I do know, after studying political economics, what socialism is, historically and culturally.
And Scandinavian countries are all socialistic. Iceland, most of all.
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Cornel West announces 2024 run for president as People’s Party candidate
- Thread starter Stevicus
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I do know, after studying political economics, what socialism is, historically and culturally.
And Scandinavian countries are all socialistic. Iceland, most of all.
You illustrated my point beautifully.
Capitalism = Socialism = Communism = Marxism = Feudalism = Hunter Gatherer = Slavery
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I believe in dualism.
Explain me the difference between Keynesian model and the Monetarist one.
Without using links or external stuff. Tell me the difference between these two macro-economics models. In your words.
Those terms have no agreed upon definitions.
So it's better to discuss details than to argue
over jargon.
I'll try to explain it to you in the simplest way possible.
The Keynesian model states that there is no potential product, since a country's production depends on the demand for goods and services, within a macroeconomic system. So through supply-side economics it is possible to align the demand with the overall supply of goods and services.
Inflation will depend on the variations of the demand and the supply, but only in the long run.
These kinds of economics are socialistic-like. Because the State uses its own power and resources to make the GDP align with the demand.
Monetarists, led by Friedman, used to say that inflation entirely depends on the variations of the money supply. So they state that if a State increases the public expenditure, by issuing more and more money, this will create inflation. This is based upon the (false) postulate according to which the agents of the monetary circuit like enterprises will increase the prices in the short run and in the medium run.
When it has been proven that it never happens. Inflation entirely depends on the shortage of goods and services. So if there is shortage, the enterprises will be forced to increase the prices to make the demand decrease.
The Monetarist thought and the Classical model are like a poison that poisoned our sacred, socialistic Europe.
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I disagree with your simplistic characterizations of each.
There are great economists and jurists that agree with me about Monetarism.
It's the evil root of neo-liberism: Milton Friedman, Hayek, Stiglitz.
I can explain it more clearly and more thoroughly in Italian, of course.
I can only imagine your "great economists"....
Marx, Hitler, Mussolini, Mao, AOC, etc.
Do you really believe that inflation strictly depends on the rise of money supply?
Please...
it's a postulate based upon nothing.
That is a poor way to begin question.
It presumes that I've stated such a belief.
Yet I haven't.
I've less time to post on RF today.
I don't want to waste it on pointless bickering.
Try offering interesting discussion.
He hasn't a chance to win. All he will do is take away votes from the more progressive democrats.
Heyo
Veteran Member
Called it: Cornel West announces 2024 run for president as People’s Party candidate
There is another effect: the dems will have to move to the left if they want to mitigate the damage.
It would be better if West ran for the Republican nomination.
Oh, the fireworks between him, DeSantis, & Trump.
Heyo
Veteran Member
:creative:
Since Cornel West wants to make free universal healthcare in the US...
why can't the United States have it?
The FED will print all the dollars the Government needs to fund it.
Free health care can arrive in many forms.
What does he advocate?
That worked so well in the Weimar Republic.The FED will print all the dollars the Government needs to fund it.
But...what a coincidence...in those same years Mussolini revalued the Lira and increased the public expenditure, by issuing more and more banknotes.
The German case was due to the unjust debt that Germany was forced to pay.
They printed so many Marks because of the American usurers that forced the Weimarer Republik to pay all that money.
Twilight Hue
Twilight, not bright nor dark, good nor bad.
OK what other forms of socialism are there, and who is the person responsible for creating socialism?
I maintain it all came from Marx and Lenin.
If one can't repay debts,
one shouldn't borrow.
The lender has the right
to be repaid.