culture (culture of poverty) that keep you in poverty. Sure there are many well-publicized cases where someone really does go from rags to riches, but that's the exception, not the rule. For every person you see that succeeds in that path, there are 100,000 that fail. It's called the American dream because you have to be asleep to believe it. -George Carlin

    166. Re:Gee, can't imagine why... by amicusNYCL · · Score: 1

      Your attitude is a big part of the problem. Because YOU PERSONALLY don't see something, it isn't a problem?

      Oh, please. This snowball in the US Congress is absolute proof that there is no drought in Australia.

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
    167. Re:Gee, can't imagine why... by aliquis · · Score: 1

      Yeah, the idiotic idea that the collective knows best.

      Practically we've ended up with a few individuals who pretend or possibly even try to act in the interest of the collective but fail. Regardless none of those are me and even if it was me someone would be unhappy with my authority to rule over them and not like my decisions.

      A free market economy instead let me make the choice but of course there there's a limit for to what capacity I can get things my way limited by my capacity to spend. If you want to enable a higher capacity to make more choices according to your wishes for the poorer in such a society you can still redistribute wealth thereby lowering the capacity for others but increasing it for those with the smallest means. Still no idiot or whole society deciding for them though.

    168. Re:Gee, can't imagine why... by Anonymous Coward · · Score: 0

      As you said, define "medical bankruptcy". The numbers you use for the larger estimates are compiled by listing every bankruptcy that had ANY medical debt as part of it. Owe $500 to the hospital and $500,000 to the casino? It's a medical bankruptcy!

      More accurate numbers, where medical debt is the largest component (or even better, where the medical debt is unpayable even if it was the only debt), are hard to estimate. However, it's generally measured at on the order of 1-3% of all bankruptcies. That's around to 10,000 to 25,000 per year in the US.

    169. Re: Gee, can't imagine why... by freax · · Score: 1

      Not disagreeing with you here, but Albert Einstein's parents where not dumb or unremarkable:

      The Einsteins' electrical firm manufactured dynamos and electrical meters based on direct current. They were instrumental in bringing electricity to Munich. In 1885, they won the contract that provided DC lights to illuminate the Oktoberfest for the first time.

      Compared to today, that's like a software developer or computer geek. The kinda guy who'd post here on slashdot.

    170. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Eugenics is a fantastically stupid idea because that's not how genetics works.

      Actually ... genetics does work that way, to an extent. Intelligence, as measured by IQ, is 45-75% heritable.

      To take the example you raised, Einstein's father was an engineer; not quite an internationally-famous scientist, but significantly more academic than the average person. Their entire ethnic group, in fact - Ashkenazi Jews - are substantially overrepresented among academic prize-winners, and have measurably higher IQ than the general population average.

      The evidence is there to suggest that eugenics could cause a small but measurable increase in average intelligence. Unfortunately, the only major application of eugenics to date - the Holocaust - discriminated against the Ashkenazim in breeding rights (also, genocide), so it presumably had the opposite effect.

    171. Re:Gee, can't imagine why... by Gavrielkay · · Score: 1

      Even 'under the law' our society is skewed in favor of the rich. How many rich kids go to jail on drug offenses vs. poor kids?

      Ours is a world where the rich can buy themselves better lawyers, doctors, teachers and just about everything else that gives them an advantage over the poor. Sure, some of them have earned it through skill and hard work, and we've a natural desire to see them rewarded for that. We want rich people to have great lives because we are creatures of hope and we want to think we can work hard and develop a skill and join them in their lifestyle.

      It doesn't change the fact that social mobility is declining. There are no rules, no caste system, that says the poor aren't allowed to change their lot in life. But the wealth gap is growing and leaping over it is becoming more difficult. There are social problems caused by that, and they won't go away by being blind to capitalism's short-comings.

    172. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      Also, it never fails that those who spout eugenics are invariably the same mediocre people that would be eliminated by their own plan. I have yet to find a even slightly successful, smart person talk about eugenics in a positive way. 100% of the time it is some poor right winger believing he'll be spared because he's somehow special.

    173. Re: Gee, can't imagine why... by Anonymous Coward · · Score: 0

      I'm sorry? You did say $24K, didn't you? Sounds like big money to me. Here, it would cost her 0 EUR.

      (Of course there's the cost of living, but I'm assuming you haven't figured that in your number as well.)

    174. Re:Gee, can't imagine why... by Duhavid · · Score: 1

      Assuming "CC" means community college, I'd like to know where.
      Community college was not free for me Mesa College. ( San Diego ), nor was UCSD.

      --
      emt 377 emt 4
    175. Re:Gee, can't imagine why... by farble1670 · · Score: 1

      San Jose, CA. I think it was Deanza CC and SJSU. He is low income and an adult.

    176. Re:Gee, can't imagine why... by Duhavid · · Score: 1

      I'm in San Diego, and my CC/University days where late 80's to early 90's. Mesa College and UCSD.
      I was adult, resident and low income ( Laffen's bike shop, Clairemont Bike Station, Hals Bike Center, then, finally a programming job ).
      There was no relief on the tuition front for me, or those around me.
      I had to work my way thru, so it took a while longer for me.
      Pete Wilson raising UC tuition just when I transferred to UCSD did not help things at all.

      From all that I have heard/seen, tuition has not gotten better in CA, I'm glad your wife's brother can get an education, but in general, I am unaware of any other areas in CA where the post high school education is free.

      On the loan front, my wife got a loan for a nursing program. She did get it. We are still paying it off.
      I'm making continual out-sized payments, it is going down, but if we had not married, she would be in a world of hurt.

      --
      emt 377 emt 4
    177. Re:Gee, can't imagine why... by chill · · Score: 1

      Yeah, that guy's an even BIGGER problem. :-)

      https://www.xkcd.com/154/

      --
      Learning HOW to think is more important than learning WHAT to think.
  4. Fine by me by Anonymous Coward · · Score: 1

    Get rid of it.

    1. Re:Fine by me by Anonymous Coward · · Score: 0

      And do what?

  5. Same when I was young by jfdavis668 · · Score: 4, Insightful

    The young always think there is a better way. As they grow up, they realize that the current way works, while most "good ideas" don't. But, enough new ideas do work to keep the system changing.

    1. Re:Same when I was young by itguy01 · · Score: 1

      Prove it! Obviously the current way isn't working, if it were, growing numbers of people wouldn't be looking to change it. The argument of when you were little is invalid. When people make that argument, more often than not, they are referring to times when you could actually work during the summer months and afford to pay for tuition. Those days are long gone, with government guaranteed loans, schools have no reason to keep the prices down because "hey, if you don't pay us we will just ruin your credit then default you and get paid by the government anyways".

      --
      ~I bet you were looking down here for an awesome siggy like everyone else..sorry to disappoint~
    2. Re:Same when I was young by Hentes · · Score: 3, Insightful

      More like the young are generally on the losing end of capitalism.

    3. Re:Same when I was young by Anonymous Coward · · Score: 0

      more like they just become jaded, and realize that they are powerless to create change within this system we call america.

      short of a precipitating event, it is impossible to change the system.

      two-party politics, and a lack of proportional representation makes it impossible for minority to even get a voice. Voters must side with the lesser-evil, and the cycle of theft from the people continues each election cycle.

      congress/senate ignores public opinion, and even if one-person gets in, their party will not allowthem to put forth legislation until their a senior official who has completely sold their soul to their handlers.

      our system is fucked, and its dragging this country into a 3-rd world.

    4. Re:Same when I was young by liquid_schwartz · · Score: 1

      Prove it! Obviously the current way isn't working, if it were, growing numbers of people wouldn't be looking to change it. The argument of when you were little is invalid. When people make that argument, more often than not, they are referring to times when you could actually work during the summer months and afford to pay for tuition. Those days are long gone, with government guaranteed loans, schools have no reason to keep the prices down because "hey, if you don't pay us we will just ruin your credit then default you and get paid by the government anyways".

      To be fair when he was little we had a more unified culture, fewer illegals, inheritance taxes to keep the wealth moving around, and college and housing were far more affordable. Not to say that everything was better but the broad strokes were.

    5. Re:Same when I was young by Anonymous Coward · · Score: 0

      So should the government give each young person a million dollars? How about they work their way up the ladder to success like nearly everyone else. Envy and impatience are for socialists.

    6. Re:Same when I was young by Anonymous Coward · · Score: 0

      The young always think there is a better way.

      Looking around the world, some countries are doing much better at providing comfortable lives for ordinary people than other countries. Countries like Denmark do very well. The USA does kind of OK. And countries like North Korea and Somalia do very badly.

      In terms of what Denmark does right, the key ingredients seem to be high taxes on the rich and low levels of corruption. And there's no fundamental reason why the rest of the world couldn't be like Denmark - just raise taxes on the rich to the same levels as Denmark and really crack down hard on all the corruption.

      The key thing to realize is that capitalism isn't about fairness: it's about maximizing economic productivity. Rich people don't deserve to be rich and poor people don't deserve to be poor. So if a government can make ordinary people happier by redistributing wealth from rich people down to poor people (without too big a hit to economic productivity) then there's no fundamental reason not to do it.

    7. Re:Same when I was young by Anonymous Coward · · Score: 0

      Good thing you don't stay young forever, right?

    8. Re:Same when I was young by jeff4747 · · Score: 0

      Socialism has never polled this well before. So it's not that same as when you were young.

    9. Re:Same when I was young by HiThere · · Score: 1

      I think what's going on is that young people are more energetic in striving for their goals, and older people tend to be more accepting or resigned.

      In *EVERY* hierarchical system, more people are on the bottom than are at any higher level. Often than are at all higher levels combined. This is part of the nature of hierarchy. Look at a balanced tree, and count the nodes at each level (with the root node placed at the top). If you have a branching rate of greater than 2, this becomes much more extreme (but you have fewer different levels).

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    10. Re:Same when I was young by Anonymous Coward · · Score: 0

      Bullshit. They get old enough to realize that they can't change jack-squat about our entrenched system-for-the-rich, so they do what they can for themselves.

    11. Re:Same when I was young by Anonymous Coward · · Score: 0

      No, they're just on the lower rungs of capitalism because they haven't started climbing yet. And the ladder is multi-generational, so parents can start their kids out on a higher rung than they themselves started on.

    12. Re:Same when I was young by citylivin · · Score: 1, Informative

      "The young always think there is a better way. As they grow up, they realize that the current way works, while most "good ideas" don't."

      More like you learn that the new boss is the same as the old boss, you cant fight entrenched interests, you are too busy surviving and raising kids, have zero disposable time or money or energy to 'fight the system' anymore and accept that the rich will always win. For me that happened in my mid 20s. I drank for a while, then raised a family and am more concerned with their well being than enacting any sort of societal change, if i even had the time...

      What you are describing is that people get broken down and more apathetic as they age. You can call that being "realistic" all you like, but reality as it is sucks. Sure there are lots of realities that are worse, but its not like the "money takes all" reality is anywhere close to good.

      We can do better and indeed must because climate change is here to stay and will only get worse.

      --
      As a potential lottery winner, I totally support tax cuts for the wealthy
    13. Re:Same when I was young by omnichad · · Score: 1

      As they grow up, they find themselves in a better situation and simply don't care anymore except to preserve what they have.

      FTFY

    14. Re:Same when I was young by Anonymous Coward · · Score: 0

      "More unified culture"?? You're saying that's a positive on Slashdot? We're *nerds* here. People who've heard the names Vi and Emacs are a minority culture compared to your average jock type, and I may be doing the average Joe a kindness by not making the name Linux itself my example. Crowing about a unified culture is inviting the Jocks and the Preps to throw us into "lockers" until no-one can hear us anymore, and making us smile and nod at their football games lest we be punished for being heretic weirdos.

    15. Re:Same when I was young by AmiMoJo · · Score: 1

      This generation sees that their parents had it pretty good, burning all the oil and buying up property that shot up on value. Cheap education, great pension...

      And pile up all the debt for their kids to pay off.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    16. Re:Same when I was young by Anonymous Coward · · Score: 0

      No, young people are just not as smart as they think.

    17. Re:Same when I was young by serviscope_minor · · Score: 1

      The young always think there is a better way.

      The old always think their way is the best because they're still here selection bias be damned.

      --
      SJW n. One who posts facts.
    18. Re:Same when I was young by Anonymous Coward · · Score: 0

      Nah, the young think "Wouldn't it be nice if this gravy-train of not having to work would never stop?".

    19. Re:Same when I was young by Anonymous Coward · · Score: 0

      no. this time it is different. as I am old now, I can see the young generation struggling a lot more than I had to.

      to put it bluntly, they have it worse off than we did. and this time they are not going to grow up and become old style free market republicans.

      they are going to be some kind of new republicans... really supportive of private small industry while wanting the government to actually be efficient. and not giving a flying fuck about "Gods Guns and Gays" which is what the old GOP was built on.

    20. Re:Same when I was young by Anonymous Coward · · Score: 0

      I would wager they are beaten down by a system too corrupt to fix. Not easy being an idealist on an empty stomach.

    21. Re:Same when I was young by Anonymous Coward · · Score: 0

      Run the same poll in a socialist country and you'll find more than 51% favouring capitalism. The "young" generation suffers from envy and entitlement and do not want to work for success and have their efforts pay off. It is easy to favour socialism with that mindset. Until you get socialism and end up having 2/3 of your income getting confiscated by the government to provide you with appalling and disappointing but semi-free healthcare and education and mediocre and too little infrastructure while seeing the concepts of disposable and discretionary income becoming a myth. Socialism is favoured by those not willing to work for their own success.

      What we really need is a better version of capitalism that positively impacts more people than the current US-version of it. Hard work should still be rewarding and not have its proceeds only favour the bottom part of society as you see in socialist countries. While capitalism in its current form favours the rich, socialism in its current form punishes the rich and dissolves that altogether. Remove the option for people to get rewarded for their efforts and labour and you end up with an economy and society in decline.

    22. Re:Same when I was young by kaatochacha · · Score: 1

      Some poor people deserve to be poor. Some rich people also deserve to be poor.

    23. Re:Same when I was young by kaatochacha · · Score: 1

      You call it "broken down". some would call it "wisdom". Would you WANT an elderly establishment that had even more energy than now to spend all their time making sure that there are no curbs?

    24. Re:Same when I was young by Anonymous Coward · · Score: 0

      You sound like my grandpa. "Don't know why you need expensive toilet paper to wipe yer ass when an old newspaper or Sears catalog will work just fine."

      Sometimes "good ideas" turn out to be the best ideas. I started out life against my parent's politics and was very liberal, even joining the Democrat Socialists in college. Then I found it hard to get by in the world and found myself agreeing with my parent's conservative politics and a high view of capitalism. But now in the back nine of my life I find myself sympathizing more with the youth again and liberal ideals. I have way more than I could ever need. Why should I consume more and more just for the sake of having more and keeping the capitalist economy going when so many in our country and around the world have so much less. I'm more than willing to listen to the ideas of the young generation and happy to see they are not content with the status quo. I'm also more than willing to give up some creature comforts and luxuries to allow others, including myself, to have more...like basic healthcare, a roof over their heads, and food in their belly.

    25. Re:Same when I was young by Anonymous Coward · · Score: 0

      i'm old enough to have grandkids who could have participated in this survey. NO it's not working as it is. NO it has NEVER worked IN MY LIFETIME. it's fucking broken. the rich and powerful broke the system before i was even born.

    26. Re:Same when I was young by Darinbob · · Score: 1

      Well, that brings up the idea held by so many people that economics is a zero sum game. That is if someone wins then someone else had to lose.

    27. Re:Same when I was young by Anonymous Coward · · Score: 0

      Never mind the article, did you even read the summary? When you say "the young always", do you not realize that this article is talking about a major shift in the thinking of the young? It is pointing out that the status quo in their beliefs is changing? This is not about their normal tilt toward the left that has been joked about for eons. This is about a major surge in that direction. And frankly, I think it is in the older groups too. They are just not yet to the point of admitting it on a survey. But, I've heard again and again a sense of failure in older folks as they see that they have not made things better for their children as they were taught they should and of compassion for the plight of the new generations.

    28. Re:Same when I was young by Anonymous Coward · · Score: 0

      And then they grow older, they start generating more income, their parents die and they get enough money to climb up the social ladder. Yup, that's how it goes.

      Luckily enough for us transhumanism is going to abolish death and people will be able to stay forever young and on the losing end of capitalism.

    29. Re:Same when I was young by Anonymous Coward · · Score: 0

      More like the young are generally on the losing end of capitalism.

      Guess what the best predictor of wealth is? Age.

      It takes time to accumulate wealth through work. Who would have thought?

    30. Re:Same when I was young by Anonymous Coward · · Score: 0

      Oh, well, a young man
      Ain't got nothin' in the world these days
      I said a young man
      Ain't got nothin' in the world these days
      Well, you know in the old days
      When a young man was a strong man
      All the people, they'd step back
      When a young man walked by
      But you know, nowadays
      It's the old man
      He's got all the money
      And a young man ain't got nothin' in the world these days
      I said
      Ain't got nothing
      Got sweet nothing

    31. Re:Same when I was young by Anonymous Coward · · Score: 0

      Bullsh*t, all the things you take for granted are here because of capitalism. From the technology you enjoy to not lining up for toilet-paper/bread.

      Far-lefties are invariably complete morons who think if communism happens, everyone gets free i-phones.

    32. Re:Same when I was young by amicusNYCL · · Score: 1

      The young always think there is a better way.

      Is that how you explain the baby boomers fucking everything up for everyone else after they got theirs?

      --
      "Our two-party system is like a bowl of shit looking at itself in a mirror." - Lewis Black
  6. pull yourself up by your bootstraps by Anonymous Coward · · Score: 0

    - Joe Biden

  7. No kidding, Sherlock! by The+Original+CDR · · Score: 5, Insightful

    When you got millionaires and billionaires putthing themselves ahead at the expense of the public, people are not going to have a positive opinion of capitalism.

    1. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      When you got millionaires and billionaires putthing themselves ahead at the expense of the public, people are not going to have a positive opinion of capitalism.

      your right. trickle down economics does not work. this happens because corrupt lawmakers/regulators change the rules to protect the rich, not due to capitalism in itself.

    2. Re: No kidding, Sherlock! by Anonymous Coward · · Score: 0

      In systems theory, this is what we call "emergence" so yes, capitalism *is* to blame because unchecked, the system naturally evolves to crony-capitalism.

      That's like saying corrupt governments aren't to blame from socialism when all former systems inherently lead to this problem.

      While anomalies are possible in these instances, they're highly improbable, by definition.

    3. Re:No kidding, Sherlock! by HiThere · · Score: 1

      That's not the entire story. Part of it has to do with perceived chance for upwards mobility.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    4. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      When you got millionaires and billionaires putthing themselves ahead at the expense of the public, people are not going to have a positive opinion of capitalism.

      Except that has NOTHING to do with capitalism. It's quite the opposite. There should be no stealing from the public treasury in the first place and it has nothing to do with capitalism. That's part of the problem here. Those in power and our "esteemed" public indoctrination camps have TWISTED the meaning of capitalism to suit their purposes.

    5. Re:No kidding, Sherlock! by ScentCone · · Score: 1

      When you got millionaires and billionaires putthing themselves ahead at the expense of the public, people are not going to have a positive opinion of capitalism.

      I know, right? I mean, the total amount of prosperity available was fixed at a permanent size back in 1776. And ever since then, the rich people have simply taken the prosperity they want, leaving less prosperity for everyone else.

      Which is, of course, complete crap. The pie doesn't get carved up into smaller and smaller pieces, the pie grows (when it's allowed to - something collectivists abhor). The lowest income people today live like kings compared to their counterparts in the past. But they aren't living in lower income brackets because someone else has a good paying job - that entire notion is pure BS. If we collected ALL of the income - 100% of it - from those evil one-percenters, it wouldn't even pay for the budget deficit through spring each year. But some people seem to think that if we only just prevented a small number of people (who pay most of the taxes!) from being wealthy, that everyone who walked away from high school to sell drugs, or who refuses to learn English, or can't get a job because they have a criminal history for beating their kids, or, or, or would suddenly be on the path to a comfortable middle class life.

      People who have a poor opinion of market economics do, indeed, get mad when nobody gives them anything. After all, how can it be a good system if you have to produce something in order for other people to want to give you what they made?

      --
      Don't disappoint your bird dog. Go to the range.
    6. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      Ordinary people in the past knew how to grow vegetables, fix their clothes instead of buying new ones or walking around with missing buttons on their shirt. They also could get outside and talk to people. They even had Sunday clothes (for church day) which they don't anymore.
      Now we push a button instead of sewing a button and we get dinner and have all manners of things and comforts (e.g. poor are likely to have a laptop or last gen console or smartphone).

      What I'm saying is we might underestimate people and society of the past. There was bigotry, suffering, inequality was more brutal and upfront (e.g. servants family and masters family) but just because they didn't have a Super Nintendo and a Game Boy (or Xbox and smartphone) and had to take a dump in a outhouse doesn't mean we automatically have it better today.

      In 19th century etc. your family could even get fed up with you, have no mean of providing for your 12-year-old sorry ass.. so you got to work as a live-in apprentice. Today, underclass is 25-year-old with no job experience. Well, I'm picking whatever I want and leaving Dickensian horrors out (but we in the West have some problems today with drugs both legal and illegal, people somewhat malnourished, or Amazon warehouses)

    7. Re:No kidding, Sherlock! by Dutchmaan · · Score: 1

      ...oh yes we're quite familiar with your "pie growth".. but for some reason the people at the bottom who DO THE ACTUAL LABOR haven't seen much of anything at all of this new larger pie! For some reason the people of the OWNERSHIP class keep taking more and more of the fruits of other people's labor while the people who do the work remain at the same income while the costs of living rise! Add to that all the douche canoes who call the people ACTUALLY creating the wealth "lazy moochers" and "the entitlement class" and you end up with this Ayn Randian class of people who are on increasingly shaky moral ground while the masses become legitimately angry. But don't you worry cupcake.. you just wrap yourself up in that cozy little argument that "we just don't want anyone to be wealthy" to justify your shitting over large swaths of the populous, I'm sure it'll all work out for you in the end.. I just hope you're planning on building a nice big castle with high walls.

    8. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      The thing is it's not a one to one relationship. In some cases yes, greed in the reason why some people are rich. In other cases, they made a positive contribution to society and were able to reap the rewards from that. We really have to get away from this idea that everyone who is rich got that way by dishonest means.

    9. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      The masses generally accept a system that lets them have a nice life - and generally rejects a system that puts them in poverty.

      Doesn't matter so much if it is capitalist, socialist or something in-between, doesn't matter if it is democratic or dictatorial. The masses wants their bread and circus, and don't revolt if they get it. A democracy is nice in that a revolt isn't necessary - you can vote for a system change.

      Socialism is hard to pull off - people like to own stuff and accumulate some wealth. So the soviet union could not work. Oppression became necessary to keep the system.

      Pure capitalism is hard to pull off, because wealth accumulates on fewer and fewer hands, after a few generations you have lots of poor people and a few owners of megacorporations. People getting sufficiently poor will no longer prop up the system. The US seems to go this way - but is a democracy so a system change is possible.

      Countries with some sort of mixed system seems to do better. E.g. private property as in capitalism, but a high tax rate (that taxes the rich too). Tax money can then be used to avoid poverty - be it through handouts or job-creation or whatever.

       

    10. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      When the majority wants to oppress the minority, the minority is going to try to defend themselves. Rich people are like sand. You can't hold more of it by squeezing your fist tighter. They'll just leave and leave you with less because the riches is not what is important, but the people who create them.

    11. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      This is weird idea. Population is important. Country supposed to work for population, not for "people who create riches" as it does now. People who create riches are not important if they keep 99% of them. If they manipulate the system to push the rest of population into poverty, the hell with them and with their shiny system.

      They leave and move where? Does it matter if Bezos move to Uganda if he still makes most of his business in US? If he moves the business out of US, someone less "like sand" will take his place and work for the benefit of society.

    12. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      millionaires and billionaires putthing themselves ahead at the expense of the public

      Government politicians and bureaucrats favoring profiting their friends is something which is done as part of government and the more socialist systems, it's the opposite of capitalism.

    13. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      How is this different from buearocrats or komisars putting themselves ahead?

    14. Re:No kidding, Sherlock! by Anonymous Coward · · Score: 0

      And perhaps seeing a glorified web designer (Zuck) becoming one of the most rich and powerful people in the country is a little discouraging as well.

  8. I can't blame them.. by Anonymous Coward · · Score: 5, Insightful

    The people who came before them are rigging the system against them so only they and their kids who made it can benefit. The ladder has been pulled up and these young folks are starting to realize this more and more.

    1. Re:I can't blame them.. by Anonymous Coward · · Score: 1

      This is exactly what's going on.

      And it gets worse every day. What you see are people that found a market exploiting it, then closing the door behind them to avoid competitors that would otherwise try to do the exact same things they did to become successful. Usually with a mix of patents, copyrights, and bribing of politicians to enact particular regulations that they themselves can afford (having already made the money) but competitors can't hope to adhere to starting off.

      And as you say, more and more people are starting to actually notice that the way it works in the real world is not nearly what they were taught by family and school.

      That being said, I don't think even half of these americans are actually soured on capitalism. They're just soured on America's version of it.

    2. Re:I can't blame them.. by jythie · · Score: 2, Insightful

      The people who came before them got a massive economic boost through heavy government spending, but now the older generation, having gotten their reward, want the younger one to pay all the bills.

    3. Re:I can't blame them.. by Sir_Eptishous · · Score: 1

      Right, this is as much a generational shift as anything else.

      Since the Xers are the smallest generation, they will be the ones that the Boomers give the shaft to when it comes to SS, etc.
      The Millennials and Ys will see this and really see how fucked they are.

      --
      We play the game with the bravery of being out of range
    4. Re:I can't blame them.. by ScentCone · · Score: 1

      No, the people who came before them benefited from a brief period in world history when the rest of the world was still in third world shithole status (either because they were already there, or got themselves into wars that put them BACK there). When nobody else much competes with your bustling economy, you get an easier shot at prosperity. So we gave those other economies a bunch of advantages so they could get on their feet. Those trade advantages have been propped up and left to linger for decades too long, and they're finally getting addressed. Which is a good thing, because it will, once the dust settles, rebalance at least some of what's been working against things like manufacturing in the US.

      --
      Don't disappoint your bird dog. Go to the range.
    5. Re:I can't blame them.. by strikethree · · Score: 1

      I wouldn't say that the ladder has been pulled up. I would say that they have no resources to leave their kids because someone else sucked up all the wealth.

      The vacuuming of wealth was planned out 70+ years ago. It was obvious that with a "boom" in babies that some time later, medical services would be the "best" way to siphon huge amounts of wealth away from the populace. That is why our health system is so fucked up. The harvesting is almost done, but I have no idea what is going to be done with such vast wealth being kept out of circulation.

      --
      "Someone needs to talk to the tree of liberty about its ghoulish drinking problem." by ohnocitizen
    6. Re:I can't blame them.. by Anonymous Coward · · Score: 0

      Isn't that the whole point of voting for people who will spend more than the raise in taxes? I'm past my mid-life point, so I should start voting Republican too, simply for profit. If you don't like supporting hippies, you'll have to show up at the polls and do something about it. And I know you can't be bothered.

      Our Fear and Debt Party will crush your puny Equality Party, and those third parties (the laissez-faire party and the sustainability party) aren't even on the map.

  9. That's because... by hackingbear · · Score: 0, Offtopic

    they haven't lived in a (real) socialist country.

    For example, despite all the problems you may have heard about in China, life there is significantly improved comparing to before the country's economic reform that turned itself from a backward socialist/communist state into the most capitalistic superpower, even though their governing doctrine is still communism.

    1. Re:That's because... by JoeDuncan · · Score: 0

      they haven't lived in a (real) socialist country.

      They also haven't lived in a (real) capitalist country either.

      Capitalism as practiced in the US and most of the west is "crony-capitalism", where power interests that control the money artificially manipulate supply, demand and market information.

      To have true capitalism, the essential aspects of the free market: supply, demand and transparent market info; must be protected from manipulation by those with the means to do so.

      The US is not a "capitalist democracy", it's a oligarchical republic.

    2. Re:That's because... by Train0987 · · Score: 5, Insightful

      And only fifty million Chinese had to die miserably for that communist utopia!

      Lets not mention that the average standard of living in China only began to improve once they began adopting capitalism or that the communist regime risks being overthrown if they hint at turning back the clock to that utopia.

    3. Re:That's because... by Anonymous Coward · · Score: 0

      Or Scandinavia, where productivity/hour is high and people are well fed, generally happy and have six weeks of vacation.

    4. Re:That's because... by Herkum01 · · Score: 2, Insightful

      they haven't lived in a (real) socialist country.

      Norway and Sweden have both been pretty successful at what they are doing, maybe they are better examples than China or Russia.

    5. Re:That's because... by Anonymous Coward · · Score: 3, Insightful

      I think actually it's because they are envisioning Europe; they don't want socialism as in a real socialist country, but things like socialized medicine, etc. I've heard often from conservatives that Europe is socialism and it's failing, meaning while things couldn't be more different in that living in a european country is quite different than many people think and really they don't have socialism from that strict sense of the term.

    6. Re:That's because... by polar+red · · Score: 1

      >essential aspects of the free market

      you're forgetting an unlimited number of buyers and sellers. Which is why a true free market is unrealistic.

      --
      Yes, I'm left. You have a problem with that?
    7. Re:That's because... by b0s0z0ku · · Score: 4, Insightful

      It's not an A or B choice, though. There's a 2-dimensional spectrum with one dimension being capitalism --- socialism, the other being authoritarianism --- libertarianism. Most younger people want less authoritarianism and more socialism, but it's not a bilateral choice between "Mao" and "the US."

    8. Re:That's because... by Anonymous Coward · · Score: 0

      Please don't think like that. Going from one extreme to the next does not help the issue. Capitalism has some severe fundamental problems. It doesn't mean we need to ditch it and go socialist, but without addressing those issues, it may not last. Simply saying that "extreme socialism is worse, so stfu and enjoy what you have," is not a good answer.

    9. Re:That's because... by Anonymous Coward · · Score: 0

      Methinks you need to stop confusing socialism with state-directed communism. You're talking like the so-called libertarians in the US (and to some degree, the UK) who forget that one of the *four* institutions of power the socialist libertarians who invented the movement in the late 1850s had a problem with was the market.

    10. Re:That's because... by JoeDuncan · · Score: 1

      ... an unlimited number of buyers and sellers.

      That is not actually a requirement of capitalism.

      It IS a requirement of "crony-capitalism", which causes inflation and results in a never-ending need for "growth"; which is impossible to achieve in a closed system.

    11. Re:That's because... by jythie · · Score: 1

      Yeah, but Norway and Sweden have too many happy poor people, and the pro-capitalist crowd really wants people to suffer in order to boost their self worth.

    12. Re:That's because... by Anonymous Coward · · Score: 0

      Or Scandinavia, where productivity/hour is high and people are well fed, generally happy and have six weeks of vacation.

      Scandinavia is fully capitalist. Just because they spend a lot on social programs doesn't make them socialist.

      Index of economic freedom. Scandinavia ranks pretty highly.

      Who the hell owns Ikea, anyway?

    13. Re:That's because... by Anonymous Coward · · Score: 0

      BS. without an unlimited number of sellers, monopolies and oligarchies will happen. Few buyers would create an equally unbalanced system.

    14. Re:That's because... by Anonymous Coward · · Score: 0

      There's more reasons why China was "backwards" in the 50s/60s. They simply weren't able to trade. They had also for decades gone from one devastating war to the next. Inflation post WW2 was as great as Venezuela is experiencing right now. So it's not simply about capitalism saving China. Moreover, China is still a socialist country that has very strick employment laws.

    15. Re:That's because... by Anonymous Coward · · Score: 2, Insightful

      they haven't lived in a (real) socialist country.

      I neighther have you, apparently.

      Because if you did you'd know about a number of social-democrat countries, particularly in Europe, that have been doing spectacularly well for a number of decades.

      But your post clearly shows that you're ignorant, but it also shows, and that is worse, that you don't even know that you're ignorant.

      And that is to be expected for such a closed, culturally isolationist country like the US, where the vast majority of the population, especially in the red states, speak only one language and have never been more than fifty miles away from the place where they were born, let alone travelled the world.

    16. Re:That's because... by Anonymous Coward · · Score: 0

      Take a look at the population growth rates 1911-1949. They were pretty bad, and people were starving left and right as well. There were several plagues, as well as famines hitting China in several regions. pre-Communist China wasn't much better. In fact majority of the population growth occurred after pre-Communist China, at a much faster rate than pre-Communist China. There's more to what happened in the 50s-60s.

    17. Re:That's because... by Anonymous Coward · · Score: 0

      They don't have workers' ownership of the means of production, and hence are not socialist.

    18. Re:That's because... by Anonymous Coward · · Score: 0

      but the people wanting to keep the status quo don't want to point out good examples.

    19. Re:That's because... by HornWumpus · · Score: 1

      You're just making it up, full of shit.

      Just like the 'no prefect free markets' derp commies are always spouting. It's nonsense they made up.

      Actually read 'wealth of nations' then get back to us. Until you do, you are just repeating derp.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    20. Re:That's because... by HornWumpus · · Score: 1

      China is fine, the mainland is screwed up. It will all be fixed once Taiwan takes over.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    21. Re:That's because... by quantaman · · Score: 1

      they haven't lived in a (real) socialist country.

      For example, despite all the problems you may have heard about in China, life there is significantly improved comparing to before the country's economic reform that turned itself from a backward socialist/communist state into the most capitalistic superpower, even though their governing doctrine is still communism.

      I'll note that when you actually gave your example for a "(real) socialist" country you actually described it as "socialist/communist".

      Most of the people here decrying the naivety of the youth are actually talking about communism. But most people when talking about communism tend to use a different label, communism.

      Though when people talk about capitalism they still mean US-style capitalism, despite the fact the gap between pure capitalism and the US system is about as big as the gap between modern "Socialism" and Communism.

      For a proper reading of the poll assume that a huge portion of the respondents are comparing a European style mixed economy to a US style mixed economy.

      --
      I stole this Sig
    22. Re:That's because... by Anonymous Coward · · Score: 0

      But before then Kim Jong Un will become Emperor of Korea and preside over a socialist giant that will set the tune for the rest of the world.

    23. Re:That's because... by angel'o'sphere · · Score: 1

      I really wonder how americans can be so brainwashed.
      Which part of 'communism' killed one in China?

      Oh, it was not communism, it was the aftermath of a revolution and the bloodiest civil war in human history!

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    24. Re:That's because... by HiThere · · Score: 1

      Well, worshiping Adam Smith is also wrong, but he was sure better than those who claim to follow him.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    25. Re:That's because... by HiThere · · Score: 1

      That means that they aren't syndicalist and the aren't communist, not that they aren't socialist.

      And neither syndicalism nor communism scale at all well, so you won't find a large version of either existing.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    26. Re:That's because... by HiThere · · Score: 1

      There has never been, and will never be, a pure Capitalist country (larger than Luxemborg...it could possibly work on a small enough scale, at least for awhile). There are multiple reasons, but here's two:
      1) It's an incomplete specification for a society. You *must* have other elements.
      2) It doesn't include any mechanism to prevent accumulation of power into small groups that will then act to prevent potential competitors. Which transitions into a Monarcy or Oligarchy.

      --

      I think we've pushed this "anyone can grow up to be president" thing too far.
    27. Re:That's because... by aepervius · · Score: 3, Insightful

      Yeah like those hellhole of danemark , sweden, etc... You can mark everything as a failure if you ignore the success the only gather the failure. The truth is, socialism and capitalism together , the one to build a social net to avoid people falling down, the other to enhance society as a whole is MUCH better than either one pushed to 11. At the moment the US is doing capitalism pushed to 11, and the younger generation can recognize they are getting fucked in the ass without vaseline. You know people are young, not dumb.

      --
      C. Sagan : A demon haunted world:
      http://www.amazon.com/gp/product/0345409469/
      visit randi.org
    28. Re:That's because... by Green+Mountain+Bot · · Score: 1

      they haven't lived in a (real) socialist country.

      By that standard, they're not advocating (real) socialism.

    29. Re:That's because... by JoeDuncan · · Score: 1

      BS. without an unlimited number of sellers, monopolies and oligarchies will happen. Few buyers would create an equally unbalanced system.

      That is not how this works. Unlimited sellers is only a requirement if your system is corrupt and requires endless growth to avoid going out of business, but then, that WOULDN'T be "capitalism". Also, there's a big difference between "infinite" and "few"

      Your position that the free market requires infinities to work is patently silly (probably why you are AC!). All the free market requires to work is protection from manipulation of it's essentials.

    30. Re:That's because... by Anonymous Coward · · Score: 1

      I can say for certain that regardless of what they are actually envisioning, a significant chunk are pushing for marxist socialism. They usually come off as idiots because they don't know what they are talking about, but given the body count of marxist movements, "but but but.. I MEANT like Sweden and you knew it!!!!" isn't going to cut it.

      The usual talking points

      "End stage capitalism!!!" When pushed, apparently the evils of end stage capitalism have been going on for longer than most marxist regimes existed and the notion that flawed but works better and murders less people might actually win compared to what they are pushing is beyond them, and at best recognized by...

      "True Marxism has never been implemented" Neither has true capitalism, but what we got at least seems to survive human nature to some degree without racking up body counts into the millions at the get go and tapering off to a poverty level and median lifestyle that makes capitalism's poor look pretty well off by comparison.

      They never seem to grasp the concept of if you are unhappy, how about you propose something actually newish.

    31. Re:That's because... by Train0987 · · Score: 3, Insightful

      The Great Famine that occurred when China prohibited farm ownership (big feature of Communism), replacing (killing) all of the skilled farmers and replacing them with "The People" who had no clue how to grow food and no one left alive to teach them. All part of that Great Leap Forward!

    32. Re:That's because... by Train0987 · · Score: 1

      Norway and Sweden both have histories of successful capitalist economies that paid for their new socialism experiment.

    33. Re:That's because... by Anonymous Coward · · Score: 0

      bullshit alert

    34. Re:That's because... by Mal-2 · · Score: 1

      Please, read The Three-Body Problem and tell me the Cultural Revolution (which was a Communist movement) didn't kill people. Even the Chinese government can't deny that history, or the book would not have been allowed to be published.

      --
      How is the Riemann zeta function like Trump rallies? Both have an endless number of trivial zeros.
    35. Re:That's because... by Anonymous Coward · · Score: 0

      how many people in the US are homeless? how many are dying early due to preventable medical issues? how many kids are on school lunch assistance?

    36. Re:That's because... by Anonymous Coward · · Score: 0

      Well and don't forget ripping off the US in their lopsided trade deals and currency manipulation. No love for the Chinese. Those guys suck.

    37. Re:That's because... by Anonymous Coward · · Score: 0

      Strict socialism fails - there is no point in working (or working extra) if there is no reward. Capitalism provides a simple reward system (wages) that everybody understand. The successful countries in Europe are not socialist, and it is therefore possible to get rich through work. These countries tend to have more tax-funded social programs than the US, which to some extent prevents people from getting so poor that they turn to crime for survival.

      Look up the countries with the best standard of living, then check how they are run. You'll find some mix of capitalist and socialist principles - neither ideology taken to an extreme. Note that the European countries are very different politically - you can find some bad examples but they don't apply everywhere.

    38. Re:That's because... by farble1670 · · Score: 1

      Norway and Sweden

      Norway and Sweden have decent social services paid for by capitalist economies. They are farther toward capitalism than socialism.

      "I know that some people in the US associate the Nordic model with some sort of socialism. Therefore I would like to make one thing clear. Denmark is far from a socialist planned economy. Denmark is a market economy,” Rasmussen said.

      “The Nordic model is an expanded welfare state which provides a high level of security for its citizens, but it is also a successful market economy with much freedom to pursue your dreams and live your life as you wish,” he added.

      https://www.thelocal.dk/201511...

    39. Re:That's because... by Anonymous Coward · · Score: 0

      The Great Famine wasn't due to prohibition of farm ownership. That's just nonsense and doesn't make any sense. When 99% of your society are peasants, how can you say they would have no clue how to grow food.

      The famine occurred for other reasons which include other reasons which include huge increase in population in the 50s, agricultural methods that were much too old to support an increase in population, not enough capital to purchase fertilizers and machinery for more mechanized methods, non-existent markets that could pinpoint where acute shortages could be found easily by just looking at market prices, as well as accelerated industrialization which decreased the amount of labor in agriculture to put into industry.

      How are communes any different than huge corporate owned farms?

    40. Re:That's because... by Anonymous Coward · · Score: 0

      Read what Suharto did in Indonesia. There were mass killings on both sides of the ideological divide! Look at the white terror that occurred in Taiwan, etc. That period was just one big shit pile because of the proxy war that was occurring between the US and USSR.

    41. Re:That's because... by Anonymous Coward · · Score: 0

      > Most younger people want less authoritarianism

      not this time. there's an authoritarian wave sweeping campuses across america. just look at how popular the california "x% of your corporate board members must be women" is on twitter. and those are the mild ones, there are subreddits entirely devoted to the violent overthrow of the usa and establishing a communist-in-name-only fascist dictatorship.

    42. Re:That's because... by Anonymous Coward · · Score: 0

      Supercapitalist China: environmental collapse.

    43. Re:That's because... by Anonymous Coward · · Score: 0

      China is not and never has been a (real) socialist country, Scandinavia is, Norway and Sweden especially

    44. Re:That's because... by Anonymous Coward · · Score: 0

      The Great Leap Forward had different goals than what you think.

      The most important goal of the Communist revolution in China was to unite China. It was successful - the country, which for 5000 years was at best a loose confederation of friendly, but largely independent "provinces" and at worst, a mix constantly warring separate states - became a single, national state, something that no emperor, no Father of the Nation and no Chiang Kai-Check managed to pull off.

      China rose so fast after 1970 precisely because it didn't have to deal with internal conflicts.

      The Leap Forward is the Chinese equivalent of the Civil War in the US, and not the establishment of "Communism".

    45. Re:That's because... by terrycarlino · · Score: 1

      Ikea is my hero. They funnel their profits through a non-profit so they don't have to pay taxes on it. Crony capitalism at its finest.

    46. Re:That's because... by Anonymous Coward · · Score: 0

      You're about 30 years late to that particular party. In 1987 China's leadership conceded that it had made a mistake in trying to jump straight from feudalism to communism, citing Marx's words that communism had developed from capitalism. They interpreted that to mean that they needed to go through a phase of capitalism to reach the communist utopia you speak of. The Chinese leadership shifted to a planned commodity economy with public ownership -- essentially a free market with largely state-owned resources. It now describes itself as being in an "undeveloped" stage of socialism while it develops the means of production needed to move to the next phase (though it expects the first phase to take at least 100 years, they think longer-term than the West does).

      While it looks like they have adopted capitalism on its face, I would argue that it has been to a pretty limited extent. Capitalism implies private ownership of resources, and while some of that does exist in China, the most powerful companies and banks are still state-owned, and cash moves around largely as the government wishes it to. Companies cannot own land in China, only the right to use the land (and usually for a limited period of time). Basically, the government uses the free market as a tool to develop the means of production, consistent with its stated goal of passing through a capitalistic stage to move to a more socialist one later. Of course, you have individuals with their own agendas and a fair degree of corruption both inside and outside of the Chinese government who mess with some of what the leadership wants, but perhaps that's why it will take another century to get where they want to be....

      Read up on "Socialism with Chinese Characteristics" if you're interested in more detail.

    47. Re:That's because... by Anonymous Coward · · Score: 0

      You need to look at lists of indexes of economic freedom before you spout off. Socialism works better in countries that are more uniform, smaller and better educated. The US does not measure up on any of those things compared to better organized countries like, say, Iceland. So, our socialism will fail to measure up as well, somewhere between Venezuela and the UK or Italy perhaps. Even in Europe you have varying degrees of success (no one ever mentions this when they bring up Denmark). Greece ain't Denmark, either, and Spain, Italy and Ireland struggle to maintain their standards of living. They don't blame socialism or their own lack of discipline. They blame Germany. Here we blame Amazon and Walmart, or China if you are Republican.

    48. Re:That's because... by Anonymous Coward · · Score: 0

      We cannot talk. Percentage-wise, America's Civil War was one of the bloodiest ever.

      Don't believe for a second that that was a war to free slaves. It was a war amongst two opposing groups of wealthy. Slavery was the excuse and its removal was a further means of punishing the wealthy of the South for their atrocities. The central atrocity was that the wealthy of the South were constructing factories to process their own raw materials.

    49. Re:That's because... by Anonymous Coward · · Score: 0

      Norway and Sweden are not socialist countries. The larger political parties dumped socialism in the 70's. In Norway now there is really only 5% party left actively talking about actual socialist policies (And they are trying to tone it down). Even the so-called socailist-left (~10-13% now) party, maintained the current capitalist system when they were last in a governing coalition.

    50. Re:That's because... by Anonymous Coward · · Score: 0

      To correct authoritarianism and restore balance where it has been used to create imbalance, you have to initially employ its techniques against it.

      What you're seeing is the tide turning as people are tired of the imbalance. And, it has swung so far that the coming tide will likely be a nasty one.

    51. Re:That's because... by Anonymous Coward · · Score: 0

      Great! Let's do it. Break up into smaller more uniform pieces. There really is no great need for the union anymore. Many of our states have economies big enough to support their own very-capable militaries and we could also have a NATO-like organization amongst ourselves. It's a different world than the one in which we formed.

    52. Re:That's because... by Anonymous Coward · · Score: 0

      https://www.quora.com/Is-Norway-socialist-or-capitalist

      Sure all of those other socialist and communist contries failed, but when we do socialism we'll do it right. Believe me they did it right and we see the results of doing it right. wise up.

    53. Re:That's because... by Anonymous Coward · · Score: 0

      In fact there is a good reason that socialist countries tend toward authoritarianism. In general the power of the government increases as a countries socialist tendencies increase. This attracts members of society with a lust for power and sets up competition for that power in which the individual(s) least constrained by ethics wins. Having secured that power, these individuals seek to increase it. In contrast, a capitalist society has multiple paths to power and these are set against each other. When no pole is dominant, freedom for the rest is possible. This situation can be improved by strong cultural controls (which is why Northern European countries can work), but in general any system that gives people power over others will lead to authoritarianism absent countervailing power centers.

    54. Re:That's because... by angel'o'sphere · · Score: 1

      People kill people.
      That was the point.

      There is no poisoness *ISM that kills people.

      Revolutions kill people ... so we probably should all hope that there is no revolution replacing communism in China?

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    55. Re:That's because... by angel'o'sphere · · Score: 1

      That was in Cambodia, not in China.
      True is that Mao put people into charge, who had no clue. And they did not dare to report truthfully, so he was out of the loop what is going on.
      See: it was Maos fault He was the dictator. Has nothing to do if he was a communist or a simple fashist ... same result. And most definitely it has nothing to do with "free markets" or not free.

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  10. As the saying goes... by Eclectic+Engineer · · Score: 4, Insightful

    If you're not a liberal at 20... https://quoteinvestigator.com/...

    1. Re: As the saying goes... by KixWooder · · Score: 3, Insightful

      I was a die-hard conservative at 20. At 38, Iâ(TM)m pretty liberal.

      I make plenty and own my home mortgage-free, but too much of the country is getting the short end of the stick.

      --
      I hate fat people.
    2. Re:As the saying goes... by known_coward_69 · · Score: 4, Interesting

      liberalism is not about socialism. here in the USA there is lots of socialism for the government hating conservatives. Free money for farmers, unending highway construction and expansion when public transit is cheaper, socialism for rural airports with no real flights, government bailouts when property rights idiots build in flood zones in houston and then run to the government to rebuild their homes, socialism for police and prison unions and corporations via sending people to jail for minor crimes, etc.

      Its not the liberals protesting legalization of marijuana. It's the conservatives and police who will see a reduction in their jobs

    3. Re: As the saying goes... by HornWumpus · · Score: 1

      You have no heart AND no brain? Something to be proud of.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    4. Re: As the saying goes... by Oswald+McWeany · · Score: 4, Interesting

      I was a die-hard conservative at 20. At 38, Iâ(TM)m pretty liberal.
      I make plenty and own my home mortgage-free, but too much of the country is getting the short end of the stick.

      I followed the same path- only less extreme. I've gone from right of centre to left of centre (stayed pretty centrist over all- even now).

      I probably didn't have much of a heart at 20. I was pretty cold and rational. Getting older, being married, experiencing life, having children, I realised there is more to life than money and society matters. I gained empathy with age whereas many people get jaded and lose empathy.

      --
      "That's the way to do it" - Punch
    5. Re:As the saying goes... by wyHunter · · Score: 1

      Actually, 'liberalism' in its classic term has almost nothing to do with today's liberalism. It means "free minds and free markets." Well, I don't see today's liberals or most conservatives wanting either.

    6. Re: As the saying goes... by Anonymous Coward · · Score: 0

      Oh, look Wumpus the deluded right wing nutjob is dribbling his bullshit over the thread.
      Pea brained microdick cunts like you will get their comeuppance.

  11. sooo they are by Anonymous Coward · · Score: 0

    COMMMMMIES.........!!!!!!!
    Filter error: Your comment looks too much like ascii art.

    ROFL

  12. Schools by Train0987 · · Score: 0, Troll

    This is what happens when post-modernists take over the school systems and Western Values are treated as bad instead of good.

    1. Re:Schools by e_pluribus_funk · · Score: 1

      Yep.

      Abraham Lincoln: “America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.”

    2. Re:Schools by Nidi62 · · Score: 5, Insightful

      This is what happens when post-modernists take over the school systems and Western Values are treated as bad instead of good.

      Or young people see the generation before them loaded with debt and unable to afford to purchase a house, see a political ruling class that does not care about them, and see companies making record profits and all the money going to an increasingly smaller percentage of the population and are realizing "yep, the system's broken".

      --
      The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
    3. Re:Schools by Anonymous Coward · · Score: 0

      "I'll just use my old canard to pretend there's no problems with modern capitalism as younger generations might directly experience it, because I'm a Republican talking point personified." Yeah capitalism never had issues.

    4. Re:Schools by Anonymous Coward · · Score: 0

      FYI, bashing postmodernism is a an alt-right/protofacist dogwhistle.

    5. Re:Schools by El+Cubano · · Score: 2

      Or young people see the generation before them loaded with debt and unable to afford to purchase a house, see a political ruling class that does not care about them, and see companies making record profits and all the money going to an increasingly smaller percentage of the population and are realizing "yep, the system's broken".

      And everything you describe is a symptom of consumerism, not capitalism.

      Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.

      Capitalism is an economic system based on private ownership of the means of production and their operation for profit.

      Granted, in a capitalist system, the private owners of the means of production would like to promote consumerism, as it helps ensure their increasing profits. However, the root problem is that too many people feel like they have to own the latest iPhone and iPad or Samsung Galaxy phone and Galaxy tab (as soon as it comes out each year) as well as drive a new Mercedes or BMW, go on an overseas vacation every year, and go out to eat with friends every night when they are in their 20s and early 30s. When young adults spend 110% of their earnings and don't start saving for retirement until around age 40, of course we are going to end up with the state of things we see now.

      That is not to say that there aren't people with real legitimate financial hardships. However, for every one person I see with real hardship resulting from a debilitating medical condition, or family situation that inhibits earning potential, I see at least half a dozen or more who are in a financial quagmire resulting form their own lifestyle choices.

      Fix that nonsense by properly educating people about sound personal financial management principles, and most of the other things you describe will fix themselves as a result.

    6. Re:Schools by Anonymous Coward · · Score: 0

      What are you even talking about? US schools remain full of uncritical effusive praise for "Western Values" and literally make students pledge allegiance to their country with their hand on their heart every morning. To this day about the only thing history classes say about the latter half of the 20th century is "communism is bad and America won the Cold War".

    7. Re:Schools by Nidi62 · · Score: 1

      And everything you describe is a symptom of consumerism, not capitalism.

      Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.

      Capitalism is an economic system based on private ownership of the means of production and their operation for profit.

      And there is no mechanism to prevent the owners of production from gaining ever more profit and accumulating the benefits of that profit, nor to keep them from desiring to do so. Unchecked capitalism is as bad for the economy as unabashed communism. Eventually a significant portion of those profits have to filter back down to everyone else, yet instead more and more of it is being hoarded by companies and individuals. Without a natural mechanism to distribute those profits, government must and has an obligation to step in.

      --
      The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
    8. Re:Schools by barc0001 · · Score: 1

      Which Western Values are you talking about? The ones that say if you don't have any money you'll be left to die of cancer by the for profit healthcare system? Or the at-will employment at 31.5 hours per week so SuperMegaCorp with 10 billion dollars in profit per quarter doesn't have to give benefits (or a living wage)? Or living in a city where wages are lowballed and housing costs more than half your paycheck? And at the same time shouldering an enormous student loan debt that will take decades to square up?

      You mean those values? Yeah, can't see any reason at all that young people would turn away from that when they're exposed to it... especially when they see "socialist" places like France and Sweden, or even Canada and talk to people from there and hear how life is over there.

    9. Re: Schools by Anonymous Coward · · Score: 0

      Or perhaps they've lived with "Western Values" and realize, hey, this is a pretty shoddy way of living.

    10. Re:Schools by Gravis+Zero · · Score: 1

      This is what happens when post-modernists take over the school systems and Western Values are treated as bad instead of good.

      Your assessment is a failure to think critically because few people form their ideological perspective based on texts. Instead it's formed based on what they are exposed to on a regular basis. Consider the fact that corporations have corrupted just about every facet of government using legalized bribes AKA campaign donations. How do young people know about this without closely following the news? Simple, the US government cannot get basic protections in place for guns, refuses to even acknowledge climate change, medical costs are staggering and college students take on crushing debt in hopes of getting a job.

      You can claim that none of this is a problem with capitalism but when they see other socially-centric nations having resolved all these issues then they are likely to think it's capitalism driving these things. Here's the thing, they are right. You can claim it's "crony capitalism" that is the problem but it's just splitting hairs to most people.

      --
      Anons need not reply. Questions end with a question mark.
    11. Re:Schools by nedlohs · · Score: 1

      Or maybe it's what happens when you call let financialization run unchecked for a few decades and tell them that the finance capitalism that results is actually just plain old capitalism. Surprise, surprise they might end up having a negative opinion of capitalism.

      And if you also tell them that that is clearly mixed economy is called socialism, then it's unsurprising that they might end up having a positive opinion of socialism.

      When society lies about what things are people end up believing the false labels.

    12. Re:Schools by sjames · · Score: 2

      It's also what happens when the only thing that trickles down is urine. If the big winners in capitalism don't want the game to end, they'd best make sure to spread the wealth a little better.

    13. Re:Schools by HornWumpus · · Score: 1

      So what? Postmodernism is still the stupidest most obviously wrong philosophy since the Dunces were a respected intellectual movement.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    14. Re:Schools by Oswald+McWeany · · Score: 1

      This is what happens when post-modernists take over the school systems and Western Values are treated as bad instead of good.

      Both capitalism and socialism are western schools of thought.

      --
      "That's the way to do it" - Punch
    15. Re:Schools by El+Cubano · · Score: 2

      And there is no mechanism to prevent the owners of production from gaining ever more profit and accumulating the benefits of that profit, nor to keep them from desiring to do so.

      That mechanism exists. It is called consumer choice. It can roughly be stated as, "don't by stuff you don't need."

      Unchecked capitalism is as bad for the economy as unabashed communism.

      This is flat out wrong.

      Eventually a significant portion of those profits have to filter back down to everyone else, yet instead more and more of it is being hoarded by companies and individuals.

      You clearly do not understand how the economy works. Yes, there are a small number of corporations and extraordinarily wealthy individuals/families at the top of the income/asset heap. However, the vast majority of the capital in the economy is the retirement savings of individuals and groups (i.e., individual retirement accounts and pension funds). In 2012, total estimated retirement plan assets in the US were $23.7 trillion. When the economy grows, the millions of current and future retirees invested in those plans benefit from the growth, as will the small number of corporations and individuals/families with very large assets. However, the fact remains that a large portion of those profits are already filtering down to regular people in the form of dividends and capital gains in retirement assets.

      Without a natural mechanism to distribute those profits, government must and has an obligation to step in.

      We have a natural mechanism to distribute those profits: entrepreneurial spirit. I have the privilege to know quite a few entrepreneurs. They are doing some great things. I made a run at it and decided it isn't for me yet. So, I can't on the one hand say "I am unwilling to take the risk of starting my own business" and then on the other say "how come I don't get the same profits as those who are willing take risks?" If the government steps it, it creates a disincentive to innovate.

      What I find intensely ironic is that things like Microsoft, Amazon, Google, Facebook, Twitter, and so on arose out of one person or a small group doing something daring. They should be rewarded for their ingenuity, acumen, and for the risk they took. If you want profit, go do something daring.

    16. Re:Schools by Nidi62 · · Score: 1

      You clearly do not understand how the economy works. Yes, there are a small number of corporations and extraordinarily wealthy individuals/families at the top of the income/asset heap. However, the vast majority of the capital in the economy is the retirement savings of individuals and groups (i.e., individual retirement accounts and pension funds). In 2012, total estimated retirement plan assets in the US were $23.7 trillion. When the economy grows, the millions of current and future retirees invested in those plans benefit from the growth, as will the small number of corporations and individuals/families with very large assets. However, the fact remains that a large portion of those profits are already filtering down to regular people in the form of dividends and capital gains in retirement assets.

      And when the economy inevitable crashes again because companies are hugely overvalued (especially all the advertising, er, um, "tech" companies) , those retirement savings will be wiped out and the government won't have the money to make up for it.

      We have a natural mechanism to distribute those profits: entrepreneurial spirit. I have the privilege to know quite a few entrepreneurs. They are doing some great things. I made a run at it and decided it isn't for me yet. So, I can't on the one hand say "I am unwilling to take the risk of starting my own business" and then on the other say "how come I don't get the same profits as those who are willing take risks?" If the government steps it, it creates a disincentive to innovate.

      What I find intensely ironic is that things like Microsoft, Amazon, Google, Facebook, Twitter, and so on arose out of one person or a small group doing something daring. They should be rewarded for their ingenuity, acumen, and for the risk they took. If you want profit, go do something daring.

      I'm a reasonably intelligent person, with quite a few skills. Some of the skills I do not have, however, are ones that lend themselves to starting a business or inventing something. There are millions, if not billions of people in the world just like me. All those people who have no hope of starting their own business and becoming the next Musk, Brin, Jobs, or Gates due to either a complete lack of economic opportunity or straight up inherent capability. I guess we're just fucked, then? Have to work until we drop dead, poor the whole time? And in any case, starting your own business doesn't make the slice of the pie any bigger-it stays they same, the only thing that changes is how a big a bite you get to take. The problem with having the only chance to succeed come through becoming one of the 1% is what happens to the other 99%.

      --
      The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
    17. Re:Schools by angel'o'sphere · · Score: 1

      The US can not even agree with the rest of the world what 'capitalism' actually means.
      'Socialist' Sweden, France, Canada etc. are no less capitalistic than the US are ...

      If people can not even distinguish between 'political' system, 'economy' system, 'social' system, 'market' system and other concepts, but lumb a random selection of them under missleading umbrella terms, how can you even have a open discussion about stuff?

      Hint: what distinguishes america from china the most? They have one more party ...

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    18. Re:Schools by barc0001 · · Score: 1

      > The US can not even agree with the rest of the world what 'capitalism' actually means.

      Well, when the US Right's primary source of propag H^H^H^H^H^H news - Fox - has hosts on it do crap like equating Denmark to Venezuela, I'm not surprised that they have difficulty with concepts like nuance:

      http://fortune.com/2018/08/14/fox-host-denmark-venezuela-socialism/

      I'd suggest they read more, but many of that group are proud to tell you how they have no use for reading...

    19. Re:Schools by Anonymous Coward · · Score: 0

      It looks like some moderator misread "Insightful" as "Imbecilic".

    20. Re:Schools by DontBeAMoran · · Score: 1

      Hint: what distinguishes america from china the most?

      English?

      --
      #DeleteFacebook
    21. Re:Schools by El+Cubano · · Score: 2

      And when the economy inevitable crashes again because companies are hugely overvalued (especially all the advertising, er, um, "tech" companies) , those retirement savings will be wiped out and the government won't have the money to make up for it.

      That is part of why investing carries risk. First, diversify. Nobody forces you to invest in stocks. Second, if you are concerned about the stock markets, then invest in commodities, real estate, or any of another of instruments that are not tied to the stock market. Again, it is a matter of personal choice.

      Have to work until we drop dead, poor the whole time?

      Not at all. Work, live beneath your means, save, and retire comfortably at a time of your choosing.

      And in any case, starting your own business doesn't make the slice of the pie any bigger-it stays they same, the only thing that changes is how a big a bite you get to take.

      I don't doubt that you are an intelligent and skilled individual, but your statement makes it yet more clear that you do not understand how the economy works. If the economy grows, through innovation, investment, etc., then the whole pie does get bigger and with that the opportunity for everybody's slice to get bigger as well.

      The problem with having the only chance to succeed come through becoming one of the 1% is what happens to the other 99%.

      You don't have to become part of the 1%. You just have to look for opportunity and be ready and willing to act. None of the entrepreneurs I know are in the 1%. Yet, they are doing great things, employing people (and paying them excellent wages, I might add), growing the local economy, and in general growing the size of the pie.

    22. Re:Schools by Anonymous Coward · · Score: 0

      Still better than a school system controlled by conservatards, where creationism would be tought in science class.

    23. Re:Schools by Train0987 · · Score: 1

      You're supposed to learn from the mistakes of others so you don't make them yourself instead of expecting daddy gov't to protect you from yourself. Freedom means being allowed to make mistakes.

    24. Re:Schools by Nidi62 · · Score: 1

      And when the economy inevitable crashes again because companies are hugely overvalued (especially all the advertising, er, um, "tech" companies) , those retirement savings will be wiped out and the government won't have the money to make up for it.

      That is part of why investing carries risk. First, diversify. Nobody forces you to invest in stocks. Second, if you are concerned about the stock markets, then invest in commodities, real estate, or any of another of instruments that are not tied to the stock market. Again, it is a matter of personal choice.

