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EPIC1934
10-11-2008, 08:14 AM
Such interventionism is a regular feature of state capitalism, though the scale today is unusual. A study by international economists Winfried Ruigrok and Rob van Tulder 15 years ago found that at least 20 companies in the Fortune 100 would not have survived if they had not been saved by their respective governments, and that many of the rest gained substantially by demanding that governments "socialise their losses," as in today's taxpayer-financed bailout. Such government intervention "has been the rule rather than the exception over the past two centuries", they conclude.

In a functioning democratic society, a political campaign would address such fundamental issues, looking into root causes and cures, and proposing the means by which people suffering the consequences can take effective control.

http://www.counterpunch.org/chomsky10122008.html
heavenlyboy34
10-11-2008, 08:20 AM
If "state capitalism" is a euphamism for fascism, I agree with you.
Truth Warrior
10-11-2008, 08:35 AM
Democracy = politics. :p

Capitalism = economics. :)
EPIC1934
10-11-2008, 10:07 AM
Truth Warrior-- I tend to disagree with this easy separation. I am more atune to 18th century "political-economy" which did not pretend that you could separate politics from economics.

In Chile in 1973 they implemented Friedman. This was after the CIA coup that involved bombing the White House of Chile. Should we conclude that the Friedmanism was then economics without politics. Thats is some film editing, if yes!!!!!!!!!!!!!!
Truth Warrior
10-11-2008, 07:25 PM
Truth Warrior-- I tend to disagree with this easy separation. I am more atune to 18th century "political-economy" which did not pretend that you could separate politics from economics.

In Chile in 1973 they implemented Friedman. This was after the CIA coup that involved bombing the White House of Chile. Should we conclude that the Friedmanism was then economics without politics. Thats is some film editing, if yes!!!!!!!!!!!!!!
Disagreement noted.

http://dictionary.reference.com/browse/politics (http://dictionary.reference.com/browse/politics)

http://dictionary.reference.com/browse/economics (http://dictionary.reference.com/browse/economics)
AutoDas
10-11-2008, 08:40 PM
governments "socialise their losses,"

Why do chompskyites continue to say this is a capitalist system when their own words say the system has been socialized. Idiots make no sense.
Brassmouth
10-11-2008, 09:45 PM
Democracy = politics. :p

Capitalism = economics. :)

Read "Capitalism and Freedom." You are mistaken if you think economic and political freedoms are separate.
nate895
10-11-2008, 09:48 PM
Read "Capitalism and Freedom." You are mistaken if you think economic and political freedoms are separate.

He is a total anarchist. He thinks capitalism should be the political system.
Brassmouth
10-11-2008, 10:26 PM
He is a total anarchist. He thinks capitalism should be the political system.

I assume you're referring to Milton Friedman?

That couldn't be further than the truth, actually. Friedman was an exemplar libertarian but as an economist he favored central banks. Perhaps you're thinking of Rothbard?

In any case, it pays to know something about what you type. You fail.
Truth Warrior
10-12-2008, 11:32 AM
Read "Capitalism and Freedom." You are mistaken if you think economic and political freedoms are separate. They're not.

That's the problem, is it not?<IMHO> :rolleyes: David makes much more sense than Milton. http://en.wikipedia.org/wiki/David_D._Friedman
Brassmouth
10-12-2008, 03:32 PM
They're not.

That's the problem, is it not?<IMHO> :rolleyes: David makes much more sense than Milton. http://en.wikipedia.org/wiki/David_D._Friedman

No, there's no inherent problem with them being separate. Infringements on economic liberty affect political liberty. We should be both economically and politically free.

Just because one lives in a "democratic" society doesn't mean it's people are free. Just look around you.
Truth Warrior
10-12-2008, 03:45 PM
No, there's no inherent problem with them being separate. Infringements on economic liberty affect political liberty. We should be both economically and politically free.

Just because one lives in a "democratic" society doesn't mean it's people are free. Just look around you. Sorry, you're only off about 180 degrees from what I'm actually talking about. :rolleyes:
dannno
10-12-2008, 04:07 PM
TW is saying that to be economically free we have to separate politics from the economy.