>Implying we cannot larp as the anti-bolshevik patrol
Preposterous!
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by Great Minarchistan » Thu Feb 15, 2018 9:17 pm
by Dejanic » Fri Feb 16, 2018 7:26 am
by Republic of Europe » Fri Feb 16, 2018 7:33 am
by Great Minarchistan » Fri Feb 16, 2018 8:12 am
Republic of Europe wrote:Unrestricted capitalism is a bad thing. Generally, I support the Keynesian theory but I do want the government to return the welfare state. That's what I apply to my nation and instead of oppressing the 99%, I oppress the 1% with heavy taxation!
Republic of Europe wrote:And other ways that I do not with to talk about
by The North Remembers » Fri Feb 16, 2018 8:14 am
Valentine Z wrote:To be honest, I would love a hybrid between a socialist and a capitalist economy. Socialist as in maybe a high tax rate to maintain the free healthcare, public transport, and healthcare. And maybe to distribute the wealth evenly. It's totally not because I am jealous of millionaires or billionaires. I'm sure that what they did in the past earns them the cash.
But... seeing Rich Kids of Instagram/Snapchat is a totally different thing, I will say that much.
At the same time, maybe a healthy dose of capitalism; not too much, but enough to drive forward innovation.
by Plans Reple » Fri Feb 16, 2018 8:15 am
by The Sauganash Union » Fri Feb 16, 2018 8:21 am
by Cekoviu » Fri Feb 16, 2018 8:28 am
The Sauganash Union wrote:This seems as appropriate of a thread as any. I am an investment banking analyst. I work for one of the big, evil so-called "Wall Street firms" (though my office is in Midtown, and I'm currently in a hotel in the Midwest). I typically help more senior investment bankers advise transactions between middle market firms (valued at $500 million in annual revenues or less).
Ask me anything and tell me how I'm exploiting everyone.
by The Sauganash Union » Fri Feb 16, 2018 8:31 am
Cekoviu wrote:The Sauganash Union wrote:This seems as appropriate of a thread as any. I am an investment banking analyst. I work for one of the big, evil so-called "Wall Street firms" (though my office is in Midtown, and I'm currently in a hotel in the Midwest). I typically help more senior investment bankers advise transactions between middle market firms (valued at $500 million in annual revenues or less).
Ask me anything and tell me how I'm exploiting everyone.
You're exploiting everyone.
by Republic of Europe » Fri Feb 16, 2018 8:37 am
Great Minarchistan wrote:Republic of Europe wrote:Unrestricted capitalism is a bad thing. Generally, I support the Keynesian theory but I do want the government to return the welfare state. That's what I apply to my nation and instead of oppressing the 99%, I oppress the 1% with heavy taxation!
Keynesian economics typically lead to wealth concentration and a slowdown of the economy. I've been writing some notes on it.Republic of Europe wrote:And other ways that I do not with to talk about
Spooky.
by Great Minarchistan » Fri Feb 16, 2018 8:50 am
Plans Reple wrote:The so called "capitalist" system operated by Wall Street insures that 28% of the wealth of America stays in the hands of one person in one thousand -- 160,000 families among 320 million of us. It insures that over half the wealth in America (51%) stays in the hands of one person in one hundred (the famous 1%), that 75% is in the hands of 5% and 89% in the hands of 10%. Over 50% of us have, together, less than 1% of the wealth (stats from http://yourhomeworkhelp.org/do-my-statistics-homework/). A system that maintains such a distribution of wealth is a FAILURE. To claim that it "works" for anyone but one person in 100 is a preposterous lie -- false on the face of it. There is no good reason for ANY American to do ANYTHING but reject this criminal fraud which is destroying our country. It takes a heap of hired liars -- in the media and in the schools -- to prevent it. If a majority of people are waking up to the fact that our lives are being pillaged by a small gang of financial criminals, THANK GOD.
by Great Minarchistan » Fri Feb 16, 2018 8:53 am
Republic of Europe wrote:Keynes was right about one thing: without market regulations, you create a bubble that when it blows, it will take your nation, your allies and those who import from you down. Wealth concentration should be allowed but a good system that will allow the 1% to contribute is the one that took place in Ancient Athens: the rich citizens were forced to pay for various events, ship equipment, sports and in return, the state would offer them a statue. Those who did not comply were seen with suspicion and were avoided by the general public. I guess this could work on nations that are financially weaker, with contributions of the 1% to lower the national debt, purchase more military equipment and build infrastructure that would belong to the state.
by The Empire of Pretantia » Fri Feb 16, 2018 9:30 am
by Rostavykhan » Fri Feb 16, 2018 9:33 am
by Aillyria » Fri Feb 16, 2018 9:52 am
Conserative Morality wrote:If RWDT were Romans, who would they be?