      Those require you to already have capital to invest and diversify. When I am considered "lucky" for my generation for actually owning a house and having reasonable student loan debt, investing any more than I already do is not an option. And as history has repeatedly shown, when one market crashes it brings down all of them.

      Have to work until we drop dead, poor the whole time?

      Not at all. Work, live beneath your means, save, and retire comfortably at a time of your choosing.

      I work and live beneath my means, but you are actually assuming the economy keeps growing enough to allow for a retirement in 40 years. I am arguing the opposite. Assuming my 401k doesn't get wiped out twice in the next 40 years (or is actually able to rebound) wages have stagnated in regards to inflation so it probably won't be enough and Social Security will already be in the red in less than a decade so I can't rely on that either.

      --
      The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
    25. Re:Schools by jsepeta · · Score: 1

      What exactly are "western values"? Slavery? Empire-building? Greed & selfishness?

      --
      Remember kids, if you're not paying for the service, YOU ARE THE PRODUCT THAT IS BEING SOLD.
    26. Re:Schools by tbannist · · Score: 1

      That mechanism exists. It is called consumer choice. It can roughly be stated as, "don't by stuff you don't need."

      So what you're saying is all we need is for everyone to exhibit perfect behaviour at all times? I mean, if only people stopped acting like people and did what our model of what people should do says they should do, then everything would work, right? Frankly, I'm not sure a system the depends on people not acting like people is actually a good system.

      In 2012, total estimated retirement plan assets in the US were $23.7 trillion.

      In 2012, the top 1% of American controlled 43% of total wealth of American and the top 5% of Americans controlled ~72% of that wealth. If current trends hold, then by 2030, the top 1% will control ~64% of the total wealth of America, and top 5% will control ~95% of the total wealth of America.

      --
      Fanatically anti-fanatical
    27. Re:Schools by terrycarlino · · Score: 1

      People form their ideological perspective based on the information to which they are exposed. If they are exposed primarily to socialist teachers teaching from textbooks that promote socialism, get much of their information from media dominated by socialist then they will form their ideology based on what they have been exposed to.

      The fact that a few countries which are primarily monocultural, with populations smaller than some U.S. states, and which have no defense costs because the U.S. protects them, have made some kind of high tax cost social safety nets kind of work is not reflective of the viability of socialism. It just means they haven't run out of other people's money yet.

      Let's take a look at Sweden's healthcare system. It has one of the longest waiting times. They're having problems with certain kinds of cancer treatments. Having low patient healthcare costs is no help if you can't get treatment, or the treatment you need is unavailable to you.

      U.S. citizens have experience with government run healthcare. It's the VA and anyone who has had to go to the VA for care knows how bad that system is.

    28. Re:Schools by Anonymous Coward · · Score: 0

      Spotted the Jordan Peterson acolyte. He is a charlatan. Quit worshiping him and gain some perspective.

    29. Re:Schools by Anonymous Coward · · Score: 0

      And in any case, starting your own business doesn't make the slice of the pie any bigger-it stays they same, the only thing that changes is how a big a bite you get to take. The problem with having the only chance to succeed come through becoming one of the 1% is what happens to the other 99%.

      The truth is exactly opposite of this, this thinking that it's a zero-sum game. A viable business creates value - it's literally making the pie bigger.

    30. Re:Schools by mark-t · · Score: 1

      Canada's not considered western?

      Or were you unaware that Canada is largely socialist?

    31. Re:Schools by Anonymous Coward · · Score: 0

      In particular, the young generation realizes that WORK alone isn't going to get tehm a good life, and working conditions are bad and set to get worse.

    32. Re:Schools by Newander · · Score: 1

      Whatever, Jordan Peterson.

      --

      Jesus saves and takes half damage.

    33. Re:Schools by angel'o'sphere · · Score: 1

      The only negative thing you can say about Denmark is: the beer is slightly more expensive than in Germany ;D
      And only 99% of the population speak english ... alas, what a hardship.

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  13. In other words... by Anonymous Coward · · Score: 1, Insightful

    In other words, 65% of Americans are so dumb, they actually think we have capitalism...

  14. You know how stupid the average person is? by Bodhammer · · Score: 5, Funny

    Just remember, half the people are stupider than that...

    --
    "I say we take off, nuke the site from orbit. It's the only way to be sure."
    1. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      The title should really read: "fewer than half of young Americans can define capitalism"...

    2. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      wrong again dipshit: https://www.bizpacreview.com/2...

    3. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      Oh look, its two retards fighting over which one is more retarded. Don't forget to wear your crash helmets, retards!

    4. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      The average person isn't that stupid in my experience. But I don't live in America so our experience may vary.

    5. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      You mean the median person. And there isn't any evidence that people thinking like that are no equally distributed in every part of the 'stupidity' spectrum.

    6. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      Your mom likes my helmet!

    7. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      The average person isn't that stupid in my experience. But I don't live in America so our experience may vary.

      Thanks for proving my point.

    8. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      You're a mean person.

    9. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      Usually we decide someone is stupid by comparing them to ourselves, food for thought.

    10. Re:You know how stupid the average person is? by Anonymous Coward · · Score: 0

      You mean the median person. And there isn't any evidence that people thinking like that are no equally distributed in every part of the 'stupidity' spectrum.

      ^^^ First response that actually understands math.

  15. The result of asking yourself a single question by Anonymous Coward · · Score: 0

    What's in it for me? If you work for a wage, you're losing in the capitalist system. You're part of a permanent underclass, destined to suffer at the whims of your betters.

  16. Hearts and brains. by Ungrounded+Lightning · · Score: 3, Informative

    Darn. You beat me by two minutes. B-b

    For those not familiar with it, and who don't want to follow the link and read a page, the current version of the old saw is:

    If You Are Not a Liberal at 25, You Have No Heart. If You Are Not a Conservative at 35 You Have No Brain

    (The article linked by the parent poster tracks variants back as far as 1875 in France.)

    --
    Bantam Dominique roosters crow a four-note song. Once you've heard it as "Happy BIRTHday" you can't NOT hear it that way
    1. Re:Hearts and brains. by bluefoxlucid · · Score: 1, Interesting

      The problem is the conservatives are operating on bad science and bad economics, creating huge risks for themselves and others, reducing the profit prospects for the rich, and so forth. The current crop of liberal progressives needs to take some time to think and architect things; they've got the right ideals, but no concept on how to approach them.

    2. Re:Hearts and brains. by Anonymous Coward · · Score: 1

      Really?

      See, I was a libertarian when I was young. And as I got older and had life kick me in the balls several times, I gained some empathy.

      Capitalism is just an economic system and a pretty brutal one at that. But in the USA it's the number one religion. People have this blind faith in it even while its killing them.

      All of you here on Slashdot came from privileged backgrounds. You had opportunities that were handed to you that you're not even aware of. I know, everyone thinks that got where they are by 100% of their own efforts but if you were truly honest with yourselves, you'd realize how lucky you are.

    3. Re:Hearts and brains. by jythie · · Score: 1

      Which can really be summed up as 'doing what the other people in your age group value is all that matters'. People do not really become more or less liberal or conservative, what is liberal or conservative changes as generations rise to power and become the new norm.

    4. Re:Hearts and brains. by polar+red · · Score: 2

      >Capitalism is just an economic system and a pretty brutal one at that. But in the USA it's the number one religion. People have this blind faith in it even while its killing them.

      That's funny ! their number 2 religion is christianity. And Jesus told things diametrically opposed to capitalism.

      --
      Yes, I'm left. You have a problem with that?
    5. Re:Hearts and brains. by HornWumpus · · Score: 1

      NONSENSE.

      Hippies were commies in the 1960s. Antifa are commies now. In both cases the numbers are/were smaller than the attention they get implies.

      They get over it about the time their bodies can't continue to take the regular doses of very hard drugs. The world is a harsh teacher, even morons learn.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    6. Re:Hearts and brains. by angel'o'sphere · · Score: 1

      Jesus had nothing against capitalism.
      He proposed however to share, especially if you are rich.

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    7. Re:Hearts and brains. by Green+Mountain+Bot · · Score: 3, Insightful

      The problem is the conservatives are operating on bad science and bad economics ...

      Or, at the very least, in bad faith.

    8. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      The problem is the conservatives are operating on bad science and bad economics, creating huge risks for themselves and others, reducing the profit prospects for the rich, and so forth.

      I am sure you can find some conservatives who are "bad on science". The vast majority of us are not.

      I will grant you that there are a significant number of "conservatives" who subscribe to economic ideas that do not stand up to empirical measurement. However, this is true of liberals as well :)

      Science is a tool to figure out how the natural world works. Economics is a tool to understand how decisions about scarce resources will impact people. For most people, politics is (sadly) the art of choosing the outcome you like, and cherry-picking from scientific observation and economic ideas to justify the conclusions you like.

      I started life as a liberal. Over time, I discovered that the few people who work from science and economics to decide on good policy wind up with policies that americans would call "moderate conservative". It is hard to admit you are wrong, but it is the honest thing to do.

          The current crop of liberal progressives needs to take some time to think and architect things; they've got the right ideals, but no concept on how to approach them.

      When they do that, they will become conservatives ;)

    9. Re:Hearts and brains. by Green+Mountain+Bot · · Score: 1

      Which is exactly why we have so many non-denominational churches preaching the Prosperity Gospel. You know how you can get a bible that uses red print for anytime Jesus says anything, to highlight his actual teachings? They took the same concept, but instead of red, set the text to match the background. Makes it much easier to avoid cognitive dissonance.

    10. Re:Hearts and brains. by bluefoxlucid · · Score: 4, Interesting

      I'm leaning toward simply being wrong and away from being outright-evil, aside from a few specific cases of pathological psychopaths who probably also believe themselves to be the great visionaries who are doing what is necessary.

      Economics sounds like bullshit when it's correct. Microeconomics shows you can escape poverty by going out, working hard, and starting a business. Macroeconomics shows jobs come from consumer demand, and opening a business in a poverty area either won't work or will take jobs away from other people in that area and cause no net-gain of jobs. Macroeconomics also shows bringing jobs back to America by closing off trade results in huge losses of American jobs as you open a factory for 50,000 workers making a good at a higher price than the 150,000,000 American workers were paying, ultimately losing shipping and retail jobs, resulting in poorer Americans overall and 90,000 jobs lost, a net 40,000 loss in American jobs.

      When you work out the economics, you find that social welfare programs make the economy overall more-productive, stabilizing the consumer base and increasing revenue streams. Those higher taxes on the rich end up making the rich richer, and giving money to poor and unemployed people causes them to get jobs. If you don't work out the whole economic machine, it all looks obviously wrong.

      I assume that conservatives are in general just wrong about things, not pretending they believe in bullshit economics about tax cuts and eliminating welfare.

    11. Re:Hearts and brains. by omnichad · · Score: 2

      He also had nothing against communism or socialism. They are all aspects of a healthy worldview. They can all be distorted and twisted into whatever you want.

    12. Re:Hearts and brains. by chthon · · Score: 1

      I define conservatism as "shitting your pants full when someone proposes change".

    13. Re:Hearts and brains. by Areyoukiddingme · · Score: 4, Interesting

      All of you here on Slashdot came from privileged backgrounds.

      Really? My parents qualified for foodstamps when I was a child. I qualified for foodstamps twice as an adult. I got a college education, but I lived at home, worked a job, and paid 100% of my tuition myself (it was possible because I did it before the massive tuition inflation took hold). I didn't even get any grants. Just student loans, which took the full 10 years to pay off thanks to the DotBomb.

      I know, everyone thinks that got where they are by 100% of their own efforts but if you were truly honest with yourselves, you'd realize how lucky you are.

      Lucky? If I was lucky, I'd be a rockstar, live in hilltop houses, drivin' fifteen cars, and the girls would come easy and the drugs would come cheap.

      Instead I live in suburbia. I have the suburban lawn and the two car garage my parents had (most of the time).

      Having said all that, I'll respond to the GGP post. People are not liberal at 25. People are what their parents were when they're 25. You get your politics from your parents as assuredly as you get your religion from them. It takes time to shuck either one of them off and learn enough to know better. Me, I'm over 40 now, and like the sibling post, my house is paid off. And I'm fairly liberal too, especially because I know damn well social services are good and useful because I used them, for a while, and if the hard-scrabble all-consequences-are-yours-alone-to-deal-with "conservative" assholes had their way, I'd have starved to death at 27. It's a stupid fucking philosophy that would result in enormous amounts of preventable tragedy, for no benefit whatsoever, and humanity has never ever pursued it, in all of history, because humans have empathy, and these sociopathic little shits should stop wishing for people to get what they deserve—they just might get theirs.

    14. Re:Hearts and brains. by tbannist · · Score: 1

      Jesus had nothing against capitalism.

      I'm not sure the money lenders in the temple would agree with that statement...

      --
      Fanatically anti-fanatical
    15. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      How many of your family members were shot? Gang-raped? Taken as child soldiers, or sex slaves? How many of your siblings died of easily treatable diseases, or were maimed by simple injuries?
      You were on food stamps? Boo hoo - go complain to the millions that are actually starving to death in the world.

      You went to college? Spoiled brat, you went to a frickin' public school first! That automatically puts you a hell of a lot better off than at least 100 million children your age. There are more than 1 BILLION people that cannot read or write in any language.

      You whine about owning a house? Fucker, that alone puts you in the top 1-2% of the wealthiest people in the world. You are so spoiled, so privileged, you don't even know what hardship looks like.

    16. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      Geez, compare yourself to the children that are born in today's Libya or Syria, destroyed just a few years ago by the US and tell me how unprivileged and hard life you've had.

    17. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      Many (not all) conservatives I've talked to follow some of the policies because at a simple level it seems "fair"; why should the government give my tax money to the poor? I worked hard to earn it, if they want money they need to get a job and earn it just like I did! Can't afford health care? Can't afford retirement? You should have planned for that like I did! I've occasionally heard the god argument as well, you're poor because you didn't pray to god and this is punishment or some nonsense. So for a lot of people no argument on what's better for the economy/country will do by itself, you need to also deal with the idea of giving my hard earned money to other people who don't deserve it.

    18. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      You forgot to finish the quote:

      If you aren't a liberal at 25, you have no hear. If you aren't a conservative at 35, you have no brain. If you aren't a socialist by 40, you're just a useful idiot.

      Most of the socialists I know grew up conservative, became more liberal as they learned more about the world and acquired logical processing abilities, and then became socialist once political reality set upon them. The truest statement I've ever heard is that you have to be borderline retarded to remain conservative in the face of reality constantly proving you wrong.

    19. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      The age is bumping up as the age not-fully-functional-and-independent-adults ("children") rises.

    20. Re:Hearts and brains. by Areyoukiddingme · · Score: 1

      How many of your family members were shot? Gang-raped? Taken as child soldiers, or sex slaves? How many of your siblings died of easily treatable diseases, or were maimed by simple injuries?
      You were on food stamps? Boo hoo - go complain to the millions that are actually starving to death in the world.

      You went to college? Spoiled brat, you went to a frickin' public school first! That automatically puts you a hell of a lot better off than at least 100 million children your age. There are more than 1 BILLION people that cannot read or write in any language.

      You whine about owning a house? Fucker, that alone puts you in the top 1-2% of the wealthiest people in the world. You are so spoiled, so privileged, you don't even know what hardship looks like.

      I don't give a fuck. About one word you said. Not one tiny little fuck. All that happens somewhere else and is totally irrelevant to me, my family, my neighbors, my state, my nation, and... I'm betting you too.

      Take your white guilt and shove it up your ass.

    21. Re:Hearts and brains. by Areyoukiddingme · · Score: 1

      Geez, compare yourself to the children that are born in today's Libya or Syria, destroyed just a few years ago by the US and tell me how unprivileged and hard life you've had.

      There is no comparison. Nor was this article about them. Nor was my response about them. Nor are they relevant.

    22. Re:Hearts and brains. by h33t+l4x0r · · Score: 1

      "It is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God."

      The only group Jesus singles out as not getting into heaven? Rich people.

    23. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      ... if the hard-scrabble all-consequences-are-yours-alone-to-deal-with "conservative" assholes had their way ...

      Most conservatives I know greatly support social programs and will step up and give people a hand up that are down on their luck. Those conservatives just don't think it's appropriate that programs are run by the government or paid for through taxes. They also believe that those with genuine needs should be helped and those that are irresponsible or dishonest should be allowed to learn responsibility and accountability.

    24. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      Having said all that, I'll respond to the GGP post. People are not liberal at 25. People are what their parents were when they're 25. You get your politics from your parents as assuredly as you get your religion from them. It takes time to shuck either one of them off and learn enough to know better.

      Not necessarily. Personally, I came from a muslim family, and turned atheist at 16. That wasn't due to my friends either really, it was just that I started doubting my religion from I was about 12, and at 16 I did enough research on my own to decide to just get rid of it. At 17 I was politically active and basically a libertarian, while my family have always been more social democrats. At 25 I was still an atheist (although far less militant about it), but ended up as a far-left socialist instead. (I don't mean the SJW type; I'm all for equal rights and opportunities, but fuck being offended on other's behalf, and I'm against fixing discrimination with more discrimination. I'm on the far left economically, meaning that I want something slightly to the left of the current Scandinavian welfare systems, but want minimal interference from the government on social issues.)

    25. Re:Hearts and brains. by Darinbob · · Score: 1

      Also the trend towards short term profits. This is very different from old school economics where it was held that investing and saving for the long term was the best way to go. You would invest in companies that provided regular dividends, rather than speculating that the base value would grow quickly.

    26. Re:Hearts and brains. by Darinbob · · Score: 1

      Liberalism and conservatism don't mean what they used to mean. In America the financial politics are closely tied to social politics, no matter how illogical that may be. There's no reason that someone's views on abortion rights should have any bearing on their economic views, except that we're focused on two parties and must put every issue into one of two buckets only.

      Go back fifty years and debates about tax cuts or welfare were relatively minor issues in economics and the views on those subjects crossed across party lines.

    27. Re:Hearts and brains. by Darinbob · · Score: 1

      But don't forget there are many who quickly become the opposite of their parents, politically. From the conservative parents who bemoan that their children came home from college as commies, to the parents who raised their kids in a commune only to see them become stock brokers.

    28. Re:Hearts and brains. by angel'o'sphere · · Score: 1

      Easier ... not impossible.If he shares he can go, if he is greedy, not.

      (The eye of the needle is a narrow door way in Jerusalem. A full packed camel can not pass it. You have to unload a part of its cargo, pass it through, and reload on the other side)

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    29. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      Why are liberals so racist. It isn't enough you repress blacks, but you need to literally beat them down and keep at it so they know they have no chance. Its gotten pretty disgusting actually and many blacks are getting sick of it.

      Obama - Record poverty, record blacks on food stamps, nearly record unemployment for blacks.
      Trump - Record LOW unemployment for blacks, reduced EBT dependence.

      But that is just UNACCAPTABLE to liberals. You still have them killing each other by the hundreds in Chicago and aborting themselves crazy all over, but its just NOT ENOUGH for you liberals. You need them begging for more EBT or you are not happy.

      Its disgusting. The DNC LOST the civil war, slavery is not coming back. The DNC lost civil rights and Jim Crow laws, blacks have rights and can vote. Now that they are given an economic chance it is making you crazy. You are sick.

    30. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      I live in poverty and rely on social services to survive, so naturally I'm not very conservatively-aligned, either. I used to be quite a lefty, liberal kind of person. However, recently I've been made to feel quite unwelcome by today's young, modern liberals, being labeled as "racist" and "sexist" and -- the worst one of all -- "privileged", because of my gender, my skin colour and my complete lack of artificial hair colour. That pushed me to the center, where my mind resides today. I never realized how comfortable a fence could be to sit on, it feels like I can see better up here when the damn fence isn't in the way, blocking half my political views.

      Unfortunately, this comes with the side effect of having nobody worthwhile to vote for every single election, because everyone is so partisan nowadays. Can we PLEASE have a political party that isn't right or left, but merely objective and evidence-based in its policies and decisions, regardless of where the ideas originate? I've been wondering if I should study more politics and start such a party of my own if nobody else will.

    31. Re:Hearts and brains. by Anonymous Coward · · Score: 0

      And I'm fairly liberal too, especially because I know damn well social services are good and useful because I used them, for a while, and if the hard-scrabble all-consequences-are-yours-alone-to-deal-with "conservative" assholes had their way, I'd have starved to death at 27. It's a stupid fucking philosophy that would result in enormous amounts of preventable tragedy, for no benefit whatsoever, and humanity has never ever pursued it, in all of history, because humans have empathy, and these sociopathic little shits should stop wishing for people to get what they deserveâ"they just might get theirs.

      You know that conservatives aren't against charity, just coercive government-enforced charity (paid for by taxes) because government-run programs are inefficient and often corrupt. We'd just prefer for charities to be run locally for neighbors to help their communities, and have direct control over what's done with their money. Curiously, both in absolute numbers and as a percentage of wages, conservatives donate more money charity than liberals. so I doubt that you'd have starved to death at 27 under such a system. Focus your misguided hatred somewhere else.

    32. Re:Hearts and brains. by SCVonSteroids · · Score: 1

      Lucky? If I was lucky, I'd be a rockstar, live in hilltop houses, drivin' fifteen cars, and the girls would come easy and the drugs would come cheap.

      Did you...... just....... reference..... Nickleback?
      Shame on you and your descendants.

      --
      I tend to rant.
    33. Re:Hearts and brains. by Dixie_Flatline · · Score: 1

      Another huge problem with that quotation is that modern conservatives are nothing like the conservatives of bygone eras. I guess you could say I'm more conservative in some senses—I like stability and safety. But I feel like stability and safety come from 'liberal' ideas like social safety nets and equal rights and making sure the rich pay their goddamn taxes and don't get too powerful.

      I can even find some people who consider themselves 'conservative' that agree with me, but conservative politicians almost never do. Hmm...

    34. Re:Hearts and brains. by angel'o'sphere · · Score: 1

      Lending money is not really what defines capitalism.
      No one realy was against lending money, they where against interests, or absurd interests.
      Considering that lending for interests can not work in an gold/precious metal based monetary system ...

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  17. small "c" capitalism by cats-paw · · Score: 5, Insightful

    The system we have now is really corporatism. Very large, essentially immortal, companies that are able to achieve regulatory capture and get laws written for themselves.

    Look at the way that the coal companies were able to get an exemption to clean water laws to blow the tops off of mountains and destroy streams and creeks. All so they could reduce labor costs. That's one hell of an externality they got out of.

    small "c" capitalism is something a free society has to have, i.e. the ability to buy and sell goods in a relatively unfettered market. No you don't get to sell nuclear weapons, so there has to be some manner of regulation.

    corporatism is all about shifting costs to the public and creating a bullshit concept that companies are somehow outside of morality and ethics. They want to be outside of morality and ethics but that doesn't mean we have to let them.

    --
    Absolute statements are never true
    1. Re:small "c" capitalism by Skuld-Chan · · Score: 5, Insightful

      The other thing that is really bad about our system is we largely privatize all the profits and socialize all the risk (think bailouts, or welfare money to prop up farmers over trade wars, or corporate welfare in general).

    2. Re:small "c" capitalism by drinkypoo · · Score: 3, Interesting

      Capitalism means that capital controls the means of production. Corporatism means that corporations control the capital. Corporatism is therefore simply a form of capitalism.

      If you want to solve the problem of corporatism without throwing away the very real benefits of capitalism, you have to regulate corporations. They are not even strictly necessary things; everything they do could be done by co-ops, and co-ops of co-ops. And that would actually mean that the workers had a share and a say.

      Capitalism is itself amoral. Humans, on the other hand, are frequently immoral. And since corporations are controlled by humans... well, you know.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    3. Re:small "c" capitalism by Anonymous Coward · · Score: 0

      Capitalism means that capital controls the means of production. Corporatism means that corporations control the capital. Corporatism is therefore simply a form of capitalism.

      Not just that - it is the natural result of unfettered capitalism.

    4. Re:small "c" capitalism by Train0987 · · Score: 1

      "Capitalism is itself amoral. Humans, on the other hand, are frequently immoral. And since corporations are controlled by humans... well, you know."

      What do you think gets to control EVERYTHING under communism or socialism? Yep, those same humans. Except under those systems they have ALL the power over your entire life, even choosing what job you'll have and what you get to eat (if you're lucky enough to eat). At least with capitalism you have an opportunity to prosper if you choose to and make the right decisions.

    5. Re:small "c" capitalism by jsepeta · · Score: 2

      When corporations were given all the benefits of citizenship, yet none of the responsibilities, that was a sign that our Supreme Court has been corrupted.

      --
      Remember kids, if you're not paying for the service, YOU ARE THE PRODUCT THAT IS BEING SOLD.
    6. Re:small "c" capitalism by drinkypoo · · Score: 1

      At least with capitalism you have an opportunity to prosper if you choose to and make the right decisions.

      Well, no. You also have to have the right opportunities. Studies have shown that the most relevant factor in that regard is the social status of your parents. This whole "you can be anything" idea is total nonsense.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    7. Re:small "c" capitalism by Train0987 · · Score: 1

      How is socialism/communism any better in that regard? You think central planners are immune from well-connected parents? Quite the opposite - it's worse. At least in America you have opportunity, as evidenced by the millions of immigrants willing to do anything to get here every year and almost always end up very successful after only a few year's hard work. How are they able to do that while you are not considering the advantages you have over them?

    8. Re:small "c" capitalism by Anonymous Coward · · Score: 0

      Companies are answerable to shareholders. Likely some percentage of those shareholder are retired people, living off the income those corporations generate. Corporation aren't inherently good or evil, but are more a reflection of the morals of the executive team. Company cultures vary quite a bit. I've worked at some good ones and bad ones. If you have investments, you benefit from capitalism.

      Tips for being rich:
      1. Save as much money as you can
      2. Pay off debt and don't get any more
      3. Live frugally
      4. Invest
      5. Profit

    9. Re:small "c" capitalism by Anonymous Coward · · Score: 0

      > The system we have now is really corporatism.

      I should correct something. There is already an economic system called "corporatism", but it involves all stakeholders being involved in the economy. Basically, unions get to exist as much as business/industry. (The "corporatism" part meaning "body", as in hurting workers hurts the country/economy as a whole. "Holism" is probably a synonym.)

      Some European countries are corporatist (worker rights with market economy). Hell, there have been right-wing governments that supported that arrangement. If you're wondering why they would do that, just look at how visas and mass immigration are replacing native workers with foreigners.

      (Man, the whole "right-wing = free market" thing is such a con job. No True Scotsman, indeed.)

    10. Re:small "c" capitalism by Anonymous Coward · · Score: 0

      Fir a start, central planners is LENNISM not socialism, you inbred retarded moron. Cut loose of the government propaganda you sheep. Secondly since capital doesn't make the laws, it is less corrupted to ensure the capitalists gain power, ensuring more even power. Power is the ability to do work and move against the forces holding you down. So it is clearly going to be more equitable than capitalism, where those who have more get more and increase that disparity at the expense of others.

    11. Re:small "c" capitalism by sjames · · Score: 1

      More to the point, corporations are controlled by humans who due to corporate protections do not have to fear consequences for their criminal acts.

      That is a very bad combination.

    12. Re:small "c" capitalism by Anonymous Coward · · Score: 0

      What you're describing is actually socialism. Free market socialism predates capitalism, and has been extremely successful. The only problem is once the rich and powerful get control of it, it inevitably turns into the capitalism we see today. With socialism there would be no corporations dictating laws, only worker owned businesses that will be easily disbanded should they harm the public good.

    13. Re:small "c" capitalism by sabbede · · Score: 1
      No, that's not Corporatism at all! Modern Corporatism is government, capital and labor working together in a formal setting to develop economic policy. It's very popular in European social democracies and totalitarian states. Mussolini once famously stated that "Fascism is Corporatism", but in the case of Fascist Italy corporatism really meant "the government tells businesses and labor what to do".

      I think what you're thinking of is corporatocracy. It absolutely isn't corporatism.

    14. Re:small "c" capitalism by sabbede · · Score: 1
      Where are people getting these definitions?

      Capitalism is a system where the means of production are privately owned.

      Corporatism (modern) is the practice of making economic policy decisions through formal 3-way negotiations between government, businesses and labor. Usually broken up by industry, so auto manufacturers would sit down with their employees and government representatives to work out rules for the auto industry.

      The term for a system where corporations control government is "Corporatocracy".

    15. Re:small "c" capitalism by imrahilj · · Score: 1

      Amen. So many bad decisions being made at many levels because people know they won't have to accept responsibilities for the consequences - an outfit like Bain Capital shouldn't exist in a healthy economy.

    16. Re:small "c" capitalism by ebvwfbw · · Score: 1

      The other thing that is really bad about our system is we largely privatize all the profits and socialize all the risk (think bailouts, or welfare money to prop up farmers over trade wars, or corporate welfare in general).

      Spoken like someone with absolutely no business experience. Own a business for a while and see what you think. Businesses take a hell of a lot of risk, get the living crap taxed out of them so governments can give it away to people who don't want to work.

      Of course they also pay for the roads, infrastructure, etc. I bet you'd be shocked at what a beer truck pays in taxes a year. Yes, we did build that Mr. Obama. He was clueless about how things work. Still is in fact.

      I used to compare how much my company spent on taxes and government BS to the GDP of nations. See where we rank. I stopped doing that years ago, it was depressing.

    17. Re:small "c" capitalism by Anonymous Coward · · Score: 0

      That makes absolutely no sense. "Capital" in economic terms is the same thing as the means of production. The system where the capital controls itself is a post singularity dystopian robot empire.

  18. Re:thanks slashdot by Anonymous Coward · · Score: 5, Insightful

    this again. Socialism =/= Communism.

  19. Demographics by Anonymous Coward · · Score: 0

    Fewer than half of young Americans are white anymore, either. Thank you open borders lobby!

  20. Re:Everyone knew the pump and dump was coming... by cayenne8 · · Score: 1, Insightful
    We raised a generation of idiots.

    We started by breeding the compettion out of them all....that "everyone is a winner" bullshit, with you get a trophy just for processing oxygen.

    And apparently we didn't teach them history, like how many in the past died due to socialism, nor did we teach them civics on how govt should work and their part in it...etc.

    Well, its been a good run till now....just hope this crap doesn't come to pass till I'm well dead and underground, so that it doesn't affect my quality of life I and my peers worked hard for....

    --
    Light travels faster than sound. This is why some people appear bright until you hear them speak.........
  21. In a related story: by Anonymous Coward · · Score: 0

    More than half of young Americans are morons.

  22. The people with least life experience by SmaryJerry · · Score: 2, Insightful

    It makes sense younger people would be susceptible to bad ideas and in particular people that say everything should be free. Hell I'd take everything free if I believed someone it was possible. Still these people have no experience, things that are too good to be true often are. And hell at that young age people are voting democrat solely because America is a democracy and democrat sounds similar.

    1. Re:The people with least life experience by Nidi62 · · Score: 5, Insightful

      It makes sense younger people would be susceptible to bad ideas and in particular people that say everything should be free. Hell I'd take everything free if I believed someone it was possible. Still these people have no experience, things that are too good to be true often are. And hell at that young age people are voting democrat solely because America is a democracy and democrat sounds similar.

      It makes sense that older people, who have accumulated wealth and power, continue to try and grow their wealth by simply rigging the game then decry those younger than them as "lazy" or "entitled" when they state that the game has been rigged against them. All the old people care about is "I got mine, go get yours", not realizing that there is nothing left for them to go get. Boomer's don't care that we are gutting the future of Social Security to pay for the military and tax breaks for corporations or the 1%, they have pensions. Meanwhile the rest of us have to worry about retiring to a vastly reduced Social Security benefit while relying on 401ks that are based upon a stock market with values greatly exceeding the actual worth of the companies being traded.

      --
      The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
    2. Re:The people with least life experience by Anonymous Coward · · Score: 0

      And hell at that young age people are voting democrat solely because America is a democracy

      Which it isn't. They're also not taught why it isn't and why it was never supposed to be a democracy.

    3. Re:The people with least life experience by Anonymous Coward · · Score: 0

      You built your life on the assumption that future generations would toil in poverty to prop up your lousy, selfish life choices.

      They won’t.

      Not sure whether your sneering attitude Is the denial stage or the anger stage.

    4. Re:The people with least life experience by Anonymous Coward · · Score: 0

      Argument could easily be used to wave away any and all socially beneficial ideas.

    5. Re:The people with least life experience by jeff4747 · · Score: 1

      Gotta love the people talking about life experience unable to actually listen to the life experience of those under discussion.

      It was easy to see capitalism as good when it afforded most people a good life. Now, it doesn't look like "the kids" will be able to ever buy a house or afford children. That life experience is incredibly relevant to this discussion, yet you are unwilling to look at it.

    6. Re:The people with least life experience by SmaryJerry · · Score: 1

      Capitalism promotes the notion that if you work harder then you make more money. Basically you get what you deserve. The person working 10 hours gets paid more than the person working 5 and the person who is more effective gets paid more. Every child is afforded free education and the opportunity to excel. Besides it's not like wealth just sits at the top. When someone dies around 50% of everything they own in property, cash, and everything gets taxed away from them depending where you live. Not to mention that the more money you have the more and higher rate of taxes rich pay. To clarify the other points you made, social security is paid into by people who make money. If we got rid of all the rich people, normal people would still have to pay more into social security/work harder. Also, the 401k values do not "greatly exceed the actual worth." Companies are priced at exactly what the companies are worth. They are priced at what people are willing to pay at any given time. If you think it's overvalued, then just sell those stocks you think are overpriced or don't contribute to the 401K at all.

    7. Re:The people with least life experience by SmaryJerry · · Score: 2

      "It was easy to see capitalism as good when it afforded most people a good life." I don't think you need to say any more. It's obvious that it is good from the results. "The kids" who can't afford children or houses think they are entitled to those things. The government gives tons of benefits for children, they get free insurance, free food, free school, and even straight up cash via tax deductions for anyone who is actually poor. I see how people spend their money and it's obvious they are choosing a lifestyle over choosing a house. Not to mention purchasing a condo is not much more than paying rent for an apartment. "The kids" choose not to study in school, then after school choose to work less hours and fill that time with TV, Games, or Drinking. Then they choose to wear overpriced brand name clothes, go out to restaurants to get their food prepared for them every day, then spend $100 at a bar drinking each weekend. This is completely normal for "the kids" to do. Tell me why I know single moms who work as waitresses at restaurants that can take care of 5 kids with no help from the dads but for some reason the rest of "the kids" can't seem to afford basic housing? It's obviously because at some point and probably throughout their life they made the choices for immediate gratification over planning for their future.

    8. Re:The people with least life experience by jeff4747 · · Score: 1

      "The kids" who can't afford children or houses think they are entitled to those things

      Nope. They think it was possible for us, and not possible for them.

      This is yet another example of refusing to listen to their life experience.

      The government gives tons of benefits for children, they get free insurance, free food, free school, and even straight up cash via tax deductions for anyone who is actually poor.

      First, the vast majority of that is only available in most states if you are extremely poor. We're not talking about extremely poor. We're talking about the people who are "doing everything right", but only make $25-50k/year in a place it costs $20-40k/year to live.

      Second, that money is actually a tiny fraction of the cost of raising a child.

      Again, you are not interested in their lived experience.

      Not to mention purchasing a condo is not much more than paying rent for an apartment.

      First, down payments exist.
      Second, apartments are much more easily obtained by multiple people, aka roommates.
      Third, thanks to the efforts of previous generations, zoning laws greatly limit the supply of condos outside hyper-dense cities like New York City. And condos there are generally built as "luxury condos" that are waaaaaaaaaay out of their price range.

      "The kids" choose not to study in school

      We graduate 1.5 STEM students from college for every STEM job opening. Try again.

      then after school choose to work less hours and fill that time with TV, Games, or Drinking

      Actually, bars are dying. The industry is getting hit very hard times because "the kids" aren't going to them nearly as much as you did when you were young.

      See, once again you are attempting to insert your lived experience into their lives. It's not the same.

      Then they choose to wear overpriced brand name clothes

      Oh please wander into the avocado toast stupidity......

      go out to restaurants to get their food prepared for them every day

      Nope. Just like bars, the restaurant industry is having difficulty attracting younger customers like they did when you were young. Because they can't afford to eat out like you did.

      Tell me why I know single moms who work as waitresses at restaurants that can take care of 5 kids with no help from the dads but for some reason the rest of "the kids" can't seem to afford basic housing?

      Because 1) you actually know nothing about their finances, 2) they actually get massive help from relatives/friends in "raising" those kids, and 3) those kids aren't being raised all that well beyond "not starving to death". They'll grow up with poor economic prospects due to the lack of support compared to the kids of the more affluent, and then you'll rant about how terrible they are for doing things they are not actually doing.

      It's obviously because at some point and probably throughout their life they made the choices for immediate gratification over planning for their future.

      See above comment about STEM degrees. That's the right thing to do, isn't it? Companies and the media are claiming there is a massive shortage of STEM workers, so clearly it's going to be in demand when they graduate in 4-8 years (gotta deal with the people going part-time too). So when they get out and hit that 1.5 graduates-per-opening problem, it's totally their fault for choosing the immediate gratification of spending 4-8 years getting a degree that is supposed to be very valuable.

      Again, you have zero interest in their actual lived experience. Because if you actually saw it, you'd have to re-evaluate your worldview. And that's far too scary.

      But you know what's scarier? What they are going to do to you for making it worse, old man.

      Or you could actually learn what's going on. You're choice.

    9. Re:The people with least life experience by Anonymous Coward · · Score: 0

      All the old people care about is "I got mine, go get yours", not realizing that there is nothing left for them to go get.

      Ah yes, but there is something to get. Tax the old rich ones - all you need for that is a majority.

  23. amazing. by wyHunter · · Score: 3, Insightful

    Let's see, the economic system that has raised more people out of poverty than any other, young people aren't sure about. The education system in every country on earth is just..wow.

    1. Re:amazing. by Anonymous Coward · · Score: 0

      Poverty isn't an absolute term.

    2. Re:amazing. by HornWumpus · · Score: 2, Insightful

      ^^ This is what western leftists actually believe.

      Never been really hungry in his life.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    3. Re:amazing. by Thelasko · · Score: 1

      Let's see, the economic system that has raised more people out of poverty than any other, young people aren't sure about. The education system in every country on earth is just..wow.

      We should have never socialized the education system.

      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    4. Re:amazing. by Anonymous Coward · · Score: 0

      Let's see, the economic system that has raised more people out of poverty than any other, young people aren't sure about.

      The education system in every country on earth is just..wow.

      That's just false. (pure) Capitalism hasn't achieved any of that alone. It always was some mix of socialist and capitalist ideas that made a strong economy.

    5. Re:amazing. by sjames · · Score: 4, Insightful

      That's because that system has been corrupted and is now pushing people back into poverty.

      If you don't fix it, it will be replaced. Act accordingly.

    6. Re:amazing. by mx+b · · Score: 2, Insightful

      Let's see, the economic system that has raised more people out of poverty than any other, young people aren't sure about.

      Two things.

      One, I'll grant you it has raised some out of poverty -- and to very high wealth in fact! -- but the other side of the coin is that many more have fallen deeper into poverty and debt, stuck in a cycle that is nearly impossible to break without help from others. Our economic system is heavily weighted against the poor. We tell the poor they have to pay higher interest rates -- pay more money!! -- because they are poor and private companies with no public oversight decide "credit scores", what kind of sense does that make? I know, you'll say "but the capitalists are taking a risk and deserve more!" but that's exactly the point, capitalism is making some rich at the expense of many others who pay more and fall more into poverty and debt.

      Second, even if what you say is true about capitalism (and I have my extreme doubts, see above), that's a very relative statement you're trying to make sound absolutist. Before capitalism we had mercantilism which was seen as improvement on feudal economics which was seen as an improvement on past systems. Why can't capitalism itself be flawed and similarly need replaced by some system -- let's call it socialism -- to help *even more* people? Until we have 0% homelessness, 0% poverty, our job is not done and we should not settle if we want to claim we are a civilized society.

    7. Re:amazing. by Train0987 · · Score: 1

      The injection of massive socialist programs over the past 50 years is what's keeping Americans in poverty.

    8. Re:amazing. by Areyoukiddingme · · Score: 3, Insightful

      Let's see, the economic system that has raised more people out of poverty than any other, young people aren't sure about.

      Nobody gives a fuck.

      Let me repeat, nobody gives a fuck.

      In the developed world, that happened to the grandparents, great-grandparents, even great-great-grandparents of today's youth. "Raising out of poverty" is the goal of the last century, not this one. If the system was still working, today's youth would see a path towards a future more prosperous than that of their parents, grandparents, great-grandparents, et al. They don't see one. They see all of the myriad new roadblocks instead. They see that they are objectively worse off than their parents. This is not a myth or a fluke or a manipulated statistic. This is the real world. Look around, asshole. Unless you live in a gated community, you'll see the evidence with your own eyes.

      Nobody gives a fuck about the "raise out of poverty" talking point. That was 100 years ago, or on the other side of the world, and either way, totally irrelevant to the life experience of people answering this poll. What matters is what has that economic system done for them lately. And the answer is, failed.

    9. Re:amazing. by sjames · · Score: 1

      Any evidence for that?

      Social programs were implemented to head off open revolt. That'll be needed again.

    10. Re:amazing. by Uberbah · · Score: 1

      The only connection between your premise and your conclusion is the air between your ears.

    11. Re:amazing. by wyHunter · · Score: 1

      Social programs when? The 30s? The 60s?

    12. Re:amazing. by wyHunter · · Score: 1

      Consider China - which was an impoverished country and now has the world's second largest economy - though many of its people are still very poor. Ditto, India. We won't ever have 0% homelessness, 0% poverty. By destroying the means of production - which every genuine socialist country has done (the 'social democracies' of western Europe are not socialist, they are mixed economies) - then more and more people will be poor.

    13. Re:amazing. by wyHunter · · Score: 1

      I see, so the folks who are always saying that the poor matter don't care if folks are getting less poor from capitalism because they haven't gotten their handouts. interesting, and no doubt, true.

    14. Re:amazing. by Anonymous Coward · · Score: 0

      That's because that system has been corrupted and is now pushing people back into poverty.

      If you don't fix it, it will be replaced. Act accordingly.

      Show me your fantastic system to replace it with. Venezuelan? Cuban? And please do not try to argue with Scandinavia. It is capitalism there - In fact they rolled back from "socialism of 80' quite a bit when they started to have problems. Recently they are introducing again some social-engineering nonsense (like various gender quotas ...). They can probably afford that for short a while (due to some specific situation like rich natural resources and "protestant work attitude"), however problems are starting again (in Norway a lot of public companies go private because they cannot find enough women to fulfill 40% board quotas, there are problems with communist-Romania behavior style of Banevernet, many other institutions trying to control and micro-manage peoples lives...). I am for wide state-level institutions and programs where it makes sense (for health, education or some infrastructure) where competition-driven market efficiency is limited but even in those areas private inititiative should never be forbidden to work in parallel or screwed-up or eliminated/screwed by taxation. And of course there should be some non-extensive market control to eliminate monopolies and dangerous behavior.

    15. Re:amazing. by Anonymous Coward · · Score: 0

      Debt is the villain here. When we agree to take on debt, we are buying into the greatest of evils. Debt is the shackle that binds most folks. Limits them. Enslaves them. Makes them fearful and feeling like they can't control anything. Debt creates the illusion of prosperity. It ensure that debtors will remain in poverty. I also think that a lot of the entitlement culture is due the the fact that debt enables people to live beyond their means. It puts pressure on young people to have nice things; clothes, fancy phone, car. that they cannot afford. Don't blame capitalism for that.

    16. Re:amazing. by Uberbah · · Score: 0

      No one has ever been made less poor because of capitalism, as jobs are created by demand, and only demand. Capitalism has made billions of people more poor, however, as it incentives screwing anyone and anything over if it means another nickel in dividends.

    17. Re:amazing. by Uberbah · · Score: 1

      And who not only pushes debt but makes it a necessity? Capitalists. Debt to get a college education when capitalists demand BA's when they used to demand high school diplomas, debt to get needed medical care, debt to fix the car you need to keep your job.....

      Debt and capital go hand in hand.

    18. Re:amazing. by Uberbah · · Score: 1

      By destroying the means of production - which every genuine socialist country has done

      Socialism gives ownership of the means of production to workers. If you don't like socialism, you must not like democracy and think you, your friends, family & coworkers are all incompetent baboons who couldn't tie your own shoes without a feudal lord telling you what to do.

      then more and more people will be poor

      Every country that has tried socialism has immediately and drastically reduced poverty, homelessness and people dying for lack of basic medical care. Then they get targeted for CIA-sponsored coups, so people like yourself can prattle on about how socialism is a failure while the murdered are dissolving in acid.

      Then there's the fact your cult is throwing stones within a glass house, as capitalism is a miserable failure for anyone who's gamble on stocks or business doesn't pay off. Do you guys take pills to suppress your sense of self-awareness that 3 or 4 billionaires in the US have as much wealth as the bottom half of the population?

    19. Re:amazing. by Uberbah · · Score: 3, Insightful

      That's because that system has been corrupted and is now pushing people back into poverty.

      Capitalism, like a monarchy, is inherently corrupted. When you set up an amoral system that rewards screwing every one and every thing over if it means another nickel in dividends, while shielding shareholders from the companies actions, the results are a given.

    20. Re:amazing. by Uberbah · · Score: 1

      Because you want an uneducated mass of unemployable people? Why don't you go all out and submit a constitutional amendment to create a caste of Untouchables a la India.

    21. Re:amazing. by sjames · · Score: 1

      Both.

    22. Re:amazing. by sjames · · Score: 1

      That *IS* the corruption. Smith warned that corporate charters were dangerous. He suggested they only be granted in a few rare cases where such group efforts were necessary to accomplish a thing at all and then to keep them limited in scope and well regulated. Passing them out to all comers and not enforcing the public interest *IS* corruption. Consider, any corporation that violates the law is intrinsically NOT in the public interest. That's a lot of corporations that should have been forcibly dissolved but instead paid fines smaller than the ill-gotten profits from the crime.

      Early in American history, when charters of corporation were issued, they specified the line of business and actually would be dissolved if the corporation acted against the public interest.

    23. Re:amazing. by sjames · · Score: 1

      Interestingly, it doesn't matter what I think. My statement wasn't a threat, it was a prognostication. If the current state of affairs doesn't improve, it will come to pass. The replacement may be better, worse, or more of the same but it will happen.

      But any workable solution will probably involve socializing healthcare and the rest of education. It will likely involve universal basic income in some form or another.

    24. Re:amazing. by wyHunter · · Score: 1

      I can see the 30s, people were starving. Not the 60s. And yes, I was alive in the 60s.

    25. Re:amazing. by Anonymous Coward · · Score: 0

      It is very well known that capitalism only "raised people out of poverty" by arbitrarily defining a boundary and then moving the goalpost. This is so extremely well documented it is unimpeachable. When you define poverty as living off $3 a day, then suddenly change that to $1 a day, you've magically "raised billions out of poverty" without actually doing anything. Since capitalists are more susceptible to marketing spiel than facts and logic though, it works on them.

    26. Re:amazing. by Anonymous Coward · · Score: 0

      I was going to write a long post, but this is good enough:

      1. You dont get a crap credit score just because youre poor. You get a crap credit score by borrowing more than you can pay back. There are low-income persons with stellar scores and high income persons with shit scores.

      2. Capitalistic countries have a high standard of living. Even the poor are considered well-off by worldwide comparison.

      3. Practically any system will have losers because people're stupid. I mean this in earnest. If you want everyone to be taken care of all of the time, you need to bubble wrap everything and eliminate personal responsibility/decision making (but this can be extremely harmful long term).

    27. Re:amazing. by sjames · · Score: 1

      You might not have noticed an entire class of people who until they started rioting in the '60s were disadvantaged by segregation laws and so were not doing all that well.

    28. Re:amazing. by Anonymous Coward · · Score: 0

      Western leftists believe logical, observable, multiply proven reality? As opposed to child prostitution rings in pizza parlor basements?

      I know you didn't mean to parody yourself, but you kinda did :)

    29. Re:amazing. by Anonymous Coward · · Score: 0

      because socialism was tried and it failed, see venezuela for the most recent example.
      there is only one system that wasn't ever tried which could be better than current form of crony corporate capitalism: laissez-faire free market capitalism.

    30. Re:amazing. by Anonymous Coward · · Score: 0

      The point is, even the "poor" people in America are obese and have cell phones. Capitalism has been so successful and has so altered our concepts that you really can't conceive of true poverty in the Western world (where people starve to death en masse, etc).

    31. Re:amazing. by sjames · · Score: 1

      Oh, I don't know, some of the homeless look like they might drop dead any minute.

    32. Re:amazing. by Anonymous Coward · · Score: 0

      Capitalism isn't a "system" it's the absence of one. Stupid.

    33. Re:amazing. by Uberbah · · Score: 1

      Yes, you are. Capitalism is an old concept with well known definition. It's not a case of "atheism is a religion like off is a TV channel".

    34. Re:amazing. by wyHunter · · Score: 1

      You might not have noticed "not doing all that well" is not the same as living on the streets and starving.

    35. Re:amazing. by sjames · · Score: 1

      So you figure as long as theyre not starving in the streets they should just smile pretty and move to the back of the bus?

    36. Re:amazing. by wyHunter · · Score: 1

      Don't be ridiculous. I'm merely saying that things weren't as bad in the 60s as they were in the 30s. Period. It is you who are putting disgusting inferences on things. I am a 21st century man, and I know that if a man is an *ssh*le it has nothing to do with the color of his skin. And, btw, you do not know my race, nor religion, nor anything else about me.

    37. Re:amazing. by sjames · · Score: 1

      You're the one claiming that there was no need for any social programs in the '60s. Which suggests strongly that you don't believe there was any systemic inequality that created disproportionate poverty.

      Thjat, in turn, suggests that if you were around in the '60s you were either too young to know what was what (and didn't learn about it later) or you were socially isolated from the group having the problem.

    38. Re:amazing. by wyHunter · · Score: 1

      Not in the slightest. Please note what I said, and I quote myself: "I can see the 30s, people were starving. Not the 60s. And yes, I was alive in the 60s."

    39. Re:amazing. by sjames · · Score: 1

      And I'm alive right now, but honestly, I haven't a clue what's going on in Togo today.

      I can look back on the '60s and with a now adult perspective, say yeah, that thing I remember was racist as hell, but that requires willing reflection on old memories that I'm told many don't even have.

  24. Considering... by GerryGilmore · · Score: 1

    ...that at least 90% of the people do not even understand what "Socialism" is, but they also realize that "Capitalism" has been taken over by "Crony Capitalism", I'm only surprised that the percentage isn't higher.
    "And these children that you spit on, as they try to change their world...They're immune to your consultations - they're quite aware of what they're going through..."

    1. Re:Considering... by drinkypoo · · Score: 1

      "And these children that you spit on, as they try to change their world...They're immune to your consultations - they're quite aware of what they're going through..."

      I prefer "So what? It's your problem to learn to live with, destroy us, or make us saints. We don't care, it's not our fault that we were born too late."

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    2. Re:Considering... by painandgreed · · Score: 1

      ...that at least 90% of the people do not even understand what "Socialism" is, but they also realize that "Capitalism" has been taken over by "Crony Capitalism", I'm only surprised that the percentage isn't higher. "And these children that you spit on, as they try to change their world...They're immune to your consultations - they're quite aware of what they're going through..."

      I'd probably say those things are true. Even then, the 10% who do understand "socialism" probably couldn't agree on a definition let alone a method of putting it into practice. It's a fairly large philosophy by this point with hundreds, if not thousands of people with different ideas expanding the ideas which different people are working off of. Similarly, with "capitalism", from talking to other people almost all of them are mean some sort of profit driven market system rather than the ability to own and control the means of production. It'd be nice to sit down, start with some basics, get a working vocabulary together and have a good discussion on such here on /., but that doesn't seem likely. What this this article is probably really telling us, is that young americans are more and more interested by the systems of Canada and Europe. I've had several friends move out of the US, usually those who have lived overseas or whose spouses had, and that which places would be a better place to raise kids was also a factor. And, ya, I'm more down with drinypoo's Ministry lyric.

  25. It's all about how to distribute purchasing power by Anonymous Coward · · Score: 0

    Historically, those who created the most value for society typically obtained the most purchasing power. Today though, it seems like too many are getting too much purchasing power, much more than the value they provide, and others not getting enough. The Economist had a story on this, "The question of extractive elites". Other key words to google are "rent-seeking."

    Millenials have runaway education, medical and housing costs. Follow the money to figure out why. Naturally they think capitalism is broken.

    Also, with the financial sector, something has to be done to rein it in. There's an interesting debate at the Federal Reserve, the US central bank, about "Cleaning vs Leaning" - letting the financial sector involve itself in (very lucrative to it) excesses, then sticking the society with the externalities (i.e. the bill). The Federal Reserve is wondering whether its role should be to clean up ("Clean") or try to prevent in the first place ("Lean"). You can think of factories polluting - they keep the profit, they dump the effluent so those around the factory incur the costs. Ditto with the financial sector.

    The problem with relying on "Distributors" to distribute purchasing power is that they accrue too much power and they are merely human - easily corruptible. The society then grows around that source of profit, like a plant grows to sun. Instead of growing around people seeking purchasing power by providing value to society. See how much power politicians have to today, and how hard they try to get tax money, to spend as they believe with help their re-election chances the most. Distributors will distribute purchasing power to those with the best lobbyists, not those who create the most value for society.

  26. Re:thanks slashdot by Anonymous Coward · · Score: 0

    never been in europe I see.

  27. Re:thanks slashdot by Anonymous Coward · · Score: 0

    What's the difference?

  28. Re: Everyone knew the pump and dump was coming... by UnknowingFool · · Score: 4, Insightful

    In your version of history did you fail to include all the people that died due to capitalism as well? Also what is your definition of socialism?

    --
    Well, there's spam egg sausage and spam, that's not got much spam in it.
  29. Go fig. by OwP_Fabricated · · Score: 2, Insightful

    It's almost like capitalism hasn't done shit to help 2+ generations of people in a row.

    Surely, blaming them for the problem while selling them down the road will serve the generations that didn't get totally fucked over.

    1. Re:Go fig. by Anonymous Coward · · Score: 0

      It’s almost like what you said is completely bullshit.

    2. Re:Go fig. by OwP_Fabricated · · Score: 4, Informative

      Given the debt load of the these two latest generations, the McJob Market, and the continuing concentration of wealth towards the 0.0001% while wages continue to stagnate in the face of increasing productivity I'd say I'm right and you can go pound sand, little anon.

    3. Re:Go fig. by Anonymous Coward · · Score: 0

      Must suck to be poor

    4. Re:Go fig. by HornWumpus · · Score: 1

      Globally, capitalism has lifted one billion people out of abject poverty in the last 2 generations.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    5. Re:Go fig. by OwP_Fabricated · · Score: 1

      It has killed scores more than that.

    6. Re:Go fig. by GerryGilmore · · Score: 2

      Too bad they were all Chinese, while the Capitalists raped the American middle class, totally destroying our manufacturing industry, forcing vast swathes of communities be pushed towards poverty here in America. Yay, Capitalism!!

    7. Re:Go fig. by Anonymous Coward · · Score: 0

      What capitalism? All I see is a strange mix of regulations promoting both statism and freedom.

    8. Re:Go fig. by Anonymous Coward · · Score: 0

      Globally, scientific advances made by both public and private entities, coupled with several decades of the public sector willing to put the good of the public ahead of the good of the powerful, have lifted one billion people out of abject poverty in the last 2 generations.

      Fixed it for you.

    9. Re:Go fig. by HornWumpus · · Score: 1

      Scores more? So a billion and 40?

      Where/when...you fucking moron.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    10. Re:Go fig. by HornWumpus · · Score: 1

      Western blue collar took it in the shorts. But China (and India etc etc) had to develop or we would have ended at war for sure.

      We also eliminated socialism as a viable economic theory in the same timeframe. So 'double plus good'.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    11. Re:Go fig. by HornWumpus · · Score: 1

      Bullshit. Scientific advances did nothing for them until they got rid of their Marxist masters. Which took the defeat of Communism, even in places where it still exists nominally (e.g. China).

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    12. Re:Go fig. by Anonymous Coward · · Score: 0

      Millennial complain about stagnate wages while they hitch an Uber instead of paying a cab driver a living wage.

    13. Re:Go fig. by Uberbah · · Score: 1

      Globally, socialism has lifted one billion people out of abject poverty in the last 2 generations.

      Fixed your autocorrect for you, you may want to check your settings. Capitalism doesn't cure poverty, it causes it. Of course, it's hard to get capitalists to understand that fact when their cult is dependent on not understanding it.

    14. Re:Go fig. by Anonymous Coward · · Score: 0

      La majestueuse égalité des lois, qui interdit au riche comme au pauvre de coucher sous les ponts, de mendier dans les rues et de voler du pain.
      In its majestic equality, the law forbids rich and poor alike to sleep under bridges, beg in the streets and steal loaves of bread. Anatole France

      Why the one unable to afford do not pay? WHY? DAMN WHY?

  30. Re: thanks slashdot by Anonymous Coward · · Score: 0

    Here - born and raised in the soviet bloc. Grandparents did siberia hardtime for fighting left flavor fascism takeover. Only lunatics or young spoiled lazy brats want another trial at that mess.

  31. Something for nothing by acoustix · · Score: 2, Insightful

    The problem is that everyone wants something for nothing. It doesn't exist. Socialism has been tried many times on many levels and it simply doesn't work.

    Capitalism has a successful record. It has raised more people up from poverty than any other system in history. But you have to work for it.

    As far as the U.S. college debt situation: look at who is running it: Government. Is adding more government to the problem going to solve it? Probably not. Be smart about it. Use community college (or high school) to get GE requirements done cheaply. Get a job to help offset some of the cost, don't just use the college loans to pay for 100% the cost. Use credit cards wisely and don't spend money you don't have. Don't eat out. Ramen noodles and PB&J are your friends.

    Before entering college for that 4 year degree, be absolutely certain that's what you want to do. Most of my friends that graduated college aren't using their degree in their current field. Hell, some didn't need a 4 year degree at all.

    Trade schools. Seriously. Use them. These careers can be very rewarding and pay very good salaries. Less student debt, start a career earlier and start saving for retirement earlier.

    Many 4 year college grads have the equivalent of a home mortgage when they leave school. That's bad for many reasons and a drain on the economy.

    Obviously I'm posting generalities. But they are truths. In the U.S. you are responsible for your education after high school. Choose wisely.

    Government run education is extremely costly. In my home state they decided to offer free preschool to everyone. In my blue-collar town of 25,000 where up to 40% of the population is receiving some type of government assistance our preschool participation rate was 96%. After "free" preschool was announced by the state the cost per pupil per year went from $1,200 to $3,700 in one year. The new participation rate was still 96%. Why did the state government run program cost 3 times more to run than the private and community based system? Nobody seems to know. How do you suppose that would translate at the college level if college were determined to be "free"?

    --
    "A plan fiendishly clever in its intricacies"- Homer Simpson
    1. Re:Something for nothing by OwP_Fabricated · · Score: 1, Informative

      "Socialism has been tried many times on many levels and it simply doesn't work."

      It hasn't been tried many times.

    2. Re:Something for nothing by b0s0z0ku · · Score: 1

      Not everyone wants to go to trade school and become a plumber, electrician, or mechanic. Some people don't even have the natural mechanical aptitude to do so.

      Also, don't eat Ramen and PB&J. Get a hot-plate or an apartment with a kitchen and cook real food. Your idea might be cheap, but it's far from healthy -- and getting sick while in school isn't good for grades.

    3. Re:Something for nothing by cordovaCon83 · · Score: 1

      Also, don't eat Ramen and PB&J. Get a hot-plate or an apartment with a kitchen and cook real food. Your idea might be cheap, but it's far from healthy -- and getting sick while in school isn't good for grades.

      Of all the misguided advice in the OP, living on Ramen as well as peanut butter and jelly is probably the worst bit of advice and unfortunately causes the reader to question the credibility of OP's other statements, especially when combined with the logical fallacies sprinkled in the comment. Misguided Libertarian beliefs aside, surviving on Ramen and peanut butter-jelly is probably a sure shot way to end up mal-nutritioned.

    4. Re:Something for nothing by SlaveToTheGrind · · Score: 2

      It hasn't been tried many times.

      I'll take "oh, THAT wasn't really socialism" for $500, Alex. Start working your way down the list -- I'll wait.

    5. Re:Something for nothing by Ichijo · · Score: 1

      Socialism has been tried many times on many levels and it simply doesn't work.

      I agree. What should we do about our socialized roads?

      --
      Any sufficiently unpopular but cohesive argument is indistinguishable from trolling.
    6. Re:Something for nothing by Trailer+Trash · · Score: 2, Interesting

      My son just went into the military to avoid taking out loans for college. It's not for everybody, but he's dead set on getting an education without owing anybody anything.

      We have kids getting questionable (literally) degrees in "social sciences" that cost them $100K+ in student loans, and then they're shocked that nobody other than McDonald's cares about those degrees.

      My kids know the deal - get a real degree and get a real job. Or make a real job. Or become a plumber and work it. Whatever. The point is to get a marketable skill while you're young and make it into a lucrative career. This still works, as I know plenty of young folks doing it.

    7. Re:Something for nothing by HornWumpus · · Score: 1

      No true scotsman...moron.

      Let me guess, they were doing it wrong? When you are in charge, it will work?

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
    8. Re:Something for nothing by sjames · · Score: 2

      Getting sick is also blisteringly expensive these days.

    9. Re:Something for nothing by Anonymous Coward · · Score: 0

      Jesus all your arguments against socialism and for capitalism are exactly the same as written by various "elitists" in 9gag. It is as if you guys copy it as dogma from the same place. Like a propaganda machine.

    10. Re:Something for nothing by Oswald+McWeany · · Score: 1

      Socialism has been tried many times on many levels and it simply doesn't work.

      I agree. What should we do about our socialized roads?

