There is no formal procedure for violating the principle of moral hazard. The Chairman of the Fed and the Secrerary of the Treasury were attempting to avoid a massive economic collapse following the failure of financial services companies.
The banking system was nationalized to thaw a credit freeze.
None of that was socialism for the rich. — frank
But call Bernie what you want. I’ve already stated his policies reek of the big government, high-tax reforms we’ve been getting for the better part of a century. — NOS4A2
Why would we need another New Deal if the first one was so great? The government’s power was greatly increased and that has not subsided. — NOS4A2
If there is no socialism in Bernie then why does he call himself a democratic socialist? It boggles the mind. He's either wrong or he's a socialist. So which is it? — NOS4A2
Alright before we begin this discussion I'll just let you know that I would really never vote for Bernie. I'm just interested in the actual contents of his beliefs. From what I know - off the top of my head - he's said favorable things about Castro and the USSR, and he favored nationalizing.... some industry in the 1980s and doing so in a manner without even compensating the leaders of those industries.
Again, not looking for a debate here just an honest picture of what Bernie believes. — BitconnectCarlos
Social Democrats are totally different from Marxist-(Leninists). They don't want to stop capitalism. Their idea is only to milk it a bit more and have this "socialism-lite". And if you listen to Bernie, that is exactly what he's up to. — ssu
That was interesting. There is a lot in there I agree with. But they go much farther than I...I just want a more interested voter (not just interested in having their opinions agreed with). They want everyone to actually engage with their community. I am way too socially uncomfortable for that sort of behavior :grimace: But I can appreciate its usefulness and support those actions when I can. I can admit that I would definitely count as a "hobbyist" based on their description. — ZhouBoTong
Those policies actually fit the technical definition of social democracy (which is not a kind of socialism), not democratic socialism, or any kind of socialism. They have nothing to do with capital being owned by those who use it, they just provide a band-aid over the worst excesses of capitalism. — Pfhorrest
Bernie is an avowed socialist. Straight from the horse’s mouth. That was my only point. You don’t have to look at the countless other leaders and states who have claimed the same, but because there is always a trail of death and tyranny behind them should at least be cause for scepticism when someone once again picks up the mantle. I doubt your equivocations would occur if Bernie called himself a fascist, for instance. — NOS4A2
Or run away instead. Probably the best move for you.
— Xtrix
No use debating something who can't deal with the obvious. Sanders himself says he's socialist, there's no need for me or anyone here to define it. SO, not running away, moving on to something useful. — Wayfarer
Oh. Yea, that wasn't Wall St. asking for a bail out. It was the freaking chairman if the federal reserve and the secretary of the treasury. — frank
Bernie Sanders is an avowed, self-declared, democratic socialist, and the meaning is as clear as day. Over and out. — Wayfarer
The word "socialist" is meaningless. Until it's defined you're simply talking nonsense. This is exactly the point I made earlier. If you want to tell us what you mean by socialism, go right ahead.
— Xtrix
I spelled it out, and got a wall of blather in return. — Wayfarer
The corporate tax rates in Denmark or Sweden are not that high, but Bernie wants to raise it to 35%.
— NOS4A2
Corporate tax rates were above 45% from just after WW2 until Reagan. Even then they were around 35% until 3 years ago. And America had a stronger economy relative to the world in those days so a high corporate tax rate must be a good thing??
I actually think it is way more complicated than that (in fact, when corporate taxes were at 35%, the EFFECTIVE corporate tax rate was below 20%). So raising the corporate tax rate back to where it was 3 years ago (which was EFFECTIVELY the same as it is today) does not seem to be a big issue?? — ZhouBoTong
Bernie's policies aren't socialism.
— Xtrix
But Bernie himself says he's socialist. — Wayfarer
Free public health, free public higher education, and forgiveness of student debt, paid for by higher taxes on the wealthy and on corporations - those are his policies, and they are socialist. — Wayfarer
He openly is calling for a political revolution in favour of the majority against corporatism. — Wayfarer
US centrism is always so much fun.
It's an INTERNATIONAL conspiracy man! ALL the European and Asian universities are in on it too! Damn conspirational experts with their Internet and stuff coordinating all this and STILL nobody can find proof of the stuff I see, which if why I know climate change is a HOAX. The MSM are in on it too! Everywhere! There's not a newspaper in sight that doesn't peddle climate change fantasies. You need to read up on some real news on BREITBART.
They took our jobs!
They're going to take our guns!
