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floppyboo

(2,461 posts)
17. but more seriously
Thu Mar 14, 2019, 01:04 AM
Mar 2019

That kind of capitalist theory that you write about only works if there is a healthy consumer population. By driving prices down to help the consumer, the first and last to be on the chopping block is often the employee/consumer. So you shoot yourself in the foot.
There are some fun videos that explain the basic differences between Keynsian (think FDR-demand side) and Freidman (think Regan-supply side) economics.
They're both imperfect, but seems Keynes has the better track record for real (ie non-deficit) economic growth.

also - supply economics assumes fair competition. Fair competition requires regulation. It also assumes longevity (resource management/climate regulation) This is far from the label of socialism - but you're going to hear it over and over again as government takeover for the next 20 some months. Ugh!

If I were to vote in a presidential
primary today, I would vote for:
Undecided

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Latest Discussions»Retired Forums»Democratic Primaries»Human-Centered Capitalism»Reply #17