Comments Read by 19, people Our hearts go out to the families of those slain in the senseless shooting this morning at Sandyhook Elementary school in Newtown, Connecticut. At least 27 people, including 18 children, have been killed. Reports indicate that most of the children were of kindergarten age. They never stood a chance once a gunman entered their classrooms and indiscriminately opened fire.
Some people continue to defend trickle-down theories, which assume [? This opinion, which has never been confirmed by the facts [!
Pope Francis IEvangelii Gaudium, "The Joy of the Gospel," November 26,exclamations and questions added, The European Dream, with its emphasis on collective responsibility and global consciousness Jeremy Rifkin, "The European Dream," Europe is an economic success, and that success shows that social democracy works.
Guess a Nobel [i. Like them, he has driven the U. Then again, neither of his predecessors had such visible evidence of where social democracy ultimately leads. Referendum on Europe," The Wall Street Journal, Tuesday, January 3, Economists agree that a large capital stock is a key ingredient for prosperity, as it expands our productive capacity and raises worker productivity, which in turns increases wages and consumer purchasing power.
Our capital stock is comparatively much smaller today than it was before the Great Depression. Where there is investment -- a new factory or distribution facility being built, a new store about to open, new software being installed -- that is where new jobs are created.
It is no coincidence that during this period of subpar growth, private capital investment as a percentage of our economy is at post-World-War II lows. Walter WristonCiticorp Chairman, All economic problems are about removing impediments to supply, not demand.
But Keynes, unlike many of his followers, was not a man of the left. Barro Harvard"Keynesian Economics vs. Regular Economics," The Wall Street Journal, Wednesday, August 24, regarding the demand side "multiplier" The principle of Keynesian economics is to stimulate demand.
This done by distorting the labor market through artificially inflating wages or actually fixing wages. Price manipulation and price fixing always result in either surpluses or shortages of what is manipulated. This part of Keynesian strategy thus increases unemployment, which is the surplus of labor.
The other part of the strategy is public spending, which always ends up being done for political rather than economic reasons, in part because governments cannot successfully engage in macroeconomic calculation.
This was predicted by von Mises and Hayek and demonstrated, not just by the economies of the Soviet block, but by almost every government spending program that has ever existed. Government spending also siphons off capital from the private economy, which inhibits hiring, production, and investment.
The whole Keynesian program is thus grotesquely counterproductive, except to the privileged and often connected few to whom the inflated incomes and government money actually flow.Marx believed in socialism and that communism would eventually follow.
He argued that social theorists and underprivileged people should topple capitalism and bring about socio-economic change. This is the ‘change we can believe in’ touted by Obama.
A Comparison Between Socialism And Capitalism Economics Essay. Print Reference this. Disclaimer: (Karl Marx, ) will lead to economic growth and development; and the president of the biggest capitalist country of the world, Barak Obama, sure supports me on this, as he has just been passing bills that supports government intervention.
Manifesto of the Communist Party.
A spectre is haunting Europe — the spectre of communism. All the powers of old Europe have entered into a holy alliance to exorcise this spectre: Pope and Tsar, Metternich and Guizot, French Radicals and . As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria.
Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from kaja-net.com Leftist politics is basically a religion these days, including a litany of saints.
Many had cults of personality, some ongoing. Criticizing them gets the same reaction as telling a fundamentalist that a Biblical prophet was a nut. Joseph C Colangelo - 3/18/ What Marx wanted to do was to radicalize and extend enlightenment liberalism so that individual would be truly free to develop their many sided talents.