Going back to nuclear. For or Against? Please keep it civil.

[lester1/2jr]

In modern usage, late capitalism often refers to a new mix of high-tech advances, the concentration of (speculative) financial capital, post-Fordism, and a growing income inequality.[16]

In short, the move from manufacturing to service industries, esp. financing, rising debt and spending, which is part of financial speculating, high-tech advances leading to post-Fordism (as much of manufacturing is outsourced and smaller firms are formed to focus on specialized components), and inequality (due to real wages peaking, and then surplus profits going to the few who are owners of businesses, which with financial capital leads to an economy mostly owned by a few).

thats not what the statement says but even if it did, there are dozens of capitalist economies that don't practice those things. The United States had 0 debt circa 2000 and many capitalist countries today are lender not debtor.

Protectionism is socialist because it's regulatory and the opposite of free markets

it's not "regulatory" just free in a much smaller area but its still the market system. and again Marx supported free trade, not protectionism. Hitler however...

the Triffin dilemma

the gold standard ended because the US need to pay for the unpopular Vietnam war via inflation because no one was going to buy vietnam war bonds. the only "dilemma" was the US adminstration embracing imperialism rather than peace

[Newt]

it's not "regulatory" just free in a much smaller area

[lester1/2jr]

the point is its still competition. If only American wines were sold in liquor stories you would still have to choose between different vineyards or whatever. A black market would probably form for people who prefer French or italian wines so really theres no difference at all



https://en.wikipedia.org/wiki/Economics_of_fascism "In most cases, fascists discouraged or banned foreign trade, supporting protectionism"

[Morpheus, the unwoke.]

Someone here complained that 'liberal' workers want the most pay for the least work. Well, employers want the most work for the least pay.

'Free trade' was brought up, which means American workers are forced to 'compete' with third world workers making a few dollars a day, unpaid Chinese prison (slave)  labor abd countries that use child labor.

[ER]

Someone here complained that 'liberal' workers want the most lay for the least work.

I totally married one of those. Most lay for the least work. Man, that is so him....

[RCMerchant]

Hey! I'm alright my computer took a s**t that's why I haven't been online yeah. I'm getting one next month when I get paid. Happy thanksgiving.

[Morpheus, the unwoke.]

Hey! I'm alright my computer took a s**t that's why I haven't been online yeah. I'm getting one next month when I get paid. Happy thanksgiving.

People here will be glad to know this.

[ralfy]

thats not what the statement says but even if it did, there are dozens of capitalist economies that don't practice those things. The United States had 0 debt circa 2000 and many capitalist countries today are lender not debtor.

That's not what it says but even if it did....make up your mind. Also, there are capitalist countries "that don't practice those things" because they haven't reached that stage yet.

The U.S. has zero debt. You must be talking about a parallel universe.

it's not "regulatory" just free in a much smaller area but its still the market system. and again Marx supported free trade, not protectionism. Hitler however...

That's what happens when you regulate.

the gold standard ended because the US need to pay for the unpopular Vietnam war via inflation because no one was going to buy vietnam war bonds. the only "dilemma" was the US adminstration embracing imperialism rather than peace

Yes, it argued that from then on the dollar would be backed by...itself. Add to that petrodollar recycling.

And yet the Triffin dilemma persisted for obvious reasons.

[ralfy]

the point is its still competition. If only American wines were sold in liquor stories you would still have to choose between different vineyards or whatever. A black market would probably form for people who prefer French or italian wines so really theres no difference at all



https://en.wikipedia.org/wiki/Economics_of_fascism "In most cases, fascists discouraged or banned foreign trade, supporting protectionism"

Not just fascism. Also, mecantilism and even the East Asian Miracle.

[ralfy]

Someone here complained that 'liberal' workers want the most lay for the least work. Well, employers want the most work for the least pay.

'Free trade' was brought up, which means American workers are forced to 'compete' with third world workers making a few dollars a day, unpaid Chinese prison (slave)  labor abd countries that use child labor.