      Get rid of the socialized roads of course. And the socialized military. The socialized police. The socialized education system. Certainly get rid of the socialized IRS- that should be privatized so they can target people more efficiently. Socialised court system... get outta here- courts should be privately run and judges should be hired by private companies. Socialised parks... terrible idea. Public sanitation... much better if we hire private companies to take our poop and just dump it into the rivers as cheap as possible. Socialised polling booths during elections? Not on my watch. Private companies should be organizing elections.

      --
      "That's the way to do it" - Punch
    11. Re:Something for nothing by Anonymous Coward · · Score: 0

      These are just the same exhausting arguments either pointing out the flaws with capitalism or saying that what we have is not theoretical capitalism and then comparing it to theoretical socialism for a false equivalency. Whatever "true" capitalism is doesn't matter. Only the implementation matters.

      The government is causing debt xyz - That's why it needs to be changed. Our government is really capitalist and run by people with the most money, which isn't working. This couldn't be more obviously lately.

      Get a job to help with college - except there aren't enough sufficiently high paying jobs because capitalist employers are rewarded for paying as little as possible. Plus those jobs require a college degree to even have someone see your application. That's another reason capitalism isn't working.

      Make sure college is for you - But you need a college degree to even be considered for a decent job. HS just isn't enough anymore regardless of whether is SHOULD be enough. Capitalism says you should hire the best people you can for the lowest wages possible and since people with degrees and experience can't find work that's the market your competing in.

      Trade schools are the salvation of the world - except if that were true people would already be using them in droves. The reality is that we don't need tons of tradesmen either and when you actually look at salaries instead of just repeating "facts" from others they don't really pay all that well. Sure they pay more than most retail or fast food but 40-50k isn't an amazing salary. It's not even good. Certainly not enough to elevate yourself and your family to a better quality of life. It's just better than some and may be livable in some areas. The highest paying trades take a while to reach the peak, are not heavily needed. How many crane operators are really needed? 150,000? And how many of those are unfilled positions or new? You'd STILL be better off applying that time and effort somewhere else in something that has more flexibility to employers. Not to mention that if we see a significant uptick in people seeking trade jobs salaries will adjust. The more qualified candidates the lower the pay. Supply and demand is a cornerstone of capitalism.

      College debt is too high and drains the economy - No kidding, really? But... capitalism!?! See previous points for more

      College is expensive and the government already pays too much for education - One of the things government is for is providing social services to improve the lives of the people. I could just use the old tried and true absurd military spending to illustrate where money could come from but the truth is there are many places we overspend or just stupidly spend money. Funding is NOT a real problem, it's a manufactured one because we don't even consider actual change for the better. We just regurgitate ways people can "fix" things for themselves without fixing the fundamental problem of bloated and broken government. We certainly don't give a shit about funding when it comes to monumentally unnecessary things like a space force, a border wall, most bailouts/relief funding, etc. We really only care about spending when it's a service that will help the poor or middle class.

      We continue to decline in basically every possible category while other more forward thinking countries surpass us. It is ASTOUNDING how many people think the US is number one in things we don't even rank the top 10 for. We're pathetically ranked in education all things considered and still refuse to fix it. We complain about health care costs and then keep the utterly absurd (but capitalist) insurance companies. We complain about immigrants taking work but then can't admit that's just capitalism. They are willing to work for less and do a better job. Just look at the Carrier factory that was saved. A government funded bailout via tax credit to save jobs and now they have record levels of absenteeism. These are the people that would be getting these trade jobs. The people that claim their underpaid and blame the

    12. Re:Something for nothing by b0s0z0ku · · Score: 0

      "Without owing anybody anything?"

      So, he won't owe the military his life (if asked to put it at risk), his soul (if asked to kill), or his health (if wounded or exposed to toxins)?

      Go into the military if you want, but don't pretend that you won't owe anybody anything. At least with a job, you can quit without ending up jailed or with a dishonorable discharge on your record.

    13. Re:Something for nothing by angel'o'sphere · · Score: 1

      I guess you did not mean socialism, but dictatorships or oligarchies running a countries economy as a planner market or planned economy?

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    14. Re:Something for nothing by eth1 · · Score: 1

      "Socialism has been tried many times on many levels and it simply doesn't work."

      It hasn't been tried many times.

      Really? My city has socialist police and fire departments that work very well.

    15. Re:Something for nothing by SlaveToTheGrind · · Score: 1

      From your fine citation: "Self-identification is the only criterion used by the list, therefore the list includes all countries that have claimed to be Socialist, even if their claims are disputed." Your citation of that list is intended to be a waste of time.

      Actually, that just further illustrates my point: armchair quarterbacks like the OP and the above Wiki editors engaging in labeling games vs. those who have actually tried (and repeatedly failed) to implement socialistic societies.

      Care to make a good-faith effort?

      To do what? Certainly the onus is on the one saying "not a single one of the dozens of failed experiments called socialism by their founders was Real Socialism(TM)" to explain why.

    16. Re:Something for nothing by painandgreed · · Score: 1

      "Socialism has been tried many times on many levels and it simply doesn't work."

      It hasn't been tried many times.

      It's been tried in many places that monarchism or capitalism was tried and had already failed.

    17. Re:Something for nothing by Ichijo · · Score: 1

      And the socialized military.

      Great idea! Finance the military directly from the wealth it protects. Rich people will think twice about starting wars when they have to finance them 100%.

      The socialized police.

      Not a function of the federal government.

      The socialized education system.

      The one where the rich get a better education than the poor? That doesn't sound very socialized to me!

      Certainly get rid of the socialized IRS

      Yes! Send each state a bill for services rendered. Most red states (excluding Texas) will be forced to raise their taxes to make up the lost subsidy from blue states. Can we kick out from the union any state that goes bankrupt?

      --
      Any sufficiently unpopular but cohesive argument is indistinguishable from trolling.
    18. Re:Something for nothing by jeff4747 · · Score: 5, Insightful

      The problem is that everyone wants something for nothing.

      No, the problem is people who recite trite phrases instead of actually looking around them.

      Instead, they decide what they want the result to be (hence the trite phrase) and only look at the things around them that confirm that result.

      For example, those of us who want single-payer medical care don't want "something for nothing". We believe medical care is so important that we all should all get it, and pay for it via taxes. Just like we all pay for the military, firefighters, police, roads and so on. As an added bonus, it costs less money than our current system.

      How do you suppose that would translate at the college level if college were determined to be "free"?

      We don't need to suppose. California already did it. For about 100 years, University of California and Cal-State schools were free for in-state students. Eventually they added some "fees", but that cost about 1 to 2 months of minimum-wage 40-hours-per-week work.

      All it got California was the largest economy in the US, and created Silicon Valley. Not a bad deal.

      It ended when Anti-tax Republicanism swept over the state. Now that the Boomers had their degrees, it was terrible that these freeloaders were getting free education. And, far more importantly, they decided that "taxation is theft!!!" was their new motto.

      Be smart about it. Use community college (or high school) to get GE requirements done cheaply. Get a job to help offset some of the cost, don't just use the college loans to pay for 100% the cost. Use credit cards wisely and don't spend money you don't have. Don't eat out. Ramen noodles and PB&J are your friends.

      And when they do all that and still look to a future of never affording a house or never being able to afford kids? Now what?

      Fundamentally, the problem is productivity became decoupled from wages around 1978. Which means real wages have either stayed flat or gone far down for the vast majority of people for a very long time. Which results in "the American Dream" being out of reach of more people every year thanks to inflation. We're approaching a tipping point where something will be done about that.

      Option 1, which you appear to support, is to blame the people getting screwed over by this basic economic fact and do nothing. Which will result in more people falling behind, more anger, more resentment, and eventually a violent correction. If you're lucky, you'll be able to push off the violence until after you've died of natural causes.

      Option 2, which I support, is to start using the only peaceful tool available to make that correction: the government. Which means using the horrors of socialism to correct the worst problems and work to tip the economic playing field back towards the workers. You'll still be rich, just like people can still be rich in Europe. Just slightly less so. In return, your waitstaff will be able to afford to live on a 40-hour-per-week job instead of breaking out the guillotines.

    19. Re:Something for nothing by omnichad · · Score: 0

      It's not for everybody, but he's dead set on getting an education without owing anybody anything.

      Who does he think pays for the military? I mean, I'm not criticizing his choice. It's valid and a good way to start a career but it's not somehow morally superior than paying for your own education even if you need student loans.

    20. Re:Something for nothing by rastos1 · · Score: 1

      As far as the U.S. college debt situation: look at who is running it: Government. Is adding more government to the problem going to solve it? Probably not.

      It's not linear. If level L of government brings P problems, then it does not mean, that 2*L of government brings 2*P problems or L/2 government brings P/2 problems.

    21. Re:Something for nothing by Train0987 · · Score: 1

      "Not everyone wants to go to trade school and become a plumber, electrician, or mechanic. Some people don't even have the natural mechanical aptitude to do so."

      You're right, they want to be paid for providing absolutely nothing of value at all and they want the people who do choose those jobs to pay for it while looking down their noses at them.

      The Narcissism Generation.

    22. Re:Something for nothing by Train0987 · · Score: 1

      Capitalist profit motive is the only reason treatments exist today for most of the deadly diseases you're referring to. Without it socialist/communists would've jest left you to die.

    23. Re:Something for nothing by b0s0z0ku · · Score: 1

      Doctors, nurses, engineers, teachers, scientists, programmers provide nothing of value? News to me.

    24. Re:Something for nothing by Train0987 · · Score: 1

      Right, the people you proclaim don't have the mechanical aptitude to be tradesman go on to be doctors, nurses, engineers, teachers, scientists and programmers instead...

      The only people on your list who don't routinely end the work-day filthy are programmers and teachers and judging by the quality of their work product over the past decade I think we'd be fine with fewer of them.

    25. Re:Something for nothing by Anonymous Coward · · Score: 0

      nonsense, a lot of research is publicly funded; it's a mixture.

    26. Re:Something for nothing by sjames · · Score: 1

      How do you explain the rest of the western world and their socialized medicine or the U.S. providing grants for research?

    27. Re:Something for nothing by serviscope_minor · · Score: 0

      Lol the list of self-declared socialist states.

      That's like looking at the list of self-declared democracies and concluding that democracy doesn't work. Actual democracies don't need to self declare. Unlike, say, the Democratic People's Republic of Korea.

      --
      SJW n. One who posts facts.
    28. Re:Something for nothing by SlaveToTheGrind · · Score: 1

      Lol the list of self-declared socialist states.

      Ah, so the only way to have a true socialist state is not to call it socialist. Now it all makes sense.

    29. Re:Something for nothing by Alypius · · Score: 1

      "Socialism is the Axe body spray of ideologies. It never does what it's says it will and people too young to know better keep buying it."

    30. Re:Something for nothing by serviscope_minor · · Score: 0

      Ah, so the only way

      No, and you're an idiot. That's not even slightly what I said and we both know it.

      --
      SJW n. One who posts facts.
    31. Re:Something for nothing by SlaveToTheGrind · · Score: 2

      Friend, what we both know is that you're contenting yourself to pick around the edges rather than simply addressing the issue at the core of my original post: what, exactly, is the flavor of socialism that is so blindingly obviously going to make the world a utopia; why, exactly, has that flavor somehow mysteriously managed to elude every single group that has tried to put it in place; and what, exactly, is going to change in the future to produce different results the next time around?

      And we both know the reason for that.

    32. Re:Something for nothing by drinkypoo · · Score: 0

      I can call an apple a banana but that doesn't make it so. I can tell you I'm walking North while I'm walking South and it doesn't change my direction. And time and again, claims of socialism have been used to distract from actual actions which are not socialist. That doesn't reflect on socialism even slightly. People lie all the time, and then other people lie about the lies. Unless you study actual actions in precisely the way your "citation" doesn't, you aren't counting efforts at socialism, you're counting claims thereof. Your list explains its uselessness right at the top, so your attempt to cite it as evidence was not made in good faith.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    33. Re:Something for nothing by SlaveToTheGrind · · Score: 2

      And time and again, claims of socialism have been used to distract from actual actions which are not socialist. That doesn't reflect on socialism even slightly.

      You can stop hiding the ball any time you're ready. What, exactly, is the One True Socialism(TM), how, exactly, does it differ from the scores of failed efforts that misguided souls have called socialism, and what, exactly, is the basis (beyond "this time for sure, Rocky!" wide-eyed optimism) for saying it can be implemented successfully in the face of those failures?

    34. Re:Something for nothing by Anonymous Coward · · Score: 0

      "your waitstaff will be able to afford to live on a 40-hour-per-week job instead of breaking out the guillotines."

      No, they will not. But of course you will provide rent control in super high dollar downtown areas where all these people say they want to live, right?
      Your government cant even figure out that when they legislated that employers will provide health care to all full time (over 32 hours a week) workers, that everyone just got their hours cut.

      What is worse than a 40 hour a week job with no benefits? A 32 hour a week job.
      Your government has NEVER worked properly, period.
      Quite try to fix everything, you can't. Give everyone an equal chance please, not equal outcomes.

    35. Re:Something for nothing by serviscope_minor · · Score: 0

      Bro, we both know your point about self described socialist countries was entirely vapidand designed to lend weight to your argument from an incredibly flimsy base. Now if you want to argue against communism (something you seem to be confusing worth socialism which is much broader) you can do much better than am augment that falls flat on its face when you swap ideologies.

      Regardless of whether you're correct, you made a very silly argument. Own it and move on.

      --
      SJW n. One who posts facts.
    36. Re:Something for nothing by jeff4747 · · Score: 1

      Give everyone an equal chance please, not equal outcomes.

      Equal chance is not possible.

      I'm well-paid enough that my wife is a stay-at-home parent. My kids will probably never go hungry. They'll have a stable place to live, probably never move, and have two parents very involved in their education.

      That means my kids do not have "an equal chance". They have a far better chance than parents who are both working multiple jobs, have to move more frequently because they rent, sometimes can't feed the kids properly, and don't have time to sit down and do homework with the kids because they've got to get to job #3.

      My kids will also have a worse chance than someone significantly more wealthy than me, because their parents will be paying for an elite private school, hiring tutors as necessary, and probably have better connections that can be leveraged to boost the kid's entry into the workforce. And have a few million to loan to to their kid to help them start out (Hi Donald Trump).

      So no, we can't do the Randian fantasy world, because it's a fantasy world.

      That also doesn't mean we have to be stupid about how we address inequality. Rent control only works as a very short-term solution. You fix high rents with things like zoning that causes higher density construction. 40% of the buildings in Manhattan could not be built today because they're too dense for current zoning laws - they're too tall or have too many apartments. Which means they aren't putting up new dense buildings and the rent is too damn high.

      Your government cant even figure out that when they legislated that employers will provide health care to all full time (over 32 hours a week) workers, that everyone just got their hours cut.

      The assumption was businesses would realize that having more part time workers costs a hell of a lot more money due to things like training and supervising more people. Unfortunately, businesses are generally dumb and don't realize what something costs unless the connection can be spotted by a 6-year-old.

      But that's what we get for passing the Republican health care reform plan. ("Obamacare" is the plan created by the Heritage Foundation for Bob Dole to offer as an alternative to Bill Clinton's health care reform, with a few minor tweaks like where the subsidies cut off.)

    37. Re:Something for nothing by Anonymous Coward · · Score: 0

      Lol

    38. Re:Something for nothing by SlaveToTheGrind · · Score: 1

      entirely vapidand . . . you seem to be confusing worth socialism . . . you can do much better than am augment

      Definitely the most cogent thing you've said in this exchange. Maybe drinking and posting is your sweet spot -- debate certainly isn't.

    39. Re:Something for nothing by serviscope_minor · · Score: 1

      right so when you start using the piss for someone using a phone keyboard, we both know you have conceded the argument. Thanks for playing, see you next argument.

      --
      SJW n. One who posts facts.
    40. Re:Something for nothing by Anonymous Coward · · Score: 0

      Your example of California is ridiculous.

      The State legislature has been controlled by Democrats for all but 2 of the last 59 years. Unless you're claiming all the university spending went away in CA in 1969-1970 (the last time the GOP controlled the legislature, which votes on the State budget) and the Dems were unable to use their complete control of the State for decades after that to counter-act it, you can't blame any public university budget problems in CA on the GOP.

      California's economic problems and poverty are the result of government-caused issues, despite the State's many natural advantages and longer term history.

    41. Re:Something for nothing by Anonymous Coward · · Score: 0

      Use credit cards wisely and don't spend money you don't have.

      If you don't want to spend money you don't have, the best way to do that is DON'T GET A CREDIT CARD. EVER.

      Don't gimme any of that "oh, but you build credit" bullshit, either. Pay your rent, your phone and your utilities in full and on time. That builds credit, too. You don't need a credit card to build credit. That's just stupid. I've never owned a credit card in my life and yet my credit is good enough to get approved without any problems whenever I apply for a lease.

      Oh, but what about online shopping? Prepaid credit cards. There you go. They don't let you spend more than you have loaded onto your balance. They get declined if you try. It's fucking amazing.

    42. Re:Something for nothing by Trailer+Trash · · Score: 1

      It's not for everybody, but he's dead set on getting an education without owing anybody anything.

      Who does he think pays for the military? I mean, I'm not criticizing his choice. It's valid and a good way to start a career but it's not somehow morally superior than paying for your own education even if you need student loans.

      He is paying for his own education. The military gives him a salary, and it's something he can do (as a reservist) during college. He just owes them 6 years of his life.

    43. Re:Something for nothing by Anonymous Coward · · Score: 0

      The problem is that everyone wants something for nothing. It doesn't exist. Socialism has been tried many times on many levels and it simply doesn't work.

      Works perfectly fine in the Nordic countries.

      This is where you chime in and say "they aren't really using socialism."
      Well, they are far left of anything that right wing Americans will outright call communism.
      Bernie Sanders is a right wing politician in comparison.

      If you don't think they are examples of working socialism then you shouldn't call anything in US politics for socialism.

    44. Re:Something for nothing by jeff4747 · · Score: 1

      Your example of California is ridiculous.

      The State legislature

      There's these people called "Governors". They get to veto a state budget, so they exert significant influence over what happens in that budget.

      Also, California has a robust proposition system where the voters themselves get to "pass laws". Proposition 13 crippled the state's ability to raise property taxes, creating a situation where spending cuts had to be made, even if they were not a good idea in the long run.

    45. Re:Something for nothing by Anonymous Coward · · Score: 0

      Tear up the roads of course, and bill the people; just like the greens are doing with our functioning electric grid. They are gleefully ripping out the largest sources of reliable clean energy, and replacing them with more fossil fuels and a bit of heavily subsidized and grid-destabilizing renewable noise, which is rarely coincident with demand. This conveniently raises prices and reduces demand, so it's win-win for fossil and anti-human interests. Those pushing an anti-nuclear agenda don't wan't abundant clean energy or the global prosperity it would enable; they want to depopulate the earth, and deceiving well meaning people is more politically expedient than genocide.

      (I have no idea if you are one of them; just highlighting another aspect of the escalating insanity today.)

    46. Re:Something for nothing by Anonymous Coward · · Score: 0

      You know your stupidity would be less glaring if you were not so obnoxious about it.

    47. Re:Something for nothing by Anonymous Coward · · Score: 0

      > For example, those of us who want single-payer medical care don't want "something for nothing". We believe medical care is so important that we all should all get it, and pay for it via taxes. Just like we all pay for the military, firefighters, police, roads and so on. As an added bonus, it costs less money than our current system.

      Funny - my premiums and out of pocket costs went UP thanks to Obamacare...

      > All it got California was the largest economy in the US, and created Silicon Valley. Not a bad deal.

      I'll beg to differ and state that California's economy is NOT due to some schools back then being free. More that their location being on the west coast and ample port space allowing Asia-Pacific imports to come in. Nice try though.

      Your options - seem nice and all. But how about some additional items:

      Option 3 - If you can't afford to have kids, don't. Don't have sex, either, since any form of sex, unless the woman has had a hysterectomy, can result in a child. Abortion is not an option here - why should the unborn pay for people's bad decisions?

      Option 4 - Workfare. Those getting government benefits (welfare, food stamps, etc) and are able-bodied, should have to work for it. Plenty of misc jobs out there - picking up trash in the park, etc, that can be done in exchange.

      An addendum to your option 2 - Personally, I'm not against health care for all. Obamacare isn't the way. The biggest issue with such is that there would need to be ways to insure that people don't experience the issues that are prevalent in other socialized health care systems - i.e. waiting, govt doesn't want to pay for something? they let you die, etc. And why should the economic field "tip back towards the workers?" Your comment about still being rich in Europe - you're aware that Socialism breeds even MORE corruption that Capitalism, right? And you wonder how people are still rich in socialist states.

      Lastly your option 1 - part of the issue here is your violent correction. Luckily for us, most liberals/socialists are anti-gun...as such, don't have many weapons. Ever notice how those Antifa cowards only operate in states/cities with heavy gun control laws? Let's see them come to Texas and assault a conservative on the streets. Hopefully we'd end up with less Antifa idiots that way.

    48. Re:Something for nothing by Anonymous Coward · · Score: 0

      as a note to my response above - medical care for all - so, someone who believes such, like you, should also believe that there needs to be population controls in place, too, then, right? To keep the costs from going crazy due to all the extra kids brought into the system that the taxes can't cover?

    49. Re:Something for nothing by jeff4747 · · Score: 1

      Funny - my premiums and out of pocket costs went UP thanks to Obamacare...

      Yeah, it was a really dumb idea for Democrats to pass a half-ass Republican health insurance reform plan and call it a health care plan. But Obama thought by proposing Bob Dole's reform plan he'd get some Republican votes.

      Now if Obamacare was actually single-payer, that concern might be important. But it isn't.

      I'll beg to differ and state that California's economy is NOT due to some schools back then being free. More that their location being on the west coast and ample port space allowing Asia-Pacific imports to come in. Nice try though.

      How, exactly, do you make the largest economy in the US by taking boxes off boats and sending those boxes to Utah? I really want you to try and explain this economic model.

      Also, we're not just talking about today. We're talking about, say, 1970. When CA already had the largest economy in the US, and a large number of highly-educated people concentrated around UC Berkeley, Stanford, UC Davis, and a few other smaller state schools and started working for the research arms of large companies like Xerox.....and then founding their own companies.

      Option 3 - If you can't afford to have kids, don't.

      And if you take a moment to pull your head out of your ass, you'd realize that people don't want kids for entertainment value. Making it financially impossible makes people unhappy. Unhappy people does not result in a stable political system.

      And, btw, those non-existent kids mean there's nobody available to care for your ass when it becomes ancient. Which means you have an extremely vested interest in other people having kids, even if you don't want them.

      Option 4 - Workfare. Those getting government benefits (welfare, food stamps, etc) and are able-bodied, should have to work for it

      Depending on the state, 65-85% of the people on government benefits already have a job. And a large percentage of those that don't have a job are disabled.

      See, it turns out when companies pay people shit wages, they can't afford to live on their income and they get government benefits. Wal-Mart receives massive subsidies in the form of food stamps for their employees. But they've done an excellent job convincing people as pliable as you that it's the problem of the workers, not the companies paying 1/2 the real wages they paid in 1965.

      The biggest issue with such is that there would need to be ways to insure that people don't experience the issues that are prevalent in other socialized health care systems - i.e. waiting, govt doesn't want to pay for something? they let you die, etc

      Ok, show that actually happening.

      The single-payer systems do not just let people die. But our private insurance companies do. And the only "waiting" is for procedures that can wait - you save a ton of money if the OR isn't left empty just in case someone wanted a hip replacement TODAY.

      Lastly your option 1 - part of the issue here is your violent correction. Luckily for us, most liberals/socialists are anti-gun...as such, don't have many weapons

      Awwww.....the redneck thinks revolutions never happen without people already owning massive weapon stockpiles. How cute!!

      Unfortunately for your naivete, that has never been the case in all of recorded history. The state and it's pets...er...allies such as yourself were always far more heavily armed.

      Let's see them come to Texas and assault a conservative on the streets

      Already happened. You tough guys fled back to Cracker Barrel.

    50. Re:Something for nothing by jeff4747 · · Score: 1

      To keep the costs from going crazy due to all the extra kids brought into the system that the taxes can't cover?

      The birth rate in Europe is about 1.8 children per woman. The birth rate you need to replace all the people who die in the previous generation is 2.1 per woman.

      Single payer healthcare does not cause people to have large numbers of children. In fact, the birth rate has dropped every place that has gotten greater access to medical care. Because the parents know the kids are likely to survive.

    51. Re:Something for nothing by drinkypoo · · Score: 1

      You can stop hiding the ball any time you're ready. What, exactly, is the One True Socialism(TM),

      No such thing. There are only people who claimed to want socialism when they actually wanted something else, and people who claimed to want socialism and then went on to implement socialist ideas instead of using the term to hide their actual behavior. And since you're using a list that doesn't even attempt to differentiate, you're doing it to hide something, too.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    52. Re:Something for nothing by Anonymous Coward · · Score: 0

      "For example, those of us who want single-payer medical care don't want "something for nothing". We believe medical care is so important that we all should all get it, and pay for it via taxes."

      And those of us who don't feel as you do should be able to go our own way. To opt out of those programs and not pay those taxes.

  32. Re:thanks slashdot by Rei · · Score: 4, Insightful

    You do realize that socialism is mainstream in Europe, right? I'm looking around and I don't see any gulags here.

    --
    I believe Bird-Person can arrange that.
  33. Re:Everyone knew the pump and dump was coming... by Hognoxious · · Score: 2, Interesting

    like how many in the past died due to socialism

    That's easy, it's none.

    Now with communism, you could argue that it's higher. Then again, was it communism or totalitarianism that caused the Ukrainian famines?

    --
    Confucius say, "Find worm in apple - bad. Find half a worm - worse."
  34. Actually not capitalism, but what's behind it. by Anonymous Coward · · Score: 0

    The problem is that people treat other people like shit, when communities where people are nice o each other can reap the benefits of teaming up. Giving us a disadvantage and resulting in suffering.

    My hypothesis is, that such people lack empathy for those they harm.
    And that this is simply because they are so far removed from them.
    E.g. I highly doubt that they would act that way, when they would risk being punched in the face, or stabbed in the forest, in a tribal village.
    And another thing is, that according to studies, westerners, and especially Americans, are far more selfish and seem to naturally lack empathy, similar to psychopaths. I even saw that in myself, when comparing me to immigrants from very backwater countries/towns.

    I do not know what caused the latter ... if it is the abuse of mind-altering (prescription) drugs, just a result of unnatural selection, or something the food/environment...

    But I do know the former is the result of overpopulation with regard to Dunbars number. Overpopulation naturally dehumanized people, because you simply cannot tell that many humans apart and get to know them to a point where you can feel empathy.

    I bet that even if we had no capitalism, people here would still be psycho dicks .

  35. A Matter of Degree by The+Snazster · · Score: 1

    The US has public roads, public parks, and public schools. China has private businesses and personal investments. Socialism versus capitalism is just a matter of degree. Humans aren't ants or amoebas and can't deal with extremes and absolutes and, in those cases where someone does manage to fully impose their ideals upon others, it can take generations for things to recover.

    1. Re:A Matter of Degree by Thelasko · · Score: 1

      The US has public roads, public parks, and public schools. China has private businesses and personal investments. Socialism versus capitalism is just a matter of degree.

      There isn't a truly capitalist country on earth.

      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
  36. Economy tied to Stock Market by Sir_Eptishous · · Score: 4, Insightful

    Once upon a time, most of the value of the American economy was from actual goods and services, and not so intrinsically tied to the stock market. Since about the late 1970s, the American economy has been tied to the stock market, which has engendered dangerous short term thinking.

    This, combined with the hollowing out of organized labor and the ever widening wealth disparity in the US has led to inevitable situation.

    What would anyone expect? A heart warming embrace of a system geared to enrich and empower those who are already rich and powerful?

    --
    We play the game with the bravery of being out of range
    1. Re:Economy tied to Stock Market by Lucas123 · · Score: 4, Insightful

      This.

      It's no longer just about the quality of the product you or whether your company grew. It's about meeting financial analysts' numbers. Meet them or risk having your stock sold off. And, now with new computer algorithms trading billions of share a day, millions a second, the market is more volatile than ever before.

      A butterfly flaps its wings in Bali and an EU company's stock plummets.

    2. Re:Economy tied to Stock Market by Nidi62 · · Score: 2

      This.

      It's no longer just about the quality of the product you or whether your company grew. It's about meeting financial analysts' numbers. Meet them or risk having your stock sold off. And, now with new computer algorithms trading billions of share a day, millions a second, the market is more volatile than ever before.

      A butterfly flaps its wings in Bali and an EU company's stock plummets.

      I am almost 31 years old. Between the income disparity and instability with tying American wealth to the stock market and the growing racial and political divides in the US I firmly believe that, barring some kind of systemic change, there will be open conflict or unrest on US soil in my lifetime.

      --
      The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
    3. Re:Economy tied to Stock Market by Anonymous Coward · · Score: 0

      actually prior to all the sec rules it was very volatile and manipulation was rampant

    4. Re:Economy tied to Stock Market by Anonymous Coward · · Score: 0

      And that's where these kids will lose: They'll be on the side without guns.

  37. Easy fix by Anonymous Coward · · Score: 0

    Get rid of the cronies and return to actual capitalism. That may require actual regulation, so Republicans won't let it happen.

  38. Your fault by sjbe · · Score: 2, Insightful

    We raised a generation of idiots.

    If you raised them and screwed it up then YOU are the idiot, not them.

    And apparently we didn't teach them history, like how many in the past died due to socialism

    You seriously think capitalism hasn't resulted in anyone dying? Evidently you didn't learn much history yourself.

    1. Re:Your fault by Jeremiah+Cornelius · · Score: 2, Insightful

      20% of the population of the Korean Peninsula was killed by the US lead "police action", between 1950-53, alone. This is a median number close to three million innocent men, women and children. During this period, close to 100% of rural villages were obliterated by US and allied airpower assaults.

      If one is to asses the victims of capitalism, events like this - and the number of CIA operations to destabilize and topple independent nations like Iran and Guatemala, must be considered rationally, without recourse to political advocacy or aligned position.

      --
      "Flyin' in just a sweet place,
      Never been known to fail..."
    2. Re:Your fault by DaveV1.0 · · Score: 5, Informative

      I think you mean the US lead protection of the legally elected South Korean government from violent socialists of North Korean after North Korea, with support from the socialists of China and the USSR, invaded South Korea on 25 June 1950.

      Learn fucking history and stop blaming the U.S. for shit socialists did, asshole.

      --
      There is no "-1 offended" or "-1 you don't agree with me" mod options for a reason.
    3. Re:Your fault by lgw · · Score: 0

      Communism killed over 160 million people in the 20th century.

      Capitalism may have killed a few hundred milli-Hitlers along the way, and that's regrettable, but Communism is up over 20 Hitlers. (And like the tesla or the henry, whenever you're dealing in whole multiples of these units, be terrified.)

      --
      Socialism: a lie told by totalitarians and believed by fools.
    4. Re:Your fault by Scroatzilla · · Score: 1

      The leading cause of death is birth. That said, I'd rather die of free-market causes, not for disagreeing with a despot.

    5. Re:Your fault by Anonymous Coward · · Score: 0

      Do you really believe that had anything to do with capitalism, or are you just fitting it in so you can shore up your weak talking points?

    6. Re: Your fault by c6gunner · · Score: 1

      must be considered rationally, without recourse to political advocacy or aligned position.

      And yet your entire argument is irrational, motivated by an inherently political desire to blame capitalism for deaths in a war started and encouraged by communists. It also conveniently leaves out the millions who have died in North Korea after the war while their neighbours to the South prospered.

    7. Re:Your fault by Anonymous Coward · · Score: 0

      Korea got royally fucked by both the Capitalists and the Communists. Instead of being returned to an independent state immediately after the war, both sides of the emerging cold war installed puppet governments. While Rhee was elected it was only by a constitutional assembly, and he was essentially put in a position to gain that position by the US Military, over the objections of the US State Department. Over the next couple years his primary competitors for leadership were assassinated. While the North definitely started the all out war the South had been busy murdering people and picking fights along the border for quite some time. Assigning blame there is a bit like my trying to decide which of my children needs punished for starting a physical fight when they've been harassing each other all day.

      Sure, the US doesn't deserve all the blame for the millions of casualties, but neither does the communist countries. Both sides should have fucked right off after removing whatever Japanese forces were present.

    8. Re:Your fault by Anonymous Coward · · Score: 0

      Thank you, so much ignorance on this site its really scary.

    9. Re:Your fault by tbannist · · Score: 1

      Funny, I'm not sure I care that much about whether the free market kills, socialism kills me, or a despot kills me. In all three cases I'm dead and my preferences don't much matter.

      However, I would prefer to live in a liberal democracy with free markets than have to take up arms against a despot and live in a war zone. Somewhere in between those extremes is the point where I start killing people who won't let me live the way I want to.

      --
      Fanatically anti-fanatical
    10. Re:Your fault by angel'o'sphere · · Score: 1

      There was no 'south korea' at that time. And the korean government was not legaly elected. It was a military dictatorship.
      The americans (and france) supressed any attempt of uprising or 'democratic reform' and/or attempt to overthrow/replace the government, which led to a communist revolution in the north, supported by communist China ... Go figure.

      Btw: exact same thing happended in Vietnam, or in Cuba.

      --
      Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
    11. Re:Your fault by Jeremiah+Cornelius · · Score: 1

      Thanks for bringing up Hitler. I advance the proposition that his tally can be clearly added to the "Capitalist" column of body count, on the same basis that one could attribute that of Stalin to "Socialist".

      Hitler had the absolute backing of corporate capitalist and banking interests throughout the rise of his leadership, from his ascendancy in the Reichstag, until capitulation and surrender in 1944.

      Also, add African slavery, American native genocide and the colonial enslavements by Portugal and Spain as enterprises of capital that exterminated countless millions, with casual indifference, even celebration.

      --
      "Flyin' in just a sweet place,
      Never been known to fail..."
    12. Re:Your fault by JackieBrown · · Score: 1

      Really - if that's the example he led with, he kind of makes the point for us.

    13. Re:Your fault by Jeremiah+Cornelius · · Score: 1

      from his ascendancy in the Reichstag, until capitulation and surrender in 1944.

      1945, obvs.

      --
      "Flyin' in just a sweet place,
      Never been known to fail..."
    14. Re: Your fault by Anonymous Coward · · Score: 0

      Air pollution caused by runaway late stage capitalism now accounts for 1 in 8 deaths worldwide.

    15. Re:Your fault by lgw · · Score: 0

      Hitler had the absolute backing of corporate capitalist and banking interests throughout the rise of his leadership

      They all said so, and loudly, so it must be true!

      Keep inventing reasons for unrelated genocides to be "capitalism" if it makes you happy, but you'll never match the death toll of Communism.

      --
      Socialism: a lie told by totalitarians and believed by fools.
    16. Re: Your fault by Anonymous Coward · · Score: 0

      Yes shocking indeed. They must teach some reallly fucked up version of history to kids these days....i can only conclude.

    17. Re:Your fault by kaatochacha · · Score: 1

      I just finished reading "The Coldest Winter: America and the Korean War" by David Halberstam. You should, perhaps, take a stab at it. It was essentially North Korean pigheadedness, allowed by Russian handlers, that started it all. They were anything BUT Capitalists. The Chinese getting involved was just territorial leftover from the recently ended Chinese Civil War and stupid overreach by MacArthur.

    18. Re:Your fault by Anonymous Coward · · Score: 0

      s/social/commun

    19. Re:Your fault by Anonymous Coward · · Score: 0

      Learn fucking history

      That's the tricky bit isn't it. Who's version do you believe?

    20. Re:Your fault by kaatochacha · · Score: 1

      "Assigning blame there is a bit like my trying to decide which of my children needs punished for starting a physical fight when they've been harassing each other all day." Yeah, um, no. If one kid is busy poking the other, and the other steals his bike and hits him with a brick, we're gonna blame the brick kid. Pretending like US imperialism started that is disingenuous. If the North hadn't invaded, things would have stayed at the 38th and all those people would have survived.
      Your'e being revisionist, and you know it.
      In other words THE COMMUNISTS ARE TO BLAME.

       

    21. Re:Your fault by kaatochacha · · Score: 1

      The north was more a Soviet Russia puppet state than a Chinese one, though Kim did get his start in china. While many North Korean soldiers were trained fighting in the Chinese civil war, the leadership of Kim was primarily supplied by Russia.
      Per Wikipedia:

      "Kim arrived in the Korean port of Wonsan on 19 September 1945 after 26 years in exile.[29]:51 According to Leonid Vassin, an officer with the Soviet MVD, Kim was essentially "created from zero". For one, his Korean was marginal at best; he had only had eight years of formal education, all of it in Chinese. He needed considerable coaching to read a speech (which the MVD prepared for him) at a Communist Party congress three days after he arrived.[8]:50

      In December 1945, the Soviets installed Kim as chairman of the North Korean branch of the Korean Communist Party.[29]:56 Originally, the Soviets preferred Cho Man-sik to lead a popular front government, but Cho refused to support a UN-backed trusteeship and clashed with Kim.[34] General Terentii Shtykov who led the Soviet occupation of northern Korea, supported Kim over Pak Hon-yong to lead the Provisional People's Committee for North Korea on 8 February 1946.[35] As chairman of the committee, Kim was "the top Korean administrative leader in the North," though he was still de facto subordinate to General Shtykov until the Chinese intervention in the Korean War.[33][29]:56[35]

      To solidify his control, Kim established the Korean People's Army (KPA), aligned with the Communist Party, and he recruited a cadre of guerrillas and former soldiers who had gained combat experience in battles against the Japanese and later against Nationalist Chinese troops.[36] Using Soviet advisers and equipment, Kim constructed a large army skilled in infiltration tactics and guerrilla warfare. Prior to Kim's invasion of the South in 1950, which triggered the Korean War, Joseph Stalin equipped the KPA with modern, Soviet-built medium tanks, trucks, artillery, and small arms. Kim also formed an air force, equipped at first with Soviet-built propeller-driven fighters and attack aircraft. Later, North Korean pilot candidates were sent to the Soviet Union and China to train in MiG-15 jet aircraft at secret bases.[37]"

    22. Re: Your fault by Anonymous Coward · · Score: 0

      America killed more Koreans in just a few years than three generations of Kims.

    23. Re:Your fault by Jeremiah+Cornelius · · Score: 1

      OK. Apologize for genocidal destruction and Nuremberg-level war crime by "who started it" and political positions. It's a real good look.

      --
      "Flyin' in just a sweet place,
      Never been known to fail..."
    24. Re:Your fault by Anonymous Coward · · Score: 0

      Another lying righ t wing scumbag trying to paint the Nazis as left wing when everyone with a brain sees the right wing bigotry and racism on the rise again, with Nazis ideals.

    25. Re:Your fault by Anonymous Coward · · Score: 0

      > Learn fucking history and stop blaming the U.S. for shit dictators did, asshole.

      FTFY

    26. Re:Your fault by dcw3 · · Score: 1

      FWIW, I spent six years working with the military to help defend the ROK. You sir, know jack about Korean history.

      --
      Just another day in Paradise
    27. Re:Your fault by Anonymous Coward · · Score: 0

      Go back and read the history if you need to. There were already 100k casualties in the southern/US controlled part of Korea before the war actually started. If the status quo had been maintained there is no reason to believe that the killing would have stopped. The leader that the US military decided to back unsurprisingly turned out to be an authoritarian who imprisoned and assassinated political rivals and dissenters. When the North did invade he had prisoners by the thousands executed. The only thing that likely kept the South from invading the North was that the US wasn't arming them as heavily as the communists were arming the North.

      If the US military had listened to the State department, which in theory is responsible for foreign relations, the South might have had a leader that would have attempted to reconcile the divisions in the country rather than inflame them. Sure, the communists invaded first and are possibly most to blame because of that, but it doesn't mean that the US doesn't share a large part of the blame.

    28. Re:Your fault by Anonymous Coward · · Score: 0

      Actually, no. Korea was supposed to be united under one government and the United States prevented that because it was likely to be united under a government friendly to the Soviet Union and Communist China. North Korea invaded and the United Nations intervened, lead by the United States, to prevent it from uniting the country by force. It really had nothing to do with either socialism or capitalism, it was a traditional major power conflict for influence like the Crimean War. Capitalism and socialism were just part of the propaganda war.

      As for the "legally elected" government of South Korea, that is a bit misleading. The government was elected, but then so was the government of the Soviet Union and most of its "republics". The South Korean government was, in fact, imposed by the United States which had made most opposition "illegal".

      While China and the Soviet Union no doubt supported the north neither were actively involved until US troops approached the Chinese border. The Chinese considered the refusal of the United States to limit its advance as a military threat and sent troops to successfully push the US troops out of North Korea.

      So learn some real history instead of learning propaganda.

    29. Re:Your fault by Anonymous Coward · · Score: 0

      Your history is incorrect. You could learn a lot from the GP, you have been spoonfed laughably obvious propaganda, and you savor it like opium. You really should come live in reality with the rest of us, and not in the fantasyland that Fox News and Alex Jones creates for you.

    30. Re:Your fault by Jeremiah+Cornelius · · Score: 1

      If I work on an oil rig, after six years do I automatically know fuck-all about the Getty fortune and the family influence on politics and economics?

      --
      "Flyin' in just a sweet place,
      Never been known to fail..."
    31. Re:Your fault by Jeremiah+Cornelius · · Score: 1

      Did the occupying legions of Rome know shit about Cumberland, as they "Defended" Britain at Hadrian's wall?

      I could go on with appropriate analogies, but I see self-reflection is not among the virtues you revere.

      --
      "Flyin' in just a sweet place,
      Never been known to fail..."
  39. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 5, Interesting

    .....or maybe there's a generation of people who don't blindly accept what they're told and question things, apply logic/reason, and think objectively.

    It's quite obvious that most core ideas underlying (free market) capitalism also fail, just like socialism has in the past. That's why over the years, governments and their people stepped in to make modifications (e.g., welfare capitalism). Many existing models have pretty huge flaws. Take the US for example where capital accumulation continues indefinitely leading to higher and higher concentrations of wealth. One obvious issue here is this then shifts social power to the wealthy through governmental manipulation.

    While it's true most modern day capitalistic economics work better than other models we've seen in the past, that doesn't mean it will continue indefinitely and it certainly doesn't mean we have the "be-all-end-all-model." Thinking we do is both ignorant and arrogant.

    We also need to revisit the social contract as to what a society expects by agreeing to fall into a governmental system. It's quite obvious people aren't happy with the current social contract because most citizens are falling further and further into losing their half, so to speak. As such. they're rightfully upset. Now, we can both agree socialism isn't the answer but our current frame of capitalism isn't the answer either and it needs some changes to give people what they rightfully deserve.

  40. Re:Everyone knew the pump and dump was coming... by AlexanKulbashian · · Score: 1

    You don't have to go back that far.. What about Perestroika in the late 80s.

  41. Re:Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 1

    then you have the young people who are well educated and not beholden to the whole idea of American Exceptionalism that has fostered an environment of never ending wars of conquest and profit for the last couple of decades.

    the old dinosaur thinking has gotten the US (and much of the west) into the current state it is - useful idiots and intelligence staff and politicians living in a bubble of unreality where their crimes are not only accepted - but promoted as good business.

  42. I'm not a "young" American nor versed in economics by TheDarkener · · Score: 1

    But I feel that capitalism works well for economy building. Once it's big, though, it's kind of run its course and needs to be modified to continue to satisfy the majority of CITIZENS (read: not "CONSUMERS"). I believe we're at that state right now.

    --
    It is pitch black. You are likely to be eaten by a grue.
  43. Heavy Reliance on mommy and daddy by AlexanKulbashian · · Score: 1

    Probably why a large chunk of this new generation of muppets still lives at home.

    1. Re:Heavy Reliance on mommy and daddy by sjames · · Score: 1

      More likely, it's because they can't afford a house even when they work harder than their parents did when they bought a house.

      At one time, a single income couple where the breadwinner held a blue collar job could buy a house in their 20's.

    2. Re:Heavy Reliance on mommy and daddy by Anonymous Coward · · Score: 0

      The problem with crony capitalism is you eventually run out of your parents money.

  44. Having someone else pay... by e_pluribus_funk · · Score: 1

    for the stuff you want is always an attractive idea.

    1. Re:Having someone else pay... by sjames · · Score: 1

      It certainly seems attractive to the 0.1% now.

  45. The Cult of Capitalism by Thelasko · · Score: 4, Interesting
    Capitalism really has a cult like following. It's not some magical thing that we should all worship. It's a tool! A very useful one too. I would call capitalism analogous to a hammer. Damn useful for a lot of things. However, it can't do everything.

    Capitalism is bad at:
    • High risk investing
    • Very long time horizons
    • Valuing some types of natural resources (more on this later)
    • Valuing human life

    No where on earth is there a purely capitalist society outside of complete anarchy (e.g. Somalia). Once a government is established, the first thing it does is socialize something: defense.

    Some other things most countries socialize:

    • police
    • roads
    • fire protection
    • education

    Education is a prime example of capitalism dealing poorly with long time horizons. If we took loans out to pay for our entire education, it would be 20 years before we could make the first payment. Most debt is expected to be paid off in less than 30 years.

    In terms of natural resources, the value placed on them is based on the labor required to extract them. However, air requires minimal labor to extract. You do it every time you breath. Because of this, we have subconsciously, and collectively agreed that no one owns the air. It is shared by all of us as a community. It's a communist system.

    In summary, capitalism is a tool in our economic system, that works along side socialism and communism to get resources to people that need them. The trick is choosing the correct tool for the task!

    --
    One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    1. Re:The Cult of Capitalism by roman_mir · · Score: 0

      What you postulate is simply false on every count. Capitalism is *dignity*, *freedom*, *individualism*.

      Capitalism is excellent at high risk investments, it is excellent at long time horizons, it is excellent at valuing natural resources and it is literally the best at valuing human life.

      The countries are wrong to socialize police, roads, fire protection education, etc.

      Education is an excellent example of capitalism dealing with long time horizons, that's because for risky investments in an actual capitalist system you would have to pay much higher interest rates than for less risky investments. This means that if you are educating yourself for a profession that is much more likely to provide a good return on this investment you would be paying a lower rate of interest and the number of payment failures would be much lower than for the types of education that will not result in a good return.

      Long term rates for long term education adjust in an actual free market. Worst case scenario you cannot get a loan at all, so you have to either collect the money before you start your education or ask somebody to help you out privately, which is exactly how capitalism should handle it.

      Natural resources are not at all based on the labour required to extract them, that's just the cost of production. Natural resources are based on the demand placed on the market and the available supply. Capitalism is the only form of resource allocation that actually works properly for natural resources, no amount of central (or any other kind of planning) can possibly provide resources at acceptable prices.

      In summary capitalism is the best system that emerged (we didn't 'invent' it) to allow the society to not only survive but also to live comfortably in this harsh world.

    2. Re:The Cult of Capitalism by Anonymous Coward · · Score: 0

      while you are certainly an expert on cults, roman - after all who better to tell us about cults than the member of one - damned near everything you just said is a lie. why do you keep sugar-coating your religion like this when you could just be upfront about it?

    3. Re:The Cult of Capitalism by sabbede · · Score: 1
      Capitalism isn't a tool of an economic system, it is an economic system. As is Socialism. Or more accurately, they are political economies - systems and structures for the flow and allocation of resources, goods, and services. Capitalist systems don't "socialize" anything, there are just services provided by government instead of private enterprise. Socialism isn't the government providing services, it's the government controlling the means of production. In order to do so, government also controls the allocation of resources and makes all political and economic decisions. So, where individuals live and work are determined not by the individual, but by a central authority. Because political and economic decisions are inherently connected, this also means the individual cannot be a political decision maker, thus Socialism and Democracy are inherently incompatible.

      The rise of Democratic Socialism in Europe kida muddied the waters a bit by expanding the goods and services provided by government within Capitalist systems and calling it Socialism. It isn't, it's just plain old Capitalism with the line dividing public and private goods redrawn a bit.

      Interestingly, America's Democratic Socialist Party, which split from it's European cousins for being too Capitalist, is just classical Socialism. No profit, no private enterprise, no individual political or economic power. The "funny" part is that Socialists should know their Marx, yet they seem to overlook his (arguably) most important insight - that political and economic systems are inseparable. Therefore, Democratic Socialism is an oxymoron.

    4. Re:The Cult of Capitalism by Anonymous Coward · · Score: 0

      No where on earth is there a purely capitalist society outside of complete anarchy (e.g. Somalia).

      There's a difference between anarchy and capitalism. Under anarchy, you own something only so long as you can defend it by force. Capitalism can exist only when property rights are enforced, so a capitalist can trade for and expect to continue to own and benefit from their capital.

      Of course, this requires a government to enforce property rights, with a socialised police force, so a pure capitalist system isn't practical. The best arguments for capitalism are empirical ones: efforts to realise a capitalist system have historically worked better than efforts to realise socialism.

      Capitalism is bad at:
              High risk investing
              Very long time horizons

      I disagree with both of these. Capitalism deals just fine with high-risk investing. Venture capitalists expect that most of their ventures will fail - only 10%, if that, will grow into viable businesses. They deal with this by investing in many, many ventures, so on average they make a positive return.

      Capitalism can also handle long timescales, under the right circumstances. A publicly-traded company tends to be under pressure to maximise quarterly profit statements, so it's focused on the short term - but private companies and individuals plan on timescales of decades. I've invested myself in a forestry company that expected to grow a plantation for twenty years before it harvested it and turned a profit. And when a student chooses their course of study on the basis of their expected career earnings, that's a capitalist making a decision for a fifty-year timescale.

      I generally agree on your other points: defence, roads, fire protection etc. are all sectors of the economy that are socialised in most countries.

    5. Re:The Cult of Capitalism by Anonymous Coward · · Score: 0

      Capitalism requires defense of property rights. Somalia doesn't do this and thus isn't capitalist.

  46. I always find it funny... by Anonymous Coward · · Score: 1

    ...when people that never lived under socialist or communist regime start to talk how bad capitalism is and if one would implement socialism everything would be OK - we would live in harmony, almost in paradise.

    I was born in 81 in one of the countries of the ex Soviet block. And I can not tell you how happy I am that my children were born in capitalist country. Because they will never know how it is when you can not buy food even when you have money. Because there neighbor will not disappear in the middle of the night because he told the wrong joke.

    Americans of today are spoliled beyond anything one could imagine and would like to have everything for free - because it is there right.

    But I can tell you one thing, back in 91 at 10 years of age everyone in my class was in the same position to make or build something. At that time I could tell you who will grow up to be successful and who would be a failure.

  47. No kidding. by Anonymous Coward · · Score: 0

    America died in 1965, do your research. Are 51% of young Americans even white?

    1. Re:No kidding. by Anonymous Coward · · Score: 0

      Indeed. Hart-Celler will be our obituary.

  48. It begins at home. by Anonymous Coward · · Score: 0

    The problem is that family life as a kid is basically socialism, so you learn to love socialism.

    You get an allowance, cloths, food, a roof over your head, etc. You don't learn capitalism by being a child.

    You learn capitalism, by having to work, and apparently half our youth don't like working.

    1. Re:It begins at home. by HornWumpus · · Score: 1

      Dad: Just one more thing before you can go out with your friends. Paint the house.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
  49. Re:Everyone knew the pump and dump was coming... by Bodhammer · · Score: 1
    --
    "I say we take off, nuke the site from orbit. It's the only way to be sure."
  50. Agree 100% by Anonymous Coward · · Score: 0

    The system we have now is really corporatism

    Exactly. Capitalism implies the abscence of government interference in the market, not the presence of it. We are talking about the largest, most powerful, most expensive government in human history, with military bases in some 150 countries around the world. In other words, we aren't just talking about "big" government; we're talking about gigantic government, which is 180 degrees opposite from the spirit of capitalism.

    1. Re:Agree 100% by HornWumpus · · Score: 1

      Read 'Wealth of Nations'.

      It will help you to not be so stupidly wrong. Parent should be embarrassed by that post.

      --
      John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
  51. Re:Everyone knew the pump and dump was coming... by sinij · · Score: 5, Insightful

    More accurately stated, young people are not positive about how Capitalism is practiced in America.

    You are quick to blame people without closely examining how corrupt and rotten the system become. From debtor's prison of student loans, to bank bailouts, to suppression of tech wages by no-poaching agreements and H1Bs, there is plenty reasons to be skeptical.

    As to idealized version of Capitalism, that would be great, but what country has it implemented?

  52. Re:Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Yes, and those idiot kids gave us 4 apologists for chrony capitalism as candidates for the Presidency and vice Presidency, and then chose the worst of a bad lot.

    So yeah, Socialism is looking pretty good to the younger generations who will be cleaning up whatever is left after the Boomers.

  53. Re:Ignorance by jythie · · Score: 1

    Ahm.. you do realize that their preferences lay in joining the rest of the industrialized world in its economic structure, right?

    I am always amazed at how people fetishize and seem so proud of their own ignorance, clinging to rose tinted versions of some imaginary past and ignoring the lessons every other 1st world country has learned from and incorporated.

  54. Re:Everyone knew the pump and dump was coming... by quantaman · · Score: 2, Informative

    We raised a generation of idiots.

    We started by breeding the compettion out of them all....that "everyone is a winner" bullshit, with you get a trophy just for processing oxygen.

    And apparently we didn't teach them history, like how many in the past died due to socialism, nor did we teach them civics on how govt should work and their part in it...etc.

    Well, its been a good run till now....just hope this crap doesn't come to pass till I'm well dead and underground, so that it doesn't affect my quality of life I and my peers worked hard for....

    Or it could just be that when they say "socialism" they actually mean "I want a more progressive tax system, slightly more government regulation of business, and public healthcare, ie, Northern Europe".

    One of the things that changes between generations is what they think a label actually means.

    --
    I stole this Sig
  55. Re: Everyone knew the pump and dump was coming... by UnknowingFool · · Score: 1

    So in your definition of socialism==communism even though they aren't the same thing? For instance, Sweden, Norway, and Finland are definitely socialist countries. I wouldn't call them communist.

    But in your listing of deaths due to socialism did you list all the deaths due to capitalism which was my point?

    --
    Well, there's spam egg sausage and spam, that's not got much spam in it.
  56. This article is dishonest by Anonymous Coward · · Score: 0

    If you look at the actual data, most Americans are still in favor of capitalism and opposed to socialism. Especially amongst Republicans and the older populations. It makes sense - as you get older, you get wiser and more experienced. Our education system is certainly failing young minds across the country, which is likely to be the most prevalent force in why young people are more sympathetic to socialism, but as you get your first job and start working and saving you're usually going to become more conservative.

    CNBC is being very selective in which piece of the data it is publishing about because it has an agenda.

  57. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Who died as a result of capitalism in and of itself? Sure, some starve when they can't afford food, but that wasn't introduced by capitalism, and when compared against parallel socialist economies, the socialists starved the most.

  58. Comment removed by account_deleted · · Score: 4, Insightful

    Comment removed based on user account deletion

  59. Re: Everyone knew the pump and dump was coming... by SirSlud · · Score: 1

    Excellent summary for the historically impaired.

    --
    "Old man yells at systemd"
  60. Re:Everyone knew the pump and dump was coming... by Sarten-X · · Score: 4, Interesting

    Eh.... I'm very curious as to precisely how the poll was conducted. This is one of those things where the precise wording is important, and the subject is vulnerable to a lot of bias.

    As an example, I will use my own views. I'm well aware of how poorly socialism has fared historically, but I'm also aware of how the implementation of socialist ideals has always been hindered by human corruption and greed, just as those same vices have caused inequality and suffering in capitalist societies. If I were asked whether I'd want to live under a socialist government, my response would be a resounding "no".

    However, if asked whether I would be in favor of socialism as a legislative doctrine, I would have to answer "yes". I have seen significant evidence that governmental structure can actually run social services decently, if the human corruption can be adequately checked in the system design. Philosophically, I believe that we as a society should work to support the whole society, rather than seeking personal hegemony.

    To borrow a phrase, capitalism is the worst system, except for everything else we've tried. There are certainly some good ideas in socialist systems, but they rely on an awful lot of trust. Capitalism assumes no trust, but brings its own collection of faults. I think an ideal system would draw on both ideologies (and others), with careful thought toward how the system can be exploited in the future.

    One way that balance can be acheived is by using technology to monitor and control governmental services, filling the role that bureaucracy does today. It is much easier to design a "fair" computer than it is to ask a human to be "fair", because it's relatively straightforward to have computers explicitly ignore certain input.

    That means we need to educate our children not just on civics, but on security, philosophy, history, and technology, as well.... We're doomed.

    --
    You do not have a moral or legal right to do absolutely anything you want.
  61. Re:thanks slashdot by Trailer+Trash · · Score: 1

    You do realize that socialism is mainstream in Europe, right? I'm looking around and I don't see any gulags here.

    Yeah, paid for with capitalism. The issue is that when people say "we like socialism *instead of* capitalism" something's not right.

  62. Re:Everyone knew the pump and dump was coming... by HornWumpus · · Score: 0

    Now the you've gotten 'no true scotsman' out ot the way, can you fucking drop it now?

    BTW It was _Marxism_ that caused the Ukrainian famines. Totalitarianism is built right into Marxism. Marxists don't believe that, but they are morons.

    We can talk about mixed mode economies with their 'socialism', but anything remotely Marxist is right out. If you want to ban private ownership of the means of production, fuckoff!

    --
    John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
  63. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Kudos to seeing that current education in public schools is failing children.

  64. Re: thanks slashdot by UnknowingFool · · Score: 4, Funny

    Shhhh. It's a secret to keep those dirty Americans from moving to Europe.

    "Socialism is terrible. Nothing to see here. Move along. These aren't the droids you are looking for."

    --
    Well, there's spam egg sausage and spam, that's not got much spam in it.
  65. Re: Everyone knew the pump and dump was coming... by MightyYar · · Score: 4, Insightful

    Also what is your definition of socialism?

    That's one part of a two-part problem. The first part is that there is a concerted marketing effort by a large chunk of progressives to redefine "social democrat" to simply "socialist". I think this may be some kind of political Darwinism as people try to emulate the stadium-filling success of Bernie Sanders by cargo-culting his misuse of the word "socialism".

    Then on the other side you have people who know that their ideological opponents are misusing the term, but pretend that they are in fact referring to centralized control over production. So the resulting criticism is not about Denmark, but rather Venezuela. I suspect they are doing this because it makes their opponents an easy target.

    So here we are with a discussion overwhelmingly dominated by people making dishonest arguments, and apparently we've done such a poor job educating our young people that many of them are oblivious to the total sham of a discussion going on.

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  66. It makes me wonder by Tsolias · · Score: 1

    why the hell people don't want capitalism, yet they risk their lives to travel and live in a capitalist country.

  67. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    The USSR and China were both socialist by definition. Today very few socialist countries remain, and none are what you'd call first world. Nordic countries are not socialist, they're welfare states. Communism has only existed for very brief periods of time, less than a decade span, and it never scales high enough to be considered successful. By design, communism can not scale.

  68. Re:Everyone knew the pump and dump was coming... by Lucas123 · · Score: 1

    They don't even understand it's not true socialism. It's democratic socialism that younglings are referring to when they cite European nations.

  69. Re: thanks slashdot by Anonymous Coward · · Score: 0

    soviet bloc --> communism. western europe --> socialism.

  70. Re:thanks slashdot by MightyYar · · Score: 1
    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  71. Re:thanks slashdot by HornWumpus · · Score: 1

    Define socialism, because no, it's not, unless you are accept the redneck definition, which is just 'anything I don't like' (just like the hippie definition of fascism).

    Being more precise in language: Marxism, with it's ban on private ownership of means of production isn't active anywhere in Europe. Europe is full of capitalist welfare states.

    Marxism is irretrievably broken. It had the 20th century to work. Killed more people than religion has, and religion had eons longer to do it.

    --
    John McAfee 'It was like that time I hired that Bangkok prostitute; to do my taxes, while I fucked my accountant'
  72. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 2, Insightful

    Also what is your definition of socialism?

    Socialism: Government ownership of the means of production.

    That is what "socialism" means. That is the only thing it means. It has been tried many times, and has never worked well.

    But when "young people" say they like socialism, that is NOT what they mean. They mean we should be like Denmark.

    The problem is that Denmark is a capitalist country. In many ways they are more capitalist than America. Even their post office is privatized. They rate higher than America on the ease of doing business index.

    They have fairly generous tax payer funded social benefits, but so does Greece. Nobody talks about the "Greek Model", but it is basically the same as the "Danish Model" except Greece is populated by Greeks instead of Danes. The "Danish Model" doesn't transplant well. It didn't work in Greece, and it didn't work in Detroit either.

    When young people say they want socialism, they really mean they want someone else to pay off their student loans.

  73. Black and White or Grey? by Anonymous Coward · · Score: 0

    So many people believe that the answer is 100% capitalism or socialism. The reality is that some things work better privatized while others work better socialized.

    For instance, Ayn Rand believed that all roads should be toll roads:

    https://en.wikipedia.org/wiki/Free-market_roads

    Fire departments would let houses burn if people failed to pay for their protection:

    http://www.nbcnews.com/id/39516346/ns/us_news-life/t/no-pay-no-spray-firefighters-let-home-burn/

    Charter schools utterly failed in Michigan:

    https://www.nytimes.com/2017/09/05/magazine/michigan-gambled-on-charter-schools-its-children-lost.html

    All of these services are "loss leaders". They are not profitable, but necessary for the smooth functioning of commerce and profitable endeavors. They simply fail to work well as for-profit endeavors.

    On the other hand, Venezuela socialized everything and has managed to collapse their economy. The same situation occurred in the USSR and Cuba. China became a hybrid system and survived. Clearly 100% socialism doesn't work either.

    The reality is that we already benefit from services which are best served by government (roads, environment, military, police, fire), while a few services are in dispute (education, healthcare).

    There will always be morons that blame the public education system for all the problems of society, claiming that students aren't educated, yet don't deserve a chance to study for a career in college without significant debt. These same people also fail to recognize that the majority of the student debt crisis was caused by private for-profit colleges. These people are not at school board meetings, nor ever volunteer in the classroom.