Civil war! Semper fi! — Benkei
It’s true that China has developed an economically-viable brand of Socialism, but it’s too totalitarian and mercantilist to last. — NOS4A2
No, I do have a problem bringing those policies to the US. But mostly I have a problem with Bernie’s statist policies, which differ in many respect to the countries he holds as exemplars. The corporate tax rates in Denmark or Sweden are not that high, but Bernie wants to raise it to 35%. Denmark and Sweden don’t have government-mandated minimum wage; Bernie wants government-mandated minimum wage. His Green New Deal is the thing nightmares are made out of. — NOS4A2
While Trump has increased the average american's interest in politics (finding that silver lining where I can), it does not mean that people are willing to do serious policy research. Just that they are willing to spend some of their entertainment hours listening to people give their opinions on politics (all 24 hour new stations). — ZhouBoTong
So I find it very weird when people say someone is un-electable due to their economic policies. Oh, people understand economics now do they?!? — ZhouBoTong
Do you still contend that “Denmark and Sweden (among others) are failed states”?
I never even hinted at such proposition. — NOS4A2
Dictionaries record usage, not how a word should be defined. — NOS4A2
it’s true, the word has little meaning anymore. — NOS4A2
I always use the common definition: social control of the means of production. A socialist state is a state that explicitly seeks to achieve this end. Here’s a list of such states:
https://en.wikipedia.org/wiki/List_of_socialist_states — NOS4A2
The Nordic system is not socialist. — NOS4A2
What the f&& is a "climate denier" anyway? The climate does not make claims, how can you deny them? — Nobeernolife
Name-calling is not an argument, and on Google you can find all sorts of things, including critics of the global warming talking points. — Nobeernolife
As I pointed out, even if the US did not exist, the rest of world would continue to consume fossil fuels. — Nobeernolife
I never said Trump is responsible for climate change. Not once.
— Xtrix
If you never said that, why are you arguing? The only reason I jumped in here was because of the hysterical claim that "civilization" would not survive another 4 years of Trump. — Nobeernolife
Oh, it would certainly have an impact on policy.... i.e. China taking advantage of the US hobbling its economy, and African dictators gathering at the trough of "climate" subsidies for vague promises. It would NOT have an impact on the worlds climate. — Nobeernolife
Aren't people voting for Bernie because of the direction they HOPE it puts the country on? It is about sending a message, not actually believing the USA will be just like Denmark in 3 years. — ZhouBoTong
Bernie’s brand of socialism is more social democratic, though the terms are already so watered down and abused to be of any use. — NOS4A2
One can simply observe the failed states of that ideology throughout history. — NOS4A2
It’s a common argument to pretend welfare states are socialist, and to pretend tax-payer funded services are the same. — NOS4A2
But it was Bismarck, a conservative anti-socialist, who instituted the first social health insurance system. And he arguably did it in spite of socialism. As for post offices, they became tax-funded under Charles 1st, long before socialism was a fart in someone’s mind. Taxes have been a part of human life since time immemorial. — NOS4A2
I don’t doubt Bernie’s sense of justice, but being against wars and bigotry is easy. What I worry about is how he plans to implement his policies and the costs. — NOS4A2
I'm not a socialist.Not even a democratic socialist. The US got its wealth through a system Bernie wants to destroy. He has no understanding of the economy at all. — fishfry
I'd vote for Bloomberg/Clinton over Trump.
— Xtrix
Bloomberg and Clinton are exactly why the public wants Trump and Bernie. You cling to the neoliberal consensus perhaps because you don't know how truly evil it's become. Didn't the Iraq war teach you anything? — fishfry
I stand with Trump, warts and all. — fishfry
And Bernie? No no no no no. Unbelievable that an ignorant guy like that could be in charge of the country. — fishfry
What Xtrix is saying is blatantly false. Trump is not responsible for climate change. This shouldn't even be a matter of debate. — frank
To argue "Well, climate change would exist without Trump" is, at best, childish to the point of embarrassment.
— Xtrix
No, it is not. — Nobeernolife
US policy does not determine the world climate. — Nobeernolife
If I assume that all the wild-eyed claims about global warming being solely caused by human burning of fossil fuels were true... — Nobeernolife
You could have Trump entact 100% of the most radical green agenda, and it would not make any difference. — Nobeernolife
The world is a lot bigger than the US, and the approx. 1100 bb of proven oil reserves (maybe double that including fracking) will be consumed regardless. Or do you think India, China, and Africa (heading towards a population of 4 billion within the next 50 years) give a wet fart about what the policy the US has?
To assume that a US president can determine the world`s climate is simply megalomania. — Nobeernolife
No he hasn’t. He’s an avowed socialist. One can simply observe the failed states of that ideology throughout history. — NOS4A2