......
Aillyria would be Claudius. Temper + unwillingness to suffer fools + supporter of the P E O P L E + traditional legalist
West Oros wrote:GOD DAMMIT! I thought you wouldn't be here.
Well you aren't a real socialist. Just a sociopath disguised as one.
Not to mention that this thread split off from LWDT, so I assumed you would think this thread was a "revisionist hellhole".
by Ostroeuropa » Fri Feb 16, 2018 9:57 am
by Ostroeuropa » Fri Feb 16, 2018 10:03 am
The Sauganash Union wrote:This seems as appropriate of a thread as any. I am an investment banking analyst. I work for one of the big, evil so-called "Wall Street firms" (though my office is in Midtown, and I'm currently in a hotel in the Midwest). I typically help more senior investment bankers advise transactions between middle market firms (valued at $500 million in annual revenues or less).
Ask me anything and tell me how I'm exploiting everyone.
by Aillyria » Fri Feb 16, 2018 10:08 am
Ostroeuropa wrote:Dejanic wrote:#Acting as if anti Capitalists, never mind revolutionaries are a majority on NS.
The Left is dead on this forum.
I'd say the overwhelming majority are against neoliberal or libertarian capitalism. Protectionists and Nationalist capitalists make up a sizable portion of the capitalists on the forum. Then you've got more straight up anti-capitalists on the far-right, dissident left, and progressive left.
The problem is that progressives routinely lump in the dissident left as being far-right, and if you do that, then yes, the left is dead on the forum because progressivism is a bankrupt ideology that can't propagate effectively in free speech zones, so there's only a handful of progressive leftists.
If you include the dissident left, i'd say you've got a sizable portion of the forum on the left, perhaps approaching 50%.
Conserative Morality wrote:If RWDT were Romans, who would they be?
......
Aillyria would be Claudius. Temper + unwillingness to suffer fools + supporter of the P E O P L E + traditional legalist
West Oros wrote:GOD DAMMIT! I thought you wouldn't be here.
Well you aren't a real socialist. Just a sociopath disguised as one.
Not to mention that this thread split off from LWDT, so I assumed you would think this thread was a "revisionist hellhole".
by The Sauganash Union » Fri Feb 16, 2018 10:14 am
Ostroeuropa wrote:The Sauganash Union wrote:This seems as appropriate of a thread as any. I am an investment banking analyst. I work for one of the big, evil so-called "Wall Street firms" (though my office is in Midtown, and I'm currently in a hotel in the Midwest). I typically help more senior investment bankers advise transactions between middle market firms (valued at $500 million in annual revenues or less).
Ask me anything and tell me how I'm exploiting everyone.
What is the justification for the high salaries some of these firms give, given the existence of the Bailouts?
Ostroeuropa wrote:Do you think it would have been better to let some firms tank and their employees lose their jobs, rather than give over taxpayer money to financial institutions who then handed it out in bonuses and such to people?
Ostroeuropa wrote:Should the welfare of the public be sacrificed to ensure a no-risk environment for financiers?
Ostroeuropa wrote:And if there is no risk, whence the justification for their money?
Ostroeuropa wrote:If the economy needed a financial injection following the crash, why was that financial injection not given to firms which performed well and the poor performing firms allowed to tank and fail?
by Ostroeuropa » Fri Feb 16, 2018 10:14 am
The Sauganash Union wrote:Ostroeuropa wrote:
What is the justification for the high salaries some of these firms give, given the existence of the Bailouts?