    Successful socialized healthcare examples abound in many western countries, but it would be a sin in the United States to deprive the drug and insurance companies of profits large enough to bankrupt most citizens. Let's make our senior citizens choose between food and medicine.

    The bottom line is that older people still think that we are fighting a cold war with the commies. Younger people have a more nuanced point of view brought about by actual thinking. Good for them. There may be hope for the future after all.

  74. why are you suprised?? by Anonymous Coward · · Score: 0

    In california, kids are so focused on making money to survive, to save their families, to secure their future, since it has become disproportionately cluster-f*k*ed out there..
    Be that as it may, with that in mind, how can they stop and smell the roses of Capitalism, much less comprehend the the reasoning behind it, understanding what it's really for..

    It's amazing that california still has a school system, considering kids need to be working to help the family keep a roof over their heads. I mean Doesn't education, even poor education just seem to take up some much time, resulting in the loss of productivity.

    Everybody just take from the cup of Gingis Khan.

  75. Re:thanks slashdot by Anonymous Coward · · Score: 0

    I'm looking around and I don't see any gulags here.

    Another thing you won't see is a lot of military. Someone else has been paying for your defense — keeping you safe and carefree while you feather your nest.

    That part is coming to an end.

  76. Re: Everyone knew the pump and dump was coming... by cayenne8 · · Score: 1, Insightful

    So the resulting criticism is not about Denmark, but rather Venezuela.

    I don't want to do the Denmark model either...I don't wanna pay well over half my income to the govt, for them to redistribute.

    I pay at least about 33% as it is, I don't feel like I should be forced to give even more.

    --
    Light travels faster than sound. This is why some people appear bright until you hear them speak.........
  77. Horny Wuss has no idea what Marxism refers to by Anonymous Coward · · Score: 0

    They do capitalism with some social institutions and Horny Wuss loses his jaw-lock on Putin's cock, has to whine about it reflexively. What an old turd lol.

  78. Re:thanks slashdot by Anonymous Coward · · Score: 0

    It's so mainstream that what's called socialism here is called democracy or social democracy(?) there.
    Russian trolls like to talk about what they have. Which is more or less what they have now except with consumer product diversity. I guess full shelves at the store and brand name legos are enough to make living tolerable under a mafia state.
    I always wonder what their end game is promoting american corruption. Sure if our influence recedes they can extend their reach but being a corrupt power is the geopolitical niche they survive in and there won't be room for a much weaker russia there if we descend into gangsterdom.

  79. Re:thanks slashdot by Anonymous Coward · · Score: 0

    Meanwhile, nobody can count the victims of capitalism because they were all socialized.

  80. Re:Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    I'm intrigued and interested in subscribing to your newsletter. I'm sad to hear that many people died in the US due to socialism and hope that President Donald Trump and his followers can teach my children civics on how govt should work.

  81. Re:Ignorance by SirAstral · · Score: 1, Troll

    I don't think you realized that I just trash talked that notion of "joining the rest of the industrialized world". America Lead the world in the industrial revolution even though it started in England. The desire to "be like the rest of world" is the problem here. Our government was setup by the founding fathers to explicitly be unlike the rest of the world for a reason and folks like you not only do not understand that or why and instead keep picking on the minority as you usually do. Loot at the economic deficit those industrialized worlds have now. How do you expect anyone with any real knowledge and information to take your argument seriously? To be a leader means leading, not joining the rest of the world, but that appears to be lost on you.

    Talk about being amazed... maybe you should check the mirror some time. You are wearing the rose tinted glasses, and tell me exactly what lessons these countries learned? Case to put anything other than nebulous prattle in words? Afraid they will be debunked? All you have are rose colored ideas that do not bear out in reality, just like every other socialism communist state like Old Russia, Venezuela, Argentina, and lets not forget Greece... the list is quite long!

    This video below is making direct fun of folks like YOU!
    https://www.youtube.com/watch?...

    Tell me jythie, who is going to bail you out when this fails after you have "joined the rest of the broke as world with broke economies!"

  82. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    It was the fascistic totalitarianism known as bolshevism achieved by the way of deluding ignorant masses trough the leftist delusional communist and socialist ideologies.

  83. There are two reasons for this by Anonymous Coward · · Score: 0

    1) Poverty inclines people to prefer socialism. The impoverished tend to think of socialism as a way they can make those rich people give them free money. And of course they think this is fair, since "those rich people" obviously have more than they need or deserve, and "we poor people" need it to survive and be happy.

    2) Public schools have a strong liberal political disposition. I don't know if this was always true, but it is now. The overwhelming majority of public school teachers are not just liberals, but extreme liberals, which naturally inclines them to favor socialist policies and slant everything they teach in that direction. The fact that teachers are well paid by property taxes, a socialist policy, might have something to do with this.

    1. Re:There are two reasons for this by Anonymous Coward · · Score: 0

      As someone who's been poor and is now rich by any measure, I have long favored, at base, regulated capitalism that stopped the middle-class-destroying race-to-the-bottom economics of Walmart and Amazon. By any account, I *do* have more than I deserve - and since Reagan, I've watched my income rise and tax at various income levels drop.

      Am I happy about it? No.

      Sure, I'm richer. But I've seen what has happened to much of the rest of the country. We've gutted care for young children. We've gutted school funding. We've gutted any number of programs which benefit the average working family, and money now basically flows upward to the rich (e.g., business owners and stockholders).

      If I had the 'fuck you, I've got mine' attitude you've espoused, I'd be fine.

      But I don't have that attitude. While I don't like paying taxes, I recognize that they're the price to pay for a civilized and stable society, and regulation is the price of keeping capitalism from turning into a Hobbesian nightmare war of all against all.

      And I didn't learn this in some liberal school. I learned it via the school of hard knocks. Some people go through that school and decide, like you, that being a greedy, rapacious asshole will ensure your economic primacy. Other people learn compassion and recognize that the money they have is not deserved, and have a view that the common weal is something to be preserved, if only to keep society stable with the (reasonably) best life for the largest number of people. /

      Note that this doesn't mean absolute equality. Never gonna happen. But there should be a floor, an economic level beneath which a society as rich as ours should not allow anyone to sink. And if you argue that such a floor is unreasonable, welcome to much of the third world where there is no floor and it's possible to fall into extreme degradation and death with no recourse, no assistance, no help, just disregard from those better off than them. If you think that's OK, then, well, you really have completely ignored Enlightenment thinking from Rousseau and Montesquieu on.....

    2. Re:There are two reasons for this by Anonymous Coward · · Score: 0

      As someone who works in the public school system, I can vouch for this. I once walked into a class where the teacher was instructing the students on which recent presidents were good and which were bad. it was, literally: "Reagan was terrible, Carter was great, Bush Senior was Terrible, Clinton was great, Bush Junior was terrible, Obama was fantastic. Remember this for the test".

  84. ISM .vs. ISM - ENDS justify the MEANS by ElitistWhiner · · Score: 1

    Bankrupt.vs.Broke - in the first ism, the state collapsed broke under communism. In the latter ism, a population went broke under capitalism.

    51% of millennials see unimpeachable testimony to concentration of power, demographics of corruption and proof positive means how ISM politics ends.

    BUT 49% are smart enough to question to what ends adding another ISM means.

  85. No Shit Trainfaggot is an alt-nazi homo by Anonymous Coward · · Score: 0

    We know Train, he sucks Putin's dick here daily. He's full nazi tardo, he should hang next to Drumpf

  86. Re:Everyone knew the pump and dump was coming... by Austerity+Empowers · · Score: 3, Interesting

    Competition is a powerful tool, but it requires a referee, and intelligent rules that ensures that competition continues, and that once you have a "winner", another contender can emerge and eat his lunch if he's sleeping. In many cases, we don't have that. Also, unlike sports, you have to consider the well being of the loser, which is where a government focused entirely on capitalism falls short. You want people to play the game, to play hard and ensure there's something to "win", but you don't want your losers to fall out and give up (or just plain die, when applied to real life). You need a safety net.

    Young people are perhaps overreacting to the negative realities of capitalism. It is not a perfect system, it has many faults, as does socialism, as does a command economy. The overreaction is in part due to the fact that the US has reached a plateau, that geopolitics is not favoring us significantly and there is a lot less to go around, but also in part to the hard right turn reflected in both parties. We are seeing some facets of socialism that we have had for a long time, that were working amazingly well, get defunded and brutalized for an agenda that doesn't really make any sense. We're also seeing the government move away from the safety net idea that was going to enable us to be competitive globally, shoring up the weaknesses of capitalism, in favor of some very naive and misguided libertarian principles, all while ignoring the very real reality of a global economy, that will succeed no matter what we do.

    I don't know what economics courses you took, but when I read about the ISMs, I didn't hear "this is the best and clear winner". What I heard is here is what it does well, here is what it does poorly. Even command economies have strength: no other ism can move and adapt as quickly, no other ism CAN be as skillfully manipulated for a purpose. But of course, the weaknesses are tremendous. It's important to understand these shades, China manipulates all of the isms masterfully, at least in comparison to literally everyone else.

  87. Re: Everyone knew the pump and dump was coming... by MightyMartian · · Score: 4, Insightful

    Exactly. It's more a question of redistribution. I don't think many progressives (however that is defined) want a state-run economy, which really is what socialism, at least as it is traditionally defined, is about. It's been useful for conservatives and libertarians to define progressive economic ideas which are fundamentally redistributive as somehow Marxian, but they're really not.

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  88. Re:thanks slashdot by Oswald+McWeany · · Score: 4, Informative

    What's the difference?

    Communism: technically the government runs everything. Very autocratic- usually one party. People are responsible to the government (not the other way around). No private ownership.

    Socialism: democratic- government answers to people and human rights valued.. Some private ownership but for things that are intended for the good of the public there is public ownership (such as mass transit, healthcare, public education). Socialist states try to "even out" wealth by placing progressive taxes on higher earners and taxing poorer people less. The goal is to be as egalitarian as possible and for the common man to have ownership of his future. Society protected from abuses by industry through regulation. (such as dangerous materials banned from food)

    Capitalism: usually democratic but under a pure capitalistic society the democratic vote is skewed because only the rich can afford to run and get their name out. Very little public ownership to none- most things, like education, transit, healthcare privatized. Little to no redistribution of wealth- human rights may take back seat to economic drivers in a pure capitalistic society. The goal is for people to earn more by striving to be richer because wealth brings about a higher quality of life. In theory people will work harder because they want more money to live a better life. Little or no regulation of industry to protect society from things like dangerous materials in food... as it is believed consumers will stop buying unsafe things by themselves.

    Most western nations (including the US) are somewhere between capitalism and socialism- which is probably for the best. Most people wouldn't fare well in a purely capitalistic society; but some capitalistic tendencies are needed for a healthy economy.

    --
    "That's the way to do it" - Punch
  89. Thankfully money is speech and the 1% have more by Anonymous Coward · · Score: 0

    The rich will be fine and anyway a healthy educated population is a sure sign of socialism gone amuck. #MAGA

  90. Re:Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    like how many in the past died due to socialism

    That's easy, it's none.

    Now with communism, you could argue that it's higher. Then again, was it communism or totalitarianism that caused the Ukrainian famines?

    was it communism or Marxism. is Marxism socialism? perhaps the depth of your history class is lacking.

  91. That's hardly surprising by OneHundredAndTen · · Score: 1

    Younger people tend to be more idealistic -- nothing new there. A more interesting undertaking would consist of obtaining statistical data about the evolution of people's views as they age. I believe that they become more conservative, but I don't know to what an extent. What percentage of these kids will evolve into becoming the Trumpers of 2045?

  92. What's "capitalism"? by Anonymous Coward · · Score: 1

    What, exactly, does that mean? Capitalism is one of those slippery words that people define conveniently. It's either the bane of all existence which we should eliminate entirely (but hey, I still want to buy an iPhone and sell stuff I create) or the solution to all problems (but hey, I still want public roads and social security).

    It's a stupid sort of word that people toss around like a weapon. Contrary to popular believe, Capitalism and Socialism are completely compatible. Also contrary to popular belief, we already HAVE some socialism here in the US. It's called freaking Medicare and Social Security!

    We need to stop putting things in these tiny little boxes, and ignoring what anyone else on the "other side" says. Capitalism needs regulation or else it runs rampant and we get rivers on fire, and children working in factories. Socialism needs limits, or else we get masses of people doing no-work, bullshit jobs where they can't be fired.

    In other words, some form of sane balance between the good and bad aspects of any system. We seem to have lost site of any balance lately.

  93. Who died due to capitalism? by KalvinB · · Score: 1, Interesting

    Can you name a single instance of capitalism being used as justification to brutalize and murder millions of people?

    1. Re:Who died due to capitalism? by thaylin · · Score: 2

      Removing environmental protections that are "unnecessary regulatory burdens" that are there to prevent the death of people.

      But even still your definition of people who died due to capitalism is unreasonably burdensome. It can be easily argued that smokers due because of capitalism. People who die in states that allow all sorts of things from coal ash and other pollutants to be placed in the water.

      Or even easier that the administration is wanting to remove the regulatory barrier for asbestos.

      --
      When you cant win, ad hominem.
    2. Re:Who died due to capitalism? by toadlife · · Score: 1

      Can you name a single instance of capitalism being used as justification to brutalize and murder millions of people?

      The Vietnam War.

      --
      I don't always use unix-like operating systems; but when I do, I prefer FreeBSD.
    3. Re:Who died due to capitalism? by imrahilj · · Score: 2

      I don't know the death toll exactly, but the various european corporations operating in Asia, like the East India Company and Dutch East India Company did a fair bit of murdering. Now, it isn't clear that they did more murdering than the baseline present in those locales, but they certainly were motivated by profit. For the record, I'm not a socialist.

    4. Re:Who died due to capitalism? by angel'o'sphere · · Score: 2

      Slavery, e.g. in the early US.
      Conquests and colonizations.
      Polution ...
      The supression of all 'socialist' revolutions/governments in south america (and converting them into dictatorships)
      Selling contaminated food, e.g. olive oil containing machine oil.
      Traffiking people ...
      The wars about oil ...

      People kill people, not *ISMs

      --
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    5. Re:Who died due to capitalism? by kaatochacha · · Score: 1

      Nah, that was just the US not recognizing the growing resentment of Colonialism and treating the conflict as a standard Cold War proxy battle.

    6. Re: Who died due to capitalism? by Anonymous Coward · · Score: 0

      The Belgian Congo
      British India
      The genocide of the native Americans
      The Korean and Vietnam wars.
      The whole concept of conflict minerals...

    7. Re: Who died due to capitalism? by Anonymous Coward · · Score: 0

      Never heard of UNITED FRUIT co.?

    8. Re:Who died due to capitalism? by stealth_finger · · Score: 2

      Can you name a single instance of capitalism being used as justification to brutalize and murder millions of people?

      Just take a look at the mining industry. Or clothes production in sweat shops. Or, you know, all those people at the bottom in the shittiest parts of the worlds paid next to nothing to put together all this cheap shit as cheaply as possible to be shipped half way around the world to be sold at vastly inflated prices to people that have zero clue how it got there while the big bosses pat them selves on the back and sign big bonus checks. Capitalism cares only about profit and the cost of all else. Don't even try to pretend its good for people.

      --
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    9. Re:Who died due to capitalism? by Anonymous Coward · · Score: 0

      Can you name a single instance of capitalism being used as justification to brutalize and murder millions of people?

      That's easy: Slavery.

    10. Re:Who died due to capitalism? by Anonymous Coward · · Score: 0

      Slavery in the U.S.

    11. Re:Who died due to capitalism? by sit1963nz · · Score: 1

      Oh, let me see....all those people who can not afford medical care in the USA and die ?

      How about all those lives wrecked because for profit prisons rely on large numbers of prisoners

      How about the hundreds of thousands killed in war zones because of oil.

      How about the poison in water supplies caused by fracking

    12. Re:Who died due to capitalism? by fluffernutter · · Score: 1

      All the wars in the east over Western oil rights.

      --
      Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
    13. Re:Who died due to capitalism? by Anonymous Coward · · Score: 0

      That's kind of like asking "Can you name a single movie vampire that doesn't drink blood?"

      One of the main reasons capitalism exists is to brutalize and murder people, albeit in a legal fashion. This much is mostly undebatable among those who know understand politics and history.

    14. Re:Who died due to capitalism? by Anonymous Coward · · Score: 0

      War?

    15. Re:Who died due to capitalism? by toadlife · · Score: 1

      Fighting against the spread of communism was used as an argument to the public for engaging in the war.

      --
      I don't always use unix-like operating systems; but when I do, I prefer FreeBSD.
  94. Re:Ignorance by Anonymous Coward · · Score: 0

    I thought I was reading an argument in favor of capitalism or free market, and then you call it a "war". So, if you're redefining words and not even in a clear manner I can't know what your talking about when mentioning -isms. Then you quote some random old Hebrew war chronicles from 500 BC.
    Anyway you know what? The young know they will never be able to own a house, perhaps for their entire life. Important things like a house and healthcare get unaffordable while we're supposed to fight to the death for meaningless trinkets like a $50k car or a $1000 phone that are increasingly meaningless.

    As for Venezuela that's an example of what happens when a weak country is subject to long term economic and financial war from the US.

  95. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 1

    I take it to mean they want the engine of the economy (capitalism) to benefit society first and foremost. Education, housing, food safety, transportation, etc. should be take priority over tax cuts. Getting there efficiently is no easy task.

  96. Re: Everyone knew the pump and dump was coming... by MightyMartian · · Score: 3, Insightful

    I'd argue that a purely socialist state has never really existed at all. Marx's fundamental theory was that agrarian societies were not at a level of social or economic development where his economic and political theories would even work. Both the Soviet Union and China had to literally ramp up their fundamentally agrarian economies through rapid industrialization just to get them to a point where the whole notion of collectivism, in the Marxist sense, would even be possible. And really, since most of the Communist economies ended up being labeled some variant of "Marxist-Leninist", these economies still retained a limited space for private enterprise, at least until the Cultural Revolution in China, which even most Chinese Communists now view as a horrible aberration that had more to do with Mao reasserting control of China after he'd been effectively sidelined when the full extent of the catastrophe that the Great Leap Forward in the 1950s had created.

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  97. Re:Everyone knew the pump and dump was coming... by OneHundredAndTen · · Score: 1

    Take a slice - any slice - of history, for which documentation is available. Almost invariable, the older generation use a language very similar to yours when describing the younger generations. This "generation of idiots" that you complain about will do the same about their younger generations - just as your grandparents' generation very likely did about yours.

  98. Re: Everyone knew the pump and dump was coming... by Q-Hack! · · Score: 5, Insightful

    The system we have isn't Capitalism, it's Cronyism. Brought on because people think that Keynesian economics is somehow a good thing. Sadly this line of thinking is so prevalent on both sides of the isle, that it will never get fixed until the system collapses. Young people today have never seen Capitalism, they have only seen Cronyism and yet everybody calls it Capitalism. It isn't.

    You do still see Capitalism at lower levels of society. The farmers markets, the used/antique markets etc. But those in government don't make money on these, they would rather make the big bucks working with large corporations. As a result, the large corporations get the laws passed that they want, usually at the expense of the little guy. Hence Cronyism wins the day.

    Now, if we can just get young people to understand the difference...

    --
    Some days I get the sinking feeling Orwell was an optimist.
  99. Re: Everyone knew the pump and dump was coming... by Sarten-X · · Score: 5, Interesting

    That's an oversimplified description. Socialism isn't just that the government owns the means of production, but also that it is responsible for the distribution of the produced goods and services. Since that's also the much larger and more difficult part of the philosophy, it's also the part that should be discussed most thoroughly.

    In essence, any government that collects taxes already has a government-owned means of production. The government produces tax income. How it then uses those taxes is the subject of endless debate, and those of us who want a bit more socialism want to see distributions that focus on the socialist philosophies. We want to see less focus on propping up private industry, and more focus on community projects. We want less subsidies for corporate expansion, and more grants for anyone to claim.

    In short, the socialist influence the young people look for is for government to aim to improve life outside of work, rather than dumping resources into privately-managed companies that have primarily just increased inequality over the past few decades.

    --
    You do not have a moral or legal right to do absolutely anything you want.
  100. And that is that by Impy+the+Impiuos+Imp · · Score: 0

    "I hate capitalism!" he thumbed into his Apple iPhone, and pressed send, and didn't go stand in a bread line of a planned economy.

    This is just a combo of lousy instruction combined with grass-is-greener syndrom.

    --
    (-1: Post disagrees with my already-settled worldview) is not a valid mod option.
    1. Re:And that is that by SocietyoftheFist · · Score: 1

      Yeah, I'm old enough to have met people in college that grew up in Eastern Europe during Soviet rule... yeah, you don't want that. Planned bullshit was more like it.

    2. Re:And that is that by iggymanz · · Score: 1

      "I hate capitalism" he thumbed into his phone, waiting in line for his welfare check.

      20+ percent on government assistance (or higher depending on definitions)

      what we have isn't capitalism. we have big corporations with lawmakers in their pockets.

  101. I believe in capitalism, sort of by Anonymous Coward · · Score: 0

    Capitalism has multiple variants. Unfortunately, our capitalism needs adjustment.

    We don't need socialism, we need to fix our capitalism.

    I'm ready to fix capitalism if you are. Who'll vote for me? I can fix it.

  102. Capitalism is simply broken by Excelcia · · Score: 3, Informative

    Your signature speaks volumes about your message.

    No one has died due to socialism. Many people have died due to single-party dictatorships that called themselves socialist.

    In many ways, Canada could be called socialist. Strong social programs including universal medical care. Not nearly as far down that spectrum as some, but still very successful and a higher standard of living and higher average life span than the US, so that says something.

    There is nothing that says that competition has to be absent in a socialist system. What socialism is saying is that there has to be a better way to distribute income and wealth than the system we currently have. Capitalism is failing to attract young people because in its natural state, it is a system that encourages coalescence of wealth into the hands of a very few. A system of financial oligarchs. The whole array of financial rules that try to make stock trading fair, anti-trust laws, and consumer protection legislation work to partially correct some of the more egregious natural effects of capitalism, but those protections are failing more and more.

    Young people are failing to flock to capitalism's banner for the reason that they are simply better informed. The standard of living has improved all around and the young don't have to fight for survival. They are more global thinkers, and less personally greedy. And they are seeing the results of generations of capitalism and what it is doing not just to third world countries but our own. Corporations are getting absolute erections at the possibilities afforded by the use of technology to control and gather wealth. iphones and their walled garden, smart TV's and home voice controllers that send all your voice to central servers for processing, social media that is rife with fake news and social manipulation, DRM methods that restrict people from even the fair use of their purchases. Pharmaceutical companies purchased by larger corporations where their product is subsequently raised in price, not by double, but by factors of ten or a hundred.

    I don't have a replacement system to propose that fixes everything. But I do know that we have to have a discussion about it and try something, because the system we have is broken, and it's getting brokener.

    Greed is simply not a principle that can sustain good public policy.

    1. Re:Capitalism is simply broken by kaatochacha · · Score: 1

      Greed is amoral. If I offer you one cookie or two , and you're hungry for cookies, you will probably want two. That's natural
      Greed, PROPERLY HARNESSED, is a tool. It's understandable, you can manage it, and you can be pretty sure where greedy motivation will take you.
      It's the rules of greed and how it's harnessed that present the problems, however. letting it become the sole purpose of a society is damaging, just like only eating cookies all day is.

    2. Re:Capitalism is simply broken by Excelcia · · Score: 1

      Hunger is amoral. Greed is desire without discipline, and there are very much moral implications there. Don't try and sugar coat greed as something else.

    3. Re:Capitalism is simply broken by lenski · · Score: 1

      Capitalism is a tool just like socialism or totalitarianism masquerading as "socialism" or "communism". As with any tool (especially the sharp tools) it can cut deeply if mis-handled. I agree with several upthread posts that "capitalism" is not inevitably good or bad.

      What is absolutely bad in all cases for all times is concentration of power.

      The way capitalism is practiced in the U.S. and in several illiberal "democracies" these days has led to excessive concentration of power in the hands of a few players. I am old enough to remember "antitrust enforcement", a concept that appears weakly now and then (FCC and Sinclair/Tribune, of all things...). Antitrust fell by the wayside during the late 70's and was all but dismantled during the 1980's. Limiting monopoly (or more commonly oligopoly) power would be a great start toward leveling out the current inequality.

      On the "socalism" front: I was able to attend a state school back when it was affordable, and taxes paid based on my income since then has resulted in a major return on the public investment. B.S.E.E., not political science or basket weaving BTW.

    4. Re:Capitalism is simply broken by Excelcia · · Score: 1

      A gun is only a tool too, but it only has one real purpose, which makes it heavily biased towards being a tool to catalyze violence. Capitalism is a tool, but that doesn't make it amoral or without its own bias. It is inherently based on foundation of greed.

      Capitalism is like an aircraft that is inherently unstable. You need constant inputs from the pilot, or (in the case of some aircraft) a computer constantly making adjustments for it to even just fly straight and level. In this case, the constant adjustments are the myriad of consumer protection, anti trust, and other laws that are intended to prevent that greed from consuming the system. Without those constant adjustments, it goes quickly out of control.

      We need a system that is inherently stable. There will always be people intent on cheating the system anyway, and without that system being naturally stable, those people unbalance it even further in complex and chaotic ways. Competition and self interest don't need to be left out the new system. I'm sure we can come up with a way to incentivize productivity and innovation without those incentives being essentially turning over ownership of major portions of world production and resources into the hands of a vanishingly small number of ultra wealthy.

    5. Re: Capitalism is simply broken by Tyger-ZA · · Score: 1

      If you're hungry, you're offered two and you take both, that's just hunger. If you're NOT hungry and you still take two, that's greed.

    6. Re:Capitalism is simply broken by Anonymous Coward · · Score: 0

      Young people are failing to flock to capitalism's banner for the reason that they are simply better informed.

      If young people are doing something that middle-aged people no longer do, I would argue the reason is unlikely due to the young people being "more informed". Maybe we want that to be the case because you agree with them, but really - young people are 1) more idealistic, so more likely to fall in love with utopic ideas and 2) less experienced in life so they jump to solutions that sound attractive but do not actually know the problems that need to be solved.

      They're good at brainstorming for ideas, but those ideas need a looot of polishing to become feasible.

  103. Re:thanks slashdot by BlueStrat · · Score: 1, Insightful

    this again. Socialism =/= Communism.

    As Karl Marx himself said, Socialism is just the step in between Capitalism and Communism.

    All forms of Marxist Collectivism (Socialism, Communism, Fascism) are authoritarian They are authoritarian by their by their very nature and share many principles in common as they are all based on Marxism.

    This includes "Democratic Socialism" which is an oxymoron in itself as it tries to put lipstick on that same old, tired, Marxist pig. Socialism and Communism are responsible for killing far, far more of their own people in peacetime than the Nazis did altogether in WW2.

    "Warning! Warning! Danger, Will Robinson!".

    Strat

    --
    Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
  104. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    It's a dreaded semantic problem in the US that would be funny if it wasn't so serious. One of your parties is called "Democratic Party" but hopefully most people in the US are for democracy, including republicans. So new terms like "progressives" and "liberals" have been invented in order to apply to the followers of the Democratic Party mostly but these labels are total misnomers. "Progressives" are only progressive in certain respects, regarding social policies and equality etc, but not necessarily in other respects such as technological progress; it depends very much on each area and what one persons considers "progressive" another person might consider stupid or a waste of money (e.g. creating a Space Force is progressive for some but a waste of money for others). On the other hand, "liberal" is an even worse misnomer, because the policies of the Democratic Party are not always in line with the classical liberalism of Smith and Bentham. (Some of them are, others aren't.)

  105. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Socialism: Government ownership of the means of production.

    Like roads and bridges ?

  106. For the record neither have the Chinese by rsilvergun · · Score: 1

    or the Soviets. You do understand that people can misrepresent themselves, right? China is a Kleptocracy, which is where America is heading.

    If you want to see Socialism in action look to the Scandanavian countries. Also Germany, France and Canada. Venezuela seemed to be making a run for it but couldn't shake the centuries of political corruption. I think if America hadn't sanctioned them and locked them out of the world banking system when the price of oil collapsed then they might have pulled out of it. Yeah, their ruler's a dictator, but so's the king of Saudi Arabia and we're helping him bomb Yemen, so it's not like we've got much of a leg to stand on. OTOH we did just use their collapsed economy to seize a bunch of their oil assets. Funny how that always seems to work out (RE: Iraq, Afghanistan).

    TL;DR; You're misrepresenting socialism, either intentionally or by mistake. Please stop it.

    --
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  107. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 3, Interesting

    For instance, Sweden, Norway, and Finland are definitely socialist countries.

    No they aren't. They are capitalist countries with slightly higher spending on social programs. If you call that "socialism" then the word has lost all meaning.

    An American is more likely to work for the government than a Swede. The Swedish post office is privatized, and their education system is more privatized than America. They have LOWER per capita government spending on healthcare: America spends more money per person on Medicare+Medicaid+VA to cover 30% of the population than Sweden spends to cover 100%. Just because America's system is stupid and wasteful doesn't make it "less socialist".

    Norway's Statoil is an example of socialism, but that is a special situation of a massive public resource owned by a small population. Very few other countries have that benefit.

  108. Re:thanks slashdot by LubosD · · Score: 1

    No, it is absolutely not mainstream. Social democrats take some features of socialism, but real socialism looks different. Trust me.

    My country suffered under the socialist rule for several decades and hasn't recovered yet.

  109. Re: Everyone knew the pump and dump was coming... by MightyYar · · Score: 1

    This is a reasonable discussion to have. I tend to favor market forces wherever possible, and I think the concept of a welfare state is a flawed one. I do support using the government as a safety net, but I believe the goal of the safety net should be to get people back on their own two feet if at all possible. I think this can be achieved by rejiggering incentives for the people running and participating in the programs.

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  110. Re:thanks slashdot by Anonymous Coward · · Score: 0

    You do realize that socialism is mainstream in Europe, right?

    I realize Europeans like to cherry pick when they're advocating socialism; Greece doesn't come up much, for instance. I realize Europeans never factor in the benefit of the umbrella of protection they've lived under for 70 years now when proselytizing their views. I realize Europeans tend not to mention the supplementary health insurance employers provide so their employees get the non-shit version of European healthcare.

    The US is ending the Marshall Plan; No more frictionless trade with a sucker US. No more Potemkin military budgets. We'll see how you do now.

  111. Re:Ignorance by Anonymous Coward · · Score: 1

    "set up by the founding fathers"

    Stopped reading right there, ignorance and foolisheness evident. Parent is exactly right.

    The government as it is now is not even remotely like the one "set up by the founding fathers" Just for a taste, look at the state laws surrounding the founding and regulation of "companies".

  112. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    You should if you are taking 99% of the pie while leaving 1% for everyone else.

  113. Re:Everyone knew the pump and dump was coming... by McFortner · · Score: 1

    That's easy, it's none.

    Really? Because the people of Venezuela would care to disagree with you.

    --
    Beware of Sales Reps bearing gifts.
  114. Re:Everyone knew the pump and dump was coming... by Darinbob · · Score: 1

    Many in the past died from capitalism too. Their history is that capitalism has failed badly in too many cases; there is grinding poverty in rich countries, unregulated greed has caused financial turmoil, overuse of natural resources, and so forth. They don't know how government should work because it does not work at the moment - Trump has the most disorganized government in the US for decades, promises from the Obama administration rarely came through, the Dubya years brought needless wars, etc.

    When you talk about deaths from socialism you have to leave off stuff like Stalinism, Maoism, etc.

    When you take sides about one side being angelic and the other demonic, then you're being short sighted and partisan. Both systems fail when taken to extremes. But moderation is seen as an evil today by both liberals and conservatives.

  115. Is This /. by Anonymous Coward · · Score: 0

    ...or fucking MSNBC?

    Own a smart phone? You're a fan of capitalism. End of story

  116. well duh by Anonymous Coward · · Score: 0

    40 years of propaganda will do that.

  117. Re: thanks slashdot by Anonymous Coward · · Score: 0

    Low birthrates? Hmm?

    http://www.foxnews.com/health/2018/05/17/us-births-hit-30-year-low-despite-good-economy.html

    Figured I'd cite a Fox reference because it's often the only way to penetrate lead skulls. You can find more insightful reporting about these statistics elsewhere if you're actually interested.

  118. Re: Everyone knew the pump and dump was coming... by thaylin · · Score: 1

    No, like the department of transportation that builds the roads and bridges.

    --
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  119. Re: Everyone knew the pump and dump was coming... by LynnwoodRooster · · Score: 1

    Educate yourself about the Nordic model. They are free-enterprise, capitalist economies with strong social safety nets. Not even close to socialist.

    --
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  120. Re:thanks slashdot by UnknownSoldier · · Score: 0

    TL:DR;

    Socialism: Robbing from Peter to pay Paul. Works fine until you run out of other people's money.

    Capitalism: Exploiting everyone else for the sake of profit. Left unchecked this unbridled greed infects Laws.

    Communism: No private ownership.

    Most people aren't aware that the 1st century Christians were the first communists. Acts 4:32 - 35 (emphasis added)

    32 All the believers were one in heart and mind. No one claimed that any of their possessions was their own, but they shared everything they had. ... 34 that there were no needy persons among them. For from time to time those who owned land or houses sold them, brought the money from the sales 35 and put it at the apostles' feet, and it was distributed to anyone who had need.

  121. Re: Everyone knew the pump and dump was coming... by Joce640k · · Score: 1, Funny

    How's the swamp-draining coming along?

    --
    No sig today...
  122. Re: Everyone knew the pump and dump was coming... by thaylin · · Score: 1

    Those did not die directly because of communism, but because of totalitarianism. They are not the same thing.

    --
    When you cant win, ad hominem.
  123. Re:Everyone knew the pump and dump was coming... by cayenne8 · · Score: 0

    Almost invariable, the older generation use a language very similar to yours when describing the younger generations. This "generation of idiots" that you complain about will do the same about their younger generations - just as your grandparents' generation very likely did about yours.

    Except in this case, this is the first generation, where it seems a majority of them are wanting to fundamentally change the society and system that have grown this country to the great level it has reached.

    They want to throw it away for a pipe dream, and such a move could lead to the downfall of the US and it's position in the world.

    Yes, they're idiots.

    Basically wanting to throw away everything their forefathers built up for them, to me, that spells idiocy.

    --
    Light travels faster than sound. This is why some people appear bright until you hear them speak.........
  124. Re:Ignorance by Anonymous Coward · · Score: 0

    You behave and respond like it is a black and white issue and you ignore the different shades of grey in between. Some more wealth equality and fair distribution of generated wealth wouldn't hurt and wouldn't make you "Venezuela".

  125. Most Successful System Ever by sycodon · · Score: 1, Troll

    Whatever you want to call the system we have now, it is the most successful system the planet has ever had.

    Name one system that has even come close to raising the standard of living for everyone in the world like this one has.

    And before you spit out your milk, yes, it has its flaws and you could even say it's failed some people. But over all there is NO better option.

    If you think there is, Name it. Provide evidence that its worked on as wide of scale as this one.

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
    1. Re: Most Successful System Ever by Anonymous Coward · · Score: 2, Insightful

      You could have made the same argument about Slavery in 1830.

      Just because a system hasnâ(TM)t been tried yet isnâ(TM)t an argument for not trying that system.

    2. Re: Most Successful System Ever by Reverend+Green · · Score: 5, Insightful

      People could easily look past capitalism's iniquitous allocation of wealth when everyone's standard of living was going up and America was the freest country in the world.

      Unfortunately most people's standard of living has been dropping for at least a generation. At the same time the American Gulag has become the largest in the world, filled almost entirely with persons who were coerced into "confessing".

      No longer able or willing to provide freedom & prosperity, the capitalist/financialist oligarchy has lost the mandate of heaven. People are beginning to look at it more like criminal gang and less like a legitimate government.

    3. Re: Most Successful System Ever by mrchew1982 · · Score: 3, Insightful

      I still don't see it. We live far better than our grandparents by any metric. Could it be better? Hell yes! Hopefully that's what gets you out of bed in the morning and contributing something positive to the world instead of sitting around bitching and repeating hyperbole. Nobody owes you anything, get out there and make it happen.

    4. Re: Most Successful System Ever by Anonymous Coward · · Score: 1

      Yes, a person can expect to enter the workforce debt free and support a family and own a house on a normal wage... Oh wait, no they can't. But they have shiny toys instead!

    5. Re: Most Successful System Ever by Reverend+Green · · Score: 2, Insightful

      My grandparents had:

      - much healthier food
      - cleaner air
      - more personal freedom
      - larger living space
      - greater economic opportunity
      - less crime
      - less mental illness
      - much stronger families
      - easier access to medical attention

      Thanks we have:
      - much better plumbing & HVAC
      - far better medical technology... for those who can afford it
      - wider access to long distance travel
      - access to far more information, i.e. the internet

      The progressive ideology that things just keep getting better in every way with the passage of time is ahistorical.

    6. Re: Most Successful System Ever by Anonymous Coward · · Score: 3, Insightful

      What a load of nonsense. You have bought into sensationalist news. Crime is lower than any time in last 50 years. Practically everything is safer - cars, planes, household items, medicines, food, etc. Creature comforts are so much better; you likely ride around in a car that is so far advanced over what the wealthiest person could afford. I am going to guess that home ownership rates are better thanal.ost anytime in history, and the houses are better built, too. If you honestly think the past was better then you are misguided and ignorant. Humans easily forget the bad and remember the good so are memories are distorted.

      My comment has nothing to do with capitalism vice any other system. It is against blatant lies about history.

    7. Re: Most Successful System Ever by Mystiq · · Score: 2

      I would argue some of this is wrong.

      Your grandparents had:
      - greater economic opportunity under the assumption that wages were higher in relation to inflation at the time than they are now
      - easier access to medical attention under the assumption that premiums were lower, barring the fact that a nationwide health insurance market didn't exist back then

      As to the rest of your first list, it's virtually impossible to say that they had:
      - more personal freedom: what does this even mean?
      - less mental illness: lots of problems were unknown or not talked about, such as suicide rates and depression
      - much stronger families: are you referring to gay and lesbian families? I would argue as the LGBTQ lifestyles become more accepted those individuals will have much more stable mental health and have much stronger families, as opposed to fucking parents who disown them
      - much healthier food: are you referring to the prevalence of places like McDonalds? It's been studied that healthier food tends to cost more, something that may be out of the reach of poorer families, thus they tend to eat less healthy and have more health issues. Greater economic opportunity plays into this.

      They certainly didn't have:
      - cleaner air, because now there are more laws surrounding pollution, as more states/countries work to get rid of gas cars and other sources of pollution. New York City used to be full of smog. It's not now.

    8. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      Sounding awfully defensive there

    9. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      I mean you could try guillotining the bourgeoisie, this worked fairly well for the French.

    10. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      Not in Louisianna it didn't. They tried and all they got was killed back so hard they had to invent Fat Tuesday to survive.

    11. Re: Most Successful System Ever by Anonymous Coward · · Score: 1

      Stop guessing, home ownership is almost impossible for young people in many urban areas. That is with 2 salaries, people used to buy a well located house on one salary.

    12. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      -His more personal freedoms quip means his grandfather was allowed to beat the shit out of his grandma and his parents because grandpa fucking felt like it. Grandpa felt like it because he could drink/smoke/eat as much of whatever whenever he chose. Then the government had to stick thier nose into grandpa's business and told him that he could only beat his wife and kids on Saturday before noon on the courthouse steps with a stick no bigger than his thumb. He also had to stop fucking his daughter and her teenage friends. But that wasn't good enough for the governemnt so now you can't beat any woman and you can't fuck em before 18. It's a goddamned satanic tragedy.

      -Much stronger families refers to single moms. It's thinly veiled racism, a dogwhistle they call it, at least how it's used today. Nevermind plenty of white women are divorced, that isn't what that term implies. It's like welfare queen. Welfare Queen ain't never been an old Southern White Lady driving a Camry. It was always a loudmouthed black southern woman driving the proverbial Cadillac. The same applies to the use of "urban" and "inner city". If you hear those, ignore whatever follows. It is an excuse used to be mean to a different group of people. Always has been, and sadly will always be. Your LGBTQ point is a side affect. Traditionally you just disowned your gay kid and sent them off to die in the proverbial wilderness. The news narrative wasn't screaming about gay kids destroying the family unlike today. That was something the family tended to keep hidden. But dammit if the news wasn't always talking about those single mom welfare queens who just couldn't stop fucking. They never seemed to bother to ask where the father was, but now it's finally being reported that they're in a privitised prison specifically fuelling the incarceration of similar persons all in the name of good ol CAPITALISM.

      I'm not generalizing in this post. I know who the fuck the Reverend is. He posts vile conservatard shit daily on here.

    13. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      Unsubstantiated, starry-eyed and uninformed. Can't wait til you boomers cross that rainbow bridge, things will still suck but at least I won't have to hear about how nice everything is and how I really wasn't working hard enough from 0-18.

    14. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      Right, and then we forced women to go to work. More money, more demand, higher prices. Not really hard to figure out.

    15. Re: Most Successful System Ever by Anonymous Coward · · Score: 1

      Sadly Chinese system is the most successful at the moment. No other system have lifted as many people out of poverty at the rate that they have ever in the whole of human history.

      I have Chinese friends and they don't look oppressed or any unhappier than us generally ..... caveat.... as long as you are not some activist or live in some areas considered security risk to the government.

      Does that mean you want to adopt the same? Nope not me.

      Success isn't easily defined.

      How about Scandinavian countries? They are Democratic socialists.... they have higher GDP per capita, Living standards than the US...

      There are better systems. Democracy is not a single system. How about all the democratic failed states that became autocratic? Democracy failed them.... lots of them..... There are lots of democratic states that don't do well..... Venezuela, Argentina, Brazil etc .... the problem is that people say that it's not democracy.... but the truth is it started out as democracy and it didn't work out like how we think it would. Democracy isn't a silver bullet.... details matter....Educated populace matter, culture matter, economy matters, political culture matter too!

      Too call democracy the most successful ever is an over generalisation and myopic.

    16. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      so bitter

    17. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      Except that itâ(TM)s accurate. You need to look a lot deeper into the systems you are celebrating.

    18. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      what your describing sounds a lot more like Hong Kong, than mainland China.
      Hong Kong had gone from a backwater fishing village to become the business center that it is today thanks to ... capitalism and free trade.
      If you get into mainland China, things are a lot different. yes, there are a lot of government jobs... though you see a lot of these people sweeping the streets with brooms (not a street cleaner like you would see here). Many people do work, much harder than they do here, and many have under the table businesses, legitimate businesses have expenses you don't see in the west, such as bribing local government officials, or the thugs that will trash your store and beat you down if you don't pay for protection. (one of my wifes' friends husbands had been involved in the "protection" business).
      additionally, in Mainland China (not Hong Kong), any interactions with mainly government run agencies, such as banks, the post office, etc, are far more of a hassle than I've seen anywhere in the west. I once spent an over hour in the bank in mainland china, just trying to swap a few hundred dollars for RMB. For Comparison, in Hong Kong, this is something you can be in and out of the bank in 5-10 min and be done.

      venezuela a democracy? last I heard they were far from that, same with Brazil.

      I'm not calling what we have in the US perfect, as there are some things I've seen in other counties that I've traveled to that do seem better. Though Given the choice of where I want to be and what is better for me, at this point I'd still pick the US over all others. It does have it's faults but to me the good things that are there outweigh the detracting factors of the others.

    19. Re: Most Successful System Ever by jedidiah · · Score: 0

      > My grandparents had:

      Your list is all TOTAL BULLSHIT and demonstrates the crux of the issue. You've been fed a line of propaganda by people with a clear political agenda and of you've swallowed it hook-line-and-sinker.

      Medical care is the absolute flagship element of the BS socialist narrative that liberal journalists push. The technological advancement alone in medical care in the last two generations alone negate your nonsense.

      Your chances of surviving into adulthood are far greater and you are far more likely to survive a crippling or life threatening illness. Many conditions that would have been a certain death sentence are now manageable and survivable.

      You are simply in the sway of professional trolls posing as journalists (or entertainers) that use mindless hysterics to sell you ads.

      --
      A Pirate and a Puritan look the same on a balance sheet.
    20. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      Bravo.

    21. Re:Most Successful System Ever by Opportunist · · Score: 1

      Social Market Economy.

      Worked great for Western Germany 'til they foolishly reunited with the communist Eastern part. 'til then they had one of the strongest economies of the planet, not even half a century after losing a totally crippling war.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    22. Re: Most Successful System Ever by Opportunist · · Score: 1

      The problem is that the incentive to get out of bed in the morning and contribute something positive to the world is gone. Why bother when there is nothing to be gained that way?

      The old American Dream was "work hard, earn money, put away a bit, invest wisely and soon you, too, can be rich". It's over. People have learned that they don't earn enough money to put away anything.

      The new American Dream is "Working doesn't get you anywhere. Run into some rich guy's car and sue the pants off him, or hope to win the lottery".

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    23. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      Eh, it's fairly easy to lift a conformist population with an average IQ of 105 out of poverty with a some capitalism and a strong dash of authoritarianism. Same IQ argument goes for Scandinavia though I think Sweden is likely going to be experiencing some challenges due to demographics.

    24. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      Yet he's upvoted and you are downvoted. Seem more people agree with him, than you.

      Maybe you need to rethink your world view.

    25. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      So why can't the USA do it?
        If it's so easy a caveman can do it?

      Powwww!

    26. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      Oh please, tell that to the million Chinese in government mandated concentration camps. Perhaps you would enjoy joining the masses. Let's not forget the Great Firewall of China, and massive surveillance state unlike anything else in the world. It is very easy to get labeled among the dissent, and have everything you hold dear taken away. Many in China don't get to see their family but once or twice a year when they make the pilgrimage back home as work is very far away, and the conditions of their employment carry hefty fees and horrible living conditions that would be illegal in a more civilized country. Watch a documentary or two on PBS and see what it is really like. The Chinese tolerance for BS and oppression is simply greater than most due to enduring it for generations, don't mistake that for happiness. Much like uniformed Trump voters, most in China are highly uneducated unless they come from money; few and far between. Let's not forget Tiananmen Square, or the wave of self-immolation by Tibetan monks. At the rate that the current administration is squashing and silencing those who are criticizing, don't think it can't happen here.

    27. Re: Most Successful System Ever by EllisDees · · Score: 1

      The cleaner air part is complete bullshit. Look at pictures of any us city from the 1960s or before and they look like preset-day Beijing.

      --
      -- Give me ambiguity or give me something else!
    28. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      The cleaner air part is complete bullshit. Look at pictures of any us city from the 1960s or before and they look like preset-day Beijing.

      Interesting that in a story about American youths, and a thread talking about what presumably previous generations of Americans had compared to Americans today, you bring up Beijing, China.

    29. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      The USA has done it. We're already a first world nation. First world poverty is not third world poverty. Also even looking at first world poverty, the US poverty rate indexed to other countries is about 16.8% I believe but if you break it down by race whites (average IQ100) are at 9% or thereabout putting us right in line with the best other first world almost all white countries.

    30. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      We succeeded because we started with a huge chunk of unexploited land protected by two oceans. Shits going bad now because weâ(TM)ve used it up.

    31. Re: Most Successful System Ever by Anonymous Coward · · Score: 0

      I still don't see it.

      Hmmmm, out of curiosity, how old are you? Ballpark.

      Which generation do you belong to, exactly? Because if you're older than 40, you ARE the previous generation of years past.

      And speaking of grandparents, "Gulag" is too much. Yes we have a ton of weed dealers in prison, but the metric looks bad because China simply executes trouble-makers.

  126. School by SSonnentag · · Score: 1

    The public education (indoctrination) system is a major cause.

  127. Re:I'm not a "young" American nor versed in econom by drinkypoo · · Score: 4, Interesting

    I feel that capitalism works well for economy building,

    Correct. Capitalism serves the needs of the masses so long as you are experiencing significant growth. When the growth slows or stops, as it must if we are to avoid destruction of the biosphere upon which we depend, pure capitalism has run its course. At that point, [more] socialism is needed in order to serve the masses, who are no longer offered a share of excess.

    --
    "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
  128. Re: Everyone knew the pump and dump was coming... by admin7087 · · Score: 1

    No, these are social democracies, not socialist countries. Socialism is a pre-form of communism, it's a step before communism in the historical-teleological model that communists have proposed as a natural explanation of human history. Social democracy has historically been opposed to socialism, to communism, and of course also to national socialism and fascism. It's an older tradition of a democratic parliamentary that arose as one of many answers to the "social question" in the unrestricted capitalism of the 19th Century, at a time were child labor was normal and many workers were crippled in factories. Social democracy was already established as a political position in many European countries at the beginning of 20th Century.

    Scandinavian social democracy is also kind of special in comparison to others for historical and cultural reasons but I'll stop there.

  129. Communism != Socialism by Roger+W+Moore · · Score: 4, Insightful

    Yeah, now they want another trial at what failed in the Eastern Europe

    What failed in Eastern Europe was communism. I'm not a huge fan of socialism but it is far less extreme than communism. Europe and Canada are now somewhere on the spectrum between socialism and capitalism, trying to find a balance between allowing people the freedom to generate wealth while also ensuring that some of that wealth provides a social safety net for those less fortunate.

    1. Re:Communism != Socialism by MightyYar · · Score: 5, Insightful

      Taxing and redistributing is not socialism - that is just a safety net, usually called social democracy. Socialism is centralized control of production, and the only places you see this in Europe are in healthcare and, in a few places, petroleum extraction - and that last one is self-limiting when the petroleum runs out. All corporations are created by government through some kind of charter, and some have a public ownership component - occasionally even a controlling interest. But it's still nothing like a philosophy of socialism - the economy is overwhelmingly driven by private sector allocation of capital.

      --
      W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
    2. Re:Communism != Socialism by Anonymous Coward · · Score: 0

      What failed in Eastern Europe was communism.

      In theory communism is the utopian end state after the dictatorship of the proletariat withers away, except the evidence is pretty poor than this actually happens. It seems to either get stuck at authoritarianism and an inefficient bureaucracy, or goes away entirely.

    3. Re:Communism != Socialism by Roger+W+Moore · · Score: 2

      In Canada and most European countries, it goes far beyond that though. Many utilities and service providers are owned, or partially owned, by some level of government. There has been a trend to sell off some of these providers but, at least in Canada, the post, trains and some utilities are still government owned in some fashion and even in the UK the post office was only privatized a few years ago and back in the 1970s and 80s the level of socialism was far, far higher with all utilities, including phones, under government control.

      Generally privatizing these things is a mixed bag. It has worked exceptionally well for telecomunications but far less well for things like water because there is only one water pipe into your house so there is no competition when it comes to the water service they provide: you will not get cleaner/purer/higher pressure etc. water if you switch to a different provider.

    4. Re:Communism != Socialism by Roger+W+Moore · · Score: 1

      Sorry - just to clarify I meant passenger trains in the above post! Goods trains are privatized in Canada.

    5. Re:Communism != Socialism by MightyYar · · Score: 1

      In my casual observation, there isn't a lot of difference between a government-run utility and a private-run utility when a monopoly is involved. Either way, the forces that make capitalism so powerful are not it force - and in practice the regulation tends to be so heavy that the private operator may as well be government. We end up with the same suboptimal situation in almost any sphere where competition either can't work or we aren't willing to live with its consequences - usually infrastructure and utilities. If you can find a way to encourage competition in, say, power delivery without also having a bunch of parallel systems all over the damn place, you'll be a famous man in certain circles.

      --
      W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
    6. Re: Communism != Socialism by datavirtue · · Score: 1

      Socialism is a possibility... communism is not. We could lean heavily towards socialism and still be America. communism: see China. What a dystopian shit hole.

      --
      I object to power without constructive purpose. --Spock
    7. Re: Communism != Socialism by dryeo · · Score: 1

      China is not communist, even if they call themselves that. Closer to State owned capitalism.
      By definition, communism means no government and in practice doesn't seem to be be able to scale up much over a population of about a hundred. Most of what are called communist is plain old authoritarianism.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    8. Re:Communism != Socialism by asackett · · Score: 1

      What failed in Eastern Europe was not communism at all, and wasn't socialism, either. It was state, rather than private, capitalism. None of the states of Eastern Europe even claimed to be communist -- the one attempt at it, the Makhnovschina which occurred in Ukraine during the Russian Civil War, was crushed by the Red Army.

      --

      Warning: This signature may offend some viewers.

    9. Re:Communism != Socialism by thegarbz · · Score: 1

      Socialism is centralized control of production, and the only places you see this in Europe are in healthcare and, in a few places, petroleum extraction

      You don't know much about Europe if those are the only examples you could come up with. There are a very large number of state owned / controlled components of major european countries that is easily more "socialism" than providing healthcare as a service rather than as a profit centre.

    10. Re:Communism != Socialism by MightyYar · · Score: 1

      Forgive my wording - that should not be "the only places" and should instead be "the main places".

      There are of course examples here and there of socialized industries in Europe, but - and please correct me if I'm wrong - none approach the scale of the petroleum and healthcare industries. The main thrust of my comment is that European countries are not command economies, even if the government does own a few companies - most of the economy is dominated by capitalism.

      --
      W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
    11. Re: Communism != Socialism by Opportunist · · Score: 1

      China is currently ideologically close to Fascism than Communism.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    12. Re: Communism != Socialism by Anonymous Coward · · Score: 0

      Or a dead one in others ;)

    13. Re:Communism != Socialism by Anonymous Coward · · Score: 0

      Taxing is theft. Redistribution is receiving stolen property. The social safety net is socialism.

    14. Re:Communism != Socialism by MightyYar · · Score: 1

      Congratulations, you've just redefined 3 words in a vain attempt at marketing.

      Taxation and theft are both taking someone else's property, but they are separate words with distinct features

      Socialism is not the receipt of stolen property, socialism is the control of the means of production by the state. Redistribution has only a tangential relationship to production.

      --
      W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  130. Irony... by Anonymous Coward · · Score: 0

    Pretty ironic since the only thing milennials have exposure to is oligopoly. We haven't had capitalism in America for a long time.

    1. Re:Irony... by SocietyoftheFist · · Score: 1

      America isn't an oligopoly... now Russia, yeah, probably the true first one in the world I think.

  131. Waaaah by Anonymous Coward · · Score: 0

    Everything wasn't handed to us on a platter simply because we exist. So we advocate stealing from others (ie, socialism) and having illegitimate organized crime for a government (ie, socialism). We're entitled to crush everyone's liberty and property rights and subject everybody else to socialism because we suck, boo hoo.

  132. Re: Everyone knew the pump and dump was coming... by sycodon · · Score: 1

    They are also small and very homogeneous in culture, morality, ethnicity and politics.

     

    --
    When Fascism comes to America, it will call itself Anti-Fascism, and tell you to give up your guns.
  133. Re:thanks slashdot by mark-t · · Score: 0

    This includes "Democratic Socialism" which is an oxymoron in itself as it tries to put lipstick on that same old, tired, Marxist pig

    Democratic socialism exists when the governing party is socialist, and is democratically elected. There is nothing about socialism, inherently, that disallows free elections... including the ability to elect a party in the next election that does not have a socialist agenda (at which point the term 'socialist' cannot apply).

  134. Nobody likes joining a Monopoly game... by AmazingRuss · · Score: 5, Insightful

    ... 3 hours in.

    1. Re:Nobody likes joining a Monopoly game... by Thelasko · · Score: 2

      ... 3 hours in.

      I loved it the time my mother went to bed early and let me play her hand with Board Walk and Park Place. I don't understand why everyone wouldn't want to join a game 3 hours in. With hard work and careful strategy, you can win the game!

      --
      One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
    2. Re:Nobody likes joining a Monopoly game... by Anonymous Coward · · Score: 0

      If monopoly takes 3 hours for you to play, you're not playing it by the rules. A monopoly game that rigidly follows the rules will be finished in under an hour, and often in 30 minutes.

    3. Re:Nobody likes joining a Monopoly game... by Uberbah · · Score: 1

      Whoosh

    4. Re:Nobody likes joining a Monopoly game... by Anonymous Coward · · Score: 0

      ... 3 hours in.

      I loved it the time my mother went to bed early and let me play her hand with Board Walk and Park Place. I don't understand why everyone wouldn't want to join a game 3 hours in. With hard work and careful strategy, you can win the game!

      Translation: "I was born rich into this world. Fuck you, I got mine!"

    5. Re:Nobody likes joining a Monopoly game... by Waccoon · · Score: 1

      In my household, it never took that long for a monopoly to happen.

      Sadly, the important lesson I learned in that game is how important luck is in business. Sure, there's strategy that helps your odds, but you're still at the mercy of the dice and who gets to go first.

    6. Re:Nobody likes joining a Monopoly game... by Anonymous Coward · · Score: 0

      I don't think anyone has ever won Monopoly by developing houses on Board Walk and Park Place, they are two of the least landed on tiles on the board. Professional players know that the red tiles (specifically Illinois Avenue) are the winning properties.

    7. Re:Nobody likes joining a Monopoly game... by Areyoukiddingme · · Score: 1

      ... 3 hours in.

      I loved it the time my mother went to bed early and let me play her hand with Board Walk and Park Place. I don't understand why everyone wouldn't want to join a game 3 hours in. With hard work and careful strategy, you can win the game!

      Translation: "I was born rich into this world. Fuck you, I got mine!"

      Congratulations, you understood the allegory. Here's a cookie.

    8. Re:Nobody likes joining a Monopoly game... by Anonymous Coward · · Score: 0

      Best comment ever. I'm sorry I just ran out of mod points.

  135. Re:thanks slashdot by Oswald+McWeany · · Score: 1

    You do realize that socialism is mainstream in Europe, right? I'm looking around and I don't see any gulags here.

    Socialism is pretty mainstream in the US too for a number of issues- they just don't call it that because people in the US assume that "socialism" is communism.

    --
    "That's the way to do it" - Punch
  136. Re:thanks slashdot by Anonymous Coward · · Score: 0

    Socialism is regulated capitalism. Socialist-capitalism and unrestrained-capitalism take too long to type

  137. Re:thanks slashdot by Anonymous Coward · · Score: 0

    You listed three ingredients to the shit sundae, and "low birthrate" isn't a problem *at all*, high immigration is only a problem if you're racist. High taxes, I can see that being irritating; acting like socialism is on top of that rather than a rephrase is a bit odd.

    America is socialist, and in time it will float between being moreso and less so. Nations change their minds too.

    Acting like one example of a socialist country getting an outcome you find undesirable and not including any non-socialist country getting an undesirable outcome -- including the US -- is cherry picking.

  138. Re: Everyone knew the pump and dump was coming... by Green+Mountain+Bot · · Score: 1

    I found the prescriptivist!

    It might be more productive to view this one through the descriptivist lens, because then you'll be talking about the ideas that are actually being discussed, rather than falling into a semantic rabbit hole.

  139. Re:Everyone knew the pump and dump was coming... by lgw · · Score: 1, Insightful

    You need a safety net.

    The US spends about $10000 per person (about $27000 per taxpayer) on our safety nets. That's a pretty big net. (That includes $1.1T on Medicare, $980B on Social Security, $300B on income security programs ("welfare" etc), and $550B on Medicaid. )

    Young people are perhaps overreacting to the negative realities of capitalism.

    Young people are not "overreacting", they've simply been brainwashed. They aren't idiots, at least not moreso than young people in any age, they're forming reasonable opinion based on what the schools teach these days (which is pure propaganda).

    China manipulates all of the isms masterfully

    Did I mention pure propaganda? China's economy is quite bad, despite building endless seas of condos that no one lives in. They have a burgeoning tech sector, to be sure, but rural poverty remains the norm and manufacturing is shrinking as US manufacturing returns (to robots) in the US. You do know the trains didn't actually run on time under fascism, right?

    --
    Socialism: a lie told by totalitarians and believed by fools.
  140. Re: Everyone knew the pump and dump was coming... by MightyYar · · Score: 2

    Part of the reason for that is the US political parties defy classification... our system practically demands only two parties, and so almost everyone is forced into a tent with other people who may or may not be like-minded. Roughly 1/4 of the US electorate is "liberal" (in the sort of modern progressive sense), and almost all of them are in the Democrat tent. Around 1/3 are "conservative" (in the classically liberal and/or social sense), and virtually all of them are in the Republican tent. The remainder of the population is "moderate" and picks one camp or the other for some reason. Exceptions to this include blacks, who may be very liberal or very conservative - but one way or the other will mostly register and vote Democrat for historical reasons.

    If we had some electoral reform that left room for more than two political parties, I think you'd see a lot more alignment between political party affiliation and ideological bent.

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  141. Re: Everyone knew the pump and dump was coming... by Green+Mountain+Bot · · Score: 1

    Unfortunately, it won't do much for the *willfully* historically impaired that infest /. these days.

  142. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 5, Informative

    Like roads and bridges ?

    Yes. Roads and bridges are capital.

    Every country in the world has a mixed economy, with some socialism, and some private production. In America, the government builds roads, bridges, and airports. North Korea has private vegetable markets. Cuba has small private restaurants (which can't hire more than 2 people).

    You can go too far in either direction. North Korea and Cuba are 90% socialist, and are impoverished. Somalia has almost no government spending on roads and ports, and is also impoverished.

    The "sweet spot" is about 30-40% socialism and 60-70% capitalism. That is enough for infrastructure and a social safety net, but not enough to stifle innovation and economic growth.

  143. Not a single incident, but in aggregate? by Roger+W+Moore · · Score: 4, Informative

    There is no single incident but lost of smaller ones e.g. the Bhopal gas disaster plus lots of similar accidents often caused by companies prioritizing profit over people's safety with the dumping of toxic chemicals, refusal of valid health insurance claims etc. On top of this, there are the unknown numbers of preventable deaths caused by the US's lack of free, public healthcare which is a socialist idea.

    While these do not meet the standard of "brutalize and murder" it is also true to say that I cannot really think of any incidents where socialism has lead to much of this either except for similar isolated incidents with the trade union movement. On the other hand, Communism has clearly caused massive suffering on this sort of scale so perhaps you are getting communism and socialism confused? The two are not the same.

