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re: Any takers for a discussion about “Marxian economics”?
Posted on 11/3/26 at 2:37 pm to LARancher1991
Posted on 11/3/26 at 2:37 pm to LARancher1991
quote:
He pointed out many situations in which socialism and communism could and did eventually fail.
You have to preface your posts with *SPOILER ALERT* since the OP reads books like Lebron James ...
Posted on 11/3/26 at 2:41 pm to Napoleon
quote:
Our poor are rich in the world stage.
and I’m the smartest and strongest woman that lives in my house. So what?
What do people think they are proving when they compare Americans living in America to strangers living in far away countries and continents?
Posted on 11/3/26 at 2:43 pm to 4cubbies
quote:Don't believe everything you read.
What about deindustrialization and the decline of wages?
Americans have never been richer, and they have rarely been angrier. Indeed, by nearly every objective measure of material flourishing, such as life expectancy, real income, hours worked to buy food and shelter, access to technology that did not exist a generation ago, the average American lives better than his grandparents did.
The mood does not match the record: Americans are better off yet deeply dissatisfied
Things can become more expensive in dollar terms while simultaneously becoming more affordable: Rethinking the Cost of Living
Time prices offer a clearer view of American abundance than wages or dollar prices alone: American Abundance Index
Posted on 11/3/26 at 2:44 pm to 4cubbies
quote:American Exceptionalism. Entrepreneurial success. It's why America maintains the most upwardly mobile society in history.
so what’s the real goal of privatization?
Eighty percent of US millionaires are new money. 72% of US billionaires are self-made. That number jumps to 93% in tech. TTBOMK, there is no other country even close to those numbers.
From a societal stance, think in terms of the jobs Walmart, Tesla, Amazon, etc. create. It is the diametric opposite of what a Saltman "utopia" would envision.
Posted on 11/3/26 at 2:44 pm to 4cubbies
quote:
and I’m the smartest and strongest woman that lives in my house. So what?
What do people think they are proving when they compare Americans living in America to strangers living in far away countries and continents?
Are you truly confused by that?
We have the richest wealthy people with the highest standard of living relative to their peers across the globe.
Same for the middle class.
Same for the American underclass.
You don't think that means anything in a discussion of economics?
Posted on 11/3/26 at 2:46 pm to ShrimperDan
quote:
And ironically the areas in which there are issues with income relative to prices are almost entirely areas with the most government interference. Healthcare and housing being the best examples.
What areas would have the least government interference? I’m having a hard time coming up with them. I’m thinking entertainment but that’s wildly inflated too imo.
Posted on 11/3/26 at 2:49 pm to David_DJS
quote:
You don't think that means anything in a discussion of economics?
I don’t think telling people who can’t afford housing that people in Somalia are living in huts has any relevance, no.
If someone can’t afford daycare, saying that someone in Uzbekistan doesn’t have running water won’t help.
This post was edited on 11/3/26 at 2:50 pm
Posted on 11/3/26 at 2:51 pm to 4cubbies
quote:The societal differential is in evidence. The question Saltman et al sidestep is "Why?"
What do people think they are proving when they compare Americans living in America to strangers living in far away countries and continents?
Are Americans somehow genetically superior? Do Americans inherently intellectually dwarf their global counterparts (from whom the vast majority of us are descended). Of course not!
So what accounts for the national differences?
Posted on 11/3/26 at 2:54 pm to 4cubbies
quote:
What do people think they are proving when they compare Americans living in America to strangers living in far away countries and continents?
Again, the dumbest follow up questions imaginable. You’re not looking for an explanation. You’re looking for validation of your worldview.
Posted on 11/3/26 at 2:55 pm to beerJeep
quote:
HIGHEST DISPOSABLE INCOME IN WORLD HISTORY
Yes, but i think the better criticism (not the Communist critique) is why are production gains not accruing for everyone?
Fo example - real GDP per capita has grown almost 110% over the last 50 years, but real median earnings have only increased 43%. If we include all income - meaning investment income and government transfers we still only see 45% growth in the median.
is that a feature of capitalism or is a bug in the particular economic path we chose?
Posted on 11/3/26 at 2:57 pm to 4cubbies
quote:The difference is in expectation ... and in floating signifiers like "afford" and "housing."
I don’t think telling people who can’t afford housing that people in Somalia are living in huts has any relevance, no.
What % of Americans could afford Italian-level middle class level dwellings, Austrian median quality housing, etc.? Even our underclass could afford that standard of housing. Their expectations are for something far better though. Because that is what the other guy with the greener yard lives in.
This post was edited on 11/3/26 at 2:59 pm
Posted on 11/3/26 at 2:59 pm to 4cubbies
quote:
What areas would have the least government interference? I’m having a hard time coming up with them. I’m thinking entertainment but that’s wildly inflated too imo.
Consumer goods are probably the best example of capitalism at work.
Prices of TVs, toys, clothes, appliances, furniture, etc have fallen substantially relative to income over time. These industries are largely left alone.
Contrasting TVs, where you can get a very capable device for an affordable price, with cars is particularly interesting given the dynamic of Asian imports. Overly interfering with the auto industry with tariffs on Asian imports and over regulation in the name of environmentalism only degraded the quality of our domestic autos and caused prices to skyrocket.
Posted on 11/3/26 at 3:00 pm to 4cubbies
quote:posting fatly
4cubbies
Posted on 11/3/26 at 3:02 pm to 4cubbies
Also like I previously stated there has never been a true communist or even socialist country. Mainly because the main stipulation that would need to exist for that to happen only exists in the economic theory and not in reality.
Posted on 11/3/26 at 3:05 pm to 4cubbies
quote:
What do people think they are proving when they compare Americans living in America to strangers living in far away countries and continents?
Uhhhh... how absurd it is to try to denigrate our economic system??
Posted on 11/3/26 at 3:09 pm to 4cubbies
I was an adjunct economics professor for 20 years. What do you want to discuss?
Posted on 11/3/26 at 3:10 pm to JimEverett
quote:
Yes, but i think the better criticism (not the Communist critique) is why are production gains not accruing for everyone? Fo example - real GDP per capita has grown almost 110% over the last 50 years, but real median earnings have only increased 43%. If we include all income - meaning investment income and government transfers we still only see 45% growth in the median. is that a feature of capitalism or is a bug in the particular economic path we chose?
You remember all those illegals being waved in as fast as they could run in? To compound in numbers with the ones already here?
Now what does supply do with demand? What does the cost of a product do when there is a glut in supply?
It was told, by people who actually could understand first day undergraduate economics, that an influx of illegals would suppress wages. Yet we still have people attacking capitalism for wage growth.... yet protesting the removal of illegal aliens.
Posted on 11/3/26 at 3:13 pm to 4cubbies
quote:
You’re using this line of questioning to demonstrate what? That employers should buy more tools and hire fewer workers?
No. It's simply to demonstrate the silliness of the argument from your OP image that repeats the tired idea that greater productivity today over the past represents an increase in the value of the worker.
Posted on 11/3/26 at 3:14 pm to 4cubbies
quote:
What do people think they are proving when they compare Americans living in America to strangers living in far away countries and continents
That it's no accident
Posted on 11/3/26 at 3:15 pm to LARancher1991
It’s actually 150 days that they worked per year but when you consider they had fun jobs like farming it probably didn’t even feel like work plus you always had a feast day to look forward to
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