RE: US govt cuts $4b a day...1 Feb 2025 17:39
Socialists do not understand economics?
'So you think people are 'hard' on spongers, flotsam, but can't see that it is people like you, being 'seemingly nice' you are making a vile society in doing so.
But I will never expect you to 'see' that, and I will never agree to your way of thinking because it is so very wrong.'
'The problem with socialism is that you eventually run out of spending other people's money.'
You trot old Maggies tired old line out and think you have won an argument and proven your economic intelligence?
Talk of people TRAPPED in poverty because of high rents, poor education, high food and energy costs and low wages as 'flotsam' and use the term 'vile' to describe a society not engineered by those people you refer to, but DELIBERATELY engineered to stack the odds against those people by Capitalists. Neoliberals like Hayek and his protegee Thatcher (who you so readily quote).
Capitalism is an economic system founded on colonial looting. It operates on a constantly shifting and SELF CONSUMING frontier, on which both state and and powerful private interests use their laws ,backed by the threat of violence, to turn SHARED RESOURCES into exclusive property, and to transform NATURAL WEALTH, LABOUR and MONEY into commodities that can be accumulated.
BOOM, BUST, QUIT is what Capitalism does. The ecological crises it causes, the social crisis IT causes , the productivity crises it causes are not perverse outcomes of the system.
They ARE the system.