Compensation for working 100 hours a week and not being able to invest ourselves. The increase in pay as you rise and end-year bonuses are incentives to increase performance (there's little job security in the industry, so the large pay helps make it worthwhile).Ostroeuropa wrote:Do you think it would have been better to let some firms tank and their employees lose their jobs, rather than give over taxpayer money to financial institutions who then handed it out in bonuses and such to people?
Letting the failing firms tank would've been the wise thing to do. If they fuck up, they deserve to fall.
However, the bonuses are entitled to the bankers who earned them, as bonuses are in their employment contracts. They'd be able to sue if they weren't paid them.Ostroeuropa wrote:Should the welfare of the public be sacrificed to ensure a no-risk environment for financiers?
Hell no.Ostroeuropa wrote:And if there is no risk, whence the justification for their money?
Exactly. The government bailing everyone out removes the risk, and kind of makes the whole thing pointless. Might as well abolish all jobs and have the government just send you a check in the mail.Ostroeuropa wrote:If the economy needed a financial injection following the crash, why was that financial injection not given to firms which performed well and the poor performing firms allowed to tank and fail?
Giving money to powerful firms is a very egregious form of corruption. There's too much potential for conflicts of interest for me to be okay with that.
Giving capital to the poor performing firms is stupid.
I'd prefer neither.
by Hanyata » Fri Feb 16, 2018 2:12 pm
by West Leas Oros » Sat Feb 17, 2018 2:05 pm
The North Remembers wrote:Valentine Z wrote:To be honest, I would love a hybrid between a socialist and a capitalist economy. Socialist as in maybe a high tax rate to maintain the free healthcare, public transport, and healthcare. And maybe to distribute the wealth evenly. It's totally not because I am jealous of millionaires or billionaires. I'm sure that what they did in the past earns them the cash.
But... seeing Rich Kids of Instagram/Snapchat is a totally different thing, I will say that much.
At the same time, maybe a healthy dose of capitalism; not too much, but enough to drive forward innovation.
I think that is the right approach. It's like a bipartisan solution that no one for some reason in the seat of power can come up with or understand it.
The Xenopolis Confederation wrote:Oros, no. Please. You were the chosen one. You were meant to debunk the tankies, not join them. Bring balance to the left, not leave it in darkness.
WLO Public News: Protest turns violent as Orosian Anarchists burn building. 2 found dead, 8 injured. Investigation continues.
by Aillyria » Sun Feb 18, 2018 2:46 am
Valentine Z wrote:To be honest, I would love a hybrid between a socialist and a capitalist economy. Socialist as in maybe a high tax rate to maintain the free healthcare, public transport, and healthcare. And maybe to distribute the wealth evenly. It's totally not because I am jealous of millionaires or billionaires. I'm sure that what they did in the past earns them the cash.
But... seeing Rich Kids of Instagram/Snapchat is a totally different thing, I will say that much.
At the same time, maybe a healthy dose of capitalism; not too much, but enough to drive forward innovation.
Conserative Morality wrote:If RWDT were Romans, who would they be?
......
Aillyria would be Claudius. Temper + unwillingness to suffer fools + supporter of the P E O P L E + traditional legalist
West Oros wrote:GOD DAMMIT! I thought you wouldn't be here.
Well you aren't a real socialist. Just a sociopath disguised as one.
Not to mention that this thread split off from LWDT, so I assumed you would think this thread was a "revisionist hellhole".
by Manokan Republic » Sun Feb 18, 2018 2:55 am
Aillyria wrote:Valentine Z wrote:To be honest, I would love a hybrid between a socialist and a capitalist economy. Socialist as in maybe a high tax rate to maintain the free healthcare, public transport, and healthcare. And maybe to distribute the wealth evenly. It's totally not because I am jealous of millionaires or billionaires. I'm sure that what they did in the past earns them the cash.
But... seeing Rich Kids of Instagram/Snapchat is a totally different thing, I will say that much.
At the same time, maybe a healthy dose of capitalism; not too much, but enough to drive forward innovation.
There can be no hybridization between socialism and capitalism, they are mutually exclusive concepts. Socialism and Capitalism aren't on a spectrum, there's no "more or less" of either. A system is either one or the other, full stop.
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