    1. Re:Not a single incident, but in aggregate? by Anonymous Coward · · Score: 0

      Sorry, but you're the one confusing Communism and Socialism.
      Socialism means the state owns the means of production. Communism is the mythical end goal of a socialist state, in which the state apparatus withers away, leaving a society in which the people own the means of production without the presence of the (necessarily tyrannical) state.

      USSR, PRC, Venezuela, Cuba, etc. are/were all Socialist states.

    2. Re:Not a single incident, but in aggregate? by Anonymous Coward · · Score: 0

      What I don't understand is how a communist or socialist government somehow prevents industrial tragedies. Unless everything is so entrenched in beauracracy like NASA that hardly anything gets done, there will always be mistakes.

      I'll bring this a step further: one ridiculous argument I heard for communism is that slavery would never have occured. Capitalist slave trade sure, but more barbaric communist governments could easily deem one group of people less worthy and put them in gulags to do slave labor.

      It's almost like morality and integrity have very little to do with the model of government. It has however been shown countless times in practice that the more powerful and centralized your system of government is, the more human greed for power and corruption takes over, and more people suffer as a result.

    3. Re:Not a single incident, but in aggregate? by Roger+W+Moore · · Score: 3, Insightful

      Unless everything is so entrenched in beauracracy like NASA that hardly anything gets done, there will always be mistakes.

      Correct. There will be random accidents caused by human fuck-ups in either system. However, on top of this there is pressure to beat your competition leads people to take short cuts and cut costs in the capitalist system which will undoubtedly lead to most mistakes. This is a pressure that is almost completely absent from the socialist system where the tendency is to become NASA-like: completely safe but utterly boring. This is why socialism tends to be used for "boring" things like water, electricity and gas where there is little to no competition or innovation.

      I'll bring this a step further: one ridiculous argument I heard for communism is that slavery would never have occured.

      That really is ridiculous because in communism everyone is a slave to the state!

    4. Re:Not a single incident, but in aggregate? by Anonymous Coward · · Score: 0

      Tens of millions died during the Industrial Revolution. People like to bring up Mao's Great Leap Forward, which killed people on a comparable scale, but the biggest difference between that and the Industrial Revolution was that by then decent records were being kept and the scale of death was widely reported. In Europe in the 18th century, on the other hand - there was no systematic attempt to count how many people died of preventable disease and malnutrition, to say nothing of industrial accidents.

    5. Re: Not a single incident, but in aggregate? by Anonymous Coward · · Score: 0

      "Standing up isn't 100% safe so I'll stay sat in shit. By the way here's a complete non-sequitur about something dumb I made up. I am smart."

    6. Re:Not a single incident, but in aggregate? by thegarbz · · Score: 1

      There is no single incident but lost of smaller ones e.g. the Bhopal gas disaster plus lots of similar accidents

      Please leave out the hyperbole. You don't hold up the worst disaster every and then mention "lots of similar incidents" when they are orders of magnitude smaller. Your example also is also one of the worst you can use in the name of evil capitalism. The deathtoll and the severity of the Bhopal disaster were nothing at all to do with the company or its profits, but rather from a government that failed to keep its citizens away from major hazard facilities which at the time were built in the middle of nowhere for a reason.

      But we see this everywhere. One of the biggest risks in my own city is a Bunsfield type scenario for a local oil company. Projected deathtoll is in the many hundreds thanks to two skyscrapers and a popular entertainment district next to the tankfarm. Damn those evil capitalists.

      Except when you look at aerial views of the area when the tank farm was built and old council maps you'll find a 1km major hazard exclusion zone around the facility, which some bright spark rezoned as a residential area.

      is also true to say that I cannot really think of any incidents where socialism has lead to much of this either

      Then maybe look towards major incidents in government run and owned chemical plants.

  144. Re:Ignorance by brickhouse98 · · Score: 1

    The only ignorance here is yours. It's pretty clear "socialism" as they understand and want it is nothing more than socialist democracy like Norway and most of Europe has. My god, the amount of people who latch onto FULL SOCIALISM when they hear anything with the word socialism is staggering. That's just as dumb as people saying capitalist means a few at the top and the rest struggling for scraps from the table on the bottom. "Oh no, a government that actually works for the people and not businesses and the 1%! The horror!"

  145. Re:thanks slashdot by Dorianny · · Score: 1

    The U.S also has a low birth rate which we were canceling out thru immigration. This is going to stop if Conservatives have their way. Ever though about how we are going to pay for all those retired baby-boomers when there are less and less young people to work? You don't have to wonder, just look at Japan. A dying society with a stagnant economy and a debt % twice as high as ours

  146. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Socialism: Government ownership of the means of production.

    Isn't that communism?

  147. Re: Everyone knew the pump and dump was coming... by Darinbob · · Score: 5, Interesting

    And yet, if you ask young people about this, they see that Denmark and similar countries have high living standards and rank at the top for happiness. Meanwhile in the US they see poverty, a massive gap between rich and poor, unaffordable education, unaffordable housing, unaffordable health care, and so forth. So is it any surprise that when given the poll that young people think about these issues?

    Taxes are a matter of perspective. We tend to hate our relatively low taxes in the US because we see so littlle in return for our money, whereas in many high tax countries thre is a visible return of services back to the tax payers.

    And also there are extremes. Denmark isn't engaged in autocratic centralized control of all facets of the economy. Yet some people spit at the word "socialism" as if it were equivalent to Stalinism or Maoism. We also don't have an extremist model of capitalism in the US either. Most modern countries are indeed a mix of some capitalist ideas and some socialist ideas. Denmark is clearly a capitalist state but it also has had social-democrat governments with strong social welfare programs - it's not 100% one way or the other.

    Another problem is that "socialism" is being used by the right as an insult to apply to anything they don't like, exactly the same as the left using "fascism" to apply to anything they disagree with.

  148. Re:I'm not a "young" American nor versed in econom by TheDarkener · · Score: 1

    Thank you for your reply, it's nice to know I'm not alone in that line of thinking.

    --
    It is pitch black. You are likely to be eaten by a grue.
  149. Capitalism, not Corporatism by King_TJ · · Score: 3, Insightful

    The thing I find so disheartening is how many younger Americans reject Capitalism, in favor of a form of Socialism -- without realizing that this isn't as simple as an A or B pair of options. If you want Socialism, fine .... There are many places in the world actively practicing it, and you're welcome to move there. America was created as a unique experiment in the world, creating a Democratic Republic. IMO, it's proven itself not only viable but arguably superior to many other forms of rule by central governments. I wholeheartedly believe that as a U.S. citizen, I should do everything in my power to preserve this framework.

    Obviously, we have a lot of flaws, corruption and other negatives. But show me ANY government that's perfect, except on paper.

    IMO, what we need to be focusing on in America is how to move forward, to PRESERVE the Democratic Republic that our Founders created and made into a reality. Corporatism is really what most people are complaining about when they say they're anti-Capitalist. Corporatism is simply a situation where big business managed to collude with government to avoid being governed fairly by it. This can be addressed and mitigated without resorting to Socialism!

    America has already done too much dabbing in Socialist practices to appease various groups. Even when it creates a "workable" solution to a specific problem? It weakens our whole system of government, because it means we took an "easy way out" or shortcut, copy-catting what other countries did, rather than finding an answer that doesn't go against the principles that built what we've got here.

    Perhaps the place this "battle" is most evident, today, is the healthcare debate. Single-payer or Socialized medicine is something I just can't accept, even though I accept that it's ONE solution that basically works for other countries. If we stick to our core values and principles that defined America, I think we have to conclude it's unfair to demand medical professionals all get paid a fixed salary, as dictated by Federal government. I think we have to conclude that no, healthcare is NOT a right in America. You have every right to pursue better health for yourself, obviously. But as soon as you need medical care, you're demanding the services of another person or group of people who invested many years into education and training to be good enough to perform those services. They aren't your slaves, nor do you have a right to force other American citizens to pay their fees to treat you. We DO need to stop the collusion/ Corporatism that allows big pharma to get protectionist treatment by government for exclusive rights to sell medications, and to prevent competitors in other countries from importing their offerings here as legal alternatives.

    1. Re:Capitalism, not Corporatism by iggymanz · · Score: 0

      But we have corporate fascism not capitalism.

      The big pharma, big healthcare, big insurance price spiral is part of that. We've already lost "our values" in that area, have seen that happen during my over half century life.

      More and more wealth is being siphoned off wealthy, middle and lower class to a very small elite class.

    2. Re:Capitalism, not Corporatism by sabbede · · Score: 2
      There is no such thing as "corporate fascism". Fascism is a form of government that came and went in the mid 20th century. It is totalitarian, authoritarian, nationalistic and dictatorial. It actually has more in common with Socialism (with which it was in constant, violent opposition) than anything else, with the main difference being its nationalism vs. Socialism's anti-nationalism. Fascism is anti-Liberal, anti-Conservative, anti-democracy and anti-Capitalist. Corporate Fascism cannot exist as that would mean something has authority over the government. In Fascism, nothing can be above the government. Not business, not the people.

      If you want to say that corporations have too much political power, just say that.

    3. Re:Capitalism, not Corporatism by Areyoukiddingme · · Score: 1

      Single-payer or Socialized medicine is something I just can't accept, even though I accept that it's ONE solution that basically works for other countries. If we stick to our core values and principles that defined America, I think we have to conclude it's unfair to demand medical professionals all get paid a fixed salary, as dictated by Federal government. I think we have to conclude that no, healthcare is NOT a right in America. You have every right to pursue better health for yourself, obviously. But as soon as you need medical care, you're demanding the services of another person or group of people who invested many years into education and training to be good enough to perform those services. They aren't your slaves, nor do you have a right to force other American citizens to pay their fees to treat you. We DO need to stop the collusion/ Corporatism that allows big pharma to get protectionist treatment by government for exclusive rights to sell medications, and to prevent competitors in other countries from importing their offerings here as legal alternatives.

      Yes you can. Your last sentence betrays you. As soon as you said "big pharma", you gave up the game. You're not only for socialized medicine, you're in favor of price controls.

      Aside from that, the medical personnel in single-payer countries are not slaves. They can quit. They can choose never to go into the field as young adults. When they choose to go into the field, they know up front that the fees they earn are set by the government. It may come as a shock to you, but they go into the field for reasons besides money. A good many of them want to help people. This is true of every country in North America and Europe that has single-payer healthcare. No doctor or nurse or surgeon in Canada is a slave. But they have single-payer.

      Single-payer works in those countries because they don't even pretend to let it be capitalist. Not only do other citizens help everyone pay the fees, including themselves, by paying taxes, but the government also sets rates as to what those fees can be, and controls the system right down to the ground so no one sneaks in and exploits it by jacking up prices for this or that product or service. That includes everything from the price of scalpels to the price of educating a nurse. (Zero euros out of pocket, by the way. Education is tax-supported as well.) The end result, in a system that's being run honestly and with good intent, is better health outcomes, longer lifespans, and less worry than the US system.

      I suppose I just put my finger on the problem for the US. Americans are reverting to the world mean where honesty is rare and good intent even more rare. Third world shitholes are third world shitholes because the whole society's attitude is "I'm going to cheat everyone around me just as hard as I can because I know they're going to try to cheat me just as hard as they can." Americans were notable the world over for being trusting. To use the parlance of yesteryear, Americans believed in giving everyone a fair shake. Americans solved the Prisoner's Dilemma by not betraying each other, on a national scale. That attitude is fading, eaten away by the philosophy of sociopaths. If the US doesn't get a handle on its sociopaths, it's going to end up a third world shithole too.

      You might be a sociopath. Working for the government is not slavery. Taxes are not theft. Framing either of them in those terms is inherently dishonest legally, intellectually, philosophically, and religiously. Stop it.

    4. Re:Capitalism, not Corporatism by Anonymous Coward · · Score: 0

      If you want Socialism, fine .... There are many places in the world actively practicing it, and you're welcome to move there

      You're making very free with other peoples' countries.

      For the record - no, we don't particularly want an influx of surly American youths who think they're Entitled to the privileges that generations of our own people have worked so hard to create. A few, fine. But not the sort of numbers this article is talking about.

    5. Re:Capitalism, not Corporatism by iggymanz · · Score: 1

      no such thing? hahaha, if you live in the USA you are living under it. And yes, something IS over the US government. And yes, it has much to do with socialism, the National Socialists were also corporate fascists.

    6. Re:Capitalism, not Corporatism by Anonymous Coward · · Score: 0

      > If you want Socialism, fine .... There are many places in the world actively practicing it, and you're welcome to move there.

      No not really, not many countries would want Americans moving in.

    7. Re:Capitalism, not Corporatism by Anonymous Coward · · Score: 0

      I think we have to conclude it's unfair to demand medical professionals all get paid a fixed salary, as dictated by Federal government.

      Which government is dictating that?

    8. Re:Capitalism, not Corporatism by mesterha · · Score: 1

      I think a large part of the issue is that people mean different things by capitalism and socialism. Who know what these young Americans think about these terms.

      Personally I found an old 50 page or so Libertarian book very informative on this topic. (Can't remember the name, but would love a reference.) This is really a complex, continuous issue and not a binary choice. How much freedom/market and how much regulation/government? Since you need regulations to create a market, we need both; it's just a question of how much of each.

      Another important question is what's the goal. For many libertarians, it's a rights issue. They believe they should have certain freedoms/rights and the government should not interfere. Even if someone could prove to them that such a system had horrible outcomes they wouldn't care as long as long they had certain freedoms. (This brings up the sticky issue of how to evaluate outcomes...)

      Of course, libertarians often try to argue that market outcomes will be the best, but as soon as they open that door, I think their arguments are often unconvincing. A major goal of a corporation is to distort markets and exploit externalities to maximize profits. Government regulation is needed to control this behavior, but the government is susceptible to corruption and that is part of the market distortion. It's a balance between the two and there are problems on both sides. If the goal is to improve outcomes for a particular service, one needs to select carefully.

      I feel healthcare is clearly more effectively done with government control even to the point of single payer. You seem to agree, but think the rights of the doctors outweigh the benefits of the outcome. While I respect that position, I don't think government healthcare conflicts with the core values of America. We have teachers who are hired by the government. That does not prevent someone from setting up their own school and teaching students (with reasonable regulations.) The same can be done by doctors. This idealistic approach is actually against American values. The very reason we allow amendments to the Constitution is to prevent this type of rigid idealistic thinking. However, government healthcare does not require an amendment; it's just a rational choice for a country looking for a better and more efficient outcome.

      --

      Chris Mesterharm
    9. Re:Capitalism, not Corporatism by Anonymous Coward · · Score: 0

      I hate to break it to you, as you sound like a very well intentioned person, but here's a bit of a history lesson:

      This country was essentially founded on wealthy white males basically wielding all the power, and freedom being an illusion in which in reality you are ruled over with an iron fist. The true spirit of America was in defiance of that notion, and every bit of progress that makes America a great country is directly opposed to those founding principles that people like you emote over. When you stop measuring things with your feelings, and instead use actual data, it's impossible to conclude that the American system works for anyone but the extremely wealthy. Where you think a doctor should be able to work their way up to a higher rate of pay, you logically must exclude the fact that people have to be able to afford that rate of pay. if I charged $1 trillion dollars for software development services, I would have no customers. If I charge $100, I'll get LOTS of customers. It's a simple economic issue, and a doctor is not immune to mathematics.

      Here is another truth that you should probably accept if you want the world to make sense to you: there is no such thing as "natural rights". We made it up completely. There are no rights except that which society grants you, and society may grant and remove rights over time as shown through history. Your right to swing your fist ends at the end of my nose, or in other words, a doctor's right to charge exorbitant prices ends when he's arbiting over whether someone deserves to live or die. It would be just as easy to put a gun to the doctor's head and force them to work for free, and society is not opposed to doing that if necessary. Remember that exercising your right to X typically involves removing someone else's right to Y, and it relegates to a power struggle where the most powerful will win. And you are not the most powerful; nobody here is. Society alone is powerful against powerful individuals; individuals who have proven throughout all of recorded history that they will continuously absorb resources they don't even need to be able to sell it to us and thus exert control over us.

      It took decades for me to learn this, and will likely take most right leaning people even longer, but it is historical truth. It doesn't care whether you accept it or not, it will continue to be true whether you like it or not. The sooner you accept it, the sooner you can do something about it other than sting at the wind like a single insect. This is why the left is growing exponentially all over the world; these undeniable truths will hit you someday. I just hope you aren't too old or too comfortable to deny reality when it's can't be ignored anymore.

      Capitalism has always, and will always result in corporatism. There is no greater truth in the world than this, and absolutely no way to deny it without heaping mountains of intellectual dishonesty.

    10. Re:Capitalism, not Corporatism by sabbede · · Score: 1
      I say there is no such thing because of what words mean. Fascism is a specific form of government, it is not a general complaint about authority. That there is authority over you does not mean there is Fascism.

      Mussolini famously stated that "Fascism is Corporatism", and as he invented it he would know. However, Corporatism has nothing to do with corporations beyond a shared etymological root.

      National Socialism is Fascistic. It is part of the same movement of political philosophy. It was never, in any way "corporate". Corporate Fascism would mean Corporations are in charge of the state, yet in Fascism nothing can be above the state. As Mussolini also said, “All within the state, nothing outside the state, nothing against the state.” Thus any corporation must be within the state, and that which is within can never be above as that would entail separation.

      QED

    11. Re:Capitalism, not Corporatism by Anonymous Coward · · Score: 0

      I hope you are never simultaneously poor and ill.

    12. Re:Capitalism, not Corporatism by Nocturna81 · · Score: 1

      Out of interest, how do you view things like roads, police, the fire department, etc? They also have fixed salaries (at least for a subset of them). And as soon as you need a fire put out you're also demanding services from another group of persons. I really don't get the whole anti-socialism vibe even though you already do some very socialist things. Or perhaps I'm misunderstanding you

  150. Re: Everyone knew the pump and dump was coming... by Areyoukiddingme · · Score: 5, Insightful

    Take the US for example where capital accumulation continues indefinitely leading to higher and higher concentrations of wealth. One obvious issue here is this then shifts social power to the wealthy through governmental manipulation.

    Shifts? This presupposes that social power was ever out of the hands of the wealthy. I'm not entirely sure it was.

    From ancient times to medieval times, people in power were rich and rich people were in power. They were practically inextricably linked.

    In the Age of Mercantilism, rich people were so powerful they owned private armies. The Dutch West India Company managed to capture the Spanish silver fleet in 1628, stealing their entire cargo. (Among many other similar things of that era.)

    In the Gilded Age in North America, a dozen men controlled the industry of the entire continent.

    In the 1940s and 50s, television was such a fantastically powerful propaganda tool that Boomers were effectively controlled by a few dozen people.

    Today, a handful of major websites are so influential that Congress holds hearings about it.

    Control has been getting less overt and somewhat more diffuse, but it still rests with rich people. They're having to work harder to maintain it, but they are maintaining it. Tax law benefits them, not me. The courts benefit them, not me. Congress represents them, not me, except by accident.

    When was this mythical time when society was controlled by anything other than rich people?

    It's quite obvious people aren't happy with the current social contract because most citizens are falling further and further into losing their half, so to speak. As such, they're rightfully upset.

    Rich people back through the Gilded Age knew to allow more than mere crumbs to fall from their table. Modern rich people seem to have forgotten that. They have far more medieval attitudes than we've been accustomed to for the past century and a half.

    It's gotten so bad that we're no longer better off than our parents. That's when we really noticed things not going well. I personally am, but my brother isn't. Going down the list of my cousins, only one of them is doing better than his parents, because he married well. The rest are either hanging on, or doing markedly worse than their parents. Looking around my neighborhood, the number of houses with 3 and 4 and 5 cars parked at them is higher than it ever was when I was young, as Millennials either fail to launch and boomerang home, or launch much much later than was previously the norm, because they simply can't afford the real estate to move out. What I see jives with the statistics I hear about.

    The Libertarian Lunatic fringe of Slashdot will be quick to point out that young Americans are being heavily propagandized at their universities about socialism and communism, so it's all their fault. I contend that universities have been propagandizing since the Communist Manifesto was published in 1848. It's gaining traction again now because capitalism is failing to make young people's lives better, for the first time in quite a while. If capitalism was working better for the masses, they would go on ignoring university propaganda just as they did for most of the last 170 years.

    I'm not so sure that there's a generation of people who don't blindly accept what they're told and question, or apply logic and reason. Reading Youtube comments for an hour is enough to disabuse you of that notion. What I am sure of is there's a generation of people looking up from their empty plates and saying, "I was promised cake. Where's the cake?"

  151. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    National Socialist German Workers Party. Ring a bell? The only time you will ever hear of a socialist government being called "right wing"....you know, Nazis

    Now, how many people died under socialist governments? Are you really going to stick with zero?

  152. Re:thanks slashdot by Rei · · Score: 1

    A lot of people here would be glad to be out of NATO.

    You don't have a base here out of the goodness of your hearts. You have it to have a staging point for projecting power (and monitoring for intrusion) in the North Atlantic, to keep threats away from your shores. We didn't tell you leave when you left last, and we didn't tell you to come back when you came back.

    --
    I believe Bird-Person can arrange that.
  153. Re: Everyone knew the pump and dump was coming... by Darinbob · · Score: 1

    Well, you don't need to pay off student loans if you get free education. You don't have to pay off your medical bills if you never get a bill in the first place. We do have countries that are capitlist in some areas but which also have institutions that are very social-democratic in some key institutions. That is because the government controls the means of production in a few places but not all places.

  154. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Oh they have fostered a tribalism that rivals national violence. So much worse

  155. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 1

    Isn't that communism?

    No. If you draw a Venn diagram, socialism would be a big circle, and communism would be a smaller circle embedded within it.

    Communism is socialism, but socialism is not necessarily communism.

    Communism is socialism violently imposed by the seizure of capital by the proletariat without compensation to the original owners. But that is not the only path to socialism. The Fabians believed in incremental socialism, with compensated government takeovers of industries. This was the original goal of the British Labour Party.

  156. Nevermind that it has brought prosperity by SocietyoftheFist · · Score: 2, Insightful

    The Soviet Union failed at that. Yes it was Communism but they aren't too different. Even in socialist countries today you still have the haves and the have nots. People fail to believe that society stratifies on its own and not by the will of some uber ultra elite. There are those that will work to the bone to secure their lives and there are those that will complain that the man holds them down, even when the man is the only thing propping them up.

  157. Re:thanks slashdot by Anonymous Coward · · Score: 0

    * You're mixing definitions when you include Marx's socialism (which predates the modern term) and others.
    * Fascism isn't Marxist in any manner, it's virulently anti-marxist. Collectivist and authoritarian, yes, Marxist, no.
    * Socialism isn't necessarily Marxist, though it can be.
    * Democratic socialism isn't an oxymoron. Actually, non-socialist democracy is kind of an oxymoron. Democracy is *literally* collectivist. It's a very different collectivism than fascism because it is not authoritarian. Anarchism is what you're looking for, for both non-collectivist and non-authoritarian.
    * Communism means the means of production are owned by the worker instead of a separate non-working owner of capital. One way to do that is with an authoritarian government. Another is for everybody to own their own small business and not having "employment contracts" anymore than you have slavery contracts anymore. You can argue that the latter path is not practical, but the principle is not necessarily authoritarian (any more than democracy is -- remember, the Nazis may have rigged the later elections, but they won their first one).
    * Socialism and Communism are abstract concepts that were formalized recently but kind of existed throughout history, Nazis are a specific concrete group. The bit about killing far, far more of their own people in peacetime than the Nazis did in WW2 is one of those "not even wrong" statements which are so ill-posed that you can't really argue with it. Even if it were accurate, it's not an argument against Democratic socialism. If I say "47 is a good number" and you say "but 30 * 8 = 47 * 5, and 30 and 8 have both killed far more people than Nazis!", even if I accept the mathematical premise it doesn't matter because 47 isn't 47 * 5.

  158. Re:Ignorance by SirAstral · · Score: 1

    "My god, the amount of people who latch onto FULL SOCIALISM when they hear anything with the word socialism is staggering."

    Yes, totally, everyone that goes for socialism always just goes right at it, 100% no gradual steps just one giant leap off the edge right into the abyss.

    You are totally clueless. Even capitalism in the USA before it won independence was not adopted overnight. Like everything, there is a slow and gradual movement from one to the next.

    So yea... just a little socialism today leads to more socialism tomorrow and full socialism later. It's not really a mystery either. The grass is always greener on the other side of the fence, and since socialism is on the other side right now, the ignorant folks readily eat at the trough of empty promises of prosperity for nothing... well as long you vote for one of the rich people they say you should hate to rule over you after all.

    It's almost like you guys want to destroy yourselves, you don't want to spread prosperity, you just want to spread poverty because you are angry at your own failure to obtain whatever your definition of success is.

  159. Re:Ignorance by angel'o'sphere · · Score: 1

    Capitalism and free markets are two concepts on different dimensions. They have nothing to do with each other. They onky partly overlap.
    China clearly shows that you can be communist, capitalist and have a free market (albeit ruled by a one party, pseudo democracy)
    Europe clearly shows you can be 'somewhat socialist', capitalist, have a free market and be a democracy.
    For some strange reason the US formed their society by always picking the worst part of: democracy, free market, capitalism and 'no social system'.

    It is no longer 1789 or 1776 ... You are safe to advance into 2018!

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  160. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 1

    then you'll be talking about the ideas that are actually being discussed

    I don't think there are any ideas being discussed. Just people talking past each other.

    The summary clearly contrasts "socialism" with "capitalism".

    Capitalism: Private ownership of capital.

    So if "socialism" doesn't mean NON-private ownership, then what does it mean? If we can't even agree on the meaning of the most basic terms, then discussion seems pointless.

    I understand that what young people want is "Capitalism, but with other people paying for my stuff". But that is not really an "idea".

  161. Re:Ignorance by angel'o'sphere · · Score: 1

    Neither Greece nor Argentinia ever where or are Communist/Socialist.

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  162. Is it really capitalism then? by rsilvergun · · Score: 5, Insightful

    I've got a buddy with Type-I diabetes. The kind your born with and that you die of without insulin. He can't work because the illness kicks the crap out of him for about 2 months every year, and it's a random 2 months. He barely made it through high school. Smart guy, but not Einstein grade smarts so no employer is going to put up with him.

    He's pretty right wing. Has a got family who worked in defense. So he gets his political views from there.

    When asked about healthcare he understands that he needs socialized medicine or he dies. Again, he's smart. He's figured out that in a pure capitalist economy he couldn't possibly earn the money to pay for his care. You should hear the convoluted mess of a healthcare system he came up with that preserves his ideological system while ensuring he gets care. It was like Obamacare but with much bigger subsidies and more guarantees of care. To his credit when I pointed out that he agreed that he'd basically created a socialized medicine but with a 30% surcharge for private insurance profits.

    I'm not saying we can't have a mixed system. I'm in favor of single _payer_, e.g. the gov't pays but otherwise stays out of things. But that's still socialism. At some point I think we have to admit that capitalism as we idolize it just plain doesn't work.

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
    1. Re:Is it really capitalism then? by Anonymous Coward · · Score: 1

      Big pharma companies are raking diabetics over the coals with insulin prices. The CEOs should be put in jail charging over $100 per 10ml vial. The pens are upwards of $300. It shouldn't be this way, but all of the companies have conspired to get rich while killing people. The US government has done absolutely nothing, most likely because they're owned by these companies.

    2. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      The thing is he's already covered by Medicare. People like your friend aren't the one getting screwed by single payer. In fact, single payer isn't really even the problem. It's the unbridled costs of healthcare itself. Sure, companies need to make a profit or there's no incentive for new R&D. But how much is enough? We regulate food, electricity, fuel, telephone service, but when it comes to healthcare? The sky is the limit. And Obamacare did nothing to solve that problem. We can keep healthcare in the hands of private industry and keep it affordable. But someone needs to be the adult in the room and figure out how to control the costs. When the elderly are losing their homes because they got sick we have a broken system.

    3. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      I have type 1 as well, here but feel socialization of healthcare only makes sense.

    4. Re:Is it really capitalism then? by wyHunter · · Score: 5, Interesting

      There's a hugely bizarre attitude toward "socialized medicine." In a capitalist country, one can argue having the LARGEST number of people healthy and able to work is best for the economy, so EVERYONE should have access to healthcare. Not unreasonable. One of the problems we have with medicine is that it's outrageously expensive for no reason why anyone can, or will, tell. Why? Why should a 2 day hospital stay where the only thing you get is 6 IVs of (not expensive) drugs over that time cost almost 20K? Why? When the room isn't clean, and you question whether the staff have adequately washed hands before coming in, etc. Capitalism should encourage efficiency and all I see in healthcare is...the opposite.

    5. Re:Is it really capitalism then? by phantomfive · · Score: 0

      one can argue having the LARGEST number of people healthy and able to work is best for the economy, so EVERYONE should have access to healthcare

      This is a socialist argument, even though you called it a capitalist one. You are trying to decide what will be best for society as a whole, and get the government to implement it.

      --
      "First they came for the slanderers and i said nothing."
    6. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      I recently had knee replacement surgery. 2 day in hospital and bill presented to insurance is $130K. That doesn't include things like fees for the doctor performing surgery, anesthesia .. Granted this is HMO and insurance paid for just 1/3 of bill being in network. $20K seems like a bargain! This is Northern Cal BTW.

    7. Re:Is it really capitalism then? by CronoCloud · · Score: 2

      I'm in favor of single _payer_, e.g. the gov't pays but otherwise stays out of things.

      Yep, in general that's what I'd like to see.

      At some point I think we have to admit that capitalism as we idolize it just plain doesn't work.

      I think it only worked as well as it did post WW2 is that the plutocrats had sons serving along side the sons of impoverished people and sharing stories. And of course the plutocrats knowing that the kids who had been living in tenements before the war might not want to go back to them after seeing Paris. Not to mention the "We are all in this together" attitude the country had during and after the war.

      So the plutocrats had a stronger sense of noblesse oblige and "shared the wealth"

      Vietnam ended that, the kids of the plutocrats had their college deferments. (Plays Fortunate Son by Creedence Clearwater Revival) And so what bonds that had existed in the past between the sons of the plutocrats and the sons of the poor serving together...vanished.

      Related changes in society is why "lodges" aren't much of a thing anymore.

    8. Re:Is it really capitalism then? by CronoCloud · · Score: 2, Insightful

      You are trying to decide what will be best for society as a whole, and get the government to implement it.

      That's what CIVILIZATION as a whole is. You know, Civilization? the thing that took us from stone age hunter-gatherer tribes to what we are now?

      Baba yetu, yetu uliye
      Mbinguni yetu, yetu amina!

    9. Re:Is it really capitalism then? by Anonymous Coward · · Score: 1

      The fundamental debate is basically as follows: "Is it the responsibility of the Government to care for the health of its citizens? If so, where do you draw the line?"

      Previously, the USA drew the line at "It is not the responsibility of the Government to care for its citizens; it is the responsibility of the citizens to care for themselves."
      They revised this to:
      "Except the elderly, who will contribute their lifetime earnings into an account which will care for them in their age."
      It was notably *not* revised to "and children" when Bush veto'd the children's healthcare bill in 2007.
      Under Obama, it was revised to:
      "It is not the responsibility of the Government to care for its citizens*; it /is/ the responsibility to ensure/mandate that the citizens are caring for themselves." *except the elderly, as noted above.

    10. Re:Is it really capitalism then? by djinn6 · · Score: 1

      Simple: consumers in the health care market is price insensitive. Most have insurance, which will pay for everything, so they pick whichever hospital is the most convenient. Yes, that increases costs for everyone in the long run, but it's a tragedy of the commons situation.

      Others might also have no choice. They may not be in a healthy enough state where they can spend time figuring out which hospital is going to be the best cost-wise.

      And then there's the problem that hospitals don't list prices. Most people only know the stay cost $20k after they already left.

      So hospitals can charge whatever price they want and still stay in business just fine.

    11. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      I live in a country with socialized medicine and with constrained capitalism.
      I would not live without either.

      What is constrained capitalism

      No person, entity, foreign or domestic, can contribute more than about $3500/yr to a political organization.
      That limited financement means that the political parties need members, and need membership donations.

      You can become a member with a one dollar donation. Your party vote is worth the same as the billionaire whose contribution was limited to the $3500.00

      Its hard for the millionaire class or business or individuals to buy an election. They are limited in what influence they can apply to get their man elected.

      We also have rules about lobbyists and there again we have similar strict rules.

      Democracy and limited Capitalistic influence not Capitalism and limited Democratic influence.

    12. Re:Is it really capitalism then? by volmtech · · Score: 1

      Insurance companies do not make 30% profit, hospitals, doctors, and medical labs on the other hand, who knows. The government pays for national defense, how's that working out? For single payer medical care to work the government pays to train doctors and nurses and then pays their salary. The government owns and operates hospitals and medical labs. The government develops and manufactures all drugs and medical devices. There should be no profit in health care.

      My wife got her nursing training with a 100% scholarship at a state tech school. She does home care for severely disabled children. She happened to see the paperwork for one of her cases. The private staffing company she works for is paid $45 an hour by Medicaid for one of her clients but they pay her $16 an hour, imagine this for all Americans. Not only does Medicaid happily pay high charges for care it also spends billions for unnecessary or fraudulent charges.

    13. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      That's easy. Laywers and a litigious society. Doctors and hospitals and even drug companies and medical device manufacturers make good money, but they also pay out huge lawsuit damages and need the insurance and cash to be prepared for it.

    14. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      That's funny. If the government implements capitalism, because someone wanted it, then it's socialism, because the government did it.

    15. Re: Is it really capitalism then? by phantomfive · · Score: 1

      Yeah. That's possible because socialism is poorly defined. So poorly defined that it's better to not use the word, and say your idea using your own words. I shouldn't have gotten caught up in this discussion.

      --
      "First they came for the slanderers and i said nothing."
    16. Re:Is it really capitalism then? by Bert64 · · Score: 1

      Capitalism would certainly encourage the maximum number of people healthy and able to work, however it would also draw a line between cost of treatment vs value of the employee...

      If you're so sick that treatment can only relieve symptoms but not restore you to working fitness, then capitalism would write you off and let you die.
      The less value you have as an employee, the less treatment you would get - if you're a low level grunt and you break some limbs that would keep you off work for 6 months, might be more cost efficient to let you die.

      In fact in most of these cases it would be most cost efficient to kill you immediately, so you don't consume any resources as you die.

      Capitalism certainly encourages efficiency, but people are not efficient... We are lazy and corrupt.

      --
      http://spamdecoy.net - free throwaway anonymous email - avoid spam!
    17. Re:Is it really capitalism then? by sjames · · Score: 1

      That's easy. It's that way because they have you over a barrel. The choice is often enough literally accept whatever we give you and agree to pay whatever we demand later of die. You simply aren't in a position to bargain and there is no time for comparison shopping (as if anyone posted prices and success rate anyway).

      Add in that to have anything approaching perfect information, the patient would have to BE a doctor.

      The nature of healthcare is such that the free market can never work properly. That's why it's such an unpopular option in the world.

      It's also why when the GOP had their chance after years of screeching about repealing Obamacare and how much better they could do, they came up with nothing. Even the GOP couldn't stomach the horror of a repeal without a replacement and they couldn't come up with a replacement that wasn't more socialized than Obamacare (or at least they realized they would be lucky if even one Republican stayed in office once the full implications hit their constituents). It's also why we hear such non-sequiturs as "the government better keep it's hands off of my medicare".

    18. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      Perhaps you don't see efficiency in health care because it is one of the most heavily regulated industries on the planet? Not to mention the interference in the market caused by government payments, government subsidies, or government regulated insurance programs?

      The basic fact is that if everyone got every bit of health care they desired, there would not be any money left over for anything else. In Iowa, most insurance companies had to leave the state - because of ONE patient... one patient that required $1,000,000 per month in treatment. No socialized health care system can afford that - Each week would cost more than an average citizens entire lifetime tax payments.

      Socialized medicine programs deal with the problem by putting unofficial caps on healthcare costs. They call it "efficiency", but what it really means is that the government has panels of unelected bureaucrats that decide when you've had enough health care, and when to shuffle you off to waiting lists and alternate treatments.

    19. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      In capitalism, people don't care what is best for "economy". They care what is best for them, PERSONALLY, or maybe for their family.

    20. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      Hopefully the people who make the decision for you to live or die will base it on your labor market efficiency and kill you off. One lazy and corrupt person less is a win for everyone else.

    21. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      Where is this Utopia that you speak of? It surely is not on the Earth that we know.

    22. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      You're wrong. Capitalism "worked" in the US post WWII simply because of a historical accident, namely the US emerging as the strongest power due to its controlled participation in the war.

      Using its power, the US was able to impose for a while on the world an economic system that it benefited enormously from at the expense of everyone else.

      This situation began to crumble in the late 60s, when the world began to catch up. Nixon did a short-time fix through the Nixon shock (by devaluing the dollar, in effect stealing from the US partners who believed that US will honor their financial agreements), and then Reagan put the US on the path of "borrow-n-spend" fiscal irresponsibility, which exploded the US government debt to the brazillions.

      About that time began the stagnation in the real wages of the US workforce, and the increase in inequality.

      In a few more years these will overcome the "patriotism", and the simmering process of social disintegration, which we are observing now as the acrimonious political debate, will probably blow into a real conflict.

    23. Re:Is it really capitalism then? by AmiMoJo · · Score: 1

      Healthcare in the US is extremely efficient... At making profit.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    24. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      Capitalism should encourage efficiency and all I see in healthcare is...the opposite.

      This is a consequence of government involvement. There are strict regulations regarding the production of drugs, certification of the manufacturers, etc. Do away with all that, and capitalism will give you dirt-cheap healthcare.

      Of course, all that regulation does serve to ensure that medicine is safe and effective. A purely-capitalist healthcare system will give you dirt-cheap medicine that sometimes kills you.

    25. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      You are arguing that capitalism doesn't work based on the ramblings of your friend who is crypto-socialist.
      If the government wouldn't takie 70% of his income away from him he could afford the medicine.
      If not he, maybe his family would help him or maybe a fund, or his friends or neighbors.
      If he was a good person he would definitely find help.

      In Poland where health care system is underfunded we the citizens take things into our own hands.
      Look up "siepomaga" or "wielka orkiestra swiatecznej pomocy".
      Yesterday people just funded heart surgery badly needed for a girl that would probably die otherwise.
      It took less then a week.

      You socialists do not believe that human being are capable of compassion. Maybe that's why there is no compassion
      in the extreme socialism (communism) system.

    26. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      Your buddy has other issues, the same kind of issue that leads people to weigh 400 pounds. The health issues of diabetic complications may be very real and now prevent working. But I've been Type 1 diabetic for 50 years, worked with kids with Type 1, and *most glucose control issues are a lifestyle problem*. With modern glucometers and insulin pumps, and food labeling, the only excuse for not being able to manage it is psychological issues, not medical ones. It sounds like what your friend is, is *depressed*. It's a real problem for chronic illness.

      Single payer does not help with this. Test strips are $1/strip, Insulin pumps are roughly $3000/each, the reservoirs and catheters for pumps are $15 each and last at most 4 days, and insulin.... it's $300/bottle retail price, though that's the result of amazing fraud about the benefits of "human" insulin, which is actually not as good as animal insulin but has a slew of new patents on it. It is slightly faster, but causes hypoglycemic unawareness, which was a real problem for me when I had to switch. Even though it was still available, pharmacists *would not provide* animal insulin after a while, I assume due to some kind of kickback. They wouldn't even look it up in the pharmaceutical catalogs!

      Good care for Type 1 can be done with syringes, but it is *much, much harder* than with a pump. And they're expensive.

    27. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      I've been to countries without socialized medicine, where a stay in the hospital like you describe would cost a fraction of that. The issue in the US is over regulation of the medical industry, and greed not only in the medical and pharma industry, but also in the government organizations that oversee and regulate it.
      If I can travel outside the us to a non socialized medicine country and pay around $1000 usd for a procedure which in the us may cost $50,000 in the US, something is wrong. The other issue I see is going elsewhere I can get an idea of the true cost of something, where in the US, you really have no idea how much it will cost until after your insurance is billed and they decide to what extent they will pay.
      In my opinion traveling to asia for elective or non emergency procedures, you get the same if not better care as in the us (assuming you choose the right location), the costs are lower (including travel costs), and you can actually figure out just what the costs are, rather than the guesswork associated with what the cost might be in the US.

    28. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      "Capitalism should encourage efficiency and all I see in healthcare is...the opposite."

      It's because almost nothing in healthcare is directly paid for by the consumer. Almost everyone has insurance or medicare or medicaid. Everyone pays their taxes or premiums, and the consumer never shops around.

    29. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      You forgot to mention the 'outdated' medical billing systems that are still being used.

    30. Re:Is it really capitalism then? by nitehawk214 · · Score: 1

      The capitalism people idolize doesn't exist. Otherwise there wouldn't be subsidies for corporations, farming, or any social services.

      People want to idolize an ideal. But in practice we have a thing that we made work.

      If people wanted to be useful we would argue how much and what kind of subsidies to give, what social services to provide. Instead we get this randian "taxes are the government asserting its violence on the people" and antifa "all corporations are evil and we must have a people's revolution".

      As always, the truth is somewhere in the middle. An on this scale, the middle is very, very far from either extreme.

      --
      I'm a good cook. I'm a fantastic eater. - Steven Brust
    31. Re:Is it really capitalism then? by xvan · · Score: 1

      Open market and less regulations would lower the prices. You can't have it both ways as regulations exclude new players.

    32. Re:Is it really capitalism then? by Anonymous Coward · · Score: 0

      So what is it called in capitalism, when a cure is discovered but not widely reported because of an exceptinally profitable drug (like insulin, also a Canadian innovation) can be used instead? I think there is a treatment now in the US, but I really don't think insulin makers want diabetes cured.

    33. Re:Is it really capitalism then? by lessthan · · Score: 1

      In the healthcare field, how is more regulation bad? I assume that, since regulation is burdensome to the market, most of them stem from "Well, hundreds of people died because we weren't doing that, so now we have to do that." Fresh gloves would be a good example.

      --
      Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
    34. Re:Is it really capitalism then? by wyHunter · · Score: 1

      Perhaps what we need is less politicized regulation? I have no idea what the solution is, alas.

    35. Re:Is it really capitalism then? by wyHunter · · Score: 1

      Actually it's not hugely efficient at making a profit. Most healthcare systems operate at a loss. It's hugely efficient at spending money on nothing in particular, I will giveyou that.

  163. Re:thanks slashdot by BlueStrat · · Score: 1

    Democratic socialism exists when the governing party is socialist, and is democratically elected. There is nothing about socialism, inherently, that disallows free elections... including the ability to elect a party in the next election that does not have a socialist agenda (at which point the term 'socialist' cannot apply).

    Yes, voter-turnout was always excellent in the USSR and East Germany and the Party always won, often by more than 100%, so the gulags and such must have been the will of the people. Nothings says 'love' like a good gulag and some secret police. [eyeroll]

    Go read some history books before you're left standing there watching death & destruction occurring all around you to everything & everyone you cared about, and wondering how it could have happened.

    Protip: What they have in Norway and other Nordic nations is not in any way what the US Alt-Left is pushing for, calling it 'Democratic Socialism'.

    Strat

    --
    Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
  164. Re: Everyone knew the pump and dump was coming... by c6gunner · · Score: 0

    That's like saying that in WW2 people didn't die because of Nazism, but because of totalitarianism. Let's not be silly.

  165. Re:Ignorance by jeff4747 · · Score: 1

    "The kids" are looking at a future where it's financially impossible to ever own a home. The "American Dream" you so love and enjoyed is not at all possible. They're also not able to afford minor things like "children".

    At this point, you will likely launch into an argument about majoring in gender studies, utterly unaware that even STEM majors can't find jobs. We graduate 1.5 STEM majors for every entry-level STEM job opening. Some simple math shows that's a problem for people who got the "right" kind of degree.

    The fact is productivity and wages became decoupled in about 1978. That has resulted in massive wealth being built by a very small few, and the vast majority of people not benefiting from economic growth. That is not sustainable. It's going to be corrected. We can either correct that intelligently, or we can follow your plan of pretending that it doesn't exist until it is corrected through violence. And before you gaze longingly at violence as your desired result, you should remember you are massively outnumbered.

    Those facts are not facts you like. So you pretend they don't exist. Displaying far more ignorance than those you attack.

  166. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    You must have offended one of those black lesbian attack helicopters by claiming that nobody cares about their calls to #KillAllMen anymore.

  167. Lifestyle isn't a choice by Anonymous Coward · · Score: 0

    for every one person I see with real hardship resulting from a debilitating medical condition, or family situation that inhibits earning potential, I see at least half a dozen or more who are in a financial quagmire resulting form their own lifestyle choices.

    I disagree with your perception. People don't choose a lifestyle, they conform to what is expected.

    Naturally I am very ascetic, for a western person. Most of the money I spend on "lifestyle" is because I can't acquire or keep career positions without them. When I wasn't looking for a job, a 10 year old desktop computer and 18 year old laptop was good enough. Eating home-made potato soup and driving a 24 year old car I fix myself worked great for me. Tattered clothes are not bother either. The motto of the modern ascetic is, "fit for purpose is all the good you need."

    But when I'm at work, or looking for new work, I must adopt a radically more expensive lifestyle. Pull out a 2008 cellphone that cost less than a hundred even then during an interview for a devops job and you will get odd looks. Drive anything that has rust on it or a suit that is obviously a 180 dollar off the rack special and business treat you like you don't deserve to sweep the floors. Worse, looking like you are from an inferior economic class despite piles of accolades, training, education, and experience in your field very much reduces your compensation; the only way companies show their respect.

    Making and retaining friends requires the same investment. I have a living room filled with furniture and entertainment options I don't use. A few thousand spent so company can maintain their lifestyle at my expense in my house.

    And I'm sure you can imagine what women think of ascetic men.

    We live in a capitalist society where you must spend money you might not have on things you don't need or want in order to get the things you do need or want, even if the latter are in the "best things in life are free" category.

    1. Re:Lifestyle isn't a choice by b0s0z0ku · · Score: 1

      Car? Park a half mile away, take an Uber to the occasional interview. Cheaper than a car lease. Renting a new car occasionally also works nicely. Usually, you can get $20-30 per day if you plan in advance.

      Phone? Buy one on Amazon for interviews; their return policy is rather lax.

      Women? If she's not happy to date you with an old Android phone and a 25-year-old car, then she's really not that into you. Best to know now, not after you get married. She's going to spend time with you, not your car or pone.

  168. Re: Everyone knew the pump and dump was coming... by tbannist · · Score: 1

    This is a reasonable discussion to have. I tend to favor market forces wherever possible, and I think the concept of a welfare state is a flawed one. I do support using the government as a safety net, but I believe the goal of the safety net should be to get people back on their own two feet if at all possible. I think this can be achieved by rejiggering incentives for the people running and participating in the programs.

    One problem is that it kind of looks like every time someone tries to rejigger the incentives, politics gets involved and the result ends up being even less effective at encouraging results, often because too much effort is put into designing the sticks and virtually none into designing the carrots.

    --
    Fanatically anti-fanatical
  169. Re:thanks slashdot by omnichad · · Score: 3, Informative

    but real socialism looks different. Trust me.

    Ah, the No True Scotsman argument. Any ideology taken to a logical extreme is bad. This includes both capitalism and socialism. Demonizing one over another is silly, because capitalism, socialism, and communism all have high ideals at their core - and they've all been twisted beyond recognition as a means to an end. It all comes down to who is the one with power - a government, a dictator, or the people themselves. In the US, the people themselves have less power than ever, even when capitalism is what gave them the power in they used to have in the first place.

  170. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 2, Interesting

    Who died as a result of capitalism in and of itself?

    As a result of capitalism? Or "capitalism" as it's being practiced? We've had a long string of "you can't make an omelette without breaking an egg" followed by "mommy gubbamint! mommy gubbamint! wipe out my debts and save me from debt servitude, people want me to pay for the eggs I broke!" Take a look at the long list of Superfund sites as it grows year-to-year and tell me not one person died from any of those disaster zones.

  171. Re: Everyone knew the pump and dump was coming... by Miamicanes · · Score: 3, Interesting

    One good way to partially fix the House of Representatives would be to change the way the Speaker is elected:

    1. Allow Representatives to vote for ANY House member to be Speaker... by secret ballot, using a Condorcet method. No nominations, and members can't refuse if they win (otherwise, parties would just punish any representative from their party who accepted the position without their approval). Representatives can vote for as many or as few members as they like, and indicate different preferences for those they vote for (with everyone they don't vote for at all being treated as "last choice, with equal preference... so even someone who loyally supports his or her party's choice for Speaker would, at a minimum, have to vote for everyone in the party... assigning the party's choice as their #1 choice, everyone else in the party as their #2 choice, and everyone else as choice #3).

    2. The top three candidates from step 1 run against each other, once again via secret ballot among House members. If one of them gets a simple majority, he/she's the new Speaker. Otherwise...

    3. The top two candidates from step 2 have a run-off election (also by secret ballot). If one of them gets a simple majority, he/she's the new Speaker.

    4. If, however, step 2 produces a result where the top candidate wins a plurality & the remaining two are tied, or if step 3 produces a tie, step 2 is repeated... but this time, under Condorcet rules (as per step 1).

    Electing the Speaker this way wouldn't be likely to result in a Speaker who's from a party different from a majority of Representatives... but it WOULD effectively throw a monkey wrench into either Party's ability to enforce party discipline on Representatives, and quite probably result in the election of Speakers who are absolutely, positively NOT the first choice of the Party's own leadership. A Speaker who gets to be TOO heavy-handed about bringing representatives in line would be unlikely to win again, because he'd ultimately piss off too many members of his own party. By keeping the votes for Speaker secret, Representatives could freely vote against those who've pissed them off or antagonized them without fear of reprisal or punishment by the Party.

  172. long live the king by cwatts · · Score: 1

    Capitalism is doing just fine.

      I worry more that government by representative democracy has become unworkable. We need drastic action, and quickly. I don't know what it is.... I have wondered out loud before if we should form a third legislative body, a sort of jail where we put people from either existing house when they stonewall, change the rules,. obstruct, etc. How we choose who to put in there is a question, essentially whoever behaves badly (by some objective measure) goes to jail for a year. Or slash a legislator's vote value to half a vote!

    Now I know how *I* identify obstructionist legislators but someone smarter than me needs to find a
    way to do it objectively. Whatever it is, there needs to some incentive for legislators to compromise and make some progress. The penalty for not doing so should be severe, (It used to be that they weren't re-elected but clearly that no longer works. Voters now reward obstructionist behavior)

    Or maybe we should just get an AI to run/be the congress.

    I reserve the right to make this more coherent later... end of sermon!

    cw

    --
    chris watts íë¦ìS ì(TM)ì
  173. Re:Perspective is required by angel'o'sphere · · Score: 3, Interesting

    I think Americans need to travel abroad more and get a broader perspective.
    That is problematic.
    No guns
    Driving at 18, not 16
    Drinking from 16 on, not 21 (even in public on a bench in a park)
    Having sex from 14, not 18
    Walking to school
    No police sirens all day long
    Working and afordable public transport
    No elevstors in most houses
    Food that actually tastes :) oki, I exagerate

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  174. Need some skin in the game.... by Anonymous Coward · · Score: 1

    You should not comment on the greatness of socialism until your tax bill hits at least $5,000 a year.

  175. Smokers die from their own choice by KalvinB · · Score: 1

    Regulating pollution causing industry has nothing to do with socialism or capitalism. Government should regulate irrational behavior.

    1. Re:Smokers die from their own choice by teg · · Score: 1

      Regulating pollution causing industry has nothing to do with socialism or capitalism. Government should regulate irrational behavior.

      They should regulate behaviour that is perfectly rational too. Tragedy of the commons and externalities (where your operation causes negative effects somewhere else - e.g. if you dump something in the river and the effects of this is further down). Also, in some cases the consequences of a risk taken by the owner might not be acceptable: E.g. a nuclear plant owner might be willing to take a very different risk (particularly when shielded by incorporation) than the society around it.

  176. Everyone should live in a commune... by Karmashock · · Score: 2

    Everyone should live in a commune for a year in college or there abouts. Naturally, maintain your studies etc but much of the romance of utopian economic models is that people don't really viscerally understand them... understand the pros, the cons, the function, and the dysfunction.

    Live in that context and the attraction of the greener grass on the other side of the fence loses its luster.

    --
    I've decided to stop wasting my time responding to AC trolls/sockpuppets... so if you want a response from me... login.
    1. Re:Everyone should live in a commune... by Anonymous Coward · · Score: 0

      take away all the products of capitalism too. like modern transportation, communications, and medicine.

  177. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 1

    it is responsible for the distribution of the produced goods and services.

    When economists talk about "production" they mean the production of goods AND SERVICES. Distribution is a service.

    Production of physical goods is about 20% of the economy of developed countries. The other 80% is services.

    We want to see less focus on propping up private industry

    Capitalists see subsidies as Lemon Socialism. Liberals see subsides as a form of capitalism. The capitalists have a better claim: The TARP bank bailout, and the auto industry bailout were both passed by Democrats, and opposed by Republicans.

  178. Re:Ignorance by painandgreed · · Score: 1

    The war here is simple... They want us to become Venezuela...

    Naw, that this says is that they want us to become Canada or Northern Europe. Where they wish they had grown up, and where they'd probably think would be a better place to raise their kids.

  179. Re:thanks slashdot by angel'o'sphere · · Score: 1

    But during that time there nither was the population nor the weaponary available like tanks and machine guns.
    It is not communism/marxism that kills people, people kill people.

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  180. Re:thanks slashdot by LubosD · · Score: 1

    I disagree. Socialism - wherever applied - always left a destroyed country with a failing economy and a huge inner debt (e.g. in infrastructure).

    I've never seen that happen with capitalism.

  181. lol mean IQ by Anonymous Coward · · Score: 1

    NEWS JUST IN 50% of People below average intelligence, read all about it!! ... even less vote, continued south American Importation will push it further down

  182. Re:thanks slashdot by Train0987 · · Score: 1

    Starvation kills a lot of people when socialism takes hold.

  183. Re: Everyone knew the pump and dump was coming... by angel'o'sphere · · Score: 3, Insightful

    Sure, if taxes are so important and you prefer to pay premiums for healthcare, pension and the school education of your kids, and need a gun to feel save, and several cars for your family to go around over the course of the week, then Denmark is nothing for you.

    If I earn a million per year, or for funk sake only 100,000 ... I don't care if the tax is 33%, 50% or in case of fhe million, even 90%

    For what would I need more than 50,000 - 100,000 disposable income?

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  184. Re:thanks slashdot by Train0987 · · Score: 1

    You can't have both open borders and a socialist welfare state. Choose one or the other. The more hardcore socialist a country is the stricter their border enforcement.

  185. Re:thanks slashdot by Dread_ed · · Score: 1

    "...high immigration is only a problem if you're racist...."

    This is a moronic and demonstrably false statement. Anything else you say is beyond suspect.

    --
    When the only tool you have is a claw hammer every problem starts to look like the back of someone's skull.
  186. Re: Everyone knew the pump and dump was coming... by angel'o'sphere · · Score: 1

    Socialism: Government ownership of the means of production.
    That is communism, not socialism.

    The greek never had a 'danish model'.

    Only the scandinavian countries have ...

    When young people say they want socialism, they really mean they want someone else to pay off their student loans.
    No, they want a good education that does not force them to get into debt at the first place!
    Big difference. And most likely they want healthcare, welfare and pensions ...

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  187. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    You're confusing Communism with Socialism. Furthermore, Socialism is necessarily totalitarian since the state owns the means of production.

  188. Re:thanks slashdot by Anonymous Coward · · Score: 0

    It's simply a stated fact by the DSA - their end-goal is for workers to own the means of production (through legally mandated takeover, since there is nothing stopping them from asking Unions to buy/manage/own businesses currently) - https://www.vox.com/policy-and...

    It's just a rebranding of Communism to try and sneak it by people who are confused by words.

  189. Re:thanks slashdot by stephenmac7 · · Score: 1

    Those Christians were not communist. "No one claimed that any of their possessions was their own" means they acknowledged that they were stewards of God's property, not that they advocated for governments to take their and others' property.

    No, there's a word for what they were: generous.

    --
    "No man's life, liberty, or property are safe while the legislature is in session." -- Judge Gideon J. Tucker
  190. confusing a free market with capitalism by mx+b · · Score: 4, Insightful

    small "c" capitalism is something a free society has to have, i.e. the ability to buy and sell goods in a relatively unfettered market.

    You're confusing a free market with capitalism, which is not the same thing. It's also a very common mistake to make given the propaganda in the US that intentionally wants us to associate "freedom" with capitalism.

    Capitalism simply means private ownership and control of resources -- land, natural resources, and modern industrial means of production. Private ownership means generally speaking a person (a dictator or monarch) or a small board of directors (an oligarchy) make all the decisions about the use of resources and production. On the surface, this seems like a very fair thing -- you own it, why shouldn't you get to decide? -- but the problem with this line of thought is the scale we're talking. When a capitalist decides to clear cut a forest, that forest is now gone and even if he sells the land later, no other person gets to use that forest ever again. What if someone else wanted to create a park? Too late, capitalist decided already. What if a majority of people in the area wanted a park instead of a clear cut field? What if that forest and all those tree roots helped soak up water and prevent flooding, but now without it, surrounding neighborhoods easily flood? What if that forest held a rare species of tree or animal that could have lead to a medical discovery? Even if we needed to cut the trees down for firewood or paper or whatever, maybe we would have preferred to the wood go to local community members and not sold in China or wherever? Too late, capitalist already decided.

    That's the problem with private ownership of resources and production. Most if not all resource use decisions actually impact all of us, at least community-wide if not planet-wide (as climate change is producing). And yet we are allowing monarchs and oligarchs make those decisions for our communities and nations without any input. Is that fair and just for someone else to decide things that impact your family and community without you having any say in the process whatsoever? I understand you might not always get what you want, but right now you don't even have a vote. A CEO decides and that's it, can legally do what they want (within broad confines of regulation that politicians continually cut and weaken) and completely ignore you and your family and your community. If it makes your house flood more, they don't care. If it causes environmental damage that gives you and your family lung cancer, they don't care. You don't have any say.

    Socialism is the idea that resources and production should be publicly-owned and democratically managed. That's really all it is. Because of certain historical events people confuse socialism with authoritarian takeovers of those countries, but again, like the free market and capitalism, they are not the same thing. All we're talking about it more democracy, that you and your family and your community should have a vote and decide how those resources are used and that it should not be left to private decision-making behind closed doors by people who don't necessarily live in your community or even country.

    Note also, as a common misconception, that socialist theory typically distinguishes between "private property", which is private ownership of natural resources and industrial means of production, and "personal property" which is your family home. Socialists don't generally care about your family home or your toothbrush or your clothes or your car, do whatever you want at home when you're not bothering anyone. No one is going to take your house. It's about democratizing economic decisions for the big industrial questions that affect all of us, it's about making sure no one businessperson CEO can force their economic vision on you and the community, you have to all agree together democratically. You get more individual freedoms and more say-so under a democratic system -- both politic

    1. Re:confusing a free market with capitalism by fatwilbur · · Score: 1

      The problem with your theory is that while it sounds all nice and Utopian having everyone work together cooperatively, in reality these schemes never work.

      The big benefit of the current system is that other than regulations successively placed to control excesses, it has evolved very naturally - in other words, it reflects naturally how humans most efficiently work together to get things done. The centrally planned, "this is how we will all work in glory together" concepts such as these never, ever work outside of a thought experiment. A good example is your laughable democratic decision making process.. we already see in many city councils things going too far down the "democratic" decision making method, and what it means in reality is shit never gets done, and the economy and thus quality of life suffers.

    2. Re:confusing a free market with capitalism by Anonymous Coward · · Score: 0

      And yet all the actually socialist, not social democrat, countries engaged in at least as much environmental degradation as the big bad corporations of the west. The Soviet Union and China were as brutally industrial or worse than anywhere else.

    3. Re:confusing a free market with capitalism by redlemming · · Score: 1

      That's the problem with private ownership of resources and production. Most if not all resource use decisions actually impact all of us, at least community-wide if not planet-wide (as climate change is producing). And yet we are allowing monarchs and oligarchs make those decisions for our communities and nations without any input.

      Here's where we find a couple of big errors in your assumptions:

      1. It's not most decisions that are significant in impacting us in a negative way. Many decisions impact us in a positive way, and many others are not significant. The standards of living - and lifespan - for the majority of human beings in developed nations have gone up considerably over the past century or even the past few centuries. This reflects positive impact, much of which comes from a great many private decisions (with some government assistance in some cases, but generally not anything resembling complete government control).

      Voting on every decision, or even a majority of decisions, is utterly impractical - and is likely to hurt the decision making that leads to positive results. Even with computers, the world is simply too complex for central decision making to work well. Hence, it isn't practical for the public OR the government to have input in most decisions, and trying to do the impossible always leads to bad results - typically far worse then if no collective action had been taken at all.

      20th century history shows that you inevitably end up with special interest groups controlling things in such situations, at considerable harm to society as a whole. This is the true lesson taught by this history.

      Even in WW2, where the US economy had some central control, the majority of the production was managed through private techniques developed by people like William S. Knudsen, a former corporate CEO who agreed to set up the wartime production system for a dollar a year out of patriotism. He set up the system to work efficiently given how real world businesses actually work - because he knew that world from the inside, having rising through the ranks from a low level worker to CEO. There was some government oversight in this system - mostly to handle conflicts between the different entities involved (including competing demands from different government entities as well as private ones) - but the majority of the system was handled through traditional capitalist production techniques.

      2. There definitely IS input in MANY of the big decisions in capitalist societies - especially the ones that do have the potential to impact people in a negative way. Every developed nation has some form of environmental regulation, for example. Every developed nation has some form of regulation for health care (however limited or flawed it may be, in cases like the USA). These developed nations are all capitalist nations - if they were socialist the workers would control the means of production, and that's not the case. Instead of giving the workers control, high taxes are used to implement socially beneficial policies (in theory, some nations come closer than others, and a lot of bad and counter-productive ideas get implemented along with the good) - but that's not socialism.

