M.J. Its hardly socialism when 700 billion is handed out to institutions which exist to serve the interests of a few. This hasn't come about becuase of socialism and this government intervention isn't socialism either.
On Sep 30, 12:00 pm, Frank <[EMAIL PROTECTED]> wrote: > I find it curious that you provide nothing substantive ... you offer > no refutation of the words, concepts nor ideas presented ... > > You are as delirious as Gaar. First of all not one of the idiotic > posts that you put up contains a single scrap of economic analysis, > nothing at all. The proof of the pudding is in the eating. My outcomes > are being realized in the cold hard light of day. If you want evidence > on how I have come to the correct conclusion, read Das Kapital, What > do you want me to do read it to you. > > I have posted many articles by the SEP providing emperical evidence, > figures and outcomes. You choose to ignore them. > > Here are just a few. Start reading. (wsws.org) > > 8 September 2008 > Europe gripped by fear of global crash > > The American "financial tsunami" hits Asia > > 17 September 2008 > US Federal Reserve announces $85 billion bailout of insurance giant > AIG > > Illinois prepares wide-ranging budget cuts > > 16 September 2008 > The Wall Street crisis and the failure of American capitalism > > More US corporate bailouts on the way > > 12 September 2008 > US bailout of mortgage giants sets stage for wider financial crisis > > 10 September 2008 > Record corporate bailout reveals the bankruptcy of American capitalism > > 8 September 2008 > US government takes over mortgage giants to stave off financial > meltdown > > 8 August 2008 > The origins of the subprime market > > 6 August 2008 > Oil giants report massive profits > > 31 July 2008 > Global trade talks collapse > > 9 July 2008 > G8 summit marked by impotence and division > > 5 July 2008 > A socialist answer to the global rise in gas prices > > 1 July 2008 > Bank for International Settlements annual report > World economy may be at "tipping point" > > 30 June 2008 > Fed minutes show extent of Bear Stearns crisis > > 27 June 2008 > US Fed caught in global turbulence > > 13 June 2008 > Two truck drivers killed as European and Asian fuel protests spread > > 2 June 2008 > Fuel price protests spread across Europe > > 10 June 2008 > The world food crisis and the capitalist market > Part Three > > 9 June 2008 > The world food crisis and the capitalist market > Part Two > > 7 June 2008 > The world food crisis and the capitalist market > Part One > > 2 May 2008 > Agricultural corporations boast huge profits in midst of food crisis > > 19 April 2008 > IMF and OECD: Europe will be hit hard by US recession > > 18 April 2008 > Shades of 1929: the global implications of the US banking collapse > Part 3 > > 17 April 2008 > Shades of 1929: the global implications of the US banking collapse > Part 2 > > 16 April 2008 > Shades of 1929: the global implications of the US banking collapse > Part 1 > > 29 March 2008 > Global food prices rise and famine increases > > 22 March 2008 > US financial crisis fuels social unrest Workers protest rising prices > in UAE, Egypt > > 20 March 2008 > Asian economies hit by US financial crisis and slowdown > > 18 March 2008 > Shades of 1929: Bear Stearns collapse signals deepest crisis since > Great Depression > > 5 March 2008 > Oil-linked inflation destabilizes Africa, Middle East > > 3 March 2008 > Letters on review of Naomi Klein's The Shock Doctrine > > 1 March 2008 > BMW axes 8,100 jobs to increase profits > > 28 February 2008 > A superficial analysis of global capitalism--Part 2 > The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein, > Allen Lane: 2007 > > 27 February 2008 > Mining firms impose huge price hike on Chinese steelmakers: a sign of > global inflation > > A superficial analysis of global capitalism--Part 1 > The Shock Doctrine: The Rise of Disaster Capitalism by Naomi Klein, > Allen Lane: 2007 > > 25 February 2008 > Food prices continue to rise worldwide > > 20 February 2008 > Sino-Australian relations complicated by BHP's attempted