The past 30-40 decades the middle and lower classes have seen little adjusted income increase despite the nation gaining in wealth.
Off-shoring is raping the middle class as well.
The rest should be privatized because a healthy market competition always brings lower prices and higher quality at the same time. We can see this in that sectors of the economy which are free of state intervention.
Such a monopoly of a few companies can exist only if it's supported by the state. In a free market such a situation is impossible, because competition will show up almost instantly, when it senses an occasion to make money for selling something for a cheaper prize.GarryB wrote:Where independent companies in a market will decide on a price for their product and set prices based on profit rather than value for mo
As Sa'iqa wrote:The title of this topic is misleading. The article says that 4 out of 5 US adults struggle with poverty and joblessness for at least part of their lives. So it includes all people who were unemployed/poor at some point of time, even for a week or so.
But the article itself is right, the situation is dire.
Such a monopoly of a few companies can exist only if it's supported by the state. In a free market such a situation is impossible, because competition will show up almost instantly, when it senses an occasion to make money for selling something for a cheaper prize.
I think that an dieal example of how free market works can be seen in IT and telecommunications. Look at cell phones for example - in just 30 or so years they went from being a luxury for a few to being ubiquitous to the point that models from just 7-8 years ago are treated as waste. There are no government regulations regarding what a cell phone should or shouldn't have or any other socialist bullshit. And the market thrives and shows no signs of slowing down.
That's almost a law of physics that a more free society will always prevail over a less free one. Since Middle Ages the richest and fastest developing countries have always been the ones with the most free economy.
As Sa'iqa wrote:Today no country i the world is close to such level of economic freedom that USA had during XIX century. There was no income tax until 1910 or so, no concessions for resources etc. And it was the greatest period of American economy, with prosperity unrivaled elsewhere in the world. Then it gradually befggan to shift to an interventionist economy, first by creating The Federal Reserve and then during FDR's times (FDR also loved Stalin)
SSDD wrote:US will not collapse because in Soviet Union it was more like an empire, where people from Russian ethnicity was most important. Soviet union collapsed because it was a multi-ethnic country with many languages unlike US, in US there is only 1 culture and 1 dominant language, so US is not going to get splinted.
US should rather decrease it's MD stock and should close bases of Europe.
Werewolf wrote:SSDD wrote:US will not collapse because in Soviet Union it was more like an empire, where people from Russian ethnicity was most important. Soviet union collapsed because it was a multi-ethnic country with many languages unlike US, in US there is only 1 culture and 1 dominant language, so US is not going to get splinted.
US should rather decrease it's MD stock and should close bases of Europe.
Yes because in US you all only speak english, everybody, there are no latinos who speak spanish, no big part of asians, no europeans who didn't forgot their heritage all speak only english.
Wrong again, there is no such thing as american culture, cultures you have are different from spanish,asian,european and FYI Soviet Union had also one dominent language and unlike in US, everybody was capable of speaking russian in Soviet Union.
And your reason why Soviet Union has failed and why US will not, is such utterly ignorant nonsense. Soviet Union collapsed due economical reasons and not language or culture and same will happen to US, it is already a failure and will collapse in your very own lifetime and noone in rest of the world will feel pitty for US empire it will be a holidy for many people.
Despite various Capitalist and other US is still a democratic country, where free speech is allowed.
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