Friday, July 13, 2012

Economic Alternate Universe

This post was written by James Convey, a regular contributor to this blog. Thanks to James for allowing me to use his article as a primary post on my blog.    Lou
Intent of capitalism defined:  opinion based upon Adam Smiths texts in the Wealth of nations.\\ circa 1778:

"...........Trade and marketing under the guise of Capitalism, is as a tool, more rightly designed for the benefit of the entirety of a society. However one must be always wary of the merchants enhanced abilities over the ordinary citizen, via their benefits toward the accumulation of greater wealth, to widen the market to their own designs, which may well stand against the good of the society's structure itself.........." 

July Posting for economics section; ............." An Alternate Economic Universe is unfolding"........( Let's get it right this time)

There is indeed an 'alternate universe' developing beyond the influence of the once mighty Anglo America capitalist system. The Global market has been stripped, or some say perhaps even raped, primarily by the Anglo/American capitalist model of trickle down, 'laissez faire' idiocy, which dominated all trade and manufacture in the present era.  

In trying to reset the timer, the new emerging economic Asian powers, together with Europe and other stronger economies, Turkey, Russia Brazil, etc, will demand and are already in the process, of setting the stages for a new, more rigidly monitored form of capitalism, to serve common unfolding 21st century economic realities! 

Friday, May 4, 2012

America in decline? If so, why?

In a forum on Facebook called, The Federalist Papers, a question was asked on a particular entry: "Yesterday, on this page, the question was asked if America is in decline or if America's best years are still ahead. The vast majority of you believe our country is in decline.

If so, how can we best turn things around? What, in your opinion are our biggest challenges and what's the solution?"   

One particular response of several that I found interesting was the following one from someone named Scott Gray. His response is immediately below, and mine follows.  I thought the discussion was worthwhile enough to post here.

From Scott Gray:   "America is in decline because the two party system and the spin machines which support and profit from the partisan divide, are driving the American people to further and further extremes, away from pragmatic principles of decision making and political behavior, in favor of ideologically driven extremes.

The system will only be fixed if the spin machines are shut down, political rhetoric is removed from the equation, and our elected leaders come back to find pragmatically derived solutions designed to serve the needs of the whole of the nation, instead of the few at the top or the masses at the bottom.

As long as the parties put their financing and their own interests above the American People as a whole, our system will continue grinding into a deeper and deeper rut.

The thinking which has brought us into this mess will not be the thinking which will pull us out of this mess."

 . . . . . .  (And my reply was:

Thursday, September 22, 2011

"An Idea Is Like A Virus"

During the psychological thriller movie "Inception", the character Cobb (played by Leonardo DiCaprio) says "an idea is like a virus".  It is an interesting statement. It is of course within the context of the movie, which I thought was very good, although it took my wife and I two viewings before we think we we were able to follow it. If you've not seen it, here is a brief overview, from  "Dom Cobb is a skilled thief, the absolute best in the dangerous art of extraction, stealing valuable secrets from deep within the subconscious during the dream state, when the mind is at its most vulnerable."

But beyond the movie, the statement has broad application, in particular, to politics and the war to win people's minds - i.e., votes; political persuasion. The battle of ideas is as old as mankind; it is related to the ego and one's ability and desire to get other people to believe your point of view. To some extent, isn't the whole concept of religion and proselytizing for a specific god, a battle for a person's mind?

Wednesday, August 3, 2011

Does lowering taxes on the rich really benefit anyone else?

The Bush Tax Cuts have been in effect for ten years.  Taxes on the highest of income groups have been lower in general over the past 30 years or so, compared to the previous 30.

By using the criteria I find useful, and I think that most people find useful: the employment/unemployment rates, kinds of jobs created and lost, income levels, inflation rates, cost of education, disparity of wealth distribution, general quality of life for the society as a whole; we can ask the question: what effect has the policies of lowering taxes on the rich over the past 2, 5, 10, 20, 40 years had on the U.S. economy? Have lower taxes on the rich done anything for anyone other than the rich?

Wednesday, April 27, 2011

Detailed info from the Financial Crisis Report.

I wasn't originally going to post about this topic next, but I just came across some information regarding the Financial Crisis that I think needs to be highlighted and shared with everyone.

The full recent report from the Senate Permanent Subcommittee on Investigations, “Wall Street and the Financial Crisis: An Anatomy of a Financial Collapse”  is a 650-page indictment that reveals the myriad of ways Wall Street lies, cheats, steals and defrauds on a routine basis.

Financial Crisis Report

Unfortunately, it’s too technical to get widely read. So the following Cliff Notes version comes from Les Leopold.  His text follows:

"This study, broken into four case studies, forms a biblical tale of how toxic mortgages were born, nurtured and spread like the plague throughout the land, making money for the financial philistines every step of the way.  

Friday, April 22, 2011

Comments from a college student.

Michael is currently a Junior at Temple University's Boyer School. He wrote the following comments and suggested to me that they might make a good post on my blog.  He is right, so his comments are below:

It's easier for society as a whole to share the burden than to put it on each person individually. Simple logic actually. Fiscal Conservatism is fundamentally flawed because of the increases in technology paired with the decrease in cost of technology. Because the potential quality of life for each person can increase so quickly and cheaply on the whole, a belief that one cannot progressively create programs for a nation as a whole to enjoy under an umbrella of equality is utterly false. Health care is a good example, i.e. in Canada.

Thursday, March 17, 2011

Fox News is The Ministry of Truth for Big Brother. Welcome to the Orwellian world.

Fox News is a dangerous organization; that is, if you care about the objective truth. We are living in the world descibed in George Orwell's book "1984".  Except reality is playing out a little differently than the book.  Instead of the government controlling everything, things are actually reversed.  Fox News is the Ministry of Truth, and large corporations are acting as a collective Big Brother.