merger with > Rio Tinto > > 5 February 2008 > The world crisis of capitalism and the prospects for socialism--Part > five > > 4 February 2008 > The world crisis of capitalism and the prospects for socialism--Part > four > > 2 February 2008 > The world crisis of capitalism and the prospects for socialism--Part > three > > 1 February 2008 > The world crisis of capitalism and the prospects for socialism--Part > two > > 31 January 2008 > The world crisis of capitalism and the prospects for socialism--Part > one > > 24 January 2008 > US recession fears provoke continued market turmoil > > 23 January 2008 > US cuts interest rates amid fears of global financial collapse > > 22 January 2008 > Threat of US recession panics global stock markets > > 13 December 2007 > Central banks coordinate actions amid fears of a global financial > breakdown > > 7 December 2007 > Amid global financial instability: China-EU trade tensions intensify > > 23 October 2007 > G7 meetings highlight deepening problems for US and world economy > > 22 October 2007 > IMF growth forecast not as good as it looks > > 3 October 2007 > Markets continue to rise but US dollar slides > > 20 September 2007 > Contradictions mount in US and world economy in wake of Fed rate cut > > 19 September 2007 > US Fed rate cut fires up Wall Street > > 17 September 2007 > Credit crisis spreads as British bank collapses > > 8 September 2007 > Prospects for US recession increase as jobs report shows first decline > in four years > > 7 September 2007 > World economy: Credit crunch could bring recession > > 5 September 2007 > German bank loss only the start > > 3 September 2007 > US housing crisis could spark serious economic downturn > > 30 August 2007 > World economy: Financial crisis exposes market myths > > 24 August 2007 > World economy: Credit crunch fallout begins to spread > > 20 August 2007 > Credit crisis claims another bank > > 18 August 2007 > Fed moves to halt market meltdown > > 17 August 2007 > Wild gyrations on world markets > > 16 August 2007 > Millions of toxic toys recalled: The nightmarish reality of global > capitalism > > 13 August 2007 > Worldwide market panic compels central banks to intervene > > 10 August 2007 > Credit fears spark stock market plunge > > 2 August 2007 > Bursting of credit bubble underlies stock market turbulence > > 31 July 2007 > Global credit crisis fuels stock market turmoil > > 24 April 2007 > After strong growth, world economy at a "turning point" > > 12 April 2007 > US steps up trade pressure on China > > 2 March 2007 > Wild swings on Wall Street > > 28 February 2007 > Global markets slide after China sell-off > > 3 February 2007 > Big oil companies post record profits for 2006 > > 21 November 2006 > Milton Friedman 1912-2006: "Free market" architect of social reaction > > 8 November 2006 > The crisis of US imperialism in historical perspective > > 4 October 2006 > The multi-billion dollar demise of hedge fund Amaranth > > 18 August 2006 > Warnings of a US recession and global slowdown > > 26 July 2006 > Bitter recriminations as trade talks collapse > > 30 June 2006 > Bankers' bank puzzles over state of world economy > > 24 June 2006 > Global markets stabilise but risks increase > > 17 June 2006 > Global market slide may have further to go > > 9 May 2006 > Asian growth rates rise but employment problems deepen > > 25 April 2006 > Global growth rates rise, but the foundations are shaky > > 14 March 2006 > Bank of Japan policy shift will have global impact > > 2 March 2006 > WSWS International Editorial Board meeting > Nick Beams: Report on world economy in 2006--Part Three > > 1 March 2006 > WSWS International Editorial Board meeting > Nick Beams: Report on world economy in 2006--Part Two > > 28 February 2006 > WSWS International Editorial Board meeting > Nick Beams: Report on the world economy in 2006--Part One > > 14 February 2006 > US trade gap hits another record > > 1 February 2006 > The legacy of US Fed chairman Greenspan > > 19 December 2005 > WTO talks keep trade round on life support > > 12 December 2005 > WTO trade talks head for a