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Very Hot Topic (More than 25 Replies) Ponzi Scheme Libertarianism (Read 994 times)
TowardLiberty
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Re: Ponzi Scheme Libertarianism
Reply #10 - Jun 8th, 2019 at 10:09am
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Frank1 wrote on Jun 8th, 2019 at 8:03am:
Undecided

You failed to address Patrick's point that there is more about the immigration issue than economics. But I am not surprised. Your chosen ideology gives you an extremely narrow field of vision, to say the least.

This thread is about economics, specifically.
  

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TowardLiberty
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Re: Ponzi Scheme Libertarianism
Reply #11 - Jun 8th, 2019 at 10:12am
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Limey. wrote on Jun 8th, 2019 at 9:47am:
One way in which capitalists keep profits high is paying lower wages.

Sure but that's not the source of profit. Surplus value is not a viable theory of profit.

There is no fixed pie.

  

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Frank1
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Re: Ponzi Scheme Libertarianism
Reply #12 - Jun 8th, 2019 at 10:12am
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TowardLiberty wrote on Jun 8th, 2019 at 10:09am:
This thread is about economics, specifically.


Is it?
  


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TowardLiberty
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Re: Ponzi Scheme Libertarianism
Reply #13 - Jun 8th, 2019 at 10:13am
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Frank1 wrote on Jun 8th, 2019 at 10:12am:
Is it?

Yep, look at the title, then look at the first post.

This thread is about the economics of immigration.
  

Open Trade, Open Borders, Taco Trucks on Every Corner

"It was the union of the anticapitalist forces of the Right and of the Left, the fusion of radical and conservative socialism, which drove out from Germany everything that was liberal.” F A Hayek
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TowardLiberty
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Re: Ponzi Scheme Libertarianism
Reply #14 - Jun 8th, 2019 at 10:25am
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Frank1 wrote on Jun 8th, 2019 at 8:03am:
Undecided
Your chosen ideology gives you an extremely narrow field of vision, to say the least.

A narrow ideology?

That's cute coming from someone who think moderns are a bunch of greedy, materialistic, disconnected, a-spiritual automatons just because we don't follow a traditionalist lifestyle.

You have a very narrow view of the transcendent and modern life, all driven by ideology, so I have to grin at your words above.

And by the way, economics is called the queen of the social sciences because it regularly poaches on the domain of all the others. That's not being narrow, if anything, it is the opposite.
« Last Edit: Jun 8th, 2019 at 4:49pm by TowardLiberty »  

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"It was the union of the anticapitalist forces of the Right and of the Left, the fusion of radical and conservative socialism, which drove out from Germany everything that was liberal.” F A Hayek
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Tannenberg
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Re: Ponzi Scheme Libertarianism
Reply #15 - Jun 8th, 2019 at 10:53pm
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Patrick's observation is on the mark.
It reminds of Adam Smith's ageless assertion that
"the self-interest of capitalists rarely, if ever, aligns
w/that of common people."
Our capitalists flunky's will do absolutely anything to
protect their wallets even if their actions threaten
the security our nation.
« Last Edit: Jun 8th, 2019 at 11:08pm by Tannenberg »  
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TowardLiberty
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Re: Ponzi Scheme Libertarianism
Reply #16 - Jun 8th, 2019 at 11:02pm
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Tannenberg wrote on Jun 8th, 2019 at 10:53pm:
Patrick's observation is on the mark.
It reminds of Adam Smith's ageless assertion that
the self-interest of capitalists rarely, if ever, aligns
w/that of common people.

That's precisely backward.

A major theme in Adam Smith's work is how market exchange incents us to serve each other, thereby aligning our interests in a grand symphony of production, exchange and consumption:

Quote:
The Theory Of Moral Sentiments, Part IV, Chapter I, pp.184-5, para. 10.

"Every individual... neither intends to promote the public interest, nor knows how much he is promoting it... he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention."

The Wealth Of Nations, Book IV, Chapter II, p. 456, para. 9.

"It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our necessities but of their advantages."
« Last Edit: Jun 8th, 2019 at 11:12pm by TowardLiberty »  

Open Trade, Open Borders, Taco Trucks on Every Corner

"It was the union of the anticapitalist forces of the Right and of the Left, the fusion of radical and conservative socialism, which drove out from Germany everything that was liberal.” F A Hayek
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Jasmine
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Re: Ponzi Scheme Libertarianism
Reply #17 - Jun 8th, 2019 at 11:22pm
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TowardLiberty wrote on Jun 8th, 2019 at 11:02pm:
That's precisely backward.

A major theme in Adam Smith's work is how market exchange incents us to serve each other, thereby aligning our interests in a grand symphony of production, exchange and consumption:


Do you think every individual is an asset to our economy? Or are some individuals actually detrimental to our economy?
  


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TowardLiberty
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Re: Ponzi Scheme Libertarianism
Reply #18 - Jun 8th, 2019 at 11:26pm
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Jasmine wrote on Jun 8th, 2019 at 11:22pm:
Do you think every individual is an asset to our economy? Or are some individuals actually detrimental to our economy?

Yes, in one way or another I do, aside from those who go around harming others.
  

Open Trade, Open Borders, Taco Trucks on Every Corner

"It was the union of the anticapitalist forces of the Right and of the Left, the fusion of radical and conservative socialism, which drove out from Germany everything that was liberal.” F A Hayek
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Jasmine
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Re: Ponzi Scheme Libertarianism
Reply #19 - Jun 8th, 2019 at 11:29pm
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TowardLiberty wrote on Jun 8th, 2019 at 11:26pm:
Yes, in one way or another I do, aside from those who go around harming others.

But what about people who don’t work? What if they rely on government welfare?

Aren’t they detriments to our economy?
  


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