Radical Idea #2

Discussion in 'Politics' started by Drifterwood, Oct 3, 2008.

  1. Drifterwood

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    Why just nationalise the Toxic Mess?

    You have the most brilliant manipulators and exploiters on Wall Street. Why not nationalise Goldman Sachs. Put the staff and partners on federal employee salaries and get them to turn their proven ability to the benefit of the nation. Their bonuses could be the return of their assets once they had succeeded?
     
  2. Nrets

    Nrets Member

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    Because that would be unamerican. This is America where we like our men manly, our food fatty, and are investments risky
     
  3. Principessa

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  4. Nrets

    Nrets Member

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  5. Phil Ayesho

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    Being a democracy has NOTHING to do with socialism, NJ.

    Socialism simply refers to a notion that SOME systems within a society should be operated by collective principles, for the benefit of all regardless of profit.

    The very CONCEPT of a democratic government IS SOCIALIST- Democracy is collective negotiation for the the general good.

    Government, itself, is intended to provide services to the public WITHOUT profiting from those services, to ensure that we are not paying MORE for those services than minimally necessary.

    Thus- the ARMY is a socialist solution to common defense.
    Social Security, Labor unions, the 5 day work week, national holidays, the Police and courts... aid to women with dependent children... unemployments insurance...

    ALL of these staples of our society are entirely socialist initiatives.

    Great Britain and most commonwealth nations have a Labor party that pushes a Greater role for government in civil society- arguing that Government should DO more ( like regulate the financial markets ) is arguing a socialist solution.

    Socialism is, therefore, NOT at odds with democracy, but the precise opposite... it is the foundation upon which ALL FREE societies are built.

    IT has nothing to do with voting rights- people all over the world who vote often vote for socialist parties.

    Socialism is the idea that government CAN do a POSITIVE good for its people.


    Unregulated privatization is what GOT us into this mess.
    IT is predicated upon the idea of "every man for himself"

    Socialism is predicated on the idea that " We are ALL in this TOGETHER"

    A true civil society MUST balance individual self interest- with GROUP interest.

    IT why we HAVE police.
    Its why we HAVE Law and government.


    The one great failure of modern conservatism is to have demonized the idea that Government MUST serve the whole of society- or government cease to be of value to the people.

    The people who think they are the fittest are always in favor of 'survival of the fittest"-

    Socialism is where Civil Rights spring form.
     
  6. faceking

    faceking Well-Known Member

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    Your towel is down, and your milk is done. Lie down for your nap.
     
  7. faceking

    faceking Well-Known Member

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    Curious your background... a college degree? in finance? an MBA? a CFA? anything?

    no
    no
    no
    no
    no

    would be my guess.
     
  8. Domisoldo

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    Your idea is hardly radical.

    In some circles, there is a growing concern that the aggressive foray of the US government into the financial sphere is tantamount to nationalization...OK with lipstick.
     
  9. faceking

    faceking Well-Known Member

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    Agree, and I think Cheney was behind it all. Why are we not bringing him to justice while he is in office?
     
  10. Phil Ayesho

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    It is my fervent hope that the courts will deny his attempt to destroy all records of his actions and that a full investigation will ensue into the activities of his "shadow government"


    Unrestrained markets are like unrestrained people. We have LAW to prevent the ruthless from preying on the principled.

    IT is even MORE necessary to police people when there are billions of dollars on the table.

    The board table.

    Your every argument is an argument for ALLOWING Larceny.
     
  11. Pecker

    Pecker Retired Moderator
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    There's only one thing worse than greedy, thieving, lying CEO's.

    Greedy, thieving, lying bureaucrats.
     
  12. Nrets

    Nrets Member

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    I believe that college impedes ones ability to think critically...but I attend one in an effort to make some old people happy.

    I don't need a background in finance. I have sat around enough illegal street games and listened in on enough pyramid schemes and seen enough friends go to jail to know how finance works.

    MBA teaches one how to be an expert in pretentiousness...something I have no interest in despite how pretentious my posts may seem at times.

    I have no idea what the fuck a CFA is.

    But I have a pretty analytical mind, and I have seen a lot of shit in my short life.
    "All I know is I don't know nothing"

    Operation Ivy...1989
     
  13. Principessa

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    I have often referred to Dick Cheney as being the puppet master for many of the nefarious deeds for which this administration has been responsible over the past eight years. Brought to justice? Are you serious? There is no one in hell that evil cretin will ever serve one hour of time. Look at how long it took them to nail Scooter Libby to the wall. Cheney is unfortunately above the law. Besides if he goes down he would have to take the President with him and that's just not going to happen.
     
  14. mindseye

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    This approach worked in Sweden in 1992; it worked so well, in fact, that the financial industry was profitable again by 1993 (see this article). Berkley economist Brad DeLong and Princeton economist Paul Krugman have both recommended a temporary nationalization.

    But what is economically sound is not always politically sound, and the idea of nationalizing the financial-services industry is toxic in this country.
     
  15. Drifterwood

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    Haven't you already nationalised AIG, Fanny and Freddie, and now the loss making part of the entire Industry? Why just carry the can for the bad parts? Can't we have some security/collateral from the good parts?

    Don't get me wrong, we have done very similar in the UK, without the bail out, yet.
     
  16. PussyWellington

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