      Norway in some ways actually comes the closest to being socialist - because of the state owned oil company - but even there some 70% of Norway's GDP is developed through other privately owned business. Europe as a whole has about as many billionaires are the USA - and they control a substantial portion of the means of production. These ARE capitalist nations.

      Even as early as 1776 Adam Smith recognized in The Wealth of Nations (the first book on capitalism, though the term itself didn't yet exist) that regulation was an important part of a healthy economy that worked to the long term public benefit. Modern nations have many such regulations. Private ownership does not imply people can do whatever they want - ownership is not an absolute.

      In practice, these regulations

    4. Re:confusing a free market with capitalism by Anonymous Coward · · Score: 0

      This is the most retarded argument I have ever heard.
      You realize that the government has to give the company a permit for clear cutting the land right?
      You realize that they have to get a permit for doing anything with natural resources right?
      The fact that your country is so corrupt that these things just go to the highest bidder is separate from capitalism.
      You vote for the asshole politicians handing out permits, so take the fucking responsibility for their actions.
      Companies have to do environmental impact studies, and help communities.
      How do I know? Because we had an american company mining in our country that had to follow all their american rules.
      That company almost single handedly made our country solvent.
      Whatever the problem in america, it isn't capitalism. It's mostly that you vote for shitty politicians in your political shit show endorsed by the media for the ratings.

    5. Re:confusing a free market with capitalism by Anonymous Coward · · Score: 0

      Socialism meanwhile is about recognizing that since all of us contributed, we all deserve a share of the profits. When it comes to community decisions, the community should benefit, not any one private individual.

      There's the rub, not everyone contributes.

      Looks good on paper, has never worked in practice.

    6. Re:confusing a free market with capitalism by Anonymous Coward · · Score: 1

      Because of certain historical events people confuse socialism with authoritarian takeovers of those countries

      You're glossing over a very important point here. Every single country that has implemented socialism, with public ownership of the means of production, has devolved into authoritarianism. In bad cases (China, Germany, USSR), this has involved the execution of millions of their political opponents, and the deaths of tens of millions from starvation when the socialist economy fails. Whatever pretty theorising you may do about the benefits of socialism, *empirically* it leads consistently to disaster.

    7. Re:confusing a free market with capitalism by Anonymous Coward · · Score: 0

      small "c" capitalism is something a free society has to have, i.e. the ability to buy and sell goods in a relatively unfettered market.

      You're confusing a free market with capitalism, which is not the same thing. It's also a very common mistake to make given the propaganda in the US that intentionally wants us to associate "freedom" with capitalism.

      Capitalism simply means private ownership and control of resources -- land, natural resources, and modern industrial means of production. Private ownership means generally speaking a person (a dictator or monarch) or a small board of directors (an oligarchy) make all the decisions about the use of resources and production. On the surface, this seems like a very fair thing -- you own it, why shouldn't you get to decide? -- but the problem with this line of thought is the scale we're talking. When a capitalist decides to clear cut a forest, that forest is now gone and even if he sells the land later, no other person gets to use that forest ever again. What if someone else wanted to create a park? Too late, capitalist decided already. What if a majority of people in the area wanted a park instead of a clear cut field? What if that forest and all those tree roots helped soak up water and prevent flooding, but now without it, surrounding neighborhoods easily flood? What if that forest held a rare species of tree or animal that could have lead to a medical discovery? Even if we needed to cut the trees down for firewood or paper or whatever, maybe we would have preferred to the wood go to local community members and not sold in China or wherever? Too late, capitalist already decided.

      That's the problem with private ownership of resources and production. Most if not all resource use decisions actually impact all of us, at least community-wide if not planet-wide (as climate change is producing). And yet we are allowing monarchs and oligarchs make those decisions for our communities and nations without any input. Is that fair and just for someone else to decide things that impact your family and community without you having any say in the process whatsoever? I understand you might not always get what you want, but right now you don't even have a vote. A CEO decides and that's it, can legally do what they want (within broad confines of regulation that politicians continually cut and weaken) and completely ignore you and your family and your community. If it makes your house flood more, they don't care. If it causes environmental damage that gives you and your family lung cancer, they don't care. You don't have any say.

      Socialism is the idea that resources and production should be publicly-owned and democratically managed. That's really all it is. Because of certain historical events people confuse socialism with authoritarian takeovers of those countries, but again, like the free market and capitalism, they are not the same thing. All we're talking about it more democracy, that you and your family and your community should have a vote and decide how those resources are used and that it should not be left to private decision-making behind closed doors by people who don't necessarily live in your community or even country.

      Note also, as a common misconception, that socialist theory typically distinguishes between "private property", which is private ownership of natural resources and industrial means of production, and "personal property" which is your family home. Socialists don't generally care about your family home or your toothbrush or your clothes or your car, do whatever you want at home when you're not bothering anyone. No one is going to take your house. It's about democratizing economic decisions for the big industrial questions that affect all of us, it's about making sure no one businessperson CEO can force their economic vision on you and the community, you have to all agree together democratically. You get more individual freedoms and more say-so under a democratic

  191. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    None of those are Socialist countries. I know Bernie told you otherwise, but he's an idiot and doesn't know what he's talking about.

    I mean, for Christ's sake, Sweden doesn't even have a legal minimum wage.

  192. Re: Everyone knew the pump and dump was coming... by angel'o'sphere · · Score: 1

    By definition of an US american, they probably would be socialist.
    In fact they are capitalist social democracies ... and that has close to nothing to do with socialism.

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  193. Wrong as usual by SuperKendall · · Score: 1

    As long there is strong regulation behind it keep things honest and upfront.

    It's when you have a lot of regulation that capitalism changes to Corporatism, since only large companies have the cash to abide by, and pay for changes to, regulation.

    There is a place for some regulation but "strong regulation" is where capitalism starts and decline begins.

    --
    "There is more worth loving than we have strength to love." - Brian Jay Stanley
  194. mod parent up by bussdriver · · Score: 1

    Like 1984 warned, capitalism and socialism are dead words that have little actual meaning and have become almost empty brand names. It is extremely difficult, especially in the USA, to have a serious discussion about either ISM.

    Capitalism that Smith promoted he justified using socialist arguments, it still is to this day! When you say something benefits the most people in the long run as a reason for doing something you are taking a socialist position. "The needs of the many out way the needs of the few".... to quote Spock. The argument for capitalism is that it's the best system for everybody in the end to let some anarchy decide winners and losers. We keep fighting over how much anarchy to allow and what kind of controls when we impose rules. When you have no anarchy, you're on the communist side of the spectrum -- and as usual, simpletons on either side see any steps way from their position as a binary.

    Americans especially confuse communism with socialism; so much they seem to think they are synonyms.

  195. Re:Ignorance by omnichad · · Score: 1

    The grass is always greener on the other side of the fence, and since socialism is on the other side right now,

    By that argument, you can only go so far over the fence before self-correcting in the other direction. That's kind of the opposite of what you were saying earlier in the post. Yeah, we might need more socialism in this country. But not at the expense of capitalism. However, the pendulum has already swung too far on the capitalism side. That's why there's a need to rebalance in the first place.

  196. Re:Everyone knew the pump and dump was coming... by tbannist · · Score: 1

    Except in this case, this is the first generation, where it seems a majority of them are wanting to fundamentally change the society and system that have grown this country to the great level it has reached.

    There's always an excuse for why this time it's different, and yet it always seems to be the same complaint (the new generation isn't exactly like me) and the same result (a generation that is nearly identical to the one that preceded it).

    --
    Fanatically anti-fanatical
  197. Re:thanks slashdot by Anonymous Coward · · Score: 0

    A lot of people here would be glad to be out of NATO.

    Thankfully there are sufficient grownups still around that remember the consequences of past European naivety.

    keep threats away from your shores.

    Threats? What threats? By the contributions Europe has made one could be forgiven for thinking the only threat in this world is lack of free stuff.

    We didn't tell you leave when you left last, and we didn't tell you to come back when you came back.

    Yeah, that has a lot to do with who is footing the bill. You want sovereignty? Pay for your own defense. Otherwise STFU, about this and anything that is a consequence of it, including your supposed "socialism."

  198. Capitalism is economic ransom by mx+b · · Score: 1

    Or young people see the generation before them loaded with debt and unable to afford to purchase a house, see a political ruling class that does not care about them, and see companies making record profits and all the money going to an increasingly smaller percentage of the population and are realizing "yep, the system's broken".

    And everything you describe is a symptom of consumerism, not capitalism.

    Consumerism is a social and economic order that encourages the acquisition of goods and services in ever-increasing amounts.

    Capitalism is an economic system based on private ownership of the means of production and their operation for profit.

    It's easy to confuse the two, and certainly they're related, but it's not as simple as that either. Private ownership of resources and the means of production gives one a vast amount of economic power the larger a business grows, and at some point that economic power is enough to project political power as well. The ruling class becomes all about pleasing the private corporate owners, partly because they might personally profit from such arrangements, but also because of a concern that the private owner will hurt the economy and community or even nation as a whole if they don't get what they want. How many times do football teams threaten to leave if they don't get a publicly-funded stadium built? How many times does Harley Davidson or other companies threaten layoffs and to go to other countries if we don't give them free money in the form of tax cuts? How many times have the banks insisted they need a bailout or they will let the mortgage market take down the world economy? Capitalists essentially hold the rest of us for ransom with their economic power.

    the root problem is that too many people feel like they have to own the latest iPhone and iPad or Samsung Galaxy phone and Galaxy tab (as soon as it comes out each year) as well as drive a new Mercedes or BMW, go on an overseas vacation every year, and go out to eat with friends every night when they are in their 20s and early 30s. When young adults spend 110% of their earnings and don't start saving for retirement until around age 40, of course we are going to end up with the state of things we see now.

    Hang on here, has it occurred to you that capitalism has caused this? I think you're conflating two different groups of people here. The poor can't afford BMWs or overseas vacations. Most grocery store meals are designed with "the family of four" in mind and so depending on what you eat when you are out (and how many leftovers you bring home for tomorrow) it can be cheaper to eat out than cook at home and be wasteful. Most people don't buy phones but rather lease/rent them, and you get automatic upgrades every year or two, so it's entirely possible for someone to have the latest phone and still be paying only $20 per month or so, and it's not exactly easy to find a job without a phone number and internet access (for many people, their phone *is* their way of accessing the web and email too, they don't own high-powered desktop rigs) so it's a necessary expense.

    The expensive lifestyle problems are the rich being wasteful, which capitalism encourages because you have to always buy to make more and more profit. For the poor, they are expected to take on more and more bills and debt in order to keep up with the middle class and have even a chance at getting a job and avoiding poverty/homelessness. The poor cannot win that race long term, and we're seeing that in statistics as more and more people drop out of the workforce, are forced out of their homes, declare bankrupcty, all while wealth inequality skyrockets.

    This is all capitalism. It all stems from the wealthy using their economic power to extort money out of the poor. It creates a dog-eat-dog culture of consumerism and stru

    1. Re:Capitalism is economic ransom by b0s0z0ku · · Score: 1

      You generally have a point, but what's the deal with "grocery store meals?" If you cook at home, you cook -- you don't buy ready-made meals. You don't have to use all ingredients for one meal, or you can "over-produce" and eat leftovers for a few days.

      Also, many (most) stores allow you to buy different quantities of ingredients like meat or veggies -- ask at the counter for meat/fish, or scoop it into a bag to be weighed in the case of veggies.

    2. Re:Capitalism is economic ransom by mx+b · · Score: 1

      I was referring to quantity more so than ready-made. Depending what you need, it's sometimes difficult to find a non-ridiculous quantity for a reasonable price. It used to also be harder to do so under food stamps (there were many restrictions on what sorts of things you could buy, most fresh vegetables didn't even count) but they now cover a much greater range of things.

    3. Re:Capitalism is economic ransom by El+Cubano · · Score: 1

      Hang on here, has it occurred to you that capitalism has caused this?

      Capitalism causes consumerism in the same way that a woman's choice of attire causes sexual harassment and that a blown out tire causes pot holes on the road. That is, it doesn't.

      I think you're conflating two different groups of people here. The poor can't afford BMWs or overseas vacations.

      You are conflating two different groups of people. The poor cannot afford BMWs or overseas vacations, but plenty of middle class people (lower middle class and straight up middle class) live paycheck to paycheck because they choose to. They take out home equity loans to consolidate debt and promptly load up the credit cards again, so now they have the mortgage, the home equity debt, and the credit cards again. Or worse, they take out a loan to pay for a vacation (I am stunned how often people do this).

      Buying things you cannot afford is almost uniquely a middle class problem. The poor people I know make do with less. The middle class people I know get what they want because they want it and they have credit, so why not?

  199. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    If you add in your medical/dental/vision costs and your 401(k) costs you get to 50% - which is exactly the same as the Denmark model, except you get worse healthcare and less-certain retirement funding. Why exactly are you against the Denmark system, again?

  200. Re: Everyone knew the pump and dump was coming... by omnichad · · Score: 1

    If we had some electoral reform that left room for more than two political parties

    Ranked-choice voting.

  201. Re: Everyone knew the pump and dump was coming... by MightyYar · · Score: 1

    I tend to favor approval or ranked voting systems as well. I'd like to see such reform extended to general elections.

    In your example, why not simply go with the Condorcet winner?

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  202. Re: Everyone knew the pump and dump was coming... by omnichad · · Score: 1

    So this whole overblown mess over the last few years is that young people wanted to use shorthand to describe an ideology and the word means something else to the old people? And older generations couldn't just accept that language evolves and that slang/vernacular exists? If nobody was talking about the Venezuela model, maybe it's time to just accept that nobody here is using the word to mean that.

  203. Re: Everyone knew the pump and dump was coming... by omnichad · · Score: 1

    And companies rising to the top on their own merits and not getting handouts is also a capitalist ideology, so there really should be no conflict. We the people create a government to pool our resources to serve we the people.

  204. Perfect information myth by bobbuck · · Score: 1

    This is wrong.

    https://wichitaliberty.org/free-markets/myth-markets-depend-on-perfect-information-requiring-government-regulation-to-make-information-available/

    1. Re:Perfect information myth by Anonymous Coward · · Score: 0

      That link doesn't even make an argument and just devolves into complaints about licensing doctors. One example right or wrong certainly doesn't make an argument.

  205. Re: Everyone knew the pump and dump was coming... by MightyYar · · Score: 2

    Agreed. Part of the reason for this is the absolutely poisonous attitude people have when debating safety net programs. The discussion devolves to welfare queens vs not caring about the poor. When I talk to liberals about reforming safety net programs they immediately become suspicious that I'm trying to destroy them. When I talk to conservatives, I get lumped in with liberals. I don't mind "helping" people, but in my opinion it isn't really helping people to keep them cooped up subsisting in ghettos or trailer parks with no way to support themselves. The government bureaucrats need to be incentivized to get people off of assistance, but not the way it was done in the past. The so-called "welfare reform" from the 90s did indeed remove people from welfare roles, but really just shuffled them over to long-term disability. That's not what I mean by "helping" :) On the recipients side, they need to have proper education and given some carrots to move to where the jobs are. You can train someone to be the best widget maker in the whole world, but if there isn't a widget factory nearby it won't help them.

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  206. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 1

    That is communism, not socialism.

    No, that is socialism. Communism is a subset of socialism. Cuba is communist. Venezuela is socialist, but not communist.

    The greek never had a 'danish model'. Only the scandinavian countries have ...

    The Greeks had the same model. The only difference was cultural. Poor work ethic, lower productivity and more tax evasion meant the same model failed in Greece. Same for Detroit. The "Nordic Model" is successful because they are Nordic, not because they are "socialist". Even in Scandinavia, their social model is not working well for refugees from other cultures, and there is a right-wing backlash against the "lazy freeloaders".

    they want healthcare, welfare and pensions ...

    That is just normal liberalism/progressivism. It is not "socialism".

  207. Re: Everyone knew the pump and dump was coming... by MightyYar · · Score: 1

    I'd love that, or even just approval voting.

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  208. Re: Everyone knew the pump and dump was coming... by omnichad · · Score: 1

    I understand that what young people want is "Capitalism, but with other people paying for my stuff". But that is not really an "idea".

    Then you misunderstand. I'm a little less young. I want to help make sure that everyone has an opportunity in life because that's the kind of society I want to live in. My needs are met, but something bad could happen to me. I pay taxes so that I could help the people who need it now, because I may one day be the person who needs it. I can still earn more money through my own effort - so I still very much embrace capitalism. Social safety nets are really the only thing that could make healthcare affordable - Obamacare is not that.

    I also like having public roads and highways. That's no less "socialist" under the current vernacular use of the term. Get over the hangup that it has a domain-specific meaning that's not being referred to by the general public. Just like you can get over the fact I call the music device in my car a radio, when it's actually an FM radio receiver and amplifier.

  209. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    The old tired argument of "nazis self-declared as socialist" (Godwin FTW). Then North Korea must be a Democracy too.

  210. socialism is communism, in reality by Anonymous Coward · · Score: 1

    People act as is "democratic" means its good... Yet almost every 20th century regime that killed millions was started on a democratic vote or popular uprising. The thing they all had in common was some form of collectivism and/or socialistic form of government(fascism/socialism/communism). Even in the 21st century we have Venezuela as an example, not as horrible as the USSR but nobody would prefer it to capitalist nations. Capitalism is synonymous with liberty, the two coexist because liberty is the freedom of economic association. What Denmark, Sweden, Norway have are fairly capitalistic economies with a strong social services. Most economic analysis put the nordic countries as having greater economic freedom than the US(less regulation to startup). Socialism and communism are only different in popular analogy, in practicality they both centralize power and promote dictatorial authoritarian governments. Socialists coexisted with communists during every revolution and were summarily expelled or executed when stronger willed people took over the movement.

  211. Sympathy by mx+b · · Score: 1

    So, the govt is supposed to be there for preventing people being stupid with their own money, making decisions for them?

    I mean, there was no one with a gun to their heads telling them to take out all these massive loans.....

    The gun is called "poverty, starvation, and death".

    Yes, people will take out loans and go to university when they are told that is the only way to find a "good job" and provide for themselves and their families. That is what business leaders and politicians constantly drone on and on about. Right now they're pushing "everyone needs to learn coding to get a job". It's the same pattern.

    You describe an extremely unforgiving and authoritarian system if there is absolutely no help for "being stupid". Do you think an 18 year old fresh out of high school should know as much as you and make every decision absolutely perfectly for the rest of their lives? Did *you* make all of the best decisions at 18? It's not like we're cyborgs and can simply upload all of human knowledge to high school graduates on their day of graduate. People will make always continue to make bad decisions, but that doesn't make them bad people or even stupid. Maybe they just haven't learned yet, the world is complicated and often unpredictable, and they will learn for the future from the experience. In fact making mistakes is pretty much the only real way to learn and master anything. They deserve help and education and sympathy, not scorn and anger and callousness. We all do.

  212. Re: Everyone knew the pump and dump was coming... by Train0987 · · Score: 1

    "I'd argue that a purely socialist state has never really existed at all"

    Of course you would, as that's the only way to dismiss upwards of 100 million deaths caused by socialism over the past century. But it'll be different this time because you'll be in charge?

  213. Re:thanks slashdot by swillden · · Score: 1

    You do realize that socialism is mainstream in Europe, right? I'm looking around and I don't see any gulags here.

    And capitalism is also mainstream in Europe. Markets are somewhat regulated, but the bulk of decisionmaking about where to invest resources is left to the owners of capital.

    For that matter, the US also has quite a lot of socialism. Less than most European countries, but more than many nations in the world.

    Really, this is a false dichotomy. Capitalism vs communism, now there's a real conflict, since the ownership of the means of production is completely different. But capitalism and socialism can and do coexist relatively nicely; capitalistic organization of the means of production and relatively uncontrolled markets ensure that lots of wealth is generated and there's plenty of room for upward mobility, while socialistic redistribution ensures that those who don't own the capital and don't fight their way into the upper classes don't starve.

    Honestly, the whole industrialized world, including the US, has settled on capitalism with a socialist safety net as the best economic structure. We only debate about the scope, scale and structure of the safety net.

    --
    Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.
  214. Re:thanks slashdot by Anonymous Coward · · Score: 0

    I put it to my (Fox news-loving) parents this way: the population of the US absolutely MUST increase steadily, at rates that exceed our average birthrate, to keep things like Social Security economically viable. Given that economic reality and America's need to reach 500 million by 2100 to avoid economic disaster, would they rather have immigrant neighbors who

    a) speak Spanish... but go to their church, celebrate the same holidays, and are mostly just like them? Or

    b) neighbors who speak a language they can't even recognize in written form and are... (gasp) Muslim?

    It kind of puts the whole thing into perspective. Americans who bitch about Mexicans because they speak Spanish should ask themselves, "if the Dutch or French could snap their fingers and instantly trade their Muslim immigrants for Mexicans, would they even stop to THINK about it first, or would they collectively snap their fingers within milliseconds of hearing the offer?"

  215. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Excellent analysis. Smartest comment I've read in this thread.

  216. Re: Everyone knew the pump and dump was coming... by omnichad · · Score: 1

    I thought that was finished. It was refilled, but that was part of the plan all along.

  217. Re:thanks slashdot by Trailer+Trash · · Score: 2

    Again, we have people saying "capitalism is bad, socialism is good", so clearly they're not talking about what you're talking about. They see this as an either/or situation, mutually exclusive.

  218. duh by jsepeta · · Score: 1

    what's in it for them? DEBTORS' PRISON

    --
    Remember kids, if you're not paying for the service, YOU ARE THE PRODUCT THAT IS BEING SOLD.
  219. It does change by mx+b · · Score: 1

    The young always think there is a better way. As they grow up, they realize that the current way works, while most "good ideas" don't. But, enough new ideas do work to keep the system changing.

    Wait a minute, is it that the current way works can never change, or that new ideas do work and change the system? That seems pretty contradictory there.

    At one time we lived under monarchies and feudalism. We moved to constitutional monarchies and mercantilism. We then moved to republics and capitalism. Is it really so hard to imagine that there is a next step in human social evolution after what we have today? So hard to admit that we are nowhere near perfect yet? And yes, we will probably move toward "democracy and socialism" next because each step has been about expanding rights to more and more people. People of the future will look back on the poverty and environmental destruction under capitalism and the "right to private property" and shake their heads just as we do to the "divine right" of kings before us.

  220. Ask them to define "capitalism" and others by Anonymous Coward · · Score: 0

    It wont go well.

    This is true for most people, myself included.

  221. Re: Everyone knew the pump and dump was coming... by Reverend+Green · · Score: 2

    The overwhelming majority of the deaths attributed to communism by the capitalist propaganda organs were due to famine. Those famines resulted from failed agriculture policy (forced collectivization), with a lot of help from the weather.

    It's interesting to look through a list of historical famines and try to identify which were due to capitalism. It's not always an easy call.

    Otoh, capitalism certainly has a commanding lead in the number of deaths resulting from war.

  222. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 1

    What you describe is a classic "liberal" or "progressive", which as a political movement is more than a century old, and was dominant in America from the election of FDR in 1932 to the election of Reagan in 1980.

    FDR, Truman, Nixon (yes, Nixon), and Clinton all tried to introduce universal healthcare. That is nothing new.

    You are a liberal. You are not a "socialist". If you think you are, then you are diluting the term to be point of being meaningless.

  223. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Rich people back through the Gilded Age knew to allow more than mere crumbs to fall from their table. Modern rich people seem to have forgotten that. They have far more medieval attitudes than we've been accustomed to for the past century and a half.

    Society is so much safer now. Just a few hundred years ago a few hundred farmers could get together and kill the King, through brute force or deceit. Or they would put their support behind another powerful person and he would wage the war.

    Being a King used to be a precarious position. Now it's guarded by the force of a government with the ability to protect at all costs and even if the King is taken out, the spoils are no longer available to those that overthrew. Now the trust funds simply call a board meeting and elect the new person to continue taking over.

  224. disgraced youth by sdinfoserv · · Score: 1, Insightful

    whoa is me, I got a social liberal arts degree from a private school now I can't cash flow my student loan! Capitalism sucks, whine, whine, whine....
    Hardly, true capitalism punishes bad choices and rewards hard work. Believing 20 somethings run the world is movie BS. Study hard, do a good job, pay your dues and when you hit 40 or 50, you get ahead and have enough experience to run the show.
    One of the problems is you've all been babied by "everyone is a winner and gets a ribbon!", that's not reality. The real world is full of winners and losers. Some ideas a bad. Some people are bad. That's life.

    1. Re:disgraced youth by sdinfoserv · · Score: 2, Insightful

      Also, the "gig" economy is sham. Lyft and Uber are corporate parasites the cash in off the lowest possible rung, the driver. A "taxi" driver gets a wage and benefits. Gig drivers work for sub-minimum wage, often pennies per hour. (http://fortune.com/2018/03/02/uber-lyft-driver-income/ ), You're living off the equity in your vehicle, which is non-sustainable. By driving for or using these services, you perpetuate the inequality.
      Tiny houses are brain damaged. They're really expensive RV's. period. Re-estate has a value and appreciates over time. Tiny houses lose value ....
      When it comes to the gig economy, tiny houses, looking for unicorns - "but I get to live life on my terms", well, then you've decided your terms are poverty.

  225. Re: Everyone knew the pump and dump was coming... by Billly+Gates · · Score: 1

    A child starves to death every 30 seconds thanks to Capitalism

  226. So no different than any generation by Anonymous Coward · · Score: 0

    Youth disenfranchised with the previous generation resulting in different movements such as the hippy movement, the punk movement, and now the social network movement. What I do notice is that all the previous movements actually tried to act on their beliefs, hippies tried communes, punks got together, all I see now is just random bitching and no actual effort.

  227. Re: thanks slashdot by Anonymous Coward · · Score: 1

    Instead, you're getting a different set of people moving in. Good luck with that.

  228. Re: Everyone knew the pump and dump was coming... by omnichad · · Score: 1

    I am neither. I think each situation should be treated as unique and the best tool for the job should be used.

  229. Re: thanks slashdot by Anonymous Coward · · Score: 0

    Feel free to dismantle all US airbases and go away.

    But that won't happen, because it's not about "defending Europe", but keeping geopolitical supremacy.

  230. Re: Everyone knew the pump and dump was coming... by q_e_t · · Score: 1

    You might not want it, but Danes keep voting for it, and seem to be very happy in general. It seems to work for them.

  231. Capitalism is disappearing. by Qbertino · · Score: 4, Insightful

    What remains is a plutocratic corporate socialism sold to the masses as free market capitalism. No wonder they don't like it.

    --
    We suffer more in our imagination than in reality. - Seneca
    1. Re:Capitalism is disappearing. by Anonymous Coward · · Score: 0

      Its really just Socialism for the rich right now. Capitalism for the rest of us.

  232. In US, income disparity is representation disparit by Anonymous Coward · · Score: 0

    I presume you'd be happy if we could just tear down the wealthy people so that there's no 1% to resent and hate.

    Yes, I think that's what people mean.

    I don't think everyone really cares about the income itself, though. (Some do, but I'll let them present their perspective.) There's a widespread belief that "the 1%" essentially has more votes than other people. They are not merely more wealthy; they have more political power. They have your congressperson's ear, they can afford to litigate when other people would give up and accept unjust court decisions, etc. Whoever has the gold, makes the rules.

    This doesn't really have to do with capitalism, though, and applies no matter who owns the factories. We have decided not just that industry should be in the hands of private investors, but that government and public policy should be in the hands of private investors. That was a strange decision and I don't think it's something Adam Smith advocated.

    You might not care that Joe Billionare has a bitchin' car, but you probably care that he can have whatever laws that he wants, so the government works for him instead of you. His business is legal. Yours is illegal. This makes Sammy Adams and Tommy Jefferson angry.

    The only answer is government controlled wages and lifestyles so that nobody can lie awake at night worried that the guy who works twice as hard is having a better chicken for dinner than anyone else is.

    Not the only answer. Democracy is another idea. If Joe Billionaire's billions only get him a bunch of bitchin' cars and hookers, but doesn't get him any more representation in government than a homeless hobo, I think that would remove a lot of peoples' (but not everyone's) objection to income disparity.

    How capitalism fits into all this, isn't clear. Joe Stalin was also the 1%. Let's just say that America doesn't appear to be any more free of corruption than other countries, on average. But money is the currency; corruption works for you if you have it, and against you if you don't. So corruption ends up looking more like a rich-vs-poor thing, than honest-vs-dishonest.

  233. Re: Everyone knew the pump and dump was coming... by kaatochacha · · Score: 1

    If you really want to ponder an intangible, Denmark and the Scandinavian countries are primarily mono cultures. This may invalidate the concept of "diversity by any means" that seems to be popular, and any argument against makes one a "racist".
    I don't stand on either side of this debate, I just find it odd.

  234. Re: Everyone knew the pump and dump was coming... by bobmagicii · · Score: 1

    i would be surprised if half of them could even define it.

  235. Re: Everyone knew the pump and dump was coming... by q_e_t · · Score: 1

    Most progressives I've met seem pretty happy with technological progress. It seems to be more conservatives that dream of nuns cycling through the mist to evensong, internet be damned.

  236. Not real capitalism eh? by mx+b · · Score: 5, Informative

    The system we have isn't Capitalism, it's Cronyism.

    So you're saying "that's not REAL capitalism!"? :-) funny that many don't let socialists get away with making that same argument.

    Can you point to a time when we *didn't* have cronyism? Because the last time we had such concentrated wealth and lack of regulation and oversight was the Gilded Age, the height of cronyism and poverty. If you're referring to economic prosperity since the world wars, that comes partly from being the major economic power left standing as well as FDR's New Deal and progressive reform that actually took very strong cues from Socialist Party demands (the Socialist Party was actually winning seats in Congress and state legislatures as a third party and that was enough to scare the establishment into giving into some of the demands). So in modern US history we've actually done the best with progressive/socialist reform and the worst under deregulated "free market" capitalism (that quickly becomes cronyism).

    So why is it so wrong to point out we've never had real full socialism either and should give it a chance? Socialism is about economic democracy instead of the economic dictatorship of CEOs under capitalism, what's so wrong about democracy?

    1. Re: Not real capitalism eh? by Anonymous Coward · · Score: 0

      Some people are just losers and don't want to work hard which is their right.

    2. Re:Not real capitalism eh? by Srin+Tuar · · Score: 0

      > So you're saying "that's not REAL capitalism!"? :-)

      No, that is not what he is saying.

      He's saying its not pure free market capitalism. The USA is a mix of capitalism with other non-capitalist ideas mixed in.

      No country is a perfect elemental version of any ideology.

      Venezuela was far less capitalist and a lot more socialist than the USA. You can easily see how the closer one gets to socialism, the worse the results.

      The USA still has some problems, and those we would ascribe to the USA being somewhat socialist.

      The more capitalist a country is, the better off they seem to be. So naturally, to fix the problems remaining in the USA, we should try even more capitalism.

    3. Re: Not real capitalism eh? by Anonymous Coward · · Score: 0

      Hey, if you keep using facts, reasoning, and sound logic, then no one on here is going to reply to you.

    4. Re:Not real capitalism eh? by dryeo · · Score: 2

      Venezuela is a good example of corruption. At that, S. America (and central America) also has good examples of corrupt capitalist societies that are crap as well.

      --
      https://en.wikipedia.org/wiki/Inverted_totalitarianism
    5. Re: Not real capitalism eh? by Anonymous Coward · · Score: 0

      Slaves work one hell of a lot harder than the slavedriver, yet never seem to get ahead. I wonder why that is?

    6. Re:Not real capitalism eh? by Sique · · Score: 1
      The problem is that pure capitalism is totally instable. If you don't have strong institutions in place that keep the peace (in all meanings of the word), no one hinders someone to hire enough thugs and plunder the marketplace. In reality, capitalism only works if it is embedded in a legal and administrative framework, which some people like to call "socialist", but which is the building block on which a free marketplace is founded. Capitalism doesn't defend against anything. It just changes the roles of the actors. If the thugs take over, the free floating marketplace of goods and services turns into a marketplace of free floating weapons and coalitions of gangs and mobs (which then monopolize into a marketplace of kings and dictators).

      Personal freedom is nothing that exists per se, personal freedom has to be created and maintained by a society dedicated to keep it as a principle. No one is able to defend himself all on his own. He can build a himself fortress to shift the balance of power to his advantage, but then he is locked into his fortress, and his personal freedom of movement is limited, and until his fortress is ready, his freedom of doing business is limited, because he has to dedicate all free resources to fortress building.

      The only other alternative is to move out and go into the wilderness -- that is, if you find any wilderness left. And this is only a temporary solution until some developer finds your wilderness, when you are thrown back into fortress building.

      No, all that personal freedom you have today, you have only because we as a society provide for it.

      --
      .sig: Sique *sigh*
    7. Re:Not real capitalism eh? by teg · · Score: 1

      Venezuela was far less capitalist and a lot more socialist than the USA. You can easily see how the closer one gets to socialism, the worse the results.

      Can you? If you look from the US at the Nordic countries instead of Venezuela, you'd be fooled into believing that the closer you get to socialism, the better the results.

      Conversively - if you look at the US from the Nordic countries, you'd be fooled into believing that the closer you get to capitalism, the worse the results.

      In my opinion, there isn't a straight continuum from capitalist (100% good) to socialist (100% bad). A free market creates the best result in most areas - health care looks like it might be a big exception - but to ensure a free market you need quite a bit of regulation.

    8. Re:Not real capitalism eh? by Ol+Olsoc · · Score: 1

      The problem is that pure capitalism is totally instable.

      Finally, someone that gets it!

      Capitalism is like a radioactive substance, with a half-life that turns it into something else eventually like thorium to radium.

      Capitalism with no brakes lasts only until the first person corners a market and starts working his way through others. An unrestrained system based upon greed really needs some brakes to keep it from destroying itself.

      This isn't even a condemnation of capitalism - when it is properly restrained, it can work very well to improve standards of living. Certainly better that a lot of other 'isms.

      But here in America, we don't have capitalism. We have mutant form of corporatism, and one that is becoming pretty unstable as the pecuniary extraction and wealth shifting moves a small subset into great financial success at the expense of almost everyone else.

      This isn't promotion of anything on my part, just what happens when there is a huge wealth gap. The economist Kruger is not incorrect when he notes that the USA is becoming a Banana Republic.

      To sum up, the story might better be used without the word "Capitalism" because if they are referring to our system, it is corporatism.

      --
      The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
    9. Re: Not real capitalism eh? by Anonymous Coward · · Score: 0

      Someone mod this to +100000000

      Please.

      Those who write the laws, benefit themselves and their friends the most.

    10. Re: Not real capitalism eh? by Anonymous Coward · · Score: 0

      I come here for these types of posts.

      Well written.

      I like the cut of ya jib!!!

    11. Re:Not real capitalism eh? by greythax · · Score: 1

      Just out of curiosity, could you kindly provide examples of countries that are MORE capitalist than the united states and also "better off" than the worlds largest economy?

    12. Re:Not real capitalism eh? by times05 · · Score: 1

      Because it's the largest economy today... you are using as some kind of argument to win all arguments.

      Ask a Mongol during Genghis Khan, he'd tell you their system is BEST EVER. He'll even show you how much progress they have made, and how much more the quality of life for their people has improved.

      Same thing with US. The only difference is time. You don't know if 100 or 1000 years later (or next month) American flavor of capitalism (cronyism or corporatism, or whatever else more accurately describes it) that you praise so much might be viewed as the most brutal, inefficient, unfair, and plain stupid system used.

      IMHO there is a presently undiscovered formula that determines current best economical system for specific state. This is where EVERYONE got it wrong, it's NEVER CONSTANT, it's very fluid and changes with variables. Some of the variables being your current wealth, percentage of population compared with neighbors/competitors, current quality of life, number and strength of allies, current production output export vs import, natural resources, expansion possibilities, etc... Whatever system was best yesterday, might be different today. Also what's good for you, might be bad for someone else.

      For example: plenty of expansion possibilities might yield best result of Colonialism. Tough times, need to tighten your belts, surrounded by enemies, few resources, and you might end up with best being Communism (or even dare I say Militaristic Fascism as horrible as it may sound). Things are easy, doing ok on most things, can loosen up a bit, maybe need to innovate a bit faster, might be best to go for some kind of Capitalism/Socialism hybrid.

    13. Re: Not real capitalism eh? by greythax · · Score: 1

      Buddy, I'm a full blown socialist. I was just challenging gp to provide examples of his assertions that the US's problems are because of it social programs.

      I think any definition of "better off" that doesn't include the social welfare of it people would be very interesting to see.

  237. Hate to rain on all the happy ideology-bashing, bu by codeButcher · · Score: 1
    The problem with the world is not with this or that ideology or system. It is with human nature.

    No sooner that someone drawns up an ideology (or laws, or tech, or some other system) to curtail some undesirable trait of humans, some other guy starts to think about a loophole to get around the constraint.

    The other problem is obviously that some human(s) with his (their) own shortcomings draws up the system, so it can never be perfect.

    When looking for reasons why the world sucks, instead of looking for something to blame outside you, why not start with some decent old-fashioned introspection?

    --
    Free, as in your money being freed from the confines of your account.
  238. Re: Everyone knew the pump and dump was coming... by q_e_t · · Score: 1

    It didn't work so well in Greece as Greece is poorer, and suffered from massive under investment in infrastructure up until the 90s, and then tried to correct that by borrowing lots, which then blew up during the credit crunch.

  239. Re:Everyone knew the pump and dump was coming... by jareth-0205 · · Score: 1

    And apparently we didn't teach them history, like how many in the past died due to socialism,

    Wow. Maybe it is you that needs to go read a fucking book. https://www.amazon.com/Radium-...

    Much of the rest of the world seems to have implemented various levels of socialism without widespread murder. Will you teach that too?

  240. Re:thanks slashdot by Anonymous Coward · · Score: 0

    How would you classify a country like former Yugoslavia? From what I've been told, Yugoslavian companies worked something like this:

    * You went to work for a company. Part of your salary compensation was in the form of stock.

    * If the company was profitable, you were paid dividends based upon how much stock you'd accumulated. You also had a voice in how the company was run, based mostly upon how much of its stock you'd accumulated.

    * The stock was yours, but could only be sold back to the company. So if the company was profitable & paid dividends, you could leave your shares to your family when you died & they'd receive the dividends... but if the company wasn't profitable & there were no dividends, the only thing they could do with the stock was sell it back to the company for a relative pittance.

    * If the company needed money, it sold shares of a different class to the only entity that could legally buy them as an investment... the government. The government wasn't a charity... if the company made a profit, it had to spend most of that profit buying back the shares it sold to the government. If the company wasn't profitable, the government might still buy shares, but THEN it became political, and the government might impose conditions on the stock purchase that tied its management's hands in ways more commonly associated with "communism".

    * If a pre-existing company was taken over by the government, things were more complicated, but it basically came down to the issuance of a THIRD class of stock (to the original owners) that could be freely bought and sold, but had value only insofar as the company was required to buy it back at face value AFTER it bought back all of the government-owned shares AND paid at least some percentage of its profits to the employee shareholders as dividends. Since the owners of this stock were so far down the priority list (and inflation continuously eroded its face value over time), the shares were pretty worthless.

    * By the same token, the government could (and did) launch new companies, but it was rare for them to ever become independently profitable. The more a company became subjected to political whims, the less money it made, and the more stock it had to sell to the government in order to survive... making it even MORE subject to political whims, and less likely to be profitable. It was a vicious cycle.

    Truthfully, though, as an American schoolkid in the 1980s, that's really NOT the mental image I had of "communism". We were fed stereotypes like, "the government owns everything, and people are forced to work like slaves". The reality was obviously a lot more complicated.

  241. Re:thanks slashdot by BlueStrat · · Score: 1

    You're mixing definitions when you include Marx's socialism (which predates the modern term) and others.

    No, I'm not. Those pushing for various forms of Marxism are attempting to muddy the waters.

    Fascism isn't Marxist in any manner, it's virulently anti-marxist. Collectivist and authoritarian, yes, Marxist, no.

    Lenin congratulated Mussolini when he turned Italy fascist because they were both Marxists. The main differences between fascism and socialism are that fascists control the means of production but don't own them outright as in socialism, and that socialism is "workers of the *world* unite", whereas fascism is nationalistic and populist in nature (populist at least in the beginning before the death squads and 'disappearings' become intolerable).

    The rest of your post is basically defending a Post-Modern worldview which is totally destructive to Western style logic, science, and reason from the Enlightenment.

    The human race has enough problems, let's not engage in de-evolution from Enlightenment back to the dark days of Post-Modernism and all it's human suffering & slaughter.

    Strat

    --
    Progressivism (aka US 'Liberalism'): Ideas so good they need a police/surveillance-state to enforce.
  242. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    There's no big SJW cadre - it's a tiny, tiny minority. Even amongst the young most people don't care about identity politics. If anything the young are less concerned about identity (still typically skin colour, religion, national origin, gender, class) than previously.

  243. You aren't Slud! by Anonymous Coward · · Score: 0

    I can't believe you. That was an eloquent liberal dissertation on not being a dick. But you are a republitard AND a dick, going by your past posts. How can you reconcile both points of view without your head assploding?

  244. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 1

    I agree with some of this, but I don't think you understand what Keynesian economics actually is.

  245. Re: Everyone knew the pump and dump was coming.. by Anonymous Coward · · Score: 1

    Uh, anyone who died because they couldn't afford to pay for medical treatment? Anyone who died because of improperly disposed chemicals or toxic waste? Anyone who died as a result of unsafe manufacturing practices in factories? Capitalism encourages companies to cut costs any way they possibly can, even if it puts human lives at risk. Capitalism has killed millions.

  246. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 1

    You don't need to pay more to support a system like Denmark's. Instead, we should make the super-wealthy cover those costs, by raising the estate tax and raising the capital gains tax.

  247. consequences schmonsequences by Anonymous Coward · · Score: 0

    What were the "consequences that society put on father that abandoned thier kids"? Fathers have been fuckin n duckin since fucking was a thing. You have rose-colored goggles on.

  248. Re: Everyone knew the pump and dump was coming... by q_e_t · · Score: 1

    I think it also depends on which bits are socialised, which bits not. Some have good 'bang for the buck' in terms of a safety net that encourages people to take risks and promotes business creation. If you can start a business which might be tough going for the first two years without needing to first raise capital to cover your medical costs for those two years, it may encourage you to do so. I don't know if the fear of failure and the lack of safety net makes it more likely for a new business to survive - I haven't seen figures. To be fair, I am not sure what the business creation rate is in Denmark or the USA either, but you'd need to look wider than just two countries, as the cultures are also different, and Danes might prefer to snuggle up in warm slippers with hot chocolate at home rather than start a new tech business.

  249. Re: Everyone knew the pump and dump was coming... by q_e_t · · Score: 1

    Poor work ethic

    Greeks tend to work longer hours than Danes, though, and it has been true for decades.

  250. Re:thanks slashdot by mark-t · · Score: 1

    Strawman... I said free elections, not fixed ones.

    The fact that some socialist countries practice what they are calling fair elections that are actually fixed has no bearing on whether democracy and socialism can actually coexist.

    For an example of how they can, just look at the country north of the USA. And if you don't think that Canada is a socialist country, I don't think you understand what socialism is.

  251. Re: Everyone knew the pump and dump was coming... by Kjella · · Score: 1

    Norway's Statoil is an example of socialism, but that is a special situation of a massive public resource owned by a small population. Very few other countries have that benefit.

    Well yes, but Statoil - actually it's now Equinor - is very much run like a corporation with ~30% publicly traded stock and the government doesn't interfere in their business decisions. The oil fund - which is where the real money is at, over 10x bigger than the market cap of Equinor - comes from a 55% special tax on top of the regular 23% tax so for every $100 of oil they pump up $78 goes to the government and they're still making money. I literally can't phantom how Venezuela could manage to fuck it up this badly with oil, it's basically printing free money. Anyway, the point is that we don't operate it according to a socialist plan economy. It's a business whose owners happen to be the general public. This is a very common confusion, yes we have socialized healthcare but we hire a lot of private services, just because the government picks up the tab doesn't mean it's done by a public employee.

    --
    Live today, because you never know what tomorrow brings
  252. Re:thanks slashdot by Thelasko · · Score: 2

    Communism: technically the government runs everything. Very autocratic- usually one party. People are responsible to the government (not the other way around). No private ownership.

    I'll admit, I haven't read Marx. However, I think this definition is flawed. Communism means everything is a shared resource. Ideally, there would be no greed, and people would share resources willingly. It's for the good of "The People". This is requires a great deal of camaraderie among citizens (comrades).

    However, people don't work that way. We are greedy, and easily splinter off into factions. Government's role is to arbitrate between "The People" to overcome these obstacles.

    In theory, the government represents "The People" with their best interest in mind. However, the open nature of democracy tends to divide the nation (like the US right now). In the interest of camaraderie, only one political party is allowed. It's very hard to represent the people in this form of government.

    In summary, people are responsible to each other, with the government as arbitrator. This has never been tried in a democracy, because the population needs to be united under the cause.

    --
    One of our competitors trademarked the term "hypothesis". From now on, we will call them "boneheaded ideas".
  253. Great if you can do it by rsilvergun · · Score: 2

    not everyone can. For a lot of folks it's hard to be stable for 6 years without a college degree to fall back on. Post high school tuition waivers (usually worth about $4k/yr) generally require you to enroll full time and finish in 4 years. A lot of the grants do too. If there's a break in your enrollment you're kind of screwed.

    Also, if you did it for $24k you I'm guessing she didn't go to a regular public U (or she got a bunch of scholarships). These days you're looking at $12k/yer. Now, if her income was low or nonexistant (and the income of her parents wasn't factored in) grans & scholarships might have covered half of that. Again, great if you can get it. But scholarships are hard to come by and as mentioned most grants want you full time.

    Source: I've got a kid in college right now for Nursing. It's costing me $16k for her last 2 years (each) alone. That's before I account for the car she has to have (clinicals are too far apart to bus too and Uber costs more than the car, so unless she's secretly Nightcrawler she needs a car) and for food/rent. I could have forced her to live with me and saved about $6k/yr if I had to, but that's about it.

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    1. Re:Great if you can do it by LynnwoodRooster · · Score: 1

      Lots of courses at community colleges, some State colleges, and lots of online/distance courses, mainly with SNHU. It took 6 years because it was unstable, we were moving around and running a full-time business and a stable thing wasn't possible. It can be done, if there is a desire to do so. It's not easy, but again - priorities can make it happen. She waited until she was 41 to start college - but she did it.

      --
      Browsing at +1 - no ACs, I ignore their posts. So refreshing!
  254. Re: Everyone knew the pump and dump was coming... by Jerry · · Score: 2

    ....

    FDR, Truman, Nixon (yes, Nixon), and Clinton all tried to introduce universal healthcare. That is nothing new.

    ...

    Nixon introduced HMOs to America, and health insurance has suffered for it every since.

    Before HMO's I had BCBS while working in a luggage factory for a year. At the end of that year I went to college. In the first week of college I had an emergency appendectomy. The entire bill for the doctor and the hospital came to $750.50, which included a week in the hospital. BCBS paid for every penny.

    Today, the average price for an appendectomy (laparoscopy) is $18K, with specialty chop shops offering it for $7K. With "deductibles" and co-pay and the like the average consumer will pay between $1K and #18K for their share of the bill, IF the insurance company pays anything at all.

    Dental or vision? Usually a rider that costs $30-$50/mo but pays usually less than half and sometimes nothing. Many dental procedures are covered only once during the year or not covered at all. Need three teeth filled? Sorry, only one is covered, you'll have to pay full boat for the other two.

    Also, "co-ordination" prevents you from buying and using more than one health insurance policy when, if you are willing to pay the fees, it shouldn't matter to the insurance companies how many policies you bought.

    The entire problem with health insurance, as it is with most other social problems and scientific research, is that Uncle Sam has stuck his greedy nose into it and thus give the insurance companies the ability to stick their hand into Uncle Sam's pocket and extract taxpayer's money at will.

    All the medicare supplemental insurance companies are doing is acting as a middle man. They get cash from the federal government to pay medicare patient hospital bills AFTER taking a nice chunk of change out for themselves. The less they pay you the more they put into their own pocket. That's why the CEO of one national supplemental insurance company can live in the midwest and fly every day to his job in California and home again at night, while pulling down several million in annual salary and benefits. People die or go bankrupt so he can do that.

    --

    Running with Linux for over 20 years!

  255. Re: Everyone knew the pump and dump was coming... by MightyMartian · · Score: 2

    I'm not dismissing anything. I think Communism is a doomed political and economic theory, even if one were to find a society that was at Marx's right level of advancement for the workers revolution. I'm actually underlying the most critical flaw of Communism as it was enacted in places like Russia and China. The only way an industrialized country ever became Communist for any length of time was largely because it was imposed (I'm thinking Poland and Czechoslovakia in particular, both of which had a large industrial base before the Soviets imposed Communism on them). It never came to fruition in the nations that Marx figured it would be. The greater workers revolutions that were supposed to deliver Communism to the masses in the 1850s and 1860s in Europe never happened, in part because the rulers of these states were canny enough to realize that they needed to reform their political and economic systems (hence limiting hours of work per week, the growth of free primary education, health and safety laws, and so forth).

    No, I honestly believe that the purist forms of socialism even in the ideal capitalist state that Marx envisioned would failed every bit as spectacularly, and probably far more quickly, then it failed in the Soviet Union. But the fact is that the revolutions Marx predicted never happened at all, and the first communist states were primarily agrarian states still not heavily industrialized. The Hungarian revolution in 1919 is a bit of an exception, though it lasted less than a year, so I consider it a bit of an outlier.

    Even Lenin had to concede that Russia was not ready, and implemented or retained limited free enterprise, simply because the Russian economy was so broken by WWI and the civil war, so right from the get-go, the Soviet Union couldn't invoke Marx's purist version of socialism. Of course Stalin was much more doctrinaire than Lenin, and his collectivization efforts lead to the catastrophes that gripped the Soviet Union in its first two decades. A similar process occurred in China int he 1950s, with Mao's attempts during the Great Leap Forward to increase steel and agricultural output leading to worthless chunks of iron and mass starvation.

    So, in fact, I agree with your primary point that Communism was a doomed enterprise from the beginning. I'm just pointing out that not only was it not workable in the long term, it wasn't even workable at the outset, and in fact, the supposed conditions that would lead to workers revolts which would see the Proletariat boot out the Bourgeois never happened either. Marx was, in fact, wrong about just about everything, with one exception. I think where Marxist theory does tend to shine some light on things is on the notion of class struggle. While it doesn't apply in all times in places, it is a useful tool for explaining various peasants uprisings, and even more general civil wars and revolutions like Rome's Social War and the American Revolution.

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  256. You want to protect "dumb" people by rsilvergun · · Score: 2

    because if you don't someone else will. They'll get all those "dumb" people who aren't eating. Give them rifles and boots and, well, I think you can figure out the rest...

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  257. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    The first problem comes about by the human desire to label everything and simplify into neat little category pigeonholes. As soon as you get a state with a different socioeconomic situation, or where one or more rules differ, they diverge. It makes more sense to talk about specific examples within a system and say "that bit is good" or "avoid that" than to engage in us vs them tribal -ism warfare. Any ideology taken to purist extremes cannot hope to encompass the complexity of reality and fails, so you're quite right, moderation is key.

  258. The great famine was caused by Mao by rsilvergun · · Score: 1

    insisting that the farmers double plant. Nobody had the guts to tell him no because he tended to murder anyone who disagreed with him. That's not communism, that's fascism. The only difference is Mao borrowed Karl Marx's books. His tactics were straight out of the same playbook kings and emperors have been using for centuries.

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  259. My effective tax rate by rsilvergun · · Score: 1

    is over 50% when I include the health insurance (which might as well be a tax even without the mandate that I carry it). That's _all_ my taxes. VLT, sales tax, income tax, etc.

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    1. Re:My effective tax rate by thegarbz · · Score: 1

      All the more reason to enjoy europe where your tax dollars go into things that directly benefit you rather than bombs or "Spaceforce". Though Spaceforce does sound awesome.

    2. Re:My effective tax rate by Opportunist · · Score: 1

      Spaceforce sounds like a very poorly drawn 80s Saturday morning cartoon show.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    3. Re:My effective tax rate by thegarbz · · Score: 1

      I know, but lets face it you wish you were part of that cartoon. Spaceforce!

    4. Re:My effective tax rate by Opportunist · · Score: 1

      Not really, it sounds like something where you have to wear really silly looking spandex suits.

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
    5. Re:My effective tax rate by thegarbz · · Score: 1

      Not really, it sounds like something where you have to wear really silly looking spandex suits.

      Yeah but pew pew pew! Also some people love silly spandex suits, just type that word into pornhub. .... Errr. so says a friend of mine.

    6. Re:My effective tax rate by Opportunist · · Score: 1

      Anyone got some bleach for my eyes?

      --
      We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  260. Forgot to add by rsilvergun · · Score: 1

    for all those taxes I get nothing but endless war and cheap oil for a car I can barely afford.

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    1. Re: Forgot to add by Anonymous Coward · · Score: 0

      And taxed $3 on a pack of smokes.

  261. Re: Everyone knew the pump and dump was coming. by Anonymous Coward · · Score: 0

    And you think only in capitalism, there are corners cut? Jesus Christ. Look at Chernobyl. Look at pretty much anything from the Soviet Union and you'll find the same examples, has nothing to do with capitalism alone.. Read about all the radiation dumped into areas from other reactors near Chelyabinsk. Just read some history....

  262. Re: Everyone knew the pump and dump was coming... by mpercy · · Score: 0

    Young people haven't experienced taxation of any consequence. I'm assuming "young people" here is something like the 16-25-year-old cohort. Mommy and Daddy have been paying for everything their entire lives and probably will continue to pay their rent, car insurance, and cell phone bills until they are 30 or so (Obamacare infantilized young adults by telling them they should not be responsible for their own healthcare decisions until they are 27).

    It's all well and good to expect that "rich" people be made to "pay their fair share" (a level which is never ever defined, except as "more than they're paying now") when that's someone else.

    Let's ask them how they feel when they are 35 years old and working 40 hour jobs and pocketing pay for 28 hours (i.e., paying 30% in taxes) and are told that they need to pay more because "free college for everyone" or "gigabit broadband is a human right".

  263. Re:Ignorance by serviscope_minor · · Score: 1

    And as God said in 1 Samual Chapter 8. When you ask for a King and seek salvation from them instead of God, you have rejected God... "18 When that day comes, you will cry out for relief from the king you have chosen, but the Lord will not answer you in that day.

    And in Deuteronomy 22:10, god (or someone in his name) instructs you to ware tassles on the four corners of your clothes. Do you?

    You don't.

    But fear not, my son, god isn't answering to you either way.

    --
    SJW n. One who posts facts.
  264. We've had laissez faire capitalism for centuries by rsilvergun · · Score: 1

    it was more or less the defacto economic system, yet there was poverty. Technology raised those people out of poverty. Scientists did. The economic system was incidental. If anything the rapid pace of tech made it so the ruling class couldn't monopolize the wealth generated fast enough to maintain control and prevent upstarts. They seem to be adapting at last and with it we've seen a general decline in standards of living.

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  265. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Greece is more geographically separated, by water thus making distribution, travel, more expensive money-wise and time-wise, but you can hold onto your lazy narrative, it seems dear to you. I'd agree with you about the tax evasion, happens with our American cargo shipping companies as well. They get to enjoy American military protection on the water, but shaft the American public on land.
    And when did Detroit have a socialist government? Are we talking about the same Detroit in MI?

  266. Re: Everyone knew the pump and dump was coming... by Miamicanes · · Score: 3, Interesting

    Mostly, because Condorcet logic is really hard to explain to normal people, and even HARDER to pitch to the media as something that can be presented via soundbites and headlines. My hybrid scheme makes the first round a relatively low-key internal affair for the House of Representatives, then gives the media 3 candidates to talk about & handles the Speaker's election in a relatively straightforward (by American standards) manner beyond that.

    The main benefit of using Condorcet rules for round 1, and having the entire vote for Speaker via secret ballot, is ensuring that whomever ends up winning as speaker probably WON'T be the preferred first choice of either party... and that any Speaker who pisses off too many Representatives by getting overly heavy-handed about enforcing party discipline won't be re-elected as Speaker.

    There's a second reform I can think of that would severely limit the power of party leaders over individual representatives: whenever a bill is defeated, there's an immediate and automatic secret "no confidence" vote among representatives. If the Speaker loses the vote, a new Speaker is elected immediately (under the same rules as above), and the newly-elected Speaker is not bound by the previous Speaker's committee appointments or policies.

    This would put a stop to Speakers who ram bills through the house with single-vote victories by putting the Speaker's position in EXTREME peril if he allows a vote to proceed without being REALLY confident of a solid victory. It might work once... or twice... but eventually, s/he's going to piss off one Representative too many, the bill will be defeated, and the Speaker will be defeated as well. Every Speaker would have to choose between loyalty to his/her party, and desire to keep being Speaker. The relative power of parties to dictate legislation would probably ebb and flow, but any party that pushed TOO hard to control its Speaker would find itself having to continually re-establish its power over new Speakers -- each of whom would be harder to control than the last.

  267. Re:Ignorance by serviscope_minor · · Score: 1

    That's 22:12, not 10. Oops!

    --
    SJW n. One who posts facts.
  268. Conservatives have to keep up with the fads by Anonymous Coward · · Score: 0

    Its not the liberals protesting legalization of marijuana. It's the conservatives and police who will see a reduction in their jobs

    Ergo, liberals tend to prefer a free market economy, whereas conservatives prefer a more centrally-planned one. The currently president claims to be a conservative too, and he's for tariffs, immigration controls, etc so the government can manage supply rather than leaving it to the market. The free marketers, OTOH, are given the supposedly-insulting (?) name of "globalist" because they want commerce to be less restricted.

    These left and right labels sure are getting complicated. In 1968 I would have been called a conservative, but in 2018 the same opinions are now "liberal." If you wanna stay a conservative, you need to follow the fads of the times!

  269. Re: thanks slashdot by Anonymous Coward · · Score: 0

    Underrated clairvoyance...

  270. Look socialism up! by Roger+W+Moore · · Score: 2

    No, socialism has a broader meaning than that. See this. In particular, "worker self-management of production" is a key element and that directly relates to trade unions which are clearly a step in that direction. Strict regulations on private industry is also another tool which falls under the socialism banner even though ownership may reside in the private sector. In a free, public healthcare system often the hospitals and clinics etc. are all government owned and hence socialist, although private companies may be contracted to provide services too.

    Canada and much of Europe is socialist to varying degrees. It seems to work well where the competition required to make capitalism work is impractical e.g. utilities, public transport, passenger trains etc. Even in the US you have strict regulations for utility providers which is on the socialism spectrum.

    1. Re:Look socialism up! by Anonymous Coward · · Score: 0

      What you're describing are socialistic and/or social welfare programs run by states. A state that is predominantly capitalistic may implement some of these without actually being socialist, it just means they have a mixed economy (as pretty much every 1st world country has implemented these days).

      What you're saying doesn't contradict my point though; you're confusing or conflating Socialism as a form of government and Communism, which is the end goal of an ideologically Socialist government that necessitates a *lack* of government.

      I also forgot to add to that little list at the end that Nazi Germany was a Socialist state; Fascism (i.e. National Socialism) is a subset of Socialism. The main difference being that the end goal of a Fascistic state is the preservation of that Fascistic state, not Communism.

  271. I don't think it's bizarre by rsilvergun · · Score: 1

    the insurance industry spent half a billion dollars killing it. Multiple studies have shown that short, intense ad blitzes can turn the public off on virtually any issue. The insurance companies are fighting for their lives when it comes to single payer, so they'll spend any amount of money to kill it. Plus since they're the gatekeepers on life saving medicine they can easily make the money back by overcharging on premiums. The only question is can they go too far. I think if the Republicans like Paul Ryan get too greedy and manage to kill Medicare that'll probably be the end. Once the old folks have to deal with private insurance all bets are off.

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  272. Re:We've had laissez faire capitalism for centurie by wyHunter · · Score: 1

    And without the incentive to make money, technology and science won't exist. One characteristic of humans is to say 'what's in it for me?' It may not be money, quite, but an academic will scratch and claw to get (say) a chair with his name on it, even for no increase in pay.

  273. 2 Things to Never Say by Anonymous Coward · · Score: 1

    1). Things are so terrible, they cannot get any worse!
    2). Things are so great, and we should not even try to get better!

    Fact is, people try to improve upon their circumstances, and if they lose under the current system they want to change that system. It is psychologically logical.

    However many also think, "I want the present system +, where the + is one or more problems solved." This presupposes that those problems can be solved without other negative consequences. And that's where a great many detail devils reside.

    Those young people (mostly) haven't experienced Communism, and fewer still real Fascism. OTOH, I still applaud structural changes that benefit the middle class. Somehow we've gone off track by making changes mostly for the wealthy and those people didn't really need the help. And the assumption that "jobs and wealth" would be created was an article of faith, without any costing or follow-up to make sure that happened.

  274. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 1

    Nixon introduced HMOs to America, and health insurance has suffered for it every since.

    HMOs were a compromise after Nixon's initial proposal for universal healthcare was rejected by congress. Most of the opposition came from Democrats. Northeastern Democrats, led by Ted Kennedy, objected because they thought his proposal wasn't generous enough. Southern Democrats objected because they didn't want to tax white people to pay for healthcare for blacks. So we got HMOs instead.

    Disclaimer: I get my healthcare from Kaiser, an HMO, and I am mostly satisfied.

  275. WTF law enforcement is not socialism :))))) by gDLL · · Score: 1

    The police/or laws themselves are not socialism !! (Unless the actual law is socialistic in nature)
    The word you want is over-regulation.

    1. Re:WTF law enforcement is not socialism :))))) by Stolovaya · · Score: 2, Interesting

      Sure they are. They could charge individually for their services. We don't need protection or law enforcement all the time; it could always be privatized.

    2. Re:WTF law enforcement is not socialism :))))) by dave420 · · Score: 1

      It absolutely is, as it is paid for by everyone who can afford it, regardless of whether they use it or not, as it benefits society as a whole. The same goes for the armed forces, too.

