Libertarian ping! To be added or removed from my ping list freepmail me or post a message here.put me down in the poorer part. since in my profession, I now have to compete with people in china and india - my salary growth is down the drain, I'm lucky to be able to keep my job frankly.
"Why was this capital invested here in the first place? The reason is that ~~~*property rights in the U.S. are secure,*~~~ taxes are reasonably low and predictable, corruption is minimal, and American workers are well trained and hard-working."
I take exception to the statement that our property rights are secure...the US Supreme court has gone a long way of putting the lie to that statement!
My friend had a very rude shock last week. In business for herself, she found that she owed additional taxes for the last quarter under the alternative minimum tax (AMT) law - which has apparently been unsuspended for 2006. She makes well under $100K!!! She thought some mistake had been made, but not so!
And our own Repub congress isn't looking to cut THIS new (for the middle class) tax anytime soon! This is a direct assault on the middle class, sole proprietors and small business people.
If one disdains markets, rails against the excesses of capitalism, prefers regulation from the state that stymies competition & growth in order to protect the consumer from being duped into 'unwise' value-purchasing decisions, watches CNN programming to get 'energized' and motivated to stop the skies from falling and, above all else, thinks that Senator Schumer makes a whole lot of sense on economic issues, then maybe the "conservative" label fits one all to well...conservative like 18th century Tories, that is!
Dobbs should quit faking it and either run for office or Geraldo's old job.
TechCentralStation is the absolute worst of the so called "conservative" web sites, worse than the WSJ op ed pages, worse than the Weekly Standard. The pundits have around a room temperature IQ it seems, just throwing down a bunch of cheap slogans.
That anyone can defend todays version of "free" trade, how it is practiced, how it is stripping the wealth and technological advantage of the US to other nations that are hostile to the US, how it is taking the US own economic destiny out of her hands, how "free" trade along with near unlimited immigration is going to turn the US into a poor copy of a European social democracy, just is beyond me.
A good read with some interesting responses.
There is NO rational reason to enslave American Consumers to defective, inefficient overpriced goods just to sooth the xenophobia of the Buchannites. All the nonsense about "sensitive military technology" is pure BS. The Military uses technology LONG beyond when the market does. They have to keep supply lines open for replacement parts on OLD technology. Some how the Protectionists have spun this Dept of the Military into a whole mythology about how we are shipping our Technological edge over seas. NO we are not.
Protectionism works in an INDUSTRIALIZING society like China or India where they have huge internal unmet economic demand. You can subsides you industry and cover the economic costs of Portectionims by the exploitation of the unmet demand in your economy. Protectionist polices are a disaster when ever tried in an mature economy. They simply protect inefficient or failed businesses from competition. All Protectionists do is enslave the consumer to corrupt unions, inefficient management and shoddy goods.
The Protectionists either need learn to live with the realities of Capitalism or admit their is NOTHING at all "Conservative" about their world view. The only difference between the Roberites and the Moveon.org Leftists is what they would use Big Govt to do.
It's called Capitalism. Time for those Freepers who spend all their time ranting about Economics to actually take some basic Econ course. Manufactured data, rationalizations and sloganeering may make the Protectionist feel better about themselves, it does NOT change the facts. There are winners and loser in the Economy. The trick is to evolve with it, not cling to a failed past screaming for someone in Govt to ride to your rescue like the Protectionist demand
Simply screaming "you cannot trust Govt figures" as the Protectionists do to drown out reality does not change their propaganda into fact.
entrepreneurs sweep in and create new capital, capital that never before existed
I'm dumb and I never took an economics course. Someone please tell me what it means to "create capital" and what "capital formation" is.
Libertarian ping! To be added or removed from my ping list freepmail me or post a message here.Poll to freep:
Do you believe Congress should first demand that our borders and ports be secured before taking up immigration reform?
http://www.cnn.com/CNN/Programs/lou.dobbs.tonight/
Then again, every job I have ever had has been created by free trade.
Better a Hyundai that runs than a Ford thats in the shop every week. To say nothing of the fact that the latter company now builds Sonatas in Kentucky.
Yea, and the real world adjusted for inflation income of the typical worker continues to decline... Only reason incomes household wise have increased is because now most are 2 vs 1 income households...and even with this, it is only BARELY grown over 1970...
Keep up this free trade crap and the only way households will break even will be by making Bigamy and Polygamy legal.