What on Earth is going on in the world today? It's gone mad

[Federberg]

Imbecile, read this https://www.britannica.com/topic/capitalism

Really? A link? You can’t even string a few words together? Oh OTM...

 

[britbox]

Imbecile, read this https://www.britannica.com/topic/capitalism

That's just one definition of capitalism. The point wasn't about the definition of capitalism, it was about the current perverted model not actually being true capitalism.

With true capitalism, loads of banks would have folded in 2008... they were bailed out by the taxpayer... the average joe on the street... so yes, it was in way a strange perversion of social rescue... Real capitalism means you pay when you lose your chips.

 

[Obsi]

Really? A link? You can’t even string a few words together? Oh OTM...

I don’t need to express in my own words something if it’s unnecessary. You imbecile.

That's just one definition of capitalism. The point wasn't about the definition of capitalism, it was about the current perverted model not actually being true capitalism.

With true capitalism, loads of banks would have folded in 2008... they were bailed out by the taxpayer... the average joe on the street... so yes, it was in way a strange perversion of social rescue... Real capitalism means you pay when you lose your chips.

I’d rather trust Britannica than you.

 

[britbox]

I don’t need to express in my own words something if it’s unnecessary. You imbecile.



I’d rather trust Britannica than you.

Well, look up Britannica's definition of a cat (which I'm sure will probably be correct). Doesn't make it applicable to a goldfish.

 

[Nekro]

That's just one definition of capitalism. The point wasn't about the definition of capitalism, it was about the current perverted model not actually being true capitalism.

With true capitalism, loads of banks would have folded in 2008... they were bailed out by the taxpayer... the average joe on the street... so yes, it was in way a strange perversion of social rescue... Real capitalism means you pay when you lose your chips.

Well, some experts kinda agree with what Obsi is saying....... Ofc "a perversion of socialism" can be whatever you want it to be... So it's hard to prove Federberg's "definition" wrong, it's so obscure lol, on the other hand we can't say either Obsi's completely wrong when he says it smells like bullpoo...

Socialism vs. the government bailout of capitalism

"The claim that the Wall Street bailout is a socialist measure is absurd on its face. Paulson, the former CEO of Goldman Sachs, who has an estimated personal fortune of $700 million and is a member of the most right-wing administration in US history, has authored a bill that will ultimately divert trillions of dollars to the coffers of the biggest banks in the land. This is socialist?

Such claims display a combination of stupidity and deceit. Those who make them rely on the low level of historical knowledge and political understanding among the American people, for which the population is not to blame. It is the product of the decades-long promotion of political reaction and celebration of the most backward ideologies and conceptions-including hostility toward science-along with the gutting of public education."


That article is a good read btw no matter who you agree with

 

[Obsi]

Well, look up Britannica's definition of a cat (which I'm sure will probably be correct). Doesn't make it applicable to a goldfish.

So?

 

[Federberg]

I don’t need to express in my own words something if it’s unnecessary. You imbecile.



I’d rather trust Britannica than you.

 

[Federberg]

So?

I don't mean this as an insult, but... how old are you really? If you can't properly construct your own argument yet because you haven't completed your schooling then I sincerely apologise for calling you a moron previously. I honestly want to know... how old are you?

 

[Obsi]

you can't properly construct your own argument

Sometimes, posting just a link is sufficient. You can’t understand it because you’re imbecile.

 

[Federberg]

Sometimes, posting just a link is sufficient. You can’t understand it because you’re imbecile.

Thanks for the response. I named you well as Obsi the Moron.. OTM. We all know what capitalism is supposed to be. That's not the issue you miserable delinquent . What is at issue is what type of system is being run in the United States. Actually frankly what type of system do we have in developed economies at the moment? It's not capitalism, those who take the biggest risks are protected from calamitous failure while the average person, the middle class if you will is asked to take on the burden of subsidising the failures of the rich. Study hard OTM, study hard. I will no longer be ashamed on your behalf, but I confess I'll still continue to feel embarassed for you

 

[Obsi]

Thanks for the response. I named you well as Obsi the Moron.. OTM. We all know what capitalism is supposed to be. That's not the issue you miserable delinquent . What is at issue is what type of system is being run in the United States. Actually frankly what type of system do we have in developed economies at the moment? It's not capitalism, those who take the biggest risks are protected from calamitous failure while the average person, the middle class if you will is asked to take on the burden of subsidising the failures of the rich. Study hard OTM, study hard. I will no longer be ashamed on your behalf, but I confess I'll still continue to feel embarassed for you

The Encyclopædia Britannica says we have capitalism in developed economies now. The more discussions I have with you, the more I’m convinced you’re an imbecile.

 

[Federberg]

The Encyclopædia Britannica says we have capitalism in developed economies now. The more discussions I have with you, the more I’m convinced you’re an imbecile.

You know why I know you're a moron?

...the fact you don't even know you're a moron

 

[britbox]

The Encyclopædia Britannica says we have capitalism in developed economies now. The more discussions I have with you, the more I’m convinced you’re an imbecile.

What does the Encyclopædia Britannica say about taxpayers bailing out banks, insurance companies etc... and how that fits in with capitalism? More importantly, what's your opinion on it?

