Now the Economy in F---- Trouble

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Glaucon
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Re: Now the Economy in F---- Trouble

Postby Glaucon » Fri Jan 03, 2014 11:55 pm

Who said it had to be good for the economy? Corporate profits do tend to be good for stock prices, however.

And actually... both examples are supposed to be 'for the good of all' in the long run. In the first example, the US does what it does best (design and order stuff) and China does what it does bet (make stuff with workers liable to commit suicide if left without a net outside the window). In the second, wasteful labor (in shops) is cut, in favor of efficient online shopping. Ergo, productivity per working person goes up. Of course, most people are left without a job, but those that DO have one are really productive. So, in theory, if the demand was there, those 'freed' people could go and produce other goods or services.

It is the beautiful system called Capitalism.

(But feel free to blame Obama)
Jenny1919
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Re: Now the Economy in F---- Trouble

Postby Jenny1919 » Sat Jan 04, 2014 2:05 pm

Glaucon wrote:Of course, most people are left without a job, but those that DO have one are really productive. So, in theory, if the demand was there, those 'freed' people could go and produce other goods or services.

It is the beautiful system called Capitalism.

(But feel free to blame Obama)


Yes but if im unemployed how is that good for me if there are millions like me unemployed how is this good? yes there is welfare but why should i be dependent on the government that isn't freedom.. I really dont want them paying me to sit on my ass all day long or them telling me where to live

No, I dont blame obama either
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Leah
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Re: Now the Economy in F---- Trouble

Postby Leah » Sun Jan 05, 2014 4:50 pm

Jenny1919 wrote:
Glaucon wrote:Of course, most people are left without a job, but those that DO have one are really productive. So, in theory, if the demand was there, those 'freed' people could go and produce other goods or services.

It is the beautiful system called Capitalism.

(But feel free to blame Obama)


Yes but if im unemployed how is that good for me if there are millions like me unemployed how is this good? yes there is welfare but why should i be dependent on the government that isn't freedom.. I really dont want them paying me to sit on my ass all day long or them telling me where to live

No, I dont blame obama either


He isn't saying it's good for you. That was the point. It's not good for you - or the economy. But the health of the economy and corporate profits aren't always directly connected - that was his point.
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