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November 17, 2008 at 12:55:08
Promoted to Headline (H3) on 11/17/08: by Gene Messick Page 1 of 1 page(s) |
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Imagine, just for a moment, what America would look like today if GwB HAD privatized Social Security. Picture the national disaster we'd be in now if Social Security had been moved to Wall $treet. With the subsequent Meltdown of Wall $treet, Social Security would have all but vanished from America, swaddled in derivatives, buried under a pile of rubble that would rival the World Trade Center collapse on 9/11. There are reasons why Socialism keeps America running.
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The failed 20th century dinosaur is socialism
"Alan Greenspan testified before Congress that he had no idea this could happen, tho many tried to warn him. His unregulated free-market heroine, Ayn Rand (Atlas Shrugged and The Fountainhead) and her Objectivism has proven to be a great Fiction. Trickle-down never did. If America is to survive the 21st century, we must bury these failed, pathetic 20th century dinosaurs." Greenspan, instead of taking responsibility for his own errors tried to shift the blame onto a philosophy he abandoned decades ago when he accepted Chairmanship of the Federal Reserve. The current mess in financial markets is a failure of government management of the economy. The pathetic dinosaurs of the 20th century are socialism, progressivism and government economic planning. If we are fortunate, these moribund ideologies will be superceded in the 21st century by Ayn Rand's philosophy. by John W. Bales (0 articles, 0 quicklinks, 0 diaries, 18 comments [3 recommended, 0 rejected]) on Monday, Nov 17, 2008 at 10:37:53 PM
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Reply: To John Bales (and Anthony Reed)
While Libertarians like to think Alan Greenspan threw Ayn Rand under the bus, he never did. That's why he was so befuddled when he testified before Congress, as I explained to you in my response to you comment on Too Big To Fail? also published here on OpEdNews. Greenspan cannot fathom why the Free-Market did not self regulate, like he always believed it would. by Gene Messick (34 articles, 33 quicklinks, 1 diaries, 73 comments [3 recommended, 0 rejected]) on Friday, Nov 28, 2008 at 11:05:59 AM
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John W. Bales is correct
Rand's philosophy is is truly needed. Now more than ever. Gene Messick Wrote: "I know of no evidence to support that this claim is true. Competition is not the answer." Interesting comment, considering the evidence of the virtues of competition is everywhere. Better products, services, methods... These improvements are due to competition in the marketplace. There is a difference between not knowing and not paying attention. by Antony Reed (0 articles, 0 quicklinks, 0 diaries, 4 comments) on Tuesday, Nov 18, 2008 at 10:15:12 AM
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Reply: BALES AND REED
I am a registered Libertarian and a long term subscriber to Liberty. I am libertarian, however, not because of the hair-brained economic theories that underly the party, but because of the party's long term commitment to political, personal, and certain economic freedoms. No one who has studied economic or social history could possibly believe that the restoration of laissez-faire capitalism could result in any other social condition than it did the first go round: slave wages, fourteen hour workdays, company towns, child labor, barracks living, unsafe working conditions, monopolistic control of the various industries, etc., etc.. The result was that the capitalist himself set up a coercive state to control a disgruntled and union hungry work force. Yes, no perfectly laissez-faire system has ever existed, as the typical libertarian will argue. But, early capitalist systems were very close to such laissez-faire systems, and the results were always the same. So the libertarian is much like the ancient Jewish sect which, when faced with the restrictions of a real God, habitually returned to the worship of Baal, learning nothing from their history and endlessly repeating the cycle of self-flagellation for their forgetfulness. Libertarians seem to come in four types. First are those that read Atlas Shrugged, and whose intellectual curiousity is sated forever more. Second are those that attend business school at university and have no historical context within which to place their political and economic ideology. Third are those who dropped out of high school and want to grow dope for a living. And forth are those who see how libertarianism can be combined with other ideologies to form a more perfect political, social, and economic order. For those of us that live in the real world, the necessity of massive government intervention in the economy became obvious to all capitalist societies in the late 1920's. Herbert Hoover saw it; Franklin D. Roosevelt saw it; Harry Truman saw it; Dwight Eisenhower saw it; John Kennedy saw it; Lyndon Johnson saw it; Richard Nixon saw it; Gerald Ford saw it; Jimmy Carter saw it; and only then, when Ronald Reagan became president, did we begin again to worship Baal. For those who have not noticed, our economy has been on a one way slide towards hell ever since. Thank you Milton Friedman, the master of disaster, who would have been a better WWE diva than he was an economist. by W.M.L. (0 articles, 0 quicklinks, 0 diaries, 537 comments [52 recommended, 1 rejected]) on Tuesday, Nov 18, 2008 at 1:56:29 PM
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Reply: To Antony Reed's comments
First, Antony, let me apologize for misspelling your name, in my response to Mr. Bales above, which is also part of my response to your comment. by Gene Messick (34 articles, 33 quicklinks, 1 diaries, 73 comments [3 recommended, 0 rejected]) on Friday, Nov 28, 2008 at 11:24:56 AM
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Gene,
Your article is all sophistry. What has failed is the regulatory state. There is no free market to fail.A free market would mean all those regulators out of work. Unfortunately they're still employed. Greenspan is discredited, but he hasn't advocated free markets in a long time. Just read what he wrote in the '60s: Then consider that he cut all ties with Objectivists & went on to run the central bank. He has discredited govt management of the economy. A little intellectual honesty on your part would allow you to see that. On the subject of education, you did a good job of pointing out how the govt has ruined the socialist school system. That would logically lead one to conclude that it's a bad idea to have the govt running schools. After all, the private schools & homeschoolers deliver a better education for less money than the socialist ones. by Darren Wolfe (15 articles, 402 quicklinks, 141 diaries, 1032 comments [84 recommended, 0 rejected]) on Tuesday, Nov 18, 2008 at 1:39:32 PM
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How
From mylief in John Lennon's Imagine song and the first saints have all things in common, the whole economy is a myth or illusion. When we learn to take care of each other along with not worrying about tomorrow, then we will live hand in hand on the threshold of a dream we can make happen. by Michael Dewey (5 articles, 1 quicklinks, 4 diaries, 245 comments [12 recommended, 0 rejected]) on Tuesday, Nov 25, 2008 at 8:30:51 PM
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