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Socialism


asperity

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The type of society you idealists hanker after can only be achieved by coersion which leads to dictatorship and ultimately to an elite class lording it over the masses. Learn the lessons of history. I repeat, if it was so simple it would have already happened.

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It's never really been tried Asp; I'm sure Lenin and Mau set out with the best of intentions, but in the face of isolation by capitalist powers and internal anarchy, they became introverted and totalitarian, and their new elites became as corrupt as the old. Even the USA was founded on the principle " that all men are created equal", but they neglected to include native Americans, Blacks and Women at the time! As I suggest, the challenge is to create a constitutional framework that challenges the gravitation of power and wealth to an elite, and devolves it to the majority. The question is, are the majority interested in political engagement or are they happy to consign such things to a political class? :unsure:

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The government did NOT have to bail out the banks, they could (and in my opinion should) have let them go under. However the government bailout of the banks only made the already dire deficit worse. We shouldn't have been in a deficit situation at the time having had a period when the government should have been saving money not spending it like a Kirkcaldy drunk on a Saturday night.

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Won't argue with Governments trying to run a balanced budget - but it helps if that's done in better economic climates. However, allowing the Banks to collapse would imo have made matters worse for most folk. Just hope they don't sell the taxpayer's share back to the private sector at knock down prices. :shock:

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If the government hadn't saved the banks there would be no danger of the taxpayer's share being sold at a knock down price. Instead the private sector would have stepped in and bought the banks at a knock down price - market forces in action. You hold up the Tories agreement that the government was right to step in as a justification. But the Tories are politicians the same as the Labour government at the time, which makes them ill - equipped to make such a decision given that politicians are only good at one thing - spending other people's money. All the experts agree that if a bank or business is too big to be allowed to fail, then it's too big.

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I don't see anyone stepping in to save the 6500 jobs at Comet.... they will let it go bust and some other private sector companies will pick up whats left and make a go of it. The bad bits will be left to fail.

 

They could have done the same with the banks and the profitable high street stuff would have been rescued and the casino banking arms would have been discarded....

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I recall when all this started, the lines of "ordinary" folk outside Northern Rock, wondering if their money was still there. The problem was/is, that the Banks were allowed (by light touch regulation) to grow and venture from the high street into the casino of investment banking, and they became too big to fail. Now the Government are supposed to be splitting the two arms of banking and creating smaller high street banking chains, that in future would be allowed to fail. As for world of casino banking, well that's capitalism ain't it. :wink:

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Socialism - a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

 

Capitolism - An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.

 

Communism - A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members.

 

THE PROBLEM IS PEOPLE NOT THE SYSTEMS! <_<

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