Conservatives should be afraid!

T.E.C. - Iowa About Frijole's comment "Gov't created this situation with various enormous laws that reduce marketplace competition and you're all for gov't controlling everything."

The government always controls the economy. If not fraud and more take over. Yet, the problem is not the government. The US government has been bought and paid for by the co...See MoreAbout Frijole's comment "Gov't created this situation with various enormous laws that reduce marketplace competition and you're all for gov't controlling everything."

The government always controls the economy. If not fraud and more take over. Yet, the problem is not the government. The US government has been bought and paid for by the corporations of this country and they are writing the laws to their advantage. The enemy is not the government. The enemy is the economic system that fosters the subversion of the democratic process in favor of rule by corporations.

Next Frijole wrote, "tec is still trying to deny the existence on inequality in nature while he admits over and over that it exists and isn't a product of capitalism."

No, there is inequality in nature. It is just that your economy system is not a product of nature. It is a human creation, and, as such, humans decide the level of suffering it will produce. This is why we have minimum wage laws, worker safety laws, and more. Your economy is a choice!

Frijole wrote, "You don't run economies, period." Well, I don't, but the government does. That is there job. That is why we have laws making certain economic activities illegal. Those laws shape the economy!

About free markets, Frijole wrote, "Its about limited resources and competition for those resources. Your ignorance of history is surpassed by your ignorance of science and economics."

Hey, I am the one quoting Nobel Laureates in economics, not you! Our current system uses competition up to a point. Then competition stops and we use other mechanisms such as rationing, subsidies, government ownership, and more to ensure people's basic needs are met.

For example, if the government stopped being involved in the health care industry, millions would be without insurance and would receive little or no health care. That is a problem for the whole country, so the government steps in. Sadly, our government is controlled by the insurance industry and more.

And finally this comment, "I'm not discussing the history of social mobility, I'm talking about the nature of inequality."

Well, you cannot talk about one without the other, because they are correlated. Have a look at the graph below. The horizontal axis is the Gini Coefficient and the vertical axis is the probability that a child's income will be similar to their parents.

No surprise that Germany, Sweden, and others have more social mobility. They offer basically free education.

http://blogs.worldbank.org/publicsphere/files/publicsphere/Johanna/ricardo-inequality-fig-1.png

Jun 14, 2017

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