 

[Obsi]

You know why I know you're a moron?

...the fact you don't even know you're a moron

You’re an imbecile and a scumbag. There are imbeciles who are good people.

What does the Encyclopædia Britannica say about taxpayers bailing out banks, insurance companies etc... and how that fits in with capitalism?

You have your own definition of capitalism and Britannica doesn’t. Britannica is an encyclopaedia and you know what encyclopaedias do. There is a consensus among scholars what is the definition and it’s different to yours.

More importantly, what's your opinion on it?

It’s nonsense to say that the USA doesn’t have capitalism.

 

[Federberg]

 

[Obsi]

You’re trying to hide your anger.

 

[Federberg]

You’re trying to hide your anger.

Yes mate. I'm furious that you are consistently unable to formulate a rational argument. I'm furious that you resort to browsing the internet in lieu of making a contribution. I'm furious that even when others ask you to actually say something that makes sense you consistently fail to do so. I'm so furious! I'm not laughing at you at all. Somehow your abject ignorance and stupidity affects me so personally that I get upset about it. Yes... that must be it!

 

[Obsi]

Yes mate. I'm furious that you are consistently unable to formulate a rational argument. I'm furious that you resort to browsing the internet in lieu of making a contribution. I'm furious that even when others ask you to actually say something that makes sense you consistently fail to do so. I'm so furious! I'm not laughing at you at all. Somehow your abject ignorance and stupidity affects me so personally that I get upset about it. Yes... that must be it!

You’re angry because I’ve been following you around. The punishment has affected your mind undoubtedly.

 

[Nekro]

The funny thing is that you can hardly find people who say it's a socialist measure........

"Bailout is nothing but crony-ism. It is a politicians word to support people who finance their elections. If you commit mistake no government will bail you out. But if one of their industrialist friends asks for one government will run for their help.
Capitalism : It is free market. Free market has no place for bailouts. Bankruptcies are part and parcel of free market.
Socialism : Govt. takes care of its people not of big firms.
Communism : There would be no need of bail out. Everything is run and controlled by state.
Whenever someone says that there are some too big to fail entities I feel like smacking them in face. It is ridiculous. By bailing out few people you are setting a very wrong precedent and giving out the wrong message. Ideally poorly performing entities should be allowed to fail and let the fittest prevail. That is the natural course of order.
In short
Bailouts are anti meritocratic, anti capitalist, anti people, anti socialist, anti market forces, immoral."


Neither. Bailouts are symptomatic of systemic kleptocracy.
Heads they win, tails we lose.


Bailouts are none. They are political, not economic. In a socialist or communist country the bailout could be ongoing (businesses that cost more in production than they make in income). In a capitalist country they are more symptomatic of businesses making bad decisions and politicians worrying about what that will mean to the economy. It has more to do with appearances than actual impact.


Bailouts are Keynesian, if anything. Or state-capitalistic, paternalist or something along those lines. The capitalism - communism dichotomy isn't particularly helpful here, as people don't really agree on what unqualified "capitalism" is.


Here I found a person who says it's maybe socialist, but the same person said maybe capitalist:

Capitalist? -- Maybe. In pure capitalism the bailed out enterprise would be allowed to fail. But, if the "bailout" is structured properly, the government can get good value for their investment. If this is the case, the bailout can be considered capitalist.

Socialist? -- Maybe. One definition of socialism is to make individual responsibilities public responsibilities. Depending on how the bailout is structured -- maybe some liabilities fall on the shoulders of taxpayers, with inadequate compensation to the government. Seems like a reasonable definition for socialism. Similar to how if a person gets sick, and the government picks up his medical bills.


Source was: https://www.quora.com/Are-bailouts-capitalist-socialist-or-communist


From another article the writer's opinion was that it's more "unregulated capitalism" than socialism:

https://origins.osu.edu/history-news/bailout-far-cry-socialism

And another source says it's capitalist business as usual:

https://systemicdisorder.wordpress....e-capitalist-business-as-usual-not-socialism/


For the "socialism for the rich" argument i found only sensationalist mainstream junk leftist sources like the Guardian's and only 2 or 3 even of those.....


The sample size of the stuff above is not so bad and many more people are for capitalist or neither than for socialist.....


So Obsi was actually right according to the more knowledgeable sources.......

 

[Federberg]

You’re angry because I’ve been following you around. The punishment has affected your mind undoubtedly.

I think that's called projection dear boy! I like that you follow me around. It means that I must have pissed you off so much you can't let it go. It means I did what I wanted to do. So please don't stop. If you become indifferent to me, I don't know what I would do

One more thing... you do realise you've exposed yourself on this thread right? Your response to my challenge to make a contribution, exposes your utter lack of knowledge on the subject. The very fact you had to browse on the internet for a response was hilarious to me. Sadly I don't think you've quite realised yet what that reveals about you. For further explanation, that's why I was laughing at you. And it's why I wondered if you're a little kid. I'll say this once more, if you are a little kid, please let us know. I sincerely hate the idea of picking on an innocent. For now I'll just keep assuming you're the moron I think you are