    3. Re:WTF law enforcement is not socialism :))))) by AmiMoJo · · Score: 0

      "911. What's your emergency?"

      "I've been shot, I need help, I think the shooter is still here..."

      "Okay sir, I see you have the Silver Protection Plan, we will get an officer to you within 2-5 business days or I can offer you a special upgrade price that will get you help within 30 minutes, that will be $9000 and I have your card on file."

      "I'm bleeding..."

      "Yes sir, I understand that you are bleeding and need medical assistance. Your policy covers up to 3 bullet wounds but I see you have already been shot twice this year. How many bullets are inside your body at this time?"

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    4. Re:WTF law enforcement is not socialism :))))) by Stolovaya · · Score: 1

      Exactly! A good example of why some things just should not be privatized.

  276. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Denmark is actually more capitalist than the United States - less regulation, less government control. Norway is both more capitalist AND a petro-state. Really, choosing the Nordic states to try to promote socialism shows you really don't know what you are talking about.

  277. Re:Everyone knew the pump and dump was coming... by kaatochacha · · Score: 1

    "When you talk about deaths from socialism you have to leave off stuff like Stalinism, Maoism, etc."
    Why?

  278. Re: Everyone knew the pump and dump was coming... by manu0601 · · Score: 2

    You can go too far in either direction. North Korea and Cuba are 90% socialist, and are impoverished.

    In order to be honest, you should note the role of US embargo on Cuba's impoverishment.

  279. Re:thanks slashdot by kaatochacha · · Score: 1

    "Honestly, the whole industrialized world, including the US, has settled on capitalism with a socialist safety net as the best economic structure. We only debate about the scope, scale and structure of the safety net."

    That sums it up nicely, thank you.

  280. The best way to make socialists.... by Anonymous Coward · · Score: 0

    Is to allow for rampant uncontrolled capitalism. I didn't create this problem; you did.

  281. Capitalism is Not the Same as Free Enterprise by Anonymous Coward · · Score: 0

    Most people posting here are confusing Capitalism with Free Enterprise.

    Capitalism requires rules, laws, courts, and enforcement of those laws, because someone is putting up the CAPITAL for your venture.

    Free enterprise would have no rules or laws and would pretty much be the end of everything.

  282. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 1

    The system we have isn't Capitalism, it's Cronyism. [...] Young people today have never seen Capitalism, they have only seen Cronyism and yet everybody calls it Capitalism. It isn't.

    This is the crux of the matter. Capitalism's good name has been thoroughly defiled by the oligarchs using it as justification for their excesses and greed. Minimum wage and environmental protection being Socialism only helps the socialist image, even if most "socialists" prefer the government to run the post office, police, and fire and private businesses continue serving general goods.

    Brought on because people think that Keynesian economics is somehow a good thing. Sadly this line of thinking is so prevalent on both sides of the isle, that it will never get fixed until the system collapses.

    Uh...what? Republicans LOATHE Keynes as a heretic to their religion of Friedmanite Supply-Side Reagonomics. The only time the Dems have had the political force to try Keynesian economics since the '80s was in the wake of the economy crashing in '07, and the Republicans have been doing their utmost to stymie the follow-through from the legislature in '10 and forward. We spent our way out of the crash, but conservatism categorically rejects the idea of raising taxes to head off irrational exuberance and pay back the previous debts, inevitably lining up the next crash. For all the noise Republicans make about "tax and spend", their marked habit post 2000 of "borrow and spend" is substantially worse, especially in an otherwise good economy.

  283. Re: Everyone knew the pump and dump was coming. by Anonymous Coward · · Score: 0

    So, all of the people dying in Venezuela from lack of medical care are what... Doing it voluntarily?

  284. Re:Ignorance by Anonymous Coward · · Score: 0

    Thanks. When I tear a page out of the bible to wipe my ass with it, I like it to be the verse I had in mind.

  285. the amazing cult of capitalism by Uberbah · · Score: 1

    Let's see, the economic system that has raised more people out of poverty than any other

    You mean socialism. Not capitalism, which has only ever increased poverty and wealth inequality. Job creation? That comes from demand, not capitalism.

  286. Good news.. by Anonymous Coward · · Score: 0

    Good on them! Will make it easier for them to work extra hard funding social security and all the outsized public workers pensions.

    From each according to his ability, to each according to his needs. Problem is that it always seems to be needs > abilities...

  287. Does not surprise me by p51d007 · · Score: 2

    I graduated HS in the late 70's. We didn't have any of that crap. But for the last 20-30 years, the indoctrination centers called government schools, have been feeding these kids the dictate that capitalism is bad, socialism is good, America is terrible and on and on. So, it's no surprise to me, that a poll would reflect that. Lenin once said something to the effect if you give me the mind of a youth, the seeds I plant will never be undone. Or something like that. Well, how about we put some WEED KILLER on those plants!

  288. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    I have no idea how this BS article is technology news.

    Got to love liberal mods infecting and tainting a perfectly healthy news site.

    You guys lost my ad revenue, I'm out of this communist circle jerk.

  289. Re:Everyone knew the pump and dump was coming... by Darinbob · · Score: 0

    Because they weren't socialist really. The socialism didn't kill people, the dictators running the country killed the people. Stalin created the famine in the Ukraine because he was a bastard, either because he wanted it to happen or because he was so stupid he didn't realize his actions would cause it. Forced collectivization is not a key concept in socialism. Likewise the cultural revolution in China was not because of socialist principles but because of a set of bastards. Pol Pot didn't create the killing fields because he wsa trying to improve the economy but because he was a bastard.

    And of course, such bastards exist in the capitalist realm as well, Mussolini, Pinochet, King Leopold, etc.

  290. Not just the young ones... by TigerPlish · · Score: 1

    ....I, too, have developed a distaste of what has been done with capitaslim. I'm an early X.

    Yes, people must make things, and sell things. Fine. Do it. But do it with a sense of fairness. What I see reminds me of warfare, not a competition. Honestly -- it's shank your competitor before he does you in first. It could instead be like a race, or a ball game, but no.. it's WAR.

    But for fuck's sake, nothing's made here (broadly speaking) anymore, a very few people are raking in the profit$ -- those who own the companies which have their shit manufactured overseas, and those who own the stores that sell it.

    .

    --
    The "Civilized World" jumped the shark ca. 1973.
  291. Good for the rest of the world by Anonymous Coward · · Score: 0

    A big sinking boat raises all the rest.

  292. Missing sarcasm tag by Anonymous Coward · · Score: 0

    You forgot the "sarcasm" tag. People might think you are serious.

  293. Re: Everyone knew the pump and dump was coming... by Monster_user · · Score: 1

    I'm not against paying more in taxes, if that is what the best solution to the problem is.

    My problem is trying to keep up with everything the government is doing. I still haven't fully read the PPACA, much less understood it in its entirety.

    Free college for everyone seems like a proper direction to move in. The costs of college are rising, and the demands upon our workforce are increasing. We can either throttle the rate of change to match that of the human ability, or we can reduce the cost to the individual to keep pace with technological progress. Cars cannot be driven indefinitely without being maintained, animals cannot be pushed indefinitely without their health deteriorating. Furthermore, one cannot simply plant a few seeds and gain a crop. A field of crops has to be cared for, and looked after. There is more to creating and sustaining a workforce than simply procreating. And the deal is that those college kids become productive members of society and increase the rate of contributions to your Social Security and 401k.

  294. Re: Everyone knew the pump and dump was coming... by phantomfive · · Score: 1

    For what would I need more than 50,000 - 100,000 disposable income?

    To be able to escape economy class airlines.....

    --
    "First they came for the slanderers and i said nothing."
  295. #FirstWorldProblems by Anonymous Coward · · Score: 0

    Yes, lucky. You were lucky you didn't end up on crack, lucky your piece of shit dad didn't sell you into prostitution at 12 because heroin, lucky you DIDN'T STARVE TO DEATH AT 27. Go be part of the poor class in India or Somalia and then tell me that luck ain't shit. There you're "lucky" you found some sheet tin to make a "house" with today and you managed to not get raped and robbed.

    #FirstWorldProblems indeed.
    With privelidge comes blindness and you're blind as a god damned bat.

    1. Re:#FirstWorldProblems by Areyoukiddingme · · Score: 1

      Yes, lucky. You were lucky you didn't end up on crack, lucky your piece of shit dad didn't sell you into prostitution at 12 because heroin, lucky you DIDN'T STARVE TO DEATH AT 27. Go be part of the poor class in India or Somalia and then tell me that luck ain't shit.

      That wasn't luck either. My great grandparents emigrated for good reasons.

  296. Re:thanks slashdot by Anonymous Coward · · Score: 0

    That's fine, but it follows that arguments against "socialism" don't apply against "social democracy".

    So can we please debate "social democracy" without dragging "socialism" into it?

    (And those "democratic socialists" can fuck right off, the last thing we need is them confusing the picture yet further.)

  297. How do you like dem apples? by Anonymous Coward · · Score: 0

    Of course that's your contention. You're a first-year grad student; you just got finished reading some Marxian historian, Pete Garrison probably. You're gonna be convinced of that 'till next month when you get to James Lemon. Then you're going to be talking about how the economies of Virginia and Pennsylvania were entrepreneurial and capitalist way back in 1740. That's gonna last until next year; you're gonna be in here regurgitating Gordon Wood, talkin' about, you know, the pre-revolutionary utopia and the capital-forming effects of military mobilization.

    Fuck you.

    1. Re:How do you like dem apples? by sjames · · Score: 1

      You think Smith's "The Wealth of Nations" us a communist writing? The book that founded capitalist thinking? I'm guessing you never read it. You really should before you embarrass yourself further.

    2. Re:How do you like dem apples? by Anonymous Coward · · Score: 0

      WHOOSH!

  298. No, there are two ways he could obtain his insulin by GPS+Pilot · · Score: 0, Troll

    he understands that he needs socialized medicine or he dies.

    Socialized medicine could provide him with insulin paid for by taxpayers, who did not consent to the amount the IRS confiscated from them. (Indeed, even those who call for higher tax rates hire accountants, or meticulously go through tax-prep apps, to minimize their own personal tax bill.)

    Or, private charity could provide him with insulin paid for by people who provided the funds voluntarily.

    You might think that voluntary charitable contributions could never grow large enough to replace the nanny state. That would be wrong. Year after year, the amount Americans donate to charity breaks the record set the previous year. It grows faster than GDP grows, for reasons I won't get into in this post. In 2017, the amount was $410 billion -- which is within the same order of magnitude as the coercive (and highly inefficient) government wealth redistribution programs.

    Within our lifetime, we might see voluntary charitable contributions exceed the size of coercive government wealth redistribution programs. Even though this would result in a much more robust social safety net, some people loathe the thought that government would no longer have control over the social safety net.

    Three things prevent charitable contributions from growing even faster than they do now (thereby delaying the day when the nanny state is no longer needed) -- and all three are related to taxation.

    1. The tax rate directly affects charitable contributions. When people receive a tax cut, yes, they keep most of the cut for themselves, but they also give more to charity than they otherwise would have. If you take into account the fact that private charities create social good vastly more efficiently than government social programs do, cuts to the government programs do not cause proportional reductions in social good, and in some cases may even cause net increases.

    2. The tax rate indirectly affects charitable contributions, because lower taxes result in higher GDP growth, and more charitable contributions that arise from that GDP growth. (No, I'm not an anarchist who believes the tax rate should be cut all the way to zero. But I suspect we are far from the "sweet spot" that maximizes GDP growth and the growth of charitable contributions.)

    3. We're held back by the attitude that "federal, state and local governments are already taxing me, and in the aggregate transferring over $2 trillion per year from the top 40% to the bottom 60%, so why should I give more to charity?" All of us suffer from this transference of social responsibility -- away from individuals, and onto faceless bureaucrats -- to one extent or another.

    --
    That that is is that that that that is not is not.
  299. In other news... by sylvandb · · Score: 2

    In other news, a majority of young Americans are retarded (in the clinical sense, before political correctness rewrote the DSM) snowflakes, and big government likes them that way because they are easier to control. Wind 'em up, spin 'em around...

    Also, we're besties with North Korea and war with Russia is imminent. No wait, that was yesterday's copy. Today we are besties with China, war with Iran is imminent and neither Russia nor China play fair and we are very upset about it.

  300. Earth to Jerry by Anonymous Coward · · Score: 1

    I stopped after the first statement. You don't live on this planet Earth. The people who work the hardest and longest are paid the least and do the shittiest jobs. You ignore reality.

  301. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 1

    I think it also depends on which bits are socialised, which bits not.

    Sure, and it is obvious which sectors work reasonably well with socialism: natural monopolies, and markets with no transparency. Roads and healthcare are good examples.

    But socialism works very poorly in manufacturing, the delivery of most services, and any sector that relies on innovation and creativity.

    Socialist agriculture has been an unmitigated disaster wherever it has been applied.

  302. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 1

    Greece is more geographically separated, by water thus making distribution, travel, more expensive money-wise and time-wise,

    Hogwash. Manhattan, San Francisco, Britain, and Japan are also "separated by water", yet none of them are poor. Water makes distribution easier, not harder. Look at a map of rich and poor countries. Poor countries tend to be inland, with poor access to ports.

    And when did Detroit have a socialist government?

    Never. Who said they did? I was specifically pointing out that the high welfare spending model used in Detroit was NOT socialist.

    Are we talking about the same Detroit in MI?

    Yes.

  303. Re:thanks slashdot by Anonymous Coward · · Score: 0

    You failed to demonstrate that falsivity of the statement.

    Racists gonna race.

  304. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    If you get people off welfare and they become self sufficient, those programs go away. You have no heart. Think of the bureaucrats and their empires?

  305. Re: Everyone knew the pump and dump was coming... by reiterate · · Score: 1

    Sounds like you did a bad job. Good thing you don't have to care.

  306. False and useless question/argument by meburke · · Score: 1

    Capitalism and Socialism don't exist! These words are not nouns; they are labels, and they are grossly generalized labels at that!

    It is all right to argue the merits of generalizations (philosophers do it all the time), but before you can start the comparison you must have an agreement on exactly what those terms mean.

    Do you want to have some fun this week? Just go around asking your friends and acquaintances, "What is Capitalism?" or, "What is Socialism?" or even, "What is 'Capital'?" They may never forgive you, but it will be amusing.

    --
    "The mind works quicker than you think!"
  307. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Capitalism is oligarchy. No matter what you start with, it gets there. It is inevitable.

  308. Re:We've had laissez faire capitalism for centurie by Uberbah · · Score: 1

    And without the incentive to make money, technology and science won't exist.

    Rinky-dink embargoed communist Cuba developed a vaccine for lung cancer, and sends far more doctors to disaster areas than the infinity richer USA does. The Soviets put a man in space long before anyone else did.

    One characteristic of capitalists is to say 'what's in it for me?'

    Just because capitalists operate on pure avarice, doesn't mean the rest of humanity does the same.

  309. Re:No, there are two ways he could obtain his insu by lessthan · · Score: 3, Insightful

    Charities don't give the money out equitably. For the most part they have an agenda and you either have to meet a criteria or do something for the charity. What happens to the people who don't meet the criteria or are incapable of what is asked? Gay youth make up something like 40% of the homeless children. I can guarantee you that most of the Christian charities would ask them to "renounce their wicked ways" before helping them. Since being gay isn't a choice, that would be a little difficult for the kids to do.

    Charity isn't a guarantee. You say charity would be a more robust net and that may be true for some, but the net would definitely have larger holes in it than the one the government provides. A thin blanket is better than none at all.

    I would also point out that terrible people always find a way. If we were to switch to social safety nets based on charity, there would immediately be people taking advantage of both sides of the system. The rich would use their promises of donations to distort the missions of charities to favor the rich and the scammers would set up shop finding ways of getting more than they should. That is inevitable.

    In fact, while writing this, it occurred to me that shifting everything over to charity would allow for much less oversight. There would be more grift. What is the purpose of that? The charities that you know may be stellar, but you can't deny there are terrible people out there willing to use the word "charity" to make money. Heck, our president uses his "charity" to pay off his legal fees. It's like we are in a cave of scarcity and you anti-government people want the rest of us to throw away the flashlight. And it really sounds like you just don't want to pay taxes for the programs that you disagree with and to hell with other people.

    Also, Medicare alone is 702 billion dollars per year. 402 billion isn't going to cover it.

    Also, also, I realized that the system you are suggesting would resemble the scholarship system for colleges. Have you ever applied for scholarships? It is a PITA. It is always not enough, there are always conditions on the money, and you always find the great ones after it is too late to apply. Scholarships are what happen when you leave college tuition funding to charity.

    --
    Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
  310. Higher Ed is ffull of socialistic libtards by Anonymous Coward · · Score: 0

    Socialism sucks. I don't want to pay for a lazy ass to stay home, smoke weed, bang out offspring that are going to repeat.
    I am will to help the handicapped learn a trade where they can support themselves, and to help feed and house individuals that are so
    handicapped that they can not fend for themselves. But if an individual is able bodied they should be forced be given a task to perform..
    clean up trash, ping bridges, fill potholes, serve food in a soup kitchen,

  311. Re:thanks slashdot by Anonymous Coward · · Score: 0

    Capitalism: usually democratic but under a pure capitalistic society the democratic vote is skewed because only the rich can afford to run and get their name out.

    A literal card-carrying member of the DSA just got elected after being out-spent 18:1 and you're still sprouting this nonsense.

  312. Re: Everyone knew the pump and dump was coming... by terrycarlino · · Score: 1

    The problem from the beginning of safety nets, in the U.S. at least, has always been that it is cheaper to throw money at people than to actually solve problems. For example welfare programs were suppose to provide temporary support to the marginally employed or unemployed while providing programs that would make them both employable and better, more contributory members of society.

    Unfortunately training programs that really work with structured incentives and social intervention that changes people's behavior are really expensive and require a great deal of social commitment. It's cheaper to just throw money at people. So that's what we do.

    So what happened was the training programs and intervention programs either never started or were greatly underfunded. Then the failure resulting from underfunding was used as an excuse to kill them. Meanwhile the dole continues.

  313. Re: Everyone knew the pump and dump was coming... by Sarten-X · · Score: 2

    Distribution is a service.

    When economists talk about "distribution", then mean the distribution and allocation of goods and services. Economists don't care what logo is on the truck making shipments. They care about how many trucks are going to what places.

    Capitalists see subsidies as Lemon Socialism. Liberals see subsides as a form of capitalism. The capitalists have a better claim: The TARP bank bailout, and the auto industry bailout were both passed by Democrats, and opposed by Republicans.

    Partisanship somehow changes the merits of an argument? That's an... interesting... approach to debate. Politics aside, it's worth noting that the auto bailout ended up costing the US government about $14 billion, while TARP as a whole (including the auto bailout) actually ended up turning a $86 billion profit overall. All together, the program seems to have done exactly what it was intended to do: reduce the shock of the financial crisis, stabilizing the economy to protect against further snowball effects.

    Your partisan analysis of subsidies also doesn't mesh with a socialist perspective. To a socialist, subsidies are a governmental decision that something risky is of such benefit to society that the risk (financial or otherwise) should be offset. In a totalitarian state like the USSR or DPRK, the state-run company in that area would just go order work on that project... and open the door to corruption because the state will ensure the project's success, no matter how poorly it's managed or how wasteful it may be. With private industry, however, the subsidies have to be financial offsets, either ensuring a minimum income or covering some expenses outright.

    What's offensive to a socialist is the use of subsidies and financial incentives to support projects that aren't directly in the public interest. For example, I know of a particular company that promised to upgrade their factory in a small town, but only if they got a nice tax cut for a few decades (similar to a more-publicized event). While that made for nice headlines about "creating jobs", it hurt the town in the long run. Since the company's normal taxes were a significant percentage of the town's budget, local projects actually lost funding in order to keep the town's budget balanced. Sure, some folks got a new shiny office building, but the high school roof started collapsing.

    Unfortunately, that's been a recurring theme with American government policies lately. A notable example is the coal industry, which is subsidized by about $850 million annually, yet only employs about 77,000 people. That's about an $11,000 cost per person per year, ostensibly to keep those 77,000 jobs. The question is, of course, whether we need those jobs as a society. To a socialist, that $11,000 would likely be better spent funding career education and training to support other industries (or even bringing new skills to the coal industry), with the key benefit being that even if the coal industry collapsed, the society would still have a larger wealth of skills to continue progress.

    Again, it's a matter of philosophy. The socialists want societal improvement to be the primary goal of government, with industries benefiting indirectly. Who actually owns the company is relatively insignificant at this point.

    --
    You do not have a moral or legal right to do absolutely anything you want.
  314. Re:Everyone knew the pump and dump was coming... by terrycarlino · · Score: 1

    The reason socialism and every other system will never work is corruption and greed. The problems which are occurring in the United States with crony capitalism are the result of corruption and greed. The reason socialism doesn't work is corruption and greed.

    A working economic system must be corruption and greed tolerant, because any economic system that exists will have to deal with corruption and greed because it will contain human beings and some of them will be corrupt and greedy.

    The biggest problem with capitalism as it exists in the United States in the present is that corporations are out of control. This is a governance problem. Corporations are an instrument of the state. They were originally created to protect investors engaged in risky business ventures which were socially beneficial, like the transcontinental railway. As originally structured corporations were only allowed to engage in commerce in a very narrow manner. They were specifically barred from diversifying. This was to keep them too weak to do what they have done, which is regulatory capture,

    You want to fix crony capitalism? Break up corporations. Revise corporate law to prevent diversification and strengthen stockholder control over boards and corporate executives, and make corporate executives and board members legally responsible for corporate decisions. Yes I know technically they are legally responsible, but very seldom are they criminally prosecuted for corporate actions. Keep corporations small, weak, and narrowly engaged in commerce.

    As for fairness, fairness is our problem. Bureaucracies always try to be fair. That's why governments are bad at doing what charities should be doing. A charity can look at two people who are in the same position and help one and refuse to help the other, because one person was just unlucky and the other is a lazy slob. Government must help both, because it's fair. Eventually the unlucky one will recover. The lazy slob will suck at the teat of government forever.

  315. It's in the term itself. by Anonymous Coward · · Score: 0

    I know I am simplifying this too much, but here goes...

    Capitalism in its very NAME defines that your success in the system is determined by the amount of CAPITAL that you own.

    Guess which group in society holds the least amount of capital?

    Maybe the disillusionment comes from the fact that young people believe that with every passing year it becomes more difficult to accumulate capital if you start from ground up?

    Now, I don't know if this is actually true, but my instinct and personal experience tell me that it is so, and I am sure a lot of other young people think the same. I think we should not fascinate ourselves about what is "true socialism" here, because surely the goal for young people can be summarized as "anything but this".

    captcha: exclude

  316. Re:Everyone knew the pump and dump was coming... by Tyger-ZA · · Score: 1

    but when I read about the ISMs

    Just wanted to say that the ISMs are useful when everyone understands their meaning, but are a distraction when some people do not know (or think they know) what it means.

    Therefore, I'd say that the discussion on how society should be structured needs to happen outside of the realms of any current ideologies or ISMs, meaning that one could borrow ideas from whatever ideology (such as the notion of wealth/ownership), but specifically state what feature you're referring to instead of for example just invoking capitalism.

    Competition is a powerful tool

    So considering my comment above, I would argue that competition as a means of running society isn't the best solution for all, because to compete means that a few win while many others lose (a WIN/LOSE scenario). You can see the parallels of this in capitalism: for example in the console wars, where some win (MS, Sony, Nintendo) and others lose (Atari, Sega, etc)

    I don't know what an ideal society would look like, but I would like to see collaboration instead of competition. By that I mean, multiple entities working together for a mutually beneficial outcome (a WIN/WIN scenario). That may be as small as a few people coding on an open source library, or as large as entire nations trying to colonise another planet or build a space station

    Of course, such a notion is incompatible with greed, so that human need to Own All The Things needs to be fixed as well.

  317. Re: Everyone knew the pump and dump was coming... by Evtim · · Score: 1

    You know what's really indicative of a totalitarian mind?
    The excuse has always to do with rough individuals not a fault of the system. It was Mao and Stalin your honour, not the system! It was not real communism! Next time we will succeed, for sure! Just 200 extra megadeaths....it's a bargain.
    Stupido, the system is fucked up so whoever you put on top is a dissaster. Do you seriously suggest that without those individuals the horrors would not have happened?
    If the Chinese are so revolted why nobody stopped Mao? Cause the system is like that....stupido!

  318. Re: Everyone knew the pump and dump was coming... by ShanghaiBill · · Score: 1

    So this whole overblown mess over the last few years is that young people wanted to use shorthand to describe an ideology and the word means something else to the old people?

    No, that is NOT the problem. First, this not a "young vs old" issue. Some people are using the word "socialism" to mean "progressivism", which is also called "liberalism" in America (but not in other English speaking countries). But other people, in this very thread, are using it to mean "capitalism without subsidies", so "socialism" apparently means the free market should be more unfettered. Other people, in this thread, think socialism is communism.

    On a scale of economic ideologies it is being used for everything from 0 to 10.

    In the field of economics, the word has a specific meaning. But to the general public, the word now means everything and nothing. It is meaningless when used by a non-economist.

  319. Re:thanks slashdot by Anonymous Coward · · Score: 0

    Who cares. Europe is fucked.

    I'd rather live in Germany than in USA. You lot have too many opportunities to get shot and then pay way too much for healthcare IF you survive. Also, you have Nazis

    Think about that.

    You have a Nazi problem and Germany has a better standard of living. WTF happened to your country?

    USA is Capitalism's hole card, and you're losing the argument big time

  320. Re:Perspective is required by Anonymous Coward · · Score: 0

    > No elevstors in most houses

    Uh, I no of no house with an elevator in it. Some might have motorized chair-lift things to go up stairs (for disabled/elderly). A few might have dumb waiters. But no elevators that I know of.

  321. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Ain't that the truth.

  322. Ugly face... by Anonymous Coward · · Score: 0

    Capitalism is eating itself: less than 5% of population owned more than 90% of wealth. This is unbearable, and going to singularity... Think about it...

  323. Capitalism is inherently flawed by Anonymous Coward · · Score: 0

    Boom and bust and unemployment are inherent to capitalism, without bust, there can be no boom and no reallocation of wealth upward, and without unemployment, employees can demand too much of a fair share of the profits.
    Capitalism works on greed, which is a bit more reliable to get than altruism, but it unfortunately REWARDS greed, so therefore the worst people rise in power whilst the best lose it.

  324. Oh well tell us about these other perfect infos. by Anonymous Coward · · Score: 0

    You proclaim that the other systems DO need perfect information to be perfect. Tell us what they are and how. And, please, no special pleading, it has to be in a similar way as the free market is DESIGNED around perfectly informed customers.

  325. But the loan has interest, and IS the loanee's by Anonymous Coward · · Score: 0

    If loans were not usurious then you'd have a point. A fairly meaningless one, but a point. As it is, the loan is paid back several times over, and none of that extra money is earned by the person who loaned the cash. THIS is why economics in a capitalist system is always and only ever will be trickle UP.

    You want a house and can't afford it outright, you have a loan. The more you have in cash the better rate you get AND the less you loan, making the house cheaper and cheaper as you get wealthier. But the amount extra you pay went to someone with EVEN MORE MONEY than you.

    Hell, if you have more than enough to buy outright you can take the loan out ANYWAY and get so low an interest rate that you can make more than that investing the unneeded, along with that you get tax relief on the loan repayment. You HAD the cash to buy outright, but "borrowing" it worked out to gain you MORE profit.

  326. Where the fuck did you get that idea???? by Anonymous Coward · · Score: 0

    Socialism is not equal poverty you shitheaded moron. Fuck, CORPORATIONS are vastly more purely that than Stalinism is (which you are DEFINITELY confusing with socialism, and Stalinism is not even a you claim: that's just merkin propaganda, as reliable as ISIS radio). For a corporation ALL the profit goes to the CEO/shareholders who then pays all the bills and keeps as much for himself as possible. ALL the work goes to the workers who get the choice of death or penury, the latter of which ensures they do not have the resources to leave or demand a better cut of the profit of their work.

  327. They inherited cash. That is dishonest. by Anonymous Coward · · Score: 0

    Because they never earned it. They didn't earn the several family homes, the businesses, the products of the workers in those businesses, they just inherited it, even if they were a retarded orange shitstain or a cockgobbling whore while those who DO have the brains to make that pie larger are stuck in a poor housing area where the school cannot teach them due to lack of funds and whose parents have nothing to help him up to better things with and so is left AT BEST to get a job at some shelf stacking warehouse or fast food store.
    Inheritance tax should be 100%. If you want to give your children a hand, DO IT WHILE YOU'RE ALIVE. Hand over the family business as if you were selling it to your child, pay the tax needed for selling the business. If you know it will all go when you die to the government YOU WILL SPEND NOT HOARD, and taxes are on money moving, not standing still, so tax revenues will rise and therefor the tax rate can drop, making it better deal to move the money more, increasing tax revenues.

  328. Re:thanks slashdot by Anonymous Coward · · Score: 0

    As long as you moronic idiots keep misplacing Stalnism for Socialism you DO NOT get to whine off that social democracy (which works) is not Socialism you fuckwit.

  329. No, they are socialist. by Anonymous Coward · · Score: 0

    Either that or China is capitalist, as was Russia. they had a stock market too.
    But none of that is the case, you are a clueless idiot with one idea in mind: that socialism MUST NEVER WORK, so if it DID work, it cant have been socialism.

  330. Re: Everyone knew the pump and dump was coming... by drsquare · · Score: 1

    "It's not real Capitalism."

    Where have we heard that one before?

  331. Re: Everyone knew the pump and dump was coming... by MightyMartian · · Score: 1

    Why do people keep think I'm defending Marxism? The system never worked. It was not even implementable

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  332. Re: Everyone knew the pump and dump was coming... by MightyYar · · Score: 1

    Yes, this is why a proper incentive structure is so important. I was mulling over how to introduce some competition into the process - try different approaches and reward the ones that work at the expense of those which don't. Perhaps fund charities based on their success in removing people from roles while also measuring outcomes in some way (e.g. recidivism, wellness measures, etc). You could set it up with a grant structure, where the grant money starts as a pilot and is adjusted based on success or failure. I think that, at least, this would get the low-hanging fruit - obviously some people will always be dependent on someone else for support.

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  333. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Hogwash to your hogwash. You brought up Greece and Denmark to compare democratic socialist implementations of governments and concluded a whole nation of people are lazy. You did not include other factors(at least in your post). Your inclusion of Detroit was confusing because in this thread of posts you seemed to lump that city in with Denmark and Greece(and you still ignored other factors like outsourcing).
    So when you compare Denmark and Greece, are you taking into account initial starting conditions, and what is the start of the comparison period? Do you at least acknowledge that between Greece and Denmark that Greece has the bigger logistic problem due to their geography?

  334. Re:Perspective is required by Anonymous Coward · · Score: 0

    The factual stuff is ok. The rest..maybe you are mistaken? US isn't all a Jerry Springer episode.

  335. Re: Everyone knew the pump and dump was coming... by mjwx · · Score: 5, Insightful

    The system we have isn't Capitalism, it's Cronyism. Brought on because people think that Keynesian economics is somehow a good thing. Sadly this line of thinking is so prevalent on both sides of the isle, that it will never get fixed until the system collapses. Young people today have never seen Capitalism, they have only seen Cronyism and yet everybody calls it Capitalism. It isn't.

    You do still see Capitalism at lower levels of society. The farmers markets, the used/antique markets etc. But those in government don't make money on these, they would rather make the big bucks working with large corporations. As a result, the large corporations get the laws passed that they want, usually at the expense of the little guy. Hence Cronyism wins the day.

    Now, if we can just get young people to understand the difference...

    Cronyism or crony capitalism is capitalism in a pure form... The farmers markets et al. are examples of small market economies which scale out to be mixed economies.

    The problem isn't that young people don't understand the difference, it's that you have made up your own definitions.

    Successful economies are always mixed economies, combining parts of capitalism, socialism, free market libertarianism and controlled markets. There's plenty of room to argue which mix is best but pure forms of these ideas are and have always been bound for failure.

    --
    Calling someone a "hater" only means you can not rationally rebut their argument.
  336. Re:Perspective is required by Anonymous Coward · · Score: 0

    Food that actually tastes :) oki, I exagerate

    No you don't! I've traveled abroad several times, and was amazed at how good the food and wine is for so much less money...the best restaurants I've been to in the U.S. are all mom and pop ethnic restaurants (thai, ethiopian, etc). In my experience, even food in the U.S. is far from the best.

  337. Re:Ignorance by will_die · · Score: 1

    So you are saying almost all white.

  338. Re:thanks slashdot by Anonymous Coward · · Score: 0

    No, it isn't a 'no true scottsman', socialism and social democracies are EXTREMELY different. For starters, with a social democracy, you can have private ownership, something forbidden under socialism. Please point out where in Europe you can't own your own business? Social democracies take elements of socialist countries, such as national healthcare or unemployment, and implement them, but the whole "the means of production is owned by the state" is a pretty big fucking difference.

  339. Re: Everyone knew the pump and dump was coming... by DarthVain · · Score: 1

    Your comments and a couple others are the most pertinent I've seen. It's a complex issue. Adding to yours:
      1) Another poster mentions the fact that by definition it means that the resources and institutions are held privately VS nationally. This is at the heart of the Canadian and US softwood lumber dispute. Whereas most of the lumber produce in the US comes from private land, to which the supposed "market" dictates the production cost, in Canada most of it is produced from Crown or national land, by which the government charges stumpage fees. The whole arguement can be boiled down to that the US believes that the fees that Canada charges are lower than that determined by the US market, and thus an unfair advantage (disproven twice btw).
        2) It is also a means or tool of efficiency, which is really good at what it does, but the end result, left unchecked, has obvious results in wealth inequality.
        3) As you and another eloquently put it, under the current framework, the wealthy more so in recent years than most, have more less "pulled the ladder up" after themselves to ensure that only they and their offspring have the advantage, done as you say largely through government manipulation. Which could be also argued is not a failure of capitalism, but in the system of democracy being employed that allows for it. The fact that Trump runs the show is a pretty good indication is this. Considering the only really tangible thing he's done is a tax bill that overwhelmingly benefits the wealthy, and even makes one of the worst wealth inequality offenders, the Estate Tax even more lopsided towards people collecting all the money at the top and keeping it there indefinitely.

    Anyway blaming capitalism is a simplistic view, as it is more about how it is implemented, and indeed how it fits into the political framework. However given how things have gone for years now, it isn't really all that surprising that a younger generation isn't all that keen on the system which seems to be failing most of them. Hence all those protests from young people about the 1% and occupy wall street, etc... That said look how many people voted for the Republicans, though again one could argue that at least in this regard the Democrats are not really any different. As a last note, none of this is really new, and all of it has existed at one point or another during history, it's more about how far that pendulum has been allowed to swing in modern times.

  340. What about other ages? by strikethree · · Score: 4, Interesting

    I am curious about how other age ranges feel about capitalism right now too.

    The funny thing is that capitalism is still the best method for managing resources since the inputs and outputs are decentralized; however, once everything gets centralized like it is right now, I would have to ask if it is really capitalism or if it has morphed into something else.

    TL;DR, asking today's youth about capitalism is absurd since we do not really have capitalism right now. Maybe a form of corporate fascism since companies seem to be able to buy laws with impunity.

    --
    "Someone needs to talk to the tree of liberty about its ghoulish drinking problem." by ohnocitizen
  341. Re:thanks slashdot by sabbede · · Score: 1
    Except that it isn't. What Europe has been calling Democratic Socialism is just Capitalism with the line dividing public and private goods moved over a little. Every political economy in Europe is Capitalist.

    If individuals are the primary makers of political and economic decisions, they are not living in a Socialist system.

  342. Re: thanks slashdot by strikethree · · Score: 1

    Some amount of "socialism" is desirable.

    It is most desirable to have people independently motivated and capitalism is how that can be best achieved considering our knowledge of human nature and economic systems. The real problem is that what America has right now is not capitalism. It may have been capitalism in the past, but at some point, everything consolidated into too few owners and now, America is paying the price for that.

    Capitalism is the best way to handle things considering our knowledge and nature; however, it MUST be managed properly. It has not even been managed at all. A reset WILL come soonish. Hopefully it is not extremely bloody, but I think it will be. *sigh*

    --
    "Someone needs to talk to the tree of liberty about its ghoulish drinking problem." by ohnocitizen
  343. Re:thanks slashdot by sabbede · · Score: 1
    It's not a Scotsman fallacy, it's distinguishing between unlike concepts. European-style Democratic Socialism is an inherently Capitalist political economy. It is not Socialism, does not borrow from Socialism, and has basically nothing to do with Socialism. It is Capitalism with a broader view of what is a public good that should be provided by government. The means of production are all still privately held, there are just more publicly provided services than there are in the States.

    American Democratic Socialism, on the other hand, is just classic Socialism with some obfuscated marketing. Unlike the European flavor, it is inherently undemocratic.

  344. Re:thanks slashdot by sabbede · · Score: 1
    Communism is a slightly modified form of Socialism. Either are inherently incompatible with democracy. The argument in the US has in the past been about where to draw the line between publicly and privately provided services, not over the ownership of the means of production or centrally managed resource allocation and distribution.

    Until a year or two ago when a bunch of ignorant kids that understand neither Socialism, Capitalism, or political economies in general started promoting actual Socialism.

  345. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    The word you want is "jibes", not "jives", turkey.

  346. Don't forget we stigmatize poverty by rsilvergun · · Score: 1

    odds are that nobody wants to tell the GP they've been through a bankruptcy. You're not supposed to talk about it. What do they call us? Temporarily inconvenienced millionaires...

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/
  347. Re: Everyone knew the pump and dump was coming... by sabbede · · Score: 1
    A government owned means of production does not make a system Socialist. The number of services that are provided by the public sector does not make a system Socialist. Socialism is government ownership of ALL means of production, allocation and distribution of resources and finished goods.

    Remember, labor is an economic resource. Thus where every individual lives and works is, in a Socialist system, determined by a central planning authority, not the individual. Moreover, and as Marx famously noted, political and economic systems are inseparable. If a central authority makes the economic decisions for everyone, it is also making their political decisions. In other words, individuals have no political power.

    There is no half-measure, no blend of Socialism and Capitalism or Socialism and Democracy. They are incompatible at the most fundamental levels. Capitalism can have pseudo-Socialist features like providing more services through government and Socialism can permit some private ownership

    Oh, the government does not produce tax income. It taxes income to generate revenue. Taxes are not production, nor are they productive. Our government does not produce anything on its own. The closest it comes is printing cash and publishing various documents. Even then I think they pay private companies to do the actual printing.

  348. Re:thanks slashdot by Dread_ed · · Score: 1

    Demonstrating self evident truths is masturbation. I don't do that on the internet.

    Calling others racist without any justification is the worst kind of idiocy. Makes sense though, since you're a pedophile nothing is beneath you. (See how that works? Now, I doubt you're a pedophile but I am certain beyond all things that you're certainly a piece of shit.)

    During periods of high immigration there are problems that arise. These problems are the same in every country I have seen:

    1) Immigrants get paid less
    2) Immigrants are ostracized
    3) Immigrants are incarcerated at higher rates
    4) Immigrants do work that gets them killed and hurt at much higher rates
    5) Immigrants are disenfranchised
    6) Immigrants have less access to medical care

    Just like everyone I see calling other people racist for wanting controlled immigration, you fail to take into consideration the life and happiness of immigrants themselves. You want immigration*. You don't care how it feels to the immigrants. To prove the statement "...high immigration is only a problem if you're racist" all of those immigrants must be racist, because the problems of high immigration are borne by the immigrants.

    *I actually think most people who support high immigration, illegal immigration, and call others racist when they oppose it are just in the game to call other people racists and make themselves look good. I know this because they do nothing to change the laws about immigration in this country and they do very little to actually help immigrants. (Posting on the internet is not helping immigrants. Calling people racist is not helping immigrants.)

    Only a self-absorbed rancid piece of shit would encourage high immigration, much less illegal immigration, without a robust social and law system designed to represent the immigrants universally and fairly, and a society that is prepared and accepting of the idea. The US does not have this and you can see how it works out:

    1) Invite immigrants
    2) Call anyone a racist that objects
    3) Make no preparation for immigrants socially, legally, and/or economically
    4) Intentionally make sure the immigrants are not protected from harm, suffering, fear, and even terror.
    5) Hold up examples of the inevitable harm which happens to immigrants as proof of racism.

    So yeah, I call anyone who encourages illegal immigration and high immigration without first preparing the society for it a racist and a traitor. These people intentionally create suffering of people from another country, use that suffering to attack their own country, and give less than zero actual fucks about the immigrants lives and families that are destroyed.

    Look at it simply. Your country is your home. How do you treat visitors, much less someone you are inviting into your home to live, to become family? Some of you are upset that the new family are having a bad time. That's understandable. However, you're blaming everyone else except yourself.

    I'm upset that you fucking idiots didn't clean up the house, make room for them, and prepare dinner before you invited them. Now they're tripping over your shit, stepping on your kids, and going hungry, and according to you it's still someone else's fault. In fact, it's so important to you that it's someone else's fault that you are going to make sure the conditions are complete shit for as long as possible so you can keep blaming someone else. Every time a child slips on a skateboard you left out and falls down the stairs you left it by, you cackle with glee inside because you get to blame someone else even more.

    --
    When the only tool you have is a claw hammer every problem starts to look like the back of someone's skull.
  349. Ignorance is bliss. The Gulag is Hell. by watsonoo73547 · · Score: 1

    Capitalism. Kids hate the very thing that provides them a life unfettered by need, want or discomfort.

  350. Re: Everyone knew the pump and dump was coming.. by cptawesome · · Score: 1

    Do you think people are not dying in Communist China for the same reasons? Industrial pollution, poor workplace safety, etc? That's not a failure of capitalism in itself. Now, that's very different from getting a bullet to the head, or being sent to a forced labor camp to work until you die, because of your political beliefs. That's what we're talking about when we say "communism kills" - governments actively killing their own citizens due to ideology, by the tens of millions. Can you show me a capitalist country that does that?

  351. Re:Ignorance by Anonymous Coward · · Score: 0

    Proven false. Free market socialism existed before any form of capitalism was ever contrived. History proves this, and also asserts that free market socialism was vastly better than any form of capitalism, as there is no way to concentrate wealth in the hands of capital owners. Besides, there really isn't such a thing as a "free market" any more than there is "free energy". This has been proven as well, unless you relish the thought of purchasing your children back from the slavers that captured them, which is exactly how "free market capitalism" has ended in every instance it's been attempted.

  352. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    By name, NOT by definition.

    captcha: rations

  353. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    You are most likely severely misinformed about the European model. Right wing propaganda is the most powerful media force in the US after all.

    You would only pay +50% of your income if you made over $100 million. Sorry, but that is the indisputable facts, you can verify it from literally every source on the internet.

    If you make less than $250k or so, you'll be in the 33% tax bracket. I appear to make more money than you (I'm in a higher tax bracket), and I still have vastly more money than most Americans. I've calculated that living in any European country, I would ultimately pay less overall, as I wouldn't have to spend thousands a month on healthcare for my family. I'm certain you'd fare better too if you understood the European socialist system. Many conservatives simply need to be informed about the realities of it instead of adhering to the flimsy bogeyman the media makes out of it.

  354. Re:Ignorance by serviscope_minor · · Score: 1

    If that floats your boat, sure. I'd recommend bible printed toilet roll however. It's likely to be Much more comfortable.

    --
    SJW n. One who posts facts.
  355. The giant elephant in the room... by kaatochacha · · Score: 1

    The one everyone keeps ignoring, is military spending.
    Like or hate the US, they spend a gob on the military, and most of Europe falls under that protection umbrella.
    Remove that protection (or fascism, or imperialism or whatever you like to call it) and SOMETHING will need to fill the newly obvious vacuum.
    Either each country will need to increase expenditures in that area drastically, or there may be a remaking of borders. And that money has to come from somewhere.

    If you believe the US removing it's military presence will revert everyone to lions lying with sheep, you're pretty naive.

  356. The problem is clear - Not Enough Dictionaries! by sabbede · · Score: 1
    Going through the posts it became clear that nobody in favor of Socialism, nor many of those opposing it, knows what the word means. Ditto for Capitalism and Corporatism.

    Socialism is not government providing some services. It is "public" (aka, government) control of ALL means of production. This necessarily includes all resources for production, like labor. It is not "single-payer healthcare", nor is it European-style Democratic Socialism (which is entirely Capitalist, but with more services). Democracy and Socialism are fundamentally incompatible. Marx was right about the inseparability of political and economic systems. To deny the people the right to make economic decisions is to deny them the right to make political decisions. To concentrate economic authority is to concentrate political authority.

    Communism is a modified form of Socialism. It essentially is Socialism with the goal of becoming an anarchic utopia. As that is a practical and theoretical impossibility, there is little effective difference.

    Capitalism is private control of the means of production, generally operated for profit. Unlike Socialism or Communism, it does not seek to change human nature or avoid it's more inconvenient aspects. Capitalism accepts humanities flaws and uses them. It sets greed against greed, and cheaters against cheaters so that they must establish fair rules to protect themselves from each other and thus each other from themselves. Unlike Socialism or Communism, it uses self interest instead of trying to supplant it. It is not perfect, but never claims to be. It has within it both the room and the means for improvement.

    Corporatism is not corporations running everything. That is Corporatocracy (which is entirely theoretical so far). Corporatism is a decision making process involving government and industry stakeholders (businesses and labor). It predates Capitalism (in the form of guilds), and has been used by Capitalist, Socialist and Fascist systems.

    China is not Capitalist. It is a Socialist dictatorship that allows for semi-private enterprise.

    Socialism cannot make people more free. It will reduce the number of decisions people have to make, the number of things they have to pay for directly, and the number of responsibilities they have, but this is not freedom. If it were, none would be more free than the slave.

  357. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Demonstrably false. You have provided the Fox News definition of socialism, not the definition that 99% of the world uses and accepts.

    Under your definition, all open source software (arguably the most socialist construct on the planet) belongs to the government. Since it obviously doesn't, you can clearly see where your logic has failed.

    Socialism is simply community ownership of the means of production. That can be with or without a government (after all, socialists invented the concept of libertarianism and anarchy as well, if you're well read in history).

    You are welcome for the politics and history lesson, ShanghaiBill! I hope you have learned something so you don't continue embarrassing yourself on /. :)

  358. Re: Everyone knew the pump and dump was coming... by Areyoukiddingme · · Score: 1

    The word you want is "jibes", not "jives", turkey.

    Yes, it was. Thank you, chicken.

  359. Alternatives by Doctrinsograce · · Score: 1

    It is significant that the word "feel" is used here. Since the majority of people simply feel instead of cerebrate, what do these kinds of articles accomplish? I wonder what percentage of Chinese young people "feel" about totalitarianism? Capitalism is and never was something you felt good about... it has too many issues. However when studied, considered, compared, and evaluated... capitalism beats the stuffings out of any other approaches.

  360. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Wow, everything you just said is utter horseshit. I can't even find a single link in support of anything you've said, all I can find is thousands of links debunking your claims here.

    That's to be expected from a guy that fell for the childish canard that "socialism is the gobmint owning everything" though. You are very easily tricked, and it's easier to trick someone than to convince them they've been tricked.

  361. Re: Everyone knew the pump and dump was coming... by angel'o'sphere · · Score: 1

    That is actually an idea!
    I could aim to earn more than 1M a year, cut down on taxes somehow, save the money for ten years, buy a private lear jet, and hire a pilot for mere 200,000 bucks a year.
    Well ... then again a flight from FRA to BKK would cost me 20k in fuel, and back the same.
    And: I would need a cook, too. And probably a flight assistant, and one who keeps the bar stocked.

    Anyway, if you have a business idea where we can make that money, I'm all ears ;D

    (However I then settle for a yacht, I can pilote it myself and only need one extra person, depending on size .... and it is much much more fun)

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  362. Good! by Reziac · · Score: 1

    They can give me all their money.

    --
    ~REZ~ #43301. Who'd fake being me anyway?
  363. Re:No, there are two ways he could obtain his insu by GPS+Pilot · · Score: 0

    The beautiful thing about private charity is, you're in control. If you feel gay youth are underserved, that's where you can direct your dollars. You don't have that power when you write a check to the IRS.

    Apparently you're not familiar with CharityNavigator.org. If you choose charities that have earned four stars from CharityNavigator, your dollars will be spent exceptionally efficiently and griftlessly.

    Again, that's better than government attempting to do social good. It's terribly inefficient at that. I have participated in legal grift when I traveled on government contracts. The per-diem allowance is so extravagant, I was always able to stay at four- or five-star hotels, and enjoy fine dining every evening. That's totally unnecessary for someone at my level. I would have performed the job just fine, and taxpayers would have been much better served, if my lodging had been restricted to two-star hotels.

    The PITA scholarship application process you described is what happens when privately-funded scholarship dollars are scarce. As the number of such dollars increases, the process will necessarily be relaxed somewhat, because it wouldn't be possible to give away all those dollars if the process remained as stringent as it is today.

    It's true that private charities are more willing and able than government to make judgements about who is truly needy, and who is merely lazy. Don't act like that's a bad thing. For as long as the social safety net remains finite in size, it will be important to direct resources more in the direction of the truly needy, and less in the direction of the merely lazy.

    Medicare alone is 702 billion dollars per year. 402 billion isn't going to cover it.

    That's why I said "Within our lifetime, we might see voluntary charitable contributions exceed the size of coercive government wealth redistribution programs." I pretty clearly acknowledged that we haven't yet reached that point.

    That reminds me. Private charities do not build up unfunded liabilities. Government entitlement programs, on the other hand, have built up $210 TRILLION in unfunded liabilities. In other words, $210 TRILLION in future obligations, for which we currently have no idea where the money will come from. The unfunded liabilities will inevitably begin to come due, like an apocalyptic balloon payment. This fact alone should make everyone want to make a shift toward private charity, rather than doubling down on the programs that created the unfunded liabilities.

    I've heard people describe Lyndon Johnson's "Great Society" programs as "successful," but they couldn't possibly be aware of the unfunded liabilities while making that characterization. Johnson himself, if his advisors had been able to foresee and warn him about the unfunded liabilities, never would have endorsed his Great Society programs. He didn't have a deathwish for his country's economy.

    --
    That that is is that that that that is not is not.
  364. Re: thanks slashdot by ebvwfbw · · Score: 1

    Not true. The problems with America are the parts that socialism has been implemented. If we were totally capitalistic it would be a whole lot better.
    Besides, what the left wants is equal outcomes, not equality. So you can work your ass off and you get the same stuff a slug gets. I know a slug, she's a total drain on society. She's also about 450 Lbs. That's what socialism does to people and she's a very hostile dependent. I've known others just like her.

    I also know guys that worked their asses off and they've done very well. For that I'm sure we traded years off of our lives.

  365. Re:thanks slashdot by ebvwfbw · · Score: 1

    She spouts nonsense. She's really stupid.

  366. Re:thanks slashdot by ebvwfbw · · Score: 1

    Your close, not quite there. Way left is the Communists. Then the Fascists, then the Socialists. Then you have various levels that aren't quite socialist, middle ground, then you're on the right. Ironically Communists, Fascist and Socialists hate each other. All three kill lots of people and destroy culture, societies, good stuff. All in the name of so called equality. Here's a good place to read the diffs http://aynrandlexicon.com/lexi...

    Fact is, being an American right now puts you in the top 1% of the world. Just think about that a minute. 99% of the world is worse off? You betcha. Yet people bitch, moan and complain about everything. America has so many first world problems.

    In America if we got rid of the socialist parts, it would be a whole lot better. OMG, a whole lot less BS.

  367. Re: Everyone knew the pump and dump was coming.. by Anonymous Coward · · Score: 0

    You donâ(TM)t even have to go to China, just hop across the northern U.S. border.

  368. Re:No, there are two ways he could obtain his insu by lessthan · · Score: 1

    I like, in a sarcastic way, how you skirted the idea that charities would only help those they deemed worthy. I suspect that 'lazy' has a wealth of meanings for you. I am familiar with Charity Navigator. I would point you towards Rotten Tomatoes, which was, more or less, subverted the moment the big movie studios took a hit in profits they could trace back to the site. Do you think that the mega-churches would fail to do the same to Charity Navigator?

    Republicans whine about unfunded liabilities, then spend big. If they were concerned about government debt, they wouldn't add to it every time they get into power. Also, stuff like Social Security was designed to be "unfunded." We pay taxes to fund those currently on SS, as future generations are to pay for us. The only way the system breaks down is if people stop paying taxes (which could come about from a number of apocalyptic scenarios).

    Again, this comes back to you and those like you. This belief that anything that doesn't directly benefit you is a waste of money, no matter the net benefit to our society as a whole, that people who need assistance are just "lazy." It is short-sighted, narrow-minded, and it is dragging the US down more effectively than any outside agent ever could.

    --
    Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
  369. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    What is "poverty" in US ? I mean, beyond the sound bites. A lot of the people complaining about poverty in US would actually be pretty well-off in Denmark. Not having a 60" TV or not having a car is not being poor.

  370. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Do you mean if someone gives you a million a year out of the sky ? because that (and maybe not even that) is when anyone would not care that 90% of it goes poof.
    Any other case, if you actually had to work and stress and risk your savings or investments for that million, you would absolutely care.

  371. Fewer than half of older Americas by Anonymous Coward · · Score: 0

    are positive about more than half of younger Americans.

  372. More like the young.... by Anonymous Coward · · Score: 0

    get to the point where they got theirs, so why fight so the other guys they used to bitch with can get theirs too?

    I've seen this more and more as I grew up. At some people the anarchists, socialists, and free market capitalists alike get to a point where they have theirs, and they want to keep having theirs even at the expense of others around them, or the priciples they espoused on their way to their current success. If you look at the practicalities of how they became successful, it was always by selling out just a little of their morals at a time until they are financially flush, but morally bankrupt.

    I think that sums up the majority of people in life, and explains why the status quo so often remains the status quo until long after it has lost tenability.

  373. Re:In US, income disparity is representation dispa by sjames · · Score: 1

    Given a few infamous cases of "affluenza", people are provably correct about the wealthy getting special treatment in law. Commoner goes bankrupt, sorry but your student debts will follow you through the bankrupcy. Bank goes bankrupt, it's here, have a billion dollars to make sure those executive bonus checks don't bounce.

    In some states, poor people still go to jail (debtor's prison in all but name) if they can't pay a fine. Cash bail is simply unaffordable for many. Even 10% of the bail is out of some people's range and you don't get it back even if you're not guilty. And of course, public defenders are chronicallu overloaded and in some states only available if you're indigent (but not if paying the lawyer bill will render you indigent). Of course that's not even an option in civil court, so a corporation threatening to sue you is effectively an edict from the king.

    Essentially, being poor is expensive and to many it feels like being kicked when they're down.

  374. Re: thanks slashdot by epyT-R · · Score: 1

    t may have been capitalism in the past, but at some point, everything consolidated into too few owners and now, America is paying the price for that.

    and socialists want to consolidate it further into one big corner: the US federal government. Fuck that.

  375. Re: Everyone knew the pump and dump was coming... by Crashmarik · · Score: 0

    Pretty damn good

    https://www.washingtonexaminer...

    Trump is ahead of his promise to de-regulate.

    Oh you didn't actually want to hear that did you ? I get a vibe your pretty happy with the swamp as long as it makes life difficult for people you resent.

  376. Re: Everyone knew the pump and dump was coming... by dryeo · · Score: 1

    Canada is pretty diverse.

    --
    https://en.wikipedia.org/wiki/Inverted_totalitarianism
  377. Re: Everyone knew the pump and dump was coming... by phantomfive · · Score: 1

    That is my dream, but lately I've scaled it back to business class flights and hotel rooms without bedbugs....

    --
    "First they came for the slanderers and i said nothing."
  378. Score one for Jordan Peterson... by Anonymous Coward · · Score: 0

    He saw this shit coming from a mile away...

  379. Capitalism is the table, Socialism is the chair. by cmdrdataleak · · Score: 1

    You can work without the chair, but it is more fatiguing to the individual. You can work without the table, but it limits you to not building anything larger than your lap. ...

  380. Speedypaper by Anonymous Coward · · Score: 0

    To write A-worthy essays, reports, term papers, and theses every time, you should emulate exemplary writings and use winning techniques.
    Contact here -Speedypaper

  381. Now why is that? by Chas · · Score: 1

    They've been told College is THE path to wealth.
    They've been sold on a line of majors/degrees with limited-to-no ACTUAL utility in the jobs market.
    They've been promised corner high rise offices with a sexy secretary and and expectation of being paid six-plus figures to do little more than browse porn and post on Twitter for 8 hours a day.

    Now, when all the bullshit they've been sold by the communist-infested educational system turns out not to be true, and that they're tens, if not hundreds of thousands of dollars in debt and can't even get a minimum wage job asking about fries? Then you tell them, that with their level of non-income, they're now firmly in debt for the rest of their lives?

    Then you have a bunch of communist agitators come along and tell them "free stuff, debt forgiveness, life will be unicorn jism, fairy farts and orgies every day", of COURSE these people are going to be down on capitalism.

    "I didn't do any research! Now I can't get ANY job with my Masters in Intersectional Lesbian Basket Weaving Studies!"
    Note: STUDIES. Because the courses for Intersectional Lesbian Basket Weaving were "too hard".
    "I'm mad and I now think the world owes me free everything!"

    And this is why anything that's NOT STEM or an actual jobs-oriented major should only be offered on a cash-only basis.

    --


    Chas - The one, the only.
    THANK GOD!!!
  382. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Yeah we drained the swamp and filled it with quicksand.

  383. Re:Everyone knew the pump and dump was coming... by thsths · · Score: 1

    And yet, this is what people votes for. The most Ferengi like government ever.

  384. WTF Slashdot Repost by Anonymous Coward · · Score: 0

    This article was posted on the 14th and has tons of comments from that time. It's now the 16th and it's the second article with a new posted time of the 16th. CNN paying Slashdot to keep its link near the stop? Slashdot trolling members to get more hits? WTF? The site can't even manage to list articles in chronological order and/or not screw with posting dates. I really hate the modern web where whatever drives the most hits or interaction from users breaks all norms and 'rules' to stay on top. Fuck you guys for degrading the awesomeness of the world wide web. No one will ever hear another phrase of Slashdot from me and I used to recommend the site to people all the time.

    If you want people to see popular topics, then have them sort by posting count. Don't fuck with the natural ordering of posting nor create fake articles to increase your greedy bottom line. At the very very least, if you're going to delete an article and repost it with a later timestamp along with all the previous comments then make an update to the article summary explaining as such. You guys fail at even the basic level of curiosity.

    1. Re:WTF Slashdot Repost by Anonymous Coward · · Score: 0

      And of course I mean "praise" and "courteously". Fuck me too.

  385. Re: Everyone knew the pump and dump was coming... by cbraescu1 · · Score: 1

    Denmark isn't engaged in autocratic centralized control of all facets of the economy. Yet some people spit at the word "socialism" as if it were equivalent to Stalinism or Maoism.

    Denmark is NOT socialist, it's a democracy (just like the US or France or Germany).

    Moreover, the political leaning of most of their governments was not socialism but social-democracy.

    Please stop spewing lies.

    --
    Catalin Braescu
    Ofaly.com
  386. Re: Everyone knew the pump and dump was coming... by cbraescu1 · · Score: 1

    For what would I need more than 50,000 - 100,000 disposable income?

    This questions should be answered by the individual, not by the government. That's the fallacy of your silly argument.

    --
    Catalin Braescu
    Ofaly.com
  387. Capitalism has worked for thousand of years.... by Anonymous Coward · · Score: 1

    ...Communism, not once. People turn to leftist ideals like communism in a similar way to how drug addicts start:

    They think they'll get something nice (free stuff), however (always) *everyone* ends up poor, and you have the equality and freedom of people living in a prison.

    Life sometimes isn't fair, that's the nature of life. Taking philosophical cyanide - and forcing others to take it too - fixes nothing.

  388. coal kill 100K-1M people prematurely per year by aepervius · · Score: 1

    Plenty of study shows that coal kills prematurely 100K to 1M people worldwide. e.g. for EU https://phys.org/news/2016-07-... . And that's with today standard you can imagine what it was with 1930 standard. Capitalism killed far far many more people than communism by simply offloading externalities.

    --
    C. Sagan : A demon haunted world:
    http://www.amazon.com/gp/product/0345409469/
    visit randi.org
  389. Re: Everyone knew the pump and dump was coming... by cbraescu1 · · Score: 2

    In essence, any government that collects taxes already has a government-owned means of production.

    No, simply no. Your claim is beyond absurd, since "means of production" refer to any tangible way to generate a product or a service. The tax comes AFTER said product or service is being sold.

    The government produces tax income.

    The government COLLECTS tax income, it does not "produce" it.

    Your argument is a total fail.

    --
    Catalin Braescu
    Ofaly.com
  390. Re: Everyone knew the pump and dump was coming... by cbraescu1 · · Score: 1

    The "sweet spot" is about 30-40% socialism and 60-70% capitalism. That is enough for infrastructure and a social safety net, but not enough to stifle innovation and economic growth.

    And yet you still didn't receive the Nobel prize for economics. Strange, isn't it?

    --
    Catalin Braescu
    Ofaly.com
  391. Re:No, there are two ways he could obtain his insu by Anonymous Coward · · Score: 0

    I see a lot of conjecture in your posts and very little evidence. I'm a Christian and when I've personally taken it upon myself to help out a family at Christmas time, or something like that to my knowledge it has always been to help people not of my faith. People who on the surface appear to have a different sense of morality than I do. You may be right about some of those moron churches who feel like it is more important to be right (or think you are right) than to be kind, but good people exist inside of Christianity. Outside of it too. I think the overwhelming majority of people are good regardless of their faith or lack thereof. Good people will do good things if they have the opportunity.

    Some Christians might not choose to use their gifts/talents to help people trying to spread a message contrary to their own. That doesn't mean they wouldn't help those same people if they were just plain down and out. If you've been offended by somebody then I'm sorry about that. Christians are no better people than anybody else. The mean ones are worse than the people they deride. In fact, we're all part of it because we know we've done some stupid in the past and we're trying to be better people and come to grips with human potential presently.