I think it started when Japan took over. Meanwhile, the U.S. started outsourcing to Mexico. And then the "tiger" economies took over for Japan. China and even Vietnam came much later.

Today, I hear that the new kid on the block is Thailand.

https://money.cnn.com/2018/07/10/news/world/thailand-auto-industry/index.html

[Morpheus, the unwoke.]

Someone here complained that 'liberal' workers want the most lay for the least work. Well, employers want the most work for the least pay.

'Free trade' was brought up, which means American workers are forced to 'compete' with third world workers making a few dollars a day, unpaid Chinese prison (slave)  labor abd countries that use child labor.

I think it started when Japan took over. Meanwhile, the U.S. started outsourcing to Mexico. And then the "tiger" economies took over for Japan. China and even Vietnam came much later.

Today, I hear that the new kid on the block is Thailand.

https://money.cnn.com/2018/07/10/news/world/thailand-auto-industry/index.html

When Japan took over what?

And you didn't say anything about how American workers are supposed to 'compete' with third world workers, slave labor, child labor, etc. All you have is  ''regulation BAD! protectionism BAD! ''.

[lester1/2jr]

That's not what it says but even if it did....make up your mind. Also, there are capitalist countries "that don't practice those things" because they haven't reached that stage yet.

I did. I pointed out that you misinterpeted the statement, but charitably pretended that your argument was correct.

"late" stage capitalism makes no sense. there is no acknowledged time limit to capitalism. having a well run country with a sensible budget isn't late or early

The U.S. has zero debt. You must be talking about a parallel universe.

I was talking about 22 years ago and it was innaccurate anyway. we were HEADED for a surplus. ALL countries have debt

Chinas debt is almost as bad as Japans  http://fingfx.thomsonreuters.com/gfx/rngs/CHINA-DEBT-HOUSEHOLD/010030H712Q/index.html

"China's debt is more than 250 percent of GDP, higher than the United States. It remains lower than Japan, the world's most indebted leading economy, but some experts say the concern is that China's debt has surged at the sort of pace that usually leads to a financial bust and economic slump."

is that late stage communism? or just bad decisions by this particular state

[ralfy]

When Japan took over what?

And you didn't say anything about how American workers are supposed to 'compete' with third world workers, slave labor, child labor, etc. All you have is  ''regulation BAD! protectionism BAD! ''.

Manufacturing. I must say, they do make such bloody good cameras!

Error 404 (Not Found)!!1

Where did you get the idea that I think regulation and protectionism are bad? LOL.

[ralfy]

I did. I pointed out that you misinterpeted the statement, but charitably pretended that your argument was correct.

I didn't misinterpret the statement. Not even close.

"late" stage capitalism makes no sense. there is no acknowledged time limit to capitalism. having a well run country with a sensible budget isn't late or early

Of course, it does. That's why you have diminishing returns.

I was talking about 22 years ago and it was innaccurate anyway. we were HEADED for a surplus. ALL countries have debt

How does that even make sense, comparing what happened 22 years ago with the present?

Headed for a surplus? How?

Chinas debt is almost as bad as Japans  http://fingfx.thomsonreuters.com/gfx/rngs/CHINA-DEBT-HOUSEHOLD/010030H712Q/index.html

"China's debt is more than 250 percent of GDP, higher than the United States. It remains lower than Japan, the world's most indebted leading economy, but some experts say the concern is that China's debt has surged at the sort of pace that usually leads to a financial bust and economic slump."

is that late stage communism? or just bad decisions by this particular state

That's not late stage Communism but late stage capitalism: increased financial speculation, just like the statement I mentioned earlier. In this case, credit pumped into paper real estate. Same thing happened to Japan during the late 1990s, and then the U.S. by 2008.

China is a Communist country? LOL.

[bob]

Hey! I'm alright my computer took a s**t that's why I haven't been online yeah. I'm getting one next month when I get paid. Happy thanksgiving.