stalemate > > 29 July 2005 > China's yuan revaluation a response to increased US pressure > > 21 July 2005 > Greenspan points to "significant uncertainties" in US economy > > 5 July 2005 > A warning to the G-8 from the bankers' bank > > 14 June 2005 > Global interest rate "conundrum" recalls the 1930s > > 30 May 2005 > World economy becoming more dependent on US debt > > 26 May 2005 > OECD warns time is "running out" to correct global imbalances > > 23 May 2005 > US indebtedness a growing threat to global stability > > 17 May 2005 > Clouds gather over world economy > > 2 May 2005 > US growth rate points to global downturn > > 18 April 2005 > World markets expecting further falls > > 12 April 2005 > Global financial system faces growing risks > > 22 December 2004 > Dollar devaluation cannot right the US economy > > 8 December 2004 > Question mark over US dollar's global role > > 29 November 2004 > US dollar slide continues > > 23 November 2004 > US dollar slide to continue after G20 meeting > > 18 November 2004 > US dollar slide increases global tensions > > 8 November 2004 > US debt ceiling to be lifted > > 16 June 2004 > The growing irrelevance of the G8 summit > > 9 June 2004 > US Fed set to lift rates > > 17 May 2004 > Global recovery could be short lived > > 5 May 2004 > China "overheating" spells trouble for world economy > > 22 April 2004 > Proceed carefully with interest rate rise, IMF warns > > 14 April 2004 > Marxism and the political economy of Paul Sweezy > Part 7: The socialist revolution > > 13 April 2004 > Marxism and the political economy of Paul Sweezy > Part 6: Writing off the working class > > 12 April 2004 > Marxism and the political economy of Paul Sweezy > Part 5: "The tendency of the surplus to rise" > > 9 April 2004 > Marxism and the political economy of Paul Sweezy > Part 4: Monopoly Capital > > 8 April 2004 > Marxism and the political economy of Paul Sweezy > Part 3: The breakdown theory > > 7 April 2004 > Marxism and the political economy of Paul Sweezy > Part 2: The Theory of Capitalist Development > > 6 April 2004 > Marxism and the political economy of Paul Sweezy > Part 1: Early influences > > 1 April 2004 > Banker's speech points to global problems > > 15 March 2004 > US trade gap highlights rising debt burden > > 9 February 2004 > G7 papers over growing problems > > 12 January 2004 > IMF delivers strong warning on growth of US debt > > 6 January 2004 > The Parmalat scandal: Europe's ten-billion euro black hole > > 3 January 2004 > World economy: No smooth path to growth in 2004 > > 25 November 2003 > Whither the US dollar? > > On Sep 30, 8:47 pm, Frank <[EMAIL PROTECTED]> wrote:> I have not arrived at a > contradiction in my thoughts, I quite clearly > > stated that capitalism is a system of contradictions. Therefore what > > Alyssa Rosenbaum is absolutely correct > > > To arrive at a contradiction is to confess an error in one's > > thinking (in this case it is the contradiction of a system, not a > > thought); to maintain a contradiction is to abdicate one's > > mind and to evict oneself from the realm of reality. -- Alyssa > > Rosenbaum > > > Once again you place the noose around your own neck. > > > On Sep 30, 2:34 pm, "M.A. Johnson" <[EMAIL PROTECTED]> wrote: > > > > Frank > > > It works until the contradictions of capitalism erode the living > > > standards of the workers to the point that they can no longer > > > purchase the wants they have been convinced they that need. > > > This is precisely the point at which we have arrived. > > > > MJ > > > Do identify and explain these so-called "contradictions" of > > > capitalism. > > > > These religious tenets of yours are quite amusing -- that you > > > consistently fail to support them is far more telling. > > > > Regard$, > > > --MJ > > > > To arrive at a contradiction is to confess an error in one's > > > thinking; to maintain a contradiction is to abdicate one's > > > mind and to evict oneself from the realm of reality. -- Alyssa Rosenbaum --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. 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