  392. Re:No, there are two ways he could obtain his insu by Anonymous Coward · · Score: 0

    I meant to say that we've all done stupid shit in the past. Sometimes we still do.

  393. Every generation has had its challenges by Anonymous Coward · · Score: 0

    From the depression, world wars, etc - previous generations have paid their dues. Stop blaming the generation before you for your issues, shit happends every generation, just get on with fixing your own life.

    Please copy and paste this In 30 years.

  394. Go to prison, you'll get the communist ideal by Anonymous Coward · · Score: 0

    Equality, healthcare, other people paying for your stuff. You can have it now! The best thing is, you can choose/experience it in YOUR life now, without destroying societies wealth and happiness around you!

  395. Good thing Russians are positive by Anonymous Coward · · Score: 0

    The decline of the west marked with Genova bridge collapse?

  396. Pareto principle by Anonymous Coward · · Score: 0

    Money follows the Pareto principle, always has. Actually, excellence in any field follows the pareto principle.

    Welcome to life. You may not get what you want in life if you've chosen art-history degree (thus useless debt) and/or are lazy.

    Sometimes you can do everything right and still fail, that's not fatal, that's life. You just keep trying till you're moving into the pareto % you want in whatever field.

  397. My story by Anonymous Coward · · Score: 0

    I'm a developer based in the U.K. In 2012 I had a breakdown. I moved to a new job with a boss who was a crook and, at that point in my career, I wasn't equipped to deal with it (Nowadays I'd tell the bloke to get bent, report him to the tax authorities and trust in my portfolio, but my portfolio's a lot stronger now.) I got a new job straight away, but lost it after two weeks because, in the words of the H.R person: 'You are obviously not healthy enough to work. Go and get help.'. I spent the rest of that year on benefits, getting NHS treatment. After that, I got back to work.

    Rough cost to state of keeping me well/alive for a year:
    ~ £10,000
    Tax paid since I got back to work:
    £26588

    I paid in, I had the support I needed when I needed it, and it allowed me to become a productive taxpayer again. If the word 'socialism' scares you, just think of it as investment capitalism.

    1. Re:My story by Cederic · · Score: 1

      Did you miss a digit off the 'tax paid'? Just that a developer in London will pay that much tax in a single year, let alone five.

  398. Like a Game by proibido · · Score: 1

    Capitalism is like Monopoly(tm). Starts well for everyone and things get better during the way: buying properties, building houses, paying taxes BUT, in the end, only one can win and everybody else goes bankrupt. Right now, in capitalism, we passed half way of the game.

  399. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Of course they look at Denmark and similar countries with Envy, I do too. They are a wealthy country with rich petro deposits and a tiny population to share in that wealth and they are a DEMOCRATIC societies. I really enjoy visiting Denmark but only an idiot would think such a model easily translates to countries that don't have such favourable conditions like 95% of the rest of the planet.

  400. "I was a die-hard conservative at 20..." by gDLL · · Score: 1

    You might have just been "a die hard at 20", but not really a conservative.

  401. 1. Capitalism IS the free market ! by gDLL · · Score: 1

    2. And you are a communist. (which are worse than the national-sotzialists, btw)

  402. Re:thanks slashdot by Anonymous Coward · · Score: 0

    Being more precise in language: Marxism, with it's ban on private ownership of means of production isn't active anywhere in Europe. Europe is full of capitalist welfare states.

    Allowing the 1% to move the means of production overseas where slave labor is available is of course much better than public ownership. For a few anyway.

    Marxism is irretrievably broken. It had the 20th century to work. Killed more people than religion has, and religion had eons longer to do it.

    The idea was okay; the implementation was broken. Just as capitalism is today in the US, and the end result may be just as bad. The increases in productivity from automation have been staggering, and will continue until human labor has almost no value whatsoever. Call it whatever you want, but we need to be preparing a more equitable means of wealth distribution and social welfare, preferably before heads roll and society is plunged into chaos, and we suffer a different sort of redistribution.

    However, it is critical to recognize that wealth is not zero-sum. It is necessary to encourage abundant and affordable clean energy and policies supporting the creation of wealth, because wealth redistribution alone won't cut it, and existing sources are derived from dwindling fossil fuels. That means making nuclear cheap (again), not building out massively huge, expensive, unreliable, and inefficient stochastic energy capture systems.

    Personally, I like the idea of nuclear energy powered cooperatives, with a currency based on energy, not fiat. Nuclear energy allows truly distributed energy systems to be built, anywhere, without any resource conflicts, and with minimal environmental footprint. The 100% renewable fantasy is dependent upon interconnected continent-scale super-grids, each of which comprises a single extraordinarily complex and fragile system--which is ironically exactly the opposite of the distributed local generation ideal that greens advocate. The nuclear option makes use of loosely connected micro-grids; as in the grid infrastructure already in place, only it could even be simplified further over time.

  403. Capitalism is implicitly negative by loufoque · · Score: 1

    Maybe if they didn't ask things with inappropriate terminology they'd get better answers.

    Capitalism is seen as bad everywhere in the world (I'm surprised 45% of the US actually likes it) because of its association with capital accumulation and the classification of people as either wealthy capital owners or poor wage slaves.

    Call it free market economy, and suddenly everyone likes it.

  404. Re:thanks slashdot by Anonymous Coward · · Score: 0

    Your definitions are pretty much all wrong.

    Communism is minimally defined as: A classless, stateless and moneyless society where "From each according to his ability, to each according to his needs" governs distribution of goods and services. By definition you cannot have a communist state. The soviet union didn't claim to be a communist nation. "Union of Soviet Socialist Republics" merely socialist.

    Capitalism: A system based on: wage labour, private ownership or control of the means of production (things like factories, machinery, farms, and offices), and production for exchange and profit. As you must know plenty (all?) dictators run a capitalism economy.

    Socialism: Social ownership and workers' self-management of the means of production. You can have money, states wages etc but no economic dictators and no private ownership of fields and factories.

    Social Democracy: Originally a means of reaching socialism via capitalism and democratic institutions. Today I don't thingkthere are any Socialist Social Democrats in power anywhere. They are all pro capitalist parties with no intent att abolishing private ownership of the means of production. They do however tend to want to regulate capitalism.

  405. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Here is the news for you both dumb f#cks - USSR was not a communist, but socialist country. Socialism is in the name of USSR. Read it you illiterate dumb f#cks. There was no communism in USSR, because... it was yet to be built. Utopia, that was just behind mountains.

  406. Utopia! by Anonymous Coward · · Score: 0

    Venezuela, here we come!

  407. Re: Everyone knew the pump and dump was coming... by bigtreeman · · Score: 2

    You're one of the youngsters.
    Look up Keynesian, nothing to do with what is happening in this greedy self indulgent world.
    Keynesian type economics helped take Australia through the 2008 GFC quite successfully.
    They're in for a harsh lesson of how the oligarchs shut down socialism.
    I'm over 60 and left of Gandhi

    --
    Go well
  408. Not really a shock by Anonymous Coward · · Score: 0

    As they get older and are forced to pay ever increasing amounts of tax to support a socialist ponzi scheme, their views will change. Enough of them will see the error of their childish snowflake viewpoint, and life will carry on.

  409. Re: thanks slashdot by Anonymous Coward · · Score: 0

    Came here to reply to this. I hate this logic.

    There isnâ(TM)t a type of capitalism that is different; itâ(TM)s just capitalism. Everyone deals freely with each other.

    Marxism is Marxism is socialism is communism. 100 million dead last century speaks volumes unless you like people to die of starvation etc on massive scales. If so be honest and help us understand why. Pls.

  410. Re: Everyone knew the pump and dump was coming... by dcw3 · · Score: 1

    In your version of history did you fail to include all the people that died due to capitalism as well? Also what is your definition of socialism?

    Vs. how many have died due to socialism?...care to lay odds on which has been more deadly?

    Also, no need to troll a question on the definition of socialism...how many are there really...is yours different from what you'd find with a google query?

    --
    Just another day in Paradise
  411. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Direct ownership is minimalistic definition of socialism and not really necessary requirement for socialism. Scandinavian countries are socialistic by providing social equality through high taxes.

    I've always thought about US as the place of chance and opportunities for bold with a chance of failure. Socialism is taking away that kind of risk. Also, it makes no sense for US to be top dog, if it is social.

  412. I've never even seen a homeless kid by Anonymous Coward · · Score: 0

    Gay youth make up something like 40% of the homeless children.

    Actually, estimates are 20 to 40 percent. Probably difficult to get them to answer surveys, on account of the being homeless thing.

    We only get the adult-type bums in my neck of the woods, and they certainly don't seem to be friends of Mary.

  413. Re: Everyone knew the pump and dump was coming... by dcw3 · · Score: 2

    Wish I had mod points for you. I'd only like to add that in my opinion, where we've failed to properly deal with the bad part of capitalism is in monopolistic behaviors. Since the break up of AT&T, we haven't busted up monopolies or seriously (except for the failed MS lawsuit) limited companies from dominating markets, nor colluding (pharma...I'm looking at you) screw over the general population and prevent competition.

    --
    Just another day in Paradise
  414. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 1

    Since when is draining the swamp comparible to deregulation. What does regulation have to do with crony corruption? And how the fuck is trumps deregulation of things like clean air a good thing? Have you been smoking tailpipes again?

  415. because the USA isn't capitalist by Anonymous Coward · · Score: 0

    and hasn't been for most of it's history, it is cronyist/crony capitalism which may look like capitalism in some ways but really ends up losing most of the supposed benefits of capitalism

    looked at another way, the USA is already socialist, it's just a type of socialism geared at protecting those that already have wealth and power

  416. With a small loan of a million dollars by Powercntrl · · Score: 1

    I could launch and promote my Kickstarter campaign for my solar-powered, blockchain enabled, 3D printed drone. I'm sure it would be a hit.

    --

    ---
    DRM is like antifreeze, to the MPAA/RIAA it's sweet, to the consumers it's poison.
  417. Re: Everyone knew the pump and dump was coming... by dcw3 · · Score: 2

    .....or maybe there's a generation of people who don't blindly accept what they're told and question things, apply logic/reason, and think objectively

    Neither is accurate. What you're seeing is a pendulum swing, and a result of a generation growing up under the great depression, and being hit with oppressive college debt, no wage growth, no pensions, and looking at socialism as the potential answer.

    I'd argue that capitalism isn't a failure, but we've failed to deal with it's down side(s) properly. We need to prevent monopolistic behavior (pharma, major ISPs, Amazon, etc.) because without actual competition, you have no improvement, and society takes it up the ass.

    I'm a capitalist, but I differ with many of them who believe that businesses "are people too". That line of thinking that allows corporations to dominate the government agenda needs to be corrected.

    --
    Just another day in Paradise
  418. Re:Everyone knew the pump and dump was coming... by Torvac · · Score: 1

    maybe in the past a lot of people died to socialism (lot of other factores played a huge role), but you dont have to be a genius to figure out that with capitalism like this everyone will die, humans on this planet wont survive.

  419. Re: Everyone knew the pump and dump was coming... by angel'o'sphere · · Score: 1

    Avoid Paris then, surprisingly that is the only place in the world where I found bed bugs.

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  420. Re:thanks slashdot by Anonymous Coward · · Score: 0

    In the US, the people themselves have less power than ever

    On the contrary: they just elected Trump despite the establishment, most of the media and most of the campaign spending telling them to elect Clinton. Whatever you think of the candidates, that's a clear example of the power in a democracy being held by the people, rather than by the elite.

  421. Re:Everyone knew the pump and dump was coming... by dcw3 · · Score: 1

    Unfortunately, our implementation has been twisted by monopolies and lobbyists. We can't fix it by throwing out the baby with the bathwater. Capitalism doesn't work w/o competition, and you don't get competition in a monopoly (or local monopoly...sorry cable companies). You don't get competition when you allow collusion to fix prices...airlines. You don't get competition when there's no cost transparency...hospitals. And you don't get competition when you allow companies to be "people too", twisting the meaning and value of the word to unduly influence the government for their own greed. Greed isn't always bad...greed at the expense of others is evil.

    --
    Just another day in Paradise
  422. Re: Everyone knew the pump and dump was coming.. by teg · · Score: 1

    Do you think people are not dying in Communist China for the same reasons?

    China is not communist. They were earlier when Mao led the country, but these days it's more of a dictatorship (communist in name only) with state owned enterprises and private enterprise both operating in a capitalistic economy.

  423. Re: Everyone knew the pump and dump was coming... by phantomfive · · Score: 1

    Good to know. I just moved out of a room in Japan because I have bedbug bites all over my arms and leg. They avoided the other leg, apparently.

    --
    "First they came for the slanderers and i said nothing."
  424. Re:thanks slashdot by Anonymous Coward · · Score: 0

    "it's not an argument against Democratic socialism"

    When you put the word "democratic" before some flavor of government it doesn't in any way add to or subtract from the qualities of that flavor of government. As you would know, "democratic" indicates the process by which the government is elected.

    Socialism is fucked. Socialism is a fantasy government that has never been implementable. Every time someone tries it they end up with a dystopia. Then some fucktard says "that's not socialism". Yes it is/was. That's what happens when you try to implement unworkable fantasy plans.

  425. Re: Everyone knew the pump and dump was coming... by Crashmarik · · Score: 0

    Oh man you are a dim one. You can't have corruption without laws and regulation to corrupt and what do you think powers the swamp ?

  426. Re: Everyone knew the pump and dump was coming... by ameoba · · Score: 1

    Feels more to me like left-wingers are trying to paint socialism and social democrats with the same brush in order to drag up Cold War prejudice to demonize them.

    At the same time, centrist corporate Dems would love to claim that it's socialism and erase actual leftists.

    --
    my sig's at the bottom of the page.
  427. well the jail / prison can cover that at 30k-50K+ by Joe_Dragon · · Score: 1

    well the jail / prison can cover that at 30k-50K+ year per inmate. OR you can just use the ER to get your insulin and you don't have to pay and they can't cut you as well.

  428. America's rich hide behind a phoney debate. by Anonymous Coward · · Score: 0

    Americans have this liberal vs conservative outlook, which as an Australian seems to be the same thing economically. Liberals believe the market (and me) should be free from govt intervention, and conservatives believe govt shouldn't interfere. America's rich have constructed this tricky social dialog (about morals) that prevent discussion about the fair distribution of wealth. Both ideologies assume a free-market solution to distribution where those with wealth morally deserve it, and those without wealth deserve poverty because they don't work hard or smart enough.

    America is built on the lie that it is the land of opportunity and if you work hard no one will stop you getting ahead. This may have been true in frontier times when land and resources were unlimited, but now everything is owned and protected, and the rich dictate what you'll get in return for a days labour. In America I met so many hardworking people who blamed themselves for their poverty, yet were so thankful for their terrible opportunities.

    And American's base much of their economic debate upon ideology or abstract theory. But there are plenty of real-world examples of social democracies that have a lower GDP than America yet have happier, healthier populations. And social democracies dominate the top economies by GDP and aren't going backward. I've travelled through 50+ countries and America has shocked me most with its grotesque poverty and inequality.

  429. Re:Perspective is required by Anonymous Coward · · Score: 0

    This is mostly because these countries is rather homogeneous, no diversity at all. Not any true American wants.

  430. Over 1100 posts by Anonymous Coward · · Score: 0

    and only 3 marked "Funny". What's wrong with you people?

  431. FALSE by gDLL · · Score: 1

    "-- but the other side of the coin is that many more have fallen deeper into poverty and debt, stuck in a cycle that is nearly impossible to break without help from others."
    this is False.
    Proof? My entire country since we abandoned multilateral socialism. Nobody is worse than before. QED.

  432. we know... by gDLL · · Score: 1

    We know, and it's tragic.

  433. Re: Everyone knew the pump and dump was coming... by kilfarsnar · · Score: 1

    Who died as a result of capitalism in and of itself? Sure, some starve when they can't afford food, but that wasn't introduced by capitalism, and when compared against parallel socialist economies, the socialists starved the most.

    Many people died in mills and factories during the industrial revolution. People worked long days and weeks, under unsafe working conditions. This is just the first thing I found from a Google search, but it provides an outline: https://www.historyonthenet.co...

    We take things like weekends and vacations, and workers compensation, and safety regulations for granted these days. But they were actually fought for by people who had to do the work under the Capitalist system. It was not always this way, and the exploitation of workers by business owners is fairly well documented. Capitalism can be great, but the greed and power of owners must be dealt with, or abuses happen.

    --
    "What the American public doesn't know is what makes them the American public." -Ray Zalinsky (Tommy Boy)
  434. you mean politicians.... by gDLL · · Score: 1

    By "capitalists" you mean politicians. The free market doesn't guarantee you solid politicians son. That's up to the Volk to elect.

  435. Jordan Peterson called it by Anonymous Coward · · Score: 0

    And it's all the fault of the white male patriarchy. Oh, wait, the bourgeoise. No, wait, the intellectual classes, No, no, it's the Jews and their Zionist Conspiracy.

    Yeah, I Godwined myself, but we've seen this song play out before. I remember it from the 1960's when it was "The Man", and when local Communist parties were actually a thing on many college campuses. It was amazing how none of their members actually worked for a living.

  436. Re: Everyone knew the pump and dump was coming... by thegarbz · · Score: 1

    To be able to escape economy class airlines.....

    Why waste the money on a couple of hours of an only slightly less shitty experience? Personally I can afford intercontinental business / first class travel. But generally I spend money on something more productive like using $100 bills to light expensive cigars.

    Okay, no I don't but the point is being made. Having flown first class intercontinental a few times it's still an miserable shithouse experience and I'd much rather just buy a nice watch or check into a michelin star restaurant when I get to my destination.

  437. Re:thanks slashdot by Oswald+McWeany · · Score: 1

    Your close, not quite there. Way left is the Communists. Then the Fascists, then the Socialists. Then you have various levels that aren't quite socialist, middle ground, then you're on the right. Ironically Communists, Fascist and Socialists hate each other. All three kill lots of people and destroy culture, societies, good stuff. All in the name of so called equality. Here's a good place to read the diffs http://aynrandlexicon.com/lexi...

    Fact is, being an American right now puts you in the top 1% of the world. Just think about that a minute. 99% of the world is worse off? You betcha. Yet people bitch, moan and complain about everything. America has so many first world problems.

    In America if we got rid of the socialist parts, it would be a whole lot better. OMG, a whole lot less BS.

    Fascists and Communists are at opposite ends of the spectrum. They're both authoritarian but- Fascism is the far right and Communism is the far left.

    --
    "That's the way to do it" - Punch
  438. Wrong... by gDLL · · Score: 1

    You can't have socialism without MAO. You can't raise huge taxes without strongarming. And if you believe the allmighty state will restrain itself to only 1-2 fields of activity.....

  439. Re: Everyone knew the pump and dump was coming... by TheCastro1689 · · Score: 1

    But the natives are treated like shit. Also it's 77.7% white and the other 22% being half Asian.

  440. Misrepresenting by gDLL · · Score: 1

    "TL;DR; You're misrepresenting socialism, either intentionally or by mistake. Please stop it."
    You stop misrepresenting it first :)

  441. For what would I need more than 50,000 - 100,000.. by gDLL · · Score: 1

    Exactly, leftists have a severe lack of investitional imagination.
    Else they would have some bucks too.

  442. Capitalism by c++horde · · Score: 1

    Capitalism works when Government doesn't create or enforce monopolies. We need to end the patent system and bust up companies like Google. Companies can be too large. This is what drives people to socialism, they have no other choice. Socialism is as awful as it gets. No where does it work. "Oh but it does in the Scandinavian Countries. " No, it doesn't. Have you been there lately? Try getting a flu shot. LMAO.

  443. Re: Everyone knew the pump and dump was coming... by mjwx · · Score: 1

    For instance, Sweden, Norway, and Finland are definitely socialist countries.

    Norway's Statoil is an example of socialism, but that is a special situation of a massive public resource owned by a small population. Very few other countries have that benefit.

    Actually Statoil is more of an example of corporatisation. The state owns it, but the entity runs itself appointing it's own management and running it's own affairs. The government is effectively the shareholder and only has the power to elect and sack the board like a private corporation (and collects the dividends). In fact the Norwegian government only owns 67% of Equinor (formerly Statoil) so it's no more socialist than Singapore's Tamasek holding company (which is about as socialist as Ayn Rand). Tamasek and Equinor are good examples of government owned corporations.

    Venuseula's attempt at nationalising the oil industry is an example of what a socialised industry is (and why it's a bad idea). When people get appointed due to political favour you end up with clowns running a circus. Not that this is a trait exclusive to Socialist despots, there are plenty of examples in any despotic government.

    --
    Calling someone a "hater" only means you can not rationally rebut their argument.
  444. Re:No, there are two ways he could obtain his insu by Anonymous Coward · · Score: 0

    I can guarantee you that most of the Christian charities would ask them to "renounce their wicked ways" before helping them.

    Source please, because I think I can count on one hand the number of christian charities I've encountered that require you to be christian before they'll help you. In fact off hand, the only ones I can think of are those weird pseudo-medical insurance groups that sprung up after the ACA was passed. OTOH, most of the ones I encounter are like Habitat for Humanity, which provide regardless.

  445. Re:Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Capitalism assumes no trust

    If that were true, why doesn't the U.S. government switch their computers to open source software and operating systems? Capitalism assumes no trust, unless it's on a computer.

  446. single-party dictatorships that called themselves by gDLL · · Score: 1

    So it's just a coincidence that 30 singlerule parties called themselves socialist....
    How many totalitarian parties have called themselves capitalists ??? Yeah i thought so...

  447. Utter failure of education. by sproketboy · · Score: 1

    Drop them off in North Korea for a while so they learn a lesson.

  448. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Welfare actually traps people. They'll take it away as soon as you become so much as an Uber driver, so it's easier to just stay on it.

  449. regurgitation by cascadingstylesheet · · Score: 1

    Same as saying "children regurgitate what they are taught".

    What's funny is they now get most of their anti-"capitalist" messages via giant corps (Google, Facebook, etc.)

  450. Re: Everyone knew the pump and dump was coming... by Ol+Olsoc · · Score: 1

    "It's not real Capitalism."

    Where have we heard that one before?

    Everywhere. That's because real capitalism cannot exist for very long. Capitalism needs brakes to keep it from destroying itself. But capitalsim considers any form of braking to not be capitalism.

    So you have a choice, Capitalism being destroyed by the most successful and greedy taking over and killing it, or any form of regulation to keep the most successful and greedy from taking over and killing it.

    Me? I don't mind the idea of capitalism tempered with enough controls to keep it from self destruction.

    --
    The shepherds did so well protecting the flock that the sheep no longer believed that wolves existed.
  451. Re:Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    it wasn't just the leader that caused the killing, it was also all those who had supported the movement. In theory socialism sounds great, but in all cases that have been tried in the past, it results in 2 classes of people, the desperately poor and the ruling class.
    In a lot of these cases it was the Idea of taking wealth from the rich and redistributing it through the government that had lead to a lot of this. One mans description of rich may be what another considers to be just barely scraping by. If I come through and take what is theirs and burn their home so that they have as little as I, does that really solve the problem?
    I agree that forced collectivism is not the answer.
    The other side of this too is that the larger the scope and more people you talk about, the harder it is to find a solution that really works well. Socialism may work for some, and I think those who think it would work, should be free to seek out a community where it is practiced. Though capitalism is less forgiving, I do think that it can also be more rewarding, assuming you are willing to think creatively. My experience with capitalism is to do well, you can't really think so much of yourself, but of what you can give, and how to give on a broader scale. The broader the scale the better you will do.

  452. It's The Corporations by rocker_wannabe · · Score: 1

    I believe what people really resent are the "chartered for greed" corporations. Everything they do is to maximize profit which warps even the things they do that "appear" to be from a good motivation. They try and make their company more appealing by donating to charity, claiming some more environmentally friendly product, or enhancing workplace benefits but that generally doesn't make things great for the employees in the long run. That drive for money taints everything the company does and makes it a "soul crushing" environment. No one, not even the CEO, really feels ownership of the company because the charter removes the possibility of "humanizing" the company's decisions.

    The government is the only real protection from getting ground-up and spit-out by corporations. Also, as a previous post pointed out, if becomes very expensive to just ignore the problem of people that are unable to work for whatever reason. We would go broke trying to put everyone in prison that was forced to steal because they couldn't work and had no other source of income. No one is more dangerous than someone with nothing to lose. This is why capitalism vs socialism is a ridiculous argument. We need both of them.

    --
    "Meaningless!, Meaningless!" says the Teacher. "Utterly meaningless!"
  453. Livable cities by fluffernutter · · Score: 1

    For anyone still here, Google on the Economists' magazine recent ranking of 'livable' cities in the world. Canada has three of the top 10. Says something for socialized democracy.

    --
    Laws are rules for the court, but merely a bottom bar to hit for life. Think beyond laws in your actions always.
  454. Re: Everyone knew the pump and dump was coming... by MightyYar · · Score: 1

    This is one of the arguments for a guaranteed minimum income. I would like to see such a thing trialed (and trialed for real, not like in Finland) in a first-world country, just to see if it holds up to any of the claims its proponents make.

    --
    W..w..W - Willy Waterloo washes Warren Wiggins who is washing Waldo Woo.
  455. Re: Everyone knew the pump and dump was coming... by JimSadler · · Score: 1

    Capitalism is a mess. It must be rolled back as we are entering an automated era in which humans will rarely have jobs. Picture a system that works like this : Every Friday you get two checks. One is for $800 for you and your family to spend. Then you get another check for $1,000 which you must invest within 24 hours. Those that make good choices on the $1,000 in stocks that they were required to buy will live higher than those that make lousy choices. That gives us a social pecking order which seems to be vital in the human mind. Taxes will be paid by the businesses as well as by taxing income from those $1,000 per week investments. The simple truth is that we have zero choice in this due to our competition with other nations. If they can produce cheaper by using more automation then we will all live in poverty. Increasing the abilities of automation in the US is now a matter of national survival. And it also offers a proof. That proof is that the form of socialism that I have described is fit to survive and that capitalism is no longer fit to survive. And by the way if capitalism is defined as a free market then it has always been nonsense. No market has ever been free of laws, rules and taxes and never will be. One can not be partially socialist just like my sister can not be partially pregnant. A free market is an absolute. The market can not be partially free and all markets are regulated. Even in very primitive tribes the guy with the strongest arm enforces what he thinks trade should be like. It is astounding how the public can be led around by the nose with beliefs that are total nonsense.

  456. This shows a lack of education by mysidia · · Score: 1

    Capitalistic systems and free enterprise have been the most successful systems and are responsible for America being such a prosperous country, and "not being positive about capitalism", basically suggests these people are largely ignorant about Economics, Economic history, and Philosophy.

    People in the US don't seem to recognize their own privilege --- the poorest of those in the US are better off than the average person in countries that have had other systems.

    Every attempt to "centrally plan" an economy ever have resulted in total disaster;
    some other systems that have been proven not to work are Socialism and Communism --- look at Venezuela for examples.

    Look how China has risen from the ashes after it changed to a more capitalistic system with free-er markets than it had before.

  457. So What by LifesABeach · · Score: 1

    If we are going to think devisive, letâ(TM)s go; what percentage of humans do not wash after using windows?

  458. Re:No, there are two ways he could obtain his insu by Anonymous Coward · · Score: 0

    Charities don't give the money out equitably. For the most part they have an agenda and you either have to meet a criteria or do something for the charity. What happens to the people who don't meet the criteria or are incapable of what is asked? Gay youth make up something like 40% of the homeless children. I can guarantee you that most of the Christian charities would ask them to "renounce their wicked ways" before helping them. Since being gay isn't a choice, that would be a little difficult for the kids to do.

    FYI, the people you are arguing with see this as a feature not a bug.

  459. Re: Everyone knew the pump and dump was coming... by tbannist · · Score: 1

    If you get people off welfare and they become self sufficient, those programs go away. You have no heart. Think of the bureaucrats and their empires?

    That's another reason why some people favour a UBI. Everybody gets it, so it never has to grow or try to shrink. Mind you, quite a few bureaucrats will lose their empires when it's introduced, but I think that's a sacrifice we would all gladly make for our country...

    --
    Fanatically anti-fanatical
  460. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Farmers markrts are closer to the definition of socialism (workers controlling the means of production) than capitalism (a capital class paying a labor class to work their physical capital).

    Soviet style central planning isn't socialism, either. It was just an authoritarian command economy.

    I am never surprised any more when people supporting either capitalism or socialism don't know what they actually are. A free market isn't capitalism. A centrally-planned economy isn't socialism.

    Fucking read a book.

  461. Re:No, there are two ways he could obtain his insu by Anonymous Coward · · Score: 0

    I totally agree that we shouldn't trust to private charities to provide for basic needs of our fellow humans, but for what it's worth many religious charities do put the charity side first and the religion a distant second.

    I've worked in the charity sector and there are lots of awesome charities out there both secular and and religious, and lots and lots of charities whose primary beneficiaries are the people who run them. Most charities end up spending a huge chunk of donations on soliciting new donations, which is obviously very inefficient but necessary for that charity to survive. The costs of governments administering and distributing taxes are much lower, so ironically the most efficient (in terms of good done for money received) charities I've worked at got a significant part of their funding from taxes. The other option for "efficient" charities is endowments and large donors, which often come with strings attached.

  462. Re:No, there are two ways he could obtain his insu by Anonymous Coward · · Score: 0

    I've worked at several charities, volunteered at a few more. I can't think of anyone who tried to access our services who was "lazy". I can think of several board members getting fat of self-approved expenses claims who who would fit that categorisation though.

  463. Re:Everyone knew the pump and dump was coming... by Opportunist · · Score: 1

    The system we're suffering under has about as much to do with Capitalism as the Soviet Union had to do with Socialism. Yeah, it's called that, but just calling shit butter and showing that it spreads well on bread doesn't change its taste.

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  464. Re: Everyone knew the pump and dump was coming... by Opportunist · · Score: 1

    The right laws? Curiously the ones that don't get eliminated...

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  465. Capitalism is great by OrangeTide · · Score: 1

    When it works for the benefit of the middle class.

    When capitalism is used to prop up a ruling elite, then we stop liking it.

    Capitalism is a tool, you can use it for the benefit of all, or you can destroy your nation with it.

    --
    “Common sense is not so common.” — Voltaire
  466. Re:No, there are two ways he could obtain his insu by Anonymous Coward · · Score: 0

    " there would immediately be people taking advantage of both sides of the system."

    Isnt that politics already? Full blown charity isnt the answer, but if your counter argument for why its not a good idea, is that there is less regulation. Then why support the US gov taking over. Already 20 trillion in debt, at least if its privatized, when bad things came up they would face the wrath of social media. The government on the hand, its untouchable, and by all accounts uncontrollable.

    Also, I for one have no issue paying taxes, its just not enough. And, there is conditions on any system to act like there isnt...well then Id gather you are not seeing the big picture.

  467. Move to Amend by OrangeTide · · Score: 1

    We could overturn the Citizen's United ruling with new legislation that ends corporate personhood.

    Doing so would not end capitalism, it would not make us socialism, it would bring about healthier business and healthier government.

    --
    “Common sense is not so common.” — Voltaire
    1. Re:Move to Amend by rocker_wannabe · · Score: 1

      We could overturn the Citizen's United ruling with new legislation that ends corporate personhood.

      Doing so would not end capitalism, it would not make us socialism, it would bring about healthier business and healthier government.

      Unfortunately, I don't believe there is any way to "fix" for-profit corporations because of their charter. The only option is to remove for-profit corporations as a business entity and only leave non-profit corporations. There shouldn't be a need for the protections a corporation offers if the company isn't doing anything illegal.

      --
      "Meaningless!, Meaningless!" says the Teacher. "Utterly meaningless!"
    2. Re:Move to Amend by Anonymous Coward · · Score: 0

      Making a profit is one thing, being permitted to steering the entire government to that end is another.

  468. Re: Everyone knew the pump and dump was coming... by Rhipf · · Score: 1

    You do realize that murder wouldn't be a crime either if there weren't laws and regulations against it? I assume you don't want murder deregulated. Anyone can cut regulations at a record pace when they don't care what the consequence of those deregulations are (or worse are cutting them to deliberately allow the corruption to become lawful).

    I know, I know, it is silly of me to equate corruption with murder right.

  469. Lets see ... by Anonymous Coward · · Score: 0

    Capitalism is dropping and Socialism is holding steady. Fascism must be gaining.

  470. Re: Everyone knew the pump and dump was coming... by phantomfive · · Score: 1

    Who's talking about first class? I want a private jet. Preferably a big one. With a hot tub. Stop complaining, you prole.

    --
    "First they came for the slanderers and i said nothing."
  471. When you don't know what capitalism is... by Anonymous Coward · · Score: 0

    Few people actually know what capitalism is. And what the United States has right now ain't it. Not even close. It's cronyism, it's rampant socialism/fascism (yes we have both, specifically the fascism is ever present when you see private companies profiting off public dollars such as the prison system, defense contractors, and student loan banks to name just a few).

    The problem is the public school systems don't properly attribute these items. Public schools are socialist in their very nature and implementation, so why would they ever speak badly of socialism?

    All the problems with the economy can be traced directly back to poor government policies. True capitalism is unfettered voluntary trade, and that's never a bad thing. The only thing that ruins capitalism is government.

  472. Re: Everyone knew the pump and dump was coming... by Opportunist · · Score: 1

    Dude, I live over here in "socialist" Europe where we have all the perks you're talking about and more. And even I, as someone who earns quite a bit of money, don't pay 30% in taxes.

    In other words, if you pay 30% tax and do NOT get that in return... well, everyone has the government they deserve.

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  473. More of your loser America talk by Anonymous Coward · · Score: 0

    It strikes me a blindingly STUPID, to just give up on, and throw out the whole driving and sustaining force that made the US the great country and world superpower it is.

    Nevertheless, the country voted. Trump is president. Deal with it, loser. You pro-America crybabies need to grow up and accept that our voters outnumber you.

    They don't realize that at some point with socialism, you DO run out of other peoples' money to spend.

    No, we'll never run out of other people's money. People see our new tariffs as a drain on the economy, but you forget that it also feeds into the public coffers. Don't misunderestimate what Trump's new, higher tax rates can do. We can live off these revenues at least until 2024. And that's pretty much as long as the country's remaining resources need to last. He's a great man, but not immortal. It tooks hundreds of years to develop America to be able to fulfill its purpose and soon America will discharge its fated duty. We only need this country to live a few more years, and then, finally, its fire can shine on and illustrate his magnificence. He has the button, he has the will, and we will support him to the glorious end.

  474. Re: Everyone knew the pump and dump was coming... by Opportunist · · Score: 1

    I'd like to know what the favorable conditions are for Austria, Belgium, Finland, Germany, Luxemburg, Sweden or Switzerland?

    --
    We used to have a Bill of Rights. Now, with the rights gone, all we have left is the bill.
  475. First video in the article... Blame someone else! by GregMmm · · Score: 1

    Did anyone read the article? It was interesting till I watched the 3 videos. Wow what a difference in perspective.

    First video, and author talked about her book "Squeezed". All she talked about was how it's not young peoples fault they're having financial issues. Ya, just what people need. Another person pointing the finger at why people can't succeed. Which takes me to the second video.

    Some how this guy was able to not get squeezed and figured a way to make it. Wow, if what didn't work the first time didn't work try something else? What a concept. So I guess it is possible.

    Third video just makes sense. Buying a house. Helps build equity. Not an investment, but builds equity. Use a 15 years loan, and gee pack your own lunch instead of eating out all the time. This sounds like the polar opposite of the lady in the first video.

    Really shows what a different perspective can give. Who do you want to be?

  476. Not all or nothing by Tablizer · · Score: 1

    with socialism, you DO run out of other peoples' money to spend.

    We are not getting it anyhow; it's bottle-necking at the top.

    Northern European nations, and even Canada and Japan, seem to have a more stable and robust middle class. They are not "pure" socialism, but rather a more even mix of capitalism and socialism. Canada's mortgage regulations make it harder to get a home, but in exchange they largely avoided the mortgage meltdown because there were fewer "leveraged" loans floating around.

    Purer capitalism hasn't been working so well of late for regular folks. Bubbles and inequality are still unsolved. I'm just the messenger. If proponents of the purer form don't fix it, people will look around for other systems that are working better. Observation 101.

    It appears being on either extreme of the spectrum is a recipe for problems. "Goldilocks" economies are in.

  477. While you were chasing "nazis"... by mi · · Score: 1

    While the society was distracted by the talk of imaginary "nazis", Communists — adherents of the far deadlier, indeed the deadliest, school of thought known to humanity — have crept in on us, and are even fielding national politicians already...

    --
    In Soviet Washington the swamp drains you.
  478. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    They can get anything they want from any other country, China, Brazil, etc?

  479. The alternatives... by Anonymous Coward · · Score: 0

    Has that "fewer than half" of young Americans actually spent any amount of time experiencing any of the alternatives to capitalism, or is this simply a case of the grass being greener elsewhere...?

  480. Seeing the world through a soda straw by RogueWarrior65 · · Score: 1

    Young Americans' frame of reference is eight years of Obamanomics. They believe that that's what capitalism looks like. It's not.

  481. Capitalism and Socialism are not the only choices by cjonslashdot · · Score: 1

    Also, the size of the state is an important consideration. What works for a small European country will not necessarily work for the US, which is a hugely heterogeneous country that is better compared to the European Union than an individual European country. Further, there are models other than capitalism and socialism, e.g., a free market that avoids capital by using a different form of investment, whereby co-ops partner to do larger things. In a co-op, everyone is an owner - there is no separation between the owner and the worker. That can be achieved through a legal construct that replaces the corporation construct.

  482. And you misunderstand the fundamental goal of a... by Anonymous Coward · · Score: 0

    properly implemented socialist system:

    The people collectively own and run the business.

    There are plenty of 'socialist' cooperative businesses in the world, even right now. Many of them are successful with only a few levels of income disparity between the executives and the bottom rung personnel. Most of them ensure there is a path to advancement for anyone who stays with the company long term.

    Modern capitalist companies, with a short list of exceptions, have ignored this concept and that is what is driving capitalist ideals into the ground. Not altogether different from oligarchic communism turning off huge numbers of eastern bloc people to communism/socialism and convincing them to move to Capitalist Europe/America 20 to 60 years ago.

    Neither system has worked as advertised and both have failed the common people. The rest is just dogma of your slanted and ideological side.

  483. LOL by Anonymous Coward · · Score: 0

    yet every single one of them benefits from it.

    Funny how that works.

    Wonder what their little socialistic heads think about paying for all their socialistic concepts.

  484. Socially Responsible Capitalism (Socialism) by Fluffymuffin+Cocobut · · Score: 1

    We used to have a much more socially responsible form of capitalism in America - the top tax rate of 91.5% insured that income disparity was closer to 30x than the current 350x. The tax base supported nearly free public higher education. There was funding for infrastructure projects (which almost exclusively benefit the wealthy - roads to get their workers to them and their consumers to them vs. a road you take to/from work - should you be paying the same?) Industries that could be converted to wartime manufacturing were protected sensibly (auto industry steel work, manufacturing, agriculture, etc.)... the boomers and generations after them saw what was built and decided to monetize it into the ground. They began demonizing "Socialism" (progressive-ism, etc.) without naming their own philosophy: Elitism (or Greed-ism). The goal of Greed-ism is to systematically shut down any part of government that benefits society as a whole; slash the wealthy's contribution to common good (taxes, regulations) while taking full advantage of the current generation of educated public - use the infrastructure built up over decades for short-term profit while letting that infrastructure crumble due to lack of funds. Steer any remaining government welfare towards agribusiness vs. family farms, dedicated military-industrial vs. general manufacturing. Gut social protections for the bottom 90% (union busting, social safety nets, nearly free state higher education, etc.). Private schools. Private prisons. Legislate massive protections against lawsuits aimed at the rich; virtually eliminate those same protections for the bottom 90% (IE: you cannot get rid of your student loans by declaring bankruptcy; most situations in which you could try and recoup justice through civil suits are now steered into arbitration, etc.). Elitism is what Bernie Sanders should be talking about - compare and contrast *that* against his Socially Responsible Capitalism policy suggestions. Promote a government and policies that protet the common good against the Greedy Elite - recognizing that they have the resources to protect themselves and require a strong check/balance in a progressive government. Government did a much better job in Eisenhower's time than it does in ours (with obvious black marks in minority/womens/LGBT rights).

    --
    imagine a soft, buttery paw gently pressing down onto a sleeping soldier's face. forever.
  485. Do the surveyed folks know what capitalism is? by larryjoe · · Score: 1

    The Gallup survey simply asks for an up-down view on the word capitalism. A necessary and much more informative question would have probed what the viewed denotation and connotations of that word are in the minds of the surveyed people. My guess is that most young adults (and even old adults) do not know what capitalism is. However, they know what the US system is "capitalism". Thus, the question is likely mostly useless as a comment on the virtues of theoretical capitalism. Rather, the question effectively asks for a comment on the respondent's view of the current US economy, and it is wholly unsurprising that many young people who are struggling financially would have a negative view of a term that describes the economic system that currently afflicts them.

  486. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    You're a moron, name a single self described socialist country where the govt owns all production.

  487. Commerve and Free Enterprise != Capitolism by BrendaEM · · Score: 1

    People have made, bought, sold, and consume things for money long before capitalism.

    Capitalism is ONLY the idea that if you have money you can invest it, so you don't have to work.

    The problem is: some people were born into money; some people weren't.

    --
    https://www.youtube.com/c/BrendaEM
  488. Re: Everyone knew the pump and dump was coming by Anonymous Coward · · Score: 0

    Straw man and what about Ism at its finest folks.

    That wasn't the question. The question was how has captialism killed people. And he was answering that question. Do try to keep up and learn to read before you discuss things with grown ups.

    But but but what about....

  489. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Yea those shitty unions everyone on slashdot bitches about. They actually stood tall and helped usher in better working conditions.

    And what thanks do they get? They get called the mob. My dad was IBEW for over 30 years, and whenever he needed help from the union they had his back. Labor dispute- the union helped, hurt on the job- the union was there from start to finish. Unsafe work conditions-union stepped in and made things right. Disputes between management and workers or workers vs workers-the union took care of it. When my dad retired the union had HR sit down with him and plan out his retirement. Did the company help? Nope. Did the company send my dad a thank you note and a gift for 30 years of survice? Nope. Did the union send my dad a gift and a thank you note? You bet your ass they did. Did his work CALL him and congratulate him on his retirement? Nope. Did the union? Yep they even threw a party for em.

    Unions have a purpose. And when you find a good one and join them, you usually are a member for LIFE. Because believe it or not, they are workers to, they are in the field with the little man working. They know the struggle. And I'm happy that SOME places have unions still around to help employees with any problems that arise. Because do you think a corporation is going to look out for you? Or themselves? Yea thought so. But most unions, note I say most, WORK FOR THE WORKER.

  490. what is "capitalism"? by Anonymous Coward · · Score: 0

    ...And, probably 5% of those asked can give a correct definition of "capitalism." So, have we proved that capitalism is dying, or that intelligence is dying?

  491. still better than anything else... by Anonymous Coward · · Score: 0

    Capitalism, just like Democracy and even Freedom, sucks......but is still better than anything else or any alternative in the long run.

    Capitalism does not simply means that a company can do anything it wants.
    Freedom includes protecting and allowing others to do things that offend us.

  492. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    This.

  493. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Ya, like Apple who paid about .11% in corporate taxes. Nahhhh corporations and rich people get taxed enough already though.

  494. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    As soon as airplanes, iPhones, and other products with a gigantic industrial dependency tree are available at farmers' markets we can stop caring about big business. As it is, it's sort of a miracle the global economy runs as well as it does. You'll notice that only a few nations got the hang of industrialization and capitalism has only been a major force in ~50%. The primary force is actually predictability; lose that and none of capitalism, socialism, or despotism will save you.

  495. Today, in "News of the Moron" by alternative_right · · Score: 1

    It's a stretch to say our system is even capitalist, since it has extensive regulation, union protection, and social welfare.

    It is more accurate to say that democracy has failed, because whenever you ask the masses what we should do, they run off chasing illusions and then we all go over the cliff.

    If anything, we are seeing the demise of the idea of herd behavior being a good thing, and a recognition that the root of herd behavior is individual selfishness.

    Blaming capitalism for that is just a last-ditch strategy to avoid seeing the obvious: modern society has failed. We need a new type of social order.

  496. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Poverty in the US is living in a neighborhood where you have to lock everything up or it will get stolen. Where you can't have nice things because poor people still from each other. Poverty in the US is when you can't have packages delivered because THEY will get stolen. Not might, not once or twice, but every damn package. Poverty in the US is being paid $8 an hour while working at 2-3 jobs, while still trying to be a good parent. Poverty in the US is waking up, and not knowing where you next meal is coming from. Poverty in the US is sleeping in an abandoned car or in an alleyway because you lost your job or got sick. Poverty in the US is waking up at 4am, to catch the 5:30am bus/train to make it to work an hour a way by 7:00am to make your $8-$10 an hour. All while avoiding homeless people, drug addicts, ads for shit they can't afford, and getting bombarded with nasty smelling shit and grime coming from every corner.

    Poverty in the US is working at amazon(their CEO is the richest person in the America) in their warehouse, and you still can't afford a house or apartment and have to pay rent to live in shipping containers for $1000 a month.

    Use google sometime. Plenty of poverty going on in the US.

  497. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Denmark just gives them a cut of the money they make off petro. They are socialist after all. And that's what socialist do right? Give their shit away to the people. ;)

    right? ;) /s

  498. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Put all your clothes in the dryer on high heat for an hour. Kills em good. Only effective way I found, was heat.

  499. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Someone who doesn't get it.

    Another I got mines, fuck you person. This is what's wrong with our society. Greed. We have been taught to work hard, but in turn we were also taught, fuck my neighbor.

  500. Why wouldn't they be skeptical about capitalism? by Anonymous Coward · · Score: 0

    In generations past young Americans knew they'd grow up to be wealthier than their parents.

    But young Americans today are growing up poorer than their parents, and those young people's kids will grow up poorer than them.

    Why in the hell would they be capitalist cheerleaders under such an economic system in a country where the social mobility is even lower than the aristocratic British monarchy?

    Meanwhile China, run by a Communist Party, saw the average Chinese wage increase 300% in the past 10 years.

    Those young people also probably understand that the German socialist party and their communist allies are responsible for Germany's 35-hour workweeks, Germans' lifetime unemployment benefits, and the fact that all German medium-to-large corporations have by law 1/2 of the seats on their boards of directors occupied not by rich capitalists, but by the workers and labor unions who are the ones responsible for creating the wealth of those corporations.

    European socialist parties are responsible for the free national daycare in some countries, month-plus-long paid vacations guaranteed to every worker no matter how often you change jobs, the national health care that means Europeans do not even understand the concept of "medical bankruptcy," and the 6-month to 1+ year long paid maternity leave often for either mother or father.

    Meanwhile, here in the "land of the free" the US gov't spies on every single American, records our phone calls and every electronic financial transaction we make -- the Bill of Rights be damned.

    Here in the land of "pull yourself up by your bootstraps" American capitalism, we have no maternity leave paid or otherwise. American workers work more than 40 hours a week (more than even the Japanese!) and American workers get zero paid vacation. Young people commonly work multiple part-time jobs trying to string together enough of an income to avoid the countless homeless people who litter our country's streets.

    By questioning our capitalist values and our exploitive economic system, those young people are just showing they have working, functional brains...

    "Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone." -- Famous capitalist economist John Maynard Keynes

  501. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    He's answering the question for you. He's telling you he doesn't need that much disposable income. And really no one should. Spending $100k a year on frivolous shit is something only rich people can afford.

  502. Re: For what would I need more than 50,000 - 100,0 by Anonymous Coward · · Score: 0

    Exactly, slaves have a severe lack of investitional imagination.
    Else they would have some bucks too.

    FTFY.

    Yea and rightards have a severe lack of common decency.

  503. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Becaue socialism, grrrrrr!!!

  504. Take a 200/300 Level Econ Class... by Anonymous Coward · · Score: 0

    And then get back to us.

  505. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    So the left is trying to destroy itself?

    Yea makes sense, coming from a right leaning person.

    Blame, deflect , never admit defeat or blame. Right out of the rights playbook.

  506. Re:No, there are two ways he could obtain his insu by Anonymous Coward · · Score: 0

    There's a lot of assumption there on your part. I've dealt with many Christian charities, and none force gay kids to denounce being gay anymore than they beat a drug addict for doing drugs. They're there to help, full stop. Yes, they do often share their own Christian message, unlike what many try to get people to believe, they don;'t withhold help if someone isn't interested. They're simply not given credit where it's due.
     
    Very often they were also the ONLY charities working in certain fields and locales.

  507. Re: Everyone knew the pump and dump was coming.. by suutar · · Score: 1

    well in that case... nobody's died from _socialism_, they've died from _authoritarianism_ masked in socialist memes.

    Have a nice day.

  508. I have to clarify some things here, apparently ... by King_TJ · · Score: 1

    First off, no ... my last sentence didn't "betray me" as somehow being for socialized medicine.

    I'm saying that I'm for a free market... not the current one that pretends to be free, except for the legal limitations government places on things to benefit big pharma unfairly! (EG. If a company over in Germany or up in Canada starts producing a perfectly good version of one of the drugs under U.S. patent by a pharmaceutical firm based in America, it's illegal to mail order it into the country and issue it to patients, even if it's 1/3rd. of the cost and works as well as or better than the one under the legal patent protection here.) If you want to sell drugs in a Capitalist framework, I think that should mean it's a level playing field for all participants, including foreign manufacturers who want to export drugs to America.

    Big pharma constantly bellyaches about the huge expenses involved in R&D of a new drug and claims it requires government protection to get exclusive rights to sell it for so many years before generic alternatives are allowed. Yet we can see by the huge profits they consistently make that they're not in any special need of these protections at all! "No risk, no reward" is how the free market is supposed to work. If you dump millions into R&Ding a new medication and then find you can't recoup your investment before everyone else clones your drug and undercuts your price on it? Too bad! Welcome to the reality of pretty much every other business in America! There's usually a lot of short-term profit potential for having a product out first, even without any government protection.... You exploit that "first past the post" momentum with the right marketing push, and you've got brand recognition everyone else has to really fight to compete with. You *should* be able to turn a profit if your product is any good.

  509. Survelance Capititalism... by Anonymous Coward · · Score: 0

    But how will all the millennials make money on Instagram when they throw out capitalism? Oh and how will you get your hands on a mobile phone to thumb fuck when no one is incentivized to manufacture them for a profit?

    1. Re:Survelance Capititalism... by Anonymous Coward · · Score: 0

      You misspelled "surveillance", but good point!

  510. Re: Everyone knew the pump and dump was coming.. by Anonymous Coward · · Score: 0

    He agrees with you.

    "A government owned means of production does not make a system Socialist"

    Seems you are the moran ;)

  511. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Toronto*

  512. Re: Everyone knew the pump and dump was coming.. by Anonymous Coward · · Score: 0

    What?

  513. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    You are legit the most angry rightard I have ever met. What's the matter? Your daughter dating a black guy? Your mom married a Jew?

  514. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    I'm not your chicken, pidgeon.

  515. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    What? To capitalist open source is considered socialist. Why would they use a socialist "free" operating system.

    To them they want the rich man to keep making money. So instead of using those free tools, they'd rather pay the corporations money for those same closed source tools.

  516. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Kudos for seeing that the PARENTS are failing the children.

    Stop blaming the schools. You have a hand in raising your kids as well.

  517. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    You are so brainwashed.

    Listen, we aren't going back to owning slaves. We aren't going back to letting corporations have their own police forces/army's. We aren't going back to letting no minimum wage laws. We aren't going back to letting corporations do whatever they want with our water/air/etc.

    You live and you learn. The past wasn't some magical place. It was actually fucked up. You either adapt or DIE. And people who think like you are gladly fading away. For most people, America was NEVER great. So how can you make it great again?

    What you really mean is, "shit, they are starting to catch on to our scheme, we better find a way to keep them in check."

  518. Re: Everyone knew the pump and dump was coming.. by jvanber · · Score: 1

    Right. And it just so happens that many of these 'private enterprises' happen to be owned by current or former high-level government officials. Probably not a great idea in their 'capitalist' economy to be a competitor to a company owned by a general.

  519. Re: Everyone knew the pump and dump was coming... by MightyMartian · · Score: 1

    The problem with every single Communist revolution is it never got past the "Dictatorship of the Proletariat", which naturally, considering human nature, it never would. Once you have the dictators in power, they almost never give it up. The Revolution must be maintained, even encouraged, because so long as there is some dark counter-revolutionary force, real or imagined, the tyrants can just keep up the facade that Utopia is just over the hill, apparently in perpetuity. Unfortunately men like Cincannatus, Diocletian and Washington, who retired to their farms, are very rare, and more typical are the Stalins, Maos, and dare I say, Maduros, who go so far as to actually create the conditions to guarantee the necessity of tyranny.

    --
    The world's burning. Moped Jesus spotted on I50. Details at 11.
  520. Re:thanks slashdot by Anonymous Coward · · Score: 0

    Too bad too much of the US economy and survival is dependent on a bloated military and defense industry.

  521. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Arent those all very homogenous societies?

  522. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Yet some people spit at the word "socialism" as if it were equivalent to Stalinism or Maoism.

    Stalinism and Maoism are both implementations of socialism. National Socialism - that is, Nazism - is another. Heck, Fascism itself is another splinter faction of socialism. Other socialists hated the fascists much as the Stalinists hated the Trotskyites, and for the same reason.

    All of these movements, with socialism as the root, defined themselves in opposition to Classical Liberalism, and rose in popularity after the Great Depression, which was thought to represent a failure on the part of the liberals.

  523. Re:No, there are two ways he could obtain his insu by lessthan · · Score: 1

    I know and it lights my fire more than anything else. Why does righteousness lead so easily into self-righteousness? (Of course, the mirror shows my face.)

    --
    Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
  524. Re:No, there are two ways he could obtain his insu by lessthan · · Score: 1

    That the government is uncontrollable is kind of our fault. Somebody's sig from ages ago: Ballot, soap, ammo - use the boxes in order.

    --
    Space Shuttle was a program that strapped humans to an explosion and tried to stab through the sky with fire and math
  525. Re: Everyone knew the pump and dump was coming... by Anonymous Coward · · Score: 0

    Denmark also has virtually none of the challenges the US has. Mass immigration. Ethnic Diversity. Look in many places in the US and you can find conditions just like the Danes enjoy. You can also look to Chicago, Baltimore, Detroit and big cities to find the less desirable aspects. Most Americans do not live in those cities, but you are probably choosing to ignore that.

  526. Re: Everyone knew the pump and dump was coming... by angel'o'sphere · · Score: 1

    Seems you don't know anything about the 'Danish System'.
    E.g. healthcare is payed by taxes.

    In Greece you need a health insurance. See?

    So your points are wrong. Claiming they have bad work moral is quite insulting, too.

    You know where this "mere" is comming from?

    In WWII, Greece was occupied by german forces. The country was under curfew, till roughly 8:00 in the morning. So when the officers finally arrived ad the "plakka" and sat down for a breakfast in a coffee shop, that plakka was already full with "lazy greeks" drinking coffee. So the german officers spread the myth: greeks never work. For some reason they were to dumb to realize that the greeks ignored the curfew and worked at night from 4:00 till 7:00/8:00 and then went for breakfast.

    Anyway ... if you think there are other countries that used the "scandinavian model" ... outside scandinavia, you are mistaken ...

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  527. Re:thanks slashdot by angel'o'sphere · · Score: 1

    After a revolution, starvation is the norm, regardless of "*ISM".

    --
    Cost free eBook I read (by iBook/Kobo/Amazon/ObookO/Gutenberg etc.): "The Green Odyssey" by Philip Jose Farmer.
  528. Re: Everyone knew the pump and dump was coming... by Crashmarik · · Score: 1

    Yes it is.

      Glad to see you understand the absurdity of comparing basic moral imperatives with congressmen writing earmarks or regulations to benefit their friends and supporters.

  529. Re: Everyone knew the pump and dump was coming... by Crashmarik · · Score: 1

    The right laws? Curiously the ones that don't get eliminated...

    Tax cut is working miracles

  530. Re: Everyone knew the pump and dump was coming... by manu0601 · · Score: 1

    Except that US will hammer any foreign corporation that breaks US embargo and also has US activity. When they have to choose between access to US and Cuban market, corporations usually settle on the former.

    Moreover, US has show it will easily arrest and jail leaders of foreign corporations breaking US embargo, if the opportunity arise..

  531. Re: Everyone knew the pump and dump was coming... by kilfarsnar · · Score: 1

    Yea those shitty unions everyone on slashdot bitches about. They actually stood tall and helped usher in better working conditions.

    And what thanks do they get? They get called the mob. My dad was IBEW for over 30 years, and whenever he needed help from the union they had his back. Labor dispute- the union helped, hurt on the job- the union was there from start to finish. Unsafe work conditions-union stepped in and made things right. Disputes between management and workers or workers vs workers-the union took care of it. When my dad retired the union had HR sit down with him and plan out his retirement. Did the company help? Nope. Did the company send my dad a thank you note and a gift for 30 years of survice? Nope. Did the union send my dad a gift and a thank you note? You bet your ass they did. Did his work CALL him and congratulate him on his retirement? Nope. Did the union? Yep they even threw a party for em.

    Unions have a purpose. And when you find a good one and join them, you usually are a member for LIFE. Because believe it or not, they are workers to, they are in the field with the little man working. They know the struggle. And I'm happy that SOME places have unions still around to help employees with any problems that arise. Because do you think a corporation is going to look out for you? Or themselves? Yea thought so. But most unions, note I say most, WORK FOR THE WORKER.

    Yes, indeed. I am pro-union. To be fair, organized crime did move into the unions in some cases. But that is a problem to be fixed, not a reason to eliminate unions. There is all kinds of crime that happens within corporations as well, but no one suggests eliminating them. Unions are needed more than ever, to balance the power that employers have.

    --
    "What the American public doesn't know is what makes them the American public." -Ray Zalinsky (Tommy Boy)
  532. No Argument Here by Anonymous Coward · · Score: 0

    Socialism is clearly best. As long as it's voluntary.

  533. What exactly is capitalism anyway? by Anonymous Coward · · Score: 0

    I notice the word "capitalism" isn't actually defined here, but if we're talking about laissez-faire capitalism, the sole alternative -- the DE FACTO alternative -- is slavery. Just so ya know.

  534. Living in opposite world... by GPS+Pilot · · Score: 1

    I like, in a sarcastic way, how you skirted the idea that charities would only help those they deemed worthy. I suspect that 'lazy' has a wealth of meanings for you. I am familiar with Charity Navigator. I would point you towards Rotten Tomatoes, which was, more or less, subverted the moment the big movie studios took a hit in profits they could trace back to the site. Do you think that the mega-churches would fail to do the same to Charity Navigator?

    I don't like, in a literal way, how you made an allegation against Charity Navigator without doing any basic research. I looked at the top 4 megachurches (based on average attendance):

    Life.Church. Charity Navigator has not rated it.
    Church of the Highlands. Charity Navigator has not rated it.
    Lakewood Church. Charity Navigator has not rated it.
    North Point Community Church. Charity Navigator has not rated it.

    So yes, I'm confident Charity Navigator won't be subverted by organizations it doesn't rate.

    Republicans whine about unfunded liabilities, then spend big.

    Yes, I'm very unhappy with Republicans about that. At least they -- unlike the proponents of socialized medicine -- aren't proposing new programs that would cause $218 trillion in additional deficit spending over the next 30 years (to say nothing of what the new programs would do to unfunded liabilities). You complain about hypocrisy on the issue of unfunded liabilities, which is certainly true of some Republicans, but you offer no solutions to that issue yourself.

    The only way the system breaks down is if people stop paying taxes

    You don't think Social Security will break down if the ratio of retirees to FICA-paying workers grows a lot larger (due to lower birth rate, increasing life expectancy, etc.)? That's what's happening in Japan, and to say fixing that problem is "a major political challenge" might be the understatement of the century. Sorry, rather than trusting your bare assertion, I will trust the official report of the U.S. Social Security Board of Trustees, which back in 2009 had already announced $17.5 trillion in unfunded liabilities. I've never seen a credible definition of "Ponzi scheme" that doesn't describe Social Security to a T.

    Again, this comes back to you and those like you. This belief that anything that doesn't directly benefit you is a waste of money, no matter the net benefit to our society as a whole, that people who need assistance are just "lazy." It is short-sighted, narrow-minded, and it is dragging the US down more effectively than any outside agent ever could.

    You must live in opposite world, because the facts consistently support the opposite of your assertions.
    * I advocate for making the social safety net sustainable, and much more robust. That certainly doesn't benefit me; just the opposite, it requires me to become more charitable.
    * I didn't say people who need assistance are lazy. I said they are the opposite of people who are merely lazy, and that they should receive the opposite treatment (more resources directed to them). Does your reading comprehension really suck that much, or do you just

    --
    That that is is that that that that is not is not.
  535. Re: Everyone knew the pump and dump was coming... by laddiebuck · · Score: 1

    Notably, Alaska has a similar system and a yearly oil dividend paid to every Alaskan. You could say Alaska is more socialist than Sweden.

  536. College cost didn't shoot up by rsilvergun · · Score: 1

    it's always been this expensive. We used to heavily subsidize public Universities with federal funds. We stopped doing that in the late 90s (thanks Clinton). I was in school when it started and the school newspapers talked about it. They had the economics department project what the cost of college would be if the cuts continued and it's right about what it is now. Nobody listened to them because their voices were drowned out by right wing think tanks in favor of the cuts (or a variety of unpleasant reasons I'll leave up to your imagination).

    So yeah, I won't blame capitalism necessarily, rather I'll blame cronyism. e.g. funding tax cuts for the rich on the backs of our children.

    --
    Hi! I make Firefox Plug-ins. Check 'em out @ https://addons.mozilla.org/en-US/firefox/addon/youtube-mp3-podcaster/