re: OT-: Let's Talk Socialism

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Capitalism isn't without its faults however. Left unregulated the country becomes an oligarchy which one could make a case is what America is right now

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China isnt far from an oligarchy.
Russia isnt far from an oligarchy.

There are many forms of oligarchy

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Left unregulated

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Regulated in what way? Right to work? Income? What the frick do you want?

Just because you spend thousands and blow your parents money on a worthless degree, serving drinks, every night doesn’t mean ANYONE should give a shite about you.

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which one could make a case is what America is right now

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Just because the economy is succeeding and you’re not doesn’t mean it’s bad... you’re not doing something right.

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Just because you spend thousands and blow your parents money on a worthless degree, serving drinks, every night doesn’t mean ANYONE should give a shite about you.

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Have no idea what you're talking about

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Just because the economy is succeeding

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More like a paper tiger
78% of Americans work paycheck to paycheck
LINK /

And I don't think you know what an oligarchy is

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More like a paper tiger
78% of Americans work paycheck to paycheck

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Just like 3% are dying from the “Pandemic”...

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And I don't think you know what an oligarchy is

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Well considering socialism hinges on control... I best look the other way.

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Can one be a capitalist that agrees with common sense regulations against fraud and graft and the million other laws against corruption and exploitation? I'm here to learn.

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Define regulations. Depends on what you do and where you live I guess. If one Plumbing company is a 7.5 million dollar company and another is 500k... Should that company be defined as good at what they do or the other needs more training?

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properly regulated it's without a doubt the best system one could use.

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You do realize that most regulations favor the 800 pound gorillas of their industries? Intended or unintended... that is how it always works. Regulations usually hurt more than they help in terms of an equal opportunity for businesses.

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Left unregulated the country becomes an oligarchy which one could make a case is what America is right now

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I agree with you.

Take the housing crisis for example.

First, politicians should have never created a clearinghouse for shitty mortgages and encourage shitty lending.

Second, banks should’ve never been able to sell their loans and divorce themselves from taking shitty risks.

Third, Wall Street should’ve never been allowed to buy these shitty loans and bundle them into shitty securities without the regulators knowing what was in them and the risk they involved

Fourth, the Fed should’ve never manipulated money rates to where banks didn’t have to worry about their actual return on their high risk loans.

Fifth, the govt should’ve never bailed out everyone that was involved with peddling these shitty loans. Instead they should’ve backed depositors whose banks played with their money.

Sixth, the execs and BODs of everyone involved should’ve been liable for the money everyone lost due to this whole fiasco.

BUT people that couldn’t pay we’re getting houses and everyone in the chain (ie Oligarchs) were making money so we allowed this house of cards to almost bankrupt our entire system and bailed out the offenders.

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Take the housing crisis for example.

First, politicians should have never created a clearinghouse for shitty mortgages and encourage shitty lending.

Second, banks should’ve never been able to sell their loans and divorce themselves from taking shitty risks.

Third, Wall Street should’ve never been allowed to buy these shitty loans and bundle them into shitty securities without the regulators knowing what was in them and the risk they involved

Fourth, the Fed should’ve never manipulated money rates to where banks didn’t have to worry about their actual return on their high risk loans.

Fifth, the govt should’ve never bailed out everyone that was involved with peddling these shitty loans. Instead they should’ve backed depositors whose banks played with their money.

Sixth, the execs and BODs of everyone involved should’ve been liable for the money everyone lost due to this whole fiasco.

BUT people that couldn’t pay we’re getting houses and everyone in the chain (ie Oligarchs) were making money so we allowed this house of cards to almost bankrupt our entire system and bailed out the offenders.

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I need to get to my computer and get off my phone. You bring up a very interesting perspective. I’ll get to it tomorrow

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I mean America has a mix of capitalism and socialism and the European countries certainly do so no

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I was told that America's budget is like 35% military while all those socialist countries in Europe struggle to spend 1% on military, so America provides their global security as a relic of WWII and they get to provide all kinds of cool social programs instead of spending it on security. Is that right? It's just what I heard on Fox News. I would prefer to be corrected on this. As I said before, I'm here to learn.

My perspective is that simply capitalism works but the laws can’t be subverted by the rich and politicians. Im as free market as I gets but dawgfan is right in that we have essentially Oligarchs subverting and controlling the system.

Don’t get me started on the damage the Fed has done. They alone can be traced back to most problems we have.